the competition. [closing bell ringing] david: the bells are ringing. looks like we'll hold on to the triple-digit gain in the dow. this is the fourth day of trading in the year 2014. the first three days were not good. not so today much. as we see all of the indices in the green. the dow is up over 100 points. it is up 103. looks like, who knows it could settle in double digits. sizable gain on the dow and s&p. nasdaq doing best of all, up almost a full percentage point, 39.5. the russell 2000 is up almost again, a full percentage point. a very good day. the fourth day is the charm here on wall street. 2014. get ready, "countdown to the closing bell" starts right now. david: so let's break down today east market action. we have lance roberts, from sta

wealth management, ceo. he said the bull market has run its course. he will tell you the best way to hedge the risk in case of a correction. larry shover joining us from the cme. larry, i want to start with you. the fourth day as i said is the charm. we were worried three days in a row during the first three days of 2014. what turned it around today? >> hard to say. we had a good and fitting attitude adjustment. after days of doom, dread, dithering, drama, suddenly it gives way to a market we've seen many, many times in 2013, with broad participation among all different asset classes. we've also seen not many shorts being laid out in the market. any kind of weakness we've seen is met with very, very good demand support. nobody seems to know. seems like the drama has run its course and we're back to market or business as usual. david: lance roberts, how many times have we said this market reached its peak.

time for the pullback. it ain't going further. lo, what happens, it goes up again. how many times has that happened? >> it has happen ad lot last year. that is kind of one of the things i was talking about this year, 2014, is last year we didn't really have a correction of any magnitude at all which is highly unusual. so it is very likely sometime this year, by the way we're in a midterm election year which normally sees 10 to 15% corrections in the second and third quarter, we could very well see something like that this year, completely normal. to put more money to work at a better valuation level. david: talk about money, do you suggest everybody sell everything right now and go in cash? >> no, no. i would never recommend that at all. as we talked about before here, david, you and i in particular, we talked about pruning the garden, being a little bit prudent. taking profit out of the winners and trimming off losers and laggards. that is always a good risk management. that gives you cash to buy stuff

when things are cheap. remember we're supposed to buy on dips and sell on rallies, not vice versa, right. larry, what is it about markets right now? they seem to be waiting for a clear signal, whether that signal is the jobs report on friday or minutes from the last fed meeting. earnings season, coming out in a couple weeks, what is the market looking for right now? >> i think it is a combination of all of them. add the ecb as well but most importantly it has got the fed minutes tomorrow. as we know, most of these fed minutes proven to be semi hawkish or you could decipher them to be hawkish. that aside i think the market is comfortable with the fact that we are going to continue to taper. probably ending taper by end of 2014. it will be interesting to see the appetite the market has for any kind of a extracurricular talk with regards to changing the threshold for unemployment or innation floor or, excess reserves interest rate cut. that is what we have to look at.

that is what the market is waiting to see what happens. i'm shocked that we're as high up and as strong as we are today, given all the moving parts we'll see tomorrow. but so be it. david: lance, we don't have to wait until tomorrow. we heard from the san francisco fed president john williams. he's saying all of the tapering will be done by 2014. that is within this year, we will see the end of this extraordinary bond purchasing program of the fed. do you believe that? >> well, it depend on a lot how the economy and markets really react. david: to be fair, hold on a second, excuse me, just to be fair to john williams. >> sure, sure. david: he said the same thing. he said if the economy continues to improve, we'll see the end of the tapering for this year. go ahead. >> and i think that's exactly right. if we see a retracement on employment, if we see a big stock market correction, the markets have really liked this liquidity push and if we begin to extract that and the markets

are not able to deal with that i think we'll see the fed stay in longer than expected. as long as things stay on current trend very possible we'll see that. if you look at personal consumption expenditures they're on a decline on annualized basis. retail sales decline on annualized basis. fixed investment really follows the two trend very closely. we don't see those pick up, it will be hard for the economy to get traction necessary for the fed to get out of the way. david: another thing on the decline, lance, emerging markets, they have been hit much harder by taper talk than our markets have. have they reach ad bottom or do they have more to fall? >> i think that is the interesting thing. i think if we get correction sometime later this summer, we'll see some real hated sectors of the market really play in. staples and utilities, fixed income and emerging markets, as well as gold miners are oversold we could see a counter trend rally sometime this year in those assets. david: well, staples, you have some specific stocks. you're talking about p&g,

