will keep short-term rate, the fed fund rate, low, well past the point, the unemployment rate hits 6.5% but quote, participants agreed that with the unemployment rate approaching 6.5%, it would soon be appropriate for the committee to change its forward guidance. the unemployment rate fell to 6.6% in january as you recall. the minutes say, also, quote, a few participants raised the possibility that it might be appropriate to increase the federal fund rate relatively soon. sounds like the hawks at work there. the minutes show fed members watching the weather, emerging markets, and the debt problems in puerto rico but not overly worried about them at the end of january. ad cam, back to you. adam: peter, you bring up puerto rico. we'll get the bond offering from them in march. go back to the federal fund rate. usual suspects look at we may start raising that and is this something we should pay attention to, because just a couple weeks ago we had them saying no, we are not talking about interest rate increases? >> the forecasting tool, the blue dots chart, and if you look at the blue dots chart of the likely path of short-term interest rates, the fed fund rate, you see, three or four or so blue dots a little bit sooner for 2014. but the majority of those blue dots representing the thoughts of the fomc members are in 2015. adam: peter barnes, thank you very much. let's go to the floor of the new york stock exchange. i promised you this would have impact on your investments. nicole petallides, how are investors reacting to this? >> what is interesting we crossed over the unchanged line several times in the past few minutes, right? there was a lot of anticipation waiting for fed minutes. we now received the fed minutes. seems that obviously they are going to continue with cutting back on the purchases of bond, right? so tapering as we say, tapering from 85 billion down to 75 billion and 65 billion. they will continue on that path watching the fed fund rate, so they may change language going forward. what are we seeing in the markets? the dow is down about six points at the moment. right before we heard from peter, it was down about seven points, it moved into the green, back in the red. the vix is obviously cooperating. it is to the upside. there is volatility. 10-year bond is at 2.73%. it really didn't move much. taking this in stride. it is kind of thing that could be a market moving event. meantime you know the economic picture here is obviously allowing the fed to continue with the plan they have been on. back to you. adam: nicole petallides, we'll check back in with you in a few minutes. right now mark elson, former federal reserve governor who joins news a fox business exclusive. were you surprised about that line, possibly accelerating increase in the federal fund rate? or is that really not much to be concerned about? >> i don't think that is much to be concerned about. i think that, that the metric that they're looking at very careful is employment. and unemployment, has been weak in the last, certainly the last two months. we have bits of information from these minutes to help explain whether or not the fact that we had the first unanimous vote in a long time was as a result of a new consensus or if it just reflected the four of the members were new and the two most recent dissenters had left. and i think it is the former. i think it is the fact that we have new voters on. adam: seems if markets are trying to digest what this fed, you know the minutes from the latest fed meeting truly mean. when do you think investors are going to have enough of what because we keep being told interest rates will remain low but the taper will continue? >> those are two, i think, in the fed's mind those are two separate things. i think the tapering is slowly cutting back on stimulus. the fact is, that inflation is so muted, in fact to the point that they repeat ited again maybe dangerously so. you will see rates stay down at exceptional level for some period of time. adam: i want to talk to you about inflation. little changed from the projection prepared for the we know europe is flirting, i will use the word flirt with deflation. japan gone through its bought of decades-long deflation? are we flirting with that? is the fed concerned about that? >> yes the fed is very concerned about that. in part because it is very difficult, we have so little experience dealing with deflation. there are only two experiences in u.s. history. adam: right. >> one in japan, exactly. then a recent one about 15 years ago where the two chances we have had a chance to look at it. so there has been very little opportunity for us to deal in that world and so that's always a concern. adam: if they are concerned about deflation would not the correct action be to slow down the taper and perhaps increase the bond purchases? >> if it reached that point. but i think both statementss recently said the risks are balanced right now but they're focused on the inflation number. adam: mark, we appreciate you joining us to discuss this because this is a big day and it does affect some people's invests. thank you very much the fed just one piece of the market puzzle today. jo ling kent has a look at late moving stocks. what are you watching? >> i'm watching tesla and linkedin. linkedin is up about 2 1/2%, 2.6%. they ruled out a new option for people to share more. basically the story, adam, they need to increase traffic. they need a decline -- had a decline in users. you can share contacts if it is popular enough and switch it over to make it more public to a broader audience of the interesting stuff on linkedin, adam. adam: is linkedin going through what we saw with twitter which we saw a slowdown in the sign-up of new users? linkedin is established. they have something that people understand with resume' delivery and this new option to essentially share your insights. so is linkedin in perhaps poised to pick up where twitter may fail? >> it is possible. as you said, linkedin has a product a lot of people find value. 