this means for your money. will the little blue bird chirps all the right notes? the analysts and schematics to watch before twitter delivers its very first earnings report. from kansas to vermont, 106 million americans remain under some type of winter weather alert. the storm has passed, the travel mess and has got it worse. stocks are searching for stability after the bumpy ride. can they hold on to yesterday's modest gains? we go to the stock exchange and nicole petallides will answer that question. nicole: after the sell-off on monday, we lost 326 points on monday and obviously haven't gained much since then. the dow down one point, those are fractional moves accounting for 0.1%. we're seeing a move for the isn't the 500 down 0.2% and the nasdaq down 0.4% for the tech

and nasdaq down 15 points, the sp sitting at 1752, also worth noting we were still on the 5% pullback area where we have been watching for the dow and the s&p, the most recent highs, we were off 5% and 6% respectively. in the meantime what is interesting is trading, the market has turned a little bit negative. the fear index in the green at 1953. and the third session in a row, the key level as well and save haven of gold up $6.5 to 2.6%. adam: we want to turn to commodities. will prices are wavering on the latest inventory data. phil flynn is in the trading pits of the cme so supplies rose less than expected. where are the bigger gains?

>> those numbers are skewered by the weather in the gulf of mexico. in the gulf of mexico last week we had massive fogs, storms, snow, you name it and oil tankers could not offload for. a lot of tankers are still sitting in the gulf of mexico that they think will get back in non land next week so that is tempering its somewhat. the other thing we are looking at on this market is strong demand for product, gasoline and distillate fields up 5% over where we were a year ago. what is surprising is you wouldn't think gasoline demand would stay strong but it is despite the bad weather.l gas, dollar range today. big explosive move overnight, recovering like crazy. we filled the gap on last month's expiration around 570, all the way down to 520, an incredible ride for natural-gas.

even more incredible than the weather we have been having. dennis: cbs will pull all tobacco products from store shelves. what does this mean for the future of that pharmacy? jeff flock joins us with moreein an attempt to answer that question. jeff: deeper into the numbers on cbs and what is clear is pharmacy is a real priority for them. look at the numbers on cbs camera can compare them to walgreen's. look at the number of stores. 7600 stores compared to 8500 for walgreen's. there are 800 minute clinics that claim to be number one in the nation in prescription revenue and get 68% of that from pharmacy compared to 64% for walgreen's. a lot of positive p.r. blitz from this, everyone saying how great they are and praising the

ceo. here is what he had to say. >> tobacco products have no place in a setting where health care is delivered. when we asked ourselves where we expect to be in the future as a health-care company it became clear that removing tobacco products from our stores is the right thing to do. jeff: for comparison's sake take a look at cvs caremark stock today and compare it to one of the tobacco companies like the morris. look at the one year on that. cvs clearly outperforming the tobacco company up 26%, down 13% for phil morris but today on this news, both stocks i down but if you look at the intraday cvs down twice as much as phil morris so people betting on health or death, i am not sure. i report, you decide.

dennis: death and taxes, the only things you are guaranteed. thank you very much, see you later. tracking the latest developments regarding pr, standard and poor's becoming the first ratings firm to cut the island's debt rating to junk. joining me now is s&p's lead pr analyst, thank you for discussing the decision that isn't he made and i want to quote from that decision. access to liquidity through the government development bank or other in means remained constrained. you could have gone further but you didn't. >> part of the reason we maintain the rating at double d plus is there were efforts to curtail the deficit, has narrowed the expenditures and increase taxes that narrowed the deficit and also the government addressed the unfunded pension

liabilities by actually addressing the benefit structure of professional liabilities. it is worth mentioning that we have maintained creditwatch negative rating. dennis: you brought up pension liabilities. you also said there is little margin for error over the next two years and operating deficits, let's talk about the $37 billion unfunded liability. the employee retirement system is only 4.5% funded. it would seem this is a precarious situation and what you are saying to investors is the likelihood they would be repaid in full is unlikely. what percentage of the talking? $0.80 on the dollar? >> what that means is no longer investment-grade rating and we believe the rating now reflects speculative measures, the ability to factors like downward trend in the economy, additional

liquidity pressures that may result in ratings potential in coming down further. dennis: watching other rating agencies, charlie gasparino wanted me to ask you, fox business understand this and he met with other rating agencies last week. what happened at that meeting? are we going to see downgrades from the other agencies? can you talk about that? >> i cannot say what the other agencies might or might not do. we did not meet jointly with other ratings agencies. we met with insurers and derived information from the insurers, not the ratings agencies and that drives the analysis. dennis: you didn't meet the other rating agencies. did you meet with people from puerto rico, from the gdp and what happened at that meeting? >> correct. as part of our criteria we request information from the insurer and the insurer provides

information. that information we obtained through meetings with them and phone conversations. dennis: what kiid of deal was puerto rico trying to lay at your table to say don't downgrade us? >> information to try to highlight efforts that this administration has made in terms of balancing the budget and trying to achieve a balanced budget that we take that information and perform independent analysis and opinion represents.at this rating action dennis: one last question. in regards to pension liability is being challenged in court. pr has to come up with an additional $140 million should the plan to deal with teachers retirement goes through, it seems to me when you say you have little room for error over the next two years the big mistake waiting to happen. >> this assumes the reform of the teachers' pension system

will go through as planned, challenging the courts will be a result shortly and as you mention it will represent in the short term in the short term and additional cash infusion to the system but one that will be less than would otherwise be had the benefit not changed. that is going to be closely monitored as the commonwealth develops its fiscal 2015 budget. dennis: we appreciate you being with us. the puerto ricans government promises to have a balanced budget year earlier based on all of this turmoil going on. we want to shift our attention to the implications this move could have on the market and your investment. especially retirement investments. the head of municipal-bond peter hayes joins us. in december on this program you told us eventually pr will have to restructure. it seems this is the first step and any day we would get a downgrade. am i wrong? >> i think you are right.

they obviously, we have two more agencies and have to weigh on the rating but last summer the debt has been trading below investment grade reflective of the weaker credit profile. nonetheless. nothing fundamentally has changed. the administration which has been in place for a year has done a good job raising taxes trying to cut spending taking some other measures which the s&p cited and the reason they went to -- should doesn't change the fundamentals. economy is contracting, not expanding. they are overleverett, demographics are not good and we conducted to detroit for that, population is falling. about of intellectual capital of the island is leaving and that means they are taking the ability away from the commonwealth to repay the overwhere ever did that which has been so burdensome and ultimately that means they can grow their way out, they have to restructure. we think that is the game for pr.

