you always wonder what bob schiller will have to say. he will join us live coming up to see what is really going on in the housing market. it has been a week since nebraska governor gave a thumbs-up to a new plan with the keystone pipeline. we are still waiting to hear from the white house. first, more markets on" markets now". ♪ [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing. [ male announcer ] at edward jones, [hip-hop music] ♪ ♪ ♪ >> it is 21 minutes past the hour. i have your fox news minute. chief of staff warning about the possible collapse of the state. profes

that is according to the case schiller index one of the most widely watched price gauges. san francisco saw the second biggest increase in the nation behind only phoenix where places jumped 23%. san francisco niners faced media day in new orleans this morning. this is the chance for reporters to get a glimpse of the lighter side of the athletes leading up to the big game and a chance for the media to get up to question alex smith. >> to be starting and playing but it's a blessing to be in the superbowl. so enjoying it. we have a great team and great group of guys, loving it. >>> kaepernick says it's weird being the center of attention. he was slammed by hundreds of reporters asking from everything how she dealing with the heightened propensity to the rice a-roni jingle. 49er fans are indulging food the city is famous for. katie marzullo is o hot on the trail. >>> your mouth may water at the words alone. >> red beans, catfish, shrimp, rice for the beans. >> they know the new orleans palatte inside and out. >> you will see in people eating crawfish. shrimp season is year aro

. >> with that belief that there is no permanent record of the photograph, the snap shut community schiller -- shared more than 1 billion snaps since july. >> it is time to check on this weather. it was brought to this morning. >> we had cloud cover itself if not, it could have been colder. we were lucky it was 19 this morning. it will be a sunshine-filled after a man. -- afternoon. this is our shot from ijamsville. there is a thin veil of clouds southward and we are seeing more and more blue in maryland this morning. we will continue to see that breaking through but i want to find the coolest numbers this morning. it got as low as 15 out of winchester. 32 degrees in gaithersburg right now were they were 17 this morning. it was pretty chilly out there and temperatures are slowly climbing, upper 30's to near 40. 34 degrees right now in manassas. it will be a brisk afternoon. the clouds have been drifting south but-clouds are overhead that we will continue to decrease and we will see more in the name -- in the way of sunshine. we're in between two systems. we should get more of a clearing pat

tune into this one because we'll talk housing with robert schiller of the kay schiller index. big day for house. he's ready to make a dramatic call at 1:00 p.m. today. >> we look forward to that. coming up at halftime, bank of america and citi both lower after posting their results. is the run over for the banks or just paugs. we'll ask kevin holt if he's betting his $17 billion on the financials. later you asked for it on twitter with plays on four stocks that you want to know how to trade. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak

that is according to the case schiller index one of the most widely watched price gauges. san francisco saw the second biggest increase in the nation behind only phoenix where places jumped 23%. san francisco niners faced media day in new orleans this morning. this is the chance for reporters to get a glimpse of the lighter side of the athletes leading up to the big game and a chance for the media to get up to question alex smith. >> to be starting and playing but it's a blessing to be in the superbowl. so enjoying it. we have a great team and great group of guys, loving it. >>> kaepernick says it's weird being the center of attention. he was slammed by hundreds of reporters asking from everything how she dealing with the heightened propensity to the rice a-roni jingle. 49er fans are indulging food the city is famous for. katie marzullo is o hot on the trail. >>> your mouth may water at the words alone. >> red beans, catfish, shrimp, rice for the beans. >> they know the new orleans palatte inside and out. >> you will see in people eating crawfish. shrimp season is year aro

a case schiller home price index here in chicago, new york, cleveland, boston, they are lagging. that is like for you, but get a phone buying a house. >> it's an excellent house -- time to be buying. increased prices for lumber, drywall. >> plumbing, draw of increase substantially, so we will be increasing a prices and. will we have found is a lot of people see that. there up buying already. >> markets that have recovered, news of the lungs and leg to call the ones that are bouncing back, the market to heard the storer corporation to four stories about. those are the ones that did best today on vacation our home price index. the people have really done well by the homebuilders. yours is a privately held company, but if we take a look at those talks, that is so we should have all invested in. you see a positive for this housing market because we just had consumer confidence numbers. they said, a record number of people are planning to buy homes >> the market is strong. rehearsing genuine interest. traffic is high. sales, would probably have the strongest january in many years. >>

