penguins about to ring the bell at new york stock exchange. [closing bell ringing] david: look at that. liz: there they are. seaworld. helping to press that button. david: maybe it is the pen beginning factor leading to a double, a triple digit rise on the dow today. all the indices up, doing very well. this is, again the second day that we have had a triple-digit gains on the dow. that hasn't happened since october. so it's a relief in a way to a lot of people wondering because we were so slow starting out in 2014. looks like now we have gained momentum. again all indices over half a percentage point or greater. a good day for the markets. liz: still don't beat that all-time high of s&p for 18.50. almost there. time for the front page headlines. the federal reserve says the u.s. economy continued to grow at moderate pace from late november until 2013. the fed beige book report which

looks at 12 regions of the united states. some regions likely to see a pickup in growth and hiring. david: in a separate report the new york fed says its general business conditions for the new york area rose to 5.1 in january. this is the highest reading in 20 months. liz: 20 months, not bad. u.s. producer prices recording their biggest gain sis september. the cost of gasoline rebounded though but overall inflation pressures remain subdued. david: as we mentioned it was a winning fourth quarter for bank of america ceo brian moynihan. the firm's quarterly profit surging by nearly $3 billion and as revenue increased and mortgage losses plunged. liz: reuters, federal reserve and office of comptroller of currency sent investigators to citigroup's london offices. this is part of an international investigation into alleged manipulation of the global currency markets. uh-oh. general motors stock is higher after auto giant expects a

slight up tick in pretax profits but margins will likely remain flat until 2015. big day in the markets. "after the bell" starts right now. liz: break down today's market action with our all-star panel. we have got david lutz, still nicholas managing director. he says 2014 could be another double-digit year for stocks, wow. liz: challenge him on that, maybe. i don't know. lee munson, portfolio founder and chief investment officer will tell you now why ask the time to get in the markets and best ways to play the markets. plus todd horowitz joining from us the cme. we begin with todd. what action jumped out at you, todd? >> i liz, hi david. i think the action jumped at me was banks. with bank of america really blowing the doors off their eaanings it pulled up all the banks today. so i was kind of shocked at the

strength. i knew they expected good earnings but i think they even blew away their own expectations with all-time highs in bank of america. i still think the 1850 level in the s&p will hold up. some resistance here. i think we're not at the top of the market but i think we're at the top of the range now until we see more from the fed next week. david: even a bear like todd horowitz sees positive movements for the market ahead. david, you're positive on the markets but you're positive on something else and i have to push right back on it. gold, of all things to be bullish on right now, bold, we just -- gold, we had report from deutsche bank, bank of america. ubs, they added all predictions about gold up and guess what they found? 14% drop in the price of gold from where it is now by the end of 2014. why are you bullish? >> dave, i'm going to tell you hit it on the head. sentiment is absolutely awful in the metal right now.

we have near record high or at least multiyear high of short interest in futures markets for gold. that tells me you know what? everybody is crowded on short side. all the negative basis people talking about are built in. i was looking at jeffrey's cast, gold will go up 10%. i will not argue with him because he is very contrarian on lot of different things. one. main reasons why is because a lot of physical demand we're seeing in asia. a lot of spot prices in china are starting to pick up. there could be a skew because of their new year holiday but we're starting starting to see inflationary signals pick up. u.s. 10-year break-evens, dave, that is the difference between tips, inflation protected yield and nominal bond for the 10-year. you know what? slowly but surely crawling higher. if you overlay a chart of gold against that all you traders out there, you will see it start to pick up. i think a lot of the negative sentiment is built in. i think inflation is one of the

big black swan events in the market this year. given money printing bank of japan would do i could see gold basing and starting to rally here. liz: from gold to the markets, lee munson, is it too late? we had amaze run-up past year. two straight days of triple-digit gains. yes or no, take some. cash warming the bench on the football team and put it to work for the team? a couple of days in a year, reason why it is good. people have to remember, if you invest for week or two weeks, i can't tell you whether now is good time to invest. if you invest rest of this year into the future next, two, three, four, five years we have great things going on n america the top things you need to realize, look at age prime adults people like me with peak earnings everyone is concerned about ratio between people like us and population cycle high and can go higher. number two, we have 19 out of 20

