dagen: i am not watching bob costas until his eye infection clears up. blinking that i. before it is contagious through the television. dagen: that is the big in yucca. thank you so much. in january, still lovely week. investors seem to be thinking that the federal reserve will ride to the rescue. a a well changing its retirement benefits blaming higher health-care costs and two distressed babies. the eyes of the world falling on russia as the winter olympics kick off in sochi, so do renewed security concerns. toyota aiming high with a new lineup of off-road pickup trucks. any reason to talk about trucks. that is coming up this our. connell mcshane, markets now.

connell: have the jobs they fight don't see you. it is jobs they, something to focus on. economy as he sees it. nicole petallides is quite a report. nicole: a tough week on wall street. 326 points, did i did the dow jones industrial average up 48 points despite fewer jobs than we were anticipating. the dallas 48 points, gain of 1%. it is a 0.3%, the fear index taking a little bit of a breather. you see all the sectors we followed closely, transport and drug stocks and bank stocks without arrows for the most part. wanted to take a look at linkedin, a different picture and this is a down arrow down

7.5% trading at 20664 and that is because they came out with a disappointing forecast. this tumble the market for linkedin because nobody anticipated that. the social networking site, they delivered revenue forecasts that were well short of wall street expectations. connell: the jobs number giving us the latest polls on the economy. 113,000 jobs added last month. that number 113,000 was short of the street estimates. unemployment did tick lower, 6.6% unemployment. we bring now from wheaton, ill. brian was very, chief economist talking about -- i saw you on twitter, how you described the economy. plow horse economy. there is the bell. is the horse still plowing? what did you make of the report? >> the horse is still plowing.

i am going to enter a plow horse bobsled team in the olympics here and maybe it will run against jamaica but the bottom line is we have had 47 months in a row of private sector job growth. what is interesting about this is i think about the last 47 months and these numbers are not blockbuster. we are looking at 175,000 to average over the last four years. this is a plow horse. $350,000 a month. the economy is growing in spite of government mistakes and these last two months, december and january, they were weaker than expected, weaker than average but we all know the winter weather has been awful. liz: you are talking the battle days. does that mean it is never

coming that? rate for xample in the latest month, 63%. huge deal, 62.8%. per the levels were not seen since 1978. . it is, a long-term short. i will never getting back to where we were? >> the labor force participation rate, we have to remember three famous, the baby boomers have hit 65 so the population age 65 and older is growing 4% a year and the population right now is only growing 1% year. just an aging population, fewer people on the labour force. there are more people in college today. when i was in college i had a

job. kids in college these days don't work like i used to when i went to college. finally, we have generous benefits for non work right now. whether it be unemployment benefits or welfare or food stamps or all those things and that encourages lots of people to be out of the labour force as well. to get the labor force backup we have to shrink the size of the government. otherwise we will be like france which has had 8% or more unemployment rate for 30 years. we know how to get out of it. connell: relatively optimistic in terms of the economy versus your peers and where you articulate your views on the economy but doesn't mean you are supportive necessarily of the political policies, you are more you think some changes could be even better. not as bad as some people by saying. >>

stuart: 4% growth, 350,000 jobs, and, we have got to shrink the size of the government. one of the problems that i have relating to other economists, i don't have a political constituency. i am not trying to make republicans happy or democrats have been. my constituency is the investor who. over the last four years, government has been too big, it hurt the economy, it hurt growth but on the other side we have a entrepreneurs and new technologies, fracking and the clout and all that stuff that boosted profits and when you combine those we seek out an economy good for investors. connell: speaking of investors are you worried about the jumpiness in the markets lately? how concerned are you? >> not really. we went a long time without a correction. we haven't had an official 10%

correction here but these kinds of things, up it is still undervalued. generating more corporate profits than ever generated in its history but i don't see that changing. we are overwhelming and growing in spite of bad government policy. connell: stay on the horse as we always joke around. there is. good luck. the jamaicans. chairman and ceo tim armstrong on a conference call with employees actually blame for rising health-care costs for the decision at a o l to cut that company's 401(k) plan. dagen: he went farther than that but aol is the latest company to cut benefits or change their health care the way it is delivered. targets that will stop offering health care to part-time employees. they can go on to the obamacare

exchange. ups dropping coverage for some employees's houses because of obamacare. wall street journal's editorial page assistant editor james freeman. good to see you. armstrong from aol. one thing he blamed was higher health care costs because of obamacare. two distressed babies cost the company each million dollars in health care coverage. charles: not sure that was a real morale booster. >> the company signaling out specific things, they had higher costs that year. the obamacare thing is more evidence the collateral damage of this law is beyond what people expected. big companies were supposed to be sort of largely insulated because they have their risk plans, thought they were winning under obamacare. they are seeing most -- the

insurers getting pressured now doctors and networks, the intent of obamacare and we have seen 7 million, he didn't break out but there are a lot of taxes and fees and regulations so it is a cost. connell: we knew they were in there so shouldn't have been a big surprise. >> talking about all the property used to sell this law. it was going to bent the cost curve. it was going to do much more for the uninsured and they are not beating expectations on the uninsured whether it was medicaid -- dagen: people did believe that their insurance largely wouldn't change, they would have access to the same doctor, they could keep their plans and not change, they dramatically higher premiums, that is changing across the board. >> that was the central consumer fraud in the marketing of this law that people could keep the plans that they like and that is

