tv Markets Now FOX Business January 21, 2014 11:00am-1:01pm EST
11:00 am
president obama begins his sixth year in office. the stock market near all-time highs, a growing dissatisfaction when it comes to the state of the economy. that might be the case. the u.s. sending air and naval assets to secure the winter olympic games, this after more concerns surfaced about a possible terror attack at the games in russia. more on that coming up and then a new music streaming service adds to an already competitive on demand music market. we have the latest on that. the snow coming down in the new york city area and across the northeast and causing major headaches for travelers, more than 2,000 flights canceled, expected to grow and get worse as the storm intensifies. all that and more coming up in this hour of markets now.
11:01 am
a picturesque background for markets in studio gee. dagen: how are you holding up? connell: doing great today. the net looking at the snow. connell: nice to look at as long as you sit in here like us. dagen: that is real, not a green screen behind us. connell: you are telling me. as if i am going toe window. thank you for that. get a genius. connell: is that real trading floor down there? nicole: a real trading floor. no traders, they are on the inside of the booths. that is one of the new things around here but let's talk about what we are seeing with the markets, starting off in the green and the dow jones industrials down 40 points, johnson and johnson in part to blame for that, the nasdaq composite up 1/3%, the s&p 5001831 with a gain of 0.2%. the vix, the fear index is to the upside, a busy week of earnings, a lot of technology
11:02 am
earnings. let's at apple, and in we are watching so closely. and society general worried about slowing iphone sales, 5 x, and 5:45, upside potential. we obscene stock rising recently. there was the reason the judge panel here, now considering pertaining to e-book compliance. to the near-term but that is an ongoing issue. connell: the stock market may be the all-time high that you hear about all the time but according to a new poll many americans are actually dissatisfied with the state of the american economy. dagen: rich edson live from the white house with much more. rich: hang on, the wind went ahead and blew my earpiece out.
11:03 am
this is not a green screen. dagen: we know it is not a toupee, that is clearly a real air. congratulations. fantastic. the weather is celebrating the president's 6 year in office with a snowstorm in washington d.c. and hasn't quite a ride in the polls, if you look at daily tracking polls, a upside-down. more people according to gallup disapprove of the president and approved by 51-40. that was near 60%, 69% approval and with that the president turned his focus to wealth distribution creating the error economy. the message broadly plays well, 70% very satisfied with wealth distribution in this country, 20% say somewhat dissatisfied and 39% say they are very dissatisfied so with that the administration agenda from here is to push minimum-wage, longer
11:04 am
term unemployment benefits. however it is unlikely the president will accomplish much a and this front. one political analyst says he would have more momentum if the health-care law wasn't such a mess. >> had they have a release successful rollout of the affordable care act, i think his presidency would be looking quite different at the moment but it is not and it is going to take time to regain any sort of trust that the voters of lost on that issue. connell: these benefits could be smaller deals made on that but any big type of policies the administration is pushing seen dead on arrival with a divided congress. dagen: thank you so much. braving the weather in washington. with the economy continuing to judd along is all of that good news already factored into the stock market. global investment strategist dan morse joining us. stocks run as far as they could
11:05 am
given what is a growing economy but one that is lackluster? >> definitely not. sttcks will appreciate this year, certainly not at the rate we saw last year. that was a bit much but if you look at the way things appear in terms of the economy and corporate earnings is still positive but not at the same rate. the mac seconding that would be the federal reserve and the article in the wall street journal that the federal reserve will cut for a second time on its monthly bond buying program potential in next week. that doesn't hurt economic growth, cut back by the fed doesn't hurt stock appreciation. >> what you are seeing in the market with this type of tepid flat returns of far this year is market adjusting and anticipating, a little nervous on what this is going to mean in terms of tapering. not so surprising this is happening. i agree with you it isn't going to be negative for the stock market or the economy but we want to wait to see the proof of
11:06 am
11:07 am
balance is in favor of a weaker yen so that could help domestic earnings, on the one hand you would say they are behind the u.s. so they should be ready for big depreciation we saw in the u.s. coming in little later. the problem is they have to deal with the relatively limited and restricted and regulated domestic labour market and product market that does make it more difficult for them. they will do ok, but probably not going to see the same rate of appreciation. the making fixed-income what would you overweight here? where would you go heavy? >> it will be difficult for any traditional assets like treasury stansel on. it will happen with interest rates. what people want to look at to the degree it makes sense for their portfolio and risk tolerance looking at high-yield debt because you get yields better than treasurys and the outlook is very good for high-yield companies in the we don't see increase in default rates or risks we paid back the debt so you're getting extra
11:08 am
yield, not picking up too much more risk. it will be those allocations that make the most sense. dagen: back to where we started because the economy is healthy. great to see you. connell: the other big story is olympic security and ease concerns continued to mount, reports have surfaced that russian authorities are seaaching for 5 possible suicide bombers who already may be hiding in that city. with this peter brooks, senior fellow for national security affairs at heritage and former deputy assistant secretary of defense. the big story all over the news, put out a flier basically with a picture of this 22-year-old woman on it who may have infiltrated security. four others, up to five people may have done so. give us your analysis in terms of how serious these threats are. >> i am very concerned. they put out five flyers on five
11:09 am
people but there are probably others out there as well. these are not the only members of these north caucus terrorist groups. i am very concerned and only a few weeks away i don't want to be an alarmist but we have to be very serious and sober about the threat the athletes and spectators and foreign dignitaries face when they go there. stuart: i agree. connell: not i agree a lot of people say you don't want to alarm people but at the same time you want to inform them and have them as prepared as possible, these delegations going politically and otherwise, what should they or do you have a sense what they should be most concerned about? >> obviously it is the lone wolf bomber, suicide bomber. we talk about smart weapons, the smartest weapon is the human being, very affective suicide bombers wearing a vest that can see, react to certain things.
11:10 am
global is the one no one knows about. we know about these five potentials that may attack the torch relay or some part of the games but what about the others out there no one knows about yet? people obviously like in the united states you see something, saying something, russians need to cooperate with the international community, there needs to be good information flow so if we have a piece of information they need for the security of athletes and spectators including americans we need to pass that on, the russians need to be more open about intelligence sharing in case we have a piecc of the puzzle that they don't. a lot of work needs to be done and will be one day a time for two weeks, very difficult, security will be earned every day at those olympics. connell: that area is of concern, that is what we're talking about it, but it will be increased focus on that with intelligence sources you are talking about and. on the ground and these types of things, a story about the u.s. getting involved in helping out. what about other areas that
11:11 am
might be more vulnerable because all the attention is on that area? >> very good point. 40,000 russian security officers, what about moscow, what about st. petersburg, other major cities? obviously it will leave them all the more vulnerable land as terrorists are thinking about that they are going to score if they make vladimir putin look bad and are able to undertake a terrorist attack beyond what he talks about, a ring of steel and security capabilities of his forces so like i said there are other places, people will be coming through airports, moscow and other places on their way to sochi train station. a lot to be looking at. connell: we will have a lot more leading the idioms and potential economic impact but today's the story of these threats are very specific in the news. appreciate it.
