the telecommunications, informational technology and financial sectors. to illustrate just how wide today's stock rally was, consider two areas viewed as early indicators of market behavior. first, the transportation sector. this exchange traded fund follows the dow jones transportation average. today's 2.5% rally breaks out the fund to its highest price since the summer of 2011. the transportation industry is seen as an early signal of the economy. and second: small-cap stocks as measured by the exchange traded fund tracking the russell 2000 index. the fund jumped 3.1% to finish at an all-time high. small caps rallied twice as much as the dow industrials did last year. with a rising stock market, insurance stocks led the way for the financial sector. metlife finished up by 6.7%. lincoln national gained 5.8%. hartford financial was higher by 5.7%. these insurers have been hurt by lower government bond yields eating into their investment portfolios. but today, interest rates were rising. the yield on the 10 year government bond jumped to 1.84%. that's still very low by historical standards, but it's the highest yield, lowest bond price since september. in the technology sector, the biggest loser am

infrastructure we talk about investments in infrastructure we tried to look at the development in the transportation sector in an interest sector that would try to develop a system. ones a customer yearly increase in tears will pay for development of utilities it's ridiculous you mentioned image and the perception that's really also been one of the main issues here everybody talking about the image of russia not quite being up to par not really quite being up to what the reality of doing business in russia is but yet according to many surveys less than thirty percent of russians are actually interested in having their own businesses that's a very low number compared to pretty much any developed country why do you think that is and do you think it's a matter of entrepreneurialism having you know a bad reputation or having the wrong image or do you think there are deeper underlying problems missing just so those are grounds for recognizer so it's hard work and you need to commit to almost whole of your free time you know to not to do it we need to help them to grow and we need to reduce barry not to study th

the telecommunications, informational technology and financial sectors. to illustrate just how wide today's stock rally was consider two areas viewed as early indicators of market behavior. first, the transportation sector. this exchange traded fund follows the dow jones transportation average. today's 2.5% rally breaks out the fund to its highest price since the summer of 2011. the transportation industry is seen as an early signal of the economy. and second: small-cap stocks as measured by the exchange traded fund tracking the russell 2000 index. the fund jumped 3.1% to finish at an all-time high. small caps rallied twice as much as the dow industrials did last year. with a rising stock market, insurance stocks led the way for the financial sector. metlife finished up by 6.7%. lincoln national gained 5.8%. hartford financial was higher by 5.7%. these insurers have been hurt by lower government bond yields eating into their investment portfolios. but today, interest rates were rising. the yield on the 10 year government bond jumped to 1.84%. that's still very low by historical standards, but it's the highest yield, lowest bond price since september. in the technology sector, the biggest loser am

>> well, for example in the transportation sector which represents a third of greenhouse gas emissionshe mass transit systems or high-speed rail networks. it is going to have to come with, with some public money. there's a lot of folks out there that would love an alternative to $4 a gallon gas. you have to have a public infrastructure investment. melissa: you're talking about tax dollars. and what worries me about this, we don't have any tax dollars right now. i don't know, i'm sure you know that we ve a $16 trillion debt here. so when we're talking about spending more tax dollars, would, if we were going to spend more, would they be better spent on say, retraining people to fill the jobs that we have that are open in this could not my when we have 22.3 million people unemployed and need more work? maybe we should be training them to be engineers or to work with computers or be mathematicians rather than spending money on climate change? >> well, first of all, spending money on climate change is a job creator. if you're an installer of solar panels on buildings and homeowners roofs th

. >> well, i know that the transport, former sector estate and other ministers have met with my honorable friend giunta they would've listened very carefully to what he said. as those paying tribute to the coast guard. it's a good opportunity for tribute to the search and rescue services across the country. our reforms are aimed to prove average response time by 20%. that is why we're going ahead with these reforms, i'm sure the ministers will listen very carefully to what he said. >> thank you, mr. speaker. prime minister, since you came into office, unemployment has increased, risen by over 15% and youth unemployment has risen by 9% to my right honorable friend has made reference to you in respect of goodness will keep coming. would the prime minister be good enough to explain to the house, and my constituents, exactly what is his definition of good news? especially in view of the economy at the end of last year, and that will lead to other economic -- [inaudible] >> if you look at scotland, in scotland unemployment has fallen by 40,000 this quarter but it's fallen by 10,000 since the g

