week in a month. briefly dropping below 16,000. it is not to say that it won't or cannot happen. we drop below 16,000. our lowest point was 15,982. the dow is down 2.7%. it is a tough week. you see the numbers fluctuating. using gold and utilities and telecom and volatility. the highest level in more than three months. right now it is at 1615.

we are seeing the jump. earlier today it was up over 20%. 22%. the anticipation here that the markets are somewhat unsettled. adam: sandra smith has the latest on the developing story in today's trade. sandra: maybe gold will go higher this year. i want to bring to your attention, gold. right around the unchanged mark. it was seen as a major resistance level. nonetheless, higher for the day.

bringing up a weekly chart, higher for the week. the fifth straight day for game for gold prices. this is the story we are looking at so far. contrast to what we saw last year. it has been seeing the biggest amount of daily inflows in weeks. in some cases, months. a lot of attention. maybe a turnaround for the gld as well. back to you. adam: sandra smith, thank you very much. lori: argentina surprising. the fed will print fewer dollars, which in reaction, has a basket of foreign currencies weakening against the greenback. welcome back to the show, hank.

>> well, look, we have more uncertainty right now that we certainly did a couple of weeks ago. china's economy is slowing a little bit. the surprise in argentina -- although, that really is not a surprise. the market is due for a pullback. a pause at the very least. it has been a year and a half since we have had a correction. that is a long time. this should not be a surprise. we do think that it will be short-lived. lori: that is a relief. a lot of commentary to the feds roll. now that the taper is underway, there are fewer dollars being invested.

>> i do not really -- i do not think -- i do not think it was the primary reason for the rally. i think fed policy has been helpful. i think it has been fundamentally driven. the reality is, monetary policy will remain extraordinarily accommodative for several more years, even as we taper and even when we finish tapering. interest rates at the short and will be grounded at a very low level for several years. lori: okay. i want to leave it there. you think that this correction, if you want to call it that, actually, what is the best way to characterize what we are seeing in the markets? >> well, right now it is just

noise. i do not think we will have a bear market. i do think that we will have a pullback and maybe even a correction. i mention it will be short-lived because there is plenty of money on the sidelines. oh, by the way, the ten year treasury yield is coming down with this selloff. all of a sudden, dividend yields are looking that much more a track if. lori: right. you have those risk averse type stocks. if you are a shorter term investor, should you reign in your risk a little bit right now. >> it is a very challenging question. on the one hand, the economic

data is improving. all incrementally better and should continue to get better in 2014. you would think with that backdrop, yields would be going up, but they have been coming down. as we've played through 2014, a balance due defensive companies and more cyclical companies, it continues to be the right game plan. lori: thank you so much for the discussion today. hank smith. adam: we have the details on jpmorgan's payraise. the rays were stores most of diamonds pay cut from 2012 following the london whale

scandal. lori: new warnings. fbi reporting that retailers need to prepare for more credit card breaches and cyber attacks. the fbi says risks will continue to grow in the near term. adam: big losses for herbalife. they are meeting with some of the companies critics. herbalife targets poverty-stricken immigrants. th against fraud claims including claims against bill ackman. lori: what does it all mean for the budding weed industry?

rich edson is on the story. >> attorney general eric holder says the federal government is trying to make it easier. speaking of the university of virginia, holder says we are in the process of working with our treasury department. you do not want just huge amounts of cash in these places. you want to be able to use the banking system. officials are discussing options for providing clarifying guidance to the bank industry. there are still concerns that it will not go far enough. back to you.

lori: thank you, as always. adam: a big down day for equities. peter hayes, however, will join us. why muni bonds are set for a comeback. lori: john boehner on the tonight show. the odds of a 2016 presidential run. adam: proctor and gamble second-quarter earnings report fallout as men ditch the razor. ♪

my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke.

ask your doctor if you need to stop pradaxa before surgery or a medical or dental procure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa. open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york.

if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com. [ chicken caws ] [ male announcer ] when your favorite food starts a fight, fight back fast with tums. eartburn relief that neutralizes acid on contact and goes to work in seconds. ♪ tum, tum tum tum tums! lori: we are watching some of the winners today. starbucks being one of them. earnings release after the bell yesterday. a 25% jump in profit. microsoft, another gainer today on earnings. new sales of the xbox console.

they did not provide an update on the ceo search. we are also taking a look at companies reporting this morning. you'll never guess what they are blaming on the situation. nicole: i really actually could not believe it. let's just talk big picture here about proctor and gamble. they did give earnings with outlook that was a little bit better. the stock is up. weakness was in skin care and proctor and gamble pointed their finger at movember where people leave their beards. kansas city southern. they missed the quarterly

estimates. the transportation index down nearly 3%. really getting hit hard. 452 weeks, still higher. back to you. adam: our next guest seize these opportunities saying this is the best time to buy. i would offer an emphatic yes. thank you and congratulations. you told us to get ready for puerto rico to restructure its debt. we see that beginning to happen. let's start with puerto rico. you are not concerned. you think that this will be contained. why should investors not be concerned by that?

>> i think that it may be an issue down the road. there was talk of them trying to buy a $2 billion line. what type of security protections are those investors trying to get in order to lend that money. probably pretty big ones. i think you have to be pretty concerned. the other aspect is while the price of the bonds have gone down, they are still paying coupons. if they restructure, their net income stream stops. you will see more widespread selling. adam: we will talk to you about puerto rico. we have done that in the past. the thing to watch is detroit. why is that kind of your barometer on how to gauge

things? >> over a third of the market is based on the municipal bond market. it is being called into question here. it is a big change. i think the outcome of this may not be unsold for years. it will take some time. i think we are watching very carefully to see what it means, not only for general bonds in michigan, but others as well. it is definitely worth watching. connell: at the losses last year had more to do with interest rates and less to do with risk aversion. a lot of us thought it was puerto rico.

>> you pointed to a negative year. figure was down about 2.5%. from the end of april until the middle of june, that index was down almost 5%. right around the time that chairman bernanke pers testified to congress in may. i think it was really all about rates. they began to liquidate the duration holdings. over $50 billion came out of muni funds during that period of time. i think it was more about rates and a lot less about credit. adam: that investors are actually going into muni's. we will talk about that next time. it is always great to see you.

thank you, sir. chicago is facing huge liabilities. it may have to cut public pension benefits. joshua rao says there is still risk even if a deal is made. >> at the end of the day, the government can say they can get the right to renegotiate this contract or that contract. at the end of the day, the question is -- ultimately, the police have to agree to provide safety. that is why i look back at this. i get very worried. the question is, will it be politically feasible to do so? adam: you go watch the rest of

the interview at fox business.com. lori: iphones mistake. adam: the fight to the superbowl. we are not talking about the seahawks and the broncos. travel zoo on how to score a good deal. about a week until the big game. lori: it is getting messy and france. adam: you have been very very bad. ♪

♪ >> 23 minutes past the hour. at least six people killed in a string of four bombings in cairo. including a car blast. the most significant attack yet in a city at a time of mounting complex. growing unrest in ukraine. occupy barricades. the movement is spreading

outside the capital. reports now surfacing that the country's president is promising amnesty to detained activists in attempt to stem the violence. a visit being paid to the pope today. a very messy scandal over an affair that he allegedly had with a friend -- french actress. he did not mention the scandal. would you have not love to have heard that meeting. back to adam and lori. lori: thank you. john boehner appearing on the tonight show last night. offering some comments on the battle leading up to last year's government shutdown.

