let's bring in jpmorgan's tom lee and david lutz.e expended all of my dickens quote knowledge. i googled that one, i will be perfectly honest. do you expect to see a solid 2014 or three down days looking likely right now? is this something maybe wicked which comes our way? >> no, i honestly think we are going to continue to see a solid 2014. let's look at the end of 2013. we had a tremendous amount of momentum coming into the end of 2013. the s&p saw well over 400 stocks in the green for the year. that's fantastic breadth coming into 2014. over the last six times that that's happened since 1980, the following year, so 2014, every year has been positive. all six years, for an average return of about 14.5%. that would make tom lee, who is high on the street right now as far as his s&p forecast, maybe just a little bit too low. there's a lot of wind for the bulls' back right now. >> i believe that tom, you said the s&p has a one in three chance of rising 30% this year. 30%, another 30% on top of last year's? >> that's right. you know, i

we'll speak with david wu and also strategist tom lee. squawk will be right back.earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. cozy or cool? "meow" or "woof"? everything the way you want it ... until boom, it's bedtime! and your mattress a battleground of thwarted desire. enter the sleep number bed. designed to let couples sleep together in individualized comfort. he's a softy. his sleep number setting is 35. you're the rock, at 60. and as your needs change over time you can adjust your bed to sleep better together. 48-month financing available through february 2 only at your local sleep number store. find your sleep number setting and know better sleep. >>> welcome back to "squawk box"

it's not like you are out there profiteering from it. >> tom lee, question on the fed. going to be driven by tapering, how big and when it happens, are we going to start increasingly pay attention to earnings which we're just starting to get and other economic data? >> ultimately what matters to investors is that the economy is strengthening and, you know, policy response and also the data has to support that. so, i think it's going to ultimately matter for, you know, growth to strength in a lot of these measures to show that. and as you point out, i think it's going to be reflected bottom line in earnings accelerating which is what we're expelling to happen in 2014. >> breaking the jobs report down, as we spin this conversation forward, what's going to be the most important data point to come out of this jobs report to really confirm that it was an anomaly and it doesn't square with the rest of the economic data we've been getting? >> unfortunately we know the cold weather actually got worse in the month of january, and so i don't think we'll get a clean report necessa

tom lee would just give me work on saturdaysschool lunches will be seeing lean meat and whole grainsn. near upper the u-s-d-a say rules made a year ago allowing more meat and whole grain in school lunches will become permanent. guidelines restricting portion size were originally intended to combat childhood obesity, but many parents complained their kids weren't getting enough to eat. school administrators say that rules establishing maximums on grains and meats are too limiting and make it difficult to plan daily meals. happening now. the trip back to land is on hold again for 52 scientists and tourists rescued from a research ship stuck in the ice in the antarctic. here's video of the rescue. the passengers were airlifted from the icebound ship yesterday. but the australian icebreaker has been told to stay put for now because a chinese icebreaker that supplied a rescue helicopter fears it may get stuck in the ice as well. the vessel got stuck on christmas eve. the ship's crew plans to stay on board and has a week's worth of supplies. omg, jack. have you ever checked out these new p

lee. then tom daschle on the challenges with advancing bipartisanship in congress. cantor speaking on the issue of school choice. is pleased to" welcome steny hoyer. he is the democratic leadership whip. covers congress for the hill. >> hi. like to be with you. >> moderates are fleeing both parties fairly quickly. congress mcintyre and else's retirement this week. there are 15 blue dogs. two are retiring. what does this mean for the possibilities of taking the house in 2014? are these just gone? >> i do not think they are just gone. they were very strong candidates in their districts. they were very republican districts. redistricting has hurt both of them. i think we will certainly be recruiting candidates in those two districts. parties are confronting folks who have retired in districts. in districts where the other party will have a good chance of , the philadelphia suburbs are particularly a good example, but we think we have opportunities in arkansas where we have a retirement. both parties are experiencing i think the result of the frustration that has come f