277 million users right now, the stock is down off its highs from back in the palace year. but what is interesting here, i think that they may feel their own market saturation. they have done a very decent job fulfilling what they said they would do and now they're looking for something else. adam: very quickly, jo, tesla shares are down 4%. we're just getting ready for the the earnings report, right? >> they did all right with the apple news but they're down again. wondering what happens with the model x, suv will elon hit the 25% gross margins he was confident b maybe we'll get news on volume cars, something closer to selling to 30 to $40,000. we'll watch that after the bell, adam. adam: thanks very much. coming up six flags reporting yet another year of record financial performance. that is four in a row. we've got the exclusive interview with the chief executive to see what they're doing right and how you can invest in them. also, kiev, still in flames. shocking images from ongoing unrest in ukraine. there also is unrest in thailand, venezuela. they're feeling the heat. mr. gloom, boom and doom, mark farber is live from thailand with us on why you should be worried. more "money" coming up. ♪ [ male announcer ] this m has an accomplished research and analytical group at his disposal. ♪ but even more pressive is how he puts it to work for his clients. ♪ mornin morning. thanks for meeting so early. oh, it's not a big deal at all. come on in. [ male annouer it's how edward jones makes sense of investing. ♪ adam: six flags on a wild ride. the company crushed earnings expectation and the stock is soaring to new heights. six flags chairman and ceo jim reed anderson joins us for this fox business exclusive. first and foremost, congratulations. a lot of us enjoy going to a six flags park. i was thinking of sandusky not too long ago but this earnings report, setting a new 52-week high on your stock. it seems investors are pleased. >> adam, they are. we had a record year, fourth in a row and 15 record quarters in a row. so i think our investors are pleased and we believe there is more to come. adam: talk about this. park admission revenue was up roughly 8%. revenue from food and merchandising was up. was it up enough for the wall street analysts? >> oh, i think, i think pretty much every analyst was pleasantly surprised by how strong our performance was, our, as you said our ticket revenue is up very nicely and our in-park spending was up. literally every possible data point showed very nice increases and pretty much all of them were ahead of analyst expectations. adam: you know six flags offers an experience ffr a family on a budget whereas some other theme parks you literally have to go through a credit check to buy the passport. i wanted to ask you, we've seen wages essentially stagnate for so many people. i would imagine are six flags customers going forward, is this going to be a problem to continue to grow the revenue picture? >> i think that we have an outlook that is very positive. obviously it is a tough economy and people are careful how they spend their money. six flags as you think about it as you point out is value offering.3 for a relatively modest investment, either in day ticket or better in a season pass, you can come all year and bring your family with you. that is what makes us so special, the fact that people can do that. that is why they're coming back to us in even greater numbers. adam: kids get excited but i think investors might be pleased your fourth quarter ebitda was up 19%. you said you were on target or you were quoted as i saying or the literature was quoted as saying ebitda target of 500 million, modified ebitda. are you still going to hit that? >> we are on target to hit that goal. i should say we in last 3 1/2 years more than doubled our ebitda. we have taken margins up from 24% to 40% which is industry-leading. we're generating a lot of cash now. we generated $2.45 cash eps last year, adam and we pay out a dividend of 47 cents every single quarter, close to 5%. it is a great investment putting your money into six flags. adam: this is a company emerging from bankruptcy what was it in 2010, so many people love theme parks but you brought up the dividend yield. investors at least, conservative investors love that. it is over 4% and would seem to me the stock is attractive stock except the pe is around 17. are you getting pricey for the average investor? >> that is very important. you point out the bankruptcy a few years back. i think when you look at a company that comes out of bankruptcy there is something called fresh start accounting which makes normal earnings per share assessments very difficult to look at. so what you should look at is our cash eps and i think that is very, very strong. as i said, we're generating $2.45 a share, cash. we pay out that dividend. i think we're very stable dividend and looking to grow that over a period of time. adam, you couple that with the innovation we've got coming with some of our new rides. with some of our past season pass and membership offerings i think yyu will see very strong growth pour us in the long term. adam: jim anderson, we're wishing you the best and congratulations to all of you at six flags on the earnings report. take care, sir. >> thank you very much. adam: we'll take you live across the ocean to check out kiev, ukraine, the capitol. the maimings again for a lot of people outright frightening. violence continues, clashes between protesters and the government, the white house, issuing this press release calling it inappropriate reaction to what is going on in ukraine. we'll discuss this and other events that potentially could become black swan events with mark farber later on this program. right now in addition to what you're seeing in kiev, a doctor dramatic drop in housing starts in january. how did cold winter weather affect data? ceos of fat burger and white castle are on on side of the issue and it is burger battle royale. all stations come over to mission a foa final go. this is for real this ti. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captur. is connecting today'leading companies to places beyond it. siemens. answers. iwe don't bacdown, wenly know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york ste. move here. expand here. or sta a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify start-upny.com [ laughter ] ♪ [ female anuncer ] 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. ♪ on buying a car for... charge of your future. when i was introduced to truecar,cess. i didn't have to second guess melf. i felt more confident... in what i was doing. truecar made it very easy for me... to negte what i wanted, because i didn't really need to do any negotiating at all. i just knew from the get-go that i was... flat out getting a good deal. when you're ready to buy a car, save time, save money, and never overpay. visit truecar.com adam: your money is on the move. shares of oil field services company nabors industries touching a new high today after reporting strong fourth quarter earnings marched by strong revenue growth. new highs, rite aid, caterpillar, consol energy and lockheed martin. u.s. housing starts plummeted in january, the biggest drop in almost three years but some say that may not be an accurate snapshot of the economy as cold snowy weather actually skewed the data? joining us the chairman of dduglas development jeff levine and fox news's cheryl casone. jeff, let me start with you, is this anomaly because of bad winter weather? >> no question if you lived one east coast the past four months the weather is a factor. people have been homebound, cabin fever and difficult to get out to look for a new home. i think that is masking the general problem, the general problem being we experienced huge increase in housing prices since the recovery began approximately two years ago. for five years we built no housing. all of sudden we're betting back into the market. i believe to some degree we're starting to meet demand with the supply so we're starting to see a balance struck again. not at the two million new housing starts a year we experienced prior to the great recession but at a new level of approximately a million homes a year. adam: cheryl, you're on the front line of this. should we be you're a person considering constructing a new home? have the prices gotten too high? should you wait? >> there is question whether those prices are a little bit inflated right now. if you look at the second half of 2013 you had interest rates actually higher at that moment than they are now but the demand isn't there. the weather is being blamed bit commerce department, the builder, the horrible survey we got yesterday, they're saying it is bad weather but really if somebody is ready to make a home purchase, that is major piece of your life. why would you be deterred by a snowstorm or two? the builders in that survey did not communicate that effectively enough and building stocks took a major hit yesterday. adam: jeff is now the time to consider this, given the fact we need household creation to go forward? we've been constrained with household creation because of economy. is that boeing to change? >> what we see at the moment, new york city in particular there is great demand because we haven't created supply. as supply and land prices if you're not aware both in new york and across the country are moving up precipitously. the higher land prices and coupled with high demand you have to recognize the housing industry is cyclical industry. when they want houses built, people go to work and build houses. when people are not buying houses due to lack of financing, high interest rates, no jobs, people leave industry. we had to rebuild a industry went from two million homes a year down to 500,000. now we're up to a million roughly speaking we're taxing capabilities of supply and labor change. >> what do you make, you talk about the land issue. pulte is spending $2 billion this year, a lot more capital this year than last year on land acquisitions. that is front lay they have to put out on the hope that by 2015 the buyers will be there and economy will be restructured enough to lend themselves to those purchases. does that actually happen do you think? is pulte making the right move? >> i hope for their sake they are. i know from my perspective we always say in the development and building businesses are investment bankers whose day job it is to build housing. we're making bets on a future of the economy, interest rates, job market, all by building a product. if you're right you can be very right. if you're wrong you could be very wrong. adam: i will give cheryl the last word on this, what should we be watching? because this seeps to be a little bit of an inaccurate report we got today? >> certainly there will be revisions but i think for me i think building permits will be the key number to watch. a permit can be done electronically. a permit doesn't have to be done in person. you can't blame building permits are down 5% month to month and 