>> if you want to fight this fight, i will go fight the fight with you. it was a very predictable disaster. >> i like to play golf. i like to cut my own grass. i am not giving it up to be president of the united states. a lot of folks do not blame him. boehner said he had no chance of running. adam: apple is reportedly planning a larger screens on a pair of iphones set to release later this year. a 4.5-inch and 5-inch screen are allegedly in the works. apple's largest phone has been the 4-inch display on the iphone5. the company is also taking a look back today. it was this very day back in

1984, a young steve jobs stepped on to the stage and unveiled the first macintosh. sales of ipods now outsell macs. steve jobs legacy lives on in the variety of apple products. lori: a forever stamp. how long the post office will keep raising prices. adam: are you ready for some football? how much are you really willing to pay. whether there are deals still to be had to get you to the game. ♪ [ female announc ] who are we?

we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours.

lori: we are in definite selloff mode on wall street with the dow and s&p flirting with their biggest decline since august. send it down to the floor of the new york stock exchange and jason wisering for his take. right now the dow is off 204 points. we're just below the key 16,000 mark on the index. how do you think this day, this week is going to wrap up? >> well we'll probably end up near the lows for the week unfortunately. i don't know that it is exactly justified but if people are looking for reason to sell and using emerging markets as that reason they are boeing to sell them and seems to be momentum players are driving the process here and we've lost sight of fundamentals. you can't fight the tape and this is perfect example of don't try to catch a falling knife. lori: yeah. so we know we have a fed meeting next week. is this another situation of good news on the economy is being translated into bad news

by way of bullish or investors who are long the u.s. market? >> you know, i don't know. i don't think we'll get much out of the fed next week. they have been pretty clear what their intentions are. they haven't varied that much. i don't think the market is really selling off as a result of the economy getting better. i think people are spooked what is going on in emerging markets. certainly in the municipal bond, the situation in puerto rico. you couple that with what is going on in argentina and turkey, not that turkey has a huge impact on the markets here but you know, i'll go back when we had the whole greece debacle. really didn't have major impact here but, it was nice reason to sell things off but -- lori: jason, doesn't some of that stem from fed and the accommodative monetary policy and now that, look, there was the hilsenrath piece last week in the journal suggesting we will step up the taper, the fed will step up the taper.

with fewer dollars being invested in these emerging markets the fear is building on itself? this is a very much a psychological move around the world? >> you know, you made a very good point. it's a psychological move. it is not necessarily reality move. and truth be told that if we don't, if the fed tapers their spending, in terms of their purchasing, you know what? that means that the economy is getting healthier and act on its own without crush of the government and long-term that bodes very well for the market. lori: jason weisberg. thank you so much. adam: denver broncos and seattle seahawks are getting ready to do battle at super bowl xlviii a week from sunday but a ticket on the retail market will cost you big-time. guess, how much, don't look at it? lori: a million bucks? adam: that is the most expensive actually. 1800 all the way up to 800,000 bucks. but our next guest says there are still some deals.

yeah, $800,000 buck, that's a deal? i have a deal for you. we have travelzoo's senior editor. thanks for joining us. so what are the deals? i imagine it is not the $800,000 ticket to the big game? >> you have to invest on those tickets. the good news we're certainly seeing air fare prices come down significantly this week. united airlines added 11 extra flights out of seattle and denver and back to the two cities out of new york during super bowl week. sea at that time he will come down from 2500 a round-trip. this morning on flight.com, count a couple of flights on united for 710. jetblue about 910. out of denver the jetblue is the lowest air fare right now out of denver. about 280, 300 round-trip over the super bowl dates. air fare has come down. we have hotels. the good news this is low season in new york city already.

so we're seeing, we tend to see 150, 250, 300-dollars rates already in new york city. those have gone up a little bit and we're seeing good deals on hotels in the new york city area. adam: is anyone doing, when you talk about deals in the new york city area, is anybody doing joint airplane ticket, hotel package for fans that might be coming this way? >> absolutely. packages are generally a great way to go by bundling hotel and air fare we see savings 10 to 20% passed on to consumers. we have specialty packages by sports specialty companies that will charter flights include hotels from budget to high-end but a lot of specialty packages have extra, obviously ticket included, extra events around the game and tend to be higher price points anyway, 4500, $7,000 packages. so you invest big on some of these specialty sports packages. if you have air fare keep in

mind hotels offer -- hotels good rates for next weekend. king and grove, 29th street, walking distance to the empire state building. rates this morning 255 a over super bowl weekend. adam: is that include bathroom? some hotels share bathroom? >> yes i learned hard way. king and grove. recently renovated, yes, bathrooms are included there. best western plus president hotel, the one with the purple motif for, red, republican red, democratic blue coming together. purple motif at best western near types square, 239 a night over next weekend. high-priced, hilton garden inn near central park which opened up last nig, 314 a night next weekend. meatpacking hotel, high-end property in meatpacking district, 670 a night.

high price points depending what you want to spend but availability there. adam: lori is renting a room in westchester. if you're willing to take the train long island or met know north. lori: my only price you have to eat my cooking. adam: how badly packed will city be? it will be a madhouse. hopefully no weather delays. what do you think it will be like? >> definitely packed not only super bowl sunday but we'll see a pickup in foot traffic thursday and friday into monday and tuesday of the following week. i think a lot of businesses are on the alert. they know sunday belongs to gameday but they're hoping fans will be spending money locally on thursday, friday, saturday, monday, tuesday, and beyond. our local deals team which works with tons of businesses on the ground is coming up with amazing amount of aggressive deals for those days specifically from spa days at the waldorf, to statue of liberty dinner cruises to discount tickets to the empire state building. those are all deals we have on our free app and website.

we're coming up with those daily as businesses try to take advantage of excess foot traffic around super bowl sunday. adam: thanks very much, gabe. >> you bet. adam: don't miss fox sports one's super bowl coverage between the broncos and seahawks kickoff is 6:30. as for lori's cooking, she makes great reservation. lori: i do. i'm steering clear. midtown manhattan and come to work and out. it will be crowded next week. muse you can superstars from taylor swift to keith urban getting up on the grammy's stage this weekend. nobody gets there on their own. we have people behind the some of the music industry's biggest acts coming up. adam: security concerns in sochi liz claman in davos with a russian banker on the winter olympics impact. [ me announcer ] this is the story

