christmas. lori: a plan to widen the panama canal still only 70% complete. the standoff that could lead to construction at complete standstill. lori: ashley: let's head down to the new york stock exchange. nicole petallides standing by, as always. nicole: maybe that is exactly it. you had two days of trading. this is the kind of environment we have been in for 2014. everybody watched that bernanke this afternoon, or this morning, very closely. the nasdaq trying to squeeze out a game. i will get to banks in a moment.

here is a look at the nasdaq. both of which did not do as well as they had hoped. that was something that hit goldman sachs. you have michael court that over at citigroup. it was not as strong as they would have liked. ashley: nicole, thank you so much. lori: bernanke giving to be what is expected to be his last appearance. >> hate, lori. it was a little bit of a history lesson from chairman bernanke. some of the measures, as you

know have continued to draw criticism on capitol hill. listen, i know that there are folks out there that are critical of the fed. hopefully some of this pressure will abate. >> as we tell our story, more information comes out about why we did what we did. they understand what we did was necessary. it was a main street set of actions aimed at helping.

i am hoping that these political concerns will wait. >> he also acknowledged up for him personally the most credible risk of trying to unwind all of this and wind down qe and starting the tapering and shrinking the feds for trillion dollar balance sheet, he said that credible risk to him is financial instability, including possible financial bubbles. right now, he does not see any of those. back to you. lori: setting his legacy installed. peter, thanks for that. ashley: bernanke is not the only one making headlines today. while the secretary is optimistic, he says we still have a long way to go. take a listen.

>> obviously, we are not out of the woods completely. we still have a lot more to do to keep our economy growing. the trend of economic statistics, job statistics, confidence, it has been strong. it has been strong across sectors. there is potential for more growth in a number of key areas. lori: a lot of people echoing that sentiment from the secretary treasury. our forecast is to be a great year for the economy. the strongest growth we have seen in five years. what will drive the economy? >> it is the first time we have

forecasted 3% since 2005. for the first time since the great recession, we are firing on all cylinders. the unemployment report for the month of december was shockingly bad. are we going to face more challenges ahead? we could see some difficult weather. i think what is important is the

foundation for growth is better. we have not had a budget since 2008. lori: there is a public-sector for you. what about housing? what is your take on the private sector there. the last year or so this is been a key economic for growth.

we are expecting home refills will rise, but not as much as last year. new home sales will do better. because of that, residential investment should stay strong. we are looking for double digit growth there. there are parts of the country where inventory is really low, where there is a need for new housing. ancillary follow-through in retail sales. those should pick up. lori: let me get your comment on how this will impact the financial markets. as you know, it has been quite the tug of war. i think you are quoted earlier same watch out for some shorting in the bond market.

>> what i said was is the bond market is already very short and it still is. for that reason, i am quite bullish going on board. i think the end of qe is priced in and the fear of qe is beginning. on the equity side, there is still this transition. as the fed exits from its bond purchase program, that could put some downward pressure on stocks. i think by the end of the year, the equity markets will calm down. ashley: shares of best buy down. they reported dismal holiday sales. the retailer announced an eighth

of a percent decrease in same-store sales year over year. ceo saying the weak performance "reinforces our resolve and sense of urgency around our transformation." several downgrading on that news. lori: you heard about that chick up with yahoo!. marissa meyers fired someone. ashley: jo ling kent covering the story with more. >> probably hoping no one remembers how much you spent on her newly fired ceo. she paid him more than she is getting herself. she said she fired him during the own reflection. i made the decision that our clo

should leave the company. i appreciate his contributions and wish him the best in his future endeavors. this move, no surprise. look at the numbers. the stock right now is down about 2%. that is actually probably offered. amazon will not be getting its major lobbying. the film it was

take a look at how amazon is doing right now. it is up about half a percent. ashley: thank you very much. changes at jcpenney. the struggling retailer's turnaround plan. the struggling shrinking paycheck. the president's volcker rule. ashley: meeting on an emergency plan b. should the u.s. territory default? we will have more on that. ♪

[ 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 edward 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. ♪

ashley: we are following the latest developments on puerto rico's debt crisis. they are scheduled to meet right here in new york. lori: joining us now is alan.

thank you for joining us. creditors meeting here in new york, what is your issues? >> i think that there is a lot of risk. i see very little near-term risk. i think longer term, based on the economyy perhaps, there is some risk. i think they are good for at least the next 18 months. they are simply trying to find

work and a better life. all of this, of course, then comes to the point where the creditors -- how do you stop the bleeding, at the same time growing on an economy? >> we also have to remember that they have done quite a bit with the administration. the legislature has raised a lot of revenue. they perform their pension plans down there. they make great strides towards writing the fiscal ship. the economy remains to be seen how that will work out. an economic plan takes years to develop. we will see how that works out. on a short-term basis, they have done quite a bit and made progress. lori: how do you think that will be received.

>> i suspect it will be successful. i suspect that they will not bring it to market unless they have a little more on the demand side. in terms of the systemic affect, if it was a restructuring or default down the line, i do not think it was major impact on a municipal bond market. it certainly has been discounted. we have been talking about this for a year now. i do not know what hedge funds hold. some have been in and out already. some meetings, they are trying to inform some new investors. i do not see necessarily a lot of hedge fund selling. i'm not sure if they hold that much right now. lori: thank you very much.

lori: absolutely. let's check the markets. nicole petallides on the floor of the new york stock exchange. nicole: i will tell you all the news here pertaining to the headlines, of course. the number had one headline would be jcpenney's is closing 33rforming stores. today, you have ubs cutting it five dollars. the inevitable turnaround for jcpenney that just doesn't seem to be happening. there, stills showed improvement. they're laying off 2000 workers.

lori: making money with charles payne. charles: they have a new generation of what they call plow data in a box. it is essentially for the data centers. they have a system ownership where they will have more power and less money. i think it will be huge. it is one of these companies, you know, i like these networking places. they used to be really hot. i think it is really off to the races. i like the risk reward.

it is one of these names. the last five years, every year, the revenue was down 20%. every year, the revenue should be up 20%. ashley: having a losing season. managing a first for a professional sports franchise. lori: wall street banks warned on lending. jeff while going directly to the source next. ♪ [ male announcer ] this is the story of the little room

over the pizza pla 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

♪ open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. 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. we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signatu. legalzoom has helped start over 1 milon businesses, turning dreamers into business owners.

and we're here to help start yours. turning dreamers into business owners. so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really r. 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.

