case schiller is going to look at 0 major metropolitan cities. it is going to give you somewhat of a housing value on residential real condo sales or new construction but right now wall street is expecting a year over year increase of 9%. the biggest increase then since 2006. if you bought a home a year ago you should be feeling pretty good right now. >> okay. so oddly enough i am shopping for a house right now. i have heard of bidding wars in certain cities like homes on the market that go in one day. how common is this and in what >> that is common especially in washington, d.c. and in new york. you think of some of the biggest cities obviously where there is a lot of commerce that's taking place, they can also focus on the west coast and san francisco. of course even in san diego. there are certain cities in this country right now that you do have those bidding wars that are taking place. it is almost like you would feel it is part of the housing bubble. like what we had preet economic collapse. but i got to tell you, a lot of these home buyer

case-schiller says home prices roast 9.3% since a year ago. phoenix, san francisco, and las vegas include those with the biggest growth. we won't see the positive affect trickle down to stocks. investors taking a breather after a nice rally on monday. along with the housing market. the focus on corporate earnings. 40 s & p 500 companies clocking in with their report cards. today's the final trading day of april. a pretty darn good month for stocks, the dow, s x p 500, up 1.5% since march. dow, five straight months of gains, nasdaq, s & p 500, six months in a row of gains. coming up in a half hour on the radar, numbers on consumer confidence, chris, we'll see if that can give stocks a more definitive direction. if the record runup can continue today. chris. >> allison, thank you very much it matters even if you don't have money in the market. again a lot of momentum that's positive finds twits other parts of the economy. that's why we follow it so closely. other top stories, ford poised to make history in myanmar. the first major automaker to o

the case schiller index shows that phoenix led the way with prices up 23%. san francisco was up 19%. dallas, 7%. boston and chicago 5%. and new york home prices were up about 2%. there is a big increase too in los angeles. and here's carter evans. >> reporter: home prices in los angeles are up more than 14% over last year. rising so quickly, alex griswald had to rethink his plan to buy a bigger home for their growing family. >> we decided that the best way to get a good house in a good area for us for the next five to ten years was actually building a new, a completely new house here. >> reporter: the rising value of their omahas allowed the griswalds to take out a home equity loan to pay for construction. >> at the end of the day i'll be able to put in the money here, have the bigger space that we need, be able to get my money back because of the market condition and not spend as much as i would have buying elsewhere. >> reporter: a low inventory of homes on the market is driving the rapid recovery in prices across southern california. in march, 52% of home

but thanks for the thoughts were of course watching this story closely we appreciate your input sean schiller political analyst and blogger there on the line thanks. china has been back over america's global order of inequality high crime and he will rights violations the annual report highlights shortcomings in the country so issued its own report right back like seriously asking target. after years of swallowing accusations of violating human rights beijing is fighting back after last year the u.s. published its scolding human rights practices report now china held a mirror back to washington and its role of international human rights judge let's take a look at where the two clash the u.s. again accuse china of limiting internet freedoms the so-called great firewall of china where beijing has long being under scrutiny for blocking many western websites such as facebook google and you tube but those criticizing china are no saints sounding people and cispa bills to control internet data have made waves across the atlantic lately and the u.s. government approved interception of private text m

joining me now with his outlook for the economy, former bp, the president and ceo of the cake schiller institute. good to have you with us. >> good to be here. lou: sitting here watching the markets act like it was to just a little bit. do you think that we're looking at the prospect of a correction? what do you see here? want you to divine these markets, turn to the economy. >> well, you know, the stock market seems to be driven more by a policy than economics. every time the fed announces that will print more money with another qb you're the japanese are going to debase the currency, markets react positively. i think that is a really difficult that of the environment to make predictions. economic fundamentals are not really driving, i don't think, of the policy in the marketplace lou: well, with that in mind, the economy itself, we're talking about 23 million people still unemployed and underemployed. and a president who is spending more time on gun-control and immigration reform then the -- that creating jobs are really economic growth. now, there are a lot of criticism of this pres