dennis: overnight because of this downgrade don't they need to come up with a billion dollars in capital and accelerated payments to current bondholders because of what s&p did? >> each of the downgrade comes with a penalty and a penalty triggers certain payments that have to be made to banks and other financial institutions and they will try to renegotiate those and you can read between the lines and restructuring type of outcome so that is the case. if there were more downgrades which we expect in the next 30 days or sooner you will seem more cash payments that need to be made putting further pressure on already stressed fiscal situation so is not a good situation for pr. sometimes the best alternative is to restructure early and we think that is the case here. dennis: stuart: get a second downgrade does that require what morningstar says, 70% of me any

bond mutual funds in the country have a pr debt, some of them have to sell that. isn't that the next shoe in? >> it probably is. the selling, that is a great question because it goes toothe question about what will the impact be in the broader market which is healthy. this is only a segment of the muni market but a fall of a sudden investors begin to think the rating downgrade has big implications and a lot of funds with the explosion to pr will be negatively impact and they still selling put pressure on the broader market. most funds point to two things. typically is the time of acquisition so you look at the rating when they buy it. not necessarily forced to sell when a downgrade occurs but i would be careful about the 70% number. i have seen that number for some time but there are types of pr pre refunded bonds which are backed by u.s. government securities. the number might be smaller but clearly there is a lot of exposure out there both in funds

and investor portfolios and i think has to shake out as puerto rico plays out. dennis: not unexpected. we even saw some puerto ricans debt trading today at levels higher than it has been in the past because this is a sigh of relief for investors. appreciate your being with us. you are an important voice and you help us understand it. later in the program charlie gasparino is going to join us on the firms that cannot resist the returns. who is buying puerto rico's-after the s&p downgrade and wind won't charlie take my bed over dinner about the future for puerto rico? we will challenge him when he joins us later this hour but right now but come back on the dow, maybe. stocks at session highs. racing trip be erased losses earlier in the session. raymond james, chief investment strategist on why we are nowhere near time to sell. retired soccer star david beck

come fly south for the winter, the latest on his plan to franchise and mls team. we will tell you where. after a strenuous workout one of the world's best athletes reach out to quench their thirst, how about this? water from sochi. that picture has gone viral. what was that? swill water. the water of the hudson river. back in a moment. [ male announcer ] e new new york is open.

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dennis: nicole petallides on the floor of the stock exchange, you are looking at today's big losers. nicole: looking at our losers we have seen retailers coming under pressure from the transportation index which has been under pressure as well. let's look also at the dow jones industrials up 21 points. we have seen back-and-forth action throughout the day. the high, we see it moving 15,473, we are less than ten points off of the highs of the day. a big move to the upside, still down for the week down 1.4% for the dow jones industrials, down for the s&p 500 down 1.5% and

still in pullback mode, 5% or more off of the highs of these indices. not great for the bulls out there, very crucial time in the market. dennis: thank you very much. the s&p 500 not below the 200 day moving average, 1709. can it hold at these levels or are we in store for future declines? for that let's turn to the senior investment strategist for raymond james. you are optimistic. you think the naysayers who think we will break through 1709 are wrong. >> i have been on stocks the dozen times in january basically saying the latter part of january and first part of february were due for some kind of pullback. the question is is it 5% or 7% or 10% to 13% of fare? a 7% pullback which is the kind of pull back you get takes you to 1719. i am of the view we are in a secular bull market that if we do pull down into the area, i am

not in the naysayers crowd. the 200 day moving average holds. dennis: a lot of people are very intelligent and others like to sound as if they're very intelligent talk about the federal reserve and the run up in the market we enjoyed in 2013. the term you use for these people in talking about the fed's keep program monetary cocaine but you disagree that the run-up was specifically because of q e. why is that? >> i think at the margins the injection of liquidity into the financial system and the banking system absolutely had something to do with the run but what people forget is in 2008 the bottom up operating s&p earnings were $49.50. this year they are estimated to be between 120 one dollars, and $122. so you have almost tripled earnings so it is not just the liquidity that has been injected. equity markets do not care about

the absolutes of good or bad. all equity markets care about are acting as getting better or worse? things are getting better as exemplified by the increase in the earnings we have seen since 2008. dennis: private sector payrolls, adp report not as high as expected. would do you think will happen friday? that will have an impact on the markets. >> it will be impact full on a short-term trading basis but we have been adding jobs, we lost 8.8 million jobs in the slow down, we recaptured a.1 million of those jobs. in the next few months you will recapture the 8.8 million figure and typically when that happens you get a pickup in capital expenditures so you will get an increase in capital exppnditures this year, that will lift gdp growth to 3% and i would argue 3% is pretty decent in the climate we are in. dennis: to wrap up we had different guests who set for 2014 they expect thet give or take 2%, nothing spectacular.

do you think they are misguided? will it be better than that? >> i do. the federal reserve will expand by 12% or 13%. there's a high correlation between the expansion and the federal reserve balance sheet as well as growth in earnings which are expected to be up 13% so it is reasonable to expect a return to the s&p, total return of 10% to 13%. dennis: thank you very much. raymond james, all the best to you. ready or not, here come the olympics and for sochi is looking a little more like the latter. the mind-boggling images of the last-minute scramble to get things ready in russia. no sleet and freezing rain from the plains to the northeast, the forecast which could draw as much as 15 inches of snow coming up next. welcome back. how is everytng?

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>> i am gregg jarrett with your fox news minute. and bird through killing one person in china. that strain previously unknown in humans is called h10n8. infected 300 people in that country. the united nations human rights

committee strongly criticizing the vatican for adopting policies that allow priests to molest tens of thousands of children over decades. the committee also says the church should change its rules on abortion and teach sexual education in catholic schools. the vatican says it regrets the committee attempted to interfere with catholic church teaching and the exercise of religious freedom. new developments in the death of actor philip seymour hoffman. police in new york arresting four suspects who may have supplied him with drugs. the oscar-winning actor was found dead over the weekend inside his manhattan apartment with a syringe still in his arm. those are your news headllnes on the fox business network. back adam. adam: that winter weather is hitting millions of people across the country. columbia, missouri, the heart of the state facing up to 8 inches of snow. for the north in chicago, the windy city expecting 6 inches of

snow. so is boston. the city getting slammed once again. in new ork we are dealing with freezing rain and it is not over yet. meteorologist janice dean is in the weather center, we are not out of the woods. >> the evolution of the storm as it moved across the midwest, some oyster across the gulf of mexico now moving in towards the northeast, some really good snow totals across kansas, 15 inches. a lot of areas got a foot in parts of missouri, indiana, illinois, iowa getting 6 inches. there is the storm, that wintery mix along the coast, interior sections dealing with a snow event and we did get one to three inches on top of what we have seen and certainly close to two feet. anything on the ground that is moisture is going to freeze tonight and it is going to remain frozen for the next couple days so your lows to new york city 17, philadelphia 22, that will make driving treacherous tomorrow morning. keep that in mind.

