liz: my little pony tripping along didn't quite hurt toy-maker hasbro which saw big gains as the bells clang on wall street on this monday. let's look to see how stocks finished up today. dow jones industrials, giving it a go above the flat line. these numbers are still settling. anything could happen. right now all green on the screen. nasdaq is better by half a percent. that is a percentage performer. david: got a lot coming up. run you through the front page headlines. mcdonald's reporting better than expected global sales. that established restaurants for january. u.s. sales did fall partly because of freezing weather. liz: wireless company sprint said to be regrouping as it considers whether to make a bid for rival t-mobile. "wall street journal" is aing antitrust officials talked about strong sentiment against the deal. david: nissan 57% gain in quarterly net profit. nissan benefiting from weaker yen and higher sales in china.

liz: a coffee house opened calling itself dumb starbucks in california. the chain said the store can not use the name because it is protected trademark. the store said, we're just having fun. david: mark zuckerberg and his prime minister priscilla were the most generous philanthropists. the couple gave away almost one billion dollars in 2013. liz: as markets close, investors look ahead to congressional testimony tomorrow by new federal reserve chair janet yellen. she is likely to face many questions about the health of the economy and the fed's taper. "after the bell" starts right now. david: let's break down today that's action. it still settling maybe up, maybe down. gene peroni, telling us why he is not using january's performance index, that fame

must thing so goes january so goes the year. he says not so. bill baruch in the pits of the cme. i want to start with you. let's talk about oil. we talked about the pop in oil, today over a $100 a barrel might have a drag effect into the economy as we drag into some real growth here. what do you think? >> i think it will have an overall drag on economy in the long term or short term. my clients

in the end we saw this gain. does that bode well for the bulls or does it, just look like it was a weak comeback? >> no, i think it does bode well for the bulls to be very honest with you, liz. this has been a pretty exciting market as far as i'm concerned from a technical standpoint and as you referenced at the beginning of the show, i don't really ut a lot of credence in january, at least this january being a barometer for the year. liz: why not? >> sometimes, well, sometimes we just get a little lost in the actual numbers. so the major market indices were up 30% plus last year but what is lost there is that almost 6

months of last year were spent in consolidation. so the market has done a very good job policing excesses on an ongoing basis. i think i can make a pretty strong case that january's volatility and certainly the downward trend during january probably just addressed the december gains, let alone the gains for the year. but as of today's close we have, you know, below, below 3% losses for the major indices. and that's pretty impressive given all the volatility. david: gene, i like your bullishness and you think the consumer is making a come back and that will lead some earnings reports to high levels. on the other hand, i'm wonder what evidence that you have that the consumer is coming back? we had the lousy jobs report on friday. people are worried about their jobs. a lot of people are holding on tighter to their money than spending it. >> well, again i would have to reference the stock market and investment profile vis-a-vis the consumer. and here if you look at the

consumer discretionary group. it is one of the best performing sectors since the market bottom in march 2009. in a number of different subcat goreries whether retailers, the internet retailers like amazons for instance, the restaurants, the recreational vehicles, rec kriegal equipment and so on. -- recreational equipment and so on, all the subcategories are doing well. it is hard for me to make a case the consumer is out of the picture and only now coming in. this market is indicating other than that and something might a quit quite a bit more interesting with respect to consumer activity through much of the cycle. liz: you have to be bullish if you believe global economies are getting slightly stronger. bill, you can see that down on the floor of the cme where we consistently see slightly better data out of europe and asia. not to mention here in the united states. but we also started to see a little bit of flight to quality. gold prices moved higher. silver closed above $20 an ounce

again. i wonder, are people looking to those as investment opportunity, versus oh, industrials, production is going to be bigger and therefore silver might go higher? >> i'm hearing from some hedge fund managers they're getting back into silver? >> well, as an investor you have to look at what was down last year. gold was down 30%. and you start the year off on a fresh slate. what is the value buy? gold is at 1200 bucks a value buy? silver tested 18 to $19 and couldn't follow through to the downside t was rejection from the low. i always watch the 50 day moving average in silver which we're trading above and holding well against $20 on the close there is resistance at a major trend line at the upside has to get through. if it can chew through 20 1/2, we could see 22 and price levels above. i'm not a bull but treating this as a trading affair. david: gene a lot of people are looking for bargains to pick up in the down-slide in january. you may not think it will

