message. stuart: thank you. dagen, it is yours. dagen: i said all of those mean things i said about mayor bloomberg, i take them all back. every single one of them. calorie counts, bans on soda. it is over. thank you so much, do well. they are lining up in colorado. recreational marijuana sales legal and there is big money involved. the president's health care plan now the law of the land, but at what cost to us and his credibility? "wall street journal" dan hettinger here to talk all about it. concerns for the nfl. football fans are super stoked for the playoffs, but they are not willing to spend the money to go to the games. and social networking stocks, all that and so much more coming up on this hour of "markets now."

always love having dan on, we will get to him in a moment, plus adam shapiro at a store that is selling pot legally today. top of the hour, the stock taking a breather after a record year. at the new york stock exchange with more. lauren: at one point the stocks are down in the triple digits, believe it or not that is not unusual. in four of the past five years, so seeing a little bit of that today. down as well. take a look at apple at the huge part of the nasdaq and the s&p down today. a lot of pieces on news of apple. the alice downgrading the stock to market perform from outperform concerned about the growth margins going forward. apple a loser in a down market

today. back to you. dagen: the first legal recreational pot shops are open for business in colorado due to long lines of customers and strong demand in the new year. adam shapiro from denver, colorado, with more. adam: this is the largest in denver. i am in one of their burrows. 20,000 square feet in which they grow marijuana legally. they are doubling their space to 40,000 square feet by april. they cannot keep up with demand. $2 million investment because as he talked about, legal marijuana for recreational use in colorado has begun on this second day it is about investing. how can you make some money on this? an ounce of marijuana, look at the video of the people who bought marijuana legally for the first time yesterday, an ounce will cost you about $400, the

state and the city of denver combined taxes on that ounce of marijuana roughly 37%. medicinal marijuana remain taxed at a 7% rate, but you see people waiting to buy it, one of the first to buy marijuana legally. so now, as we take a look at all of this marijuana in the growing room, they will not tell us how many pounds of marijuana they grow each year, but he could legally sell 30% of his crop to other dispensaries. the problem is that he can't keep up with his own demand. this is an industry according to respected harvard economist legally and illegally totaled $20 billion every year nationwide did the country is

watching what happens in colorado because the federal governmen government, while smoking marijuana remains illegal, they will defer to state law like colorado and washington state and not interfere as long as according to the department of justice, those states like colorado have strict enforcement regulations they follow. actually an escort at all times, just part of the regulations. i have radio devices on each plant in which they contract the inventories as it is grown. a 600 plus million dollars marijuana industry within the orders of this state this year nationwide illegal and legal, 20 billion according to jeffrey meyers. dagen: thank you for that. that might be the only segment all the crewmembers in the studio when they saw those photos, they started looking at the monitors.

i can legitimately say i have never seen that happen. adam, great, great reporting as always. she is a specialist in pain management, coming up to talk about legitimate medical uses for marijuana and if that will take off, but right now insurance policies under obamacare take effect new year's day, but problems with enrollment still continue unless people paid their initial premiums they will have to pay out-of-pocket for medical expenses and be reimbursed later. rich edson from d.c. with more. rich: one of the fixes in accommodation from the botched rollout of the website, insurance companies are giving customers until january 10 to pay their premiums. it is still too early to tell how well the insurance system is working and if they think they are covered actually are.

>> there's no question the massive confusion in december and obviously the total failure of the government's website healthcare.gov in october, november, means there are awful lot of people who showed up, who will show up over the next few days in the doctor's office and at the hospital, they simply won't be in the system. >> they'd knows the challenges saying health plans a working around the clock to process a high volume of enrollments they have received from the exchanges. while there are still some ongoing challenges including so-called orphan records where the files are never received, health plans a working to resolve those issues as quickly as possible so that consumers coverage can continue in january. more than 2 million americans have enrolled in private insurance plans, one officials

say how many have paid the premiums and how many of those new customers are the younger and healthier americans needed to make this system work. dagen: and him problems with obamacare not only hurt the credibility, but my next guest says it will probably hurt democratic candidates for a long-term, time to come. dream and now, deputy editor at the "wall street journal." the democrats are clearly worried about the impact of president obama's own failures so far, right? >> the democrats like in new hampshire, louisiana, arkansas, all of these senators running from basically states mitt romney carried, red states are going to be concerned about the long-term effects not only of obamacare, but the fact as everybody knows now president obama for at least a

year, one thing he kept saying about this new law is if you like your doctor, you can keep your doctor, if you like your health plan can keep your health plan. we now know for many people, that was false. not only was it false, they knew it was false when he was saying it. this raises the issue of the president's credibility. not merely on obamacare but as the president generally. the american public begins to pull back and say i can't believe the american president anymore, that the presidency has serious problems with its agenda. i think that is within the democrats are going to be watching. barack obama's approval rating continues to stay under 40%, which is kind of a tipping point for presidential approval. if this rollout creates more problems, house republicans starts talking about putting up repealing parts of it to a vote, you will find democrats beginning to join the republicans to push back against

obamacare. dagen: do we get past the point of being in power?g"@ >> extraordinary display of saudi arabia basically pulling back at the long-term alliance with the united states saying we are going go at it alone. last week they said they would ship $3 billion of aid to lebanon to bolster the army, the fact we are not doing anything. and you are hearing this all over the world, we don't believe the united states is going to be there when we need them. the syrian rebels feel that way. this has a generalized effect around the globe.

countries first of all, our friends start going back and the enemies start pushing forward and testing the water, so to speak, how far can they go. dagen: if you can't or won't lead on your signature issue domestically, what does this say to the rest of the world? the column was scary because if you read the list in the country problematic it is scary. russia, ukraine, syria and iran to name a few of them. >> egypt is now being run by a military, people talking about assad winning. meanwhile they're trying to group up with iranians were probably not negotiating in good faith. all of this makes observers back in washington watch the president trying to figure out what does he think he is doing?