months of wage, real wage inflation. also the amount of people working part time for economic reasons versus fun has been trending down for the last couple years. if you look at the 12-month averages, not just what came out today or what came out for last month, i think you start seeing a picture we do have a great recovery and that momentum will keep going forward. that being said i think you need to invest in international and have balance to make your money there. david: specifically, and i want to stick with you, we need to hear some names, lee, i was surprised to hear you're for some smoking stocks. i don't mean they're smoking because they're hot but they make smokes. why do you like these stocks? >> i don't like smoking at all. my dad is lung cancer survivor. the question was posed to me earlier today -- david: i should, excuse me for interrupting the two top ones are cigarette companies, altria and lorillard. brown-forman makes jack daniels which ain't bad either but go ahead. >> listen, my dad drank early

times and smoked marlboros for extended period of time. the basic idea if you want to speculate versus investing there is nothing wrong with speculating as long as you know you're doing that minimum wages pogue up in states all across the america. we know anybody across the street when minimum wages go up and people at lower end of the spectrum have more money that goes directly into cigarettes, really cheap cigarettes and affordable booze versus premiums brands. if you want to take a flyer i want to own individual stocks and go bet in the casino, bet on low end american consumer getting more money in their pocket because of more government regulation and a bet you can win. not the bet we want to take. my clients want to invest. but sometimes you want to have some fun. >> i kind of said this at the top, david, really, does lightning strike twice? you think we'll have another, i'm thinking you're saying double-digit percentage returns for markets once again this year? >> liz, absolutely.

liz: i want it but really. >> liz, absolutely. for all the other reasons that were just mentioned. we've got economic strength picking up. look at buybacks. a lot of people think this will be another big buyback year. liz: buybacks are lame. financial engineering. i know it, i know it spikes stocks and you don't want to fight the tape either way or whatever, don't try to fathom it but i want to warn our viewers of that. >> absolutely but look at pkw, liz, buyback etf. outperformed the s&p by 15% last year. acting well again this year. you know what? m&a is picking up. great ft read corporate balance sheets are flush with cash. they think all the money outt3 there and activists investors will be forcing some of this cash to go to work in the market. that's why, dave, one of the things about goldmarkket i would like, if you're concerned about buying gold here, look at miners. david: that's true. >> this is mining etf. 15-year low relative to the metal and they're starting to see m&a picking up in the space.

i tend to think because after lot of cash on the sidelines, believe it or not a lot of professional investors are still underweight the u.s. market at this point you could start seeing the lid coming off and easily see double-digit gains in the market, liz. david: david, we're saving the tape. no doubt. we're saving tape. if you're right, play it back to give you all kudos in the world. >> can't wait. david: todd, go back to you for a second. you're a bear as i said before but at the same time you say there's a technical case to be made for this market continuing to go up. make it quickly. >> well, we break through 1850 and we hold and fed comes in with more money we'll go higher. you're fighting against free money. if we break above 1850 which is the level, we're probably going higher. i don't think we'll get through there. i will throw water on the big bull party. i think we'll actually go lower. >> i will take the other side. liz: thank you, david lutz, lee munson. todd horowitz we come back with you for s&p futures close. speaking of close, jcpenney

breaking news, is going to be closing a bunch of stores, david. here are the flashes on the wires. jcpenney announces that it as a strategic initiative to advance the turnaround it will close 33 unperforming stores, underperforming stores. they expect that this will save approximately $65 million. they're going to offer all kind of buyouts for employees. david: also taking a pretax charge of $26 million in the fourth quarter. all this news not really affecting the stock after-hours as you can see. that much at all, if anything it is ticking higher. that may change. again, an after-hours pretax charge being announced, not a good sign when they announce it after-hours. we will see what happens to the stock. we'll follow it closely. meanwhile you may wonder about the connection between a netflix stock dive this morning and that court decision to knock down the obama administration's desire to regulate the internet. we're going to spell it all out for you with a former fcc commissioner who says that internet businesses will ultimately flourish as a result

of this decision. liz: plus blackberry slap as lawsuit on ryan seacrest's new venture, typo. it alleges that typo's new iphone product steals its famous qwerty keyboard. tactile keyboard and puts it on a competing product, i.e., apple's iphone. cofounder and ceo of typo, joining us live to talk about the lawsuit. also more importantly perhaps his hot new device that sold out. tell us what you think. it doesn't annoy me. does it annoy you that the iphone doesn't have a tactile key like the blackberry does? does it force to you carry two phones? that would be yes for me. log on to facebook.com/afterthebell. we'll read your answers later. ♪ [ male announcer ] once, there was a man