schiller. i think it's fitting that we do rename a post office to honor the bravery and sacrifice and again i hope to provide comfort to the friends and family members of the late captain schiller in this action. le with that will i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from california. mr. issa: mr. speaker, i urge all members to vote for senate 38630, i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the question is will the house suspend the rules and pass senate 3630. so many as are in favor say aye. those opposed, no. in the opinion of the chair, 2/3 of those voting having responded in the affirmative, the rules are suspend spd -- suspended, the bill is passed, and without objection the motion to reconsider is laid upon the table. for what purpose does the gentlelady from illinois seek recognition? mrs. biggert: mr. speaker, i ask unanimous consent that the committee on financial services

the s&p case schiller index rising five months in a row. what's happening? super low mortgage rates, courtesy of the federal reserve, not congress. they're luring buyers back. and buying looks more attractive when rental prices have climbed 12 quarters in a row.

the latest data from s&p-case schiller shows prices in 20 u.s. cities in november rose 5.5% from a year ago. was al theenth month ia row that prices have increased, the longest stretch of gains since before the financial market started to crumble. suzanne pratt takes a look at whether the housing recovery will continue. >> reporter: mortgage broker gary leib is taking a lot of calls these days even though the spring selling season is still a few months away. >> we are busy. i'm busy with both refinances and purchases, always helping people to save money or get into a home with a really good interest rate. >> reporter: the activity in lieb's office is a direct result of what's happening in the nation's housing market: people are buying and selling homes again. as a result, home prices are also moving higher. in 19 of the 20 major markets that s&p-case shiller tracks, prices in november were up from a year ago. only new york posted a modest decline while phoenix, hard hit in the housing crisis, had a 23% gain. >> housing, overall, i think is gettin

the latest data from s&p-case schiller shows prices in 20 u.s. cities in november rose 5.5% from a year ago. it was also the tenth month in a row that prices have increased, the longest stretch of gains since before the financial market started to crumble. suzanne pratt takes a look at whether the housing recovery will continue. >> reporter: mortgage broker gary leib is taking a lot of calls these days even though the spring selling season is still a few months away. >> we are busy. i'm busy with both refinances and purchases, always helping people to save money or get into a home with a really good interest rate. >> reporter: the activity in lieb's office is a direct result of what's happening in the nation's housing market: people are buying and selling homes again. as a result, home prices are also moving higher. in 19 of the 20 major markets that s&p-case shiller tracks prices in november were up from a year ago. only new york posted a modest decline while phoenix, hard hit in the housing crisis, had a 23% gain. >> housing, overall, i think i

including an accident in schiller park which left 2 people injured. the 2-car accident happened on the 38-hundred block of east river road. snow led to slippery driving conditions across the chicagoland area this morning. the department of streets and sanitation deployed almost 2- hundred of its 2-hundred-84 trucks to clear streets of snow and apply salt. there's fear could collapse under the weight. disease sexually assaulting a 17 year- old girl. more on how the alleged attack happened. >> making his first court appearance. he is charged with sexual assault and attempted sexual assault. the charges are related to an incident that happened last thursday involving a 17 year-old girl. it is a personnel matter that she could not disclosed. >> this time we cannot trust anybody. >> this has been going on in a lot of schools. he was a varsity basketball coach. he was giving the 17 year-old student and her friend a ride home from school. then told the friend to get out of the car. the friend witnessed jones and the girl engaged in sexual acts. she told her

