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a second obama term equal another bull run? mike ryan, ubs chief investment strategist, next. ♪ ♪ lou: stocks moving higher on wall street today, mike ryan will join us here in just moments, but, first, the dow up 62.5 points. the s&p gained six and a half, both indexes at the highest levels in five years. the nasdaq up eight points, and volume more today, a half billion shares, and after the close, google reported earnings up 36%. google beating targets and moving higher in after hours trading as expected. maker of blackberry, research in motion, hot up more than 12% today, more than 50% since the beginning of the year. not a bad ride. apple up after earnings after the close tomorrow, and the investigation continuing into the battery's powering boeing's 787 dreamliner. the japanese made lithium battery packs believed to be the cause of the fire on two aircraft. the company also making lithium batteries for hybrid and electric cars that has implications beyond boeing. advanced battery technology at the heart of objections to the sale of battery maker a213 #. the strategic council, a p


a reaction to congressman paul ryan saying that the president needs a strongman argument in his inaugural address when he talked about the fact that the united states is not a nation of takers. congressman ryan said that the president misconstrued what he meant, what ryan meant when he used that term? a nation of takers? >> the president mentioned chairman ryan, but i mean, that phrase has been used by a number of republicans including paul ryan. the president's point was that these programs, social security and medicare in particular, have been enormously valuable to seniors in our country and to providing the security that has allowed for stronger economic growth and stronger job creation and a stronger middle class. i mean, the facts and figures on what the plight of the -- polite of the nation's seniors -- plight of the nation's seniors was before social security is well known. the insecurity that seniors face or would face if medicare were voucherized and the costs were shifted to them, if they had a limited amount of money to spend on health care and the rest was up to them, i think



of the airlines are struggling, too, on the back of ryan air's results. now take a look at what's happening across the bourses. we're seeing somewhat again of a trading pattern here after the last several trading sessions where it's not consistent. we'll get those up for you just as soon as we can. today, it's down pretty much across the board. the ibex shedding 0.12%. the cac 400.15% the. the xetra dax is also down 0.1%. the ftse 1100, same thing. pretty consistent story across these indexes here. it's a big week for earnings, too. in the meantime, let's take a look at the bond wall. it's been interesting, actually, to see the lack of action, lack of attention markets have been paying here lately. over here, gilts are holding above the 2% level. interesting to look at whether that relationship gap between gilts and trishrys will hold. 4.1% in italy. there will be a couple of italian debt auctions later this morning. spain, 5.16% is the level there. bunds, 1.63%, so we have seen them move out a little bit. in the u.s., earnings will include exxon. nymex and brent are down this morning. nymex by 0.



. >> jason dorsey and ryan healy both make a living advising their fellow 20-somethings on how to cope with work. ryan started a website for that purpose, and jason has written two how-to books for them. and while he admits his mother picked out his suit for this interview, his generation is not going to make the same mistakes their parents made. >> we're not going to settle, because we saw our parents settle. and we have options that we can keep hopping jobs. no longer is it bad to have four jobs on your resume in a year, whereas for our parents or even gen x, that was terrible. but that's the new reality for us. and we're going to keep adapting and switching and trying new things until we figure out what it is. >> and figuring it out takes time. sociologists tell us most americans believe adulthood begins at 26 or older and that having witnessed so many sacrifices by their parents to achieve middle-class security has had a huge impact. family and friends are the new priorities. blind careerism is beginning to fade. >> we definitely put lifestyle and friends above work. no question ab

