u.s. economy. >> 2014 can be a breakthrough year for america. detail, we know there's a lot more that we will have to do to restore opportunity and growth for every american. that will require some action. >> we have a reporter roundtable on the final news conference. talevoined by margaret -- indira. laxman secretary kerry has been working toward a deal on nuclear weapons with iran. will this turn into a final agreement? what is the chances that they deadline?the >> this is the best something the president referred to when he was referred to about this iran nuclear deal, which is meant to curtail what they say is a peaceful program. iran claims it is only for civilian and medical research. the u.s., israel, and european allies concern -- are concerned that they are pursuing a nuclear weapon. -- the dealeed upon is a way to put safeguards in place and make sure iran does not break out and go for a nuclear weapon. at the same time, it will give them some sanctions relief. one of the key things obama was talking about was going forward into the ne

u.s. economy is growing but so is the income gap between the rich and the poor. esident obama will talk about how to change that and other aspects of the economy when he speaks at a washington think tank in just a few minutes. mike viqueira joins us from washington. mike, good morning, what are some of the main points the president is expected to address? >> reporter: you are right, the president turning a page now after the last two months healthcare.gov debacle. he is going to talk about the grows gap between rich and poor. it's not a new story or a new subject for president obama. he talked ariel castro it two years ago in a benchmark speech in kansas. and he spoke a little bit about in this year's state of the union. the top 1% in this country have seen their income triple over the course of the last 28 years, meanwhile the middle class has scene their income grow at a modest 1% on average over the course of that same time annually. so the president will be talking about that. he'll be talking once again renewing his call to raise the minimum wage. a lot of ta

u.s. economy added 203,000 new jobs. that's coming off revised figures for september and october that show that we've added 200,000 new jobs a month since the summer. so far the economy is up 2.1 million jobs this year. 2013 is likely to be the best year for job creation since 2005. we're going to get to the december numbers on january 10th. we also got a pleasant jolt this month when we unwrap the job openings report put out by the labor department, 3.9 job openings, openings. that's a jump compared to the same month last year. now this suggests that u.s. employers after years of caution are finally in a mood to expand. looking ahead manpower group recruiting firm that conducts a quarterly survey said employer optimism has pushed it's net employment outlook to the highest level in five years. 17% of employers say they intend to hire more staff in the first three months of 2014. another 7% say they plan to reduce staff. others say they intend to keep their staff level flat but the biggest hiring gains will be seen at the

economy today. patricia has the details. straight month the u.s. jobs market showed signs of improvement. economy added 203,000 jobs in november, lowering the unemployment rate to 7%. there was a healthy bump in higher paying manufacturing and construction. tom perez says the numbers indicate the economic recovery is gaining strength. >> we have had 45 consecutive months of private sector job growth to the tune of 8 million plus jobs. >> reporter: while the numbers are encouraging, analysts say we still have a long way to go. >> to get to full employment we estimate that the economy is going to have to create between 200 and 225,000 jobs per month for the next couple of years. >> but that may be difficult to achieve. the recovery is still on shaking ground with small businesses seeing a slow down in sales for the year. that is significant, because those businesses create about two thirds of new jobs. particularly hard hit has been the retail sector. despite slashing prices and opening their doors thanksgiving day, retailers posted disappointing sales in november. >> you get the vicious cir

u.s. economy. >> we see the fed having taken some very well communicated action concerning the tapering of a program and those are good signs. in addition to which we see some good numbers. >>> $1.9 billion and counting. the co-ceo of deutsche bank signals they may have to set aside more money for litigation as they settle u.s. mortgage claims. >>> after years of talking, apple clinches a deal with china mobile to sell iphones. it could increase their revenues by $10 billion. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> hello, everyone. it's almost christmas and ross westgate has already started his christmas vacation so that's great for him. i'm filling in for him this week. let's get back to one of our top stories. the imf is raising its forecast for u.s.gdp citing the budget talks to taper bond buying program. in october the imf said gdp was expected to expand 2.5% next year. while she didn't offer a new number, imf manager christine wi

