[closing bell ringing] amd down 10%. >> amd a big loser, and coach came under pressure, dave. david: another mixed day as we listen to bells ringing on wall street. we have to get used to this where we see downward movement on the dow. the other indices are on the up swing. even s&p was up a tick. it was up compared to 38-point loss on the dow. ibm really dragging down the whole index. ibm had a lot to do why you see red on the dow jones. s&p is up. nasdaq is up more significantly. almost up a half a percentage and russell 2000 small and mid-sized caps there we have a busy hour with earnings. netflix is coming. liz claman from davos. "after the bell" starts right now. david: very busy hour for you this hour.

major earnings hit the tape including net giants, ebay, netflix. we'll hear raymond james financial. their earnings come out. we'll talk exclusively to their ceo, paul reilly right here. also the biggest business leaders in the world are gathering in davos, switzerland for the world economic forum. among all the movers and shakers is our own liz claman. liz, what have you got coming up? liz: hi, david. we're inside what is called the congress center. this is the nerve center of the world economic forum. hyped me, all of these rooms all the big panels take place. bill gates speaks here. all the world leaders take the stage in the many rooms below me. our broadcast location is outside and above my head on the roof of the broadcast center. you will see me there later when i sit down with mark better toe lien any. he has major solutions and want to stay tuned for that. we have so-called missing social

media leaders, younger crowd. we don't think that is true. coming up in my conversation with randy zuckerberg, mark's sister, of facebook. we'll talk about the proliferation of technology in our world. all that and much ore in a few minutes. david: we'll be waiting. thanks, liz. break down today's action. eric marshall, has over a billion dollars in assets under management. we'll talk to alan knuckman in the pits of the cme. alan, start with you. let's talk about investors in general, alan? what is your sense, all the investors who stayed on the sidelines in 2013. there were quite a few. are they coming back in 2014? >> i don't know just yet. i think they're spoiled by the conditions and they think they missed out on it and don't want to jump in until there's a selloff and when there's a selloff they're too scared to get in. we had a selloff yesterday. dow down 150 points. we came back. 140 points off the low.

the dow is not a barometer we want to use but it would be positive if it wasn't for ibm. s&p closing in on new highs once again. when you look at futures, we did not make new highs last week. cash did. i see more upside. 1880 in s&p is my next target. david: eric, let me give you a reason why some investors are skiddish about this market. it has to do with earnings. we put together a chart from earnings from 2013. as you might guess, in a year that was as gangbusters as last year for equities we had above average earnings. 66% of the time the earnings beat estimates last year. now we're very early into the year. i understand that we've only had about 10% of the companies report earnings so far but 50% of the time they're beating earnings. that is a lot less than last year. makes people wonder whether we're due for a correction. what do you think, eric? >> i think in general i think earnings will hold up here in 2014. really what you saw last year

was very conservative guidance going into the year. everybody thought that a lot of the cost-cutting that occurred back in 2011 and 2012, that they would have to give back some of that in 2013 as the economy improved. david: okay, eric. i'm sorry. i have to break in and stop you mid-sentence because we have earnings on netflix. dennis kneale, what are they. >> netflix juggernaut keeps rolling with a nice beat. wall street was looking for 66 earnings per share. netflix comes in 79 cents earnings per their share wall street wanted net billion, beat it a tiny bit, 1.18 billion. more important number, how much u.s. streaming subscribers did netflix add in the quarter. street was looking for a little over two million. netflix came in with 2.33 million. likely hit estimate for u.s. subscriber base. gave a range of 32.7 to 33.5 million. it is in a foot race with hbo on

cableside and important to take the title. yesterday news broke that netflix and other onliners are gaining share on cable. the firm that did that report withdrew the report today on controversy over weather numbers are right or not. there is observation on netflix numbers. david: dennis, i have to stay with you a second. look what happened with the stock after hours. ended day at 333 bucks a share. the bid is 380 a share. you mentioned huge subscriptions. it's a huge beat. great to beat on numbers but beat on the subs, a lot of people were saying maybe should low ball low on two million mark, they blew the numbers away. >> right. still trying to get the u.s. subscriber number if someone can flash or give it to me. remember something, that hbo earnings one 1/2 billion dollars a year in profit. charges 12 to $15 a month. netflix ins full year, $17 million in profit and charges eight bucks a month.