. >> let's get back to our guest host scott spurling, we don't say -- does anyone call you tom lee?ah. >> we haven't talked about private equity at all in any kind of real meaningful way. are you buying anything right now? >> we have bought a few companies. i would say that we've been in an environment not just for us but for others where you have to wo pretty hard to buy something. the market has been not fruitful for us, maybe some others. but we've acquired five companies in the last nine months and i would say typically you're working anywhere from nine months to in the case of lps which has been announced, we worked on that for almost four years. >> and you're not going to follow some of your rivals -- >> join the public market? >> either the public markets or even into broader asset management. >> we have a credit business, which is publicly traded, that's pretty close to our core business. i don't think we're looking to expand beyond that into what i would say an asset -- broader asset management construct. we like being owner-operators of businesses, at least what most of th

it came as a surprise to some that lee daniels, the butler, didn't receive any nominations. tomks and robert redford both golden globe nominees were left out. the academy awards airs sunday, march 2. >> can't believe that. >> snubbed. >> definitely the best movie out of the group. the coach explains finally, next. ,,,,,,,,,,,,,,,, been speculation about t tionship bteween the >>> finally, pete carol spoke about his relationship with jim harbaugh. >> we have not been friends over the years because we don't know each other very well. just knowing each other through the game. since we coached against each other. so, there's very -- it's a very confined relationship in that regard. it's, for whatever reason, you had a field day with thinking it's something other than it is. i have great respect for what jim has done. you guys have had a blast with it. but there's nothing there. >> animosity, no. erroneous. football, it's competition. it's winning. >> sharks visiting south florida to take on the panthers. game was scoreless for nearly two periods. tim thomas, his sixth goal of the ye

this man. 20- year-old john henry lee lee has been here at the alameda county jail since last thursday he is the man who was being investigated when bart sgt. tom smith was accidently shot by a fellow officer jimmy lives few doors down from lee at the park sierra apartments >> he often came here to this house. he always acts to bauer our phone to call someone. >> reporter:according to investigators it was back on january 16th when a san leandro police officer interrupted a burglary in progressthat's when police say lee lead them on a chaotic chase in to oakland where he was caught with the help of a police dog a hand gun was recovered when lee was arrested >> reporter:that was the end of lee's rampage. police say the moring before he was arrested lee allegedly stole a car from the hayward bart station and then later robbed someone for an iphone at gun point in the fruitvale station parking garage >> reporter:lee's neighbor didn't seem too surprised >> he was kind of awkward, i do not know how to explain it. >> reporter:to get alerts and updates on big, breaking stories like this one. you can download our free app. from google play or i-tunes. >

some were surprised lee daniels "the butler" did not receive any nominations. tomobe nominees for best actor, were also left out. teri okita for cbs news, los angeles. >>> one oscar nomination had many people at home and in hollywood shrugging their shoulders. ♪ alone yet not alone >> the title song from the film "alone, yet not alone" was nominated for best original song. it was only released for a week last fall. it's not even listed on websites that track box office receipts. it's billed as a face-based historical drama set during the french and indian war in the 18th century. the film will get a wider release in march. i'm sure a nomination will help them out a lot there. >>> coming up after your local news on "cbs this morning," a live update on the wildfire burning east of los angeles. plus a preview of president obama's announcement to overhaul the nsa surveillance programs. we'll hear from national security and analyst juan zarate. and actor daniel day kim of the hit series "hawaii 5-0" joins us in the studio. that's the "cbs morning news" for this friday.

lee. he has been here at the alameda county jail since thursday. he was being investigated when tom smith was accidentally shot by a fellow officer. yow is just a few doors down. >> he would ask me or my brother, like, can he borrow our phone to use it to call someone. >> reporter: it was back on january 16th when a san leandro police officer interrupted a burglary. they were led on a chase into oakland where he was caught with a police dog. a gun was recovered. that was the end of his rampage. the morning before he was arrested he stole a car from a bart station then robbed someone at gun point for their iphone. >> it is awkward. >> reporter: he is in the jail facing second degree robbery charges. scott rates, kron4news. >> reporter: we had record breaking temperatures that shattered previous records. it was 70 in hayward tying previous records. the winds are picking up through tomorrow in the higher terrain. a red flag warning has been issued. it will be cooler than today but we will warm back up in the weekend. we have the forecast coming up in a bit. >>> still ahead the on field

