Therefore in deep sadness that i must inform you and it ended indian ocean. The grief stricken relatives of the victim irate after they heard the news initially by text message. Texting the families quote that Malaysia Airlines deeply regret that we have to assume beyond any reasonable job that this has been lost and that none of those on board survived. This along with visual confirmation of debris, some 1500 miles off the coast of australia near perth. The degree photographed independent of one another. Along with this to the area to help search the ocean floor and to confirm that the debris found was part of malaysia. 370. It could take months to recover in a wreck wreckage and determine what caused the disaster of the 777 diverting so far out of its initial course. Russia has entered a new phase, seizing the last military base in crimea. Leaving them to order the withdrawal of all remained armed forces on the peninsula. President obama himself arriving in europe this morning there to convene a g7 meeting in the netherlands trying to make the case with the second round of u. S. Sanctions that are taking a toll on russias economy. We are united in imposing a cost onrush on the action so far. As it was right we pointed out yesterday, growing sanctions would bring mexican consequences to the economy and i would be meeting with it later today with the netherlands and our European Partners as we go forward. Lou meeting with ukrainian counterpart and secretary of state john kerry. Shrugging off any concerns about russia being removed from the g8 referring to it as an Informal Club, the g7 leaders announcing that they had a summit in june in russia. Joining us now is george friedman, a geopolitical Intelligence Firm in austin, texas. And this has all the appearances from this distance, at least on the flailing of european states whether you subscribe them to a g7 group or whether you look at them as nato. Order your thoughts and your analysis . Is going to stand back on the world and not get deeply involved. But in this case are going to talk about this with russia and the United States are looking for a cheap solution and things that are very risky rather than taking a firm hand in the situation. The sanctions that it imposed was absurd and cant have any consequence in the stock market and the fear that the United States is going to do something more substantial. But it probably is not. So its not a bad word. Lou lou assuming the leader of the free world, this is first and foremost a european problem. And a threat from Vladimir Putin. On the world are we not hearing more from Angela Merkel and the other european states, including the uk. One reason is energy. And it does from russia and they are afraid of the interruptions. But the real reason is that europe has invented this notion that they are unimportant and the only thing that really matters is the economy and they are simply not psychologically prepared for the levers of effort to cut into the Defense Budget and they are moving away from any notion of confrontation it was liberated in 1989 and it is terrifying from poland on the way to romania and beyond this around the periphery of russia. The concern about what is going to happen and they are not looking to the europeans for leadership but to the United States for leadership and we are not there. We are not there in your assessment. Are we likely to be better . And in what direction with that finally be asserted, what direction would take us in the europeans . These countries are quite capable and want to be able to defend themselves. They are bordering iran and a major alternative to russian fuel on the list that we wont sell them critical weapons because of what are considered by the state Department Human rights violations. So there are countries that we really need and we are actually alienating our friends. We have no strategy for buying them together and it would seem to me that it is an Informal Club that he had exactly the right. As he . Absolutely. There are things that the United States can do to hurt the United States, give Nuclear Technology to iran in both sides can hurt each other. We have not made direct amends to the region we have every measure and therefore the russians wont respond to and it also seems the risk of unintended consequences. For example, the president meeting with them today before the security the Nuclear Security summit, pushing russia into the arms of china, if you will and that would be a formidable alliance, would it not . That would be a massive strategic mistake and we also have to remember that russia has options independent of china. And they can bring pressure to bear in the baltics near romanias border and now they have a whole lot to bring on the United States and for all the threats we made it would make them very uncomfortable. Lou thank you so much. It is good to be here with you. We appreciate it. On wall street today, the dow jones down 26 points, and s p lost nine, the nasdaq lost that day. Crude oil up 15 cents settling below 100 a barrel. Old felt 25. 