proctor & gamble, coca-cola, ppg industries. >> right. david: what makes you say they have been oversold? i still see their record for the year 2013 as being pretty impressive? >> you know, really is but if you look at the utility sector and proctor & gamble and coke and those types of companies they're strong dividend yielder and they will catch money flows, if the market gets spooked for any reason this year, money will flow out of technology stocks like twitter and netflix and th3 like that are excessively high valuations and they will look for companies with good strong dividend growth and good strong fundamentals. that's why i like the old boring companies. they're great hedges against market volatility. david: by the way, very quickly, lance, you see the pullback coming, when? timing is everything. when do you see it coming? >> this summer. david: this summer? hang on until then? >> yeah. david: lance roberts, larry shover, thank you gentlemen. good to see you both. stay warm. >> thank you. david: the world's biggest

companies, brightest mind in tech are gathering in las vegas this week for the 2014 international consumer electronics show, the ces. more than 3,000 exhibitors will be showcasing thousands of products. everything from 100-inch televisions, movie producers having breakdowns, 3-d printing, the latest in smartphones. in the heart of it is our very own liz claman. liz, what do you have coming up in. liz: we don't need know stinkin' teleprompter, let me just tell you that. here at the consumer electronics show there is a trend to go smaller and there's a trend to go bigger. check out this big, bad, what is this? can you believe this speaker by supersonic? you remember the movie spinal tap, you guys? this one is an 11, right? you remember that? this is all different kinds of consumer electronics here. we've haddance absolute panoply of superstar products when it comes to what is very hot. this story we began with lenovo.

first on fox business they showed us their tablets. the yoga tablet is incredibly popular. they came out with two brand new ones. there is a new onee 3-d printer by makerbot they will want one of these in every home and classroom. we had reed pettis of the company exclusively on fox business. the cure very televisions that is a hot trend. and seen any tv talking about the wedge and 4k. a bunch of chatter and the big question, will consumers snatch these up? david, i'm excited, we have an exclusive with cox communications. cox wired, this entire floor, i'm talking 1.9 million square feet of the consumer electronics show of the they did it for wi-fi. they got the contract. they have done a beautiful job. we'll talk to pat easier about that. will they make a play for time

warner cable. we'll ask him that. renee james, first on fox business, president of intel. did you hear intel brought out a baby. won't tell you if it is real or fake. but i have the baby. they used it to display the brand new wearable technology called edison. bob pittman, first on fox business, clear channel i-heart radio. radio is cool again according to bob pittman. a big challenge, david. you like pandora, spotify, a lot of challenges out there. we'll see if you a few minutes with all the breakouts. david: bob pittman's high-end tequila. ask him about that. love that stuff. >> sure will. david: janet yellen is officially confirmed as the next federal reserve chairman but with record low support from the united states senate. coming up next former representative ron paul tells us why he thinks yellen will be more excessive in money printing than bernanke was. what that means for the ending tire economy. you don't want to miss dr. paul

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if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com. so ally bank has a that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. n't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. david: shares of gamestop are getting hit following big sony news at ces. let's head back to nicole petallides on the floor of the new york stock exchange. what is going on, nicole? >> there is news at the consumer electronics show in las vegas

turns out sony unveiled something not good news for gamestop. gamestop down 8% on a new streaming game service. for playstation 3 and playstation 4. this is playstation now, you can download games and the like. that does not bode well for software sales for a company such as gamestop. as a result we saw gamestop quickly selling off. stiffle nicolaus quickly cut the rating to a hold from a buy. the process of software sales have worsened. that is not good news. dave, there are a lot of manly men at new york stock exchange and you should see thousand they're getting ready to brave the cold out there. these guys are bundled up. eyes showing. david: nothing against us, nicole. you can brave this weather. >> they are bundled up, they are so weather. david: you could brave the weather without any problem. general question about the market. do you think this is the first gain for 2014. does it continue? were they hopeful about that. >> the fact we move to the