why as they see how narrow these networks are, how few doctors, how few hospitals, how little choice patients are going to have in the exchange plans now you are getting a push back with the government, a political frenzy now trying to pressure insurers to offer more but you blow up the technology quicker. connell: i wonder if more companies will do what aol did, cut the 401(k) plan which was a decision the ceo makes versus pass on these costs directly. how will companies look for the best way for the ceo to handle this? >> he does need some media training and work on how he expresses things. dagen: like you are mad about your match chain, we will blame those two mothers, tell who they are. >> not the way to go. in terms of the substance of is for the 401(k) you have to g wait until the end of the year to get the employer mac instead of getting it each month with a lot of people do.

dagen: a company does not have to match period. >> this is not that draconian a step. any employee would like to get that match every month, but saying i don't want to pay people who leave in the middle of the year, he is not destroying the opportunity to invest or build wealth. dagen: one more rude awakening, in 2018 attacks on cadillac insurance plans kicks in, 40%. hello, unions, it is going to hit those very lucrative luxurious health plans a lot of -- >> i never understood why union signed onto obamacare. a general sense that there would be a payback, that they would get the ability to organize more health-care workers but i don't sing it is working out the demand huge costs are on the horizon. connell: thank you, appreciate it. dagen: the chinese with a new idea to deal with the intense fog that smothers the city.

put sprinklers on skyscrapers. connell: ending -- dagen: i don't want water hitting me on the head. connell: credit card transactions, we will tell you about it. dagen: new york -- connell: not a sprinkler. dagen: the never-ending saga in sochi, security, the water, the yellow water, the restrooms, side by side toilets, sleeping arrangements, no pillows, no shower curtains. i you being spied on if you are there? [ male announcer ] a body at rest tends to stay at rest...

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or trouble breathing. tell your doctor your medical history. and ask your doctor about celebrex. for a body in motion. dagen: shares of mack division hitting a new high. nicole petallides has the latest. nicole: a new high, $19.95. you can think of names like sky

liners, they are hot with kids, hot with video game players and the stock is demonstrating 14.5% at the moment. we have seen results topping analysts' expectations of. profits fell 51% but other areas becoming better than analysts expected and expects strong results of this year. haven't expanded much on what they have been doing in 2014, the same names within the same series for call of duty and skyland, i will buy those for folks in my home because that is what everybody wants. they started to beat the st. 52 weeks, a 40%. connell: china about to rain on the solution problem. and suggesting the country place large sprinklers on the outside

of skyscrapers, such toxins out of the atmosphere which as you can see. basically artificial rain to catch the pollution particles and bring them to the ground and their assigned to the crew of the plan will work, the country knows it -- there's no proof that will work, and spend a trillion dollars to combat a serious pollution problem. dagen: major credit-card companies announcing a switch to do away with swiping and signin% for transactions. according to the wall street journal starting october of 2014 consumers will insert their cards into a slot and enter a pin number with no signing necessary. they will contain microchips for security, most of the globe has adopted the system. the u.s. is the last market to have customers white and sign once the switch takes place, it will be harder for a tax like the recent breach at targets to

happen. i told you about the woman at the post office. connell: tell us again. dagen: yesterday you had to sign that and check my signature against the card, and that signature shows you have an attitude. welcome to the postal service. connell: want to wish you a happy debt ceiling day. the treasury taking extraordinary measures to pay the bills to the end of the month. congress out of session. dagen: the opening ceremonies kickoff in so cheap. latest on the growing worries and world currencies.

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>> 22 minutes past the hour, your fox news minute. the state department accusing russia of reaching in new low after a taped conversation between assistant secretary of state victoria noon was leaked and coasted to useto. in it uses choice words for the european union while reportedly talking to the u.s. ambassador of ukraine about the tense political situation in the country. syria is making good on the to evacuate civilians and hamas. hand the 3 years award. and in bosnia today. they're using rubber bullets and tear gas in the capital city of

sarajevo. and the economic situation, the unemployment rate sits at 40%. the conflict are the worst since the end of the bosnian war. those are your latest hhadlines on fox. die and jamie colby. dagen: our nation hitting the debt ceiling today leaving the treasury department to scramble to pay their bills and hope congress can work out a deal. connell: in washington d.c. rich edson. rich: an extraordinary time in washington, the treasury department deploy in extraordinary measures to keep the federal government from reaching the debt ceiling. jack lew says congress has until the end of the month to raise the debt ceiling. fox business reported earlier this week that house republican leadership center host of ideas to attach to a debt limit increase, none were popular enough to pass the house so it appears republicans may relent.

>> neither party wants to turn to a crisis that we have seen in previous iterations of the debt ceiling. if you are a republican you want to be seen as competent and do the basic fundamental jobs of congress, one of which is raising the debt ceiling. leaders just want this to go away. it is not entirely evident how that goes away but ultimately it will be increased before the end of the month deadline. connell: house leadership is still trying to figure out what they can attach to a debt ceiling increase. other republican aides acknowledge they have run out of ideas and no house republicans have never passed and increasing the debt ceiling under president obama without democrats' votes. house has been in for some of next week before taking off the following week and lawmakers will be back in town for the last week of february when treasury says it runs out of those extraordinary measures. seven legislative days left in the house before we get that data. treasury says it can no longer keep us under the debt ceiling.

connell: thanks very much. dagen: more security concerns around winter olympics in sochi. secretary of defense k. t. mcfarland coming. connell: pinball is that, business is booming, the world's biggest pinball machinemaker, jeff flock is talking to the man who kept the game back from the brink, still ahead. welcome back. how is everything?

