♪ imus in the morning ♪ >> it's a selloff. when to when does it stop and when do you buy? good morning, everyone, we haven't seen a start to the year like this in decades. do not expect a big bounce back when we start the day. 60 or 70 points. the question is, jump in now, is there more selling to come? watch the action unfold here. to politics, the president says he's not a big welfare guy and he won't commit to the pipeline. we will give you the facts. tt technology, facebook ten years old today, it's worth 160

billion and employs only 6,000 people. tech leads in wealth creation, not job creation. to the weather, getting worse for some of us and yes, it's now hurting the economy. "varney & company" is about to begin. welcome back. how is everything? there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. mae a promotion is in order. ood news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] how did edward jones become one of the biggest financial services companies in the country? hey. yours? not anymore. come on in. [ male announcer ] by meeting you more tn halfway. it's how edward jones makes sense of investing. come on in. [ male announcer ] by meeting can you start tomorrow?

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>> let me tell you, this is the winter that will not quit. the east coast digging out of yesterday's storm and a foot of snow in some areas. wait for it, there's another one on the way. it's currently bringing rain and snow to the midwest and it will strike the eastern seaboard overnight tonight, i should say. and this could dump another foot of snow on the area and again, wait for it, another major snowstorm is on tap for this weekend. make no mistake, everyone, this weather is having an impact on the economy. auto sales falling in the month of january, manufacturing is slowing, there may be another weak jobs report on friday.

the weather and the slowing economy, they are linked. so once again, the weather is making financial headlines today. well, time is money so let me tell you about the big moneymakers of 2013. this is what happens when stocks go up 30% one year. that man, facebook's mark zuckerberg, his net worth increased and total net with worth now $23 billion. next one another tech ceo. amazon's jeff bez sos, 33.9 billion at the end of the year and then there's warren buffett, his stock in berkshire hathaway worth an extra 12.7 billion last year. his grand total, wait for it. $60 billion. big money last year when the socket goes up. now, the dow industrials are many coming off a 325 point drop yesterday. i've got two questions for today's trading. is it time to buy or will things

just get worse and layoff for a bit? well, the dow is going to open, 50, 60, maybe 70 points higher. watch the progress and see how you answer those questions in one minute. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-secondtats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ from td ameritrade. ♪

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♪ >> i regret to say i can't hear the lyrics on this one. probably a good thing. i'm telling you the market opens in a couple of minutes and it's going to be a very big day and some questions that will have to be answered. should you buy now, buy a few bargains or is there worse to come and layoff for a bit? we'll have answers for you. let's bring in scott shellady, shall we? he's in chicago and he's going to answer this question. scott, i don't want you to answer this for investors -- for traders like you guys. i want you to answer the question for investors. is it time to buy now, get in now for the bargains or do you think there's worse still to come? go. >> i think there's worse still to come and as these traders behind me tell you, be careful about trying to catch a falling knife. a taper would be negative stock and now, we're also starting to have some folks start to talk about this, we're tapering because we're getting rid of a

bad economic policy that just hasn't helped the economy. and either one of those scenarios, it's probably not good for equities. we're going to need to see better news and friday would be a great start, but it's the start looking better as far as economic indicators go before you want to pile into this market. stuart: so don't catch, don't try to catch a falling knife. that's the bit of the answer i caught there. the bell has rung and they're starring to trade. up 10. and i'm going to pose the question to shah gilani joining us from warm miami. shop for the bargains or wait for what's to come. >> a no and a yes answer. and the shadow banking issue in china is something that investors have to be worried about. there's no containment of those two problems, i think we could see some global contagion and

that with certainly disrupt markets. in the longer term i think it's a buying opportunity. i think we have further down to go, but i think it's going to be a tremendous opportunity to buy here. again, the united states is still the cleanest dirty shirt in the laundry and no place for us to go up up. stuart: not yet, shah? don't jump in yet, is that what you're saying? >> i say keep an eye on the short-term and see how things are going. there's no reason to jump in now. the market is not going to turn around and reverse and make new highs in a couple of days. stuart: a couple of days. okay. dow industrials in the very early going on this very important day coming off a 300 point loss. we're up 35 right at the opening bell. 15-4 is where we are. michael kors, a charles payne pick, it's up this morning big time. what's going on? >> a blow yout quarter. hits a new high today and they saw soaring demands here at home and in europe. the ceo, obviously, out there