1% year-over-year. so i think the permits are a big thing. that will show if there is true commitment from buyers to put down money on a home. new home sales is 15, maybe 20% of the overall housing market. we also need to address the existing home picture. that is little shaky with all the foreclosures. adam: all the best to you. coming up it is a burger battle for the ages. fat burger's chief executive going head-to-head with white castle over the minimum wage debate. their businesses are at stake and the price of your late night food run. 20 somethings, listen up, it will hit you in the wallet. my dad has a afib.fibrillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. t it looks like maybe we should ask your doctor about pradaxa. in a clinical trl, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin prat reducing theran eterisk of strokee)... and unlike warfarin, with no regular blood tests or dietary rtrictions. hey thanks for calling my doctor. sure. pradaxa is not for people wi artificial het valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stopradaxa before surgery or a medical or dental procedure. praxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve placed. seek immediate medical care for unexpected s signs of bleedi, like unusual bruising. pradaxa may increase your bleeding risk ifou're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors out all medicines you take. pradaxa side effects include indistio stomacpain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask youdoctor about recing the risk of stroke with pradaxa. >> back to the stock exchange to see what is happening with your investments. an hour-and-a-half left in the trading day. nicole: we have a down market. the dow is down 15 points the we got to take a look at steel stocks. look at names such as u.s. steel, and u.s. steel for example has had the biggest drop today the we have seen in 17 months. why is it happening with the steel stocks? there was a claim by u.s. steel that south korea was selling gear in the u.s. for below cost. the u.s. commerce department says no, so putting on the other countries but not south korea. that is direct competition to our steelmakers that home and why you are seeing the selling off. we keep a keen eye on alcoa, the aluminummaker. interesting news for aluminummaker alcoa. see gm is up 1/3 of 1%, alcoa is up 4% on news general motors will be working on an aluminum body pickup truck due out in the year 2018. alcoa already supplying ford for its's 150 pickup truck of aluminum. aluminum body. that is in the news for aluminummaker out, and that is why you're seeing the up arrows. alcoa, the aluminummaker getting a pop. >> i love the smell of money weather in the morning or the afternoon. you have on the floor of the stock exchange. it smells better in the studio. let's talk about minimum-wage. the minimum wage war and reaching the fever pitch after the cbo finding that the increase back by president obama could take 500,000 people out of the work force. maybe even 1 million. rich edson at the white house with the latest on that. >> some remarks from the president on a separate issue about what is going on in the ukraine, the president saying in mexico he holds the ukrainian government primarily responsible for insuring their handling the protesters peacefully and there will be consequences if people step over the line. those coming and a summit the president is attending in mexico. back here at the white house in washington where this debate over the president's minimum-wage to raise to $10.10 an hour the white house touting pieces of the congressional budget office report saying people will be lifted out of poverty and millions would get a raise that they are contradicting the part of the congressional budget office report saying half a million people would lose their jobs because of an increase in the minimum wage. the president, white house have embraced the congressional budget office has analysis in the past and the official basically are disagreeing with that one part of the assessment though does contradict what the president has been saying. >> we all know the arguments used against the higher minimum wagg. some say it hurts low-wage workers. business will be less likely to hire them. there is no solid evidence that a higher minimum wage costs jobs and research shows it raises incomes for low-wage workers and boost short-term economic growth. >> yesterday's the cbo addressed that and offers evidence that people would lose their jobs and the congressional budget office has been defending its record saying that because you ask businesses to pay some people more some will lose their jobs. >> as you move from zero to $9 or beyond, you are likely to find progressively larger numbers of people who benefit from raising wages and reductions in employment. >> other economists say raising the minimum wage won't cost people their jobs but did rational budget office saying the white house is nly picking the analysis economists who agree with him essentially and for getting all those who don't. adam: i was telling nicole petallides about the aroma in the studio. let me give you a sense what we are doing, let me move my slightly overweight body to something that would be pleasing, shock waves from the cbo report resonating in the business community as we have two tie-ins from the hamburger industry on opposite sides of the minimum-wage debatt. we want to fire up the grills and get into it. in this corner with 400 storefronts, thousand employees and $620 million in revenue, white castle vice president cheney richardson is against raising the minimum wage. in the other corner with 150 employees and revenue of $100 million this fat burger ceo andy weinerhorn who supports the minimum wage increase. all of us have a stake whether we earn minimum wage or not. the president said there would be no negative impact from raising the minimum wage but you disagree. >> raising the minimum wage 40% is the wrong thing to do for american workers. 