address and we know that tom donahue last week gave the state of the business address. but ladies and gentlemen i'm here to tell you, for 82 years no president of this organization has ever stood before its members, republican and democrat and given a state of the cities address. and today we are commanding our president and all presidents forward from 2015 to appear before you and your members and give a state of the cities address address. [ applause ] please know that that is a vote of approval. [ laughter ] we think we thank our current president for establishing this initiative. it's very important as we go forward. ladies and gentlemen it is my distinct honor and pleasure to

chamber of xlers ccommerce ceo tom donahue. dow's down 231. at these levels the worst day for the dow in january 5th, week and a half a sign of where we are as the new year has begun. back in a moment.

tom donahue will join us with his economic outlook and the chamber's 012015 agenda.uawk alley" will be right back. financial noise financial noise financial noise bulldog: through monday, save up to 40% on clearance mattresses. get up to 48 months interest-free financing on tempur-pedic. pup: i found a red tag! [laughter] bulldog: mattress discounters' year end clearance sale ends monday. >>> welcome back to "squawk alley." check out shares of foot locker down 5% so far off their session lows. the stock moving lower after goldman sachs downgraded the shares to a sell from neutral and lowered their price target to $47 a share from a prior $55 target. the firm citing concerns peak margins on basketball shoes may be at risk. foot locker shares down 5%. rival finish line is down as well in today's down market, carl, off by about 2% today. back over to you. >> thank you so much. >>> the chamber of commerce unveiling its 2015 policy agenda in annual state of american business this morning. topping the to-do list improving the keystone xl pipeline and with republicans in ch

president obama and the republicans are going to get anything done this year, one man who can help us tom donahueas the ceo of the u.s. chamber of commerce, he may be the most powerful lobbyist in washington. in a speech today, he spelled out the chamber's priorities were 2015 and afterwards, he sat down for an interview with our chief washington correspondent, peter cook. >> -- >> we are having a technical issue. we will get to open -- we will get to peter cook in just a minute. "bottom line" continues in just a moment. ♪ >> as i mentioned before the break, we had a technical problem. heater cook sitting down earlier today with tom donahoe, the ceo of the u.s. chamber of commerce. he outlined in his speech today the chamber's priorities for 2015. >> there is a lot of talk about what can get accomplished with divided government in washington. is this going to be a wasted year or can you get something done? >> historically, divided government has been able to be productive. look at the election that just happened -- a fun little change was driven by the fact that the american people wanted compete

not seth rogan or tom donahue at the chamber of commerce. that the right in there. last one. if you looked at middle america is it still true to say middle america is right of center? slightly right of center publicly? lou: no question because our middleclass is where the american dream reside so. to believe and treasure the american dream you have to believe in free enterprise capitalism, you got to believe in this constitutional republic and you got to have i think a great deal of optimism about this country right now because our middleclass is under russell by the left and the right and to hell with both extremes. stuart: by the way thank you for that very nice testimonial on our anniversary we appreciate that. lou: is heartfelt and much deserved by you. stuart: lou dobbs, thank you very much. new at noon, steve forbes joins us for the rest of the hour. does he want republicans to push ahead with their agenda. democrats be damned? or is it time to stop the fighting and start compromising with the left, can't believe you would state that.

then, tom donahue gives his annual state of the american economy address, live on c-span 2. >> here are some of our featured programs for this weekend on the c-span network. on c-span 2 on "book tv"," bret stephens focuses on his domestic concerns. senate at 10:00, steve israel on his recent novel. on "american history tv" on c-span 3 george mason university professor john turner on the early mormons in their attempt to create a new zion in the american last during the 1830's. sunday afternoon at 4:00 on "real america," 1964 academy award-winning film about the forced desegregation of little rock, arkansas. find our complete television schedule and c-span.org. let us know what you think about the programs you are watching. call us or e-mail us. or send us a tweet. join c-span conversation. like us on facebook, follow us on twitter. >> senator rand paul of kentucky spoke about judicial restraint versus activism and the need to protect individual liberty. his remarks came at the heritage foundation conservative policy summit in washington. this is 25 minutes. >> good morning. we have had

we know that universities give state of the universities address and we know that tom donahue last week gave the state of the business address. but ladies and gentlemen i'm here to tell you, for 82 years no president of this organization has ever stood before its members, republican and democrat and given a state of the cities address. and today we are commanding our president and all presidents forward from 2015 to appear before you and your members and give a state of the cities address address. [ applause ] please know that that is a vote of approval. [ laughter ] we think we thank our current president for establishing this initiative. it's very important as we go forward. ladies and gentlemen it is my distinct honor and pleasure to present to you to give the 2015 state of the cities address the one, the only from sacramento california, the 72nd president of the united states kevin johnson. [ cheers and applause ] >> thank you. that was a heck of a buildup. i just want to say again how humbled i am to be here before you today and if you're a mayor you know what i'm talking about. we

