becoming apparent in philippines. the death toll is likely to rise in the next few days. the typhoon smashed in to the philippines friday, packing winds of nearly 200 miles per hour. experts believe it could be the strongest typhoon to make landfall in recorded history. the central philippines felt the brunt of the storm. communities were ripped apart, as the strong winds flung vehicles about and tore down buildings. 15-foot high waves from a storm surge flooded coastal towns and villages. landslides and trees blocked roads, hampering the relief effort. there is still no communication and it s difficult to find out what has happened on some islands. the worst area is the coastal city that was engulfed by a storm surge. the aviation officials say the flight crew reported bodies on the street. the roads are still blocked leading from the local airport in to taklaban and the only way in is by helicopter. united nations disaster team said it s a scene of devastation. the head of the team said he hasn t seen a similar scale of destruction since indian ocean tsunami. 1,000 people died in this one city. military is making relief flight to the hardest hit area but are not clear the scale of the de station. the typhoon is now moving across the south china sea and is expected to hit central vietnam on sunday. 170,000 troops are mobilized there and massive evacuation of over 200,000 people from the coast is now underway. vietnam has been hammered by two recent typhoons. we still have two months to go in the season. the images are incredible. thank you. well, from bad to worse. let s go to meteorologist janice dean who says another storm on the way to the devastated region. more torrential downpours are expected. unfortunately, taking a look at the storm. we have a storm that is going to form in the next couple of days to take a similar path to the super typhoon. there we are right there. the sustained winds upon landfall are 195 miles per hour. we think would make it the strongest typhoon, supertyphoon tropical cyclone on record to make landfall at that strength. so as david mentioned it s moving toward vietnam and we think it will hug the coast in the next several days. i will weaken which is good news. but as uma mentioned we have another storm forecast model predicting will go along the same path the super typhoon haiyan. there is the path. watch what happens. there is haiyan right there. we look at the global forecast modeling and you can see another storm forming. it will not be the strong typhoon that we saw hitting this area in the last several days but it s still going to cause some problems for an already very vulnerable area. especially just a rainstorm is going to cause problems for this area. i will follow along the same path. so this is something we re going to have to monitor carefully. if you want to make a comparison at the strongest, katrina 165 miles per hour sustained winds. haiyan 1ed 95-mile-per-hour sus haiyan, 195-mile-per-hour sustained winds. i could be the strongest storm to make landfall in recorded history. back to you. thank you for update. well, despite intense negotiations there is still no agreement on a possible deal to curb iran nuclear program. the world waits as the international talks continue for a third day now. jennifer griffin is watching the latest development. it seems talks in geneva hit a snag, according to the french foreign minister who has been the most forthright and blunt about the problems in achieving a satisfactory interim deal. secretary of state john kerry abruptly changed the schedule to fly to geneva and the talks entered unexpected third day, hopes were raised that a deal might be close. then the reality set in. the tone coming from leaders involved in the meetings began to change. we haven t done the deal yet. we haven t made the deal yet. everybody will have to comment on it if and when we [ inaudible ] make the adjustments about it then. i would ask everyone to be patient and to wait for us to arrive at that conclusion, if we can. a big if. it seems now there are some roadblocks being introduced by the iranian side. they want sanctions lifted in immediately on their oil and banking sectors. the most effective of the sanks architecture. not clear whether the iranians would be satisfied with the west s proposal for a one-time infusion of $50 billion in cash that was frozen in european banks when the sanctions went in effect. then there is issue of the plutonium-producing reactor. according to those near the talks the iranian negotiators are resisting western demand to suspend work at the reactor which is expected to go online next year. it s not clear that the iranians will agree to western demands to downgrade its stockpile of higher enriched urianum. the stockpile 20% can be turned to the weapons grade uranium for a bomb. these are central issues. the iranians have 440 pounds of the higher enriched uranium. just 100 pounds more and the iranians will have enough material for a single nuclear warhead. time is of the essence. yet the talks in geneva which looked so promising when the u.s. secretary of state and others made their way to switz land grind on. switzerland grind on. thank you. they pay nothing because they are not reducing in any way the nuclear enrichment capability. so iran got the deal of the century. and the international community got a bad deal. this is a very bad deal. well, as jennifer pointed throughout is no official deal just yet but israeli prime minister benjamin netanyahu is wasting no time strongly opposing even the possibility of a nuclear agreement between six major world powers led by the u.s. and iran. he is not alone. with many skeptics in the international community warning that any deal could ease crippling sanctions against iran must come with a guarantee that iran must be stripped of the technology to make nuclear weapons. bottom line, can iran be trusted? joining us now, middle east expert and senior fellow at the hoover institution. welcome, great to have you here today. thank you very much, uma. all along, irain denied it s working on a nuclear weapon and it won t submit to any plan to totally eliminate nuclear program. what has happened right now to give western powers confidence or any hope that iran may be willing to curb the expansion of the nuclear activity? well, it s illusion of the obama administration that the iran is ready to make a deal and make an honest deal. my take on it if you like obamacare, you ll love this deal with iran. the fact of the matter is iran is hell-bent on acquiring a nuclear weapon. iran is hell-bent at the same time on lifting the sanctions. the truth is, of course, the sanctions once you lift them, once you begin to lift them, you can t roll them back. i think it s a bad deal. i think the reason we don t have this bad deal yet is because the french were the ones who called halt to negotiations. is the west naive to think some of the sanctions that hurt iran s economy lifted this tehran could be trusted to abide by any deal to stop the enrichment of uranium or eliminate the nuclear program? uma, if you go back to the beginning of the obama administration, if you go to 2009, president obama has been consistent. he has sought a deal with iran. he has sought to accommodate iran. he believed iran s good intention in region. i think if you look at what jennifer in her story before was talking, a the irainians have a heavy water reactor. it produces plutonium, which is one way for the bomb, opposed to uranium enrichment, which is another way. they have iraq and the facilities are off the table. i think they understood the need of the president in august, the need of the president who flubbed the syria story and in a desperate need of a deal. let me ask you. we heard from benjamin netanyahu reacting to word of a possible deal. what impact would this have on the relationship with israel if the western powers reach some kind of an accord with iran? look at what we are pursuing in this deal with iran. we are pursuing deal with iran and doing good business with russians. but we are antagonizing the allies, israel and saudi arabia. these are two pivotal allies in the region. jordan and the united arab emirates. we re romancing the rogue and forgetting about the allies. we should never go in the negotiation with iran far ahead of saudis and israelis. stakes remain quite high. i know you will keep a close watch on the development as they continue in geneva. thank you for joining us today. thank you for having me. turning to the continuing concerns over the problem plaguing the obamacare roll out. news that the head of the house oversight committee wants to hear under oath from the man in charge of that flawed website that produced nothing but headaches for most of the folks who are trying to log on. congressman darrell issa is issuing a subpoena to president obama top technology advisor todd park. issa wants park to testify before committee next week. the white house says park is willing to testify, but must continue to focus on fixing that website. even though it s a small percentage of folks who may be disadvantaged it means a lot to them. it s scary to them. and i am sorry that they, you know, are finding themselveses in this situation, based on assurances they got from me. so far we know that one in 4 million americans have been dropped from the healthcare plans due to the new regulations set in place by obamacare. the numbers are expected to get higher. a the president apologizes this week to those who never expected to lose their coverage, thousands remain upset over the president s broken promise if you like your healthcare plan, you could keep it. laurie and curtis mulholland love their healthcare plan and are shocked to learn they will be drop and the costs costs will double from what they are paying and look ahead to $6,000 deductible for services they say they don t want or need. welcome. thank you for joining us. laurie, let me begin with you. did the president s apology make any difference to you at all? or do you feel betrayed? i feel like there was not a sincere apology. i feel as though he used the word the we find the people that are canceled are finding themselves in this position. he put us in this position. they knew this they were going to have to cancel all of these policies. otherwise this law, we would not be able to fund obamacare. curtis, as i understand it, because your options are far more expensive than before, you may opt to have no coverage at all at this point? it s going to i m not sure what we re going to do. we may just pay the penalty and save the money, put it in an account and use it for the medical care. but yeah, i m not sure what we re going to do. you are not alone. a lot of americans are facing some tough choices right now. lorie, as you try to figure out what to do, how difficult do you find the unchartered waters as part of the haste maze? how has it impacted your life in a way you never counted on? we felt like we had a choice about our healthcare. and we could decide what we wanted to opt in to and what we wanted to opt out of. the feeling now we re forced in to things we don t need and we don t want and we can t afford. it s nearly $40 a month us. with a high it s nearly $400 a month for us. with higher deductible. i want to show you the cancellation let they re you received. and one that must have shocked you. well, we got it pretty early, too. i think it was september 27 we got the letter. i got a lot of time to do a lot of research. i have called anthem, we are with anthem currently. we like that plan. it works for us. they re actually a really good insurance company. and i have done tons of research. i ve gone on cover california. on covered california it s $1,017. so our plans goes from $536 a month to $905. a big jump. i have a few second left. how does it affect your feelings about the government and the leadership right now in america? it s i m really discouraged. you know, we were supposed to be able to keep our plan if we likedded our plan. it s not happening. it s total lie. lorie and curtis, thank you for sharing your story with us. we wish you the best. i know it s a difficult road ahead. i hope you keep us posted. thank you very much. thank you. well, we are taking the conversation now to twitter to see how you feel about the continuing roadblocks and the big-time challenges folks are experiencing with obamacare. do you think all the problems tied to the obamacare roll-out can get worked out by the end of november as the white house is promising? or will there be no choice but to delay operations until next year? tweet us your answers. @uma pemmaraju. new information in the biker brawl on camera. indictments have been handed out. now the undercover police officer who is with the bikers learn what is ahead for him. a live report coming your way next. plus, lieutenant colonel oliver north joining us live with his take on the ongoing talks over iran s nuclear future. and just before veterans day, he is sharing his inspiring story from his new book american heroes on the home front. the heart of heroes. stand by for that. it s very special. we re also sharing some of your special memories with the veterans in your life. tweet your pictures to us. post them on the facebook page. we ll showcase them during our program. this is the quicksilver cash back card from capil one. it s not the limit the cash i earnvery month card. it s not the i only earn decent rewards at the gas station card. it s the no-games, no-signing up, everyday-rewarding, kung-fu-fighting, silver-lightning-in-a-bottle, bringing-home-the-bacon cash back card. this is the quicksilver card from capital one. unlimited 1.5% cash back on eve purchase, everywhere, every single day. so ask yourself, what s in your wallet? ugh! actually progresso s soup has pretty bold flavor. i love 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[ male announcer ] progresso. surprisingly bold flavor for a heart healthy soup. welcome back, everybody. the latest on a story that created a fire storm of outrage. assault charges facing 11 bikers indicted because of a high profile attack on new york city highway. caught on tape in september. the video shows the motorcyclists surrounding suv. we re joined now from new york with more on this. brian? hi, uma, a grand jury in new york found that there is enough evidence to move forward with officially charging ten bikers and an undercover cop for the roles in the attack against the suv driver. the video went viral. after driving on the henry hudson parkway with his wife and young toddler when he was surrounded by a swarm of motorcyclists. that s when the police say he bumped a biker that had slowed in front of his vehicle. concern for his safety, ran over one of the bikers critically injuring him. that s when the biker group followed him, attacked the suv. dragged him out of the vehicle. and beat him. as his family looked on. according to the 14-count indictment, ten of the 11 bikers have been charged with gang assault in the first degree. all of the bikers face charges of assault, coercion and rioting. christopher cruz is facing criminal mischief charges for slowing down his bike initially triggering the whole incident. regional chant is the bike they re slammed his helmet in the suv and charged with criminal possession of a weapon and criminal mischief. robert sims the man that first tried to open the suv door is facing charges of criminal possession of a weapon. as for the undercover mypd detective, he was charged with gap assault. criminal mischief, riot among other counts. he was off-duty at the time but police say he participated in the attack, shattering the suv s back window. we reached out to the d.a. s office and they declined to comment. if con convicted they face decades in jail. thank you for the update. we have new developments in that case involving a foxnews.com reporter fighting for right to protect her sources. reporter janna wenter is heading to new york courtroom on tuesday to hope to protect the stories. she broke a story tied to a gunman who went on a shooting rampage last year inside aurora, colorado, movie theater and she learned that homes sent psychiatrist a notebook detailing the plan. and court is trying to force winter to testify on her reporting of the shooting investigation. if she is asked to reveal her sources, and she doesn t, she could be facing jailtime. winter is hoping a new york court of appeals will rule that new york law protecting journalists also protects her of having to go to colorado. well coming up, we have decorated combat marine lieutenant colonel oliver north joining us live on the weekend before veterans day. he will give us a reaction about a possible deal with iran and he will tell us more about the inspirational new best-seller american heroes on the home front. it showcases stories of the brave heroes who have been on the front lines. stay with us. 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[ female announcer ] stay strong, stay active with boost. man: [ laughs ] those look like baby steps now. but they were some pretty good moves. and the best move of all? having the right partner at my side. it s so much better that way. [ male announcer ] take the next step. consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pay expenses that medicare doesn t cover and lets you choose or keep any doctor who accepts medicare patients. call or go online and request your free decision guide. use this guide to help you choose from a range of aarp medicare supplement insurance plans. have the right partner at your side. consider an aarp medicare supplement insurance plan. go long. welcome back, everybody. well, here are the stories making news right now in our fox news flash. more than 1,000 people have died in the philippines after a powerful and devastated typhoon sweeps through the region. assessing the damage is difficult at this time. since most of the communication network have been wiped out by the storm. american military forces and u.n. teams are helping out with the recovery effort as another powerful storm approaches. it s day three of the international talks in geneva to try and reach an agreement to possibly curb iran s nuclear program. and in exchange, ease sanctions. leaders from six nations are in negotiations at the time. the verdict is guilty for utah doctor convicted of drugging his wife and drowning her in a bathtub. prosecutors argued that the motive was the desire to be with his mistress for whom he had a 15-month affair. the olympic torch found its way to space. two russian cosmonauts will take the olympic torch on the first spacewalk this week. the same torch that will light the flame at the opening of the 2014 winter olympic games in russia. a quick look at the top stories making news right now. more now on iran. and the intense talks that continue today in geneva over a possible deal to curb iran nuclear ambitions. western diplomats including secretary of state john kerry are pushing for a deal that could ease sanctions if iran stopped enriching uranium to produce nuclear weapons. conor powell has reaction from israel where the mood there remaps quite tense. connor? uma, for the past 15 years, prime minister benjamin netanyahu led the fight to shut down iran nuclear program. but as talks between the international community in iran have intensified, netanyahu is lashing out at those negotiations. insisting that any agreement to lift iran s sanctions before iran is stripped of the nuclear, the ability to produce nuclear weapons would be a bad deal. netanyahu has issued four very strongly-worded statements in 24 hour. condemning any type of inner room sanction. it highlights the growing gap between the israeli leaders who want to prevent any deal and the international community who want to prevent a military confrontation. with iran. israel is not oblined by this obliged by the agreement. they will do everything they need to do to defend itself and defend the security of its people. iran, of course, denies any interest in developing nuclear weapons saying that the atomic program is for peaceful, civilian purposes and when asked about netanyahu s comments the white house said any critique of a deal is premature because there is no agreement. it does appear the international community is far from a deal. netanyahu is angry about the talks and where they might be leading. now president obama and netanyahu did speak yesterday. the relationship between the two men have long been frosty. this process, the negotiations between the united states and the international community in iran will test the relationship going forward. uma? it will indeed. conor, thank you very much. go live to former marine colonel oliver north. welcome. greet have you here. good to be with you. his report is dead on, as you probably note. the problem of course is not just israel. the problem is the so-called nonproliferation regime that this administration purports to support. the difficulty here is netanyahu was right when he said reagan s policy was trust but verify. our policy with iran ought to be distrust and verify. nothing is set in place to make sure that the iranians remove any of their minutes of what we have seen from the meeting in geneva. so let me ask you, is it naive to believe that iran can be trusted to honor any agreement that will curb the nuclear ambitions? is that just folly? i think it is folly. i think netanyahu and the saudis are understandably very distressed about this. it would not be at all surprising in the aftermath of whatever comes out of geneva to see the saudis proceed with their open development of nuclear weapons. that is just the opposite of what we wanted for that part of the world and what has been the policy now for the better part of 40 years. the difficulty, though he talks softer was once the european negotiator. he lied then. what is to say he s not lying now? as the sanctions begin to go away what leverage is there to keep iran motivated to stop enriching uranium need forward bomb? couldn t it do it in secret anyway? some of the sanctions have been softened and it s a way to look good for iran to capture some of the $50 billion it s been frozen in the assets elsewhere around the world. sanctions is what they want lifted. the difficulty is tracking what they do with it afterwards. the development process for intercontinental ballistic missile delivery systems and nuclear weapons with yeonpyeong, north korea. north korea is the wildman in this. they were involved in building the reactor that israelis took out in syria and they were involved in all kind of icbm testing. of course, we don t know how much money iranians are putting in the north korean system if they agree we won t do it in iran, what is to say they won t do it in north korea. a big unknown. now i want to shift gears to get to a project that has been close to your heart. you released a new book american heroes on the home front. you profile the amazing men and women from battlefield to home front and show us why they re inspirations to us all. why was this important to document stories? make sure i have this right side up. the marine bah at thion in 2006 through iraq and we battalion in 2006 through iraq. and we kept telling story on the home front. it got home and betsy said you never understood what we were going through at home. she had been a marine wife for better part of quarter over of a century. she was right. i wanted to tell more of the story. the stories in the book are about the real american heroes. those that fox has allowed me to keep company with for 12 years. the real heroes are not just wearing the flak jackets and helmet and flight suits. some of the heros are the mates, the family, loved ones at home who also made enormous sacrifice. this book coming out at veterans day recognizing the extraordinary sacrifice, dedication, commitment and the love that helps them recover is important for all americans to understand, not just those no who have been there and done that. leave it to betsy to make it clear to you in terms of what also is important. folks back home who sacrifice a great deal with the loved ones or overseas. indeed. the rest of the service gave us unprecedented access. there are images in this book that are much more graphic than we would put on the air at fox news. i have never shown the face in all the thousands of reports of a wounded or dead american. i m not going to start on television now. but those graphic images in this book were put there because they wanted it there. and, of course, it s pretty bold. but it also shows the extraordinary lengths to which they have come in recovering rehabilitation. one last point, none of these men or women in this book want sympathy. they re not looking for pity. they don t want to be treated as victims. what they want is a good productive job so they can take care of their families. unfortunately, the unemployment rate for veterans of this war is double that of the national average for their peer group. they are true heroes. courageous, one and all. we thank them for their service and we thank you for bringing their stories to us in your new book. thank you so much for joining us today, sir. always good to see you. uma, greet be with you. thank you. thank you. well, america s toughest sheriff is making sure his inmates honor veterans this weekend. we ll tell you all about his creative punishment and why some think it may be a violation of the constitution. plus, it s outraging some folks. tom cruise compares his job to fighting in afghanistan. we ll explain. plus, the latest on crack-smoking, binge-drinking toronto mayor rob ford. all that and more coming your way next. . . . . . welcome back, everybody. the latest on the recovery effort underway in the philippines at this hour polling the devastating typhoon to hit the region. the red cross is estimating the death toll is at 1200 and expected to go higher. residents are preparing for more to reasonnial rain as well. american military personnel are heading to that region to help out. team from the united nations joining in assessing the damage. the death toll could take time to figure out because the storm swept through a number of remote areas and it could take week to restore communication to the nation. toronto mayor rob ford could head to rehab. the admitted crack cocaine user apologized for a rant. despite the call for resignation, ford says he is not stepping down and in fact plans to run again. ford s lawyer says the mayor is now considering his options, meaning he could go in to rehab. well, it s been 50 years since the assassination of president john f. kennedy. and still, so many questions remain. november 22, 1963. the day begins with an excited welcome for president kennedy, outside his fort worth, texas, hotel. in nearby dallas, oswald is going to work with a hidden rifle. he kept it in ruth a michael payne garage. it looked like camping equipment. i never occurred to mike there might be a gun. it s 8:45 central time. in less than four hours, president kennedy will be dead. and we ask you not to miss hemingway s bill hemmer special. tough on crime, arizona prisoners have been warned not to mess with the flag details. find out what america s toughest sheriff has in store if they do. and tom cruise caught in a controversy yet again. this time, he explains how acting is like fighting in afghanistan. here is a hint: it has nothing to do with his mission impossible stunt. stay with us. ho ho ho [ female announcer ] at 100 calories, not all food choices add up. some are giant. some not so giant. when managing your weight, bigger is always better. ho ho ho green giant [announcer].if you think the best bed for one of you might be a compromise for the other one. 