launch your dreams. at legalzoom.com we put the law on your side. >> roll the monday morning highlight reel. the president says everybody gets cut by the same amount

regardless of what bucket of spending we talk about. >> unlikely they don't begin to hit this friday. >> nothing the public can do now? they're not going to impeach the president. if you fight on his turf, you lose. >> they are going to go through if congress doesn't make a deal. president obama is calling the cuts dire. >> they will create a bunch of scary scenarios, planes come down, kids won't eat, old people won't eat. >> he's chosen to harm the very people who have elected him. >> what a story. whrrt. time's up, but dagen and connell it's yours. connell: appreciate it. dagen: the white house lays out a report showing which state is hurt the most by the budget cuts coming. with the deadline looming, the talk we hear is about who is responsible. >> uh-huh. we'll get to the bottom of it, and government has a debt problem, but a study shows americans are getting better

about balancing their own budgets. dagen: work from home? forget about it. a mob boss telling all yahoo employees telling youssef mejri better be in the office or quit. connell: love when you do your mob voice things. andy made millions ranking up gold medals, but now the second act, to the golf course of all places. why? michael phelps is in studio today. should be a lot of fun. dagen: golf is fun and he's coached by hank hainy. connell: should be good. golf drives you insane if you play it. we'll see. dagen: he gets to wear clothes. stocks now and every 15 minutes. nicole, what do you know? >> watching that a couple thingses. first. the market hit a five year high. the dow traded as high as 14081. getting closer and closer to, really, taking out all-time record highs; however, the dollar has been moving around, something that comes into play.

now there's a stronger dollar against the euro and veer sis when i came in this morning. that weaker dollar helped move markets high eric and there's gold very strong today. as far as the dow jones industrials, 30 names on the dow, half in the green, half in the red. it shows you a little uncertainty, a little push and pull action which is why you see all three not far from the unchanged line right now. back to you. connell: thank you. dagen: days to go before the cuts kick in. comes friday. the white house now laying out how the deep cuts could impact each state. connell: right. state by state, and rich edson has details from dc. rich? >> continuing to impress on the automatic spending cuts detailing consequences like fewer food safety inspectors, and air traffic controllers to get republicans to agree to tax increases to replace the cuts. the white house just released a report breaking down the effects of the cuts in each state. nationwide, the administration

says they'll cost a thousand federal law enforcement agents, early education for 70,000 fewer children, slower processing for social security claims and cuts of $900 million to small business loan guarantees. republicans charge this is simply a scare tactic to push nor tax increases. the senate's top republican, mitch mcconnell writes rather than last minute press releases on cuts to troop training or airport security, propose smarter ways to cut washington spending. after all, washington spending, even with the spending cuts, is bigger than it was when he got here. president obama continues his push this week speaking to the national governor's association in a few minutes, and, tomorrow, in newport, news virginia, at a shipyard to push for the economic effects of less government spending. back to you. connell: story of the week out of dc. thanks, rich. dagen: for more impacts on the looming spending cuts on individual states. let's bring in matthew.

connell: rich got to the heard of it saying the republicans think what the president's doing is a, quote, scare tactic. is that because what the white house says is not true or the country can just handle it? >> because it's not true. connell: what specifically is not true? >> the president said, for example, 243,000 people will be cut off medicare. factcheck.org looked and said, yeah, not really true. there's no direct linkage at all with the sequester with these medicare cuts; right? they try to do the classic washington thing of go to the washington monument and close that first. go to the firemen and they will be the first to lose their jobs. it's 1% of the government budget after we've doubled the size of the federal budget in ten years. if we cut 1% in one year, and we have to shut down meat plants, which is what tom vilsack says, maybe you spent that other run up a little badly. they are trying to free monger without question to scare people in order to make a deal.

it's not to make a dealing. there's no negotiations happening. it's a way to try to win the politics of this. dagen: if there's no impact on the broad economy that individuals across the nation will feel, then the white house needs to worry about that because, again, this could backfire, could it not, if you go out and say all hell's breaking lose if spending cuts kick in, and we don't feel the impact of it unless your specific job is hurt? >> well, keep in mind that we have an incredible attention deficit disorder in the country so two months ago, we talked about the impact of the fiscal cliff and how terrible that was going to be. that was a broad raising of taxes that happened on january 11st or just afterwards, and they didn't scare monger nearly as much, but what will happen is we raised payroll taxes and taxes on the top earners in the country. they are doing more scare mongering about cutting government because they don't want to cut government. connell: to the point they can win the after friday war in this.

the job cuts by states projected, 30-some thousand in texas and alabama and down the line. they must think after friday people see it our way, being the white house. that must be what they think. >> they are in a tough spot. if the economy goes south, they need to blame someone so they blame the minority party at the time. they go through midterm, and midterms for a second term presidency are disastrous. 12 out of the last 13 times a wipeout. they know they have a sluggish economy. the economy grew by, what, negative .1% in the fourth quarter, it's bad going into this, and they need someone to blame. they are trying to look for somebody, but people who are just experiencing this will look and see who is running the white house. dagen: do you believe it's the excess of government spending, again, doubling over the last ten years is the drag on the economy today? >> yes. there's a debt overhang; right? there's economic research saying if you have debt, gdp ratio of 90% or more for more than five

years, what we have now, basically, that means your growth is going to go down by 1% a year. that is horrific for a long period of time. we are facing this debt overhang and government spending is crowding out private sector spending. not good. connell: more later on in the hour, but for now, matt, thanks a lot. >> thank you. dagen: thanks mat. when it comes to making money, people are not saving it. 55% of american have more emergency savings than credit card debt. this is carding to research done by bankrate.com. joining us from chicago is the chief investment officer at bmo harris private bank overseeing $66 billion. a look at 55%, and it's more than half, that's not really that bad, is it, jack? >> i guess not. you know, i don't know. i would have -- i would have thought it would have been less than that actually given the state of affairs that i hear about. dagen: in terms of money and the cash that people have set aside, you are seeing it go into the