>> 24 minutes past the hour right now. hi, everyone, i am jamie colby. alarming testimony today. the administration's failure to pass several critical laws in the cyber security protection.

for abilities leave users at risk. officials charging the students that allegedly opened fire at a new mexico school aid juvenile. charge with aggravated battery with weapons after he shot to classmates. one was an 11-year-old critically injured and another hit in the shoulder. a massive wildfire is threatening homes in the san gabriel valley. officials say the fire has burned 125 acres so far. very scary. lori: homebuilder sentiment dropping slightly in january.

these are structurally insulated panels. >> that is correct. anybody's print for any type of house. it could be resident or commercial. >> we are building this on spec. we have a very positive attitude. >> maybe we can take a look at what this house will look like at some point.

you can build in bad weather. there is no thermal bridging in this product. >> that is a good thing. it makes the colts go through the work. this is what we are looking at, expanded polystyrene. it has reinforcement with steel on it. >> very interesting on a very chilly day. jeff flock, thank you so much. lori: sacramento team announcing the franchise will be the first to accept the virtual currency. they are already accepting bitcoins.

one bitcoins worth about $850. almost enough to get the best courtside tickets. oscar gold the academy award nominations revealed big-name flicks. even a surprise not for netflix. ashley: it sound like it could be one of the hollywood block busters, but it is not the contentious makeover of the 100-year-old panama canal as workers threatened to walk off the job. ♪ (vo) you are a business pro.

seeker of the sublime. you can separate runway diculousness...

from fashionhat flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national isanked highest in car rental because only national lets you choose any car in the aisle... customer satisfaction by j.d. power. (natalie) ooh, i like your style. (vo) so do we, businespro. so do we. go national. go like pro. return on investment isn't the only return i'm looking foard to. and my parachute definitely isn't golden. [ male announcer ] for some, every dollar is earned with sweat, sacrifice, courage, which is why usaa is honored to help our membs with everything from investing for retirement to saving for college. our commitment to current and former military members and their families is without equal. start investing with as little as $50. where does the united states get most of its energy? is it africa?

the middle east? canada? or the u.s.? the answer is. the u.s. ♪ most of america's energy comes from right herat home. take the energy quiz. energy lives here. ♪ ♪ ♪ [ tires screech ] chewley's finditself a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. lori: we'll get you updated on

the stork market. -- stock markets. for that we head to the floor with nicole petallides. >> we need to look at time warner and charter. time warner is down ..1 of a percent. time warner making a bid for. charter communications makes a bid this week for $61 billion. it was rejected by time warner. so we'll see if deals unfold in this in the coming days. cox, the nation's third largest cable operator with 4.5 million tv subscribers could reverse course but we will see. this is one of those stories not done yet. back to you. lori: thank you, nicole. ashley: the panama canal celebrating 100 years but doesn't mean smooth sailing for the massive transport hub. an expansion project is facing delays, soaring costs and the threat of complete construction shutdown. so the question is, is this major investment going to pay

off in the long run? brookings institution senior research associate joins us with the answer. thank you so much for joining us. this expansion of the panama canal, when it's completed will be very impressive but there are problems. what are the major problems? >> yeah, absolutely. so there's a major $1.6 billion disagreement between a spanish-led consortium from europe that is constructing and of course the panamanian authorities. we're confident as the market is too they will sort this out. there are talks of short-term adjustments to kind of keep the construction rolling if you will but when this opens mid to possibly later 2015, the question how many more ships will go through and really what does it mean for the u.s. economy. ashley: that is my next question, how significant will this be for the u.s. economy? >> yeah, absolutely. certain markets will certainly benefit in the short term. we know that agricultural exports from the midwest, say

soybeans, that can access the mississippi river will make increased usage for opportunity to get on bigger ships that can roll through the port of new orleans and growing markets in particular in asia. there is the possibility that the fracking explosion in just north of that kind of agricultural belt in the united states has the opportunity to export more natural gas. but there are major questions whether the united states will lift that export ban. there are some of the certain short-term benefits but everything else in the short-term is really cloudy about what the benefits will be. ashley: it will be a benefit i imagine to the ports around the u.s., los angeles, miami, you know, baltimore but because bigger ships are now coming in, are these ports going to have to make adjustments? >> there's major construction underway to try to make sure that the ports have capacity for the ships actually, absolutely. so both on the west coast where four major ports including los angeles like you listed already have the depth that can

handle these major ships. they're kind of prime ministered to -- primed to take what is post-panama and post-suez. there is arms race on the ports if you will for. miami, norfolk, new york, pending one bridge construction and baltimore, with more construction underway in charleston and savannah and other markets. the question will there be enough business for the east coast markets to handle it? and if they do kind of bring in new business are there local regional distribution facilities fit to handle all the new traffic formally coming across from the west coast through rail and trucking what they call the land bridge? while there is major construction happening, we're not sure if some of those markets will be able to handle it. ashley: so the big question, will we get this thing finished? you mentioned there is a dispute over 1.5 billion of overrun costs. this could drag on, could it not? >> yeah. there is certainly opportunity

there but this is way too big. there is way too much on the line for the panamanian government. they have one of the highest shares in the world of infrastructure and freight logistics contributing to their national output. they will figure it out and it is huge for the spanish construction firm. what we're concerned about, what does it mean for the american economy and particularly metropolitan markets across the country. what is really going to drive more panama canal traffic in the united states is bigger, fasttory-growing economy. meaning more and better jobs, more money to spend. growing manufacturing in terms of inputs and outputs. that will make sure the ships are full and we can take advantage of this new capacity. ashley: it will be very interesting to follow. thank you so much. thank you for joining us. >> thanks for having me. lori: okay, breaking news. we've got shares of nu skin halted. for more straight to nicole petallides at the nyse. >> i'm standing here at the new york stock exchange where shares of nu skin have been halted. steak a look, this is the

trading crowd waiting to open. the yellow on the board indicates the halt. at the moment china's administration was looking at local authorities with nu skin enterprises possibly distributing false information and conducting illegal businesses in china. the question is whether or not they had any false information. we saw the stock down 27 1/2% down before the halt. i can hear them trying to put out some indication. meantime nu skin came out and said they were working with chinese authorities. we remain committed to working cooperatively working with the chinese government. this is what they are saying. they are taking additional steps to reinforce our training and education efforts. these are some of their quotes. as i said, sustainable growth in this market, they're looking to insure this for the long term and working with the government there in china. now we heard much of the same story with herbalife. that is something that we watch and herbalife has been since moving to the upside. this will be one you can see

still to the downside. there it is. [inaudible] that's it. 80.85 still? sometimes what they do they narrow the indication, posted up there you will hear something more specific but looking like 80 to 85 bucks for the indication which seems very wide to me. that can't be right. more like 83.50. how about more like 83.50. that changes. so, you know as i say it could be something else but that is looking around when they open. lori: still decline for nu skin and herbalife in tandem. we'll keep eye on the shares. thank you for that nicole. incredible shrinking paycheck. charlie gasparino is here with details which wall street bank is slashing pay. ashley: $3 trillion in the hole. the grim outlook for the public pension crisis right here at home. don't go away. ♪ welcome bk. how is everything?