the good news is that about -- more than 75% of the sectors that cause the problem that is the industrial sector, the transportationthat one change in the law, if obama picks a good person over the e.p.a. and just carries out the clean air act we can really make enormous progress. >> stephanie: we had lunch in the room that the clean air act was written in. you told us that fun fact. >> we sure did. the major -- all of the major landmark laws, which the american people cherish, which, by the way boehner's house tried to essentially repeal and really defanning, they sent over this horrible legislation. we stopped it all in the united states senate. but yeah, so the good news is that strong e.p.a. can really make progress. now, a lot of the special interests, the big oil the big coal, they'll scream and yell. and sue. but the fact is it's clear that the clean air act covers carbon pollution. now, the rest of it are smaller pieces like agriculture and about 7% of the emissions. and about 11% come from buildings. and i'm going to try to go after that 11%. in a good way. by essentially putting out sort of a revolving fu

today the army has taken over the sector for a high risk mission. transporting the week's production to a safe location. three gold ingots over twenty kilos each. here we have sixty eight kilos ok. that makes one point two million euro. in colombia gold is highly coveted by the criminal organizations. so in order to avoid an ambush the time and day of the transfer or decided at the last minute made my escape this is the most critical moment and on this side and the gold leaves the factory it up got to be transported to the city of miti in. the ingots or carried away at a run. the soldiers mark alpha course. the operation is completed in four minutes. the precious cargo takes off towards middle the regional capital from where the gold will be exported. this ago via gold mines are the oldest ones in south america they were own for a long time by an english company frontino gold mines but in two thousand and ten and gran colombia gold bought the entire concession. thanks to different you know mines the canada based multinational has become colombia's leading gold p

the healthcare sector is that it's different from a sociological point of view from all the protests we're seeing around spain we've seen of course teachers and. public sector workers of all sorts transporter all the services are basically on strike or are staging protests now what is different about the is that you have doctors which are traditionally in spain like elsewhere are traditionally more conservative very much the same they backed the government prior to election so this is their own people very center happy with the way the government is going so i think it will it will make a difference it will it will cost some extra problems for that for the current government. as unemployment brings despair to what was once a land of prosperity many of those who are hunting for better live and almost making some unexpected choices you see cavanagh reports from venezuela on why the country is becoming watch active place to move to. with no end in sight to the financial crisis many are finding refuge in countries with an alternative economic model or some venezuela represents a whole new opportunities the bolivarian republic may be a surprising choice after all it's been ranked as one of the

the health care sector is that it is different from a sociological point of view from all the protests we're seen around spain we've seen of course teachers and and. public sector workers of all sorts transport all the services are basically on strike or staging protests now what is different about the is that you have doctors which are traditionally in spain like elsewhere are traditionally more conservative they most of them they backed the government prior to its election so this is their own people that he said happy with the way the government is going so i think it will it will make a difference it will it will cost some extra problems for that for the current government another country desperately to put a lid on its runaway spending is the united states too and later on this channel max kaiser looks down the barrel of washington's murky financial plan. why is the pentagon off the table but pentagon spending is a function of money printing it's a function of money printing because money printing more ordinarily cause massive inflation but dead soldiers equal deflation that's how you have to look at that arlington national cemetery that's america's answer to inflation it's the deflatio

today the army has taken over the sector for a high risk mission. transporting the week's production to a safe location. three gold.

today the army has taken over the sector for a high risk mission. transporting the week's production to a safe location. three gold ingots over twenty kilos each. here we have sixty eight kilos ok. that makes one point two million euro. in colombia gold is highly coveted by the criminal organizations. so in order to avoid an ambush the time and day of the transfer or decided at the last minute made my escape this is the most critical moment and on this side and the gold leaves the factory it up got to be transported to the city of middy in. the in goods or carried away at a run. the soldiers mark out the course. the operation is completed in four minutes. the precious cargo takes off towards middle .

the healthcare sector is that is different from a sociological point of view from the protests we're see around spain we've seen of course teachers and and. public sector workers of all sorts transports are all the services are basically on strike or staging protests now what is different about the is that you have doctors which are traditionally in spain like elsewhere are traditionally more conservative they most of them they backed the government prior to its election so they seized their own people that he said happy with the way the government is going so i think it will it will make a difference it will it will cost some extra problems for the for the current government well and those problems of course could be exacerbated bearing in mind of course that health care is really a very very important aspect of life for them for any population is it not being very dangerous here by targeting health care madrid here cutting in this particular area well yes of course and it's not just the privatization this is just part of the of the of the things that people are unhappy with that it's also all sorts of new taxes for example until now people didn't have to pay for their medicines in

within days, commissioner jim simpson, the department of transportation and our private sector partners had a temporary road built to allow emergency vehicles onto the island. now, merely 10 weeks after our state's worst storm, you see a permanent route 35 already being rebuilt. government can do. can do. that is how and where we will lead new jersey in the months and years ahead. [applause] there is no question that sandy hit us hard, but there is also no question that we're fighting back with everything we've got. sandy took a toll on new jersey's economy. just when we were coming back from the national recession, sandy disrupted our economic life -- cars weren't bought, homes weren't sold, and factories couldn't produce. from those things we can catch up, and we are catching up. but make no mistake, as common sense would tell you, sandy hurt new jersey's economy. some losses we will never get back -- electric power that wasn't produced, visitors who didn't come to our casinos or our downtown centers. in all, sandy cost us over 8,000 jobs in november, mostly in our leisure and hospita

