Transcripts For FBC Markets Now 20140212

Fight. The latest ahead. Carl icahn tells on neil cavuto his war with ebay is far from over. We meet a former marine whose new mission is to fight extreme poverty and that the same time terrorism. All that and more coming up on this hour of markets now. Connell a good story. The guy who is in the marines. Terrorism as you said, overseas in africa. Dagen did you let them figure out Business Plan . Connell pretty impressive guy. Change you for clarifying all this. One of those days when everything in your head will come out of your mouth liz Nicole Petallides starts us off at the Stock Exchange. Nicole a whole hour ford. The Dow Jones Industrials down 26 points, 50,967. Giving back a little bit of the recent gains we have seen before the week, a winning week on wall street 1. 5 . To kevin nasdaq up 49. 98 a. Posting a gain, everybody continues to follow everything we heard. And yesterday saying she is going to follow up, ben bernanke was on that committee. And will pull back slightly today. Right now we are taking a breather. Not many worries, caterpillar, microsoft, ibm, some of your best performers and commodities looking good. Gold is up 4. Dagen after narrowly passing in the house the senate could vote on a clean debt ceiling bill this afternoon. Connell rich edson live from washington with the latest. Phil peter they are trying to reach a deal on the debt ceiling, the senate is known for its procedure and one senator can force days of deliberation on any bill. Indications now are islamist supporters can muster 60 votes, senators will allow a fasttrack vote this afternoon. Ted cruz vows just that, he will acquire 60 votes though he will pass on delaying so senators can get out of washington ahead of the storm. Senate majority leader harry reid blasted that tactic. We have republican senators saying they are going to filibuster the debt ceiling. We cant default on our obligations. Too bad that a few Senate Republicans would threaten filibuster in this critical legislation. It is critical and it is crucial. Connell senate aides say likely 60 votes needed to get through the senate to the president s death, the bill would suspend the debt ceiling until march 15th of next year, well after the new Congress Takes control. Mostly democrat votes the house narrowly passed the bill last evening. Back to you. Dagen thank you for that, rich edson in washington. Connell Fox News Contributor jim green joins us. Good to see you. You must be i dont know, surprise or happy how this thing worked out with the democrats voting on it and being brought, clean debt ceiling bill, john boehner. This is what is good for the economy. I was listening to our colleague Stuart Varney little bit earlier. I love his accent but when he was saying this was a good political move i was a little bit this is good for Economic Growth and the gains that these folks have played had serious consequences. It has affected us in lowering by one percentage point real economic gdp growth. Connell lets not pretend politics 50 billion. Dagen then that means that 17. 2 trillion in debt is good for the economy which is ludicrous. These members of congress appropriated this money, said we are going to spend it and when it comes time to spend it we need to spend it. This threat and defaulting on our debt has cost us. When they did this two times before for those two weeks they were threatening we lost the equivalent of 120,000 jobs. We cant afford this. Connell we were going to raise the debt. The debt ceiling always goes up. At the end that always goes up and Everybody Knows that. Voted for it over and over and going back. Connell when president obama voted against it they play games with this, they both play games with the debt ceiling knowing it will go up. This time you can take it. To your earlier point about politics, the tea party thinks the Tea Party Caucus think that but he goes back in a few months when Something Big comes up and says i gave you this, now give me whatever he wants. This is not a political football. Not only has an affect our gdp, it has real consequences. It is more expensive for the average american to borrow money. Connell it is always going to go up. Dagen the debt ceiling and Credit Rating by the s p, it actually fell. Borrowing costs didnt get more expensive for anybody. All of the governing by crisis we have seen since 2010 since the Tea Party Got there a little bit of power, if you add up the sequestration, going over the fiscal cliff, the threat of the debt ceiling, at the to loss of 750,000 jobs. We cant afford it. Connell you think this is a turning point . Dagen i will give you that it looks bad, like those government shutdown, we could argue numbers all day but it looks bad for the republicans. John boehner, House Speaker didnt want to repeat it. The game plan seems to be coming up on the midterm elections we will focus on the failings of the president s healthcare law, obamacare, extend the employer mandate, once again for smaller employees in this country. We will put our chips on that and highlight that rather than getting into a fight over the debt ceiling which will get raised. They should move forward with it because our economy cant afford how they have been governing since 2010. We have taken the hits on unemployment, we have taken the hits on gdp growth, we have taken the hits on borrowing. Enough is enough. They have been saying with the debt ceiling threat take this job and shove it. Connell that has to be the strategy. Dagen you have a Record Number of people on food stamps and disability in the country and you cant just blame the gop for that. In terms of governing theres one person running the country and is president obama. He Needs Congress to come together and compromise. It is a good thing that happened yesterday. John boehner the republicans that joined the democrats. 199. Dagen it was squeaked by. Great to see you. Thank you for the debate. We do it with a smile. And catastrophic conditions. It may live up to the hype. Airmass of ice storm slamming into the southeast. Georgia power saying more than one hundred thousand people are without power. Also wreaking havoc on travel, 3,000 flights already cancelled today and we are just getting started. More the 2,000 at Jackson Airport in atlanta which is the Busiest Airport in the world. Lets bring in George Hamlin of hamlin transportation consulting. A lot of these cancellations are preemptive. People might be out of luck if they are traveling but that is a good thing. This keeps from congealing earlier. It allows it to rebuild in an orderly fashion after this epic storm hopefully passes through. Dagen what about i you i guess surprised by the weather these airlines have experienced . How would you grade them on how you can will be travel disruptions all winter long . This has been a tough winter. Without having all the facts, knowing what is going on inside the companies sometimes you give the appearance of being overly cautious. On the other hand remember the tarmac delays we had not many years ago, which is why we have some of the rules that are in place now. Dagen tell me about the Recovery Time. Is the Recovery Time now longer based on the way the air travel system is organized . Absolutely. Low factors are occupied, much higher than they have been historically. If you cancel the days flights a good a two or three days to take care of it after that. Dagen nothing the airlines can do beyond what theyre doing now. This is not a statement but a question in terms of preparation for this weather. Maybe next winter god forbid it is as bad if not worse one. If you could figure out how to make ice storms habitable, i suspect you would have a pretty good job. I dont believe theres a lot of that can be done with respect to an ice storm. Dagen not just in terms of air travel but complete preparations. Atlanta and that part of georgia really dropped the ball in the last major storm. What about now . Do you think these southern cities are better prepared than they were for the last one . That is my understanding. Be like taking this very seriously. I know somebody in atlanta whh walked we miles after his car got stuck, spent his night in his office. People are not going to repeat that. Dagen thank you so much, george hamilton, be well. Connell much more on this winter storm coming up in a minute. We will get the latest forecast in terms of where it is 5ed next. Dagen vowing to keep fighting to split up the bay. Will he win or lose . Stuart marines mission to turn areas struck by poverty in to self sustaining commodities. The best way to fight terrorism coming up on markets now. So ally bank really has no hidden fees on savings accounts . Thats right, no hidd fees. Its just that im worried about, you know, hidden things. Ok, whys that . Well uhhh. Surprise um. Well, its true. At ally there are no hidden fees. Not one. Thats nice. No hidden fees, no worries. Ally bank. Your money needs an ally. Legs, for crossing. Feet. Splashing. Better things than the joint pain and swelling of moderate to severe rheumatoid arthritis. If youre trying to ma, now may be time to ask about xeljanz. Xeljz tofacitinib is a small pill, not an injection or infusion, for adults with moderate to severe ra for whom methotrexate did not work well. Xeljanz can lower your ability to fight infections, including tuberculosis. Seris, sometimes fatal infections and cancers have happened in patients taking xeljanz. Dont start xeljanz if you have any infection, unless ok with your doctor. Tears in the stomach or intestines, low bod cell counts and higher liver tes and cholesterol levels have happened. Your doctor should perform blood tts before you start and while taking xeljanz, and roinely check certain liver tests. Tell your doctor if you have been to a region where certain fungal infections are common, and if you have had tb, hepatitis b oc, or are prone to infections. Tell your doctor about all the medicines you take, and if you are pregnant, or plan to be. Taken twice daily, xeljanz can reduce the joi pain and swelling of moderate to severe ra, even without methotrexate. Ask if ljanz is right for you. Dagen shares of dr pepper hit new highs. What is the story . Look at both of these shares, their shares got their numbers, a rosier profit outlook, up 6 , 68. 27. Then there is dr. Pepper was, posing some declines in the sale in the most recent period. Dr pepper doing a buyback expecting to buy back 375 million to 400 million in stocks this year, helping to push dr. Pepper to the higher levels. You are seeing it up 3 , 50. 32 a share for dr pepper, at what is cocacola doing . Squeezing out a gain. Bernard carl icahn the billionaire investor who was on with neil cavuto says he is on the warpath when it comes to ebay. Dagen Elizabeth Macdonald has the bottom line. Not enough ammo to win this fight. Based on the fact that a going gone behind the scenes and lets look at what the billionaire corporate raider told neil cavuto yesterday. Here is carl icahn. What you set your sights on now . You know about the base separating paypal. Neil they say no. Where is it going . You tell me. A battle is a battle. We are not afraid to fight a war. That war is just starting. Liz wall street analysts say this is like apples separating itunes from its business. Basically pay pal growing at 20 year, represents certain periods, 40 of the days overall revenues. Here is the other issue, big proxy Adviser Group institutional shareholders service, the way it has been moving against these proposals doesnt bode well for carl icahn. There has only been 12 Corporate Breakup proposals according to facts set, sent to investors since 2005. Only half of those make it to a shareholder vote and the thing is Institutional Shareholders Services already said to carl icahn no way on your move to get apple to buy back more stock. Apple investors to vote against carl icahns proposal to buy back more stock and just recently backed down on his effort to get more stock. This is the proposal whether carl icahn continues this fight remains to be seen. As a big hurdle against him. Connell thanks a lot. Dagen after slamming the south the latest winter storm making its way up the east coast, were tracking the latest, also Flight Cancellations and what that means for you. Connell from the host of American Idol, stylist, Ryan Seacrests latest business venture, how he wants to change the way guys are dressing. Dagen and he produced the kardashians so he deserves something for that alone. announcer scottrade knows our clients trade and invest their own way. With scottrades smart text, i can quickly understand my charts, and spend more time trading. Their quick trade bar lets my account follow me online so i can react in realtime. Plus, my local scottrade office is there to help. