Or turn 30million artifacts. Into a hightech masterpiece . Whatever your business challenge, dell has the technology and services to help you solve it. Happy monday to you. Im melissa frances. Good afternoon. Im lori rothman. President obama begins his second term at the white house facing up packed agenda and divided congress. Lou dobbs and the first four years and looks ahead to critical, the critical second term agenda. Melissa if you thought washington satisfied its search to tax breaks it rich, think again. Senate democrats reportedly want even more knew taxes. Lori breaking details out of algeria after the bloody for a hostage situation at the gas plant. Hopes fading for survivors. The grim toll and the Unanswered Questions that. President obama making his career just a couple of moments ago that he is ready to do battle on the economy and that, but not at the expense of social security, medicare, and medicaid we, the people, still believe that every citizen deserves a basic measure of security and dignity. We must make the hard choices to reduce the cost of health care and the size of our deficit. But we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. Lori the president giving his second inaugural address this morning. Rich edson now joining us from washington d. C. , and that was certainly a politically partisan address we heard from the president. Reporter well, it was a defense of the political theory, awaited the u. S. Should be governed and should govern itself. I would almost characterize it as something along the lines of a response to what we heard from president reagan in 1981 when he said government is not the solution to our problems, it is the problem. President obama making the case that the government is not necessarily our problem. Together we could do great things. Together we could take care of the elderly. Together we can create a Health Care System for those who may not be able to afford it. Very much discussing ways about how there should be some in society you dont have all or should not be some in society you have all at the expense of all others. He made and not to Climate Change, something that he had not necessarily highlighted or focused on in his first demonstration. Moving forward in tackling debt and deficits, he did talk about tax reform. Talk about slowing the growth of these expenses, but still no change in his governing philosophy, if not impassioned defense of his governing philosophy. We have heard from democrats and republicans not throughout the day calling for bipartisanship, calling for working together to solve our problems. This is inauguration day, much like election day after all the votes are tallied and everyone has a mullen of togetherness, showing a willingness to work together. You still have a very divided washington and washington that is trying to wade through these problems with two very different gun and philosophies, two very different ideas on how to achieve success. Lori the president digging in. You mentioned the philosophy. This proposal being floated about. Right. This is at three day proposal. Three months proposal. Excuse me. Republicans will vote on it in a few days in the house. It has not gone completely shut down, so we may get at three month extension of the debt ceiling. Extending that three months republicans are asking that Congress Pass a budget to be taken political aim at the u. S. Senate because in the u. S. Senate they have not passed a budget in a few years. With that they get democrats on the record and the senate with a budget which is something that had been hoping to do politically. They dont have any spending cuts as part of this. Another part of this is that congress will get paid if they dont pass a budget. Is knows that argument. There will be having budget fights every few months. Something to look for too. Thank you. Melissa just attending the inauguration this morning. Lori thats right. Lets bring in lou dobbs listen to that speech this morning. The leader of this country for the previous four years. The welcome tone in many respects. In other respects it was confusing and confounding. Suggesting that somehow he talked about one thing in particular, talking about self executing troops. We dont have any of those. There were moments where he seemed to be almost perfunctory in his delivery. This is a task that he had to get through. He did, and it was a short speech, 20 minutes. It was relatively to the point. Uninspiring, without specificity in terms of direction. Inaugurals often arent, but at least there are large principals and large visions that overhang the rhetoric, whether it is clumsy or in elegant, as parts of this war, but that was absent. I felt no more certain of what the future of this country was as a result of this presence lead than before he stood atop a platform taking the oath of office for a second time. Lori we were looking at things to pull out of it to talk about, and the only thing that really stood up to me in terms of, you know, something to which Television Going forward was the sound but we played at the beginning talking about the fact that just because we have out of control deficit problems will have to be a country that its not mutually exclusive to get things under control but then to not provide for those in society who, you know, have less it was awkward in that respect because it does not take into account the consequences of the Public Policy choices that have been made. One of obviously this year we are seeing an immense number of taxes the fall all americans as a result of the expiration of the bush tax cuts, but importantly because of the new