these under prizes like iran while the rest of the world is really beginning to take shape especially china and relationship with its neighbors. that, i am convinced, go back to the presidents domestic agenda. how much clout does this president have, how much political capital to push through something like immigration reform were pushed back when obamacare gets i a moe trouble over the next six months. that is what makes democrats nervous. dagen: trying to tell the american people you don't know what you're talking about, it is really going well, will not work and hurts its credibility. >> these pches are going to suggest the law was inherently flawed from the beginning and if they have problems on the back end, keeps saying my premiums go up much more than i expected, this is just going to be like a slow death of

gripping. dagen: thank you. happy new year. we will see you in a couple of weeks. from a failed rollout to failure to sell, several nfl teams are facing a blackout on local television because the games are not sold out. as of yesterday afternoon, the colts, bengals, and surprisingly the packers all had thousands of tickets unsold. the teams have until 4:30 p.m. eastern time to sell the tickets or they will face blackouts in the local tv market. if any of the games are blacked out, to be the first playoff game to see that since miami hosted the baltimore ravens. 11 years ago. now 12 years ago. in 2002 is when it happened. maria molina is with us on that storm that is getting ready to whack the northeast. fiat moves to buy the remaining part of chrysler that it does not own.

more on the legalization of pot in some states and why this is far different from medical marijuana. are they legitimate uses for pain management? take a look at the oil market. [ male announcer ] this store knows how to handle a saturday crowd. ♪ [ male announcer ] the parking lot helps ♪ by letting us know who's coming. the carts keep everyone on the right track. the power tools iroduce themselves. all the bits and bulbs keep themselves stocked.

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dagen: an analyst at jefferies take a look at a few retailers. take a look at urban outfitters. lauren: this is certainly a stock we are watching today. upgrading urban to a buy. they see this as the turnaround story. doing well in multiple channels as you can see the stock is up about 4%. jefferies making moves for other retailers cutting both abercrombie and fitch as well as erol postel, both down one notc. moving down accordingly. as you can see, they are all moving sharply to the upside. 6.5% gain for ann taylor. they are getting upgraded and

price target getting upgraded as well. dagen: the first storm of the new year make his way to the northeast, a foot and a half of snow in some places. fox news meteorologist is live for us at the fox weather center. maria: you're right, i have foot of snowfall across southern new england. the higher accumulations. one of those right now in pace across the northwest with ohio, indiana and even into interior portions of the northeast. but there's also another piece of energy out across portions of the southeast, both areas merging later on tonight across parts of the northeast coast, it will conclude a lot of snowfall.

connecticut, rhode island, even down into portions of new jers new jersey. we are looking at some gusts up to 50 miles per hour. heavy snow with blizzard conditions. white out across the roadways, very dangerous if not impossible out here in some of these areas. the evening rush home and the overnight into tomorrow morning. expected in new york, connecticut and even down into new jersey. the wind will be a big issue, even further inland. excess of 30 miles per hour at times, widespread new jersey, connecticut and up into new england. dagen: thank you for that, maria molina.

marijuana going on sale for recreational use in denver and other parts of colorado, but what about legitimate use in pain management? coming up to talk all about that, and congress has done it again, no action on many tax issues. that means it could hit your wallet. and how the world currencies are faring against the dollar. [ me announcer ] this is the story of the dusty basement at 06 35th street the old dining table at 25th and hoffman.

...and the little room above the strip mall f roble avenue. ♪ this magic momt it is the story of where every great idea begins. and of those o believed they had the power to do more. dell is honored to be part o some of the world'great stories. that began much the same w ours did. in a little dorm room -- 2713. ♪ this magic moment ♪

[ male announcer ] evenore impressive than the research this man has atis disposal is how he puts it to work for his clients. morning. morning. thanks for meeting so early. co on in. [ male annncer ] it's how edward jones makes sense of investing. there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate.

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>> hi, everybody, happy new year. retired ex-formula one champ michael schumacher remains in critical condition following last weekend's accident in france that left him with a brain injury. his condition hasn't changed since he showed small signs of improvement on tuesday. 52 passengers finally rescued from the research ship trapped in antarctica ice since christmas eve. it took a helicopter to safely

carry the scientist and tourist from the russian ship to an australiaaustrian icebreaker, bl crewmembers are staying with their vehicles which has two weeks worth of supplies on board. the afghan president a failure to sign a key security deal would receive a big threat to the region. he delayed a signed agreement allowing u.s. troops to stay beyond the 2014 exit date for the nato mission. those are your latest news headlines. sending it back to you, dagen mcdowell. dagen: thank you, happy new year. it is time to make some money with charles payne. i saw what he was going to be talking about, i was like really, you have got to be kidding me. where is your camo? charles: i had two or three stocks to talk about, but which one would get dagen the most excited? cabelas. this cabelas stock i don't know why it isn't much higher.

they are firing on all cylinders. it is one of these names, i think, when you have the gun companies and these kind of companies, earlier this year we saw the fbi registration plateau. people trying to get the weapons permits and things like that. this company is so much more than just guns. it is so much more, the growth is so much better. they have 14 new stores. the stores are gigantic and they are selling per square foot 50% more than their legacy stores. dagen: there is one on i 70 eights, i always drive by it. i salivate. trying to get home. you like the market, not just the gun sale. charles: it is so much more than

just guns. it is hunting, it does everything. up 15%, same-store sales up 4%, the larger stores, 2013 i think it underperformed for what is potentially one of these names not a fickle retail name. a company with a huge fan base that is getting bigger. dagen: you know who i think shops there? varney. charles: no doubt about it. next time, what about me? i am on the set as well. dagen: i love you. happy new year. marijuana legally for sale in colorado for recreational use. and what you are seeing in the retail stores is different for

these people. is it legitimate medication or pain management? and chrysler now owned by fiat. what is the world coming to? take a look at the winners on the s&p. ♪ [ male announr ] this is the story of the lile room over the pizza ace at 315 cnut street. the modest first floor bedroom in talln, tonia and the dusty basement at 1406 35th street.