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer ranked highest in Investor Satisfaction i trade like me. With selfdirected services by j. D. Power and associates. 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Connell before Ryan Seacrest with all the problems of dressing, Charles Payne is you to make money. Has a message of earnings. Dagen what do you mean another . What are you looking at . Charles the earnings that are coming out always tell us a story and a lot of times we say so and so beat by a penny and up 10. What i am saying is an amazing story of a potential nice gdp run this year driven by construction. We had 48,000 construction jobs in the january report. Construction margins are up significantly and the only part of business they get guidance was construction of 10 then you go to owenscorning, the installation business returns to profitability, new construction, Pricing Power is so important, leverage, roofing business back again, new construction will be huge. These things make me believe construction will be huge this year. One other earnings reports this morning, old School People watch the market and always watch the corrugated box plays. These guys with corrugated boxes and container boards, the numbers were phenomenal, inventories down, guidance strong, Record Numbers, these things point to an economy with potential to do extraordinarily well and be the underpinning of higher stock market. Connell you see that as one of the simple messages, by these companies or do you take that message and apply to Small Companies with more Growth Potential . Charles windier said everything on the agriculture side would be down the first thing i did was find some places but the larger macro picture, for people who are really concerned particularly after the slow start and jobs numbers, corporate data lot more than government data. It gives us a greater insight to what is going on and i like what i am seeing so far. Connell thank you very much. Dagen this dude does look good on the American Idol stage. Ryan seacrest has a radio show, he has also bought off the kardashian and sunset as a television producer, now he is getting into the fashion business. Jack of all trades launching Ryan Seacrest distinction, a clothing line that uses a color matching system to help guys match pants, shirts and ties. To launch the line, put it in 150 of its 800 stores for the fall season. Prices on items will start at 45 and got to 4,500. Anyone who grew up in the 70s your animals with the tags or the head bowed to the hit bomb. You can answer the monkey to the monkey. Charles every website tells women to who to date, denies date a guy of they cant match their colors dont date them. If you dont want to date dont show up until this girl by the way i am using the Ryan Seacrest system. Animals for adults. Dagen the company is owned by berkshire hathaway. Connell knows how to make money. Dagen Warren Buffett doesnt need to dress well. Connell can go around looking like josh, our stage manager who would be a perfect candidate for this. Charles Warren Buffett for stop and frisk. Dagen can you see that . Dagen for lunch three days ago, everyone has been wearing systems. Bernard we are endorsed, storms on the way. Dagen which streetcorner kid you sleep on last month, detritus on his clothing. The House Oversight committee considering the u. S. Security clearance process. Talk about all these people have security clearances, come up with ed snowden stuff, the a Senate Attorney brian finch coming gone and what that might mean for the Defense Industry it is tougher to get these clearances. Dagen atlanta dealing with more nasty weather. Officials morning Power Outages could last for days. Fox newss Jonathan Barrie will join us with the very latest. [ male announcer ] this is karen and jeremiah. They dont know it yet, but theyre gonna fall in ve, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never ght about money. [ dog barks ] because right after they get married, theyll find some financial folks who will talk to them about preparing early for retirement and be able to focus on other things, like each other, which isnt rocket science. Its just common sense. From td ameritrade. Its just common sense. If. Hey breathings hard. Know the feeling . Copd includes emphysema and chronic bronchitis. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my obstrucd airways for a full 24 hours. Spiriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Does breathing with copd weigh you down . Dont wait to ask your doctor about spiriva. Connell still coming up on markets now. A lot of people calling get catastrophic, this winter storm dumping nice and snow across the south. We will have the latest on when and where it is knitting. And a new push to revamp background checks for defense contractors, how long the navy are shootings, and hackers launching a massive attack on two bitcoin exchanges. Dagen ubs cut the rating on amazon but the company has plans. What is the story . Nicole a couple stories here, what the Company Plans to do saying it plans to hire 2500 fulltime workers, more than 2500 at their full time Fulfillment Centers and this is across the country, comprehensive benefits and benefits across the u. S. And stock is down 3. 4 down 13 at 3. 38 and that is on call from ubs, and cut the price target down to 3. 75 which is still up side from where we are, hovering around 350, going up to 375 and put a neutral rating from a buy rating so it is worth watching this and the high 408 and change but they cut that target. Connell eyes, freezing rain hammering the south, the storm making its way up the east coast, and massachusetts. Dagen maria molina is tracking the storm. Anywhere from texas to the state of maine we could be looking at some form of Winter Weather from the storm system, that is an area or length of approximately 2,000 miles, 2,000 miles worth of some form of Winter Weather advisory or warning. I want to show you the set up across the southeast across the carolinas and georgia, cold air dipping down on the surface moving southward all the way to georgia. Then this moisture going over colder air at the surface and when precipitation comes down actually ends up freezing because temperatures at the surface are below the freezing mark and that is why we expect significant freezing rain across georgia in to the carolinas and we have freezing rain right now being reported in the city of atlanta and across parts of South Carolina and take a look at charlotte, light snow coming down right now and already reports of a quarter of an inch of Ice Accumulation but we expect that to continue through the day today and the storm heads no. And as we head into first a we see impact across the northeast and by friday morning still snowing across new england. About half an inch device expected, up to an inch across South Carolina and georgia. Widespread 612 inches across the appalachians and farther north and the forecast for new york city approximately 510 inches of snow and it is going to be a mess because we could actually have some sleet and freezing rain mixing in. Dagen when did this start in the new york area . In the tristate area we expect a start time between midnight tonight and into 2 00 a. M. So it will be late tonight but it will continue on thursday, possibly into thursday night so it is going to be more than 12 hours potentially of rough weather out here across the region. Those dark areas, parts of vermont, massachusetts and across maryland the Higher Elevations you could see 1218 inches. So inland areas looking at bigtime impacts. Dagen there is a 100 chance that i will fall and by myself on the way to work tomorrow morning. Connell if you are betting on that. Dagen 100,000 people without power in georgia. Connell officials warn the outages could last for days. Jonathan kerri of fox news joins us from atlanta with more. They are keeping a nervous watch on the power. Also the highways are another concern. Look behind me, looking at the downtown connector, this is where interstate 7585 meet in midtown and downtown atlanta before separating again on the south side of the city. Ordinarily the downtown connector is busy pretty much 24 7 and here it looks like a ghost town. People are really heating warnings from officials to stay off the roads. Georgia officials wanted to avoid what happened in the winter storm two weeks ago when people went to work expecting light dusting of snow and when the heavy stuff started falling everyone tried to return home. So this time around officials deciding to air on the side of caution, issuing a very Early Warning and people following that warning and by and large staying home. So traffic may not be as serious an issue this time around, this time around everyone is concerned about the power. More than 100,000 customers statewide in georgia without power in neighboring South Carolina. Nearly 30,000 customers, as they hunkered down in their houses to be prepared to go without electricity for several days. Connell one note on this storm, it will not stop the power ball drawing tonight. There has not been a winner in 2014. There it is. Dagen looking bored lottery. Connell 284 million. 163 million if you go all cash making it easier. The odds are 1 in 175 million of getting all the numbers right. Dagen dont care, putting a note on the calendar to buy a ticket. Preventing another ed snowden, Congress Looking to beef up background checks for highlevel security clearances. Connell the hyatt limo service taking to these guys. What that is all about. Dagen i use it all the time. All the time. Welcome back. How is everything . Theres notng like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Lori i am lori rothman with your fox business brief. Something to tell you about, tuileries calling 1. 9 million prius hybrids sold all around the world including 700,000 in north america. Japanese automaker says Software Glitch could cause the vehicle to stall. These remain between march of 2009 and this month. More americans keeping up with their mortgage payment according to trains union. The percentage of mortgage holders two months behind on their payments fell to 3. 85 in the Fourth Quarter down from 5 a year ago. 130 one chief executive officers left their corner offices in january. Challenger gray and christmas reports the eyes ceo turnover month since february of 2010. The house Financial Sector, january ceo departures. That is the latest from the Fox Business Network giving it the power to prosper. Connell breaking news from washington. A senate aide told the Fox Business Network the senate will vote on the bill that was passed on the house to raise the debt ceiling and we expect we to vote on this. The first 145 eastern time to cut off debate requires 60 votes, the second no final passage, require simple majority. 145 on the debt ceiling in the senate. Dagen bitcoin under attack, massive cybercampaign waged against two of the digital currencies, major online exchanges. The tax coming in the form of the distributors denial of Service Attack which the web site with massive amounts of traffic essentially rendering them inoperable. Two exchanges account for 0. 50 of all bitcoin trrding volume and this attack with other technical issues surrounding another exchange have a serious impact on the value of the crypto currency in recent weeks. Connell the topic of security is interesting as well. The House Oversight committee calling for an overhaul of the u. S. Security clearance process comes after the background checks failed to flag aaron alexis, Government Contractor at the navy yard in washington last year but it is not just that. The field investigations granting ed snowden, a convicted felon Bradley Manning access to sensitive intelligence. They leaked that of course. For more on all of this Global Security attorney brian finch joins us out of washington. It is interesting because it is kind of a conversation here especially for us from the point of view of business how far we have to go where you are not slowing down commerce. The right people can get cleared but at this point do we have too many people cleared . Part and parcel that there is overclassification, so many different layers of classification whether it is unclassified but sensitive for classified etc. This is the criticism that has been going on for years that the government takes too much information and classifies it, four people can perform their jobs or inside government or as a contractor to get clearances so you got to start with the fact that theres so much information to do your job that is classified that you need a large pool of people who have clearance out of various to vittles. Connell we are looking at numbers on the screen with topsecret clearances, was just on the screen so we are all numbers often and here is the confidential or secret clearance, the total is 3. 