Transcripts For FBC Varney Company 20150206

Organization. Get ready for the real story on jobs and the economy like youve come to expect ever day. Varney company is about to begin. 34ubg. Tom lets check the big board right now. Not too far away from dow 18,000. The dow on pace for its best week in three years, and look at that . Less than 100 points away from the 18,000 mark. Lets take a look at twitter. User growth slowing, but results were still better than expected in this result and as a result, that stock is moving higher up 16 . Meantime gopro is forecasting a Current Quarter profit that could miss wall street expectations, and they also have said their chief operating officer is resigning. The stock is down on that news down 10 at gopro. And linkedin is a winner after reporting strong numbers. Stock hit a new high 271. Were just a penny under that right now. Looks like the jobs report 257,000 createssed last month. And created last month. A lot of those are low paying jobs. And the labor force that Participation Rate we talk about, is still hovering around a three decade low 62. 9 . And that is one of the main numbers we look at because were critical of the jobs report every month. Take a look. 142,000 jobs created in august. Not nearly enough and that is the slowest pace of the year thus far. A Participation Rate of 62. 8 that is at a generation aloe. And heres the middle class squeeze. The average hourly wage up just. 2 last month, up only 2 in the last year. You look at the headlines, you see a lot of spin. Everythings fine and rosy but when you get right down there, Middle America is suffering. The president trumpets the economy. However, a record 92 Million People are not in the labor force. The labor Participation Rate guys 62. 8 edged up ever so slightly, but were still talking about the lowest levels since the late 1970s. Stuart the headline number looks encouraging. It looks encouraging. Yeah. Stuart lots of new jobs, hourly wages up, real Unemployment Rate came down. Whats troubling . Wages arent really taking off and accelerating. The labor Participation Rate that number weve looked at so closeically, still at 1970s levels. Tom lets bring in paul conway former Labor Department chief of staff under george w. Bush and, paul youre our resident skeptic. [laughter] what do you make of this latest report . Well, i like to be an optimist sometimes, but not a lot of optimism in this report. You need 150,000 jobs minimum every month created just to bring on new workers coming into the work force. So i think that the direction is great, but you folks have drilled into the details which is where the storys at, and you have soft jobs being created in the Retail Sector and other things that are like that and you have a lot of people still stuck in parttime jobs. Parttime job number, those who are stuck in parttime jobs for economic reasons, is a 35year high. And for the first time last year, we exceeded the number of business deaths Small Business deaths versus the births of Small Business. And thats where at least 50 of the new jobs created every year are created or should be created for this economy. Tom yeah. And that is a critical number. Thats, in fact, the gallup ceo brought that up, about the fact that you got more business deaths than births, and that is a flip that is very, very dangerous because we all know the small it is a desperate situation for Young Americans and especially for those who were in th7cq i jt their earning careers. Good,y ,hspdfs nts executives who want to go back tohoi]lt work cant find bv opportunities. Ncfy tom this isnt something im just making up now, ive talked about this forqnbncz 30 yrbri in business broadcasting, and ithu always,fa to me historically november december,. O tom what do you project for february . Is that where you start getting maybe a different picture . I think youll see]e different picture in february. The2n way bls does their numbers, they adjust their numbers and its a which is their true policy agenda. Then7 agenda shodw be what puts americans back to work and thats hundreds ofgu0s thousands of jobs per month areg jd now. Tom yeah. Paulm n good to get your take, thank you so much for joining us. Youre welcome. Tom more numbers that give us a. [ ll,f clearer picture of the economy according to pew research the share of americans who are part ofk5ay yeah, but thats natural. I mean, weve had such a step change in Energy Production many this Company Country because of innovation that over the longer term, you know energy has been a net contributor. Yes, theyre laying off now because the oil price is going down, theyre not going to invest. Thats short term. Tom i dont disagree with you its just im going the report this morning from the Labor Department did not include did they forget . Thats all zero head is asking, and i think its a good question. Anyway, we have some breaking news for you right now. No filing your state taxes online with turbotax. Company is halting efiling nationwide over fraud concerns. Intuit, whos the maker of turbotax, they made the announcement this morning. They say that they are working with state agencies to address the problem. However, they say it does not affect the filing of your federal income tax returns. Again, turbotax suspending efiling for state returns over some fraud concerns that they have. The stock is down on that news. Meantime, weve got some headlines on terror to tell you about with lauren simonetti. Hi lauren. Reporter good morning tom. Jordanians take to the street to rally in support of the family of the Fighter Pilot that isis burned alive, this as jordan retaliates with more airstrikes, also releasing a slick hiproduced slicklyproduced video complete with pictures and people writing messages to isis on the bombs to be used. Also today president obama is expected to call on congress to authorize military force against isis even though passing legislation and figuring out how to pay for it would be a challenge. And check this out, republican senator tom cotton of arkansas grilled the pentagon official about the rationale behind the white houses decision to close a Guantanamo Bay prison camp. As far as im concerned every last one of em can rot in hell. But as long as they dont do that, they can rot in Guantanamo Bay. Reporter the young senator adding the only problem with taliban tan mow bay is there are too many Guantanamo Bay is there are too many empty cells. Tom . Is. Tom thank you very much lauren simonetti. Al sharptons tax problems theyre not going away. Were keeping it front and center on Varney Company. The question is why do some big name have beenties end up in jail celebrities end up in jail for tax evasion and not mr. Sharpton . I dont know what i should do next. Do what everybody else does. Start a business. Build yourself a website. Welcome to t. O. s humble pies. With wix. Com. Lets party . We make it easy to create your own allpro website. All by yourself. Favre carve you did that yourself . Dont look so surprised. Wix. Com. Its that easy. Tom checking the big board, look at that the dow is up 42 points. We were a little closer to 18,000 earlier but were still this that same neighborhood. Oil is moving higher again as well another nice pop for oil up more than 2 , 51. 55 for a barrel. Gas up another we penny overnight, 2. 