't want to receive anything. >> give some credit to republicans, like paul ryan, mike: lee who have spelled out cuts that have been attacked by the white house. every time they come out with it, medicare, you know, an untouchable thing, nobodyyments it touched, they talk of reforming it. there's no appetite to reform it. >> it's not just the white house too. the senate has to agent. also, let's not forget the house talks a big game and paul ryan talks big, but they need a majority. we have not seen the majority come through on deals like this. melissa: great point. do you think anyone really wants to cut spending? democrat, republicans,? i'm not sure anyonements to tackle the problem. >> it's a tough job ahead. they have no choice. it's the issue of our time. melissa: dennis, go ahead. >> spending and revenue in balance. not all by spending cuts, have revenue nrkzs, programs that people in the united states want. melissa: james? >> mike leements to cut it, johnson, it's not hopeless. there's votes. melissa: okay. guys, thank you so much. appreciate your insight. good stuff. >> thank






chat who says paul ryan's budget even while employing fanciful projections didn't balance the budget until 2040. moving that up by 17 years changes the plausible level from level union corn to level unicorn being ridden by santa claus. your thoughts on that? >> there's a larger point. have republicans -- i'm not suggesting they're not embracing austerity anymore, but there's an acknowledgment here. we're talking about there used to be a time they wanted a balanced budget the year after, next year, the year after. i do think there's been a fundamental shift in appreciation and understanding for how you get an economy going. again, though, to me the bigger question goes back to what you talk about getting your caribeanor. we're going to be living with a series of fiscal cliffs, even if in three months from now we get a debt ceiling raiseded, that will be raised for a year, maybe two. that's all we're going to get, and we'll be in the soup and having the same conversation. >> do you think that's true even if -- i mean, this is a pie in the sky scenario. what if the republicans lose the

'll break it down b for you. >> paul ryan says all those cuts threatened from the fiscal cliff are actually going to happen. will that bring the rally to a halt? all that and a whole lot more. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back to the floor of the new york stock exchange. maria here and ben. it's time for the closing countdown. we had this right streak, right? six in a row for the dow, we're trying for seven. it's a dog fight until the last. >> seven points lower. this market wants to go higher clearly. >> you've been on that. we were sitting next to each other


the whole year. but if we had had paul ryan at the top of the ticket -- if we had had -- i heard bobby jindal the other day. you don't know how they would have done on the campaign trail. you have to assume they would have run a strong campaign. but we would have had a very good chance. obama was very lucky in that the economy strengthened at the end, and he was very lucky with himdy, which probably help the in the very end. but if we had a strong candidate, we would've had a very strong election one with year -- one way or the other. the data mining they were able to do is quite remarkable. but if you run a conservative is a social democrat in this country and you have an even playing field, the social democrats will lose. >> i am the vice chairman of the college republicans at the catholic university of america. going off that last question, who do you think the republicans will pick for the nomination in 2016? and do you think we will win? this is being recorded, charles. so this prediction will come back to you in the future. >> well, some people have approached me. [laughter] [app

on more things. do you think that was a repudiation of the paul ryan approach or the tea party approach that focuses on fiscal matters? >> no, i don't think it was at all. it was an honest stimtatement that when you talk in washington budget terms you're committing yourself to a lot of things that not only the public doesn't understand, but it's very misleading. in washington, it is a cut when spending goes up but just not as fast as was planned. for the average american family that is spending goes up more slowly. for the left, they say to the public they're cutting spending by trillions and trillions even though spending's going up to get in that jargon and to use that lingo, bobby jindal is exactly right, we need to make the truth obvious to voters. >> governor there's certainly a lot of soul-searching i think going on with the republican party and governor jindal's speech last night exemplified that. however you hear people like speaker boehner saying it's president obama trying to annihilate the gop. is president obama do you think the problem or do you think

that is not the case. dagen: maybe one area of agreement is tax reform. we heard congressman paul ryan talking about it. the president did mention it in his inaugural address earlier in the week. do you think that is doable and what she could've possibly take? >> tax reform has a different meaning to almost everyone who discusses it. bipartisan -- he meant higher tax rates on the rich. he meant a broader tax rate. he met tax increases rather than tax reform. it really was changing the way government collects taxes. it broadened the tax base dramatically and it lowered tax rates. we had almost every democrat to vote with us in 1986. i think it was 97-three in the senate. that is bipartisan. i am really hoping congress can do that going forward. dagen: it was great to talk with you. be well. connell: jamie dimon is at the world economic forum. he has been taking on his critics are what he calls bad legislation. dagen: apple. the company reports after the bell today. we will set the stage on what you can expect to hear from the tech giant. will you be disappointed? take a look at oil today. it is slightly