7 million commitment contract so wrong numbers are eyepopping and the lot of people split up who are cleared and the tendency is to say we got to do something about this. Not that many people should have these clearances if you dont know anything about it but a lot of those people need the clearances and if we do more to slow it down, what is the effect of that going to be on boeing or these companies with a lot of employees cleared . I can speak from personal experience. I had to go through a topsecret clearance process several years ago when i was working with the Drug Enforcement administration. It is a lengthy process and you dont wind up seeing much useful at the end of the day but it takes a long time and with respect to the impact on contractors it can be significant because they have to fill out when they still got a proposal and identify people who will be able to do the work and if they cant get the bodies necessary in order to fill a proposal they wont be able to do the work so People Holding these classifications become an increasingly valuable commodity. Connell i you saying theres no way to prevent those lowprofile people, ed snowden that the navy yard shooting, these things that happened where people shouldnt have been cleared and they were, whether it was the shooting, or the leaking of ed snowden, is there no way to prevent that . There should be. Is there something we could do commonsensewise to make it less likely . You got to remember classification is only part of the process. We are talking about protecting data once it is inside the government, making sure it cant be taken out without authorization. Not just access to it but how do you control data when it is at rest or in motion as it is called. These are pieces of the puzzle, just like the only defense against a terrorist bombing airplane is those screeners at the airport. There are many layers to it but to your larger point, we cant let the perfect be the enemy of the good. We have to have a slight clearance process, we have to have one that works to reach in to state and local criminal databases. There were reports about local police not sharing information wendys background checks were being done and wants the clearance is granted is not a fire and forget but there are regular reviews on peoples lifestyle. Severing family problems, other issues, when they were cleared they look ok but later on in life they all of a sudden have something in their life forcing them into distress and maybe cause them to do things that initially wouldnt have liked. Connell good to see you, thank you, brian finish. Dagen the dow off 56 points heading session lows, what happened to that rally . In honor of janet yellen, a senior managing partner at Meridian Equity Partners is that the Stock Exchange . Back on capitol hill in front of the Senate Committee tomorrow. Wont see the same love . Could be the exact opposite if she says something. Dont jump off the bus so quick. A nice runup in the market, healthy for a small pull back we are seeing today. That is how we started off. Economic data we will get a normal calendar, earnings season, everyone waiting to see what the next conversation is going to be like. The next is the question and answer part. More of that tomorrow and like you said the love it wont be there tomorrow. A more direct question, staying away from the pass in the script we heard before but i think the positive take away is we are going to continue to see the same momentum, the same movement we have seen from the government tapering as far as waiting this out as far as waiting for Economic Data to get better, no talk of Interest Rate Movement Just yet. That philosophy trickling over into now and stay the same will help move higher. Dagen good to see you at the Stock Exchange. Connell this valentines day love will be in the air and if you have 500, you have a message to your loved ones, the Car Service Apps is letting users in select cities higher sky writers, these messages have a 12 character limit. You have got to be concise in your wording. The other thing is it has to be approved by and it over rep. Calm down whatever you were thinking. 500 price tag is pretty good in terms of being pretty good at this. This is what this is. Dagen a Great Service except for the surge pricing which is absolutely absurd. Is insane. What is even crazier these pictures we have. Can you check out . We have a picture of a sinkhole, National Corvette museum in bowling green, kentucky, small but eight corvettes early this morning, two of them on loan from general motors. You couldnt even draw a photo that crazy or make it up. Or photoshop it. The Fire Department says the sinkhole is 40 feet across and 30 feet deep. Big sinkholes. That is the kind of thing that makes me really upset. Up next, you know what is uplifting . Our guest coming up, former marine fighting terrorism by fighting poverty. Then we gave each person a ribbon to show how many years that amount might last. I was trying to, like, pull it a little further. [ woman ] got me to 70 years old. Im going have to rethink this thing. Its hard to imagin how much well need for a rerement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. Y fighting terrorism by fighting poverty is the vision and mission of one former marine who served on the frontlines of the war on terror. And povertystricken areas of africa with plans to expand to regions others and least. Connell narrow international, jake is here. And with this company, spent time in the marines and started this company on those companies. A different approach in four areas, agriculture and economic development. A lot of groups do that. He built four for profit business and they help the poor. Connell and you get out of the way. It is locally owned and can be sustainable. Dagen talk about what was the genesis of the idea and once you left the marines you did go to Stanford Business school. To do what you are doing did you need that educational background to put together what seems like a complicated business idea . Special operations marine, and experience in combat, the connection between the desperate situations and the proliferation of terrorism and insurgency. When i got out realized i dont have the background for this. There wasnt a peace corps guy, basically an engineer from the naval academy. I wanted to build a for profit company. Eventually that could end this problem. Take it at a global scale. Connell interesting to me that you talked about an awakening experience. Is it a specific experience or collection of experiences over the years that you got to do something about this . The first marines, one of the leading units in the invasion and came across an iraqi farmer who was trying to escape across our lines with his family when this soldiers came to his door, basically we will feed your kids or starve them in front of you. He refused and was trying to escape across our lines and his family was murdered in front of our eyes. I see a lot in combat. This was a different problem i hadnt seen before. Perhaps we could take on the war on terror a different way by attacking one of the root causes of terrorism. Dagen you are working in kenya. What have you been able to accomplish so far in terms of Business Development and jobs . It is a Pretty Amazing journey. Started with a handful of farmers when i started to move there, we are impacting 30,000 lives in kenya and ethiopia. We started a for profit business with four business lines. We work in a childrens production, exporting to europe, we work in poultry, dairy farming and commodities exchange. Connell what the nea from people . Don dagen i want to hear the lion story . Does it go quickly . We are mapping the area. Local leaders, in the jungle, on the boundary, and you got released till all the sudden. Actually a lion in the area killed cattle and chasing the kids, i dont go to safaris but able to see a lot of these wildlife on the jobs. Connell you need people to raise money for this. Takes an upfront capital donation to get things up and profitable. Connell and the web site. Anyone who can spread the word is very helpful. Dagen thank you so much. Connell we will talk about the weather, the big storm pummeling the south. Latest forecast and debate on major Power Outages from Georgia Power coming up in the next hour of markets now. Dagen three Puerto Ricans banks on review for downgrade. Cheryl and adam talk with moodys Vice President Charlie Gasparino who says now is a great time to invest in that island. 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Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. There is no dow that this is one of mother natures worst kinds of storms that can be inflicted on the south. That is ice. It is our biggest enemy. Cheryl hello, everybody. I am cheryl clouseau here with adam shapiro to take you through the next hour of markets now. More than 100,000 people already without power. We will get the latest Weather Forecast and an update from Georgia Power. Betting big on apple. Karl i god says the stock is at 535. It is undervalued. Did uncle karl tutus mind . Ride the crest to the rescue. Attempting to help men. We will have all of that and more coming up on the next hour of markets now. Hello, adam. There is a market if Ryan Seacrest will get into it. Adam this is what you should be wearing. Top of the hour. Stocks every 15 minutes. Stocks, well, they have seen some pickups. Keeping everything status quo. That is of the environment are in. In the meantime, pulling back just a little bit. We are watching that. The nasdaq squeezing out a light game. The fear index taking a breather. The market has turned in the last few minutes. Now the fix is higher. Adam thank you very much. Cheryl a massive storm is moving to atlanta and much of the east. Maria helena is here in our studio with the latest on the forecast. We have the perfect set up across parts of the southeast. The temperatures are dipping down below 32 degrees. Precipitation comes out. Once it reaches the ground, it freezes. We have freezing rain being reported right now. Accumulations out here are already up to a quarter of an inch of ice and portions of georgia. The storm system is continuing to intensify. It will be tracking northward. Georgia, the carolinas, eventually some snow later today reaches the mid atlantic. A little bit of mixing can occur. You are not talking just snow on thursday, but even subfreezing rain and sleet. It will be very messy out there. As far as Ice Accumulation, possibly up to an inch. That is why it is being called catastrophic. Across the northeast, accumulations very impressive as well. New york city six10 inches of snow. Interior areas, that dark blue shading right there is potentially more than an inch of snow. Back to you cheryl and out of. Cheryl thank you so much. Adam facing only about an inch of ice from this storm. That is enough to knock out power. Brian greene joining us from Georgia Power right now. Tell us exactly what you have on the sidelines. Thank you for having me on. We have been here in our storm center since monday morning. We have been watching the forecast and monitoring the predictions. The storm has definitely caused an impact to our system. We have restored about 47,000 through the duration of the storm. The numbers continue to increase. Adam you have several power restored trucks. I know during hurricanes there is kind of a staging area outside of the zone. Is that the same with this . Yes. We staged crews throughout the state from athens to Metro Atlanta although it over to augusta. We will start to get a good idea of where we will be impacted the most. We will do ploy the cruise to the areas where we have been hit the hardest. Adam to the Major Business centers, do they have any kind of special agreements with your company over electricity usage . I do not know of any