lori: the competition in sochi, the green behind going for gold and the most expensive olympics ever. house speaker john boehner affectively dropping immigration reforms, straight to peter barnes with these latest developments. >> the speaker has effectively eat pull the emigration reform from the house agenda this year according to sources on capitol hill. according to fox colleagues, john boehner putting up a stop sign on reform due to internal party divisions on how to move forward on it. for one thing some republicans reportedly favor focusing on obamacare, whether than risk an internal fight over immigration in a press conference on little bit ago the speaker would not say on camera that reform is dead for the year but he did say republicans worry about the president's use of more executive actions to influence

policy and don't trust him on a new emigration law. the white house said it plans to keep working on the issue. >> i have made clear for 15 months the need for the congress and administration to work together on immigration reform. it needs to get done. i will continue to talk to my members how to move forward. the president will do his part as well. >> we remain optimistic about the prospects for comprehensive immigration reform. we have seen significant movements on republicans on this issue. >> we should note the speaker's remarks came a day after senate republican leader mitch mcconnell raise doubts about immigration reform legislation for this year. the two chambers of congress remain divided on the process forward with the senate looking for a comprehensive bill while house republicans want a

piecemeal approach. lori: thank you. adam: stocks in rally mode. we head to the floor of the stock xchange, nicole petallides there near the highs of the day. everyone else seems to be happier. nicole: the dow jones industrial average up 1% right now. a gain ofting 15,593. the s&p 500 each other over 1% as well. still in negative territory for the week. however talking with the balance we are seeing today, to understand the balance have to understand where the markets were before that. in an oversold, we were down 326 points on monday. and he noted that this morning was roundly firmer in europe. tuesday tried to give ago, remember tuesday's trading, back 70 points yesterday, but today

his point is europe did well again and treasury's move as well, second day in a row, yielding the ten year. it takes away the fear that the u.s. may be collapsing or worries about the economy. and that happened as well. so now you begin to move forward so we're sitting at a resistance level land watching 1771 and the s&p 500. adam: thank you. stocks are heavy, best day of the year, tomorrow's jobs report to bring those gains to a switching halt. mark machiney is the chief strategist at janney montgomery scott. tomorrow's job report will be underwhelming. why? >> we had a couple reports this week leading up to tomorrow's number. that might offer a signal as to what kind of representation we are going to get, one was the

adb report wednesday morning that came below expectations. of course this morning's initial jobless claims numbers showing improvement on a week of a week basis wasn't the improvement that was anticipated by consensus so as a consequence tomorrow consensus estimates are 180,000 new jobs to be created on a net basis. that is the big leap from the 74,000 jobs number created attributed to weather related issues. we will see if we can see that number. with those signals leading up to tomorrow's number of appleby expecting a number that might be shy of that. adam: what happens to the market? will we see a sell-off? >> i don't think we see a massive sell-off, 30,000 jobs shy at the 1 day. if we see a number that cooperated, last month's number like to be low 100,000 which makes last month's report look less than an aberration that

could have a serious impact on equity prices particularly since right now the sentiment has become more biased to looking for bad news as the reason, maybe even an excuse to sell off equities which i don't think the correction we are in the midst of at the moment is necessarily over. adam: in years past we draw a connection between unemployment and the stock market, but performance in stocks and the jobs numbers over the last three years and is that going to be permanent? >> there has been a disconnect over the last few years because of the fee's influence in the marketplace, all about what the fed will do with the balance sheet as opposed to necessarily weather the economic conditions that are being produced are sufficient for self sustaining economic expansion, one in which profitability rises. i do expect that connection to be decoupled overtime as the fed is in the midst of its tapering program and ultimately probably

not for a year-and-a-half or two years or longer, begins to normalize its interest-rate policies that will restore once again focus on fundamental factors like job growth as opposed to balance sheet extension by central banks. adam: the numbers underwhelming tomorrow. how would you advise a mom-and-pop investor, not the big-time money movers the retail investors? >> likely the same investors aren't being sort of relative to trading market conditions on a day over databases. i wouldn't necessarily say go to cash today, at the same time year whatever happens to the market tomorrow. i happen to believe, this is the best case for 2014, we are in the midst of a synchronized global economic expansion in which the u.s. economy is poised to accelerate. one data point is not enough to alter that view and therefore stay iivested for the long term and equities should play a role in your portfolio. adam: don't be surprised if by

quote you tomorrow after we get the jobs numbees. thank you for joining us. lori: european central bank holding interest rates steady at the latest meeting despite calls for more stimulus. many expect the bank to take action to guard against falling inflation which could weaken the area's recovery. in his news conference after the decision ecb president mario draghi dismissed the threat of inflation saying it is not an issue and the euro zone is only facing a prolonged period of low inflation. adam: green mountain coffee shares soaring to a multi-year high. coca-cola, they are buying 10% stake in the company and that will launch green mountain's cold drink machine. coke product will be available for that machine which could debut as soon as october. can you say watch out, so the stream? this could pose a threat to soda stream which has a hold on the category but the green mountain partnership is driving taut, so the stream could be a takeover

target for pepsi. hits the spot. that is why so the stream is jumping. lori: our consumers feeling about it? robert eiger, in spite of disney's strong%, customers are anything but confidential and here is dennis kneale with more on the story. dennis: would think bob eiger would be in a better move, disney rocking fourth quarter earnings, stock is up 3% in response, a 5%. the company managing to grow revenue need every one of its five businesses and boost earnings by a higher percentage. will get these numbers. that is more cost cutting, tight management in disney's obsessive attention to detail because so far disney has not seen any rebound in consumer spirits. here is what robert auger had to say last night in his interview with ggrri willis. >> i don't think there is huge confidence out there. that doesn't mean people are pessimistic. digest from our perspective that

they are somewhat uncertain. dennis: bob eiger has never been a guilty guy. he defines that non sequitur cautiously optimistic but his skittishness, disney clues to the economy showed in its business and how its clients and consumers are feeling so when companies sense an economic downturn coming, disney's networks, espn, abc, manage the 4% rise in ad sales in the quarter just ended and 20% increase in earnings and those theme parks consumer-products businesses provide a read on how consumers are feeling 6% revenues, earnings up 16%. but the movie studio fairing best of all, revenue of 20% to $1.9 billion in that quarter profits up 70%. more the $400 million. released to the bigger factor frozen, animated property now nearing $900 million worldwide at the box office, said to be the next blockbuster that keeps

on giving disney. broadway musical in the works on top of book and toy product tie-ins and the inevitable rollout added disney theme park near you. it is very formulaic buddy effective. lori: one step in my house confirms all of that. adam: you are part of that 900 million. lori: thanks so much. adam: another american state reporting earnings, general motors the auto maker missed estimates on the top and bottom lines for the fourth quarter. the company posted a profit of $0.67 per share in revenue, $40.49 billion. strengthening the united states and china not enough to offset declines in other markets. shares down 13% so far this year. more from general motors coming up, jeff flock will talk with tim mahoney from the chicago auto show. lori: the olympics barely underway. strained relations with russia or fermented, team usa sponsor