along the northeast dealing with lows in a single digits and teams in the 20s heading into friday. we will not get above freezing. then we watch this storm system. a couple things with this. this is the one we're watching for the potential of a nor'easter this weekend. the good news about this storm is it will bring much-needed moisture to the west. look at the moister we will see in california that is into extreme to exceptional drought. that is the good part of this but we will track this storm system as it makes its way across the east. watching the couple models, not the blockbuster some folks were predicting earlier this week. still need to monitor. i think we will get a snow event across the northeast but i don't think it will be the monster everyone is talking about on twitter and facebook. adam: we will keep our fingers crossed. the winter olympics are kicking off tomorrow as the opening ceremony friday, if you plan on

watching the game stateside, that is the right idea. the olympics in sochi have been filled with problems. hotels for people attending the olympics are not completely constructed. they are not only side-by-side, without a stall for privacy, they don't flush. with the paper. use your imagination. one of the united states's most famous athletes, sean whyte, has backed out of the slope style snowboarding event stating that the event courses too dangerous after spraining his wrist during a training accident. but perhaps the most disgusting image to surface from sochi is this. it is not whiskey. it is water from a hotel room in the city. the hotel warned its guests not to let the water touched their faces. that says it all. could be dangerous. big-name earnings due out "after the bell". we got you covered. disney, pandora, yelp and

twitter set to report and options are pricing in, what you need to know before the social media giant's first quarterly report since going public in november. that is now. [ female announcer ] who are we?

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adam: the dow is clinging to green after triple-digit losses. nicole petallides on the floor of the new york stock exchange. what have you got for us. >> 130-point swings from top to bottom. the volatility is back here on wall street. the dow is down nearly 7% for the year 2014 t has been a tough go of it so far for the major averages. standing at the post for mgm. las vegas sands and wynn also to the downside this is because

faming revenues in macau seeing the slowest growth since october of 2012. still making money there but the a slower pace. the analyst expects things to improve. there are no new hotels opening this year, no new casinos opening this year but eight new resorts over the next three years. we have something to look forward to over the next few years. back to you. adam: nicole petallides, first round is on you. thank you very much. twitter and pandora are among the big guns reporting after the close today and investors are anticipating some major post-earnings moves. sandra smith is standing by with a preview of what we can all expect in today's trade. sandra. >> adam, i will get to the expected moves the options markets are pricing in. but you teased wall disney. walt disney shares moving back near the high of the session. earnings are after the bell. profits are up 16% at disney. you're seeing optimism reflected in the stock, up a third of a

percent. remember that hit movie "frozen." that is expected to give the media division a big boost. then twitter and yelp. i want to look at pandora shares because pandora shares moving back up their highs of the session. analysts expect a lost improvement on pandora shares. on a year-to-date basis up 34% this year. it has been a big winner. let's real quick get to twitter. this is the first report from twitter since the company went public in november of last year. if i put up a one-year chart you see the company has gone up 150% since then. so these are big reports to watch, guys. if we flip through right quick, twitter, 2 cents on 217 million. if you flip that to pandora, guys, sorry for twitter, two cents, a loss of two cents on 217 million. guys end on the last full screen real quick, get to the expected moves. are we going to get there?

expected moves, twitter 13%. yelp 13%. pandora, 11%. bottom line, adam. you better watch these reports after the we because big moves are expected in tomorrow's trading session based on what is happened after the bell. adam: you know what is amazing, sandra? pandora. i can imagine internet radio but pandora controls that market. they have a huge audience base. >> listener base will be huge. the goal is to build the pay user listener base. the question is, can they do it? adam: sandra smith, thank you very much. don't forget it is the little bluebird's moment to shine as investors wait into the first glimpse of twitter's progress as a public company. joining with us a preview a senior analyst at wedge partners. thank you very much. a lot of people were on our broadcast during the ipo saying that this stock, people were paying too much for it. so far those analysts have been

wrong. is twitter going to prove the analysts wrong when they get earnings today? >> thanks. first of all thanks for having me. this is the case of the company's first public quarter reporting and a lot has to do with expectations. right now you don't value honestly twitter traditional way of valuing the group. google is very mature. facebook is somewhat more mature. with twitter, my question is laid out a long-term profit target of 35% or greater. i want to see how they get there. they're not getting there today. i think layout a pretty clear strategy today and going forward. i don't think it is excessively valued but in a near term perspective i understand why some people come away. it is just not my thought. adam: it may be fancy new technology but at end of the day it is about old-fashioned greenbacks. twitter with the partnerships with tv networks and incredible use of people tweeting during

real-life broadcast and concept of real-time marketing will they be able to show in the first report that they are monetizing that properly. >> i don't know if you will see in terms of deels with -- with super bowl and volume of tweets and so forth. it is kind of -- greenbacks. like google and facebook, this is about very simple advertising and use and consumption and people looking at tweets, looking at facebook posts and advertisers targeting. that will have a lot more to do with it. headlines important longer term but those simple click-on ads is what is really driving the company. >> i think i will attribute this to you, if i'm wrong, correct me, i think you wrote twitter has promising or more attractive revenue opportunity over the long term, than facebook. if that is what you wrote, explain that is. i thought facebook is the powerhouse.

>> that is me on it. i will take the credit or blame to see how it turns out over time. twitter is 10% the size of facebook in terms of revenue. when you kind of compare and contrast, trying to say winner and one's a loser, i don't look at it that way. fast book is a social network. it is about more conversation and chatting and sharing photos. twitter is some of that but has a business purpose to it. you don't have to use it in your job necessarily but going out finding information, being alerted to what is important or not. follow and unfollow things very anonymously. i think advertisers are actually as crazy as it may sound to some because facebook is so much bigger are actually looking at twitter saying you know the consumer that is looking at a tweet and then going within say a timeline is actually more active than more than i want to target than the casual facebook user. adam: martin pyykonen, i know we'll be glued to our computer terminals at 4:00 p.m. thank you

for joining us because we're awaiting twitter. thank you. adam: tune in to "after the bell" for full coverage of a today's earnings at 4:00 p.m. list claim, david asman and dennis kneale explaining all the earnings reports. now rolling the dice on puerto rico, back to that. charlie gasparino talks about the tremendous buying after s&p's downgrade. bending it like beckham. he is looking to franchise his own mls team. we'll tell you where next. ♪ ♪ ♪ ♪ [ tires screech ] chewley's finds self in a sticky situation toy 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. wherever you are with the mobile trader app hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomoow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one glon of fuel. what a day. can't wait til tomorrow. 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.