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>> talking about the olympics but first trying to get through the of all the tile week's first and nicole

petallides has some of the first of. >> i have some of the new highs but look at netflix looking at stocks that are at the 52-week highs or the all-time high. there is some doubt narrows but they did hit highs. riley also hit a high as well. netflix in the burger king -- to burger king also wynn. we saw twitter down almost 20 percent it is gaining back some of that up to five 5% to 30 was 16% higher for the week giving back thoseins ap nearly 14% as day clock skidmore hotel stays and flight bookings.

dagen: this ochi olympic opening ceremonies on right now fits esa has banned all liquids on direct flights between u.s. and russia spinach '08 on the phone and also here in the studio former assistant deputy secretary but our thing is over there with security and your observations? to make things are pretty hectic, everywhere you look look, going down the freeway every quarter mile a policeman and even trying to move around the cluster is lockdown. dagen: and what about the conditions of the hotel where you stay? we have seen so many horrible photos. did they really not have things together?

>> we are pretty blessed where we are saying that i went skateboarding around town i just took photos of buildings that have stickers on the walls or boxes, no furniture, and no clout in the tiles i hope people did not have that plays booked. [laughter] connell: it is funny to raise certain extent but then were they ready and what should we be worried about? mac sochi is a completely made this city in the last couple of years. i met with the deputy prime minister before christmas and he said be spent tens of billions of dollars to recreate the new plays. but it is also the shakedown so i am not surprised. but the security inside the "ring of steel" every couple

of feet another checkpoint the problem i have had all along is that russia is a big country ian the chechen terrorists can move freely they added tax and moscow human dead 30 bomb planted 20 years ago. they had a tax it is not sochi but i am particularly concerned after the olympics dagen: what about the carry on liquids with the flights? to make that sounds like they probably had some actionable intelligence that they got a tip this is a potential attack not just what do we do to make people feel better? connell: they will tell us afterwards. andy finch are you coming home or are you traveling to see other parts of russia? and some cities he will go someplace else.

what are you doing afterwards? >> it is an opportunity so look around i have a newborn i am excited to get back to my family. dagen: i wanted to follow up about the russians spying on people and i know it was the same as a deputy prime minister who oversees security he seemed to slip up to the "wall street journal" that what they saw in an end showers one dash in the showers then backtracked. [laughter] >>. connell: don't tell teenineteteeninete en this. [laughter] >> in russia and country are not spying? of less you are completely off the grid if you have a

cell phone is a personal tracking device. with the russians there was the time-honored tradition 30 years ago the hot water did not work he would say very loudly my hot water does not work then they are knocking at the door saying that they thought it would fix things 51 that kind of made me excited. [laughter] connell: the state department released that whistle oldest by craft. dagen: that's it is old school. >> from the cold war. dagen: you competed against sean why a and dropped out of slopes style and cold shoulder from canadian competitors to people like

sean whyte? >> it is love-hate relationship you have to love the attention and the opportunity he has created but at the same time he is on his own program olmos not part of the community. for good reason, he competes on a whole different level but there is always that anb you get. for the canadian writers they were bombed they did not get to beat shaun white not he was scared to get beat or injury coming its it is unfortunate they were looking to have the title that i beat shaun white. dagen: i hope it is good for the sake of everybody. andy finch. >> the thing to watch with

the opening ceremonies his girlfriend will light the torch. dagen: a very flexible or rhythmic gymnasts. connell: isn't that happening right now? dagen: but it is happening right now. >> factitious insiders' stock he doesn't have the bow talk san the facelift for nothing. dagen: i love that you are talking about her flexibility. [laughter] just a little salty this morning. [laughter] connell: we like that. toyota in gary will talk about that. >> after a rough winter more than one dozen states are staring at a possible rock salt shortage.

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with your fox business brief for the second consecutive month u.s. employers added only 130,000 jobs in january far below the 185,000 predicted. the employer rate fell at six with 6 percent the lowest since october 2008. apple has repurchased $40 billion of its own stock since the reported disappointing results. over the last will months and has bought back over $40 billion of its own shares. investors to a $28.3 billion out of stock funds the report found bond funds at the holding u.s. treasurys had a $16 billion inflow of new cash it was the biggest since august 2011. this is the latest from fox business, giving you the power to prosper. [ female announcer ] o are we? we are thinkers. the job jugglers.