special agreements. We look at a system hierarchy. We will go out to those locations where, you know, they present a danger to the public. We will go to those areas first. Then we will look at hospitals, Nursing Homes and so on. Then we will move down to businesses and Community Centers around our local area. We are getting reports that it could potentially be a worse outage for us. We are already at 116 outages in the storm has not happened totally to the east side of the state for us. We could see these numbers increase more than what we have seen in the store that you are referring to. Adam my brother and his family lived in doug ward. Do they still have electricity . Not quite sure. We are out there. We have crews working. Tried to get as many customers on as quickly as we can. Adam we wish you the best as you get ready for this major storm. Thank you. Cheryl down 33 points right now. Time for our fox business. Lets talk about apple. You have been a big bear on this stock. Cara i god joined neil. This is what he had to say. I think apple is one of the cheapest stocks around. Tim cook and i agree on that. It is very undervalued. One of the cheapest stocks around. That is based on historical earnings. Look at who else is playing in this game. Lenovo just bought the old motorola business from google. This is a company that works on ten or 20 margins. It will go down. The custom wellness estimates. Maybe karl icahn is having an of fact. He recognizes that if they cant have the big cash payment, he may win shortterm. Longterm, the company is extremely challenged. Cheryl is there an entry at all . First is great television. I want to bring back up the oneyear chart. Actually, year over year, is stock is up 141 . These have been incredible stocks. They were completely underappreciated. You have seen the re broadcast. What this ccmpany is about is free cash generation. This is a rebroadcast. It is not just the network and it is not cable. There is also a merger and acquisition. It is almost unparalleled in any other industry. They will generate 2. 05 per share. We could see this company easily trading of times. Year to date 26 . Absolutely nothing has transpired. Cheryl cumulus media. Good old radio. Here is the oneyear chart. This stock has actually performed decently over the last year. Another stellar performer last year. Good Old Fashioned radio. At the margin, they will take some share. However, radio offers an incredible value to advertisers. They recognize the cash flows will keep coming up. Cheryl there are george good old media plays. Next youll tell me you like newspapers. I do want to go back to apple for a moment. You look at apple. You compare it to a microsoft. It is a very different story. This is a telecom play. An aggressive rollout. They provide cloud networking. The Management Team is absolutely stellar. Bacon triple cash flow. Cheryl give me another bigname technology. Thank you very much. Appreciate it. Adam, over to you. Adam we will go live to washington, d. C. For more on the vote expected to take place in just about an hour. I will speak with movies senior credit officer. After that, Charlie Gasparino will let us know what he thinks about investing in puerto rico. Cheryl the dow is down by 38 points. I was talking about microsoft. Almost two points of an impact on the dow. What is trailing the dow right now is proctor and gamble. And impact of ten points. Time for stocks now. Lets bring in Nicole Petallides. Nicole a different sort of report did what we heard from expedia. Right now stock is doing great. 9151. Did hit a new high of 91. 79. The revenue from subscription business is up 53 in the latest quarter. Some of the expenses have been on the rise. Profit dropped a little. The analysts seem mixed. Some have been raising their price targets. I did not see a lot of guys on the contrary. The new high for trip advisor and they did beat on the top line. That is a big deal worth noting. Cheryl thank you very much. We will see you at the top of the hour. Adam the senate could vote as early as this afternoon on the clean measure. It still faces opposition from conservatives. Rich sid is live in washington, d. C. They are suspending the debt limit until march 15, 2015. All senators have agreed not to slow down the vote process. As long as supporters have 60 votes. With a storm on its way to a city that is not known to do with Winter Weather that well, they will begin the series in about an hour and a half. Earlier this morning, harry reid even praised house republicans, sort of. The house did the right thing. I believe many of my republic collings would like to be reasonable. Back to you. Cheryl Charles Payne weizen next. Adam downgrades from puerto rico. Welcome back. How is everything . Theres nothing like being your own boss and my customers are reall liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. [ cephones beeping ] [ cellphone rings ] hello . [ ma announcer ] over 12,000 financial advisors. Good, good. Good over 700 billion dollars in assets under care. Let me just put this away. [ male announcer ] how did edward jones get so big . Could you teach kids that trick . [ male announcer ] by not acting that way. Ok, st quarter. [ male announcer ] its how edward jones makes sense of investing. Adam time to make some money with Charles Payne. Will this complication spelled the end of its popularity . Cheryl and not necessarily the end. Coming. The most recent is one of their exchanges. By the way, it stands for magic. Anyway, not the first time this particular exchange has had problems. They started to halt withdrawals. That makes people panic. People actually started to show physical. What happened is you have a lot of these denial services attacks. It does not do anything to change the fundamentals. It does add again to all the different problems we have seen. China has come down pretty hard on it. New york state is doing something this week. One of the more attractive features of the bitcoins thing is the fact that it has, it cannot be regulated in the sense that our currencies are regulated and manipulated. 21 million. You would not get excessive printing of the currency. That is very attractive. It still has a fair amount of people. Cheryl anyone that will get the bitcoins is looking for a gamble. Charles they usually use dollar bills. I would say the transaction thing, right now we are doing 60,000 transactions. One tenth of what mastercard does in a day. I do see a future where they be this a role. For me, what makes me nervous is breaking these complicated algorithms. More bitcoins are released. Only a certain amount will ever be mind. I just do not know. It is scary stuff. Cheryl charles, thank you very much. This valentines day, love will be in the air. If you have 500 to spare, nor message can be in the air, literally. This friday, users in select cities can hire sky writers. They have a 12 character limit and must be approved by ed goober rat. This is just the latest are getting stuck from goober. What would you say in your love letter to your wife . Charles i would say this costing 500 bucks, i hope it is worth it. [laughter] charles you dont want to do the guy on the bike. Not the same thing. Cheryl anyway. Adam i get to follow all of that. Puerto rican the bed. Can i land of enchantment get back on its feet. Should you invest there now . Moodys senior credit officer and then Charlie Gasparino. Major Online Gambling sites under attack. That is coming up in the west coast minute. [ male announcer ] e new new york is open. Open to innovation. Open to ambition. Open to boldids. Thats why n york has a new plan dozens of tax free zones all across the state. Me here, expand here, or start a new business here and pay no taxes for ten years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. They dont know it yet, but theyre gonna fall in ve, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, hap life together where they almost never ght about money. [ dog barks ] because right ter they get married, theyll find some financial folks who will talk to them about preparing early for retirement and be able to focus on other things, like each other, which isnt rocket science. Its just common sense. From td ameritrade. Reform month high, live to the pits of the cme for reaction. Using instagram to find your next travel spot. The ceo is coming up and Ryan Seacrest to the rescue tell fashion challenge men to mashers with ties and pants. That is coming the. Stocks now every 15 minutes. Lets head to the Stock Exchange, Nicole Petallides with stocks on the move. Nicole some welldressed men on wall street, Ryan Seacrests tips, some new highs with nothing, dow components disney, new high again, came out with numbers not long ago, great numbers across the board, lockheed martin, michael course has been grabbing the market share, state luxury retailer. It it a high today and lets look at some movers, with their earnings report, good news their overall, the buyback as well, stock to the downside, amazon doing some hiring and home depot doing some hiring for the spring. Amazon hiring 2500 people. Facebook and twitter two names on the move, twitter doing a revamped to look more like facebook and procter and gamble a little weaker down 2. 2 . Ashley see you in a little bit. Adam the s p and moodys downgrading pr to junk status among economic problems. This is the Common Wealth to hire enough 3. 5 billion debt shell to test interest in its funds. We have senior credit officer and lead analyst emily rains. Thank you for joining us. A lot of attention to this potential 3 . 5 billion offering but we dont have a date yet. Any reason the Puerto Ricans wouldnt commit to that . They have been working with bankers to settle on the structure they want to have, they want to do it and the amount. We will have more information soon. Let me quote from the report on february 7th, you said we do not see evidence of Economic Growth sufficient to reverse the commonwealth negative financial trends. It would seem you have the month negative outlook, they wont be turning around anytime soon. The negative outlook speaks to pressure we see on the ratings. That pressure comes from the economy which has been in recession since 2006 and also comes from the weak liquidity we see at the commonwealth and the constrained Market Access. At puerto rico come to market with this offering prior to the downgrade could it and had it been successful would that have prevented the downgrade . Not a matter of duse issue the bonds or do they not issue the bonds. That is a ratings driver here. It is the quality of the Market Access that is more of the rating factor. We are seeing traditional municipal buyers are not in the market for puerto rico bonds. We are looking more at hedge funds and nontraditional buyers and that is going to cost higher costs when they issue the debt. That is not consistent with an investmentgrade rating. This issue has already been talked about, 50 million increments, most likely hedge funds. Why would that be considered in some cases negative as opposed to momandpop investors buying these bonds . The real issue with this upcoming bond issuance is less who buys it and at what rate and how much but why they needed which is liquidity has been very constrained in the last yearandahalf and this is something they have been planning on doing for several months and have been waiting and delaying this bond issuance because the market has not been very receptive than the pricing has been attractive. Bringing this to market would be positive in that it will give sufficient liquidity to make the payments they need to make including debt service and other payments the next year. That is why everyone is watching, so many deadlines approaching, june 30th the end of the fiscal year. Thank you for joining us. Cheryl lets bring in Charlie Gasparino. Investors are moving away from these investmenns. Not totally right about that. If you look at it, for calling up some trading at depressed prices depending on which the shoe, trading at 0. 