stock market, finally. should that be a note of caution because, again, individual investors are usually so late to the party so to speak. >> yeah. i mean, i would say so, you know, there's a couple themes going on, dagen. one is i think we're, you know, theoretically, stocks are at fair value. i think with the price to sales ratio 1.4 # times the price of earnings ratio of about 14 times, you know, given the cuts, the tax increases, this year is not going to be a blockbuster on the economic recovery scene. i think 1500 to 1525 is fair value, and likely, you know, the year end forecast. that said though, there's a lot of elements that could propel the market higher. most notely you mentioned cash coming in off the sidelines, but, also, this huge disperty in values between stocks and bonds, and, eventually, once corporate treasurers and business executives become more

optimistic and it seems like they are, they are going to start leveraging that differential, start borrowing money cheaply, and using that money, perhaps to buy back shares like, you know, dell, and hiens and comecast deals that could ratchet higher. dagen: yield on the ten year below 2 2*%. at what level does it have to get before it's a drag on the stock market and a drag on the economy? again, you have to be careful what you wish for. you see money is coming out of treasuries and out of bonds and stocks, it could be detrimental, but at what level, jack? >> great point. in fact, i would say right now we're at a reasonably safe zone because, again, not that many investors arbitragers are exploiting that differential between stocks and bonds, but i think that part of the reason why i think the -- we're getting such divergence in fed opinions

in the last minute is because they are worrying that they are going to create, perhaps, an equity bubble or equity frau with the difference, and then taking -- moving interest rates higher could be really detrimental to equity values. dagen: quickly, jack, do you see more frau, maybe not in stocks nowings but what about commodities? what is the most bubbly of asset classes? >> well, you know, commodities have not done much for awhile. i would say gold is still probably a little over done. we're not huge fans of commodities right now. commodities have been a victim of their own success. we're seeing now unprecedented stockpiling of inventory in a lot of industrial products, but i think gold, in particular, seems to be a little bit overdone to the upside. dagen: jack, great to see, thank you for being leer. >> thank you. dagen: see you soon. connell: following up on commodities, no relief at the

pump, gas is 20 # cents higher in two weeks, 40 cents in a month. prices on average, and according to the lund berg survey, average price in l.a. is 4.29, and the lowest price in the country is billings, montana, $3.23 a gallon. dagen: yeah, baby! daytona 500 biggest race of the year to start the nascar season, and that and the number 48 is jimmy johnson taking the checkered flag yesterday winning the second daytona 500, the first happening back in 2006. den laps to go, johnson seizes control, and never looked back. his teammate finished second, and danica patrick made more history dwred. she started the poll, a first woman to do that in a sprint cup race, and the first woman to lead a green lap as well, and finished 8th. go, girl, yeah, baby! great race.

connell: good for her. dagen: prayers to the fans injured saturday night in the nationwide race. prayers to those in the hospital. connell: absolutely. man, that was horrible to look at. it's not over, meantime, for the central states. more bad weather meaning the energy market is watching this as well, so so are we. there's nor coming up. dagen: ceo of yahoo wants to see faces, not hear voices. she's telling all blows to get their uh-huhs into the office. connell: oh. dagen: that's right. the oil market, how much does it cost to commute to work now? well, oil's at $9 # -- $93 a barrel. ♪ ouncer ] i've seen incredib things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand

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full months of identity theft protection risk free. that's right, 60 days risk-free. use promo code: gethelp. if you're not completely satisfied, notify lifelock and you won't pay a cent. order now and also get this shredder to keep your documents out of the wrong hands-- a $29 dollar value, free. get protected now. call the number on your screen or go to lifelock.com to try lifelock protection risk free for a full 60 days. use promo code: gethelp. plus get this document shredder free-- but only if you act right now. call the number on your screen now! connell: markets now, before we

go back to nicole, don't miss the interview with the former aid of aig, over the bailout and everything else. charlie has that today at the 1 p.m. eastern hour of markets now. hank greenberg, one o'clock hourment don't miss it. dagen: stocks now, annie coal has shares of zynga up today. >> yeah, right now, soaring. when you talk about the fact it's up 134%, that on top of, obviously, a great year they have been having, but zinga jumping on the news of op line gaming geating legalized in nevada, and now the speculation as to what other states do the same like new jersey perhaps. this is why it could be beneficial for revenues, obviously, for zynga known for farmville. i want to look at another name, and this is a 3-d printer computer, 3-d systems. you can see it's down 8%. they came out with a quarterly report which was disappointing

missing the animal -- analyst's expectations, not good news for the particular company and that's why shares are tumbling. back to you. dagen: thank you. connell: a major storm slamming parts of the central plains today, blizzard warnings in effect in oklahoma and kansas. hey, maria. maria: good morning, everyone. this is just after a week we saw blizzard conditions over a similar area. last week on thursday, we saw over a foot of snow in portions of kansas, oklahoma, and now, again, over a foot of snow expected in the areas. many people don't have anywhere to put the snow, but here we go. we have a snowfalling heavily in portions of the texas panhandle, oklahoma panhandle in central areas of kansas which could see over a foot of snow. amarillo, texas, a city in particular, that could have 20 inches of snow, and reporting gusts over 40 miles per hour. whiteout conditions, dangerous

to hit the roads. people are told to stay off the roads throughout the day today. the warnings in effect from texas to southern areas of texas, and warnings from north eastern portions of the state of new mexico up into portions of illinois. very widespread area here expecting significant snowfall. chicago under a winter storm watch because tomorrow afternoon and evening hours, you could be seeing over six inches of know in chicago. on the southern side, believe it or not, tornadoes, damaging gust, and large hail stretching from the state of texas, louisiana, into areas across the florida panhandle and also southern georgia. widespread area could see severe weather out here. also, heavy rain expected with the storms up to three inches or more locally in alabama and georgia, out here in the southeast through tuesday. again, heavy rain expected in this area of the country, but the one little bit of good news is we have drought conditions

across portions of georgia and alabama and the central planes so we are getting much needed moisture where we need it the most. dagen: thank you, maria in the fox weather center. connell: head of the fed, ben bernanke, on capitol hill this week beginning tomorrow, but the thing is,s intrigue here is dissension in the ranks. members of the federal market committee not getting along on stimulus, so we'll talk about that and the markets straight ahead. dagen: rock stocks and on to the second act or third or eighth? olympic swimming star, michael phelps on keeping his brand alive on the link. we'll talk to him about it. take a look at world currencies how the dollar is holding up against all those biggies. ♪ [ woman ] if you have the audacity to believe