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so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. david: big news that we're following very closely. checking out the stock after-hours. jcpenney announcing restructuring plans. liz: let's head back to nicole petallides on the floor of the new york stock exchange. stock is moving lower right now. >> right now moving lower. this is big news here for jays. jcpenney. the stock has been fluctuating it is up 3% here in the after-hours and now has dipped below its closing value. so it certainly is gyrating much

that being said here are the headlines. jcpenney says it will close 33 underperforming stores. with that, that will be completed likely by may. there will also be 2,000 positions eliminated. there will be some benefit packages they as well will deal with. they see charges of 26 million in the fourth quarter. 17 million in future period to come. they're closing 33 stores. they continue to plan to open a store in brooklyn, new york, you know they have been working on a turn around. they talked about comp sales during the holiday season, surpassing their estimates year-over-year, looking good though they did not release exact numbers which left people a little nervous. they also say with these store closing they see $65 million in yearly cost savings. that will begin this year in 2014. so jcpenney trying to stay alive here and it is interesting to watch this stock, how it is

gyrating, we noted it was up 3%. now in negative territory. so a wild after-hours. back to you. liz: there is very little to say about this. seems like they're having such a tough time no matter what they do. nicole, thank you very much. david? david: as you might have seen netflix stock took a different this morning because of a court decision to limit the ability of the fcc to regulate the internet. what the court shot down is something long supported by president obama called net neutrality. the reason netflix's stock went down because now the fcc will not be able to force internet carriers like verizon or at&t, to let netflix clog up their internet lines unless netflix pays more money. while the fcc doesn't like the ruling there is at least one former fcc commissioner who does like it and he joins us now. robert mcdowel, was appointed to the fcc by president gw bush and by president obama and both appointments were confirmed unanimously by the u.s. senate. so this guy plays it down the

line. commissioner mcdowel, good to see you. you had a very interesting piece in the "wall street journal" let me premise your piece with a basic assumption. i think it fairs to say, you correct me if i'm wrong, that the internet is this magnificent platform that supports all kinds of businesses in a very innovative way, primarily because it is not regulated. is that true? >> absolutely. the internet is the greatest deregulatory success story of all time. it blossomed beautifully before there were net neutrality rules. it will bless many even more beautifully after this court ruling and unfettered internet is the best way to go and this is dynamic and wonderful. david: forgive me for interrupting so then why did the fcc want to regulate something that has flourished because of deregulation? >> it was a radical departure first of all bipartisan consensus really starting in the clinton administration to keep the internet unregulated. that was radical departure under

obama's first fcc and so, you know, it is, for variety of reasons. on one hand some consumer groups say we need rules to keep it open. the fact is there are already rules, already laws that protect consumers, antitrust laws, consumer protect laws, unfair competition laws. all torts of laws. by the way the trial lawyers would have a fee day if the internet service providers did not -- david: we want to keep the lawyers out, make it as simple as possible, simple as possible, describe the rationale for net neutrality and why a company like netflix would be in favor of it. >> from the consumer perspective to keep the internet open and free is their line but in reality it's about tipping the scales for the so-called edge providers that provide content or applications. they wanted regulated prices for having to plug in to the internet networks. and it is the school of please regulate my rival but not me. we saw that, i saw that a lot at

the fcc during myself years there. david: yeah. >> so unfortunately, you know, fcc from their perspective they just didn't have the legal authority granted to them from congress. the court largely agreed although there is still a shred of authority that the court left the fcc yesterday. david: let me make it very simple for netflix. we're look act stock, one year stock have way up but came down because of this ruling. 30% of the traffic on the internet at various times of the day and various times of the year come frrm netflix that company has so much stuff that it puts through those internet lines that 30% of its traffic and net neutrality would mean they wouldn't have to pay pour that but this ruling means that netflix, if they want to continue to put out that content, they're going to have to pay more for it, do i have that right? >> that's possible. i don't think anything is going to happen immediate. so this sudden stock price drop is probably a bit misguided but, what, you know, so netflix has had to pay to plug in its big

pipes into the internet anyway. what this does is, it allows internet service providers to maybe have companies like netflix or espn or others to subsidize consumer's rates. if you're a consumer and watching a lot of netflix you will use up your data capacity pretty quickly. might have to pay more. if netflix can actually help subsidize the consumer it is good for consumers, we can keep rates low for consumers that is a good thing for everybody. david: the problem with these regulations, of course there is dollar and cents reason both sides can make it, but whenever you get the government more involved in something it is just the beginning. i've seen it all through my career. they begin small and get larger and one of the biggest concerns it sort of cedes ground to people like vladmir putin and other internationalists, some who are dictators who want to regulate the internet. this would give them the authority to say, if americans can do it more so can we. >> exactly.