60, and a tax based bond is a little higher, 70 on the dollar. If you look at what is going on last month, prices of those bonds of gone up. Let me make this point. What you do have, she is right in this respect. Traditional momandpop muni buyer, the dentist that makes enough money that they attack so much they by munibonds. They may not be the traditional buyer, but you have wall street, distressed debt. Brokers taking the best saying we dont think puerto rico will go bankrupt, we are going to clip this 9 , 5 coupon, 8 yield, cuban, you get paid every day but every quarter, the yield is the overall return. That yield is a huge, it is below 8 . Adam could be as high. All little bit of they are still going to issue it but do they sell it . If they have the money they deal with their liquidity issue at a high cost. They backed off and initially this huge bond deal. Adam early february. No committed date, supposed to be late february. Suppose there are no buyers. Who comes in to do this . Lots of market speculation. I am getting this from a fairly good people that the fed provides the ultimate back upon this thing. Pr is like a state. If california was about to go under and face the liquidity squeeze, there is no doubt in anybodys mind the fed would come in and provide a backstop to the issue. Cheryl puerto rico is a different story. A commonwealth equal to a state. They cant speak their bankruptcy. Adam you saying the fed would buy these bonds . I am telling you people in the marketplace that talking about the fed being the ultimate back a. It is not an irrational thought. I dont think it is illegal. Anything is possible. There is a clause in the Federal Reserve act but the fed actually buying these bonds, i am hearing what you saying. People forget why did the fed and the treasury, mainly the fed take the unusual extraordinary step of bailing out the banks . Adam puerto rico wont tank the economy. They are worrying about the bond market and access listen. I am hoping it is one of thing, who cares . They go under but i am telling you that if they see a general market in implosion, watch the fed coming, this is where the government, the Obama Administration saying no bailout, and i believe we are talking very narrowly, the treasury wont handle the check. I believe that the fed could come in and backstop some of the stuff. Imus in the morning cheryl these banks that are on negative watch, looking at the structure of the banks, they are not coming in, there is a little bit of a liquidity crunch in pr. The fdic their Banking System in puerto rico is going to implode, then you set the groundwork for what happened here on the mainland where the fed, the treasury, the fdic get together and figure out a bailout plan. It is all about the market. I cant tell you. If people in washington decide that pr goes bankrupt. Who cares what happens . The mini market will be fine. It is a one of thing. If they determine that this thing has systemic impact in the municipalbond market that somehow hurts the ability of new york city or anybody else to issue new need that. What the fed come in. Is a possibility. I would bet you. Adam you think they would do it without restructuring . You said there wont be restructuring. Adam i dont know. I can tell you this. The fed will do what it needs to to protect Market Access, that has to do with the restructuring, a lifeline. We have never had a state not really a state. Meredith whitney still conjuring up the notion that california is not going under. That would be catastrophic but this is puerto rico, a big issuer. Charlie gasparino, thank you. Connell oil is trading near a four month high. We are live in the pits of the cme next. Using instagram, the o of jet pack is going to be here. [ park sounds, sound of spray paint ] we asked people a question, how much money do you think youll need when you retire . 500,000. Maybe halfmillion. Say a million dollars. [ dan ] then we gave each person a ribbon to show how ma years that amount might last. I was trying to lik pull it a littlfurther. You know, i was trying to stretch it a little bit more. [ woman ] got me to 70 years old. Im going to have to rethink this ing. [ man ] looked around t everybody else and i was like, are you kidding me . [ dan ] its just human nature to focus on the here and now. So its hard to imagine h much well need for a retirement that could last 30 years or more. So maybe we need to approach things differently, if we want to be ready for a longer retirement. Home depot announcing it will hire 80,000 workers for retailers, at the mass of hiring level, the busiest sales period, home depot employees, 300,000 of them, 2200 sources across north america. 131 chief executive officers left their offices in january. Challenger gray and christmas says that is the highest turnover since february of 2010. Health care and Financial Sector led all industries with 24 ceo departures each. And prius hybrids world wide including 7,000 in north america. The automakers as a Software Glitch could cause vehicles to stall. They were made between march of 2009 and this month. That is the latest from the Fox Business Network giving you the power to prosper. Cheryl if you are looking at places to check out, maybe a dog friendly par, a new apps promising to find those thoughts by scanning instagram photos and some powerful Silicon Valley names behind it. Joining is julien green of jet pack and we talk about the apps buffers to your company, you have 2 million right now, the founder of paypal is with you, jerry yang, the founder of yahoo . Very exciting. Cheryl lets talk about the apps. Lets make some money for our viewers. What does the apps offer in terms of its gains peoples photos. How does it tell me that i am going to love this place based on a picture . We analyze instagram photos and prepare guides for every city in the world and rate venues based upon how many voters have been shared on instagram from them. Cheryl for new york city for instance i know one of the more popular names that has come up is the hard rock cafe. I assume all the tourists that makes up popular destination but i will tell you high would recommend. Locals dont go there as much. We take your photos over time and we have one died which is locals restaurants, local restaurants, tourists dont know about. We can focus on what you are looking for and you can see the photos before you go. Cheryl this is an apps i actually use, one of the most popular design apps out there so you are developing different apps. You also had an ipad apps that didnt do as well. You were trying to do the same thing but based on my friends enjoyed their trip to italy so i decide i want to go but that didnt work out. Explain what you learned from that experience. People love seeing weather friends of been, good recommendation for where they want to go. And fishing in brazil and they never knew and might want to do that. What we learned was people dont just want to know what city they have been to but which exact hotels, which restaurants to go to end using facebook phone no information, we didnt have that data. We decided to use instagram photos which have been publicly shared, not just your friendss photos but everybodys those that have been shared publicly and they have specific recommendations. Cheryl looking at the difference, men with mustache. If i am looking for a restaurant that has that i dont know why i would do that. Your Service Found lots of fashion in the country, turkey, how do you equate for those mismanaged recommendations if you will . We were looking to see if we could see how it still places where and in the u. S. If you see a lot of people with mustachees against the normal rate of mustwearing in the country along with coffee art and bicycles and other things we see, we realized when we use it on countries where there are a lot of mustachees like turkey and iran the hipster level was off the charts and these people, we adjusted how many mustachees are usually in the country and if you look at the list of coffee places it works really well. Cheryl and interesting story. Cant wait for the ipo. We would love to see you go public. The ceo of jet pack, thank you. Adam back to the trading pits of the cme. Supplies are up this past week but crude is in the green. What is going on . China data overnight. It seems chinas demand went up 11. 9 last month. That had a lot of people in a blind spot. Nobody saw that coming. That gave us an early support to the market but if you break down a crude numbers even though we have a big builder overall, in oklahoma we saw a big drop, 2 Million Barrels. In gasoline those supplies actually fell more than expected down 1. 853, 2 Million Barrels. That caught them by surprise. We are on the gas. Cheryl time for west coast minute. Casinos have been hacked and the site the still down. Parent Company Las Vegas confirming attacks but did not confirm or deny customer accounts and personal information were put at risk. Look at shares of this company, the stock is at 78. 41. Alaska state legislature is set to vote on what could be the Worlds Largest energy project. The Alaska Project would cost 45 to 65 billion and allow the export of liquefied natural gas from alaska. Exxon mobile, bp and Conoco Phillips would share the cost with the state. The scheduled c will vote on whether residents can legally own and operate beehives in urban neighborhoods is causing controversy. Supporters say l. A. Has the best climate for bees to forge and thrive but opponents say the threat of african bees or killer bees as they are known make certain beekeeping too dangerous if you are in santa monica next to the beach. That is a west coast minute. Adam from the small screen to your closet Ryan Seacrest getting into the fashion worlds. Just ahead. Cheryl pretty good stuff. As we go to break, we will be right back. [ male announr ] how can power consumption in china, impact wool exports from new zealand, textile poduction in spain, and the use of medical technology in the u. S. . At t. Rowe price, we understand the connections of a complex, global economy. Its just one reason over 75 of our mutual funds beat thei10year lipper avere. T. Rowe price. Inest with confidence. Request a prospectus or summary prospectu with investment informion, risks, fees and expenses to read and considecarefully beforinvesting. Adam American Idol judd, media mogul and designer Ryan Seacrest is getting into the fashion business, jack of all trades launching Ryan Seacrest distinction, a clothing line that uses a color matching system. To help guys match pants, shirts and ties. Theyre teaming up to watch the line, theyre putting it in 800 stores in the fall season. Prices for the items range from 45 to 500. It has been done before. Cheryl he will make a flashy and fancy. Quick programming note, fox business is going to be live in miami for the next two days. Florida led the fight to overturn obamacare. A new plan to get away from the grips of the a c a aca. Governor rick scott will join me. On friday it is the largest boat show in the nation and fox business is going to be there. Millions spent on yachts, powerboats and luxury fishing vessels, hundreds of millions in south floridas economy, the International Boat show all day friday and will be right here. Adam afoot in new york and you will be in sunny florida. Cheryl you will be right behind me. From florida to georgia, there is a state of emergency coming up in the next hour, full coverage of the massive storm pummeling the south with rain, ice and snow. Adam ashley and lori introduce you to the company to invest in first as the tech giant double down on the power of watson. Cheryl mammograms, a lifesaver. Dr. Manny alvarez, we will have more on that, markets now continues. Im sorry, im justeally rectant to try new things. Really . Whats wrong with trying new things . Look mommys new vacuum cat screech you feel that in your muscle i do. Drink water. Its a long story. Well, not having branches lets us give you great rates and service. Id like that. A new way to bank. A better way to save. Ally bank. Your money needs an ally. Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and ive forward with broader possibilities. Cme group how the world advances. See whats new at projectluna. Com theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotn is in order. Good news. I got a new title. And raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Ashley good afternoon, i am ashley webster. Lori i am lori rothman. Stocks taking a breather after an winning streak. Dow doesnt be closed in the best levels we have seen in two weeks. Ashley another winter storm underway. Atlanta hunkering down as georges governor declares a state of emergency. Thousands already without power and this storm is just getting started. A live report from the region and where is headed next. Lori is a given when it comes to Womens Health but do mammograms save lives . One of the largest and most meticulous studies of mammography is adding real doubt now to the value to screening tests for women of any age. Ashley ditching sherlock. What has a new partner and its name, 22 Million Investment in the health apps startup, the first as the tech giant double down on its plans to cognitive computing. We hear from both companies exclusively this hour. It is elementary. First, time for stocks. Lets go to the Stock Exchange. Nicole petallides, markets trading sideways, four days of nice gains. Nicole moving from comedy to computing. The dow is to the downside to the tune of 1 , the nasdaq index in the squeezing out some gains, the nasdaq the best of the bunch of 1 1 4 present antaeus and p 500 virtually flat. For the we call three major averages have up arrows. We had a recent run and the Dow Jones Industrials move above the 16,000 mark. They have pulled back 15,961. And caterpillar and ibm, look at amazon, were watching amazon, and they took it off of the favorites list. Amazon is going to be hiring. Lori after four days of gains, the financial chief market strategist, welcome with more on what is behind the pull back. Stocks are meeting a little resistance. They came to fared too fast. You cant take the gold for stocks down every day. It had a lot to do with janet yellen and the house was able to pass a clean debt ceiling bill and that means the odds increase that the gop could not only hold the house but may be take critical steps needed to take control of the senate. Of legislative friendly environment, something the market would like for business in 2015. That has to do with yesterday. Today not much data and not a lot on the earnings front. A little more quiet. Ashley does that mean the correction is over . Just a brief rally before we move lower again . I think this one is probably over. This is the first market storm of the year, one sweeping through atlanta, number 20 or something. This is the first market storm. We will see four five these years. It is tougher and the next one man come later in the spring or summer months. We have seen an economic soft spot developed around that time of year. 20101112. Get used to this volatility. It is a lot more than the volatility we saw last year. Lori the health of the emerging markets. The weakness in emerging markets might signal an improving Global Economic picture. It is not a sign of the emerging Global Economic weakness. The emergingmarket dependent on the global softness, and depending on the Central Banks pumping money on the world economies. And developed Interest Rates allowing all of the capital to the high emergingmarket companies. The result of that is greater economic strength around the world, in europe or asia and in the u. S. Means Interest Rates are rising, and flowback out of the emerging markets, this adjustment to that new economic environment created growing pains in the emerging markets, it is a sign of Global Economic strength, not weakness so i dont think this is a bear market and that is why i point out this particular market pullback is over. Ashley that is good news. Merit not be some huge bargains yet but what do you like and why . Jeff i think it is business spending oriented sectors that are going to lead the way this year. It is all about the consumer and business spending seems to be making a come back. So many orders surveys but as we got the National Federation of independent Business Survey yesterday some fed regional surveys talk about finally spending on capital and equipment, most of that is 13 years or older. Beginning to invest once again so it is technology industrials, business oriented sector, the second win for the stock market after the powerful consumer run. Lori thank you, sir. Ashley lets look at oil which has been on a tear recently. Tearing earlier gains after the e i a reported higher than expected crude supplies. Fox business contributor phil flynn go to Price Futures Group in the trading pits of the cme but oil still trading at the highest levels in four months. It is a story about demand. We saw strong numbers out of china. Supposedly imported a buuch of oil giving us a boost. What is interesting is the market that seems to be pulling us back down is the market we thought we would be using a lot of. Heating oil. Diesel fuel is lower today and that is coming down because demand numbers we saw in that report were disappointing. Heating oil supplies, part of that report increased so that cost the market by surprise. The good news is remember we were talking about lost oil on the gulf coast. Showed up this week. Imports were up a Million Barrels a day into the united states. A lot of that into the gulf coast so the mystery of that lost oil has been solved. If you look at what is happening on gasoline, the gasoline numbers kind of disappointing. They were expecting the gasoline supplies would be up. They were down 1. 8 Million Barrels, a big surprise, heating oil down the opposite you would think looking at the weather. Ashley oil at 100. Thanks so much. Ashley wanted direct you to dow chemical, which i down today after the Company Rejected dan loebs call for the company to split in two. Dow chemical saying it had already examined that possibility and decided it would not be productive. Dow will instead focus on existing plans that involve spinning off its commodity chemical operations. Ashley concerning news for toyota drivers, recalling one. 9 prius hybrids after it discovered a major Software Glitch setting off a warning light that can cause the car to enter a failsafe mode and suddenly slowed down. Not good. The latest recall involves 1 million cars in japan and 700,000 in the u. S. Made since march of 2009. Lori chalk Child Products maker greco recalling 3. 8 million car seats after discovering faulty buckles that contract a kid in the seat. They voluntarily recalled 11 models from 20092013, refusing to recall car seats despite a government request. No reported injuries is to these faulty buckles. Ashley lets get to this nasty weather. A winter storm blowing through the southeast blanketing the area in snow and freezing rain, leading some roads covered with over an inch of ice. Accumulations of vice on trees and power lines, bringing them down causing massive outages across the state. As you can see on this map of georgia, 114,000 people in the dark there and in total over a quarter of a Million People in the south now without power when they could use it to stay warm. Fox newss jonathan braving the elements in atlanta to bring us the latest. What you see behind me is the downtown connector where interstate 75 and 85 marriage to become of the major north south thoroughfare through the heart of atlanta. As you can imagine on a typical day is busy any time you look at it but right now it looks like a ghost town because most people are heeding the warnings to stay off the roads. This is avoided much of the bottleneck we experience two weeks ago during the last winter storm but georgia governor nathan deal is surging residents not to let their guard down. Even now the real danger is people will look out the window and say it doesnt look bad. Maybe we should get on the roads or go to work or do other things. We shouldnt be deceived by that. This form has come in waves and theres another wave in the process of coming toward us now. That brings concerns about electrical power. 100,000 customers in georgia alone lost electricity. Crews are out in full force and managed to restore electricity to some of those areas where power got knocked out but because the storm is constantly evolve in and moving throughout the southeast end up the eastern seaboard we anticipate other areas will be hard hit and lose power as well so this thing is far from over. Ashley fox newss Jonathan Ceres earning his pay check and then some. Lori carl icahn wants to go down in history books as someone who changed the rules of Corporate Governance and he is not one to back down from the challenge. With company, neil cavuto on top of this. Ashley making twitter easier to use. A major profile redesign that looks a lot like facebook. We will show you. Lori the empire casino mogul and the fifteenth richest man targeted by hacking. [ chilen yelli ] [ telephone rings ] [ shirley ] edwa jones. This is shirley eaking. How may i help you . Oh hey, neill, how areou . How was the tr . [ male announcer ] with nearly 7 million investors. [ shirle] hes right here. Hold on one sec. [ malennouncer ]. Youd expect us to have a highly skilled call center. Kevin, neill holleys on line one. Ok, great. [ male announcer ] and we do. Its how edward jones kes sense of investing. Ashley time to make money with Charles Payne, looking at will refiner, marketing western refining, looking at some texas sized profits. Charles i hope so. Interesting these refiners because the last few years have been choppy but the stock has been coming nice, a beautiful chart and they all peaked seven years ago and part of the problem is the crack spread or the trade, always moving around consequently less, the revenue, the refining market crash, they were down so significantly but offset by their wholesale business and resale business which is not gangbusters but solid and steady and growing incrementally. I like the risk reward they will report later around this month, training at one third so this is more of an evaluation thing. The reason i started talking about the wildness was because in the last three quarters, actually missed the street twice. The street didnt punish them that badly but that is something any investor should consider. I like it shortterm and longterm. Lori what is your number one tip for shopping refiners. The look at capacity of, oil prices . Charles i feel like oil prices will move higher and higher. We pull back and get this thing and soon we will have a nice, Real Recovery around the world and remember what happened last time that happened . The price doesnt bother me. The nuances of it do. Martians quarter to quarter, but capacity for some of these guys with the retail component which states are in. I feel pretty comfortable about their business overall. By getting at this price theres some resistance at 39 and the break out happens at 40 to. This was a 65 stock in july of 2007. Ashley very good, exercise profits, we hope. It lori a nice run of rallied days, lets go to the floor of the Stock Exchange and check in with Nicole Petallides, one of the biggest travel web sites, trip adviser. Nicole a lot of names to watch in the thick of earnings season, trip adviser today, right now 8 so 90. 92 hitting some new highs, a new record high came out with their numbers and beat the street at least on half of its. Earnings came in better than expected, some brokers raising their price target but as they raise their price target they also had some negatives or neutral rating but revenue from prescription business came up 50 , and also on the rise and that at 17 , so big picture of positive earnings for the fifth consecutive quarter. Lori thanks as always. Ashley another secret. Hunting down secret business but twitter is quietly testing a major profile redesigned that looks an awful lot like google and google plus and facebook. The revamp features a greater focus on photos and content cards and moves away from a strictly vertical timeline. Nothing new for twitter to quietly test new features and Design Updates before rolling them out to millions of users. Test cases like this typically go out to was small, random group, shares of twitter down 12 so far this year but moving slightly higher as you can see. One thing people say about witters you got to make it easier to use. They heard it, trying to do something about it. Lori is twitter complicated . Ashley there are people who lori 140 characters. The hash tag, the apps. Ashley some people copy. Lori i think it is information overload. Ashley talking about information overload, when high speed isnt fast enough. Traders are going to neverending ways to trim milliseconds off of buy and sell orders. Laser beam. Lori altogether, laser beams. A shocker, one of the largest and most meticulous studies, Health Screenings and not reduce Breast Cancer deaths. Doctors in the house, dr. Manny alvarez is here. [ laughter ] [ female announcer ] each one of us is our own boss. And no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. What is this place . Where are we . This is where we bring together the Fastest Internet and the best in entertainment. We call it the x1 entertainment operating system. It looks like the future we must have encountered a temporal