I am sure this decision will not haunt you forever. Sttart dagen and connell, it is yours. Dagen what is going on with House Republicans . We are live on capitol hill. Why the gop cannot get it act together. Connell walmart with quite a recruiting all for today. Any returning military veterans who wants a job can have it. Why this is just a great business move how much of the 100 million fortune could he lose. Access to cash may be imperative these days. Connell lets start with nicole petallides. Good morning. Nicole good morning, dagen and connell. The Dow Jones Industrials down right now. The nasdaq and s p also lower. The nasdaq is down about. 5 . We continue to watch apple. That is one of the names that is a laggard. Hewlettpackard, american express, a few of the names coming under the pressure. The debt ceiling remains in focus. It is earning season. Lets take a look at facebook. It is up about three quarters of 1 . It certainly has gained over the last half hour. We are getting closer and closer to the launch time. Come and see what we are building. There is speculation that remains. The anticipation remains. Dagen trying to strategize on how to rein in government spending. Connell rich edson with all the details. Rich a very busy legislative day. They are dealing with this handy appropriation bill. Republicans are discussing a number of different options. There is a major House Republicans of that. Their annual retreat takes place on wednesday. When does this budget balance . Here is when the budget gets to balance if we adhere to these cuts. Rich republicans trying to figure out their opening position on the debt ceiling. Democrats and the white house have already come out with theirs. President obama saying that he is not negotiating it. He says he is willing to talk about deficit reduction, perhaps modest reduction to healthcare spending. As long as it comes with curbing loopholes and tax reductions for wealthier individuals. Congress should just do it. Back to you. Connell lets bring in dylan glenn. Former advisor to george w bush. Rich said that republicans have reasons for not having this meeting today. The president is standing back and think i am not negotiating on this and the republicans are all over the map. I do not think that this is a big deal. I do not see that as a big issue. What is coming out of this weekend retreat is far more important. Connell i would like to be a fly on the wall for that. Also what is important is to remember how we got here. He has run trillion dollar deficits for the past four years of his administration. You have to pass a budget in the United States senate. He will be doing his sort of constitution getting a budget up to the congress. This is a challenge. We have to have a clear look at how we can reduce spending in this country. Connell whenever the limit is actually reached and it is not raised. Then you start to play the political blame game. Pay some bills and not others. Though the republicans risk taking a lot of the blame for this . I think that we all, as americans, should be concerned. There is default on government payments and there is the ball on treasury. Connell who knows how the market reacts. Are the odds higher than they have ever been, do you think . I do not think so. I hope not. The treasury has extraordinary means that they are able to take. Republicans rightly see this as a leverage point. I know that the president of the United States voted six years ago against raising the debt ceiling. Connell are they to gather on it . Speaker boehner, we cut a deal, but he does not have the votes to do it. Are there more together than we think . They tend to bring the caucus around a central focus. Obviously, the debt ceiling is important. You will see some Real Coalition around the boehner real. You know, hopefully that is something that is sealable and relevant to the white house. It used to be payasyougo. Connell times have changed. Dylan glenn, thanks a lot. Dagen is lawmakers screw up or Interest Rates going up . Peter hayes oversees more than 100 billion in assets. Good of you to be here. They mess up on raising the debt ceiling, do you think Interest Rates will shoot up or what can we expect in terms of that market . Expect volatility. The bottom line is you will see volatility. The longer we go and connell talked about some of the issues in washington, how you get there, missing payments and so forth. It will get messy. They seem to react only when their backs are against the wall. The longer they go, the higher probability the u. S. Misses its triple rating. Oddly enough, prices rose and rates fell. That will be the real teaser. Dagen that is the upside down crazy world that we live in. You miss behave and we have longerterm Interest Rates. How long can that continue . Slightly lower, down at 180. People think it will be bad for the economy. Risk assets and things like equities did to get sold. The quality still is the u. S. Treasury, the u. S. Government. Rates fall. That is one side of it. The big question is, where is elsewhere . That will be the big question. I think just a matter of time if we do get to this point, deficits are so large, at some point youll have to pay the price at higher borrowing costs. At some point, that will be the ultimate outcome. Dagen for does that mean . You manage Municipal Bonds if the democrats have their way in raising taxes even more, that is good for muni bonds . The day after the election, we had a tremendous rally. The perception was taxes may go off. We have to deal right new years eve. I talked to more people