Happy new year. Nicole happy new year. To folks at home kicking it off. Yesterday the first trading day of the year not a great one. Good if you want the markets to go down and give you are a blow yesterday were disappointed when it dropped 147 points the day mixed bag, the dow gaining 122 points of its earlier highs when it was up 70 points, the nasdaq index in the downside and seeing the s p just fractionally lower, not even one point sellers shows the unchanged line. We do a lot of year end stuff and looking at the first trading day of the year but here is a look at the one week chart, the s p and the dow, sundown arrows and the like and the names weighing on the Dow Jones Industrials, verizon, microsoft, cocacola, intel coming under pressure today. Ashley Oil Prices Falling sharply to fresh one month lows below 95 a barrel even as todays weekly inventory report showed crude supplies at the lowest level in three months. Fox business contributor phil flynn of Price Futures Group in the trading pits of the cme and happy friday to you, energy balls cant catch a break. It wasnt about inventory this week. Was really about production. That really blew away everybodys expectations. U. S. Oil production today hit the highest level in over 25 years and traders that follows the market, they know the last inventory report of the year reflects last year, is going to be the last point in inventory for months to come. Theres a lot of drawing down of inventories as you get to the end of the year, producing a lot of oil and not a lot of incentive for these guys to produce oil at the end of the year. That is why traders are going through that. The editing was a big building distilling inventory so products actually rose twice as much down. Good news coming out of europe, in libya supplies are supposed to come back on line. The rebels are going to allow oil fields to start producing again and we also have a pipeline that was down in iraq that went back on line. In the north sea more production coming on line so the brent crude market looks better and in the u. S. We never looked better at this time of year. Ashley gasoline down big today as well. Down another 0. 03. I am getting really excited. We were talking about a new era of lower gasoline prices for a long time. When it seems every time something happens and keep those prices up this is the beginning of a long term, we will see some volatility in the gasoline market but look at the refinery ones producing gasoline like it is going out of style, producing more gasoline, more diesel fuel, exporting more of those products that bodes well for the consumer and people complain about gas prices, it will get better in the new year. Ashley very good. You are excited. We are always excited when you are on with us, phil flynn of Price Futures Group, so much energy. Lori what else excites me . The stock alert, shares spiking on news the Company Acquired cybersecurity rival for 1 billion. The deal will unite the cloud base system, and foreign 6 services. Generous valuation and the Computer Security business, it went public late last year, has achieved a market valuation of 5 billion in. Ashley the Machinists Union which represents 32,000 boeing employees is scheduled to vote for a second time on the contract that would keep the project in Washington State. The union would concede pension and Health Care Benefits in order to secure assembly. Boeing is the biggest private employer in Washington State providing 82,000 jobs. Cheryl 2014 could be a bumpy ride and my next guest says last years gains could be in their Rearview Mirror. Where should you invest . More than 2 billion as chairman and chief Investment Officer always pleased when he has time for us, happy new year to you. A quick look back, closed on 213, why do you see such a monster surge . Was a once off . Happy new year. I should put on a ski jacket because it is below 60 degrees in sarasota, fla. Lori crying you a river but you cant see in sarasota, fla. I will give that to you. 2013 to answer the question, an extraordinary year. They missed it and we are looking at a much more docile year. Everything came together, washington settled down, shut down, the politicians agreed not to kill each other, temporarily. And the rest of the economy starts to pick up, starts to look a little better. Combination of things very nice. You just had a terrific report on the energy sector, production of oil in the u. S. We are compressing oil prices and energy prices, we get through this cold weather bubble in energy and this is bullish, takes price pressure out and one reason we like that so much is we can extend this recovery without inflation and without heavy pressure on the fed so it is a very good story you just reported. Cheryl we appreciate that and so does phil flynn. Tell me in detail why you dont think 2014 will be as robust a year for the stock market as the year that just passed . You cant have 30 years back to back. It doesnt happen. My expectation is some time by the end of the year we have added 100 points to the s p, a couple Percentage Points in dividends, total return out of the stock market of a high singledigit numbers. Call at 6, 7, 8, 9 , Something Like that. That would be a fine year. If i could put that in the bank today i would take it and go on vacation for another year. That is where i think the market is. We dont have another 30 charge. Lori the fed speak today, this one caught my attention from the philly fed, and low inflation environment here. Do you see a deep bond selloff. Interesting question about what to do with blondes. In the treasury market we had a backup in yields, treasurys have been