saying that they had an outstanding holiday season and the global brand awareness continues to drive strong demands. the stock did so well and in north america, same-store sales in europe, the revenue more than doubled and they saw same-store sales jumping 73%. great move there. >> nicole, i'm sorry, i'm smiling because we've got a special guest coming up shortly. can't reveal the identity of that spanish guest, but she's making me smile. >> and waiting. stuart: hold on, happy birthday facebook, turns ten today. there's no impact on the stock, but nicole tell me where the shares are. >> and the big deal is on facebook. up 118% in the last year or so. it's up 2% today. 62.60. the annual high is 63, and there were a lot of of naysayers, when it was below 20 bucks mark zuckerberg said don't worry, hang in there and they've stuck

it out. stuart: now he's worth $23 billion a little lower than his age, i believe. the dow industrials are going up 57 points. not much of a bounce. and look at the 10-year treasury yield. come back in, shah gilani. i thought the interest rates were going up, but now the opposite, the rates are going down. does that mean the economy is in trouble? >> i don't think so, stuart, the numbers we're seeing on the economy are not frightening. we're not certainly growing at a rapid clip, but the yield on the 10-year slipping as it has and the rally in pricing is a result of the short-term look in terms of the international market and in teems of emerging market and time. i think it's a flight to quality trade and expected given this time globally. stuart: really fast, shah, satya nadella, an insider at microsoft

named the ceo. i think the stock is up a little on that news. what do you make of it? >> i'm dying for someone great to come in. i don't know his background and i have to take a hard look at him. i'm excited about microsoft in the future and i think with the right management i think the stock is a double. and already do own it and it's a good time to buy it. stuart: thanks, shah. three more big names that you know, i'll start with apple. quietly it's been making major investments in network equipment. that could signal a bigger move into television. the stocks at 505. don't forget amazon, it's down, down 13%. this calendar year, that's not much of a bounceback. it's up a buck at 347 now. rememb -- 3.47 now. and remember the barges? the state might make them move one of them, we're pointing google because it's been so much in the news. it's up today. j.c. penney gives an update on its sales performance. investors like it.

what's the stock doing, nicole? >> well, at least we're getting some clarity now on the j.c. penney numbers. stock is up almost 2% at 5.78 a share. you may remember they were talking about their holiday season and the company was pleased with their holiday season however, they didn't reveal nigh numbers and led everybody to say what happened? turns out the same-store sales holiday sales did go up. good job for j.c. penney. by the way, i still have that smile on my face because right now we are joined by someone who you are sure to know. she is the newest member of fox business team. ladies and gentlemen, making her first appearance on this network, this is maria bartiromo. welcome. >> hi there stuart. hi everybody, great to be with you, thanks so much. stuart: what took you so long? >> that's the question. wow, well, i'm happy to be here. everyone has been wonderful. thank you. stuart: let's hit the ground running. shall we?

you've got more experience in covering the market than i have. so what do you make of that market? you want to answer the question? >> yes. stuart: should you jump in now for the bargains or wait because there's more to come. >> that's the question you've been asking all of your guests. i'm one to believe you do not want to time this market. if you see an opportunity, and you see a market that looks that it has good stocks, that companies that are making money an enormous amount of cash on the balance sheet, you have to look at the market over the long-term and that's important because big selloff like we're seeing right now, enable opportunity, enable new people to come in. we may very well be seeing things begin to bottom out here, feels like a washout. stuart: we doesn't look to the tradeout so much. we don't look to the guy who is going to buy it now and sell in ten minutes. we're looking to the investor who ii going to hold this and it goes up over a long period of time. when you and i started out, it wasn't too long ago. >> cnn business news. stuart: yeah. >> a long time ago in the