it is not a profitable company but the stock is juggernaut stock because it keeps going up because it keeps going up. david: alan knuckman, we're seeing a huge after-hours increase, 15, 16%. will that hold tomorrow? >> well if you look at netflix the stock momentum has been amazing. it stairsteps every $40. hit as wall $40 higher, sops and blasts through it. if you look at options market, they priced in 11% money move after after money straddle, we exceeded that. that is what the market was expecting. in percentage terms it's a shock per but not much more than the -- david: you'rewe're seeing $47 increment. if that holds up that is significant beat from the jumps it had in the past. >> yeah. it just comes, he talked about the profitability. logic doesn't apply to stocks that have momentum light netflix. you don't want to get in front of that. you don't want to short those

type of stocks even though the fundamentals may not support the business model as it stands the stock price doesn't care and you don't want to fight that cape and fight that momentum unless you're incredible trader and very nimble. to try to pick a top in a market like that is very, very difficult. >> i hear you, 100%. i know what you're saying, but, eric, this again is one of those things that gives folks on outside with their cash outside of this market the heebie-jeebies. they understand subscriptions gone up but netflix is fighting a lot of currents right now. they're fighting competition. i know amazon said they will not get into pay tv but invariably there will be other that is do. they're also fighting this net neutrality thing which means they will have to pay more to stream more online to companies like verizon and at&t. are people being unrealistic about stocks like netflix? >> i think you realll have to drill down to look at each individual company and that's really been the focus that we've used at the hodges fund strategy

that we manage. go in and think of yourself as private equity investor in the public markets. i think in the case of netflix, you have a company that really has disruptive approach to its market and it's really changed the way that people view content. david: right. >> and it is, dynamic time for them. obviously it is hard to value a company like that. david: well, i'll tell you, the market is going up, $350 after-hours. of the dennis you have nuggets from the report. go ahead. last time netflix came out it, was a huge pop and faded next day when you get a chance to look at it. one concern, so far no one has any concerns on the report. here's number. 31.7 million, that is the number of u.s. paying subscribers. the company cite ad range of a million more as its minimum, 32.7 to 33.5 million. we can't figure out that range was paid subscribers which is all netflix should care about or

paid and unpaid. it has among-long trials. sign up free for a month, watch "house of cards" all 13 episodes and quit. if that turns out to be million shy of company owes own estimate of paid subscribers and we're not sure of paid all, including freebies that could hurt a jump in the stock overnight. we'll have to see. david: very interesting. we'll have an analyst come on in the next block to talk more specifically about that. dennis will be coming back as well. but, eric, talk about a company that is selling stuff, i'm talking about apple. a huge number of iphones that they are selling. they're going to be reporting that coming up next week. carl icahn increasing his stake by hundreds of millions of dollars. although what icahn is saying that is that apple should spend some of its cash for these stock buybacks. that is not necessarily you say is a good strategy for tech companies, right? they should be investing more in new development. >> i think as long as they have opportunities where they can

invest money above the cost of capital they definitely should do that. we've gone through a period last couple years where companies look at buying back shares and increasing dividends. they have not been investing as much in capital expenditure projects. you see that in various areas of economy and manufacturing. areas where capital spending, people haven't had confidence to get out there and do that. i think that will be a big theme in 2014 where companies are spending money again on capital projects. we're finding opportunities in some of the industrials as well as some of those technology companies that help efficiencies and productivity. david: alan, one more question to you, my friend at cme. i have to talk about gold. today morgan stanley we saw they cut their forecast on gold. 11% down in 2014. 12% more in 2015 but you say it's cheap at this price.

