the trouble is that a couple of years ago thomson reuters did a study from their criteria, who were the 100 most technologically innovative companies? 40 were american. zero were chinese which means effectively if thomson reuters is right, almost all of the 9% of the annual growth rates in china are from borrowed technologies. now as the chinese wage has moved significantly higher and closing the gap against the developed world that productivity rate is going to fall very sharply. and it already is. we are looking at a double digit annual growth rate that is now approaching six by measure and remember that the chinese the years are not the same as we look at areas they can create whatever gdp they want by just acquiescing in the requirement of province to build three office buildings to put people to work. it wasn't that they didn't have the office, but they needed the jobs and that is financed by a state-owned bank under instructions coming essentially from the state council. the result is that you get the gdp that is created there by the sea through building or as is more relevant to

if you look at the thomson reuters figures, we're talking about the best quarter in some time. yeah, the revenue figure isn't great, but, you know, i guess it goes almost back to the jobs report. you can make of it what you will, but it certainly hasn't derailed the market today. >> that's right. jobs report wasn't as good as analysts were hoping for, but it also wasn't nearly as bad as it was in december. december was only revised up 1,000. that's not great. going back to the household survey, the fact we saw labor participation increase even though ever so slightly and that unemployment rate decrease, i think that's extremely promising. the other thing i think that's extremely promising is the fact that we saw a slight decrease in the number of long-term unemployed. i think those are both very hopeful numbers in a very murky report. >> i don't see -- has there been any economic data over the last few weeks, kelly, that suggests some robust 3.5% gdp growth per annum recovery? >> there was a lot in the months leading into the year, so you can't just take a single month -- >> i'

thomson reuters found the american's optimism was tempered by money concerns. >>> several large jcpenneytal management recalls each had more than 5% of the troubled retailer. jcpenney shares down 34% already this year. that is the latest from the fox business, giving you the power to prosper. lori: miami beach boat shows brings in $600 million in revenue for florida. cheryl casone is down in sunny miami beach, florida, with the fox business exclusive. we're envious of this assignment. hoyou t. ry 350,000-dollars boat with a joystick. the chairman and ceo of brunswick joins me as i try not to wreck his beautiful boat. your stock has been on a tear. >> we've done really well. the marine market has been improving. our fitness business is doing well. even the bowling and billiard business is doing well. >> what sales volume this weekend? with all the weather and issues in the northeast some of your clients were not able to make it. >> that's for sure. volumes are really good right now. attendance is up. it is absolutely beautiful day. our particular company we're offering large items we didn

say: lawrence hurley is supreme court correspondent for thomson reuters.ur topic is the budget cuts proposed by the pentagon. if you like to join our conversation, the number is -- back to her calls in magnolia springs, alabama. caller: i am a yankee. racist. a to that other person, i am also not against the jewish community or any other ethnic or religious group. i am tired of the slurs. stereotyping people because of the region they come from. i am grateful for the military. where would we be without them? they are the first sacrificial lambs when it comes to budget cuts. i lost a very good friend to agent orange. the governor turned his back on them while he was -- the government turned its back on him. we cannot afford so much junk in this country. first of all we need our heroes in the military. ohiopeople think that an we don't have to be afraid of being invaded. look at what happened after pearl harbor. military,navy, no nothing to train our troops with. host: next up, barry is on our line for democrats. he is a retired servicemember. caller: my mai