martha: such a tragic loss for this family and his mother is not giving up without a fight in this. for its part, florida a&m suspended the band at this point. they set up a task force on hazings hazing. bill: most economists tell you the u.s. needs a consistently to add at least 200,000 new jobs every month in order to get back on track. my next guest says that is not nearly enough. douglas holtz-eakin, former director of the cbo, congressional budget office and president of american action forum. welcome back to america s newsroom . thank you. bill: you wrote a piece for national review alongwith elaine chao, the former labor secretary. the question is why is creating 200,000 jobs a litmus test of a successful jobs report? we re not at that number and you re not impressed, are you? people were thinking 200,000 would be successful. the number we got today, 115,000 was well below that.
materials. facebook has set the price range for its ipo28 to $35 a share nor facebook. the top valuation of that range would make that company worth $96 billion right out of the gate, that is a record debut for an american company and a nice payday for zuckerberg and others. the centers for disease control has a tacit endorsement out there now that you should wear a helmet during a tornado. very interesting. the cdc also says that looking for a helmet could cost precious seconds and delay people from getting safely to shelter. that is something that you want to keep in mind, you want to keep your helmet good and handy during those moments. bill: it s still the season out there too. america s natural gas industry is booming. it has never been better and there is word of new environmental rules that do put the brakes on the. the wall street journal says the white house will issue sweeping guidelines and they apply to natural gas. our fox business network anchor and could he host of the
martha: she is doing just that this morning, bill, speaking out to reporters in a worldwide press conference. brand new hour of america s newsroom. worldwide, we are. bill: she is not hiding, is she? martha: no. bill: nor is she hiding from it. good morning. i m bill hemmer. she is dishing details what really happened with the president s secret service in the country of colombia. they were accused of having a big night out ahead of last month s visit by president obama. some allegedly bringing prostitutes back to their hotel rooms. one of the hotels where the president would later stay. molly henneberg has details now live in washington. what are we learning here, molly? good morning there are. reporter: good morning, bill and martha. i got off the virtual worldwide interview with the prostitute at the center of the scandal. she was taking questions from all over the world about what happened that night, that famous night that led to firings of so
reporter: i see 115-plus folks getting jobs. that is encouraging and good news and to be championed. you should see more. the problem here is that when job gains are this minimal, those who have them are going to be spending less because they are going to be saying, well see i should thank my lucky stars, i m one of the lucky ones. we are already seeing that evidence itself, bill in retail sales numbers and purchases and the like, vacation plans and the like. people are beginning to be a bit more conservative in their own budget plans, and i think that could feed on this. bill: a couple of pointed questions. why did we go up in december, january and february? why we were adding jobs at a pretty good rate and now we re going the other way. reporter: everything goes in cycles. everybody says it was a warmer than usual winter. bill: companies hiring for the holidays. reporter: i don t buy that. in the scheme of things i
washington looked around at world economic history it would find out that if you have big debts and bad growth the recipe to keep taxes low and reform them to be pro-growth. don t talk about tax increases. talk about tax reform. and, you have to reform entitlement programs. that s the source of the red ink. that is the source of the debt explosion. and it is also a threat to future low income americans and seniors whose social safety net is eroding underneath them. so that is it. tax reform. entitlement reform. we re not seeing washington do either. bill: on those points a big swing and a miss over the past year-and-a-half. doug, thank you for your time. to our viewers at home, twitter,@bill hemmer because you asked. bya online. you can fire away about our economy. how things are in your neck of the woods where you live and whether or not you think we re on our way back or not. fire away. martha: well the parents of a missing arizona girl take a dramatic new step in the hopes of findin