u.s. economy. >>> well, the tokyo stock market showed a strong performance in 2013, rising by more than 50%. other asian markets did show volatility. the benchmark stock index, excluding japan, moving like this pretty much in a roller coaster fashion over the year. 0.4% from the start of this year. our market reporter asked for a view on the market trend on this year, as well as his outlook for 2014. >> from the beginning of this year up until now, the performance has been almost flat, and i think this is because of the uncertainty about the chinese economy and some concern in the u.s. >> reporter: the fed has decided to taper his monetary stimulus program, so how have the markets reacted to that so far? >> i can see stabilization of the market activity now. bad news has been discounted in the market, and one important point is the tapering means, the gradual economic improvement in the u.s., which is good for the asian market, especially asian market export to the u.s. so tapering's not necessary, but for asian market. >> reporter: what's your outlook for asian markets for 2014? >> i think

u.s. economy a boost but the latest beige book data is out. we will look at what else is expanding when "bottom line" on bloomberg television continues in just a moment. ♪ collects welcome back. let's show you how the equity markets finished. stocks fell for a fourth day. the longest him in 12 weeks. investors weighed economic data for clues on the timing of central banks stimulus cuts. also watching for new developments in a possible budget deal in washington. now let's get to the numbers. the market index was down two points. at the dow jones industrial average was down 24 points. the nasdaq composite was up 4038.onally at the beige book. the central bank credits housing and technology for fueling growth through november. we are joined from his office in st. petersburg florida. welcome back to "bottom line." good to see you again. >> nice to be with you. >> any surprises in the report? >> not really. i think we were focusing on what the key headline phrase was going to be. they had used this phrase, modesty oh moderate growth for the previou

u.s. economy citing the budget deal and said tapering announcement. our next guest says the u.s. onomy looks like the only game in town. during us to discuss his charles dumas. on theo have you program. thank you so much. there is so much buoyancy in the markets, so much expectation, so much hope. is there a danger that it will all crash down? >> there are risks. there are always risks. i suppose politics is the main risk. have got a kind of competitive day valuation potential in china and japan. the germans have a permanent evaluation structure in the euro whereby other people's expectations keep them competitive. china and japan are up against one another. if that flares up in any military sense, then that would be a risk. problem, u.s.e looks to grow by three percent to four percent this coming year. the stock market is likely to carry on rising. presumablyoks weak, not back into depression but week. with debt problems and the deficit emerging markets are weak. >> said taper talk and all of that. >> the measures they have already taken more than anything else are slowing them d

u.s. economy added 203,000 net new jobs. that is coming off revised figures that now prove we've added almost 200,000 new jobs a month since the summer. so far, the economy is up 2.1 million jobs this clear. 2013 is likely to be the best year for hiring since 2005. now, all those new jobs tarting to make a real dent in the unemployment rate. it fell to 7% in november, a drop of .3 from october and lowest in five years. that's great news. you know what? ignore this and focus instead on the number of jobs added every month. in this case, 203,000 jobs. i want you to pay attention to this number. labor force participation, 63%. that is bumped upward from october when participation had fallen to its lowest level in more than 35 years. people were falling out of the workforce because they couldn't find jobs or had given up trying altogether. november's reversal upward showed people coming back into the workforce instead of leavings. we see how job creation is keeping up workers coming into the workforce. this is not a trend until w

u.s. economy -- this threatens our food supply and could threaten the u.s. economy.f anis the underpinning entire agricultural system. when you pull out that underpinning, you see the collapse of an entire agricultural system. >> i think we are at the tipping point. we are one or two years away from disaster. >> evidence has grown that a new class of pesticides called charles annenberg weingarten -- be -- despiteay warning that they may be toxic to bees. this is used on nearly all american crops, including corn. the epa says there is no evidence that it is improperly used, but environmentalists disagree. but the government slowed to act, bees continue to die. >> one of every three is directly dependent on the honey bee. >> that includes a crops like apples, cherries, cucumbers, pockets. thatlso includes hay crops support the dairy and meat industries.