addons and higher taxes as a result of obamacare itself without providing services. So this is a confounding and difficult time. I think he made that clear. Another thing. A man who says he is a fan of Abraham Lincoln to talk about the blood by the lash and the blood by the sword, approved our history could not talk about equal rights and have the republic survive so long as part of our population was in slavery. He made it sound as if it was some sort of combustible axiom within the nation itself that that occurred rather than the conscious choice of Abraham Lincoln. And the north, to commit military resources to the nations future and fate as well as the lives of 300,000 Union Soldiers who freed the slaves. People need to remember, and this president would do the people of this country a Great Service and history and reality entered the service if he would acknowledge that 300,000 people from the north engaged in a war of the union to free the slaves. This was not an uprising by slaves. People should remember this. This was not a moment in history in which some League Leaders grew up from the south of the north. This was a process of the logical conclusion to my belief, of a nation that was divided at its inception on the issue of equal rights. And he should give great credit to every american. History acknowledges it and so should this president. In all of our public commentators should acknowledge the sacrifice of 300,000 people from the north who freed the slaves. They did not free themselves. This president should make that acknowledgement. Martin luther king jr. Day. Especially. Lori thank you, as always. Thank you. Lori you can once each and every weeknight seven and 10 00 p. M. Eastern. Special guest tonight. Republican of texas and member of the house do issue very committee on obama, the president s new Gun Legislation and what else we can expect from the president during his second term. Melissa Senate Democrats intend to approve a budget for the first time in almost four years, but senator Chuck Schumer warns, taxes are coming. Were going to do the budget this year, and its going to have revenues in it. All republican colleagues produced to that fact. Lori will republicans be receptive . Steve more of the wall street journal senior economic writer joins me on the phone. What did you think about that . Great to be with you. You know, the problem for Chuck Schumer is not so much getting republicans to get used to it. What about all those red state democrats in the senate. Those are the people that are probably hyperventilating right now over what Chuck Schumer said if you look at the l. A. Tour map, there are six, seven, or eight red state democrats that face reelection in 2014. Melissa, i dont think too many of them are relishing the idea of voting for another tax increase. I wonder whether the Chuck Schumer, harry reid budget could pass the senate, even with just democratic votes because you have so many people that are up for reelection that are going to be very reluctant to stick their necks out and vote. By the way, as you know, we just had a 600 billion tax increase in the fiscal cliff negotiations. Plus, we had 520 billion of new taxes from obamacare. This would be the third tax increase. Melissa i really hope youre right because i feel their is a tide of higher taxes. Its role in norway. It will keep all of us out to see no matter what our income bracket because it seems like before this last deal there was this notion that if republicans just gave in and went ahead with some higher taxes that then we could get down to the business of spending cuts. That was the idea that was out there. Take your medicine now and then we will get down to the business of cutting spending once we have this out of the way. Instead, it has been quite the opposite. This was just the first up. The camels nose in a tent. Now there are many more higher taxes coming. Are you sure that there are enough democrats out there that would stand in a way of this . Because i dont know. Well, we will see. You may be right that some of these democrats make all unite behind the Schumer Obama budget which calls for somewhere in the neighborhood of another trillion dollar tax increase. The point i was making his is a politically hazardous . But what is striking about the statement that Chuck Schumer made the you just played was the fact that the democrats really seemed to be on the march right now with the very liberal agenda i agree with the analysis that rich just gave about the inauguration speech. Very liberal, leftwing speech talking about collective action and the need to preserve all of these entitlement programs. You are seeing the democrats lurched a little bit to the left ear. Lets face it. The republicans are flat on their back. The keep retreating. They just retreated last week. Whether to extend the debt ceiling. Well, maybe we will extended for three months without spending cuts. I think theyre feeling their oats right now plan that was reflected by that statement by Chuck Schumer. Lori without question. Thank you so much. Love your insight. Thank you, melissa. Melissa breaking news. The death toll from the algerian gas plant seeds climbing past 80 people as more bodies are being found. U. S. Officials say that the american casualties now stand at three people. Straight to fox news with more. Well, that toll is likely to continue to increase in the coming days and maybe even weeks. Aagerian officials continue to sift through the entire debris at the tax side. Dozens of people are still unaccounted for. Officials say theyre finding dozens of mangled bodies all over the facility. It is