>> i'm melissa francis with your fox business brief. the price of coffee has risen 26% in the last seven sessions. it is the largest seven-day advance in 14 years. one of the factors, the impact of brazil's heat wave on coffee production. the national football league has reached a deal with cbs to produce and televise eight thursday night games. the eight early season matchups will be simulcast on the nfl network. tonight at 5:00 p.m. eastern on "money," more than 1,000 federal workers are suing the government over that shutdown last october. we've got a corrections officer seeking damages from uncle sam. what would the class-action suit cost you? and is it worth it? that is the latest from the fox business, giving you the power to prosper.

adam: you heard the public story on why s&p downgraded puerto rico but how about what was happening behind closed doors? charlie gasparino joins us now with the inside details on why s&p went through with the downgrade and how wall street is responding. >> we should point out you got at some of this in your meeting with the s&p analyst that actually did the downgrade earlier, i guess moments ago. here is what i know from people that deal in the bond markets and deal with the ratings agencies. what they essentially said is this. this downgrade came after meeting puerto rico had, puerto rican finance officials had with s&p and moody's last week. at that point the meeting was described as quote, unquote, from ratings standpoint was disasterous. they did not, puerto rico,

whatever they told s&p and moody's did not live up to what s&p and moody's wanted. what did they want? guaranties on fairly big cuts to budgets and pensions. a big dollar, billion dollars worth of bonds issued, guaranteed that. puerto rico did not want to do that, based on all the stuff going on they would have to pay a huge coupon on the debt. i heard the coupon could be as much as 9%. adam: they have the ability to issue anywhere from 500 million to two billion. they haven't done it yet. they're coming to market. >> i heard they're not going -- adam: not going for the full 2 billion. >> not going for the full 2 billion. that is what s&p and moody's would like hem to do. what is going on behind the scenes inside the ratings agencies office. they are worried clearly puerto rico will back off budget cuts. they are worried about liquidity because they don't have good access to the amount that they want. they are worried, coming from someone deals with ratings agencies, a greek-like situation. say all the right things, cut,

do this, there was a protest. adam: already having protests in puerto rico. >> then you back off. adam: court challenges to the restructuring in puerto rico. >> that is what they're worried about. let's back up. here is a interesting right turn from the story. as we are reporting that, you know what may be hitting the fan in puerto rico -- adam: people are buying debt. >> people are buying debt. both the cofina -- adam: that is spanish acronym. >> spanish act crow fpl and g offs which are not backed by taxes. backed by the general obligation from the commonwealth. yields have narrowed an prices gone up over past month fairly dramatically. adam: one this morning was trading 67 cents on the dollar. yesterday was 68 cents. >> go yields, went from nine to eight, okay? getting 8%, that is still pretty good, still pretty high, still distressed but i'm telling you, share a little story with you but i'm outside today and my

phone is ringing which is ridiculous -- adam: traders telling you to buy those bonds. >> i'm outside talking about this hit with another source of mine, i overheard trader say buy me cofinas and gos. adam: that is the question, why go out and do that. >> this is not for the faint of heart. if you buy both of those, triple tax-free. adam: money in your pocket. >> reeled yield -- real yield a lot happen. you betting the default is not happening. you clip the very big coupons. do you think it will happen to default? adam: just so everyone understands, the reason we're paying attention to this is so many people without knowing it have retirement fund tied to puerto rico. >> huge muni bond. adam: you and i disagree. i call a restructure a default. technically it is not a default. but if you're taking 82 cents on the dollar when you were expecting 100, what are you going to call it? that is what is going to happen. peter hayes was on this program saying there will be a

restructure. >> there will be a restructuring but we don't know when. until then you're buying trading. distressed guys -- what does a distressed fund do? a distressed fund generally buys bonds of bankrupt companies, thinking if you own the junk, you have a place at the table, okay? you may not get, you get at least, what you put in. if it is 20 cents on the dollar, you might get 25 cents on the dollar, based on everything said and done, when they whack everybody up. municipalities are a little different. if you're out there looking to gamble on this thing, if you're a municipality, sometimes they stiff bondholders as they did in detroit but you have to bet on the default. i'm not sure they're going to default. adam: restructure will have to take place this year. they run out of money june 30th. just today you have to come up -- >> why do they have to restructure? >> they don't have the money to cover deficits this year. don't have money to cover deficits this year. who is going to buy those bonds? they are buyering them but they have to come to market.

>> come to market a 9% coupon -- here's the thing, if they do a billion or two billion, from what i understand the mull monty, the two billion, that is where 9% coupon kicks in. that is a lot of money, i will use a vulgar analogy, would you give cocaine addict cocaine to wean them off the drug? that is essentially what happens. >> it works. i've not taken methadone. adam: i understand. >> i know people have. methadone works. that is what this is, is methadone. adam: charlie gasparino, this is issue we're all paying attention to and you're on top of it. >> okay. adam: the dow in the green after big morning losses. we want a check on the action from jason weisberg from seaport securities on the floor of the new york stock exchange for us. jason, we have some different opinions where we're going to go. where are we right now? we're up 18 points. have we avert ad correction or are we in danger going to the 10% side? >> i think we're probably still in the danger zone but, you know, i think that the danger

zone is probably now a great description because i think in order to continue the sustained bull run we need some form of correction. we never really got it last year. i think we're possibly in that correction mode now. i think that will bode for a really great finish toward the end of this year. i don't think we have to wait toward the end of the year to see at that upward move. i think right now when you see these selloffs, there is not egregious volume that accompanies them. it is market showing you there is lack of a bid. not that there's, volume selling. adam: jason weisberg. thank you very much for joining us from the floor of the new york stock exchange. news for you. david beckham is getting a warm welcome in miami. the soccer superstar revealed he is moving forward with his plans to add a major league soccer team to the city by the bay. no, that is san francisco. i should know, i grew up in miami. it is a sunny place and nice place to be. beckham retires last may but

hold as $24 million option in his contract to start a soccer franchise. the mls is working with miami authorities to build a brand new stadium for the team to be funded by beckham and his partners. no date for completion of the venue or when the franchise might join the league. thinking of snow, go to miami. we're live on the streets of chicago, not miami. where the relentless bad weather has stockpiles of salt running dangerously low. when does your work en do it end after you've expanded your business? after your company's gone public? and the capital's been invested? or wn your compan's bought another? is it over aft you' given back? you never stop achieving. that's why, at barclays, our ambition is to always realize yours

adam: another round of snow hitting cities across the country, leaving traffic delays behind it. it is not stopping mike tobin on the road in indiana braving a nasty winter storm. where are you, mike? >> we're in northwest indiana,

on i-65 headed northbound. i should be able to show you and headed north to look at the external camera, a remnants of a big wreck, pileup of four semi-tractor trailers that jackknifed jackknifed in the northbound lane going fast in the slick conditions. the good news about this, there wasn't much in the way of injuries. two people were injured. nothing that serious. what you have is what you see here, all of this snarled traffic. seems worst of the weather passed at least this area. the southbound lanes are pretty clear. it was been pretty slow in the northbound lanes. there is still a lot of snow on the road and the road itself is pretty slick. not as bad as the airports. 400 flights canceled out of o'hare and midway. that will snarl everybody else. another complicating factor is salt. the winter has been so brutal that everybody has eaten into the stockpiles of salt, all municipalities. as we look at external camera you see one car off the road.