11:12 am
dagen: taking on the likes of pandora and spotify getting in on the on demand music business. connell: computer passwords, the hint is you need to work on being more creative in the new year. dagen: password is the password. you know we're you will get the pact? getting stuck in the airport in major snow storms, bitter cold temperatures beginning to blanket parts of the northeast. several thousands.
11:13 am
and she might have if notor kari, the identity thief who stole jill's social security number to open credit cards, destying jill's credit and her dream of retirement. learn that a little personal information in the wrong hands could wreak havoc on your life. this is identity theft. lifelock offers the most comprehensive identityheft protection available.
11:14 am
if jill ha lifelock's protection, she may have bn notified before it watoo late. lifelock's credit notification service is on the job 24/7. as soon as they detect a threat to ur identity within their network, they will alert you,rotecting you before t damage is done. and lifelock offers the proactive protection of checking and savings account takeover alerts. lifelock's comprehensive identity theft proion guards your social security nuer, your money, your cret, even the equity in your home. it doesn't mattew old you are or how much money you have. identity thieves steal from everyone. you have to protect yourself. i protecect myself with lifelo. [ male announcer ] while identity the can't be completely opped, no one protects you better than lifelock. and lifelock stands behind their otection with the power of their $1 million service guarantee. you have so much to protect and nothing to lose when you call felock right now and try 60 days of identity theft protection risk free. 60 ds risk free.
11:15 am
use promo code onguard. order now and get this document shredder to keep sensitive documents out of the wrong hands. a $29 value free. ♪ ♪ dagen: out of nowhere shares of blackberry up 7 percentage a and nicole petallides as the store. nicole: shareholders have been cheering for blackberry. today is no different. what a date for blackberry at 7.5% and this is good news out of the pentagon pertaining to blackberry and blackberry shareholders want to hear this.
11:16 am
about 80,000 blackberries will be deployed on new mobile devices management system by the end of the month. the pentagon will be looking at 80,000 new and old blackberries and the blackberry is known for its high security. stock is $9.76 a share. when you look at blackberry over time you will see it has been struggling, down 40% in the last year or so but this january, shareholders are cheering this year, this january is up over 30%, a nice start to 2014 for the canadian company. connell: launching a new music screening service which will be called beast music as you might expect will allow users to stream customized playlists and artists like pandora and spotify. this apps will constantly be curated by live music moguls creating a virtual connection between users and real industry
11:17 am
giants like dr. dray himself. it can be downloaded for free, a premium service at $10 a month and at&t's offering to add the service on the family plans for $15 a month. live music and price, i guess would be sure to provide strong competition even though his already strong or a crowded market. dagen: for a number of years the worst computer password had been passed word. in new survey done by/data listing the 25 worst clash words of the year and password has been overthrown. according to this company's data, the worst passwords for 2013 was the number one was 123456. password came in second, then 12345678, then qwerty.
11:18 am
then nbc 123. you would think people would come up with more creative log ins. i love you is number 9. photoshop was one of them. these are the worst pass words. connell: every day we do a story about cybersecurity. they need to put that into it in a lot of companies, change it all the time and whatever. why are you looking t me like that? thousands of flight already cancelled and the northeast been hit. you will see it. the storm, that is a real one, talk about what it means for holiday travel plans. we have that coming gadhafi minutes. dagen: forget the snowy super bowl. one idea from the nfl could change the game forever. take a look at world currencies. the dollar versus -- connell: the transition. across america people are taking charge
11:19 am
of their type 2 diabetes with non-insulin victoza®. for a while, i took a pill to lower my blood sugar, but it didn't get me to my goal. so i asked my doctor about victoza®. heaid victoza® is different than pills. victoza® is proven to lower blood sugar and a1c. it's taken once-a-day, any time, d comes in a pen. and the needle is thin. victoza® is not for weight loss, but it may help you lose some weight. victoza® is an injectable prescription medicine that may improve blood sugar in adultth type 2 diabetes when used with diet and exercise.
11:20 am
it is not recommended as the first medication to treat diabetes and should not be used in people with type 1 diabetes or diabetic ketoacidosis. victoza® has not been studied with mealtime insulin. victoza® is not insulin. do not take victoza® if you have a personal or family history of medullary thyroid cancer, multiple endocrine neoplasia syndrome type 2, or if you are allergic to victoza® orny of its ingredients. symptoms of a serious allergic reaction may include: swelling of face, lips, tongue, or throat, fainting or dizziness, very rapid heartbeat, problems breathing or swallowing, severe rash or itching. tell your doctor if you get a lump or swelling in your neck. serious side effects may happen in people who take victoza®, including inflammation of the pancreas (pancreatitis), which may be fatal. stop taking victoza® and call your doctor right aw if you have signs of pancreatitis, such as severeain that will not go away in your abdomen or from your abdomen to your back, with or without vomiting. tell your doctor about all the e
11:21 am
and if you have any medical conditions. king victo® th a sulfonylurea or iulin may cause low blood sur. the most common side effects are nausea, diarrhea, and headache. some side effects can lead to dehydration, which may cause kidney problems. if your pill isn't giving you the controyou need about non-insulin victoza®. it's covered by mt health plans. sometimes they just op in. always obvious. cme group can help you navigate risks and capture opportunities. we enable u to reach global markets and drive forward with broader possibilities. cme grou how the world advances.
11:23 am
>> 22 minutes past the hour your fox news minute. uranium warships on the move to the atlantic ocean according to iranian state tv, the three month voyage is reportedly a training mission. the country hasn't declared any course of call. iran says the recent naval surge is in response to the u.s. navy deployment in bahrain. more violent crunches in the capital city wisely found what is believed to be rubber bullets with protesters holding their ground near the parliament building. russia's foreign minister urged the european government or the ukraine's political crisis and new jersey governor chris christie's inauguration ceremonies are under way just getting under way but a celebration plan has been cancelled thanks to the winter weather in the area. more than a dozen staffers are subpoenaed over political scandals as the second term begins. those are your headlines.
11:24 am
now back to connell mcshane and dagen mcdowell. connell: big names posting earnings results. dagen: not enough to impress the overall market but charles payne, markets down all the time. charles: pulling back but it was interesting. almost everyone who reported this morning had great numbers. by now if you haven't, then more than likely you are going to be to. if you miss now and didn't create enough, really big names, all very impressive numbers but always comes down to the guidance of let's talk about a couple that did well and stocks were up and may still be a. del airlines and halliburton and the reason i like those two is because here are your earnings for this morning, you see all these names beat on the top line and the bottom line, these are recognizedable names, big-time names. delta, what i liked about delta
11:25 am
is we talked about the nickel and diming capacity, starting to improve, latin america capacity was up 16%. these points are real authentic demand. that stock still a. dagen: i saw delta last weekend. charles: halliburton same sort of scenario, halliburton said amazing growth in europe and africa was up 10%, middle east was up 27%. people are starting to sleep on the middle east. here are the things that can hurt you. johnson and johnson mention the affordable care act several times, medical taxes really starting to hurt them and will hurt them this year and the stock was up, now is down. travelers had the most impressive because of the mall, they beat the street, $2.68, street looking at 216. that is a bee. there was no catastrophe. what happened? the year before when all the catastrophes happened they raised their premiums. people think they have to lower the premium.