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>> the most expensive winter olympics ever game is getting underway but is so g really ready? the new safety concerns, some are questioning whether it is worth the cost. forbes executive order is a look at the money behind the winter games. the most expensive winter games ever, what absorbers -- >> things like a rail line. that is the bulk of the expense. >> is not about making money on the olympics, no way that is going to happen. it is about brand openings for them. can they put on a safe modern

olympics and we are not sure yet. adam: china came forth on a world stage, what happens if russia flops? >> it certainly sets back the brand, and question future sporting events and how successfully you attracted as events. the define what? does it mean there is a terrorist attack? doesn't mean it is difficult to find clean water to drink. lori: some of the key star olympians have pull out of key events, sean whyte being one of them. does that affect revenue streams in the end? >> he will be there for the main -- and narrative was made for this litigation is but a very dangerous and very risky. rather than compete and get hurt. >> if they're actually in to it.

is the feeling less than spectacular? >> if you look at vancouver and the united states there 119 million viewers. there were 3.5 billion viewers. more people are watching the events online. they had 28 million viewers per day at nbc olympics.com, 1.8% higher than beijing. a similar increase at this olympics, so streaming his change, working with twitter. the audience is growing. lori: get to russia's goal of improving public relations, how have the gaps with the journalists chuckling, you know we are talking about, horrible conditions and unsightly ccnditions in trouble, and we are forced to confront, house that affecting things? >> the biggest ways that lead to

bring their own security so you went athletes concentrating how well they will compete and how safe they will be? i would say the former concentrating on their performance. it brings to question the next summer olympics in rio they janeiro. a lot of questions they're too about how safe it will be, protests and things like that. i question the ioc in awarding these olympics for these two countries. no one ever thought of athletes' safety until 1972 in munich when the terrorists murdered the israeli athletes so that change our consciousness. i am wondering if four years later we have forgotten that episode. adam: is there enough revenue to sustain the astronomical fees tv networks pay for the rights to these games? >> nbc pays $775 million for these games. in our e-book $800 million in profit. production costs and so forth,

but they will also generate probably $200 million or so in a philly yet revenue and going back to the new streaming and people watching on hand-held devices last olympics that was $60 million in revenue triple the beijing games. i suspect it will be similar this olympics. so be live streaming and showing all the events live, the strategy has paid off big time for nbc. lori: thanks for your time and insights. is always about dollars and cents. adam: checking markets again nicole petallides on the floor of the stock exchange and on line stocks, what have you got? laura nicole: let's take a look, two big movers moving in two different directions. let's start looking at yelp, not new high ideals for yelled, better move on earnings, $91.49.

it is a 17% at the moment, it is up 236%, better revenue, more customers, great news as they add customers and build their brands. look at pandora on the flip side and when you look at pandora they had rising costs so that didn't help and their revenue did miss analysts' estimates. that is one of the reasons you are seeing it to the downside down 12.25%, $31.46. it should be noted pandora has been a great performer over the last two weeks of 200%. and up 52%. adam: thank you. lori: the earnings parade dozen end there. linkedin preview with rbc's mark mahaney and why he is not worried about -- twitter shares

getting hammered today. adam: new york crime fighters could be wearing google glass. the department thinks the high tech device can lock up the bad guys. [ male announcer ] e n new york is open. open to innovati. open to ambition. open to boldids. that's why york has a new plan -- dozens of tax free zes alacross the sta. 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 re jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com.

>> 23 minutes past the hour, jamie colby with your fox news minute. a fresh round of peace talks underway between the pakistan for an taliban insurgents, both sides meeting in islamabad amid growing did doubt about the chances of success. extremists fiercely trying to topple the pakistani government ever since. the syrian government striking the deal with the united nations today, securing the evacuation of hundreds of civilians, folks that have been trapped due to intense fighting in the central city. we didn't get any additional details of the deal, only saying the evacuation would take place very soon. there are some brand new developments in the target data breached. sources are telling security blocker brian crabs that hackers:network credentials from a vendor used by the retailer. cyber iscrook using the credentials to infiltrate target's payment system network. those are your headlines as more

details emerge. lori: the plot with targets certainly thickens with the latest developments. take a look at shares of twitter, painful, falling 20%, the biggest sell-off began trading in november. twitter's fourth quarter revenue jumping 116% year over year. user growth and user interaction slow. shares of twitter, maintaining our outperform rating on the stock. mark mahaney joins us now. other analysts and investors looked to the hills today. >> i want to acknowledge user metrics you mentioned, those were negative and negative survive and stock valuation and that move up into print is going to sell off. that sell-off is what warranted, the question is what is the next move in those metrics and over the next two to two quarters, acceleration in user growth, if we are right on that stock will

go higher. highest growth outlets, triple digit earnings growth for the next three years is still reasonable. lori: compound in the problem is the contentious conference call with the ceo yesterday, put on the spot what we did to improve things, how do increase users and not giving a solid answer that we are satisfied with. why is it more comfortable with the valuations which have been criticized for weeks and weeks as being overblown and the strategy going forward? >> they have the right strategy in terms of spending lot of time talking about steps they can take to improve user growth, steps they can take to improve engagement. what hasn't been a priority until the last couple months, we know they implemented a few things like making it more facebook like. pictures and videos into the tweet stream and we know we have

seen other companies in internet space and a history sidetracked, names like netflix and pandora and facebook, we have seen them execute the engagement of their users, our guess is twitter will do the same thing. if we are wrong on that and metrics deteriorate the stock will deteeiorate. that is where the debate is on the stock. lori: right now it seems a parallel in some ways, trajectory with facebook but a lot of reporting since facebook released its last earnings, they are seeing users, young users, what is the likelihood that happens with twitter as well? >> that cannhappen too. a lot of surveys and younger users particularly in the u.s. and one of the places we find face with users migrating towards twitter. footer holds out better with younger demographic. that said the most attractive demographic for advertisers

still remains demographics with discretionary spending and that is usually the soccer moms, not the soccer players, we like both stocks and prefer facebook as a stock but we still like twitter. lori: linkedin reporting after the close. is it fair to say these stocks that have come so far so fast might be struggling here under a broader tough market increased volatility and uncertainty after a banner year for equities in 2013? >> you are right. these stocks, we had triple digit 200% up moves. earlier pandora had a big move into this print and a little disappointment like you had in twitter and these stocks can move aggressively. linkedin is not by force, we are worried about valuation and the transition in the business model. could linkedin have a twitter moment? it could. we're looking get 24,000 corporate customers and that slows down it could be a twitter

moment, we're looking at 2 a twitter registered users. if there is risk in these stocks. lori: mark mahaney, thank you, sir. adam: the endless barrage of snow storms across the country has some states hitting a breaking point. the emergency deliveries of salt as reserves run short and the tactic others are using to melt it all. lori: general motors, brutal fourth quarter results, what the automaker has up its sleeve. jeff: i was talking to tim mahoney, the chief marketing guy, we will have him on the fox business network. we will tell you what they are coming up. ♪