why? >> well, i'm seeing some technical things. bullish divergence. the fact it made new lows but volatility didn't make new highs. that is usually sign of some sort of capitulation where the fear didn't keep up with the price selloff in that last gasp. i think we easily could get back to 1300. longer term call spreads, june call spreads. 1725, from a risk/reward standpoint i think it's a good buy because it has fallen so far out of flavor. to tell it now, nonsensical, selling it at 1250. it has gone down 5 to $600 off its highs. risk standpoint good. miners that have been beat up that have upside from risk/reward. you don't have to risk a whole lot. david: alan muck nan, great stuff, my friend. eric marshall, hodges fund. we'll go back to dennis and netflix in the next block. reported earnings.

it is trading $50 above where the stock closed. do the numbers justify that performance in the stock after-hours? let's dig a little deeper into that report. as dennis told you the more he looks the more questions he has. right now no questions what's happening. look at this, more than $50 up after-hours. that is how much that stock is trading right now at least in the bid. will it hold to tomorrow. speaking of earnings raymond james is set to report in minutes. two billion accounts around the world. how much are they allocating their money and how much of a concern is fed tapering? will interest rates pop and what happens to investments then? we'll talk to the ceo of raymond james in a fox business exclusive coming right up. we want to hear about you, we just talked about apple. you heard about carl icahn buying hundreds of millions of dollars. you heard about the incredible number of it phones they're selling. is apple's stock on the verge of a breakout? what do you think? log on to

facebook.com/afterthebell. your answers later this hour. ♪ [ 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 ] went back to being a...shell. ge live squawks right inour trading platform with think or swim from td ameritrade.

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or irritation ere applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron. >> i'm peter barnes in washington with breaking news on the battle over the raising the debt ceiling here in washington. treasury secretary jack lew has just formally informed congress in a new letter that he expects that with extraordinary measures the federal government will hit

the debt ceiling again and be unable to borrow and fund the government by late february. this is a change from the previous letter he sent congress in december saying it might be late february or early march. last week he said, in a conference that in fact it looked like it might be late february. now he is formally notifying congress as of their best estimates the treasury expects to hit the debt ceiling in late february. republicans are now considering what they will ask as conditions for votes to raise the debt ceiling. we'll keep you posted on all developments. david, back to you. david: just as i begun to forget about the debt limit ceiling it is back again. one of those things you wish you could forget about forever. peter barnes, thank you very much. appreciate it. netflix, we should tell you, look at the after-hours netflix price, $390. looks like it is going toward the $400 mark. this a huge pop, unlike anything we've seen after earnings before for netflix, even though nicole

petallides it has risen in the past after earnings but not like this. >> unbelievable for netflix. this is breaking news after-hours where we're seeing netflix jumping more than 12% in the after-hours. david: 20%. >> 20%? david: close to 20% right now. >> unbelievable. they came out with their subscriber growth here. they added 2.33 million customers. that is is ahead of the estimates. they're seeing total of 34.3 million paying domestic customers. obviously they signed on for new exclusive contracts from everybody from disney to sony. they competed against amazon. they won awards for original programing, netflix is number one performer in the s&p 500 last year. over 5weeks it is a stellar performer, up over 230%. tomorrow will be a very, very busy day. at these levels, these will be all-time highs obviously for netflix tomorrow. david: okay. by the way, nicole, forgive me for hesitating there, we're getting to ebay earnings out.

ebay is popping after-hours as is netflix. ebay ended at $54.40. look at bid now. one of the reasons the bid is way up right now, is because carl icahn is calling for ebay to split up. of course we all know that the big, the big secret, the biggest elephant in the room with ebay is paypal. some people are saying, wondering what ebay would do without paypal, whether it could stand on its own but carl icahn is in fact suggesting there be a split of successful part of ebay, palo alto, for the future. we'll see how that happens. clearly it is having an effect on the stock. we'll talk about details in ebay and how they did on their stock in a moment but let's dig into netflix. if you can put back, director, on the screen, netflix after-hours because that is exploding after-hours. our own dennis kneale has been telling us why. we also have with us aaron kessler, raymond james senior internet analyst to talk about this. let me go to you first, aaron because we talked to dennis.