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[woman]don t touch my side! welcome back. sheriff joe arpaio is at it again. in time for veterans day he s making the jail patriotic. putting the u.s. flag stickers around the jail. the inmates who mess with the stickers will find the sheriff messing with their food. steve from kfaz has more. any inmate ripping or defacing the miles per hour flag stickers is looking at what the sheriff calls a bread and water diet. it s a punishment for bad behavior. disgusting by all accounts, including the sheriff s. i tell you. it doesn t meet my criteria. we visited the area where the worst inmates are housed. sure enough, the flags met with some resistance. this is a flag displayed in the cell. where a special management corrupt of the jail. inmate in a cell like this one has been repeatedly tearing down a decal like that. as a result of this che is on a bread and water diet until next january 26. ten inmates currently slapped with what the sheriff news release calls a bread and water penalty for defacing the flag. the civil liberties union says we re looking in the constitutionality if prisoners can be punished for defiling the flags which would be considered public property. the sheriff says he is promoting patriotism. plain and simple. is this a publicity stunt? well, everything i do is a publicity stunt. no, it s not a publicity stunt. yet in a way it is. i don t run a c.i.a. secret organization. the public should know that i put flags on. not just flags. there will be patriotic musing, too music, too. god bless america and national anthem will be ringing out over the public address system. he says for all inmates regardless of the national origin to hear a sing along. that report from steve kraft. the flags won t be the only patriotic thing. god bless america and the national anthem will ring out over the public address system as well. so is national anthem will be ringing out all over the public address system as well. is being away from your family while starring in an action movie as tough as being a soldier in afghanistan? tom cruise seems to think so. according to court documents obtained by the new york daily news, he says, quote, that s what it feels like. it s brutal. cruise s attorney says the actor s words are being taken out of context. one of the stories that leaked out of cruise s deposition in his $50 million libel lawsuit against a magazine publisher who ran a story saying cruise abandoned his young daughter suri after his divorce. some of you on twitter have strong feelings about cruise s comparison to being a soldier on the battlefield. a grip, a hero of anything he will never be. mike says, just more dribble from another resident of the bowlful of fruits, nuts and flakes. shifting gears now to this very touching photo of pope francis embracing a man suffering from a rare disease which has now gone viral. as it shows the pope kissing and blessing the man who is dealing with a disease that has left him disfigured. this photo has many people comparing pope francis to his namesake, st. francis of assisi who was known for his devotion and love for the sick and poor of the world. up next, we re going to bring you the story of a wonderful organization that s helping military families unite with their wounded warriors. and introduce you to one of those families who benefits from their efforts in the process. stay with us. this is the quicksilver cash back card from capital one. it s not the fumbling around with rotating categories card. it s not the etting blindsided by limits card. it s the no-game-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i ll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one. unlimited 1.5% cash back on every purchase, everywhere, every single day. so let me ask you. at s in your wallet? it s hard to describe, because you have a numbness, but yet you have the pain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point i knew i had to do something. once i started taking the lyrica the pain started subsiding. [ male announcer ] it s known that diabetes damages nerves. lyrica is fda approved to treat diabetic nerve pain. lyrica is not for everyone. it may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior. or swelling, trouble breathing, rash, hives, blisters, changes in eyesight including blurry vision, muscle pain with fever, tired feeling, or skin sores from diabetes. common side effects are dizziness, sleepiness, weight gain and swelling of hands, legs and feet. don drink alcohol while taking lyrica. don t drive or use machinery until you know how lyrica affects you. those who have had a drug or alcohol problem may be more likely to misuse lyrica. ask your doctor about lyrica today. it s specific treatment for diabetic nerve pain. say a prayer for peace for so many of our nation s wounded warriors, coming home means spending months, even years, away from loved ones. making it even more difficult for our heroes to heal from their emotional scars. one organization has made it possible for men and women to reunite with their families as they recover. he has led a mission for funds to provide for families to travel in and out of u.s. military hospitals and rehab centers. joining us, the switch direexec director, along with a family whose son christian was injured two years ago and is still recovering at walter reid in maryland. welcome to all of you. thank you for joining us. let me begin with you by saying, first, what happens to be christian s birthday. he is now 30, as i understand, happy birthday to christian. he stepped on an ied and lost both his legs. i know it s been very difficult for you and your family. yes, ma am, it has been a long tough road. we get lots of good help from organizations like luke s wings and we re so appreciative because of all the difference in the world. i m sure the fact that he has his family around hip has made him has given him hope and inspiration as he heals. he s doing great. he s peacing his life back together. with the support of family, friends, organizations like luke s wings keeping us together, he s moving along just fine. they make the best of it. they adapt and overcome. with the holidays coming up, you re kicking off a very special effort to let families know that there is a way to try to get them to be reunited with their loved ones. it s a very special campaign for christmas. tell us more about it. every veterans day to christmas day we launch our no soldier spends christmas alone campaign. that s just because we are desperate to know that our wounded warriors are not alone on christmas morning. and we do that by launching our campaign to reunite as many wounded warriors as possible so they re not a lone in the hospital. the dark moments are a little bit lighter. and we do that by our collective 2013 holiday ornament. for a $50 donation, help reunite a wounded warrior on christmas morning with their family. i know you have a special surprise for our guest today. even though they ve been in the program for a while, you wanted to present them with a very special christmas present. we ve known christian and lynn and j.r. for almost two years now and they know we re with christian until he s home for good but i wanted to let lynn and j.r. know that we want to fly your family on christmas morning, where are you want to be. i know you re a family of eight and that s a tough spot to be in on christmas morning. so, lynn, you know we re there for you, and we just want to make sure you guys are wherever you want to be on christmas morning. if that means walter reed or christian coming home to tennessee, it is our commitment you will be together on christmas morning, all eight of you? i m sure you re thrilled. yes, ma am, that means a lot, and, you know, we know we can always count on them. they ve been there the whole way. we know they re going to be there the rest of the way with us. thank all of you for being with us. give our best to christian. thank him for his service. he s a true american hero. that s going to do it for me, folks. kelly wright and jamie colby are standing by in new york to take it over. sunday, chris wallace talks to chris christie, what he has to say about 2016. check your local listings. thanks so much for watching. make it a great day. hello, i m kelly wright. a brand-new hour inside america s news headquarters. i m jamie colby. great to be with you, happy saturday. i want to give you an update on a devastating story. there are more than 1,000 people who are estimated to be dead right now in what could be the worst typhoon in history. where this is happening and where it could hit next. plus, secretary of state john kerry and other world powers are split on a possible deal to reduce iran s nuclear capability. the latest
(male announcer) this is the bay area news station, kron 4 news starts now. catherine: the man wanted in connection with an indecent exposure case in menlo park. may have struck again. police are releasing this composite sketch. they say the man approached three elementary school girls. frightening them as they headed to class. new at 11 kron four s philippe djegal explains what happened reporter: at around eight o clock monday morning. the menlo park police say the three girls were walking along this sidewalk on the 12-hundred block of almanor avenue. they were headed to school, when police say this man pulled up alongside them in a white van. and, asked if they knew the janitor at their school. belle haven elementary school. the girls ignored the man not responding. then continued onto school, which just so happens to be across the street. the girls told school administrators what happened. police were called, but the man got away, leaving some students on edge. i immediately told my mom and she said to be careful and to kn to not go out in the street and a stay close to the teachers. i was really scared because i felt what if this had been happening to other people? reporter: police are increasing patrols in the area, especially around school. in this case, police say the firls did the right thing by reporting the incident immediately. in menlo park, philippe djegal, kron four news. last month, a man matching the same description frightened a young girl just a few blocks away from belle haven. police say he exposed himself to the girl on that occasion. tonight catholics around the world are celebrating a new pope. thousands gathered in st. peter s square, to see history made. cardinal jorge bergo-leeo of argentina was chosen.he s now known as pope francis. erin mclaughlin has more on the 76 year old. reporter: catholics around the world, especially in latin america, are celebrating the selection of the new pope. for me it s a big surprise, so emotional. cardinal jorge bergoglio of argentina is now pope francis, the first pope from outside europe in modern history. the duty of the conclave was to appoint a bishop of rome, it seems to me my brothers cardinals have chose one who is from far away but here i am. massive crowds gathered in st. peter s square, to see history made. the new spiritual leader of one-point-two billion catholics world wide is described as down-to-earth he s a very humble person, everybody in argentina knows that, he doesn t use car, he use the metro, he doesn t like to call himself monsenor, your excellence, his eminence. 115 catholic cardinals from around the world formed the secretive conclave electing the successor to benedict the 16th. after the fifth ballot, white smoke billowed from the chimney on the sistine chapel, signifying to all the world, a new pope has been chosen. kron 4 talked with some bay area catholics - to find out what they think about the new latin american pope. very content. really happy at last. and he is latin. i was really excited to hear that he is a latin and i am one half colombians. that brought a lot of emotion the selection from south america. the region for the church and south america in general. and on the larger oroszko the center of gravity is moving inf south in the catholic church is recognizing that. catherine: that was professor harley shaiken of the center for latin american studies at u-c berkeley. he says the tie to latin america is important here in the u-s since the latino population is growing rapidly. and what s in a name? the pope s decision to call himself francis seems to be a very symbolic move. he s the first pope to take the name. which comes from two saints. one is saint francis of assisi who gave up his wealth and dedicated his life to helping the poor. he saw his calling as an effort to rebuild the church. and then there was francis xavier, a spaniard who was a founding figure of the jesuit order. the same one to which the pope belongs. the vatican says francis will celebrate his first mass as pope in the sistine chapel tomorrow. catherine: extra police will patrol an east bay high school for the rest of the week. that s after someone wrote a threat to shoot students. the disturbing message was found tuesday on the wall of a girls bathroom at foothill high school. officials think it was written by one of the female students. the message says it says i hate everyone at this school. watch me shoot everyone on march 14th. to watch that if they are going to make a threat we are going to be here. we want here to be here for the students extra police will patrol on and around the campus. school officials say the message may be a cry for help. they want the person who wrote it to come forward. anyone with information can contact police.and remain anonymous. former defense secretary leon panetta says the army should release court- martial records on a former soldier. who shot and killed two santa cruz police officers. february 26-th, jeremy goulet shot and killed police detective sergeant butch baker and detective elizabeth butler. it happened when they came to his house to investigate a misdemeanor sexual assault. goulet was later killed in a shoot-out with authorities. he was accused of rape in 2006 - and was honorably discharged in early 2007. panetta says the case underscores the military s tendency to look the other way in sexual assault cases. catherine: a dangerous chemical left over from the semi-conductor business 30 years ago it s known to cause cancer and birth defects. people in mountain view - who live along evendale avenue got notices today. a warning from the e-p-a. it says the toxic substance could be under their homes. that discovery was made after recent testing. since the chemical has been found, residents are not using groundwater. reporter: it was a nice day health care if jacqueline: 40 s and 50 s. still mild for the inland valleys. the visibility is sharply reduced. and a notice that it is flying everywhere else. this the same picture just 24 hours ago it was a- fine ever were also it will be mild and at several locations but cooler. noticeably cooler. more on that and the rainfall, coming up. there are going to be to area parents to-bay area appearance. have and also what is washing up on this 60 ft. sailboat with no owners. and a breast cancer study. this sell bot sets about s sailboat.. is causing concern for the coast guard with possible fuel on board. it shudra my coming up later she coming up later the warriors, you were going to want to see the latest from miami and also the latest from the 49ers trade. jacqueline: it was warm [ male announcer ] fact: the 100% electric nissan leaf. is more fun than ever. sees better than ever. charges faster. and will charge. cool. and heat. from your phone. fact: leaf never needs gas. ever. good for the world. built in america. now, leaf s an easier choice than ever. shop at choosenissan.com. growing up, we didn t have u-verse. we couldn t record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad was recording his dumb show then, by george, that s all we watched. and we liked it! today s kids got it so good. [ male announcer ] call to get u-verse tv starting at $19 a month for 2 years with qualifying bundles. rethink possible. in san francisco, four people will stand trial for the murder of a man who allegedly lured a young girl into prostitution. two of the suspects are the girl s parents. 22-year-old calvin sneed was killed in a drive by shooting in san francisco s bayview district in june. prosecutors saylupe mercado and barry gilton, blamed sneed for getting their 17- year-old daughter into prostitution. defense attorneys argue sneed was a gang member who had no shortage of enemies who wanted him dead. it s been nearly one year since the disappearance of sierra lamar. the 15-year-old cheerleader from morgan hill was last seen march 16 last year. while on her way to school. her body has not been found - and the search continues. this man antolin garcia torres was arrested and charged with kidnapping and murdering her - but has yet to enter a formal plea. today we talked to sierra s mother. i do not have any closure. i still have unanswered questions. there is not been a person of and trust and we have not discovered a body. it has been a year later. catherine: on saturday, the search for sierra will resume following a special tribute to sierra at the search center in morgan hill. after that, as they have every week for the past year, volunteers will fan out into the countryside. sierra s mother says says she isn t giving up until sierra comes home. catherine: developing news. police in upstate new york have a building surrounded in herkimer county, with a suspected gunman inside. they think this man.kurt myers.is the gunman. he s accused of shooting and killing four people this morning and wounding at least two others at a l barber shop. it s also believed he blew up his own house. police think the 64-year- old is inside the building - and is still alive. catherine: in a closed door meeting today with house republicans. president barrack obama discussed a comprehensive immigration overhaul. four g-o-p lawmakers say the president made the argument that he won more than 70 percent of the hispanic vote last november, and republicans stand to gain if they support a sweeping rewrite of immigration law. one republican said the argument was met by light chuckles from the republican lawmakers. republican and house speaker john boehner says the meeting involved a candid exchange of ideas, but differences remain over the budget, the federal debt and other issues. in sacremento, democrats have regained their two- thirds majority in the state senate with a special election victory in a san diego-based district. democrat ben hueso will switch from the assembly to the senate after receiving 52 percent of the vote in the 40th senate district race. jacqueline: the changes. we will continue that a slight warming trend. the fog tracker. basically it will be impacting the entire bay area. giving yourself some extra time. by 11, it is peeling back. still in the 70s and the south bay. a five, 10 degrees cooler. 70 s for the inland valley. 60s for san leandro. cooler along the coast. 50s and 60s. noticeably cooler tomorrow. if slightly cooler saturday, sunday, monday. this will continue. and the rainfall is continuing. catherine: a new study finds that breast cancer patients treated with radiation are more likely to develop heart problems years later. the study from the new england journal of medicine, finds that the heart risk comes from any amount of radiation, starts five years after treatment and lasts for decades. however doctors say women should not panic, because the top priority is cancer survival. women cut their risk of heart problems by keeping their weight, cholesterol and blood pressure under control. android s first boss at google is stepping down. andy rubin is android s co- founder and in charge of google s mobile and digital content. the bay area based search giant says rubin will have a new, unspecified role in the company. rubin went to google as part of the company s purchase of android in 2003 and has overseen the platform s development ever since. his replacement will be sundar pichai, who is the head of google s chrome and apps. the hackers who stole and published financial information belonging to famous people apparently exploited a website designed to give people free credit reports. the targets included the first lady and the f-b-i director. now a san francisco-based internet company, cloud- fare is now being investigated in the hack. that content delivery company operates the computers used to send visitors to a russian website where the stolen credit reports were being published. in sports. steph curry does something no other warrior has done in franchise history. . and alex smith is the new man in kansas city. the chiefs quarterback talks for the first time since leaving the 49ers. gary has that story and the rest of the sports. next [ teen ] times are good, aren t they, kids? it s nice having u-verse, isn t it? see back in my day, we didn t have these newfangled wireless receivers. fangled? no, we watched march madness in the living room. that s where the tv outlet was. what is he talking about? and if mom was hosting her book club that day, guess what.you missed it! we couldn t just move the tv all willy-nilly all over the house. ohh! ohh! kids today have it so good. ok. [ male announcer ] call to get u-verse tv starting at $19 a month for 2 years with qualifying bundles. rethink possible. with qualifying bundles. the words are going this way-there s no way. oh, the lights came on. isn t technology supposed to make life easier? at chase we re pioneering innovations that make banking simple. deposit a check with a photo. pay someone with an email. and bank seamlessly with our award-winning mobile app. take a step forward. and chase what matters. gary: ofwarriors/pistons warriors hosting the 23-43 pistons 1st quarter stephen curry hits his 200th 3-pointer of the season becoming the 1st in warriors history with 200 in a season 4th quarter/ 82-77 warriors david lee gets the nice pass from andrew bogut for the dunkgreat ball movement 84- 77 warriors late 4th quarter/ 100-94 warriors curry with the teardrop in the lane 102-94 warriors final: 105-97 warriors . nba - heat win 20th straight lebron james and the heat going for 20 straight wins 30 seconds left/ 92-91 heat james drives and misses get the rebound and misses again but dwyane wade tips it in to save the day 94-91 heat final: 98-94 heat nba - lakers/heat kobe bryant clinging to the 8th spot in the west by ½ a game 18 seconds left/ 93-89 hawks pointer with a defender all over him to cut the hawks lead to 1 3 seconds left/ 94-92 hawks bryant with a chance to tie misses the 2-point jumper in the corner he lays on the floor in pain with a severely sprained left ankle he is officially out indefinately final: 96-92 hawks dashon goldson - bucs dashon goldson is now officially a 49er after signing a five-year, $41 million dollar deal with the tampa bay bucs. goldson got $22 million in guaranteed money the 49ers could have kept goldson had they franchised him but felt he was not worth the one year, $7.5 million price. goldson actually turned down a 5-year, $25 million offer from the niners two years ago - which turned out to be the right decision netting him some $15 million charles woodson visits sf free agent defensive back charles woodson was in the bay area today meeting with the 49ers. the 36 year old woodson was cut by the packers in a salary saving move he s a 15-year vet and 2009 defensive player of the year woodson is no stranger to the bay areahe spent the first eight years of his career with the silver and black glenn dorsey the 49ers signed their first free agent today - it s 6- foot-1, 300 pound defensive lineman glenn dorsey who spent the first five years of his career in kansas city dorsey was the chiefs 5th overall pick in 2008 but has never lived up to his lofty draft position dorsey, who missed most of last year with an injury, says he s ready to work hard and do whatever coach wants me to do. alex smith. happy to be with the kansas city chiefs. gary: stanford vs. asu