chamber of xlers ccommerce ceo tom donahue. dow's down 231.levels the worst day for the dow in january 5th, week and a half a sign of where we are as the new year has begun. back in a moment. >> take a look at breadth on s&p, a lot of red today, after retail sales disappointed and jpmorgan didn't have a lot to crow about. still keeping our eye not just on oil in the green but 30-year, hard to look at jim, 24. >> that's why banks are down. wells isn't down as much. jpmorgan had question marks and i was surprised at charge. i feel like did jamie take his eye off the ball or is the bank disliked by regulators because it's viewed as being someone that had repeated problems? you never talk about maybe the regulators don't care for jamie dimon. it's possible. it's possible. >> the way things were done they seem to be overly picked on both for so-called balance sheet they may not think be fortress. i understand. wells fargo, john stumf -- >> bank of america paid plenty of money as well. >> bank of america's not -- the stock's not holding up there. ra

chamber of commerce president tom donahue gives his annual statement and address. of that is live -- that is live on c-span2. >> the c-span cities tour goes the u.s. cities to learn about the history and literally life. we partnered with comcast to go into west virginia. >> i wrote these books. the reason i thought it was important is wheeling transformed it into an industrial city in the early part of the 20th century. it is uncommon in west virginia and a drew a lot of immigrants from various parts of europe. in search of jobs and opportunities so that generation of immigrants is pretty much gone. i thought was an important idea to record of their stories and the ethnic neighborhoods. it is an important part of our history. most people tend to focus on the frontier history, the civil war history. they are important but the most importance in my mind is the industrial time and immigration of wheeling. >> wheeling starts as an outpost on the frontier. that river was the western extent of the united states in the 1770's. the first project funded by the federal gover

. >> i believe i think it was tom donahue who was recently in korea, and who spoke about not acting in good faith on what wuss dealt at that time. >> congresswoman dingle, you said you went to detroit with the president yesterday. did you have a chance to talk to the president briefly about your opposition? the leader of your own party is probably the biggest supporter of this t.p.p. deal. how willing are you willing to buck the president's own agenda that he's calling critical to presidency? >> i think how i feel is pretty clear. i've been very vocal on this from the very first question that i got. and i believe that it would put us backwards. by the time, come to michigan, the auto companies are concerned, we're waiting to see if fast track is about having the ability. you can't just fast track, you're asking me about t.p.p. if we don't address currency, i think you've seen that the debris domestic auto companies many other unions are concerned about this. and quite frankly it places company in this country at a competitive disadvantage. i'm here for the working men and women -- >> w

and we know that tom donahue last week gave the state of the business address.ut ladies and gentlemen i'm here to tell you for 82 years no president of this organization has ever stood before its members, republican and democrat, and given a state of the cities address. and so today we are commanding our president and all presidents forward from 2015 to appear before you and your members and give a state of the cities address. we thank -- [ applause ] please note that is a vote of approval. we thank our current president for establishing this initiative initiative. it's very important as we go forward. ladies and gentlemen, it is my distinct on and pleasure to present to you, to give the 2015 state of the cities address, the one, the only from sacramento, california the 72nd president of the united states, kevin johnson! [ applause ] >> thank you. thank you. that was a heck of a build-up. i just want to say again how humbled i am to be here before you today. and if you're a mayor, you know what i'm talking about. there's great jobs. there's no jobs we'd rather h

. >> i believe i think it was tom donahue who was recently in korea and who spoke about their not acting in good faith on what was dealt at that time. >> yes, sir. >> for congresswoman dingell, you said you went to detroit yesterday with the president. did you have a chance to talk to the president even briefly about your opposition? the leader of your own party is probably the biggest supporter of this tpp deal. how willing are you to sort of buck -- and the rest of you to buck the president's own agenda that he's calling critical to his presidency? >> i think where i stand is -- >> into the microphone. >> i think how i feel is pretty clear. there was a question. i've been very vocal on this from the very first question that i got and i believe it would put us backwards. and by the way come to michigan. the auto companies are concerned. we're waiting to see. fast track is about slg the ability. you can't just fast track. we need to know what the substance is in. you're asking me about tpp. if we don't address currency i think you've seen the three domestic auto companies, the uaw, many