continue but we are with that, five to 7% down slide. look at the top five dow stocks down. exxonmobil down 11%. from the beginning. year. chevron down 10%. ge, down 10%. travelers down 9%. aren't there bargains in this list. >> i think there are. let me be general about the categories. david: those do not represent, hold on a second. those don't represent downward slide since the first of the year. the changes since the first of the year are pretty dramatic. >> they are but you know here we have gold one of the better performing sectors. you just had kind of a rotational adjustment here. i think it is more or less an aberration. as a general answer to your question. i think these are pretty attractive opportunities if taking a longer term view. i like energy here. i like the financials here. i do like the big cap energy an financials but there is some very exciting medium cap opportunities too. that is what is so intriguing

about this market. it is a multicap market. it's a very broad and diverse market with respect to sector participation. i'm -- liz: i'm dying to ask you about western digital. >> i'm sorry, liz. the reason i like to ask about western digital it is one of the only games in town when it comes to what they do with hard disk drives. and this is a company that has seen an incredible run, up about 73% year-over-year. that seems to be an awfully big jump. you still feel this is an opportunity that investors could capitalize upon? >> i do because, you know, i look at valuations, not just for western digital but for its peer group and they're not all that out of line from a technical standpoint has done a nice job moving ahead, backing and filling. i don't see it as an overextended stock in near term. there could be a near term consolidation. i think this stock represents

attractive risk and reward for those taking 12 to 18 month yield. david: what do you want to hear from janet yellen tomorrow? >> i put the jobs report in the past. it wasn't so bad. household surveys showed participation rate up. that is a good sign to me. that is also i think one of the reasons the market bounced. everybody is expecting a little bit of dovishness stance. i think as long as she doesn't move around too much over what expectations are, the stock market can stay steady and can climb from here. and as well, investors, once s&p gets above 1800, investors will not want to miss another move. i don't want to see her shaking anything up and keeping waters calm. david: by the way, we have an economies that is getting a lot of press. david rosenberg gave testimony in front of the u.s. senate. he says the job numbers were actually worse than what they appeared. he will tell us why a little later in this hour. thanks very much, guys. liz: gene peroni and bill baruch. thank you very much.

we'll check back in with bill in a few minutes when the s&p futures close. david: indeed we will. with the year getting off to a rocky start, they may not be all as cheap as they appear. which names are values and which names are value traps? we have the names coming next. liz: plus billionaire carl icahn dropping his efforts to force more buybacks from apple, folding under pressure from other shareholders really? perhaps or among the shareholders new york city's comptroller scott stringer. why did he disagree with what icahn was doing and what should apple do instead? even though when icahn got involved, david, the stock jumped 13%. david: that's true. liz: did carl icahn come out a winner or loser in his fight with apple. david: he made his money. liz: he made tons of money. tweet us at fbnatb later in the hour with your answers. we'll put them up. ♪ ♪

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does breathing with copd weigh you down? don't wait to ask your doctor about spiriva. (voseeker of the sublime.ro. you can separate runway diculousness... from fhionhat flies off theshel. and you...rent fm national. because only national lets you choose any car in the aisle... and go. and only national isanked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like pro. david: sodastream, it was down last week but getting a boost after announcing plans to partner with skinny girl. liz: let's head back to nicole petallides on floor of new york stock exchange. nicole? >> big news for sodastream partnering with skinny girl for a new line of delicious, low-calorie type drinks. this will compete directly with

the keurig that they have been working with coca-cola to make some new drinks themselves. sodastream with a great run recently, up about 7.5% today, right now at 40.45. working closely with skinny girl and new drinks and new lifestyle. that will be available second half the 2014. david: nicole, thank you very much. >> s&p futures are closing right now. let's go back to bill baruch in the pits of the cme. bill? >> hi, how are you? we're closing right now on the highs, 1795 1/2 is the high. we're right up against that about a tick into the close today. nice session holding initial spike highs from friday's jobs data. liz: that is an interesting move i'm glad you brought that up. what is the next piece of data or is it janet yellen's testimony that will really drive the markets? >> we're looking forward to yellen's testimony tomorrow but there is 10-year and 30-year treasury auction.