vortex. Further analytics are necessary. Beam us up. Thats my phone. Hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. Tv and internet together like never before. Lori the debate over the effectiveness of mammogram screenings got more interesting than the new study found getting a mammogram test once a year as recommended may not read this the risk of dying from Breast Cancer after all. What does this mean for the future of milligram testing and what impact will this have on names like general electric, siemens, fuji films . A major role in developing technologies, the imaging machines associated with mammograms. Fox news Health Senior editor dr. Manny alvarez joins us with some answers. Your reaction to the study . You have to respect the data and this is a randomized trial, well conducted with a lot of serious scientists but to me it has no application in 2014. Lori i dont understand. It was conducted in the 1980s and one thing we know for sure is the technology utilize in the 1980s with all due respect to the canadian government was not the same technology we have today. The digitally clement manufactured by some of the company you alluded to are astronomical. Lori like 3d imaging. So there point is all these mammograms and self examinations and the end of the day the mortality is the same. We dont know exactly a lot about the population of the study, genetic risks, family history, we dont have any data but the numbers were very large. Lori is the take away Strong Enough or not from this test to alter the recommendations for how old you should be and how often you should get out mammogram . The authors suggest the federal government, policiesmakers to start making some changes. It is about dollars and cents and all the respect to these colleagues we know that mammography saves lives. If you catch it, and early in the game, we know technology is Getting Better and cheaper so right now i dont think this is going to take anything whatsoever except put some doubts in policymakers where they should be paying for mammography, but at the end of the day mammography is here to stand women listening to this message should continue with their doctors recommendations, get mammograms and because it does save lives. Lori how does this study stack up against research from the American Cancer Society which shows mammograms to reduce the death rate from Breast Cancer by 15 for women in their 40s and 20 for women older than 50. A 29 year study by the swedish, they are good social democrats, in their twentysomething study, 30 reduction in cancer deaths. You have a lot of studies. This all happens to be the most recent one but looking from the point of view that you look at Breast Cancer every day in american hospitals they tell you mammography works, continue to do it but do it in the center of excellence. Things have changed. You dont look in the yellow pages and say mammography center, let me go there, they are registered with different medical societies and medical experts. Only reading mammogram which is also very important so you dont overdiagnosis. Lori good advice. Have a good one. Ashley all right. Thank you. We will find out your tax minute. Doubling down on hacking. The web sites in las vegas have been hacked to. Users receive an error message when they try to visit the site. They have yet to say of Customer Credit card records are being complicated but there are reports that employee information and Social Security numbers, nevada state gaming control board investigating the fbi also aware of the breach. Shares of las vegas up 45 in the last year, also another 4 today. Wave of the future come march, a Company Plans to lack the nasdaq data centers with lasers. Why . Faster communication. Market data and faster trading, lasers will be placed on highrise buildings so computerized trading firms can place their service at the exchanges datacenter is resulting in rapidfire buy and sell orders. Highfrequency trading firms account for about half of u. S. Stock trading today. And french president Francois Hollande is not addictive to social me and when asked about twitter he looks at it, quote, when they show it me or even show it to me. Presumably they is his staff. There is an addictive side to social media. For the record there have been no selfys posted from the white house on his official twitter account. Francois hollande is in Silicon Valley to correct misunderstandings about france and promote its love of innovation and start ups and money might spend in france. The president will attend lunch with executives from google, facebook, twitter and the next. Lori how about this . And case in ice and freezing rain and snow. Dangerous situation in georgia as a powerful storm knocked out power to 100,000 people. Ashley 100 million to burn but where to spend it . Which company ibm seeks to invest in first as a double down on the power of its cognitive computer watson. Dont go away. You make a great. Its en that way sincthe day you met. But your erectile dysfunction it could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. Tell your ctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. Do not take alis if you take nitrates for chest pain, as this may causan unsafe drop in blood pressure. Do not drink alcohol in excess with cialis. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, seek immiate medical hp for an erection lasting more than 4 hours. If you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a 30tablet free trial. [ indistinct shouting ] [ male announcer ] time and sales data. Sptsecond stats. [ indistinct shouting ] its so close to the options floor. [ indistincthouting, bell dinging ]. Youll bust your brain box. All on thinkorsm from td ameritrade. Lori time for a check of the markets as we do every 15 minutes it is socks now. How about we head back to the floor of the new york Stock Exchange and check in with nicole. Were watching action with a win being week. Look at dr. Pepper snapple right now, up 2. 7 , hitting a new high of 51. 03. They came out with their numbers, decline in sales but profit looking good for dr. Pepper. Were also watching deere and vonage, two other names that came out with their quarterly reports. Vonage to the downside and deere, tractors and the like up a quarter of 1 as they came out with their numbers as well. We have been watching key Technical Analysis and of course earnings. Back to you. Lori nicole, thank you. For more earnings news keep it here on fox business. On after the bell liz claman and david asman will have results from cisco and cvs and more. Tune in 4 00 p. M. Eastern. Ashley will be busy show. Weeks after ibm announced it would set aside 100,348 for startups, the watson group is already dishing out the dough. Part of a 22 Million Investment in well talk. A denverbased company is using the funds to develop a watsonpowered health app. All very hightech. Joining us with a fox business exclusive. Steve gold. At watson and Jeff Margolis from welltalk. This is fascinating stuff. Let me begin with steve and, steve, ask you why ibm decide to invest in this particular company . What appealed to you . So i think there was a number of things that were factors. First and foremost is the work that we have been doing health care for the past 2 1 2 years in commercializing the Watson Technology and applying cognitive capabilities across the way medicine is being taught, research, practice and paid. Secondly certainly the management track record at welltalk. Jeff is proven in the industry, has a proven track record and so that was very attractive. I think third is the way in which the use case that they envision for the public and how theyre going to use this technology really aligns to watsons ability to navigate natural language, to take advantage of large amounts of big data, disparate data and most importantly, it leverages watsons ability to learn. Ashley well, jeff, no pressure but ibm is expecting big things from you. So listen, congratulations on getting this investment. What should we do first . Explain what this company does. How does that app work and how is it groundbreaking. Sure. Welltalk is in the business of helping align consumer behaviors and activities with incentives and rewards and the macro issue here is that most of the u. S. Health care systems and frankly the worldwide systems of health care have been about taking care of sick people. Our Health Optimization platform, cafe well, that helps consumers like you, me and everyone of our family and friend work on their own health and be rewarded for doing that. What were doing with ibm, who were extremely excited to partner with, is were talking the power of cognitive computing and we are making it so that as consumers navigate the complexities of health care, that they have a concierge alongside of them where they can ask questions in natural language and where they have the tell against of watson helping them figure out, really, the fundamental questions of how can i be as healthy as i can be and how can i get the most value out of the health care system. Ashley fascinating stuff. Steve, you know, we talked about this before but what other applications do you see this type of cognitive computing really making a difference . Do you have other companies out there that youre interested in investing in. You know, we do see it making a difference. I mean clearly cognitive represents a new era of computing. Building from 100 years ago, tabulation machines to the 50s where we saw programmatic computing take ahold and what wg built on the programmatic era. It opens up a way for organization to engage with their customers, or patients or clients or citizens. We think this is gamechanging, that this is transformational. The way people will be able to experience this is like never before and clearly this spans across industries starting with health care where we think theres a tremendous opportunity for watson to lend itself towards the quality of care that is being delivered and the experience individuals have about managing their own health care. Into the Financial Sector, into retail or telecommunications, or helping solve problems. Helping individual answer questions that they have about products or services. So we think its a Pervasive Technology and we think the opportunities at this point are literally limitless. Ashley should send it to washington to sort out congress. Thats what we should do. Jeff, very quickly, were almost out of time. When would this app be available . What are your plans if whats your timetable . Well, weve already been able to build a prototype with ibm which weve been able to demonstrate at several different venues already. We already have a couple National Level players who are interested in working with us to put the technology in. Well be releasing it no the commercial market in the second half of 2014. Ashley very good. Just around the corner. Best of luck with that. Steve gold, Jeff Margolis, thank you both for joining us. We appreciate night thank you. Thank you. Lori call it the buyer of last resort. Charlie gasparino with exclusive details on the desperate times for puerto rico. Ashley plus the very latest on that storm slamming the south, louisiana to South Carolina getting a blast of ice and snow. Foxs Rick Reichmuth, hes a busy guy. He is tracking the storms path as it closed in on the midatlantic, oh, yes, the northeast. His forecast ahead. Welcome back. How is everything . Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Im jo ling kent with your fox business brief. Owners of threeyearold vehicles are reporting more problems than they did a year ago. J. D. Power and associates dependability survey found average of 133 problems per 100 vehicles. That is up 126 problems from last year. That is the first increase in 11 years. Cadillac, lexus, mercedesbenz had fewest reported problems. Dodge, land rover and mini have the most. Home depot will hire 80,000 workers for the spring sales period. That is the busiest improvement period. The Home Improvement retailer says that matches last years hiring level. Google widened its lead to 79 of the Smartphone Market in 2013 that is up from 69 in 2012. All that according to the International Data corporation. Ios market share slipped to 15. 2 last year, down from 11. 