schiller didn't float anybody's boat. tomorrow fourth quarter gdp, slightly above or below, depending on expectation. that must explain the rally in stocks and why the bond auctions have been going so well. five-year note yields, 35 billion fives, an above average auction, nothing spectacular but you can see we're moving back up in yield after the auction. looking at a two-day jump, testing at 90. tens look like they want to make a go at 2%. you can see the correlation between stocks and bonds. the biggest reason people are trying to push treasury prices lower is because we continually see a big push of stock prices higher. back to you. >> thank you very much. boeing, the big earnings story to watch, almost every analyst focusing exclusively on what the company has to say about its dreamliner problems. phil lebeau knows about two very important different areas that investors may need to watch even more. phil. >> tyler, you have to watch the defense side of the business with boeing. it gets half its earnings from the defen

the latest data from s&p-case schiller shows prices in 20 u.s. cities in november rose 5.5% from a year ago. it was also the tenth month in a row that prices have increased, the longest stretch of gains since before the financial market started to crumble. suzanne pratt takes a look at whether the housing recovery will continue. >> reporter: mortgage broker gary leib is taking a lot of

according to kay schiller index, the bay area which encompasses nine counties up 1.4% in november from the month before. that tied phoenix for the biggest monthly gain. up 12.7% from a year earlier the second biggest gain after phoenix, up nearly 23%. yahoo reporting its earnings after the closing bell yesterday. good news for ceo marissa mayer who is six months on the job. yahoo topped expectations. overall 2012 it was the first revenue gain since 2008. yahoo shares are up on that news. >>> apple announcing this morning that it's going to offer a new ipad that doubles the storage capacity of its largest model. that's a 128 gigabytes now available. it will go on sale february 5. wi-fi only version for $799. and the cell-connected version for $929. let's see how the market is doing off to a pretty flat start. right now the dow is up by about 10 points. nasdaq is falling 10. s&p trading flat at 1500. apple shares up 1% on the new offering and yahoo up .5% off its earnings report. >> thank you, kcbs radio's financial reporter jason brooks. >>> cbs sparing no expense, michelle griego actua

why, the latest case schiller home price index shows prices steadily rising, rising because of record low mortgage rates, a low supply of homes for sale and huge investor demand in the huge crash markets, but they really harp on the low supply which was due to anemic construction, a big delay in foreclosures and lots of underwater borrowers who just couldn't movement home prices usually move on fundamentals like job and income growth, and if you go by those, prices should have gone nowhere last year. zillow's chief economist stan humphries agrees. the november report shows prices up over 5% year over year, but he's predicting just 2.5% growth in 2013. again, it's the supply thing. he says supply is going to increase. why? well, now that prices are higher, more people come out from underwater, and the they are able to put their houses on the market. plus, big states like new york, new jersey and florida whose foreclosures were stalled, they are ramping up now. thousands of homes where people haven't paid the mortgage in years. they will come to market. now, neither fitch nor zillow cla

the standard and poors case- schiller index said new york was the only major city to report a decline. and on wall street, the dow jones industrial average gained 72 points to close at 13,954. the nasdaq fell a fraction of a point to close at 3153. those are some of the day's major stories. now, back to gwen. >> ifill: we take a two-part look at president obama's choice to be the next secretary of defense. confirmation hearings for former nebraska senator chuck hagel are set for thursday. among other things, he is likely to face questions about the pentagon's looming budget crisis. automatic spending cuts set to take effect march 1 mean the defense department will have to find $52 billion in savings this year and half a trillion dollars over the next decade. newshour correspondent kwame holman reports. >> holman: outgoing defense secretary leon panetta recently sounded the alarm at the prospect of looming budget cuts. >> the most immediate threat to our ability to achieve our mission is fiscal uncertainty. >> holman: that damage could be felt soon. thousands of the pentagon's civilian

if you look at the housing prices, the schiller index out here, we're at six-year highs, november to november. you have a place, as guy said, rates are telling you what's going on. you know what they called the two year note? >> the bunde-schad. this is telling you that even germany, which was the ultimate fight to quality, they were negative ten basis points. >> yeah, it is the regret rally, for anybody who missed last year, you got to chase it up at these levels. i can find 20 different reasons why the market should go down but it just doesn't. it keeps going up. a lot of it does appear to be cash coming into the market. the market isn't necessarily reacting to good or bad news. it is just mechanical. scares me a little bit. >> to brian's point. it is institutional asset allocation. one of the things that came out of davos was an analysis of where earnings are and the earnings yield for the overall market, relative to german bonds, u.s. treasuries, et cetera. 7% are in the market, 2% yield on u.s. treasuries. that's just too big of a spread. and you're seeing a lot of tactical asse