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dagen: at the half hour, this is what is coming up on "markets now." medical marijuana now versus the pot on sale colorado. is it a way to manage pain? come his pass the budget through but they didn't bother with numerous tax issues, could mean more money coming out of your pocket. we will have the latest on the storm tracking and the northeast after leaving a mess in the midwest. sony may be considering a deal with microsoft on new mobile phones. lauren simonetti at the new york stock exchange with more on that. lauren: i'm looking at both stocks, sony and microsoft trading in an overall down day. sony could actually be breaking its royalty to google android phone teamed up with microsoft to sell a windows-based phone. according to these reports, talks have progressed, and there is a prototype device that might be branded under the sony vaio line.

nevertheless it is reports and we will continue to watch this story. back to you. dagen: now take a look at the legalization of marijuana for medical purposes using it to relieve patients suffering with chronic pain. is this a legitimate use, a growing use? join me now, assistant professor at the nyu school of medicine. great to see you. i was just personally curious about this with the recreational use and sale of marijuana now okay and legal in colorado. is there a legitimate medical use for marijuana with 19 states of the lower 48 making it legal for that? >> there is a huge difference between recreational use and medical use. studies that show marijuana can be helpful for certain conditions, helpful in cancer, pain and nausea. but the danger here is that a

lot of people want to use it recreationally, but they may be trying to get it to the medical bypass route. if you get a prescription, take this much, take this off for this long. but now doctors don't have a guideline to be able to do that because there aren't enough studies, it is not fda approved so you don't have the risks and benefits to explain if it helped or not. dagen: is their attention and medical community before discovering better ways of using marijuana for pain management? >> some have been done in the past, and we had a prescription pill form of marijuana which people don't realize. there may be others in other countries, but those are already out there. it is a controversy in the

medical community because if you have the pills available only certain physicians can prescribe them. not everybody can do it. people who need it can get it. dagen: is it cancer related pain or aid related pain? is it the same way the smoking medical marijuana would? >> it is prescribed, but has more guidelines. the other thing to think about is different kinds of pains. think about if you come out of surgery for example, you will be better off probably with a shot of morphine than having somebody pass you a joint. we really do need the states to separate out what types of pain it can be helpful for and what may not be helpful for. dagen: which area of focus needs the most attention figuring out applications of drugs? is it lower back pain? most talked to treat form of pain?

>> other it was low back pain, arthritis, using treatments and cures for that, but we would not have found one so far. just things that can help with the symptoms. i think that is a little bit naive. we should do more studies, but i don't think you can expect that. one of my biggest concerns is because people are turning to medical community, it is sort of unfair. if you have a doctor who will prescribe you marijuana and get caught with it, you might be all right. but if you did it on your own, you might get arrested, that could change your whole future. see two very important point. the drug communities struggling with the abuse of legal legitimate painkillers on the market. >> that is my worry.

it has gotten so much bad publicity. we don't want them to go away, but at the same time because they have an harmful to others, you don't know what will happen. if people have severe pain, they are already on medications, this is not the first thing we are taking. dagen: it was great to see you. it is great to see you. congress may have passed the budget before getting out of town for the holidays, but lawmakers did not renew about 55 tax credits, lawmakers will likely receive the credit one by one, but for the meantime they could leave businesses and individuals in the lurch.

hi, peter. peter: more uncertainty in washington over the breaks. congress usually extends them, but did not get it this time. according to the tax foundation extending all 55 of them cost about $74 billion. a deduction for individual state and local sales taxes, deduction for certain college tuition payments, investing in new plant and equipment, and the ever possible research and development tax credit. >> keeping those provisions going. it is going to be a food fight on capitol hill as these things get voted on.

that is why they tend to vote on them as a package rather than individually because most of them couldn't survive if they were voted on an individual basis. >> the best thing is to support the grand bargain on jobs, infrastructure package together with corporate tax reform lower rates, get rid of some of the bad or unnecessary corporate tax expenditures but make things permanent. >peter: some have been heavily criticized by deficit hawks including faster write offs for racehorses under two years old. dagen: i need that, peter. broken up about that. great to see you, happy new year, my man. great work this morning. fiat buys up the part of chrysler that did not own. both automakers under one umbrella. the windy city starting to dig out after the new year storm

that is now linking the northeast, and step chat hacks. the risk involved when you invest your money in social networks. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the futurof trading. company profil a research tool on thinkorswim. from td ameritrade.

>> i'm ashley webster with your fox business brief. number of workers filing first-time jobless claims fall and for the second straight week

down slightly 339,000, that is better-than-expected 345,000, but the four-week moving average is the highest since late october. macy's and martha stuart living omni media have settled their breach of contract dispute over product branding. the terms are confidential and will not be disclosed but macy's says the settlement does not affect the outstanding claim against jcpenney. more than $8 billion came up on one of the first days of trading in 2014. they sell the stock on concerns of swollen profit growth with the t-mobile division. reporting fourth-quarter earnings next tuesday. that is a very latest on the fox business network giving you the power to prosper.

dagen: shares of fiat searching in european trading after the italian automaker announced it

will acquire the remaining shares of chrysler from the united auto workers union. so how much business does this cost the italian automaker company? jeff flock from chicago, right? jeff: not as much as you might think. i talked to the company said "i don't know how he does it, referring to the ceo of fiat and chrysler. how did he get this sweetheart deal. as you point out, how do we know it is a sweetheart deal? look at what the stock did in milan. up 13% today up 1 point, the largest gain it had in almost five years. investors take heart, they may call list as we go forward. take a look at the way you invest in it now, that also jumped today on this news. why is so excited about this deal? some people think they have a

sweetheart deal, what one analyst calls a spectacularly good deal. the deal is worth about $4.35 billion. fiat put up some cash. a distribution of chrysler money of $1.9 billion another $700 million of payment to the health care trust which owns the 41% of chrysler, so essentially they bought chrysler with chrysler's on money. a lot of people who helped, some have some concerns about that. dagen would say we have been working our hot off. we ought to derive some benefit from this. so i think they have.