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of. dagen: toyota going off-road when the tundra to coal mine as she unveiled the 2014 auto show. trying to play a toyota in chevy trying to play catch-up spee mcfadyen is the extreme off-road high-performance truck saying 10 or 12,000 per year but as far as niche performance tracks are concerned it is huge so now with the third do a series they run the nascar team with lifted suspensions of the signature color is orange just like the rafter.

dagen: they have different suspension oils with the off-road trucks versus the standard tacoma's. >> the springs are softer the tempers are better for off-road performance. they have scant plates a and exhaust systems and then aggressive body kits. dagen: how do they drive "on the road"? >> we did go on that little trail i like the rafter it is a little bouncy but good on the road surprisingly i imagine there would be similar in. >> but the grill the toyota logo is more prominent civic the others don't have that with the offender's those parts are different as well with the we are quarter

panels. also to see the car in front of the club that will impress you. >> what about chevrolet? >> chevrolet in itself is not but the company that does corvette work and failed a total play off the rapture but to a basically i think it says death. [laughter] >> it looks like it could tear up the desert as well. it is the incredible our underperformance. they do a lot of work for security forces. they don't like to talk about it but this is there first serious performance vehicle to one lead about the for dash 450 versus the standard package? >> it is at 45 but it is trimmed out nicely with

better interior as well. it is upscale. not the highest but it is definitely up there but it is more focused on the performance side of the same thing with the othees that have interior tweets as well dagen: we well. we will talk to you soon. >> their reaction to the jobs report from seaport's securities and we are at the new york stock exchange now the dow is up 74. >> at first glance, not hitting the expected number of 85,000, it took over but then reality set in in the uptick of 113,000 jobs mostly from the private sector is a slam dunk and a bullish for the market. we should be rooting against government job growth than rooting for the private sector that is what bodes well.

connell: not that the fed would be more accommodative? >> if the fed has detail they're looking for 6.five unemployment the trend is still there so as we get at 6.five to stop the buyback is and hopefully they will stay with that. but it indicates they will continue oho to do that and it is not overheating with inflation. connell: as always. thank you from new york stock exchange. dagen: all of this snow blanketing the majority of the united states leaving a dozen states dangerously low on salt. connell: in briard in

redmond utah with the story. >>. >> we are at redman and mineral salt mine i am surrounded by 200,000 tons of inventory. this is good stuff the minerals makes this so good it will actually work at 0 degrees fahrenheit "on the road" to the supply rock salt to 20 different states west of the mississippi it is all the supplies from the east it is getting used a huge red and says it cannot get the supply to where it is needed fast enough. >> right now there is a real shortage of rail cars and the infrastructure to get that volume. these customers are looking for tens of thousands of product and that becomes a challenge to ship that a

truckload at a time. >> id wisconsin they are just turning to get some of their supply replenished but every time this knows, assault also has to hit the highway in the the road or eight gets selachian it is dangerous but when the highways are shut down that also impacts commerce sometimes nastily and a major hit tuesday economy. that is why so many places are desperate. >> people are even delaying or faxing, telephoning in the way they can get the order. call or mail the orders just keep coming and we are overwhelmed. there is not enough material to take care of the population. >> but actually there is not a shortage but the supply is

sucked up in places it i to ref. so they just have to wait to use alternative that says they are trying shirker based but nothing really works as well as the stuff behind me. connell: interesting. there has been a big problem here. dagen: pin ball bouncing back after taking a dip during the recession. connell: gave on jeff flock is reporting from the headquarters of the largest pinball maker. >> prefecture in jobs live in the united states there will be back exclusively with the man who saved pinball. right here on fox business network. hi, are we still on for tomorrow?

tomorrow. quick look at the weather. nice day, beautiful tomorrow. morrow 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 gallon of fuel. what a day. can't wait til tomorrow.

connell: 10 and all the industry is bouncing back from pinball so much that the largest maker of the iconic game says business has threefold since 2008. dagen: and jeff flock is live in and if you play you know, what company i am talking about. >> stern pinball the only big manufacturer of pinball machines left in the world. you are looking at manufacturing jobs going strong. people thought this was dying but you brought the pinball machine back. it was touch and go. >> with the economy was touch and go but we also think it is important that pinball is the fabric of life.

we have to keep going. >> it is very complicated. up close and personal and very labor intensive. we had a renaissance over the last four or five years in manufacturing jobs. it used to me they were huge but we are way down. >> i don't know with all manufacturing that we are coming back companies are moving jobs back from offshore to the united states. we never left. we're very proud to lease the american manufacturers of. >> you have competition these are the old-fashioned real pinball machines but you also have tablets that try to simulate. >> with the smart phone certainly there is a place for that but it is not real pinball.

a computer tells it what you do we have the randomize are called the pinball. >> is live for real dumb action. >> the man who really 40,000 square feet of manufacturing and looking up close and personal does this even work? it is complicated. dagen: i am terrible at it but i love it. >> i don't even understand it. connell: she just the and set the machine. thank you. >> the jobs report was weaker than expected but not enough to drag down the stock so cheryl cassone will take you through the next report in the latest report

of controversy coming out of sochi. ♪ [ cellphones beeping ] ♪ [ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors. good, good. good over $700 billion dollars in assets under care. let me just put this away. [ male announcer ] how did edward jones get so big? could you teach kids that trick? [ male announcer ] by not acting that way. ok, st quarter... [ male announcer ] it's how edward jones makes sense of investing. ♪

>> in the month of january the white house does the north carolina rory. i am sure all cassone to go through the next hour of "markets now." the economy added fewer jobs asking questions of u.s. growth was losing momentum despite that holding solid gains but the dow could be headed for the third straight losing weekend the top strategist how to play the market a and thousands without power today's retailers feel the freeze the national retail federation will tell us how

stores are hoping to heat up sales quickly all this and more in the next hour of "markets now." >> the dow was up 101 points although we did miss the estimates on the job report a big surprise with the january employment numbers and peeer barnes is standing by. >> economists were expecting a big pop and a big provision for the zero week number in december and they got neither. 113,000 nonfarm payroll number much less than the estimate of 185. of the employing their rate down at six insects -- 6.