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>> at 22 # minutes past the hour, this is your fox news minute. ikea has pulled into europe's widening food scandal detecting horse meat in the frozen meat balls labeled as beef and pork sold in 13 countries around the world. it was made in the czech

republic. they won't hear a decision upholding a ban on corporate contributions in federal elections. the appeal was brought on the basis that the ban violates corporations free speech rights. a federal judge agreedings but an appeals court overturned it, and the justices won't review that decision. as secretary of state john kerry in london for the first leg of the debut overseas trip. the trip includes syria opposition conference in rome which some members of the con sill threatened to boycott. kerry wants them to show up for the talks to say help is on the way in the fight against assad. that's your fox news minute. back to you. connell: thank you very much. secretary kerry will not hopefully be buying meat balls over there. dagen: canned meat balls, that's your problem. connell: not funny know. dagen: looking to drive down the value of the yen to boost its struggling economy, and as other countries start to follow, we may look at a global currency

war. connell: that's all we need. cyber wars currency wars, all kinds of wars. peter? >> that's right. the talk of currency wars getting traction with reports from japan has a supporter of aggressive monetary stimulus to be the head of the new bank of japan to help kick start that country's sluggish country. the front runner for the job could mean a lower yen to help boost jab these exports that could hurt u.s. exports and jobs by making u.s. products more expensive in japan, our fourth largest trading partner. the yen is already down 15% or so in the last few months since japan talked up more aggressive steps to stimulate its economy. president obama and the new japanese minister met at the white house on friday. trade was on the agenda; however, no word from either side if they actually discussed corp sigh specifically, but as

you recall, two weeks ago, the g20 group of world's largest economies including the u.s. and japan issued a communique on currencies that analysts viewed as an endorsement of japan's aggressive economic maps including a lower yen. for now, doesn't look like the u.s. or other nations move to devalue their concern currencies to respond, but the reliance of american manufacturing warns japan saying, quote, the practice of currency manipulation with a major trading partner such as japan is a subsidy for their products entering our market and a tax on our exports entering their country." >> not been a year there ceoer, and meyer sayings get in the office or get out. connell: yeah, my way or the highway. that's it. good for her. we've michael phelps joining us in the studio. should be fun. a lot to talk about, brand

image, he doesn't swim anymore, but he's taking up a new sport. getting into that and endorsements with michael phelps, but first, winners today on the s&p 500. ♪ [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage.

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dagen: the president's worries over the looming budget cuts, or is this just fear mongering? yahoo's new ceo with a warning,

get in the office or get out quick. michael phelps retiring from swimming trying to carve out a new career for himself. connell: at the bottom of the hour, we go back to nicole. dagen: my mom would call me on the phone, you know how it goes. connell: let's go back to nicole, bars and noble ahead of all of that. nicole: let's talk about barnes and noble. up 9% today, big news. take a look at how shares are faring. turns out the chairman is now part of a list of folks who founded companies they love, this is best buy.

take a look at the companies not nook ereader related. this is old-school bookstore. anybody can buy up these assets. the stock is jumping in a big way today. back to you. connell: another day closer to the automatic spending cuts. this is going to be the focus all week in the market and in d.c. and louisiana governor bobby jindal had this to say yesterday. >> he signed this into law, and now making these cuts. we can cut less than 3% of the budget without howling out the military are jeopardizing air traffic or meet inspections.;jyó

always. the general public may be paying a little bit of attention to this whole sequester, budget cuts operation, but this week they will tune in as they always do before the deadline so just to clear a few things up, governor tyndall said the sequester was the president's idea, is that right? that whole idea. >> it did. he details it or do well in his book from insiders and jetblue and others who came up with the idea and discussion about that debt ceiling deal and they came up with the sequester as being this trigger. being something so bad congress would have to get the super committee set up to come to some agreement. the white house came up with the idea, and they conceded it this

last week. they did it at the white house briefing. connell: speaking of bob woodward, over the weekend it came up because he wrote an opinion piece column in which he said the white house could move the goalpost on all of this referring specifically to the revenue side of it, originally that was not going to be a part of the sequester. how about that site, where does the truth lie there? >> the white house is saying republicans came forward with a replacement saying they were interested in replacing it with revenue, and that is true after the subcommittee, super committee was finished with their deal. there is an element to truth with what they are coming back with, but the original deal was that the sequester itself did not deal with revenue at all,

and if it got to that point, we are at that point. his point is you are where you are. this didn't have to do with cuts, this didn't have to do with revenue, this has t had too with strictly cuts and that his wife was so bad. -- why it was so bad. connell: the other thing, maybe this is a lot of inside washington stuff, but it is important to know where everything stands. the president doesn't have a plan, literally doesn't have a plan, white house says they do have a plan. who is telling the truth? does the white house have a plan? >> they have a plan, but they don't have any legislation, per se. they had gone through a senate committee, but the senate controlled by democrats did not

pass anything on the senate floor. there is nothing legislatively they can point to and say this past one body of congress. house republicans, however, can say they passed two substitutions out of the house. they have done that twice. did it include new taxes? no, neither of them did. they want the so-called balanced plan. that is where there is an impasse. the senate democrats haven't moved their balanced plan from the committee to the floor because a lot of people say that plan may not pass. connell: they are setting us up very well. we will have michael phelps on in a few minutes, he took up golf, you are a low handicap

golfer, right? what is your handicap? >> 5.2 index. keep hanging with hank haney. it is fantastic, when you hit a good one. connell: a lot of shots in 18 holes though. we will have mr. phelps in a few minutes. dagen: you are a good golfer though. connell: i am horrible. i am awful at gulf. -- golf. dagen: you are not an awful golfer.

yahoo ceo meantime wants bodies in the office or a resignation letter. more on the message she's sending to her employees. connell: ben bernanke trying to get everybody under his watch on the same page, but apparently having some trouble. the fed chief testifying before congress. dagen: and of course, michael phelps, the olympic superstar doing that. and take a look at the treasury market.

>> i am lauren simonetti with your fox business brief. according to latest survey, the economy will experience another year of sluggish growth in 2013 expanding at an annual rate of 2%. for 2014 they are forecasting the economy will expand at a faster clip at 2.8%, that would be the best performance since 2005. shares are tumbling of the company is being investigated by the security and exchange commission. the for-profit education provider received a subpoena february 8 and is cooperating with the sec. mastercard unveiling the app

allowing customers to pay for goods without having to wait for the cashier. it can be used for online payments. that is the latest from the fox business network giving you the power to prosper. at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account.