there's nothing like being your own boss! and my customers a are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] introducing fedex one rate. life's an adventure when '. and it always has been. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be readynytime the moment's right. you can be more confent in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications,

and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than 4 hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such arash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swalling, stop taking cialis and get medical he right away. ask your doctor about cialis for daily use and a 30-tablet free trial. >> hello, everyone, i'm cheryl cast with your fox business brief. target officials, law enforcement officials will testify at february hearing about the data breach. house subcommittee will examine cyber threat of credit card personal information that affected up to 70 million

customers. consumer prices took the biggest leap in six months in december as the price of gasoline jumped. cpi was up .3 of a percent in november. core index which takes out food and energy was up .1 of a percent. both match the estimates. >> parent of chuck e. cheese is being acquired for $950 million amount poll low global manage went will pay $45 a share for chuck e. cheese which features play areas, that is in 10 for return states and count interests. that is the latest from fox business, giving you the power to prosper.

lori: breaking news. want to update you on shares of nu skin. shares were halted after a deep decline, off $39 or 34.5%. looks like shares have now reopened. still way down. a big problem with the business model. shares of herbalife were down in

similar fashion. charlie gas is here. you want to weigh in on what is going on? >> yeah, they both have simiiar business models. sort of distribution, direct marketing. ashley: yeah. >> bill ackman would call it a pyramid scheme where you sign up distributors who kick back money to you much here is why herbalife is going down. what people are saying part of herbalife's business model is not just expansion in u.s. is expansion in the china. if the chinese are taking a dim view of this business model, you have to take a dim view of herbalife's earnings. that you think this is a problematic company. we should point out herbalife is not involved in this investigation, it is nu skin. ashley: right. >> since they have similar business models, people are saying you collapse the whole sector and you know they could be in the cross-hairs as well. i think if china had an issue with herbalife's business model that is as damaging as the u.s. having an issue the u.s. fda is something bill ackman is calling for but it is pretty damaging.

that is, when herbalife goes around to taught itself to analysts, particularly china is one of the places they tout as earnings growth. how is that? ashley: that was very good, charlie, thank you. talk about pay at goldman sachs, getting slashed. what do you know? >> if you look at it, shares of goldman sachs should be marginally off. do we have a chart of them? lori: ask and you shall see. >> they basically surpassed earnings estimates but quarter to quarter they did not have a great quarter. revenues, it is down but the market down but that is down fairly significantly with a market down only 66 bucks, 66 points, excuse me. falling even more as i'm talking unfortunately. what is the issue with goldman sachs? lloyd blankfein we know from behind the scenes, ceo of goldman sachs, he is saying this, listen we'll maintain 15% roe.

15%. that is probably highest on wall street. i think jpmorgan has second highest roe on wall street. they have 14, 15, something like that percent roe. that is their bogey. they will maintain it. they will essentially maintain it through cost cuts. limited people will be in the partnership pool. bonus numbers will come down which they have come down and what they are doing, they are praying for a change in admin vision that is makes wall street a little more, a lot more risk-friendly in terms of the interpretation of dodd-frank. who is he praying for? i can only tell you this, lloyd blankfein is long-time supporter of hillary clinton. if you're a wall street liberal or wall street democrat i should point out, or maybe liberal. lori: is there a difference? >> probably not a difference, you look as the clintons as the holy grail. during the clinton years wall street did very well. they deregulated wall street to extent, final nail on

glass-steagall which separated financial bank from commercial bank was done by bill clinton. i believe this led to the financial crisis. not the whole story. wall street loves the clintons. they believe in hillary is in there, blankfein told people this, they, that -- ashley: this is interesting because you would think a democratic party leader would be more for regulation. >> i'm just telling you they think the clintons are pro-wall street. that they will allow goldman to be what it used to be the risk-taking institution. we should point out morgan stanley announces earnings tomorrow. here is the interesting thing. this is something inside morgan stanley. they call it the james gorman body indicator. last year when, last quarter we were first to report they were going to have a great quarter. how did we know that? someone noticed his body language. he was walking around like mr. big guy. lori: a lot of bravado. >> a lot of bravado. another term they use inside

morgan stanley. lori: these are employees. >> people telling me that. now he is walking around like -- ashley: like what? >> the opposite. and you know -- lori: why don't you demonstrate? ashley: what kind of body language? >> if he was standing up -- >> i asked him to do this. >> this was james gorman last year. and now. lori: and now? >> they call it the walnut indicator. don't ask me why. that is the name that go inside morgan stanley. and you know, now it is not quite, not quite what it was. lori: i thought yesterday's discussion on interns at goldman sachs falling asleep in the john was pretty bad but you managed to surpass that. >> i tell you this, i like to have fun with the wall street guys and wall street is not jjst numbers and dollars. it is, it is a lot about that and lloyd blankfein worried about his business model under these conditions but it is also some fun stuff. lori: you fit right in. >> this is what going on inside

these firms and there is a body language indicator inside morgan stanley. they're talking about it, whether he is right, whether it is right this quarter or not i can't tell you. lori: you want to see my, holy crap body language? ashley: that is not hard to interpret, is it? >> can't bet anything by you guys. lori: no, actually i do appreciate your analysis on nu skin and herbalife. that was actually useful. ashley: wow. want to see some body language from charlie now? lori: he likes me. thanks, charlie. ashley: thanks, charlie. we think. lori: see you for lunch. >> like. halftime. lori: 2014 oscar moms, did you hear about them? they were unnailed. ashley: charlie got a oscar for what he did. "gravity" and "american hustle" leading the pack. all the snubs and surprises next. ♪

[ 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 ery great idea begins. and of those o believed they had the power to do more. dell is honored to be part of some of the world'great stories. that began much the same w ours did. in a little dorm room -- 2713. this magic moment ♪ ♪

ashley: we have breaking news for you. back and forth on nu skin. the stock again halted again after china says it is investigating, what they're investigating is the business model. as you can see nu skin down now 38, 39 percent, where it has been down 44 bucks t briefly reopened a few minutes ago. maybe triggering the circuit breakers. herbalife with the same business model also down some 10% today, 71.50, very high volume all for both stocks. herbalife is down 11 1/2%. kind of getting caught up in the nu skin -- lori: charlie put it the collapse.