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lori: time for stocks news. its back to the floor of the new york stock exchange and nicole petallides. we're in rally mode, nicole. >> well, yeah. we are in some mode. rally mode maybe. 136 points to the upside. we're still negative for the week however. we have broken some thresholds above the 200 day moving average again on the dow jones industrial average and that is a good sign for the bulls. so we do have some green on the screen and plenty of winners to speak of. let's take a look, another winner, looking at sony. everybody knows sony, right? up 3 and 3/4 of 1% at 16.50 a share. the company is saying they are planning to spin off the tv unit into a separate business by july. it will also sell its pc division. this is some restructuring going on n this move they will cut nearly one billion dollars in their costs shedding 5,000 jobs

as well. they did slash the full-year profit forecasts but seems investors on wall street like the idea of what sony plans to do. back to you. lori: thank you. adam: general motors disappointing the street with its fourth quarter results but still posting its fourth consecutive year of profit, not looking to lose any steam this year the company is unveiling latest models at the chicago auto show. guess what? that is where we find jeff flock there with gm's chief marketing officer, tim mahoney. >> indeed. not to really get away from what, just unveiling but this one i had to show you because that is the black widow corvette that will be driven by scarlett johansson. the name went right out of my head in the new captain america, movie, right. >> debuts april fourth in theaters. >> this is the sexy one. >> this is the workhorse. >> this is the city express unveiled by you.

it's a small van which gets you back into that space. >> absolutely. just designed for places like chicago where you have a small business owner might not need a full-sized van but need it for their business. >> let me look at it. this we know though, so on a day when you release earnings this is a business move right here because this is not made by you. this is a nissan product, right? >> partnership with nissan, absolutely. allows us to participate in a segment we might not be able to nor they, so we cop together and help each other out. >> makes business sense. >> smart business sense and buyers and customers, then we have a full range of products. >> gotcha. if we put the numbers up, 24, 25 miles to the gallon. it has a four-cylinder engine on it. >> yep. >> you haven't announced pricing on it? >> not yet. it will be available later this year. >> they say around 20 grand. i will take a guess. tim doesn't have to con firm that. this is exciting too. we hear so much about natural gas. this is cng vehicle.

>> this is c and g, but bifuel and operates on c and g as well. >> this is silverado truck. heavy-duty configuration. fuel with either one, natural gas, if we putnam members up, natural gas is about 50, 60% cheaper? >> 62% to be precise. cleaner burning and less expensive. >> i would say my other notes on it you can save about $2,000 over the course of a year. you start to get added costs back. >> absolutely. and get environmental responsibility because cng burns cleaner than other fuel. >> with two fuels you get 650-mile range. >> other thing is fully warranted by us, tank, everything, buyers can have it serviced. they don't have to go anywhere for service. >> i go to the chevy dealer to get this serviced. >> exactly. >> tim mahoney, new global marketing chief for chevrolet. natural gas, apparently we have

so much natural gas these days blow it off into the environment because we can't, don't have the infrastructure to capture it all. so that says something good about natural gas prices and a nice van, that is also a nice business play for the company on a day when it released earnings. adam: jeff, thank you very much. working round-the-clock, wall street banks say they are instituting work limits after the tragic deeth of the bank of america intern but are they really doing that? charlie gasparino is here next with some exclusive details. lori: let's take a look at interest rates ahead of tomorrow's january jobs report. with stocks rallying today, bonds are selling off, no surprise, pushing yields back up to 2.69% on the 10-year and the long bond, yield is showing a higher yield at 3.66%. perhaps a sign that the economy is improving. perhaps we get a better jobs report tomorrow. we're back in a short moment. welcome back. how is everything?

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the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i didt!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped sta over 1 million businesses, turning ears into business owners. and we're here to help start yours. >> i'm cheryl casone with your fox business brief. union pacific announcing a dividend increase. the board approved a $3.9 billion capital spending plan. union pacific will acquire 200 new locomotives up from 100 purchased last year. >> shares are up 29% the past 52 weeks. >> the trade deficit widened to

$37 billion. the commerce department said that is 12% increase over november the gap reached its low lowest point since 2009 on strength of exports. u.s. worker productivity rose at 2.3% annual rate in the fourth quarter. the labor department said that is down from 3.6% growth in the fourth quarter. out put per hours of work. that is the latest from fox business, giving you the powee to prosper.

adam: following that tragic death of an intern at, in bank of america's london unit, banks have announced new guidelines that will prevent senior executiies from work their junior employees quite literally to death. or so they say. charlie joins us with exclusive details. >> my producer julie did an amazing job on this story. she did what other reporters did not do.

when the banks said they were setting these new lifestyle guidelines to not make, to prevent these young interns or analysts or associates from working all night and all day, 20 hour-days, and you know, every day of the week, when they announced that, she went and she started interviewing people, doing what other journalists at other publications and other news channels had not done. here is what we found, very little has essentially changed. while there are cosmetic changes, quote, unquote, you don't have to work saturdays or have to ask to work saturdays the reality is far different. you have to work sundays. that saturday you didn't have to work if you were junior employee almost mandatory in the past, those hours are interspersed during the regular work week. they are working just as hard from what we understand, these are from people on the ground. take out the spin from goldman sachs. take out spin from bank of america and citigroup. what julie found talking to multiple people in this, in this category and this is the young

associates, the first-year and intern, they are still working themselves to death, well, not to death. we don't know whether the gentleman from bank of america worked himself to death. adam: right. >> he had an epileptic fit. that raised consciousness about this issue, whether these kids are actually working way too much. and they came out with these guidelines. it is not the case. they are still working very, very hard and very long hours. the story on foxbusiness.com and you get a great run-down. adam: julie does a great job. i will ask a unpopular question. that is tragedy what happened to the young man. >> absolutely. adam: the payoff for those people down the road is tremendous. why not work on sunday? lawyers go through it at entry level? doctors go through it? >> i agree with you. listen, who is shedding tears for kids making $100,000 a year? that is one way to look at it. the other way to look at it the salaries are coming down since the financial crisis. to get, some top candidates are saying, okay, i have to work, a

gazillion hours for goldman sachs. i'm really smart in math. why don't i just go to google? adam: exactly the market is driving their decisions for careers. >> some of this is market-driven and some they're just worried, but the reality is this, the hours are not being cut back. okay? lori: what are typical hours? what is the work week like? we hear the expression bankers hours. >> bankers hours is gone. we should point out that was commercial bankers hours. 9:00 to 5:00. adam: in era of three-martini lunch. lori: i don't want to say what else. >> if you're one of these first-year associates you work 15 hours a day, 18 sometimes. you do work every day. the notion you could have saturdays off seemed like a good idea, right? but, apparently, you still have to work sundays. apparently if you read the story, you know, you're only off on saturday unless there's some, unless there is no deal-specific stuff going on. which means there is always deal-specific stuff so you're

always working saturdays. i think what is good about this story is this. the banks say x. they say we're doing all the great stuff. adam: the banks lied? >> we went out and did what other people didn't. we didn't take them at face value and said what is the reality? nothing has changed. adam: are banks having trouble recruiting talent they need in the future. >> another good question. we arrested that earlier in the year, late last year i should say in a story, i think julie did some of the banks were not getting the best talent. they were find that bank, the associates were failing entry level exams, you know, brokerage exams they need to take. so that is an indication that they're not that, people are going to tech. but, the bigger story here is this. the banks are saying they're being nice. they are not being nice. adam: cue the quote from casablanca, i'm shock, shocked to find gambling here. you're winning sir. >> the story, she did what other journalists, when the story came out it, was huge news.