6.six% a and for december a revision in up of 1,000 jobs 74,000 in december was 75,000 people think that was weather related but for the weather and january number the white house does not think there are any. the president's chief economist in this morning. >> we don't the cells were recorded in any big way for the survey it was during the week that was unusually warm >> as evidence he looks at the sectors that added jobs construction had of big pop last month other sectors include professional and business services up 36,000 legion and hospitality

24,000 and in total 142,000 private sector jobs created last month but government cutting 29,000 but republicans criticizing these numbers as the majority leader of the house republicans eric kanter said america does not work if americans are now working. said underscores there is a real crisis for the chronically unemployed what does this mean for the fed? does it taper the taper? cheryl: i will steal the blind. -- that line but first let's go over to nicole petallides at new york stock exchange how much of the discussion on the floor today is about the fed and how they may react?

>> it is interesting. people say the jobs report was taken in stride with fewer jobs than anticipated with the unemployment rate. improving just slightly. the overall idea steve jobs picture is still weak and that is the economy. for those who cannot find it or the jobs who have more hours. but that being said imi to markets. they are moving the major indices into positive territory. not the wrestle or the small cap but the majors. so is teosinte and the nasdaq 0.'02 so right

through the closing bell it is obviously still lower for the year in the small cap is under pressure. cheryl: lucky at the year to date number. she is also wearing red today. from argy capital markets good to see you again you put this as much ado about nothing you are still bullish overall. why? >> let's just back up we are not bullish on the backdrop we have a fairly modest you on economic activity that is slightly below consensus. but specifically with the payroll report the number is withhn the standard error on

any given month. so if you print would lead to 42,000 jobs, that is 40,000 shy than what that tells us is what are the wage gains? they are fairly constructive when they think of the economic forecast what is more compelling is the 100th 37 million people have just the gain that is more compelling than missing job growth. cheryl: but the concern is the fact that because survey was taken but the bid question mark of course, was the january fact talking weather construction jobs it was

nice to see 40,000 but we get that revision to the downside. >> it is totally unreasonable to think. so let's see what the weather looks like an lucky that the forecasts now looks like it is clear whether but let's take a different approach. we saw of this gain in construction and jobs but what else? outside the clan of retail jobs averaging 30,000 or 40,000. then we see a decline of 15,000. so you will see a payback for the decline that we saw here that would offset that payback so getting involved hall is that number compared to the trend?

cheryl: another issue that you bring up is that he emerging-market its talk about that trade relationship. looking at $318 billion trade deficit with china and anr you. >> here are some things to think about with of pmi at least a few believe the headlines chinese bmi has been solved so it is not news what is happening out of china in particular. u.s. economy has been dealing with the relatively weak so it is part of the broader landscape been general. to have a steady vigil stress index the cousin of

the of volatility of the equity market but what is happening is in the interbank market? it has not risen whatsoever is one of the classic transfer mechanisms from a crisis prospective. cheryl: david you turn be around a a little bit but it is so little better than next month. of big report today. >> next guest feels the fears are overblown that capital advisers portfolio manager joining in the front amanda talk bout that trade deficit but to are not concerned about the burgeoning markets.

when we had our day sell-off have those fears gone away? >> has cited some of the to a certain extent the level of urgency some of the issues from the energy markets a lot of that coincided with the storytelling of long economic leaders around a campfire. go story. >>. cheryl: that is usually market-moving to focus on this it is down 5.2% you cannot ignore it there seems to be some reason for the sell-off does the market turn itself around? will live be the of said for

the over selling? >> of a day like today is very telling watch the bond market with the disappointing a marked a. i was so for that to begin to diminish we are closer at 180,000 on the payroll figure but of whispered member is sitting north of with a 50 it is where extra tissues have become very low -- expectations has been very low that is the slowdown of the story for three years. it is still a good story when you combine that in the united states. cheryl: what about the traditional bond market to?

>> the 10 year rally at 16 or 270 it is a place for the fixed-income. real soap to particular areas in our view that are more interesting was construction in the one area to see growth. cheryl: 48,000 jobs. >> that continues to make sense in this time of disciplined team figures that we believe will refers. as the data is momentum filled but even if the time of relative softness policy is to read quite well. cheryl: a very good point. so they stay where they are the rest of the gear. think you.