morning. i'm not going to say how many years ago, i remember working alongside you in the morning, you and debby. stuart: that's right. >> just saying. stuart: we're not saying how long ago it was. >> i was at cnbc for 20 years and people can figure it out. stuart: they can do the math. back in those days when you and i started out we were always talking about general motors and alcoa, we don't do that any longer. we talk about amazon, we're talking about facebook, about twitter, apple, all of the -- i think that the u.s. economy has almost completely shifted, changed totally in the years since you and i started out those years ago. >> it absolutely has, stuart. everyone is looking for growth. where is the growth. and that's why we've seen such a strong one in technology. i would argue the strength that we saw at the end of the year and 2013 in tech was justified. it was very different than you saw in the 1990's where you had, you know, dot-comes rising so much in market value and even though they didn't have revenue growth and they didn't,

certainly didn't have earnings behind them. you know, this selloff that we've been seeing these last couple of weeks this year, so far in 2014, i would say, you have to expect it. i mean, we're coming off of a phenomenal year for stocks in 2013. you have a slowdown happening across the emerging markets. with the exception probably of mexico, mexico is seeing an enormous amount of money flows, but brazil, china, now, this was the talk of the town in davos that the emerging markets are clearly slowing. add to that the fed has begun tapering. we're down to 65 billion a month in terms of the fed. you made a great point that interest rates are still low, three-month lows i believe you just said. that does not offer any competition for equities. at the end of the day if you're a long-term thinker, a long-term investor you have to be in equities. so, and i suspect this is going to be another opportunity for people to come on, you've got the buy on the dippers going to see their opportunity come into this market, don't forget most portfolio managers today are sitting on 30% in cash.

there's a lot of wiggle room, a lot of opportunity for that money to find a home in stocks. stuart: put the camera on me for a second. ain't she good? . [laughter] in all the years you and i have been doing business news, is there a single top-notch business leader who you have not interviewed? >> well. stuart: you weren't expecting that. >> how about janet yellen? i'm calling you. stuart: anybody else? >> stuart, it's such a tough question. stuart: i've watched you i'm not going to say how many years, i've watched you, i can't think of anybody you haven't interviewed apart from janet yellen. >> i feel like i'm usually going for the person of the moment, the get of the moment and i think that probably right now is mark zuckerberg. so, that's-- >> good luck, bring it on. >> you've had the calls already. stuart: that's great. maria, welcome to fox business. >> thank you. stuart: great to have you with us. >> thank you so much. stuart: good luck now. and check the big board, where

we were up 50 or 60 now we're up a mere 30. back with more on the markets in just one minute. [ park sounds, sound of spray paint ] ♪ we asked people a question, how much money do you think you'll need when you retire? $500,000. maybe half-million. say a million dollars. [ dan ] then we gave each person a ribbon to show how ma years that amount might last. ♪ i was tryingo like pull it a littlfurther. you know, i was trying to stretch it a little bit more. [ woman ] got me to 70 years old. i'm going to have to rethink this thing. [ man ] i looked around t everybody else and i was like, "are you kidding me?" [ dan ] it's just human nature to focus on the here and now. so it's hard to imagine h much we'll need for a retiment that could last 30 years or more. o maybe we need to approach things differently, if we want to be ready for a longer retirement. ♪

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>> the bounce has gone, officially gone. we're now on the down side for the dow. we were up 40, 50, 60 points in the early going and now we're down 1. in this market environment what's gold doing? hanging right around 1,250 bucks an ounce. strong forecast from-- for yum! brands. that's the parent of k.f.c. does a lot of of business in china and that strong forecast puts them up 8%, that's a big gain. let's move on to pfizer's experimental breast cancer drug. it was in a trial. dr. marc siegel is here for more on an important story. what does this new drug do?

>> it's a big deal. it's called targeted therapy, which we've known about for a while. here is how it works. it combines two drugs. on breast cancers that are estrogen dependent. that's 60% of them, they grow wildly, usually, and this drug uses an estrogen receptor blocker, plus something that stops the growth of the cancer cell. it's got a very fancy named called palvoakc lchlid. here is the headline. progression-free survival. women who took this drug didn't see breast cancer progress for 28 months, for two years, usually it's less than one year. it more than doubled the amount of survival without that cancer growing, big deal. stuart: so take this drug and the length of time in which the cancer's progress is arrested goes to 28 months, other drugs have arrested the progress of cancer for a year.

