in a recession. we also will go live to the world economic forum over in davos, switzerland. liz claman talk and the cisco systems chairman in just a few minutes. and union pacific, we have the ceo here with us this hour to talk about that. and liberty chef and "new york times" best-selling author is also here to get you healthy and fit in the new year. all coming up on the down market with dagen mcdowell on this hour of "markets now." dagen: that is exactly what you are saying. 180 and me being here. my fault, right? that rocco dispirito book, it is actually a weight-loss book. a calorie restricted pound per day weight-loss book.

connell: a pound per day. dagen: that is heavy-duty weight-loss right there. >speaking of losses, nicole petallides with why the market is selling off. nicole: absolutely. the dow jones industrial avera average, as you noted, a big selloff down 182 points. we are coming off the heels of tough numbers out of china. that is where we took our queue below 50. showing contraction rather than expansion. we took our queue from that as well coupled with not the greatest economic report and the likes, but the dow down 1.1%, s&p as well. treasury yields also coming down to 2.80% on the 10-year period shows the safe trades are in. back to you. dagen: thank you, nicole.

connell: a fox news poll shows a solid majority feel are still in an economic ditch. dagen: 74% of americans say it still feels like we are in recession, just 22% feel like the recession is actually over. fox news contributor monica crowley joins us now. the recession ended literally years ago. in 2009, it is really pathetic people still feel this way. >> technically you are right the recession did end. you're talking politics and economics, talking perception and the perception is most americans living on the ground and not seeing a healthy economy. stubbornly high unemployment, record low labor participation rates, huge blanket of obamacare, numerous other regulations coming out every single day. this all having a suppressive effect on the economy and the american people feel that as the empty storefront.

this economy is not growing and it is not dynamic. not what we are used to seeing. connell: they are used to seeing what is in their individual check, most people do have a job. talk about the unemployment rate, but people who are working if the income hasn't gone up, almost like that as a data point we should focus on even more than what we do. how much money are people making these jobs? >> they have been falling over the last few years. people respond to this poll question in very real terms. you have a job that is stable, what is the likelihood of getting a job. they are seeing it dwindle. not only do we have a slide in income, in wages, but also seeing increased taxes due to obamacare and so many other policies.

dagen: people are invested in the stock market, those are growing and it is not having much of an effect, if any in how people feel about it. speaker that is unique because you have been there for a long time, perception in the market going wild, a big bull market, creates a wealth affect the people feel wealthier and more likely to invest or spend. connell: i am sure there a number of reasons, but dow 10,000, there was such a huge general news stories, individuals who would talk about stocks all the time. >> it is not really filtering down to main street america. they don't see it. dagen: do you think these kind of polling numbers opens the door for a greater push by the democrats? let's make it all better. >> they will do that anyway

because they are driven by ideology, but another very important number, i don't know if we can put it up, but 40% of the people say obama's policies have made the economy worse. that number has been picking up gradually. the first time we have hit, hurting the economy five years in. dagen: i had said that. thanks, guys. just wanted proper respect, that is all. let's go to davos, switzerland. the world economic forum. liz claman this morning with the head of coca-cola about the importance of diversifying the brand. >> every one of our top 20 brands has a low-calorie or no

calorie version option. so it is really important to understand have great brands, really proud of all of our brands and what we do is our plan is based on balance growth. connell: back on the roof where she has landed the dean of silicon vvlley and davos network. liz: it is customized, how about that. a little bit colder on day two of davos, busting off the ski gloves. there are still complaints i have been hearing the past 48 hours. davos in the world economic forum are usually pretty brilliant tackling and dealing with the crisis. not so great at actually spotting the next crisis. what will it be, cyber attack to bring down the banks or the internet gets swamped for the upcoming resolution of things to

come? somebody who really might be able to identify it. chairman and ceo of dow component cisco, spoke with him, i asked him what is on your radar? >> this is a 14th time i have been here, it is probably the best. more heads of state than they have ver had before, much higher level of business leaders and academic, et cetera. you said it right, what has often occurred in davos occurred the next year. this time they got ahead of it. economic growth, and is about what the next technology transition will be. it will be the instead of everything if a $19 trillion market in terms of profits or assistance in governments is the equivalent of what has occurred since the very beginning to today times five and 10 fold, it will change your life, your health care, everything will be connected, every device, it will be the driver of technology

growth an in productivity around the world. dagen: this is the davos challenge. downloading what is expected to be 77 billion apps over 2014, could it swap the internet? you are the backbone of the internet. >> if you watch the routers be billed today without great technical detail, a router can now handle the netflix download or elaborate in one second he had weigh literally says is thee of countries will be around the internet of everything. when she came here she understood what it meant to job creation, how she was going to get small business going in korea. he talk about the president of

israel, the first digital country, focusing on jobs, arab population, health care, movement to the south. in the u.s. it will shock you, texas. they did 30% of the job growth of the whole country in the past decade, and positioning the state the next major move, by the way, cisco is a partner in each one of those. liz: 77 billion apps being downloaded, can you monetize that? >> absolutely. if you look at what is means we started cisco. today it is 10 billion, in 20 will be 50 billion. and than 500 billion. a number of apps are going up 4 times faster than the number of devices, so 77 billion on those 10 billion devices. that is what changes.

if we do it right, this will be our vehicle to be the number one. every major customer i had is beginning to understand it. last year i had to buy them a drink, and understand this is how they will transform. liz: we have to talk about the nsa scandal and the spying. most of it done to the internet. what kind of blowback to experience from that? >> many countries have legitimate concerns if the information they are using from vendors from america, are they secure. are they being misused. cisco is not in the middle of this. government orders to be able to be acquired to do something or content provider search engine, we don't give any access that is unusual to any government. we don't even give our code to others. if you give the code out, people find a way to get through it.

i announced a year ago, the security business, we built $2.7 billion acquisition of source fire. we're being asked to come in and almost regardless of the country with russia, china, u.s., others about how do you really make sure your data centers is secured. we want to be the number one. connell: my last question, what insight have you gotten since he landed here in davos that you didn't have a four? >> this will be the inflection point. i wish i had said it, but all these things of cloud, mobility, internet of things are coming together. it is the mainframe, it looks

like our time has come, waiting for seven years, kind of exciting. liz: john chambers of cisco. just a little bit of scoop, little bit of davos gossip. giving a speech and promoting iran as a tourist destination. almost at the same time, benjamin netanyahu speaking a different room and he was hammering them saying you can't leave with these people say. you cannot trust them, says a little bit of heat here. you may not know the name, but you know the company. a lot of companies her and ask her how to become a better version of the company that i already am.