1300 and 11 an ounce. Apple reportedly in talks, early talks with comcast about a streaming tv service. Shares of both Companies Move higher on the rumors of those talks stay with us, we are coming right back. To guest on obamacares impact on the balance of power peace of mind is important when youre running a business. Century link provides reliable it Services Like multilayered Security Solution to keep your Information Safe secure. Century link. Your link with whats next. Iwe dont back down. We only know one direction up so were up early. Up late. Thinking up gamechanging ideas, like this dozens of tax free zones across new york state. Move here. Expand here. Or start a n business here. And pay no taxes for 10 years. With new jobs, new opportunities and a new tax free plan. Theres only one way for your business to go. Up. Find out if your business can qualify at startupny. Com gundyes n group is a go. Not just a start up. An upstart. Gotta get going. Gotta be good. Good . Good. Growth is the goal. How do we do that . I talked to ups. Theyll help us out. New technology. Smart advice. We focus on the business and they take care of the logistics. Ups . Good going. We get good. Thats great. Great. Great. Great. Great. Great. Great. Great. Great. all great i love logistics. Lou 108 people unaccounted for in Washington State after a weekend mudslide that left at least eight people dead. The president of a Chicago Transit Union said that there are indications that the operator of a commuter train may have dozed off before the train derailed, Jump Platform and then actually scaled an escalator at Ohare International airport this morning. Thirtytwo people were injured. One of the nations busiest waterways still close tonight two days after a ship collided, spilling gallons of oil into the galveston bay. Joining us now is the ateam and james toronto. Republican strategist and former spokesperson for president george w. Bush. So lets start with how the g8 is not a now the g7, a Nuclear Security summit is underway and the president is met with chinese president and his secretary of state has met with the russian or. To what end . Quite frankly we have 20,000 Russian Troops lined up by the Ukrainian Border and obviously Vladimir Putin has no desire to have to deal with the United States. We have seen the economic tensions have been in place and it has had some impact. Weve seen 20 of the stock market in russia go down. Honestly the currency of that in your low. So they have been impacted him an economic standpoint some somewhat, but theres a lot more that needs to be done. For example putting more sanctions on the Financial Energy sector and lining up the european leaders, which i think it will be difficult to persuade them to go forward on tougher economic sanctions. It seems somehow peculiar to say that we have to persuade the europeans to be concerned about their own interest. But we hear that time and time again, particularly from the republican party. I think that we are talking about the western europeans here who for longer than that have lived under the u. S. Him well and have gotten used to having us defend them. I think that theres a fair amount of truth to that. We are cutting our Defense Budget they have cut theres a lot more. Lou what is the resolution here . I do think that we need tougher sanctions on Vladimir Putin comes back and says that we can visit moscow, thats a sign that hes taking him very seriously. Its a reasonable and symbolic step but obviously the russians dont take that very seriously and im afraid things will get worse before they get better because Vladimir Putin seems to have this number. I feel like the g8 or the g7 is a frat house. And it doesnt matter to him. It doesnt matter to him getting the distinct and we are talking about the reemergence of the cold war and some emergence of the media. And it is absent one elementary fundamental part and that is the european participation. They dont seem to be particularly upset. We hear stories about the concerns that we dont see any evidence of it. We do see their dependency on russia for this. That seems at best the stalemate. The russian your opinion countries are much more dependent on russia than we are. And the question becomes what happens. It would relieve some of that as well. Lou its a splendid idea. The problem is we have a president who wants to keep it off limits. Drilling on federal lands and at that point we are looking at two to three years and that would be a breakneck pace. And republicans have a 60 chance. He has a property cetacean ability. I thought that he was wrong and i ended up looking foolish. But its not that difficult to set the republicans have a very good chance. They have offending seats in 2012 spirits all they have to do is in the states like New Hampshire and virginia where they are putting up competitive things. Republicans generally do better in the off year elections on the turnout tends to be lower. The big question for republicans has been are they prepared to pick decent candidates and so far they are doing a good job with this. Lou i have talked to a number of republican establishment types. And they swear to me that they have a ground operation highly sophisticated digital you. We have never seen that demonstration. Is it indeed they are and will be afflicted and the results in november . Theres been a lot of investment in made on the technology and data side. But when you have to look he on this as well, you have to think that the democrat or not enthusiastic. They are eager to win and they want a victory. And yes, they were come you are right about that, but i think that the democrats are less enthusiastic. To have the independence that feel that they are more in line with them than the democrats. My question is who will win the march madness. Lou youre going to have to do that offline. Because we cannot be involved in such a speculative thing. It sounds vaguely like gambling to me. [laughter] lou mercedes, thank you so much. We appreciate it as well, james. First Lady Michelle obama taking an indirect swipe of Media Censorship over the weekend. Is important for information to be spoken freely through the internet and the media and that is how we discover the true. That is how we learn what is happening in our communities and companies and world. Lou i wonder if her husband was listening. We are coming right back. This winter is massive snowstorm holding back economic growth. Do we have it all figured out . We will have that next on the plan of janet isnt the only return im looking forward to. Yellen which is why usaa is honored to help our members with everything from investing for retirement to saving for college. Our commitment to current and former military members and their families is without equal. She loves a lot of its what you love about her. But your erectile dysfunction that could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. 