the logic today is the united business. it is safe. we have a strong dollar. john: the other way to say this is that the trade is crowded. rob: there are no signs of an overheated market right now. anthony: john, you look at merrill lynch. you have a snapshot of what retail investors are doing. when you look at 2000 and you look at 2007, you' re not seeing any activity or behavior that you would say you have to be a worried -- be worried about that. people' s minds. anthony: the excessive taking of margin to buy speculative john: it is a positive for the u.s. equity markets. part 5%. right now, asp six by 5%. now it is 4%. john: half of that return is an even capital or gains. -- capital gains. jon: we are cash than ever before. you have to think of cash as the option value of cash. it is a german to stabilizer in the portfolio. there are very few bonds that are not overpriced. most yield vehicles that haven' t been damaged by dislocation are dramatically overpriced. april have been chasing yield so it is risky. buying with a yielding estimate has a price asso

unite business and labor. unite this country. that's when things happen.hen you have inclusive economics and inclusive societies. and in order to do that, you have to have more inclusive politics. so the big job of the next president is to give us those things. inclusive economics, inclusive societies, inclusive politics. and to defend the national security of the country in a way that preserves our values. that keeps big, bad things from happening and wages the battle we must in billions of minds throughout social media throughout the world for what kind of world we're going to live in. a world where what we have in common counts more or where differences count more? a world where where we just get all atomized and hunkered down in our bunkers or still got our hands outstretched. that's what i think the election is about. if you decide that, then you have to ask, who is the best person to do that job? >> hillary! [applause] here's what i think. i think at first -- i think it first because she spends a lot of time traveling around the country listening to

but we never can forget that what we have to do is unite the police in the community, unite business this country. that is when things happen. when you have inclusive economics and occlusive society. in order to do that you have to have more inclusive politics. so, the big job for the next president is to give us those things. inclusive back announcements. inclusive society, inclusive -- into protect our country in a way that protects our values. it keeps big bad things from happening, and wages the battle we must and billions of lives through social media throughout the world, for what kind of world we are going to live in. a world where what we have in common counts more or where differences come more. a world where we just get all atomizing hunker down in our bunkers where we still have our hands outstretched. that is what i think the election is about. if you decide that, then you have to ask who is the best person to do that job? [applause]. here's why think that. i think at first because she spent a lot of time traveling the country and listening to people, just like she did wh

but we never can forget that what we have to do is unite the police and the community, unite businessor, unite this country. that is when things happen, you have inclusive economics and an inclusive society, and in order to do that, have to have more inclusive politics. so the big job in the next presidency is to give us those things, inclusive economics, inclusive societies, inclusive politics, and defend the national security of the country in a way that preserves our values, that gives big, bad things from happening and wages the better we must with billions of minds to the social media kind of worldwhat we will live in, a world where ized andget all atomo hunkered down in our bunkers or whether we have our hands outstretched -- that is what i think this election is about. if you decide that you have asked, who is the best person to do that job? >> hillary! president clinton: here is why i think that. i think at first because she has spent a lifetime listening to people, just like she did when she was a senator from new york, or traveling the world when she was secretary of state.

units! stolen at the riverdale business park, off cunningham drive. 10 on your side's joe fisher was in hampton today -- and joe, i can imagine it's a huge expensive to replace these units. anita -- air conditioning professional tell me these units are upwards of one thousand bucks each to replace! at the riverdale business park --- thieves took seven of them! this business park is made up of mostly medical offices. the employees tell me they help people --- and thieves simply helped themselves --- ruining their cooling systems. hampton police say the seven units were taken sometime between last thursday and sunday night. two employees at a dental office affected tell me they noticed the damage monday morning when they returned to work. the units now almost unrecognizable. ((c403 37:25)) "i had actually mentioned to my office manager they can't continue to leave these copper will be stolen, you hear about it in the news all the time, sure enough we took a closer look, the copper is gone. everything that's salvageable to sell is gone." ((c402 35:56)) "it's a shame that you go around stealing peo