there is quite a bit of chatter out of china here -- data out of china and retail sales later in the week. there is lot to look forward to but really the jobs data was a win-win situation we're telling our clients. liz: got it. >> weather could be used as excuse. it really wasn't that bad. david: bill, thank you very much. we have some breaking news coming from inside the beltway. rich edson, yet another obamacare delay. of tell us about it. >> this one for businesses between 50 and 9 workers. they have until 2016 to offer health insurance or pay a fine if their workers collect government subsidies. that is year later than announced and two years later than the law stated. businesses requested more time. employers with 100 or more full-time workers have to offer insurance to employees starting january. this after the administration pushed off the 2014 date to 2015. for obamacare purposes reminder,

full-time employee works 30 hours a week. david: this would have affected as many as 40 million workers. some of the notices would have gone out right before the midterm elections. do you think politics had anything to do with this? >> i don't know. it is washington. politics really has anything to do with anything down here. david: that's true. that's true. rich edson, thank you very much. >> not at all. rich, thank you. david: the s&p is falling rapidly from 2013 highs. leaving some to think that there are finally some real values for the careful stock-pickers. so, how do you pick out the values from the value traps? liz: well, luckily we have jack howe here. baron's senior editor and all around smarty pants. he will determine how to figure out beaten down stocks. >> have i been promoted to all around smarty pants? david: you have to say smarty pants. liz: define value and value traps so people know. >> value is company unfairly discounted by investors. and value trap is one that is

discounted for all the right reasons. there are some problems just too difficult for companies to overcome. heavy debt tends to be one of them. companies out there, they could be due for a turnaround but you have to be careful about some of those. david: jcpenney was up today. some people think it has been down so long it looks up to me. you say this is one of the traps. why? >> company is likely to burn through cash equal to half its stock market value over the next year. if you look at valuation, look at enterprise value, stock value and debt relative to the cash it is not that cheap. it is priced on par with some of the department stores that are doing well right now because, keep in mind it has the little tiny stock price there are a lot of shares out there. this company is not nearly priced ii the bargain bin with some very struggling retailers right now. i think it is a little pricey. liz: value trap. let's go to arch coal. the arch coal is the second largest coal producer in the u.s., down two, 32% year-over-year? where do you see this one? >> i don't know if you noticed

outside we had cold, snowy weather. >> just a lit. >> natural gas prices are up. that is one of the thing shift to cheap gas. with gas prices going up it might go back to coal. it has a lot of debt. bought another coal company just at wrong time. makes turn around just that more difficult. david: they were such a well-run company and so many good projects have been put on hold. i'm getting depressed. talk about real values. some stoxx are beaten down. look at company like ibm, for example. you see hope here. >> absolutely. ibm had lackluster, poor hardware sales. that will not last forever. they have service revenue rising. software revenue rising. a company you can buy for 10 times earnings. david: 10 times earnings? >> i -- david: wow, look at some internet stocks with 1,000 times earnings. >> won't be gangbusters. but you get 5% earnings growth near term and 7 to 8%. december company at a good price. liz: that is the one you snatch

off the sale rack say i'm in. >> i think ibm is cheap, absolutely. liz: where does franklin resources stand and why is this something you should covet? >> franklin has emerging market exposure and bond exposure and investors turned kind of cold on the stock lately. keep in mind, more than half of this company's assets are in stock funds or hybrid stock funds. they're gathering assets around the world. they're doing well. stock looks cheap. this is company that will continue to thrive. i didn't mention on the list, in "baron's" magazine i wrote about samsung. after subtracting company's cash, you can get shares of samsung five times earnings. i think this is smart. liz: whoa. david: how do you buy into samsung? korean etf? >> excellent question, for reasons beyond my comprehension this company refuses to list shares on u.s. exchange. makes it difficult. some brokers -- david: some etfs have a majority of samsung in them. >> 20% samsung. but i can tell you for sure fidelity tells me they can execute the trade for you.