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Lou stocks falling for a second straight day partly on concerns that crisis in ukraine could escalate. My guest said that ukraine will have an impact on russia, but trivial one on europe skppb and u. S. Growth, joining us now, michael. Good ao e evening. Lou the degree to which we can devibe that ukraine, the russia, u. S. , european confrontation is playing a role in the markets, what do you think is driving the volatility in this market right now . It is the geo Political Risk . Or something more profound . It is multifaceted, emerging markets on International Level provide an oak cues to stay short an excuse to stay short, including russia which had quite a heavy impact due to the ukraine crisis. Lou we saw some strength ending in the market today, later in session, some tailed off at the close. What do you see driving right now this market. Were going to get a lot of numbers tomorrow on the economy, including confidence, with housing numbers. Your thoughts . Are we going to see strength ending in this data . We will, we will ski green chutes, we had 3 months of Severe Weather impacts our economic data. Whether it is manufacturing, housing, construction, whatnot. Ure will see better data, housing may struggle still. It is a february number. Lou if it struggles the rest may not matter much . I think that market sees be february in the rearview mirror. Lou a lost cause. What we lose in february, well gain back in march. Lou a lost cause for another month. Bull markets in equities, tiring, old, that is the conventional wisdom. But you are in disagreement. The bond market wants to hold to the last. I think where you can create a bold story for bonds for next several months may be in international crisis. Plans things blow up further in the ukraine. But it is short window. Lou you mentioned green chutes, what about tomorrow . How green will the chutes be and where . Consumer confidence. I think there is 60 chance we beat expectations, which are very modest. 78. 5, we could have scope to you look for about 80 number. Possible. Look, in terms of a new home sales, we had a quite a large number the previous month. February will become upance comeuppance, we have personal income and spending due out later this week, expects good figures there. Lou those are all in their combination of positive outlook. Equity markets and another 4 or 5 years of rallies though, were just gets started. Lou great, thank you michael. Listen to my Financial Reports 3 times a day, coasttocoast on the salem radio network, for all of the days biggest market and business news. Weekend box office, by very gent divergent to the top, targets teenage girls brought in 56 million for lions gate, muppets most wanted in second place, last weekends number one mr. P peabody and sherman droping to third place, were coming right back stay with us. Lou president obamas constant pivots and occasion alley in al no tpwhreballey inal. Next. Prescription celebrex can help relieve arthritis pain and improve daily physical function so moving is easier. Because just one 200mg cebrex a day can provide 24 hour relief for many with arthritis pain. And its not a narcotic. You and your doctor should balance the benefits with the risks. All prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. They all may increase the chance of heart attack or stroke, which can lead to death. This chance increases if you have Heart Disease or risk factors such as high bloodressure or when nsaids are taken for long periods. Nsaids, like celebrex, increase the chance of serious skin or allergic reactions, or stomach and intestine problems, such as bleeding and ulcers, which can occur without warning and may cause death. 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Its just one reason over 75 of our mutual funds beat thei10year lipper avere. T. Rowe price. Inest with confidence. Request a prospectus or summary prospectu with investment informion, risks, fees and expenses to read and considecarefully beforinvesting. Lou the vaticans chief justice, leveling scatheing criticism against president obama ahead of his upcoming visit, card na nal cardinal k saying that the president s policies are aggressively more hostile toward christian civilization. My next guest slamming the president for a turn and burn strategy he calls it, turning his attention to other things, hoping no one notices our fall of credibility, governor huckabee from arkansas, we start with this turn and burn strategy. It is not working to well, president is upside down in his polling numbers for a 7 r l consecutive month. You know, lou, some people, everything they touch turns to gold, right now everything that this president touches, turns to dust. This is a president who has been wrong about virtually every major Foreign Policy move. Wrong. About syria, wrong about libya, wrong about benghazi, wrong about russia, wrong about egypt, i cant name one country on the planet where we have a better relationship with that relationship than we did when he took Office Despite all of the promises, and every time we get in a crisis, his first reaction is to make a speech, he then turns from what he said, i think nobody is listening any more, this is a president whose speeches have become a little more than background noise. Lou do you remember when folks called this man a great or at or, maybe the best speech makeer in early days who took the white house. There was sort of of a amazing statement