she tells you what she is telling every company to do right now. back to you. dagen: thank you. connell: facebook impending doom. in the reports adjust company could lose a massive number of users over the course of the next three years. dagen: almost no better gauge of the economy then union pacific railroad, showing no signs of slowing down opposing the best quarterly results ever. the ceo will join us live. connell: the celebrity chef, talk about losing a pound a day. coming up. dagen: good luck. [ male announcer ] this is the story of the little room

over the pizza place on chestnut street the modest first floor bedroom in tallinn, estonia and the southbound bus barreli down i-95. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had thpower to do more. dell is honored

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dagen: i am grinning like an idiot but shares of herbalife are taking a hit. what is driving the selloff? peter bevacquspecies is a very g story. coming under intense scrutiny

over the last year or so. it was somewhat of a ponzi scheme, carl icahn predicted the company. now massachusetts senator asking the u.s. securities and exchange commission and federal trade commission to take a look at the company. i know this stock has moved around over the last year, but he is concerned because his constituents were distributors of herbalife product. everything from their meals to their stacked nutritional supplements, these constituents in his realm is actually losing thousands of dollars, and because they continue to clamor to him, he finds it imperative and a need to go to mary jo white of the sec and say look at this company and see what is the deal. as a result of the stock is to the downside right now down over 70%. this month down 17%. back to you.

connell: we know about our selloff in the united states. nicole mentioned some of the reasons with the chinese data and everything else but the global market is down eight tenths of 1% in london. german down by 1% today, and in paris at the bottom of your screen. dagen: bad news for facebook, princeton university study conducted facebook could lose 80% of its users in three years. comparing it to an infectious disease, researchers say the site is in plan of major user losses because like a disease, it has an infection time and a recovery. also for myspace and facebook after researchers found myspace rise and fall had characteristics of a person getting and recovering from a disease.

connell: things are cool for a while, and then they are not. a pound per day? how's it going so far? you can get back on track and it won't take much. dagen: if you're willing to be hungry all the time. the program sustainability in question. mayo clinic ceo joins us straightahead.

>> 23 minutes past the hour. this is your fox news minutes. opposition leaders given a president 24 hours to ease the political crisis or phase more unrest. the prime minister declaring the ultimatum unconstitutional. to demonstrate is killed in recent clashes. terror threats to the 2014 games

in sochi now. some icon the families to stay home. european nations received e-mail warnings of potential terror attacks. the national olympic committee: the e-mails not credible. there are some new troubles with the iran nuclear deal. the country's foreign minister as saying iran did not promise to dismantle anything claiming the white house misled the people. the administration not express it as a prize essay in a still dismantle technical collection that would enrich uranium to 20% or above. those are your headlines this hour. back now to connell and dagen. dagen: it is time to make money with charles payne. his phone is going off on set. looking at ceos who will, shall we say, are like richard sherman.

mojo power. charles: swagger and talk a lot of smack. dagen: but they can. charles: their shareholders benefit tremendously. tim cook won't talk smack, he won't get in your face or scream at you. apple stock has been sideways but how about netflix. they posted a good quarter. the stock is exploding to the upside today, the guy is an absolute monster. that is him. net neutrality comes out and the stock goes down, he comes out and put out a statement yesterday like are you serious? he threatened them. if they wanted to play games with them and charge them money, this was a ciccone and situation, we would vigorously protest and encourage our

members to demand open internet that they are paying for. we would sink them on you. what about hbo? you know what his password is? netflix. richard sherman of the corporate world and look at the stock, it is unstoppable. elon musk. how did the government said there is an auto recall. he says are you nuts? i'that is a software upgrade. unstoppable. the first thing he sings in the morning. he doesn't care about the rules, he doesn't care about the law, he doesn't care. these guys missed the last two quarters, stocks still at a 50.

dagen: they are trying to wrap us. you were in the choir. connell: do you like richard sherman? >> the more i hear from him, i do. dagen: in the passion, in the moment, owned it. thanks, charles. we're going to do a richard sherman statement every week. connell: are going to go back to davos in a few minutes. we have the mayo clinic ceo standing by. dr. john noseworthy will be live with us from davos straightahead. dagen: union pacific having its best quarter ever. the ceo will join us in about 10 minutes from now.

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dagen: walmart telling the "wall street journal" it is cranking up the competition against amazon. nicole, what are the shares doing? nicole: products to timely delivery. in many cases we saw over the holiday season where walmart.com customers were able to offer these huge television and go pick them up in the stores. they do have statement saying they will be able to do this in the next couple of years. the walmart customers will not be at aid this advantage in any way shape or form.

connell: to healthcare now. 6.3 billion people now eligible for obama care. this out of the woodwork a fact is something real where people talk about signing up for obamacare. they are looking into their healthcare options. you do see these numbers go up. >> what we are really talking about is expansion of medicaid. it will be paid for in large part by reducing reimbursement to healthcare providers and so on. we will have to see where this ends up.

connell: board you think it will end up, if you have to predict? >> what i'd rather say is what needs to happen next. we need to have a sustainable delivery system. it basically gets people insured. it is very clear what the government needs to do next that what the healthcare providers and patients need to do next regardless of the affordable care act. connell: let's talk a little bit about that. the mayo clinic is an example of how healthcare should be executed correctly. tried to scale something like that that incorporating an entire country --

>> first of all, we have to focus on quality. safe care that is efficient, accurate and delivered to the patients as quickly as possible. a focus on quality is key. focusing on coordinating care with doctors and nurses is absolutely essential. frack matted care. that is a major component we are working on. connell: it is also interesting that we are still having this conversation. i know we will continue to have it for quite a long time. so much focus was on the physical launch. the website and everything else.

getting past that, we are still having conversations about quality and execution. it seems like a lot was missed. >> there are some early steps in the affordable care act to drive for needed care. the scope of quality, the range of quality, i should say, between those who do it well in those who do not. connell: i meant to ask you one other thing, is there anything that has come up over there? what about the conversations there? any good ideas from other countries? >> i think the most exciting idea we have heard is engaging the public, the patients, and their own health.

enabling them to have a role in their own health. maybe some accountability for the lifestyle choices that they make. we will bring the governors together from healthcare, education and consumers to come together and learn from the private sector which does this very well. that is probably the future. the very truth. connell: very true. yes. thank you. dagen: union pacific. hauling and some big profit. we have the ceo next. connell: taking the pounds off in 2014. we had a famous chef with us to

keep that diet going strong. dagen: be ready to be hungry a lot. connell: a pound a day. you can do it. ♪ change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 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. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade.