>> got me off the street. dagen: standing out in chicago, watching the storm that is hitting that city in the midwest. i don't know how you're staying warm, but i hope you are not freezing to death. >> 20 degrees outside the with the wind chill, 80 miles per hour, feels a little bit more like six, this has been going on for about three days now. the snow has been a foot in many areas around the great lakes, the snowdrift building up to several feet, the snow plows are out on the road. entire fleet has been able to be out on the streets almost nonstop for the last three days and that is expecting to continue today into tomorrow as well as we expect to get much more snow. much more in a minute.

yesterday all of the snow caused 60600 delays. moving throughout today, expecting another eight to 10 inches on top of that. all the areas across the great lakes, the lake effect we get with the cold air moving across the lake picking up on the water vapor and dumping it all around us, expecting that and of course over the next few days it will not be looking much better. negative 8 degrees on monday. that is the high. dagen: thank you for the reporting period be well. hackers have expos usernames and passwords of more than four and a half million snap chat users. they have hacked microsoft video chatting service skype. posting messages on the webpage

claiming microsoft reading their e-mails. the constant threat of hacks and questionable surveillance programs, is this a sector worth owning in 2014? should you stay away from the social networking stocks? chief investment strategist in black rock, we don't like the social networking stocks, is this one of the reasons? >> it is based on some other factors. social media, some of the more speculative names in the internet space, this part of the market has gotten very expensive with investors extrapolating a lot of news. net companies trading 35 times trailing earnings, roughly double the valuation of the market, at the highest trading with seen since before the financial crisis, and i am less concerned about the hacking than the optimism of that space, leaving you a little bit nervous.

dagen: you do like some areas of text, do you not? which areas? select companies? >> would like the parts of technology such as hardware, traditional service providers, that are tied to corporate spending and capital spending. corporations as you know are very flush with a lot of cash on the books. we are seeing an acceleration with spending. these are the companies that will benefit from more capital spending in 2014, the valuations look much more reasonable. it is worth pointing out technology stocks are no more expensive than the overall market. one quarter of tech i want to be cautious about. dagen: the overall valuation of the market, you are comfortable with that, but that is given a range you have on the ten-year r treasury or the longer-term interest rates. if they go higher, all bets are off.

>> that is fair. i would describe myself as a nervous long. stocks will be higher, but a couple of assumptions. the first of which is better earnings growth. i think the economy is accelerating, so that is a reasonable assumption. the wildcard is interest rates. if the rise in rates is modest, the 10-year yield up 50 basis points, the market can live with that. a more pronounced backup rate not to hit for the stocks. dagen: i have talked about this, i want to know if it is legitimate or not. i worry about interest rates skyrocketing of individual investors don't want losses in the bond fund and people have laughed at me about saying the federal reserve is in control of it, but are they? something the federal reserve cannot control. >> this is an excellent point, this is what they should be concerned about. we know the fed will keep this

short end of the curve anchored and will be pulling back from asset purchases. that has already happened. how the individual investors react. if you have more aggressive selling that could result in a quicker backup in the rates, that would be a problem. one of the factors we will watch very carefully is mutual fund flows and the bond fund to show how individual investors responded. dagen: great to see you, please come back often, have a happy next couple of weeks. with black rock. energy in the face of the storm we have been telling about natural gas prices rallying. sandra smith coming up for the cme to give us all the details. look at the winners today on the nasdaq. [ male announcer ] nearly 7 million clients.

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dagen: cold-weather the hot topic for energy traders at the cme. sandra smith is all over the natural gas story. sandra: it is worth mentioning they made it in today, but the streets of chicago everybody's complaining like where are the snow plows. we are heating up our homes even more, taking up more natural gas primarily what the midwest uses compared to heating oil which is mostly used on the east coast. 20 degrees in chicago today, temperatures expected to drop below zero by monday.

we've got and 16 inches of snow in some parts of chicago since new year's eve alone spiking natural gas prices. natural gas was already the top performing commodity of 2013 up 34% for the year. already offer spectacular start. the second-best performing strategy already only two silver getting a big pop in the trading session so natural gas $4.31 per british thermal unit. while gas prices were rallying on the coldest start to a winter in over 13 years, we're now seeing it rally what could be the coldest start to any year in quite some time. 49% of the country uses natural gas to heat their home, the rest uses heating oil. they are actually down a couple% today, the reason for that is we have inventory report out tomorrow from the government, it is delayed until friday because of the holiday expected to see those numbers selected to be up which will be for heating oil

but the blizzard is coming your way and everybody will turn up the heat. back to you. dagen: winning by losing? the ceo of nutrisystem on how to stick to one of the top resolutions every year that people usually fail at, losing some weight. ale announcer ] this is the story of the little room over the pizza place on chestnut street the modest first floor bedroom in tallinn, estonia and the southbound bus barreli down i-95. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had thpower to do more. dell is honored to be part of some of the world's great stories. that began much the same way ours did in a little dorm room -- 2713. ♪ this magic moment

♪

>> looking at history, this is historic. these people came to be part of it. a big day. connell: like that guy said, legal in colorado. i am dennis kneale with cheryl casone taking you through the next hour of markets now.

colorado goes green for marijuana. we will take you to denver for the latest at the foot of snow blanketing parts of the midwest and causing hundreds of flight cancellations and the northeast is next. obamacare in full effect, over 2 million americans have enrolled, 1 million short of the target of 3 million. markets now. happy new year. dennis: holliday was fantastic. cheryl: site deegan 119 point loss on your first day back to work but the dow is doing, a fabulous year, 26% gain in 2013. i know you are the bull and it is the top of the hour, stocks every 15 minutes, lauren simonetti on the floor of the stock exchange. we haven't seen a loss like

this. >> the dow reversing year session lows, two gaze of -- two days of jeans. all ten indices we like are all negative right now. if you look at the dow components, only jpmorgan is slightly positive. walmart as positive as well. energy industrial technology, those stocks selling off the most and the vix index is copping to 1443, up 3%. that is the market we are seeing on this first january trading day of the year. i hope this isn't the case, as january goes so goes the year. cheryl: see you in a little bit. the lines are long. colorado open pro-business, in

denver, colorado. >> we want to look at how this is going to expand. the headline yesterday was the first day of legal sales, now is how this industry is going to skyrocket. i am in the middle of a girl room at medicine man which is the largest retail dispensary for marijuana in colorado. i want you to meet the man who created this, the owner, president, ceo, and the williams. you are in your second day of selling marijuana for the recreationally use with the specter of the federal government out there. they say they will lay off as long as colorado, washington state, recreational sales begin. do you expect the fed still honor that? >> i do especially after yesterday. waiting for the industry to stumble and fall and we didn't and needed the consumers. everybody acted just like anybody else that might buy a

liquor at a liquor store wine from a wine shop, you buy it, take it home and enjoy it on date night. >> this is expected to be a $600 million market in this state. nationwide medical marijuana and recreational marijuana supposed to be on $2.5 billion market in 2014. what is the potential, 14 other states over the next 14 years ago in to enter the marijuana world. >> 14 states are expected to go recreational, two more medical. right now one of every three people live in a state with medical recreational was on the book and it will be a tipping point. i used to ten years away. >> this row room here, and