charge a little more money but view the shares right into your fidelity account next to your other stocks. liz: get to ruby tuesday's. david: i like ruby tuesday's. liz: you do not. why? >> i watched stock for a long time this company is trying to figure out what it is. piece recent yaw uno has deep dish pizza and outback has bloom inch onion. they are trying to identify themselves. david: you drink beer or whatever they put in front of you. >> you sign up to the be the spokesman. they're looking for identity. in this environment it becomes more difficult. we could see flat restaurant sales next couple years. it is that much more difficult to get things turned around. david: don't worry, ruby tuesdays. as long as there is beer to get drunk i am going to ruby tuesdays. liz: what we'll do we'll put it on "after the bell," fbn after the bell on our facebook page.

david: jack hough, great report. thanks very much for answering it. liz: if you are confused about what's happening in the commodities market, whether it , oil, you are not alone. we're taking you live to the cme to find out what is really going on and how you should best play commodities to make money. david: after friday's disappointing jobs report, you might wonder why the unemployment rate did tick down? that is supposed to be a good thing. well job growth was weak for a second straight month. is this a warning sign for investors? we'll talk to one of the smartest economists anywhere. he has been all over the news, particularly after his senate testimony. david rosenberg, chief economist in a first on fox business interview. you can't afford to miss. ♪ so ally bank really has no hidden fees on savings accounts?

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david: time for a quick speed read some of the day's other stories. five stories, one minute. first up, boeing, estimates market for new airplanes in the asia-pacific region will grow $1.9 trillion over the next 20 years. fleet of aircraft in the region is forecast to triple in size. to ask the for almost 40% of the airplane deliveries. toyota will stop making cars in australia in 2017. followed by planned exits of general motors and ford announced last year. natural gas prices tell two cents the past three weeks to $2.29 a gallon. 2.4 million americans voluntarily left their jobs in november. the nation's quit rate hit 1.8%.

this is the highest level since 2008. dubai, aiming to launch a drone delivery system for mailing government documents within a year. britain's sky news reports dubai plans to use fingerprint and retina identification to deliver rental cars, driving licenses and other permits in the company. it will happen with a experiment there. [buzzer] that is today's "speed read." liz: a big day for the commodities market as gold regains glitter and oil topped $100 a barrel. although in the after-market coming down just slightly. david: the grains, oh, my god, the grains! the grains also saw gains with corn futures hitting a four-month high following the monthly crop report. fox business contributor phil flynn of the price futures group, he is in the pits of cme with details. i have to start with oil, phil. >> hey, guys. david: oil rising happened to coincide with the dollar falling. is that the main reason why oil is going up right now? >> well i think that is definitely part of it, dave.

we definitely saw that. we're also seeing a big unwind from the brent wti spread. you know last week that spread widened as we were worried about what may happen into the olympics. what will happen in libya? what is happening with north sea production? a lot of those questions got answered. you saw reversal of that spread today. so definitely the dollar is at play. but i think there is some other issues as well that is bringing that wti. having said that, looking at wti above 100, it will be really difficult to sustain this. i think for the next couple weeks supplies will be a little tight. there is lot of supplies in the bin right now. if we get a build this week in supplies as i expect we will, we should see the prices start to ease off pretty quickly. liz: phillings make our investor viewers some money right now. which commodity out there should they be buying? >> yes. liz: we noted coffee hitting nine-month highs. >> coffee, yes. liz: is it cotton, is it sugar? what are the best opportunities for people watching right now. >> i don't know. i know. i'll tell you, the tell you,

one, coffee is good. the biggest run-up in 10 years couple weeks ago. but you know what? you're growing to kill me on this. i love this gold. so much, i can taste it. it hasn't -- liz: what about silver. >> silver too. silver, too, silver gold, gold silver, i love them both. i changed my mind. i think on gold if you look at this area we're knocking on the door right now, 1280, they're looking for an excuse to break out. this has been the biggest commodity, the divergence on gold, between the stock market is widest it has ever been last year. if you look at the divergence between the physical demand and investment demand it is out of whack. from a technical viewpoint. we are building this incredible base for the last couple months, when everybody was trying to push it down below 1200 and down below a thousand. if it breaks out. it can be up. you know why i think it can break out? because everybody was wrong about tapering tightening