punished. Sheet sector in bonds, our viewers in the taxfree Municipal Bond sector. Here we are with the 30year u. S. Treasury yielding fully taxable and i grade, 30 year muni, high grade, note the troy, no pr bond and is yielding almost 5 so the taxfree sector is still being mauled by investors who are selling newes out of their mutual funds. We like that sector. Lori amazon and facebook, quick to point out the risks with high valuation of those tax darlings. There is a risk sector but there is an edf we have phoned for some time. And it is a wonderful performing edf, you captured the basket. That is our approach to this, it continues to do well. I earn accounts and continue to hold it. Ashley appreciate your timing and insights, great to see you, sir. Ashley down in florida with his jacket off complaining about the temperature in the high 50s. Lori the first major snowstorm, the northeast, 2 feet of snow. Ashley the same frigid temperatures helping drive nfl fans in lawyers. Green bay and indianapolis have sold enough tickets but it is up to cincinnati to avoid an embarrassing tv blackout. Lori still protecting your privacy. The new apps, disposable phone numbers to your normal phone. 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. Lori the Obama Administration announcing plans to strengthen the federal background check system. Rich edson in washington with the latest on this. Rich unable to get a gun control bill through the congress, the administration is doing its regulatory, something that has to go through congress, the Administration Says it will propose a regulation to clarify who is prohibited from possessing a firearm under federal law for reasons related to Mental Health and also the department of health and Human Services through regulation will be issuing a proposed rule to will eliminate certain barriers, privacy barriers by giving limited information to help keep guns out of potentially dangerous hands. This is the administration continuing to Push Congress to do something on background checks and gun control. Congress has not gone there so the administration has done on a number of issues moving to the regulatory field, making regulation changes on its own. Ashley the first winter storm of 2014 is causing a lot of headaches for travelers, 1800 u. S. Flights have been canceled, 1400 flights have been delayed. Commuters across the northeast having difficulty as snow continues to fall in some places and temperatures dive. Janice dean joins us from the weather center. The storm moving on now but bitter the cold wind and temperature is coming in behind it. And kids cant play outside because it is so cold. Where is the fun in that . Lets look at these totals close to two feet in parts of massachusetts, central park, 6 inches, blizzard like conditions on long island and even towards the city and in towards the coastal areas in maine. Here is the storm system. Is fixing the coastline mentioned we left with a bitterly cold temperatures and also blustery winds. Any snow on the ground is going to cause driving conditions on the roadways where you could have white out areas so keep that in mind that this system is gone. Unfortunately we are tracking another system behind it. We will talk about that in the second but wind chills singledigit below zero as we get into overnight into tomorrow temperatures rebound of a little bit. Saturday, sunday as we get into the new work week another batch of even colder air is coming in. Our next system originating from the northern plains, blizzard warnings in effect pushing across the ohio river valley, Tennessee River valley and moving into the east coast. And will mainly be a rain event but the coldest air pouring into the midwest, chicago on monday and tuesday, 10, they could set a record low high in chicago next week. Incredibly cold air moving through. Ashley that is not a high temperature. That is an embarrassment to. That is awful. Rain on top of snow we had and another big freeze. What a mess. Lori water rollercoaster ride. I will be sleeping in my ashley you are doing a wonderful job. Lori weather winter, heated buildings, and fortunate in that respect because we want to bring you uptodate on the latest developments in the wild rescue of passengers aboard the trapped ship in antarctic a. The chinese ship that was originally sent to clear a route for the track russian vessel found itself in the same predicament, stock. The ships helicopter was used to transport the 52 passengers on a russian vessel to an australian icebreaker nearby, may also be trapped in the very same eyes. The australian icebreaker carrying less saved passenger haa been put on standby in case that chinese ship needs assistance. Ashley they could go around and around rescuing each other. Whose idea was it to go on this trip in the first place . They are gathering important data. Ashley they should understand how this works. As we do every 15 minutes check the markets, Nicole Petallides, the wireless battle heating up. Nicole this is something i would rather study instead. Watching at t and t mobile, a Ticker Symbol t m u s, that is down at t building up 1 2 . What is interesting is at t trying to lure those customers and offering them for 50 to switch over from t mobile, we go to the phone upgrade, the other part would credit your account, you could get an additional 200 credit when you transfer your Wireless Service to at t so this is at ts way of coming over to mobile customers. Ashley that is the line of the day. Lori the early test of the unity of the new American Airlines already revealing cracks. Ashley driving going away of the dinosaur . The Auto Industry betting on it. In 20 years it thinks people will forget what it was like to crews behind the wheel. Be right back. [ cellphones beeping ] [ cellphone rings ] hello . [ male announcer ] over 12,000 financial advisors. Good, good. Good over700 billion dollars in assets under care. Let me just puthis 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 mas sense of investing. 