jetblue and southwest and united are back in business. it is time to clear the backlog of stranded passengers. elena: there's a major backlog here at the airport. services slowly resuming. united has very limited operations. southwest started service at 1:00 this afternoon. still seeing major problems in washington and philadelphia and new york. there only two flights that are leaving the new york city area. nothing going from here to those cities right now. airportsre continuing to dig reagan national still plowing the tarmac. we have folks stuck in cities since friday. they were exhausted by the time they landed here. >> very stressful. i have been ready to come home. elena: some other people haven't been so lucky. we have met people here at the airport or stranded. we are not seeing anything leaving for new york or philadelphia or washington. more than 600 flights have been canceled for monday. you'll want to check with your carrier if you are trying to fly heather: the number of power outages continues melting away. joel: statewide the

united. they have all had their problems. it is just a business. with united, they had extreme problems.rake: they were reliably worse. among non-discount airlines, you look all of these things, they finish year after year, bottom of the barrel. the planes are late, the backs don't show up on time. customers are upset. you look at customer satisfaction, it has been poor at united for a long time. carol: you write about someone with surreal boat -- cerebral palsy and there wasn't a wheelchair for them. david: crawling off the plane. drake: this is a guy who was a disability rights activist. unfortunately for united. he was coming on to washington, d.c. was one of these i'll wheelchairs -- aisle wheelchairs. it was because of a misunderstanding, but it is one more instance where united seems to find these ways to vividly caps off -- piss off. david: it seemed like there was a decline around the time of the merger shepherded in through by -- whose face i recognize my countless years. you sit on the plan, the ceo is talking on the plane about how they will be doing better. can you contribute

industrial sector, you see dirt moving and a $20 million project, growth of new residential units, 58 new businesses have opened up in the city of spartanburg downtown specifically. that is >>> the chamber of commerce are adding a new focus to a new year -- >> reporter: the timing is right. >> now is the time to capitalize. >> reporter: the past year was filled with big announcement -- announcements. a new hotel being built. the biggest task is overcoming the perception of spartanburg. >> perception is reality. spartanburg reception -- perception is changing. >> repoter: the chamber has hired an outside firm that for the next 10 months will taken community ideas and show exact places that the county can improve upon. >> we will figure out what is a priority over the next 1010 months, phase six will be how will we act. is brighter. anna smith, seven news. >> you can get involved in this. the chamber will hold the vision be there -- meeting for the committee on january 27th. you have to register we put a link for that on b.com. the state is ramping up reference to combat human trafficking. it is somet

unit for $5.4 billion. the move will allow to expand its business overseas. goldman reaches 5 billion-dollar settlement over mortgageback securities. by land air and now sea, amazon looks to arrange ocean freight. amazon also temporarily dropping the price for subscription service to $73 from 99 bucks just for this weekend. >> lauren: you want to know why it was 73, the 73rd golden globe awards. coming up everybody, more highlights from the great debate last night including heated debate from donald trump including ted cruz on citizenship. >> interestingly donald j. trump would be disqualified. >> but i was born here. >> on the issue of citizenship, donald -- >> big difference. >> lauren: we will tell you why this exchange stood out most with most viewers. s&p futures down 28. nasdaq down 71. you're watching fbn:am, first look at morning markets and breaking news this friday morning. ♪ ♪ >> one of the reasons that my poll numbers dropped, people thought that i probably wasn't well versed in foreign policy and what to do with domestic terror, believe me i can

unite business and labor. unite this country. that's when things happen. when you have inclusive economics and inclusive societies. and in order to do that, you have to have more inclusive politics. so the big job of the next president is to give us those things. inclusive economics, inclusive societies, inclusive politics. and to defend the national security of the country in a way that preserves our values. that keeps big, bad things from happening and wablings the battle we must in billions of minds throughout social media throughout the world for what kind of world we're going to live in. a world where what we have in common counts more or where differences count more? a world where we're just -- where we just get all atomized and hunkered down in our bunkers or still got our hands outstretched. that's what i think the election is about. if you decide that, then you have to ask, who is the best person to do that job? here's what i think. i think at first -- i think it first because she spends a lot of time traveling around the country listening to peop