wyden worked with the house budget committee chairman paul ryan to develop a similar proposal in the 112th congress. so while there may be some resistance to this particular idea, it has enjoyed bipartisan support. and finally, number five, we need to strengthen medicaid for patients and states through realistic reforms. setting per-capita limits on federal medicaid spending would put the medicaid program on a sustainable budget, and when combined with increased flexibility for patient-centered reforms at the state level, would reduce costs and improve patient care across the board. and as with other ideas i have mentioned, this is a bipartisan proposal. in 1995, president clinton introduced a medicaid reform plan that included a per-capita cap on federal medicaid spending. at that time, all 46 democratic senators, including several that are still serving today, signed a letter to president clinton expressing support for this proposal. in addition, in october of last year, former democratic senate majority leader tom daschle publicly expressed support for per-capita caps on medicaid spen

. >> we're number one again, but we're not going to be the same until we get ryan kelly back. so we're going to have to watch that. that's the key to whether we go deep into the postseason. >> i got home yesterday and i turned on cincinnati was up six or seven over syracuse. they had just beat louisville. and you said, you know what? if i watch this they're going to lose, and they did. >> you're the curse. >> joe, who do you like in the super bowl? i want to get that out there first. >> i -- i -- i'm inclined to see the 49ers, but then i saw the ravens and the ravens and are tough and that guy is good. flacco is really good. new england is no pushover and they manhandled them, you know, to my chagrin. i was hoping for a patriots/49ers matchup. weren't you? >> no. i wanted the brother thing. but i can't decide who is the stronger team. i'm thinking baltimore probably. but we'll have to wait and see. >> yeah because, you know, atlanta showed me something that they didn't prevail, but they looked good. they were up 17-0. what can you tell me about, john, my fantasy, at that tacking to

his own life. >>> symbolic end to the jets season. rex ryan allegedly drove through a red light in his mustang and later would admit, i drove through in famous song and right into a three car crash in pennsylvania. no one was hurt. the jets finished 6-10. they saw quarterback mark sanchez turn himself in to a wreck, but no one was hurt except his career and the jets' record. it's just amazing how many crazy things have happened to the jets since they stopped playing. >> steve: it's been a busy day. by the way, it's really cold outside and you continue to light up the e-mail machine. how cold is it? there are a lot of these. it's so cold, we had to chisel the dog off the hydrant. i've probably seen five of those. keep them coming. >> gretchen: smokers, listen up. if one law maker gets his way, you could be fired just for lighting up. >> steve: and you always hear him say it, but now he's actually doing it. dave ramsey is cutting up his credit card and he's got a pair of scissors with your name on it. ramsey scissor hands. that's funny. >> brian: aflac trivia question of the day. born on

paul ryan of our budget committee, eric cantor, john boehner, you wouldn't have them singing out of the same hymnal if we are retreating. we have never been more unified behind a position than we are now. i feel pretty confident we're going to pass this today. what this really is is moving away from playing small ball, cutting $100 billion here, 100 bmds there. we're running multitrillion dollar deficits. we've gone from $10 trillion in debt to $16 trillion in debt in the first four years of this presidency, and we now recognize we got to save this president from himself, and we're not going to do it by nickel and diming every two months, three months, four months. we've got to lay out the vision for america that we have, how do we save ourselves from a debt crisis, and force the senate to put forward their view of how we save ourselves from a debt crisis. let the senate lay out its tax proposals. let the senate lay out its entitlement reforms if they have them. and then we can have an adult conversation once the senate passes its budget and the house passes its budget. >> right.

. ryan lang and emily bedding covered the floor of their bedroom with nearly 60,000 pennies. they stuck the pennies to the floor with special glue and covered them with a clear coat. the couple said the project cost about $1,000. >>> when we come back we are just minutes away from the closely watched weekly jobless claims numbers. as you head to a break, take a look at the u.s. equity futures. we've heard from three on the dow component that came in right in line with expectations. dow up to about 12 points above fair value. s&p futures down by two points. nasdaq down by about 33. oming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal.

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