u.s. economy. >> those were good times. think it was probably a safer bet than say challenging a nobel prize winning physicist. >> you did okay. you got that bright idea after -- >> in my defense because a lot of you say it's not the smartest thing to challenge a nobel prize winning economist. when i went to the university of alabama, i made it through three weeks of economics 101. >> three weeks? >> then i dropped the course. >> that seems like a stretch. >> my danielle adams called the day of the interview and said does he know he's a nobel prize winner. >> we were driving over to do charlie's rose and lewis turns around and says so why are you challenging a nobel prize winner. >> here's the answer to the question. you get the idea after paul stopped by our set. >> what can we learn that truly applies to our situation. >> slashing spending when you have depressed economy is really destructive. it's counter productive in purely fiscal terms because it damages your economy, damages future tax receipts. spain doesn't have a

u.s. economies and the other advanced countries which is in comparison with the emerging country which was a focus of investment in 2013, and they will become cautious by the lak of liquidity which happened in india and indonesia. they would like to see how these countries would cope with the tapering effect of the united states. if the fundamentals of these countries would become improving, then obviously money will come back to these countries because this all-access money born by these easing policies would wide. this money will not only go into the united states but find other places which may yield higher. >>> on to the markets, the fed's move has provided some cheer to investors, lifting equities of leading economies. in europe, stocks are showing solid gains. london's footsie is up almost 1%. frankfurt's dax is up 1.4% nearly and paris's cac 40 up 1.36%. investors thought the amount of fed tapering was modest and believed in its commitment to keep rates low for a longer period of time. earlier shares in tokyo and sydney rose sharply. nikkei posted a six-year high with the help of a

u.s. economy given we produce so much now. the olympics in sochi, and world cup in brazil. if both come off without any significant bad events. >> terrorism or any type of unsettling destabling geopolitical event centered on the olympics and world cup which people will be watching. >> and it makes you feel good. >> particularly if we don't have a crises. >> thank you both. >> up next, we're "on the money" slimming and trimming cli ents is the bread and butter of the weight loss industry. how to fatten entrepreneurs wallets. >>> if you have decided to eat better and exercise more in 2014, you are not alone. you are one of more than 100 million americans likely to diet next year. crunch the numbers on that and gyms and weight loss programs and food companies stand to rake in more than $60 billion in revenue. how is the industry shaping up for next year? eric holmes is the author of "the juice generation" and a personal trainer to lone survivor, thanks for being here today. >> thank you. >> i'm one who makes a resolution. this is it. this is the year i really take control. why

u.s. economy. we think at the end of the year we post nice returns. >> you have a couple stocks you think will post nice returns in the new year. let's look at some of them, dover as the first pick. what is it that you like about that company? >> it's a continuation of a theme we've had for a couple years. you're seeing a renaissance in a number of different sectors of the u.s. economy, agriculture, manufacturing and dover behind the scenes is built into those and they will continue to be there and this is a good market for them. it's not a cheap stock but a profitable company and has, what we think, earning potential that will drive the stock price higher in the years ahead. >> like large cap multi nationals, that's a theme you're hitting and john deere is certainly one of those. what will drive it in 2014? >> deere suffered from the collapse in commodities with good harvest. yet, deere's earnings go higher and the stock is one of the most profitable in the industry and right now trading at a disc

u.s. economy. again, growth in natural gas being used in electric power, in the industrial sect or, and particularly manufacturing, although it looked in our models that there was a fairly healthy spread of natural gas conception -- consumption in the industrial sect or her across the entire group in consumption. growth in transportation and the growth in the commercials like sector. the only flat would be residential use of natural gas. one of the reasons for that is areric heat pumps becoming more efficient and taking market share. let's talk a little bit about electricity. the main point to be there is that the growth in electricity demand that we see looking out towards 2040 is still relatively low, and little bit less than one percent. you can see the left-hand side of the table from 2013 to 2040 it is .9% are year. -- per year. one of the things we have done here is shown in electricity use, that is the blue line, and the dark blue trend line along with gdp or u.s. gross to met product and th