. >> reporter: harry lalor was in los angeles on business. united canceled his flight to wash. >> i'm love to be with me family. probably the power is going to go out and there's nothing i can do to help them. >> reporter: in philadelphia, there was a brighter. note, sung by princeton university's glee club. they were some of the last to get out ahead of the snowstorm. there will be no flights in or out of here tomorrow in philadelphia. most u.s. airlines expect to be back at full operation by sunday, and, scott, as for the railways, amtrak will roll through the weekend, but with modified service. >> pelley: david, thank you. on the new jersey coast, storm surge conditions could be as bad as when super storm sandy tore thousands of homes apart in 2012. new jersey. >> reporter: in belmar, new jersey, bulldozers were busy this afternoon trying to shore up a mile-long sand dune built after super storm sandy. that storm caused more than $36 billion worth of damage to the state. this weekend's storm has some of the same characteristics as sandy-- coming

but we never can forget and what we have to do is unite the police in the community, united business nd labor, unite this country. that's one of the things that happens when you have inclusive economics and exclusive society and in order to do that you have to have more inclusive politics. so the big job for the next president is to give us those things, inclusive economics come inclusive society, inclusive politics and to defend the national security of the country in a way that preserves our values, that keeps big bad things from happening in wages the battle in social media throughout the world or for what kind of world we are going to live in. a world where what we have in common counts more or where differences count more, a world where we will get all atomized and hunker down in our bunkers or where we still have our hands outstretched. that is what i think the election is about. if you decide that then you have to ask well who is the best person to do that job? [applause] and here is why i think this. i think it first because she has spent a lot of time traveling this country a

united states. time now for our business news with stephen carroll. you are starting in china, where the government stepped in to prop up the stock market. stephen: market analysts are saying that the national team has resumed buying shares on the markets after yesterday's slump. indexrop at a key stock activated the new circuit breaker. on top of the -- on top of that, bankers injected nearly $20 billion in cash to the banking system, the biggest amount spent since september. the market regulators have also hinted they may extend a selling band put in place after last summer's stock market crash. concern over the removal of the controls have added to the selloff on chinese markets. let's look at how chinese shares finished the day after all of that action. by ahree main indices down quarter of 1%. smaller companies finished down 2%. the csi 300 is the key number two drops -- the csi 300 is the key number to watch, up by a quarter of 1%. bounce at the start of trading, but the market fell into negative territory in paris and frankfurt, just london see

starboard wants the company to spin off or sell some of its core business units. shares of yahoo! down fractionally for the day. they finished at $32.16. >>> the oil and gas exploration firm pioneer natural resources says it's going to write down the value of its wells by about $1 billion. however, they expect production to increase in 2016. shares of pioneer off more than 7% today to $116.15. rough day in the energy patch. >>> other energy news, consol energy cut its 2016 sales outlook and announced it will cut capital spending for the year as well. the company also lowers its coal sales expectations as commodity prices continue to drop. shares of consol fell more than 11% to $7.58. >>> and the netflix ceo, reed hastings, took the stage at the consumer electronics show in las vegas to announce a large expansion in the company's footprint. >> today i am delighted to announce that while we have been here on stage at ces, we switched netflix on in azerbaijan, in vietnam, in india, in nigeria, in poland, in russia, in saudi arabia, in singapore, in south korea, in turkey, in indonesi

deputies say shawn bowers admitted to stripping copper from 2 a/c units at a lugoff business on highway one. it happened on christmas eve. and deputies say surveillance video and receipts from bowers selling the material to a scrap yard helped them i-d their suspect. he was eventually found in his truck near the lake wateree dam. bowers remains in jail awaiting a bond hearing. several inmates at the lee correctional institution were injured last night as fists flew during a fight. the department of corrections says the disturbance involved one half of a housing unit at the prison. 5 inmates had to receive medical treatment...but are okay. no officers or staff members were hurt. right now, the f-b-i is looking for a woman behind a multi state series of jewelry store robberies including in north carolina this week. agents say a woman with a pistol held up a jared's employees' hands before stealing several pieces of jewelry. investigators think the woman has been involved in a number of jewelry store robberies last year including in bluffton, south carolina, tennessee, florida, and georgia

the world was doing business in south africa, the united states was doing business with south africa. a lot of people said it was the help of blacks which we all know was not true. it was bogus. it took leadership from the united states. and by the way, the united is enough. we're going to stand with the south african people not with the apartheid process in that regime. and ultimately that was one of the cat lists to have change in south africa. so what you are seeing is very strong bipartisan sport in congress. to keep sanctions until thr basic conditions are met amount of law-- release the political prisoners, allow for basic freedoms, freedom of press, political p party, labor unions and start the process. >> so before the november 2016 elections, you don't think, i don't think, anybody believes there is going to be lifting the embargo, any major congress is not going to move on these issues. >> let mee not talk about polls. let me talk about actual votes. we had two votes, this congress. on the house floor. and there was stronger support, bipartisan support to increase sanctions