ashley: collapse, yeah. lori: we're on top of those two names gapping much lower here. the meantime, the oscar noms are out. dennis kneale here with the skinny on which films are favorite. who got robbed? >> thanks, lori. as dustin hoffman once said in his oscar speech, it has no genitalia and it is carrying a sword but the oscar statue, one of the most coveted prizes in the world, no one film dominates. 10 nominations apiece for "gravity" and "american hustle." nine for "12 years a slave." those three lead the field of nine best film nods. now the strongest may be for best actress. four of the five nominees already won an oscar. hollywood will have to decide whether it is tired the old guard, meryl streep, judi dench, sandra bullock lock, cate blanchett in favorite of the one, amy adams "american hustle." she has seven nominations previously. best actor, aging bruce dern in "nebraska" pitted against ever

young leonardo dicaprio as immortal party animal in world of wall street. matthew ma con hi may be the favorite. two snubs, tom hanks and oprah winfrey on actor nod they're saying. five best director nominees. five of them, for the best film nominees but that leaves out four directors who pot best film nominees but no best director. you've got, "philomena", captain phillips and and "dallas buyers club." maybe they all should have been nominated. more the merrier. who got robs, tom hanks, "captain phillips." he already won two oscars. heard about oprah winfrey. here is who got robbed most of all, "american hustle." oscar for hair and make up. that christian bale combover and so life like. and sad. bradley cooper in tight curleyers to give him the 1970s permanent, engineering miracle. one last thing. good sign from oscar gods, even

biggest bomb might be oscar worthy. disney's "the lone ranger" which lost close to 200 million bucks getting two oscar nods, visual effects and hair and make up, that crow on johnny depp's head. ashley: up for an oscar. >> yes it is. lori: category for best picture. >> more nominees. they do nine. used to be five. lori: ton of movies. >> you got to wonder, do we think hollywood, wonderful as turns out, nine great films in a year? i don't know that it does. lori: thanks, dennis. ashley: interesting stuff, dennis. thank you so much. well it is a death knell for jcpenney? the retailer laying off thousands and closing stores. our all-star panel coming up next. meantime yahoo! firing its coo enrique decastro. will he get severance pay, he will get severance pay, $42 million. the question, how much severence do you need to leave your job? tracy byrnes joins me next with your tweets taking you through

the next big money hour of "markets now." [ telephone rings ] [ shirley ] edwa jones. this is shirley eaking. how may i help you? oh hey, neill, how areou? how was the trip? [ male announcer ] with nearly 7 million investors... [ shirle] he's right here. hold on one sec. [ malennouncer ] ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male annncer ] and we do. it's how edward jones makes sense of investing. ♪ open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, exnd here, or start a new business here and pay no axes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it.

start a t-free business at startup-ny.com. she loves to shop online with her debit card. and so does bill, an identity thief who stole mary's identity, took over her bank accounts, and stole her hard-earned money. unfortunately, millions of americans just like you learn all it may take is a little misplaced information to wreak havoc on your life. this is identity theft. and no one helps stop it better than lifelock. lifelock offers the most comprehensive identi theft protection available. if mary had felock's bank account alerts, she may have been notified before it was too late. lifelock's credit notification service is on the job 24/7. as soon as they detect a threat to your identity within their network, they will alert you, protecting you before the damage is done. lifelock has the moe identity theft protection available, guarding your social secity number, your money, your credit, even the equity in your home.

my years as a prosecutor taught me that we all need to protect ourselves from crime. in today's world, that includes identity theft. it's a serious problem. we all have to protect ourselves. [ male announcer ] while identity theft can't be completely stopped, no one works harder to protect you than lifelock. you even get a1 million service guarantee. that's security no one can beat. you have so much to protect and nothing to lose when you call lifelock right now and get 60 days of identity theft protection risk free. that's right. 60 days risk free. use promo code notme. order now and get this document shredder to keep sensitive documents out of the wrong hands. a $29 value free. don't wait until you become the next victim. ♪ ♪

tracy: good afternoon, i'm tracy byrnes. ashley: i'm ashley webster. jcpenney on death watch. can it survive after closing stores and laying off thousands? our all-star pap nell in moments. tracy: best buy also getting a lump of coal for christmas. shares down big-time on horrible holiday sales. can anyone really beat amazon and the when? ashley: yahoo! firing its coo after less than a year. get this, he walks away with $42 million in severance. how much severance would you take to leave your job? tweet us. tracy: a seaworld of problems. lizzie macdonald ahead with her exclusive look at money woes splashing around for the country's leading theme parks and shareholders. shamu, i have a soft spot for shamu. that and much more on this whale

of an hour on "markets now." ashley: very good. top of the hour. time to look at stocks. let's go straight back down to nicole petallides on the floor of the new york stock exchange. it has been a busy day, nicole. >> it certainly has and a busy week on wall street. don't forget this is an expiration week and that will often bring volume and volatility. that is what i was hearing from art cashin at ubs. dow jones is down 67 points, off the lows of the day. nasdaq is squeezing out a gain, sitting there in positive territory less than a point. the s&p 500 down a quarter of 1%. vix, fear index to the upside. we do have commodities like oil and gold that are higher. big picture, week of 100 point swings. first day of the week, since then we've had 110 point gains on tuesday and wednesday. right now to the downside. back and forth action after record this is week. best buy down almost 29% after

holiday sales were dismal and @ad to cut prices and discounting and terrible day for shareholders. look at nu skin. we brought you over to the post. the crowd has been there. we are seeing it right now, down 33% at 77.51. you can see the wild gyration in the middle of the day. it was halted i believe three times. 95.83 was the high. they are working with chinese authorities as probing a possible pyramid scheme. on the other hand nu skin is looking into it and trying to say they're working with them. back to you. ashley: nicole, thanks very much. tracy: we've been talking about it. the death knell for jcpenney. or can it actually survive for another, month, let alone christmas shopping season? the retailer laid off 2000 people and closing 33 stores. we're joined by better fleckinger, strategic resource managing director and charles

payne. better, to you first, can they keep the doors open in this place. >> it is hard tracy. mike ullman will have the perform the seven miracles of hercules as sword of damocles from lenders and creditors and lenders hanging over jcpenney about to drop. ashley: charles, what do you say? has it gone beyond the point of return? >> i don't think it has. the news they closed 33 stores? ashley: yeah. >> i thought it should have been more. to burt's point, the sword of damocles over your head. my subscribers were long the stock at 8.30. we were up at one point, should have took it. when it popped to 10.50. when you make these moves you have to make really dramatic moves. i thought this was a good time. listen we'll save 65 million much this was a really time to have kitchen sink sort of announcement. wall street, i saw one firm said they liked the news. another firm, ubs said new