40,000 square feet. $2 million investment to produce supply, and demand is a huge. >> demand is huge, it is increasing. 54% saturated. we have more people coming out, and it will not be for a while. dennis: i am not sure lost my isp and the controller was trying to talk to me but i want to ask about the hurdles. banks put up an obstacle for you why is that?oney. >> marijuana facility, money-laundering. this is a public safety issue. it is not our lives, and owners at risk but anybody around us that happen to be there or be robbed. this needs to be fixed by the

federal government and quickly. dennis: good luck on the second day of legal sales of marijuana for recreational use. not just the federal government watching the washington state which sometime this summer is expected to begin selling recreational marijuana or marijuana for recreational use. cheryl: adam shapiro, thank you. dennis: already becoming the bellwether for recreational pot use today but still a legal wild west out there and joining us with more, it cornwall, a professor at seton hall university school of law. thanks for being with us. i had thought that the idea of legalizing pot was going to remove $1 trillion spin on enforcement of the last 40 years and allowed no rules at all. sounds like instead it is going to engender a whole new wave of regulation. >> interesting point. certainly there is a push for even greater enforcement of the

existing drug laws pertaining to the illegal sale of marijuana. with the idea being if you are going to make the new recreational drug laws work than you are going to have to make sure people are buying from the legitimate buyers which we have to shut down the people who are violating the law. dennis: we wanted to know logger address people and put them in jail for the supposedly victimless crime and not spend that money but we will spend even more money on enforcement. $20 billion nationwide over the next six years at a time we had decriminalizing this stuff. the other thing is there is a difference even though it is illegal to smoke in colorado it is illegal under federal law. the current administration decided we won't hassle you. could president come in next term and utterly change that and decide we are going to go after legal pot smokers? >> absolutely. the new president could come in the first day of his or her term and decide we have been holding

back, taking a back seat, forget it, we don't like these laws, they are not working, concern too many miners are getting hold of this or concerned about gangs, things the fed said debris interested in and concerned about, the way these rolled out makes us more concerned than we have never been about these laws so to heck with it, we will start going after the dispensaries, the users, they can go after anyone and everyone they want to tomorrow. dennis: for the first time we have 19 states legalized marijuana so you have patient needs, millions of pot smoking customers that are registered with the government's. could the fed's goal after that? >> not only do you have those patient seems, the states in order to make the fed happy right now have to heavily regulated and one of the things they are supposed to do is create these tight regulations dealing with patient means so there is nothing to suggest that

the fed couldn't attempt to infiltrate those particularly with respect to the recreational users with a privacy related defuse are not going to be the same, raise some privacy concerns with respect to those using it for medical purposes and even though -- dennis: it is legal to light up in colorado, there are plenty of other parts of the system that haven't changed. for example the irs makes it illegal for a pot business to deduct the cost of business as every other business is allowed to do. >> they can't deduct anything at all, absolutely true, also talk about banking rags that exist federally make it very hard for people who deal in marijuana to intersect with the banking system at all, talking about cash business. these are dispensaries that will be holding lots and lots of money on a cash basis.

that is not optimal. dennis: might be good news for the guys imbibing in colorado today, the start of a new regulatory and legal mess. thank you. we appreciate it very much. insurance policy, insurance policies purchased under obamacare took effect new year's day but problems with enrollment continue. insurers say unless people pay their initial premiums they have to pay out of pocket for medical expenses to get reimbursed later and many people have concerned they won't get coverage at all. rich edson joins us with the sea from more. >> we will find out how all this new insurance works. the administration at discount is 200 private insurance plans, 4 million are eligible for expanded government insurance like medicaid. additional 3 million younger than 26 are on their parents' plan and various reports a 5 million of lost insurance

because of the law and one health analysts question whether it these millions of new enrollees will have coverage when they go see a doctor. >> we are going to see as the month goes on more and more reports from doctors's offices saying we don't know what to do with these people. we need to treat these people but in fact they think they have insurance, we checked with the insurance company, they don't have any record than the federal government can't help us. i would say over the next three weeks we are going to see increasingly bad news for an awful lot of people. >> there are some other unknowns. official state the mix of young healthier customers to older sicker ones. also unclear how many enrollees have paid their premiums. insurers set a deadline of january 10th and insurance companies say there are still problems with the exchanges giving accurate information from

those who have selected an insurance plan. dennis: thank you very much, rich. cheryl: shares of apple taking a hit after wells fargo downgraded the stock to market perform from outperform citing concerns about further growth in the company's gross margins. on the flip side many others have picked apple as their stock of the year. let's bring in jim laventhol, president of asset management, you and i were talking about apple for years. you are saying this is a long-term play, ignore wells fargo and your opinion on apple. >> they may be right about gross margins but they are missing the bigger picture, the volume of all their product will grow and the china mobile accentuate that. cheryl: what about the year? >> over is the month in one day they are down 2%? you are right. it was a tale of two have.

the first half stunned and the second half was quite good. that is a good chart looking at this over the last six months and these dips are aware people lose faith, they use a wells fargo analyst report as an excuse and a coming and here is what, $500 million market cap, $150 billion of that net cash, when you back up the cash trades eight times earnings. cheryl: other names you like, a big bet on technology, the next sector picks for 2000. ibm is one of the company's you like. ibm down 4.5%. >> we buy them when they are cheap. let me give you the bigger picture because you have alluded to it. this is going to be a year of sector rotation. this is the time i think you want to take money out of the high-flying names, telecom names, cyclicals that have flown

high like the airlines and recycle them to ibm. this is ten times next year's earnings, ibm is not going anywhere. this is the time you want to buy, 2% dividend yield, you can we afford to grow again. cheryl: "countdown to the closing bell" there will be a debate on ibm so have to call you back and talk about this a little bit more. and compare this if you can. let's compare the two because if you look at it until versus ibm different story, the interday up one year. >> one year obviously intel has done a lot better. intel is further along in its re-emergence, starting to get its ships into tablets and getting its chips into apple electronics so that is very big. ibm is not that far behind. there is room to run in tel. it is the sectors toy. cheryl: cheek tech, large, energy, cheap names in energy, kick it off for chevron.