back then. But now, your evaluation of ora a to call and rhetorical ability. Well, if you make great speeches, you have to do great things to back it up, great speeches without great actions skpwruft become noise. That is what i subject happened to this president , he campaigned in 2008, he made great speeches, they were about bringing america back together, about ending harsh partisanship that divide our country, about lifting people up mark making america, remember these words hope and change. The only thing that people are hoping for is we get change, and after paying obamacare, we hope we have change in our pockets left over. He is still making speeches, they are harsh, and partisan, acooseerasuesseaccuseer to, he d responsibility, he has become irrelevant. I admit i am a republican, i am not probably going to be for a lot of hid policies, but this is not good for america that saddens me. Lou this is a president who it seems to me is validateed the term, lame duck. And he has done so early, his numbers are you know, only person with the worst 6 yearg ss george w. Bush. Since world war ii. But he is not going to be on the ballot in november. The republicans are making a lot of noises about obamacare. But obamacare, it seems if this president is largely irrelevant. Doesnt carry the skathing indictment of the Democratic Party it might otherwise if he were norrell vent, an relevad more engageed. His name is not on the ballot but he is, every policy he pushed whether it is obamacare or radicalization of american culture, i think what is thief khoupbs to vatican said, that is right, this is an administration that is not become indifferent to religion it has become hostile, they always side with the most secularist voices possible to tell military chaplains put your bibles away and hide them, dont say anything about god or jesus, somebody might not understand. You cant keep doing that kind of thing, have any credibility left as a president that is in touch with the what i call the real roots of america. Lou and strongly, and powerfully the roots but at the same time, i have to say to you that comment from an official of the vatican about our president is to me highly offensive, and i dont think should be put up with my about of us. By any of us. Here is the thing if i may. He is an american. Lou if i may, i may have my quarrels but i dont want vatican or putin or any hor head of state running their mouth about our president. Period. Lets. I think that church has a moral authority, to speak out on issues, that touch the relynnous liberty of this country , religious. He is an american. Good for him, i am glad that the church whether chief council or the pope, would speak out on moral issues, what else are they going to talk bnot the ncaa baguette, i want them to talk about moralty. Lou i have other issues before they go to ncaa bracket, i would like them to talk about, to talk about some of the listen go ahead. Lou to barack obama, the ncaa bracket is a religious issue, the one thing he is committed to. It is one thing he is spok focui am convinceed this president and his administration as official said, progressively turned increasingly against people of faith, that is why we have the hobby lobby case, argueed tomorrow at supreme court. It is why this Justice Department would not defend domea, it was a law of the land, remember we talked about obamacare is law the of land but this administration ignores so many things that are the law of the land. If they just dont agree with it. Lou well, governor good to have you here. And. Thanks. Lou im going to leave with you last word on that, i really do want to argue this well did it another time. Well do it again. Lou you have a deal. Tune in to huckabee fox news channel, saturday and sunday nights 8 p. M. Eastern, a 16yearold dare devil was reportedly able it sneak past some of the tightist security, in the new york oneworld trade center last weekend, we learned reason why. It is because of building does not have security cameras instaleed yet. Installed yet. Port Authority Officials bought 4,000 worth of cameras, but they are still in a back was on thofficebecause the management t authority did not want to pay cost for installing them. There is aic sense shin to economy seption to exceptionalism. Up next, the new book may d day. Author seth cropsey joining us next. In the new new york, we dont back down. We only know one direction up so were up early. Up late. Thinking up gamechanging ideas, like this dozens of tax free zones across new york state. Move here. Expand here. Or start a new business here. And pay no taxes for 10 years. With new jobs, new opportunities and a new tax free plan. Theres only one way for your business to go. Up. 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Its one more part of our commitment to america. Time to take care of business with century links Global Broadband network and cloud infrastructure. We constantly evolve to meet your needs every day of the week. Lou joining us now. Sethcropsey, author of the new book mayday. It is a very important book. To focus on what is happening to our naval power. It is to me, just unimagineble this worlds only super power is starts to behave like a alsoran power this is disturbing. The signs are all over, governor huckabee mentioned question of relevance, when whether president obama is relevant any more, im not here to discuss that. What is relevant this administration has cut Defense Budget by 500 million. And plans to cut another 500 million. Lou republicans were participants in that. That sun fortunate. Lou but it is a reality, both partys have to be held responsible for it in my opinion, or there is no points of having a discuss on issue of naval power or military power if were not honest who the heck these people are we put in washington. It is important im concerned. About the decreases numbers of the navy, im concerned of the ship, the fleet that we have. Lou lets put that up, navy has. Do we have that . 