to break out here on the dow, which is the quince dent breakout for the transportation and the dow. but i look at the housing sector, what brian's talking about, the yen's weakness against the dollar indicates it's risk on. i look at treasuries that have found this range where the real range on the ten year is 180 to 2 and that's where we need to press. but we press higher. fundamentally, when up get the structural stuff, it's a very good back droup. the s&p earnings have been very good. 75% beat. and i think the housing sector is being supported by the banking sector. i know that seems opposite, but i think therefore we have the leadership in this market that can take us start ofarther. everybody needs the industrial strength to get materials going. >> i saw a lot of money flowing out of bonds just a day ago. we cited a really large tlt trade. tlt is the barclays etf on bonds. not a levered one. that's just straight. so, people were buying puts like crazy. 55,000 puts at the 120 strike in that index. it traded down hard, about a percent and a half over the last day. those puts made somebody an awful lot of money b

. >> well, i know that the transport, former sector estate and other ministers have met with my honorable friend giunta they would've listened very carefully to what he said. as those paying tribute to the coast guard. it's a good opportunity for tribute to the search and rescue services across the country. our reforms are aimed to prove average response time by 20%. that is why we're going ahead with these reforms, i'm sure the ministers will listen very carefully to what he said. >> thank you, mr. speaker. prime minister, since you came into office, unemployment has increased, risen by over 15% and youth unemployment has risen by 9% to my right honorable friend has made reference to you in respect of goodness will keep coming. would the prime minister be good enough to explain to the house, and my constituents, exactly what is his definition of good news? especially in view of the economy at the end of last year, and that will lead to other economic -- [inaudible] >> if you look at scotland, in scotland unemployment has fallen by 40,000 this quarter but it's fallen by 10,000 since the g

the construction sector was a key pick up. but transportation services showed weakness due to demand for china exports. the chinese recover is gaining traction. so the chinese markets will get a chance to react to the u.s. fiscal deal when it resumes trading tomorrow. elsewhere, a largely green day for asian bourses. the hang seng added .4% after % surge yesterday. industrial and consumer goods were cast by losses and utilities. elsewhere, the south korea kospi saw some profit taking ending down .6%. the automatic sector was also hit hard by the rising korean won with hyundai motor falling close to 5% today. sherry lass more on that coming up. meanwhile, australian miners continued to shine, pushing the asx 200 at a fresh 19-month high. this despite warnings the current rally and iron ore prices won't last. currently higher by .2%. >> sixuan, thanks for that. we're now into the trading session. to the down side a little bit more than five to four advancers being outpaced by decliners at the moment. but pretty even stevens. the stoxx european 600

the transports. see them breaking down. led us a lot higher. some of the sectorscool off. maybe look at gold. maybe we're poised to break out in gold and especially gold equities. really, really languished during the bull market. >> what do you want, the transports to hit a new high every day? tough crowd. >> actually i'm very bearish so i'm going against most everyone's opinion, and that's the way i'm looking at it right now. these are some of the sectors i'm looking at. >> you know what i find really compelling is the fact that when you look at the valuations here they are really not excessive. the forward-look pe right now i think is at 14. trailing pe is at 16, so you can't make the argument that in fact even though we have seen this huge run up that things have gotten overpriced. >> so that leads to the argument what about multiple expansion, right? the biggest bulls on the street that jeremy segal thinks we could hit 17,000 and things like that, think we'll get multiple expansion. do we or not? >> i certainly think there's room for expansion. i don't think q

the study. we both feel that it is important for us to join forces on this one. it is an important sector of transportation and we need it is important for meeting not only parking base goals of the overall cities economic development goals. >> joint operation makes a lot of sense. >> any other questions or comments? is there a motion to move item 3 two the full authority with positive recommendation? >> so moved. >> colleagues can we do that without objection? so moved. >> i will give you a review of what is happening at the federal level. then i will introduce matt watts - sacramento, to discuss legislative needs in your packet. at the federal level at the very last hour, the night before the turn of the year, congress passed several pieces of legislation that are going to allow for continuing operations of the federal government. the debt ceiling and sequestration for the debt ceiling, congressionally established limit on the amount of the public debt reached in the final days of 2012, and through emergency borrowing measures the treasury was able to continue funding the federal government. these issues