that's according to the standard and poor's case schiller price index. the report shows increase of 9.3%. we haven't seen a jump like that since just before the height of the housing bubble. you might call it compassion or move to draw new talent into silicone cale. yahoo has just announced it's upping the amount of paid leave for all new mothers and fathers with that company. new moms can now take up to 16 weeks off. dads can add 8 weeks. that's roughly in line with what facebook and google are already offering their workers. your next ticket to first class window seat could be waiting for you on the auction block. several oversea airlines are now offering to sell upgrades to passengers coach class on flights where the airline expects empty business class seats. there is a catch. the bids are blind. airlines do not want to reveal the amounts of the winning bids so business class passengers won't buy economy seats in hopes of winning a cheaper upgrade. a father in new hampshire says he lost his life savings on one carnival game. and all he won was a bana

in general use schiller which smoothes earnings over ten years. and in general most markets to cheap. the average value across most markets is around 15, but if you look toward the beaten down european sector, companies such as ireland, you know, even possibly russia, you are getting down into single digits or even low single-digit which we think our generational bynum opportunities. liz: into that and, as we look at all of what has been happening with the global markets, cyprus, as we mentioned, did not do it. it did not shake the market's enough, but if there is something the you foresee the when you're in your circle of equity guiding that is starting to make you a little concerned that there. >> just as you see people spending, feeling like they have missed the market rally. some strange things going on, talking about cyprus. no one ever thought that it would be something that we would be talking about. liz: and harvard one in the big dance. that was bizarre. >> that's right. go ivy league. who would've thought? pretty crazy times, but that co

and the standard & poors/case- schiller index showed home prices jumped more than 9% in february. that's the biggest increase in nearly seven years. on wall street today, the dow jones industrial average gained 21 points to close well over 14,839. the nasdaq rose more than 21 points to close above 3328. those are some of the day's major stories. now, back to judy. >> woodruff: coverage of the president's news conference today with a look at his relationship with congress. joining me now are dan balz, chief correspondent with the "washington post." and glenn thrush. he covers the white house for politico. welcome. to you both. so the president said, we heard him say at the news conference the rumors of his demise are greatly exaggerated when jonathan karl of abc asked him does he still have the juice to get the rest of his agenda through congress. dan, does he have the juice? >> well, he has some juice. but we've seen throughout his presidency, particularly after the 2010 elections, how difficult it is for him to get the congress to go along with the things he wants to do. and we t

case schiller. he is co-founder of case schiller home price index. the american dream is of a better future, a confident retirement. those dreams have taken a beating lately. but no way we're going to let them die. ♪ ameriprise advisors can help keep your dreams alive like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. and that's what they can do with you. that's how ameriprise puts more within reach. ♪ >>> welcome back to "squawk box" this morning. your hands are going into the camera. the futures right now are down. dow opens 16 points. nasdaq off one and a half. s&p a little over two points. shares of avon. a van helped by cost cuts and improved sales in brazil and russia. >>> markets rallying to records. our next guest says he's not just bullish but he is in his uptick the next seven years. quantitative management associates. ed, you have been bullish for a while. you are now more overweight in the u.s. versus international stocks. >> that's right. the energy story and the lo

and the standard & poors/case- schiller index showed home prices jumped more than 9% in february. that's the biggest increase in nearly seven years. on wall street today, the dow jones industrial average gained 21 points to close well over 14,839. the nasdaq rose more than 21 points to close above 3328. those are some of the day's major stories. now, back to judy. >> woodruff: w coverage of the president's news conference today with a look at his relationship with congress. joining me now are dan balz, chief correspondent with the "washington post." and glenn thrush. he covers the white house for politico. welcome. to you both. so the president said, we heard him say at the news conference the rumors of his demise are greatly exaggerated when jonathan karl of abc asked him does he still have the juice to get the rest of his agenda through congress. dan, does he have the juice? >> well, he has some juice. but we've seen throughout his presidency, particularly after the 2010 elections, how difficult it is for him to get the congress to go along with the things he wants to do. and we

