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Dow rocketing to their highest levels ever. it's really surprising, actually to some of the more pessimistic traders and analysts. they were predicts levels like this to come maybe during the summer time. >> when we talk about this we're not adjusting for inflation. if you adjust for inflation there have been higher dows. >> reporter: good point. in real terms we aren't at records. the records we're talking about is actually what's known as nominal terms which means the prices, they don't take into account the impact of inflation which has gone up more than 10% over the past five years. if you...

They have been spending a lot of money. one group called americans for a strong defense has already put millions into this effort. really trying to hit some senators in key states that have big defense budgets, saying they should be warned about the potential of a chuck hagel as secretary of defense. >> peter alexander at the white house for us this morning, peter, great to see you. thank you. as the president turns up the heat on the campaign for gun control, it seems the gun rights advocates are upping the ante on recruiting their target. children. joining me democratic congressman jackie ...

Tough. listen 30 years your don't touch gun control. that is sort of, a bedrock principle of politics among democrats and republicans. what he's trying to do is change 20 years of politics. it doesn't happen in two months. it might be the beginning of a debate that over time might change the trajectory of gun politics. doubtful. but a lot of conservative democrats in the last 20 years that weighed in on guns have paid a political consequence for that partly because of the nra and partly because of other gun groups and a lot of people who are hunters and own weapons they don't want the governme...

For legislation of his own. change is happening. change will happen. and no one, not the nra, not gun lobbyists, no one should substantial doubt in the way. >> those who oppose any common sense gun control or gun safety measures have a pretty effective way of ginning up fear on the part of gun owners that, somehow, the federal government's about to take all of your guns away. >> gun groups have been good at ginning up fear. they've been good at coming up with reasons why we can't act. >> what's wrong with universal background checks? >> well, i think it's a false security to think that somehow...

Bigger. i think it will be a very hard row to eliminate assault weapons and high-capacity magazines. 40% of all gun sales, there is no background check, maybe if not universal, you will see expansion to that. >> shannon: we will see what recommends out. thank you for the preview of your show. >> you bet. >> shannon: the exclusive interviews and watch "fox news sunday" right after america's news headquarters. chris and leaders of gun groups from both sides tackle the debate over the seconds amendment. you will not want to miss that. folks in beijing are not breathing easy, being told to go indo...