22 minutes past the hour your fox news minute. Troops sitting join the sunni tribesmen against cockeye insurgents as a new report shows 8,000 civilians were killed in terrorist attacks in iraq in 2013. That number nearly doubled in recent years of leaving many to fear the terrorist organization is having a resurgence in the country. Secretary of state john kerry in the middle east pushing to get new peace talks started with israel and the palestinians. The top diplomat meeting with israeli Prime MinisterBenjamin Netanyahu before his meeting with Palestinian Leader abbas. They condemned this as demonstrators. And oklahoma defeating the crimson tide. And the first ball game loss since 2008, alabama was heavily favored going into last nights game. Those are your headlines. Ashley thank you very much. Auto sales falling short, chryslers sales jumping 6 month over month since 2007. And in 6 , estimated 1. 5 gain. Is this all just a blip for another was what was a blockbuster 2013 for the industry . That is the question we are wondering. The Detroit Free Press auto critic to enter that question thank you so much. Was a banner year in 2013 but would to these latest Sales Numbers tell you . Mostly that it was cold and miserable in the northeast in december. The consensus seems to be the bad weather kept some people home and that took the steam out of the market but the overall market was the best since 2007 and people see more growth Going Forward. More of a blitz than the beginning of a slide. Ashley people who didnt want to go to the showrooms because the weather was lousy ones we do see temperatures warm up and knows how that will be . Are we expecting to see a surge in sales . That seems to be the expectation. The last two or three years coming out of the recession sales have been rising doubledigit s, the expectation is in wont be that big this year but we are going to go from 15. 6 million sales in 2013 to around 16 million or a little bit above and that is a nice healthy level of growth. That will make Car Companies happy. Ashley chrysler got a 6 gain, nice gain from the new jeep cherokee, particularly popular. What do you think of chrysler for the coming here . Having the jericho available will be a huge help, it has been pour for a few years and the cherokee helped, we expect to introduce a replacement for their 200 midsize sedan as well and if that is as well executed as the cherokee seems to be that should be a good seller. It will make him relevant in a market where they havent had a competitor product so this should be a good year for chrysler. Ashley ford led the way in detroit, do you expect the same this year . Board hasnt challenges. They will replace the f 1, their bestselling vehicle and the bestselling vehicle in the country for 40 years, and replacing it means shutting down a couple factories and taking sales out of the pipeline. Ford is learning they expect growth but not the same level of growth they did this year and expect their profits to be impacted as well. They will be profitable next year but not by as much. Ashley mercedes turned in a banner report. Is that because they were aggressive with their incentives trying to outpace bmw in the u. S. . The sales between bmw and mercedes drive is just about everything those companies are doing at the moment but mercedes has a couple new products that are selling well. There is the small c l a which is a compact car the size of a ford focus. They havent played in that sector, they have extra sales and at the other end of the line and new version of the x class, the biggest mistakes pensive car. Ashley 2013 was the year of the pickup. You mentioned fords fseries doing so well. Will it be the same story in 2014 if so many people bought a pickup in 2015 . Absolutely. There is still pending demand for pick ups because so many businesses postpone purchase decisions during the recession and General Motors has got its new Chevy Silverado available all year, very good trucks, ford will have a new f 150 in the fall in. That will be another kick in the pants for the market. As long as the economy stays good pickup sales going steadily all year. Ashley we appreciate it. Cheryl from the ground to the air taking a look at the Airline Sector delta shares jumping, the s p 500 biggest gainer on this day. The company reporting 10 jump in revenue coming higher than the forecast 7 to 9 . The thanksgiving holiday helped push air travel into december and as a result s p capital iq updated the stock causing it best in class among u. S. Airlines. The newly created American Airlines getting a new look at but it was a close call. More than half of the airline employees participated in a vote between two designs for the tail of the companys geddes. It will keep the design has been using with red, but white and blue striped tail beating the competition by 3,000 votes but it could take years to repaint american aircraft. Ashley the whos who of economists gathering for the Federal Reserve chairmans last major speech. Outlook for this year. Ashley your Facebook Messages might not be so private. The Class Action Lawsuit that claims the social network is spying on users to pinpoint interests for profit. [ale announr ] this is the story of the lile room over the pizza place at 315 cnut street. The modest first floo