it is difficult to get more salt now, because the mississippi in particular is frozen over and barges can not make their way up, adam. adam: mike tobin. if you get off the toll road into south bend, it is studies. be safe. >> got it. adam: if you're braving winter temperatures you may want a coat like this. the man who designed joe namath's super bowl fur coat and he will joins us to talk about a sales boom. cvs is pulling cigarettes out of its store. will legalized marijuana eventually replace them? tweet us. cheryl casone joins me for the next smokin' hour of "markets now." welcome back. how is everything?

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cheryl: another jamming hour of "markets now." i'm cheryl casone. adam: i'm adam shapiro. cvs is pulling cigarettes out of its stores. will legalized marijuana

eventually replace them? tweet us. full coverage of the cvs story and effect on tobacco stocks and your tweets next. cheryl: where the jobs are, with private sector employment growth slowing in january according to adp we have a guest on the very hot technology jobs market. a lot of jobs there. adam: tomorrow's business today. robots replacing soldiers on the battlefield. we have two guests on ways you can make money on it. cheryl: you don't want to miss this one, seriously. the man who designed broadway joe's super bowl fur which has its own twitter account now. he will be with us. he will talk about how business is booming thanks to joe. coming up on very well-dressed hour of "markets now." do we have furs ready to go? adam: i don't wear fur. i'm not against it but i wouldn't look good. cheryl: busted out grandma's fur. adam: she had a sable coat. cheryl: there you go. first, top of the hour. we do this every 15 minutes. time for stocks. let's go to nicole petallides on floor of the

new york stock exchange. nicole, what are you watching? >> we're not too far off the session highs. we're moving higher. we're up 21 points, whopping points, not a big move. but the key here you do have green on the screen for the dow jones industrials, okay? that would tack on to yesterday's gain. however still negative for the week because we lost 326 points on monday. that is not so easy to make up so fast. nasdaq is down one quarter of 1% and s&p virtually flat at 1754. slightly downside of one quarter of one point. the vix, the fear index is off the earlier highs. look at 3-d systems. had to caught their quarterly profits. not good news. mixed bag there. they are seeing falling consumer demand for prints but good for the printers. the stock is down 15.5% for 3-d systems. been a great performer for last 52 weeks but down today.

adam: nicole petallides, thank you. cvs is pulling cigarettes out of its stores but will legalized marijuana eventually replace them? your tweets run at bottom of the screen. we have jeff flock on the full impact on the story of cvs and impact on tobacco stocks. >> i will show you in a moment what the street thinks of this in if a second. what do you think the is biggest chain? what is the biggest drugstore chain in america? is it walgreens, is it cvs, which do you think? adam: i would have said eckerd's but walgreens. >> but, the answer is kind of depend how you count it. but first let's take a look at impact of this first of all on cvs caremark. what is the hit boeing to be from taking cigarettes off the store shelves? it is $2 billion. take a look at it. that breaks down to 17 cents a share in terms of earnings although this year they say earnings will only be impacted

by six to 9 cents a share because only obviously part of the year. they say there will be no effect on 2014 profit guidance. announcement made by it ceo of cvs caremark. listen to what he had to say. >> it is the right time and the right decision to remove cigarettes and tobacco products from our store shelves. positioning us for a growing role in the health care delivery system. >> now the answer to your quiz in terms of cvs versus walgreens, who's bigger? if you count numbers of stores, put the numbers up there, numbers of stores it is walgreens, 8500 stores. almost 8600 to 7600 for cvs caremark. but if you look at revenue it is no contest. much more revenue generated by cvs. they tell stuff that costs more. why? because larger percentage of their revenue comes from pharmacy. and that is part of the thrust of this. the clinics, by the way, the take care clinics versus cvs,

their minute clinics, a larger number for c-js caremark, 800, versus 370. i want to leave you what i promised you a comparison of the stocks. how they are doing today and how they did year-to-date. the big three walmart, i should say, walgreens, cvs and rite aid, no eckerds is not in there, adam, sorry. look what they did today. obviously a hit for cvs caremark. the others are doing better f you look at the one-year though, cvs was doing great. today, not so much. adam: eckerds is gone. mccrory's is gone in coral gables, florida. >> exactly. adam: jeff flock, thank you very much. cheryl: the private sector adding 175,000 jobs in the month of january. that is according to adp. we got that this morning but that did fall short of the expected 180,000, that was the estimate. as overall job market struggles to recover, the technology sector is helping lead the way in job creation.

could you think that adp has it right this morning? >> yeah, there is generally a pretty good correlation but they do different times. i think number will be a little higher from the bls. >> hope it is better than december, 74,000? >> it can't help but be better than december. cheryl: what do you think about that the january effect wasn't a market claim, it was unfortunately a jobs claim. trucking companies, construction companies. couldn't get workers out to the sites. what does that mean? >> weather does have an impact. you saw it in car sales. there's a correlation there too. so i think it will have some damping impact. there are a lost professions unrelated to the weather and technology is one of them.