u.s. economy. the glass ceiling at general motors broken. mary barra will become the first woman to run an automaker. she'll replace daniel actikerso. she began with the company as an intern back in 1980. >>> instagram is rolling out a private messaging service. the photo-sharing social network introduced instagram direct which allows sharing with an individual or a group instead of mass sharing. the company is owned by facebook and has 150 million members. the move is seen to catch up with snapchat. >>> and so far, december is proving to be a cold month for investor, but what will next year bring, and is washington finally out of the way? joining us is keith banks, the president of u.s. trust, and, keith, thank you for coming in. >> great to be here, becky. >> we did see a pullback so far in the marketis. is this just a breather? >> i think it's a breatherment it's the end of the year. we've had a great run in the equity marks. two things are going on. i think people are taking some profits. number two, with some of the recent economic data

u.s. economy. that is the core principle that applies wherever we are doing business. >> is our position that we have the perfect financial regulation a world wide and everybody else in the world should copy us? i fail to understand why talking with the europeans about understanding better what they want to do by that's a problem and what is the risk to the u.s. financial system -- >> we talked to the europeans and to the asian partners in the g20 and the esf bea and we learn from each other and take best practices from each other. we are very open. in the trade agreement with british sequester enough financial regulation or environmental regulation or the labour rule, is the trade agreement the appropriate place to do it? normally in a trade agreement is to lower the standards on things like that and that's something that we just think is not acceptable. >> if i can because i only have a few seconds, the chairman and i have written several letters about this and we urge you to try at the european

economy since 2000 and eight. if we see that momentum led by the u.s. to 2014, that i think is really going to be a good platform for the whole world economy. europe i'm not sure. there are a lot of challenges there. a greated states has platform to move to a higher rate of growth. >> what do you think of the china story in 2014? do you think reform led economic growth will be the case for next year? there is a lot of reform. i think the important thing never to forget is that china's economy looks like it is slowing too much, the government can provide a backstop to growth with its investment with urbanization requirements and so forth. it keeps china's growth going. bena's growth we expect to 7.25. a quarter -- 7 pr i'm not too concerned about a government shutdown. >> they can get out and about 40 minutes. i cannot let you go without asking you about that. this has done a tremendous amount for japanese confidence for consumers and businesses. seeing that combined with the fiscal stimulus, the monetary stimulus seems to be working. they have momentum b

u.s. economy would extend 2.6% next year. apple finally signing the china -- the deal with china mobile.ll be back in half an hour with more. ♪ . . >> this is "lunch money" on bloomberg television. we are also streaming live on your tablet and smartphone. today's moving pictures with video is the story. and i storm through canada. he goes back with part of the northern united states from michigan to me. more than half a million households lost electricity in 400 flights were canceled. and silent, antigovernment protesters try to plug all editions from registering from the election. the prime minister has called for elections. he is trying to defuse protests. russian punkber of riot called pussy for a boycott of the upcoming winter olympics. members have been jailed for staging a protest performance in the moscow cathedral. we're going to stay with russia for a minute. former wealthiest man is also freed from prison. he will campaign for the rights of prisoners. i do not want to be seen as a symbol for a particular situation, a knowing the fact that there are more political prisoners. i w

u.s. economy seems to be looking stronger. gdp rising, unemployment dropping panned stock market reaching dizzying heights? will 2014 be higher? not only will david ask richard fisher but we have the one of the top economic minds of the country, glenn hubbard, teen of columbia business school. >>> do employers pay more for mbas? we'll find out. despite all the promotion and all the hype it was not a legendary debut for "anchorman 2" this weekend. i saw it. i will give my critique. more importantly the box office tells all. that is next. ♪ this is th quicksilver cash back cardrom cal one. it's not the "limit the cash i earnvery month" card. it's not the "i only earn decent rewards at the gas staon" card. it the no-games, no-signing up, everyday-rewarding, kung-fu-fighting, silver-lightning-in-a-bottle, bringing-home-the-bacon cash back card. this is the quicksilver card fr capital one. unlimited 1.5% cash back on eve purchase, everywhere, every single day. so ask yourself, what's in your wallet? where does the united states get