>> this is the most nerve-racking thing i've ever done in my life. i'm just trying to relax, work on some of the small things that can hopefully give me a few good shots here or there. relax some and who knows, pick up some more fun. it is still stressful, has stressful it can be. connell: hard to imagine michael phelps, most decorated olympic athlete of all-time. golf will do it to you. dagen: michael retired from swimming taking on a new challenge, golfing. here is michael phelps,

everybody. >> that was the craziest thing because when i was out there at the ryder cup, my hands were shaking. i could not put a tee in the ground. hit anything off of the tee box because i was so nervous. people lined up, if i drill one of these people come it will not be good. connell: i think about that on a public course. that is all you want to do, you want to hit the first shot on the fairway. dagen: this is the only way on earth you will ever relate to michael phelps. connell: the first shot is always most important to take the pressure off. you don't swim anymore, he made a ton of money doing it because of sponsors. you do a show like this on the gulf channel, you keep your names in the headlines?

>> i always wanted to golf. there was a time high school i wanted to be in high school golf team. my mother helped me think about everything and rethink my decision and she was going to let me decide whatever i wanted to do, but i decided to stick with the sport of swimming for a couple more years and now that i am done, i enjoy golf. one thing that is cool about the sport, you can travel all over the world and play different golf courses everywhere and you will never find one that is exactly the same as the other. but it's really interesting to me. i like getting out and playing for a couple of hours and just relaxing. dagen: golf is a sport with people with a lot of time on their hands. all the money make endorsements, do you ever really need to work again other than just having these sponsorship deals? >> there are still things that i

want to do. there are still things in the sport of swimming i want to do. even though i'm not on a competitive level, i want to see day one. something i will not give up on until i feel it has reached where i wanted to go. dagen: like what? >> we have to brainstorm. the sport has changed so much in 12 years it is where do we go from here? i'm still in tune, following how they are swimming, guys and girls from all over the world seeing what is going to happen. i don't know if the suit will change or not. i am done. connell: you ever think about that? >> sure there are times i miss the sport, but at this point i have been able to publish everything i wanted to in the sport and no need for me to come

back. i don't want to come back and do this bad or that bad. i always said i wanted to hang up my suit and say i never had a what if. dagen: how was hank haney as a coach? >> the first couple of shows i was so frustrated, literally kept putting the ball down, i would hit it, i was like oh, my gosh, i don't want to hit any more balls. i don't want to do this anymore. we finally turned and we started really getting along at the new year, we spent probably a week, a week and a half together around christmas and new year working on things. it was something clicked and i had the bug.

it is something that is hard to get away, i want to improve, want to become a better golfer and compete with my friends and hopefully beat them. i have broken 90. i can't tell exactly what, but the day i broke 90 ahead 53-pu 53-puts. i have been able to overcome my swing and i just have to learn where to place it. dagen: you can play against,him anytime. connell: when will we see them again, but this is an interesting way to do it. >> golf will be an olympic sport. dagen: we certainly know you are a competitor like we've never seen before, michael.

connell: 9:00 nine eastern time. dagen: i can't wait for that. stocks now, nicole has big movers today. nicole: that is right, some names hitting lifetime highs today on a day wit where the mat has been back and forth. back and forth a little uncertainty, so take a look at these movers. clorox, colgate, some lifetime highs, food stocks from hormel, hershey's name a few. as we see names hitting all-time highs, while the market has been trending higher, there are still some nervousness and that is why people are flocking to the utilities. dagen: thank you, nicole. connell: a lot of people talking about this yahoo story.

the ceo has a major change. dagen: shibani joshi trying to explain the logic behind this. >> watercooler talk for those who work in major technology companies the major appeal of doing so is working from home or from anywhere for that matter. but for employees of yahoo going into monday morning meeting will not fly anymore. a whole host of changes brought in by the new ceo of marissa mayer. all things digital got hold of a memo leaked to the entire firm of yahoo over the weekend calling for people to stop working from home and get into the office. it goes on to say "to become the absolute s. place to work we have to be working side-by-side, that is why it is critical we are all present in our offices. some of the best decisions and insights come from a holy and cafeteria discussions. speed and quality are often sacrificed when we work from

home. we have the one yahoo, has to do with us being physically together. one employee sent out a letter saying this is a huge morale killer. a lot of talk about this story today. it is a good one, for sure. dagen: thank you so much for that. connell: big question for the federal reserve and food market in terms of ben bernanke still struggling to get everybody on the same page. we will get into that next. dagen: some winners on the nasdaq. we know a place where tossing and turning have given way to sleeping. where sleepless nights yield to restful sleep. and lunesta®(eszopiclone) can help you get there. like it has for so many people before. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities

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connell: we said earlier the whole sequester thing will be the big story of the week. the other thing to watch is ben bernanke with testimony on capitol hill beginning tomorrow and it is starting to look like not everybody is getting along. so we bring chief economic strategist in. there was some disagreement among the party ends and when the fed gets rid of this policy. what do you make of it? this could be the big question for the market in the next month. >> absolutely. thank you for having us on this afternoon. look at the minute released last week, there are four to five concerns and they may have to slow purchases. there are several reasons why, several reasons, but one is the asset bubble, number three, this future cost to kerry.

if interest rates go up, kobe a double whammy for the federal government. at higher debt expense on the debt. the fed will own a lot of long bonds. they no longer have interest income coming in on that. that will exacerbate the debt each year. if it goes up 2%, for example, it can go up $300 billion per year. connell: and on the sideline of that, you also risk the fact again, if the federal reserve slows the purchases and bonds you are referring to, the stock market pulls back taking away from people's confidence. putting that together with what you said, what do you think is going to happen? >> the stocks getting as excited about asset purchases as dagen

does with nascar and the daytona 500. many are buying bonds, multiple growth of 15 to 16. they do continue to buy bonds, expected to see stocks go higher as a result of that. connell: is up for debate was more strange getting excited about the asset exchange or the daytona 500. thank you for your time, we will talk to you. dagen: gets me fired up. monetary policy and racing. put you on a boat, send you to cuba. connell: i enjoyed it yesterday. i was rooting for danica, good

for her. dagen: there is one money manager here who says yup. connell: and another hour of "markets now" straight ahead. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards

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♪ >> good afternoon, everybody. >> beating the scare drums warning governors on how massive budget cuts hurt the states, but with a deadline coming, the bond market could be worse as a result. >> the starlight falling after the president's remark, but we have one to defend stocks despite the cuts coming. dennis: while last night's oscars had a long list of

celebrities backing barak obama's tax plans, you won't believe how many tax breaks hollywood is taking. elizabeth investigates ahead. lauren: top of the hour, stocks now every 15 minutes, and nicole is on the floor of the new york stock exchange. >> a market down 65 points now. we movedded higher, the all-time highs if five years, we're teeing the all-time highs, not quite reached it, but turned around into the red now. you noted the president's comments. that's something coupled with europe and italy, and the dollar now strengthened, and with thats market is selling off and down 60 points. i wantedded to look at a name on the move and one that's doing very well, and that is zynga, and you see the stock off the highs today, but a stellar performer as online gaming is legalized in nevada.

you're talking about on line poker in state to state, and it could go and expand into new jersey for example, and it's not just poker, but other types of games online, and that bodes well for a name like zynga known for farmville, words with friends, and the like, but online gaming, the next big business. back to you. dennis: thank you very much, nicole. president obama calling on governors this morning to remind their congressmen what is at stake as the deadline for automatic spending cuts looms just days away. rich edson joins us from inside the beltway with more. rich? >> good afternoon, dennis. the cuts hit friday, and congressional aids say there's no discussions to attempt to beat that deadline. the white house continues its warnings of the significant consequences of the government spending cuts releasing a report detailing the state by state impact, a sample here, almost 90 million in cuts in california putting 1200 teacher and aid jobs at risk. millions in lost funding ffr job training and assistants in texas and 8,000 defense positions

furloughed in missouri. president obama puts the blame squarely on congress. >> in just four days, congress is poised to allow a series of arbitrary, automatic budget cuts to kick in that will slow our economy, eliminate good jobs, and leave a lot of folks who are already pretty thinly stretched scrambling to figure out what to do. >> the president says he's open to deal on cuts to medicare providers if republicans agree to more tax revenue and proposes infrastructure spending. republicans charge the white house is employing scare tactics to pressure republicans to agree to tax increases. spokesperson for speaker boehner writes, "republicans in the house voted twice to replace president obama's sequester with smarter spending cuts. the white house needs to spend less time explaning to the press how bad the sequester will be and more time working to stop it." the president continues his public push discussing the effects of the defense spending

cuts tomorrow at a shipyard in newport, virginia. back to you. dennis: thank you, rich edson. the next guest says the stock market decided the budget cutting talk in washington is overdone, but says the bond markets are more concernedded. joined by kpw senior. thank you, brian. for all what's going on in washington, it's just $85 billion. why would the markets get jittery on this? >> it's an issue of political will. it's not the size of the cuts per se, but an indication of how serious washington is in dealing with the long term budget. if they only get rise of sequesters and replace it with meaningful reforms, i think the bond market and fixed income investors say we knew washington was not that serious on the budget, and now we know nay are not serious on the budget. dennis: president obama came on today and as sometimes happens

when he comes on air, stocks went from green to red, and now the dow's down 65. what's making traders gite? >> it's a growth story for the stock market. i mean, you know, even as small as it is, it will have a slight negative impact to gdp, and i think that's what the equity markets look at. if sequester went away, replaced with something longer term, i think the equity markets would be happy. you know, despite the temporary selloff this morning, we've seen the market grinding higher in the last couple weeks in the face of sequestering coming. i don't think the markets are as worried as this little blip this morning suggests. i think most equity investors are just going to kind of brush it off as being more washington hype and not worry about it that much. dennis: explain to me why the bond markets would be upset. if they kick the can down the road, don't cut or take bold action, the bond markets worry that the u.s. government's not good at paying back debts, and

interest rates jump and you pay me a higher return before i'm willing to lock up my money? >> not so much about willing to repay debts, but wracking up more debt they are not serious in constraining the growth rate in government. if you can't even agree to 85 billion, $110 billion in a begin year over the next ten years, then how serious is washington about working on the larger problems, entitlements? the real driver of the budget deficit and debt that's going to go on? i think they are taking a short moment in time extrapolating it out, and that's where the worry and concern comes from. dennis: last year, we had $15 trillion in government debt and spent $360 billion on interest serving that debt, well, ten years ago, we had just one-third as much debt, and we spent about the same exact amount. debt right now for our government borrowing is simply way too cheap.

is it the best way for washington to cut is when interest rates go up we pay on finance and the debt and forces cuts whether we like it or not? >> it introduces a level of market discipline. washington is living well now in temples of financing the debt because of fed policy. at some point, that's going to change. when? we don't know. we may get a little bit of a better idea tomorrow when chairman ben bernanke steps up on the hill, but at some point, that's going to change and the market imposes its will. they will have a say even though they are not yet, we know in the future they will. dennis: always worried about the bond individual -- but they never really come back. now, if one worry we have is that we have another credit downgrade on the u.s. government and its ability to repay, right now, interest rates are lower than they were at aaa, aren't they for the government borrowing? >> it's a legitimate -- it's a legitimate point what we saw was

in a -- in a tough world, it was a flight to safety after the done grade because europe was bad. as europe moderates, not out of the woods, but less of a concern as markets take over the growth engine of the world, then the u.s. doesn't become -- it's not the same safe harbor as it has today, and that's what may be another factor into when the bonds step in and impose their will. dennis: only thing -- >> it's not something you want to take a chance with. dennis: every other place is far less safe until money floods in anyway. it's a strange anomaly. >> it is until it is not. dennis: what we all worry about. thank you for making us worry. >> thank you, dennis. lauren: someone has to worry. despite cuts expected to hit the defense industry hard, the increase guest says lockheed martin, still his favorite stock. the natural services president

and coportfolio manager of the gmg data funds is joining us. oliver, thank you for coming on. >> always a pleasure. >> you like them despite the fact there's some $4846 billion in cuts because of the sequester hitting the defense industry. >> lockheed martin is more than is defense company, but a technology and security company so i think there's a little bit of a disconnect in the way some people look at the stock compared to the realities of the company. >> number two, the stock is down 8% so some of the spending cuts have been priced into the sector and stock. really, what we look for theematically is companies that have strong and growing revenue streams, hi dividend compare to the market, and@of increasing dividends. lockheed martin fits that profile well. that's why we own the stock. as a matter of fact, it's more than doubled its dividend in the last decade meaning you would have doubled your income on the stock. lauren: you like other high dividend stocks as well. do you have the names?