cheryl: technology certainly is. discuss technology and unemployment, in the 3% range right now. that is currently. do you expect that to fall in 2014 even 15, '16? is it that hot right now? >> it is that hot. it has been in the threes. occasionally touches the fours. i expect it to be continuing in the threes. hard to get a lot lower. economist was say that is full employment or near full employment. cheryl: do we have enough qualified workers to fill stem jobs, science, technology, engineering, math. >> right now we don't. we're not producing enough from colleges and demand for those people is so high, we can't possibly meet it. cheryl: where are the workers going to come from? i'm assuming from overseas no. >> some is overseas. there is investment at the college and university level in creating more stem programs. so there's a lot of that happening. some has to be retraining. we have to retrain people from other profession figureses into technology. cheryl: i was looking at some of the, like the november jolts,

data from bls. 446,000 professionals quit in that category. is this tech specific or do you think that build in professional services we've seen recently is a bigger piece of that number from joots? >> i think it is tech, not uniquely tech-specific but i think tech is a big part of it. you have pent-up demand. people are being offered more money. we do a salary survey every year. we saw silicon valley, salaries increased by 7% last year which is the highest we've had. related. >> but average home in the bay area is what about $500,000? >> it is high. cheryl: it is expensive, it is high but you say the salaries are equating to home prices at least in the bay area? >> yes. cheryl: silicon valley. >> so one drives the other. higher salaries drive demand for higher priced homes. higher priced homes require salaries to get people to work there. it visiterrous circle. you have a lot of two-income, two-earner families but the demand is so high that companies

are going after the same people. cheryl: well, those people that they come to new york city want to work in our tech sector, get ready for sticker shock with home prices in the new york area. mike, thank you very much. appreciate it. adam: bet you're getting tired of this, airport delays galore as yet another snowstorm socks the big cities on on the east coast. we're live at boston's logan airport. cheryl: oh, that looks like so much fun. how about driving this around in all that snow? a one wheeled motorcycle? his designer is ahead on why he came up with it. adam: up next, that coat, the man who designed broadway way joe's super bowl fur coat joins us and his business is peopling. he may get cheryl to try one on. [ male announcer ] e new new york is open.

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adam: check this out. live pictures from seattle where the super bowl champion seahawks are about to enjoy a much-deserved celebratory parade. half a million fans are expected to brave temperatures in the 20, it's a heat wave, to celebrate the first super bowl victory in downtown seattle.

this, cbs has won the right to broadcast eight thursday night nfl games during next season. those games will also be simulcastton the nfl network cable channel. phil simms will be in the booth for those games. shares of cbs are up more than 36% in the last year. cheryl: football is such a profitable business, they should put it on every night. bring in the advertising. adam: then you get saturated. too much. cheryl: the bilge etf star of the super bowl was seattle seahawks russell wilson you would be wrong. it was joe namath's flashy new fur coat, first spotted when broadway joe came on the field for the coin toss which he screwed up by the way. it has its own twitter account. three days later business is booming for the maker of this coat and the flagship store. it happens to be that store here in new york city. guess who is on set with us?

the owner of kaufman furs and designer for broadway joe's coat. mark kaufman is wearing the same coat, correct. >> correct. this is the exact same coat we sold joe. cheryl: when did joe buy the coat monday? >> he was in my place on wednesday. he came in, asked me, said he was doing the to incosmos cost -- coin toss and wanted something special. what do you have for me? adam: you showed him this originally? what kind of blue is this, so this is blue and dyed, right? >> that is blue ming. adam: mink you showed him this and this is the first mink i showed him. >> he picked out half a dozen things. at end of the day he went back to the first piece that. >> is 3,000-dollar coat? >> right. cheryl: how is business? are more customers coming in? the coat has a itwer account. i'm sure you know that by now? >> business is booming. >> how much would you say? >> i would say 500%. cheryl: really?

>> because we've got, your partner is modeling that chinchilla coat which is the softest thing that you could ever feel that yyu can talk about in prime time television. and it is, i mean, it is stunning but is it cold weather driving your sales or just the demand for fur coats? >> the demand is strong. cold weather is basically the catalyst of fur sales. and basically with me, and all the things we're getting on it, my website is blasting. it was five times the amount of hits as normal. generally give me some nice business. cheryl: i still live on the west coast. one thing i could found interesting you could not wear in fur in san francisco where i was living. you would be attacked by activists. here in new york it is much more acceptable. the idea of buying a brand new fur coat and peta and other groups say it is the wrong thing to do? does that worry you? >> there is activityies almost everything. whether it is furs, whether it is health care, whether

religion, whether abortion, everything coexists with each other. cheryl: hand me this other coat. it is beautiful. i think this is lady's coat. >> yes. adam: expect to see these kind of coats in very cold places, denver, here in new york. but also you were telling me that the big markets for these coats, russia, where else. >> russia and china was number one in the world today. usa was number one but there, new economy in russia and china brought in tremendous. amount of business. adam: chilly in the studio. cheryl would like to wear this. cheryl: it is happening, i knowr coats. >> there is $200,000 fur coats also. adam: you look really good actually. cheryl: that is 8500? >> 8500. cheryl: no problem. i get a little belt as well. it is beautiful. congratulations at least, on. >> , i mean again you must have been so surprised by what

happened. adam: you have diddy and other celebrities. >> yes. we won the super bowl twice. jo got a second ring. cheryl: by the way, have you talked to him since the super bowl? >> i spoke to his attorney yesterday. everyone was so happy with the results. cheryl: was he upset about the fact that the coin toss was a little messed up in the beginning? >> had inexperience doing it first time. now second year, had a little problem. cheryl: marc kaufman, kaufman furs. thanks for bringing coats. >> thank you for having me. >> never know what happens in pop culture. adam: better get the coat back from her. >> it is warm and it is cold. cheryl: i will give ii back, i promise. hold on a 2nd. adam: quarter past. we'll check markets and nicole petallides on floor of new york stock exchange. >> i'm a little chilly. i think i need a fur coat. just kidding. elizabeth arden and estee lauder, two names we're watching. elizabeth arden, profit dropped. weaker sales. let's see what elizabeth arden

is doing. 11 1/2% drop for elizabeth arden at 23.70. good ol' estee lauder is down 5.4% and this is real global story here for elizabeth arden. they're seeing sales slowing abroad namely in china and also in europe. they're seeing it and giving estimates below the analysts expect takes. so that is not good news. i left out south korea, another area where they're seeing slowing. so the forecast here for estee lauder is also weak. two names we're seeing very welcoming under pressure. the dow is up two points. back to you. adam: nicole, thank you. cheryl: "snow-pocalypse" pushing natural gas prices to multiyear highs. using to heat many homes at its highest level since january 2010. look at five-year. adam: the snow keeps coming and coming for big cities of the east coast. another really big storm may be on the way this weekend. we'll go live to boston ahead on the costs to business and

government. also an "american idol" winner is running for congress in north carolina. that story is ahead in your fox news minute. one of the miller twins has a hearing problem. and shs fed up with the dail hassle of her old hearing aid. so she got a lyric in her life and everything changed.