100 years of studies on the minimum wage, the first in oregon in 1913, the result shows it costs jobs, raise income for a few but heard the many and we know in our neighborhoods since 1920s and 30s teen unemployment is at record levels already come in detroit where we at restaurants in 1928 unemployment rates at 30%. let's not have a lost generation of american kids who never get a first chance of the first job and the opportunities it brings. adam: your company doesn't pay minimum wage, you pay higher than the minimum wage. >> this gets to the point of raising the minimum wage is about raising wages for roughly 16.5 million people who are above the minimum wage. isn't there some relevance to the fact that it costs businesses more to do that? >> absolutely. who doesn't want their workers to make more money? everyone wants their workers to make more and have a stable work force, not having so much transition and retraining but raising the 40% is not the right answer reader. more import we there's a cost to this and someone has to pay for the cost. i am fine with it but people need to understand in the restaurant industry there isn't a margin to absorb that kind of increase in the minimum wage. there will be a price increase on the top of your average check. it will go up. that is what everybody wants, why not? adam: looking-fat burger, a lot of us would be willing to pay a little bit more. do you think your consumers would agree? would they be willing to pay more? >> it is fine. we are talking about a 10% increase in price or something as a reflection of that. if that is what the population wants, everyone wants workers to make more, people want young workers to make more, it is not my concern. there's a cost. we have to recognize there's a cost. adam: the cost of white castle would be the need to sell 317 million burgers to covered the increase and when i lived in indianapolis my buddies and i ordered that on a couple nights after a night out. that is a hefty bill. it >> it is a big bill. it would increase our labor costs $63 million and what is happening right now is we are under attack in a lot of ways. ethanol policy means we have the highest beef prices we ever had. in 10 months the affordable care act becomes law and that will increase health-care by 35% of nothing changes. not be facing the prospect of a 40% increase in the minimum-wage absolutely the wrong time to do it. doesn't help our team members or our neighborhood. adam: let me ask for a final statement on this. we all agree wages need to go about how do you do that if not by raising the minimum wage? >> give people opportunity. top 500 people working in our restaurants started behind tter. they earned 35% above the minimum wage on average. that is an hourly employee. we know there is opportunity and great prospect in the restaurant business. adam: how would you do it? >> we raise minimum wage also. it is not a concern. raising the for for everyone to benefit from the there's a cost would so we have to be prepared. adam: we thank you for joining us and again congratulations on delivering what is a beautiful array of food. a lot of other people will be enjoying it. from kiev to caracas to bangkok, unrest spreading across the world and investors are getting jittery. demand gloom author marc faber is joining us from bangkok on what this means for our money. that's right, no hidd fees. it's just that i'm worried about, you kw, that's "hidden things."ees. ok, why's that? well uh... surprise!!! um... well, it's true. at ally there are noidden fees not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. iwe don't back down. we only know one direction: up so we're up eay. upate. thinking up game-changing ideas, dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no tes for 10 years. with new jobs, new opportunities and a new tatax free plan. there's only one way for your business to go. . find out if your business can qualify at srt-upny.com like carpools... polly wants know if we can pick her up. yeah, we can make room. yeah. 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[ male announcer ] the best thing to share? a data plan. ♪ new at&t mobile share value plans for business. our best value plans ever. foexample, you can get 10 gigs of data to share. and 5 lines would be $175 a month. plus you can add a line anytime for $15 a month. sharing's never been better for business. ♪ ashley: ashley webster with your fox business brief. sedna jeweler's unveiling they'll for $6 million or $21 a share in cash. cygnet is the parent company of k jewelers, the gallery of jewelry, new debate company says the deal will help expand in north america, as they operate 1600 stores. the cost of producing goods and services in the u.s. increasing slightly last month. the january producer price index, which attacks prices will for the reach consumers rose 0.2% with the highest food prices partly offset by cheaper gas. accusing qualcomm of overcharging and abusing its market position, the allegations made by the country's anti monopoly regulator could lead to record fines against the u.s. chipmaker of more than $1 billion. that is the latest from the fox business network giving you the power to prosper. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of aleast 50 billion... are up on the day. 12 w-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ me announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. adam: the crisis in ukraine turning deadlier by the minute. thailand and venezuela brought to the brink by major demonstrations and protests. it is all making a lot of investors nervous. marc faber is editor of the gloom and doom and boom report, he is on the phone from bangkok and is this kind of event that could lead to something far worse? >> yes. i think what it boils down to is you have a very large populations that haven't participated in economic recovery, and then you have limited number of families and well-to-do people that are doing well economically largely because asset prices have gone up substantially and also because of corruption in some countries so you have rising wealth income inequality that leads to social tension. adam: we are seeing that in thailand. some protests over rice and a program to distribute rice to the needy, why this has an implication for equity investments, stock markets in the united states because you said you expect a correction of 20% to 30%. are these events that could trigger that? >> there are two schools of thought. one says the emerging markets are doing badly so we have to invest in the u.s. market because that is the only game in town and apply a different view, if the emerging world, given the fact that roughly 40% of global imports into the emerging world, the emerging world does badly it would have a very negative impact on multinationals, and companies of major exports. and developing country. and earnings will suffer and negative earnings in the house. the u.s. which is remarkable, and huge out performance plans in the making -- emerging market in the next 12 to 18 months but also the fact that many stocks are down, 10% or 15%, ge, general motors, u.s. steel and the market is practically at an all-time high. adam: doesn't make sense. >> shows it is narrowing, fewer indices', because of money printing and interest rates, a pack of capital spending but corporation's cash rates, earnings are up. so they go and buy other companies. a lot of takeover, mergers and acquisitions. adam: marc faber, we appreciate you joining us. all the best to you. we are just a bit more than an hour from the closing bell. liz claman has a look on what is ahead on "countdown to the closing bell". liz: house of cards thank you adam: i haven't activated netflix yet. liz: if you notice when you tried to download season 2 there is a plumbing problem. it is in the focus of a feud between netflix which wants you to have these shows and verizon and let me tell you, all of the big providers are the ones that own the broadband pikes and suddenly the traffic has been slowed down and there's a real problem but thanks to one company out there that is an internet service protocol provider you actually have been able to get your netflix shows and that is cogent communications. coming up we have a fox business exclusive with the ceo of cogent, is name is dave schaeffer and this is the savior for netflix. any traffic that couldn't get through on verizon chios' or the other big broadband providers has been able to get through at cogent communications. does he want this standoff to end? he is getting a lot more business. talking to dave schaeffer in a fox business exclusive coming. connell: the dow is down 18 points. an hour left in the trading day and everyone will be in your capable hands in 15 minutes. coming up, new highs after 8 huge quarter but how are they keeping up in the face of stiff competition from the likes of apple? we are talking to the chief executive in an exclusive on fox business. announcer: where can an investor be a name d not a number? scotade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i tre. because i dot trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. adam: better than expected quarterly earnings sending shares of garment to a multi-year high. cliff trimble is with us and the fox business exclusive and i want to make a correction to something i said. navigation co.. you are recreating this company. 50% of your revenue now comes from new devices than those of us who think of garment as a gps device on the dashboard is not one of these are. tell me how you are able to grow this business. >> we have been focusing on our core business for many years, introducing new products in the area of outdoor fitness in marine and aviation and as a result of our investments we have been able to diversify our revenues and grow revenues in those areas up 14%. adam: you have the further action camera. how will this help steer revenue growth, wall street is please, a new 52 week high based on the fact that the revenue fall that you experienced wasn't as big as they thought because of devices like this. >> that is right. we have been concentrating and introducing devices for new markets like the verb and that represents new revenue for our company. in addition, this year's cbs show we introduced a new project which is a wellness -- designed to help people get more health in their life style. adam: these devices, the non garment traditional gps device will account for 50% of revenue. is there an infection point where you can tell us they will be the vast majority of your revenue? do you have a timeline on that? >> no time line. our pea in the business with a lot of people know as -- continues to be a substantial part of the business, we are growing when other areas which allows us to diversify and gives us more stable revenue and profit base. adam: the competition from smart phones which have different kinds of gps mapping available to consumers you warned investors that this is some trouble, a head wind but are you ready to say you are out of the woods in terms of competition? >> we