search to see whether they were linked to cuba or the soviet union. we also document the extensive search to see if they were linked to organized crime. there are hints in those directions. to millions, the evidence is ambiguous. the warren commission says all that of the shots were fired from behind by lee harvey oswa d oswald. it s completely consistent with the shot from the front. so the single bullet theory is complete fashlt si and the biggest reason is that the horizontal trajectory just can t line up. the round that oswald was using, simply doesn t fit in that hole. if you look at the 5.6 millimeter, the round is designed to explode upon impact. that was in the secret service weapon, it fit perfectly. some believe our government did it. the telephones didn t work. to prehaven t the wrong stories from spreading, if anything went wrong with the plan. nothing was left to chance. he could not be allowed to escape alive. others believe it was the mafia. i think it s undeniable that the mafia was working in conjunction with the dallas mafia. they had just decided that they had had enough, kennedy was trying to put them out of business so they were going to put him out of business. or was it cuba with its own ax to grind. cuba, the united states must an ever closer and realistic look at the communist intervention and domination in cuba. the american people, are not come place sent about iron curtain tanks and planes less than 90 miles from their shore. here is the president of the united states. tonight a live special, the jfk assassination, conspiracy or simple act of murder. council, if you would please, if you would please stand. and i ask mr. nelson, if he would to please read the verdict. we the jury, find the defendant lee harvey oswald because lee harvey oswald was killed by jack ruby, before he could be tried for the murder of john f. kennedy, deep skepticism persists about the official version of history. but perhaps the best effort to put this mystery to rest is in this impressive, more than 1,600-page book, reclaiming history, by the author of helter skelter, the former l.a. district attorney, the man who convicted charles manson, vince joins us. welcome to the program. why don t 59% of the american people believe oswald and oswald alone killed kennedy? well, the propaganda minister of hitler s third reich, which i m not comparing the conspiracy theory what, but if you push something at people long enough, they re going to start buying it, particularly if they re not exposed to any alternative view. the american public has been inundated with a lot of this moon shine. they convinced the majority of americans that oswald was either a member of the high level conspiracy or just some patsy that was framed by an elaborate group of co-kconspirator-conspi mob, working in league with u.s. intelligence, but it s all nonsense. tonight in the very limited time we have, if you could ask me why i feel, and why i wrote 1650 pages, why i feel that oswald is guilty and why i feel there was no conspiracy. okay, why? let s talk about oswald s guilt. in my book, i set forth 53 separate examples of why i too i feel that oswald is guilty. under those first, let s go over just a couple of them, very, very quickly. oswald s rifle, a 6.5 millimeter rifle was proven by firearms experts to be the murder weapon. after there was a shooting in deally plaza, oswald was the only one in the book. shot and killed officer j.d. tippett of the dallas police department to stop him on the street to question him. a half hour later at the texas theater. oswald resisted arrest by pulling his gun on the arresting officer. during three days of interrogation, 12 hours, by the dallas police department, oswald told one lie after another, provable lies, all of which show an unmistakable consciousness of guilt. in my mind, i m satisfied of his guilt, not just beyond a reasonable doubt, but beyond all doubt. that s just on the issue of guilt. on the issue of conspiracy, i ll get into that. unless you want to question me further on the issue of guilt. i am convinced as you are that oswald was one of the trigger men. any evidence of a second shooter, a second gunman on the grassy noll or anywhere else on that night? none. absolutely none. there s allegations of course, but no credible evidence, absolutely not. 50 years later, how about credible evidence that it was the mob, that it was the kgb, that it was the anti-castro cubans, that it was the pro castro cubans. in my book, i set forth 32 pieces of evidence that point away from the existence of a conspiracy, we can t go into all those tonight. i can t go into all the theories. i do in the book. it s the only book out there that attacks every single conspiracy theory. but in the minutes we have, it s impossible. let me mention three things that apply to all conspiracies, we cannot ignore the fact that the house select committee and the warren commission on assassination, both did a massive, extremely intensive investigation of the assassination, they both concluded that there s no credible evidence, that s the keyword, no credible evidence that the mob or the cia or any other group was involved in the assassination. i just want to mention one point, all they found, of course, they did find unsupported allegations and naked speculation. now i use the word credible, i just want to show you how noncredible the conspiracy theorists are. can we have a second segment, i have some important things to talk about. it cannot be done, geraldo. give us your best no one s going to conspire with lee harvey oz waltd on the face of the earth. after he left the texas schoolbook goes tir building, if the mob was behind him, there would have been a car waiting for him to drive him to his death, you know that, instead, we know that oswald is out on the street with $13 in his pocket trying to flag down busses and cabs. that tells anybody that he acted alone. even the presidential motorcade rout, that route wasn t determined until november 13, four days before the assassinati assassination, does anybody really believe that a theory to murder the president of the united states would be hatched within four days of the assassinati assassination? that s just silly, geraldo. vince, thank you, later, it has not been seen in 38 years, my long buried interview with oswald s mother, margari tete? what if kennedy was killed by accident? he used to be really rough around the edges, but he s totally changed. changed man. [ laughs ] changed man. i mean it took some time, but i softened him up. mm-hmm. thanks to tide plus downy now his clothes are always super soft and clean and he is totally huggable. just like one of my teddy bears. wait. more like a grizzly bear. 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[ female announcer ] this holiday season, visit shutterfly.com for all your cardworthy moments. lee harvey oswald s rifle, this is the exact duplicate. the person who can only qualify by two points at the lowest rung of the military weapons proficiency test could take this piece of junk, and hit a moving target and find his side picture in 5.6 seconds is ludicrous. the mafia, the cubans, the cia, of all the conspiracy theories concerning the president s murder, there s more than one possibility. at least one, what if jfk was killed by a horrifying accident, shot dead by an inexperienced secret service agent trying to protect him. that s the basis of jfk, the smoking gun. collin, thank you very much for being with us. for the warren commission declaring that the commission found that the bullet struck president kennedy at the base of his neck, just to the right of his spine. exited his throat, below the adams apple. struck governor connelly beneath and behind his right armpit, shattered four inches of connelly s fifth wrist, exited below his right nipple and crashed into his right wrist, and lodging four inches deep into connelly s left thigh. the first round that lee harvey oswald got off missed completely. the second round hit jfk in the back of the neck, that was definitely this type of bullet and that is a full metal jacket round, 6.5 millimeters in diameter, and it did exactly what it was supposed to do. this is about bullet performance, it hit in the back of the neck, clearly went through his throat. and the third shot is the one that hit jfk in the back of the head. that is a different round all together. the first shot was the 6.5 millimeter round. and the third shot is this other one, more streamlined, this is a 5.56 millimeter, that round was in the secret service weapon, the ar-15 assault rifle, a state of the art rifle that was used that day at deally plaza. you allege that that round was fired tragically by accident by an agent named george hickey. where was george hickey riding and what weapon did he wield? george hickey was a brand-new agent that had only been with the secret service agency four months. his job was to polish the cars. he was righting in the back of the limousine, the follow-up car, only meters away from jfk, the back of jfk s head, on the second shot, you can see there s photographic evidence, it s overwhelming evidence from the security agents from the secret service, they all say that hickey turned from that second shot, he then reached for his weapon, the ar-15, from his position in the back seat. when he went to stand up, the brakes were applied to the secret service vehicle. and he accidently stumbled, fell forward and backwards, at that point, the third shot rang out and that third shot was consistent in every way to be the work of this round that explodes upon impact. and as you remember, and as you broke to the world back in 1975, with the zapruder film, you can see that jfk s head was blown. so you re making the stunning charge, that a well meaning but inexperienced secret service agent, picked up his weapon, as he went to wield that weapon, the car jerked to a halt and he fired and killed the president of the united states by accident? i m making that charge certainly, but let s be honest about it, there s 11 american people that are making that observation, collectively they all say, and some of their statements got through the warren commission, but some of them didn t. they all say collectively, these good american witnesses that they saw this secret service agent, stand, pick up the weapon, accidently fall back and some of them said they believed he had fired the weapon. a cover-up of an accident that you believe killed the president of the united states? absolutely. and if you look at it further, geraldo, there are 22 american witnesses as well, that are standing around that parade, around those two cars, the person s car and the follow-up car on the day. ten of them said adamantly they smelled gun smoke at that third shot, just after that third shot. another 12 gave evidence that they saw smoke at the crime scene, a at the street level at that third shot or just after the third shot. that cannot be the smoke of lee harvey oswald. it s impossible. he s six floors up. 295 feet behind. hidden behind a window, firing an old blunder buster, with these particular bullets as i showed you before. 22 witnesses smelled or saw gun smoke at street level and 11 of them saw this agent stumble and fall and some of them believe he fired his weapon. this is a massive cover-up geraldo, and it really should stop on the 50th anniversary of jfk. we continue our special report after this. 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[ male announcer ] check out the possibilities. aarpdiscounts.com. after the first shot, the secret serviceman raised up in the seat, with a machine-gun, and he dropped back down. my next guest, attorney mark zaid, a represented secret service agent george hickey, hickey we referred to in the last segment, the secret service agent accused of actually killing the president with the ar-15 rifle. mark zaid who s tolding the gun just like the one used by lee harvey oswald. but jfk killed by a weapon like the one you are holding, or by a modern style ar-15 like your client held on that day 50 years ago? certainly all the evidence or at least i know are that resulted in the shots to president kennedy. we have to look at akham s razor, for one thing. all the theories, all the medical doctors, pathologists, lawyers who have examined this, investigators and very few people have ever come to the conclusion that secret service agent hickey fired any shots whatsoever. think of the hundreds of witnesses that are standing just feet away from the limb limousine, this would be the most massive cover-up of all time, every doctor that was involved, every lawyer that was involved, ever doctor that was involved. jean hill that was closest to the limousine, she thought that jackie kennedy had a poodle in her lap. how were they resolved. we ended up settling the cases and the publisher admitted what i would say amounted to an apology. unfortunately george hickey is no longer around, he died a few years ago, to be able to respond to these resurrected absurd theory. defamation dies with the individual. now another client of mean, tony somers, the title of his book, and he s one of the most respected researchers out there, he s the author of never in our lifeti lifetime we won t know really what happened. what i can tell you didn t happen, secret service agent hickey didn t shoot the president. did hickey die vindicated or did hi feel he was forever cast in the shadow as the man who might have killed the president? i lost touch with him in the last few years, and he had health issues i know. we had given something to his grandchildren and his descendants that he would have at least even felt vindicated. it s really unfortunate that this came up. again, the evidence that just is lacking out there to indicate that this weapon, this 15-6, the machine-gun as we call it. that the ballistics didn t match to it is just inge credible. did you ever ask hickey if he fired his weapon that day? i m never allowed to, even when the client is deceased, but i will say that he was very adamant that he never did it, as was the other secret service agents in the car, who worked with us, to say that he never fired the shot. mark zaid, thank you very much. up next, lee harvey oswaloss mother speaks out in an interview you haven t seen in 30 years. ted is now on hold with his insurance company. maxwell is not and just confirmed a 5:30 time for tuesday. ted, is still waiting. yes! maxwell is out and about. with ted s now ex-girlfriend. wheeeee! whoo! later ted! online claims appointments. just a click away on geico.com. we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we ve made our passions our life s work. we strive for the moments where we can say, i did it! we are entrepreneurs who started it all. with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we re here to help start yours. turning dreamers into business owners. 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[ male announcer ] call today to get adt for less tha$2 a day. helping protect your business, is our business. adt. always there. when you do what io, iyou think about risk.. i don t like the ups and downs of the market, but i can t just sit on my cash. i want to be prepared for the long haul. ishares minimum votility etfs. investments designed for a smoother ride. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. right now their trying to get medical supplies to people in isolated regions. the typhoon is described as one of the most powerful storms ever recorded on earth. it s now headed to vietnam. authorities have evacuated more than half a million residents in high risk areas there. the u.s. secretary of state john kerry says tehran and six world powers have made significant progress on narrowing their differences. secretary kerry spoke to reporters after three days of attempting to seal a deal for iran the country could have some economic sanctions lifted. i m marianne raferty. now back to geraldo at large. history was changed by this one disgruntled man? that s right. and it wasn t even hard because if you see, if you go to dallas, to dealy plaza and see how close that building, the schoolbook depository is to where kennedy came down in a very slow, slow ride. you can see how it happened. killing kennedy, the movie based on o reilly s best selling book airs tomorrow night on the nat geo channel at 8:00 eastern. who was lee harvey oswald, why did he murder the president of the united states? craig investigates. i m not a communist. according to former washington post reporter jefferson morley, editor of jfkfacts.org, and author of our man in mexico. jfk was well kno oswald was well known to secret service agents. at the height of the cold war for a former marine to say that he wanted to live in the soviet union, those reports were heard even here in the united states. so the man two would allegedly go on to murder the president was known to u.s. intelligence, a defector to the soviets at the height of the cold war. he had kind of leftist sympathies, even when he was in the marines. he told friends that he admired castro. oswald meets maria, a 19-year-old pharmacology student, they marry six weeks later. in february, 1962, a daughter, june is born and the brash restless former marine decides russia is not radical enough, the family returns to the united states. how is it that he was able to leave russia after he denounced his citizenship as a united states citizen, come back to the united states, with a russian wife in hand? he had threatened to renounce his u.s. citizenship, but he never really followed through. so he was still a u.s. citizen when he came back. how he was able to come back so quickly with a russian wife and not be interviewed by the cia is a puzzle. oswald was involved in another assassination attempt seven months before that awful day in dallas. someone took a shot at walke wing oswald later told his wife that he had done. general walker was lucky, a bullet fired from the same mail order rifle oswald used to kill the president strikes the general s window frame as he sat in his home office. bullet fragments strike his forearm. i m not a communist and i think that the red herring is rather ridiculous. are you a marxist? i have a marxist philosophy and other other philosophies. . oswald continues his pattern of treason during the pro castro fair play for cuba committee. he says he wants to set up a chapter in new orleans. the leaders of the fair play for cuba committee write back and say, that s not a good idea, that s a very conservative city, we don t want you to do that. and oswald says i m going to do it anyway. oswald is arrested during a fight with anti-castro cuban exiles. these documents show the agency is tracking his every move. his 20 months in the soviet union had a maturing affect on him. so 42 days before kennedy is killed, five cia officers sign off on a cable that says oswald is maturing. what are you advocating? we advocaed a voe we advocaed a vo we are concerned about the lone wolf, the person who has no identity until he does something drastic like the boston bombers. but here you have lee harvey oswald visiting russia, and trying to get into cuba. so he was a well known entity just months before the president was killed. it couldn t have gong any higher, these were the top officers involved in counter intelligence, which is protecting cia operations of penetration by a foreign service and anti-castro operations. those officers in the western hemisphere division and the counter intelligence staff of the cia are the ones that are paying close attention to oswald, just seven weeks before president kennedy is killed. it was a violation of the most basic since jfk, oliver stone s controversial movie is released, the jfk records act is passed to quench speculation about the assassination. documents are released, but morley says there are still thousands more secret documents concerning the assassination so he sues the cia for their release. is there a possibility that these documents withhold some kind of a plot against castro who s still alive? there s a couple of possibilities, additional information about the cia s plots to kill castro. some of these files concern men who were involved in the castro assassination plot. another possibility is that there was an operation involving oswald, a cia operation involving oswald that has never been disclosed. these extreme claims of secrecy, after 50 years that this is national security information. i really question that. 50 years later there s still a lot of questions. definitely. craig, thanks, a long time ago i visited with lee harvey oswald s mother marguerite who died 30 years ago. did your son in your opinion, kill president kennedy? i don t have an opinion whether lee killed president kennedy or not. i happen to know my son was framed. i have stated so in my testimony. i have spoken out for 13 years and so i find the question have upsetting. over the last several years, especially, there have been reports that your son was actually an agent for one of the intelligence agencies here in the united states, the cia, the fbi, the secret service, something like that. what do you think about that theory? well, yes, when lee went to russia, i thought then, which was in 1959, i thought then and just for the fact that he had shown up in russia, but in thinking about everything, i was convinced that he was sent to russia. and i made a personal trip to washington, d.c. in 1960. and i think at the time of the assassination, when everybody was still so upset, if i said anything, people go, oh, that s a mother taking up for her son. so now i m going to say to the public, no, no, in 1960, three years prior to that, i had already been to washington and i said then, if my son is an agent in the united states i want to know, and i think he belongs home. and sick wex weeks later, i rec notice from the state department giving me his address, but up until that point in time, i didn t know if lee was alive or dead for 20 months. i had been in contact with the state department, they didn t know where my son was. six weeks later, i get his address and saying he wants to come home. that, to me, clinches it doesn t prove anything, but after all, you do have circumstantial evidence. and this is what they base my son s allegedly killing the president on, circumstantial evidence. they built a case against him. i can also build a case. in an interview that you gave to a newspaper, about three weeks after the assassination, you said that the fbi came to you approximately 17 hours prior to showed you a picture of a man, that later you identified as jack ruby. the night before, mr. bart odom came to the motel where marina and i were staying and they wanted to talk to marina, and i wouldn t let them, because she had been under terrible strain. and my grandson was only a couple weeks ago. he had a picture of a couple in his hand and he asked me if i knew this man. and i said no, i have never seen this man in my life before, believe me. and off he went. and after ruby killed lee, and remember, i didn t know ruby killed lee. i walked into a room where we were being held by the secret service, and i casualty turned over a newspaper, and on the front page, the whole bottom of the page, was a picture of a man and i said, that s the man that the picture and the fbi man showed me. and he said ms. oswald, that s the man who killed your son. this is an extraordinary room, i wonder if you ll tell me about it. all these books are favorable to my son, lee harvey oswald. while some of them are sensationalism, most of them, all of them i would say, has some truth in them. these authors have the 26 volumes, they do have the documentation, but where they air is the evaluation of such. and that is where these commission members erred. all of these are opinions, assumptions and false documents because they came to the conclusion that lee harvey oswald was the lone assassin. i have said they were wrong, i have yelled they were wrong for 14 years and i stand here now saying they were wrong in their final analysis. and what is the final analysis? that is the commission report that lee harvey oswald killed the president of the united states. i say they re wrong . welcome back. how is everything? there s nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn t make that happen. 