upside, first up day in s&p 500? we had back and for the action. a lot of bond outflows as well. a lot of people think this year will be a good one, maybe not as great as 2013 but still seemed positive. david: triple-digit gain, first one of 2014. thank you, nicole. this year's national ces has a million, 1.9 million to be precise of square feet of exhibit space, more than 3,000 exhibitors. that requires a lot of bandwidth to make all the gadgets work. who did they trust with the job? liz in las vegas? >> david, let me tell you that, actually where it is, 1.9 million square feet, a total of 3 million square feet that need wi-fi, there is so much rf, radio frequent sir, i'm sure if we turned the lights off our entire crew would be glowing inside but who could actually pull that job off? of all the companies that could be chosen to do it, the world's number three cable company, cox

communications got the job. pat esser in a fox business exclusive speaking with us. >> wonderful to have you here. liz: what a challenge of a job. how did you pull this off? >> i personally didn't pull this off. my team did. liz: you weren't climbing up on a cherry-picker? >> no, i haven't done that in a few years. las vegas visitors authority run the las vegas convention center and number of events in the market. working with their request from their team and request for proposal and expectations they have the team did an incredible job. we actually rewired the entire facility and we're powering ces right now. liz: that is amazing. what message do you want to send? clearly you're a cable company but you clearly want to message to be sent that you can tackle jobs such as this? where does it lead you? >> our services business is $2 billion. it is a big business for us. we're used to handling major clients with major expectations this is another important customer to them. we made commitment to them and

plan to deliver on those. liz: you also have technology. of course you have apps that are making ability to watch anything anywhere in your home because of course i'm sure your customers are demanding that now? >> last year we were out here. we rolled out product called con ture, which is personalized video engine. it's a huge success. at that time we were first. we pioneered the product on an individual level. it learned what you watch and gave you back recommendations. the middle of 2013 we rolled out what i call the contour set top device. six-tuner dvr. stores a thousand pieces of information. after that we rolled out second screen experience with a recommendation engine that learns what you done on second screen and primary screen. i will give you a factoid that is unbeliveable. in the month of december we collected 120 million learning activities for o that helped give back to them the kind of information they need to choose product and services they want to watch and over a million times they

consumed content they got from recommendation engine. liz: does anybody read a book anymore? so much watching of television and consuming. it has become a very strong relationship and that makes me wonder, if you can do that, you need to grow, do you want a piece of time warner cable? we know charter has put in a bid. we know comcast is interested. the third seed, cox. >> well, first off, lots of speculation, lots of rumors and we're not -- liz: now is your chance to clear it up? >> we'll not add to speculation and rumors. one thing we had rumor or story cox is for sale. up front, cox communications is not for sale. >> want to remain independent? >> we want to remain independent. the family believes in it. we're important part of their portfolio. liz: don't you have to grow by acquisition? >> we grow a lot of different ways. business services is growing 13, 14% a year. our broadband business continues to grow. since we launched contour our

video business has been the best in four years in the last six months. our business is growing. our employees are doing a great job and customers are responded to it. liz: are you thinking cable will link up with satellite those kinds of deals? >> i'm not sure. i think cooperative efforts will come more from third party developers who are innovating on our powerful network. our network path has almost 10 million residential homes and business in the u.s. more likely we'll partner with third party companies to bring apps and solutions on the network. we'll see that going. liz: haven't cable companies become broadband infrastructure networks? everybody wants high-speed internet access through their cable company. >> they do. 56% of the market chooses us every day. we have a great product. the market's very happy with our product. we continue to invest in the product. this year alone we increase broadband speeds nd bandwidth. we'll do it again next year. as long as we keep making invests and our people keep

doing their jobs i think we'll keep growing in the market. i think next thing you will see is more cooperative efforts in the market. that is the thing to watch. as the cable industry works together what can we do to bring new products and services to market. liz: i can see the minnow swallowing at whale. if you make a play for time warner cable come back on fox business. >> i promise i will come back if that happens. liz: the president of cox communications first on fox business exclusive. thank you very much. >> thank you, liz. liz: they wired the whole place. everybody is able to use phones and wi-fi and all that because of cox communications. david, when we come back we have two major guests, first on fox business with the biggest of the big, return ney james of -- renee james of intel. she is the president. she is the one of the most high-ranking women in silicon valley and the whole business world, frankly. they had an unbelievable rollout involving a baby last night. we can not wait to show you this. stay tuned. we heart radio, that is what a

lot of customers are saying, 239 million a month tapping into that. clear channel ceo and chairman bob pittman, first on fox business. we'll see you in a minute. david: one of the coolest dudes on the planet. we love that guy. liz, great interview with pat esser thank you very much. what will janet yellen do now that she is confirmed as fed chairman? ron paul says it doesn't matter. the fed has run out of tools to fix the economy and even wall street is about to get whacked because of that. you don't want to mission dr. paul about that. bone-chilling weather is spreading throughout the u.s. in win that peg canada it was colder than the surface of mars. as we depart, show you high temperature in new york. can we get a shot of that? seven degrees. it was eight degrees. seven or eight degrees is the high in new york city! we're supposed to be warmer! we'll be right back. ♪ welcome back. how is everything?