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

open to innovation. open to ambitio open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it start a tax-free business at startup-ny.com. >> dennis kneale at fox business brief. tesla motors will contribute 1/3 of global sales. building a network of free charging stations from bejing to shanghai. will open dealerships in 10 chinese cities in 2014. union dues membership remains lowest level since 1930s.

unmembers make up 11.3% of the workforce in 2013. the same percentage as previous year. 14 1/2 million americans are union members. nba sacramento kings bought a sight for a new 44dollars -- $448 million downtown arena. it includes office towers, residential hotel and retail. this is a comes a year before it was going to move to seattle. that is the latest from fox biz network. giving you the power to prosper.

lori: it is day three of our coverage from the world economic forum in davos. liz claman asks the house majority leader about the relationship between republicans and the white house. >> i think long term eventually i think the white house is going to realize that you know, what we're about as republicans is actually fixing the problem on

the debt. we don't say that america shouldn't pay its bills. of course america should pay its bills but we can't keep spending and borrowing the way we are ignoring the problem. that has been the frustration dealing with this white house. adam: if there is one delegation that has grown from small to huge over past five years in davos its is the russians. they see opportunity at the world economic forum. liz claim is there to introduce us to one russian banker working the room. liz? liz: since my first interview five years ago with andre kosten, chairman and president of russia's vbt bank they expanded into europe asia. how does it work when russia has a state-run capitalism form it works with. let's bring him in. we're thrilled to have you once again. >> good morning. >> i could ask you by definition, state-run means you can't be a full-blown capitalist, can you,.

>> we can. we have a responsible for our shareholders although the government is still giving 60% of our stocks but we gradually we're our bank last year we made new admission of our stocks and sold them prior to investors, if nothing oil funds from qatar, norway, and azerbaijan could be considered private investors. liz: do you have american investors in bigger groups nowadays? >> we do have. we do have, yes, investors. well, they're not, having a very big stake in our bank but yes, we had quite a number of american investors. >> i was thinking the fact you were coming and i thought to myself, what must a russian banker like andrey think when american bankers like jamie dimon get slammed with billion dollars penalties andfies and all kind of issues? from where you sit, what does that look like to you?

>> well i met most of the american bankers during the last two or three days here and definitely, i mean on o is a qud because the american economy is growing and banks are doing quite well. frankly speaking our bankers main concern about regulations didn't come through. actually i think the authorities have relatively reasonable approach to this problem but of course i think it is very important to re-establish the reputation of banks. and i think, we should draw a line at certain stages say enough is enough. penalty's done. the life continues. the banks are playing two important roles in american economy and global economy and we should go ahead. liz: when you see how u.s. bankers treated by the government, does it make you shrink away from growing vbt bank in the united states? >> we're still focused on

russia. more than 90% of our income comes from russia. we're doing much better, that is true in russia. liz: let's talk about the russian consumer and this of course with the backdrop of the sochi olympics. everybody is looking forward to that. there are many questions about it or whether it is security or whether you can really have the average russian afford any of the tickets but what is the atmosphere like from the perspective of the russian consumer, of course many of your clients? >> i think, mainly, i mean the majority of population are proud that we have olympics. i'm not expert on security matters but i know that president putin and other people responsible there they're doing their best to provide the proper security. it's a very big issue. and a lot of attention paid to this. it was a huge construction, if you visited sochi five years ago and now, i see as completely new modern and high-standard resort for both summer and winter sports for holidays. there is lot of money spent and

people arguing whether they should spend on olympics and other things, it is one of the largest investment projects in russia. a lot has been done. liz: the consumer as they're asking for loans to grow businesses or perhaps buy real estate, what do you see at the bank? >> the problem with the russian economy it is slowing down. last year only 1 1/2%. this year we might not have more than 2%. that is of a great concern and for banks as well. we do have liquidity. we do need more clients who are able to borrow money and who have good projects and good prospects for their development. that is largest concern in russia now. lori: as we finish, davos has drawn more and more russians. he would whom we've done interview he is always interested being here. what importance is davos to the russian business people? >> it is important for russia to be fully integrated in the world economy. russia is doing a lot.

in 2012 russia chairing the apec committees meetings. we're comparing last year g20. this year we chair g8. we're part of international dialogue and very important for russia and rest of the world. >> liz: wonderful to see you. >> thank you. liz: our fifth year, at davos. good luck with vbt bank. thank you very much. we'll send it back to you in studio. lori: thank you, liz. it might be warmer there in davos than it is here in new york. next hour liz will speak with johnson controls's ceo exclusive. adam: time for stocks. care.com soaring after it went public at nyse. nicole petallides on floor of new york stock exchange. who have you got for us, nicole? >> we have a the female ceo, pretty rare around here for ipos. the stock is soaring the original range was 14 to $16. ipo price was $11. the high today is 23.47.

the stock of care.com, crcm is up 36%. care.com has over nine million members. it is in 16 countries. this is where you go to get, care.com you can find nanny and home caregivers and pet givers, pet care for you. the stock has been received beautifully and trading incredibly well on a day where thedown is down 206 points. back to you. lori: that site helped me out of a bunch of jams, thanks, nicole. and other working problems. if you have letters to mail, you might want to hurry, starting on sunday, three cents more for postage. price of stamps going up again and largest increase at more than 49 cents a stamp. plus the usps will plan to ask permission for a one cent price hike to keep up with inflation in 2015. no wonder the forever stamps are popular. they made up 84% of stamp sales in 2012.

adam: what does it take to become one of the world's biggest superstores? you're one of the world's biggest superstars. lori: now you're insulting me ortizing me. 30 under 30 on your team. on their multimillion-dollar startup. that is next. ♪ [ 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 conties ] [ male announcer ] so the mac shell went back to being a...shell. get live squawks right in your tradg platform with think or swim from td ameritrade. [ male announcer ] wt kind of energy is so abundant, it can help provide the power for all th

natural gas. ♪ more than ever before, america's electricity is generated by it. exnmobil uses advanced visualization and drilling technologies to produce natural gas... powering our lives... while reducing emissions by up to 60%. energy lives here ♪

lori: music artists biggest night the grammys taking place on sunday but how do they get from no name to superstar? that is where brittany and kim come in. the cofounders of a company are part of the team behind the success of artists from katy perry and taylor swift to mumford and sons and mary j.