>> less, less than a year. stuart: this one extends way out there. does it reverse the cancer or just stop it? >> so far it looks like it just stops t they haven't tested it on the point you're making, does it reverse it. my bets are it just stops fwu that's a big deal when you're trying to treat breast cancer, trying to remove it and prevent it from spreading. they have to study it in early diagnosis and they still have to study it in late diagnosis. women that have it spread to the bones, liver or brain. you want to see how it will work there. i think it's extremely promising. this is a big drug and it's being fast-tracked. stuart: thanks, doctor. one more story for you. i'm told that the fda has approved a bill that you can swallow that-- so you don't have to have a colonoscopy. it goes down inside you and looks around and tells the doctor what it's seeing from inside you. is this accurate? >> it's called pill-cam, as opposed to the first story, this one is going to be a big business story. it's not as big medical story. here is why, they've never been

able to perfect this technology so it sees clearly in the colon. it's for people who says i ain't going near that scope. stuart varney, i don't want that prep, i'm not doing that. those people should be warned, get the colonoscopy, it's the greatest thing we have going. one day of misery and we don't have any other ability to look so closely at tissue. i'm pro colonoscopy, but for those who can't have it or won't have it. stuart: a swallow the pill that looks from inside is not as goods a the colonoscopy, the full monty so to speak? >> not yet. down the road it could be as good. when the visualization is as good, "star trek" in the future, we won't have colonoscopy. right now for those who can't have them or won't have them, it's a good alternative. a big business item. stuart: i didn't read the script

properly, what's the name of the company. >> given g-i-v-e-n from israel, i believe it's about to be bought over, but it's from israel. stuart: it's a development in the right direction ultimately to get rid of colonoscopies? >> it will have sales because a lot of people won't want the scope. i'm not one of them i believe in them. the salmon alone won't do it. stuart: you've got me. dr., that's two good stories and good news on both. >> absolutely. stuart: thank you, appreciate it. the head of the irs says it's time to start paying bonuses, saying it will boost morale for thousands of employees. you're talking millions of employees, you don't want to do this now, do you? . ♪ it's a shame the way you hurt me ♪ ♪ it's a shame the way you mess around ♪

>> we came in this morning asking two questions, is it time to buy? or stay on the sidelines because the market might go down more? where are we now? pretty much flat. a 21 point gain. not much buying, not much selling. 21 up 15,394.

my take next hour, a little different for you today. i am going to pay tribute to the people who put this show be on the air. that will be at 10:25 this morning. then we have irs commissioner announcing that the irs will pay bonuses this year, they weren't paid last year, but they will this year and he says that's going it to boost morale. liz macdonald is here and can barely contain herself. go. >> you know, senator orrin hatch is saying this is outrageous and he's saying, he understands that not every irs worker was involved in the targeting scandal, but he says this sends the wrong signal to the american people to be paying the irs bonuses when we have not gotten to the bottom of what happened between the white house and discussions with the general counsel of the irs called 80 times in testimony before congress and the irs commissioner doug shulman who visited with the president in the white house. >> the president says there's not a smidgen of corruption within the irs, he said that in

the interview with bill o'reilly, not a smidgen. i'm going to be -- i'm going to say i think they got away with it. i think that the machinery of government was used to intimidate the president's political opponents. and i think they've gotten away with it. >> and also to put a moat around the white house, it it seems, appears that way. the only way to get to the bottom of this is with a special prosecutor. if janet reno can call a special prosecutor to look into whitewater or a special prosecutor to look into hamilton alleged drug use in the carter administration, this is calling in credibility of the tax system of the united states, we're running up to a rough filing season right now. so political manipulation is taboo and it's taboo since the irs was started. stuart: they should not do anything like that, this is the united states of america, but who had the authority to bring in a special prosecutor? who's got that authority? >> congress? >> it would be eric holder to

call it as janet reno called for a special prosecutor to look into whitehitewater. stuart: what are the odds? >> probably slim to none. stuart: exactly, they got away with it. liz, that's my editorial there, not yours. i'm allowed to do that. president obama says the welfare state has not grown under him. what? new at 10:00 the numbers that show otherwise. the pill you take so you don't have to remember your passwords anymore? our tech guy loves it. would you take it? all of that, charles payne and more, he joins us for a fresh hour of varney next. life's an adventure when you're with her.