target is 5 from seven. ashley: too late to me. >> feels like it, remind me of the dillard's story a little bit. a lot of people thought it was a decade ago they would go out and they performed an amazing miracle but things changed since then. tracy: ashley's point, too little too late or not enough time to yours as well, vendors factoring payables, cost of goods go up. you're digging yourself in a bigger and bigger hole. you can close as many stores you want but debt is through the roof now. >> you're correct. going against better capitalized and capable competitors. macy's, nordstrom, marshall's, tj maxx, off priced players and department store players. as ashley referenced amazon.com, zappos. shoe line.com. macy's and others spent record amount of advertising against jcpenney. they can't afford to spend that

amount of money on fox, print or anywhere else. macy's putting money in private labels. they have enough arizona jeans, men's suits st. jobs in their stores. they don't need anymore private label brand and they don't have enough brands at jcpenney. >> can't have enough st. john's. ashley: hey, burt, i wanted to follow up on some of your notes here. you say they made a tremendous mistake losing a section of their consumers, hispanic consumer. you say they lost the core of that sector of the market. why, how did they blow it i guess is my question? >> they blew it because target, macy's, others, between univision, telemundo, latina magazine, really appealing to the spanish-speaking shoppers, particularly latinas. and as those shoppers shifted to other stores, they took three generations of the family with them, shopping particularly on sundays and weekends from

weddings, christenings, first communions, big graduations, and when the shoppers left, like the old elvis presley line, they left the building and they're not coming back. tracy: remind me about sears, charles. you know how i feel about sears, i need to shower after i walk in the store sometimes. that is how it is feeling. why would anyone own the stock when to burt's point, macy's loaded in cash. >> macy's trading at all-time high and jcpenney all-time low. you know, it is not one of these things you're going to put all it but i think, you know, they have got enough cash on the balance sheet to last them more than a month. and there is no doubt that the odds are long. that's why if they do turn it around, of course that is a big question mark then the reward will be pretty big. >> tracy you're raising key point about sears. sears had two miracle workers in the '90s that came over from robinson macy's west, saks fifth

avenue respectively. developed a softer side of sears. completely turned around at sears. the common denominator what you said about sears is that wall street, with bill ackman, pershing square and real estate with vornado, they're making decisions for jcpenney that led the company down the drain. they don't have enough merchant on the team. mike ullman is a capable guy but he doesn't have the people to get the job done. >> when they brought in the superstar from apple. tracy: yeah. ashley: bring ullman back. ullman's record wasn't that great in six years he was in charge prior to johnson, right? >> six years of declining sales and profits under to charles' point, yahoo! president and ceo got $42 million severance. to your point, ashley, ron johnson depending how you calculate, $60 million man mistake. might have gotten up to $100 million for wrecking one of the great american retailers

along with the real estate interests and wall street interests controlling the decisions at the company and making the mistakes. albert einstein definition of insanity, make the same mistake over and over again expecting a different result. tracy: you pay for it. -- get paid for it. ashley: burt, you say we're in the middle of a mall and retail recession you say that could last 500 days you were saying? >> very possibly, class a malls and tier one malls anchored by nordstroms and macy's of the world, they will do wall. bb and c malls anchored by penn, sears, toys "r" us. they will suffer. toys "r" us dated bonds traded down to 74. that is deep distress levels penny levels an below. >> they already suffered a large amount. a lot of these things will be concern about the distribution centers. for the most parts, for amazons of the world and all people will promise u forget overnight

delivery, forget that if you order on the net we'll get you there in a hour. ashley: from a drone. drop it in the front yard. >>? jersey they keep building them. tracy: i know. >> they keep building little malls to the big malls. adding to them. tracy: they do. >> the mall capital of the world. ashley: it is. good stuff, guys. tracy: sears only one up in the whole group. >> talk about two miracle workers. the real miracle worker was eddie lampert kept it alive on his reputation, the stock, not the company. tracy: thanks, burt and charles. ashley: homebuilder confidence heading down toward the basement. why builders are less positive about the future. tracy: bernanke's long good-bye. big ben again sits down what may or may not be his final interview as fed chair. we don't know. peter barnes ahead with what he had to say. ashley: up next liz macdonald's exclusive on seaworld's killer whale problems. really interesting story. don't miss it. we'll be right back. ♪

my dad has aor afib.brillation, he hashe most common kind... ...it's not caused by a hearvalve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarinvery 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 reducing therisk of . 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 withoutalking to your doctor. stopping increases your risk of stroke. ask your doctor if you ed to st pradaxa

before surgery or a dical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal eeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa sideffects include indigestion, stomach pain,upset,r b. 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.

tracy: shares of seaworld -- shares of seaworld entertainment soaring despite the federal bought trying to shut down the iconic theme park's whales shows. our own liz macdonald investigating this with scary exclusive details. >> here is what is going on. seaworld, bip the way in the media preannouncing record revenues for 2013. not talking about profits just yet. their profit report is due out in march. costs are going up. ticket sales not so hot last year for first nine months of sea word. behind the scenes this company is under fire, it is under siege. it is doing a mean top spin in terms of damage control in the wake of that "blackfish" documentary where this killer whale killed, blamed for the deaths of three people, two while at seaworld, including the veteran trainer dawn brancheau. what happened was, we got on the phone, did a deep dive into seaworld's sec filings. talked to seaworld.

seaworld told us basically the deaths are quote, tragic accidents. the whales are not considered aggressive. court records which we have, fox business has, indicate that seaworld knew back in 2009 that five whales were aggressive. let's put up what the statement is on the whale that killed the trainer. that this whale, tilikum, actually was accused of lunging at, watch this, during times of frustration due to social stress. it has, tilikum has exhibited aggressive behavior, sometimes lunging toward control trainers. so when we got on the phone to seaworld to talk to them bit, well, you know, the trainer wore a ponytail and tilikum the whale thought the ponytail was novel object in his environment. ashley: something to play with? >> listen, this trainer wore ponytails six years around tilikum, so did other trainers. another trainer testified in court. that is not an issue that she too wore ponytails. it has never been an issue. what is happening now the

federal post is stop saying whale trainer interactions. shut it down. osha says it is unsafe work environment. seaworld is battling basically osha in federal court, appeals court. here is the other thing that is going on too. with this top spin that they're doing, this is a textbook case how a company should and should not do damage control when something so deeply damaging comes across its radar screen. now you see it going into their sec filing into their earnings statements. hear is what is going on. seaworld was brought public last april by blackstone. the private equity shop did a classic lbo. they loaded up seaworld's balance sheet with debt and pulled cash out of debt file in form of advisory fees, loan fees, all sorts of fees. what seaworld is doing now, telling the world, submarined in the filings, yes we do have $1.9 billion, billion dollars, when that company had losses in the first six months of last year. $1.9 billion in total

liabilities. in order to service that, you know, debt load we have this, their version of cash flow. it is called adjusted cash flow that is actually inflated. it is not the classic cash flow figure that companies use. ashley: is this argue growing to go away or are they really starting, this is something obviously that will be tied up in the courts but what is it doing to the theme parks? you mentioned ticket sales were off last year? >> they're saying fourth quarter they had solid attendance. we have to wait for the march report. ashley: yeah. >> when you see a company so aggressive out there trying to do damage control, so aggressively posting their own versions of cash flow numbers to make it look better than it is that is something to watch for as an investor. we've got to wait for that march report to see if profits come in. they posted losses the first half of last year. not great for first nine months of last year. we have to wait and see for march. ashley: they're breathing a sigh of relief that the document wasn't nominated fors car.