of the last few days who opened that first paycheck and their reaction was, boy, that tax fight was pretty big. That is the fact in front of us. I think it is likely that president obama will, as he has in the past, copy the value of deductions. I think it will be difficult to ultimately get the tax reform in the u. S. The market is paying attention to that. It does affect the value of bonds. Dagen muni bonds had an incredible run last year. Of almost 12 . How overvalued, though, are these bonds at this point . Are there any areas of that market that looks reasonably priced . Not dangerous. Highyield has certainly had a very good run here with some returns. You have to think about resetting your expectations. Why do you want to invest in muni bonds pressure mark you want to keep more of what you earn. They are limiting the value of deductions. That is another way, that will not impact Municipal Bonds, but it is another positive factor. Forget about those returns we saw the last couple of years. You will not see that unless we get a dramatic fall in rates. It is really about how you maximize your income. You still find some nice income opportunities. Take advantage of the opportunity to invest some of that cash. Dagen good to see you, peter. As always, we covered a lot of ground. Peter hayes. Connell this walmart story we love today. Dagen 100,000 jobs. Connell Elizabeth Macdonald will be coming up. Dagen Lance Armstrong opening up to Oprah Winfrey. We will explain. Take a look at oil. Down, but still very close to 94 a barrel. Im only in my 60s. Ive got a nice long life ahead. Big plans. So when i found out medicare doesnt pay all my medical expenses, i looked at my options. Then i got a Medicare Supplement insurance plan. [ male announcer ] if youre eligible for medicare, you may know it only covers about 80 of your part b medical expenses. The rests up to you. Call now and find out about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement plans, it helps pick up some of what medicare doesnt pay. And could save you thousands in outofpocket costs. To me, relationships matter. 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Call now to request your free decision guide. And learn more about the kinds of plans that will be here for you now and down the road. I have a lifetime of experience. So i know how important that is. Dagen quarter past the hour. If you could only know what we are talking about. Apple is having a better day. Nicole apple treated in the 488 range. It certainly has had that backandforth action. Here it is now, 487. It is dipping to the lows of the day. Anything over 500 is a buying opportunity. Some analysts cutting it. I wanted to take a look here at ling in. 116 again active users. Of 20 in two months. This is according to the latest figures that are available. There is linkedin. A gain of nearly. 5 . This is earning season. We have the Empire Manufacturing number that is not so great. Back to you. Connell time to make some money with Charles Payne. Dell turned into a huge storage yesterday. Dagen shares up again yesterday. Looking to go private. Charles it has been written up that tpg and silverlake may team up. The biggest i think was 2005. I do not think money will be an issue. I think there is a lot of credibility. You know, he is not the kind of guy, he is not a greed driven god. He could have easily pocketed a billion dollars. By the same token, you guys remember when he had that big tax fight with alston because there had never been a house that big in austin. I do not think it was funny. I think michael dell probably wants to find a way to retool this company. Dagen that is the central question. What can you do as a private company as a public company. That would be a typical bill. The thing is, you know, could you afford the bump in the road that comes listen, we have to take a pit stop. We have to pull this bad boy over. When it comes to the stock market, the stock can go down. [talking over each other] charles i am not sure right now. Dagen that is a dog that will not hunt. Charles if you want to play, understand it is mostly a speculation play. Dagen he is my friend. You, not so much. Arkansas, virginia, you know, it is just one big state that the washington, d. C. Walmart employs about 1,000,000. 5 workers in this country. It already employs 100,000 veterans. It is now reaching out to those returning and leaving the military and saying, if you want to work here, we have a job for you. Connell we are also following facebook all day long. Stock up 2 . Mystery announcement from facebook. Something is coming in less than two hours. World currencies on markets now. Lets see how the world is faring against the dollar. [ indistinct shouting ] [ indistinct shouting ] [ male announcer ] time and sales data. Splitsecond stats. [ indistinct shouting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All onhinkorswim from td ameritrade. Connell walmart is putting out a help wanted signs and doing so in a very big way for military veterans. Dagen there is a job for you. Elizabeth macdonald is here with more. The president of walmart William Simon gave a keynote speech at the National Retail federation earlier this morning. He served in the navy. He came out of the navy and now he is putting out help wanted signs in a big way. Hiring over 100,000 military veterans over the next five years. It could be one of the best decisions any of us could ever make. Performance under pressure, quick learners and team players. Here is Michelle Obama on the announcement. Very positively to walmart move. No