u.s. economy you have greater and greater globalization and globalization has brought a lot of inequality to the u.s. economy now i'm not suggesting that all of the you know equality is something we have to live with some of it could have been dealt with in other ways perhaps by providing more. broad based education and skills building programs so that more americans could benefit from the new technologies and better fiscal redistribution so that we have a better safety net but but there is a natural tendency for inequality from the from the wave of technologies that the world economy has has been experiencing over the last several decades but also. that was there an author of why nation fail. now coming up while odd is the volcker verbiage venerated or vilified alexis goldstein joins us to help render a verdict after the break and who does amazon blame for stealing christmas and it's not a grand racial perseus and i discussed the verge of the first major strike against the mega retailer in today's big deal and as we had to a quick break here's a look at some of today's closing numbers fi

u.s. economy particularly around the house in the markets.re talking earlier session about the aspect around housing and house building creates demand for finishing and appliances. the key elements in our view for next year. that positive momentum in the housing market will spread out more broadly. >> if you look at the world economy, 2015, the fed started to tighten. they will start taking. your the ecb possibly using. and the bank of japan. >> it is a phenomenal environment. central banks on different levels. the fed meeting the accommodation. you have to find a way for mario keepi and his team to european rates low. we think the economy is recovering. a fragile recovery. they cannot afford to see interest rates rise. some form of further accommodation a we think is very likely in 2014. it'll be interesting with central bank moving in different directions. >> will mario draghi's job more difficult? >> we see the u.s. a rates rising. for it will be hard to stop the u.k. rates to stay where they are. european rates at the subdued levels. we w

u.s. economy but is it really what needs to happen? is the deadline for individuals to enroll implant the beginning january 1. one website appears fixed, people are fine -- people are finding out they do not qualify for subsidies and have to pay more than they are comfortable with. >> some of the states have been recording that the people who enrollingg -- you are are skewed to older, less healthy individuals. around one million people have signed up since her role it started back in october 1. the administration wants 7 million signed up by the end of the period. another issue -- the president will have to face the continued fallout from the nsa spying scandal. an independent report said the u.s. should be prohibited from collecting and storing billions of phone records. the surveillance should continue. here is the president speaking last friday. >> we need this intelligence. we can't unilaterally disarm. there are ways we can do it that gives people greater assurance that there are checks and balances, sufficient oversight. as impor

u.s. economy at the end of this year? >> we see a lot more certainty for 2014. there habgos bee has been good n by congress to eliminate the fear about the budget and reduce the sequestration. we see the fed having taken some very well communicated action concerning the tapering of the program, and those are good signs, in addition to which we see some good numbers. growth is picking up and unemployment is going down. so all of that gives us a much stronger outlook for 2014, which brings us to raising our forecast. >> so you talk about the fed tapering. what does that mean, nofor my audience that may not understand? what does that mean and what is the immediate economic effect of it? people may be worrying about what they've been doing, creating a bubble, in effect. >> what the fed has been doing is effectively buying a lot of debt, putting a lot of liquidity into the system, making it more fluid, and effectively keeping the economy going. that's what the fed has been doing. now, they said they would do that as long as the economy was, you know, low, as long as

u.s. economy.think structural issues are being dealt with, albeit not at the most quick way possible but we are seeing progression of fundamentals getting better. we have automobiles, housing, and the energy industry effectively providing great contribution to the economy. we think it flows into earnings. >> let's look at some of the factors that you just alluded to. they moved the markets higher last month and let's begin of talk of when the fed might begin winding down the monthly asset purchases. how much will the release of the november jobs report tomorrow factor into the fed's decision? >> it will certainly have a considerable weight, but i don't think it will sway as much as some might think. >> why not? willat will sway the fed likely be a slowing in auto sales, a buildup in inventory and also the fact that mortgage applications have gone down again this week. a bettergh we had initial jobless claims numbers, it's a mixed bag. >> fed officials have said that tapering would again if there we