situation. we're starting to find out that tapering is tightening because what we're seeing in emerging markets. that all this money printing does have an impact. when you pull back it -- david: phil, very quickly, what about what is happening in the economy? how does the bad jobs report fit in to all this? you. >> know, the bad jobs report, i think i think will influence what the fed may or may not do but i don't think janet yellen is going to taper off the tapering just yet. if we get more bad data that could impact it but i don't think necessarily tapering will be bearish for gold. i think people will be wrong about that. it will turn out to be bullish in the long run. liz: great to see you, phil. david: phil flynn. animated as ever. god bless you, we love it. thank you, phil. >> thank you, guys. bye-bye. liz: apple can go back to worrying about iphone sales instead of icahn. david: i like that. liz: billionaire investor dropping his apple buyback stock campaign. we're talking to new york city comptroller, scott stringer.

up with of the big shareholders who told icahn to back off. david: it won't let you fly off rooftops, scale walls or blow your way through a wall like the batmobile but a new concept car does come with a very cool accessory. get this, your own drone. that's the fake stuff you're looking at right now. we'll show you the real stuff coming up. ♪ we asked people a question, how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount mig last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ if we want to be ready for a longer retirement.

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liz: the midterm congressional elections are nine months away but they could already be having an impact on stocks. how? well according to stratteen gist research, since 1962 the s&p 500 had a correction of at least 14% in 10 of the prior 13 midterm elections years. that is not great news, david. in other years, pullbacks ranged from 8% to 9%. the market usually begins sliding in the springtime. then it didn't bottom in those years until the fall, around the time of the actual elections. stocks did bounce back and register strong gains in the following year but midterm elections not great for stocks. david: we've been bucking so many trends so far this year. maybe this will be different. the most unnerving thing about friday's lousy jobs report may have been the only thing about it that was generally perceived as good news, the downtick in the unemployment number. may not have been good news. so says our next guest who joins

news a first on fox business interview. david rosenberg, gluskin sheff and associates chief economist and strategist who gave testimony on this at the u.s. senate last week. david, usually when unemployment falls, and over the past year it is falling quite a bit, down about 1.3% usually it is because of a big growth in the economy like what happened in the mid 1980s for example, but we haven't had that growth in the economy but why is unemployment down so much? >> unemployment is down so much because you've had such a gargantuan withdrawal of people from the labor force. you're right. we peaked at 10% on the unemployment rate. we're down to 6.6% even though this goes down from an economic growth standpoint as the weakest recovery on record. we're not really creating a whole lot of jobs. what is having driving the unemployment rate down month in, month out, the labor force participation rate is going down to the lowest level in four

decades. that is really what the dilemma is from a labor market standpoint, is what is happening to the overall supply of labor. david: part of that, correct me if i'm wrong, part of that is because, businesses have become so sophisticated that they can make do with less workers but the workers that they have, today, we had another example of it, by the way, another big layoff, the workers they have have to be specialized. doesn't that give them more pricing power in terms of their own salary? >> well i think that certainly among skilled trades, where there are, is evidence say, of% shortages, whether in transportation services, or technologies, say even in health care, some segments of durable goods manufacturing, construction, there are pockets where there are skilled labor shortages. those people will certainly have pricing power in terms of what it means for their future wage growth. but from the overall economy, you know, it is problematic that we have some people withdrawing from the labor force.

part of it of course is demographic. you've got the boomers first hit the age of 65 two years ago. there will be 1 1/2 million boomers turning 65 every year for the next 15 years. so you're seeing people naturally retire. they're leaving the labor force. you've also got a myriad of state and local government ben pits in general that create disincentives to work, you don't have to work if you can tap all these programs. from the benefits side, that's creating a dwindling pool of labor as well. but, thirdly, there is a big skills mismatch. it is very interesting. if you take a look at the data, you see job openings are at a five-year high. they have actually crossed over the four million mark at the end of last year. so companies are saying we want to hire more people. job openings have gone up substantially. they're up 6% in the past year but the level of hirings has been very anemic that tells you something about a skills mismatch between overall what

companies need and what they get out of dwindling supply of labor to choose from. david: there is another factor. politicians increasing cost of employment. you have obamacare which has direct implications how much you pay per employee. you have a plethora increase of regulations which increases cost of hiring people, right. >> right, absolutely. the national federation of independent business, nfib, they produce a monthly survey of small businesses really at the root of the employment creation across the country is what they ask small businesses every month is what is the top impediment to getting stuff done. we're up to, well, over 40% of the small business networks saying taxation and regulation are the biggest impediment. that is one of the reasons why again we're having difficulty getting really sustainably strong growth out of the economy. david: what happened, david, to the service sector jobs?