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stuart: is there more selling to come or should you snap up the bargains right now? that is an investors. charles payne is here. jampacked with opinion. we have the targa data breach. who is responsible? the banks or the retailers? the president and bill o'reilly. i town seizes a church to build a stadium. the judge it here. we will bring you the pill that keeps your passwords and

surveillance systems that follow you around the store to see what piques your interest. the second hour of varney & company begins now. ♪ check out the big board. i suppose you could call this a very modest bounce back. we are up 57 points. charles payne is here. here are the questions of the day. time to jump in now and stop up the bargains. charles: if you had 12 grand, you ship for grand to work. stuart: you are actually happy to see thiselloff. charles: i am happy that we are getting a pullback.

>> why not wait until after the jobs report. charles: a lot of people think that they will be precise. let's say today canadian solar is $37. >> it is hard to time the market. charles: it really is. that is what my job is. we always say buy on weakness. people do not do it. they always wait. it is okay to be a little early. stuart: stock of the morning. michael kors. if you listen to charles payne on this program, you would own michael kors, the stock that is. charles: michael kors is a story

about america having $15.7 trillion economy. even when our economy is flat, there will be winners and losers. we saw it with under armour. i would hang in there. margin has also increased. >> did you call him a lad? stuart: i did. to nicole. yum brands says profit will jump this year. what is the stock doing? nicole: the stock is up 9.5%. most of the rest are --

restaurants are broad. stuart: let me bring this to our viewers. we just got numbers on factory orders. that is another signal of what may be a slowing economy. slightly negative numbers on manufacturing. we are getting another job to report this friday. maybe that will be affected by the weather. you put it all together in rehab new signals that the economy is slowing a little. welfare has not expanded. we have not massively expanded the welfare state. that is what he said. >> it is not that different than they were 40-50 years ago.

stuart: now i have some facts for you. it has increased by 20%. the number of people receiving food stamps, that has gone up a whopping 49%. why do you think that president obama goes out there in a huge widely watched interview and says, i did not increase the welfare state. why did he do that? >> it is perplexing to me. to continue to perpetuate his fairytale administration that he actually has america on the right foot again, that people are working again, he had to spend this absolute lie.

today it is one out of six. i do not even know why he agreed to this interview. stuart: i disagree slightly. i think the president knows that this extension of welfare is basically unpopular. very unpopular. i think he is trying to run away from the welfare state that he has created. i think he knows that it is bad politics. that is my opinion. in that found soundbite that people are willing to work very hard.

you do not have to be willing to work hard to get food stamps. >> i will agree to you. he wants americans to come out and vote for more free stuff. his policies are not creating jobs. that is the key here. he knows he has a captive audience of democrat voters. stuart: i want you to listen to this quickly. said about the tough questions that bill o'reilly was asking him. >> do you think i am unfair to you? >> of course you are. >> you cannot make that accusation without telling me. the list of issues that you talk

about -- they are defined by you got in a certain way. this is okay. >> the president has gotten so used to the mainstream media propping up everything he says and does that he does not even know journalism is about news outlets. the president was indignant that fox news and bill o'reilly asked him the tough questions about the american people want answers to. again, i want to remind the president that he has to be held accountable. >> thank you for being with us today. i have breaking news for you. they said obama could well cost the economy and worker hours. the equivalent of 2.3 million.

>> that is the estimate by the year 2021. we have been reporting on your show for some time now. stuart: that is a bombshell. targets chief financial officer, his name is john mulligan. he will testify very shortly this morning. i want to know who is going to be held accountable for all of this. is it the banks, is it the retailer. let's ask alex mcgeorge.

that is an important question. who will be held accountable. who is responsible for this. >> i think target needs to be held accountable for this. it was their customers that are now at risk. i do not think that the blame or accountability should stop there. the vendor is somehow culpable for this. they had their credentials stolen which enabled the breach to begin with. i think it also has a little bit of culpability here as well. it needs to be with target. stuart: when i am in europe, i see credit cards over there. have a little microchip in them. that is modern technology.