look, goldman sachs is being so nice. lloyd blankfein saying you don't have to work on saturday. you don't have to work on saturday because you have to work extra on tuesdays. >> fantastic. crediting our production assistant. >> i never take credit for --, now if you steal my story i want to rip your head off but i never take credit for people's stuff. lori: that is really classy. adam: thanks, charlie. lori: let's go ahead to get an update on markets. mark newton of greywolf execution partners joins us from the floor of the new york stock exchange. all right, it seems, mark, we're set up beautifully or the january jobs report tomorrow. or is this a result of other trading mechanisms? is that statement on the jobs report what to expect with yields higher and stocks higher or not? >> a lot of people were surprised to see the extent of the gains today. we've had a decent three-day push, to stocks, former 1765 in futures and 1770 in cash but bounce in treasury yields as well. this is really good correlation. look at euro yen, treasury

yields stocks bounced up to what should be a pretty important level. a lot of people are looking to flatten out ahead of the number knowing it is important. the bar is set low, if it comes real weak we could see a retest of lows. couple things happening. emerging market hitting nine-day lows closing highs ike eem. stabilization in emerging market currencies that have been under real pressure of late. south african rand. good move in emerging markets and retailers. those have been under substantial pressure. those are helping out sectors like consumer discretionary, one. worst performing sectors in january. lori: social media particularly taking it hard today. does that affect sentiment overall, mark? >> no because technology in general has been quite strong. if you look over the past week he can has been one of the best performing sectors. it might be a blip in some. social media stocks. you can't make too much of that in the bigger scheme of things. lori: we showed the universe, apple, microsoft, all trading higher. twitter just to be exact is the

trouble spot today. mark newton, always a pleasure. >> thank you. adam: bringing law enforcement into the future, the new york police department is evaluating using google glass as a crime fighting tool. this is cord together nypd. they're trying out the wearable tech for use in investigations regarding terrorists and also for officers on patrol in the city. spokesperson for google said the company is not working with law enforcement on the project and that the nypd likely acquired the glasses independently through its google glass explorer program. currently a pair of google glass carry as price tag, 1500 bucks. lori: speaking of snow, changes are you have got white stuff on the ground where you live. check out the scene in dallas, texas. where it is headed next. more on that coming up. adam: the also, the struggle to clear the streets. someplaces are using cheese to melt snow. that will cost you a pretty

penny and up as the salt runs out. ♪ [ male announcer ] evenore impressive than the research this man has at his disposal is how he puts it to work for his clients. morning. morning. thks for meeting so early. co on in. [ male annncer ] it's how edward jones makes sense of investing.

lori: well hundreds of thousands of people remain without power after the most recent storm brought snow and heavy ice to much of the midwest and northeast. but as people continue to dig out and temperatures plunge below freezing, more snow is in the forecast. straight to accuweather's heatter waldman with what we can expect next. heather? >> yes, thanks very much, lori. thankfully much quieter today in the eastern u.s. should be fairly calm as we head through tomorrow but more active winter weather going on across the southern plains earlier this

morning. we'll talk about that more in a moment. but first we'll focus on the northeast. a fair bit of sunshine for interior new england, back into central pennsylvania. a few high clouds to deal with. more clouds towards philadelphia but road conditions especially across the turnpike much better as you heard today. hundred of thousands still without power. mother nature is providing a bit of a break. pico says most customers should have their power back by tomorrow night but some could have to wait until sunday. we could see snow until we get this that point. temperatures very cold along the i-95 corridor. 19 in boston. as you head into the interior northeast we're still held into the single digits. we saw six to 12, upwards a foot of snow. that snow pack is making us feel very cold here this afternoon. but the core of the cold still locked over the northern plains. temperatures tonight will plunge 10, 20 degrees below zero. that is dangerous chill.

the cold air sunk far south enough to set off snow showers here. we saw anywhere from two to three inches across the panhandle of texas into oklahoma city and a coating here in dallas and earlier freezing precipitation down into houston. that led to a couple hundred flight cancellations. if you're heading out of the major airports in eastern texas be sure to check ahead. now as we head into tomorrow, a similar scenario is the something up. maybe not as wintry across the panhandle. freezing rain and drizzle into oklahoma and dallas. showers will be here heading into the western gulf. this is an area we head into the weekend. one quick system cut across the ohio valley and across the northeast that will bring nor more of a nuisance snow, a couple inches. these systems fade across the north of new england. they are not looking at a big snow with this system. lori, let's send it back to you.

lori: well it is winter after all. heather, thank you. adam: on the broadcast yesterday we told you about a major salt shortage which is hitting parts of the country. now we're hearing about a surprising ice melting alternative and in some cases it is tasty one too. cheese. some states are actually sprinkling cheese brian and this is not so appetizing but dairy waste products, in effort to melt ice. in wisconsin transportation workers used trucks in part of the state's 140 cheese plants to pick up. >> brian: and dump it on streets. what -- brine. what are the most popular to do this? mozzarella and provo loan. they work best due to high salt contents. what would you pick? do you have a favorite cheese? cheddar? lori: cheesy cheese. walking the dog down the streets lap it right up. adam: that would be bad. lori: that is not a great solution. chain store sales weak for

january. will internet shopping drive brick-and-mortar retailers like jcpenney and radioshack out of business? we have expert panel as tracy byrnes and ashley webster ttke you through the next hour of "markets now." life insurance. but when we start worrying about tomorrow, we miss out on the thin that matter today. ♪ at axa, we fer advice and help you break down your insurance goals into small, mageable steps. because when you plan for tomorrow, it helps you live for today. can we lp you take a small step? for advice, retirement, and life insurance, connect with axa. open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dons of x free zones all across the state. move here, expand here, or start a new business here