16, and thats up more than a dime over the last three days. The 1 club shrinks, now were down to eight states where the state average for regular is below 2 a gallon. We were up to, what was it, 20, i think. As for the cheapest gas in the land maverick in cored lain, idaho, you get nice scenery and some cheap gas. And the credibility crisis continues for anchor Brian Williams. This week he admitted he was not aboard a helicopter that was thit and forced down during an invasion of iraq in 2004. Okay, we got that. But now stars and stripes, and thats the Armed Forces Newspaper that first broke this story, reported that Brian Williams was actually flying with a different Helicopter Company altogether in a different direction and was only linked to the attack unit by radio. So nbc has not said yet whether or not he would face any sort of disciplinary action. Mary, this story is getting bigger. Its not going away. Thats right. And, you know whats surprising to me is that it took this can for this lie to be this long for this lie to be uncovered. It happened more than ten years ago. You know, when you think about the big journalist scandals jason blair at the New York Times or Stephen Glass at the new republic you know people believed them because they were writing stories that played into, you know the popular conception. So, you know, ive got to wonder tom, do people not question the story because Brian Williams was reporting that the iraq war was really dangerous and bad and, you know many of the mainstream networks didnt like george w. Bush and what we were doing over there . You know . You have to ask. Tom i think its bad for all of the media, because a lot of people that dont have a lot of trust in the media are going to have less now so it really is a broad swipe. Maybe less troop trust in nbc news, but not in fox. Tom well, people i dont think distinguish as carefully maybe for us. Id like to think they do but politicians out there like the former attorney general of connecticut, richard oh boy. Blumenthal. Tom yeah blumenthal that was in vietnam when he never went to vietnam, they make these stories up. I dont know what it is. Well, look the good thing about the media today is you you cant get away with it forever because of social media, because of blog, because of other reporters. Its much more difficult to keep a lie concealed but again youve got to wonder why this one took so long to come out. Tom and he kept telling the story for years. Now there are questions about his reporting from new orleans during katrina. But then, again, same theme, right . Mishandled quoteunquote, mishandled by the bush administration. Nobody questions what he said. Tom theres one thing for us to make a mistake in the media and report something and then have to make a correction. Everybody has ebb done that. Everybody has done that. This isnt a mistake no, its an embellishment. Its a lie. Tom thank you. Meantime speaking of trouble now this. Big tax troubles for msnbc host al sharpton. He reportedly owes more than 3 million in federal taxes and Liz Macdonald tells us other people from chuck berry to Leona Hemsley have gone to jail for owing less to uncle sam. Whats this Leona Hemsley chuck berry right. Lets set up the story. So, you know, according to news reports and ive looked at al sharptons, you know profit filings as well he personally owes reportedly 3 million in federal back taxes, another 778,000 in the state taxes. You know, his two forprofit businesses tom, owe roughly 800,000. So and his Nonprofit National Action Network also has owed money, a lot of money, hundreds of thousands of dollars in his operation. Some of this involves fail to even file tax returns. But we know now and ive dug into tax records ive talked to awe to haves, chuck berry went to prison for 200,000 pete rose went for owing 300,000. Less amounts be i they ended up in but they ended up in prison. Even Leona Hemsley for owing 1. 7 million in back taxes. Tom right. So the big question is why isnt sharpton behind the clink . Well thats the question and thats what people are asking. Its an open secret that the irs operates in a decentralized kind of Business Model meaning they have different district offices that handle tax investigations and probes. But the irs doesnt i know this for a fact having talked to them, they dont like to be criticized, they dont like to be second guessed. These guys like to have their decision, and they feel like they adhere to the law into the directives and the rules. But, you know federal appeals courts have said, you know the rules are not generally consistently applied to taxpayers, theyre not strictly you know adhered to evenly across the board. So youve got to wonder why hasnt al sharpton had the book thrown at him . We know that he has tax liens filed against him, and the irs is acting and the state is acting, but others have really had the book thrown at them how can we not discuss this story without talking about the irs targeting of conservatives . This is a politicized institution, we know it, and now we have evidence to prove it after all the congressional hearings and reports that have come out over the last coup couple of years. Tom i presume, and maybe liz you can answer this, is there somebody at the irs who has to call up, send a file over to the u. S. Attorney or yeah that does happen. That does go on. Top tom because i would think the u. S. Attorney well, theyre political too. Theyre politically appointed too. But you would think they would go after, and especially a federal judge if it ever got to that would treat him the same. You know, thats an interesting point tom. And the other thing, too, is al sharpton in his response to this whole issue to the New York Times, the national review, he is making it political. Hes saying, you know every time that theres a ferguson that comes up, they go through my taxes. People dont like president obama, they dont like mayor de blasio. Hes saying hes paying it off but liens are still out there, and this has been a chronic problem for him dating back to the early t 90s. Tom long before ferguson or anything else. Yeah, thats right. Tom liz, thank you very much. Amy pascal is stepping down as the head of Sony Pictures and some nasty emails revealed during that hack. Has hollywood learned its lesson . I doubt it. At ally bank no branches equals great rates. Its a fact. Kind of like shopping hungry equals overshopping. When it comes to medicare, everyone talks about what happens when you turn sixtyfive. But, really, its what you do before that counts. See, medicare doesnt cover everything. 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Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. At ally bank no branches equals great rates. Its a fact. Kind of like shopping hungry equals overshopping. Im almost done. [ male announcer ] now you can pay your bill. Manage your appointments. [ dog barks ]. And check your connection status. Anytime, anywhere. [ dog growls ] oh. So youre protesting . Okay. [ male announcer ] introducing xfinity my account. Available on any device. Tom take a look at the shares of pandora touching a new low of 14 after earlier reporting disappointing sales numbers. Right now the stocks at 15 and almost a quarter. Check the shares of sony it broke on this program yesterday that the head of Sony Pictures amy pascal, stepping down. This following the fallout of the hack and all the controversy over the movie the interview. Shes leaving the role to launch a Production Company at the studio. Right now to chime in on this Jeremy Gerard joins us, executive editor of deadline. Com. Is this quick to change everything or is this going to change anything . Well, cleanup, i dont know what we mean by cleanup. The shuffling has just begun. We are all speculating about who might replace amy pascal or if anyone will replace amy pascal in the job that she had. Theres a lot of mixed feelings in hollywood about her record mixed feelings about what the consequences of the sony hack really were and how behavior may or may not change in hollywood in the way films are made. Theres a lot going on in the industry tom listen i think actors and producers, you cant put em all under, you know, one broad brush, but theres a lot of egos, and she damaged a lot of egos, she basically called them out on a lot of their behavior as well. In her opinion. So is she, shes going to have this Production Company, what whos going to want to work for her . Whos going to want to produce or act for her . Oh, i think anybody whos looking to make a movie and needs financing is going to want to work for her. Shes got a lot of money at her disposal, and shes got an extraordinary track record with creative people. Let me bring up one, i think classic amy pascal story that predates the hack and the, all the bruhaha about the interview and that goes to a movie called moneyball. She green lit that movie. It was a movie about billy bean the oakland a manager who as manager who was told to cut his budget and raise his game. And he brought in a statistician and started looking at baseball in a way completely different from anybody else. When the movie was about to go into production, she pulled it to a halt because she didnt like the rewrite and she sent it over to Bennett Miller who ended up directing it. It was produced by miketydeluca who is one of the possible successors to her. They took a long time making this movie happen. It cost 50 million, it took in 75 million at the box at the u. S. Box office. Not the hugest hit, but it made its money and it got six oscar nominations. Now, if im a film maker and i look at that, i look at this movie that is not just about blowing up buildings, it is not i mean, shes also got spiderman shes also got the james bond movies. Tom right. So her record is hardly black and white. Tom but she lost the steve jobs movie. She