323,000 active duty sailors. On 2889 deloy able battleships less than 1917, to put that in context, they have 342 ships less than half of size at end of reagan administration, 1007 currently deployed amazing. Well, the dang understands what the Administration Hands when the numbers mean, were now going to include help hospital ships in the battle force. It came out of defense department. I did not make it up. Lou at some points, when do our elected officials those serveing this government, making move like, that when did they become known certifyeed charted charlos and frauds that is disgusting. You have to say, at some points dont participate. This is a twoparty system, the government exists on the wishes of people who elected, if people are not watching this is the result. Lou what is the solution . It is. What you are doing here. Which is tell people what is going on. Make it clear that there is a crisis brewing, it may not look that way now. But in the future, when we dont have enough ships and there are crises in the world well see it. Lou all right, seth, one thing. That is, what of that trillion dollars over course of a decade, what would be required to refurbish ships, make them deploy an an an and add a firste ships for battle . A surprisingly small amount. Lou, the budget for shipbuilding has been decreaseed by about 20 this year. So, as we added 5 or 6 billion a year, for the shipbuilding budget. To where navy wants to be. Lou over 25 year period. Very nice. Will work on our schedule, i would love that. Increasing budget is better than decreases. Lou we thank you. Come back will you soon, well tacontinue. Seth cropsey. The book mayday. Up next, high commentary on why president obama and western leaders likely will not change mr. Putins view of the world. dad well, weve been thinking about it and were just not sure. agent i understand. dad weve never sold a house before. agent ill walk you guys through every step. dad so if we sell, do you think we can swing it . agent i have the numbers right here and based on the comps that ive found, the timing is perfect. Theres a lot of buyers for a house like yours. dad thats good to know. mom im so excited. Lou time for a few of your comments, jimmy mailed us, obamas consistent deatherring and quixotic Foreign Policy has telegraphed the following scary message to all of the future dictateors of the world, if you want to invade another country, you can invade that country, and you can keep that country, period. Bob in washington emails, breaking news, nevel chamber land has been reen carnated known as barack obama is there a win steup still churchill out to save us. And layery from colorado. There is little chance of reaching raopl room temperaturet us know what you think. You can go to our facebook page, links to everything on loudobbs. Com. Well president spent much of his first day in europe trying to multiply, subtract and divide, in the hague for two day long Nuclear Security summit. He spent much of his time trying to build support for fur further sanctions against russia. The Group Becomes now the g 7. Subtracting russia from the group it joined 15 years ago, president obama did meet with chinas positive, in advance of the summit, and kerry met with his russian counterpart, lavrov to talk about russias take over ofmea. Chancellor merkel were told is talking tough to mr. Putin, u. K. Prime minister, David Cameron seems to be standing with mr. Obama and miss merkel, and putin a aggression has seemingly enter nizeed the wests interest what was slowly becoming a deflateed alliance. That has neither a strategy, capacity, assets or will to put an end to mr. Put uni computer design. The clu cliche of crimean crs has been, putin is playing chess, while obama is playing checkers. Now truth is, putin is not playing at all. He is a serious man who has so far outwited a group of leaders who are not unifyed, not real allied to stop his actgretion. They are as now, at least, simply over matched. That is it for us, thank you. Coming up tomorrow congressman james langford, and retired general jac jack keane will joi, until then, good night from new york. I ys say be thman with the plan but with less ergy, moodiness, i had to do something. I saw mdoctor. A blood test showed it was low testosterone, not age. We talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. Axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. Women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. Report these symptoms to your doctor. Tell your doctorbout all medical conditions and medications. Serious side effects could include increased sk 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, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. Ask your doctor about axiron. Iwe dont back down. We only know one direction up so were up early. Up late. Thinking up gamechanging ideas, like this dozens of tax free zones across new york state. Move here. Expand here. Or start a new business here. And pay no taxes for 10 years. With new jobs, new opportunities and a new tax free plan. Theres only one way for your business to go. Up. Find out if your business can qualify at startupny. Com neil here is why putin smirks. He knows he has is over a barrel, quite literally. That is why the man with the oil can be so slippery. The world needs what he has which is why fox of the awful stuff he does. I ameil welcome but some energy alternatives, they might be looking at more punishing putting alternatives, but they are not, are they . And we are not, come to think of it, are we . The guy we hate is the guy whos energy we need, and even though we dont need it nearly as much as the europeans