blige. brittany, kim, so nice to meet both of you. >> thank you for having us. lori: i want to let viewers know, kim, you were named one of forbes 30 under 30. brittany you missed deadline by two weeks. >> i did. lori: what a honor. explain to me the inception of company and what you guys do. begin if you can. >> absolutely. we started the company three years ago. just like you said magazine and pack. we package music and dvds with magazines along with limited edition merchandise. lori: the magic of live tv, i have to interrupt you. let my folks know that my earpiece is failed, let me know how we're doing on time. that would be awesome. kim, i'm sorry, brittany. how did you guys get idea? your background is in publishing. >> my background is in music and kim's background is publishing

which is why it's a perfect partnership. we wanted to find a way to get people with artists they love. you follow people on twitter and instagram and you feel like you know them and but there is no real connection and no tangible way for fans to deliver stuff to the fans in a way that feels special and collectible. >> how does this work? do you meet with the artists, listen to their needs an come up with a proposal and present them with something like this these actual print, hardcovers. >> want to come work for us. that is exactly what we do. we sit with the artist, what does katy want to do for the package? what does she think will be perfect for her fans to love. lori: that is interesting, a lot of people say oh, print is dead and everyone is focused on online an digital and how to monetize social media as well. you found market and demand for hardcover, for little booklets. amazing, brittany. >> thank you. we felt like it was was intrinsically true that super fans want tangible stuff.

you want to hold something, feel it, say i'm the biggest fan of katy perry and i need something special. we were tape to put this together. lori: you guys did 6 million in revenue. up from 2.6 million. very fast pace of growth. how will you continue that? what is the plan going forward? >> the plan to diversify outside of entertainment. we have hunting projects going on. we have bass fishing. there are super fans of everything not just entertainment. lori: we have the grammys coming up, brittany. did you work with any of the artists specifically to enhance their presence and get them nominateed? >> most work we do with artists around the releases of the we were excited to see taylor sweat was nominated for her album of the year with red. that was great. we worked with other nominees we're very close with. a lot of country artists we work through with various partnerships. it is exciting time. >> guys are brilliant. best of luck to you.

thanks for sharing with us. your business, zinepak. adam? adam: smoking profits. attorney general eric holder wants to make it illegal for people growing marijuana to hold money in nation's banks. rich edson will smoke out the facts. and your tweets as tracy byrnes and ashley webster take you through the next high flying hour of "markets now." (vo) you are a business pro.

seeker of the sublime. you can separate runway diculousness... from fashionhat flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national isanked highest in car rental customer satfaction by j.d. power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like pro. cozy or cool? "meow" or "woof"? everything the way you want it ... until boom, it's bedtime! and your mattress a battleground of thwarted desire. enter the sleep numb bed. designed to let couples sleep together in individualized comfort. he's a softy his sleep number setting is 35. you're the rock, at . and as your needs change er time you can adjust your bed to sleep better together. 48-month financing available through february 2 only at yourloc. find your eep number setting and know better sleep.

sometimes they just drop in. always obvious. 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.

ashley: good afternoon, everybody, i'm ashley webster. tracy: and i'm tracy byrnes. zig when they tell you to zag. experts told you to buy stock and sell gold going into 2014. what happened? the complete opposite. dow is down and gold is up. we have all-star panel ahead to let you know what you need to do with your money. ashley: smoking profits. attorney general eric holder

wants to make it illegal to hold marijuana growing money in banks. will the country go to pot? we'll go live to d.c. and finish the puns. tracy: there are plenty more i'm sure. from marijuana to wine, in our friday feature "wine with me." we have a burgundy on set that could go for $6,000. nobody touch it. ashley: don't drop it. facebook fighting back. we have the company's reaction to the story told you about yesterday that the sees an end to the social network by 2017. we'll have that and so much more on this tgif edition of "markets now." tracy: we're having a good time. markets not to much. time for the stocks. nicole petallides on the floor of the exchanges. big losses. >> the dow is down 206 points. the dow in percentage terms down 1 1/4%. s&p 500 down nearly 1 1/2% at 1802 and the nasdaq composite

down over 1 1/2% today. so obviously a tough day. a tough week, and a tough month. this will be obviously our first down month since august. we are seeing selling across the board. it is risk off. they're selling everything from financials to materials and the like. areas that are doing well are the safe havens, telecom and utilities. they trade like bond because obviously they have yields. also we're seeing bond and investment in gold. you're talking a lot about that. gold is up today and the vix, the fear index, showing volatility is here and the transports by the way have accelerated selling down 3 1/2%. back to you. ashley: nicole, thank you very much. playing safe right now but does my of the blame for this market meltdown if that's what you want to call it go to the fed? let's go to our fed reporter peter barnes joining from us inside the beltway with that part of the story. peter. >> ashley the said announced it would start tapering billions in

bond purchases and the market action back then was say, whoo-hoo, the keep the party going. the fed must see the economy getting better. the dow powered through the end of the-year higher ending at 16,500. recently it seemed to dawn on investors, tapering meant that the fed of starting to end five years of easy money, even if just gradually. suddenly fundamentals are all the rage. fundamentals of emerging market economies. fundamentals of companies and their profits. >> the market is priced high. so we can't just base it on the market doing well. now we have to look at the individual companies. you just can't get in an index and think you're going to do well. if you're going to invest in the u.s. you have to have a manager or you yourself will have to be more selective on stocks you choose. >> campbell says one new development is that generally companies are hitting their projected earnings but they aren't giving investors the3

upside surprises that they got used to. the fed meets again next week and is expected to continue the taper. ashley, tracy. tracy: yeah, sure is especially after jon hilsenrath's article everyone is in kind of a tizzy about it. peter, stick around. dow at the lows now, with all three major averages in the trend and it seems to be the trend for fourth so what is going on? -- 2014. experts said said the course, stay in equities. were they wrong? michael cuggino, permanent portfolio president in san francisco. of course we also have here on set our very own lizzie mack and charles payne. freezing here in fox business headquarters here in new york city. i'm going to the warm part of the country first out in san francisco. michael, what gives here? are you still telling people stay the course, stick with stocks or is this stuff making you nervous? >> well, it depend what your risk profile is.

