company" moves to 11:00 a.m. eastern, a full two hours, same show, more of it, different time and we promise no jargon. it is yours. >> $30 is cheap, just low. do you cook for them? do you see them? netflix like a very small catch. on love you. thank you. thank you. still ahead, bad as this winter has been forecasters say this new storm should be the worst of the season. the south and the northeast are bracing. thousands of flights already cancelled and the power could be out for days. the debt ceiling height goes before the senate. ted cruz is gearing up for a

fight. the latest ahead. carl icahn tells on neil cavuto his war with ebay is far from over. we meet a former marine whose new mission is to fight extreme poverty and that the same time terrorism. all that and more coming up on this hour of markets now. connell: a good story. the guy who is in the marines. terrorism as you said, overseas in africa. dagen: did you let them figure out business plan? connell: pretty impressive guy. change you for clarifying all this. one of those days when everything in your head will come out of your mouth liz nicole petallides starts us off at the stock exchange. nicole: a whole hour ford. the dow jones industrials down 26 points, 50,967.

giving back a little bit of the recent gains we have seen before the week, a winning week on wall street 1.5%. to kevin nasdaq up $49.98 a. posting a gain, everybody continues to follow everything we heard. and yesterday saying she is going to follow up, ben bernanke was on that committee. and will pull back slightly today. right now we are taking a breather. not many worries, caterpillar, microsoft, ibm, some of your best performers and commodities looking good. gold is up $4. dagen: after narrowly passing in the house the senate could vote on a clean debt ceiling bill this afternoon. connell: rich edson live from washington with the latest. phil: peter: they are trying to reach a deal on the debt ceiling, the senate is known for its procedure and one senator can

force days of deliberation on any bill. indications now are islamist supporters can muster 60 votes, senators will allow a fast-track vote this afternoon. ted cruz vows just that, he will acquire 60 votes though he will pass on delaying so senators can get out of washington ahead of the storm. senate majority leader harry reid blasted that tactic. >> we have republican senators saying they are going to filibuster the debt ceiling. we can't default on our obligations. too bad that a few senate republicans would threaten filibuster in this critical legislation. it is critical and it is crucial. connell: senate aides say likely 60 votes needed to get through the senate to the president's death, the bill would suspend the debt ceiling until march 15th of next year, well after the new congress takes control. mostly democrat votes the house narrowly passed the bill last evening.

back to you. dagen: thank you for that, rich edson in washington. connell: fox news contributor jim green joins us. good to see you. you must be i don't know, surprise or happy how this thing worked out with the democrats voting on it and being brought, clean debt ceiling bill, john boehner. >> this is what is good for the economy. i was listening to our colleague stuart varney little bit earlier. i love his accent but when he was saying this was a good political move i was a little bit -- this is good for economic growth and the gains that these folks have played had serious consequences. it has affected us in lowering by one percentage point real economic gdp growth. connell: let's not pretend politics -- >> $50 billion. dagen: then that means that

$17.2 trillion in debt is good for the economy which is ludicrous. >> these members of congress appropriated this money, said we are going to spend it and when it comes time to spend it we need to spend it. this threat and defaulting on our debt has cost us. when they did this two times before for those two weeks they were threatening we lost the equivalent of 120,000 jobs. we can't afford this. connell: we were going to raise the debt. the debt ceiling always goes up. at the end that always goes up and everybody knows that. >> voted for it over and over and going back. connell: when president obama voted against it they play games with this, they both play games with the debt ceiling knowing it will go up. this time you can take it. to your earlier point about politics, the tea party thinks -- the tea party caucus think that but he goes back in a few months when something big comes up and says i gave you this, now

give me whatever he wants. >> this is not a political football. not only has an affect our gdp, it has real consequences. it is more expensive for the average american to borrow money. connell: it is always going to go up. dagen: the debt ceiling -- and credit rating by the s&p, it actually fell. borrowing costs didn't get more expensive for anybody. >> all of the governing by crisis we have seen since 2010 since the tea party got there a little bit of power, if you add up the sequestration, going over the fiscal cliff, the threat of the debt ceiling, at the to loss of 750,000 jobs. we can't afford it. connell: you think this is a turning point? dagen: i will give you that it