♪ >> i am adam shapiro with your fox business brief. existing home sales rose in december. the national association of realtors says sales of previously owned homes rose 3%

last month. the number of americans that file for first-time job benefits was up by 1000 ast week. it matched estimates. the four-week moving estimates fell. toyota remains the top-selling automaker. it sold 9.9 million cars and trucks worldwide last year. beating general motors by 270,000 vehicles. it totaled about 2.2 million. up 7% from the previous year. that is the latest from the fox business network. giving you the power to prosper. ♪ copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that hel open my obstructed airways for a full 24 hours. spiriva helps me breathe easier.

spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. does breathing with copd weigh you down? don't wait to ask your doctor about spiriva. dagen: there is almost no better gauge of the health of the economy than a railroad. we are talking about union pacific. the best ever quarterly results and full year results.

joining us now is the ceo of union pacific. for the quarter, jack, there was only one weak spot and it was barely week. it was cold. >> if you look at it, local business was the biggest negative that we had in the quarter. everything else in terms of housing starts, automobile sales, those kind of things all play into a nice, slow, steady recovery of the economy. dagen: even if they are small in the near future for you, is there any spot in your business that worries you more than the others? >> our network reaches seven businesses. a lot of opportunities. nicole -- nice cold winter

weather. probably more opportunities then there are worrisome points at the moment. dagen: what about capital expenditures? what about investment back in the business? >> sure. if you look in 2013, the investment in the business was 3.6 billion. we will probably do a little bit more than that. we take our cash. we reinvest in the railroad for safety productivity and growth. last year the combination of share buybacks and dividends was about a $3.5 billion return to shareholders. we will continue down that path. dagen: talk about your hiring. can you fill all the jobs that you have at this point?

>> you know, we are doing really well. we will probably hire the same amount of people in 2014. we love to go out and hire military, eturning vets. that has been a real source of hiring for us. well trained, all the kinds of things that we need in a heavy industrial job. see for union pacific delivers soil in both texas and north dakota. in the most recent train accident, there was a huge fireball. talk about the national safety standards. the north dakota, nurse said that the safety standards are needed now. speak to that. how safe are the rails in carrying oil?

>> if you turn around and do look at the track record for rails and hazardous material, it looks like 99.997. we are doing our part. even though it is a very low likelihood of an accident, it has a big consequence. the railroad industry met with the secretary of transportation. we are all aggressively moving forward to find the way to take what already is a safe product and make it even safer. dagen: what kind of timeframe are you working on there? >> you know, we have already started making some changes. we will route oil trades over railroad trackage. we are working aggressively with

the builders and customers and the federal government to design what would be a safer railcar and to move forward with those standards. i think that there is a sense of urgency. i think it will come about rather quickly. dagen: it is always a pleasure to talk to you. thank you for coming on, as always. i guess congratulations is in order. >> thank you very much. connell: these are some numbers on what they call a smart phone application economy. it was calculated to be worth or than $53 billion in 2012. dagen: jeff flock is live in wisconsin with a new app. take it away. jeff: where is the last place you would expect technology to rear its head? how about a frozen lake in the middle of nowhere wisconsin.

this app has taken icefishing to the next level. we are down in about 4 feet of ice. >> about 2 feet of ice. 4 feet of water. this would be the standard tip up. jeff: explain how this works. you drove your hole. you put your lines out. you go back to your area where you can stay warm. you do not know when you have a fish. there is a thing called a tip up. >> blue-chip snaps right to the flag. when the tip of goes up, the fish would pull on the hook. it would go up like this and lights up. it sends it directly to your smart phone. you do not need to be constantly staring at it. jeff: we can laugh about this, but the fact is cisco's ceo says

that economy is the future for this. this may sound crazy. this has actually been fairly successful. >> yes. we wait for the next like to go off. jeff: i think it does really illustrate. there is amber over there. her mother did not raise a fool. when technology comes to icefishing, you know technology will be everywhere. connell: jeff, that's great. jeff flock out there for us. dagen: celebrity chef is here. there he is. connell: he will show us how easy it is and maybe how delicious it is to be healthy. dagen: that is not a cocktail, i don't think. ♪

[ me announcer ] this is the story of the dusty basement at 06 35th street the old dining table at 25th and hoffman. ...and the little room above the strip ma f roble avenue. ♪ this magic momt it is the story of where every great idea begins. and of those o believed they had the power to do more. dell is honored to be part of some of the world'great stories. that began much the same w ours did. in a little dorm room -- 2713. ♪ this magic moment ♪

dagen: of course we talked earlier this month about one of the top resolutions every year losing weight. connell: our next guest has motivation. a pound a day. dagen: i remember when you were chunky. >> i was a chubby guy. connell: thanks for joining us. i remember when you were five. dagen: noticeable weight loss. >> i did not notice i was chunky until i started losing weight. people asked if i got a

facelift. no, i just lost 40 pounds of fat. connell: start us off. >> based on calorie deficit. how do you do that and eat enough food and love the food that you are making? you use the recipes in the book. the nutrition that looks like this. in phase one, the amount of non-starchy vegetables are unlimited. starchy vegetables aren't 30 grams or less. high protein. 100 grams of protein every day. a little bit of that. once you get to the goal weight, you convert to what is basically a mediterranean diet pattern. 50% through cobb vegetables and whole-grain. dagen: i look at this, though, people are addicted --

>> we are two generations away -- he is like, calm down. we are two generations away from having a home with a cook in it. that is sad. they make food for you to become addictive on. bioengineered in the 60s. now the united states is 67% overweight because of it. dagen: you are a spokesman for the craft recipe makers. >> you may think that is a conflict. what does it do? it gets people to cook at home. if you are doing that versus going through a drive-through, you will cut calories each meal. how can you be starving on all of that? dagen: you are a triathlete. if you are exercising --

>> you do not need this diet. this diet is not for you. this is not a diet for people that do not need to lose weight. if you need to lose weight, you need to go on a diet. if you are a triathlete, you probably have 5% body fat. when i was a triathlete, i could not eat enough calories. i found it difficult. i thought it was not good enough for me. i started to change my foods and make them healthy. the first one was lobster bisque. it tasted better than the original. connell: you know about case. that is your business, literally. i guess you were kind of your guinea pig. >> i was. connell: did you like the food you are eating? >> i was able to figure out how

to make the food taste really good. a low-fat extraction of the lobster was more productive. the flavor came out better in skim milk and cream. dagen: what do you cheat with? >> pizza. 2:00 a.m. dagen: where? >> meat lovers pizza. it happens twice a month. dagen: you like the fondue. >> i do like the fondue. if you are exercising, if you are in the shape you guys are in, you can cheat all you want. dagen: i look like this because i am hungry right now. and kind of cranky. please come back. healthcare reform. we talk about it all the time. connell: the ceo of southwest is coming on. why he sees travel demand rising.

dagen: 2013 final numbers look a lot like the bubble. that is of 06. ♪

cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.