11:26 am
ironically because they had so few catastrophes people started to connect the dots, stocks opened higher rant is pulling back but the good news almost all of these guys is they are fractionally off their 52 week highs and i like the consolidation. i like the idea of these companies coming out with great earnings and good guidance and consolidating gains, we let people bring the register here and make good names cheaper. connell: we are down 118. charles payne. dagen: it looks pretty but the snow is wreaking havoc on people across the northeast, people trying to travel in other parts of the country. joe bastardi coming up. connell: prostate cancer, researchers are looking into a custom fit treatmentt for individual patients as opposed to 1-size-fits-all. that should be an interesting medical conversation as markets now continues. down market, we have some winners to show you on the s&p
11:28 am
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. ♪ th magic momt it is the story of where every great idea begins. and of those o believed they had the power to do re. dell is honored to be part of some of the world'grt storie that began much the same w ours did. in a little dorm room -- 2713. ♪ this magic moment ♪
11:30 am
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. connell: still to come, next 30 minutes, heavy snow followed by eight deep freeze is blanketing the northwest right now. some flights have already been canceled. plus custom fit treatments for individuals diagnosed with prostate cancer. we will have that coming up before the dow is down right now. nicole: we are looking at dow
11:31 am
chemicals. this is all about third point. $14 billion firm. it turns out this is after a letter that was released, the hedge fund third points as a dow chemical is the largest current equity investment. if that does not promise anything, i do not know what does. up almost 5% today. up almost two dollars. moving forward. talking about what the company can do. whether or not the company can create more values for its shareholders. it seemed misaligned with the changed landscape according to the letter. making some commentary on how to bring more shareholders on. back to you. connell: all right, nicole, another storm hitting the midwest.
11:32 am
two weeks after the majority of the nation suffered from a deep freeze. we have joe checking in now. it is always great to have you on with us. you do with businesses a lot. they are your clients. what are you telling them right now about this particular cold front? >> we have been telling them were a couple we that this is it. this situation is very similar to 1917, 1918 that 93 and 94. this is sort of a false spring. bitter cold air is coming in the last ten-15 days of the month. we feel february it will really be a stormy month across the united states. the cold front may not be as extreme. this winter will continue.
11:33 am
like a rubber band snapping, you may find out that it snaps completely. connell: i am really asking this because i do not know. what is different about what you do versus what we are used to seeing? >> it was drilled into me by my father who is a meteorologist. basically, all my life i have looked at weather maps. now they had an outstanding site where they we analyze all of the weather maps. i can go and match things up all the time. when i hear, o, this never happened before, i laugh at it. you can see it if you just go
11:34 am
look. connell: january to one. february is rough and then march maybe it improves. >> i think march this year will be very different than last year. if your member february 19, 1994, we may have one very similar to that. it will be interesting. a great time to be a meteorologist. connell: the only difference is the knicks were a lot better. thank you, sir. thank you. dagen: let's stay on the weather. bitter cold temperatures expected to remain through the rest of this week. connell: peter is in d.c. today. peter: just about everyone that works with the federal government here in the washington, d.c. area is now
11:35 am
enjoying a four day weekend. all federal offices in the area are now shut down. opm made the decision last night. it is really coming down. some big flakes. there is a lot of wind. the streets are basically deserted except for law-enforcement across the street at the capital. there are some salt trucks and snowplows. schools in d.c. and virginia and maryland are closed for the most part in the affected area. america's national treasures are on display right now, but museum officials say they could close early today and the same thing for commuters. it could be a nightmare commute for people they didn't have to go to work. buses and trains have been running on schedule.
11:36 am
we have seen a mess at airports. 200 plus fights canceled in philly already. throughout the night, crews were pretreating the roads. no way to pretreat windchill and the national weather service this morning, five-15 degrees below could be how cold it gets here. connell: thank you. back to talking about a government shutdown. dagen: where is his hat? i am sorry, they just shut the whole thing down because it is snowing? connell: safety first. dagen: really? watch me fall and bust my you know what on my way to work. [laughter] we have doctor elizabeth thompson. she is back. connell: interesting story.
11:37 am
i don't hope you fall down. keeping its brand here in the united states. we have jo ling kent coming up next. dagen: is it time to eliminate the nearly automatic extra point in the nfl? roger goodell has thrown out the idea. will it get thrown out? ♪ my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ..warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people withrtificial hearvalves.
11:38 am
n't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve 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 conditionor sto, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects includindigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke wi pradaxa.
11:39 am
♪ >> i am lori rothman with your fox business pre. the international monetary fund is raising its global forecast for the first time in three years. the economy will grow by 3.7% this year. that is up from october. the u.s. growth this year will be 2.8%. that is up two tenths from the previous forecast. delta reported better-than-expected fourth-quarter results as fares increase in fuel costs decline. target ceo calling on banks and retailers to start using main credit cards to better protect our data. target trying to adopt the technology ten years ago. they worried it would slow checkout fees.
11:40 am
that is the latest from the fox business network giving you the power to prosper.ri ♪ the face of danger, and r the most demanding circumstances. experience builds character. experience builds confidence. anexperience... has built this. introducing the 2014 glk. he einring and the experience of mercedes-benz. see your authorized dealer for exceptional offers through mercedes-benz financial services. where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? t answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here.
11:41 am
connell: custom options for each individual. dagen: joining us now is doctor thompson. she is the founder of best friends for life. you can get gifts for your love ones going through cancer treatment. how advanced now is the molecular profile? >> we are just beginning to learn more and more now so we can use that information to avoid certain types of therapies that have certain side effects that men do not want to encounter or we can all admit that unity of another form of
11:42 am
therapy like radiation therapy like using hormones. the more information we know about the cancer, the best we can treat it. connell: we have had this conversation more than most because we are both on "imus in the morning." imus has prostate cancer. he went through this whole issue where he was trying to figure out how to treat it. now it seems like it is much more specific. there are more options out there now that are more mainstream. am i right? >> yes. look at a man's age, his psa level, what does it look like under the microscope. we determine what is the best treatment for each gentleman. we have surgery, radiation technologies that and we have hormones.