do you think that this hearing today and others that are sure to come in the future will push american reddit card issuers towards the little chip on the back of the card just like europe? >> he gave a list of recommendations to the committee. i was a little dismayed that none of them included the chip and pin. i think we need to hold the industry accountable to make this happen.

stuart: i think that this issue is ongoing. a ruling by a florida judge says the town tenancies private property to build a stadium. all rise. our judge is next on that. ♪ ♪ [ male announcer ] this m has an accomplished research and analytical group at his disposal. ♪ but even more pressive is how he puts it to work for his clients. ♪

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stuart: we have had a tough time on the market recently. charles payne says do not worry. i can make you money. charles: i had a hard did. it is volatile. it is the security. the chips in the credit cards are one thing. ultimately, the systems have to be more robust. that is what these guys do.

this is one of the names i would jump on. i think it will be a grand slam. stuart: if they can make it more secure, they are onto a winner. a florida court has ruled that city of orlando at the right to seize private property. all rise, judge napolitano is here.

>> i have ever seen the case primarily because the use of the property is specifically protected. you have the government right to condemn property. i am surprised that the case with the way that it went. there were offered 1.5b in dollars. they want 35 million. the real estate plus the cost to rebuild the church is worth

35 million. this will have a catastrophic effect on the church. the government requires title. this will be a soccer stadium. when tte government condemns property, it gets it right away. most cases where a jury decides what the fair market is takes place after. >> it seems to me very un-american. really, the constitution spells it out. >> in great britain, kings claimed the right to take property without paying for it. the government can take

property, but it must take their market ballet. the constitution takes a middle ground. it does not have to be voluntary. it has run amok. i think there were 20 countries that came ahead of us with respected properties. government entities are taking property not for public use. this stadium. it will be owned by some indices that will pay taxes to the city of orlando. it is a church. it is tax exempt.

stuart: you could seizz it. you could transfer to somebody else's private ownership. >> yes. >> it is not in the constitution. stuart: it will not be changed anytime soon. >> i think that this is an awful decision. stuart: if passed by majority. the concept of destroying a church in order to -- it maybe economically wise, but it is not

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stuart: microsoft names and insider. the new ceo. i do own the stock. they make the popular and theft auto video game. down it goes. 11%. they call it retail surveillance. technology that could help ricks and mortar stores. tell you all about it coming up new at ten. plus, the pill that remembers your passwords. would you swallow this thing every couple of days to remember your password? something different today. i will tell you about the people

that put this show on the air. here is my take. 6:50 a.m. eastern time. that is early. that is when we holddour production meeting. that is when we lay out the structure of the show. you cannot delay. you have to be wide awake. think about that. today, some of our people had to shovel away a half foot of snow at 330 in the morning. there were all here on time. they are all young. twenty and 30 somethings. our meetings are noisy. they are intense. everybody speaks up loudly.

put it all together in the end the real world begins at 920. they have to juggle guest. when the show is done, they plan the neck on. everyone is on the e-mail loop until 8:00 o'clock at night. then we go to sleep. i am simply saying that fox business attracts young, dynamic people who respond well to opportunity. i think that is true of a young america in general. they do not need to be given something. you do that with economic growth. i wish the left could see that young people at our meeting every morning. they could learn something. if they could wake up and get

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take in the big picture with it. see your finances in a whole n way with it. this is your business on the all-new quickbooks. run with it. stuart: look at this. not exactly a bounce back after a 1000-point loss. here is the ten year treasury yield. that is interesting. close to a three-month low.

the federal reserve says we will print less money. >> it is really baffling. we were supposed to have the great rotation. get out of bonds, give two stocks. maybe it is something of a fear gauge. it goes completely against conventional stem. stuart: the economy is weak and getting weaker. right now we are supposed to be well over 3%. i wish we could figure this thing out. california is considering raising the minimum wage to $13 an hour by 2013. lawmakers they are responding to

president obama's state of the union address. charles, your thoughts of $13 an hour. charles: urging businesses to give raises. we cannot do it. we do not have the money. burger king cannot afford it. we do not have a minimum wage crisis in america. you want to make us better, let's talk about maximum wage, mr. president. they will just dig themselves deeper. stuart: i have a tax rate through that you probably have not heard about yet. motorola. a small pill. once you swallow it, it transmit a signal that unlocks all of

your electronic devices. that makes you the pill swallower a human password. fox news.com editor is here with more. when you have taken the pill and you have passed the pill, it passes through. then what? >> water has an affect on electronics. in theory -- [laughter] now we will have to get a safeguard for our toilets. how do we get the nsa of our toilet? [laughter] stuart: you would have to take another one.