i mean i think what we're seeing is a little bit of a hangover from last year, a little bit of selling new year given tax increases last year. people deferring gains into the new year and investors trying to figure out whether, you know the data points of late last year and strengthening economic growth here and abroad are really accurate. and you know, you guys mentioned the fed a little bit earlier too. are they increasing their taper? what other measures will take, et cetera? there is lot of indecision. three weeks does not a year make. i don't think investors need to panic here. we don't have anywhere near a technical correction in stocks yet. let's be realistic but diversification, balance, taking profits off the table, hedging against equity risks are reasonable. you have to remember you're in the fifth year of a bull market. stocks have had an incredible run since march of 09 lows. at some point they're going to correct. ashley: interesting stuff. charles, to you, michael just

said seeps somewhat reasonable given the length of this bull run. >> right. ashley: concerns daily from china. is it the fed, is it the earnings, the lack of you know, optimistic guidance, what is it? >> i guess you could say d a little bit, all of the above. listen mike makes a great point, up 10,000 points in five years. up 30% last year. the notion that the market doesn't pull back or you have to panic every time it does is dangerous for individual investor and why most end up losing and not winning. having said that, peter pointed out to what i think is the challenge. the enthusiasm baton gone for a lot of people of being defensive position with easy money to the economy all is well. that jobs report was a dud, it was a big-time dud heard around the world. china this week, the pmi, manufacturing data went into contraction. that sparked emerging markets currency crisis. which by the way a lot of these countries have individual issues. turkey has political crisis,

argentina and so forth. there are a lot of question marks and the markets get nervous when there's question marks. >> there is common sense reality gut check and the gut check is the emerging markets. to peter's point the fed taper. that is the word that the fed taper will be hitting emerging markets. it feels like 2010. we're talking about china and currencies again and emerging markets. i wonder if we lose ashley to go over to egypt. ashley: don't even think it. tracy: no! >> emerging market and fed taper hitting emerging markets. this is such common sense. "the economist" magazine ran a great item last weekend. everybody should have taken a look at it because emerging markets are notoriously illiquid. watch this. egypt's entire market value for entire stock market in cairo is equal to the size of get this, we'll get it in a minute, burger king. india -- ashley: what? >> india equal to nestle. goldman sachs equal to indonesia. these emerging markets have been notoriously locked up and

illiquid. no reason to go there as a couch investor. you have to know what you're doing and know that the fed taper would hit them hard. tracy: but, peter, it took forever, for the taper to make it, i mean for this monetary policy to come down to main street. is it really going to hit these country that is hard? i mean, come on, it is not an on-off switch thing. >> you know the fed chairman bernanke has said that, you know, we don't set policy based on what is going on in emerging markets. >> there you go. >> all these flows have been in and out based on fundamentals of those different countries. but, you know the others are skeptical that the fed really may think that way. >> really amazing, goldman sachs's david cost ten got such blow back, people got a fit when he said he thinks markets are overvalued. he got a lost questions coming back. it is an earnings game of course right now in the markets and what are the projections? s&p up just 5% this year.

maybe the markets are weeding out the dogs of your portfolio you should have gotten rid of in december. ashley: michael, a stock-picker's market no doubt for the retail investor, the mom-and-pop investors, this is kind of scary territory which is why we're seeing a lot of money going into these safe havens. what advice do you have to the investor out there? >> well i mean if you're an equity investor and i buy that the fed can surgeally manuever themselves and growth story is go, go, go i think it is a little excessive on estimates i'm seeing but that is debatable. you should buy stocks and take a period like this to consolidate and buy the names you want to get into. we tend to, for equity investor that's a great. stocks are not overly priced. they're reasonable. but there is no we that prices outkicked their coverage so to speak and economic growth and top-line growth have to pick up and catch up if you will. we would also recommend in bonds to be shorter duration, high quality. and if rates continue to come down you can take a little bit

in terms of, duration risk there, maybe to clip coupons. but we would also recommend diversification in environment like this if you really don't know and don't have a comfortable strong gut one way or the other stay diversified. stay in stocks and bonds and asset like gold beaten down incredibly last year-and-a-half or so for the long-term investor. tracy: charles, over to you, traders are the most superstitious of the bunch. how january goes is the rest of the year. is this a self-fulfilling prophecy? if january is down and this will kill it and there goes the year. >> after three days into the year it was first down year since 2011. a lot of people have been afraid day one. i asked my subscribers go to 21% cash. we sold a lot of winners. sold one that is come back. you wait on this, see where it goes. technical levels, see if they hold, if they don't. start to buy great american companies on egg weakness. stick with the mantra, great companies. great company can have overpriced stock but at some

point it will catch up to the price or vice versa. tracy: good stuff, you guys. michael. ashley: charles payne, liz macdonald, peter barnes in d.c., thanks for hanging with us. ashley: goes quickly, doesn't it? just warming up and we have to go. oh to be a fly on the wall at this meeting. we'll tell you about the pope's visit with two-timing french president francois holland. tracy: oh, my god, that needs to be a miniseries. in "wine with me", there are auctions and great french wines. rare burgundy is is up for auction and you won't believe how much these bottles will be going for. ashley: more than i can afford. from wine to pot. eric holder wants to make it illegal for marijuana money to be held in banks. will the country go to pot. we'll have your tweets. ♪

if you've got copd like me... ...hey breathing's hard. know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. copd maintenance treatment spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if u have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. thesmay 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. tracy: attorney general holder wants to grant licensed marijuana businesses access to

banking services and credit. so will the country go to pot as a result? your tweets are at the bottom of the screen. rich edson is going to light us up with the details. hey, rich. >> very nice. very nice. tracy: too easy. >> yes. well, pot shops in colorado, they have got a problem common to those in the marijuana trade. they have too much cash and nowhere to deposit fearing federal drug laws, banks are reluctant to allow creditor debit transactions at pot stores or accept large cash deposits from businesses. attorney general eric holder says the federal government is working on giving banks legal cover to work with pot vendors. >> it is a, an attempt to deal with a reality that exists in these states. there's a public safety component to this. you know, huge amounts of cash, substantial amountings of cash just kind of lying around with no place for it to be appropriately deposited would something worry me from a law

enforcement perspective. >> treasury financial crimes business tells fox business that officials are discussing options for providing clarifying guidance to the banking industry though there are still concerns it may not go far enough to shield banks from prosecution. just got off the phone with folks in the banking industry. their take on this they're basically in a wait-and-see mode. banks are a little bit skiddish to take on this type of business because there are federal laws on the books that says this is illegal. this will play itself out. watching and waiting banks are, to see what federal government comes up with in writing. back to you. tracy: no puns, i promise. rich edson, have an awesome weekend. >> you too. ashley: rich doesn't buy it for a second. talking of which, tell you what is going to pot, the dow. told you. quarter past. tracy: too easy. ashley: too easy. time to check the markets. not a pretty picture. nicole petallides is pretty picture and on the floor of the new york stock exchange watching earnings winners, nicole. >> thank you, you are too kind. we're watching names bucking this trend on wall street.