that would have really brought it to the forefront. it is already out there. >> musical acts are canceling. will any nelson. trace atkins, martina mcbride. a bunch much musical acts will not perform at seaworld. this is pressure on the stock, in terms of ticket sales. seaworld says the documentary is unfair, slanted, we do a lot to help animals. tracy: we've got to run on that but thank you very much. >> sure. ashley: quarter past the hour. let's get back down to nicole petallides at nyse watching financial names, nicole. >> we've had a busy week on wall street. goldman sachs and citigroup came out with their numbers. both were hurt by fixed income trading or the stock, fixed income revenue to be more specific. citigroup down 4.25%. goldman sachs is down 2.1%. with the lower bond trading revenue, that hurt the them, currencies, commodities, these are areas they do well in however not this latest quarter. one thing interesting for

goldman sachs, compensation and benefit expenses did fall. so what they're paying out to the folks that work there, which is, they pay out 36% of the revenue and that is the lowest since 2009. they have cut back on that. citigroup talking about the fact that they didn't finish as strongly as they would have liked but they have made substantial progress towards key priorities in 2013. the latest on nu skin, let's bring that up. that is very busy over the last hour or so, halted several times, down 33%, down 38 bucks at 77.12. the low was 67.51. the company says it is too early to know whether previous guidance will be effective. that will be interesting if they have to restate any numbers. they are working with the government and the fact they're reinforcing training and education efforts. meantime the stock is blowing here. ashley: wild day for nu skin, nicole. thank you very much. well, tip-off over bitcoin.

why one nba team is accepting the digital money as payment for game tickets. that's next. tracy: the envelope, please. that time of the year. "gravity" and "american hustle" have a golden morning. dennis kneale ahead on big oscar nods. something happened on the road to the housing recovery. why homebuilders are cutting back. the dow is down 66 points. don't go anywhere. [ 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. ♪ 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

♪ there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a protion is in order. good news. i got a new title. d a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex.

>> 22 minutes past the hour. hi, everybody, i'm jamie colby. this is your fox news minute. secretary of state john kerry is making a statement on the situation in syria. he did this past hour, urging an end to the violence, saying voices of the syrian people need to be heard. he is also pushing the syrian opposition to vote in favor of attending the peace talks in geneva that take place next week. north korea today calling on its rival south korea to halt what they call hostile military actions to help build better relations. despite a rare attempt for diplomacy, the secretive nation will approve the nuclear program. south korea's defense minister says it will go ahead with those drills. there is bad news if you're in need of urgent care. there is a new report find folks

may have to wait longer and face challenges at u.s. emergency rooms going forward. according to the american college of emergency physicians, due to higher demand because of obamacare. those are the headlines. back to you, ashley. ashley: jamie colby, again, thank you so much. >> you're welcome. ashley: homebuilder sentiment starting the year off in a slump, dropping to a reading of 56 compared to december's level of 57. meagan mcgraph, senior analyst at mkm partners is here to say don't read too much into this month's number. thanks for joining us. historically, when you look at it anything above 50 is on positive side. reading whatever it was, 57 in december, 56 in january, still pretty positive, wouldn't you say? >> i would say. more builders are saying things are better than worse. if you look a year ago, when the market was booming we're at rean we were january of last year. also a slow time for home building. ashley: yeah. >> i think next month's read

will be very beginning of spring selling season when builders sell most of the product. the next two readings are will be much more important than this one. ashley: we heard consistently of inventories many parts of this country are low. i think doesn't that play into homebuilder if you can't find existing homes, you may be tempted to have one built. as the inventories rise, is that more of a challenge for new homebuilders? >> it is. we keep a close eye on the existing home inventory. we're still at levels that says you should see price appreciation overall in the market. there is not at love competition. we're under six months of supply existing. we're about four 1/2 in new. still relatively low. if you start to see inventories kind of creep up beyond six months into seven months of supply, that is when i expect pricing competition to increase a little bit. ashley: buyers or sellers market right now? >> i think it is still pretty much a sellers market these days. ashley: okay. >> inventories are very low. we do a brokers survey every quarter. brokers are saying inventory

quite low in their markets. they want inventory to go up to have more to sell but we're still seeing pretty low levels. ashley: are you concerned of mortgage rates starting to creep to a level, getting to the point where it will start having an impact? >> clearly it did over the summer. ashley: yeah. >> big shock of interest rates, higher move pulled the market back. what we want to see overall mortgage rates go up at the same time the economy improves. that way incomes are growing going up and offsetting impact to the potential homebuyer. we didn't get that over the summer. as economy gets better -- >> they go hand in hand. is credit easy to get? new mortgage rules went into effect this year which makes it harder, right? >> it does. there is lot of debate. they went into effect january 10th. we don't really know. fed beige book came out and couple districts pointed to that as a concern. so it is something we're watching pretty carefully. still pretty tight to get a mortgage. we think it will slowly start to loosen as home prices go up.

that banks will feel more comfortable lending but it has been a gradual process. ashley: as you look at homebuilders what stocks do you like? >> we have three dice in the home building space. d.r. horton, kbr and to brothers. ashley: why do you like horton. >> the stock pulled back and underperformer in 2013. this is biggest builder in the u.s. as order growth recovers after pulling back in valuation looks good. the company always in focus on costs. as prices get more competitive you want the company that focuses on costs. ashley: lots of great information. >> my pleasure. ashley: appreciate it. thank you. tracy: good stuff. of coming up in the next half hour of "markets now," another swan song for big ben. ben bernanke key sums up the west best and worst of times as fed chair. ashley: small business licking its wounds after losing a big one over obamacare.

kate rogers with the story ahead. tracy: talk about golden parachute, yahoo! firing its coo and he will get an estimated $42 million. how much severance would you need to leave your job? your tweets and the full story ahead. the dow is down 77 points. don't go anywhere. [ male announcer ] once, 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 trading platform. ♪ [ indistinct talking continues ] [ 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.

is your tv powered by coal? natural gas? nuclear? or renewables like solar... and wind? let's find out. this is where america's electricity comes from. a diversity of energy sources helps enre the electricity we need is reliable. take the energy quiz. energy lives here.

