Run again for president until the end of 2014. The conventional wisdom has been another texan, ted cruz, has stolen your thunder. Hope ted and i are working towards the same goal, which is to make washington less consequential in peoples lives evolve the power back to the state. I believe with all my heart that the state is the laboratory of innovation. You think being in a being a governor for two and a better position for senator cruz . I think that is a question better for other people to answer. Being the governor of texas, you have to do with issues. You dont have the opportunity to push them off or have a cr or what have you. A have a balance budget but minute. I think that is a good thing. I was the u. S. Had that restriction. He has not had that opportunity . He has chosen to go his row. He is serving a great role in the senate. Let me ask about the primary in texas. ,t appears that the tea party the more rightwing challengers, did not do very well. I am not sure that i have analyzed that election well enough. I know the people of texas have a lot of really good choices in the republican primary. There are lots of good conservative individuals that did not make it to the top of the heap. Some great there are candidates that will be serving in texas. This is not a turn away from the right . Going to be a is fabulous governor. He has proven himself day and, day out, a committed conservative. I think texas is as steady as you go. Chris christie also got a pretty good reception at seatac cpac. Toyou think he is applicable most movements . I think he is doing a great job of governing his stay. That is the beauty of these 50 laboratories of innovation. Chris gives a great speech, fires people up, leading the rga. I am not sure that it matters that present. He came to texas and raised money for rga and flew well. Pick any of us against each other at this point in time is i would not do that. Healthy for the republican governors association. Edwardas been said that snowden is more of a whistleblower than a criminal. Do you agree . Rules,ink we have regulations, and laws in this country that mr. Snowden broke. If washington dc or the nsa are breaking some of those laws, then we need to go after them. From my perspective, and i dont know all the details, but we have rules and regulations and we cannot have people passing out information that could do damage to our military, could damage our intelligence gathering. There are people in this world that want to do really bad harm to the United States and making all that Information Available the way snowden apparently did is against the law. I would suggest to you that he is more a criminal that he is a whistleblower. Do you worry that ron pauls libertarianism maybe too much for the Republican Party . I hopebertarianism that libertarians as they pick and choose between the parties would, as reagan did, i rather have people around me that i support 80 of the time rather than 20 of the time. Libertarians are going to be substantially more comfortable with republican theory and concepts than they are the democrats. One issue is demo immigration. With the energy boom in mexico, it may be that the immigration issue subsides. You were attacked harshly by governor romney last time you ran for president. Has that changed your view . It has not. I think governor romney made some statements that were harmful to him, to the Republican Party, to americans who have come here, gone through the process, they have become american citizens, but they still relate to the individuals who have come here who may not be legally any paid a price for that. Do you think republicans are getting back more . I think republicans are wisely going to address the issue of immigration. The first thing that has to happen is you have to secure the border. This administration has sent signal after signal that they are not interested in securing the border. Up until that border listen, i am a border governor. I understand that. The president of the United States is not interested in securing the border. If he were, the troops would be on the border. The technology would be in place. The focus would be there. It is not there. After that, would you consider a pathway to citizenship . There is one now. You wouldnt change that . Not at all and i dont think you have to. I willll be this suggest you substantial numbers of people that have come here because they were alert youre in search of a job. Our government has basically said that this is not just democrat and republicans, but for 30 years they have said come over here, wink and nod, dont worry about it. We dont need you. And then, no, were going to round them up in sonoma. The house killed an immigration bill that the Senate Passed with bipartisan support. You dont think of the House Republicans do that that it will hurt the party . I dont think the American People are really paying attention to anything other than you need to secure that border first. That is the most important thing to them. Passing an immigration bill with a border that can basically be a revolving door people understand that. Secure the border first and then we can have a conversation about whether or not again, i go back to come out, and i think i have a fairly good handle on. His when the Mexican Energy industry starts booming, mexicans that are here illegally will go back home to better jobs, to their hometowns, and at that point in time i think washington needs to be having a real discussion about how do we address our immigration issue to get the workers that were going to need in this country to address the job shortage that is going to be in a lot of these industries of agriculture and hospitality and construction . Ted nugent recently called president obama a mongrel. I said that he should apologize, which he did. You think it was racist . Not at all. As a matter of fact, i dont think it was as racist as what president clinton said to ted kennedy trying to get him to help his wife in the 2008 election when he said, ted, a few years back, this guy was carrying her bags. Think that i dont. I dont. Governor perry, thank you so much. We come back, well