last bubble burst, consumers were on it and confidence had started to fall and the stock market took until october to realize. consumers have it right. cheap prices and money is raising stock prices but making consumirs poor. steve, these are the data points. retail sales are lowest in nibe months and consumer confidence is down. who has it right? the market hit for the 14th time it hit a record. the market has it right. you can have a good market in a economy. it is not good. company corporate earnings are up and they haven t paid it out in dividends and you have a peculliar situation. dividends are higher than bond yield and so the market is not a bull market only because of the dollars going down in value. you can have both. but in real terms the market is also punked. you wonder if the blue sky crowd is too much in control. companies like the gap, you know, banana republic all saying, we are not seeing the retailers. some in government said we had a bad winter or ea
0 more . the reason why the market went up this week. the people know that the crazy tax proposals will not pass. get the government out of the way and the american people do the job. tamne you want to weigh in, it is the exact opposite. recession are a cleansing mechanism and how you remove the bad things from the economy. we haven t seen a real market rally. people talk abouting the stock market and how much higher stocks would be if the feds were not intervening in the economy . proping up the failed ideas of yesterday. go ahead morgan. it is interesting. when you look at investors they don t believe in a stock market rally. a great quote from investor jim rogers. give me a million and i will optimism and that is what is called the fourth multiplier in the. one of the reasons why consumers are not confident. we have had huge increase of taxes under president obama . that s why the companies are not investing. they are increasing productivity and one of the reasons stock
right. so let s go out to molly and review where we re at in day two of the libya no-fly zone, do anything we can to stop them from flying kind of war sort of. you re in washington with latest. what is the latest? good morning, brian, steve and alisyn. no word this morning in the libyan leader was at home at the time but a senior coalition official tells fox that british submarines filed two missiles at muammar qaddafi s compound in tripoli because it had military significance. it knocked down half of the round three story building considered to be qaddafi s presidential compound. still, both the brits and the u.s. military leaders say qaddafi is not the target of this mission. this is not about going going after qaddafi himself or attacking him at this particular point in time. it s about achieving these narrow and relatively limited objectives so that he stops killing his people and so humanitarian support can be provided. still, certainly it is sys m symbolic to
day of reckoning. protesters surged into tahrir square. will they march to the presidential palace today to take mubarak out? we ll be live in cairo. plus, what does the u.s. want in a post mubarak egypt and what will it get? and numbers just in. a big drop in the unemployment rate. down to 9%, but the economy actually added fewer jobs than it has in the last four months. another perplexing jobs report. good morning, everyone. it s friday, february 4th, 2011. huge weather impact appears on to be the jobs report. it s after 4:00 in cairo, where tens of thousands of people have filled liberation square for what they re calling president mubarak s day of departure. these are almost all antigovernment protesters. some pro mubarak supporters have been seen nearby, but there s been no violence so far. the white house stepping up talks with egyptian officials about forming some sort of a caretaker government once mubarak is gone. mubarak said last night, he is fed up being preside