europe that in more hopeful times had chosen to base its anthem rather than anything contemporary on schiller's p "ode to joy" and the musical setting by ludwick van beethoven in his ninth symphony. parliaments matter. parliaments must continue to matter. centuries of effort have been invested by european citizens in securing the vote, for example, in extending the vote, and it is to parliament citizens look for accountability, for strategical lternatives. and if the european parliament were to lose the capacity to deliver accountability, where lse might it be found. ? is there an alternative that can meet the requirements of a deliberative democracy? i believe not. but i believe parliaments must draw on the resources of experience, of inherited intellectual capacity, in all its diversity, and from above all,m the best of contemporary intellectual work, and they must do so in a pluralist way. i am conscious as a european citizen that as parliamentarians, you are the elected component of the european union, elected by citizens from your diverse electorates within the same few days, and i want to

overhanging threat, and this is something that robert schiller talks about all the time. we're going to go back into kind of a housing recession. the question is can the economy truly somehow traction and recover, people hired, that prevents that from happening in my view. >> that's true. >> or do we finally realize this boom we've. having is really financed by investors. >> could you actually had a ton of guests on. >> 32% of all house sales are invested. could another positive be the uptick in the private mortgage market? forget the government backing, could have private money right now. >> like banks actually make runs to real people? shocker. >> what do you think? >> you know, we're still sort of waiting for that. it's interesting the government is still most of the mortgage market. >> yes. >> at this point, and banks really have not gotten in it. i think we're regulating them too heavily and regulating the small banks out of business. >> yeah, that's true too. >> i know bankers in the mortgage got out because of dodd-frank. >> picking op regional banks. what's coming

bob schiller, who is one of the coauthors as well was on earlier with dagen mcdowell and said, regardless of the numbers, we're not off to the races yet. how do you feel about that? >> well, i guess it is how long the race is. or how far you want to run as much as athing else. think numbers are very good. i think bob would agree they're good numbers about. it is very much a positive report. the real question is, will the economy sustain itself and, if that happens, housing should sustain itself. but if the economy faulters, housing might be at risk. from what i see of the economy, we have less fiscal stimulus than we had six months ago. we had tax increases at gunning of the year. we had spending cuts. some spots are starting to weigh on the economy. if it weighs too much it threatens everything but housing. but right now the numbers look very good and i think ey on at asafe months forward. tracy: do they look good because we fell so far? get a city like phoenix, up 23% year-over-year. is phoenix on stepsably its own little bubble? >> well it seems to be in its own little spot because its

prices climbed more than 9% last year, according to the s&p schiller home price index. it's also the biggest rise in prices in nearly seven years. experts say that's because of a growing number of buyers who are bidding on a limited supply of homes for sale right now. >> megyn: major milestone in the trayvon martin shooting case. as we hear from george zimmerman, the defendant in the case himself. a key hearing took place today that could establish the framework for his case. the former neighborhood watch leader is charged with fatally shooting trayvon martin, and there was talk in the early stages of this investigation that a stand your ground self defense law may be in play, that he would ask for an immunity hearing fro that would prevent m from getting in front of a injury. that's traced forever, trace gag gallogallagher. >> reporter: that hearing potentially could have cleared him of any criminal wrongdoing for shooting trayvon martin. today under oath the judge, deborah nelson, questioned zimmermazimmerman directly overe objections of his defense attorney, but the

prices climbed more than 9% last year, according to the s&p schiller home price index. it's also the biggest rise in prices in nearly seven years. experts say that's because of a growing number of buyers who are bidding on a limited supply of homes for sale right now. >> megyn: major milestone in the trayvon martin shooting case. as we hear from george zimmerman, the defendant inhe case himself. a key hearing took place today that could establish the framework for his case. the former neighborhood watch leader is charged with fatally shooting trayvon martin, and there was talk in the early stages of this investigation that a stand your ground self defense law may be in play, that he would ask for an immunity hearing fro that would prevent m from getting in front of a injury. that's traced forever, trace gag gallogallagher. >> reporter: that hearing potentially could have cleared him of any criminal wrongdoing for shooting trayvon martin. today under oath the judge, deborah nelson, questioned zimmermazimmerman directly overe objections of his defense attorney, but the ju