did. Thats one movie. Thats how hollywood works. She did. And when he say she was punished for bruising egos, lets remember she also bruised the president ial ego. Isnt that the real reason why she was so embarrassed at being push 3 deny pushed out here . Its the fact they were making fun of the president. The truth is nobody wants their emails out there on the front page of the New York Post or the New York Times or deadline. Com, and theres no question that this was a bruising bruising episode not only for amy pascal, but really for all of hollywood because everyone was afraid whos going to be next. Im not sure not everybody sends emails like that. Tom i love your answer. In other words, you can insult me and i can have my feelings bruised, but if youve got the money for my next project im going to do business you. [laughter] thats how hollywood works. Tom perfect. Deadline dom Jeremy Gerard. Breaking bad prequel Better Call Saul premieres this sunday on amc. Heres the cocreator peter gould first on fox business last friday. Roll the tape. Saul was a character who we thought would be around maybe for a couple of episodes, but once we saw bob odekirk playing this character and wrote a little bit more with him, we started, you know falling in love with the guy. When breaking bad ended i was constantly worried we were going to end up killing the guy off and we would have if it had been the right thing for breaking bad. But he survived, and because he survived we decided there was more to say about this guy. Tom so weve got our favorite lawyer joining us on monday to review the show. You adopt want to miss that dont want to miss that. Meantime happy birthday, president Ronald Reagan. Today the great communicator would have been 104 years old. What advice would he give to president obama . Well, wouldnt it be nice to hear a little more about the forgotten heroes of america, those who create most of our new jobs like the owners of stores down the street, the faith portfolios who support our faithfuls who support our churches synagogues schools and communities, the brave men and women everywhere to produce our goods, feed a hungry world and keep our families warm while they invest in the future to build a better america . Thats where miracles are made. Not in washington d. C. The future of the market is never clear. But at t. Rowe price we can help guide your retirement savings. Our experience is one reason 100 of our Retirement Funds beat their 10year lipper averages. So wherever your longterm goals take you we can help you feel confident. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. Call us or your advisor. T. Rowe price. Invest with confidence. 3rd and 3. 58 seconds on the clock, what am i thinking about . Foreign markets. Asian debt that recognizes the shift in the global economy. You know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. If you convert 4quarter p e of the s p 500 its yield is doing a lot better. If youve had to become your own investment expert, maybe its time for bny mellon a different kind of wealth manager. And black swans are unpredictable. Tom tom checking the big board right now, another good rally and, well, were really close to 18,000. The dow right now 33 points higher getting close to 18,000. We were off almost 17, so quite a ways back over the last week. Gopro forecasting a Current Quarter profit that could miss wall street expectations, and they also said their chief operating officers resigning. The stock taking a hit on that news down 10 . And you know how we like to give gopro free advertising on this show . Take a look at this amazing video from a snowboarder caught in an avalanche. Youve probably seen videos like this on go pros new channel, roku. Thats amazing where the cameras are today. We have this breaking news for you, fox news reporting the u. S. Army has decided to award the purple heart to the victims of fort hood shooting. 13 were kill inside that massacre and the president and his administration referred to it as a workplace shooting, and mary kissel, youre giving this a thumbs up. Yeah two thumbs up. These people were victims of a terrorist attack. Remember major nidal hasan yelleddal what act bar and there were a lot of heroes that day, thank god, but this is the right thing to do. Tom i agree with you. All right,. [inaudible] security adviser susan rice, shes going to present the president S National Security strategy at an event in d. C. Later today. Rich edson joins us with more on what we can expect to hear. Reporter the white house is offering a broad preview claiming through president obamas strategy the United States will lead with purpose, focus on asia and build pickups to address build partnerships to address local challenges. Lawmakers want to know if the administration will offer defensive weapons to the Ukrainian Government and how the white house will assist jordan in its fight against isis. To that, the administration is offering few specifics. If that means insuring that theyre getting the Security Assistance that they were promised, they can count on the president of the United States being a strong advocate for making sure that they get that assistance that they need. Reporter the administrations opponents are already reacting to the president s principles. Senator Lindsey Graham a possible candidate for president says in a statement that quote, i doubt isil, the iranian mullahs or Vladimir Putin will be intimidated by president obamas strategy of strategic patience. From their point of view the more patient president obama practices, the stronger they become. Tom . Tom all right. Rich edson in washington, thank you. Meantime speaking of leadership, today is Ronald Reagans 104th birthday, and heres what he said in the face of communism. Roll the tape. Mr. Gorbachev, tear down this wall [cheers and applause] tom joining us is president ial historian and ray gone biographer craig shirley, the author of rendezvous with destiny, and he joining us from washington. Craig, i can only imagine how Ronald Reagan would deal with the threats that were facing in the middle easts. What do you say . Well, i think it would be a concentrated effort. You know Ronald Reagan was a conservative, he believed in limited Central Authority but he also recognized the soviet threat in the late 70s and into his presidency was the greatest threat to america going forward. So you need a thoughtful but coordinated and concentrated effort to, in organizing International Coalitions to defeat it as he did with the soviet union in the 1980s. Tom he was able to communicate so well. Hes called the great communicator. And is that the secret sauce here, is that what the president says to us and how he says it . Because the president that we have today gets a lot of grief about the fact that you heard Lindsey Grahams statement, you know, people look at it and say the others are going to feel more empowered. Not with Ronald Reagan. Yeah. He said, tom, in his farewell address in january of 1989, he somewhat rejected the label of the great communicator and said that what he communicated instead were great ideas. And they had been ideas that had been missing from the National Political debate from the time of the new deal forward. The two parties had become basically, representing Big Government, and it became a discussion over who was best able to manage government or grow government but there was never a discussion about whether or not government had too much power and whether or not it should be reassigned back to the states and localities and, ultimately, the individuals the way the framers intended. That was what made the 1980 campaign so radical. Tom well maybe thats what the wannabe candidates who are out there maybe could take a few notes from that as they run for succeeding president obama. Absolutely, yes. Because, you know, the time when i was High School Physics, the part of High School Physics i didnt sleep through i remember the teacher saying the power cannot be destroyed or created it can only be shifted around. And from 1932 up until 1980 power had been moving inexorably away from the individual and localities to the national government. Reagan wanted to push it back. I think that that is a debate that is absent in much certainly absent in the Democratic Party because they are the party of Big Government. I think everybody would agree to that. The Republican Party is more schizophrenic because you have theres a Big Government republican element, and theres also the Tea Party Populist reagan element and theyre often in conflict with each other. Tom they certainly are. Craig shirley, thank you so much for joining us on this president reagans 104 birthday. Thank you so much. You bet. Thank you. Tom president obamas Student Loan Forgiveness Program remember that . Guess what its going to cost us the taxpayer . 