you say this is a play in 2014. >> chevron is functionally the same company as exxon mobile. those who take exception to that but it barely is. let's think about it this way, still trades at 10.5 times earnings, 3.2% yield and 1.5 times book value so my main comment with chevron if you are exxon mobile this is a better play, this is one third cheaper than exxon mobile. what i like and hope you will put up is bp. cheryl: if you insist, whatever you want. it is your day today. there we go, put the two together. >> this is in the rearview mirror by three years, bp is as big as well regarded a company as royal dutch shell as exxon mobile or chevron texaco and trades at book value. you never get that. don't buy it at book value. i can't make it any clearer. cheryl: i want to say you like

basic materials, dumont mining down 50%. give this to our viewers, a lot of this is based on gold prices in 2013 which was rough and use a this is a jeep name as well as -- thank you. >> you promised to bring me back any you to revisit them. cheryl: because you will be right. all right. dennis: blinking at a blizzard. the first snowstorm of the year as the northeast bracing for a foot of snow in subzero temperatures and you won't believe meanwhile how many new laws are taking effect this new year and it is bugging the heck out of me. tweet me. welcome bac how is everything?

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some numbers for the holiday season and see how retailers did and upgrades for retail sector, lauren simonetti, we got to show macy's. >> macy's to the downside but not j.c. penney, sharply, martha stewart, and the company and macy's, and an exclusive deal. and to sell product, cooking, bath products and macy's stores. and the store within a store concept in j.c. penney and all these lawsuits. and stocks are trading based on the ms the deal, you don't have specifics. cheryl: thank you very much,

bottom of the hour. dennis: too many new laws. the new year has begun, a total of 40,000 state laws are taking place. and passing two new laws. day, 365 days a year. 237 years old and all the laws we need would all be be in place by now but no, ill. past 200 new laws, banning kids from tanning salons, something parents could handle land and cellphone use while driving, the bands of cause more texting accidents in some states. and hidden tax increases. in colorado you have to pay a new $50 annual fee for driving an electric car. it is not easy being green. employer must provide two weeks of paid leave when a worker's

relative dies. in rhode island businesses no logger can rule out job applicants because they're convicted of a crime. don't you kind of want a business to exclude ex-con this when dispatches a repairman to your home? it is all government overkill. tweet me, 40,000 new laws, is that a measure of government success. cheryl: 52 passengers trapped on a russian ship, antarctica, finally rescued the details up in a few moments. and walmart, pulling don king the off shelves in china because it contains animal meat. ♪ [ male announcer ] this m hasn accomplished

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>> 25 minutes past the hour, this is your fox news minute. israeli prime minister ariel sharon is in critical condition. the 85-year-old has been in a coma since 2006 when he suffered a major stroke. hospital director says the family is at his bedside. 52 passengers are finally rescued from a research ship that has been trapped in antarctic ice since christmas eve. and helicopters a fleet carrying the scientist and forced from the russian ship to an

australian icebreaker, all 22 crew members are staying with the vessel which has one week for supplies on board. senator john mccain and several lawmakers were earning the afghan president hamid karzai failure to sign a key security deal would pose a big threat to the region. hamid karzai delayed finding an agreement which allows u.s. troops to remain in the country beyond the end of 2013. those are your news headlines at this hour. i am jamie colby. cheryl: time to make money with charles payne here to talk about market drivers for 2013-14, specifically the global economy and exports for the united states. charles: it has been huge. and one of these guys who like oil. apple does 66% of his business.

exports, $2 trillion in exports, that number will only go higher. you see it in an array of things like soybeans is a record, $28 billion, 1.7 million bushels outside this country, china, mexico, japan, those kind of places. right now lockheed martin and all these companies trading at all time highs. you wouldn't think with the winds down of iraq and afghanistan, sequestration, but look at the sales around the world are absolutely amazing. contrast 2008-201170% of the developing world. is a 50% of previous three years. let's talk about refined petroleum gasoline products. in the last year's sales up 60% to west africa, 52%, north africa. and 30% in asia.

the only area down, these amazing profits and amazing opportunities and doesn't get enough income. >> you are betting the rest of the economy to having the u.s. economy in 2014. charles: the rate of growth is significant, and the beautiful thing is it creates opportunity, and whirlpool announcing they would bring back manufacturing these giant commercial laundromats. that is good news. and the global economy they don't talk about enough, exports and company's overseas sitting on the books outside, and create

more jobs here. cheryl: u.s. multinationals is what i am hearing. thank you, charles. dennis: allan bloom in the stock market could give a boost to the housing market. cheryl: we are currently welcoming the first snowstorm of 2014 or not. looking live at cleveland and this is what the northeast was bracing for, blizzard conditions, bone chilling temperatures. janice dean has a forecast. as we go to break we look at the winners of the s&p. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve proble dad, it says your afib puts you at 5 times greater risk of a stroke.

that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... .was proven superior to warfarin at reding the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa 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 signs of bleeding, like unusual bruising. pradaxa maincrease your bleeding risk if you're 75 or older, have a beding 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 about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib

not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa.

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first-time homebuyers in the new year. the first snowstorm of the new year has parts of the northeast bracing for blizzard conditions. we have the latest forecast. day two of your new year's resolution, have you scrapped them yet? losing weight is one of the top ones. the ceo of nutrisystem is here to help us stick to the promise for the new year. let's go to the floor of the nyse and lauren simonetti. what you got? >> happy new year, dennis. let's look at big movers today. newmont mining is an interesting company. this was the number one loser on the s&p 500 last year and it is one of the winners today up more than 3% in a market hitting session lows as i speak. bank of america, ann taylor and apple are all moving on analyst comments. bank of america getting an upgrade. ditto for ann taylor, getting a downgrade at wells fargo. finally, medbox, this is a redbox for prescriptions and

marijuana, dispenses marijuana and all sorts of forms in states including california, colorado, canada, arizona. anyway, this stock is rocketing, up almost 50% on what is going on in colorado today. dennis, back to you. dennis: thank you, lauren. cheryl: well the rally in the stock market over the past year may fuel a boom in first-time homebuyers. both residential and commercial real estate markets are keeping close eye on millenials this year. we have pwc real estate advisory practice head and he is right here. they're the story of 2014. you just complete ad huge annual survey of a thousand people. all about the kids. what is going on? >> baby boomers had children, millenials. if you look at the demographic pie, the biggest wedge of the demographic pie 15 years and older is the millenials. cheryl: they are ones not buying, renting. >> they're moving out of parents