politicizes internet governance which historically has been non-governmental. you're absolutely right there is big treaty negotiation or starts or culminates this october in korea. 193 countries will get together to hammer out a treaty and putins of the world have the votes really to have a new international regulatory overlay over the internet's affairs. that could be very stifling. it will harm the developing world the most. these are country that is might vote for this ironically and harm the developed world, industrialized world the least. so it is a tragedy if this comes to fruition, but fcc goes forward with more regulations it only gives putins of the world political cover and veneer of intellectual argument to justify their actions. david: at very least what they will not able to do putins of world, americans are doing it, we can too based on this decision alone. great to see us, robert mc, thank you.

>> happy to. we know ryan seacrest as host of "american idol" but cofounder of a company called typo that wants to put a blackberry-style keyboard on every phone. you can imagine blackberry doesn't want that. it is hitting back in the form of a lawsuit. but guess what, the ceo is forging forward. we've got typo's cofounder with us. they have sold out. david: you also have the devices. fun to play around. you will be able to see exactly what liz is talking about. also if you're a parent whoever wanted to have full control over what your kid watches on tv, viacom could have the answer for you soon. it could mine non-stop dora the explorer if you want. details coming next. ♪ [ 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: time for a quick speed read. some of the day's other top headlines, five stories, one minute. first time in three years the world bank is raising its global growth forecast predicting net global gdp will expand by 2.4% in 2014. deutsche bank suspended traders working out of the new york offices due to alleged manipulation of global currency market. the number of suspended traders and which currencies they dealt with are not yet known. carl line group is reportedly nearing an agreement with pharmaceutical giant johnson & johnson to acquire its blood testing unit, a deal that could cost the firm at least $4 billion. business travelers across the nation are expected to take more trips in 2014. according to a report by the global business travel association biz travel spend something also expected to increase by 6.6%. viacom will launch a new children's tv channel called, my nick, jr. the channel will

combine scheduled programing with on demand options that can be programmed by parents according to "the wall street journal" and that is today's "speed read." dora and -- [buzzer] liz: cousin diego. david: i'm glad i don't have to know who those kids are. liz: that was a long time ago, right? david: apple is gambling big on the world's biggest smartphone market which is china. it could be turning point for its partner china mobile. liz: jo ling kent is with us. she has more on the story. and apple news out of the ftc. jo? >> that's right, dave and liz, big news for apple. here at home apple sign ad consent decree to the fcc to fully refund 32 1/2 million dollars to consumers because of charges made on kids apps without the parental consent. ceo tim cook called this double jeopardy in internal email citing apple's septemberment last year unauthorized use of inapp purchases. they have already been making changes necessary. sec chairwoman edith ramirez

responded felling report that's the sec agreement provide more robust relief to consumers. those refunds may be a drop in the buck kit for apple especially after the partnership with china mobile, the world's largest carrier launch this is friday. in interview with journalist in beijing, the partnership is working very well. in fact he said, quote, we haven't announced numbers but i can tell you last quarter we sold more iphones in greater china than anytime in our past so it was a record quarter, unquote. the china mobile chairman added they have received several million orders already in preorders for the iphone and in more news, cook said they plan to broaden their relationship with china mobile beyond iphones. he didn't really specify more than that just yet. now many iphone suppliers stand to benefit from a order spike. talking about cirrus logic, omnivision and nxp semiconductors. and take a quick look how apple's stock did today, closing up about 2%. china mobile relatively flat.

they were down about .2 of a point. of course, liz and dave, apple faces plenty competition from low cost makers like the very hot brand sho-me. analysts say this could increase iphone shipments by 15 to 30 million units. will give apple huge access. talking about 3,000 new locations across china they couldn't get to before. liz, dave. david: called monetizing china. thank you, jo. >> thanks. liz: what would you get in you married a black phone andism phone? ah, it has tuxedo and a bouquet. what would you get? typo keyboard whose maker has just been sued by blackberry which says you know what, that is copycat of our screen, our blackberry phone screen. up next the cofounder of typo joins to us fight back. they don't have to fight back. they sold out already. david: unbelievable. they make how much? we'll tell you which one of