7 in 2012. That is the latest from the Fox Business Network. Lori all right. The financial situation of puerto rico certainly unstable. What is the latest and when will we see the next puerto rican bond offering . Could the fed end up being the buyer of last resort. Charlie gasparino is here. I would say the fed being notion of buyer of last resort is something you hear about a lot of Market Participants talking about. I tweeted it out. There is huge discussion on my twitter page, gasparino. Com. There is huge debate whether they have legal responsibility. John coffey said they probably do. Lori columbia law professor. One of the best. They will do this bond issue. They need the bond issue for liquidity. That means they dont have enough money on hand to pay for essential services. They want to do a huge bond issue. It has been out there 2 1 2, 3 billion. We hear the bond issue is expected sometime in march. That is what muni market sources are telling us. Sometime in march theyre likely to come with this. And here it gets tricky. Will they have enough buyers out there . The buying public is already constrained for these bond since they have all been downgraded right . Theyre downgraded by every ratings agency. Theyre considered junk. Muni funds ashley are out. Theyre out. They have to sell high yield funds. They are looking to sell to distressed investors. It is a distressed credit. Hedge funds and high yield funds. That is what theyre looking. The question is there enough out there of those places out there . That is where the fed comes in. There is a lot of talk about possibly the fed coming in. Now there is a debate ashley they cant go bust, can they . You cant declare bankruptcy. Ashley you cant declare bankruptcy, no. Theyre a u. S. Territory. The Federal Reserve act, fed only buys bonds agencies of the government. Although they did bail out all the banks and buy their garbage. By the way why doesnt a commonwealth, why cant you skirt the rules a little . It is possession of the u. S. You cant sell, consider that agency of u. S. . There are ways, im not a lawyer. Take it from me if you could bail out the entire Financial System and bail out puerto rico you could do that too. That is what is out there. Listen for average person out there im not recommending buying this stuff. I would say this, since december, late december, the prices have been going up, not down. Now they still trade at very depressed levels. The gos at Something Like 65 cents on the dollar. Cofina is tax based bond. That is acronym of one of their agencies. Trading 70 cents. They have been stable and going up in pricee yields going down which means people are buying them. Lori people getting distressed opportunity. Junk is yielding in the singledigit. Ashley where is the way back for puerto rico . That is the it is losing population hand over fist. Lori it has potential in tourism. That is the bear case. Losing population. Raising taxes. Middle class ashley government workers. Clearly fleeing. Too many government workers, impeded by slow growth policies. That is the bear case of the bull case which someone like particular kin at sims would tell you is listen, the government is raising taxes to pay for stuff. Theyre starting to constrain the budget. This government is more engaged than the city council or mayor ashley taxes are beneficial two ways of looking at it. Here is another bull case. A lot of smart money, distressed investors smell yields of like 10 on this deal. Ashley right. Or maybe more. Who knows. Maybe the coupon will be 10. Bond, muni bond pays you a coupon, right . Then there is the yield which is effective Interest Rate which includes the price, how low the price is. If the coupon is at 10, the yield could be as much as 12, that is triple taxfree, 12. Lori bunked dell these with other distressed assets, i dont know if were doing that these days. But manage the risk. Put it across the board. I would say that if youre, if you want to gamble this is a fun gamble. Remember its a gamble. Im not recommending buying this stuff. They will come out with a lot of supply. Here is eerie parallel with puerto rico and the big banks during the financial crisis. During the financial crisis the banks needed to recapitalize, merrill lynch, so they sold a lost stock to recapitalize right because of limited access to markets. All this stuff, puerto rico, not enough money on hand to pay your bills. Merrill, citi, they started issuing, gets loans from Sovereign Wealth Fund and started issuing debt, excuse mes stock, which theoretically diluted existing shareholders prices went up in short term, everybody thought it was a bailout. It was a shortterm fix. That shortterm fix we point out, if looking parallels did not work f youre looking at parallels between shortterm fix of banks in 08 and puerto rico, youre in deep trouble f youre banking on that, that parallel is diss is truss borrowing a federal bailout which always could happen. Lori love the chat. Wish we could go longer. Theyre giving us the hook s that the way you put it . Giving me the hook . God forbid that people wont know that the market is down, right . I mean if that doesnt stop the presses that the market is down. Ashley its down . There it is. There it is. Its down. If you dont show them that every 35 seconds you might never know what might happen. Ashley down 18. Lori cya, fellows. Cya. Ashley thank you. On that note, Charlie Gasparino storms out of the studio. The bulls, theyre also running, running out of steam. The dow cooling off after the strongest fourday winning streak since mid 2012. Were back at the nyse for trader reaction. Lori were glued to the weather map. Live report from fox newss Rick Reichmuth on the massive winter storm. Where it is headed and how it will impact your travel next. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Ashley as we do every 15 minutes lets get back to a check on these markets. Jonathan corpina on the floor of the new york Stock Exchange. Bit of a breather today, jonathan. Is the correction over . That means that there actually was a correction. Im not calling what happened a correction. Ashley okay. That was a slight pause a step back in our market. I think what weve seen is the market has rebounded nicely. Investors are hanging on what miss yellen is saying and more comments coming out tomorrow. If we shorten it up a little bit as we get later on this week well probably see profittaking coming off the table due to the long weekend coming up. Historically we start to see that. A lot of news can come out over the weekend. Overall netnet i think this market will move higher. Ashley thats good. For earnings people say for the most part they have been okay. Quality of earnings comes into question and what is your take . It is also guidance. I think guidance has become much more realistic in the society were in now. The bar was set way too high. I think investors feel confident gets real news and real expectations. Ashley were over the jitters from the beginning of the year, thats for sure. Jonathan corpina. Thanks so much. Thanks, ashley. Lori as we speak the southeast is bombarded with winter storm wreaking havoc and causing 3,000 flights to be canceled as the storm begins to head north. Rick reichmuth from the Fox Weather Center with the latest on the storm and its path. Rick. Lori, the south has so much snow this winter and theyre in the middle of the worst storm yet. Great news in atlanta, they had the storm couple weeks ago and meant everybody is off the roads there. Other places, around the south they have major traffic problems going on. You can see we have winter storm warnings from parts of vermont to areas of mississippi, so a big part of the country. The big problem is where you see the purple. You have ice storm warnings in effect. Well deal with one of the worst ice storms weve seen in decades across parts of the south. Atlanta, 2, you look at radar, it is not white or pink. It is sleet or freezing rain there. Along i 20 towards augusta and columbia, South Carolina, the pink, well talk about major Power Outages and a lot of tree damage. Some areas getting up to an inch of ice accumulating on every surface you see. Every tree, every power line, every bridge, road, car, all of it. You get the idea. That will cause major Power Outages and tree damage going on for probably at least five to six days. This storm eventually turns into a for easter. Well see this really begin to develop and explode across parts of the coast. We watch this pull up towards the northeast. Anytime you have a noreaster, the track of the center of the storm becomes very crucial to where it is rain and where it is snow. At this point it will be so close to the coast, potentially four to 8 00 inches of snow in new york, six to 10 in philly, the line could move more west, more rain into the cities. That is good news to keep the snow levels or tot lori. Lori the south, that is horrifying. Sure is. Lori Rick Reichmuth, many thanks you. Bet. Ashley you dont earn the title activist investor from backing down from fights. Lori which, carl icahn he says is quote, far from over. His exclusive interview with neil cavuto is next. [ female announcer ] who are we . We are thinkers. The job jugglers. The up allnhts. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can s, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. I ke prilosec otc each morni for my frzero heartburn. N. Becat wohoo i ke [ male announcer ]morni for my frzeprilosec otc. N. Becat is the number one doctor recommended frequent heartburn medicine for 8 straight years. One pill each morning. 24 hours. Zero heartburn. Anbe a name and not a number . Tor scotade. Ron im never alone with scottrade. I can always call or stop by my local office. Theyre nearby and ready to help. So when i have questions, i can talk to someone who knows exactly how i trade. Because i dont trade like everybody. I trade like me. Thats why im with scottrade. Announcer ranked highest in Investor Satisfaction with selfdirected services by j. D. Power and associates. Ashley billionaire investor carl icahn tells your Newell Cavuto is is on the warpath with ebay. With more on this Elizabeth Macdonald with emacs bottom line. Liz, does icahn have enough ammo to win this fight . Good question. Good to be with you, ashley and lori. Here is what carl icahn told our very own neil cavuto yesterday on his quote, war with ebay. Take a listen. Who are you setting your sights on now . First of all you know on ebay. You want them to separate paypal, right . Absolutely. They say no. They already said no. Where is the battle going . You tell me. A battle is a battle. Were not afraid to fight a war. That war is not done . That war is just starting. So the question is, it is all about breaking breaking paypal away from ebay. Paypal is growing 20 a year. Any given period it represents about 40 of ebays overall revenues. Anytime that weve seen, put to a shareholder vote the breakup of a company, meaning that shareholders have to vote on breakup of a Company Since 2005, half of those demands dont even make it to a shareholder vote. So carl icahn, really has his work cut out for him if he think that is ebay is going to carve out and separate paypal away from it. Already ebay is saying no to that idea. All right carl icahn had to back down from his demand to get apple to buy more stock. A major proxy group said no to that idea. One analyst said essentially breaking paypal away from ebay, like itunes being split away from apple. Sending it back to you guys. Ashley liz macdonald. Fascinating stuff, thank you. Melissa francis joins us now and she will guide you through the next hour of fox business. Melissa what do you have coming up . Melissa the federal budget comes out at 2 00, were seconds away. The markets are pretty much flat in anticipation in wait and see mode. After four days of gains. Ashley, what do you think about all this . Ashley it is interesting. Off the board a little bit but not a correction according to our analysts. Sounds like a great show, melissa. Take it away. Melissa absolutely. Thank you so much. All right lets go right to peter barnes on the breaking news. Peteer . Hey, melissa, a breakeven month in january for the federal government, about break even. The Treasury Department just report ad small deficit for january of 10 bill dollars. That compares to a small 3 billion surplus last year when higher income and payroll taxes kicked in as you recall but the Bigger Picture is fiscal yeartodate, the first four months started october 1st. The deficit continuing to shrink to 114 billion, compared to 290 billion in the same period a year ago. That is a reduction of more than 100 billion yearoveryear, helped by higher tax revenues from both individuals and