>> garden restaurants is one that we like. intel at least levels, more volatile, we usually look for stocks less volatile, but it's another company at this level in the $20 range is very, very attractive, has an attractive dividend yield, and room to raise dividend, and that's one of the critical factors going into 20 # -- 2013 and beyond given the 100 point rally in the market since the beginning of the year. lauren page -- lauren: searching for dividend is the key. you see a pull bank; right? there's fiscal cliff part two with the sequester. how much of a pull back to you anticipate? >> if we're lucky, saying that we're 10% cash position in the gmg data fund as well as separate accounts, we'll see a 5% to 7% pull back. lauren: temporary? >> veryings very, very temporary. if you look at the environment overall with low interest rates,

relatively strong corporate earnings, and the globe in terms of the global economy putting along at 2.5 and 2.75 pling. that's a perfect environment for market to reach higher, as a matter of fact, we think the s&p500 sees 1600 this year. lauren: nice. >> closes a little below, but that's 5% from here. it's not a big number. lauren: significant head winds. the dow is down 50 points. we have not spoken about europe, the debt crisis rearing its ugly head again. we have these elections, potentially political gridlock in italy. concerned about that? >> you have to keep an eye on it. look at the shift in europe compared to, say, a year ago, and that's a shift the central bank said, look, we're going to lay a line down and not let anything happen to the zone. they can keep it up with spending for a couple years barring a crisis. today, there was news that they are not doing well in the italian preliminary elections in

the polling. weal find out tomorrow what it looks like for real. wednesday, u.s. gdp comes out which is critical. we think the numbers will be revised upward for the fourth quarter of 20 # 12 because we think there's a little too much negative built in there. lauren: stick with gdp state side for a second. >> sure. lauren: in many ways, this sequester that hits us by the end of the week if nothing is done in washington to prevent it, will that hit on gdp be overcome by auto sales going up, home prices going up, all the good signs apparent in the economy and recovery? >> absolutely. it's not $85 billion out of the economy friday morning when we wake up. it's not gone all at once. it's in a time frame. two, there's an offset, it's about $58 billion reducing the numbers for sandy relief spent by the government. you are really talking about $27 billion or $28 billion taken out of the economy. there's a big backlog in pinned

up demand for auto sales, big items that can boost productivity for the economy overall. you have, and there was just some research released that, at this point, and the st. louis fed as well, that housing availability, home availability in the u.s. is now down to 2001 levels, well before the peak of 2006 and before things got feverish. there's a good opportunity for housing to, perhaps, rally more as well. lauren: more, good. okay. >> the fear factor is high, and we always like to say, you know, buy on the cannon, sell on the trumpets, and right now, the cannons are firing. that's a good time to have cash on hand and buy. lauren: up or down, friday close, what's the market do? >> oh, wow, putting me on the spot. up from here. lauren: thank you so much. >> you're welcome. lauren: oliver, thank you for coming on. dennis?

dennis: working from home in your pjs is a thing of the past. why the ceo wants all yahoo employees out in the office. lauren: gas prices up 20 cents in two weeks and 40 # cents in a month. where they are the cheapest and the most expensive ahead. dennis: first as we do every day at this time, let's look at hoil. ♪ with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh!

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dennis: breaking news, job cuts coming at goldman sachs according to sources speaking saying the equities trading desk is hit harder than the fixed income division, and goldman down 1.5%, down two bucks to 151 and change. a quarter past the hour. we got stocks every 15 minutes. nicole's live on the floor in the new york stock exchange with something on barnes & noble,

nicole? >> big time on barnes and knoll. ticker similar bks, a coupe ticker symbol, you talk about the chairman now joining a list of executives who want to buy the companies they founded; right? that reminds you of best buy; right? now, not the e-nook readers. that's not the business he's looking at taking private, but looking more at the books business of barnes & noble, and as a result, just with that chatter alone, you see the stocks is jumping 1 # 1%. this is very interesting. valued at 900 million dollars for this one so this deal would be mainly cash assumption of some debt, and he already owns 30% of the company as it is. we'll continue to follow this story, but, certainly, does very well here for barnes & noble. dennis: okay. thank you very much, nicole. underlying value of the real estate in the chains often under

value. we'll look for that. lauren: looming automatic government spending cuts threatening the trade of some ever cultural products, and sandra smith is live from the pits of the cme with the latest. what do you got? >> hey, lauren, the latest is that the cme wrote a letter to its various customers urging the importance of this possible sequester or the automatic spending cuts and impact they may have on trading on the products at the cme. he's an excerpt from the letter sent to the customers saying, quote, it's possible mandatory spending cut, should they begin march 1st as if it happens, could have an impact on the physical delivery and cash settlement of certain cme livestock and dairy products. that being live cattle, lean hogs, eggs, milk, things that come to your kitchen tabling. everybody at home wonders would that impact them if the3 sequester cuts impacted overall

food prices? >> it has to do with the contracts we trade. the contracts we trade are very important because hedgers are using our contracts to layoff some of their risk so if they are delayed in the inspection process, delivery, things like that could create problems. >> that's the concern. possible furlough of usda workers, wouldn't have the inspectors, and, therefore, it could actually influence the safety of the products, do you think? >> that's a bit of a stretch. i think that's politicians saying, you know, they are trying to kick up dust and have something to talk about that the public safety is a threat. i really -- i strongly doubt that. i think it just probably creates delays in the delivery process, and maybe some reporting. >> okay, last point showing the prices that are trading here, milk, eggs, products we don't talk about a lot to impact us at home, in the grocery store, do you think, as a trader, that trades the products, do you think sequestering happens, and do you think spending cuts happen march 1st? >> not a chance. they are politicians.

they like their name in the pair. they like things to talk about. they'll push off the decisions down the road. i don't think it's going to happen. they'll push it off somehow. >> there you have it. the cme in the letter to the customers lake trey, say they are monitoring the situation closely as we come near, and, by the way, look closely at the usda reports, they, too, could be affected. the cme is warning could have an impact in trading because as you guys know, dennis and lauren, a lot of the traders focus on usda reports to make their trades. these are the possible impacts, but as trey said, doesn't think the cuts will happen. back to you. lauren: used to the 11th hour deals i suppose. sandra smith, thank you so much. >> thank you. dennis: bp oil spill, a trial underway that could result in an extra $17 billion fine against the company. we are live at the courthouse in new orleans. lauren: new orleans, new orleans, new orleans. it's not over for the country's

midsectionment more snow, and that means the energy markets are keeping watch. dennis: here's how the world currencies fair against the u.s. dollar. ♪ friday night, buddy.

you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com.