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which is why usaa is honored to help our members with everything from investing for retirement to saving for college. our commitment to current and former milita members and eir families is without equal. start investing with as little as $50. liz: what if you could mush together a blackberry and an iphone to get what many of us would love, an iphone with

real physical keyboard? well it looks like the new typo keyboard, this device attaches to your iphone, i'm holding it here. it gives you the qwerty keyboard, the tactile one, very much like the blackberry and your iphone just slips right into this thing? this is so cool, right? preorders already sold out. while consumers may be happy, blackberry is slapping the company with a lawsuit saying this is our proprietary information. they claim patent infringement. joining us the cofounder and ceo of typo. welcome. this is fascinating because i was at ces. there was a lot of buzz about your product yet blackberry says we're going to see you. can they impede what you're doing here? >> no, i don't think so. we started this two years ago and we did our research and we looked at all the patents out there and we don't believe we violated any of blackberry's patents and we'll vigorously defend this. liz: ryan seacrest will

vigorously defend it along with you because he is a cofounder, right? let me show people. this comes in two pieces. this goes on top of the phone and this goes on the bottom. as i mentioned you just slide the iphone in, voila you have the qwerty bee board, there is software, has to be a bluetooth setup, right. >> works through the standard bluetooth that apple provides. liz: okay. >> but the keyboard works. no latency. we've had 400 people testing this keyboard for the last three or four months and people can type 50, 60 words a minute on it. that was our goal, to allow people to type superfast on iphone. i think we achieved that goal. liz: i am that person who said, i really do need the iphone because i need to be able to view video and see apps and attachments but i absolutely am married to the blackberry. so, am i your classic person? and how many of me are there out there where people are now carrying two heavy phones because they just can't get what

they need from both? >> you know, we don't know. we did this, ryan and i have been friend and we, he brought it up, hey, why can't we have both these things? i had a technology business. i said, let me go develop this. the truth we developed this for ourselves. it ended up being a lot of people wanted it. so we're bringing it to market. our preorders have been amazing. we never thought we would be sold out in 30 days but that is the case. liz: how many? can you tell us? can you tell us how many? >> we can't disclose how many but i can tell you production runs on this type of product is quite a few. so we're very happy to have been sold out. definitely people are interested in buying this product. liz: why, why did ryan want it? was he one of the people carrying both the phone and the blackberry? >> yeah. so ryan, like i had two phones. we love, at the end of the day ryan like myself live our life on this thing. i travel a lot. he is busy to say the least. and he runs his entire business

from the phone. so you know, carry two didn't make sense. iphone is fantastic phone. something had not been attempted by other people and never got it right. it took us a long time to really design this properly, really get the keyboard right. we had to miniature rise the battery. had to miniaturize the components and chip on board. it was not a simple product to develop and took a long time to get done but once it worked people love it. they can't live without it. they're on their phone 24 seven. liz: feels similar to the blackberry keyboard which i'm very comfortable with. number one the cost and number two will it be available on other products say the ipad? >> so the ipad, no. the cost is $99. it will be in stores in march. our initial order is sold out. it will be delivery end of february. we're looking at other products. we're focused really heavily on the iphone which is the big

market. liz: which stores? >> we haven't disclosed that yet but we're talking to all the majors, verizon, t-mobile. liz: let me know when, okay? >> i will. i will. liz: it is an interesting product. typo and we'll watch blackberry's attempt to squash you guys or at least get money out of it. good luck to you and ryan seacrest. >> thank you. i hope you try it out. try it out for a few days. i think you will get addicted to it. liz: i'm happy to. i'm tired of carrying nine pounds of phones. thank you. >> thank you, liz. liz: see you next time. david, i will send it to you. david: let's talk football now. the nfl's concussion battle is heating up again and the league may be on the hook for even more money. we have the very latest coming next. also a brand new partnership between extreme networks and the national football league. it will make going to games a lot more fun and just in time for the super bowl. we have a fox business exclusive with chris control kroll, extreme network's chief operating officer. that is coming right up.