u.s. economy is getting stronger and traders want in on that. i have been downstairs talking to traders all day. here's what they're telling me. they are telling me they finally accepted the fact that tapering is inevitable, they know it will happen, but don't expect it will happen for a good few months. here's why. yes, we got a strong jobs report. however, consumer spending is still problematic. they don't expect fourth quarter gdp to be particularly strong and they don't expect tapering to really begin until budget negotiations are firmly in the rear view mirror. they want to see certainty on capitol hill, of course. but also, they want to see consistency. you know, it's fine if you have one or two months of 200,000 job gains but you want to see consistency. i think the main focus for everyone downstairs was the unemployment rate. that coming as low as 7%, the fed has said they want to see it at 6.5%. it's going to be interesting to see whether the rally continues or whether we will start to see profit taking in the next couple weeks. >> zain

u.s. economy. >> from both the recommendations from the review group and the opinion of judge leon, a few days earlier, is that both recognized that all of this scooping up data really did not thwart any terrorist attack, because if you are looking for a needle in a hay stack, why do you want to make the hay stack bigger? i don't think it's helped, and i don't think any of these two bodies that have looked a this helped, i think it violated the rights of a number of innocent people, who were there was no probable cause or even a reasonable suspicion that hay had done anything wrong. so the scooping up that has been going on over the last 12 years has been a huge problem. just to build in another level. >> potentially, if you look at the ombudsman model that could be seen as one of the ways to approach this kind of issue. the trouble is that the ombudsman is usually a very open office, it is publicly managed and the information is unclassified for any kind of civil rights issue. in case you are talked about classified sessions in a closed court. how that advocate would function, and what t

u.s. economy. the obamacare will be a huge success and as much a part of the american life of he had care. >> incompetent of website for obamacare revealed the unbelieve incompetent of the obama administration in dealing with issue with the fairest wrap. >> let me sum it up. president obama thought that obamacare was going to sell itself once it was passed and that was at biggest mistake. >> fairest wrap is that obamacare should be delayed for a year. they prove that the gop was right. the law should have been delayed. best come back? >> the egyptian army. >> clever house speaker john boehner finally in the last days of the congressional session and rising up against the right-wing forces that they have this vote veto and hold on his party. >> secretary of state kerry. >> i think former south carolina governor sanford who i thought was lost don't appalachian trail and now is in congress. >> best wrap is the nra after the santa ana murder spree. the nra got 2 million new members. >> most original th

u.s. economy. a strong u.s. economy is good for the global economy. to the an assurance commitment to stability and the global financial landscape and ushering in an era of shared prosperity. the u.s. government has been a governancey in good and productivity. our program and the partnership newssisting in exploring frontiers to sustain economic gains. good governance is good economics. in three and a half years we have proven that, averaging growth of 6.3%, and the support of the u.s. administration, not only technical but furthering of bilateral relations is important in sustaining that. we are deeply thankful of the assistance suspended by the u.s. government to the victims of typhoon haiyan or yolanda. that globale-opener climate change is for real. excuse me. and that the impact of global climate exchange and economic development is something we must we needul of and that to work on creative solutions to .trengthen our communities we need to place climate change at the front and center of our social contract to fight poverty . for this, we stand r

u.s. economy. they're not out of the woods yet. >> john mayer, thank you for that from sp angel. >>> here is a bit of fun. the world's biggest water park has just opened in sydney. it's the latest to join the wet & wild franchise. it's our very own matt taylor checking it out. ♪ >> it's the latest to join the global wet'n wild franchise. complete with 40 attractions, they officially opened its gates to the public this week with the enviable title of the world's biggest water park. >> the more scary, most thrilling water rides in the world. we have the best technology and we've taken some of the big rides from the united states and tweaked them and made them even more exciting. >> reporter: located about 40 kilometers from the cbd, the park is hoping to take advantage of sydney's huge population. the park is expecting to generate around 500 media in turnover in the first decade and can accommodate 25 visitors a day. season park sales for this park have been fabulous. given what we've experienced in