. >> and mark schiller in captivity? >> horrible, horrible. beaten every day for a monthful after he turned over all his assets to him they strapped him in a car, drove it into a pole set it on fire he stumbles out and they run over him six times and he lives to tell the story. >> "muscle and mayhem." dorm night six portables overnight near a school in san leandro. >>> good morning, it's 8:5. time for news headlines. a fire damaged six portables overnight near a school in san leandro. firefighters returned to the scene about 90 minutes ago because the fire was still smoldering. a battalion chief says the cause is suspicious since the newly delivered portables were not hooked up to gas or electric. >>> a driver was killed this morning in an accident near alamo in contra costa county. the highway patrol says the driver struck a power pole at about 2 a.m. on stone valley road near the intersection with roundhill road. the male driver died at the scene. >>> the city of san jose and its police union have struck a pension deal just in the nick of ti

seven years ago, according to the s&p case schiller numbers prices rose 9.3%. look at some of these markets. san francisco, up almost 19%. las vegas, up 17%. phoenix, 23% gain in home prices from february 2012 to february 2013. detroit, 15%. atlanta, 16%. if you live in an area like new york that was the weakest gain year over year 1.9%. what is driving this increase? well for most people really low mortgage rates. very low mortgage rates. 30-year fixed rate of 3.4% and 15-year at a new record low, 2.61%. but it is not all people borrowing money for cheap prices. it is also cash buyers and very low inventory. so in some metro areas, you have to pay up to get the house because there aren't a lot of houses out there to buy. now, let's look at where we have come. home prices are nowhere near the record highs. this is the height of the bubble. this is where we are now. when we talk about a recovery in home prices, we're talking about a recovery from these lows where you saw a crash. we saw 28% below the peak of 2007. hold the champagne. we're seeing a slowdown mont

seven years ago, according to the s&p case schiller numbers, prices rose 9.3%. look at some of these markets. san francisco, up almost 19%. las vegas, up 17%. phoenix, 23% gain in home prices from february 2012 to february 2013. detroit, 15%. atlanta, 16%. if you live in an area like new york, that was the weakest gain year over year, 1.9%. what is driving this increase? well, for most people, really low mortgage rates. very low mortgage rates. 30-year fixed rate of 3.4% and 15-year at a new record low, 2.61%. but it is not all people borrowing money for cheap prices. it is also cash buyers and very low inventory. so in some metro areas, you have to pay up to get the house because there aren't a lot of houses out there to buy. now, let's look at where we have come. home prices are nowhere near the record highs. this is the height of the bubble. this is where we are now. when we talk about a recovery in home prices, we're talking about a recovery from these lows where you saw a crash. we saw 28% below the peak of 2007. hold the champagne. we're seeing a slowdown

more hopeful times had chosen to base its and some, rather than anything contemporary, on friedrich schiller's poem, only two joy, and its musical setting by ludwig van beethoven in his ninth symphony. and parliaments met a. parliament must continue to matter. centuries of effort had been invested by european citizens in securing the vote, for example. and extending the vote. and it is to parliament citizens look for accountability, for strategic alternatives. and if national parliaments, if the european parliament, were to lose the capacity to deliver a accountability, what else might it be found? is there an alternative that can meet the requirements of a deliberative democracy? i believe not, but i believe that parliaments moscow on the resources of experience, of inherited intellectual capacity, in all its diversity. and above all, from the best of contemporary intellectual work, and it must do so in a pluralist way. i am conscious in this year of the european citizen that has parliamentarians, you are the elected component of the european union, elected by citizens from your diverse elect