talk to Jeffrey Goldberg about his interview. Unease continues in ukraine as president obama threatens more sanctions on russia. For that, we bring in Jeffrey Goldberg. But start with your exclusive interview with barack obama. This is the fifth or sixth in a continuum. What changes have you seen in him, either in substance or style . World,oreign policy, the basically, i think that he has become much more confident and aboutin the way he talks his issues. I think he feels he has issued mastered the subject. When he was in the senate in 2007, it was more talking pointish at that stage. He feels he has a real mastery and he feels as if he has a long view that he is hovering above. That leads me to what he was trying to achieve. You are the most distinguished columnist on this subject. Obama was clearly trying to send netanyahu. O benjamin did he succeed . There is a fantastic passiveaggressive thing going on. Kerry has been trying for months his strategy is very sound. He looks at netanyahu. He thinks, this is the only guy that can make peace, who can bring 70 of the israeli public with him. I have to figure out what is bothering him and work his issues down one by one. This has created an impression among the palestinians that kerry is functioning at netanyahus enabler. I think over, whether it was cooked up or not, did something in this interview. He kind of said, im still putting the heat on netanyahu also. Its also, lets put him under a little pressure. As i wait of signaling to the palestinian leader, who will be in washington next week, that ive got your back, too, in a way. The question is and when netanyahus bochum spoke netanyahu before aipac he was praising obama. Guy he kerry, what a went on for a minute or two. Obama, when i talk to them a week ago, talked about the benefits of peace and the benefit of a two state for israel. You will open up a gateway to the wider muslim world. It will the great for your economy and politics if you take the steps. Netanyahu talked about that issue. It was almost as if he was echoing what the president was saying. It was like he was selling the idea. You mentioned kerry a minute ago. What is the obamakerry relationship . Only they know that for sure. Theres something funny. One of the lines about the class. Is that obama is disengaged from the middle east press. They talkm how much to kerry. They consoled almost every week but they get a status report at lunch or something. He said this line, and if you followed obama it you know he is a ride guy. Guyonsult often a wry andhe says we consult often he occasionally takes direction. And i took it as a little bit of a little bit of a there. A little deadpan. One of the things that seems is the charges that he is weak. Syria is the prime example. The bug him does that bug him . Yes, because he will come back to the i took out ben upped bin laden and the troops in afghanistan and invaded libya, so he does not like that line. Sort ofhim the question, the obvious question, syria. If you could roll the clock back three years, would you if you could do it over again, would you provide more support to the rebels and he gave in example a very elaborate answer of why not. Thatid, i know things people do not about the quality and status of the rebellion at the time and im not going to get america sucked into another war. He is faced with the dilemma of ukraine. The limits ofs american power. It is not even in the same basket of issues when you are talking about syria and iran on one hand and rush on the other. If russia wants to do something in its backyard, it will. Same level of impunity that we do things in our backyard. Im not equating the United States and russia in any way because this was egregious. That said, this is russia. It is a nuclear power. We are not going to have a no fly zone over crimea. Is most interesting question , is this criticism obama, if we wouldve spent stronger, you would not have done this. Really . Say,mir putin was going to president obama fired missiles in damascus so i will not take what is mine. Jeffrey goldberg, thank you. It was a fabulous interview. All was good to have you on. We will talk about the february jobs report. Welcome back. We will get tomorrow we will get to Margaret Carlson in a moment. First, the february jobs report. We are joined by julianna goldman. Went up a bit, but a lot of jobs were created. 175,000 jobs. Better than expected. Ease anxiety at about the weaker data from previous months. There might be a spring in the step of the jobs market right now. Construction jobs are up. We do not have a discernible impact on the expiration of the unemployment benefit and that may take some of the steam out of the push to get them in place again. In the middle of everything this week, president obama released his budget, 3. 9 trillion. That used to be a big deal. It almost didnt happen. It was the middle of the night. The tree falls in the woods and no one is there to hear. Didnt happen . 3. 9 trillion budget. The reason it didnt get much play because it is basically dead on arrival. It is a wish list of democratic priorities. The president to some of the entitlement reforms off the table and that is because in a Midterm Election year, the demographics, the voting age is skewed higher so they dont want to make Social Security and medicare flashpoints in this election year. Might haveat momentum is the expansion of the earned income tax credit. That is for lowincome families who do not have children. That is something that republicans like paul ryan could get on board with. The flashpoint there is to pay what how to pay for. He wants to close a loophole. The president does not have especially Close Relationships with Congressional Democrats but is promising to go out. Reflect a worry that they really could lose the senate and have a nightmarish few years . There is. There are no rosecolored glasses going into the Midterm Election. The president was in virginia this week. He was in boston, fundraising. He told donors that we do great in president ial cycles but we do a little sleepy when it comes to the midterms. They can raise a ton of money and they can