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>> at 21 minutes past the hour i'm gregg jarrett with your fox news minute. new developments now in the

death of actor philip seymour hoffman. police in new york arresting four suspects who may have supplied hoffman with drugs. the oscar-wiining actor was found dead over the weekend inside his manhattan apartment with a syringe still in his arm. meanwhile the medical examiner's office says more tests are needed to determine exactly what killed him. russian president vladmir putin insisting that sochi is ready to host the winter games. russia has taken seven long years and has spent more than any than any other country ever building olympic venue. two days before the opening ceremonies, some hotel rooms are not finished and electricity outages occasionally disrupting the security measures. former "american idol" contestant clay aiken is running for congress. the 35-year-old will seek the democratic nomination for north carolina's conservative second congressional district. that democratic primary is scheduled for this coming may. those are the news headlines on the fox business network.

i'm gregg jarrett. now back to cheryl. cheryl: thank you, gregg. he is no longer invisible. >> that's right. cheryl: gregg is saying no idea what the clay aiken song is? >> i do. cheryl: you have kids. i always forget. gregg, thank you very much. >> all right. cheryl: time to take a look at what is hot on foxbusiness.com. kate rogers joins us from the newsroom with what is trending right now. kate? >> hey, cheryl. we have a ton of great content as always. coming in the number three spot right now is that story from cvs this morning, announcing they will no longer be selling cigarettes and tobacco products by our senior reporter matt eagan. what is interesting that could cost them $2 billion in sales. huge numbers. till will be interesting to see what happens there. our number two story is on adp's jobs report today that the private sector added 175,000 jobs in january. and interestingly enough, small businesses with 50 or fewer employees actually added 75,000 of those jobs.

so small biz leading the way. our number one story right now is by editor katherine vassl on skills employers wish new college grads had. you know the number one thing they're missing? soft skills. people skills. the ability to communicate back and forth f you're recently out of school, that is something you definitely have to work on. cheryl: using text-messaging and lol. they don't communicate. don't write letters. >> those emote at this cons will not get awe job. definitely work on people skills. cheryl: kate rogers, thank you, kate. >> thank you. cheryl: they don't know how to communicate. adam: like the song inches visible. i was the one who had no clue. cheryl: might be on i ipod. just saying. adam: coming up on next half hour of "markets now," robots replacing soldiers on the battlefield. we have two guests how you can make money on it. cheryl: how about driving this around in all that snow out there? it's a one-wheeled motorcycle.

the designer of the that motorcycle will be coming up. adam: and we're live at boston's logan airport where they aree3 cleaning up, as this latest snowstorm stretches budgets for both government and business. ♪

>> we have 90 minutes until the close. we will have walt disney earnings after the bell. you see this kind of green and

it almost reminds you -- let's hope the green is for better reasons than those cruise ships. nicole: i am keeping a close eye on dow component merck. it is down two tenths of 1% at 5341. it is trading as high as 5520. that brings us back to the 2007-2008 levels. this is all on the idea that they had a newly announced cancer drug partnership. there is a lot of high hopes here for work on this one.

pfizer has been working on a breast-cancer drug as well. they really, really can move. back to you. >> thank you so much. keep it right here on fox business. liz claman and david allen will have all of the information for you after the bell. how it would fit onto an fantasy may soon become reality. yes. this is really happening. colonel peters, i would like to start with you. what is your experience with robots and the battlefield.

>> robots, robotics and other high-tech rules. be a tremendous health risk. the challenge is getting the balance right between the human and the technological. myself, i saw the pattern as industry always overselling technology. we end up relying on that. let me make it clear, defense contractors, and a lot of flavors. they are not all good guys. a lot of it is congress funding stuff that the military does not use. talk about the fact that the industry may or not be suffering from sequestration.

talk about the experience that you have had with robots on the battlefield and what they have done. >> sure. colonel peters is absolutely right. the most important aspect are the men and women that are serving. we invest enormous resources on them. it is also important that we not put them needlessly and what i would call dirty, dangerous or dull situations. that is where i think robotics can really have a real difference. we have over 4000 of our robots in the field. those are the things that you do not want to put a young man or woman in harms way if you do not have two. there are a lot of situations like that where robotics can be applied. >> we are talking about bond disposal, recognizance that

removal of hazardous material. you produced some of the specialty robots. do you see a world beyond the military? >> absolutely. many of our large and medium-sized robots were involved in doing cleanup operations. there are all kinds of things. i think in the future you will see robots and robotic type places. they will make their lives more meaningful.as a downside of robotics potentially replacing the men and women that serve our country? >> in our lifetime, robotics will not replace the combat in

this street. they can help us with logistics. they can help us with exactly the scenarios doctor crouch described. the danger comes, cheryl, when you asked it to do too much. again, it is about balance. if you cut essential personnel to buy stuff because it is made in text, you are doing a disservice to our country. cheryl: where are you manufacturing right now? >> both of the boston area and also in the pittsburgh area.

we are building for the military. do you foresee robots being a more crucial part of those operations? >> again. my rule for any defense is a ra. it to be appropriate that robust and affordable. there are technologies including those manufactured by doctor crouch's company that can really keep troops alive, help the ied's. the danger is when you ask the robot to do too much or expect too much. versatility is deeply embedded in the human animal.

we had world war ii. atomic weapons meant that we did not need the input tree. before 9/11, we could cut two army divisions. we need more info tree. you have to fight past the hype. let me be absolutely clear on this. they are not the problem. the real legal fees is the defense tried to get away with murderous waste. cheryl: doctor krall, we will have to have you back along with colonel peters. thank you very much. appreciate it. >> turning to the snow and ice. it is causing a lot of problems

for people traveling across the country. airports getting hit the hardest. molly joins us from boston airport. are they digging out? >> absolutely. the snow is still coming down. taking a look at all the flights across the country. there are about 39,000 delays -- excuse me, 7,000 cancellations and 29,000 delays. the planes -- here are the roadways. still very messy. slowly getting back to normal. the snow is still coming down and occasionally it is becoming this sort of sleepy messy ice. there are a lot of people hopeful that they will get to their destinations.

the smith family is trying to get to texas because they want to see their son graduate from the air force. they may have a long wait to get there. >> we stayed overnight. we are catching an earlier flight, hopefully. the earliest flight that we try to get on has been delayed. >> they said that they do not expect to land until about 1:00 o'clock in the morning and they still have a drive ahead of the. they are hoping that they will be able to get onto some flights. adam: thank you. cheryl: and aging both. elizabeth macdonald is ahead. cheryl: why that next cup of coffee may cost you a little bit more. ♪ cheryl: take a look at how oil

just closed for the day. ♪ retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how mu we'll need for a retirement that could last 3years or mor so maybe we ne to approach things dferently, if we want to be ready for aonger tirement. ♪ the's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makesy life easr. maybe a promotion is in order. good news. i got a new title. and a raise?