the oil sector by 2020. cheryl: we've seen the railroad sector show more of an interest because of transportation issues withroleum and pipelines and no gos in particular with keystone. it is very interesting. david sidoo. east/west petroleum corporation executive and chairman. interesting topic. >> thanks very much for having me, cheryl. cheryl: kind after the break i will tell you the only s&p sector that is in the red so far this year. >>> plus, liz claman, she is on her way, right now she is in flight. she has the movie. no, she is studying. that is liz. she is on the way to davos, switzerland for the world economic forum. i will give you a sneak-peek what is in store for the rest of the week and what liz has in store coming up. ♪ . what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. [ male announcer ] save on grou

cal train and help reduce the emissions on the transportation side this way and not just our environment and lastly we looked how can we encourage private sector investment and new and the city can't do this on its own. we need to work with the private sector and leverage this and that could be look at programs to reduce the cost of and expand clean energy financing and with pace and other mechanisms, pursuing third party ownerships and partnerships to develop more renewable energy. levering caa and and to the fee and tariff and having this set of customers under cca and guaranteed off takers the renewable power for years to come you can assure to the developers there is the market to sell into and thereby help them to get financing and get projects on the ground and supporting clean investments. for example by working with the pension and retirement funds to use some portion of the portfolios to go towards these programs and demonstrations on public property and that's been started already on clean power sf. we have almost 40 members in total and it's a fantastic group and we're lucky to have knowledgeable folks and universities in the area a

they were the weakest today, your industrials and energy and material stocks and transportation stocks. look at the transports there. all were notably weaker. there's your sectord those are the ones with the biggest move up. they make the sense on the down side. home business, ryland terrific numbers, all home builders with terrific numbers but there was profit-taking today. the problem is on the valuation. finally, maria, hold on the ten-year note there. look at that. below 2%. back to you. >> all right, bob, thank you so much. back with me is eric from russell developments and our own rick santelli. very good to see you. let me kick this off with you, eric. surprised we took a breather today? >> no, actually given the negative number on gdp expected the market to react a little more violently to the downside. i think it gives you a sense that the market feels like there is no other asset class for them to invest in and there's a little bit of a crisis fatigue. not that those things aren't things to worry about, just that worrying hasn't made money over the last year. >> that's a good point. a lot of people wrecks pecting a bigger drop, but there's so much fi

the public sector. >> agreed. >> investigators found a lot of employees selling transit cars on ebay . that is a nice supplement them. these are tremendous generous subsidis and the whole transportation subsidy only came about because of the green initiative and part of the clean air act. we need cuts. this is an easy place to start. congress can't even gets its head around this. >> you are okay for proisting the parking but not the tans transit i am against all subsidies. >> look, the only reason we are talking about this. the republicans tried to get it to the floor and couldn't get a vote called on it. that's where we are at in dc. going back to the issue of the spending in dc is run away if you will. >> cheryl. the reason it didn't come to the vote on the floor, people were not willing to subsidize parking to a greater extent than they would transit. if you want to have a conversation about getting rid of all of that's fine. but subsidize people to grid lock while you penalize them for riding the train doesn't make sense at all. >> yeah, i think we need to have a conversation about cutting it. federal workers have a 48 percent higher benefits that private sector. this is part of

the i.t.f. outsourcing sector. the industry has put in place a strict code of conduct and women now form almost a third of their work force. >> whether it's providing company transportation or insuring the women employees are the not the first to be picked up and the last to be dropped, making sure security guards employed by the company to come along. i think the industry has a complete mechanism internally to insure health lines to provide all the safety security of all the women in the work place, particularly in transportation and safety. >> but for small businesses it's a lot harder to invest in security. it's a question that employers are considering before hiring women. this company employs hundreds of women. >> we're not against the blight of women at all -- >> the owner says he's hired more men because he's worried for their safety. >> specifically in delhi, while we try to give them pepper spray, like everybody has one, but here in delhi, i'm not sure, i don't think i can actually have them working late. >> many feel more deep-rooted changes and attitudes are needed to make india's women feel more secure. but while the country is debating the issue, there's now

media starting to roll over, transport had a good run, sectors are moving lower. the 2,000, transports, the airlines are rolling over. nicole: thank you very much. back to you. ashley: we will be back in the 15 minutes. tracy: several issues on the agenda for senator mike crapo as the takeover of the banking committee. our senior washington correspondent peter barnes joins us from capitol hill with more on his exclusive interview that happen dirtier today. peter: we wanted to sit down with senator crapo who is taking over from senator richard shelby and i asked about his top priorities as the new head republican on the committee and he said number one oversight of dodd-frank reform legislation implementation along with some legislative fixes to that legislation and reform of any mae, freddie mac and the at h a. the big thing is consumer protection agency which was created as part of dodd-frank, the president has renominated richard cordray as director of the agency, republicans blocked in protest over the way the agency was set up. the president resets -- recessed app