[talking over each other] dagen i am dagen mcdowell. Connell i am Connell Mcshane. Dow 14,000 and we found out there were 157,000 new jobs created last month. Just a small desk and twelve Million People looking for work. We have Guggenheims Scott Minerd coming up on speeding up the recovery. Dagen the National Debt and not a worry. Not even in that countrys biggest economic problem. That is a growing chorus in this country among socalled experts but are those stinkers not living in the u. S. But in fantasyland . Connell we will talk about that and Immigration Reform because it has been huge topics this week. If we told you you could save billions of dollars in foreign aid to corrupt governments with Immigration Reform would you take that trade . Dagen super bowl feeder and counterfeiters are honest. We bring you more on a record 13. 6 million bust in fake nfl merchandise. You got to give me a jersey, if you dont make one i will get one. Connell you will be all right. Especially men wearing sports jerseys is one of my pet peeves. Lets go to Nicole Petallides at the nyselisted 14,000. Nicole dont come down here today because today on the floor of the nyse, support your favorite team. And the trader jackets a lot of traders are wearing their favorite jerseys. The dow four days out and we hit it, we are here, 14,000 right now, a gain of 140 points. Dow leaders include bank of america and travelers and verizon and American Express and at t helping along the trend has been a good one, january, the best january in two decades. We kickoff 2013 in a very bullish fashion but a lot of traders think the pullback is coming. Dagen thank you. Again those jobs numbers this morning, Labor Department saying 157,000 jobs were created in january just shy of expectations. Unemployment rate picking up unexpectedly to 7. 9 but that was enough to push the dow over 14,000. Scott minerd, chief invested chief Investment Officer at guggenheim manages under management, what the make of the job numbers . Not bad but not great . There are a lot of positives in these numbers. I have been bullish on unemployment last few years. The big thing that i think everybody is ignoring it is when you look at private sector growth, we have been averaging around 200,000 jobs a month and all the drag on these numbers that keep pulling them down to 150 is really the result of the size of government shrinking and inadvertently i think the policymakers in washington are giving us what is good for the economy and that is a on a diet while the private sector continues to grow and when you compare us to the last expansion there were 150,000 private sector jobs added herman in the last expansion and in this expansion there are 200,000. Believe it or not washington may be helping us. Dagen if times are so great, why is the ten year treasury below 2 on a yield . Why hasnt the bond bear market showed up yet . Which you were calling for last march . You are right. I got to tell you it has probably more to do with the craziness of central bankers than anything else . I was just in davos last weekend we spent a lot of time talking about the monetary policy, what is going on, how unorthodox this all is. The thing that i said to mark carney of the head of the bank of england was waived lb into Uncharted Waters and acknowledging we dont know how to get home we decided to sell deeper into Uncharted Waters. We are setting ourselves up for major problems. The fact that the fed continues to keep Interest Rates this low especially when i can point to lots of rosy things in the economy will have some pretty bad longterm adverse effect. Dagen when you start blazing bets on longterm adverse effects . They star shorting treasurys at this point . What do you want what do you want to sell . At this stage, shorting treasury last march, a pretty on fulfilling that. It hasnt hurt as much but has not been good. Where do you want to go . Gold is a place to store value. Art which i have talked about in the past which is not accessible to everybody but it is to ultra high network people. Stocks for the time being are great place to be especially in europe where there have been battered and the ecb is just Getting Started at the party that we have been offered the last three years. Japanese stocks look very attractive. There are a lot of opportunities out there. I would stay away from treasury securities and allocate my money to risk assets and i think the party will go on for two or three more years before they realize they have to take the punch bowl away. Dagen and hang over last week for decades. 40niners or ravens . Who are you going to . Dagen ravens. Youre going to take the other side. You are more of an expert than i am on this. What does Connell Mcshane say . Dagen we never agree. [talking over each other] arent the dodgers in this . Dagen you wish. Thank you, scott minerd. Take a look at the staggering numbers. The u. S. Spending 30 million in foreign aid. My next guest has a very interesting idea. If we embrace Immigration Reform you can save billions by stopping that money from going to corrupt governments. Vice president of research at Singularity University joins us now to explain this. You are basically saying lets invest in the people. Let the people come in from other countries and instead of sending money to the government have them send money to their families. Look at what happens when they give money to corrupt governments all over the world. They embrace themselves. They have individuals trickling down to the people but the u. S. Never gets credit. They never hear about american money doing good for you. It makes it corrupt bureaucracy, bigger and bigger. On the other hand look at immigration. We