21 billion. Are you ready to pay up for that . So what about that stock . Sure thing, right . Actually, knowing the kind of risk that youre comfortable with id steer clear. Really . Really. Straight talk. Now based on your strategy i do have some other thoughts. Multiplied by 13,000 Financial Advisors its a big deal. And its how edward jones makes sense of investing. Every truck can tow a boat. Every truck can climb a hill. Every truck can haul a trailer. But not everyone can say theyre the fastestgrowing truck brand. In america. Guts. Glory. Ram. Im Nicole Petallides with your fox business brief. A great week on wall street right now the Dow Jones Industrial average up about 42 points 17,928. The s p 500 up 8 points, the nasdaq composite up 17 points. Some of the winners this week disney with its blowout earnings has been a great performer for the week pulling back a little bit but certainly double digits in percentage terms. Jpmorgan and goldman sachs, up arrows there. Chevron, oils gone higher the dows up 4. 4 this week. Twitter, Fourth Quarter loss narrowed revenue nearly doubled, stocks up 16. 5 . And expedia the Fourth Quarter profit the parent of hotels. Com, well they saw their profits fall more than 30 from a year ago. Something about it because of a stronger u. S. Dollar and intense competition abroad. More of Varney Company coming up. You show up. You stay up. You listen. You laugh. You worry. You do whatever it takes to take care of your family. And when its time to plan for your familys future were here for you. Were legalzoom, and for over 10 years weve helped families just like yours with wills and living trusts. So when youre ready start with us. Doing the right thing has never been easier. Legalzoom. Legal help is here. Tom first out of the break, we have got some sign of the times headlines. Heres lauren simonetti. Reporter after 94 years in business, radioshack files for bankruptcy protection and has struck a deal to sell about 1700 of its stores to Wireless Company sprint. In the new Stores Customers will be able to buy sprints gadgets and plans but also radioshacks electronics. The rest of the companys locations are expected to close. Verizon communications is selling about a quarter of its wireline telephone and internet operations in two separate deals valued at a total of 15. 6 billion, this as verizon takes a step back from its slower, slower growing, highlyregulated businesses and focuses more on wireless. It will pay down debt and buy back stock. And this is why you should take your eyes off your cell phone from time to time. A photographer captured this picture of a man sitting on a boat off the coast of california completely engrossed in his phone, tom. As a big humpback whale swim withs past him, 2 feet away. He didnt notice. He didnt even notice the people around him taking pictures of this. We call those stories, tom, signs of the times. And pick your head up from that phone. [laughter] tom whatd you say . Thanks, lauren, very much. All right, now this politico reporting that the Obama Administration, they have revealed a 21. 8 billion shortfall in the student loan program, and that money will just be tacked onto the federal deficit. Young americas foundation, ashley pratt is with us. Ashley, this also was a number that was kind of buried in there, because they didnt want any of us to know but especially Young Americans who are going to be paying this bill. Very true tom. Just like the Free Community college plan and all these other idealistic things. Theyre sure soon to fade, and thats exactly what weve seen here. While we can debate the merits of whether or not we should give forgiveness in repayment programs to borrowers, we have to look at the real cost for taxpayers. By tacking this onto our federal deficit, were just expanding our debt were currently in. And the fact that the Obama Administration didnt release this information publicly, how much his program was actually costing taxpayers i think, is atrocious. Its irresponsible governance, and its not very transparent and im thinking that he did pledge transparency a while back, and hes not really upholding that promise either. Tom ashley it seems as though this is a sign that the trillion plus student debt thats out there is not going to be paid back because people are already defaulting, and were in this is just the tip of the iceberg it looks like. Right. And we have more borrowers now more than ever because as a result of making these loans more accessible and making a College Education more accessible, we now have more borrowers which tends to make sense if you deduce that logically. And as a result were now seeing this high deficit increase. And this program alone has increased our deficit by 5 and i think thats, you know a pretty staggering statistic there, and it needs to be addressed by this administration. We cant just keep allowing students to borrow without them actually feeling the need to pay it back. But then again if were not creating jobs students dont have the ability to pay these back and thats why they default and or need these forgiveness programs. Is this the way the to address it . Obviously not, but this administration doesnt seem to have any other ideas except for bailing out programs like this when they create them. Ashley, when you say make loans more accessible lets be clear here. The administration nationalized the student loan market correct. Then reduced the rates to pull in Young Americans, to entice them to take out more loans than they could handle. Yep, just like he did. Do is that the root of the problem . Its just Like Health Care where he says im going to make it more accessible, more affordable and look what happened . For young males at the age of 23, their premium increases have gone up 58 or higher. For young women, 43 or higher. So he wants you to buy into this knowing full well that we cant afford it or we cant pay it back. So when we have these loans that are, again yes more accessible as youre saying, what ends up happening is theres less responsibility to pay them back because we assume it will be paid for, and thats the problem. Tom well, the 21 billion represents a lot of people who cant pay it back, and if they think theyre having trouble finding a job now, wait until the employer looks at their credit record no kidding. Tom and theyre toast for a long time. Thats the problem, no accountability. Theyre going to get rid of that anyway tom. Theyre going to outlaw tom they probably will. Ashley pratt, thank you. Thank you so much for joining us. Thank you. Tom all right hows this for an idea . Selfdestructing messages for social media web sites like facebook and twitter. We have a company thats offering just that next. Many people clean their dentures with toothpaste or plain water. And even though their dentures look clean, in reality theyre not. If a denture were to be put under a microscope we can see all the bacteria that still exists on the denture and that bacteria multiplies very rapidly. Thats why dentists recommend cleaning with polident everyday. Polidents unique micro clean formula works in just 3 minutes, killing 99. 