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start out by saying there is no evidence against oswald. i know people talk about his motivation. you re a lawyer and so am i, we know that motive is not an element of the crime. the question is what is the evidence. let s look at the evidence. there is no evidence that oswald was involved. mark, i want you to tell me who did it if oswald did not? good question, the answer, i believe is the central intelligence agency. i don t know the names of the guys, but the central intelligence agency. we have the cia this is crucial. plotting in september of 1963 to leave a trail behind which would involve oswald and the assassination. they said he was in motiexico c, he went to the russian embassy, on and on and on. in september -this is the crucial part. we know it s not true. even david atley phillips, he was in mexico city but was in charge of the russian embassy in mexico. he went there, he saw the soviets, he saw the russians, itself. but the cia set that up. david atley phillips did it, in september of 1963. so my question is, how did they know in september that the president was going to be killed two months later? and the answer, i think is a parrot, they knew it because they did it and they were planning to do it then. i don t understand how you can make that allegation, the carcano rifle was bought by lee harvey oswald via mail order, the rifle that was used to kill the president. the .38 revolver that was used to kill officer tibet 45 minutes later was lee harvey oswald s gun. we have pictures of oswald holding the gun in his holster. how can you say there s nod evidence? you don t have a picture of him shooting it, do you? it s not a question of who owned the weapon, it s a question of who fired the weapon. we don t know how oswald got those weapons. i brought in one action after another. most of the information is available is because i brought freedom of information actions in the united states district court in the district of columbia. but there is still a vast amount of evidence which is not available. if the government says all the evidence shows that oswald did it, let s see the evidence, why is it still being hidden after all of these years? what s the answer to that question? mark lane, i think maybe 50 years will pass and still we don t have another 50 years, all of the a answers. i appreciate it. up next, the lone scientist who disagreed with the forensic panel on the warren commission, dr. seril wect is next. the single bullet theory is complete fantasy and the biggest reason is the horizontal trajectory just simply can t line up. it is thoroughly impossible. mark furman, thank you, you just saw my next guest, but for now, forensic pathologist, he knows as much about what happened on that november day in dallas than any other man alive. doctor wect, welcome, your position on the evidence is clear, you have made it clear over the years, you don t think oswald did it, you certainly don t think he acted alone. so i m going to ask you the same question i just asked mark lane, who do you think killed president kennedy? okay, we ll have another hour some other time and talk about the forensic scientific evidence. who do i think killed kennedy? it was a group of people, three, four, five people, the cia, military industrial complex. they re not going to tolerate jfk any longer, the removal of the ground troops in vietnam, the events that are taking place in cuba. the cia was about to be dismantle by jfk. he got sick and tired of all the things that were going on. the cia was a separate government, geraldo, the assassinations and overthrows of government in iran, guatemala and chili, iran, anything that the cia wanted to do, they did. and who orchestrated it? it wasn t the russians, it wasn t the china. this was the overthrow of the government, it was a coup d etat in america. it was the forensic scientific ed, which regrettably i don t have a chance to talk about. rob mcclellan, said unequivocally, that he stood there for about ten to 20 minutes, eight to ten inches from the head wound, a man who has seen hundreds if not thousands of gunshot wounds, he said that it came from behind the picket fence on the grassy noll. there s no question. and kennedy, after being struck in the back, he was hit a second time in the head. he was hit two times, two head shots. the war on commission report is a single bullet theory. one bullet producing seven wounds in two men. the bullet only lost 1.5% of its total weight. the bullet emerged near pristine. the government itself conducted an experiment shooting into goat carcasses, to simulate kennedy s head fracture, and they could not come one a bullet anywhere near the bullet 399. the bullet had to have broken both a rib and a radius. this is hard scientific evidence. the missing brain, the burned nose at the fireplace. the missing bullet hole on friday night. the whole thing is a total fiasco, it s a debacle. on that note, take a breath, dr. weblgct, we appreciate it. we know what you think. folks, lee harvey oswald owned the rifle used to kill the president, that s true. he owned the handgun that was used to kill the cop 45 minutes later. he ran away from the scene, that s true. even his own brother came to the conclusion, he killed jfk. did oswald anybody else had anything to do with it. no evidence. as jackie kennedy said of her husband s death, he didn t even have the satisfaction of being killed for civil rights, it had to be some silly little communist and that s the point, because history shines on the 35th president, he wanted his death to be something grander. it wasn t, it was this weasel. thanks for watching. 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good morning. the dow is now on its longest winning streak in 16 years. thursday, march 14th, 2013 and squawk box begins right now. good morning, everybody. welcome to squawk box here on cnbc. i m becoky quick along with andrew ross sorkin. joe is on vacation. he s still skiing. we are joined on set by mike san tilly. good to have you here. good to be with you. thanks. good to see you. we have a lot of stuff to talk about because of the markets. the markets have been our lead just about every morning. not the pope? no, the pope was red. we ll talk more about that in a bit. but as we have been doing every morning lately, we begin with the markets because just about every has been closing. as andrew mentioned, it s a nine-day winning streak. that s the longest we ve seen since 1996. the s&p still hasn t reached the all-time high of 1565.15. it s been get veg close, but at this point, the broader index is still 11 points away. do you have any idea why it s been tough on the s&p 500? financials and tech have not been dominant groups. that is where the water mark was set. i don t think there s any big reason for it. yeah. and we re only about 11 points away from it at this point. traders are also watching the s&p s all time intraday high of 15 a 76. the index is about a percent away from that level. take a look a the how things are shaping up this morning. as it has come in the last several days, dow futures are up about 39 points. you see green arrows once again. at the present futures up by 4.5. in europe, there are green arrows there, as well. the dax in germany is up about 0.is 7%. in asia area overnight been you can see that the nikkei was up by 1.6%, this green arrows in the chinese market, as well. oil prices have ticked higher. they re up this morning by about 21 cents. i think 92.7 3 is the last straight there. so above 92, but still well below what we had seen earlier this year. if you take a look at the ten-year note this morning, you re going to see that actually, we ll take a look at the dollar first. the dollar is up against the euro. oh, wow, 11.2956, so euro back below 1.30. the dollar is up against the yen, but it s down with the pound. the next board, i think we take a look at gold after this. yeah. let s take a look at gold. down by 1.40. $1587 an ounce. we have a number of important economic tests before the bell this morning. at 8:30 eastern time, we get weekly jobless claims. that s going to be very closely watch because of what happened with the jobs report last friday. it was better than expected numbers. we ll see if the jobless claims go up even further. consensus is for 350,000. we get the february producer price index in the fourth quarter current account. first time filings to have for unemployment is expected to rise by 10,000. polled economists say that the headline ppi likely increased by 0.7%. the core is expected to tick higher by a more modest 1.10%. let s put a little bit in context. another piece of news that makes this interesting, investors are now pouring 2.9 billion in mutual funds. the money that went to funds, that money went into funds that hold international stocks. so those funds had inflows of $3.5 billion. so we have all this money going into u.s. funds, but now even more money going into u.s. international funds. meantime, funds that hold u.s. stocks suffered outflows of $578 million. that s crazy. you would think at this point that maybe people would be putting more money into the u.s. stock market, they would be chasing this. it s been the pattern. it s been the pattern for a long time now. we re talking about numbers that are just around the edges of exactly how much people have in total invested in there, but really, the international has gotten more than its share for a long time. everybody says we just saw what happened in the u.s. i don t think so. i don t think it s that tactical. i think it s people basically saying, you know, if you re looking at a three or five-year trailing number, for some reason it s drawing you in that direction, i don t know. to me, the etf kind of flow is what you re seeing in terms of the coincidence money going into and recognizing what is already happening here. let s talk housing news this morning. there was a sharp drop this is good news, by the way. there was a sharp drop in u.s. homes to foreclosure last month. among the reason, rising home prices in efforts to buy states more time to avoid losing their homes. foreclosures listing firm realty track reports the number of homes last month fell 11% from january. declined 29% from february last year. foreclosures are now at their lowest level since 2007 and i remember when warren buffett said at some point all this housing thing is going to work itself out. now we re finally getting it. maybe. you re still on a maybe? well, it s definitely bottomed out, but it doesn t feel like we are anywhere near the levels just in home prices and people s oh, but i think we re still i mean, from housing getting back to where we the market just got back to where we were in 20307. if you bought in 2007, 2008, 2009, you probably are still waiting. and i know where he lives in new york city, those places are actually much higher now. no. there s no doubt about it. but i think in the real america not out here. it s basically still an impaired market. you have this disproportionate kind of not just a foreclosure side, but the investors are a big proopponent of it. it s obviously healing itself, but it doesn t feel organic at this point. even though it is going in the right direction, it will continue. all of real estate, the local market, it very much depends on where you are. you did mention the pope. that is a huge story today. you got it? i got it. i heard. i heard the news. it s on the cover of can you believe how they did that on the wall street journal today. squeeze tighter. they used to do it remember when they used to have just a little thing. it was farther down. now it s moved over. you know what i m talking about. i do, yeah. with the what s news column? yeah. with the what s news column. they would occasionally knock it down. you about it is huge news. yesterday at this time, we were watching and we saw smoke that came just about this time yesterday. the official news is out. it s pope francis. and mary thompson joins us with more on this story. this is huge, mary, because this is the huge time we re seeing a leader come from latin america. first time from the americas. becky, the 266th leader of the catholic church greeted people yesterday saying the cardinals had to go to the end of the world to find a new pope. the former arch bischoff of bun yo beunos aries, at 40% of the world s clath licks reside that. jorge mario bergoglio was runner up to benedict xvi. this time he s 76. he s known for his humility. he took public buses instead of a chauffeured car, living in a simple apartment and cook his own meals. in his 14 years as arch bishop, he weighed in on many political and social conflicts while honing in on skills needed to reform the vatican s sometimes incompetent curia. pop francis is best known in his retire life as an advocate of the poor. in latin america, growth has been great and misery has been reduced to least. and while a conservative on social issues, he has be rated breefts for not baptizing children that have been born out of wedlock. the new pope may bring reform himself. certainly he brings change. he had the first jesuit to be named pope. guys, back to you. mary, all the reports that i ve heard, at least the initial reports, show that huge amount of enthusiasm, talking about what you mentioned with his humility, with his real touch with the people. he s known as a soccer fan and a man who walks among the streets and that s makes the people in argentina love him all the more for those issues. but you re right, he face aes huge number of hurdles with the scandals that have come up in recent years. it s true. and i think what s interesting is picking basically someone who is considered a pastor as opposed to a theologian. the church is understanding that. they need someone who can reach out and make a connection with the people because pope francis had a similar problem in argentina, feeling the catholic church didn t do enough to fight back against a very abusive government. so he s used to dealing with a disaffected populous. that has been the one criticism that i ve heard, is that you ll see much more on his silence during those years in argentina during the 70s and the 80s that he didn t speak out more against that ruling goftd. right. and the cycle has already started in that he did do more than what was led on. it was just that he remained silent about those actions. heir mary, that i think very much. this is a huge story, one would have been following closely. sure. a little corporate news this morning, samsung will unveil its latest galaxy tonight in new york. apple going on the defensive. in a rare interview, apple s marketing chief attacked samsung and google s android software calling it fragmented. it underscores the extent of pressure on apple right now to explain what fragmented means because google has an android platform but traditionally doesn t own the hardware. there are different versions of the software on different devices. that s why they re calling it fragmented. but the fact that apple is even acknowledgiing that samsung exists i think is something that in the old steve jobs day would never happen, right? no. you would let the product speak for itself. i feel when apple ran an ad in the paper regarding oh, this is when they had the start me up, right? windows had the campaign and and it was just a huge driven lead up and the all it said was congratulations but with windows language and the colon. and it was a snarky thing, but it showed that they were cool and hip. some of the other apple ads have taken, mentioned their competitors, too. remember the apple guy. certainly. where you compare yourself to windows. that was on the pc side, so they weren t the incumbent with the iphone. i can t believe we re even talking about it. but, anyway i wonder why they did do the interview. it s been unusual that they did interviews, anyway. i was at that conference with the young people last week. the momentum behind android over apple, it is what it is. in related news, the u.s. international trade commission is delaying a ruling on the patent story. the full itc said it would review the matter. if the full commission reverses the judge s ruling and found that apple is guilty of infringement, the itc could order apple s product banned from the u.s. market. apple had filed complaints against samsung for copying its iphone and ipad. andrew is talking about the iphone and ipads, i m still talking about blackberry. the company reporting one of its partners placed an order for a million blackberry 10 devices. shipments will begin immediately. blackberry says this is the largest order ever in its history. at this point, i think there s only one carrier here in the united states. is it at&t, i think, and they ve had delayed launches for the other carriers. i wonder if the it s that carrier, what s going on. the obama administration is reportedly drawing up plans to give spy agencies the ability to scour american s finances. the white house wants to give spy agencies full access to a massive database that contains financial information on american citizenes and others who bank in this country. the goal is to spot and track down terrorists networkes and crime syndicates by bridging together criminal records, military intelligence and financial reports. it is still likely to trigger some intense criticism for privacy advocates. can i say i m not bothered. i read this story. i m not already bothered by it, either. and the fbi already has access to this information. it s not that they don t. it s actually that the cia and other otherwises didn t. i don t know. i am sure there will be .rivacy concerns that are it wasn t all that surprised. there s privacy concerns, but there s the idea the cia was never supposed to operate internally. to me that s the bigger publish issue. before we didn t think the enemy was from within. but that s why it s news worthy, not so much that the data is not accessible otherwise. right. in other washington news, a senate committee will be releasing its report on the jpmorgan what he wile watchers. and bank executives will be gathering on capitol hill tomorrow for a grilling. witnesses include former cio ina drew in her first public appearance since the scandal. she will be there. jamie dimon is not on that list. jamie dimon no one. mike cavanagh is an interesting one. doug braunstein, currently the injuries chairman was the cfo who boar the brunt of some of the blame at the time. ashley bacon and then peter weiland. finally, treasury secretary jack lew is heading to atlanta to visit a facility and our own steve liesman will be there. there he is standing next to the next treasury secretary. you can catch all that. that conversation will happen at 4:15 around time. kelly evans is standing by in london. good morning. good morning. great to see you guys and is mike san tolly, as well. here is a look at what s been happening in tradover night. the ftse mib is up 1% in italy. we just got word from the bank of italy that those banks that posted a lost, it wants them to reign in bonuses and it s concerned about capital levels. that was in a statement. still in the green, bankintender, wmps. some of the other names have been suspended in trade, including bancopalatea. let s take a look at the sovereign debt picture. we ve seen the italian paper yesterday fall off. so 4.68% versus 4.81% for spain. she did go to auction maybe raising in 1.2 billion ur rowses. it actually in, fael, with 11400 euros. we learned that fourth quarter employment levels, guys, were at their lowest since 2006. so you take population growth into account and the fact that that s, what, six years on, fewer people employed? you can tell this story, even if it s been a positive one for now, is far from over. back to you. kelly evans, thank you for that. coming up, we re going to talk about why u.s. regulators are investigating gold prices. plus, the early futures from the trading pirt. but first, take a look at yesterday s winners and losers. but at xerox we ve embraced a new role. working behind the scenes to provide companies with services. like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%. and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how s that for an encore? with xerox, you re ready for real business. we don t let frequent heartburn come between us and what we love. so if you re one of them people who gets heartburn and then treats day after day. block the acid with prilosec otc and don t get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. welcome back, everybody. after yet another record close for the dow, another up day for the s&p 500, you can see that there are some green arrows this morning. dow futures up by about 30 points right now. s&p futures indicated higher by just over 3.5 points. u.s. regulators are examining gold price necessary london and the cftc is trying to determine if the prices are being manipulated. no formal investigation has been opened, but among the issues being discussed is whether the setting of both gold and silver prices is transparent. when they say things like that, guys, i think that s back to libor, eurobor. probably all in question this morning. is this a joke? i don t think it s a joke. the whole london fixing, it was one of those similar thing. we re taking your word for it. and the what regulators have said since this, in europe and here, has been we re not going to take your word. your word is no longer the gold standard. that being said, you can sell gold anywhere in the world. to me, it s a little bit manipulatable over the long-term than, say, libor is, which is a number. you can understand why they re skeptical. sure. let s get to our national forecast this morning from the weather channel s reynolds wolf. aloha. good looking morning in the northeast. aloha. i like that. it s just mixing it up a little bit. we want hawaiian kind of conditions, don t we? yes. bring it on. you re going to have some chilly mornings the next couple of days, but spring is on the horizon. we make our way in atlanta. cool morning, but a nice day overall with 55, 66 in tampa. let s work our way to the west. quiet in the nation s mid section. check out dallas. 78 degrees. kansas city with 68 degrees. a few snow showers. minneapolis. out to the west we go and we head out to the west. we see rain in parts of the pacific northwest. nice and quiet for you in l.a. near the staples center and i ll tell you, in terms of travel, it s not going to be is thoin that s going to cause you issues. in atlanta, it s going to be perfect at hartsfield-jackson. could see some backups in chicago and the twin citys all due to the snowflakes. back to you guys. is it going to get a lot warmer on the east coast soon? is that what you re giving us hints of? pretty much. we should see that early next week. fine ix finally getting into the 90s over the next couple of days. it will be warmer around a good portion of the nation, including the northeast. reynolds, thank you. great to see you again. thanks, guys. check this out. what about the idea of a ka seenny in the sky? you can get in a few hands of blackjack while flying home from a business meeting. a couple of french companies, air jet design essence are trying to get the airlines to buy into their casino jet lounge. we re not talking blue haired ladies at penny slots here. this is all high end. the company is telling cnbc that the cost of tricking out a commercial jet starts at about $2 million to $3 million. they will do private planes, but there is one slight glitch in all this. gambling is still banned in usair space. so if you were just to fly over the atlantic a little bit, make a little detour it would work. that s why they have those cruises that you can go out and gamble for the day. it s actually what you do on a cruise ship. i m surprised it hasn t happened before now, to be honest with you. if you re going the lose money on the plane to begin with, you want to pay to get on the plane so you can lose more money? yes. all of these casinos, that s the trick with macau and every one of these places. i don t know. if you re fought going somewhere do i think you re going to go up in the air for fun? no. these are probably for trips that would take you out over those areas. it s going to take you to vegas and back? you re extending the losses? how does this work? maybe you re flying out by the united states. maybe it s droos ocean trip. okay. that s what we would guess. when we come back, another day, another record close. jobless claims, inflation data, what s driving today s session? we will ask the experts right after this. thank you orville and wilbur. .amelia. neil and buzz: for teaching us that you can t create the future. by clinging to the past. and with that: you re history. instead of looking behind. delta is looking beyond. 80 thousand of us investing billions. in everything from the best experiences below. to the finest comforts above. we re not simply saluting history. we re making it. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it s just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. welcome back to squawk this morning. the dow has reached a ninth straight up session. is the market due for a correction? we ve been talking about that for a long time. let s start that discussion. we have a couple of people joining us. gene peroni, senior vice president and portfolio manager at advisers asset management. we have joe kinehan. and on set, david pearson, senior vice president and chief economist at nationwide insurance. do we think a correction is coming? you know, there are corrections all the time. as long as the fed keeps monetary policy with pedal to the metal expansion and the economy is growing, then the trend in the stock market should be up. i m going to go to santoli. do you think a correction is coming? i thought the ingredients were there. and by the way, what i m focused on, is we are exactly matching last year s experience. the year to gain this year is precisely where we were last year. and it seems a lot of the things are in place for that. but that s not enough. you can t just have the precondition and it can t be a matter of what has gone on long enough. it has nothing to do with the nine-day streak, it has to do with how far we ve come since november. but right now, we ve not had people ask for the positioning of a fullback. joe, are you there? yeah, i m here, andrew. is this smart thing taking money off the table at this point? i think people who have had nice gains do take a little bit off the table right now because that s just good trading the.we ve had an amazing year so far. but with that, i think we also are going to go up and test this 1575 level on the s&p 500. you know, as you look at where we re at right now, look at the transports. it s not an exciting sector. nobody wants to really talk about it. you look at stocks like jbhunt, up 60% yesterday, up 20% for the year. those are the stocks that when they re going better and they re going as well as they are, you can certainly continue these types of rallies. so i would be surprised if we didn t go up and test that area over the next few weeks. you often see us make on wednesday or thursday, so today or tomorrow of that week a bing move one way or the other. so things are set up for us to try that over the next few days. gene, the lesson of the tech bubble was that momentum was a bad word. that s true. it was because the market was being driven essentially by a microsemester attic factor, in this case, technology. this market is much different. this market is much different than i ve seen in my 39-year career. it s not micro-sematic. many sectors are doing well in a balanced way. it s not any one sector that s ahead of the pack. when one sector does move ahead of the pack, there s good sell. money flow is tremendous here. that means that the astute individual investor has been in this market for a while. more recently, the institutional activity has started to pick up. that s wa you want to see. david, but the volume is what do you think of that? well, i wouldn t really pay too much attention to the volume. i think the more important thing is the stilling of volume. when you still the volume, this market is under accumulation based on that. the volumes had been low. the individual investor has only recently gotten it. do we think that the individual investor really is back in? do we think that is what s driving this? no. the investor has only gotten in for a few weeks this year. that s not what s been driving the market. often, you see that at the top and perhaps that is evidence of a top. but i think once we get into the second quarter, the economic data is going to look a lot weaker as the sequester starts to hit and that may be the motivation for the market to pull back, at least temporarily. is that the retail investors that pulls back or is the institutional investor see through that? right now, everybody around this table is saying there s going to be a pullback in the economy. forget about the market, in the economy. and nobody seems to care. well, i think it s likely to be the institutional investor that moves first because the institutional investor moves before the retail investor. gene, wa do you think about this weird disconnect? maybe it s not a disconnect. no, i think in this case the market has been predictive. it s been positive over a long period of time. it s been able to dodge the negative headlines over the last year and more. i think the most important thing here is interest rates are low and the fed is transparent. you re taking monetary uncertainty off the table. at the same time, you have earnings growing nicely here, beating expectations by the best pace we ve seen in about five or six quarters. so the two most important things for the market historically, interest rates and earnings are playing well in the market s favor. the market is looking to the horizon, not the daily news right pow? and it s not been a sorry about economic momentum that is principally the factor driving things. one thing about the retail investor i wanted to add, we have the imx we received last week and the retail investor has been more involved over the last six months consecutively. i would say that s mott the full population you want to see of retail investors involved, but i think they re getting smarter about how they are being involved. if i could just mention one thing that so many retail investors watching the show, next monday we re starting called mini options that will be one tenth the size of regular options trading at the exchanges. so that may help some of the retail investors on the sidelines. it will hoe allow them to participate in the stocks because of their price price so many people out of the market for the retail investors. the exchanges are being smart about helping them get more involved. joe, gene, david, thank you for joining us. pretty much across the board, we didn t have any bears around. but when you say bull session, sometimes people think of other things. we ll see how it all works out. thanks, guys. when we come back, we re going to talk data as we do every morning. there are economic statistics and corporate reports. but there s a booming industry devoted to what s called big data. computers are compiling statistics on everything from how much money you spend to how much you re parked at your local mile. how are companies using this information? why should you care? we ll explain it to you right after this. i m a conservative investor. but that doesn t mean i don t want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what s your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. no they don t. hey son. have fun tonight. back against the wall ain t nothin to me ain t nothin to me [ crowd murmurs ] hey! 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joining us now is one of the leading analysts of the leading database companies. cash vangon from bank of america merrill lynch global research. we know there s all this information out there, but what are companies doing in terms of mining it? there s a lot of comparative intelligence to be gleaned from it. the way you look at big data is if you re not using big data analytical technologies, you re probably a loser. this is one of the biggest deals, biggest revolutions that have happened in the software industry. give us an example. if you re in oil and gas, geophysical exploration, you collect all the information to where oil could be. to be able to synthesize it and pinpoint with accuracy where am i going to place the drill to ensure a high degree of discuss, that s one example. how recent is this? we know companies have been trying to do stuff like this for a long time, but is it the computer databases haven t been there for a long time? we ve always had big databases. but what we were missing is the sequence that intk you as a consumer. the data that you generate with your smartphones, that has not been captured the. the front end that leads up to the back end has been able to predict whether you would make a transaction or not, that s what we re talking about. so what companies are poised to take advantage of this? i would guess big companies like an ibm. who groups of companies. you have your traditional players, oracle, ibm, sac that have had a good back end offering. but there s a whole group of front end companies that have number technology, tipco spot fire, click technology. that means nothing to me. what are they? i live in san francisco, right? right. so a ten-minute walk radius, there s half a dozen of companies that are big data companies. what business res doing the most interesting things? i m not talk, the software. who in the oil and gas world or in the consumer world is taking this data and doing something that s unique? look at ge, jeffrey immelt had a presentation at one of the conferences attended. they re talking about how you can use aircraft engines to emit data every so often to proactively make the case for, hey, this engine needs to be serviced. oh, wow. it s not human innovation. we re talking about machines generating data and is being able to analyze that and proactively say this thing needs fixed before it goes out. when you get into the consumer spaces, there are concerns about privacy or have we gotten past those? dm i think it s going to become a big issue. right now, the advantage that people gain that i actually like that somebody has targeted a specific offer to me that s relevant to me. i kind of like it and i want to be a good consumer as a result. but when it starts to get beyond the privacy issue, i think it s an issue. it s a win-win so far. did you read this story? google hastens to show its concern for privacy. this sefkively a story about big data. they settled the suit this week and it s the first time that this company is going to have to actually deal with states on a state by state level to change their business. and they used to the model was always, you know, ask questions later, effectively. do you think that s changing? well, in my neck of the woods as far as the businesses are concerned, i don t think that they are misusing any proprietary information for their in this case, i think it s a win-win. it s a huge booster productivity. it s a huge competitive advantage. the companies that i deal with don t get into the consumer realm that much. the smaller companies that you mentioned that are now there for the front end, are these companies that you think are going to be acquisition targets, some of the bigger companies that they re doing at the back ends? the way the cycle plays out is the big guys are watching this field and saying let these small guys duke it out with each other. i think it s still too early to go and make runs at these smaller companies at this point and, again, you think it s fortune 500 companies making this run? absolutely. fortune 10, fortune 15. i ve listened to chief information officers from all kinds of companies talk about big data. this is a phenomenon that has rapidly accelerated and has dominated consciousness of i.t.makers in the last two years like no other technology has. this has taken off more rap idealy than i expected. kash, thank you very much for joining us. thank you. hope to see you soon. coming up, an adviser who is changing the world of technology and media has worked with companies include tumbler, synogramm and among others. we have to talk about black jet. that s what i want to talk to you about. find out what he has up his sleeves now and in the future when squawk returns. good morning. good morning. it s a new day. if your a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that s right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. see your doctor, and for a 30-day free trial, go to axiron.com. there ll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you re the chief life officer. you just need the right professional to help you take charge. to help you take charge. today is gonna be an important day for us. you ready? we wanna be our brother s keeper. what s number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let s go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world s cleanest gas turbines are now powering some of america s biggest cities. siemens. answers. welcome back. entrepreneurs are gathering at the nasdaq today for the founders conference, a invitation only event for 100 of the world s top tech founders. among the attendees, co-ceo and founder, sharep nefar. now, you just changed your position a little bit. yeah. i m still an adviser. so i asked you before you came on how did you get here because i was asking if you used blackjet. you have a huge investment in uber. it s a limb know service, but now it s sort of changed. do we call it a cab service? choose between taxis, high end cars, normal cars. and then blackjet, which we ve talked about before which is basically uber, or private planes, that s how mike got here this morning. do you have the app? no, i don t. i actually downloaded the app. do you actually do it a lot? i do. we re launching routes right now, so we re in the founding stage. so we just just launched san francisco to vegas for about $900. it s not really a private plane because i have to share the the plane with other people. it s a private jet but you re sharing the seats on the plane. the model was to actually pay for all the seats on the plane. all of them. that s a waste. so we re kind of democratizing and allowing people to fly across the the country on short hops for 900. you call it collaborative commerce. yeah. a lot of these services that put people together, ab&b to me the greatest risk is that something goes wrong, meaning there s that accident in one of the cars or one of the passengers has a problem or something. and you have this national brand. right. what do you do about that? or, by the way, somebody goes on your couch surfing service and something bad happens in the house. i hope to be the downer. ab&b did that. in the early stages they had a couple incidents like that. the powerful thing in uber is the uber rating. very quickly we know if a driver is 4.8, 4.9, 5.0. those are very good ratings. we also have the drivers rate the customers. you basically can see if someone is a 4.5 or 4.4 they re going to be out of the system at some point. invested in some of the biggest tech companies or social media companies. you started a new company. sherpa. not an incubator, i m told. no. so, tell us what it is. scott sanford and i from goldman sachs, he led the internet practice there, did facebook and linkdin. we haven t announced all the details, but we re basically trying to build a new kind of investment platform. is this a venture firm? no. this is for individuals. give us a little bit of a little bit is what we already talked about. there s going to be actual corporate members who are investors. there s going to be actual entrepreneurs who are members. and there s going to be a lot of interesting things happening between them in terms of ideas and assets and resources. i m still not getting it. you re partnering with big companies. tech companies? you re limited on terms of i promise i will come back the day we announce. there s been big debates about whether venture is a good business. yesterday carlile throwered their threshold to $50,000. from 5 million. post bubble people say venture is a horrible business. is venture now a better business than it used to be? is it a good business? should they be trying to get into funds? there were a set of pioneers who helped create the venture business not too long, 30, 40 years ago. these were young mavericks. they helped invent a new investment vehicle for fuel start-up growth. it was an incredible contribution and it will be a major part of our economy for a long time. venture business isn t going away. powered by technology and the entrepreneurs themselves and the lowered cost of starting businesses and the ability to scale them really fast on mobile to hundreds of millions of absolutely billions of people. and that creates new form factors. that s where i think there s parallel side by side interesting new types of where are you on evaluations in the valley now? overhyped? underhyped? just right? just right. i think the companies that are growing at historic speed like uber are when we led that round put $26.5 million into uber, it was only in three or four cities. a lot of people thought that we overpaid. now they re all trying to get into the company. it s, you know, if you can calibrate your analysis right about company on the founding team and when you have special founders like travis and teams like that, you just got to get it right. let me ask you a final question. we re going to find out from samsung what this new famous device is tonight. there s a huge debate between apple/android platform. do you have an opinion? i think larry page announced activations was something like 750 million activations. at the end of the day this is the same story between what happened between apple and microsoft. when you have an open model and closed model, open always wins. so apple loses? would you own apple? i do own apple. you do? yeah. and i own google as well. are you making a bet that it goes back up? i owned it when it was much lower. still to come on squawk, more of the morning s top stories. and jay jordan on the appetite for making moves in the market and the hottest game right now. the multibillion dollar story straight ahead. i know what you re thinking. transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you re thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it s no surprise to you that companies depend on today s xerox for services that simplify how work gets done. which is.pretty much what we ve always stood for. with xerox, you re ready feal business. investor. yeah,ty much whaibut i m a busy guy.oror. it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i m paying. i want to use the same stuff the big guys use. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. how long can the rally run? how long can the rally run? the dow having its first nine-day winning streak since 1996. we take a closer look at what s driving market momentum with guest host jay jordan of the jordan group. from the almighty church to the almighty dollar, have the prayers of currency traders been answered or is the recent move of the dollar a sign of the apocalypse. we hear from joe trevasanni. inside the the world of minecraft. how is this company disrupting online gaming one block at a time as the second hour of squawk box begins right now. good morning and welcome to squawk box squawk box . we do have green arrows. dow opening 29 points higher. nasdaq up. washington budget battle escalating today with senate budget committee expected to approve a democratic version drafted by washington senator patty murray. late yesterday the the house budget committee passed a republican plan which takes a completely different approach. we re going to talk about the competing budget plans with steny hoyer in the next hour. home repossessions fell 29%. they re at the lowest level since 2007. the total was 45,000. that was half than at peak total in march 2010. amr is asking a judge for more time to file its plan to exit bankruptcy. the the current deadline is april 15th. the airline is asking for an extension to may 29th. it needs the extra time to in corporate its merger with us airways. if you haven t been paying any attention the last 24 hours or so, we have a pope. he greeted tens of thousands crowd indeed a rainy st. peter s square yesterday. the former archbishop of buenos aries. cnbc s mary thompson will be here shortly with more on the new leader of the catholic church. a number of important economic tasks before the bell this morning. weekly jobless claims. february producer price index. and the fourth quarter current account. benefits are seen rising by 10,000 to 350,000. likely increases by 0.7. core component ticked higher by 0.1%. private equity deal maker jay jordan is joining us now, chairman and managing principal of the jordan company. also mike santolli, finance senior columnist. jay, welcome to the set. great to see you again. thank you. it s great to be here. all right. private equity had rough years when we were looking at all the troubled markets that were out there. now that we re seeing new highs how does that change things? it is pretty robust right now. still remains very competitive. coming out of 2008-2009 cycle and recovering nicely. so it is a major asset class among investors and will continue to be. right now we re enjoying a pretty good uptick? what do you mean? it is very, very competitive. we will see fallout on the 2008-2009 meltdown created problems for a number of firms in their ability maybe to raise money. dodd/frank created tremendous barriers to entry. a lot of forms aren t going to be able to afford registration. who is going on out of business? well, i don t want to name names. the the bigger names? well, the bigger names are by directive and legislation not going to be in the business, okay? that s part of the whole volcker situation which hasn t been implemented yet. but a lot of small firms aren t going to be able to comply with dodd/frank. while the competitive environment is still there it s becoming less competitive. you have an exit strategy. you can take it back to market and back to an ibo. and you may have less competition for people fighting for the the same kind of deals. that is true. we sort of take it out of focus. we consider ours to be a highly competitive world. we tend to enjoy some advantages. as a matter of fact, i m our firm s chief s compliance officer. you are? i am. absolutely. i want to make sure we have a gold standard of compliance. the only way to do that is do it yourself. that must eat up a huge amount of your time? it has, yes. it is very important that we comply to the 20th decimal point. i want to make sure we do everything right. a lot of wasted time. i think statistics are there s 55 million hours now of time dedicated to complying with dodd/frank across the board. that 55 million hours annually could be used more productively in generating and growing the economy, creating jobs erbgts. if i could just get you to talk about the environment right now we re in. so high yield is yielding. it s under 6%. the markets are nagging private equity players to come in and do things. cash flow, you are above that. i m surprised there hasn t been more deal activity. they are making that adjustment for you. you re right. high yield is on fire. it s a very scary thing. who knows about the timing. you re correct in one of the things we are careful of. we are one of the few who had no defaults in the cycle. no covenant renegotiations. we don t use a lot of ledger. we are not risk averse but we look at the down side. we price and structure deals on the down side. you re starting to see some of the old bad habits. are we building another bubble? we could very well be building another bubble. and we just have to wait and see. but you re right. i think the pace will pick up dramatically if rates stay down. in the context of dell, there s been a lot of questions about the dell transaction. you don t need to speak to dell specifically but i would be curious your views. we had leigh-ann cooperman here last week. the managers know stuff that the public doesn t. and therefore somehow the public is always going to be effectively ripped off. if five years from now this dell transaction works out and it s spectacular public shareholders would say why can t you do that in the public markets and do it for us. carl icahn certainly agrees with you. that s the the argument. that s the frame of what s happening out here. exactly. we have never done a public-to-private transaction. so we don t have experience in that. on paper, you re 100% correct. it doesn t look good. in the dell case you have an entrepreneur who owns i don t know how much he opens but he has a lot of skin in the game. the question is is it a fair, open opportunity for others to step in. with michael dell being the real horse you question that. i don t know. but you could make your argument. you can make a case for what you re saying. again, i don t have direct experience so i m not going to comment further than that. there is a strong sense that could occur. what arenas have you been looking for new potential deals. we look theme atticly. there s some pretty common themes globally. health care, energy. we kind of look in those areas wherewith we can see long-term growth. also, the emerging markets are very, very attractive. 