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cheryl: agin 89 points with the mass of the jobs number the and obliterate -- with the point but i will assure you this again most of the red. the impact is five points with the at goldman sachs

look at apple that had a big buyback. there is the stock. this is important because this is what carl icahn wanted the company to do. if you are the apple shareholder you have benefited. up of the gain of almost '02%. let's bring nicole petallides from new york stock exchange looking at the fair way recent ipo? >> it is one to watch because it is to the downside it had the base ipo over $20 in july last summer but now is to the down side. down 29%.

the ceo is going to retire he has been with the company 15 years he transition's the company from a small family business obviously iconic in the tri-state area for billions of customers but that being said acog and is under way. also sales numbers were weaker because of the shorter holiday period. so with those operations so william stanford will step in to serve as the interim until the company can find a replacement. cheryl: nicole petallides. >> wine and russian officials says sochi'' of hotels have surveillance cameras in the showers. the deputy prime minister in charge of the olympics says we have surveillance video from the hotel that shows

people turn on the shower to direct the nozzle at the after the whole day.room later he later denied that comment. it was to monitor during construction but now they are in the guest rooms or the bathrooms if you can get a room by the way. colorado parade began a lot of dough from sales of marijuana but you baby surprised how much just for the month of jittery. but the federal government will default on its bills by february as congress stances of the dance sealock -- of the debt ceiling. brackets now. fox business. ♪

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>> 22 minutes past the hour with your fox news minute the state department accuses russia of reaching a new low

after a taped conversation between the assistant secretary of state was leaked and posted to you to use seed choiceewords while talking to the u.s. ambassador to the ukraine but with the tense political situation in that country. syria is making good to evacuate civilians. the government bussing dozens of citizens from the city to raise a for location as part of the first-aid of a three-- unitarian cease-fire it is one of a hardest-hit areas of the civil war. utility crews are on the east coast still struggling to restore electricity after the ice storm that downed power lines and trees. hundreds of thousands of folks still without power in a bid has been today's there is not much to lighten up inside but the freezing temperatures are expected to

receive through the weekend. stay warm and safe. cheryl: you can see that the graphic trying to make money with charles paid he has a technology sector pick anything technology. >> if you see those dollar bills. [laughter] however discover this company when the target scandal broke out. they make the chips on your credit card but they do so much more. it is amazing company. there are megatrends with energy efficiency, but connected devise world, security, that is where all the money is going the chips are designed to connect all of us but just to be out with members to have solid guidance and record numbers that will be

nothing but speakers and computer chips. from a traditional valuation and the p/e ratio it is almost unheard of. 0.three nbc and less is considered worthy. i like this a lot i see it with the targets security breach there is talk we should decrypt credit cards like they do endure a. charles: that is what they do. that is whoopi to my interest the story got be to look around the then i found out it was more. i have seen it come across but it is amazing. that is just a tiny fraction of. but in my country it is

always the debate to put will pay for that is of the retailers or their credit card or the bank. >> with the last couple of years. >> has spent phenomenal. 40% over the last couple of years but starting to get the definitive lenders to losers and winners. looking at that it is also about volatility. we will see what happens but no d nine technology is the way to go. cheryl: break the news. -- breaking news turkish media is reporting that a plane has landed safely after a bomb threat pegasus airlines the flight was en route from the ukraine there

are reports if the of passenger tried to divert the plane sped certainly we will keep you posted as the story develops. cheryl: a lot of security concerns recently. talking about the jobs report to talk about the best opportunity for jobs. where are they? from layoffs to good weather it is a wild month for the retail sector we will get their take "on the road" ahead and certainly if their jobs will be there as well.

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is just too good to pass up. so call now and ask about your risk free 30 day trial. gea lyric in your life. cheryl: coming up in this half hour of markets now the u.s. economy adding 113,000 jobs last month so where are the jobs? the ceo top reporter koren perry is here. retailer's bill from brutal winter weather across this country, more on that and colorado reeling in the textile dollars with its first month of legal marijuana sales. this will break down the huge numbers coming the in a few moments. stocks every 15 minutes, nicole petallides on the floor of the stock exchange looking at some stocks that are moving. nicole: two names came out with good news, select start off with the gas. it is 5.8%, the gap, old navy,

banana republic reported 1% rise in january same-store sales a lot of brokerage houses upgrading their stock expectations on the gap because there was a better than expected outlook and then over here, lionsgate, you are on the films they put out recently, under games catching fire, now you see me, three of the films we are talking about, better than expected rise in quarterly earnings because of those three cells the you see lion's gate up 3%. cheryl: the country officially hitting the debt ceiling today and with the house out of session we are no closer to reaching a deal. rich edson live in washington with more on what you told me last month, is that this was the debate to watch in the new year. here we are. >> the treasury department is

back to deploying what it calls extraordinary measures to keep the united states from breaching its borrowing limit. the government spends maturing government and investments instead of reinvesting that money and repays those funds once congress raises the borrowing limit. jack lew says the government can keep this up until the end of the month trusting his timeline congress has seven legislative days remaining to raise the federal borrowing limit. fox business reported house republican leadership has a host of ideas to attach to a debt limit increase like a measure requiring construction of the keystone pipeline, rrtailing and insurance backup provision in obamacare. not attractive enough votes to pass the house and republicans will likely bring the debt ceiling bill to the floor without any of some -- policy concessions. >> 7 to do it past november, the last thing you want to do is if you are canvassing for a party leadership position to enter the question what are you going to do on the debt ceiling?

