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These who are immigrants who deserve a path to citizenship. stick around. the rapid response panel is next. im hamptom pearson with your cnc market wrap. the dow ends in the red. the dow drop 1/02. the s&p drops 6 points. it expects world economy to grow at a 2.8% rate this year down from 3.2% it had predicted at the start of 2014. demand for mortgages jumped. interest rates actually rose slightly to 4.34%. thats it from cnbc. first in business worldwide.

Million people, 4.7 million people, thats how many americans made more than $200,000 in 2011. thats adjusted gross income or agi, everything from salary to stocks, minus your deductions. that means about 3.2% of tax filers are solidly upper middle class or higher. "cnn money" decided to find out what it takes to be rich, looking at traits shared by some of the worlds wealthiest. here are some of the top seven, some you would expect -- always on the clock, extreme confidence. others maybe not so ...

But michelle retired those jeans quite a while back. >> is he talking about mom jeans? thats your morning dish of scrambled politics. someone who doesnt wear mom jeans is kevin, reporter for the hill. >> good morning. happy friday. >> happy friday to you. federal employees owe $3.3 billion in back taxes and that includes 4.9% of all house employees and 3.2% of senate workers. what kind of message is washington sending to the american public with this kind of record? >> not a good message. and of...

A few ranches and little houses that people have built up here, about the last probably five or ten years. so there is a lot more stuff to hit out here than there used to be. it is not out of the question that something could get hit. this used to be in the middle of nowhere, but not so much anymore. to the east, bennett o-- >> hold on for a minute, storm, i want chad to weigh in, as well. were getting multiple reports, chad, in this area outside of denver. not far from the denver international ...

Its not like he needs to scare anybody. he can get in. east ukraine cant fight with him? >> no. they dont have the forces to fight with obama. theres no military solution to this. what hes doing, judge, hes posturing, hes putting all of his power here. when he picks up the phone, hes going to talk to obama about these lines of communication. what he wants to do is hes going to have a conversation with obama on the line and say, look, ill stand these guys down if you you protect my lines of commu...

Its not like he needs to scare anybody. he can get in. east ukraine cant fight with him? >> no. they dont have the forces to fight with obama. theres no military solution to this. what hes doing, judge, hes posturing, hes putting all of his power here. when he picks up the phone, hes going to talk to obama about these lines of communication. what he wants to do is hes going to have a conversation with obama on the line and say, look, ill stand these guys down if you you protect my lines of commu...

Down from the previous estimate of 3.2%. the lower number reflects slower consumer spending than initially estimated and, martha, as you said earlier today, thats a big adjustment. martha: huge adjustment, you see a couple of tenths of a percent, but not like that. and new outrage today after harry reid accused americans of lying about their experiences with obamacare. >> theres plenty of horror stories being told, all of them are untrue, but theyre being told all over america. martha: all of th...

The perfect actor to play jesus. "newsroom" continues now. good morning, im carol costello. thanks so much for joining me. wall street looking to start the day in the red. markets trading lower at the open after a worst than expected report on the gdp. the opening bell just rang so stocks still up just bathe. alison kosik is in new york following this. >> reporter: we found out gdp took a big hit in the last three months of last year. economic growth was actually revised down to a 2.4% annual ...

S&p 500 records were made the dow and s&p up around 4% and nasdaq adding 5.2 percent. the gains might describe the real state of the economy. there are concerns that growth stalled out after a new government report is showing the economy expanded at 2.4 last year and that is down from 3.2%. growth is held back by stopped consumer spending. a lot of people are blaming the bad weather keeping us indoors. but as the snow melts, some are hopefully the growth will rebound. the federal reserve chair s...

This just in to cnn. the american economy is losing steam in a report that was just released the government says the gross domestic product the gdp was whittled down to 2.4% in the last quarter. alison kosik is following that story for us from new york. tell us more. >> reporter: it was expected that this number was going to come in lousy and doesnt mean this is good news. one analyst says with economic growth in the fourth quarter being revised from 3.2%, that annual rate to a 2.4% pace is just...