do you think this numbers $390 after-hours sticks tomorrow. >> looks that way for now. we are not surprised to see netflix up. a little surprised to see it up this much. slightly beat our numbers. guidance was very strong especially the sub-growth of 12.5 million international compared to our 12.1. domestic, 35.7 million, compared to our 35.3 million in q1. quarter was strong. guidance was strong as well. >> it is the new subs really exploding aaron. we were expecting 2.05 million. we got 2.33. they're convincing people to buy into their program. >> yeah, definitely. our number is 2.2 million. a little above our numbers but nicely above the street. eps solidly above the street number. good guidance. david: they talked about what kind of things they will doing.

they will be doubling their investment in original content for 2014. does this model have legs? does it deserve doubling your investment in it? >> clearly that was one of the positive surprises in 2013, additional sub-growth. potentially derivative of more original content of the we think that is smart move. hbo and showtime they have done well with original content programing. no reason netflix shouldn't gain original subs because of that as well. >> i will switch gears just for a second. stay with us, aaron. we'll come back to netflix but dennis has details why ebay is popping. one of the reasons, dennis, has to be these comments from icahn. >> icahn wants to split the company and take successful company paypal because that is where real growth. manages to beat street on, 81 cents a share. revenue goes down a little it about, below expectations. wall street wanted 4.55 billion. comes in at 4.53.

a mere 20 million-dollars miss. almost nothing in scheme of this. stock often fall on little things like that. they're rising because in addition to the icahn spin-off idea which would unlock more value, they announced a new 5 billion-dollars stock repurchase plan showing they want to reinvest in their own company and that has a way of offsetting possible drop that might have happened because of that teensy little revenue miss. david: 10% increase in ebay after-hours. we have 20% increase in netflix after-hours. dennis, there was one little part of that forecast, or at least the, the full subscribers, u.s. subscribers, that stuck out at you, kind of a bad indicator. if we put net mix back on the board here. 31.7 million was the number in the release about the subs. >> yes. david: they had said they were expecting 32.7, between 32.7 and

33.5, what is the detail? >> i have nothing left to say because -- turns out they beat even there in terms of paying subscribers. charlie brady one of the wizards gave us numbers. 31.7 was one measure. even that was a minor beat. they even beat on unpaid subscribers. that is not anything to be proud of. you want customers to pay for your netflix service. david: i'm driving my director mad because we're switching back and forth. we'll go back to ebay. put ebay back on. aaron kessler, you can comment a little bit what carl icahn has in mind. he is all over the place, apple and ebay. tell what is going on here? >> so far looking spin off, potentially paypal from ebay. investors calling for some years, i think argument they are getting more value for paypal. if you go back two to three years, getting almost no value for paypal. i don't think that is the case. i think investors figure into the valuation. i think there could be unlocked potential for if you were to spin off paypal at this point. david: by the way short interest in the stock is now over

20 million shares. that's a doubling in the past year. does that concern you at all on ebay? >> not too much. it is unclear maybe if had some converts with that but not highly short in our mind. david: what happens to ebay without paypal? >> yeah, without paypal you still have a decent growing business, low double-digit 10%, 12% growth business but paypal has been growing kind of 20% range, obviously much faster and that is excitement as well with the off-line payments. you would definitely lose some multiple if you were to spin off paypal. david: dennis kneale, go ahead on this. >> i would argue to be a little provocative, ebay without paypal becomes basically a smaller amazon. rather than get rid of paypal entirely, maybe ebay ought to consider doing something that has been done before where you, remember that the old telecom guy spun off lucent, just 15% at first. then unlocks value and trades as separate stock.

ebay ought to hold on paypal. spin off 15% as separate stock and unlock even more value in the parent company. set up eventually to spin the entire thing off. david: are you listening carl icahn? are you listening to dennis kneale? he has the answer for you, right? by the way, isn't amazon, dennis kneale getting into ebay kind of business? allowing to you sell in addition to buy and could they cut into ebay's market share? >> exactly. ebay is getting into amazon's business of new retail goods instead of buying used stuff from your neighbor across the country. they're going after each other's markets. face it, amazon is overall the better player talking about selling stuff online to people. david: aaron kessler, you have got to think, if you look at a huge monsterous company like amazon, versus ebay, if amazon decide to really cut into their territory, i don't see how amazon could lose, do you? >> doesn't seem that way. obviously amazon to continues to innovate a lot growing twice rate of e-commerce.