get people coming in of rear, they worked extremely hard here, help us build the economy, help us make america strong brand more competitive and then they go back and send money to their families over there, look at this amazing country, freedom, democracy, free markets and look how much success i have achieved over here. Dont you want to be like this . Connell it is called remands it you come to the United States and the total was 120 billion from immigrants sent back or Migrant Workers sent back to their families in their native countries so obviously that is a big round figure. We would still be as the government giving aid to foreign governments, wouldnt we . It would not necessarily solve that problem. You just think we should change course. I would give Disaster Relief when rear earthquake in haiti if that is the way you want to do it and giving billions of dollars to these governments to buy military goods or to buy other stuff, this is ridiculous, it really does go to corrupt officials versus the people. It is the wrong way. When you bring people over here goes to the lowest levels and we create millions of ambassadors talking about american ideals. Connell an economic argument for Immigration Reform. Maybe not the only one but make that argument to us because we havent heard it as much this week as we should. Immigration reform is an economic boost. Should we say that . It could be if we did it right. I dont trust the government, our politicians not to screw something up over here. There is hope that we may get a sensible bill which gives the economy a huge boost because you have millions of people not participating in the economy in a meaningful way, hoping to bring skilled immigrants and start creating jobs by starting companies. A lot of good can come from that if we dont screw it up but if we do that, the other side benefits by bringing in these great people, they send money abroad and now become american fans like were doing it. Connell the money is coming from relatives here. Good argument from your point of view. Thanks for coming on. All the best. Dagen lets talk about operation red zone. The government and the nfl team in gupta crackdown on counterfeiters at this years superbowl. They have already netted millions of dollars in fake merchandize and Connell Mcshane wont where the real stuff. Connell somebody elses jersey wont say they deserve it the government debt, experts have said that this is not the biggest economic concern. A big article we will talk about coming up. We have other things to worry about. Not so bad. How about that . That is coming up. Markets now, stockmarkets whether 14,000 on the dow, 97. 63 for a barrel of crude oil. Much more to come. [ male announcer ] how could a luminous protein in jellyfish, impact Life Expectancy in the u. S. , real estate in hong kong, and the optics industry in germany . At t. Rowe price, we understand the connections of a complex, global economy. Its just one reason over 75 of our mutual funds beat their 10year lipper average. T. Rowe price. Invest with confidence. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. Dagen u. S. Immigration enforcement announcing a record seizure of fake nfl merchandise close to 14 million worth. All of this that of the big game on sunday and joining me now the folks behind operation red zone is director john morton and nfl Vice President for Legal Affairs and to start with you, talk to consumers out there, why should they care . They should care for number of reasons, counterfeiting is a crime. And consumers, excited about their favorite players and the super bowl getting scant and duped by counterfeiters, on the enthusiasm of the game. Dagen part of a seizure of merchandize, in rhode island, and you focus on web sites that are selling counterfeit merchandise as well. How have your resources shifted to the internet . This is a global problem and the internet has made it more of a challenge. We were working in every state and most countries around the world and we have gone after 300 websites offering counterfeit merchandise run by organized criminals. There is nothing legitimate about them. Very fraud from start to finish and we took an down and took 23 people down in the United States and as we noted we seized 14 million of counterfeit goods. Dagen when you have a lot of other things on your play, running immigrations and Customs Enforcement do you think this is a good use of resources in terms of manpower and money . I sure do. Counterfeiting is an enormous problem for the United States. Our economy thrives on innovation, doing things first differently, better and if you have organized criminals in asia and other parts of the worlds they will undermine everything you do right away. It hurts the economy. Remember these guys arent paying taxes or investing in people or investing in the next iphone, they are not trying to put the super bowl on, they are criminals. When you buy something from these people your money is going to organized criminals overseas. Dagen how do you drive that message come from nfl fans . If i want to stick jersey, nike wasnt making one, i am going to go out and find it some way somehow . That is a great question. We work with licensees to make sure theres merchandize the fans want that are available for them at every price point. So that they are not tempted to go out and buy something from a counterfeiter. We work hard with licensees and local businesses in new orleans and elsewhere to make sure we can meet the demands. Dagen designed it to go to the game since he is in frugal in this crackdown on counterfeiters . Did you get him a ticket . We would love to have him. Dagen i would buy a plane ticket and 