really difficult to tell whether or not they are the bodies of hostages or the attackers. Making matters worse according to algerian officials, fears a booby traps and mines all over the gas facility. Melt the group is planning responsibility for the attack that left at least 48 of the hostages dead. That number is likely to increase. At least three americans are known to have been killed. Very little is known about this group whose name means brigade of the mast ones, but it is believed that this Extremist Group has ties to other groups throughout northern africa. No, the mass parade is promising more attacks like this one in algeria if western governments to stop military operations in mali and across northern africa. Initially Algerian Special forces and officials said that all 32 militants were killed. That has now been changed. Officials are saying that at least five, maybe six or seven are now in custody. A lot of confusing information coming out of algeria. One thing we are hearing is that algeria is saying that they will not allow Foreign Forces to secure oil and gas fields, making the potential for this type of attack all the more likely. Lori that is tough to hear. Thank you for that. Melissa the investigation into what caused the 787 to make an Emergency Landing last week now turning to the battery maker. Lori four years later the u. S. Unemployment rate is virtually the same. What needs to be done to jump start hiring. Brian hamilton, private Business Information company will join us next. The advice for the president. Twins. I didnt see them coming. I have obligations. Cute obligations, but obligations. I need to rethink the core of my portfolio. What i really need is sleep. Introducing the ishares core, Building Blocks for the heart of your portfolio. Find out why 9 out of 10 large professional investors choose ishares for their etfs. Ishares by blackrock. Call 1800ishares for a prospectus which includes investment objectives, risks, charges and expenses. Read and consider it carefully before investing. Risk includes possible loss of principal. You know it can be hard to lbreathe, and how that feels. 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And japanese officials beginning an investigation into the lithium ion batteries used. Those batteries are believed to be the cause of several mishaps. Federal Aviation Administration japanese investigators now probing the manufacture of the faulty batteries. All of the streamliners have been grounded after an overheated battery forced and on the pawn their way 787 to make an Emergency Landing. Melissa or read about jumping feetfirst into the market . Well, listen up. It is time to make a little money. Today he has some pros for investing in the market. You are making the bullish case. In the next hour i will make the cautious case. High risk. Right now the bullish case. For me it revolves around a few things. A Global Economy first and foremost. Global peace valuations. The rotation. Lori that has been the big point of debate. If were finally seeing money coming up bonds now. Well, lets just take the first couple of weeks. Last week the last tally was three nap billion. That was the biggest 12 weeks since 2000. So all the money is now pouring out of bonds. No doubt that of the three plus trillion dollars on the sidelines amid starting to come into the market. More than a decade. That right there is certainly interesting. As yields go up and that senior gets above 2 we will see what they call the cult of equities returned to read last year a lot of people. The biggest thing for me on gdp, dont think americans understand just how much money our Companies Make from growth overseas. I mean, the revenues are right now, perhaps, in the 40 . Earnings, 5560 . Absolutely amazing how much money is being made around the world. To that point we will see amazing growth in china, india and other Company Countries around the world because we are focused on america and europe. That will be an amazing, absolutely amazing driver. Lori 80 of earnings. Also, dont dismiss a global peace. Of course a couple of years ago the wrote a book about how this is the most peaceful time in the history of mankind. Getting a little more peaceful despite some of the bad news we have to deliver from time to time, and people want what we have. 7 Million People in the world, 3 billion toilets and 6 billion cell phones. People what we have. Lori thank you so much. Melissa piece out. The inaugural ceremony may be in full swing, but the president knows he has many challenges ahead. Getting people back to work. Initial Unemployment Rate is virtually unchanged to be what is the likelihood that will change and for the better . The ceo of stage works, the firm that provides research, specifically on private companies. Great to have you back on the show. Your initial survey results, the you think this year will be better than last in terms of business practices, hiring, all the things that matter test track. Really it is hard to say because for the past four years these companies are growing. The margins are good. Profits are good, but they are not hiring. Really, the last time this occurred was in the 1930s, so it is amazing to be very hard to say. Lori good and Small Business, private business get some level of clarity thanks to the fiscal clifton . Well, sort of. What you really have to look at is the context. We are sitting at a 16 trillion debt. Business people know this. Very sophisticated. The country is not able to handle its debt. So that is a big cloud that is sitting over the country, and i think all of these private companies, 27 million of them know a