amazon continues to gain massive market share at twice the rate of e-commerce. david: aaron kessler, thanks so much. >> thank you. david: dennis, you're a godsend. thank you very much. meanwhile health care has been a hot topic in the u.s. the past year and also a big topic at the world economic forum in davos. liz is speaking speaking with as ceo, mark bertolini. let's throw it over to you, liz, go ahead? liz: here with the clean swissair. taking davos health challenge. i wonder what it is showing past 24 hours i've been eating swiss fondue and the $5 billion with meat and cheese. here is mark bertolini, chairman and ceo of aetna. mark, you have been wearing your fit bit. mine is a jawbone, what does this tell you? a lot of ceos @ome in and a lot are wearing these? davos is having a huge focus on health care. >> it is all about personal

information, making it relevant to me. how can i monitor my own health throughout the day. this is one tool of many now around people are using. most ceos are data geekses anyway. so we're always interested in what we have got. >> what panels are you focusing on, what panels are you participating in. >> i participated in one on the next generation of health this morning. liz: what is the next generation of health? >> all about you. all about liz. so -- liz: i have a lot of rochte in that cholesterol level. >> that's the problem. what we're going to do is personalize things to the point where we can tell you what you can do tomorrow today, the next minute, to make you feel better. liz: globally, do we have enough health care? or is it not enough or do we not have enough doctors? >> in the united states we waste $800 billion a year out of 2.7 trillion. if we solve that problem alone we pay back half the nation's

deficit in a decade. if you think about using that to other using, creating more capacity to other people insured we have more than enough supply in the system, we have to use it better. >> when we look what is happening with health care, we look at people who are here, there are a lot of panels about it. but from whom are you most interested in hearing? >> i think what is happening is, the world's waking up to non-communicable diseases. for a large part of the world for a long time it was really about how do we stop communicable diseases and how do we prevent malaria and prevent typhoid and populations are aging and more middle class. china is aging much faster than the united states you have onset of non-communicable diseases like diabetes and heart disease and kidney failure and obesity. as all these are emerging, countries say how will this work better? how do we take care of incredible burden headed our way

as -- liz: who does it best? i hear switzerland has a great plan because it offers a government option and private option but so does the u.s. right now? >> i think the issue is more about the type of population, so in sweden, for example, you have a homogenous population, generally homogenous population they focus on that has a fairly egalitarian lifestyle. everybody is part of the same sort of life-style. it is easier to control health care costs that way. we have incredible income disparity in the united states. we have incredible, you know, socioeconomic issues that don't allow people access to the health care system. so the private sector is struggling. the government's struggling. you go over to china, where they are very worried with 92 million diabetics in china already, more than the united states, how do they get their economy ready, how do they get their health care system ready to take care of all these sick people.% >> liz: i would be remiss if i didn't ask healthcare.gov. may i ask, volume of health care exchanges -- you're laughing.

is it that bad? volume at least where you thought it might be? is it lower, higher? >> well i think it is lower than everybody thought in part because it struggled to get started but it is really not about the website. it is about whether or not the program is designed properly tone courage people to join. liz: is it? >> it's not. what we don't have a system that is built for consumers. people don't want to go to healthcare.gov to shop. people don't want to go online to look up health insurance. do you go online to look up car insurance? do you relish that idea. >> i might compare. >> i think whole idea what do we do to provide enough variety and choice for consumers to be able to want to go and find something that fits them. the fewer options you have, the less exciting the marketplace is, people are chronically overinsured or underinsured. so i think the next step, next issue for all of this is okay, once we get past a program giving launched, how do we make it more exciting for people to

join. liz: we can do that? >> we can do that. liz: mark bertolini. hold up my fit bit and your jawbone. we're both in it. thanks for joining us. >> thank you, liz. liz: he is busy guy and always stops by fox business and to talk about health care and big issues facing us. david: i always like the watch. i never like the plastic things. thanks liz and mark bertolini. raymond james financial just reported moments ago by the way. you're looking slight closing down after-hours, they really blew away estimates on both bottom and top line. wait until you hear how much they grew in their customer base. we have an exclusive interview with ceo paul reilly coming up we'll go beyond the headlines for a look what is driving its business and how 2014 is shaping up past couple months. it has been going gangbusters. facebook's mark zuckerberg may have not have made it to the world economic forum this year but one zuckerberg did, his

sister. coming up, liz sits down with randi zuckerberg, former facebook executive and author to talk about the transformation of social media in the world coming right up. ♪ mine was earned in korea in 1953.