>> anytime you can more than triple your earnings, i think you'd be pretty happy. 1971, we had the whole state of texas to look forward to in terms of growth opportunities. now here in 2014 once we launch international, we'll have all of north america. dennis: southwest airlines' ceo gary kelly celebrating expansion programs. gary kelly speaking with us this hour on the successes his airline has seen over the past year, and we'll even ask him about that jet that landed at the wrong airport. and stock picker scott martin gives us his lackluster grades for earnings so far, c -. the dow now down over 160. and netflix, can anything get in the way of this big, red machine? all this and more in the next hour of "markets now."

♪ ♪ dennis: so, cheryl, if we end down today in the dow, we will now be the dow index down ten p days of the first fifteen trading days of the year. cheryl: we're down 116 points, still above 16,000 but barely. stocks now, every 15 minutes, and we've got nicole petallides on the floor of the new york stock exchange. nicole, obviously, a lot of the dow components are under pressure. what is your eye on right now, nicole? >> reporter: well, good to see you. the first thing that i note, and i know we're showing the major averages, and i'll get to them in a moment, first thing i'm looking at right away is the safe havensings right? talking about gold, gold up $22. the safe haven of treasuries. we've watched the bond yields dropping today, so right now the ten of year is at 2.79%. so it just shows you that there are worries on wall street which brings me to the major averages,

right? down about 1% on the dow, loss of 163 points, and so much of this stems from our manufacturing numbers that came out of china. and with that it showed contraction. it was numbers that were below 50 rather than above 50 which, obviously, showed worries going forward. it hit the asian markets. all ten sectors that we follow so closely have down airs from financials to materials and the like. we're also, obviously, keying in on earnings, but today a triple-digit loss for the dow, down 163 points, and the s&p 500 down near over three-quarters of a percent as well. back to you. cheryl: see you in 14 minutes. see you then. dennis: and and of the 103 s&p 500 companies that have reported earnings so far, 65% have beat the street according to fact set, and with more, let's bring in katie stockton, technical strategist, and scott martin, united advisers' chief market strategist and a fox contributor. katie, let's start with you. now, you know, the dow today

will end up closing, likely, down. 10 of the first 15 trading days of the year. whatever happened to the january effect? [laughter] >> indeed, we've had a rough start to the year, there's no doubt about that. but really the action that we've seen has been characteristic of a consolidation phase and not much more. we haven't seen a massive pullback except, of course, in some individual stocks. the major indices really are just digesting their gains from november and is december. dennis: does consolidation come before correction, or does consolidation come before the next bump up? >> i think it's going to come before the next bump up in this case. and i say that because if you look overseas, which i would urge people to do, look at the emerging markets already getting an oversold bounce and look at european equity markets having reached new multiyear highs in cases, i think they're setting a good example for the u.s. dennis: scott martin, what do you say? >> it's tough. you're right about the numbers. ten of 15 days feels, i guess, a

lot worse than it is. if you look at the s&p and run those numbers, it's only down a few percent, so it feels worse. katie's right, it does look like more consolidation than anything because we've had these periods before, and we all know what's happened after that, right? in the last couple years, the market has rallied up considerably. but here's the takeaway, if you're at home and you've got a couple bucks and you're looking to put it in the s&p, i wouldn't do that. you almost have to-and-a-half date the s&p out there amongst the sectors like maybe you would the streets that were or were we not plowed on the upper east side yesterday. like the utilities, like the staples that now are interest rate sensitive where rates, i think, are going up. you've got to look at cyclicals still, industrials, pharma, financials to perform at least better than i'd say the overall market. dennis: but, scott, overall you don't hike the way earnings season's going, so why should i buy anything? >> well, because, dennis, we've had a bad earnings season for

the last several quart us. the numbers are not that stellar, and the earnings beats on the top line mean the revenues have been nowhere in the last couple years. it's been the bottom line, you know, these cost-cutting, the firings that these companies have actually made these companies' bottom lines look really good. that's not going to change. and to me, the market knows that. one big concern is i have is the retail numbers, absolutely terrible from the christmas season. dennis: the online numbers were great. and, you know, they call the bottom line the bottom line for a reason, and if the bottom line keeps going up, i'm happy, aren't i? >> i think so. if you're looking for a reason to buy stocks, you're looking for momentum. and despite the earnings reports that we've seen over the last couple, few quarters, the market has reacted positively. i mean, it's that reaction that -- dennis: yeah. you tracked the s&p 500, and you say the support level's 1812 to 1814, we're at 1828. that means if the s&p fell below that 1814, i've got to worry about it falling more? >> that would be a short-term

breakdown. nothing major to worry about, but it is a support level, so it'd be a natural place for buying pressure to come back into the market, and my upside target is about 1935. so, of course, with that in mind you have a decent risk/reward even in here. dennis: so you see 1935, so that's another more than hundred points. what's intermediate, six months or twelve months? >> within months, three to four. dennis: okay. scott, can we -- just to go back to the dow -- can we get to 17,500 on dow without a correction, or do we go down 10% before we hit that level? >> yeah, you can go down ten before you hit that level. you're probably going to see somewhere less than that, dennis. maybe one of the bigger corrections we had in the past year was close to ten, that was last june. and i think katie's point is right. the support that's been there has held in the past pullbacks. if you're looking at a number on the dow, is it 17 5rbgz and then we get that 10% pullback, i

think we have a better shot at dow 20,000 than we do at 12 or 12. it's going to be a higher market going forward than it is pullbacks because people are going to come in and buy this thing with any weakness. dennis: you're a lot more bullish than we're kind of billing you. katie, do you agree with the trends he's talking about? >> the trends are certainly herer here and globally, so that's with my call as well. the momentum favors upside for the major indie sees. the key now in order to outperform the broader or major indices -- dennis: right. >> -- is to find the right sectors, technology, cyclicals in general, industrials. dennis: now, you said technology. you know, i usually think the s&p 500 and the nasdaq, they shadow the dow, and they follow the dow, and yet there's been this strange disconnect where the dow has been down 10 out of 15 days by the end of today, trading days, but i don't think the s&p and the nasdaq have been as bad. why that spread between the --