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tracy: hey, good afternoon, i'm tracy byrnes. ashley: i'm ashley webster. the bulls are charging. the dow up 137 points on much better than expected job claims report and with some help from europe. so the question is, is the market correction already over? >> chain store sales coming in really week for january. so will internet shopping drive brick-and-mortar retailers like, you know, jcpenney, radioshack, completely out of business? well your tweets and our expert panel is next. ashley: the olympics toothpaste and yogurt, sounds like a question on "jeopardy" but while they may pose real danger to our

athletes as the games begin tomorrow in russia. tracy: new york cops trying out the high-tech glasses to help get the bad guys. that story ahead in our tech minute. ashley: robo cops. this is all seeing, i blew that great line, alls seeing and always informative hour of "markets now." gratings, everyone. tracy: good stuff. time for the stocks. nicole petallides on the floor of the exchange. good day down there, huh? >> indeed. i'm ready for all markets all the time. looking at dow jones industrial average, and we're seeing a gain of nearly 140 points. the dow is up 1%. s&p 500, tech heavy nasdaq very much the same, also higher by about 1%. hopefully you're seeing major averages gaining across the board but i'm still looking at dow still down for the week the key it is above the 200 day moving average. that is good news, back to last week's levels and moving above that 200 day moving average which is very key. the vix, the fear index, taking

a breather as well. that is the environment we're in. we're taking cue from europe which found some firm footing. take a look at twitter. not good news for twitter. twitter to the downside in great fashion. users that were added and growth we've seen from twitter was a disappointment for everybody on wall street. they average 241 million monthly users that was up 2.8%. that was lowest quarter on quarter growth since the company began disclosing its figures. the stock is reacting down dramatically, down 22%. 51.64 for twitter right now. back to you. ashley: nicole, thank you very much. chain store sales coming in weaker than expected in january as shoppers spent less time at the mall. so is internet shopping driving brick-and-mortar retailers like jcpenney and radioshack out of business? your tweets are at the bottom of the screen. we bring in our all-star panel. burt fleckinger, strategic resource group joins us and our

very own liz macdonald. thank you both for being here. burt, let's begin with you. the numbers are not great. how much do we blame the weather on this and how much do we blame retailers not doing good enough job on getting people into their stores? >> you can blame the weather because weather affected 2/3 of shopping. ups and fedex failures, internet got a lot more business. walmart and failed shoppers cutting working capital and not having for sale ittms? stock and forcing shoppers to go online instead of on land. tracy: liz, seems like consumer is still not there. the stuff we're buying are necessities, drugs toothpaste. >> not there in the brick-and-mortar stores? tracy: they're not out there shopping. they're not going to abercrombie & fitch. they're going to walgreens. >> i will take another tack. internet blew up borders and circuit city. where are those companies now? i have another idea. this is something i picked up in

reading and that is that companies overbuilt. these retail stores have too many stores. so the same-store sales, of course they will look weak because they have too many stores. we're seeing building boom circa 1970s still. in germany the per square footage per shopper, three square feet. in the u.s., eight times that, 24 square feet per shopper. what we're talking about these guys are locked into long-term leases for these stores. they need to stop building stores. >> liz is completely correct. there are 400% more retail square footage chasing shoppers in the u.s. -- ashley: with that -- >> a lot of it is walgreens and a lot of it is drugstores. liz's prescient point, when you have too many square feet chasing 250 few shoppers with too too dollars to spend, higher health care cost, higher taxes and higher heating costs something will give. to liz's point, there is too much pressure on shoppers. the stores will have to contract

as liz pointed out. >> that is what radioshack is doing right now. but the thing is, the storyline behind some of these retail names, i'm sorry to jump in. this makes me crazy. they keep building and building and building to kingdom come. the thing with radioshack, the story behind them and company likes mcdonald's. they're real estate play. they're like a reit. they have a great footprint. did they wait too long, burt? is that the story hyped getting too late to dump stores. >> you're completely correct. the ceo of home depot, only built two new stores in the past year. one in bakken shale region and similar area of canada. he is getting 9.9%. best same-store sales increases same in 14 years. better marketing, better media, better connecting consumer communication to drive existing stores. he actually closed some stores to do higher sales per square foot, completely to your point.

so he has the right up in per of stores for expanding shopper base while these others have too many stores for shrinking shopper base. ashley: you know what amazes me, burt, quickly. you make the point chains failed to develop a strong internet sales strategy which is amazing to me. not like it just snuck up on us. this is been here for a long time. why on earth have they fallen behind on the particular issue? >> target made the dumb decision listening to their consultants to let amazon manage target.com. amazon is going to manage it for amazon's zappos. and macy's.com, nordstrom.com, some. best click and collect businesses like jon lewis in the u.k. which has spectacular sales in store and online guys like liz referenced jcpenney didn't invest in e-commerce. they may be filing for bankruptcy. >> sears. >> radio shack could be candidate and sears as you said. >> so tough to see the iconic american brands, right? just nottgetting it right. and not seeing trends coming

down at them, right? >> yeah. tracy: it is overload. you know the shopper doesn't know where to go either. jcpenney does doesn't have the product. radioshack only has batteries, so why am i going there. >> or smartphones. tracy: or dappers. amazing me these stores stayed open as long as they have -- adapters. >> radioshack hat the funny super bowl ad with taking boom boxes. ashley: i thought it was very effective. >> i thought it was effective too. ashley: what do you say on radioshack quickly? i want to get your point. our image is we're old, faded, '80s product. this is pretty effective saying look, we'll revamp and we are now modern. >> radioshack has something in common with penney's as liz pointed out. when the stock drops below $5 a share, danger zone for filing for bankruptcy. look at jcpenney's valentine's day ad. all private label. all house brands and to tracy's point. that is not going to bring people into the stores. so it's a matter of time.

tracy: just because they hired a good ad agency doesn't mean the company knows what to do with itself. ashley: that's true. tracy: we are shopping on the web. we don't have to time to go to the brick and mortars. by me in jersey, there was a bunch of shootings. i didn't want to go. >> that's a goo point. i hate to say, some of these stores, i like to some of stores, walmart or other types of stores, some are so dreary and so drab. they're like soviet union circa 1972. ashley: not pretty. >> not a fun experience. i think shopping is a great american pastime and get it right and cut some of these stores. ashley: what do they do, burt? obviously some things they can do but how do they turn things around? seems to me the landscape is changing rapidly? >> liz is right. get the experience right. look at nordstrom's. service, great product, fashion forward. you look, you look at fast retailing out of japan. you look at h h&m and base being fast fashion. they're doing extremely well.

luxury, tiffany's stays strong. burberry stays strong. the people that have service and have new fashion news just like christian dior did after world war ii and revolutionizing fashion, that type of fashion thought leadership is going to make people go to the stores because there will be things people want to buy. tracy: but isn't it still about discretionary income? consumer electronics were down. toys were down, crazy to me. toys "r" us can't seem to get it straight. people will usually spend anything on their children. >> yeah. tracy: you need discretionary income to go out and buy. >> so interesting you point that out. higher gas prices it will cut into discretionary income. that is not really happening now. we saw good solid consumer spending in the fourth quarter last year. might turn around a little bit right now. ashley: tell you who does the best? kids are not getting toys but pets, pets spend something unbelievable. tracy: you're so right. you're so right. ashley: i don't know what that says about us. >> highest increase last year was pet products, clothing boots

and accessories. ashley: dogs are laughing all the way -- >> 60% increase. ashley: fascinating stuff. burt fleck unger, list mcdonald, thanks as always. -- liz macdonald's. always a great conversation. tracy: lizzie's dogs are well-dressed. just for the record. i've seen pictures. >> your mailman and banker could be one and the sail. rich edson is live in d.c. where the postal service wants to get into the banking business. ashley: space, the final regulatory front tire. that was not even close to william shatner. congressman dana rohrabacher will be beaming in to talk about his bill to keep government regulators out of the private spaceflight business. tracy: from spaceflights to more down-to-earth form of transportation, jeff flock live at the chicago auto show. thank god he is inside. >> look out toyota, look out honda. the accord, camry, that is the new soup ba rue legacy.

look who i have with me? the president of the company. live on the fox business network. stay tuned. we'll be right back.