>> lawmakers will be back in town for the last week in february and that is when treasury says it will run out of these extraordinary measures. cheryl: we will continue to follow. january shocker. the number of jobs added in a month coming in lower than expected but we're still headed in the right direction when it comes to jobs. the numbers that came out. if you are looking at construction but the readings for the jobs report, and the one week we had. and a revision of these numbers? >> no. listen, the last couple months are an anomaly. four five years, that is what it has been since the great

recession. nothing changed. nothing change on the ceo. cheryl: looking at the sectors that were creating jobs. professional business, leisure, hospitality, health care is not. health care is still a place that will see job growth in 2014. >> it is. in a few years it is going to represent 20% of our economy. this is a service based skills based economy. and health care is going to be robust as is social media and technology. you see it in retailing numbers. people are not going into stores to buy things anymore. it is online and that is what it is all about trying to drive growth and alternative distribution channels. cheryl: what do ceos 8 dealing conversations? what do they say about the hiring environment and what is

the biggest worry? last year you said it was going to be taxes and government regulation, dodd-frank, things like that. what is it this year they are concerned about? >> there is this incredible fight for growth and relevancy. you don't have a conspicuous consumer. we are not leverage the. we are delivered in. the difference between 2%, 4% growth is huge and that is what every ceo is wrestling with right now and the reality is they are asking more out of people with less people. cheryl: we did see a slight pickup in wage growth. does that surprise you? >> not really. the economy is producing 200,000 jobs a month and that is what it is. i think it is healthy. is okay, not too hot or cold, we are worried about china and what

could happen. that is the single biggest risk to this economy. cheryl: glad you brought it back to china and asia. if you look at where the job shortage, labor shortage in this country, stem jobs, science, technology, engineering and mathematics and from the data we are seeing from the nation's colleges this isn't getting better. it is all little better but when it comes to women going for these degrees, what can we do to change that? it is making a it less competitive. >> i don't know if it is less competitive. the competition increased. cheeyl: we are not turning out graduates but at 2 plus 2 and hire engineers from india. >> it is the skill based academy, the economy setting arts and literature. i studied science, engineering,

mathematics. we are competing against the world population, not just 300 million americans. my wife was telling me a story, and girl graduates from high school 4.6, all these ap classes and didn't get into u.s. c. there's this incredible competition level that has increased dramatically. cheryl: kids coming from overseas? is that what is going on? >> sure. look around the colleges today, what around campus like i have done. it is absolutely incredible. it has never been as competitive as it is today. cheryl: should go to school. >> grade school. cheryl: thank you very much. let's just stay on the west coast, west coast minute, no water conservation wasn't enough trouble for californians, now presidents are asked to conserve power during the day.

a natural-gas shortage has been triggered thanks to extreme cold weather across the country and fuel supplies in southern california power plants are being impacted, slowed down and there you go. in colorado, that state has taken a hall from the legalization of marijuana to the tune of $3 million in the month of january alone. a survey of 18 marijuana businesses shows the new legal industry is on track to add $100 million. just to compare this, alcohol taxes brought in $35 million in 2013. finally as sunday's superable win for the seattle seahawks wasn't just good for the team but great moves for the rest city's reputation. forbes has taken seattle off of its most miserable sports city's list. this week was a big one for seattle. takes the sting of off, now if they could only get an nba team back there.

that is your west coast minute. phil flynn joining me in a few moments. the prices at the pump in the forecast for all of us. many screaming american teenage girls want to go hold their hands from new york, celebrating this anniversary. ♪ ♪ [ male announcer ] this m has an accomplished research and analytical group at his disposal. ♪ but even more pressive is how he puts it to work for his clients. ♪ morning. rning. thanks foreeting so early. oh, it's not a big deal at a. come on in.

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>> sandra smith with your fox business brief. the u.s. postal service reporting a record quarterly loss. the agency posted a net loss of $354 million for its fiscal first quarter october to december. bid:plunging 37% after the digital currency and exchange halted withdrawals claiming technical problems, withdrawal requests. the tokyo exchange will work the issue to provide an update on monday. investors pulled $28 billion out of stocks in the week ending had eureka, the biggest stock fund outflows since august of 2011. banc of america merrill lynch

report found bond funds holding u.s. treasurys had a $15 billion outflow or in flow. that is the latest from the fox business network giving you the power to prosper.

cheryl: breaking news on apple. want to show you what the stock is doing, reuters is reporting, recommending apple shareholders vote against carl icahn's proposal to expand the buyback program at apple. i featured the stock 30 minutes ago this news crossing 13 minutes ago. the stock jumping on this news. this could be a blow to carl icahn in his plans because he has been all over tim cook to expand the buyback program and bring in profits to shareholders. i want to say i spoke about this 30 minutes ago, they had been buying $14 billion back in stock over the last couple weeks but

carl icahn who we should also say and own $3 billion worth of apple stock wants that to be a lot more. he would like to see $50 billion but at this $.14 billion is what we are getting. against carl icahn if you own apple's stock. retailers off to a rough start this year. layoffs plaguing the industry. winter weather including this week's mid-atlantic and northeast ice storm, hundreds of thousands of consumers in the dark with no power. the national retail federation says the outlook for the sector is still strong. she economist for the an irs is joining me now. let's talk about this because the retail sector, december was rough enough with bad weather, and disappointing numbers, the weather affecting january. one of the members of the n r f telling you? >> december turned out to be much better than a lot of people