because, if you look at friday's report,, you notice 100,000 of the jobs disappeared. the yellow line, we're showing a graph. the yellow line are the service jobs. as you can see they really dropped down. what happened there. >> that's what i said in my daily today. there was like 100, service sector jobs in the non-farm payroll report. the reality that adp does their own payrolls. it is also has a large sample size. it shows service sector employment was actually very strong. we know from the ism non-manufacturing employment, mostly services was actually quite strong. when you are taking a look what really caused the disappointing headline number, the non-farm. it wasn't manufacturing and it wasn't construction and it wasn't natural resours. it was the service side. frankly i don't have really great explanation for you. it wasn't just the fact that government payrolls are down 29,000. the private services services wo

unusually anemic this. is a silver lining in that non-farm payroll report, that goods producing employment was up almost 80,000 in the month. that was the best month for goods-producing employment. the people in america that actually make things. that was the best month we've had in eight years. what i notice is that the goods-producing part of the economy leads the service sector part of the economy, not the other way around. hopefully that goods-producing segment will cause a turn around in the service sector job creation in the next several months. david: we care about services. it is nice to know we still have people being hired to make things. david, you explain things so clearly. that is why we love having you on. please come back and see us soon. david rosenberg, gluskin sheff chief economist. really a smart man. liz: david, it is not every day that a billionaire investor backs down but carl icahn appears to done just that in his share buyback fight with apple after running into a wall of

opposition but also a wall that crumbled down and did pretty much what he was asking them to do. one of the opponents to icahn, new york city comptroller, scott stringer, whose investments include a very significant apple stake. he will tell us why he thought icahn's plan was risky and unnecessary. david: made him a hill built of change. liz: i would hope. david: who is king of the hill on wall street at least when it comes to hedge funds? coming up we'll tell you who has just won bragging right for making the most money for investors in the field of hedge funds. the answer coming right up. ♪ she loves a lot of the same things you do.

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david: results are in for the best performing hedge funds in 2013 overall. the top 20 managers made $55.4 billion for investors in 2013. with those investing in equities naturally coming out ahead. at number three was david tepper appaloosa management. he earned 4.billion dollars for his clients. number two, viking global investors, 5.1 billion. number one for the second straight year, steve mandel, lone pine capital. earning $5.2 billion in clients t was a food year, liz. liz: that's what you want to see. activist investor carl icahn has done very well with many of

his invests but he finally gave up his fight to get apple to purchase 50 billion of its own shares. after proxy advisory institution shall tear shoulder services that apple outright reject icahn's proposal. we have new york city comptroller scott stringer was against icahn's plan. apple was not against icahn's plan. apple bought back a bunch of back stack and led them to their stock improve. >> at end of the day apple board of directors were in a better position to decide how they would give back shareholder money. i think that mr. icahn, i certainly don't have a fight with him personally. i just don't think apple should be responding to one investor who is seeking to make money when there is a broader issue at hand. and that is, that public investment funds and others also believe that we should look at these companies in the long term

to create value. i think our efforts alongwith calpers and iss, which sort of said, look, we should not be giving additional $15 billion on top of the 100 billion apple was giving back. i said we have to draw the line in the sand and rely on the board of directors to make those decisions. david: you have -- liz: you have about $1.3 billion worth of apple stock in the funds for new york pensioners? >> uh-huh. liz: are you happy with what the company is doing? forget the share buyback, talk about the products. apple iphone sales have slowed down. there is question whether tim cook is visionary. he can certainly run the company but is the visionary steve jobs was? at what point do you look at these and say we'll take some profits? >> first of all, long-term investor, it is not my money. i represent five pension funds in new york city worth some $150 billion. our largest stake is in apple, $1.3 billion. we definitely want this company to grow and prosper. how they get there is through a long-term view of the company.