>> you like this? four months i have been asking for the password. you know what, of course it was. we all do this. this was completely solving that problem. i am not saying i want to start swallowing pills every day -- but that is some great innovation. stuart: belly up to my computer. bingo. it hears the signal. that is really ridiculous. you think that would catch on? >> i do not think it will catch on. google recently sold off the division.

these are some of the brains that google holds onto. stuart: any comment charles? >> i guess it is moving in the right direction. charles: i preferred the lotion. stuart: you have to program the pill with all of these different passwords. otherwise you are really up the creek, so to speak. i have to move on. a german company developing a company that can only be fired if you are wearing a special watch. anybody steals the gun, they will have to have the watch to make the gun fire. >> i think that this is a very good idea.

they mainly focus on biometrics. technology has been around for over a decade at this point. i think people are concerned by it. that kind of thing is a limiter. stuart: i think this is part of a broader trend towards gun safety. stuart: i'd say like all that these ideas. thank you very much. good stuff. it is called retail surveillance. good way for stores to track

shoppers. helping bricks and mortar in their battle with online shopping. the dow is up 66. ♪

♪ stuart: let's take a look at microsoft. the waiting is over. not much reaction. microsoft is up four cents. happy birthday facebook. it turns ten today. look at pfizer. their experimental breast-cancer drug succeeded in what is called the mid- stage trial. michael kors, strong profit raising their forecasts for the year. look at it go. 18% higher for michael kors. apple making major investments in companies. google's mysterious barges. not having the proper permits. it is up 14 points.

♪

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 forwarwith broader possibilities. cme group: how the world advances. stuart: jcpenney hitting a new low. nicole: during the holiday. rose about 2%. it just was not good enough. now the stock has moved lower 2.5%. so much so that it hit a new low.

they have liquidity of $2 billion. they cut their target to three dollars. stuart: if we put it on deathwatch, that thing would bounce. thank you very much, indeed. charles likes companies that have a good ceo. he has a ceo play today. he says he will make us some money with united rentals. you probably went by one of their rental machines somewhere. we had a construction and route yesterday that wesley very good. it got lost in the shuffle. as the economy comes back and we see more building, you will not see people buying big cranes,

they will lease them. they will rent them. stock has had a huge run. i think this weakness is a great time to buy. stuart: if the economy is as weak as some suggest, that plays against united rental. charles: part of our construction that we have not done for years, i think that there is some serious opportunities there. housing is coming back. i think it will be huge. this is a 401(k) idea. stuart: united rentals it is. we talk a lot about works and mortar stores on the duck line. online shopping, that is on the rise. joining us now is three br ceo.

as i understand it, you have a product that allows video cameras, a surveillance system to follow shoppers around the store to see what they are looking at. >> we do use a video system. we actually use the video system to extract all kinds of information from that video. we are interested in what they buy. we can determine their gender. we can give shoppers and provide shopping information to retailers in great detail. stuart: i walk into a store and i spent some time looking at two or three items.

i think it will change the overall experience. i think it is just the beginning of a new revolution. see to it is all about innormation. that is exactly the way we look at it. a video is just a source of

information. we extracted. we correlate with other information. stuart: is your system just another prevention? >> we can take the same set of cameras, the same platform and add additional software to it. to ever get that this is just big brother thrown at you all we are doing is categorizing.

you could have someone in the store do exactly what we do. they can kind of guess what their age is. they can go to point of sale at the end of the day. they can reconcile this information. we are really not doing anything a human could not do. along the way, we are not tracking anything about you personally. stuart: are you public or private? do want to be fought by a big retailer? >> we are still growing the company. we look at video data. it is just one step along the journey here. stuart: keeping your system for itself. we are talk to by a number of companies.

stuart: thank you very much for joining us. >> it is a real pleasure. thank you. stuart: arguably the worst super bowl in recent memory. you have to look at those ratings more closely in just a second. ♪