realized. the holiday sales came in 3.8% growth and that momentum is where we think we are heading in 2014. today's numbers were disappointing and put a chill on employment numbers. the economy goes forward in 2014. cheryl: let's go through the an irs reasoning representing the retail industry, you are saying 4.1% retail sales for 2014. what i you basing that on. we have unemployment at 6.6% today. >> our estimates are based on employment growth, spending patterns we know are in place. the income pace that is experienced by consumers in the economy, we believe there are other sectors of the economy that will lead to the overall

growth of the economy and have a feedback effect for retail as we move forward. the housing recovery has been good for housing retailers or housing related retailers. cheryl: we saw that with construction jobs, that data was collected during a warmer week in january. i was talking about what you are looking for on a month-to-month basis for job creation and this impact retailers, looking for 185,000 jobs a month. solid economy would give you 200 jobs. and from the fed they are not strong for 2014. 2.1%, maybe 3, could retailers benefit potentially from overseas travelers coming into the u.s. and buying power good? >> a number of factors are playing into the forecast. 185,000 is on the low end but does generate a sufficient amount of spending that we can certainly reach the targeted level we had forecast.

also don't forget inflation plays a part in the overall nominal numbers for retail sales. to a certain extent inflation has been mild and benign, we will see that picking up in 2014. it will help in terms of the overall numbers but back to the real economy certainly i think as i mentioned these other sectors will start to kick in. as we see employment picking up in the construction and residential area, certainly we are seeing manufacturing so those feet back into the overall forecast. it is not a break out speed, it will be a better year than last year. cheryl: i will say especially in the northeast a lot of online shopping is going on. i speak from experience. no one wants to leave their home. jack klein, chief economist at the national retail federation, thank you. time for stocks at the floor of

the stock exchange. the managing director of seaport securities. we are having a rough time this year. nice to see the dow higher when we have the disappointing jobs report that missed the estimate. how much of this is that related? >> cooler heads are prevailing. we had a great year last year. you mentioned with your previous guest. the market was going to take a break. that was the behavior we have seen in january and early parts of february. we are not selling off, not a lot of pace behind it, not a lot of volume behind the sell-offs. extended bull run needs to pull back, we never saw it last year, very healthy for the market. i think the economy is going in the right direction. the fed has telegraphed what they're going to do and to your point i think as long as the fed stays the course the markets

will continue to key off of that and go higher. they were a lot higher at year's end than they are now. cheryl: all ten of the s&p 500 sectors are higher. we will take what we can get after the month of january. good to see you. let switch to commodities, gasoline heading for its biggest gain since december. let's go to the trading pits of the cme and our friend phil flynn. how are you doing? >> and not doing good because gasoline prices are going up and you know why they're going up? somebody thinks they're too cheap. the big story yesterday was a tankerrfull of gasoline was supposed to show up in boston harbor. somebody diverted it to the bahamas to retool the gasoline to sell it in a different market because they could make more money. that is a sign that our prices were too gee. on top of that a slew of

refineries announced they would shed down and going to maintenance to get ready for the upcoming summer driving season. this is happening little bit earlier than normal probably because prices are high enough to produce gasoline at these levels. going because it is too cheap. cheryl: thank you. it is a major milestone for beat romania. we will tell you about a special tribute to the fab 4 coming up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dingi ] ...you'll bust your brain box.

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>> a 5 blindfolded someone and took a man 2:00 in the morning

into the airport in hong kong and said where do you think you are, this must be america, it is a modern airport. i took him blindfolded to la guardia airport in new york he would think i must be in some third world country. cheryl: actually kind of true. vice president joe biden in philadelphia giving a speech to raise awareness for the renewal of our infrastructure, la guardia airport consists of four terminals and several aging buildings has not been updated in several decades. joe biden's comments come at the port authority plans to invest $4 billion to the airport. get that going to. we would all appreciate it. a d signing moment in pop culture, 50 years ago today the beatles arrived at another airport in new york, a kennedy, bringing the owner mania to the country. the airport unveiled a historical marker, twa terminal

where they arrived and gave their first news conference in this country. liverpool's mayor was on hand for the event. the beatles went on to make their american tv debut a few blocks from here at the ed sullivan theater, the ed sullivan show on broadway changing the country forever. do you have a big project on a small budget? why not rent an nba? you will need the co-founder of hourly nerd, this company allows you to do just that. insert scan and buy, shopping on amazon by pointing your iphone at what you want. we are going to take you behind the scenes of the world's biggest pinball machinemaker. laurie and adam are somewhere. welcome back. how is everything?

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lori: i am lori rothman.

adam: adam shapiro. another disappointing jobs report, 113,000 jobs added in january well below wall street estimates even as the january unemployment rate edges down to the lowest level since october of 2008. lori: a second straight month of job growth signal the future slowdown. adam: a weaker than expected jobs report after a roller-coaster week the s&p 500 on track to snap a three week losing streak. lori: those with master's degrees in business of looking for part-time work but in this case it is by choice. we will introduce you to the men behind our lean nerd, a service that helps companies rent them be as from 30 to $100 an hour. adam: stocks near highs of the day, back to the floor of the stock exchange, nicole petallides there for us and investors shaking off the jobs report.