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we have some breaking news. we are learning that jurors reached a verdict in the insider trading trial of former sac capital employee mathew martoma. we'll bring you that decision of course as soup as we learn it. plus we'll have analysis from our very own charlie gasparino who has been following the case from the very beginning. apparently a verdict is imminent. tracy: all right, subaru unveiling the latest entry into the mid-sized auto market where it will compete with the likes of the toyota camry, the ford fusion and honda accord. jeff flock is standing by at chicago auto show with soup rue president of -- subaru president of america tom doll. >> good jersey boy, tom. who has done better than subaru, tom, that is the latest one. how do you account for the success you've had, five, almost six years running? >> first off, jeff, great to be with you again. we have five successive years of increasing sales.

last two years, have grown 26%. compounded over last five years, almost 18% a year. that includes the year of 2011 when we had the earthquake. >> that to me, that was the capper. buttthis is something that you think, we all know the forrester. we all know -- >> outback. >> outback. but this segment is more sales than any of those right, potentially? >> this mid-sized sedan segment is the largest in the industry. almost 2.2 million cars are sold in the sedan segment. we believe obviously with this new product we've got this is legitimate play another segment. >> segment with the camry. that is the segment with the accord and fusion. this is the new legacy. and, frankly the old leg basy, it was kind of not all that exciting, no offense to you. >> but this is very exciting. when you look at this vehicle, it is all new frrm the ground up. look at the front. it has a real presence tonight. yeah, it does. >> has an athletic stance.

has all wheel drive. best thing is fuel economy and crash test. the safety is supposed to be top-notch. >> before we get away i have to ask you about this economy. tell you a lot of your competitors out there making a lot of cars. for example, some of t cars, like the hybrid cross tech, you can't make them fast enough. a lost competitors are building up cars. inventories are high. >> we're lucky that we are limited in terms of our capacity and how much cars we can produce but on other side of it, this is tremendous. it allows us opportunity to work on branding and make sure customers truly appreciate value in subaru products. >> gotcha. before we get away, viewers a quick look. we'll spin over here with tom, always ask you to run with me. subaru, has increased product, cross tech, the green one. we unveiled that in new york. we have the brz, that blue one which is a nice sports car. >> best handling sport car in the market today. >> very cool.

subaru. can't think of a company, an auto company that has had anymore success of late than subaru. tom doll has only been with the company since 1982. >> '82, you got it. >> i still may have been in college back then. i'm not sure. i think i just got out. had my first job, 1982. he estimate has bottom the same job. tracy: that was crocodile dundee. ashley: the day i moved to the united states. "crocodile dundee". >> decades ago. tracy: it was. so hate me, why don't you, jeff flock. thank you very much. ashley: thank you, jeff. just doing the math. he is still young. that is what i came up with. time to check the markets. nicole petallides on floor of the new york stock exchange, watching those automakers. general motors and ford, nicole. >> keeping a close eye on both of these names that we know so well. both have up arrows today. let's look how they are faring at the moment. gm is up over 1% and ford up

half a percent at the moment. off earlier highs of the day but still winners nonetheless. over 52 weeks both are higher as well. today's news we're following ford, you do have argus who used to really love ford but they lowered their numbers and basically put it to a hold from a buy primarily on the management's disappointing guidance. you have general motors which recently reported a decrease in profit of 13%. nobody wants to see that. strength in north america. china failed to offset the declines in the international markets. gm right now, 35.65. gm over 52 weeks, up 23%. back to you. ashley: nicole, thank you very much. tracy: did you know there's a new victim of identity theft every two seconds in the u.s.? just crazy. kate rogers is ahead with those shocking numbers. ashley: or someone claims to be kate rogers. iphones of the olympics ceremony, why only athletes can snap pictures or video tomorrow

night of the festivities. see how the dollar is moving against foreign currencies today. mostly lower. as you can see the euro, pound, canadian dollar, mexican peso all moving higher against the dollar. the only currency moving lower on our board, the japanese yen. we'll be right back. welco back. how is everything?

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ashley: well breaking news for you. now we have an update. the jury found former sac capital portfolio manager mathew martoma, guilty on all charges 12 jurors, seven women, five men, found martoma guilty on all charges. the prosecution alleged that mathew martoma received confidential results of a clinical drug trial from a doctor overseeing that trial and using that information, that the outcome of that trial was apparently not particularly positive. was able to use that result to cash in their stock ahead of time and therefore not suffer from the corresponding drop in those stocks. tracy: we have charlie gasparino on the phone who has been covering the story. charlie, what do you think of this? >> this was not -- this was expected. there was a little bit after pause yesterday when the jury asked, i think they asked for some stuff from a defense

witness but essentially what they were doing was checking themselves. i mean mathew martoma, in nye view was done the minute he walked into that courtroom a couple weeks ago. the evidence against him was incredibly compelling. the big question here is why he never cooperated with the feds? ashley: yeah. >> you know that their main target throughout this whole thing, particularly this part of their insider trading crackdown was not really mathew martoma. t was steve cohen. mathew martoma had a conversation with steve cohen right before the zach made the question they questioned. they reverse adlong position on two drug stocks and they started going short massively, almost a billion dollars. they did it after mathew martoma talked to a key witness in this case, dr. gilman. he was the doctor who knew about the clinical trials on the two drugs were negative. he talked to martoma. martoma turned around and talked

to cohen and they started selling. the question is why didn't we such an open-and-shut case of incredible evidence, not do what the feds asked him to do multiple, multiple times. that is provide evidence about what steve cohen did or didn't do? now people would say, two-ways of looking at it. people would say, maybe he just didn't have the evidence, so he didn't give it up and chose to fight. that's possible. that means steve cohen didn't do anything wrong either. there is other plausibility. , there is another plausible explanation people believe and i know the feds believe it, that mathew martoma was somewhat delusional. i talked to a prosecutor on the case. why didn't he cooperate? even tell you anything? he really didn't cooperate at all? he likened it to a case he did about early in his career where he had to protect, he had a drug dealer and the drug dealer did not want to admit to his family that he was a drug dealer. so he chose to fight it out.