85% of the population. we tend to look out 10 years. we re long-term players. our senior team has been investing together for 20 years. so we haven t lost anybody. so we can afford to take it s not a revolving door at our firm. we look at these long term health care and pan-asian is interesting. we have a big operation in china. so these are the kind of themes we look at. high value add manufacturing. it always stayed in the united states. the value ed component in the u.s. has always been fairly strong. we love it. we come out predominantly balance is probably 60/40 services or other. but back when i started out it was probably 80% phfrgz and 20% other. so our world has shifted and our tphrof any has shifted as well. jay and mike are guest hosts. they will be with us the rest of the program. disruptors thursday. coming up next, invite-only conference taking place at the nasdaq. we re going to speak to the former ceo of huffington post. and if you have kids, probably have heard of minecraft. think of it as computer legos. they take changing the gaming world one block at a time. we have the cea coming up right after the break. eak. he he i you i [ female announcer ] you re the boss of your life. in charge of long weekends and longer retirements. ask your financial professional how lincoln financial can help you take charge of your future. . here . here we go again. another another record close for the dow yesterday and its longest consecutive winning streak, nine sessions in a row, the longest it has seen in 16 years, you can see green arrows once again. dow futures up 31 points. s&p up over 4.75 points. the legal battle over new york city s ban of large sugary drinks is set to continue in june. a ruling struck down the the the new law hours after. the ban, which has been set just set to take effect was set to take effect, i apologize, this past thursday. would have barred restaurants, movie theaters from selling larger than 16 ounces. that s a small cup you have there. i don t think that would have counted. this morning we are highlighting some of the great entrepreneurs and disruptors. invite-only gathering of the 150 top tech company founders. joining us now on the set is eric kippo. former ceo of huffington post. also former ceo of ziff davis. what are the biggest ones? maker bots. my prescription is a little more complicated. they won t do it i have one question for you. you obviously ran the company. it sold to aol for a lot of money. people thought it was a great deal. all the reports say you didn t want to sell. given where the markets are today and given all the confidence, do you wish you would have stuck with that? first of all, all of us are very happy we sold the company for the the price we sold it. but i was on the record to say i thought if we had stayed the course we could have taken the company public. with huffington post we were able to build the brand that defined digital news on the web. breakaway brand, very successful company. it was profitable when we sold out. we knew exactly what to do wit. we could have taken it public. what do you think it would have been valued at now? a billion. a billion now? two years later? yeah. that s incredible. talk to us a little bit about buzz feed, social media, where you think all of this is going. there is a huge revolution in terms of marketing and the way that brands go to market. that s revolution fueled entirely by social media. brands today have become publishers. they are constantly publishing their message. it s all going in real-time. and the amount of content and the amount of publishing and the amount of expressing their voice and message has gone tremendously up. so platforms help the brands manage this real-time publishing. can we care that so much news is reverse engineered? when you look at buzz feed and one of the things they re doing is looking at what s popular online. what is the big issue of the moment. then they write about it. traditionally news write about what s newsy and then it becomes popular. certainly that was the root of the company. as you know, they have hired a large professional journalistic team led by ben smith, who was at politico. they are reporting on politics, current affairs and entertainment. where are you on facebook as a social media platform for the future? does it work? does it not work? is it gaining steam? losing steam? i think it s gaining steam. the redesign of the news feed that mark zucker berg just announced will make it even more attractive. a lot of people spend a lot of time on facebook. will will google ever get there? google plus or whatever it is, does that ever make it? google has the resources and long-term vision. i would say they ll have a place. where is twitter on this? twitter is fantastic. it s my social network of choice. i find it incredibly useful for professional reasons as well as personal reasons. but it s where the news iss breaking. i m constantly on twitter. so are hundreds of millions other people. it s very popular. who is going to buy twitter, by the way? twitter will go public. how much do you think it s worth? i think the last valuation was $10 billion. the early markets, we saw this with what happened in facebook, the early investors, the premarket before the market, is that messing up the idea of a technology ipo being a successful takeoff again? i don t think so. of course everyone goes back to the facebook fiasco, although it s getting steam again. for every facebook you have a bunch of companies that has done very well. linkdin had a good high yesterday. do you have a question? go ahead. all of this in terms of how brands are marketing themselves and utilizing social media, is it all additive to the overall marketing pie or just a different form of what we re already getting in other forms? it s a completely new form. never before have markets been able to have this one-on-one conversation with people all at once. so it s a brand-new form of marketing. is it additive? yes and no. at the same time they are shuffling some of the money available for marketing. real quick, new york. you actually do your business in new york. a lot of disruptors are from the valley. is there a shift happening. is it really here now? absolutely. new york is booming. here to stay as a tech center. it s big in the valley. i don t think they are trying to replicate what s going on in the valley. commerce, media, publishing, enterprise, marketplaces. all the thing that new york has a whole history. it s still the second city when it comes to technology. out pacing everybody else, including boston and austin. will it be big in the silicon valley? i m not sure that s the kind of race you want to be in. the fact is it s traps forming the economy of new yorkment that s the important part. thank you, eric, for coming in this morning. appreciate it very much. coming up, the best-selling xbox live arcade game ever. if you haven t heard of mo jane you have definitely heard of minecraft. [ man ] i ve been out there most of my life. you name it.i ve hooked it. but there s one. one that s always eluded me. thought i had it in the blizzard of 93. ha! never even came close. sometimes, i actually think it s mocking me. [ engine revs ] what?! quattro!!!!! [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] it s so close to the options floor. [ indistinct shouting, bell dinging ] .you ll bust your brain box. all on thinkorswim from td ameritrade. otherworldly things. but there are some things i ve never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don t seem so.far away. welcome welcome back, everybody. fans of the tv series veronica mars, the series creator rob thomas launched yesterday to try and fund a big screen version. well, the campaign reached its $2 million goal less than four and a half hours after it was posted. at last count more than 33,000 contributors pledged $2.1 million. the movie is now expected to come out in the summer of 2014. big screen of squawk box . maybe we will post ourselves for that when we come back, sending warm wishes to pope francis. what s ahead for the new leader of the catholic church. from the almighty church to the almighty dollar. we ll take a closer look at what it says about the state of the global economy right now as we head to break. here s a look at currency this is hour. squawk will be back after a quick break. (music throughout) why turbo? trust us. it s just better to be in front. the sonata turbo. from hyundai. welcome back welcome back to squawk box on this thursday morning. in the headlines, we re about an hour away from a flood of economic data. 8:30 a.m. eastern time. february producer price index, fourth quarter and weekly jobless report on initial jobless claims, all those. plus, walt disney is delaying the launch of its newest video game infinity. it originally planned to launch in june but it wants to take advantage of more favorable retail season. infinity allows users to put disney and pixar characters into different video games. and samsung beat out apple as the top seller of smartphones in 2012. phil schiller is blasting samsung and google s operating system in advance of the event. he said the the system is fragmented and that the new phone will debut with year-old of wear. so the battle is on. argentine more way bergoglio the first pope from the americas and the first from outside europe in over a millennium. a look at what s ahead for the new pope. who was that and where were they? 741 i believe the year was. it was gregory iii. he hailed from syria. but this time of course the concave elected the archbishop of buenos aries after five votes. a reformer in the 1200s who lived a life in simplicity and service to the poor. his election latin america s importance of the church. archbishop advocated calling latin america the the most unequal region of the world. having seen great growth while reducing misery the least. the 76-year-old pope a surprise choice. many expected the church to opt for a younger leader to take on its many challenges. among then the ongoing sexual abuse scandal, a declining flock. and reforming the in effective curia and cleaning up the mess known as the vatican bank. those familiar with francis say the administrative skills will seven him well in rome. catholics hoping for a change on the social front will likely be disappointed. the first jesuit to saebd to the papacy he resisted changes championed by the more aggressive wing of that ready on, sticking closely to the church doctrine while still speaking of the importance of respecting gays. and he accused fellows. coming up, paul ryan s plan for budget trickery. according to steny hoyer it is. and checking the futures right now, green arrows across the board. squawk is coming back right after this. next, if you ve never heard of minecraft, don t worry, your kids have. we ll talk to the ceo behind the viral computer game. his company famously rejected a partnership offer from shawn parker. revolutionizing an industry can be a tough act to follow, but at xerox we ve embraced a new role. working behind the scenes to provide companies with services. like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%. and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how s that for an encore? with xerox, you re ready for real business. only hertz gives you a carfirmation. hey, this is challenger. i ll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it s just another way you ll be traveling at the speed of hertz. welcome welcome back to sidewalk. nasdaq up eight points. nine days straight. the last time you had a rain like this was 1996. it was a longer run. it wasn t just nine days. it s still the longest run. let s talk about some other headlines. a company where the markets are pretty important. citadel selling its entire stake in e trade. this is when things get better for them. all the asset managers to me amendmented the fact that the public is going to get more excited about the markets. he trade was a restructuring story. citadel came in and gave some capital. it s a successful exit but it wasn t a straight line path. a lot of people think there are underpinnings to this. you have concerns about the jobs number, one of the strongest points. right. i m one of the ney sayers that believe these are somewhat a sham. 7.7%. if you look back and you use the same participation rate a year ago or if you use that for today s comparison, done employment 18.5%. janet yelin s point has been until we see the unemployment rate improve without the participation rate being a factor the fed is not going to take its foot off the gas. when obama became president to today, unemployment would be 10%. when i got in the business it was 4% unemployment. those that didn t want to work and those that couldn t work. if those migrate up to 6%, 7%, we have real problems. i tend to think that full employment rate is not 4.5%. it s going to be 6.5%, maybe as high as 7%. that s the new normal theory? that s a real issue for this country. real issue. we don t know how much of that decline in the participation rate is going to see like a demographics. we just don t know how much of that is a part of it. steve tkpwhraoes man has done a little bit of work on it. he s under the the impression heights half. and the other half is a sick cal, slow uptake. to me my biggest concern is we were looking at three-month average of jobs created per month, 240,000. that s what we made last year. then it ebbed from there. you have something going on. seasonally in the winter we have tail winds. i don t think we re in the same point of another real double dip watch necessarily. but we have to be cognizant that the market rally to me has not been about the economy is booming and we re just going to ride it. if that were the case, alcoa and caterpillar would not be the worst stocks. if you look around the globe, the china issue and the potential slowdown there. starting with zero interest rates going to 6% high yield. that s all we re doing. i happen to believe also this qe3 plays a big role in risk in the market. when the fed stops printing money we could be in for a roller coaster ride. my judgment, and i m obviously not in the stock trading business, but you see how it has affected the markets. no argument that the fed has had a massive, massive has been a massive part of the reason this has been happening. but you do look at consumers consumer numbers have been good. retail sales number were better than expected. jim cramer has been pounding the table on this. you look at a lot of numbers, people are feeling better. consumer confidence is up. maybe that s what the fed has been doing all this time, has had a real impact. a lot of the consumer spending is coming from releveraging. are we going to build another bubble? nobody knows. we really haven t figured it out. i m not a big fan of what the food is doing myself. where do you think we would be? you said you re not a fan. well, i m not a fan of basically stealing from the investors. i m not a fan of defacing the currency. let me read you something and you tell me who this quote came from. by this means fractional reserve government, may secretly and unobserved confiscate the wealth of the people. not one man in a million will detect the theft. that s what s going on now. now, who do you think made that statement? i d say canes. john maynard canes. good for you. that s a good question. but long term this is not healthy. nobody has deledgered a central bank balance sheet with 3 trillion dollars plus. what s going to happen when that starts? i grant that. i do think that s the devil will know which is preferable. the balance sheet was a trillion dollars before we started this mess. did we have have any idea it was too big, too small? in the early 90s the fed was doing a similar thing by keeping the curb steep. they did it with interest rates and not with putting money in. have you heard of a company called minecraft before you were here this morning? no. i m not a big computer guy. you will be an addict. it s because you don t have kids between the ages of 5 and 15 right now. those of us who do have children that age know exactly what this is and know it all too well. it struck gold when it came up with the game minecraft. 56 million registered users. privately held company is said to be valued at more than a billion dollars. but its greatest success is also its greatest challenge. joining us right now from stockholm is the co-founder and ceo. thank you very much for joining us this morning. thank you for having me. it sounds like we have a little bit of delay. but you are a rock star. in fact, one of my daughters natalie asked if i could get your autograph today. i had to explain that you were overseas and wouldn t be able to do that. in our household and many, many millions other households minecraft is the number one pastime for kids when they start going to look for any sort of thing to do they run to minecraft. tell a little bit about how this works. sure. minecraft is a sand box game. where players are able to place blocks. they are one by one by one meter usually. and basically you can create anything you put your mind to. it s a very creative game. you can play it two different modes, either creative mode or survival mode. survival mode is like it sounds. you have to battle to survive against different mobs et cetera. it s basically a tool where you can create anything you can imagine. you know, the game has taken off. when i saw it the graphics looked old school. the kids love it for the imagination they get to put into it and the creativity. but it has created a little bit of controversy. some people say it is an educational tool. some schools required their students to play it. do you have any research that shows this is actually something that helps with the child s education versus something for entertainment and creative purposes? we don t have any research on it. i think we re more than 500,000 students worldwide using minecraft as a tool in education. but it s still early. and, you know, what we do know is it s very engaging for the students and they really enjoy using mine craft in school. but the kids do like using it. how did you stumble into this? how do you think it took off? i didn t come up with the the game. my friend and colleague marcus person, he made the game. i actually hired him in my previous start-up. and he started making minecraft in his spare time. when things took off, him and a friend jacob porser asked if i knew anyone who could help build a business around the game and i sort of pointed towards myself. they thought that was a good idea too. so we started the company in 2010 in october. and it s really been flying from there. coming up, with a game like this that is so incredibly popular, that is really difficult to do. shawn parker came to you and was interested in buying the the company, making an investment in the company. and you told him no. why was that? well, when we started the company we put together strategies and a vision for the company. one of them was we want to create the work environment and the company that we would want to work for. and we believe that that requires our independence and we can do whatever we want. we don t want external influence. so basically we turned down every single offer from different firms and gaming companies, investors. and sean 35rbg parker was one of them. it s not every day you get an offer like that. but in our world it was pretty natural and an easy decision. so how do you follow up on the success of minecraft? what s your plan for what comes next? i think it would be very hard to follow up another game with the same kind of reach as minecraft. but we are constantly developing mine craft in different ways. we re taking it to new platforms. we just announced a new server service which is sort of an ec online line hookup for players online. minecraft is constantly evolving and we re doing that together with the community. minecraft sort of has its live on its own. we just try to make the most of it. carl, i guess your end game plan is eventually to take the company public. is that the game plan? if so, when do you expect that to happen? no, we re not taking it public. ever? i don t think so. right now we re just enjoying the ride that we re on. and we re really happy with the position. and we think that, you know, this is the best for the company at this time to stay independent and don t go public or take investments. okay. carl, we want to thank you very much. again, this is our rock star moment of the morning, at least as far as my kids are concerned. thank you for joining us. thank you. up next, the the dollar close to seven-month highs. positive data on the u.s. economy continues to score optimism. we ll talk about the the dollar and how you can profit from it right after this. at the top of the hour, we welcome the head of u.s. trading at bank of america, merrill lynch. and the minority whip steny hoyer. 8:40, big east commissioners on the future of the conference and much more. squawk box will be right back. [ construction sounds ] [ watch ticking ] [ engine revs ] come in. got the coffee. that was fast. we re outta here. [ engine revs ] welcome, back, everybody. the dollar getting a boost after surprising strong retail numbers. the yen falling under pressure. the chief market strategist at worldwide markets. joe, surprising this morning actually saw the euro back under 1.29. did that catch you by surprise? not really. the u.s. economy looks good. we ll see if it plays out over the remainder of the year. you get good figures the beginning of the year and then it fades. it still has the fed. and qe infinity. they announced they re going to do this forever. once you do it forever it stops changing the levels of trading. and the euro of course you have a little bit of politics. the euro problem as it always would. the elites are never going to give up on their plan for the euro. now you have political problems in italy. you have a lot of drags in the euro. plus, european growth is terrible. and european unemployment is terrible. we can only be glad we don t have that kind of problem here. when you look at the yen, and the bank of japan strategy, there s good strategy? is it going to work? it will work if they do it. i don t mean to be factious on that. the markets have move on what the boj have said they are going to do. they expect that they will. they haven t done anything yet. this is a history going back 15 years of japanese bank intervention in the yen. if they do it in coordination with people it s usually successful. when they do it on their own it s not successful. this time they re trying to be successful because it s important on their own. that means they re really going to have to come in and move the markets with actual intervention. we haven t seen that yet. the market is in a pause right now. i really think they have to come in. do you think there could be a really quick turn around and the yen could strengthen if they don t see these immediately. yes. there was a story that said this would happen before april. if we don t see some moves in the next couple of weeks. the japanese have to know this. they ve been through this before. a lot of institutional memory about intervention in the currency markets. so i think they will have to do this. they have staked a line and they have seen the swiss national bank be successful. so i think they will. and if they don t it will then the market will wait a few weeks and then start the other direction. if they do, we have already seen the low force these. i think you could get especially if they surprise the market with more than expected as i think they should do, move to 100, 102. i think that s what they re aiming for. if you although at what you expect to have happening i m guessing you think it strengthens from here. i think it does strengthen. as i said earlier, the u.s. has has looked good in the beginning part of the past three years and then it has faded. that could detract from some of that. the italians could not put an anti european government. the fear has to be there. so there s possibilities. one of the things we have seen is obviously the firming with u.s. equities performing well. have we had a disengagement where you needed it. the equities to my mind are trading mostly on central bank policy. it s not tremendous economic news. it s relatively good. is that enough to drive to historical levels? i have my doubts. it seems more that there s fed involvement there. so if you take that out then you do have a disconnect. and i think we re going to continue to see that. joe, thank you. my pleasure. coming up next, more on dow s fine-day rally. and minority whip steny hoyer calling the budget plan trickery. the next hour to explain. squawk is coming back with a very big hour. i remember the day my doctor said i had diabetes. there s a lot i had to do. watch my diet. stay active. start insulin. today, i learned there s something i don t have to do anymore. my doctor said that with novolog® flexpen, i don t have to use a syringe and a vial or carry a cooler. flexpen® comes prefilled with fast-acting insulin used to help control high blood sugar when you eat. dial the exact dose. inject by pushing a button. no drawing from a vial. you should eat a meal within 5 to 10 minutes after injecting novolog® (insulin aspart [rdna origin] injection). do not use if your blood sugar is too low, or if you are allergic to any of its ingredients. the most common side effect is low blood sugar, which may cause symptoms such as sweating shakiness, confusion, and headache. severe low blood sugar can be serious and life-threatening. ask your health care provider about alcohol use, operating machinery, or driving. other possible side effects include injection site reactions and low potassium in your blood. tell your health care provider about all medicines you take and all of your medical conditions. get medical help right away if you experience serious allergic reactions such as body rash, trouble with breathing, fast heartbeat, or sweating. flexpen® is insulin delivery my way. covered by most insurance plans, including medicare. find your co-pay cost at myflexpen.com. ask your health care provider