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david: janet yellen was confirmed by the senate 56-6. the least senate sport for a fed chairman in history -- 56-26. the vote total might be higher but weather kept a lot of senators getting back for the vote. her confirmation was never in doubt. but policies of the fed and those endorsed by yellen have been challenged by a lot of critics, especially our next guest, a lifelong fed doubter and former presidential candidate and host of the ron paul channel, dr. ron paul himself. great to see you. you have said that janet yellen will be worse than average as a chairman of the fed. why do you think that? >> well, mainly because she has

spoken out very clearly, not only endorse principles of the fed, they all endorse, they have the magic power what the supply of money should be and interest rates should be, that is being pretty smart but really believes in the expansion of money and credit. she supports it all the time. i don't quite see here as being the one that is going to unwind unwind all purchases of bonds she has. so what will happen is, the economy is going to weak own and she will back off. she sincerely believes the fed's responsibility is to buy, buy, buy and keep interest rates low but where can she go? it is zero. you can't get much lower. i think she will have a dilemma because i don't think we're out of the woods yet. david: she and chairman bernanke, outgoing chairman bernanke both claimed credit for some of the positive things that happened in their mind because

of economy. that may be going too far. how can you say that the economy would be better off if they hadn't done what they were doing? what would have happened to the economy. certainly the stock market wouldn't be better off if it hadn't been for bond buying? >> we don't know that. if you hadn't permitted correction and bailed out nobody, 08, '09 would be bad years, worse than they were. bankruptcies would have liquidated the debt and economic growth would return. it would be similar what happened in 1921 t was one really bad year. david: right. >> this way we delay the inevitable. it lingers on. i think it is very similar to what we did in the depression. very similar to what the japanese have done liquidations, corrections prop up mistakes. fixing price of money misleads investors and they make mistakes and they overbuild and under build and do all kinds of things

they ruin the marketplace and only market that trials on free money is the stock market. david: they're doing off the record trades, literally trillions of dollars worth that your son and others senator rand paul and others want an accounting for. ben bernanke spoke to issue of accounting. he said that is not necessarily. we already have accounting. i think we can play the sound bite and get your reaction to it. >> contrary to what is sometimes asserted, all of the fed transactions operations are subjected to regular intensive audits by the government accountability office, the gao, an independent inspector general and a private accounting firm as well as by our own internal auditors. david: ron paul, ben bernanke says we don't need an audit, we're already doing it. what do you say? >> he doesn't reassure me, when i ask for more information i never got it. i should have been allowed to go to fomc meeting and listen to what they talk about.

i like to know what they do overseas and how they spent the money. that is a very misleading statement all this is audited. that just is not true that that type of oversight exists. they cling to, and they demand this secrecy. and it is going to continue. i don't think they will ever give an audit, a true audit of the fed outside because, because they don't want us to know what happens behind the scenes. i think they will finally give us a dollar crisis and severe monetary crisis before we -- david: let's hope that doesn't happen. meanwhile congress is still up to its tricks. the extension of unemployment insurance. this is after lot of evidence, that unemployment insurance extended on and on after past couple years, after the emergency period that was supposed to be short-lived, evidence it is hurting the job situation. national bureau economic

research, well-established non-partisan group, most of increase in unemployment during the great recession can be accounted for by the unprecedented extensions of unemployment benefit eligibility. even president obama's former chief economist, alan krueger said, quote, job search is inversely related to the generosity of unemployment benefits. so is there any justification for extending these benefits? >> from the very beginning i would argue the moral case, there is not an economic case that doesn't exist to give these benefits. certainly the constitution doesn't permit it. but we do know he a general rule i believe we can trust. if you subsidize something, you support something, you get more of it. what you just quoted there is evidence that if you subsidize unemployment you remove incentive to go out to take a job. david: right. >> what they have to compare to, maybe there was a job that wasn't as good as their previous job or wasn't as good as unemployment benefit and they would have to work for much