he was somewhat delusional. he believed that martoma was suffering from the same type of dell lugs. he didn't want to admit to his family, his friends, to anybody that he was a guy that broke the law. ashley: charlie -- >> which he obviously did. ashley: there were reports that fbi agents turned up at his home in florida, he basically fainted on the doorstep. he was aware of what he was facing him. his contention was that the information he received from the doctor with regard to the drug trials was not a whole lot different to a release that was put out earlier as a general news release. i think he felt that he could get away with it or his attorneys could prove that. >> i'm telling you that did not, he has a very, i don't know the conversations he had with his lawyer but i do know his lawyer, richard strausburg, a former prosecutor, he is a very capable lawyer. he in my view leveled with him that he would in all likelihood barring a miracle the way -- i

saw the steinberg, that was other sac capital manager who was found guilty on much less compelling evidence, much less. this is, and you had a witness here. you had sid gilman saying i gave this guy stuff that went public. tracy: charlie, we have a elizabeth nuwiki on the phone, joining us right now. don't go anywhere. stay with us. >> okay. tracy: liz, this makes 79-0, preet bharara's u.s. attorney's insider trading record. this is another feather in his cap. >> this is outstanding, it is not over. there was sentencing to come for martoma. as correctly pointed out marm toma was the fell hoe low was so nervous when the fbi came to his house you almost passed out. this could be a chance he spends the rest of his life behind

bars. there is chance he might turn around and cooperate. >> elizabeth, we agree on this month, he faces upwards of 20 years in jail. the amount of money here is huge. so you know, you think, chances of him going to jail more than 10 years. remember raj rajaratnam spending 11 years in jail. goldberg, another insider trading culprit, doing 10 years or levens years of the those are the long end. mathew martoma could surpass that. here is the thing. and this is question i can't answer and elizabeth needs to answer. is he damaged goods after a guilty verdict? can, does anything that mathew martoma now says about steve cohen who we know is their ultimate target? that came out in court. i wrote a whole book on it. i believe sid gilman said the prosecution made it very very they were looking to make a case against steve cohen. is there anything that martoma says right now that could be taken seriously?

can it be used? because he is in many ways, damaged goods and now -- ashley: that's a good question. >> absolutely. but that is the nature of the beast. really with many cooperating witnesses, right? i see what you're saying. >> right. >> if martoma tries to testify against cohen the obvious defense is, martoma is making things up because he has a dog in the fight. doesn't matter. as we discussed before, there's very little if any, probably no smoking gun evidence against cohen. so martoma, with the jury verdict against him regardless might still be the best possible the government has. >> elizabeth, i'll tell you, i spoke with a lot of prosecutors about that. they say it is highly, highly unusual after being found guilty a guy flips, particularly in a white-collar crime case. they couldn't point to one that happened. i'm just saying if he does i, look, there is a lot of stuff that is unprecedented about insider trading crackdown. the fact that preet bharara, u.s. attorney, who i should point out, this crackdown

particularly the evidence that was gathered on the wiretaps, probably preceded preet bharara getting in office. it was bush administration. it was michael garcia who started this thing off back in 2007, 2008. as you know he left in early 2009. preet bharara took over in late 2009. so the fruits of what michael garcia started got handed to preet. but you got to give preet credit. the case that is have been brought as been extremely solid. there is another side to the story i would say defense attorneys are, you know, would tell you that it's impossible to win these cases, given the sort of class warfare that is going on out there in america, given the fact that you have an administration, white house that is running around, you know, calling people fat cats at every, every five minutes. you know, hard to find an impartial jury. the only problem with that analysis is that, it is so very clear about martoma's guilt in

this thing. i mean, this is my opinion but -- ashley: elizabeth, let me jump in very quickly, to charlie's point, why on earth would martoma take this to the very end here given the kind of evidence that was presented against him? he must have known this before he decided -- did he get bad legal device or just purely arow gant? >> i'm sure he did not get bad legal advice. that would be my impression based on folks he had advising him. charlie's explanation that martoma was a bit delusional and did not want to admit what he had done publicly, that might very well be the right interpretation. >> it is not uncommon, elizabeth. you know probably better than me because you represented people, when you talk to people, in the legal profession there are, these guys are dead to rights, they are nailed, they don't want admit. >> actually also, remember you don't get a $9 million bonus, which is what martoma got by being sort of a, i don't want to say shrinking violet but yeah.

you get a $9 million -- because basically because you have a pretty, a brass pair, shall we say, right? >> not only that -- tracy: but speaking of brass pair, where does steve cohen play in all this? how does this affect him indirectly? >> well he might still be deluding himself, right. >> if he flips that is where he comes in. >> i think that is going to happen. >> i first reported this on the fox business network they still want to flip martoma. my question though is this, is he damaged goods? i get mixed reviews on prosecutors. >> no he is not. even if he is he is the best they have, charlie. >> why roll the dice on a case you're going to lose. ashley: guys, we're out of time. thank you so much for joining us. charlie gasparino, elizabeth, thank you for great insight on mathew martoma verdict guilty on all counts. coming up on next half-hour of "markets now," toothpaste gate.

we'll have up-to-the-minute coverage of problems plaguing the sochi games. tracy: check out the markets. the dow is up 118 points right at session highs. that was great stuff with charlie and elizabeth. don't go anywhere. we've got more. [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the tradg floo in real time. ♪ the sll brought him great fame.

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to bring you, top story of the hour a jury found in former sec capital portfolio manager mathew martoma guilty on all surcharges. his drug trial information, the company was able to short the

stock. as ac capital was find $1.8 billion fall this steve cohen, the head of sacs to allow their, and u... attorney makes his track record 79-0 on insider trading. ashley: pretty gooddrecord. 90 minutes until the close. the down near the highs of the day 167 points. the leader all the way over here, walt disney is very happy in the land of happiness. disney driving the games for the blue chips as you can see. we can get this to come up here, it won't work. the company reporting better than expected first quarter earnings getting a lift from its children's movie frozen and sales of the disney in finnerty video game, stock up 366. nicole petallides at the stock exchange watching session highs

day. nicole: it was up but that is right, seeing the dow jones industrial looking good. 170 points, a gain of 1%. 15,610 led by disney. we are seeing the drug index, the bank index transports oil services seeing gains, it is a great day on wall street. last friday, 15,698. the fact the we have not made up the big loss on monday, 326 points to the downside. bouncing back some but not in positive territory at. let's take a look at green mountain coffee, big news, a big deal with coca-cola moving forward taking that 10% stake in green mountain coffee making the ten year agreement. the companies collaborate on single serve beverages from

coca-cola including carbonated and non carbonated drinks such as tea and juice. soda stream, big moves here. we're watching green mountain. tracy: turning merriman into bank tellers, proposing a new plan that would have post offices provide banking services. rich edson is on capitol hill with the details. >> really good real-estate in every zip code in the country. that is the idea, post office losing $25 billion over the last three years and anyone else showing they could make $9 billion a year by partnering with banks in offering financial services and gaining traction in washington d.c.. elizabeth warren right in the huffington post, quote, of the postal service offered basic banking services, basic bill

paying check cashing and small dollar loans it could provide affordable financial services for underserved families and shore up its own financial footing. some in the banking industry are opposed because they say the post office can't handle banking. >> they are now asking congress and the treasury to bail them out to the tune of $12 billion of taxpayer money so we will let that track record in financial services risk business, a business that thrives on services, being able to attract customers. i don't think so. >> any change the post office makes has to go through congress. the post office has been asking to do different things whether retail, cut saturday delivery and congress has been unable to do so. there's a bill to reform the post office in the house, the senate, both seem somewhat stuck right now.

tracy: i think of men in black every time we talk about the post office, every single time. ashley: could be seeing checks in the mail. tracy: every time. i don't know. rich edson, thank you. ashley: mathew martoma found guilty. we will tell you what u.s. attorney is saying about the conviction next. tracy: of all things toothpaste and yogurt. we will tell you why they could pose problems for our athletes after the sochi olympic games. bad rap everywhere. we will be right back. [ telephone rings ] [ shirley ] edwa jones this is shirley eaking. how may i help you? oh hey, neill, how areou? how was the trip? [ male announcer ] with nearly 7 million vestors... [ 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.