think we made a lot of progress, we have been talking about the impact of smart phones for in number of years and we have been able to continue to keep the product relevant through innovation because it does offer the best in car driving experience but in addition to that we have been investing in other areas of business which offset the declines we've experienced. adam: will beat the surprise in the year coming forward with new devices you are bringing, any hint you can give us about those? >> no specifics but we endeavor -- we innovate on adjacent product categories and market segments to areas we are currently investing in. we continue to invest in the company for the future. adam: appreciate you joining us and congratulations on your earnings report. wall street is pleased with you. forget spare change we had shortchanged today. coming that you can never have too much money or short too many stocks and one of the best is going to join us. but ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. re price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. inest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ we asked people a question, how much money dyou think you'll need when you retire? 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[ dan ] it's just human nature to focus on the here and now. so it's hard to imagine h much we'll need for a retirement that could last 30 years or more. so maybe we nd to approach things differently, if we want to be ready for a longer retirement. ♪ ♪ adam: on wall street or main street here who is making money today, we start with who is losing money, herbal life. concern over the ccmpany's sustainability in china shaking investors, hedge fund giant carl icahn famously supports the nutritional drinkmaker. he owns 17 million shares. he is losing $40 million today. he probably earns that in an hour. after driving shares of 400% tesla shares may be putting on the brakes. east dawkins falling head of the company's earnings report later this afternoon. fund manager doug cats of sea breeze partner management says this morning he is shorting tesla. they are not yet disclosing how big that short position is. shorts up, down, sideways doesn't matter for the traders, forget spare change, we have short change today. if you want to learn how to short with the best of them pay attention to our next guest. brad lehmandorr for is with ranger equity bear, i got to tell you this is not for the faint of heart when it comes to shorts. i would be considered they would say in massachusetts a worse. but you have companies you are willing to share with us that you think should be shorted right now. who is on your list? >> we are bringing three names to you today. harley-davidson is a new position, con's retail outlet, they are retail oriented to the appliancemaker, and the third one was -- adam: century lincoln. let's talk about the dangers of shorting because bill ackerman might say you could lose billions of dollars but let's go after everything we know. harley-davidson. why are you so down on harley-davidson? >> it is interesting, polaris has recently read chlorinated the indian bite, and -- adam: beautiful machinery. >> they are doing great in indiana and the price point is so much lower than harley-davidson that no longer carries it affecting sales but also the used market in harley. we feel the inventories are rising too high at dealers. adam: let's talk about cons. we have all lived through the coming and going of the big retail box companies, discount stereos, something like stereos and refrigerators and go bust. this company are on your list. >> that is right. they have a wonderful expansion but unfortunately a lot of the expansion they had has been using a very aggressive accounting and some prime space. they basically financed 40% of their own sales and so it is easy to sell things when you are making the customer easier and easier to access credit. they beat their quarter of you months ago, stock was up $15 and giving it all back and then some. it is one of our bigger positions. adam: a company in texas, louisiana, oklahoma, mexico, why does 40% of sales being financed, i would think that is a big revenue generator for them. >> the problem is the quality of the participants are not high quality customers. adam: why are century link on your list? this is a telecom company. >> this is the old qwest communications. when they bought that they have a lot of legacy issues they have to work through. the main concern to was is the $2 billion liability in the pension area that is underfunded. there is a transportation bill called map 21 that will start forcing a lot of companies with underfunded pensions to start taking care of them and that downfall needs to come from earnings. they have weak cash flow as well. we think the dividend could get cut. adam: appreciate your being here. orting stock is not for the faint of heart but you certainly are a strong one at this. all the best he. that is all our time. we hope you are making some money today. to help you continue to do that "countdown to the closing bell" with liz claman starts right now. liz: the frigid economy. is the snow refreeze in weather really to blame? housing starts for january were terrible. the federal reserve is waving away but are more economic muscles ahead? turbulence guys have travelers literally hitting the roof. >> the planes are dropping. >> facing the worst delays and cancellations in 25 years. what is an airline to do? maybe follow spirit airlines whose stock has taken flight up 140% this year. the ceo is with us live. is your netflix doing this? is it could be due to a standoff between the streaming movie service and internet providers