Planned. And from vegas to the Consumer Electronics show in a few moments, but. Dagen you cannot even call it a meltdown. It was like a major brain fort for michael bay, director behind transformers last night. He was helping promote a new curved television set. This is what happened or didnt happen. What i tried to do as a director, the type is all off, sorry, but i will bring this. Tell us about it. We will bring it. I try to take people on an emotional ride. The curve, how do you think it is going to impact how viewers experience your movies . Excuse me, im sorry, im sorry. Okay. Ladies and gentlemen, lets thank michael bay for joining us. Connell they would take what im about to read out of the prompter and see if i could keep doing it. They post taps are excited to talk i skipped over executive vp infoline at the teleprompter got lost at it went up and down, and then i walked off, which we all saw. Well. Dagen that is really bizarre he did that. We have all kind of experience that. It is the brady bunch episode where she goes on the tv show and the red light goes on and she cant speak, that is essentially what happened to him. I dont care the teleprompter goes down, the room could be on fire, liz claman is going to deliver it, coming up later this hour from ces. Anyways, she is coming up later this hour. Connell she did, indeed. Freezing temperatures forcing thousands of Flight Cancellations again today, leaving many people stranded at airports around the country. Dagen adam shapiro, we sent him to deliver the very latest area did adam. If you can believe getting back to normal includes Flight Cancellations, things are getting back to normal, at least at laguardia nationwide. 2100 flights which are cancelled today, that number is growing. Several delays including laguardia. 1400 delays right now, that number is growing. Yesterday 4100 flights cancelled, a thousand 11 delays nationwide, and of course there was the jetblue situation canceling roughly 300 homes and flights to boston. Many flights out of jfk and laguardia, but now as of 10 00 a. M. This morning, jetblue is getting back into the business and they assure their flyers by 3 00 p. M. , 100 of their flights will be back and operational. So the big areas getting hit hardest by the freezing temperatures obviously the midwest, chicago, flights here in the guardia cancelled to milwaukee, minneapolis where temperatures and the windchill are in the minus 20s and detroit being hit. Connell thank you very much. Fun times. Dagen making sure the airplane does not turn into a nice block in the air or on the runway. Nicole petallides following these deicing stocks. Nicole it is all about deicing. Some of the companies that go along with it, dow chemical and dupont. One of the few that has the down arrow today. Dow chemical down fractionally hoas well. One of the largest producers of this for the deicing airplanes and dupont leader in this space. Look at the charts of these two Companies Comparison over 52 weeks. A look over the one year. The big picture as i noted, about 27 names with up arrows and just a few with down arrows including dupont and travelers. Connell everybody seems to be talking about theeweather today, happy birthday to dagen. Youre on tv, look up. The deep freeze gripping the majority of the country today. If you want to look at numbers, take out below in chicago. Negative 60 degrees in chicago. 16. Were joined from State College pennsylvania. Colder than the south pole. Chief meteorologist good there you are. Ive experienced enough to report on the weather from inside as opposed to outside today because it is just that cold. If you want to start it off, tell us why this is happening, this whole polar vortex which of amazing to be talking about. It is amazingly bring up something that has happened so many times before. The deicing company at a worldwide one. He is smiling because the fact we have this cold, winter forecast. The reason is because of what is going on in the pacific initially a very warm patch of water in the Northern Pacific unlike last year with very cold water in the northeast. When that happens you generally get a slow starting winter in the United States because the colder water influences the upper air patterns so you put a trough in th the west and it is warm in the east did this year it was opposite, so we caught that, and the problem you have the rest of the winter is the warm Atlantic Ocean combined with these other factors werelkm believe it or not some of the solar cycles indicates they may have a late winter and spring much like last year. If you remember what happened last year in the middle of january winter turned on a dime in february, march, april, kept going and going, drove the price of natural gas through the roof which it has already gone through relatively speaking this year. So there were factors that were foreseeable, and the way we do that is w to simply look at what happened before and match it up with what is going on now. That is one of the ways to do it. That is why i get a kick out of all of this bid nine, 10 days ago i posted this thing was coming down as plain as the nose on my face. Connell it is always funny interviewing you because we can see you getting visibly angry with all of us oh, boy, it is going to be cold today in winter. Like you said coaches had you you on last week when you couldve told us before the end i try to prepare people for these kind of things. This fast eddie about all this is how people some now are blaming Global Warming for cooling it is like just tell me one thing that could happen that i could say okay, that is not a sign of Global Warming. This is down in the world they live in. Not the world of reality we have to deal with. Connell good to talk to you, sir. We will talk to you again soon. Okay. One of the short bets multi week highs with long positions about 173,000 