5 were you. John morton and Anastasia Daniels on the crackdown nfl merchandise or counterfeit merchandise. Connell back to the markets, doubters in thousand and addition of stocks. What we looking at . Nicole looking at the latest which is the new ipos today spun off from pfizer which has been spinning off other units and he remembered a spun off the instant Nutrition Business and spot of animal health. Heres the latest today, great idea 0. That is almost 19 at the highest point, thirtyone seventyfour, this particular company, animal medicine for livestock, vaccines and work directly with the veterinarians. We have the ceo on earlier today and they didnt bring them they brought little puppies. This is what happens, looks just like mine. A chicken and a cow. Dagen huge multibilliondollar business. Huge business. Connell big news overseas. Bombing in front of the u. S. Embassy in turkey and that is adding to the stress in the middle east and the tension we have been talking about last few days. We talk about Foreign Policy having an effect on energy markets. John bolton is coming on. He will be here in a moment. Dagen we will focus on the dow above 14,000. How is the dollar holding up . Look at the dollar weakness, look at euro that is almost 1. 37. That ultimately is not good for the country. [ male announcer] surprise youre having triplets. [ babies crying ] surprise your house was built on an ancient burial ground. [ ghosts moaning ] surprise your car needs a new transmission. [ coyote howls ] how about no more surprises . Now you can get all the online Trading Tools you need without any surprise fees. Its not rocket science. Its just common sense. From td ameritrade. Its just common sense. All stations come over to mithis is for real this time. Step seven point two one two. Rify and lock. Command is locked. Five seconds. Three, two, one. Standing by for capture. The most Innovative Software on the planet. Dragon is captured. Is connecting todays leading companies to places beyond it. Siemens. Answers. Executor of efficiency. You can spot an amateur from a mile away. While going shoeless and metalfree in seconds. And you. Rent from national. Because only national lets you choo any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. Now this. Will work. [ ale announcer ] just like you, business pro. Just like you. Go naonal. Go like a pro. You know how painful heartburn can be. For fast, long lasting relief, use doctor recommended gaviscon®. Only gaviscon® forms a protective barrier that helps block stomach acid from splashing up relieving the pain quickly. Try fast, long lasting gaviscon®. Relieving the pain quickly. We asked total strangers to watch it for us. Thank you so much. I appreciate it. Ill be right back. They didnt take a dime. How much in fees does your bank take to watch your money . If your bank takes more money than a stranger, you need an ally. Ally bank. Your money needs an ally. 21 minutes past the hour your fox news minute. Former new york city mayor ed koch has died, he brought the city of near bankruptcy in 1970s and all for the 1980s. The outspoken native new yorker became a National Figure with his enthusiastic and often combative personality. He died of Heart Failure in manhattan. Mayor koch was 80. In china of the highway collapsed sending 2 dozen vehicles plummeting more than one hundred feet. The official Chinese News Agency reporting nine people are confirmed dead. In turkey two are dead after an explosion and the u. S. Embassy in ankara. Homicide bomber expectedbelieved to be from a marxist extremists groups that explosives at a Side Entrance checkpoint killing himself, a Turkish Security guard and injuring a female turkish journalists. Military sources tell fox news estate at this time. Those are your headlines. Connell we will stay with that topic here and look at you oil market with tension in the middle east and the bombing in turkey outside the u. S. Embassy worth 98 for crude oil although i will point out oil has been going that mostly on optimism about Global Economic growth certainly today, stock markets up, well following that. As we bring ambassador john bolton, former ambassador to the united nations, what should we know about turkey . Turkey has had extensive Economic Growth in recent years under Prime Minister erdouon. They have been fundamental on religious issues, it was investor friendly and they have been receptive to outline in outside investment. We need to know more about the identity of who conducted this terrorist attack. I am not sure im willing to go with the turkish government argument, that it was an extremist group. Why would they take the risk of attacking the American Embassy . That is why i dont think it is the kurdish independence movement. I think it is likely domestic al qaeda or some al qaeda element spun off from the situation in syria. Connell with the memory of ben got the fresh for many people after the attacks in september you would think the embassy security, are we making the right moves that we need to make on that front . People are more alert now. That is the most important thing but remember the fundamental defense for the embassies, consulates and diplomatic personnel is the host government. That is their responsibility. Here it looks like our Perimeter Security work. We lost a Security Guard but that is inevitable that whenever the outer limit is. That is the most dangerous point. What we should be thinking about is the risk not just to official americans but the private citizens, we have many people on business, tourism, religious reasons, dual citizens and if the terrorists are taking a lesson from benghazi and attacking american facilities there is a real