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earnings just moments ago. earnings per share coming in at 81 cents, topped the estimate of 73 cents. revenue at 1.2 billion. that was also a beat of 1.14 billion. so what drove last quarter's numbers? what does it tell investors about the health of the financial services sector? joining me in a fox business exclusive, paul reilly, raymond james financial ceo. great numbers, paul. congratulations. we saw a lot blowout numbers from a lot of companies right now. you actually if we could look at one-year chart of rjm, there is something that that happened around october, november, the stock went straight up. what was it that drove the stock up in the last couple of months of 2013? >> well i think probably the biggest impetus at that time was just in completion of the morgan keegan integration and people realized we really were going to get the costs out. we were focusing on margins as we talked about through our two-year integration plan.

it was finished. we were back focused on growth and really proud of our associates getting that integration behind us and focusing together on one time as a marketplace. david: shows in the earnings today. really paid off in earnings and both in the bottom and top line. the question that we always asked or at least have for the past year whether retail investors are finally getting back in the market. that is sort of the milk and honey that you have to deal with all the tile, luring people back in who are still afraid. are they coming back in? >> we don't lure them back in. we try to get them invested where they should be. what you're seeing is a movement of more retail investors into the equity markets. you have to be cautious after a big run-up here. so they are coming back in but you know our surveys shows with our clients that the confidence in the equity capital markets run-up this year is actually down less than 30%. and in december. not like they're overconfident

but they see returns and they're starting to slowly move back in. david: is the lack of confidence, the fear that the market's too frothy right now. i think, we're measured on the other side, is that we've been counseling clients, for a couple years, to get out and shorten their duration in fixed income. rates will rise. to make sure that they weren't overly exposed in fixed income. they're trying to find the balance between equities and return, last year was a great year for the equity market and, making sure they're not overexposed long term in fixed income and taking a risk there. david: you know we've been waiting for that rise in rates for a long time. it hasn't come. we thought we were experiencing end of last year, then it dropped back down again, well under 3% for the 10-year. what is going on there? what is your forecast for 2014 in rates? >> i don't think we have a rate forecast out. we expect the 10-year to go up slowly in the short-term rate not to move much. i think until we get the

government out of the business we're not sure, but certainly rates have to rise over time. it is just a matter of when. rate cycles tend to be long. so once they start moving, they will keep moving for a while. david: paul, you piqued my interest. said get government out of the business. what do you mean by that? >> well, you know, when, government keeps buying in the qe programs and everything else, you know you created an artificial market. when there's an artificial market artificial things start happening and i think none of us really know how much of the equity rise is due to that. we're pretty constructive on the economy and corporate earnings and we think there is good shape. there is anomalies going on as the government continues to affect interest rates instead of letting market forces move them. david: a lot of the problem, a lot of young advisors you have had working for you have never seen ups and downs of the market. of course they saw the last crash. there was a great piece in the "wall street journal" about an

old-timer you have working for you, joe blanton, he calls himself an old-timer, calls himself the old man and the sea and counsels a lot of younger folks who may have not seen as much roller coaster rides as he has. do you encourage that type of mentoring and how does it help the overall climate there. >> good thing about the about older you probably have experience. ones of us that watched interest rate rises and remember the dramatic rises in the '70s have to remind people, hey, we've been going in an interest rate cycle favorable for bond holdings and fixed-rate long-term bond and almost didn't lose by being in. back then everyday rates went up and you lost. you have to teach people those experiences and mentor them and tell them how do you protect against that? by mixing your portfolio, laddering them. having shorter terms, variable rates. making sure there's a mix so they don't get crushed if there is rapid rise in rates.