>> at 25 minutes past the hour, i'm lauren green with the fox news minutes. central plains hit by a major winter storm with snow and high winds. blizzard warnings issued by officials in kansas and oklahoma. forecasters predict up to 18 inches near am riel -- amarillo, texas, and possible tornadoes in the southeast. ikea pulled into the widening food labeling scandal as they detected horse meat in the frozen meat balls labeled as beef and pork and sold in 13 countries around the world. the horse meat was found in packs of meat balls shipped to stores in the czech republic. the pope changed the rules involving the upcoming election of the new pope allowing the cardinals to move up the start date if they arrive in rome before the usual 15-day

transition period. the date starting the conclave is important so that a successor can be chosen and installed in time for the catholic holy week including easter sunday. that's your fox news minute. now back to lauren. lauren: thank you, lauren. shares of bp down over 10% in the past year, and over 2% today as the oil giant is in court facing civil charges over the 2010 gulf oil spill. fox is at the new orleans courthouse with the opening statements. hi, casey, what do you have? >> hey, lauren, good to see you. yeah, a big, big civil trial here. bp settled on the criminal side of things agreeing to $4 billion worth of fines. this is dubbed the environmental trial of the century. a lot is at stake, and a whole lot more money. among those who are suing, the federal government, the gulf coast states, and hundreds and hundreds of everyday people. we're talking about all of the fishermen and residents and

businesses who were crippled by this three month long spill back in 2010. the department of justice is going to try to prove that bp and its partners were grossly negligent ignoring pressure readings and failing to main tape safe drills proceedings causing the deepwater horizon explosion. if the plaintiffs get their way, the federal judge could award them, ready for this? nearly $18 billion in a trial that could last months or could end at any time if bp suddenly decides to settle. the massive payout is then divided up to all involved parties. listen. >> one of the major impediments to settlement is that the states want a lot of money for their restoration and the federal government is looking for a penalty, and, obviously,ments their money back, but as i understand, there's disagreement on the federal side how much money they want.

>> the hotly contested issue is how much oil gushed from the well into the gulf of mexico. the federal government is estimated it was nearly five million barrels, but bp argued that that number is exaggerated. that figure is so crucial because the fines will be assessed on a per barrel basis under the clean water act, and environmentalist who said they want the slice of the pie to continue those restoration efforts because even three years now after the disaster, and oil is still washing up along parts of the gulf, in fact, in hurricane asaac this summer, there were oil sheens on the water, and it was tested, and it was determined it was bp oil. they are still dealing with the issue of cleanup now, and that is why all eyes are what's going to happen at the federal courthouse. again, a trial that could fake several months. lauren? lauren: thank you so much,

casey. it is hard to look at some of the images three years ago. dennis? dennis: and no relief at the pump as gasoline prices across the country continue to climb jumping 20 cents in two weeks and up 40 crepts a gallon in a month. customers in los angeles have the biggest hit. gas prices there average $4 #.29 a gallon. lowest price is in billings, montana at $3.23 a gallon. lauren: up next hour, hank green berg suing the feds for bailing out his company. charlie has him live in our 1 p.m. eastern hour of "markets now." dennis: next up, the white house lays out a report showing which states will be hurt the most by budget cuts in the sequester. we have a fact check ahead. lauren: while last night's oscars had a long list of celebrities backing president obama's tax plans, you won't believe how many tax breaks hollywood is getting. the bottom line ahead. dennis: take a look at some of

today's s&p's winners and losers. the markets are jittery. ♪

lauren: time for stocks now as we do every 15 minutes, nicole petallides live from the floor of the new york stock exchange looking at amgen. nicole: looking good, the stock is moving higher, but 4% a new annual high for amgen. the recall of one drug is beneficial.

shares have been plunging moving to a lifetime low. the recall their drug, that is one some concerns of safety issues. they believe the recall is a positive. so this is a drug we're talking what in particular, if they recall one drug, that is good news for amgen. back to you. dennis: thank you, nicole. president obama speaking for the governors emphasizing the impact of the spending cuts would take effect friday. >> teachers and educators will be laid off. thousands will have to deal with finding child care for their children. hundreds of thousands of americans will lose access to primary care and preventive care and flu vaccinations and cancer screenings.

dennis: be not afraid. says the drake on the economy may not be that bad. she joins me now. thank you for coming on, michelle. is it we don't think they will happen, or cuts happen and they are not bad? >> i think they will probably go into effect. both sides are too dug in. they are likely to take hold. however it is not clear how quickly, for example, furloughs that need to occur if the need to occur. the cuts are two budget authority. not the money spent. the budget office says while 85 when has to be cut, you're only talking about actual cutbacks in spending because spending happens with a delay from authorities.