less. so the disincentive not to look for a job is certainly there. david: okay. >> if you say that, david, you come across as heartless, don't you? don't you care about people? david: "harry potter." producers will scream at me. i have to ask you one more question. bitcoin, a lot of interest from bitcoin from people that don't like central banks. what does ron paul think of bitcoin and is it a better substitute for u.s. dollar? >> i don't know enough to say is it a better substitute. i look from political viewpoint and market viewpoint. i think we ought to have choices and be legal. if people don't commit fraud there ought to be competition. i want to repeal the legal tender law. i try to understand it. i understand what a gold coin looks like and feels like -- david: tough to get your head around bitcoin. i agree. >> i want to keep it legal. what worries me though is, i think bernanke did not come down hard on it. if it is really, truly an alternative currency, believe me

the fed and government will come down hard on alternative. david: ron paul, producers are coming down hard on me, we've taken too much time. wonderful to see you again. appreciate it. stay warm. >> thanks. david: arctic chill is reaching the eastern seaboard bringing record low temperatures not seen in the region for two decades. we'll bring you very latest how the big chill is affecting travel and how long it will last. just a moment liz will sit down with renee james, president of none other than than intel. her first major interview with a business network. liz has it, coming right up. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. at 5 times greater risk of a stroke.u that's why i take my warfarin every day. but it looks like maybe we should

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liz: yesterday intel blew ces 2014 away with their demos that came out. they demonstrate ad whole bunch of different products. they include ad baby, of course there is an app for that, the mothering app. they have a new product called the edison. needless to say, look who i have. i have the intel baby. it was fake, but this got a lot of chat every because what was in it? in the onesy, right here, there is something here that will actually tell you when the baby is feeling too hot. is this a redhead? it's a redheaded baby. it will tell you whether it is too hot, with the temperature or whether the baby is hungry, you just don't do it on your instings i guess. -- instincts i guess. introduce you all the ideas

intel is putting forward at ces 2014, renee james, first interview as president of congratulationses. >> thank you. liz: thank thank you for speakih us on fox business. >> thank you. liz: we thought the baby was hilarious. that is not just funny but a real development. talk about it. >> we came up with the basically, called the edison. edison is a complete computer if you see that. >> world's smallest computer. >> basically on the format of an sd card you put into any development system. it allows developers to program in anything, any wearable, any kind of garment, anything to be able to send and find out what's happening. that is what is happening here. so this company that created this product, there's a series of sensors in the oncecy. and they use the edison product to program it. and from a any other system they can see what's happening with the baby.

liz: behold, the intel baby. >> a redheaded baby. liz: it really, he will be fine over there. it really grabs people's attention because, people say, what do you need to do to get attention when there are 20,000 products are rolled out at ces. there are 3300 exhibitors, and frankly you guys have been around a long time. you know how to do this. there is so much competition. what is intel doing today to make sure they're supporting everybody? >> we're doing a couple of new things. new intels. we are, expanding the brett of product offerings into areas we've never been before. places people don't expect to see intel? >> such as? >> such as wearables. many kinds of device, phones, tablets, well beyond computing everybody knows us for. we're going a lot faster. we used to take products, time to get the products to market that we just, you know, the market woken wait for us anymore. >> i do have to show you this.

frank, pan over here. people are holding up tablets saying, pick the baby back up. it can't breathe. okay. we're turning over the baby. liz and i are not killing the baby. the baby is fine. so it can breathe. >> you have a lot of changes. new ceo has said we want to be in wearables, but intel, let's be frank, much maligned being late to the smartphone party. >> right. liz: you are in value phones. in lenovo phones. we talked to lenovo today. >> tremendous number of phones with intel in them. so, you know, we're in a bunch of phones. we're in a tremendous number of tablets. lots of new devices we talked about yesterday. interview, two in one tablets and pc. liz: let me ask about google.