david: you have solid numbers this year. in the end it is all about the numbers. appreciate it, paul reilly, raymond james ceo. thanks for coming. >> thank you, david. david: airports and airlines across much of the country are fighting to get back to schedule after yesterday's massive storm in the east. if you've been in an airport you know. we'll go to one ever the worst-affected airports to tell you more. much liz in davos has been trying to track down social media whiz kids and found a couple. liz? liz:, social media much more prominent place in davos last five years. everybody is tweeting. it has its own hashtag, wef-14. you can see many people during the week of economic forum where are all the new media kids? we catch up with a suckerburg coming up. ♪ if you've got copd like me...

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♪ , many of the old seasoned billionaires and ceos are at the world economic forum this week but what about the social media whiz kids? liz has been searching high and low for the big names in davos but not with a lot of success. even facebook ceo and founder mark zuckerberg is absent from the world economic forum but liz did find another member of the zuckerberg clan in davos. liz? liz: david, some new york papers ran a piece last week in essence saying while davos and the world economic forum definitely attract the biggest of the big in business new media is not interested in coming. google guys don't come anymore. mark zuckerberg of facebook isn't here but we have a zuckerberg in new media, mark zuckerberg's sister, randi zuckerberg. you are the author of a book that focuses on technology. let's get to davos, randi.

is that true? new media is not interested in being here? >> easy to look at davos as economic conference and where political leaders go. people would be on the shocked to be on the ground how large a role tech plays. there is official tech pioneers program where the world economic forum brings out top technical innovators. i came myself from a walmart hackathon. that is phrase i never thought i would be uttering five years ago. there you go. liz: who ran it? what is watt discussion there? what was it like? >> all new media, tech, silicon valley folks, getting together with walmart executives about the future store, what that would look like and future e-commerce. there are five or 10 similar events going on with the community. you walk everywhere, there is hashtags, yesfy. everyone is buried on the phone and tech has taken over. david: davos has come a long

way. i've come over five years and just in five years i see how much things have changed. i see you going back four years at one of the hot events every friday night during the world economic forum. how many years have you come and how has it changed? >> this is my fifth year at the world economic forum. i took a couple years off in the middle after i had my son. it definitely changed a lot. when i came early on with facebook, people were taking meetings with us because facebook was new and exciting. we were bringing the hip, cool touch to davos. now you see, there is tech companies everywhere. it's a great place to be doing business development. it is no longer meeting with tech companies because they're hip. it is something you have to do for business. david: social media is very big here as i mentioned, in the tease. even at their own hashtag, wef14. but tech life balance, we were talking with gold did i hahn, we'll see that interview in the day -- goldie hawn.

she is focusing how much stress our lives really sustain at this point. technology has something to do wit, doesn't it? >> technology is part of the stress when you're bombarded with text messages and e-mails, how can you give undivided attention? this is most undivided attention i've had. eye contact. not on our phones at the same time. i definitely think she is right. we need to be more mindful how we use these device. they enhance our lives rather than take away from them. liz: replacing face-to-face deal-making, can technology really do that? >> i don't know that it can. i mean i think there is some wonderful things about tech i love that because of facebook, because of these sites, even if i don't see someone all year in between davoss, i come here and i feel like i know about their life. i know what their kids are doing. we pick up where we left off. that is fantastic for business.

but i think nothing in the world that replaces human-to-human interaction. liz: we had sitting in this chair in the last hour, pierre ir, the yes company, he gets so much done being here because there is no replacement of a connection seeing somebody looking in their eyes saying, do we have a deal? >> that's right. that's why you get so many high-caliber people here at the event because there is really no replacement and you can't miss that one-on-one. liz: who are you dying to hear from? is there somebody on the dais that you are dying to hear from the person. >> you mentioned goldie hawn, i am supposed to attend a dinner she is speaking at. i'm dying to have some time to speak with her. matt damon was honored this year for his work with water.org. that is something who i love to meet i admired since his original films about harvard when i was there there are so many people. you walk and, the prime minister of japan and rouhani of iran and

shimon peres and seeing all the people in the same event, it is mind-blowing. liz: quite incredible. sounds like you're very well-entrenched so much for any newspaper that says new media isn't here. thanks for joining us. >> thank you very much. >> randi zuckerberg of zuckerberg media. david, back to you. david: liz, thank you very much. airports in the northeast and mid-atlantic states are still digging out after the latest winter storm. what about the mayor of new york? what is going on with that? what about the plows, mayor? we'll go to reagan national airport to find out whether or not the backlog of flights is being cleared [ male announcer ] this is the story of the little room over the pizza place on chestnustreet 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.