the standard and poors case- schiller index said new york was the only major city to report a decline. and on wall street, the dow jones industrial average gained 72 points to close at 13,954. the nasdaq fell a fraction of a point to close at 3153. those are some of the day's major stories. now, back to gwen. >> ifill: we take a two-part look at president obama's choice to be the next secretary of defense. confirmation hearings for former nebraska senator chuck hagel are set for thursday. among other things, he is likely to face questions about the pentagon's looming budget crisis. automatic spending cuts set to take effect march 1 mean the defense department will have to find $52 billion in savings this year and half a trillion dollars over the next decade. newshour correspondent kwame holman reports. >> holman: outgoing defense secretary leon panetta recently sounded the alarm at the prospect of looming budget cuts. >> the most immediate threat to our ability to achieve our mission is fiscal uncertainty. >> holman: that damage could be felt soon. thousands of the pentagon's civilian

about rumors that it's making a apple eecutive phil schiller spoke out thursday... ssying that will quote - "never be the future of apple's products." earlier reeorts said the tech giant was half of the world'' food... is 3 to a nne study... y thh britishhbased institution of found that each yeaa... more than 4-billion tons of food are prrduced... and that as much as half of what they wa& buy at tte store. coming up... et reaay to sport your purple pride! pride!we're iving away somee greaa ravens gear... courtesy win this a-f-c north divison champion hat... ii just minutes away. 3&and later... the flu is spreading so quickly... some health officials arr allingg it an epidemic. where the death toll now standd. you're waaching fox 45 morning morning. [ woman ] this is mis my . i feel more inspired. more positive. [ male announcer ] only lipton adds fresh-pressed tea leaves to its new great tasting blend. drink new lipton and you'll be surprised how great you feel. ♪ your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren'

schiller reports showing u.s. home prices continue to rise through november of last year. the ten-city composite up 5.4%. here on cnbc, david blitzer, chairman of the s&p 500 index committee, who's going to help ring the bell today, for a different reason. 20 years on the spider. >> 20 years in the spider. it shows what a good index and great etf can do. far and away one of the largest funds anywhere in the world. >> in terms of the home prices, not bad for the dead of winter. you make the point even though winter's not a seasonally strong time for sales, prices okay. >> that's right. if one looks at the seasonally adjusted figures or 12-month figures, home prices continue to appreciate even though november is clearly into the winter months. so there's a lot of momentum. it shows up in all the housing statistics, not just the prices. and as far as i can see is going to carry well into the new year. it's not going away. >> because shiller writes this piece over the weekend, which i'm sure you saw coming, saying he is a little more agnostic on using the data to predict what

apple executives filled schiller reportedly spoke to the shanghai evening news about the buzz of a budget iphone. he said that will ", never be the future of apple products. >> earlier reports of the textiles were a lot cheaper version to combat the slowing sales. >> >> i will go with that because they never lower the price on anything. we will keep the high prices. >> still ahead on the kron 4 morning news more problems for boeing this morning and federal investigators are taking action. >> and waking up to cold weather in the bay area this morning! before check of your forecast, coming up in just a >> and welcome back to the kron 4 morning news. new this morning more problems for boeing 787 streamliner. the jets suffered a cracked cockpit window and an oil leak on separate flight in japan on friday. both of all nippon airways' jets. >> earlier this week a battery fire caused damage to and in the 787 operated by japan air lines. while on the ground in boston. then another j f l 787 spilled fuel on the taxiway also at boston. after a computer glitch on the plane caused a valve to open. th