they have two amazing product that is account for over half their revenues. their smartphone and ipad. agree with you. technology will get more complicated serbly there is lot more competition. part of the reason we wanted to slow this down a little bit against the icahn proposal because we wanted apple to have a cushion so they could innovate, they can look at the market and make smart decisions where they're not under the gun. liz: let me push you a little bit. what carl icahn started buying the stock it was $468 and a share and change at that point when it finally became public and stock had fallen and gotten people a little annoyed, it jumped 13%. if you saw carl icahn on street would you thank him or say you >> i don't think it is about thanking one investor. i think a lot goes into a company's valuation and certainly many people play a role in that. most importantly the employees of apple, people who are going to do inventing, marketers,

folks who are on the front line of the company. i wouldn't say thank you but i would say, good to have you slowing down a little bit, working with the company because that is going to help my -- liz: have you seen him. >> we're not social friends. liz: you're not buddies? you don't run in the same crowd. >> outside of this disagreement i have a lost respect for him. we had it going in different direction. liz: yes or no, february 2th, is apple shareholder meeting, will you attend. >> i won't be there. by proxy we'll vote our shares, if this is still a proposal we would vote our shares accordingly as i said today. so certainly we're not going to be there. liz: scott stringer, new york city comptroller. great to have you here. thank you very much. tomorrow night, 6:00 p.m. eastern. hang around, scott. neil cavuto has carl icahn exclusively ending his proposal for the apple share buyback. that will be a great interview, david. david: scott, you should go there for that. could have a debate.

$150 billion. all right. you want to watch that. less than two weeks after a few inches of snow paralyzed atlanta, another winter storm is expected to hit the city. how much will atlanta and the whole northeast have to pay pour this storm? we have the latest details straight ahead. ♪ so ally bank really has no hidden fees on savings accounts? that's right, no hidd fees. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um. well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally.

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>> so you can see some of that resiptation, making its way up towards texas and louisiana. a good chunk ever texas under freezing rain advisory including dallas-ft. worth. for the next several hours into the overnight. this is significant area of freezing rain. winter weather advisories, winter storm warnings all over mississippi valley. ice storm warnings for parts of georgia, south carolina, weather weather advisory for atlanta. watch out further in time. tuesday 9:00 a.m., ice moving through mississippi and alabama. another wave moves through tuesday and on wednesday. this will an significant event on wednesday for atlanta, with up to maybe over half an inch of ice on the roads and the power lines. this could be a crippling ice

storm. one they have not seen in years. across the southeast. if i could just tell you guys. that this storm will eventually ride up to the northeast coast and give us a potential blockbuster storm for the northeast on thursday. going to be a busy one. back to you. david: old snow has not melted yet. liz: no. it turned to solid rock ice. thank you very much, janice dean, fox news meteorologist. >> we asked you on facebook and twitter if carl icahn came out a winner or loser in the fight with apple. jim on facebook, not last apple heard of carl icahn. i think we have yet to see his next angle to artificially inflate value of apple stock. liz: wayne on facebook told us he does not think the fight something over. probably right. david: i think so. let's go "off the desk." while flying cars, haven't yet hit the market, carmaker renault announced next best thing, a car that comes with its own drone. the driver will launch the drone and control it with a tablet built into the renault's

dashboard or through gps the drone will warn the driver about up coming roadblocks or traffic congestion. the concept car designed to allow three people to sit in the front with a driver sitting in the middle. interesting. liz: also "off the desk," yesterday, nike see unveiled. it is dubbed october red. the sneaker sold out nearly immediately. in case you missed out on your chance to buy $254 shoes. they are currently listed o epay, david for $250. david: what? ebay selling sneakers for more reasonable 3950. david: i think these are opening bids. may still be sometime to get it. time for number one thing to watch, will be new fed chair janet yellen. she will give her first

semiannual testimony on monetary policy after two weak job reports in a row. investors will listen closely to comments about the pace of tapering. liz: have a good knight "the willis report" is next. see you tomorrow.

gerri: hello, everyone, i am gerri willis. right now on "the willis report." did he break the law with his comments? we of the story on tim armstrong. plus, the obamacare website has problems of its own. has the government messed up yet again? and some wall street analysts say taking a big profit just isn't good enough. what that means for your money. we are watching out for you tonight on "the willis report." ♪ ♪ ♪