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david: that huge snowstorm in the northeast caused a lot of travel headaches across the country. the problem could last several days. rich edson live from reagan airport in d.a. with the latest. rich? >> david, good afternoon. there are delays in the washington, d.c. area. they say it is not our fault. they're waiting for clearouts and planes to arrive and some problems they had in philadelphia and northeast of here creating a backlog for entire system. if you look at delays thus far, latest stats flightaware.com,

328 delays. cancellations in d.c. alone, 73, dulles, baltimore washington, 20. 1700 total cancellations yesterday. some 3300, the majority of the flights here if you look at the board are starting to clear out. you're starting to see more flights on time. those who are canceled and delayed, well around here they're handling it pretty well. >> i was delayed i guess about 13 hours. i had gotten an e-mail from the airlines saying your flight was canceled. >> i was supposed to leave at 2010:10. now it is pushed back at 1:30. who knows how long it will be. >> i was supposed to travel yesterday at 5:00 in the morning but i have to go today. >> david, washington, d.c. is returning to normal. the government was back in business today with a two-hour delay. back to you. david: kind of too bad. i was hoping they would take a little more time off. i think all of our lives are

easier when they're not working. i'm one of the few people willing to pay them not to work. rich edson, i love to talk about this more, but see you later, my friend. >> you got it. david: speaking of travel, earlier today liz in davos got a chance to sit down with two ceos of the local hotel industry. the snow is not keeping them from growing and expanding. take a listen. >> business as usual. we've been super busy and engaged and focused on the growth, executing in terms of, you know, what is going on in the same store and unit growth in our business and we'll keep doing that we'll deliver for the public markets what we've been able to deliver privately. >> sitting here today we have no hotels open in sub-saharan africa. we announced acquisition of a largest sub-saharan african chain. we will immediately become a very significant presence in our industry and sub-saharan africa. david: liz is not finished, tomorrow on "after the bell," she will head back to davos with

more of the world's top ceos. bob greifeld, ceo of nasdaq. talk about life without twitter and whether he learned any lessons after last year's power outage not to mention what happened with facebook. we switch to sort of hardcore business. coca-cola, the chairman of coca-cola, mukhtar kent. we'll ask him about his quest to conquer africa and how he feels about the inspiration for the brains behind that addictive game angry bird. not literally, folks. all tomorrow right here on "after the bell." tomorrow we'll keep an eye no doubt on what happened today, what we just reported on in particular netflix. since we last touched on netflix it has done nothing but stay or go up from where it was. look at this jump. almost a full $60 jump, $60. we talked about in the past after some good earnings reports they jumped $40. i'm willing to venture a guess after an earnings report it

never popped this large in after-hours anyway. almost $60 increase in after-hours. we'll watch to see whether it can hold on to that. netflix was part of the story. we had ebay. ebay is up to $58. that is up 7%. it has come back a little bit. it was up 10% from where it closed but it is still a very sizable increase after-hours. not only were the numbers good on ebay but the source source of that numbers. it wasn't ebay as a whole, focusing on ebay itself, comments of carl icahn saying paypal should be separated from ebay. if that happens there will be a lot of interest in the stocks. "money" with melissa francis nextdr i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaen that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer.

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melissa: it is good to be the king. sacramento kings are leading the way with technology from google glass during the games and letting fans buy with bitcoins. we're going to davos with facts from the team owner, because even when they say it's not, it is always about money. melissa: kings of innovation. the sacramento kings are the first professional sports franchise to push the boundaries with technology. they are the only nba team to accept bitcoin. fans can use purchases