looks bad, like those government shutdown, we could argue numbers all day but it looks bad for the republicans. john boehner, house speaker didn't want to repeat it. the game plan seems to be coming up on the midterm elections we will focus on the failings of the president's health-care law, obamacare, extend the employer mandate, once again for smaller employees in this country. we will put our chips on that and highlight that rather than getting into a fight over the debt ceiling which will get raised. >> they should move forward with it because our economy can't afford how they have been governing since 2010. we have taken the hits on unemployment, we have taken the hits on gdp growth, we have taken the hits on borrowing. enough is enough. they have been saying with the debt ceiling threat take this job and shove it. connell: that has to be the strategy. dagen: you have a record number

of people on food stamps and disability in the country and you can't just blame the gop for that. in terms of governing there's one person running the country and is president obama. >> he needs congress to come together and compromise. it is a good thing that happened yesterday. john boehner -- the republicans that joined the democrats. 199. dagen: it was -- squeaked by. great to see you. thank you for the debate. we do it with a smile. and catastrophic conditions. it may live up to the hype. airmass of ice storm slamming into the southeast. georgia power saying more than one hundred thousand people are without power. also wreaking havoc on travel, 3,000 flights already cancelled today and we are just getting started. more the 2,000 at jackson

airport in atlanta which is the busiest airport in the world. let's bring in george hamlin of hamlin transportation consulting. a lot of these cancellations are pre-emptive. people might be out of luck if they are traveling but that is a good thing. >> this keeps from congealing earlier. it allows it to rebuild in an orderly fashion after this epic storm hopefully passes through. dagen: what about -- i you i guess surprised by the weather these airlines have experienced? how would you grade them on how you can will be travel disruptions all winter long? >> this has been a tough winter. without having all the facts, knowing what is going on inside the companies sometimes you give the appearance of being overly cautious. on the other hand remember the tarmac delays we had not many years ago, which is why we have some of the rules that are in place now. dagen: tell me about the

recovery time. is the recovery time now longer based on the way the air travel system is organized? >> absolutely. low factors are occupied, much higher than they have been historically. if you cancel the day's flights a good a two or three days to take care of it after that. dagen: nothing the airlines can do beyond what they're doing now. this is not a statement but a question in terms of preparation for this weather. maybe next winter god forbid it is as bad if not worse one. >> if you could figure out how to make ice storms habitable, i suspect you would have a pretty good job. i don't believe there's a lot of that can be done with respect to an ice storm. dagen: not just in terms of air travel but complete preparations. atlanta and that part of georgia really dropped the ball in the last major storm. what about now? do you think these southern

cities are better prepared than they were for the last one? >> that is my understanding. be like taking this very seriously. i know somebody in atlanta whh walked we miles after his car got stuck, spent his night in his office. people are not going to repeat that. dagen: thank you so much, george hamilton, be well. connell: much more on this winter storm coming up in a minute. we will get the latest forecast in terms of where it is 5ed next. dagen: vowing to keep fighting to split up the bay. will he win or lose? stuart: marine's mission to turn areas struck by poverty in to self sustaining commodities. the best way to fight terrorism coming up on markets now.

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dagen: shares of dr pepper hit new highs. what is the story? >> look at both of these shares, their shares got their numbers, a rosier profit outlook, up 6%, $68.27. then there is dr. pepper was, posing some declines in the sale in the most recent period. dr pepper doing a buyback expecting to buy back 375 million to $400 million in stocks this year, helping to push dr. pepper to the higher levels. you are seeing it up 3%, $50.32 a share for dr pepper, at what is coca-cola doing? squeezing out a gain. bernard: carl icahn the billionaire investor who was on with neil cavuto says he is on the warpath when it comes to

ebay. dagen: elizabeth macdonald has the bottom line. not enough ammo to win this fight. >> based on the fact that a going gone behind the scenes and let's look at what the billionaire corporate raider told neil cavuto yesterday. here is carl icahn. >> what you set your sights on now? >> you know about the base separating paypal. neil: they say no. where is it going? >> you tell me. a battle is a battle. we are not afraid to fight a war. that war is just starting. liz: wall street analysts say this is like apples separating itunes from its business. basically pay pal growing at 20% year, represents certain periods, 40% of the day's overall revenues. here is the other issue, big