>> two senators say the secretary of state says president obama's strategy is a failure. k.t. mcfarland will help us understand the very deep game being played in washington. tonight. 7:00 p.m. eastern. stuart: we often talk about the nfl. it is the financial king. for the fourth time in five years, the super bowl set a record with the most-watched tv event in history. it drew 111 mmllion users. we are a little skeptical this morning. they did not break the number down. i am sure that a ton of people walked away from watching the game in the second half.

charles: the biggest share ever. that was at kickoff. everyone is anticipating it. everyone was watching. stuart: then you got that first play. i think it is starting to trickle right after that. the beatles made their debut. for that occasion, 73 million viewers tuned into that one appearance by the beatles. i think 73 million viewers in 1964 is bigger than 111 in viewers and 2014c16 i agree. you have to be right. at least 90% of america had to be watching.

stuart: somebody had to hold those rabbit ears to get good reception. i give you my take on the staff of farney and company, young, fresh, motivated. now you will have your take. ♪ oh hey, neill, how areou? how was the trip? [ le announcer ] with nearly 7 million investors... [ shirle] he's right here. hold on one sec. [ malennouncer ] ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] anwe do. it's how edward jones makes sense of investing. ♪ open to innovation. open tombition. 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. there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order.

good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. sile, flat rate shipping with the reliability of fedex. stuart: earlier i gave you my take on "varney and company"'s staff, the production team. they come in every day always on time and i say if that is what young america is all about. all of our staff is on the young side. you were listening to this and that is how your take came in. mike says if that is what you have to do to keep a good job then they are doing it. if it was a job that wasn't worth it may be they wouldn't be so dependable. well said, it is a good job. sally says we should give up on people in their 40s and 50s but

all too often they are looked on as if they're too old to do the task list well said. you work with our team. a good bunch. charles: absolutely amazing. stuart: can you imagine getting in a bright eyed bushy tail, a 6:50 a.m. to sit down in a contentious meeting and deal with people like me and you? you really got to love it. back to a big story that broke earlier today. i will call a blockbuster from the congressional budget office. will cost the economy in worker hours the equivalent of 2.3 million full time jobs. you have been looking more into the story. charles: here are the details. by 2017 it will be 2 million less. going into 2024 it will be 2.5 million bad debt this. almost entirely because workers will choose to supply less labor given the new taxes and other incentives they will face in the

financial benefits some i seeing. you will actually be rewarded for not working. i believe it is a long report i will go through after the show. it is another one of these things where it be incentivizes america. stuart: like our young people who arrived at 6:50 a.m. every day, this disincentive baez's if there is such a word. you don't want to work more hours because it is not worth it to you. that is the impact of. charles: make the equivalent or more staying at home. something wrong with that picture. we are in a fairness argument of income inequality but there's something fundamentally wrong when the government makes it easier for people not to work. stuart: my first reading was if you look at the hours worked they are going to work far fewer because people will be pushed into a part-time job. charles: the first story we heard from businesses and they will lambasted about that and

retreated although the numbers keep proving that to be right. this is the interesting part of it. i hadn't heard this before. we have to wait to find all the goodies and supplies. this is a big deal. stuart: you have not mentioned appearance on the john stewart show, it is not my responsibility. who is going to take responsibility for this? this is disastrous for america's economy and this is a very bad thing. did takes responsibility? charles: continue to own this and change the narrative to this is the right thing to do. is not about economics. it is about what does a fair country do for its citizens? completely different from jfk, what can you do for your country? what can your country do for you. this is what i am doing for you. stuart: it is yours. connell: market matters what

investors need to know with the swings in stocks the last few weeks, we started this morning, the cyberthreat for business owners, business bank accounts are not foolproof and the costs of the polar for tax up to the billions for travelers. the google barge out of the san francisco bay, google has to move it. the next hour on markets now. got to move the barge. dagen: don't get to see you walk this morning, you're sitting right next to me. connell: glad you realized that. a good start to the show. dagen: top of the hour. stocks up, we need a lot more, trying to shake off the giants' fullback particularly yesterday, down 3% of the previous two sessions. nicole petallides at