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common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron. >> good afternoon, a jury found former sec capital portfolio manager mathew martoma guilty on all insider-trading charges. he was convicted of his role in two illegal trades in two pharmaceutical companies that helped sac avoid losses of $276 million. lighthouse is saying we remain optimistic on an immigration deal despite house speaker john boehner saying it would be difficult to pass immigration legislation this year setting distrust among conservatives that the president will enforce any new law. sony selling its pc business, cutting its annual outlook to a loss, it expects to lose

$1.1 billion in the full year through march, sony cutting 5,000 jobs. that is the latest from the fox business network giving you the power to prosper.

ashley: the latest on the top story of the hour, a jury unanimously finding former portfolio manager mathew martoma guilty on all charges, it marks the eighth insider trading conviction of a current or former as ac capital employee. u.s. attorney saying he, quote, bought the answer sheet before the exam. fox business reached out to sac capital but the firm declined to comment on the conviction. tracy: homeland seccrity issuing

warnings for flights to sochi to be on the lookout for toothpaste tubes. jonathan hunt is in the newsroom with the details. really? >> this is a serious warning from u.s. officials. they are telling all airline carriers with direct flights to russia to be on the lookout for toothpaste tubes and small tubes of any kind of moisturizing lotion. they believe explosives could be packed into those tubes by terrorists. one of their reasons for thinking about this would seem to be a 2004 attack on two airliners in russia brought down both planes. in both of those cases it was believed one of the so-called black widow terrorists smuggled explosives on in tubs of hand cream. nonetheless co-ceo of the u.s. olympic committee said today he is comfortable with all of the precautions being taken as the games get underway.

listen here. >> we worked closely with our state department, state department is in close contact with local authorities and we react to situations as they are rise but we also have a lot of planning exercises in advance and these games are no different than any other games in that respect. >> opening ceremonies get underway tomorrow but the games themselves of already begun. spectators lined up to date for the opening event, the slopes style snowboarding event. the u.s. legend and place gold medalist in the olympics sean whyte dropped out of that event yesterday because he had some concerns over the safety of the course. u.s. spectators who traveled to see him disappointed but still excited over all. >> i want everyone to enjoy the games. unfortunately he is not going to play but rooting for them.

you know? go usa. >> do you s.a. indeed even if i say that with a funny accent. tracy: we love you for its still. ashley: nothing funny about it at all. ashley: yogurt held a culture clash. the russian governnent is blocking the shipment of 5,000 containers of yogurt bound for the u.s. olympic team. the greek yogurt is sitting in limbo in cold storage near newark liberty international airport. i can think of better places. the yogurt cannot enter russia because americans have not submitted the proper paper work. the u.s. says the certification required by the russians would be impossible to obtain. you good promoting politicians in new york and washington expressing outrage that american athletes could be deprived of a protein rich foods that had been

a part of their training regimen. we will continue to follow this all-important yogurtgate story for you. tracy: it is a little bizarre. or is it just russia? tracy: they thought they were going to knock out of the park with this yogurt thing. all i can eat. ashley: load up the back of the pablo tracy: time for stocks. major averages near session highs on the floor of the exchange, martin joining us up 162. are you happy about this or not buying it? >> definitely happy about it but not sure if it continues. the numbers very strong, sharp 3 day rally in to this number tomorrow everybody is watching, a lot of people not really convinced yet. you want to see more signs of stabilization, equities get much higher. we are seeing convincing moves in emerging markets finally, a little stabilization in the currency is important when you see things like the turkish leader rallying and iran and

hungarian and those are good because they have been declining and obviously to destabilization is positive. i will mention materials are one of the better performing sectors behind technology due to a lot of the movement in commodities, something we haven't talked about much that the cc i index is the highest level since september breaking nearly a two year downtrend so that could be very bullish for a lot of companies that coincide well with commodities particularly the ads in recent days showing signs of lifting. that is one part of the market that is acting well but everyone is looking forward to tomorrow and we can beat by a statistically significant number in a way that will help stocks to get a lot higher and the race declines. tracy: thank you as always. ashley: the turkish lira is having a better day. tracy: really. coming up in tech minutes,

agreeing google glass as a controlled full, better look out. could be busted by glass. ashley: take a look at today's when years, the dow up 162 points. we will be right back. i ke prilosec otc each morni for my frequent heartburn. zero heartburn. becat wohoo! [ male announcer ] prilosec otc is the number one doctor rommended frequent heartburn medicine for 8 straight years. one pill each morning. 24 hours. zero heartburn. sometimes they just drop in. always obvious. cme group cahelp you navigate risks and capture opportunities.

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tracy: breaking news, u.s. attorney scoring the perfect record on insider-trading guilty pleas, former sec capital portfolio manager mathew martoma becoming the 79 person convicted in the last four years. the jury unanimously finding him guilty on all charges of conspiracy and securities fraud and the eighth insider trading conviction of a current or former as they see capital

employee. ashley: amazon gets its game john, retailing purchase of video-gamemaker double helix for an undisclosed amount of money, another step in recent efforts to bolster a presence in their software market. other possibilities for the acquisition would be amazon to have a set sought box with gaming capabilities. amazon retaining double helix's 75 employee shares of amazon up over 32% in the last year and today also movinn hire. in sochi olympic athletes being told they cannot use apple iphones during the opening ceremonies. samsung, an official olympic sponsor, has banned all other logos from being seen on camera. his athletes don't want to break out the old duct tape to cover the famous apple symbol on the back of their smart phones. no worries, samsung is putting

galaxy notes in their welcome back. parents of athletes, did the tories and other guests are not required to obey that smart phone and. being a little clearer, new york's finest testing out google glass for cops on patrol. the ny beeper just a few of the $1,500 gadgets to see if they have any value in investigations. google's current developer policy doesn't authorize facial recognition apps, it could be a future application for google glass. recently support for prescription lenses was added to the gadget which is set to go on sale to the american public later this year. you can see the man on the street, not cheap but we will see. tracy: coming up on "countdown to the closing bell" a lot of start ups being discovered and snapped up by the big guys but not about me. the online identity site bbught itself back saying we can do better on our own and it seems to be proving itself right. co-founders of about me.

we will talk to liz about life without aol and how they are growing leaps and bounds, fox business exclusive, the dow is up 165 points. don't go anywhere. welcome back. how is everything?

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the closest that prosecutors have come to link the rampant illegal trading at sbc capital they're still trying to get steve cohen and mathew martoma former employer. he has not been charged with any wrongdoing but the firm was found guilty we will have much more on this developing story. charlie gasparino just sat down and will speak with us in a second. twitter. dropping 22% write-down week told to about the slowing user growth as it cannot with its numbers but today the stock is punished brutally about down to percentage is only increased with its losses now we head to nicole petallides at new york stock exchange. >> right to own. a tough day today and $51 and change a law was point was $50 even receive the down