contracts and growing. There you go. Dagen if you are betting against the bond market or think Interest Rates will go up, you could be in for a rude awakening and big losses. Chris, because the consensus in rates are going to continue longerterm rates, prices will fall, but if the consensus says that, youre probably better off betting against them. Everybody knows the rates are going up, right . What we have noticed, every client from the smallest banks and Credit Unions to the most sophisticated hedge funds are all short. The funds are short against their indices, it is a straight rate that. It paid off in november, paid off in december, they are feeling increasingly confident in that position, but if we get weak data, if we have a surprise going the other way, a short position can get really expensive really fast. I think we could be looking at just a monster Short Covering rally if theres even just a small move in Interest Rates. Connell part of it is like the weather discussion we just had where you know somethings coming but you are not prepared for it. The other side as it could be different, is that what you are predicting, or kind of concerned about . It is very much what we are predicting, bullish on bonds in the first half of the year. One of them is history, when the fed exits from quantitative easing, they have done it twice before, this is the third time. We can see it a mile away. So everyone says the race are going to go up, and they do. But they go in before the end of qe, not the end of qe. Everybody is short, everybody begins to cover. And you get these explosive rallies. After qe1 and qe2, new lows in bond yields after the fed exited. I think you are going to see something similar this time. Dagen do you think the Federal Reserve is going to have a difficult time sticking with this Bond Buying Program . If the economy is weak, they have to keep it in place. Youre going to have people more and more turning their backs on it particularly in washington. Yes, they lost a great deal of political support. If you look at the senate vote yesterday, ben bernanke only got 70 votes in 2010 to be confirmed, the fewest of any fed chairman of to that point it was 56 votes yesterday. Straight party lines, almost vote. And i think it is also evident in the economic community. Theres this debate over this great stagnation in the economy and what to do about it. Larry summers says we need more government spending, low Interest Rates, but there is john taylor saying it is actually all the Government Intervention causing stagnation, it is excessive regulation. To lower Interest Rates, your discouraging activity and the best thing would be for the government to step back. Connell those are widely spread out wings on both sides. Good to see you today. Thank you for coming in. Dagen thank you. Connell biggest pc firm drafted Ashton Kutcher to its cause now they want to dominate the mobile industry. Talk with bigwigs from vegas, ces 2014. Dagen from the desert to the frozen tundra. The rest of the country in such a deep freeze, temperatures compete with us in north america. More on this nasty weather gripping the nation. Connell sec chief at the center of a frontline piece coming up on Insider Trading on whether the rules the government has laid out are enough. We ask Charlie Gasparino coming up for us. Stay here. Connell big gains for two drugmakers this morning. Nicole petallides has those stocks. Nicole two names that may not be familiar to everybody but certainly important treatments for different elements. It has been on the rise, there it is up 78 , that is a huge move. Up over 65 , but when youre looking at this one, this is for a drug about the main goal of producing symptoms in 201 2017 t drug moves forward. Working on a blood cancer drug getting a payment in collaboration of 25 million. Watch these two names. Back to you. Dagen smart phones are going resistant. The new grill a glass csa and fights bacteria. It uses ionic silver which has properties to fight bacteria and can be installed in Electronic Devices like smart phones, computers and other display panels. The glass is still being tested and no release date has yet been set. Jim stein will be joining liz claman from ces tomorrow in our hour. Connell were just getting warmed up in the latest in technology being unveiled in vegas. We will take you to the floor of the Consumer Electronics show coming up next. Dagen and a documentary that includes our own Charlie Gasparino. Charlie is here to debate that coming up in just a few minutes. Take a look at the dollar and how it is holding up against world currencies. [ 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. Move here, expand here, or start a new business here and pay no taxes for ten years. Ere new york. If theres something hat creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. Dagen the Consumer Electronics show kicking off in las vegas. We talked about the meltdown of michael bay at the top of the show walking off the stage during samsons presentation of its curved tv. Liz claman will get samsungs response to that. Connell not good, for us getting on them for that. But taking up much of the city in las vegas, all over the city covering ces today beginning the coverage from the venetian. Liz i want my teleprompter. That is getting so much buzz i fail to see how that is bad for samsung at all. Talking to the ceo of Samsung America coming up in a couple of hours but yes, we are not even at the floor of the Consumer Electronics show yet because it is so huge. We wanted to illustrate every hotel has a place all over the place. Right now were in the venetian. Every aerial has all kinds of displays. Companies are taking over restaurants, just unbelievable how huge this is. On the floor when the doors fly open, you will see 1. 