power stripping very smart chips, nexus 7. >> i can't comment on that. i would say, i hope so. liz: you hope so. you have a good relationship with google? >> we have a great relationship. we're doing tremendous amount of work on android. we're really very happy with the progress that we've made in that area. other thing we talked about we're doing a lot of work is security. we talked yesterday as we go into wearables and all other devices we'll take our new security and make it free so that on every device, not just intel powered devices but across the industry we can really improve basic security. liz: renee james, president of intel. who by the way, david, i know you find this interesting, 25 years ago she was chief of staff of andy grove one of the founders of intel. you know she is a smashing cookie. first on fox business. >> thank you. >> former ceo of intel paul otellini once gave me this t-shirt. it represents a lot of what

intel is about. today is so yesterday. that is one of their slogans. intel always trying to innovate. david, send it back to you. bob pit man of clear channel. david: can't wait. love that with renee james. legacy of andy grove lives on. bob pittman creating his own legacy. you will see liz and bob in a couple minutes. as many as 180 millions americans are in the icy grip of what is called the polar vortex. call it what you want. janice dean will tell us when the bone-chilling temperatures are coming to an end. we'll bring you latest which airlines and airports are worst affected by extreme weather. all that is coming up right here on fox business. ♪ i always say be the man withhe plan

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he have. david: arctic like temperatures blanketed midwest made their way to the northeast with windchills below zero. fox news meteorologist janice dean. see if she has the weather coat. had a terrific fox news weather coat on. >> you're kindest anchor on air. you're the one that brought me inside from the cold. david: good. glad i could do that. >> look at some temperatures, record lows. this is not windchill. minus 14 in detroit. pittsburgh, minus 9. nyc, central park, 4 degrees. austin, texas, you get the picture. we set four dozen record lows overnight. minus 9 in blacksburg, virginia. mobile, alabama, 13 degrees. that is not with the windchill. here are the morning actual lows. as i mentioned a lot of areas we set some records, minus 12 in chicago. the good news we'll warm things up for you but we still have to get through tonight and

tomorrow. there the windchills what it feels like. i was out an hour ago and thankful for producers and david asman for bringing me in. hourly temperatures as we go through overnight, it will start to warm things up certainly across the central plains, great lakes, chicago. you saw day time highs of minus 16 with windchills in the minus 40. six a.m., minus 3. 13 in new york. take a look at this, david. we're talking about 13 or 14 degrees here in new york city by today. weekend into the 50s, above average. it will really feel like springtime. just a quick shot of this polar air mass. then we get back to more seasonal temperatures. look at atlanta, georgia, 60s for you as we head through the next part of the work week. as we mentioned, things will slowly start to warm up. in some cases above average. so just a quick shot, well, of historic cold and then we're back to, more seasonal temperatures and even above

average as we get into next week. back to you. david: so glad you bring you back into the warm studio. >> yea. david: already up to eight degrees. >> balmy. david: balmy eight degrees. thank you, janice. >>ing. david: film director, michael bey, creative genius behind the transformers, all those movies, even that genius could not embarass him from the international electronics show. a breakdown on tape. liz claman will be at ces, the electronics show. she will sit down with bob mitt man. he of course the chairman and ceo of clear channel. sign ad marketing deal with a big-time electronic dance and music company. it will be start of something big. he will tell you the details coming right up. [ male announcer ] this is the story of the little room over the pizza place on chestnut street the modest first floor bedroom in tallinn, estonia and the southbound bus barreli down i-95.

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liz: welcome back, everybody. you all heard of go from, right, the -- go pro, ultimate consumer electronic, right? they're have a steady cam go pro. they have a recorder how you videotape anything you want from the electronics show. when you think about the very first consumer electronic, what was it? the radio. kevin mcgee, head of our network would love that he started in radio. this next company, clear

channel, i-heart radio, one year ago at the consumer electronics show told us they had about 20 million listeners and one of the fastest role ups ever. talk with bob pittman, chairman and ceo of clear channel. how are you? >> nice to see you. thank you very much. liz: last year, 20 million, you told plea that. where do we stand today? >> 40 million. second fastest service to reach 40 million. second fastest to 20 million. only instagram is faster. i-heart radio clock. alarm clock feature. we have great new stations. it is growing like a weed. liz: clear channel, you have 239 million monthly users? monthly listeners? >> for just the broadcast radio. liz: that is broadcast. >> our digital, over 60 million, 70 million. outdoors about 145 million in the u.s. alone, not worldwide. our traffic network, all the traffic reports that's us, 170 million a month.