99 of odor causing bacteria. For a cleaner, fresher brighter denture everyday. The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. You total your brand new car. Nobodys hurt,but there will still be pain. It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do, drive threequarters of a car . Now if you had a Liberty Mutual new car replacement, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. New car replacement is just one of the features that come standard with a base Liberty Mutual policy. And for drivers with accident forgivness,rates wont go up due to your first accident. Learn more by calling switch to Liberty Mutual and you can save up to 423. For a free quote today,call Liberty Mutual insurance at see Car Insurance in a whole new light. Liberty mutual insurance. Tom our next guest says there is a way to share messages on facebook and twitter, messages that will eventually selfdestruct. Cant copy em cant forward them. The method is billed as a way to keep your social media messages private. Nathan from destruct is here. Nathan, im sure you hear this a lot, this sounds like snapchat for my social media. Well, in some ways it is, actually. Snapchat limits you to sharing things within the snapchat app. Destruct allows you to share it throughout your social media regardless of where it is. Tom but can i do that now if i post something on my Facebook Page and i want to delete it, i can delete it . But the recipients that you share it with and those who saw it may have taken a screen shot of it, they may have down loded it. When downloaded it. Youre preventing all that from happening. Hang on. So youre saying if i screen shotted a tweet, your program is going to blow up my screen shot . If you sent it via destructs, your screen shot will be prohibited, and you will no longer have access to that tweet. Thats exactly what im saying. Tom so youve solved the problem of that once its out there, you can get it back and destroy it. Thats our goal. We solved the problem of social media being permanent. And everything that we hear about that, all those things that come back to haunt us later tom yes. The fact that everythings out on the web forever. If you use destructs to share these things, they are only there temporarily. Tom but thats got to be done for example if im the college kid at the party pouring beer over my head and i want to get a job a couple of years after getting out of school, i better have used this product exactly. Tom when i took the photo of me. Not when you took the photo but when you shared it. You can take a picture on your cell phone as long as you share it via destructs when you regret it later, you can make it go away. Of thats a great use case, actually, because we hear so many stories of potential employers looking at your social media profile, and they see your life. Lets make some of those things go away. Tom how do people is it an app . How do people find it . Were both on the web and on apple, ios and android. Its a free app at the moment. You can download it, use it, its really very cool. Tom dstrux. Well, ive got the tell you to tell you, i think theres going to be a big business for that. Thank you, nathan, very much. Appreciate you coming in. Thank you for having me. Tom how does president obama address radical islam . Not by calling it that. Instead, he says christians are just as bad, and he cites the crusades. Thats new at noon. Plus, a Varney Company exclusive, mitt romney may not be done with president ial politics after all. Charlie gasparino has the details when hour two gets underway in two minutes. Tom just when you think the word genes from the white house could get more outrageous the president gives us a history lecture. He refuses to refer to isis and al qaeda as radical islamists. His press secretary wont call the taliban and terror group. Now the president stood in front of a group of clergy and compared the wars end outrages perpetuated by isis, most recently the burning of the jordanian pilot, he compares it to the crusades. Christians are just as bad because of something that happened hundreds of years ago. Every religion has blood on its hands. The president goes overseas, bashes america, standing and the clergy from all faiths and batches christianity, the great you nigerian deep. That is how we begin our two. We get to the president and the crusades in a moment. First breaking news several reports saying isis claims the american hostage caleb was killed due to a Jordanian Air strike. Mueller is a humanitarian worker, fox news has not confirm those reports. What is what are you hearing about the Jordanian Air strike . Having trouble hearing you but the reports are troubling. What we are seeing is isis this week this month doing as much as they can to go after western ideals. Theyre saying a jordanian missile work a jordanian rock that or the jordanians killed this individual. Obviously is just a pr move. They wanted to kill these hostages, they have killed hostages. They are just upset they havent filmed it for pr purposes. I dont believe the jordanians are responsible for this. The jordanians are trying to stop this activity. Tom it seems one of those where a lot of people will say sure. It looks like they dont have any problem killing their hostages brutally and a lot of people were wondering what was going to happen to her and this obviously has answered that question. I am not sure we can assume she was just killed today. After all, what we saw, the facts come out about the jordanian pilot, he was killed last month and despite the fact that isis was filming this brutal burning of an individual as they did this and then after they covered it up basically in order to tell the jordanians that they want a hostage swap, they were negotiating for a hostage swap even though the person they were talking about had already been burned alive and put on video so the fact that they saved this video and did it when the jordanian king was in the white house really shows that they are all about pr move they are extremely savvy when it comes to communications and that means we have to call them out even more. Is one of the reasons i think at the Prayer Breakfast when we had the president again dancing around this moral equivalency argument, not able to say radical islam but really being able to bring up something that happened 700 years ago it looks to me tom lets play the sound bite from the Prayer Breakfast. This is the president addressing radical islam in the history of religion. Roll the tape. Unless we get on our high horse and think this is unique to some other place remember that during the crusades and the inquisition people committed terrible deeds in the name of christ. Tom you christians that are on your high horse i got to tell you the crusades, we are no better than isis isis is no better than us. That is what i got from that. What it means is you all committed these atrocities 700 years ago. Certainly should not be condemning actions this week. It seems not only tone deaf but it seems the president is struggling to create this moral equivalency. He is doing back flips in order to and not call out isis. There is the real concern that you could say christianity has done atrocities in the past, a great point. You shouldnt do of the week isis burns someone alive and he should take a page from president bush who always condemned radical islam but always also went above and beyond and said these people are distorting islam because we know the majority of muslims dont want this type of action to happen and they need to speak. Tom here is the problem i see with this. This is a gold mine. You talked about isis having a pr team that is excellent, this now will show up as we are just the same, there will be a pr gold mine for they got the president of the United States making their argument for them. You have to remember this is playhouse, susan rice the National Security adviser constantly telling us putting prisoners in gitmo is a recruiting tool somehow by punishing this type of terrorism putting them in prison, that is a recruiting tool for radical islam but i think the president want to look in the mirror and see that his comments condemning christians 700 years ago is an incredible recruiting tool. Tom if you go back in history we were hit by radical islamists long before gitmo was even there. You can go back to tehran, the bombing of the World Trade Center in 93. Tom in africa, nairobi and tanzania, where level. The uss cole attack, president clinton before gitmo. Tom thanks for your expertise. Thank you for coming on. A couple stories we broke over the last hour no filing your state taxes on line with turbo tax. The company is halting each filing nationwide over fraud concerns. Into it with jones turbo tax says it does not affect filing of federal income tax returns the turbo tax suspending the filing for state tax returns over fraud concerns. Stock is the fifth biggest loser in the s p 500 today. We have this from fox news, the u. S. Army says it will with the purple heart to the victims of the fort hood massacre, 13 killed, 30 wounded. Attorney general eric holder referred to this massacre as a workplace shooting, not a terrorist attack. The army thinks otherwise. The purple heart was awarded to those wounded in combat, that is important to know. That is good for the u. S. Army. Lets bring in john rayfield, we have some big tech names to run through, lets start with twitter because they beat the st. Way up on the news. You got to see how theyre monetizing. Twitter has done a phenomenal job getting they are starting to affect Live Television nielsen trying to incorporate twitter in to what they do but they are not good yet at monetizing that content. Once you start seeing that that is the time to buy. Tom go pro is a twist because they