why that divergence? >> it's pretty easy to explain and not that interesting, unfortunately. dennis: then skip it. [laughter] >> it's the consolidation phase, and that's characteristic of this kind of pixed market. and, of course, the dow 30 only has 30 stocks and, of course, those are going to be prone to bigger moves during earnings season. i think that's where that disconnect comes from. as soon as the market breaks out or breaks down, you'll see everything link back up. dennis: scott, given what she just said, would a person be better off kind of buying the dow index or the s&p 500 and nasdaq indexes which have been up more? >> well, the dow i'd never buy was it's 30 stocks, and they're price weighted, so the biggest price number has the bigst move, and that's why you see it be an outlier. i do like the tech sector, i do like the s&p, but you've got to pick out certain sectors that are going to outperform be, hiring workers, making more stuff, more profits, because those will outperform the broader markets. dennis: crisply done, thanks very much.

katie stockton and scott martin. cheryl: we are getting some breaking news into fox business. fox business has just learned that twitter has signed a lease for some major office space right here in the heart of silicon alley that is here in new york city. they are not moving their corporate headquarters, of course, from san francisco, but this is a huge coup for the big apple and this publicly-traded company as it continues to expand. this is midtown south and midtown south, obviously, is huge. all right, at the world economic forum in davos, switzerland, the event is gathering a full head of steam. in the last hour, liz claman spoke to john chambers, and she asked the cisco chief his take on the global economy. >> reasonably good. we're in a quiet period, not a comment about cisco, but the u.s. is pretty much what we outlined before capital spending, reasonably good in the enterprise and commercial markets, that's what i'm hearing from our peers. europe, or northern europe, improving a little bit. some challenges in the emerging

markets. the wall street journal said it best, the emerging markets are in for a bumpy ride. everybody said it was unique to ciscoment once again, we're the canary in the coal mine. cheryl: all right. as world leaders gather in the alps, they often tend to to look inward, and what did they see? is only a tiny percentage of people at the table are women. and liz claman is one of them. she has what's called media leader status at davos. liz, it appears davos has gone backwards when it comes to women participating. liz: i'm wearing one of those media leader passes, you were just talking about it. it basically gives you all access, but for whom? now listen, last year 17 president of the participants here at the world economic be forum were women, this year kind of gone backwards, 15%. but my next guest is a longtime attendee who's so used to being the only woman in the room, the chairman of bain and company. good to have you. >> good to be here, liz. liz: we call you the ceo whisperer, because you help

companies become smarter, better versions of themselves. as you come to an event like this, do you even notice you're one of the few women? you've been doing this so long. [laughter] >> please don't age me, liz, that's not fair. [laughter] i have been doing this for a while. i don't really notice, but i notice that there's a much more interest in the topic of are there enough women here. the forum itself and the world economic forum have put that on the agenda not just in terms of some of the initiatives, but really in terms of participants. and this time i actually had an opportunity to meet some of the world leaders who are very interested in this. liz: we've got a captive audience right now, and i really want to pick your brain, get some free advice for them. i know you do specific businesses, but just generally, what are one or two things business leaders should do to improve what they're doing in 2014 and beyond? >> one of the main topics today

and many apartments are talking about it and -- participants are talking about it and many of the sessions have had to do with it, is really about the confluence, the coming together of the physical world and the digital world. actually, we sort of termed it digical for the combination -- it's a hybrid. but there's almost no business that can escape the need to get up front and bring digital into the business. you have businesses that are based almost completely only on the digital formula, if you will. but every physical business, in fact, every institution -- you can talk about universities, you can talk about government, whatever -- has to bring the digital aspect in here. that requires new skills, and new talent. liz: talking about digital, there is the belief that the more you digitize and the more you turn to technology, that eliminates jobs. it's the old thought about how

robots in the auto industry got rid of humans, but in the end, you perhaps pill those lost jobs -- fill those lost jobs with people who are building the intellectual property, the robot. where do you stand on that? >> there's an element of truth in that. and like every cycle you see it more at the beginning. you saw it at the beginning of the industrial revolution. at the beginning, there was lots of jobs, and then more jobs were created and more categories and industries were created. so we are actually at beginning of that, and we will see some of that, and that is a topic for discussion. but i think something that goes beyond just the issue of employment is, actually, i'm going to come back to digital. what does that mean to companies, to individuals and, of course, the government for the nsa in the united states has a lot to do with that when it comes to privacy, to trust and to transparency. and that has been a very

important issue that is being discussed here. liz: as we finish, are you advising companies that the economy as it gets better ask better is something -- and better is something that should spur ceos to take some cash off their books and put it to work? >> of course we are. i've been doing this for quite a long time. i remember last year we talked about not doing enough. liz: you said spend it especially when times are unsure. >> and, in fact, people started to spend it. you see more and more people spending it in acquisitions, in research, renovation, going back to emerging markets where for a while people were not going to. i think we're starting to see the people coming to their senses and saying we need to use this cash in order to grow. in that sense the economy's picking up. fragile, but definitely picking up. liz: the ceo whisperer over at bain and company, lovely to have you with. thank you very much. >> lovely to be here, thank you. liz: we'll send it back to you in the studio in new york.

dennis: and the dow flirting with its biggest selloff of 2014. live update coming. plus, netflix shares surging to another record. how long can it keep up that explosive growth at least in the stock price? cheryl: and southwest airlines chairman and ceo gary kelly going to be joining us to talk about his outlook for the year after the airline's blowout quarter and blowout year, the stock up 90 president right now. we'll -- 90% right now. we'll be right back. ♪ ♪ [ male announcer ] here's a question for you:

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cheryl: just in the last couple of momes we have seen the dow hitting session lows, down now 178 point, literally three points off of session lows for the day today. may jack abramoff selloff on wall street, we're tacking it more you. i'll just show you verizon really quick because the telecoms were the worst performing sector yesterday, that is the only thing we're seeing positive today. really quick, though, we're keeping an eye on the sector that is retail. retail starting to get a lot of numbers coming in best buy and

gap, we're going to continue to track those numbers and earnings, those have been affected by lackluster holiday sales and many companies coming in disappointing. let's bring in nicole petallides from the floor of the new york stock exchange. you're watching another retailer that's making news right now. >> i am, indeed. the gap down almost 2%, that was the worst of the bunch. american eagle outfitters has a big story to tell today. the stock is down 9.5%, hit a new 52-week low. turns out the ceo of two years, robert hanson, is going to be leaving the company. it is a surprise move. only just recently he was at an investment conference, last week, for retail and the like for powell restaurant consumer industries, and analysts that were there got no indication at all that there was going to be some sort of management change. now, when you talk about these teen retailers, they obviously all face intense competition. american eagle, abercrombie & fitch, aeropostal, they're all to the downside.