we were ready to leave the -- there was a soldier who came and told the pilot, "can you wait, father schiller wants to see him?" and here comes a priest on a mule that almost got decapitated because he was just so intensely looking at the body that he didn't see that the blade of the chopper was already going on, and he stopped just about this close from the blade and he went down. he actually blessed, which to me not looking inside, i took a picture, while he was doing that and i mentally went over and said, "this is a man that never believed in god, nevertheless he received the last rites ritual of the church." we took off from there, and we landed at vio grande area, and that is where they were waiting for us, everybody sort of hid my cab down. i was in uniform and left so i would be, you know, out of being in picture or photography, whatever, and of course everybody left with the body to the hospital in la paz . where he was attended there. i stayed with the head of intelligence, major sosadra, and the head of operation, serette, and the pilot, and then went and had a meeting with general

today's kay schiller reports says our housing prices rose nearly 13% in november compared to a year ago. homeowners loving that. traffic and weather i think you're going to like that too, it's coming up next. >>> good morning. liza battalones here san francisco police department still on scene at the intersection of ninth street and brannan. that's where we have this major injury accident. it is in the clear stages involving a tow truck and pickup truck with the tow truck you can see here slamming into the building again major injuries. they are working to clear up that intersection in san francisco at ninth and brannan. as we check on the bay bridge commute, metering lights are on backed up to the maze. lawrence has the forecast. >> a few high clouds today making for a beautiful sunrise. looking good out the door from our mount vaca cam early on. because of the clouds, not quite as col this morning. 38 in the napa valley, 47 san francisco, breezy at the coast in pacifica. this afternoon highs in the 50s and low 60s. a very nice day with mostly sunny skies. warmer weather on the way com

. >> we're going to get kay schiller, speaking of housing, tomorrow. and how he's saying, i'm not sure that there is a solid recovery. in other words, i'm not going to predict what prices will do next. interesting. even though they've had a pretty good run here. >> when we talk about housing, we talk about being up, what, 20%, 25% over last year in terms of new homes, we're coming off a historic bottom. it's still not huge numbers in and of themselves. >> i spoke to dan fulton on friday, the warehouser ceo. fabulous ceo. china, needs our lumber. japan, finally rebuilding from fukushima have tremendous radiation period. we haven't started the sandy rebuild yet. the united states, he's talking about inland empire, which had been the single worst hit area in america, bidding wars for houses. he is saying wi is going to be an upyear. analysts downgrade it. this is why i say there's another current of skepticism. largest lumber company, that stock's not stopping here. >> i had to laugh when trim tabs gave their inflow numbers for january. $55 billion into m

key factor in the industry coming back but really the consumer confidence in pricing, you know, case-schiller and the other indices give a lot of confidence. >> the buys on the phone was good from viewers and it's competitive but i think for r.i.m. it's a little too late. >>> good thursday morning. we're live at post 9 at the new york stock exchange. the dow, s&p, nasdaq had red arrows yesterday, a couple more today, dow is down about 12 points, s&p back below 1,500, to 1,499. qualcomm posted strong first quarter results after the bell, the company also issuing a forecast that was ahead of expectations. shares of r.i.m. down sharply after releasing the blackberry ten, evercorps taking it to underweight from equal weight, credit suisse cutting it from underperform to neutral. >>> facebook getting no love from the street after reporting results last night down after the bell, is the slide of buying opportunity or should you steer clear of the stock for now? we'll tell you how to play it. >>> the ceo of whirlpool will join us for an exclusive interview. the stock is trading at a new 52-week high

chairman of boies, schiller and flexner. >> good to be here. >> so you met with the board of aig, presented to them yesterday. they came back with the decision saying they weren't going to pursue this case with you. i have to imagine you understood going into the room, the politics of this. the view, the public view that this was biting the hand that fed you. >> unfortunately that is part of a story that the government has put out and some people at aig have put out. in fact, that's not what's going on at all. what happened was, as everybody knows in 2008, the government made a loan to aig. this was pursuant to a section of the federal reserve act, section 13-3 if it matters, that was set up following the depression to allow the government to make certain loans. and there are limits to what the government can demand in return for those loans. it can demand an interest rate, and it got eight very high interest rate here. it can demand full security, and it got full security. what it cannot demand, as a court in washington, d.c. has already ruled, is that the company give up its equity. that