the bank saw mixed performance across the four business units. loan growth, and lower growth in investment banks and outflows in asset management. >> the offense wasn't great, but we'll take flat revenues in environments like this. lower expenses, lower assets. >> it did spend more than $1 billion to cover loans that could go bad. that was a lower amount than analysts expected, but only about a tenth of that total went to cover companies in the oil, gas, metals and mining sector as the price of aisle and other commodities keep sinks, it makes the company and their debts harder to tame. asked jamie dimon whether a year from now he would look back and realized they had underestimated that problem. >> we try to be very conservative always, so we're not trying to put up as littl as possible. you know me, i would put up more if i can't, but accounting ruls dictate what you can do. the real risk is produces flows, surprisingly the cost to get the oil out of the ground has also dropped dramatically. >> that optimism aside, investors have been selling fi

a dozen nonprofit co-op insurers are out of business, and united health says they may stop selling exchange plans next year. >> people are reconfiguring their products. what we're going to know next >> a budget deal delay could help with prices in 2017. but the real key is getting more healthy people to stay enrolled. >> i'm paying a little per month for the peace of mind so my jewish mother can sleep at night. >> the penalty of not haves insurance goes up to $695 or 2.5% of your income, whatever is higher. >>> continuing our obama care check up, let's bring in dr. kenneth davis. he is the president and ceo of the mount sinai health system. what is the truth? we have seen news about rising premiums, higher deductibles, is obama care working or not? >> reality is what you showed. the premiums are going up, deductibles are higher, and that is a problem. pool. it is not enough healthy people have signed up, and that is because the penalties were not enough. they rise enough, perhaps, that more healthy young people, those ages 25 to 35 will join. they diminish the cost of insurance by distribut

business you can do. so the financing opens the door for a flood of sales and pressures the united states, in terms of the chamber of commerce, and u.s. businesses pushing for a list, and the cubans, and said, you know, u.s. embargo is the sole reason for the economic woes in cuba, and these changes start to underline that argument. argument. >> this is the way business is normally done. does it make it a logical step for president obama to choose to do this now? >> it does. when you look at what obama is doing at this point. he's legacy shopping. we saw what happened with the iran deal. the historic reproachment that we come across here. the white house made it clear he's eyeing a drip. there's pressure on u.s. lawmakers and the government increasing the chance of that happening. late in 2016, if this is the year that the president makes a trip to cuba, we haven't seen that since the 1920s. >> i have a feeling you'll be in havana, reporting along the way. thank you, appreciate it. that is our show for today. velshi. thanks for joining us. have a great night everybody. >> we're here to fully get into the

management unit rose 50% in the quart but the company's operating earnings from its main united health care insurance businessere cut nearly in half. shares of united health ended the day up 3% to $112.58. bank of america posted its best full year profit in nearly a decade. thanks in part to a better than expected quarter lit earnings report. the second largest bank in the country was helped by a drop in legal costs. bank of america said that revenue growth remains though challenging. shares of b & a were off about 1.5% to 14.24. and shares of morgan stanley rose after the bank beat analyst targets. the company said it cut 1200 jobs in its fixed income and commodity you the units last month as part of a plan to reduce a billion dollars in costs by 2017. morgan stanley rose about 1% to 2626. >> and sharon, another activist has taken a stake in macy's. green light captain's david einhorn disclosed a position in the company and said it could be a takeover target and wants the retailer to unlock the value of its real estate. macy's has been under pressure from another firm starboard value to spin off real estate

a dozen nonprofit co-op insurers are out of business, and united health says they may stop >> people are reconfiguring their products. what we're going to know next year is what works and what doesn't. >> a budget deal delay could help with prices in 2017. but the real key is getting more healthy people to stay enrolled. >> i'm paying a little per month for the peace of mind so my jewish mother can sleep at night. >> the penalty of not haves insurance goes up to $695 or 2.5% of your income, whatever is higher. >>> continuing our obama care check up, let's bring in dr. kenneth davis. he is the president and ceo of the mount sinai health system. what is the truth? we have seen news about rising premiums, higher deductibles, is obama care working or not? the premiums are going up, deductibles are higher, and that is a problem. insurers are leaving the risk pool. it is not enough healthy people have signed up, and that is because the penalties were not enough. they rise enough, perhaps, that more healthy young people, those ages 25 to 35 will join. they diminish the cost of insurance by