proxy adviser group institutional shareholders service, the way it has been moving against these proposals doesn't bode well for carl icahn. there has only been 12 corporate breakup proposals according to facts set, sent to investors since 2005. only half of those make it to a shareholder vote and the thing is institutional shareholders services already said to carl icahn no way on your move to get apple to buy back more stock. apple investors to vote against carl icahn's proposal to buy back more stock and just recently backed down on his effort to get more stock. this is the proposal whether carl icahn continues this fight remains to be seen. as a big hurdle against him. connell: thanks a lot. dagen: after slamming the south the latest winter storm making its way up the east coast, we're tracking the latest, also flight cancellations and what that means for you. connell: from the host of

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what about the dark castle? you call that defense?! come on! [ female announcer ] watch live tv anywhere. the x1 entertainment operating system, only from xfinity. connell: before ryan seacrest with all the problems of dressing, charles payne is you to make money. has a message of earnings. dagen: what do you mean another? what are you looking at? charles: the earnings that are coming out always tell us a story and a lot of times we say so and so beat by a penny and up 10. what i am saying is an amazing story of a potential nice gdp run this year driven by construction. we had 48,000 construction jobs in the january report. construction margins are up significantly and the only part of business they get guidance was construction of 10% then you

go to owens-corning, the installation business returns to profitability, new construction, pricing power is so important, leverage, roofing business back again, new construction will be huge. these things make me believe construction will be huge this year. one other earnings reports this morning, old school people watch the market and always watch the corrugated box plays. these guys with corrugated boxes and container boards, the numbers were phenomenal, inventories down, guidance strong, record numbers, these things point to an economy with potential to do extraordinarily well and be the underpinning of higher stock market. connell: you see that as one of the simple messages, by these companies or do you take that message and apply to small companies with more growth potential? charles: windier said everything on the agriculture side would be down the first thing i did was

find some places but the larger macro picture, for people who are really concerned particularly after the slow start and jobs numbers, corporate data lot more than government data. it gives us a greater insight to what is going on and i like what i am seeing so far. connell: thank you very much. dagen: this dude does look good on the american idol stage. ryan seacrest has a radio show, he has also bought off the kardashian and sunset as a television producer, now he is getting into the fashion business. jack of all trades launching ryan seacrest distinction, a clothing line that uses a color matching system to help guys match pants, shirts and ties. to launch the line, put it in 150 of its 800 stores for the fall season. prices on items will start at $45 and got to $4,500. anyone who grew up in the 70s

your animals with the tags or the head bowed to the hit bomb. you can answer the monkey to the monkey. charles: every website tells women to who to date, denies date a guy -- of they can't match their colors don't date them. if you don't want to date don't show up until this girl by the way i am using the ryan seacrest system. animals for adults. dagen: the company is owned by berkshire hathaway. connell: knows how to make money. dagen: warren buffett doesn't need to dress well. connell: can go around looking like josh, our stage manager who would be a perfect candidate for this. charles: warren buffett for stop

and frisk. dagen: can you see that? dagen: for lunch three days ago, everyone has been wearing systems. bernard: we are endorsed, storms on the way. dagen: which streetcorner kid you sleep on last month, detritus on his clothing. the house oversight committee considering the u.s. security clearance process. talk about all these people have security clearances, come up with ed snowden stuff, the a senate -- attorney brian finch coming gone and what that might mean for the defense industry it is tougher to get these clearances. dagen: atlanta dealing with more nasty weather. officials morning power outages could last for days. fox news's jonathan barrie will join us with the very latest. [ male announcer ] this is karen and jeremiah.

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nothing can reverse copd. spiriva helps me breathe better. does breathing with copd weigh you down? don't wait to ask your doctor about spiriva. connell: still coming up on markets now. a lot of people calling get catastrophic, this winter storm dumping nice and snow across the south. we will have the latest on when and where it is knitting. and a new push to revamp background checks for defense contractors, how long the navy are shootings, and hackers launching a massive attack on two bitcoin exchanges. dagen: ubs cut the rating on amazon but the company has plans. what is the story? nicole: a couple stories here, what the company plans to do