manament couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volumetocks... breaking into 52-we highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ametrade. ♪ dennis: i am dennis kneale with your fox business brief. the price of coffee has raised 26%. one of the factors is the impact of brazil's heatwave on coffee

production. shares down sharply. ceo defends his company on varney. >> it is now the time to forgo some expansion in favor of a land grab in market share witch on the other side is greater earning potential. dennis: anheuser-busch buying blue point brewing company. terms were not disclosed. that is the latest from fox business. giving you the power to prosper. ♪

adam: it is an aging bull market the s&p is down more than 5%. the dow is down close to 7%.

is this the beginning of a correction or are stocks that to bounce back? we get to the bottom line with elizabeth macdonald. >> 855 did we have gone without. that is a really long time. five weeks into this we have seen two days of 300 plus downward movement. in 2012, just one day. in 2013, just one day. here is what these guys on wall street watching. yes, possibly due for a breather. yes we have an earnings beat already coming in for those companies reporting their earnings.

that is nicely in line with what the market history has been over the last two or three years. they are seeing investors sentiment turned from bullish starting at the beginning of the year now more of those people going neutral. the stock pop is only under half a percent. the day they report positive earnings beat. that is not good for the markets when it is on skittish ground right now. cheryl: a lot of these companies already give us lowered forecast going into it. the bar is already set so low. >> we have always made that joke that companies set the bar so low that a puppy could step over it, or a baby could step over it. i think what is happening on

wall street is they are saying this. yes by on a dip when you hear them talking about the volume in certain specific stocks, picturing something to keep in mind as investors sentiment seems to be turning at this point in the game. adam: at the end of the day, it is how you feel. if you are a little nervous, you probably will get out of it. >> at this point in the game, i always like to see what the big guys on wall street are saying. i am not talking about the reports that come out willy-nilly from analysts. what they are set right now is yes, it is skittish. go with the strong blue-chip

names. >> we really rallied to the summer. that is a good memory to have. thank you. a quarter till. the dow is hovering right around the flat line. let's head to the floor of the new york talk exchange. the guys are saying this is something to watch. maybe one pullback is a healthy pullback. do you agree with that? >> i completely agree. we need to have some form of a fiction, a healthy correction. not a violent one. that is what we have been getting. it does not necessarily, you know, bolster a great story.

the stocks are going where they are going. at the end of the day, if we do not see accelerated buying, it could be the same for an upward move. there is not a lot of conviction in the move in either direction. there is a ray of hope. there is some sunshine. there is really a lack of interest. we do not want to see what we saw with greece. cheryl: what is a catalyst for you to buy in? a lot of our viewers sold for tax purposes at the end of the year. what kind of catalyst would you see that you would say, yes, this is it. >> well, to be honest, when

every headline that you read and everything that is discussed on television, adding are doing now, is saying that it is the end of the world. that is a catalyst i would use to start putting money back to work. my recommendation to people would be do not jump into the deep end with the whole thing. just stick your toe in the water. worst case scenario, at least you are participating. you need to use these opportunities as a buying opportunity. cheryl: jason, thank you. adam: one wiehl better than two. we will meet the designer of a one wheeled motorcycle. cheryl: taking a look at some of the winners over on the s&p. we have losers to.

we will be right back. ♪ quick look at the weather. nice day, beautiful tomorrow. tomorrow is fullf promise. we can come back tomorrrow. and we promise to keep it that way. driven to prerve the environment, csx moves a ton of freight nearly 450iles on one gallon of fuel. what a day. can't wait til tomorrow. ♪ see what's new at projectluna.com to manage your money.r guy arnd 2 percent that's not muchyou think cept it's 2 peent every year. go to e*trade and find out how much our advice and guidance costs. spoiler alert. it's low.

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p7 traveling to the grocery store just got a lot easier. introducing the rhino. the one wheeled motorcycle. more impressive is the one wiehl. chris hoffman is the founder and ceo. it is a fascinating new product. your 13-year-old daughter said build this for me, daddy. >> it was simply, hey, daddy, i saw this one wheeled motorcycle in a videogame. it was not until we really got

the first prototype and build it and tried it out riding and around the city that we discovered what this thing actually was. >> we are looking at video of the vehicle right now. i like four wheels. i am sure this will be impressive for people who use it. i am a little afraid. what is the balance on it like sure mark. >> front to back it bounces like a scooter which is proven to be very reliable and safe. left and right that it steers like a motorcycle. you are just learning how to ride a bike. adam: all electric; right-click right. >> that is right. rechargeable. very users friendly we are opening at 10 miles per hour.

adam: how were you pop a with only one wiehl? >> 5300 is our target and retail price right now. adam: i think this would be ideal in a place like new york. what kind of interest are you getting from the world? >> 1500 bikes easy. what we discovered is there is this spread across all of these vertical martex. kind of a long-haul down the docks. i get calls from guys in russia that want to ride it around on a coal mine. adam: just out of curiosity, you will start selling them very

soon. when and where do we get one? >> april 16 is our launch date. we will ship thereof do a limited amount of dealers. we have sold about 150 bike so far in a month and a half. we will start shipping in the middle of april. adam: that is impressive. we wish you all the best. adam: coming up on "countdown to the closing bell," want to know whether the economy is growing. they are in more than two dozen countries around the globe. liz will ask the chairman and chief executive whether he is seeing a slowdown in china. that interview, a fox business exclusive. ♪ i ys say be thman with the plan

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gerri: day of reckoning, twitter at ceo ready to unveil his first earnings report since the company's successful ipo. the high flyers shows signs of profitability or will the share price come back down to worth? a full bear debate over the blue bird. holy smoke. cbs snuffing out sales of all tobacco products in an effort to position itself as a health store versus the drug store. could cost the chain $2 billion a year of sales. will the drug stores follow suit and would be a winning move for investors over the long term? want to know how the global economy is really doing? check out this trendmaker in 26 countries, the chairman and ceo is our exclusive guest to tell us how building profits more than making trains.

"countdown to the closing bell". good afternoon, i am liz claman, last hour of trading, dow in the commercial break into negative territory so we are watching this closely for you. any rally we saw today rather feeble. we are waiting to see how the blue bird performs "after the bell," talking about twitter and its first-ever earnings report as a publicly traded company. those numbers in one hour. the stock is down 1/2% in advance of it. there's the 9.4% position on the stock. we will be all over the numbers "after the bell" but there's a lot more going on between now and then. we need to look at 3d systems plunging today after the 3d printersmaker noaa its guidance to to software demand for consumer printers and printer parts. brady systems, one of the biggest and most talked about in the 3d printing space is scheduled to report fourth quarter results at the e