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liz: the national football league may be forced to pay more money high-profile fight in concussion injuries to players the federal judge rejecting preliminary approval of $765 million concussion settlement between the nfl and retired players. judge anita brodie denied the proposal on the ground there was not enough evidence to support the determined amount. she wrote, quote, in absence of additional supporting evidence i have concerns about the fairness, reasonableness and adequacy of the settlement. we put in a call to eugene lee, the ceo and president. etl associates. he represents players from four nfl teams if he thinks the amount proposed is sufficient. he told fox business, quote, the

$765 million sellment is on the lightened. if you take into account the league generates close to 9 billion in annual revenue. the settlements close to $1 billion would be more acceptable. it was filed on behalf of 5500 former players and families. david: it will cost the nfl for that. speaking of the nfl one company is focused on enhancing nfl fans instadium experiences. extreme networks announce ad partnership with the nfl to provide wi-fi networks in the league's stadiums. liz: no, i don't have a signal, right? it includes the super bowl which is expected to attract 82,000 fans in the stadium. join us in a fox business exclusive, chris comewell, the chief operating officer. it is not just the super bowl. you have the real opportunity to wire every single arena if you get your way, correct. >> let's start the official announcement of the partnership

today, liz was being the wi-fi analytics provider to the nfl the second phase would be looking more to get wiring of all stadiums. today extreme networks has only two stadiums wireless wired with our solution. that is philadelphia eagles and new england patriots. but for all teams that have wi-fi we will have the analytic engine that will allow us to measure and manage the experience to improve the experience for everyone. >> let me ask you a little out of the ballpark question here. can it work both ways? that is, you're providing services for people in the stadium? so many people have hd, your people came in your pr people came in with their cameras taking pictures of liz and i. so many people in the stadiums might have information and videos that can be used by you or networks. will it work both ways? >> so we're not actually taking information from people. we're enabling the experience so that electronically they can do what they do in their everyday life. david: but could that be another stage of all of this? that is, not only put

information in your hands but get information from the fans? >> so the way that the, wi-fi solution works, both up load and download. so up load would be an example of you taking pictures in-stadium and putting it on facebook, instagram. selfies. that's part of what we do in everyday life. why shouldn't you be able to do it inside of a in fl stadium or any other sporting venue? the other part is downloading content to do things interesting to you. for example, you're a real serious fan and you want to catch scores with the other games around the league, you can look at nfl red zone online, for example. you can track stats. so it does go both ways in terms of information flow but in terms of taking information from the user actually using it we're just managing the traffic patterns and managing the experience so it is better for everybody. david: traffic goes both ways. >> yeah. liz: fascinating now when you're at a football game, i was recently at a giants game, and everyone in the stadium was

texting or taking pictures, hardly watching the field. david: yeah. liz: this has become the sort of a new paradigm where everyone wants to do it. what kind of staff will you have on sight in the arenas in case somebody has trouble? how would you find out, seat 490 in section b-12? >> it is up to the team to deploy what kind of staff should have, but it should work. you shouldn't need a staff. the whole idea is to provide management infrastructure so you don't have to have a heavy staff to be able to do this. in terms of deployment of wi-fi, you have to put the cabling down, the radio signal has to be with antennas but there is some work there you about the day-to-day activity, that shouldn't be manageable through the management systems. david: before you were on, liz read a brief what is happening with the injuries, helmet related injuries with the nfl? how is it dealing with nfl? do you deal with roger gooddell

or managers or how do you make a deal with the nfl. >> we work with the organization and cio, the technical organization this is organization. david: can the ceo come in say thumbs up thumbs down, can he make the deal happen or kill the deal? >> sure. absolutely, roger gooddell is in charge. he is the man. liz: you guys have done a nice job being in charge of the stock which jumped exponentially. >> thank you very much. david: chris kroll, wonderful stuff. officer.networks chief operating congrats. >> thank you, liz and david. liz: they are the superstars not of nfl but reality tv business, who is the most paid among these highly compensated celebritys? we have a reality check coming up. david: the recent deep freeze could mean the soon you will pay a lot more money for your steaks. how does that happen? what investors and consumers need to know how much meat prices will go up because of the cold. you make a great team.