help and understand the specific needs of candidates in specific states and then began to set the National Message which we saw in the budget blueprint this week. , seven democrats joined the republicans, rejected obamas nominee for the civil rights division. Was this a careless nomination or was there demagoguery . It points to how poor the president s relationship is with enaterats, with s democrats and congress in general. The president was making calls this week. The chief of staff calls, Vice President joe biden was making calls. They miscalculated what they were up against with police unions, with officer faltereds widow he was the officer who was shot. Part of the defense in the latter years. Red state democrats who are facing vulnerable, tough reelection. There is some fingerpointing with harry reids office. They really miscalculated this one. Thank you. Margaret, megan, let me turn to you. Going to says we are reform welfare. It is not working and i have a bunch of new ideas. This is an over political document from paul ryan. Cut taxes ons to the rich but he also wants to punish the poor. The poor are to blame for their situation and medicaid and food stamps make them lazy and not want to work. He has almost no evidence he has no evidence for this and he cites social science that does not support his view. This is where the Republican Party is. There are no compassionate conservatives love. Megan, your compassionate. Im not sure im a conservative. There is evidence of these traps at various levels with poverty that at some level you are losing benefits because the phaseouts for means testing and then people have negative incentive to work. I think what is interesting about this document is that it point you arethis seeing a switch right now with republicans being the party of ideas looking to actually put proposals out there while democrats are defending the status quo. Anything that exists is a good program, anything the republicans want to do is bad and i think i will be the dynamic in 2016. Literature to hillary clinton, who said this week, drew a parallel between what putin did and what hitler did in the 1930s. Was that smart to say . When large powers start invading smaller neighbors, the comparisons in europe tend to be obvious and are going to get made. Obviously, this is russia. It will not be pleased about this. They fought germany in that war and it is still a local a political flashpoint in this. But i think you have to say this is not business as usual and something that is not acceptable in the 21st century. How you know that hillary is running for president is that you walk that back the next day. She made a mitt romney mistake. She was at a private event, but no mistakes are private no events are private. There and there is some point to be made, you should always stay away from the holocaust and hitler as a comparison. I agree. Putin is a thug, but there are some things you just do not mention. Thank you so much for being with us today. Thank you for watching. We will see you again next week. This is taking stock for friday, march 7, 2014. I am pimm fox. We start with jobs. Employers added more workers than expected in the month of february. The Labor Department saw an ad of 100 and 75,000 jobs. Ben bernanke was speaking in an Energy Conference today where he said the u. S. Economy should continue to recover. World wrestling entertainment may have a new cable tv home for its smack down program. The new partner could be announced as soon as the end of next month and they are in talks with multiple parties including amc, time warner, viacom, and 21th century fox. A renewal with Nbc Universal is also possible. Those are some of the headlines at this hour. I did not see you in the crowd there. Maybe i did. Tomorrow is International Womens day and Stephanie Ruhle and Erik Schatzker talked about getting support for women. It is important to bring as many people in the corporate space and the outside world into this concept of the global womans movement. What we discovered was that our summit is such a catalyst. Anyone who is on the stage meets someone who could change their life. Val ackerman told me how working directly for former nba commissioner david stern enabled her to become the founding president of the wnba and she serves as commissioner of the big east athletic conference. I was lucky to work with david stern. Recently retired commissioner, for many years. An extraordinary leader who really gets the credit for believing that there could be a way for the nba to support Womens Basketball. Beginning in the early 1990s, we began to put some things together to allow that to happen. We were supporting the womens olympic team that played in the Barcelona Olympics to lay the groundwork and then wnba springing out of that launched in 1997. We played in the summertime. We were built around nba infrastructure and we were able to capitalize on the great growing interest in Womens Basketball at the College Level at that time. So the link took off. 18 years going into the summer. It will have been played. A very exciting experience and having played the mens basketball myself it was really exciting to be part of that venture. Can you contrast your feeling about women in sports and their opportunities now with when you were growing up . The contrast is stark. When i was growing up they were very few opportunities for girls and women to play sports. That was something that was really still on the horizon. There were not so many women working in sports. When i started at the nba as a staff lawyer there were not very many women to look up to. All of my mentors in the business were men. Very capable ones, i might add, but there was not the kind of depth that you see now as for women working at all levels of the business. It sounds like many of the threads you have been part of in your life have come together in this current position of being the head of the big east conference. Tell us about that. I would cite that i was a student athlete myself many years ago. So for me that experience was very transformative. The ability to represent your school, to play sports, to be