house. graduating from college and graduating with a lot of debt and opting to rent versus buy. they may not have down payments. cheryl: also younger, married couples. families being created but are not going out and buying. >> household formation, it is not necessarily, just moving out of the parents house. cheryl: apartments to rent, for commercial real estate companies. there will be more building this year. >> correct. cheryl: let's look at cities. we were looking at the population in certain cities like san francisco and new york city, seattle. those are the top three markets for urban centers. millenials want to go to smaller urban centers. >> millenials want to go where jobs are. they are not tied where they grew up. they're tied to where the economy is booming. we're looking at cities, techs in texas. big technology hubs and state of texas. that is where millenials want to go. cheryl: cities with growing millenial populations, not a

surprise, houston, dallas, austin. san antonio on that list as well. >> yep. just place that is you wouldn't expect and it is just because there is job creation there. cheryl: you also say that with regards to urban areas, they want to walk. >> yeah. cheryl: they're not buying cars. >> most interesting thing we found in the survey, kids, i think of my own kids, they're counting down days they get a driver's license. that is not going on in america. what is going on in america, children graduating from college with lot of debt. car loan they don't want it. they live where they don't need to drive. a work, play dynamic. cheryl: you did the survey every year. back in 2010, sentiment was 18%. >> right. >> came in at 68% for -- >> what is most amazing jump from this year to last year. positive was 56%. then it jumps to 6%. that is what real estate market

participants feel for 2014. that is about as bullish as you can get. cheryl: even with interest rates, we know they are going up. they will continue to go up. that is not a concern? >> we did a lot of work for is say as interest rates were going on and taper tantrum and all the noise out there. what is interesting about availability of credit, not necessarily the cost of credit. we added a lot more homes and lot more commercial real estate supply when rates were considerably higher than they are today. cheryl: for 2013 real estate investments were very strong. we saw a lot of apartment building and frankly retirement homes. aging baby population. they're moving out and moving into retirement homes, is that fair to say? >> warehouses were big. even retail is coming back from a development perspective because we haven't added to supply and demand is there. as households formed and new communities are created, you need retail to support the communities. cheryl: a lot of strip malls in arizona have been empty for several years. >> starting to fill back up,

absolutely. cheryl: mitch, happy new year to you. >> happy new year to you. cheryl: dennis? dennis: you know the storm is going to be big when we do a logo for it. parts of chiiago getting hit with nearly a foot of snow, grounding 600 flights at airports yesterday. we're in the storm's path next here in the northeast. meteorologist janice dean is standing by in the weather center with the latest. janice. >> snow day, the kids say, yea i get day off tomorrow. in new england we get the jackpot of all the snow. what have we got going on? we have a low across the gulf and a low pressure across the ohio river valley. two sources come together to merge up and give us the first nor'easter of 2014. look at it. snow is flying across portions of ohio and up towards pennsylvania and new york. mainly rain event for southeast but cold air will pour in. we could see snow fluries as far as south as south carolina. 9:00 p.m., 26 in new york.

14 in boston. snow will continue to fly. even if we don't get a huge pileup of snow, wind will gust up to 50 miles an hour. liz and-like conditions for long island towards cape cod. that continues into overnight and tomorrow f you're driving be extra careful. if you're flying call ahead. we'll see delays and cancellations at the airport. i will lose my voice right now, dennis. i will throw it back to you. dennis: thank you very much, janice dean. >> you got it. dennis: new year's media minute, "the new york times" and the china syndrome. stock pops on rumors a china invest may bid for the company. stock has been down a little bit. it has more than doubled in the past year roughly. "the times" denies the report but has already one billionaire investor, carlos slim from mexico and possible chinese bid was first reported in "the new york times" itself. and that didn't take long. walt mossberg and kara swisher, who just quit "the wall street journal" and "all things d," won the backing

of nbc universal for new conference company. they're calling it recode with the/in the middle. "all things d" meep while may disappear. first round of nfl playoffs is set to begin this local blackout could descend. green bay packers have 13,000 unsold tickets for home playoff game yesterday. cincinnati bengals and indflap police colts are blocked out in their home markets. they have 4:30:00 p.m. to figure that out. cheryl: brokers in new york city starting to sell super bowl tickets. dennis: super premiums. cheryl: super, super premiums. dennis: capitalism, baby, or scalping. cheryl: losing weight a top new year's resolution but sticking to it is nearly possible, for some people. nutrisystem's ceo is here to help you follow through with that big goal. dennis: gas prices end 2013 at

$3.49 a gallon, the lowest national average for a regular gallon since 2010. phil flynn will tell us which direction prices are headed this year. first, let's look at 10-year treasurys. [ male announcer ] onc there was a man who found a magic seashell. it told him what was happening on the tradg floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their tding platform. ♪ [ indistinct talking conties ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your trading platform with think or swim from td ameritrade. of the dusty basement at 06 35th street

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dennis: time now for your fox "biz brief." u.s. manufacturing grew slightly lower pace. ism manufacturing hit 57.0, matching estimates. that is down from november's 5.3 reading. the number of workers filing first time jobless claims fell for the second straight week, down slightly to 339,000. that is better than the expected 345-k, that the four-week moving average rose to 357,000. that is the highest reading since late october. u.s. construction spending rose at the strongest pace in nearly five years last month. the commerce department reports a 1% increase in november from the month before to a annual rate of $934 billion. spending on single-family homes jumped 19%. that is the latest from fox business, giving you the power to prosper.