9 million square feet, 3300 exhibitors, 300 more than last year. 20,000 products that will be rolled out over a span of 15 miles of carpeted area, dont even ask how much wifi is flowing through in las vegas right now. Possibly the biggest show in years. Before the doors opened, the storm of trends started to actually bring some clouds together. We want to put up some of the trends we are hearing. We could begin with the connected car, basically companies turning cars into smart phones. We will be speaking with General Motors and audie about that. Unbelievable what your car can now do. The internet of things. Dishwashers and microwaves and anything you have that is hooked up to your smart phone and you can control it. 3d printing, we have a fox business exclusive, a big keynote here. Showing all the things he can make with his printer. He wants them in everybodys house, everybodys classroom and intel unveiled the wearable yesterday. They had a live baby. We will have it all for you. We have the president of intel. None of that stuff works, at least most of it doesnt work unless you have a laptop or a phone, therefore it is perfect for us to be kicking off our first interview with the head of the noble america. Here with the newly crowned number one pc maker in the world. That is amazing considering you bought your pc business of the discarded business from ibm, and you turned it into this. Number one in the world, we did that with innovation. Liz you are unveiling new laptops starting with the word yoga. This is our yoga 13inch product. During the Christmas Season highest selling product from a premium perspective in the United States. A traditional notebook, and a tablet he had or want to watch a video on an airplane, we have scan mode as well. We have four different modes of the product. The other product we the thinkpad product, it is a famous iconic brand. This is a great product. Your function key changes. I have the ability to have explorer, skype, critical functions, pushing keys and eventually this changes. Liz how much is this . Speak around 500. The thinnest, lightest business notebook in the world. It is made out of carbon fiber. The toughest in the world. One i personally use as well. Liz the ceo of th lenovo says s is the computer he uses. It is not a surprise to me you are now number one. That must be killing dell and hewlettpackard. We are very proud of that. We have really focus on growing our business like we will do with smart phones as well. Liz lenovo sold its mobile business in 2008. You then bought it again back when you realized it would be a huge trend, and you turned your smart phone business number two smartphone maker in china in just five years. And number three in the world as well. Liz show us what is so great about these phones. It is one of the thinnest, lightest phones in the world and we have virtually launched this product. We also have our very first lte phone. Five and a half inch screen, thin and light and has the ability from a pricing perspective this will blow away the competition. Liz how much . Announced yet, but it will be a very aggressive price for samsung and apple. Look at the beauty of this screen. A great display. It is important to know 85 of your revenue comes from pc, yet the pc industry is shrinking. How are you going to sort of challenge the headwind . Pc industry is a 200 billion industry. We now it is flat right now, 200 billion is a tremendous amount of capability for earnings and revenue perspective. We will continue to grow the pc, but as you said, we ship as many smartphones as we did pc this last quarter. We will have the same game plan we did to be number one in pc as we did in smart phone. It is about scale, innovation, our own factories, suppliers, we will grow the business by having lowcost competitors offerings across the board. Liz can you beat apple . In the cell phone business . Five years ago nobody thought lenovo could beat anybody from a pc perspective. We are number one now. We can be number one in smart connect devices as well. By our ability to drive scale, we will go up and drive those relationships and the key is we will give them a better price, better features at a better value. Liz are you going to make some sort of acquisition . We will continue to use acquisitions as a key part of our strategy. I cannot comment on specific targets, what we are number one in brazil right now. We are number one in germany. We are number one in japan. If you look at the strategy three times in a row we have gone to market and we are number one in the market and we will do the same thing as we go forward. Liz i love it. As we finish up, look at this. It does not necessarily qualify as a tablet. The phones are getting bigger. Thank you very much. In the next hour, 3d printing. They have the replicator, you guys. They will show was not only the printer, but what can be made on it. Home manufacturing, one of the very much talked about trends here at ces. We are going to break down and rush over to the floor of the Consumer Electronics show. That is how we roll at fox business. We will see you in just an hour. Back to you guys. Dagen thank you for that. Connell pbs keeping an inside look at steve cohen, the documentary will air tonight. A former attorney coming on. And Charlie Gasparino wrote the book on the whole thing so they will hash out the details for us, should be interesting. Coming up. Dagen president obama and congress are back in town with plenty to do in the new year. I look at the top five things for d. C. For 2014. [ male announcer ] this is the story of the little room over the pizza place on Chestnut Street the modest first floor bedroom in tallinn, estonia and the southbound bus barreli down i95. This magic moment it is the story of where every great idea begins. And of those who believed they had thpower to do more. Dell is honored to be part of some of the worlds great stories. That began much the same way ours did