tom smith. >> reporter: investigators recovered a handgun when lee was arrested. the morning before lee was addressed he allegedly sold a scar from the bart station. that day he also rob someone at gunpoint belt station on and dropped them of their iphone. here is a man that says he lived just a few doors down from lee. >> he was kind of awkward i do not know how to explain it. he asks my brother from money and he did not want to give him the money is >> reporter: can tell you that lee is being charged with second-degree robbery. >> pam: stay with kron4 as we continue to follow developments on the bart officers killed go to our web site kron4 back, we had a page dedicated to sergeant tom smith and we also will post the latest information you can also check out our facebook and twitter pages and you can download the kron 4 mobile app. >> catherine: driving the york city is no stranger to snowstorms but to back to back our unusual. there was grit lock at nearly every turn. comice that normally take 30 minutes were taking hours wednesday morning. from washington to v

lee. then tom daschle on the challenges with advancing bipartisanship in congress. later, eric

tom smith. the funeral starts at 10:00 a.m. john sasaki, ktvu channel 2 news. >>> san francisco mayor ed lee reacted to a deadly shooting today in washington, d.c. where she attending the national conference of mayors. >> my heart goes out to the family of the officer that died and his family. i think we all feel that way. we hate to see those incidences occur no matter what the reasons were. >> mayor ed lee said it has been a tough year for b.a.r.t. he set a bond measure that he hopes will be on the november ballot. >>> a report accuses caltrans of trying to hide construction problems on the eastern span of the bay bridge. the report was released in advance of a hearing tomorrow. the report says caltrans officials ignored warnings about cracked welds on the span and an engineer told safety critics to keep quiet and not put their concerns in writing. a spokesperson would not address those claims today. >> what i can say is the program committee and other staff are looking at the report and they will respond to the report and the findings and answer the questions tomorrow. >> they say concerns about the welds and cracked bolts we

lee >> thank you (clapping.) well happy new year i want to thank supervisor weiner and supervisor chiu they're for better and improved transportation tomre as well as his assumes a fact not in evidence i want to thank them and tilly. i want to thank the bay area council jim has been a great contribute to us here in the bay area as we should tell our transportation issues in the city. it's better to start up the conversation with the corporations that are employees and resident are going to figure it out better and working with the commuter shuttle companies as well as the companies that are hiring our residents. it's a great opportunity to talk about this because guess what our transportation needs are great and we reflected that i think in a serious document we recently rolled the transportation documented that ed reiskin 2rikd so much to envisioning our needs. today, we're talking about a challenge something that is a recent phenomena but been in the eyes of the folks it's the commuter shuttle that have been taking our resident and others to their jobs and be it a silicon valley company or medical compass or university the shuttles a

lee, ktvu channel 2 news. >>> more details now, the funeral for sergeant tom smith will be held at the neighborhood church of castro valley wednesday at 10:00 a.m. the church on john drive is also known as the three crosses church. a public viewing is set for the night before at the chapel of the chimes on mission boulevard in hayward. again that will take place tuesday night from 7:00 to 9:00 and the public is invited to go. >>> crews are working to pull a $130,000 mazzorati out of the water. this is how it happened. he and his wife got out of the car but the car started rolling and that's when it kept on rolling right down the boat ramp and into the water. >>> the winds have been gusting throughout the bay area. and tonight a red flag warning is posted throughout the state. crews made quick work of a fire. it burned in the backyard of a home on calvert court. right now it's under investigation. despite very dry conditions, firefighters were able to get the upper hand on the flames before they could spread to any homes. and firefighters in san jose also battled a grass fire this afternoon. the flames broke

i was wondering just a few moments ago if the first lady invitation to mayor id lee was also a backhanded slap at tom perkins. this is a mayor who returned to its trustee issue of inequality. who cares what income inequality is persecuting the rich. >> catherine: told the he will focus on the middle- class and a focus on women and as you point out in narrowing the gap between the rich east and the poor. what would he do? >> will be a broad thing tonight with the call a year of action. hong >> catherine: that was another example of what they would do there in >> is a lot of regulatory issues. help tighten things up the stand and is also a christmas tree like up little kids things where you say things there are important to this particular group. following discrimination against gays and lesbians. the mlb >> that will be something very significant for the ldp t community spirit >> catherine: so this whole dense about who is to sit where and where the special guests are >> one of the masters of this fifth started with ronald slate f tariff ronald reagan. >> catherine: let me also x, talking about the fa