and they face h&m and zara. obviously, an intense industry, but the departure of this ceo is, obviously, very telling. and at the same time abercrombie & fitch is looking for division heads, so i'm sure there's only a small pool of folks who can run these things. back to you. cheryl: thank you so much, nicole. dennis: what's bugging me is hypocrisy in davos. this week hordes of ceos and politicians, activists and celebrities and the media descended on davos, switzerland, for the world economic forum, the most powerful gathering in the world. officially, they're there to ponder global threats; war, climate change, water scarcity, financial collapse. but to hear the nonprofit wef organizers tell it, the biggest threat in the next decade is income inequality. it is the mean of the -- people of the moment. bernie sanders, president obama,

new york mayor bill de blasio and now wef. right, gather the world's richest and most powerful, charge them huge sums to attend, feed them champagne and 100-year-old bottles of wine at google parties and then let the ngo's and pious do gooders wag a finger about it about how wrong it is the rich are getting richer. don't whine about the rich, focus on growth that will lift the bottom. over a billion people in asia have risen out of poverty to join the middle class last decade thanks to globalization, and the ngos that hate the rich had not one single thing to do with that. so tweet me, hypocrisy at wef, is income inequality really the biggest global threat? cheryl: all right. well, southwest airlines flying past estimates in the fourth quarter as lower fuel bills help boost the bottom line. they also had plane land at the wrong airport, by the way. we ask gary kelly, chairman and ceo of southwest. that's coming up. ♪ ♪

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>> 24 minutes past the hour, hi, everybody, i'm jamie colby, and this is your fox news minute. s there is a new call to end the national security agency's phone records program. an independent watchdog group calling the agency's collection of phone metadata illegal,

urging the agency to halt the program entirely. the privacy and civil liberties oversight board also pushing the government to get rid of its massive inventory of calling records. and you probably know there's a deep freeze gripping much of the country today. well, the temperatures are in the single digits, even lower in some areas, thanks to this latest blast of arctic air. schools in minnesota closing as dangerous wind chills are expecting to reach, ready for this? 45 degrees below zero. yes, and it's heading south. even texas is gearing up for ice and snow. and toronto may a your rob todd, you he's admitting to an unfortunate slip after his latest drunken episode. there's video that emerged of portly mayor slurring his words many a jamaican accent at a fast food restaurant yesterday. ford says he feels no need to apologize for his personal setback. those are your latest headlines in the newsroom, back to dennis and cheryl. guys?

deb time to make money with charles payne, and this hour he is taking a ride on the reading, looking at railroad car maker, trinity industries. >> hey, take a ride on the reading. when you got that card and someone owned all four rail, oh, my god. toward the end of the game, you had $200 left, and that was all she wrote. okay, i know the dow's down 2000 points -- 200 points, hey, i'm going to talk about the china connection and why china can knock our markets so much, but there's been great news in the last 24 hours we haven't talked about this morning. union pacific said, quote, this is our best quarter ever. yesterday norfolk southern had a tremendous quarter, intermodal up 6%, agriculture up 9, automotive up 10. that was yesterday. this morning, the guys with the best quarter ever, agriculture up 19%, auto up 10%, industrial up.

they see signs that the economy is -- dennis: they're customers for tripty's rail cars. >> -- trinity's rail cars. >> right. yesterday norfolk sun said they're going to spend $2.2 billion year, by the way, trinity sells these rail cars that transport oil. and, i mean, just absolutely huge. cheryl: we're just getting some news in from the, this tsb that they're actually putting out -- those rail cars that were carrying crude, is that good for a company like that? >> it's enormous. imagine if they said you've got to have a double haul, sort of like a ship. i don't know what they would do, but they're talking about seriously reconfiguring these rail cars. to do it, it's just going to be gravy for trinity. i think this is something you should buy -- do. dennis: and we will track. >> you better, baby. [laughter] cheryl: chaims payne. dennis: all right.

the dow down nearly 200 points, and we are tracking that selloff ahead. plus, housing is losing some steam, at the end of last year it was. what can that mean for 2014? cheryl: and coming up, we've got southwest airlines' chairman ask ceo gary kelly. he's going to be sharing his reaction to that plane that landed at the wrong airport in missouri. you don't want to miss that interview, that's coming up. many there i ys say be thman with the plan

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dennis: the dow is now down nearly 200 points, on track for steepest intraday loss in five months. let's go to nicole petallides. >> reporter: and we've talked about all five sectors selling off. it's a tough day on wall street. ultimately, we're down about 200 points on the dow, but it's worth talking about some movers here on wall street that we're @eeping an eye on. of course, netflix which really surprised wall street, adding more subscribers than they

originally anticipated and the analysts anticipated. so you're seeing that name up about $48, they've hit a new all-time record high today. twitter getting some releases here that they've taken about 140,000 square feet on the west side of manhattan on west 17th street. aeropostale earlier i showed you a name that's to the downside, american eagle outfitters hit a new low, the ceo stepping down, aeropostale hitting a new low as well. and herbalife as you have, obviously, massachusetts senator now trying to look into herbalife a little more closely because of constituents who are distributers of herbalife products have been losing thousands of dollars, and he wants some answers. back to you. cheryl: all right, nicole, thank you so much. we've also got a lot of economic news out today including this, sales of previously-owned homes inching higher in december after three straight months of declines. the number falling slightly from

the year before, but if you look at 201 as a whole, it turned out to be the best year for existing home sales in seven years. jerry howard, ceo of the national association of home builders, is here the in our studios in new york. jerry, you know, overall the number is positive, but we're looking now at 2014. the analysts are telling us it's going to be flat. is that what the builders are telling you? >> with respect to the sales of existing homes, cheryl, yeah, we expect it to be relatively flat, and that's for two reasons really. the first is there's very little inventory of existing homes offense the market, homeowners are holding back waiting to see a more significant increase in values. and secondly, credit is still very hard to get. so you're looking at a real sort of catch 22 for existing home sales. now, we do think that new home sales will be stronger or this year than they are comparatively to existing home sales, and that's because builders are focusing in at the entry-level market, and they're getting ready to really hit the skids. but build with -- builders are