part of a team, to learn the time management skills you need to juggle being a student athlete with being a student. Theyre all lessons i have carried to this day and i believe in that experience as a component of higher education. To be in a position to be facilitating those opportunities for other students is very exciting. The other personal part is i happen to know the founder of the big east conference in 1979. He was like david stern and an extraordinary leader. He brought that leak into being at a time when television and College Sports were coming together. Now for me to have the opportunity to lead the league that theyve started is a tremendous honor. Tell us more about the agreement with fox sports in how television money, particularly, has maybe change the way you have to do with running a conference like this. To change the way all conferences have approached their business and their affiliations. Our group of schools came together last year in large part because the opportunity to enter into a longterm agreement with fox sports presented itself and assured a revenue stream that was very important to their future. You fit the pieces together. It was perfect timing. Fox was looking to launch a National Sports cable channel. That launched in 90 million homes back in august. Our schools were looking to come together as a new league and the timing could not have been better. We have a 12year deal with fox. It provides for wide coverage of big east sporting events. Mostly mens basketball but Womens Basketball and other sports as well. Fox is going to be televising many of our conference championship events, not just basketball but other sports. They are promoting our conference heavily and have been a terrific partner. You follow the money a little bit and you know that one of the controversies recently has been whether College Athletes should be paid. Wanting to get your reaction to that. It is a complicated answer. It is good that you have a law degree. You need it for this. There are title ix issues and there are state law issues in some cases. My general view is that for nonrevenueproducing sports, that is most of college athletics. Sports like the one i played on Womens Basketball back in the day or field hockey or track and field or others, they do not produce revenue. The athletes are getting their education paid for. In some cases, completely. It would not have happened any other way. You would not be able to go to virginia. Probably not. It would have made it necessary to get that scholarship. For those sports, it is difficult to make the connection to being a salaried employee and having that opportunity. For other sports that do produce revenues i do think there requires a lot more thought to think about how those pieces fit together. I will say that many smart folks are at work trying to figure out how student athletes can get a better range of benefits than they are getting now in part because of the tremendous revenues that are infusing into the system and i believe that will happen. You are hearing more about the cost of attendance and the kind of things that are not allowed to be covered under existing rules i will foresee that will be paid out and then i think it will go a long way to a lengthy things that exist. Student unions now may stand for other things and i am wondering what your reaction is to this burgeoning movement. If we had had others that were there to counsel us about how to make the most out of that experience or if there were those that could tell us how to make it a better experience in terms of taking advantage of everything that was available to us, it might have been useful and we might have gotten more out of it. I am not sure like i needed to be paid anything. I feel like i had a pretty good deal when i was at uva. Getting everything that i got out of that experience. We will see what unfolds. My thanks to big east commissioner val ackerman. Next, we will take a look at one company that could benefit from marijuanas acceptance. That is next on taking stock. Next week the Colorado Department of revenue is due to report how much tax was paid on marijuana sales in the month of january. That is the first full month of recreational sales in the United States. One company that could benefit from nationwide marijuana acceptance is terra tech. They manufacture the equipment they say is necessary to grow marijuana on a large scale. Joining me now is derek peterson. What makes your greenhouses different . Thanks for having us on. If you look at Cannabis Cultivation on a National Scale right now, you will see that generally, it takes place in industrial settings. They are utilizing warehouse space, controlled and garment, high intensity lighting, supplemental airflows, and those types of things. We do not think that is scalable. That model works when youre getting 6,000 or 7,000 a pound. Fast forward into the future, you cannot have bills that are 200,000 a month. We field the future of farming especially in cannabis is going to be done inside of commercial scale dutch hydroponic style greenhouses using the energy from Mother Nature or the sun in combination with other technologies. One thing we say is technology and nature in perfect harmony and that is a primary example of our direction over the long haul. What kind of Square Footage are you talking about with these installations . I will give you an example. We launched a five acre facility out of belvidere, new jersey. Along the delaware water gap. Amazing hydroponic equipment on the inside. Using these automated tables for cultivating produce. We grow a line called Edible Garden that is sold through major retailers throughout new york and midwest and working into florida with a new 10 acre farm that we did in agreement with down there. We are excited about the prospects of having the ability to plan a different seed. Youre not a farmer by background. I was under the impression that you had a career at Morgan Stanley and you met someone who was doing 16 million worth of business with medical marijuana and you decided this was for you. Yeah, when i saw the economics, it was not rocket science. This