11:43 am
we have something that takes away for testosterone from fueling the cancer. we have to look at the specific details and the underlying medical condition as well. dagen: the side effects, my father undergoing surgery a number of years ago, the side effects can be horrific for men. that is something that is just not discussed enough. >> that is where we really went with our prostate cancer fad. not only are you dealing with the immediate side effects from having surgery and not being able to sit up or cough without strain, the long-term side effects can often be incidents and incontinent of things that men just do not want to talk about. it really is like choosing even though you will cure the cancer. connell: we show that on the screen as you are talking about
11:44 am
it. we have had you on before and talked about breast-cancer. i think we then got into -- we talked about people right now, but the idea of expanding and doing more for people because there is so much more demand for this type of illness. >> we have all sorts of bags that we create for different conditions. we have a transplant bag that we even have a mommy bag. we want to bring the ideas of what people have learned from going through the procedure so that you really have everything at the bedside. we have one really clever tab where you can hide. we just give men an example of that so they do not have the aid dignity of going to the restroom with a pad. dagen: it is something about women, russ cancer is surgery,
11:45 am
vasectomy, it is horrific. women are so much more willing to talk about it. my grandmother had a mustek me -- she did not want me to be afraid of getting mammograms. >> this is where it is with prostate cancer. i think with man, there is always the risk of incidents. for a man diagnosed, this is life changing. i think what we do as physicians is we try to advise men the best we can. when they make decisions based on their lifestyle, it really needs to cure their cancer. connell: as opposed to
11:46 am
one-size-fits-all. dagen: it was great to see you. doctor elizabeth thompson. we will see you soon. connell: a chinese technology company. they are now turning to cloud computing and data centers. dagen: jo ling kent was able to talk to the companies chief operating officer. >> ceo comments about exiting the u.s. marketing entirely were taken totally out of context. lee says they are not packing up and leaving. >> it is about not wanting to be caught in the middle of the crossfire between the two countries and in that context expressing the sentiment and
11:47 am
meanwhile -- that is not related to the government and it is competition. that is what we want to focus on. dagen: was their confusion then about the presence in the u.s. market after the comments from the ceo were made? >> no. nothing changed. actually, we are being more focused, especially for the enterprise business. we actually ran things up pretty fast. >> they are focused on building up cloud computing, data centers, they are working on bringing new mobile phones and tablets to the market. i asked her, should customers be
11:48 am
concerned about chinese government involvement. of course, she said no on that fact. many members of congress would beg to differ. back to you guys. dagen: thank you. connell: the nfl could be changing the kicking game altogether. a lot of people talking about that. we will be two. dagen: what about the potential job losses. connell: for kickers? dagen: yes. take a look at some of today's winners on the nasdaq. ♪
11:52 am
connell: all right. less than two weeks to go until the superbowl. it could be one of the last games played with extra points. the commissioner of the league, roger goodell, revealed that the league is ending the extra point attempt. it has become almost automatic. it is hardly ever missed. one possible replacement would be counting a touchdown seven points. however, if you are to try and fail, the touchdown is only worth six points. it would be like minus one. like a friend of mine on another network. dagen: talking about around the
11:53 am
horn. [laughter] dagen: but why change what is tradition just for more excitement? i do not think more people walk away from their tv sets just when there kicking for the extra point. connell: i do not know. dagen: it is like nascar. not exciting, we need to change it. connell: usually, change is good for me. i think i need a new coanchor at this point. [laughter] dagen: you just patted yourself on the back. really? some of the biggest names in technology are going to be on. >> love you.
11:54 am
s&p 500 down right now. it is down by about five points. right now, technology, waiting in the s&p 500. they have about 19%. about a 5% has a big deal going for it. ibm, guys, after the bell tonight. look at what is happening with the stock. lows of the session. you will see so far it has been pretty much flat on the year. ibm shares pretty much flat to slightly lower. shareholders really going to be looking for some performance here from ibm. here is what the market is looking for. as far as expectations for ibm, 599 a share. revenue at 22.5 billion for the quarter.
11:55 am
a lot of investors are pointing out the weakness in the last quarter down 70% year-over-year. we will certainly be looking for that. after the bell, texas instruments. a company that has been doing very well over the past year. chip sales will be a big one. tomorrow, ebay reports. later in the week, microsoft. next week, apple, facebook. technology. the s&p 500 today. what happens with these big tech names adeptly drive the markets over the next couple weeks. dagen: sandra, thank you very much for that. connell: in the next hour of markets now, we will have more on this bitter cold. dagen: you'll have to tune in tomorrow morning to see connell. dennis and cheryl will talk to the founder of a new app aiming
11:56 am
to never let you miss ary again. that is all coming up in the next 60 minutes. ♪ 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 o helps sp it better than lifelock. lifelock offers the most comprehensive identity theft protection available. if mary had felock's bank account alerts, she may have been notified befo it was too late. lifelock's credit notification service is on the job 24/7. as sooas they detect a threat to your identity within their network, they will alert you, protecting you before the damage is done. lifelock has the most comprehensive identity theft protection available,
11:57 am
guarding your social security 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. 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 o 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 e next victim. ♪ ♪
11:58 am
became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. 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. a of those o believed they had the power to do mo. 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.
11:59 am
♪ this magic moment ♪ >> they wanted me to go to michigan and i think i am going to go home. >> it is the same thing, right? >> i am pretty much always in the snow bentwood michigan but i think they should the state down this time. connell: the vortexes in the midwest to the east coast. we will take you through the next hour of markets now. wild winter weather once again wreaking havoc on millions across the northeast, thousands of flights already cancelled and the temperatures are dropping quickly. something else is dropping and is good news, gas prices on the decline but volatility could erupt soon. you heard of taxes, what about
12:00 pm
home deliveries? if founder and ceo will be here making his pitch. that and more in the next hour of markets now. this morning the dow spurted up on the optimism that the fed would further cut back on bond purchases, good for the economy, down triple digits. they decided not so good after all. gerri: you were right in the middle of burning season and we heard from the big banks, for the most part pretty good numbers except for citiggoup, nnw we are moving into technology and beyond. media coming out soon. we are going to watch the next couple weeks. it is the top of the hour, stocks every 15 minutes, nicole petallides on the floor of the stock exchange, deep in the red today doll only major index not to be positive year-to-date. what is the drag here, talk to me. nicole: we had back and forth action and traders and big wall street houses still think by the end of this year you will see
12:01 pm
the games of s&p 2,000, dow 20,000, some of these calls, goldman sachs, 1900 on the s&p 500, back and forth action not unusual. today was unusual in that some traders were talking about sell programs that were activated. we did see the market's move higher earlier in the day and we see them sell off. the swing from top to bottom was about 200 points, 16,520 was the top and the low end hovering you have seen at 200 point so swing. there hasn't been at 200 point swing in the dow in about a week. it is worth noting that. some down movers, coca-cola, chevron and united healthcare are some of the names holding on the sum that came in to pressure, johnson and johnson, a little below analyst estimates, some weakness there and that has been weighing on the dow as
12:02 pm
travelers in verizon -- cheryl: a lot of teams to keep our eyes on in the middle of earnings. thank you so much. see you in 14 minutes from now. dennis: thousands of flights cancelled as another snowstorm sweeps across the mid-atlantic and northeast. janice dean is in the weather center with latest. >> as you mentioned the airports are canceling and we have many delays in philadelphia, d.c. towards the new york city airports and this storm hasn't gotten its act together. still what we call a clipper system but once it moves offshore that is where it is going to intensify and bring us the biggest snow totals. this is nothing comparatively speaking to what we deal with in the overnight hours, reporting heavy snow across d.c. philadelphia and new york right now and it is going to continue for the next 12 hours or so. looking at future radar and worth mentioning the temperatures are going to drop significantly into the single digits as this finally moved
12:03 pm
offshore but this is 1:00 wednesday and we are dealing with snow in jersey, d.c. philadelphia, boston getting wound up and you could receive quite a bit of heavy snowfall as well as blizzard conditions. blizzard warnings in effect for coastal massachusetts. by wednesday afternoon it is out of here but look at these temperatures, single digits and teens, those are actual air temperatures, not windchill. below zero, a lot of snow on the ground will remain there but the kids are not going to play in it because it will be too cold. snowfall totals again 6 to 10 are around the boston area, 8 to 12 in new york city, higher totals in eastern long island, upwards of 12 to 14 inches, 8 to 12 for philadelphia and 48 in the d.c. area but north of d.c. you could see significant totals and then we will see the wind gusts. any snow left on the roadways on the ground will be blowing, blizzard conditions throughout the evening, overnight into tomorrow, difficult for
12:04 pm
traveling up and down the i-95 court or so expect travel delays well into wednesday and those cancellations. windchill advisory's up for the upper midwest and great lakes toward the northeast where it will feel anywhere from-ten to -30 degrees in this region. very cold, very dangerous, people are urged to stay indoors and wind chill throughout the day overnight tonight just dropping to considerably so another really bone chilling afternoon, evening, overnight into tomorrow. kids are going to be indoors and we can't get an outside because it will be too cold. i wish i had better news. dennis: that is positively gramm. thanks, i guess. cheryl: spring will happen in 57 days. she is counting down. i need to get that big temperature gauge in the office.