came out with their earnings, pretty good numbers and stock started to rally and then they say are chief operating officer is out the door. It is having a down day. We have a saw assail going today. I errant it. I never thought i would see anything as crazy as the super bowl where you get the best running back in the league and give the game away. That is what go pro did on the Conference Call i said before christmas that the numbers were too low. Channel check showed the full through on a product that was true so they show a band instead of striking the football, as good as the earnings were the Conference Call was bad they announce the ceo was leaving february 17th, they had a 70 million lockhart and they did a terrible job communicating in that Conference Call and was complete unforced error. Stock should be up on earnings. Tom linkedin hitting a new high. Is that on your buy list . Yes it is. As bad as the go pro Conference Call was linkedin was as good. They are up 41 but the rest of the Market Solutions are 44 . They are hitting on all cylinders, 300 Million People are on linkedin. A great wellrun company. Tom good to talk to you. Mitt romney is not running for president but Charlie Gasparino still thinks he may have left the door open. What is going on . This is what he is telling people. I think it is a slim chance, mitt romney the big gop donors know it is a slim chance but let me run through these headlines. Mitt romney is clearly pointing to giambi operatives opening to leave the door open to possible 2016 run. Here is what mitt romney told one supporter last week to focus on the word unlikely in his recent remarks about president ial ambitions. He said it was unlikely that he was going to run. Tom he did not say wont. A supporter went up to him and said i am a big supporter i wish you would run but i did notice unlikely he said you noticed that. Mitt romney is leaving the door that much open for possible 2016 run with these folks saying we can hash it out. Here is the way it happens. Is a very crowded field so far, you have Chris Christie and jeb bush, a bunch of midwestern governors out there fighting for that segment, you have ted cruz possibly in it rand paul in it, Mike Huckabee in it. This is a crowded field. When he gets in is through a broken convention if theres no real front runner which people are talking about. That doesnt mean it will happen. Tom is that what he is banking on . That primaries will come of with no answer and he will save the day . He is telling people be aware of the word unlikely in my speech last week. Is unlikely. If you think he closed the door he is indicated to be i would bet with neil cavuto if he didnt run i think he is going to run, he knows me a nice steak dinner and we have to postpone that a little bit. Tom 9 like the word unlikely. He said unlikely but the funny thing is when he pointed out to somebody, this happened last week at a conference in washington, i saba were unlikely, you saw that, didnt you. You notice that. Tom always great, good information. Lauren simonetti here with a news update. The pulse of america story. A random act of kindness may help one young man get a job. A young man looking for a tie for job interview. He wanted a tie the store only told regular ones. Very helpful target worker showed him how to tie a tie, that a Firm Handshake and the worker went over Interview Questions with him. Take a look at this. A georgia barber is offering haircuts to kids who maybe too big for their britches. A 12yearold son making bad grades in school, asking two grown up so he made this look apart. At their parents of come into this shop, to teach them a lesson. Look at that hair cut in the middle. It pays to be a winner. Patriots Quarterback Tom Brady about to pay a major tax bill to the irs. The money he earned, if you wants to give the chevy truck the one he wants, a star player Malcolm Butler it is going to cost brady another 20,000 in taxes and those are your quirky headlines. Tom the tax man is always there. After the break mcdonaldss new ad campaign, someone says it is not going to work. Mcdonalds will start from square one. More on this next. Telling me what you love about yourself. For other people, compassion. Tom the cia is confirming to fox news is investigating claims by isis that american hostage klm your was killed as a result of a Jordanian Air strikes. Several news outlets are reporting she has been killed. Fox news has not confirm that but the cia is looking into those claims. Back to the markets, we have the big board, the dow hanging in there up 39, close to 18,000 on the dow. Best week in three years, different story for expedia down big after profits fell 30 from a year ago well below what the street was expecting getting hurt by the stronger dollar and stiff competition from chinas 11 drop, look at comcast, in hot water again, changing customers names in their Computer Systems and these are not flattering names. What is going on . Cheryl some of it cannot be said on television. In the chicago area, mary bauer get her comcast bill, but instead of it being to marry it was to, quote superbitch power. She opened the bill, if you want to send me a bill send it to my correct name. Tom calling people swearwords and everything else. This is what is happening. She was very upset and then she tries to call and is thrown off and nobody is helping her, basically she quits calling and theyre going after her. That is the experience we all had with the cable company. Somebody at comcast is a devilish. Now they want to merge with tumwater to deliver and they are our real treat. The fun will continue. Cant wait for what they call me. Mcdonalds thinks it has found a way to get you into these boards. Roll the tape. Tell me what you love about this. I love compassion for others. Something on you. [applause] for someone who witnessed this campaign for a stand, wall street journal oped editor, you went to mcdonalds and got a little free meal, a little loving or something . Travelling to washington d. C. Stopped in for good mcdonalds breakfast and i was surprised when they said you dont have to pay, there was some cheering and instead i had to dance for my mcdonalds breakfast. I did dance a little bit, i stood for a second so confused, i hadnt seen the ad. The cashiers joined me and it was a little bit awkward. But i got through it okay. I am fascinated by this because i think it is a very awkward campaigner and sounds awkward for you but there was one where they said call your mom and tell her you love her, for people like me my mother passed away. That is kind of you dont know peoples personal situation. Big potential for ordnance. They are trying to draw some attention, there a new hip brand. That is a mistake. Liz they are doing this because millennials turned their back on mcdonalds your a financial journalist, it has been plummeting. Not so much globally but in the u. S. We are talking about it and that is helping a little bit. Tom let me ask you a question. The story is your generation is smocking this because of get some love in at mcdonalds and people are going is that how you took it . Nobody is important when you are in a Conference Room talking about an idea be sure you know how everyone will take it. I am a millennial and i am not going to be persuaded to go back to mcdonalds i invented new slogans. I will be persuaded by good food. That is how they can improve. A mcmuffins are good. That is not the problem. Tom you were willing to fork over two bucks. They should get back to executing a high standard, making their fries top, making Customer Service and good. That would be away. Tom interesting it through you for a loop. Thank you. Freezing temperatures across the country, negative wind chills in the north freezing in the south. What does the epa do . It goes after your wood burning stove. We will explain next. Is it the insightful strategies and Analytical Capabilities that make edward jones one of the biggest Financial Services firms in the country . Or is it 13,000 Financial Advisors who take the time to say thank you . night jim. Gonna be a while . I am liz got a little writing to do. Its why edward jones is the big company that doesnt act that way. Cme Group New York and chicago, and Scott Shellady is with me. Are you going to switch to farming . In the options pit, they are open, to moving them to the financial room. Options only and the futures which futures, gone 100 . Isnt that right . And rather than that. Options trading the s p 500 open as well. That will stay open as well and a few other small ones. A broad brush stroke, and