about novolog® flexpen today here we are, me and you on the road and we know that it goes on and on [ female announcer ] you re the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. oh, oh, all the way oh, oh the the dow on a nine-day winning streak. we re going streaking. will uncertainty in washington over debt reduction halt the rally? we ll ask house minority whip steny hoyer what it will take to get a deal. weekly jobless claims and the price index for february due 8:30 a.m. eastern time. the third hour of squawk box begins right now. welcome back to squawk box on cnbc. joe is off today. still skiing. we re going to see him back next week. chairman of the jordan company and the chairman of the university of notre dame s endowment. the senior columnist at yahoo! finance. more from them in just a minute. first becky has your morning headlines. thank you, andrew. the dow is now on a nine-day winning streak. by the way, that is the longest consecutive run since november 1996. the dow transports closing at another record high. the broader s&p index is within striking distance of the all time closing high of 1565. that is just 11 points away at this point. u.s. equity futures higher. up 32 points. s&p up just over five points. overseas and asia, big gains with the nikkei. in europe, you see some additional green arrows. da x-up 0.8%. ahead of that event rival apple going on the defensive. the marketing chief attacked samsung and google s android software calling it fragmented. in housing news, a sharp drop in u.s. homes lost to foreclosure last month. efforts by some states to buy owners more time in order to try to avoid losing their homes. foreclosure listing firm reality track said it fell 11%. foreclosures at their lowest level since september 2007. the treasury secretary will make his first official trip today. steve liesman will be there. you can catch that at 4:15 eastern today. the dow managing to succeed another day of gains in choppy trading. here is the the america s head of cash equity sales and trading execution at bank of america/merrill lynch. your name is tough to pronounce. is your mother happy with that? singing your praises. and managing director and chief u.s. economist. gentlemen, welcome. dean, you said march 10th if the fed does not withdraw quickly enough, there s a risk of overshooting. how far away from overshooting if we haven t already? we think inflation is not an imminent threat. not as though inflation will be up 5%. this is a risk if the the fed doesn t withdraw in a quick enough fashion. a few years. we re not at the point where things are going to go haywire immediately. where are you on that? don t fight the fed. the fed has stimulated the economy and has pushed rates to where they are. when you look at the equity markets and what he s trying to accomplish, money is starting to gravitate back in. once again the key point is they don t do anything quickly, dramatically. it s gradual in its progress over a longer extended period of time. and i think that s what markets want to see. they don t want to see any dislocations. they want to see things done over a duration of time. do we want to say this is ream work something it s clearly working in the stock market. again, you go back to we talked about this in the last hour. what happens if we didn t do this? where would you go with that? we have all these reserves sitting at the fed that have not migrated into the market and what happens when they do. what they re not doing is locking in these long-term rates 30-year rates. right now we re paying 300 billion a year. what happens when it goes to a trade? game, set, match. it s over with. and we have to pay a trillion dollars a year interest. why isn t the fed trading out on these 30 years. why aren t they selling the 30 years? so they lock in the rates for the the ultimate. when the treasury is issuing debt they re not focused on maximizing their profits. they re trying to provide what the market needs. what the fed is doing is trying to keep rates low to get to full employment. so they re not neither the treasury nor the fed will strategyize to make profits in that way. nobody will buy anyway. i m just talking about the long-term deficit and the long-term debt we have ultimately is going to bankrupt us. these are the cheapest rates we have had since world war ii? is that correct or wrong? i don t know why they don t develop a strategy to lock in the rates so we don t have a trillion dollars in interest. you said don t fight the fed. you said in one of your notes that investors and sentiment is bullish but we re not positioned to be bullish. what does that mean? historically when we said investors sentiment was bullish, everyone is in. they re bullish. they re in the marketplace. so i think a little bit of difference is that folks say they re bullish but i don t think we have positioned themselves bullish in a way. so that quite frankly is that s going on in the marketplace right now. it s the buy-in in the marketplace. i think people think they re bullish but the positioning is not where it is. money flows gravitated to fixed until. it s just now starting to gravitate back. that s a different scenario than the usual, we re all bullish. mike had an interesting point. this year could look like last year. it s not really a catalyst. we know what it s going to be. at exactly the same year-to-date gain. the exact same week. volatility is down. the treasury yield up the same amount. what s going to stop us from basically having this april top and have a little bit more of a rocky summer? i think that s a great point. one of the things that has changed in the marketplace is in equities, fundamentals are starting to trump macro. correlations have gone lower. the the ability for equity portfolio managers to create out sized returns by picking the right stocks and not loaning the wrong stocks. i think it s healthy in the equity markets as opposed to in years past it was macro. we watched the greek votes and equity went up or down. on twitter you guys signed like the bernie madoff breakfast club. don t question bernie. who cares. just go with it. i mean, is there something to be said about that? i think there s a concern perhaps being raised. my concern is when the fed is looking at the cycles, those are normal markets we should try to reach again. they were fueled by asset levels. the the fear would be if we try to get to that labor market again we may need certainly very strong evaluations and perhaps even a bubble to get there. you need a bubble to get there? i think that is immediate concern with this whole approach. jay, if your you re worried about what happens, if you think this is a sugar-induced rally, does that mean your outlook isn t that great either? if the market tanks it probably makes it a lot tougher. i have been doing this for 40 years. this is my fifth cycle. we thrive in times that are rough. i m not concerned about our business. we still have one of the best asset classes in terms of yielding asset encloses among all portfolio. and there is some cyclicality. have you been smart enough to buy in the last two years? i don t know if it s being smart but we have bought in the last two years. in the retail community we talk about m and a. people are buying businesses now. they should have been buying two or three years ago. we took time off. we couldn t figure out what was happening. we made some pretty good deals. he said how do you explain investors fighting the fed by shorting treasuries? you can explain it because everyone can do the math. there s been a treasury bubble that s been too popular in a sense. a lot of them have option trades just as a hedge against inflation. that s perfectly legitimate. i don t know if it s mainstream investment. if one looks at the long run, it is running at 4%. they say, well, that s just not right. our view is that the in the long run that s correct. that doesn t mean yields have to go up a lot right now. where does the market end this year? look, i think the markets the trend is going to continue. the market is going to continue higher. we ll have on some ups and downs along the way. but, 1575, 1600 are some of the price targets. better than saying you re cautiously optimistic. thank you both for coming in. scott and dean, you guys will be sticking around for the jobless claims report at 8:30. when we come back, more about the debt threat. congress weighing competing budgets in the house and senate. but is there any hope for a compromised deal? we ll ask house minority whip steny hoyer and mike arersco is in charge of a dying conference. the future of his conference. [ cows moo ] [ sizzling ] more rain. [ thunder rumbles ] [ male announcer ] when the world moves. futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. all on thinkorswim. from td ameritrade. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it s our fastest and easiest way to get you into your car. it s just another way you ll be traveling at the speed of hertz. welcome welcome back, everyone. the budget battle in washington wages on. we have heard leaders on both sides of the aisle. right now joining us is our next guest who has been hearing on the hill and seeing what he thinks will take it. leader hoyer, thank you very much for being here today. good morning. thanks a lot. good to be with you. we ve been going back and forth and taking a look at these two proposals. the one thing i can say is probably both proposals are dead on arrival when it tries to get the other house of congress to go along with it. where do we stand right now? what do you think it will take to get some sort of agreement on the two sides? well, obviously it will take compromise. we have had a very difficult time getting to that. the ryan budget say rehash of last year s budget and the budget before that. frankly it s an eye dee logically pipe dream masquerading as policy. there are huge holes in it. seeks to repeal the affordable care act. doesn t offer an alternative to it. it leaves about a 5 to 7 trillion dollar hole in revenues to try to balance the budget, which mr. ryan said we will fix by some method of reducing reference items, tax expenditures if you will but doesn t say which ones or how. to that extent it s much like the campaign that roplry and ryan participated in. the senate finance committee their version of their budget did not lay out which tax breaks they would be taking over and attacking. it is different in that it has cuts to spending and higher revenues. every by patterson group that has met, that is a fiscally sustainable path said it has to be a balanced package of revenues and entitlement restraints and cuts in spending. i think that s accurate. as you know, i have said that all along. we need to follow that formula. you have been behind that plan. and the ryan budget does not follow that. i would agree with that. but what we have done the last three or four months made it difficult to get a grand compromise, including raising rates on the wealthiest americans put the republicans in a position where they feel they have given already. and it was not the approach if you re looking at what has actually been proposed they were talking about lowering rates and covering a lot of loopholes. becky, you and i both know it came to raise about $2 trillion in revenues. it did. and 600 billion, which is what we did the last time. very frankly, probably we made a mistake when i say we democrats not going over the cliff and negotiating from that point of view. we need to address all items of spending across the board. it will be difficult on both sides of the aisle. if you take it in decrementally it is better. i like this, i don t like that. but this is a compromise and that s what democracy is about. that s what i was really trying to get to. if there was a do-over, is there a way to do it now? certainly there is a way to do it. but it requires compromise on both sides. as you know very well from watching us, it s difficult to get compromise particularly in the house of representatives. farm bill, violence against women act, than it has been for the house. you have very hard lined thinking. i would say particularly on the republican side a lot of people elected. they have a specific objective. and they came to realize that objective without realistic. a lot of people who don t agree and you have to come to compromise. leader, and i hate to be pessimistic, it doesn t seem a grand bargain is in the off something we don t want this to be a ground game. we would like one great pass into the end zone. are there little pieces where you think there s agreement that could be reached? even little tiny pieces? given where we are, it may be the only way to do it. you know, i think becky is right. each little piece you get, the side that thinks they have one wants one little piece more and one little piece more. they wanted to get to a bar gone. i think he couldn t sell it on his side. there are other views on that i know. but i think that s why it went down. but the genius is everybody is going to have to take something they don t like in return for something they do like. if you do it in little pieces the little pieces are something that one side or the other doesn t like. the reason i m raising the little pieces idea, i m trying to find some common ground where at least the conversation can start. is there one piece, anything you have read in the ryan plan that you would agree with? anything in your plan you think they would agree with? just to get the conversation at least moving. maybe then you can move to a grand bar ban ultimately. we have reduced spending by a trillion dollars over the next 10 years in the budget control act. i voted for that. many democrats and republicans voted for that. we then adopted a super committee to try to get greater reduction and spending. my view would be in a balanced way. they the super committee failed. very bad irrational policy. but we really need to move forward. so, yes, we agree there needed to be reduced reduction in spending. but the balance to that is we need to be increases in revenues. we did a little bit of that. not enough. and certainly when the ryan plan says we need to do more, we agree with that. but there is no plan in the ryan plan. there is no specificity. clearly it s easy for both sides to talk in generalities. right. it s when you get to the specifics. i understand. when you raise the age of medicare eligibility? i think you have heard me say over and over again everything needs to be on the table. but i m not going to adopt individual items because i think the way you goat being able to do everything on the table is to both sides just as tip o neill and ronald reagan set the stage. tip owe need said we need to make social security viable. ronald reagan said, yes, but we need to cut the expenditures. we need to reduce benefits. so we raised the age. in effect, each side got something. they came out together and said, look, we may not like each one of these elements but together this gets to us a place we need to be. america needs to get on a fiscally sustainable path. we have a formula set forth by three or five different organizations, commissions, committees, senators, and frankly house members who have said this is a path to get there. that s what we need to do. leader hoyer, i agree with you. thank you for taking the time. i appreciate it. you bet. nice to see you. inflation and employment. weekly jobless claims at 8:30 eastern. don t go anywhere. e, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i ve switched to charles schwab. tdd# 1-800-345-2550 .i ve been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom form. tdd# 1-800-345-2550 i called one of their trading specialists tdd# 1-800-345-2550 and i bounced a few ideas off of him. tdd# 1-800-345-2550 they re always there for me. tdd# 1-800-345-2550 and i ve got tools that let me customize my charts tdd# 1-800-345-2550 and search for patterns as they happen. tdd# 1-800-345-2550 plus webinars, tdd# 1-800-345-2550 live workshops, tdd# 1-800-345-2550 research. tdd# 1-800-345-2550 whatever i need. tdd# 1-800-345-2550 so when that double bottom showed up, tdd# 1-800-345-2550 i was ready to make my move. tdd# 1-800-345-2550 all for $8.95 a trade. tdd# 1-800-345-2550 can you believe it? 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at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we ve applied for a patent. i m colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. welcome back to squawk. seconds away from jobless claims. rick, you have the numbers, sir. and the survey says, spot on with estimates. up 0.7 on top line ppi. if you strip out the all important food and energy, you re up 0.2. if you look year-over-year headline, 1.7. year-over-year core 1.7. jobless claims dropped an even 10 you to thou from upwardly revised 332,000. 342 to 332. continuing claims a bit lower on the revision from 3.12 to 3.024 million. if you want to put a sharp pencil on it. take a step back, look at the world. i like strong dollar. i guess it s a debate whether it is weak foreign currencisis on the relative trade. interest rates, should they close where they re at right now? a new high yield close going back to april. it does mark something. we closed last year at 176. we are now up even 30 basis points. back to you. stay where you are. more on this data. collarly s chief economist. what do you make of this? let s look at year. the one thing we worried is the increase in gas prices would hurt the consumer. green light. but not fast enough pace to take the fed out of it. in light of a huge rally since november. every time someone talks about a correction, it has been bad for business. i know that firsthand. a lot of people on the sidelines people just looking to invest. to me one more push higher in the stack market just from people sick to death of the pullback that never comes. steve lies mman is preparing for a big interview he has. this really confirms a downward shift. do you agree this is a pretty big number? you know, what i know that it s important to many people. i don t want to dismiss the idea. i would like to see it correlate with a stronger job market. i think anything under 350 is splitting hairs. moving lower, i don t see that it changes the argument or even helps define it. from 1992 to 2,000, 252,000 jobs the a month. that s when you had a significantly higher proportion of the eligible labor force actually working. i think this inflation number is as important as well. not because i think the market will sell off dramatically or it will be linear at this point in time. but they definitely sold off on that headline. you know, i can t believe i m going to let him do this. liesman wants to argue over e-mail even though he s not on set. he said this is a big deal. he said we have broken out of our range. i always respect steve s opinion. just consider he s interviewing jack lew. would i switch places with him? not on your life! whose side do you want to talk on this? i think the labor market improvement we have been seeing are important. they have been giving fuel to consumers. but i think the other data we received, the inflation data do suggest there is a purchasing power hit coming to consumers. more specifically come we expect a 0.7 rise as well in february. this is not faster than we thought. when you came on in the beginning i said to you, when are they going to have to pull the punch bowl. this isn t broad based inflation at this point. consumers are going through a lot right now. we just had the tax increases. they are facing large gas line price increases. while they have been so strong are likely to soften a bit over the next few months. can we get back to the labor market? you said this number doesn t change any debate. of course it doesn t. but it s a process. we have been looking at this for the last two and a half. now, we look at bad rate policy and bad economic policy. yeah, you can find an awful argument out there. there s a record number of people on the food stumps. there is a wealth effect. things do appear to be getting better over time. you don t agree with that? of course i agree with it. i agree we had no government, no fed, nothing, do you think we wouldn t heal over time? we would heal quicker over time. the rich get richer and the poor get poorer. the hope is that the rich get rich enough to start employing 350e people. we walk around the city, bump into people not in this business. now excited do you think the general public is regarding this run equities? it s different. we live in illinois. it is hopefully a little different than the rest of the country. but i agree with you on that. why? we have higher taxes, worse employment rates. the picture in until until doesn t look as good. the government needs more money to get more debt and push it on to uncle sam. i don t see a lot of buzz in equities. and i think there s a reason for that. and the reason is on the sidelines. i think without that excitement it s very telling. we have a two, three, four-speed economy, four-speed investment community. a lot of people camped out. in their various interests. but i don t see anything really changing the categories. i mentioned before there comes a point you see a big flush of money come in. we re on the precipice of that. but i agree with you people look at the stock market and say ho hum because they re on the sideline. it is a great debate. we ll continue it on many i days. thank you for sticking around. appreciate it very much. becky? up next, a new era in college sports. the end of the big east conference as we know it. march madness and the future about what happens to big east athletics. and michelle obama wanted send a mental to american kids about health on sesame street. today is gonna be an important day for us. you ready? we wanna be our brother s keeper. what s number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let s go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world s cleanest gas turbines are now powering some of america s biggest cities. siemens. answers. but that doesn t mean i don t want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what s your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. clients are always learning more to make their money do more. 