12:05 pm
is causes lower prices at the pump. prepare for volatility in the weeks ahead once the arctic chill is gone. joining us from chicago, talk to me about why we will see volatility. we are seeing low prices now. crude prices in particular an incredible amount of supply, not low demand. where is the story we are not seeing? >> the palmer vortexes is moving in and next up in the next several weeks we could call it a maintenance for tax or refinery vortexes in ways. this is the time of year when demand is lower and that benefits refineries. this is the time of year they start doing maintenance in preparation for the summer driving season. i know it sounds crazy with all the snow and cold we're talking about but this is the time when refineries get ready for the summer driving season and while production is offline it means
12:06 pm
obviously less production of gasoline that can boost prices, refiners coming out of the maintenance mode it can lead to some issues that arise with restarting these plans. cheryl: these are things you see every year. and get the summer -- let's talk about state to state issue for a moment. we are seeing even though we are seeing nationally low prices you have hawaii, still maintain its reputation as the state with the top gas price if you will and that is averaging $3.93 but missouri the lowest state at just over $3, 0.01 gallon. it looks like if you look in the central part of the country, talking about nebraska or missouri which are cold temperature state, oklahoma and arkansas are seeing incredibly low prices. is there a story going on air? >> there is. between gasoline taxes would fluctuate state to state the biggest story is in 2014 we will
12:07 pm
see these disparities, the areas that you say oklahoma and missouri have access to mid continent crude hooked up to canadian crude a whole host of options, motorists are going to see significant volatility from state to state, region to region and they could save considerably if they are traveling new york to l.a. they could see a swing of $0.50 to $0.70 a gallon this spring and summer. cheryl: ahead anddactivity and what hedge funds are doing have been pulling back on their bullish stance on gasoline. volatility will hit, when will that be so there could be an investment play for some of us? >> likely volatility with refinery maintenance coming in. usually plays out late february early march into april or early may. cheryl: let's talk about this new airport today, u.s. oil production, because of fracking, shell, oil production, they are saying in coming years that the united states will hit a wall
12:08 pm
when it comes to u.s. production because we don't export, because the laws placed in this country do not allow us to export as a country. do you agree or disagree with that forecast? >> looking at sheer numbers we are importing 6 to 7 million barrels of oil a day, 1-third of what we consume in the u.s.. will take us a long while to be able to offset imports with domestic production. i don't see that as a problem in the near future and u.s. motorists have been paying the risk premium from the middle east. i would say keep that in place, americans stand to benefit from our own supply that is basically shifting reliance off of the middle east and more expensive crudes to what we have in the united states. that is a little bit overstated. cheryl: we import a third of our oil into the country. what is nice to see from a jobs perspective, economic perspective for us is you have
12:09 pm
got i think it was 15% jump in u.s. oil production in 2013, just got those numbers out. there is a nice build here. >> look at the production of north dakota. it has been exploding the we are importing like you and i said a third of our production. there is potential to add jobs and if you begin exporting this oil you are shipping it away, costs to motorists going up, oil prices go up and that is good for oil companies but motorists are going to be had hardest iff exports are allowed from areas like north dakota. cheryl: we could be soon import free in this country and no longer dependent on the middle east. thank you very much, good to have you on the show. dennis: the imf raising its global growth forecast for the first time in two years. a big bump up to 3.7% from its earlier prediction of 3.zero% boosting its 2014 growth outlook for the u.s. and europe as well. what to make of it?
12:10 pm
let's ask keith mccullough of risk-management and ted parrot chancellor financial. thanks for being with us. what do you think of the imf move raising its global forecast. do they go high enough? >> typically you got to do the opposite of what they do because they operate on a land but if you look at where the imf was last year they beginning too bearish on growth and recall last year would surprise on the upside. if anything, what it will take global growth down this year is u.s. consumption growth slowing. we are on the other side of that, asia slowing and the consumption side so again the imf doing what the imf does. dennis: is it too high on the 3.7% global growth estimate? >> i agree with keith. these guys have been all over the place with their estimates the past few years. history says that are wrong and will probably be overshooting a
12:11 pm
bit. we are a pretty constructive -- we will finally get close to 3% level and that will be good for stocks and a lot of other asset classes. dennis: the imf also raising the estimate for u.s. growth and wall street journal this morning says the fed will taper back even more. stocks like that idea because that means the economy is getting stronger but the dow is down 130. what is going on? >> the taper thing i actually like. dollar rates, stocks of that is what the market is doing this yourself i don't mind that so much because people from another perspective have to keep selling bonds. we have an epic assets of overallocations so that is one of the big pool cases on the other side of u.s. consumption growth, u.s. consumption growth particularly with all this weather is easy to see. that would be a big risk on the other side. dennis: given the various caveat what do you like? i see a list of your favorite
12:12 pm
shopping lists that start with tech. >> i like industrial and consumer discretionary, i think that those are areas we are going to see modest earnings growth this year, industrials also a good sector where we see cyclical growth picking back up this year. it is all about being selective with the growth is going to be. this year it is not going to be a market that all stocks rise. dennis: i see you return to the favorite. man of wall street that never quite shows up, inflation. you are worried inflation will break out. tell us your fear. >> i don't people break out. i think you get it back. one of the hallmarks of the consumption story was inflation deflated from the all-time high. being wrong, inflation is a better sector set up today and the other side of that is being short consumer. we don't like consumer stocks. we like some certain inflation
12:13 pm
plays like a copy price. we bought it in real time alerts with our company today. dennis: ted parish, if growth in europe and asia is better than we were thinking couldn't there be a surprise upside for u.s. stocks and u.s. economy because we sell more stuff over there and could lot of experts be underestimating what u.s. stocks could do this year? >> i agree with that. as we emerged from this recession that is a positive for most multinational u.s. companies and good for stocks that i mentioned especially industrials from a consumer discretionary stock. that is a possible catalyst for us this year. dennis: watch for the up side. thanks for being with us today, keith parrot and ted mccullough. cheryl: request to allow marijuana use at metlife stadium on sunday, the head of the national organization for the reform of marijuana is here with his take. dennis: we might have invented
12:14 pm
12:16 pm
cozy or cool? "meow" or "woof"? everything the way you want it ... until boom, it's bedtime! and your mattress a battleground of thwarted desire. enter the sleep number bed. designed to let couples sleep together in individualized comfort he's a softy his sleep number setting is 35. you're the rock, at . and as your needs change er time you can adjust your bed to sleep better together. 48-month fancing available through february 2 only at your local sleep mber store. find your sleep number setting and know better sleep.