let's take a look at both kimberly clark and proctor & gamble. kimberly clark came out with their numbers up 2.3% at 107.89 for kimberly clark. profit more than doubled. proctor & gamble which is up about a buck 62, worth more than 2% at 79.87. when you talk about proctor & gamble they had better-than-expected profit, consumer products did very well for them. skin care was a little bit weak. they also noted one thing, november, shaving products were weak because a lot of folks don't shave during the month of november to support their charities of choice. that being said you have two winners here as the dow is down about 250 points. so the two days together the dow yesterday and today, down about 430 points. we haven't seen that since last summer, for two days of trading. back to you. ashley: no, we haven't. nicole, thank you very much. blaming november is a bit of a

stretch. tracy: i have to agree but what do i know? i don't put a razor to my face. it's a babe of a watch. world series pocket watch owned by babe ruth up for auction. and ahead, look how pretty that is. got a little yankee sign on it, those listening on siriusxm. you will not believe how much the owner will pocket from this one. ashley: bad christmas shopping season. the grinch that stole starbuck's profits? starbucks brewing that story ahead. tracy: liz claman takes the controls next from davos, switzerland. we'll be right back. liz: as europe slowly grinds out of its economic slump the auto industry here is still kind of stuck in the mud but u.s. auto parts giant johnson controls is still managing to do gangbusters business. coming up, the ceo joining us from davos, switzerland. i ys say be thman with the plan

but with less ergy, moodiness, 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 treaent that can restore t vels to normal in about two weeks in most men. that can restore t vels to normal axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of pubertyn children or changes in body hair

or incased acne in women may occur. report these symptoms your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron.

cozy or cool? "meow" or "woof"? everything the way you want it ... until boom, it's bedtime! and your mattress a battleground of thwarted desire. enter the sleep number bed. designed to let couples sleep together in individualized comfort. he's a softy his sleep number setting is 35. you're the rock, at . and as your needs change er time you can adjust your bed to sleep better together. 48-month financing available through february 2 only at your local sleep mber store. find your sleep number setting and know better sleep.

♪ our time is short ♪ this is our fate ♪ i'm yours >> at 21 minutes past the hour i'm gregg jarrett with your fox news minute. at least 60 people are killed in a string of four bombings in cairo including a car blast that ripped through the egyptian capitol's main security headquarters. it was the most significant attack yet in a city at a time of mounting conflict between the military-backed government and those who oppose it. there are reports today of a new warning for american

athletes competing in the upcoming olympic games in sochi, russia. "the wall street journal" obtaining a state department memo urging olympians avoid wearing team usa gear outside of game's venues amid growing concern of potential terrorist plots on the events. not guilty plea from former virginia governor bob mcdonnell and his wife. the two were in court on federal corruption charges. he accused accepting thousands of dollars in gifts from a businessman in exchange for promotion of his company's product the. a trial date is set for july. those are your headlines. back to ashley. ashley: gregg jarrett, thank you so much. appreciate that. ♪ time to strap on the old skis and head to davos. europe is starting to pull itself out of recession, that is good news but the auto industry

is still stuck in reverse. in davos, liz claman tell us about a company making money not only in europe's car business but getting a jump-start in china. liz? liz: you can't get much more american than milwaukee-based johnson controls. it is a auto giant entrenching itself in china and all around the world for years. what are they doing now with the brand new chairman and ceo, slimming and trimming and growing the company. we have the chairman and ceo of johnson controls. this is your first davos. >> it is. liz: what is that like? >> they're telling me weather is a lot better. the event is unbelievable. liz: first not just for you but first for johnson controls. >> first for the company. liz: why did you decide after taking over the company in october, staking your claim in davos? >> my predecessor, one thing i don't do which you need to do is promote the brand. you need to get out. i enjoy it.

a lot of good people here. learned a lot today. liz: what did you learn today? >> i learned everybody is grappling with the same issues and i learned nobody agrees on the solutions but i see a lot of people wanting to solve big problems. what you can see is a can-do attitude. people recognize the problems. not like they don't recognize the problems. they're just tough to solve. liz: it is good business and comedy for "the daily show" and contrarian people to say davos is a joke because it is wealthy people who are trying to solve the world's poverty issues but do you see real value in corporate leaders like yourself turning your attention not away from your own businesses but at least towards problems where big business people can actually help? >> absolutely. today sitting with my competitors, sitting with my customers and suppliers and stakeholders all trying to solve the same problems. i don't really sense that people are trying to position their products or position their country. i think people are really trying to solve problems.

i wish everybody could see it, they would believe it. liz: are you worried most about, there is lot of talk about global poverty and global unemployment. what is your issue? >> for us if you look at our business and going forward the uncertaintiness in the world. that is a big topic and europe how long the malaise will hang in europe and what is the eu going to do. or the monetary crisis or if it is in china, do you believe they can turn to a consumption economy? africa made a big push here. what is the real opportunity and what are the risks there? the united states is changing dramatically. i see the complexion of the world changing dramatically. liz: you have big footprints in all kinds of countries. europe's auto industry is slumping but yet china probably looks a little better. you sold the auto electronics business to visteon. car seats. are you keeping keeping that bu?

>> that's our plan. that is the question i get asked all the time, am i getting out of automotive completely? you introduced me you said auto parts and industrial giant. hopefully one day you introduce me as industrial giant with an automotive business along with other businesses. i think we're overweighted in auto today. liz: what would you like to be more weighted in? >> well where we will invest in our buildings business and our energy storage business. there is lots of reasons for that. liz: what do you look for when you land in say china, again, i have met your people before at different events and they have said, we've been in china for more than a decade, a couple of decades really. what made you and your company, you've been there since the '80s, started as engineer, great american story here with alex, what made you look at that years ago to say we need to get in there with whatever leadership was running the company at that time? >> there was a division of john barth who was a ceo, couple ceos ago in the automotive

space. he built some incredible relationships with the japanese and chinese and those relationships stuck with today. we have over 40% market share in seating and we're partnering with our customers. we have you been believable relationships in china. liz: i was at ces, the connected car can you get part of that business? >> we have space in the interior which would change dramatic arely. something has to power all the devices. when you're in the vehicle pretty good chance you have johnson controls battery in there. liz: the battery business, that's where we want to finish up where do you see in five years? >> it will go into tremendous change. not change everyone wants to talk about, tesla. what impact that has on the world and what does that mean? i think evolution is happening more relevant. what you're sigh something electrification of vehicles. it will continue of the as it continues you will see more sophistication in the vehicle and it will require energy storage applications. liz: maybe next time we'll talk

to you we'll introduce you as industrial giant with a auto parts business. >> i would like that. liz: thank for joining us. are you going to milwaukee now? >> tomorrow morning. liz: thanks so much. we'll send it back to you in new york. ashley: liz, thank you very much. on "countdown to the closing bell" liz will interview bill gates for the only interview. that is 3:00 p.m. on fox business. don't miss liz and bill gates. tracy: breaking news for you. you have no mail. there is problem with google's popular g mail service. a bunch of us are trying to log on here, can't, myself included. there are reports from a whole bunch of people on twitter with the same problem. google says only some accounts are not available. it is only coming back for some folks. this is bummer for me, i get all emails from the schools in case they're closed. sorry i didn't know. checking on google's stock. we'll keep you up-to-date and