having credit issues. cheryl: i was going to say, the confidence level was down for builders, i would think it would be the opposite right now. that's a great thing for builders. but you're saying credit is not available. >> credit is real hard to get at the acquisition, the front end of pipeline, and a lot of that as to do with either the banks being overly regulated or else they're still nervous about what happened in the housing bust, and they're not getting back into the market. the dodd-frank laws are still waiting to be to implemented, and builders are really in jeopardy right now. cheryl: the chief economist for nar came out today and said affordability is a major issue, affordability across the board. if you look at one percentage point on interest rates, that's a 10% jump in the price of that home. that's why interest rates are so tightly correlated. but do you think that's going to be the same issue for the wilders as well -- builders as well, especially be they're targeting that younger demographic? >> it's affordability because of the underwriting standards to get a mortgage. the credit squeeze is on in such

a big way as a result of the housing bust that people just are having a much harder time getting mortgages than ever before. cheryl: let me ask you about, you know, existing home sales had been jumping since 2011, september. so we've had two years of strong growth. now existing sales have finally flattened out. does that mean all that inventory is cleared out? >> we see there's a lot less inventory of of existing homes, and it's going to be problematic going forward -- cheryl: but prices will rise. >> builders should get back in the market and start building more. cheryl: but they're lagging behind, and this is good for someone that's trying to el their home right now because builders have labor issues, construction costs right now. >> absolutely. builders are bodiesed to get back in. the demand is there, as you note, it's just there are so many other policy matters that congress and the administration need to come to grips withthey really want to turn the economy around. cheryl: the one thing you want to see come out of d.c. that will help you.

>> a sustainable, long-term government legislativety will have mandated housing finance system needs to be put in place. cheryl: all right. jerry how'd, thank you for being here. good to see you in the studio, jerry. >> thank you. dennis: and your almost friday media minute. netflix, net juggernaut. can anything stop this big red machine? the online stock soaring 14% today on snagging 2.2 million new paying customers in the u.s., and netflix now has almost 32 million streaming customers here. more than the homes reached by hbo. but in the fourth quarter, netflix earned only four cents of profit on every one dollar in subscriber fees. it will borrow an extra $400 million this quarter to expand. it can't rely on its own cash flow, it had only $5 million in free cash, a key measure of strength. wall street is undaunted. netflix was the biggest gainer last year, more than tripled, and it's now up another 6% or so since the start of the new year. and a related matter, new

numbers from mtv group are gaining on hbo and other pay tv channels. the achannels had lost six percentage points could be to only 32% of homes but now they've withdrawn that report which it based on surveys with 7500 households after analyst richard greenfield at btig trashed the numbers and said the pay channels are gaining subscribers, not losing them. cheryl: southwest airlines' profits are soaring to new records for the forty quarter and for the year. coming up next, gary kelly, chairman and ceo, going to give us an inside look at why this year could be even bigger and better for the airlines. dennis: and we go on the road with the ceo of road trip ors, and he's looking to cash in on your next big trip. ♪ ♪

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♪ ♪ >> i'm ashley webster with your fox business brief. fox business has learned twitter has signed a lease for some major office space in the heart of silicon alley near manhattan. they are not moving their corporate headquarters from san francisco, but they will take more than 140,000 square feet on west 17th street in midtown south. senator edward markey of massachusetts is calling for a probe into herbalife. he's written letters to the sec, the ftc and directly to the nutrition company to obtain more information on its business

practices. herbalife says it looks forward to addressing his concerns at his earliest convenience. hedge fund manager bill ackman has accused herbalife of being a pyramid scheme. and the number of americans filing for first-time jobless benefits roads by 1,000 last week coming in at 326,000, matching estimates. that's the very latest from the fox business network, giving you the power to prosper.

cheryl: southwest airlines soaring in 2013, posting record profits for the fourth quarter and the full year, reaping $754 million in the past 12 months. this morning i spoke to southwest's chairman and ceo, gary kelly, about the year that was, the year ahead, and here's what he had to say. >> great momentum in 2013, so we, we got a lot accomplished, we had a lot of things under construction, if you will, that got implemented in 2013.

we made a lot of progress for things that we're going to implement here in 2014. so we still have a lot of work to do. we're going to launch international very soon. it's days away. we are having, of course, the restrictions on the wright amendment repealed 38 weeks from now in october to, so that's a great opportunity for us. and then this is the big year for us to finish the integration of airtran into southwest airlines. you're right on the slots, we bid and won on a package of slots at laguardia, we have a bid in for slots at reagan. we have not heard back yet as to whether or not we've actually acquired any of those. so we'll be launching additional flights to laguardia for sure in 2014, but really the opportunities unfold throughout the this year and more next year as we complete the airtran integration, launch international and have the

wright amendment restrictions come down. cheryl: yeah. which limited flights to other states out of dallas and love field which is where you're based, and that's a big positive for the company. and be i'm curious if this is the year that southwest will no longer be a, quote, discount carrier. you mentioned international expansion. you're going into major markets, head to head with united and delta and american. is this it? is this the change for you? >> no. this won't change who we are. it just creates more opportunities as to where we can go. so the way to think about really where we are today is 1971 we had the whole sate -- state of texas to look forward to in terms of opportunities. now here in 2014 we'll have all of north america. we'll still be a low-cost, low-fare airline offering great service from the best people in the business. so that won't change. cheryl: gary, i have to ask you about what happened this missouri a couple of weeks ago.

i mean, what goes through your mind when you pick up the phone and somebody tells you that one of your planes just landed at the wrong airport? it was supposed to land at branson. how do you handle that as the ceo of an airline? >> well, the first thing we have to do, of course, is just stay calm and make sure that everybody is well taken care of, our crew, mainly our customers and, certainly, that was the case. we have to work very closely with the ntsb to understand exactly what happened, and that process is underway and, only, we're very supportive of that. so we need to if there's any corrective action that we'll need to take, we'll do that. but it's premature to speculate as to exactly what happened and, obviously, we have to land at the right place, and we're working very closely to make sure that something like that never happens again. cheryl: well, gary, a lot of airplanes are not landing in the right place right now. we're dealing with extreme weather in the northeast, and this is now affecting you as

you've grown so much in the northeast. what are you doing right now when it comes to weather delays? we've got a lot of cancellations, and i'm curious how demand is for january as well in the middle of all of this. >> well, demand at southwest is very strong, and, of course, it's winter. every winter we have weather to contend with. sometimes it falls more this december, sometimes it's january. we've had winter snowstorms, of course, that have been very severe this february. so it's -- in february. so it's just part offing with an airline -- of being an airline, and in the spring you have thunderstorms, and in the summer you have heat, i mean, weather is just a part of our life. cheryl: all right, gary, before i let you go, i've got to ask you, broncos or seahawks? you got a pick here? >> you know, we serve denver and we serve seattle. what an unfair question for me. the cowboys aren't in it, so i'm just going to enjoy the game. i love both teams, love both cities. so how's that for a nonanswer?