dennis: it's awe new year. at the top of everyone's new year's resolution list, losing weight. looking to cash in on the annual trend and help you shed pounds are companies like nutrisystem. dawn zier joins us now. like millions of other americans trying to lose weight, your company on turn around mission. for you guys it is about fattening up rrvenues says here. >> absolutely. dennis: so one of the dirty little secrets of the diet business, you guys, recurring business really relies on failure, doesn't it? over half of people who lose weight never keep it off and go back to nutrisystem? >> people struggle for weight loss. they go often multiple times on weight loss journey. it is about behavior modification. we teach people to keep weight off through portion control and

eating our food. our best customer actually is one who is successful. they become a brand ambassador for us. dennis: brand ambassador. nothing like good ol' word-of-mouth. what is the most important thing -- you've got a new product called the fast five, that gives you a head start. tell us about that. >> fast five. research shows if you're successful in the early part of weight loss journey, lose percent five pounds quickly you are likely to have long-term success. we designed a special product geared to help you lose five pounds in the first week. dennis: i'm more encouraged. i see result flexes a little bit. >> motivation. dennis: the five pounds may not make a difference i want to. talk about portion control. we all the ads on all the time on big exercise programs, insanity. the really most important thing than exercise to stop eating so much, correct? >> i think exercise certainly has its place and is important to long-term sustainability and maintenance of weight loss. the real terrific to losing weight is controlling what you eat. dennis: how do i reduce portion

size when it turns out i'm hungry? >> it is hard. it is hard because people don't understand what the right portion size is. our programs like structured weight-loss programs that show you, size of your palm is different than size of my palm and people say eat size of your palm, fish or chicken. portion control needs to be done by experts. dennis: do i end up less hungry as i reduce portion size? am i less hungry five weeks later on the portion when i first reduceed? do i get used to eating less. >> you absolutely do. our foods are specially formulated to curb hunger. we have special shakes which curb hunger. we have other shake that is boost your met tab level. there are a whole system of helping you begin the weight loss journey to stay on it. dennis: where do you fall on the carb thing? >> not anti-carb at all. good carbs, bad carbs, eat once with the low glycemic index. dennis: low glycemic index.

95% of the sales come direct not through retailers. you have the deal with wal-mart that could double 5% of sales up to mere 10%. how will retail be a channel for you? >> our goal is to be where the customers are. we'll be where the customers want to order. go to retail and order, we're fine. if they want online and call in. retail is an important expansion channel. we expect revenues to double next year. we have new products available in walmart as we speak. dennis: is walmart exclusive and branch out to others? >> we're testing other retailers in the spring. dennis: start out with walmart as first account is quite a win. thanks, dawn. happy new year. cheryl: congratulations, south carolina and your drivers. the state has the distinction of having the lowest gasoline prices in the country for 2013. in the nation overall, saw its lowest prices at the pump in three years. let's bring in phil flynn from the cme. he is there in the trading pits. what can we expect for this

year? what is your overall forecast, phil? >> let's ring in lower prices for new year. it will be probably be a new year and new era for lower gas prices of the credit the u.s. energy industry. we're producing more oil and expanding refining capacity. we're able to produce more gasoline than we have than before and demand is getting weaker. the outlook for prices next year looks even better than next year. we can see the national average fall as low as 2.37. we're getting off to a new trading year at a good start. look at oil, down two dollars. that is good for oil prices. we're seeing a big drop in brent crude. that helps gasoline prices. we're seeing rbob futures down six cents a gallon. we're starting off way we ended with lower prices. back to you. cheryl: phil flynn, thanks, phil time for the west coast

minute. the faa decision to award nevada drone designation could mean to 12 to 15,000 jobs in the state. senator harry reid sees it as a hotbed for commercializing the and they have just 180 days to get the first drones in the air. faa wants drones in the air in september of 2014. it has to be up and operational by end of this year. should have said 2014. i wrote it, my bad. in washington state boeing is preparing for a key union vote. that is set for tomorrow. boeing machinists will note yea or nay on a contract that will freeze existing pensions and deny fixed pensions new employees. boeing said if the contract is approved it will keep production of the new 777x in that area. that will be a big vote. boeing is one of the few stocks in the dow trading higher. seattle is seeing big influx of visitors thanks to a chinese

movie. the movie, "finding mr. right" about a chinese woman who comes to seattle to find the perfect guy. the city film is bigger than the "sleepless in seattle" for the city's tourism. there is 90% increase of tourists from china. that is big. that is the west coast minute. dennis: sounds like a plot out of ""jackass"." donkey meat is pulled from shelves in china, showing the meat is tainted with meat from another kind of animal. cheryl: speaking of china, look at wynn resorts. there is somebody that benefited from there. we'll be right back. ♪ [ cellphones beeping ] ♪ [ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors.

good, good. good over $700 billion dollars in assets under care. let me just put this away. [ male announcer ] how did edwa jones get so big? could you teach kids that trick? [ male announcer ] by not acting that way. ok, st quarter... [ male announcer ] it's how edward jones makes sense of investing. ♪ just by talking to a helmet. it grabbed the patient's record before we even picked himp. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and adiums. but, of course, 's a good listener too. [ female annncer ] today cisco is connecting the internet of everything. so everything works like never before.

dennis: 40,000 new state laws on the books this year. it is what is bugging me. here is what some of you had to say. pete, 40,000 new laws, government success? no a measurement of government running amok. tim says where the government control of our lives will end? next thing they control what we eat and drink? that is irony. william, sure, that is what government does best. finally, pittsburgh says, media report on least productive congress when we already have law overkill. this is poor grading system and i agree with that guy. cheryl: chinese walmart stores are recalling donkey meat after government tests showed it contained traces of fox dna. they will refund customers about $8.25 for the spiced doing can i meat. and ramp up own retail meat sold in chinese outlets.

walmart has been under fire for chinese fade safety practices. they found evidence of expired eggs in baked goods. dennis: a few fireworks, more fizzle as the dow rings in the new year. the dow is down triple digits. cheryl: axle merck will be here with the 2014 portfolio strategy. "wall street journal" called him one of the few brave investors. where he is placing his bets now. dennis: they're lining up in colorado. recollection creational marijuana sales now legal. next the company looking to cash in on pot tourism. a long, strange trip for just $1500 a pop. ♪ ♪

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ashley: had been new year. buzz kill, long lines, legal weed, stocks down big and winter weather black running the east coast. i am ashley webster. lori: i am lori rothman. at the new year. it is legal but you have to wait for it. lines stretching around a block as colorado unveiled the first marijuana industry. ashley: there are those who are looking to cash in, high hopes for a pot tourism, matt brown, forking out $1,500 a pop for his sold-out we'd tours. lori: more robust than a bag. they hangover on wall street with the dow on track for the first down trading day of the new year since 2008. ashley: an impending blizzard turning into a wet blanket, bone chilling storm which could drive the 18 inches of snow on bo