12:17 pm
cheryl: the dow down 122 points. nickel mentioned at the top of the hour is up financially, up 62 points to the upside. goldman sachs, american express, travelers accounting for 33 point loss for the dow jones industrials, the nasdaq, a 13 year high, the s&p could close dowel a different story and there is the reason and your television screen. nicole petallides on the floor of the stock exchange looking at delta. that is at an all-time high.
12:18 pm
nicole: new high of 2.6%, $31.88, profits topped analysts' expectations, a couple of reasons why, they charge higher fares, they had lower fuel costs, they bought a refinery to help with those fuel costs, they incorporated with their acquisition way back when, northwest in 2008, they have been charging more for leg room and on the conference call they went on to say about profitability in 2014, easily surpass that of 2013, loss of confidence with stocks as well, stock at a new high of $32.65 up 130% in the last 52 weeks. cheryl: those oil prices ended the airlines, thanks so much, see you at the bottom of the hour. dennis: what is bugging me is obamacare. it is unraveling in a pack of lies. the first week the big fix if
12:19 pm
you like your health care plan you can keep it, did no doctors, easy as amazon but obamacare at its core is based on one big fat lie, that by covering millions who weren't covered before and dictating minimum standards on employers we can reduce emergency room visits and conquer health care inflation. weekend and we won't. the other day a survey of 10,000 uninsured people who got new coverage found they use the emergency room 40% more, not less. 2 million people signed up for obamacare about a third of them were is the uncovered. the rest were switching from other plans. a new study from the government itself finds health-care inflation has eased recently. obamacare had nothing to do with it. that seem dated journal carried an op-ed from an obama adviser saying just the opposite. yet another big lie. like many politicians president obama seems to believe if you repeat a lie often enough the
12:20 pm
people will stop bothering to question it so tweet me at dennis kneale. did the president lied to was about obamacare or was he merely mistaken? cheryl: speaking of the president president obama calling hot no worse than alcohol but the nfl doesn't seem to agree. marijuana lobbying group normal joining us with its paypal. dennis: the world currencies carry against u.s. greenback. [ male announcer ] e new new york is open. 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
12:21 pm
12:22 pm
ttdd# 1-800-345-2550 can take you in many directions. searching for trade ideas that wspark youruriosity tdd# 1-800-345-2550 you read this. watch that. tdd# 1-800-345-2550 boost your trading iq wi t help of d# 1-800-345-2550 our live online workshops tdd# 1-800-345-2550 like identifying market trends. tdd# 1-800-345-2550 now, earn 300 commission-free online trades. call 1-888-628-7118 or go to schwab.com/trading to learn ho tdd#-800-345-2550 sharpen your instincts with market insight from schwab tdd# 1-800-345-2550 experts like liz ann sonders and randy frederick. tdd# 1-800-345-2550 get support and ta through your ideas with our tdd#-80045-2550 trading spialists. tdd# 1-8-345-2550 all with no trade minimum. and only $8.95 a trade. tdd# 1-800-345-2550 open an account anrn 300 commission-free online trades.
12:24 pm
>> 24 minutes past the hour your fox news minute. new jersey governor chris christie's inauguration ceremony just wrapped up his address. as celebration planned for tonight has been cancelled thanks to winter weather in the area. chris christie at swearing-in comes as a dozen of his staffers have subpoena over a pair of political scandals. president obama planning the trip to the vatican in march. the white house announcing the details today. it will be the obama is's first meeting with pope francis, the stock in vatican city is part of larger european tour. the president will visit the netherlands, belgium and other
12:25 pm
parts of italy. nfl commissioner roger goodell may abolish the 1 point fuhrer goal kicked for a touchdown. he says one proposed system would award teams 7 points for a touchdown. teams could attend the two point conversion for eight points for eight point but that attempt failed will be worth six points. those are your headlines. back to dennis and cheryl. cheryl: interesting change. dennis: time to make money and as we dig deeper into earning season charles payne joins us with the user guide to buying or holding before the report. charles: one thing we noticed, today almost every company beat big teams, top and bottom line. household names from halliburton and all of them. they are all pulling back all under pressure but last week we saw when you missed what happened, absolute devastation. three things people should be looking at. one thing is poor execution,
12:26 pm
management's inability to meet the numbers and a lot of sites you can go to and see what the last four quarters were. if they missed once in the last four quarters that is a yellow sign. twice might be a red flag. earnings estimates trending lower. three months ago the street thought you make a buck and known $0.92. they have been trending lower and then a broken chart pattern. when you see these things, two or more of these things to me and you are already up and was a big year last year and a big five year run do you want to risk all of that into the earnings. cheryl: do you have names for as? charles: a couple examples from last week, elizabeth arden missed two of the last four quarters before. earnings estimates were drifting lower and the chart was a huge red flag topping out number twenty-seventh. when they reported it was under 35. was a huge red flag. lulu lemon, same thing. at stock popped out, it was choppy. execution was okay but earnings rapidly, wall street thought it was going to be a disaster but
12:27 pm
couldn't catch a. dennis: wall street will seemingly overreacted the company puts out $0.35 a share earnings and missed by at the, stopping 3% or 4%. what do you think of buying on those one day dives? charles: i would wait. the company that had the exact opposite of all these positive signs was forced laps. amazing, they beat by a mile, stock and debt of 52 week high, $72, it is down $1. i am salivating over that. let them put it down more and i am over it. cheryl: one of the biggest marijuana lobbying groups taking the team at the relationship between the nfl and alcohol. normal executive director alan st. pierre is here. dennis: thought that testing coming up. from one battle to another streaming radio giant pandora squaring off against one of the music industry's most influential powerful groups, copyright guys. detail ahead in the media minute.
12:29 pm
[ male announcer ] meet mary. 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 identity theft protection available. if mary had felock's bank account alerts, she may have been notifi before it was too late. lifelock's credit nification service is on the job 24/7.
12:30 pm
as soon as they detect a threat to your identity within their network, they will alert you, protecting you befo the damage is done. lifelock has the most comprehensive identity theft protection available, guding your social security number, your money, your credit, even the equity in your home. my yrs 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.