one thinks they should have to fight for a job once they return home. No guarantees that the that will get a job, but they are saying, hey, we want you military veterans. There is other news as well, 50 billion in u. S. Products is what walmart plans to purchase for its store shelves. Urban legend gets a lot of its products overseas, two thirds of its products come from u. S. Manufacturers. That is said to increase because asia labor costs are going up and shipping costs are going up as well. Dagen walmart has a history of hiring veterans. This is not anything new. It is illustrated in the executive comments. The worlds biggest retailer. The workforce about the size of the u. S. Military. He wants military veterans. This will be a great pr because of the negative reactions and union protests around the country. It is an interesting pr move. He wants them, he thinks they are great workers. Connell today it is all positive. Thank you, liz. Dagen already the largest private employer. Despite being nonunion. Connell Lance Armstrong denied doping allegations for 13 years, but finally told the truth about something. Could he be facing criminal charges for perjury and doping pressure mark. Dagen here are todays winners on the s p 500. Connell Lance Armstrong admits doping in it interview with Oprah Winfrey. How much it could cost them. Cadillac unveils an electric car or is it just a decked out chevy volt . We have jeff flock to talk about that. We have a mystery announcement from facebook. Will it live up to all the hype today. Speculation that the company may be unveiling a Search Engine or a smartphone or something. The stock has been driven higher ahead of it. Dagen it is 31 past the hour. Nicole petallides is that the new york stock exchange. Nicole we want to take a look at a couple of our retailers. Lets start out with the gap. It is up 3. 3 . Numbers rose more than expected in december. Americans hit the stores. Retail Sales Numbers came in at an increase of a half of 1 . A revised 4 from november. Visit the big picture of what we are saying for these retailers. They have had stellar performance over the last 52 weeks. Banana republic is up 72 . Nobody really thought about that. I wanted to take a look at another very popular retailer. Express. Up 21 today for express. One of the reasons is some good guidance. With some good guidance therefore express, that makes that stock soar. A serious retailer on the move. Of almost 20 . Back to you. Dagen thank you. Connell look at General Motors with this new batterypowered cadillac. Jeff flock is that day two of the auto show in detroit with a chevy volt. Jeff there it is. Take a look at it. You may remember the converge. It was the concept car. I have bob ferguson here. The newly minted head. Pretty excited about this one. This is a Pivotal Point for cadillac. This is going to be a big winner for us. We are very excited. Jeff is this bigger than telecom . Cars are more sexy. I enjoy my time in telecom. We make something here and it combines art and technology and engineering. It is a lot of fun. Jeff tell me about this car. It well outsold the nissan. What is your vision with this car . What is the market . How soon will it be at the market . And how much will it cost me . This car will be out in january of next year. This car test really well. In areas where cadillac has baby not been so strong. It tests very well in the coast and the northeast. There is a market for a luxury car. Very comfortable. It also has the added effect of being good for the environment. Jeff this not only has the electric propulsion system, but it has a generator onboard. You get to a certain point, the generator will kick in and recharge the battery. You can go for hundreds of miles. Jeff you see all of these folks interested. The concept is electric cadillac. It is pretty exciting to a lot of people. There is nobody in the luxury space that can do this right now. We will only make so many for so long. It will be on market in january. Jeff nice. Bob ferguson. Spent a lot of time in washington. You did a pretty good job. Everyone seems to be happy. It was tough going for a while, but things are good now. Jeff congratulations on the car. Always good to be excited about a new product. This has gm headed in the right direction. Next our, pw. Dagen youll be at the Detroit Auto Show. Thank you so much. Lance armstrong opening up about doping to oprah. We have reports that the Justice Department is likely to join a whistleblower lawsuit filed by former teammate against armstrong. Then, of course, there is the money headache. Liz will joins us now. Where do you start . It appears as if his attorneys and armstrong are already talking to justice about beginning to pay back the u. S. Postal service. I think this has been at work for a long time. First of all, he could be charged with perjury. What the lawyers did do, i am sure, is take that off the table. If he goes forward and he is willing to talk about other dopers or sponsors, not sponsors, but other people that pushed him. Dagen other people who were involved. Give them up. Dagen a criminal case against him that was dropped earlier this year. Exactly. Until you are acquitted of something, those charges can always be brought. That was the first thing for the lawyers. Why after all of these years, dagen, after denying countless times that he did not dope, that he was no part of this, to go forward . He is a 41yearold man who still wants to have his career. Does not want to be going out in disgrace. Will it work . I think in a moral sense. Good for him. I d