u.s. economy. the economy is continuing to move structurally away from thing like manufacturing toward services, and so that lower percentage, i think, is part of the reason. i'm very reluck about -- reluctant to say it's small; therefore it doesn't matter because, you know, the phrase journey of 1,000 miles starts with the first step. it ultimately has to show up in gdp numbers. and i think that the modeling of this is just beginning to get underway. [inaudible] [inaudible] >> congratulations. i can't hear you. let's wait until the screen goes up. i can't hear anything but the screen going on. [laughter] [inaudible] and the other one if the issue between oil isn't the amount a little bit too mess mystic based on that assumption? >> well,let start with crude prices are selling below. we are still getting the growth in output a number of companies and analysts have tried to look at this on an individual company basis there are analysts who believe that shale oil production in general is probably con

u.s. economy, the actions and duties of the fed, much, much more.out called "the map and the territory." welcome. >> thank you very much. i'm glad to be with you. >> so the news we have now is that the u.s. economy grew the last quarter 3.6%, faster than people -- anyone really expected. and the question i have for you is so we now have a kind of experiment of sorts which is the united states has pursued ever since the financial crisis a very expansionary monetary policy. you seem as though you're uncomfortable with this level of monetary expansion that the fed is doing. >> there's no doubt that the very low long-term interest rates has had some buoying elements in the economy. the it goes beyond that because even though we have very major expansion of the balance sheets, it has not essentially spilled over in lending by commercial banks into the usual pattern that one sees when reserved go up. so why aren't banks lending more. wh what. >> first and most important to recognize, is that the level of in certainty of the long-term future is far greater

u.s. economy. and the recovery we've had especially when we look at the stock market with a 20 it plus up run-up of the dow jones. >>: i think the story that i'm trying to get that is we've been talking about it all year long and slowly seems to be realizing job growth there that should play into 2014. we need to get the 6 percent unemployment and then were happy and content. this should help to drive the market higher. >>: we are learning that katie couric been paid $6 million a year for a part- time job with yahoo. >>: 6 million a year can be on the internet. stop and think about that for a moment. this is a high paid internet celebrity which is good for all of us and the thought that maybe i have a job waiting for me they need to one in finance. if it's bad news for abc and msn b.c. and five all-star going elsewhere. if i think this is a story that benefits netflix. again as we are streaming obverses broadcasting at this point in time and i see that continuing. >>mark: a new survey showing most

u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for rl. ...that make a real difference. ♪ >> welcome back. steve rudin is with us now to talk about the weather. it is a weird weather map. 61 degrees to the south. under snow to the north. >> thunder snow in boston. snowhave six inches of outside of new york city. we lucked out on this one. if you love the snow, not so great. ahead of ourselves though. looking outside, the rain has come to an end. cloudy skies at reagan national airport. windsor out of the northwest. the winds are going to kick up as they move through the day tomorrow. 42 was our high earlier in the day. the record was 70. 34, upper northwest ec. 41 degrees. that could start to freeze up as we move through the early morning outdoors. look at the map rate temperatures, a wide range. 29 in hagerstown. ocean city, down one degree. there at 54. it is mild. they are at 61 degrees at this hour. us, colder to the north of 33 new york city. heavy snow in boston at 30 degrees. not so f

u.s. economy grows at its fastest pace since early 2012, but is the 3.6% rate as strong as it appears? why do american businesses still seem so hesitant? >> protests over pay. fast food workers strike in the biggest push yet for higher wages. they want $15 an hour. they average around $9 now. what a big raise would mean for

u.s. economy has been the most vibrant in terms of recovery. e fed has been most explicit in terms of its monetary policy was this -- looseness. u.s. equities are necessarily significantly overvalued. more importantly, there is a very interesting sector in the u.s.. we have seen dividends across the world. the tech sector is one of the major growth drivers globally and of course the u.s. is a leading power in that. some of these businesses are really quite exciting. >> you made the point earlier saying that you were surprised on the dollar side. >> it is fairly obvious that global growth and u.s. growth is still on the moderate side. we haven't seen a really vigorous recovery. the pmi in europe as well, the unemployment rates -- that said, labor participation picking up. not yet where it was three or four years ago before the crisis started. overall, it is fair to say that the key concern of central banks today is inflation expectation. despite the recovery, inflation expectations are benefiting or pointing down. >> what is your biggest concern