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david: so turns out if you could judge reality tv show you get paid really big bucks. radar.com compile ad list of highest reality stars.

number three, radioshack jock howard stern. he made 15 million bucks for hosting "america's got talent" which wrapped up the 8th season. number two i guess is jennifer lopez. the singer brings in 17.5 million. not bad. she returned to "american idol" as a judge for upcoming 13th season. but at number one, that man, recognize him, simon cowell, bringing in, get this, $95 million. cowell is a judge for the u.s. version of the x-factor which he also produces and co-owns of the he does all the hard work. he deserves every penny of that $95 million! liz: own a piece of it. there is your lesson. david: that's right. liz: the price of beef soaring to record highs as cattle herds struggle to cope with frigid temperatures. david: this hurts me a lot. because i love beef. so does sandra smith. she joins us with a lot more. sandy, how does it impact the meat providers? >> it is important to find out why the frigid temperatures

affect cattle herds because it becomes very, very expensive to feed the cattle, you have to feed them more to keep body temperatures up so they continue to pack on pounds before they go to slaughter. sorry to all the vegetarians out there. what is happening our cattle herd in the united states, it has been getting smaller six straight years. it is at the smallest level since 1952 and as as a result beef production is hitting 20-year lows. what does that mean to the consumer? yes, you will not only pay higher beef prices you already are. the average price per for retail beef is $3.50 per pound. catprices on futures exchange hitting all-time highs. that is means higher prices for restaurant chains. mcdonald's says this is the biggest commodity price threat to their business. texas roadhouse raised prices two years in a row, cracker barrel, the restaurant chain says costs are up sharply as a result of this. guess where a good place to be

from investment perspective is chicken. if beef prices are so expensive everybody reaches for chick own on the shelf. tyson is good stock because that is one of the biggest chicken publicly-traded producers. dave, this isn't going away. hedge funds are piling on to the long side of the cattle market. we looked open interest 100,000 contracts on the long end of the live cattle contract. this is huge volume, huge participation in the live cattle contract at the cme. they all believe the price will continue to go higher. >> when there is less the price is more obviously. >> right. so what is happening is, old saying higher prices cure higher prices, right? what is happening because prices are getting so high, people are changing their habits. we've seen that the per capita consumption of has gone down to 53.6 pounds. that is the smallest it has been since the early 1970s. we're already consuming less because of prices. david: by the way, a pound of new york strip at fairway, just priced it, 2dollars.

$28 a pound. >> whole foods, over 30 bucks. david: but it is good. it is good. sandy smith, great to see you. >> thank you. liz: invest in toe first quarter can i. david: who knows you might be right. liz: tofurky. david: this is no child's play. abandoned infant wreaks havoc on streets of new york city. tough see this video. we'll show it to you. liz: we asked you whether it annoys you the iphone doesn't have a real keyboard like the blackberry. your answers next. ♪ ♪

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to be part of some of the world'great stories. that began much the same w ourdid. in a little dorm room -- 2713. ♪ this magic moment ♪ david: time to go "off the desk," pranksters created, look at this, a twisted new promotion. disgusting much this is for the film called, devil's due. that is not a real baby. it is not a real baby. the movie hits theaters this week. it features the demonic baby in remote control stroller, with the seats of manhattan, terrifying the public. people are lured into the stroller by the sound of a crying baby. when they're close enough the demonic baby suddenly sits up. even vomits the green stuff. makes rude hand gestures. gives the finger basically. since release of the prank the video has gone viral reaching five million views on youtube. love it.

liz: better than chuck can i. we asked you on facebook and twitter, annoys you the iphone doesn't have real keyboard like blackberry? does it force you to carry two phones. jim wrote to say, what's a blackberry? david: that says it all. that says it all. liz: i love my blackberry. david: two things to watch tomorrow, number two is december's consumer price index. economists expect cpi to rise, .3 of a percent month over month. of course excludes food and energy. that bother as lot of people. that forecast to climb .1%. melissa: and number one thing to watch tomorrow, jobless claims. economists are expecting, this number has gotten more and more important as time goes by. economists expect number to drop 2,000. that would be good news to 228,000. americans filing for first time of urn employment fell to the lowest level in november. david: really first thing to

watch, whether we'll have three days in a row of triple-digit gains on the dow. we haven't done that in i don't know how long. liz: we'll be here to talk you all the way through it. "money" with melissa francis is next. melissa: yelp under fire. if you use the sight to choose or rate services beware. a growing number of small businesses say it is all a scam and a shakedown. you're going to hear why first-hand right now. because even when they say it's not it is always about money. melissa: if you're a business owner, or you ever used yelp to find or rate a business, then tough hear about this one. forget the fake reviews. it is what yelp supposedly doing with the real one that is is making a lot of people mad. companies are seeing legitimate good reviews disappear and they y