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(announcer) scottrade. ranked highest in customer loyalty for brokerage and investment companies. welcome back, everybody. russian president vladimir putin talking about the importance of physical fitness. he made an appearance with actor steven segal and called for physical fitness, a modernized for labor and ready defense a system first introduced to the 1930s under stalin. segal rushed into a crowd of children who were trying to pose with putin and he pulled the president out as though he were a bodyguard. as you may or may not remember steven segal, his action films are very popular in russia. i used to watch those movies. not just popular in russia. used to is the key. i wonder if he and depardieu are going to do a movie. from russia with love. the big east tournament is under way. cincinnati was able to advance beating providence 61-44. syracuse took cake of seton hall. villanova took care of st. john s. after this season the the big east will never be the same. mike aresco is the commissioner. mike, thank you for being here this morning. thank you, becky. appreciate you having me. i have to admit i m trying to keep track of everything that s happening. you at this point i m a little confused. football and basketball will never be the same. can you walk us through what happens next. we ve reached a settlement with the catholic seven group as they have been termed. and they will separate and form their own conference. it will take the name big east. the remaining members of the big east will move on and keep our conference going. and it will have a new name. it will be a dynamic name. it will reflect who we are. you will have two separate conferences next year. and we will have some stability and we will all rebrand and move forward. we wanted this to be a relatively clean break. we felt ultimately both sides wanted to get on with business. realignment buffeted the college world. not, you can do about it. you have to adapt, play the hand you were dealt. we want to make sure we have substantial futures for our conference and the other conference will be in good shape as well. both groups got what they needed out of this arrangement. it s going to be a different world, a different alignment. but, again, it will be we hope that both conferences have very strong futures. and that s what this agreement was designed to accomplish. realignment changed things you dramatically. some will result ultimately in positives down the road. right now we have to all navigate through it. there has been a lot of change. it s been chaotic to keep up with it. do you think now that we have seen all these changes take place we are in for a period of more stability or is this the name of the game and you will see more constant change? becky, that s a good question. it s hard to say. you could easily see more alignment coming down the road. we just don t know. that s a question you can t answer. it will be obviously out of our control. conferences have gotten larger. will they now take time to digest to figure out where they are going forward. i don t know if it s on the horizon. none of us do. we will make sure it s the best conference it can be. make sure it has a dynamic name, brand, and logo. we want we want to make sure we have good venues for our championships going forward. we think we have good brands, exposure. a great deal with espn in place. a network deal for basketball to go along. in terms of realignment, nobody can tell. ultimately you can t worry about it. you have to deal with what you have. why did the seven teams split off? why not make one basketball conference? they were concerned more and more schools departed the big east. realignment was taking its toll. they felt they had been buffeted by wins. it was all football driven. they are small private schools. they want to go back to their roots, which is playing basketball. obviously we wish they had stayed in the conference. we think there s a way that could have worked. when they felt more comfortable in a league that was devoted to basketball and olympic sports we felt we had to do this in an amicable way. that was the motivating force behind them. less commonality among the membership. syracuse, pitt, west virginia, notre dame was leaving. that was a factor in their thinking. unfortunately, a lot of this had been in the making for a while. when you have basketball only schools and a significant number of them with schools playing football, basketball and trying to build their program, there is going to be some tension. ultimately this is what happened. now we re trying to figure out, again, what the best path forward is for everyone. mike, i think we re beating around the bush here. this is about money, a lot of money. how much money is at stake. why some of these universities felt they would make more money by not being part of the conference. i m not sure that s necessarily true. when you have those schools, plus cincinnati, memphis, uconn, temple and other major basketball brands, it s hard to say what the money would have ultimately been. i think there was a motivating factor. i can t speak for them. they would have to talk themselves. money has been a key factor. none of us are naive. obviously some of the other conferences have their own networks. they have major tv deals. ours isn t going to be quite as big. it gives us the kind of exposure to build our brand. typically these deals are long term. we think we can grow. we think we can enhance the financials. realignment, money has been a big part of it. as you know, there are some alliances now that don t seem to make much sense. degree gravy figures in. what we try to do is be geographically more coherent. that helps student athletes in terms of travel and other things. but i think in the end, you ve got different dynamics than you once had. you had league networks. you had an emesis on football that may not have been there before. do you think we should pay players? no. i don t think we can. at that point you re not amateur sports, you re not college sports. in terms of trying to help student athletes in terms of stipends, that s fine. once you do that it becomes a labor situation. it s not what we re about. there s a place for pro sports. but the amateur model can work and does work. i know there s a lot of controversy surrounding it. but in the end once you do that you have crossed the rubicon and college sports isn t what it should be. it developed differently in this country than in europe. i don t see that happening. if it does, i think we re all going to be in serious trouble. mike, real quick, does the new league get to keep its automatic bowl bid? yes, it does. and it will keep status for the ncaa tournament. thank you for joining us. my pleasure. thanks for having me. up next, we will head to the new york stock exchange. two mad minutes with jim cramer coming up after this break. tomorrow, legendary investors bill miller will be our guest host. we ll ask him about the market rally and the economic recovery. plus, planning for the fed s exit with special guest allen greenspan. [ construction sounds ] [ watch ticking ] [ engine revs ] come in. got the coffee. that was fast. we re outta here. [ engine revs ] [ laughter ] [ female announcer ] each one of us is our own boss. and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. welcome back to squawk box this morning. futures looking good. dow opening up 36 points height arer. s&p 500 up about six points. jim cramer at the new york stock exchange. becky had had a nice shout out earlier about some of your comments about the consumer. i saw a little tweeting action going on. she said it was just another optimist, moronic comment. people say what does he know? he s siding with walmart and costco and home depot. i m simply listening to the companies. others want to listen to the commerce department, the gasoline tax. there s a lot of good things happening. thank you for bringing them out even in the face of people who just want to talk about how it is all fed induced and a big joke. man, people making a lot of money on this joke. hold on. are we giving bernanke credit then? no. i m giving general mills credit and google credit and companies like i m giving companies like tyco credit for splitting up and creating so much wealth or kraft credit. i m giving american companies that are making a lot of money credit for what they re doing. we can make a judgment that perhaps dupont is not doing well and we look at another 28 companies that are doing incredibly well. i just want believe how well corporate america is doing. it s not bernanke. but some of these companies are not as stupid as they used to be. obviously i believe this quantitative easing contributes to it. and that it s not all just the companies in terms of the risk-on strategy, the speculative bubble that we may be building again. i don t know. what is risk on? does that mean kellogg? is risk on u.s. steel? is that equity? is that a treasury? what s risky? to me a treasury is risky. j&j has a much better balance sheet than any other country in the world. is that risky? i don t know. i m just a hedge fund manager that s come to tv. i don t know what risky means. what stocks are you looking that the morning? 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well, first up, a two-day meeting of eu leaders has been drawing to a close in brussels, and there have been some serious and divisive issues on the agenda. not least, the question of if the eu should abandon its arms embargo in syria and start providing military support to the rebel forces fighting against the regime of bashar al assad. both britain and france say the time has come to get more involved. it is a position that could lead to a major rift in the eu. he is prepared to go it alone. the french president was unequivocal in his comments over farming syrian rebels, with or without his partners. there could be one or two countries who want to block this move because they are reluctant. and i cannot speak for any other country than france. france will accept its responsibilities. britain has also indicated it would consider forming the rebels, but there is resistance from others. consider farming the rebels. i am against it. i do not think you can solve a conflict by delivering weapons. that would only lead to others supplying more weapons to the other side. that position is shared by germany. i ve made germany s position clear. we have a number of doubts about such weapons deliveries to the opposition. the question has to be asked as to if it will worsen the conflict. the council president said there was a determination to find a common european stance. there is a growing feeling of frustration about the humanitarian situation, of course, in syria, and it is a growing frustration about the lack of progress on the political front, but we again are working in the framework of a common foreign and defense policy, and our intention is to continue to work in that kind of framework. the question of if to lift the arms embargo on syrian rebels will now be discussed by european foreign ministers when they meet in a week s time. let s pick up right there. our european affairs correspondent has been watching all of this for us. have i understand this correctly? the eu is divided over the issue, so they pass the buck to the foreign ministers? well, yes and no. it think about it, the normal procedure is that the foreign ministers discuss these topics, so a vast majority of countries in brussels were surprised when they heard britain s cozy and france s push because it was not on the agenda. it was also something that you need more time to discuss, and that is why it has now been made a very vital topic on the agenda of the foreign ministers meeting next week. but there is very strong opposition still. people are reluctant to go through with france and britain s push. the question was why they even put it on the agenda. is that not also some kind of sign that national policies are becoming more important again in his current state of crisis that the european union itself is in. thanks very much for that first update. we will be coming back shortly to talk about another explosive issue. we will be going back to our correspondent shortly. the issue i m talking about is cyprus, but as we have seen already today, people are marking the second anniversary of the outbreak of civil war in syria. tens of thousands have lost their lives. men, women, and children. and there is no end in sight to this bloody conflict. air strikes by government forces on rebel positions, filmed by the opposition. two years on, there is no end in sight. syria s civil war rumbles on, and the number of dead continues to mount. it began as a peaceful protest. thousands of to the streets, not demanding regime change but political reform thousands took to the streets. the assad government reacted with brute force. demonstrators were killed, jailed, and tortured. that galvanized the opposition, and they took up arms. the battle lines are now clearly drawn troops loyal to assad on one side. on the other, the free syrian army anti hottest militias who are growing rapidly in strength. both sides are fighting for their survival. they will throw everything in this to win, or at least not to lose. both sides still get support from outside the country, so they have access to resources and can carry on fighting. the rebels are strongest in the west. they have brought large areas under their control. fighting is still raging in aleppo and homs. the situation is approaching stalemate neither side appears able to outgun the other, but that could change if western nations were to meet the demands of the syrian opposition leader. he wants them to supply heavy weapons to the rebels, but there are fears that could make matters worse. there are concerns that you could create something you do not want. no stable system, no partner for the international committee community. instead, a safe haven for jihadism, a new hotbed for instability and all of the associated risks. the path of diplomacy, now in the hands of the united nations envoy, has so far led nowhere. bashar alabaml assad refuses to comply with rebel demands, and allies, russia and china, won him to stay put. the conflict looks like it will go on indefinitely with devastating long-term consequences for syria. you can see how the structures of the syrian state are disintegrating. it is not just the regime itself that is crumbling bit by bit. it is the state as a whole. that is a big danger to the unity of the country and the region. we are seeing an increasing fragmentation of the syrian state. 1 million people have fled the country. many more have been displaced. 70,000 have lost their lives, and much of serialized in rubble. even when the guns fall silent, it will be many years before the country is rebuilt. this brussels summit that we went to at the top of the bulletin was originally called to address the european union s economic and financial concerns. that s right. although there is broad consensus that progress has been made in dealing with the financial crisis, there are still serious worries about unemployment and stagnant growth. and then there is cyprus. with a population of less than 1 million people, it is one of the smallest countries in the eu, but it is still too big to fail, and it needs up to 17 billion euros to stay above water. the new president of cyprus is the man many hope will put the country on a new track. he has assured his partners that his approach will be different. he says he wants to reach agreement quickly. cyprus may be small, but it s situation is complicated, especially when it comes to its banks. they have taken huge losses on greek debt, yet they have also attracted large amounts of russian money. in 2011, for example, it was moscow that granted cyprus and loan when it was no longer able to tap international financial markets, but cypress is now also facing allegations it launder dirty russian money cyprus is now facing allegations it launders 30 russian money. these concerns have held up an agreement for months, and in this case, time really is money. the longer you wait, the more difficult the problem becomes. because the investors who could have perhaps taken some of the losses have naturally been getting their money out of the country as quickly as possible. cyprus accounts for just 0.2% of the eurozone economy, but what happens in cypress will have repercussions far beyond its shores, affecting overall confidence in the euro. that is why european leaders are feeling the heat. let s go back to eu headquarters in brussels, back to our correspondent. we heard in that report, time is money. nevertheless, eu leaders are passing the issue in this case to their finance ministers. grazing when you see how it works, but that is just the way it has been done. there are a lot of technical details that need to be discussed, and a meeting of eu leaders is simply not the right platform. that is why finance ministers are arriving this afternoon to discuss how exactly this bailout package can be put together. also it means possibly involving russia, the russian state. possibly also involving private creditors from russia, from other countries, from the very beginning, that they would have to accept that they would lose money, but all of this needs to be discussed in detail, and we are expecting a very long discussion, but hopefully, we will have a package and finance ministers can come together again next week to seal it off. we look forward to hearing from you later. thanks very much. to another difficult to solve problem who can govern italy? that is the question on the mind of lawmakers convening in rome. it is the first time the italian parliament has come together since last month s inconclusive election. pier luigi bersani [applause] center-left bloc has a majority in the lower house but not in the senate. the potential comedian and lager that a grillo comedian and blogger beppe grillo has refused to join. we all know that protracted political wranglings like those in italy can have an impact on the markets. we go to the frankfurt stock exchange for more. how are these negotiations in italy affecting the country s credit? those discussions and negotiations lead to uncertainty, and the discussion about cypress leads to this uncertainty, but the situation in italy is the problem because the fact that italy is the third largest country in the euro area. this really leads to the fact that the yields go sharply up for italian bonds, which means that it will be more expensive for the italian government to get fresh money, and nobody really knows how long this may go in this direction. any other stories moving the markets today? investors waited for new economic numbers to come from the u.s., and there they are. consumer confidence dropped sharply in the u.s., which leads to a drop in share prices as well. the dax is down by 2/3 of 1%. there is also some profit-taking going after reaching into a five-year high. dow jones opened up in negative territory, loses 0.3%. the euro stays above $1.30. this is the good news. thanks much for joining us. staying on the markets now, regulators in the united states say they are concerned about how gold and silver prices are fixed. the u.s. commodity futures trading commission says it has had a few conversations about if the daily setting of the prices by a small group of bankers in london is open to manipulation. it says there has been no firm allegation of wrong doing so far. oh, boy. well, we are going to be taking a short break, after which we will be seeing something about hope frances, what he has been doing and saying about pope francis. we will also be looking at who is playing in the soccer champions league. formula one, too. formula one, too. welcome back. there is no rest for the faithful. pope francis has been giving an audience to the cardinals. he urged fellow catholics to return to the roots of their faith. he continued that theme on friday, urging cardinals not to give in to pessimism, which he called the devil s temptation. he also praised his president predecessor, saying his resignation was a courageous and humble act. the new pope looked to be in good spirits as he began a two of his audience with the cardinals, including those over 80 who were not allowed in the conclave that elected him. the 76-year-old pontiff urged the cardinals to stay strong as the catholic church sets out to restore its image, tarnished by years of abuse scandals and vatican in fighting. let us not give in to pessimism, to that bitterness that the double offers us every day. let us find the courage to persevere and also to find new ways to bring evangelization to the ends of the earth. the pope paid tribute to the elderly cardinals, saying that young catholics can learn a lot from them. old age is peaceful and pious. as the world s 1.2 billion catholics look back at years of uncertainty, all eyes are on pope francis to set out a clear path going forward. in germany, a parliamentary committee investigating how a right-wing terror cell went undetected for more than 10 years has been hearing testimony from former german interior minister, who says he bears at least partial responsibility for the failure of investigators to find the link to the right wing group. the neo-nazis killed 10 people. he says a grave error was made when police and intelligence agencies did not recognize that the cell was behind a 2004 bombing in cologne. that attack in a mostly immigrant neighborhood injured more than 20 people. to find out a little bit more, we talk to our political correspondent. i suppose it is important to mention at this juncture that he has been a real heavyweight down the years of german politics. he has taken political responsibility for these killings. does that mean he also accepted personal role in the failure of the german investigation to catch up with this right wing sell? he certainly did not go that far today. he said he did accept political responsibility. he is also not the first heavyweight politician in germany to do so. his successor as interior minister has done so before. what is interesting is that he also rejected an accusation, looking back at that specific case, of this bombing in 2004, which in hindsight, it turned out to be right in the middle of this killing spree. he went and spoke to the cameras about 24 hours afterwards and specifically ruled out a link to right-wing terror. having said that, he qualified the comment, and instantly saying it is still open to investigation. today, he faced an allegation that there could be an inherently, that somehow he managed to frame the investigation away from this right wing link, which was not unearthed until five years later. it is complicated stuff. certainly, this investigation has been dragging on for an awful long time now. what we need is some sort of concrete indication as to why it took authorities so long to get behind what has been happening here. what is the explanation? when are we going to get something concrete? federal authorities and regional authorities are still at pains blaming each other where failures actually took place, but authorities across the board failed to connect the dots. this is something that is being investigated in this committee of inquiry, which will report back in september. but we are still about four weeks away from the trial opening in munich. the only surviving member of this terrorist cell. the other two committed suicide. a to looks like the public will have the first real chance to get some scrutiny by the courts of evidence of actually coming up with some answers. for the moment, the questions are still mounting, but the answers are still few and far between. thanks very much for keeping us up to date on this complex and important investigation. more than 300 flights have been grounded it two german airports at the security personnel walked off the job. the 24-hour strike has left several thousand passengers stranded. many flights have been delayed or canceled. the german labor union is pressing for a 30% pay raise of privacy to the workers in the region. in dusseldorf alone, that is the seventh strike since december. saying on air travel, aircraft manufacturer boeing says it hopes its new dreamliner jets will be able to start flying again within weeks. u.s. authorities grounded all dreamliners in january after problems emerged with the battery, causing several to overheat and catch fire. this dreamliner had to make an emergency landing and be evacuated after a battery on board caught fire. that incident and others led to the grounding of all 5787 s in operation. boeing engineers and parts suppliers began an investigation into the source of the problem. the company has presented a new battery. it has three safeguards against fire. our solution is the result of literally thousands of hours of analysis and test, not only with our engineering teams across the boeing enterprise but also with experts across the industry and with the agencies across the globe. boeing is hoping to get all dreamline is back in the air as soon as possible. every week they remain on the ground is thought to cost the company $50 million. north korea has accused the united states of cyber attacks on its internet service. state media says news services have been disrupted and some websites blocked. p yongyang complains it is part of the campaign the u.s. and south korea are waging against the north. the country s leader has been doing a lot of saber rattling including personally supervising a bachelor drill close to a disputed sea border with south korea. the north has already threatened a nuclear strike against the united states in response to new sanctions. p yongyang state television has released images of a live fire artillery drill that has been going on for days now. north korea s dictated seeks to demonstrate his military muscle to the world. the exercise is being carried out close to the disputed maritime border between north and south korea and comes in direct response to a joint military maneuvers being conducted. tensions on both sides are high. if the u.s. imperialists and their followers ignite a spark on our land or sea, we will wipe out the aggressors from this land forever with our own methods in our own way. but analysts say p yongyang s aggressive stance may be aimed at building domestic support. south korean media say there s a power struggle within the north korean leadership, and kim jong un may be trying to shore up popular support. we take a look at other stories making news around the world. china has named its new premier. missed that one. u.s. president barack obama says iran is about a year away from being able to build a nuclear bomb. obama told israeli tv that the u.s. is willing to use military force to prevent iran from getting the bomb if diplomacy fails. nearly 200,000 people have been killed in iraq since the u.s. invasion almost 10 years ago according to a new study. researchers in the u.s. say the cost of the war has been more than $2 trillion. on a very different note, we have a look at sports now. and then there were eight soccer teams, that is left in the champions league. the draw has just been made for the quarter finals. let s take a look. bundesliga champions dortmind. bayern munich will answer the chances. the fixtures will be played at the beginning of april. over in formula one, the world champion books read that to go into the new season. the german driver dominated the two practice sessions at malvern, ahead of sunday s australian grand prix. he was quick is around the circuit. his red old teammate came in second. mercedes was the best of the rest. now, how about this for a stunt? a young man from sweden decided to drive his snow mobile off a ski jump. well, this is what happened. the daredevil soared almost 20 meters up and touched down after a distance of 70 meters. he has been planning is done for six months. he is no stranger to extreme sport. he also holds the record for the longest backlit ever performed on a snowmobile the longest backlit the longest backflip ever performed on a snowmobile. that does not look any better the second time around. that is a great way to end the show. do stay with us. more news at the top of the hour. captioned by the national captioning institute www.ncicap.org