was something that was getting off the ground. This was in 2009. There has been a huge shift versus where we started out. We were in a pretty heavy legal environment. We had melinda hage shutting down dispensaries and a handful of us stayed and fought through that. Here we are today with more states beginning to legalize, you had massachusetts that issued 20 permits. Now you have the federal government being eric holder and the Obama Administration talking about things like banking. It is becoming more of a supportive environment for Companies Like terra tech to expand our Business Model and get a little bit more aggressive in the light of the relaxed enforcement. You know about supply and demand. You are talking about marijuana that sells for 6,000 or 8,000 a pound . I just got back from touring a handful of shops in denver and they just passed recreational and there is a shortage of recreational cannabis. Not that there is a difference in how it is cultivated but there is a difference on how it is license and shifts to retail. Theyre getting between 5,000 and 8,000 a pound. Wholesale is 50 . Around the country, youre looking at maybe 20 less than the numbers i quoted you. The reason i bring that up is that you make the point that if this becomes a largescale farming operation, do you expect that the price will drop considerably from where it is now . I do not think so. Just because i do not feel like the industry and the environment is geared up to handle the type of volume that could exist on full mass recreation legalization. I believe that is where we are headed. I do not know if that is five years or 10 years. We are taking the opportunity to build infrastructure. It would be irresponsible if we know that and left these ormant. Ies torment di which is why we are building around the country and cultivating produce and trying to provide a locally grown product for sale in supermarkets. We will complement that with hopefully cannabis and things like industrial hemp. Thank you for joining me, derek peterson, the president of terra tech. You will meet the businessman behind sxsw. The news again the marketing coming next. The sxsw festival begins in austin, texas. We have the details on what everybody will be talking about this weekend. Heading down to austin for sxsw, not going but still curious . Here are three things everyone will be talking about. There is a paradox. Everyone loves coming down to austin. The city has been pushing back. Last year the police shut down , the pandora party. If things continue this way we are getting post to your the in close to yogi berra territory. No one will go because it is too crowded. This year there are more sessions discussing the role of women in tech than ever before. 17 of them. After leaning in and analyzing Marissa Mayers every move, it is natural this would become a huge topic. We are in the second phase of the women and tech issues. First is recognizing there are not enough women and the second is to talk about it a lot and the third will be when it is not an issue, just a reality. It is almost too obvious to bring this up. The 19 billion purchase by facebook of whatsapp will have people speculating. Messaging has been a big deal. Popularity is no indication of future earnings. Otherwise we would be sitting around talking about groupme and beluga. We have more news about sxsw. Lady gaga will perform there. The city initially denied her hold a conference concert on the state shaped like a giant doritos vending machine. They were concerned about safety. It was moved to a larger location. The show will go on. I want to bring in jon cohen of cornerstone. He has already got his ticket. Thank you for being here. How many times have you been to sxsw . This will be my 22nd time. My first was 1994. I missed it once for my daughters birth. I have been there quite a bit and i have seen the growth. It is an amazing phenomenon. Any idea of how many people went when you first attended and what the estimate is . It was in the thousands when it started. It started as a place for the record industry to learn about upandcoming emerging talent. It has grown to cover everything from sports to Digital Media and it is still quite a bit about music. The growth has been incredible. Tell us about the growth of this action that exists between brands and those celebrities and performers in the music world because that is also something that you are working on. Our agency is rooted in helping brands create campaigns and platforms and connect to consumers through music. What we have seen over the years when we started the company is musicians cannot rely on the same fundamentals to market their music just through Record Companies or traditional means. They need traditional help. Brands in a different media world rely on culture to make a connection to the consumer so they can help each other out. What we have noticed is bands are more willing to partner and use the relationship with brands to add to the exposure and create more content. Maybe get free doritos. That is interesting. I like to see that she is using that relationship to further her charity. She is taking advantage to push that agenda forward. I do think at some point the corporate tieups need to resonate from a pure place and it has to you have to make sure it is about the music. As long as they let her fans in and they get to experience her music it will be a win for everyone. Sxsw has always been about emerging talent. When these superstar acts come in they come at the expense of people getting to see what is next and what is coming . Tell us about rick ross. Rick ross is an incredible rapper. We gave him his first cover. He will be back to headline next week. We had him two years ago and he is coming down with his full band. The guy is an amazing celebrity. He should have his own bloomberg show. You guys should consider that. We will see what he is going to say. Who is on the line up . Fader has given its coverage to kanye west, the strokes, the white stripes. David albarn, and wiz khalifa. 12 djs. You are packed and ready to go . Yes. Jon cohen of cornerstone agency. Thanks for taking stock