the to the minute on any gmail outage. ashley: it was playing up for me last night. it is ongoing thing. tracy: google's stock is down $27 right now. ashley: coming up in the next half hour of "markets now." apple was wrong, size does matter. ahead in tech minute, why the iphone maker is about to go for bigger screens. tracy: so-called experts were wrong again. sandra smith ahead on why gold prices are moving higher despite all the forecasts. ashley: france's embattled president meets with the pope. maybe not the best person for some relationship advice. you don't want to miss this. we'll be right back. tdd#: 1-888-852-2134 there e trading opportunities

tdd#: 1-888-852-2134 just waiting to be found. tdd#: 1-888-852-2134 at schwab, we're here to help tdd#: 1-888-852-2134 bring what inspires you

tdd#: 1-888-852-2134 out there... in here. tdd#: 1-888-852-2134 outhere, tdd#: 1-888-2-2134 there are stocks on the move. tdd#: 1-888-852-2134 in here, streetsmart edge has tdd#: 1-888-852-2134 chart pattern recognition tdd#: 1-888-852-2134 whicshows you which ones are bullish or bearish. tdd#: 1-888-852-2134 now, earn 300 commission-free online trades. tdd#: 1-888-852-2134 call 1-888-852-2134 tdd#: 1-888-852-2134 or go to schwab.cotrading to learn how. tdd#: 1-888-852-2134 our trading specialists can tdd#: 1-88852-2134 help you set up your platform. tdd#: 1-888-852-2134 because when your tools look the way you want tdd#: 1-888-852-2134 and work the way you think, you can trade atour best. tdd#: 1-888-852-2134 get it all with no trade minim. tdd#: 1-888-2-2134 and only $8.95 a trade. tdd#: 1-888-852-2134 open an account and earn 300 commission-free online trades. tdd#: 1-888-852-2134 call 1-888-852-2134 to learn more. tdd#: 1-888-852-2134 so you can take charge tdd#: 1-888-852-2134 of your trading.

>> 90 minutes until the close. time to check with nicole petallides on the stock exchange watching those forecasts stocks. nicole: the small caps, obviously selling off even more than the large caps so for example talk about the dow jones industrials down 1.5%, 2 key to points on the downside seems like a big move. how about the russell? the russell is down 2.5%. we have dow chemical, don't need to have that up there. i am telling you take what i am saying as the real deal, dow jones industrial average down 1.5%, the russell is down 2.5%. when we talk about year-to-date, the russell 2,000 is fairing better than the dow jones industrials so it is interesting to see the dichotomy today. tracy: what a come back for gold, slight gains today but

prices on track for the fifth weekly gain. equity prices complete the retreat so is it time to start rushing into gold? sandra smith has the latest. sandra: we saw the trading session close 1265, where we are seeing gold finish on the session. that is not a huge gain, only a couple bucks on the day we did reach two month highs earlier in the day, we hit a technical level analysts have been talking about, and it bounced off of that resistance level but higher on the session. here is the big story. for the week gold finishing higher, for the month, gold finishing higher, it is up five straight weeks ended i bring up a year to date chart here is the big story, already up 5% in 2014 just when wall street analysts were saying gold will keep going down, the average analyst price target for gold for 2014, $1,200 an ounce though they are not looking so good.

this would be reversing the 30%, worst year ever for gold the we saw last year but pouring cold water on the situation now is the head gold strategist at barclays saying we think gold will struggle to hold onto it current gains and selling into the rally in 2014 so keeping that in mind one way to look at this is the largest gold et x. there have been a huge inflows into gold, the physically backed exchange traded products, specifically the ets. this tracks the price of gold, you see the selloff over the past year but here is the year to date chart, a lot of attention, the biggest daily inflow last friday the market has seen in 19 weeks and that could take physical gold off the market and send the price of on its own. a lot of safe-haven buying today, weakness on the u.s. dollar, geopolitical concerns, the stock market saw what is leading to that rally, the gold

ets. back to you. tracy: thank you. ashley: time for your take a minute. bigger is better. apple launched a pair of i phones with larger display screens, wall street journal reporting the bigger phones are set for relief in the second half of the year. one version will have a 4 in screen and the other will be 5 inches. apple's largest screen is 4 inches, biggest screen popular in shy i know where apple is facing huge competition a from samsung. the last change came from apple in 2012 going from 3% to 4 inches. moving from the left to the right google courting republicans and building alliances with conservatives and moving away from its perceived democratic roots, the online search giant hired many republican operatives in an effort to build relationships with gop lawmakers, the company has even doubt campaign donations from its political

action committee. google joining tech companies like facebook and twitter that have been eager to head off regulation that could harm their businesses. facebook versus princeton round 2. yesterday we told you about a princeton university study saying facebook would lose 80% of its users by 2017. calling the study butter nonsense. facebook data, correlation is causation study and surmising princeton will lose all of its students by 2021. facebook pointing out princeton's google search is have been declining, something tells me this battle may be over but the war is just beginning. a big bottle of wine. tracy: i should not be allowed to hold this bottle. any idea how much this bottle is worth? wait for it. we will have the answer next.

ashley: how much would you pay for this 1923 world series championship pocket watch owned by the babe himself. the owners are hoping for a financial home run. we have that story next.

>> j. p. morgan -- jpmorgan

chase's board announcing a raise for its ceo, jamie dimon's total compensation for 2014 is $20 million. and $11.5 million following the london waled trading loss. in the sacramento kings, a new $448 million downtown arena, the project includes office towers, hotel and residential development and retail, this a year after the team nearly move to seattle before being boxed -- a yankee legend babe ruth making 23 world series championship pocket watches coming up for auction, expected to fetch $750,000 at auction next month. that is the latest from the fox business network giving you the power to prosper.

ashley: shares of texas industries are halted. nicole petallides following this story. nicole: watching texas instruments was halted, that is because texas industries halted and that is on talks now that martin marietta, martin marietta is a company that does sand, gravel, crushed rock and the like, maybe moving to try to acquire texas industries. texas industries just resumed now that the news has focused. you can see the stock was halted and now has resumed, it is update.5%, live on television with you, not standing at the post. and holding talks to about a sale to martin marietta. tech industries, we follow the story. as i said martin marietta, sand,

gravel, crushed rock, this is about construction, building miss cereals. ashley: it is trading, thank you so much. tracy: getting ready to kick off the new york auctions with a once in a generation sale. the first time ever you can bet on 1900 models of rare french burgundy, direct from the seller's. it spans 5 decades and estimated to garner $650,000. jamie richie, so why do they decide now to auction this line? >> the interesting demand for burgundy worldwide in north america and latin america and asia, an opportunity for them to sort of reward the people who want to taste these wines, the older binges lying in their cellars, can't go to burgundy to do that. tracy: it has legitimate begin selling in cellars all those

years and some go back as far -- >> 1961. ashley: they never touch them. >> burgundy produces small quantities of wine, rare for them to have any quantities so this is real ones in a generation. tracy: burgundy, northern france, a lot of it beat the reds. >> the reds are pretty much chardonnay. tracy: the burgundy -- >> there is a movement worldwide toward less extracted, more elegant -- in the wind. tracy: away from the big cats and cat lovers will deny that. >> there's a general movement. tracy: let's talk about the auction market. it has taken over $40 million in sales on the internet last year.