lee, ktvu channel 2 news. >>> more details now, the funeral for sergeant tom smith will be held at the neighborhood church of castro valley wednesday at 10:00 a.m. the church on john drive is also known as the three crosses church. a public viewing is set for the night before at the chapel of the chimes on mission boulevard in hayward. again that will take place tuesday night from 7:00 to 9:00 and the public is invited to go. >>> crews are working to pull a $130,000 mazzorati out of the water. this is how it happened. he and his wife got out of the car but the car started rolling and that's when it kept on rolling right down the boat ramp and into the water. >>> the winds have been gusting throughout the bay area. and tonight a red flag warning is posted throughout the state. crews made quick work of a fire. it burned in the backyard of a home on calvert court. right now it's under investigation. despite very dry conditions, firefighters were able to get the upper hand on the flames before they could spread to any homes. and firefighters in san jose also battled a grass fire this afternoon. the flames broke

tom vacar, ktvu channel 2 news. >>> the mayors of san francisco and green bay made wager on the game. if green bay wins mayor ed leehave to visit a local school pairing a packers hat. if the 49ers win green bay's mayor wearing a 49ers cap. the 49ers take on the packers sunday in their first playoff match-up. watch the game here at 1:00 p.m., kickoff at 1:30 p.m. and road trip to a championship, we will look that 49ers regular season and preview sunday's match-up. catch the show tomorrow night after the cotton bowl and on sunday morning at 10:00 a.m. after mornings on 2. >>> now at 6:00 p.m. caught on tape. the moment someone lit a chinese consulate in san francisco on fire. the surveillance video shows the flames but it may not help catch the culprit. >> a skull found near a park, whoever put it there wanted it found. >> how much money are you pilling to pay to smooth out bay area roads? a question you may have to answer. >> complete bay area news coverage starts right now, this is ktvu channel 2 newst at 6:00 p.m -- complete bay area news coverage starts right now, this is ktvu channel 2 news at 6:00 p.m. >> up in

cleaned up, but what about tom hanks and emma thompson and the documentary "black fish" and i want you to think about this, jack as presents "bad grandpa" got more nominations than leecombined. at the top of the where in the world is my nomination list is oprah winfrey? >> what happened to "the butler?" >> people have short memories, hoda. >> wow! i thought for sure that oprah would get a nod. >> certainly we're surprised that oprah winfrey did not get a nomination. >> she hasn't shown no love in

, it seems a little insulting to all the other movies like "lee daniels' the butler" and you're saying they're not in the conversation? >> tomyou have to at-v at least 300 first place votes to get on the ballot. the academy wants to to be sure that you have at least that much passionate support. the movie that is everybody's second or third choice isn't one that takes that slot. at this system, you'd only find it at the oscars, you find it nowheres in the world, not even in the accounting field. it's a bit ridiculous. >> visibilitier mentioned the best actress. one of the things that's interesting, we always hear how women in hollywood saying there's just not any good roles for women who are a little bit older. but in the best actress category, kim, everybody is 40-plus except amy adams. and i think she's 39. are we seeing a whole new era here? >> you know, this is such great news. people have been talking about this. you're right, everyone says, in hollywood, you get older, your career's over if you're a woman. this shows you there are actually great roles for women. look at this field that you have. these women nominated.

lee furness, thank you so much. wonderful to meet you. incredible what you're doing. valerie jarrett previews the state of the union address. and also retiring tomoe." and i don't have time for unreliable companies. angie's list definitely saves me time and money. for over 18 years we've helped people take care of the things that matter most. join today. you're saying i can get at&t's network with a data plan and unlimited talk and text for as low as $45 a month? $45 a month. wow...no annual contract. no annual contract. no long-term agreement. no long-term agreement. really? really. ok, so what's the catch? there is no catch. ok, i'm obviously getting nowhere with you. i'm gonna need to speak with the supervisor. i am the supervisor. oh, finally someone i can talk to. [ male announcer ] it's not complicated. new smartphone plans starting at $45 a month, with no annual contract. only from at&t. [ sneezes ] [ male announcer ] you may be an allergy muddler. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin® because it starts working faster on the first day you take it. zyrtec®. love the air. [ sneezes ] when i'm train

lee >> thank you (clapping.) well happy new year i want to thank supervisor weiner and supervisor chiu they're for better and improved transportation tom nolan is here as well as his