590 minutes until the close, the dow is off 75 points, more red and green. what is the focus on united health? down after fourth quarter results, the company saying reporting higher profits and members, the insurer raising concern that obamacare will lead

into this year's profits, stock down one.98, the impact on the actual dollar itself, 15, 17% of the dow moving lower because of the stock. there's a silver lining, they expect growth as more people sign up for obamacare, down today $2. nicole petallides on the stock exchange looking at some stocks that are moving higher today. nicole: looking at solar stocks, they are jumping, solar city moving to a new high end of these stocks with the arrows today because of a call out of. a bank which by the way raised the price target, and in that one 30% higher than the prior target, stock itself is up over 10% and moved to a new high at $76.70, solar and sun power as well with up arrows and they talked about overall how the customer base could double by

the end of the year due to rise in residential solar markets. they went in depth in this report saying it was a bullish case. however it they are obviously leaning towards this bullish case which is why you see solar city and the rest of the group of solar's stock up arrows. ashley: thanks so much. tracy: the long goodbye, federal reserve chairman ben bernanke making what again is expected to be his last public appearance as head of the central bank, the turbines live for the event. peter: he has a couple weeks before he is gone so maybe we will hear from him one more time but at least today he was at the brookings institution in washington to look back at the financial crisis, the history of all that and all the extraordinary measures the fed took under his leadership to try to save the global economy from a second great depression.

talking about his legacy here and defending all of this but as he accepts the fed is starting to exit, quantitative easing for example, all that starting to taper, and he said the one credible risk to him and unwinding all this is possible financial instability, possible bubbles in assets but he says don't worry, the fed has it here is what he said. >> watching this very ville -- we developed tremendous capacity for doing that. we don't think -- we don't think natural stability concerns should at this point -- detract from the need for monetary policy accommodation which we

are continuing to provide. >> for the current stock market, not out of a range of historical norms. tracy: perfectly eve base of to get another seat. thank you. ashley: small business licking its wounds after losing a big one in court over obamacare. kate rogers with the story. >> even the obamacare was upheld in supreme court in june small-business owners across six states took the government to task, suing the h h s, the treasury and the irs and say because they live in states, 34 across the country that opted not to set up a health insurance exchange that the individuals there and the business owners

should not be subject to the individual mandate penalty and employer mandate penalty for not complying with the law. those penalties are key because taxpayer dollars go toward subsidizing care for fecal across the country through the federal health exchange. this is a loser for them but they already appealed it. tracy: the subsidies kind of make no sense, there is nothing they could do. the exchanges are not there. >> they can purchase through a federal insurance exchange but would these business owners indicated and the attorneys organizing them, the competitive enterprise institute, he says they have a case and already appealed and could get as high as the supreme court which would be huge. ashley: because the supreme court upheld this, the supreme court will then go back and ruled differently on this case? >> it is the particular case ended is about the wording in the lie and a subsidy so if the

supreme court were to side with the plaintiffs would be huge because it would undo this subsidy pot which goes towards finding care for people across the country. tracy: another piece of this that is being unraveled by -- you have been following this with young people as well. they are struggling with it, small businesses the struggling with it and everyone has to do something by april 1st. >> the small business portion hasn't hit home yet. these small business owners are ahead of the curve as plaintiffs in the lawsuit but come 2015 every business with 50 or more part-time workers has to start offering their workers care so that is yet to come and potentially bigger problem. ashley: this has been appealed and could go back to the supreme court so this could be in court for some time. >> i spoke to an analyst today who felt it could happen in the next 6 to 9 months depending on how the circuit court in d.c. rules so we will see what happens. such an interesting case to keep watching. tracy: it continues to lead to

the uncertainty. ashley: thank you some much. tracy: there is an apps for that. can manage your money but can you ensure all your passports are saved? ashley: yahoo!'s c 00 is getting $42 million in severance pay. how much do you need to leave your job? your tweets and that story next. tracy: take a look at how the 10 and 30 year treasuries are trading, down 5 basis points, 2.4%, the dow down 77. we will be right back. ling ] [ telephone rings ] [ shirley ] edwa jones. this is shirley eaking. how may i help you? oh hey, neill, how areou? how was the trip? [ male annnc ] with nearly 7 million investors... [ shirle] he's right here. hold on one sec. [ malennouncer ] ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do.

it's how edward jones makes sense of investing. ♪

cheryl: i am cheryl casone she with your fox business brief. tiger officials will testify about the company had been a breach, cyber threat of credit card and personal information impacted 7 million target customers. a subcommittee that the house energy and commerce committee will conduct the hearing. the nba sacramento kings accepting the first pro sports franchise virtual currency as he and, of the team says fans can use bitcoin to sell tickets and merchandise at the arena starting first of march at the team website. bernie eggleston will step down from the f 1 board but standing trial on bribery charges accused of paying the $45 million bribe to a german banker during the

sale of the parent company in 2005. he denies any wrongdoing. that is the latest from the fox business network giving you the power to prosper.

cheryl: the big knock on millennial is they don't know the value of the dollar and spend more than they make but a new apps is called level money and it is hoping to remedy asking as the search will barometer for your money. how much you can spend every day without going into the red. joining us now for tomorrow's business today segment is co-founder jake when tests. you got to tell everyone how this works. you have to get hooked up to my bank account. >> that is right. it is fundamentally different from what budgeting applications do. we eliminate the need to budget and replace it with real time money needed it tells you

everyday, every weekend agreement would have left to spend today so you can remain in the black. tracy: a big list of banks, all american banks, i bank with td bank, not enough time to talk about my feelings for them. you would need my password and get all my information so my paycheck comes to the bank and don't i then have to input my monthly expenses? >> no. we automatically detect your monthly income, your expenses and we tracked your monthly spending as the month goes on so that you just open the application and see where you are today. cheryl: how do i know i am safe and secure? you get access to all this information including my paycheck, that is a little sketchy. >> we are completely committed to security and privacy of your count. is absolutely critical to us. we do that in a few ways. we have been leveling corruption security that protect our system, we regularly hire outside hackers to come in and

break in manhattan been able to and we partner with into it to manage the most sensitive information and already trusted by millions of people. cheryl: how do you find hackers? are they a klystron monster? someone out there is thinking this is going to take off. do you think that your generation is going to be checking its phone every time they purchase something and that the second big x comes up and they will stop? >> no. what we want to do is provide people the right information. the way people do this today is they manage their money on the back of an envelope, checking the bank account balance on any tee and receivee. we don't want to say you have to stop spending to did give people the right information to make their own decisions. tracy: there are a lot of budging websites and part of what makes, pain in the neck is you have to do so much in putting, so somehow you are able