cheryl: that is a great nonanswer. gary kelly, thank you very much. [laughter] you're right, without the cowboys in the game, what is the game? gary kelly, chairman and ceo of southwest airlines. gary, thank you so much. >> thank you, cheryl. dennis: feel like going for a drive? why not go off the beaten path? now, there's an app for that on roadtrippers.com which says that almost 80% of u.s. travel and tourism spending is done by those on the road, not in the skies. joining me, we've got the founder and ceo of the site, james fisher, for this week's on the road. thanks for being with us, james. first of all, tell us how your ap works because you don't need a special guide to go to disney world, but you do to find your way to the nation's largest ball of string. >> hi there, yes. so the app is basically a mapping site, but it's also really a, you know, a true travel, a true travel platte -- platform. you can use it much like you'd use any othhr mapping site you're used to, but you can find

all this cool stuff. you can find great hotels, diners, read reviews and ratings, you can add them to your trip and sync it to your phone for 10x10 navigation. dennis: you're taking super high-tech and applying it to an old world travel scheme. you've got route 66, places that have been bypassed by interstate highways. >> absolutely. and there's, you know, i'm not from around these parts, obviously, and when i first came to america, i really -- that's the kind of stuff that i really wanted to explore. so that was kind of step one for us, was make these routes really great, allow international travelers particularly to be able to discover all of these amazing routes around the country and then kind of branch out from there and get more serious about things like hotels and all that kind of stuff. dennis: now, you say the five most popular things that your users, and you've got over a million monthly visitors, the five most popular -- you say tourist attractions, natural

feature, offbeat attractions, scenic points and hiking's last. tell us about some of the offbeat attractions. >> yeah. it's really all of these, like, little funny museums and things you have around the country. there's one up in, there's a museum of clip to zoology up in portland, maine, which everyone should check out. needs some support, needs more visitors. you have all these amazing places with these really passionate collectors and all this kind of stuff put together these great collections and can museums, and we really want to help, you know, drive more people to them. dennis: yes. >> and at the same time, drive to the hotels. depp tennessee now, your app is free for a user to download and use, but are you getting some kind of cut from the hotels i visit on the trip your app arranged? >> yeah. so that's really the next step for us. i mean, at the moment it's within like, quite honestly, it's been like a fun little tool that we've had just amazing growth on and, you know, we've got up to a million monthly visitors on roadtrippers.com.

and now the next step for us to get really serious about making this a hotel bookings tool because the majority of hotels in america are actually booked by road travelers. so we need to make the site geared toward air travelers, so we need to bridge that gap and make it really, really easy to plan and book your hotels. dennis: okay. well, you know what? you can get your kicks on route 66. good luck to you with the new app, and thanks for being with us, james fisher. >> thank you so much. cheers. cheryl: and time for your west coast minute. the biggest storm surge in decades is bringing monster-size waves to hawaii's shores. up to 50-foot waves were feared to affect oahu and other islands. some surf levels were at the highest since 1986. bitter is looking -- twitter so looking to expand presence, we just brought you the fuse about the new york presence, but they're expanding in seattle as well, and the city could become the site's

engineering center in the next few years. a lead engineer said seattle's close proximity to universities turning out tech grads and the city's start-up culture make it a great choice. we brought you this breaking news at the top of the hour they're going to be expanding here in new york city. there is the stock, down slightly. and an update on the san francisco bus situation. bay area protesters are going to extreme new measures to argue their point that tech employee buses should be charged more to use bay area bus stops. activists blocked the driveway, get this, of a google employee's home on wednesday. the employee is part of google's surveillance techniques. take a look at the stock as we close out west coast minute. there you go, it's down just fractionally. that's the west coast minute. dennis: protesters with nothing better to do. and be hypocrisy at the world economic forum in davos. is income inequality the biggest global threat? that's what's bugging me today. your responses after the break.

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dennis: hypocrisy at the world economic forum. is income inequality really the biggest global threat? it's what's bugging me, and here's what you had to say: biggest threat is convincing people that income inequality is someone else's fault, and they are victims. hash tag failure. dan says: the only way to grow from the bottom, they understand, is to take from the top. actual ideas and wisdom many layers below. and slogan sterling says: biggest global threat is not tolerating each other. if we all tolerate each other, then be good. love one another. and finally larry says: to eliminate inequality, force every or congress to budget their income and pay off their debt equally. cheryl: so you can call this walking while impaired. we already knew the habit was

annoying, but now a scientific study out of australia's university of queensland has confirmed that texting while walking is actually dangerous. researchers say that people are unable to walk in a straight line or keep their balance while texting. people were also unable to observe their surroundings making them more likely to fall. our guys, obviously, on our show, they knew exactly how to text and walk. they're also 20 years younger than me. we did our own test, as you saw just now. those were our results. i think they performed incredible. nice performance. dennis: they should have done it in stilettos, much harder. all right, the dow has the steepest intraday drop in five months. cheryl: the activist investor strikes again. next hour, the analysts take on carl icahn's bid to split up ebay. dennis: and burned be by the wolf of wall street, a real life victim shares his story. robert tells charlie gasparino what the stock scammer was really like. ♪ ♪ [ male announcer ] this is the story of the little room

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is calling for an inquiry. >> and this, splitting ebay into two. spinning off paypal into its own business. so far it has been robust by the tech giant chief. here to tell us why his plan is actually a win-win for investors to matter what happens. >> forbes calls it one of the top five most promising companies, lending club cofounder and ceo joins us on the business that allows ordinary people to loan money to each other.

dagen: burned by the wolf of wall street, charlie gasparino insouciance with one of the 1500 victims. first, our top story, nicole petallides on the floor of the new york stock exchange. the dow on track for third straight day of losses. nicole: down 200 points. you're seeing selling across the board. all three major averages at any given point were down over one full percentage point. the nasdaq down .9%, s&p 500 down 18 points, a loss of a full point. the dow down 180 points. most of the names of the dow jones industrial have down arrows. some telecom names are squeezing out gains. primary influence was china this morning. they really echoed that sentiment. what we saw from china was a contraction in manufacturing. below 50, that