12:31 pm
don't wait until you become the next victim. ♪ ♪ cheryl: coming up in this half hour of markets now a little about the push to allow marijuana use at the super bowl. the head of the national organization for the reform of marijuana laws ways in. china's choking smog is not just the problem in china ut in the pacific, polluting the air on the west coast and affecting our health. as online security gets better you'll be surprised to learn what the most popular passwords are coming up in the next 30. right now time for stocks every 15. let's bring in nicole petallides on the floor of the stock
12:32 pm
exchange. nicole: password 123. let's talk about the movies on wall street. you watch the dow moved higher and swing to the downside, about a 200 point swing today. part of that reason is two dow components like johnson and johnson and verizon both of which came out with their numbers and comprise to get a 20 negative dow points and the weighted you see each company, you do see them waving on the major average of the dow jones industrials, the s&p flat. that being said blackberry nearly 10% because the pentagon department of defense saying it is part of their mobile strategy but it is a key part, 80,000 units they are talking about. that is a nice vote of confidence for blackberry, nice one in january up over 30% in january. google hit a new high of 1162,
12:33 pm
and velveeta recalling that cheese the skillet single, that is why there were those things, labor issue pertaining to that. a big allergen. cheryl: cancel the super bowl. can't live without it. thanks, nicole. dennis: the stock market as a all time high, many americans views on the economy are in the opposite direction. rich edson is live from the white house. peter: today marks the beginning of the sixth year of president obama's term and he resigned over a federal government that is largely closed because of the weather so president obama has seen a lot of changes in his polls since the beginning. the president started with approval ratings near 60% and now he is what they say upside-down, gullible showing disapproval of 52% for the president and approval of 40%, or 51 for you if you go back to
12:34 pm
september of 2011 when the little worse stretch for the president was which was 5240, the paper got snowed on here. if you look at what the president's jobless rate that he presided over 7.8% when he took office, now all the way down to 7%. looking at those numbers, in spite of 10% in his first year in office and with that the president with low approval rating still a very sluggish recovery pushing an economic team, one of trying to push income equality. however when it comes to this economy the beginning of his administration spent a lot of time blaming his predecessor for many problems and one analyst points out that the president, president obama owns this economy. >> the american people are starting to say this is no longer former president bush's economy and this is the obama economy and what is striking about this economy is while we
12:35 pm
are coming out of the recession and we are recovering we are recovering at such a low pace that most people haven't felt any effects of the recovery. dennis: three years left of the obama presidency. the speculation is what can the president accomplish over his last few years in office? the president is looking into a new or higher minimum wage, extended unemployment benefits, run into plenty of opposition in congress especially since those poll numbers took a hit and the economy continues to grow at a slower rate than many at the white house would like to see. dennis: nice shot in the snow. cheryl: the present sharing his thoughts on the safety of marijuana. here is what he had to say. it has been well-documented by smoked pot as a kid and i view it as a bad habit and a vice but don't think it is more dangerous than alcohol. the national organization for the reform of marijuana laws is
12:36 pm
taking this that are using the super bowl as a message to stop promoting alcohol and beer commercials as a safe choice over smoking weed. for more let's bring in allen st. pierre, normal foundation executive director and board member. i want to get your reaction to what the president had to say. you must have been happy with that comment. >> i was tied. on the moon. it was an acknowledgment of the president of something that is self-evident that cannabis used in moderation is clearly safer than alcohol use. cheryl: one of the things we is seen as a controversy with nfl players. in particular what the nfl as a sport, and they run on beer and alcohol commercials especially mostly beer. you want to see that king should leave you want to see how they change their business dealings with these big sponsors including budweiser which was like a billion dollars on nfl sponsorships. what do you see happen here.
12:37 pm
>> in time when marijuana is illegal there could be another bud bowl in the future but not with the budweiser we have seen in the past. the nfl has had a 35 or launder year history of working with alcohol companies particularly beer companies and they have done a great job. it is symbiotic. but we think in time if marijuana is illegal there will be some players who would like to be sponsored by blood, not budweiser. cheryl: very well said. changes are happening in the nfl after roger goodell told a reporter is, another quote to show our viewers, i don't know what will develop as far as the next opportunity for medicine to evolve and to help deal with pain or injury, we will continue to support the evolution of medicine. talking about medical marijuana as an alternative for conventional key relievers. what we are hearing now is 50% of nfl players are smoking pot, a lot of women locker room.
12:38 pm
are you surprised by that? >> certainly surprised they may be used that close to their ownership and law-enforcement. the nba players have acknowledged a 70% rate of marijuana use. in the nfl this is a lower number but certainly pretty stark. most people wouldn't think of one of two nfl players as regular marijuana smokers. cheryl: we are getting snippets about what is going to be on hbo tonight, a real sports edition with bryant gumbel. the entire hour will be dedicated to pot smoking in the nfl but some experts will come on the show and say pot is actually not a viable alternative for pain management which goes against as your going to tell me 22 states that have legalized it. we have gotten snippets about use in the nfl. if the leak or to legalize the use of marijuana in those states will that end the national
12:39 pm
debate about marijuana use in this country? >> as each state moves forward with legalization two states have done it. this coming year 2014, oregon, alaska, california will vote for legalization. california is a nation state until itself, one of seven americans live there, the sixth or seventh largest economy in the world between florence and italy. californians vote for legalization it is going to happen around the country. cheryl: have you reached out to the nfl at all? >> we have been working with nfl players for years. on our board of directors and three times super bowl winner from the dallas cowboys who acknowledged he used marijuana rather than alcohol because marijuana is an easy inflammatory. cheryl: this story is not going away. thanks for being on the show. dennis: in today's media minute for two decades hbo and showtime dominated the pay-tv business. here come the online ears.
12:40 pm
hbo and other paid channels, 32% of u.s. homes down 6 percentage points, a one defector, people shopping for lower prices, netflix $8 a month cheaper than the 12 to $15 a month for hbo, and is on prime is free but if netflix and the on liners keep making the original hot shows like house of cards this drain on pay cable could increase. 4 pandora a critical federal court trial starts today, hitting the major copyright group known as apps cat. pandora pays 4.3% of its revenue to song publishers and writers, old-fashioned radio pays 1.7% and the on liner pays fully half of its revenue in performance fees to music labels and artists. they claim it is not enough nevermind radioed a is a nothing to play their songs. if at first you don't succeed sell out to verizon. intel is selling its online tv
12:41 pm
flop to verizon to led verizon start its own netflix. getting deliveries may be getting a lot easier. coming up i will speak to the founder of the new apps doorman. cheryl: china's pollution problem knows no borders. how it is now affecting us in the united states. [ male announcer ] this is the story f the little room over the pizza place on chestnut street the modest first floor bedroom in tallinn, estonia and the southbound bus barli down i-95. ♪ this magic moment
12:42 pm
it is the story of where every great idea begins. and of those who believed they had thpoweto 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 ♪ is ur 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 ensure the electricity we need is reliable. take the energy quiz. energy lives here.