with respect to legissation about at the end of the month continuing resolution. they are talking about the various agencies more flexibility in terms of across-the-board cuts. i think that might mean you're less likely to get furloughs and cuts and less obvious areas. dennis: estimate the cuts 85 billion in the first year on $3.5 trillion, $85 on that means nothing. but you say you can have a gdp reduced by 0.4%. if that is true, why don't we spend $10 trillion per year and keep printing money and let the economy really boom. at some point economic growth actually goes up, not down? >> i think that is the case. it is a strict number of what it means in terms of the change in gdp. some had larger numbers because

they think the multiplier factor, secondary effect, it is almost beginning to wonder as we hinted, if there really are areas and services that are being cut by the government, this environment seem to take a couple of days for a private company to pick up the slack anywhere they seem there is a need or demand unmet. i think you're right to some extent the private sector will take off some of the slack and that is another reason why the ultimate impact on gdp may be smaller. dennis: nice to hear this from you. thank you for being with us today. speak to the oscars showcased a long list of actors who also backed the call for higher taxes, but you haven't heard a peep about how hollywood takes its fair share of tax breaks. with more on that, elizabeth macdonald with the bottom

line. >> lot of the oscar winners got away with tax breaks. they're going to see $8.5 million the state of louisiana. also, "argo." $6.2 million for california. "silver linings playbook" as well from pennsylvania. "lincoln," three and a half early and. at the box office is in the forms of higher ticket prices, but when they roll the credits on those movies, they should be rolling the tax credits and taxpayers helping out. $1.5 billion going toward hollywood in the form of tax breaks. the fiscal cliff deal 430 million in tax breaks for hollywood. the issue is, do the tax breaks work in creating jobs? a lot say no, it doesn't work.

it seems that way. the state of california gives cash back to hollywood if it doesn't use all of the tax credit, so that is amazing. missouri, michigan car bunch of states are saying this does not create jobs in their state. when the production shuts down, the jobless workers go on state unemployment benefits so there's a positive side and the negative side to it. i would create 200,000 jobs in the state of california, brings in a lot of tax revenue but the name of the game is about 40 states trying to cherry pick. georgia, louisiana, the states are typically the upside are not that great. lauren: very interesting. thank you very much. macy's, jcpenney and martha stuart have their day in court.

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♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ >adam: i am adam shapiro with te fox business brief. stocks gave up earlier gains slipping into negative territory. the dow down 34 points. hostess brands will meet with a

bank wednesday to launch a $450 million term loan. in efforts to back the buyout of the snack cake brands with credit swift reading the deal. spot ispotify teaming up in the united states next month with every app link equipped for vehicle. europe getting its own version later this year. spotify says that 20 million active users worldwide, 25% are paying subscribers. that is the latest from the fox business network, giving you the power to prosper.

dennis: almost a quarter until the top of the hour, stocks every 15 minutes. nicole petallides on the floor of the new york stock exchange. what is going on, nicole? nicole: the dow originally when

we first opened this morning on the heels of what we heard from japan the stock market moved to new five-year highs, that is what we saw when we were talking about taking out the all-time highs again, felt like somewhat a celebration early this morning only to see the market turnaround in one of the reasons, bank stocks, drug stocks are all lower now. the dollar reversed and all this comes a news with italy. italian elections and the exit polls have been showing exactly talked with the fact our own senior editor also noting this today that there are concerned now about the italian elections, concerns whether or not they will keep up with the strict austerity measures put in place for italy in what you've seen wn across italy, more importantly italy. the dollar has gained, the euro has pulled back, the fear index moved higher in the majority of stocks selling off. the high we set this morning is

now to the downside. lauren: i think it will be h. welch was weak. thank you, nicole. residential isn't the only center on the mend. don't overlook commercial. he joins me now on set. i wanted to ask you, bob, first of all welcome. is this trend in national one, talking commercial real estate, are we still talking pockets of the country? >> it is pockets of the country. broad-based recovery and residential for the most part, commercial is taking off where population growth is strongest. lauren: where is that, typically? >> southern united states. florida has the fastest population growth and limits on supply. lauren: how is supply in the commercial space because w whene talk about the housing market in terms of the residential market, that is the big issue right now,

we are not old enough. -- building enough. >> what we see in commercial real estate, florida in particular is the amount of speculative constructions anem anemic, as it should become it was overbuilt. population growth hasn't stopped so buildings are foldin fillingh isn't new construction, putting pressure on prices. lauren: what is filling up those buildings? the financial firms are the media firms? >> it is a variety. we paid about a third of what it cost to build it. we have home depot, walgreens, red bull, nestlé, a wide diversification, those are the ones filling up a lot that we buy.

lauren: is the commercial market healthy? >> not yet. boston is getting strong. those are places you can't double your money unless you use a lot of leverage. lauren: when will it be healthy? >> it varies by market. it is location, location, location. we focus on florida, we think you'll be back. lauren: how can investor make money on this? >> those of the best positions to outperform and they taken retail investors come it depends on the nature of the funds, some retail investors, you can play the reeds, some are available to

anyone with high liquidity and study them carefully. lauren: you were saying presidential, but what about on the way down? >> as the nature of the leases, can hold onto properties longer because you have longer leases. we buy, renovate, tent and sell quickly so we will be out before the market turn. lauren: thank you for coming on. >> thank you. dennis: bringing in the big guns. macy's ceo testifying in court with a battle over jcpenney unfading household brands. fighting over which one has exclusive rights to martha stuart cookware. saying they breached long-standing contract was entered a deal with jcpenney december 2011 to open martha stuart stars.

jcpenney down over 1.5% today. lauren: i'm excited to hear from ron johnson. dennis: martha stuart not the most hip thing. sales are down 30 or 40%. lauren: working from home, saids that a thing of the past? why ceo marissa mayer wants all yahoo employees in the office. lauren: look at the winners over on the nasdaq. clients are always learning more

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dennis: time for your "media minute." three hours, 35 minutes. that is how long academy awards lasted on abc. did we really need a number from the musical "chicago" that came out a decade ago? and even though it wasn't among the five longest oscars ever. the longest was in '02. pulling in 37 million viewers, up almost 20% from last year's show, probably the most sense '07. the host, seth macfarlane.

"life of pi" was the big winner. "argo" won three awards. lauren: you can just get the recap in the morning. so much for working from home. mmo from the ceo marissa mayer to hundreds of employees they have to begin working in offices. some of the best decisions and insight come from hallway and cafeteria discussions. meeting new people and impromptu team meetings. she goes on would have to be one yahoo, that begin starts with physically being together. employees have a choice. she says they can quit. yahoo shares up 35% since she took over, and today as you can see they are trading down nearly 1%.

dennis: you can see how great things happening when talking to always end time wasting things happen. just a thought. lauren: you think she would be into more telecommuting and the savings from home childcare. lauren: all right, moving on. peering into the minds of the nation's top financial advisors. joining melissa francis and lori rothman exclusively with results of a survey. dennis: charlie gasparino goes one-on-one with former aig chairman and ceo of hank greenberg. you do not want to miss that one. at a dry cleaner,

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