options are open up side. Is it because options, so many strategies you do with bond . I would have thought that would be a good excuse. The life exchange, 100 and theyre big contract does very well in an electronic environment on the options side. The membership structure different from what they are in europe. Alternately at some point down the road the others havent seen 100 electronics. Tom i am glad we still have you. Glad you are working in the options play. The cowboy cannot die. Tom keep it going. West coast, getting muchneeded rain into the weekend. We are talking weather for the west. Pineapple express coming from the Hawaiian Islands comes across the pacific and it is warm and dumps tons of rain, too much rain in california, enough to cause flooding and potential mudslides six inches of rain, this could cause major travel issues for flights in and out of the bay area. Just when you thought was safe to eat your Home Millions of americans will soon be forced to buy more expensive wood fire stoves and you wont believe the reason why but Cheryl Casone has the reason. Cheryl the epa does amaze me sometimes, the issues they go after when it comes to things we use and depend on. Now it is wood burning stoves. Imagine all these people in frankly world counties that use wood burning stoves, they depend on this for heat 344 page rule epa comes out with, they say that it is for the environment. We are talking 2. 4 million households use wood burning stoves. Here is the reasoning, why are they doing this . That it would be more environmentally friendly, that there will be fewer deaths in this country because of asthma related to the emissions. It will only cost 45 million but in particular wisconsin, one republican lawmaker said you got to be kidding me. You know what this will do to pour families . They will be calling me in wisconsin, and theyre up in arms with the epa in this role. Tom not only is it charming and romantic and all the other things, functional. Keeps you warm, talking about trees, not chemicals the trees. Theyre bad for the environment. Having a hard time with that one. Another Measles Outbreak, coming down with the chicago, we will discuss that next. We will discuss that with the doctor. We have gotten rid of measles by the year 2000 by Vaccination Campaign and certain parents not having their children vaccinated, were seeing a resurgence because this is an entirely preventable disease, the vaccine is very affective and the disease can be quite serious. At ally bank no branches equals great rates. Its a fact. Kind of like mute buttons equal danger. That sound good . Not being on this phone call sounds good. Its not muted. Was that you jason . It was geoffrey it was jason. It couldve been brenda. The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Tom the big board not far from dow 18,000, up 46 points. We have been flirting around this area for a couple hours. Not much positive move, look at twitter because user growth has slowed but results better than expected so that stock is doing well 17 gain for the twitter co. On their stock. Shares of pandora touching a new lower 14 earlier after reporting disappointing sales numbers. At stock is at 15. 26. Oil getting a nice move today 52. 40. We were in the mid 40s west weekend gas up another penny to 2. 16, up more than a dime a previous days. Gas prices to government political reporting the Obama Administration revealing 21. 8 billion shortfall, that money is tacked on to the federal deficit. Remember what Ronald Reagan said about Big Government. Lets roll the tape. Government is not the solution to our problem. Government is the problem. Tom classic reagan. Who better to ask about this than mr. Small business, john stossel is here and this ties in with your program on the fox business network, the parasite economy. What is a parasite economy . John the beauty of the free market is the only way you get rich is sell people stuff that they want what they voluntarily pay for. Parasite economy is all the people like the colleges you told about go to government and use force, government is force and they use force to get your money and theres plenty, Green Energy Companies the whole College Industry the banks getting there bailouts, too big to fail me in some big banks are parasites. Tom the government is going to squeeze out the private sector . John it is a constant battle. The beauty of the private sector is it managed to grow as fast as government so far. As we age and medicare Eats Everything else we are past the Tipping Point and parasite state will suck the life out of most everything. Tom the next generation has to see how this works in the capitalistic form. But we become more the socialism creek, you can see it coming. Kids below 30, the like socialism . 49 . Some dont know what it means that we need government to keep the peace for some environmental rules for the epa should stand for enough protection already to run the courts and that is about it. Three people did the rest. Tom your next guest, fox business tonight at 9 00. John stossel. Next up is exactly what we are talking about the Measles Outbreak 102 people in 14 states reported to have the measles and the latest cases, this is a tough one five little babies, infants attending that Kindercare Learning Center in illinois, but that is not it. Turns out there are 17 states where the vaccination rate kids is below 90 . Lets bring in dr. Henry bernstein. These little children are too young for the vaccinations though somebody with that basically infected these kids. Absolutely. They were exposed. It is an extremely contagious disease and we want to respect protect as many people as we can. Yum children under a year of age cant get it so we expect their family members, caregivers, people they are exposed to will have the vaccine because it is incredibly effective. Tom ended the age of 10 . Under the age of the year. Tom you give those shot when the babies are pretty young. We do but when we give them, measles vaccine is part of the m m r did children under a year of age. They may not respond as well until their first birthday. We do recommend because the world is a smaller place, people are traveling a lot, people coming to the u. S. People from the u. S. Are traveling abroad, so the risk of being exposed to measles is a huge. There are 20 million cases of measles every year around the world and 122,000 deaths. Do you think the media is overblowing the story . That is the criticism of the general media, we are making a big deal of it. This is a huge deal. This disease was eliminated from the United States in the year 2000 and we use to get only maybe 50 cases a year most of them imported from other countries. Now last year there were 644 cases. We have already had over 100 cases in the first month of the year. Tom it is essentially eradicated, we go measles is not a big deal, you get a little sick. There are some Serious Problems with measles and it can kill. Are you seeing any change at all . Are parents calling the office and saying i told you didnt want vaccines . I am coming in. It works on a spectrum. Certainly we recommend a vaccine for everyone including adults. People need to look and see if they had the vaccine especially those that are traveling abroad especially those that work in the healthcare sector and college students. Tom i dont remember if i had measles or a shot but i have been told you can do a blood test and find out if i have my facts team. In order to know that there are. In order to know that there arevaccine. In order to know that there are. In order to know that there are ways to do that. You can produce documentation or have a blood test and it is important. If you were born before 1957 and i am not asking but if you were born before 1957 you are considered immune. Tom ive probably had measles when i was a kid. Thank you so much. Let us get as many children and adults immunized against measles. The only way to have heard in unity is if in fact we get at least 94 of the public immunized. Tom hopefully that works out. After the break two updates on golf, tiger woods dropped out of another tournament. He is still injured. Will he ever get back to his game . Also up next up professional caddie involved in the pga lawsuit, he makes his case why he should get paid for wearing those corporate logos. If you look at it they are not just caddys the professional caddie is. This is their life. This is what they do. They are proud of it and if you are part of the team you should be looked on as that professional caddy. Pce we can help guide your retirement savings. Our experience is one reason 100 of our Retirement Funds beat their 10year lipper averages. So wherever your longterm goals take you we can help you feel confident. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. Call us or your advisor. T. Rowe price. Invest with confidence. Nicole i am Nicole Petallides with your fox business brief, the dow industrial average up 20 points gaining 4 this week at 17,900 at the moment. The s and p 500 up 4. 5 points and the nasdaq composite up 3 points, dow movers holding on and doing well, jpmorgan with up arrows jpmorgan up 3 . That is up 3. 5 . Proctor and gamble is pulling back. In new high for Buffalo Wild Wings with several brokerages raise their price target, samestore sales rose and that is a good piece of news which had weaker than expected Fourth Quarter profit and those samestore sales rose. Gold pro under pressure, analysts looking at guidance, the stock, chief operating officer will be stepping down by the end of the month stocks down 10 . More varney and Company Coming up. If youre running a business legalzoom has your back. Over the last 10 years weve helped one million Business Owners get started. Visit legalzoom today for the legal help you need to start and run your business. Legalzoom. Legal help is here. Tom tiger woods and withdrawing from the insurance classic after 11 holes. Apparently his back is still bothering him, still injured, first time in the last nine tournaments he has withdrawn from competition. Caddy is suing the pga, forced to wear bids with Company Logos on them and the p g a makes millions of dollars of that revenue from using them as human billboard and they are not seeing a dime of it. We got one of the caddys involved in the lawsuit, he caddys for kevin na and joins us now. On this lawsuit you are part of the lawsuit. Is that correct . That is correct. I one of the lead plaintiffs. Tom tell us how this works. You get a piece of what the golfer gets, but why not a piece of does the golfer get money for wearing the logo . I assume so. The golfers in contact with their own sponsors and get paid. We where for the pga tour, nothing to do with the players it is part of what they require us to wear if we dont wear the bid we cannot caddy. We have learned through certain sponsors that the tour is getting 1 million of advertising each week out of the caddies and we are not seeing any of that income. Tom why isnt your beef with the golfer instead of the pga. Why dont you say for cover some of the endorsement money . It has nothing to do with me. I am wearing a bid for the pga tour, millions of dollars of advertising we are not seeing part of that. If you think about it, fundamental and capitalism in the american way, controlling your own body in like this. We should be able to control at and share in profits. Tom have you approached the pga or had consultation with them or said anything about them and they said what . We met a year ago in san diego and asked for a small portion of the big book which would control which would make enough money for our Health Care Retirement for all the caddys on tour and they shot us down and said absolutely not. About three months later, in tampa, i explained to him, this is the only way to take care of these caddys that cant afford health care cant afford retirement. Look at the guys making all the money, the guys that are not making money. Tom take off the big. That is not an option. We have been told numerous times if we dont where the big weekend not caddy. If you recall when Steve Williams was working for adam scott and taking the big off on the eighteenth hole, show his sponsors. He had sponsors on his shirt that was being covered the whole round so he would take his bib off in the eighteenth hole so the caddys would be it, the sponsors would be able to see their logos. They dont get to see their logos during a hole so the tour came up to adam scott, you have to keep on that bill but until you get done with scoring coin. Another time we met. Tom i have got to run. Mark lanier is representing the caddies, the attorneys on monday. We will get more on this very subject. We wish you well. When you dig into the numbers the jobs report not as bad as headlines make it out to be. Former economic adviser is next. Tom and look at the headline and see a lot of spin. Stuart when you get down there, Middle America is suffering. Tom the president from this economy. Stuart however record 92 Million People are not in the labour force. Know that chasing performance can mean lower returns and fewer choices in retirement. Know that proper allocation could help increase returns so you can enjoy that second home sooner. Know the right Financial Planning can help you save for college and retirement. Know where you stand with pnc total insight. A new investing and Banking Experience with personalized guidance and online tools. Visit a branch, call or go online today. You total your brand new car. Nobodys hurt,but there will still be pain. It comes when your Insurance Company says theyll only pay threequarters of what it takes to replace it. What are you supposed to do, drive threequarters of a car . Now if you had a Liberty Mutual new car replacement, youd get your whole car back. I guess they dont want you driving around on three wheels. Smart. New car replacement is just one of the features that come standard with a base Liberty Mutual policy. And for drivers with accident forgivness,rates wont go up due to your first accident. Learn more by calling switch to Liberty Mutual and you can save up to 423. For a free quote today,call Liberty Mutual insurance at see Car Insurance in a whole new light. Liberty mutual insurance. Tom an update on reports that isis is claiming an american hostage was killed as a result of Jordanian Air strikes and fox news now reporting the jordanian government is highly suspicious of those reports but the jordanians admit it is impossible to verify them. They dont know what the hostage would have been doing in that area where the air strikes occurred. Back to that jobs report lets bring in president obamas former Economic Advisor austan goolsbee. You have always looked to the numbers carefully. You like to dig into the weeds. The headlines are amazing but when i look at this and see that they revised way up in november which is a good report anyway but the november numbers were higher than the December Numbers which were good, it seems like this is where most of the hirings it comes down. Hard to sustain numbers of what november was. It is slowing down and still a strong number. I am more conservative than i should have been these numbers in thinking how the job gains were going to be temporary. A lot of it had to do with the come back from the weather. If we get several months like this, several months in a row. I think people will legitimately say the job market is approaching anything like normal. Tom we are short on time. I apologize but average Hourly Earnings were up 1 2 in one month. That is huge. What happened in january to make that number pop . You dont know except in the previous month they were down so you want to average out over it. For the year over year it is of 2 so that is finally some progress but not that dramatic. Tom will we get wage growth sustainability . That is what we need and i dont see it from this. This is one big pot. That is what we need. We dont know if it will be sustained. We should be happy with that but we are long way with what we are flying on our own. Tom always good to talk to you. Thanks for coming on. Appreciate your time. We have more tom right after this. Tom the white house now saying it has not seen any evidence corroborating claims that an american hostage was killed by Jordanian Airstrikes, but a spokesman does say theyre deeply concerned about the reports. Much more on this as the story develops but now lets go to deirdre bolton. Deirdre happy friday. One of silicon valleys mostfollowed investors making millions in tech, he is going to tell us why he is all in on drones. In honor of jobs day, were going to give you the short list on which tech positions pay the most. And it is a huge event for the music business predictions for the grammys from our special guest who wears three hats; musician producer and label exec. Well, twitter Beat Estimates on the top and the bottom line revenue nearly doubling from the prior year. Ad revenue a big contributor, 97 yearonyear growth. Jeff is the founder of soft tech one of the most blood pressured Capital Venture firms but were going to start with the wall street journals scott austin. For better or worse, the