12:43 pm
tracy: tracy byrnes with your fox business brief. shares surging after the defense department announced smart phones will be 90% of the devices in the agency's new secure networks, 80,000 blackberries will be connected to the management systems starting at the end of the month. travelers down despite better than expected fourth quarter's results on lower catastrophic loss, the insurance giant pushing adjusted profit of $2.68 a share, the estimates of $2.16. revenue came in at $6.74 billion also beating expectations. shares of dow chemical are a better hedge fund's there point announced it has acquired a $1.3 billion stake in the company, it wants dow to spin off its petrochemicals. that is the latest from the fox business network giving you the power to prosper.
12:45 pm
anticipatory shipping one new startup is looking to make getting packages your house as easy as calling for a taxi. the new apps blower man is helping to revolutionize fishing industry. doorman's founder joins us now, zander, thanks for joining us. consumers can schedule package deliveries for when they want them at home which seemed like a simple idea. why has this been done before? >> with the advent of amazon prime, the shipping to residential homes in urban areas has really spiked. ups and fedex, there system is optimized for suburban areas and commercial delivery where they can deliver things asynchronous lee. with residentss inert and areas you need synchronous delivery where you can match up with the customer when they are home from work, at night. our windows are specifically designed to be for those people. 6:00 p.m. to midnight in one
12:46 pm
hour delivery windows. dennis: how do you manage to insert yourself between the, the guy who ordered the product, and the maker or shipper of the product to give i am a member of amazon prime and they should most of the stuff free to me how do you get between me and amazon and charge me $7 to get it to my door? >> if you have amazon prime and expect two day delivery and you live in a building that doesn't have a doorman in an area you % will not get it in two days, you'll get a sticker on your door, and figure out how to get it home. the way our system works is if you really do want it in the two day delivery windows that you expect that you don't live in an area where that is possible we give you a new shipping address that goes to the depot in the city and we deliver it same day you can schedule that. so -- dennis: i have a amazon package shipped to you and work with you to schedule the delivery and you charge me $7.
12:47 pm
are you already kind of in san francisco, are you already ruled out because no amazon prime member that already spends $70 on free delivery will give you $7 or do you find they think that convenience is worth an extra $7? >> people are paying. they are seeing the advantage of getting it at night, taking stuff home from work is a giant payne. offices are having to open up new racks in the mail room because people sending so many personal packages to work, actually getting it at home is helping people out. dennis: our real time are you? let's say i thought i would be, at x time, thought it change, do something else and want to get you to my apps and they deliver it at 10:00, not a clock. are you able to do that instantaneously? >> absolutely. the way we optimize delivery is we actually cut off deliveries
12:48 pm
scheduling for same day at 5:30 p.m.. you can reschedule for the next day but we have taken all our schedules until 5:30 and were able to optimize our route throughout the evening. if you don't want to deliver you can reschedule the debt if it is after 5:30 has to be for the next day. dennis: pretty good job. good luck with the new apps and new business in the future. i would not use the words asynchronous and synchronous. have a good day. cheryl: bolt turning to a six week high, a big boost today. let's go to the trading pits of the cme and phil flynn has more. where do you want to start? phil: this was a 3 week high, and south africa was another strike over hanging of a market. is raising concerns about a market that is already being concerned with lack of supply. union workers want 150% raise. all of the ceos of big mining
12:49 pm
companies say that is half of wine. we lost so much production the way it has been and if we lose anymore we won't produce more but let go, so the market has pulled back partly because strike talks continue but also because we had some weak data in europe. gold and silver we had a good rally for the first time in months, people getting back to the markets. today they slammed it on the opening. a lot of concerns about catering, the stronger dollar had people jump back out of the precious-metals, gold and silver got hit. when the dollar started to reverse a little bit we are off of the lows but as soon as people were starting to get bullish on gold and silver they graywacke again on tuesday morning. not a good way to start off if you are a precious metal -- cheryl: we start trading and get hit with that. thank you. time for your west coast minute. researchers have discovered that pollution from china is travelling across the ocean to
12:50 pm
california. a new study in the national academy of sciences los angeles seeing an extra day of smog a year thanks to factories operating in shining. in the $6 billion tax increase, we real-estate brokers reporting huge jumps in luxury home sales. and las vegas and pablo being reported right now. finally in denver, afc championship deer flying off the shelves. deck at sporting goods reporting its huge boost in sales and sports authority say customers lining up to get 5:45 a.m. yesterday to grab their broncos championship label items. stores have to order those in advance and cross their fingers if the team is going to win and that is your west coast minute. dennis: what is bugging me today obamacare's major flaw.
12:51 pm
12:54 pm
>> it works so we have the combination. >> what is the combination? >> 12345. >> that is amazing. i have the same combination on my luggage. cheryl: spaceballs made fun of it in 19877and is still popular idea today. secure for any of you. according to mobile software developers/data the top computer password of 2013 was 123456.
12:55 pm
password takes the number 2 spot followed by 12345678. qwerty and abc 123. you would think they could come up with something more creative. dennis: did the president lie about obamacare? was just mistaken? here is what you had to say. first up walt says it is clear to me obama lied for political reasons about keep your doctor, keep your insurance, and gus says mistaken? how do you think we are? government reports and the law itself indicated isn't true. he lied. carl says he is a naive belief. he wrongly believed and when proved wrong lies. and he lied, a mistake happens once, maybe twice. cheryl: give all of you quick programming note, fox business is headed to don bose, switzerland giving you the
12:56 pm
biggest names in business tomorrow. in this our liz claman will be with the ceo of marriott. you don't want to miss that interview on fox business. dennis: dr. gray looking to harness the media buzz that is seattle seahawks's richard sherman, the angry man. how could we forget his post-game interview with aaron and druze. cheryl: the latest celebrity pet as it launches its new music streaming service. next hour rbc analyst mark heaney, pandora killer. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at leas50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. et real-time market scning wherever you are with the mobile trader app. from td ameritrade.
12:58 pm
my dad has aor ab.fibrillation he has the most common kind... ..t's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfar every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reding the risk of stroke. and unlike wfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like usual bruisin pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stoma ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines.
12:59 pm
tell your doctors about all medicines you take. pradaxa side effects include indigestn, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa. adam: hello, i am adam shapiro. lori: i am lori rothman. a dissatisfaction on the state of u.s. economy and the man in charge. the dismal poll numbers with just one week to go until the state of the union. and as president obama begins his second year of his second term in office, jeff offers a warning for your portfolio.
1:00 pm
they call it the year tw year t. adam: element default in the first real test of china's bailout everything government. gordon chang will join us on the event that could come as soon as next friday causing "decades of misery." lori: dr. dre's next episode, the music entrepreneur launching his own streaming service in an already crowded field. will beats music be a pandora or spotify killer? adam: related is as travel come to a near standstill. we went ahead to the new york stock exchange to check in with nicole petallides. it has been a rough way to start the week. nicole: it has indeed. it began to fleury, it continues to do so. started in the green and in the red, some of
351 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on