to figure out what my required expenses are versus the ones i make every month and not required for that is quite ingenious. >> we found that people don't think in categories like entertainment and food and other things. we are trying to enter more basic questions like emma generally feeling which today or not? we don't say i can splurge and entertainment--congress trees. we don't think that we. with the fog the process. tracy: i hope there's a day i am generally feeling ridge and i hear you are good at pingpong the. there is that. thank you so much for being with us. ashley: time for your take minute. yahoo! firing its c 0 after less than a year. he is walking away with $42 million in severance. how much in severance would you take to leave your job? your tweet at the bottom of the screen, jo lin king joins us

with the most bolden of golden parachutes. >> firing this individual after% only 15 months. this is that $119 million mistake, the post from apple, google, 15 months ago, has not delivered and she is forcing him out, castro is walking out the door with a severance package that could be worth $42 million. a spokeswoman for yahoo! declined to elaborate on why he left, but in the internal e-mail obtained she fired him quote met during my own reflection 9 made the decision, the difficult decision that our c 00 should leave the company. i appreciate his contributions and wish him the best in his future endeavors. over the last few months, she has exerted pressure on him because he was not delivering the third quarter numbers, there was a 7% drop in display ad revenue, sales, x tax fell to

$421 million from $452 million year-over-year. there reallocating his responsibilities and effective more executives reporting to her directly. taking a look at the stock right now it is down 2%, has been sitting there for a while today. not too bad considering the executive -- i don't think it is added by the ali baba allocation, they are doing very well, yahoo! 24%. ashley: i am sure he is not pleased but walking away with potentially $42 million, plenty of time to cry into your beer. thank you sell much. as many as you want to. it is just after quarter of the hour as we head to the new york stock exchange. as we do every 15 minutes jason wise birds joins us now. you would leave your job for $42 million? >> that is a real quality

problem. ashley: let's schedule the market down 71. why are they down today? >> a few anomalies going on at the moment. we seen a couple during the week, game stop, new skin today, profits have been pretty good, earnings have been pretty good, financials, a little profittaking. we have been stuck in neutral since the beginning of the year. we see these down days and they like to talk about it, but the fact is we are stuck in neutral. i am a little surprised we haven't seen more upward bias to this point but especially with the year earnings that come out i really have no solid explanation why we are down 70 points today, but at these levels of the indices, down 70 points is a blip on the radar. ashley: what participation are we seeing? how is the volume? >> really anemic which isn't too

surprising, but again i am surprised we haven't seen more upward bias in a net upward change on the year to date. hopefully we will get at the second half of the month as we get into the meat of earnings season. ashley: thanks so much. tracy: and the winner is gravity. coming away with the most nominations this morning. dennis kneale ahead with the big astronaut. ashley: today's winners and losers as we head to the brake on the nasdaq, with some of the only retailers moving higher today. we will be right back.

ashley: breaking news, neiman marcus c. e l apologizing for the customer card data breach claiming the malware problem has been fixed and there is no connection to the target breach, the privacy offering free credit monitoring to shoppers as a result of the breach. the fix the problem and apologize. tracy: the nominations have been announced, who came out on top? who was a favorite? dennis kneale. dennis: let's start with the -- nine nominations, ten nominations each for gravity and american hustle, nine nominations for 12 year displace those films are the key ones to watch. was hollywood really that great? of very good film got a best not but no actors, no supporting actors, no director, juss best song, score, screenplay, should it be a best film?

the women, especially strong field of women, best actors called but one have won and oscar so are we sick of this? is it time for amy adams? 7 nominations, four years or seven. and supporting actress who got two quince, julia roberts, and he said gen lawrence when again which will be the second year in a row. best actor, tom hanks really robbed? that is what a lot of people were saying. matthew mcconaughey is hollywood's 11 actor. and the best supporting actor, this unknown gentleman from captive phillips who plays one of the terrorists and he might be a dark horse to watch and fifth let's look at best director, four best films, did not get nominated for best

director. and her and philip, you wonder if they shouldn't have been in that. and this is an outrage. the oscar nomination for makeup and hair styling, no nomination for american hustle, christian bale come over and bradley cougar term? what where they thinking instead? jackass. the academy should be ashamed and take a look at this. the lone ranger, the biggest loser of the year close to $200 million, it gets two loss denominations, one for visual effects but the other for makeup and hair style. on johnny depp's head getting the nomination rather than the come over and the term for american hustle, the biggest one. ashley: that was awesome.

staying with us. ashley: is somebody not used to losing? oprah winfrey, she has been bumped from the top spot of forbes's most influential celebrities list, you have a hard time guessing who knocked her off of the top spot. do you know? most influential celebrity? >> i don't know this. ashley: movie director steven spielberg gets 47% of the vote according to forbes. last year the 67-year-old director was in second place behind -- tracy: like lincoln? ashley: it is hard to see oprah in anything these days. tracy: what do i no? ashley: coming up on "countdown to the closing bell," where to put your money? listen to this man, founder of the vanguard group and almost a quarter of every dollar invested in long-term new cit--mutual

funds went in this fund in 2013. a fox business exclusive and we will be talking to liz next. [ 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 of some of the world'great stories. that began much the same w ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new tle. and a raise?

management couldn't make that happen. [ male announcer ] introcing fedex one rate. simple, flat rate shipping with the reliability of fedex. run your ente business with all-new intuitit.kbooks.ate. get paid howeverou want with it. get real work done wherever with it. make all your numbers play nicely with it. say "buh-bye" to theld way with it. n yroll with your finger with it. scan receipts with it. sync this stuff with that stuff and that stuff, with it. maintain your sanity with it. this is yourusiness on the all-new quickbooks. run with it. [ male announcer ] wt kind of energy is so abundant, it can help provide the wer for all th natural gas. ♪ more than ever before, america's electricity is generated by it. exnmobil uses advanced vualization and drilling technologies to produce tural gas... powering our lives... while reducing emissions by up to 60%.

energrglives here ♪ >> he might be the one person who knows the way for you to invest, a fox business exclusive with legendary founder of the vanguard group john bogle, considered the father of the index fund. number one every year for the past two decades, controls $3 trillion in assets. he tells you the secrets of his profitable stock and ways to invest your money now. it is definitely not your father's j.c. penney, no coupons, news team, told king, new logo, same old penneys and 2,000 layoffs and j.c. penney

divided. this year's assassination turns his attention to a c penney telling us which retailer is worse. and ever wanted to see exactly what an olympic ski jumper experiences as they hurtled through the sky at breakneck speed? what it must be like to surf the pipeline in now you can courtesy -- will be able to watch a lot more as it gears up for the winter olympics. "countdown to the closing bell" starts now. tracy: how is it, and i am liz claman, good afternoon, last hour of trading, markets pulling back. and the lows of the session we were down 106 points on the dow jones industrials, what is happening with the major