>> they are growing another channel of trading wine and that is growing, the auction business is pretty consistent. we are seeing demand for wine at the mature side. the market for younger wine is flat. tracy: the market for the collector is interesting to me because is their liquidity in it? if i do need the money and need to sell these wines can i do that quickly? >> it only takes between week and three months. the market is liquid but obviously they go up and down. if you for younger wines, they need a longer time. tracy: talk about what you are auctioning. >> the two on the right, there is the 2009 magnum, $1,500 a magnum and -- tracy: you think that will go

for 6,000? >> the one which will -- around a sixth house to 8,000 obama, 6 liter which is 50 to $70,000. tracy: you will sell all of this and tell us about it? >> i would love to. tracy: i apologize we have breaking news. good luck with all that. i will take the leftovers. ashley: quarter till, time for stocks as we do every 15 minutes let's head to the stock exchange, a great day, we always have a great day, and obviously down big time but utilities, consumer staples seeing gains. it is all about defensive positions? >> always something to do no matter what the environment, it is an ugly day and been a pretty ugly month and there is a lot of 2020 hindsight in terms of why

this is happening but the fact is down 250, anyone says it doesn't isn't telling the truth. we are a little spoiled. money will tend to gravitate to the bonds, and consumer staples, money always move somewhere and if it takes risk off the table and keep money working you move to the more stable areas and utilities clearly would be one of them. ashley: how much earnings playing into this? we have always to go. our earnings and guidance we are hearing a part of the sell-off? >> guidance is trifecta. and it depends on who is delivering the message, the guidance is important because the stock market as an indicator is a forward-looking indicator and guidance is a

forward-looking indicator so you can beat on two and if you miss on guidance that is a problem but i would say on balance the earnings have been pretty good if not very good. we had some really terrific earnings, high-profile companies. we just seem to be on the other side of the risk mountain on a moment and it is risk off and doesn't matter what you do or how you'd do it. they want to take money off the table. ashley: thanks so much. >> my pleasure, thank you. tracy: cnn's justin bieber debacle, actually spending time to air a special on this wacky 19-year-old. ashley: details of the meeting with embattled french president francois hollande. should be interesting next. ♪ ♪

♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. 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 dmore. dell is honored to be part of some of the world's great stories. that began much the same way ours did in a little dorm room -- 2713. ♪ this magic moment ♪

ashley: breaking news, first on fox business, plans to prioritize cybersecurity in selecting government contract bids. rich edson joining us from d.c.. rich: the government is looking at cybersecurity attributes when they select whether to give the company government contracts. these are rules president obama had through an executive order put into effect year-ago. recommendations are finalized between the dod and general service administration. they are prioritizing how secure when it comes to internet security, internet security, how securities companies are, things like requirement to purchase the original equipment from trusted manufacturers, things like that will be much greater stress portion whether a company gets a

bit. ashley: thanks so much with the latest on cybersecurity. tracy: your have been pondering this all day, is justin bieber the next lindsay lohan, if that were the case is this really news? dennis kneale is looking into the cnn justin bieber debacle? >> 19-year-old man child exit the neighbor's house, then driving 16 miles per hour and that is enough to pump prime-time special tonight on the no. 3 cable news network cnn, justin bieber's wild ride airs at 10:00 eastern, part of a feeding frenzy by all media on the idea that he may be the next lindsay lohan or britney spears and seeing that as the bad thing and even here at fox business we will run every breaking headline we see bad for cnn putting on prime time underscore is how far will go in trying to stand out in a crowded news space or some

might say it shows how far cnn has fallen as he was delighted ideologically and the flight from the middle of the road but somewhat liberal approach, cnn owned by time warner, once it was this dodgy standard bearer of hard news, defended the cable news category but the first cable news network is doing a reality show in prime time, parts unknown, hosted by a superstar chef, cnn also has parts unknown and friday night sports called unguarded and in the reality sean obama loyalist rahm emanuel and chicago politics and now is this. will turn into a weekly series. the push to the new chief jeffrey zucker, my former boss's boss's boss at nbc universal at the top of cnn for a full year now and the network its lowest numbers in 20 months for the key in his target viewers ages 25 haugen 54, to try new ideas.

tracy: dennis kneale. ashley: you are not going to tune in. tracy: we were going to go to war with syria over miley cyrus's torquing thing and she got more hits than syria did so this is the news people are talking about. tracy: ashley: what a sad statement that is. thank you very much. here is another scandalous to a. talk about strange bedfellows, the pope meeting with scandal-ridden french president francois hollande amid tensions over alleged affair with an actress. in brief remarks to reporters afterwards, no big surprise, french media reporting the deposed first girlfriend went on a rampage smashing of $3 million worth of national treasures. bring back --

tracy: so much more class than all the girlfriends. fifth ashley: relatively scandal 40. tracy: went around and broke stuff. ashley: see you later, crash, not good. coming up on "countdown to the closing bell" for, maybe there will be a cnn special for on it, more and liz claman, final days in davos, switzerland, into the and one of the most:drop the guys on the planet. and stay with fox business. [ male announcer ] e new new york is open.

open to innovation. open to ambition. open to boldids. that's why n york haa new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com.

cozy or cool? "meow" or "woof"? everything the way you want it ... until boom, it's bedtime! and your mattress a battleground of thwarted desire. enter the sleep number bed. designed to let couples sleep together in individualized comfort. he's a softy his sleep number setting is 35. you're the rock, at . and as your needs change er time you can adjust your bed to sleep better together. 48-month financing available through february 2 only at your local sleep mber store. find your sleep number setting and know better sleep. tracy: flurries have begun to fall in davos, switzerland on day 3 of the world economic forum. i am liz claman. a few bursts of optimism in davos coming from microsoft co-founder bill gates. by 2035, there will be almost no

pour countries. he is going to be sticking with us about what we need to do to really make that reality involving global health, improving it and perhaps what business's role really is. coming up this our, global chairman and ceo of accounting ernst and young, mark weinberger giving you what he thinks the best opportunities around the world for investing. let me tell you something, it is the world according to davos, see you in a bit. cheryl: in new york global jitters about emerging markets rattling investor nerves. what will it take to get wall street out of this? we have the answer. "countdown to the closing bell" starts now. cheryl: i am cheryl casone in for liz claman. the last hour of trading and we are work