we have a huge reach numbers. of course the challenge for the company,, monetize it. radio buyers are great. only can give us money allocated to radio, now talking to marketers, if we had all the assets we can do more than 30 second commercials. what are you trying to do and how do you could it. that is the fun part. liz: synergy. >> i have been down that path. liz: how did you make radio cool again. >> what is unany, radio -- funny, radio has been cool. tv is america's hobby. everybody talks about it. radio is america's companion. i talk about my hobbies and my wife alot. it es very important to me. it never has been more popular than today. a lot of it is telling those facts. we dot i-heart radio music festival and pool parties. we're doing all the really neat stuff using power of all those relationships which captures everybody's imagination. liz: you're harnessing multiplatform assets which makes

total sense. >> yes. liz: what is the next step for you? what is the next challenge you look at, say, i want to conner that? >> for us a lot of it is built on marketing, what is the consumer doing? how do we serve them better and take our marketers along with it? we don't define marketing as 30 second come americaal, renting consumer relationship to the advertisers. a lot he have it is meeting with advertisers what wakes you up in the middle the night? what is that possible problem? give us the assignment and let us solve a problem for. >> bob, everybody talks about they always bring up pandora and spotify, and something where we again, look, there are a lot of players in the space now, customizing radio. we were over at general motors. every car company seems to be striking deals, needless to say. >> right. liz: worry you or excite you? >> no. we're in every car already. am and fm this is all ad-on. what is going in the cars, pan do a, us and sometimes spotify.

spotify is not doing what we're doing. they're doing music collections. they have downloads, another way to do it, you rent it all. pandora has playlists communication. not really radio. easy way to make a playlists. we do that with i-heart radio as part of service. everything everybody is doing, good for us. it brings attention to audio. liz: you have a different model when it comes to royalties, speaking who it is good for. is it good for artists and how is it different? the costs are onerous say for example, pandora? >> we want to pay the arrist as lot of money. we want to pay the record companies at love money because they're important strategic partners but we want to pay it out with as a growing business. we strike a deal, look at all the revenues and puts and takes and promotion, et cetera, come up with an overall deal works for them, works for us and is predictable, we know where it is going, they know what they count

on with us. that is the big world, we're regularizing that relationship. liz: finish up my coanchor david asman loves the tequila. >> good. keep drinking it. liz: he has a tequila business. >> great one too. liz: food to see you. >> appreciate it. liz: bob pittman of clear channel and i-heart radio. first tomorrow, 3:00 p.m. eastern. a groundbreaking interview. the first broadcast interview with the brand new ceo-elect of qualcomm, chipmaker qualcomm. steve malenkopf joining us here on fox business. the very first interview since he is named as ceo. paul jacobs going to chairmanship. we speak to him about challenges and competition. they own the smartphone market. they cut the price by 50 bucks. a week before consumer electronics show. whether we get more information from him about wearables. four p.m., "after the bell," we

have yahoo! oner kind. a fox bbsiness exclusive with nick delasio, the 16-year-old yahoo! bought the language summization app. he has new apps as well. david: that will be fun. look forward to that. say high to bob pittman. that is great. >> meteors and giant robots, big budget director michael bey tackled them all. he found his match at international ces. what happened? what caused breakdown? have you seen it? we have the video coming up [ male announcer ] hands were made for playing.

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david: time to go off the desk. director michael bey, he introduced samsung's massive new 105-inch curved tv. you saw liz showing that off at ces today. well during the speech yesterday, the famous director stumbled. as the prompter broke down and did unthinkable, he walked offstage. look what went down. >> ah. the type is all off, sorry. but i will just wing this and,. >> the curves? how does it, how do you think it will impact how viewers experience your movies. >> excuse me. i'm sorry. i'm sorry. david: all right. well, when he said the type is

off, he meant the prompter wasn't working. president obama could have showed him how to do that. you didn't have a tutorial with president obama beforehand. we wish him the best. he still a freight film director. "money" with melissa francis is next. stay tuned. melissa: a deep freeze like no other. the polar vortex sweeping the country, taking no prisoners. thousands of airline passengers stranded and productivity in many regions at a near stand still, but it hasn't stopped some people from turning a profit because even when they say it's not, it is always about money. melissa: a brutal cold known as the polar vortex has swept from the midwest to the east coast. it is causing chaos and misery wherever it goes. it isn't your usual wintry blast. it is so cold and so widespread,