saying it plans to hire 2500 full-time workers, more than 2500 at their full time fulfillment centers and this is across the country, comprehensive benefits and benefits across the u.s. and stock is down 3.4% down $13 at $3.38 and that is on call from ubs, and cut the price target down to $3.75 which is still up side from where we are, hovering around 350, going up to 375 and put a neutral rating from a buy rating so it is worth watching this and the high 408 and change but they cut that target. connell: eyes, freezing rain hammering the south, the storm making its way up the east coast, and massachusetts. dagen: maria molina is tracking the storm. >> anywhere from texas to the state of maine we could be

looking at some form of winter weather from the storm system, that is an area or length of approximately 2,000 miles, 2,000 miles worth of some form of winter weather advisory or warning. i want to show you the set up across the southeast across the carolinas and georgia, cold air dipping down on the surface moving southward all the way to georgia. then this moisture going over colder air at the surface and when precipitation comes down actually ends up freezing because temperatures at the surface are below the freezing mark and that is why we expect significant freezing rain across georgia in to the carolinas and we have freezing rain right now being reported in the city of atlanta and across parts of south carolina and take a look at charlotte, light snow coming down right now and already reports of a quarter of an inch of ice accumulation but we expect that to continue through the day today and the storm heads no. and as we head into

first a we see impact across the northeast and by friday morning still snowing across new england. about half an inch device expected, up to an inch across south carolina and georgia. widespread 6-12 inches across the appalachians and farther north and the forecast for new york city approximately 5-10 inches of snow and it is going to be a mess because we could actually have some sleet and freezing rain mixing in. dagen: when did this start in the new york area? >> in the tristate area we expect a start time between midnight tonight and into 2:00 a.m. so it will be late tonight but it will continue on thursday, possibly into thursday night so it is going to be more than 12 hours potentially of rough weather out here across the region. those dark areas, parts of vermont, massachusetts and across maryland the higher

elevations you could see 12-18 inches. so inland areas looking at big-time impacts. dagen: there is a 100% chance that i will fall and by myself on the way to work tomorrow morning. connell: if you are betting on that. dagen: 100,000 people without power in georgia. connell: officials warn the outages could last for days. jonathan kerri of fox news joins us from atlanta with more. >> they are keeping a nervous watch on the power. also the highways are another concern. look behind me, looking at the downtown connector, this is where interstate 75-85 meet in midtown and downtown atlanta before separating again on the south side of the city. ordinarily the downtown connector is busy pretty much 24/7 and here it looks like a ghost town. people are really heating warnings from officials to stay off the roads.

georgia officials wanted to avoid what happened in the winter storm two weeks ago when people went to work expecting light dusting of snow and when the heavy stuff started falling everyone tried to return home. so this time around officials deciding to air on the side of caution, issuing a very early warning and people following that warning and by and large staying home. so traffic may not be as serious an issue this time around, this time around everyone is concerned about the power. more than 100,000 customers statewide in georgia without power in neighboring south carolina. nearly 30,000 customers, as they hunkered down in their houses to be prepared to go without

electricity for several days. connell: one note on this storm, it will not stop the power ball drawing tonight. there has not been a winner in 2014. there it is. dagen: looking bored lottery. connell: $284 million. $163 million if you go all cash making it easier. the odds are 1 in 175 million of getting all the numbers right. dagen: don't care, putting a note on the calendar to buy a ticket. preventing another ed snowden, congress looking to beef up background checks for high-level security clearances. connell: the hyatt limo service taking to these guys. what that is all about. dagen: i use it all the time. all the time. welcome back. how is everything?

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lori: i am lori rothman with your fox business brief. something to tell you about, tuileries calling 1.9 million prius hybrids sold all around the world including 700,000 in north america. japanese automaker says software glitch could cause the vehicle to stall. these remain between march of 2009 and this month. more americans keeping up with their mortgage payment according to trains union.

the percentage of mortgage holders two months behind on their payments fell to 3.85% in the fourth quarter down from 5% a year ago. 130 one chief executive officers left their corner offices in january. challenger gray and christmas reports the eyes ceo turnover month since february of 2010. the house financial sector, january ceo departures. that is the latest from the fox business network giving it the power to prosper.

connell: breaking news from washington. a senate aide told the fox business network the senate will vote on the bill that was passed on the house to raise the debt ceiling and we expect we to vote on this. the first 145 eastern time to cut off debate requires 60 votes, the second no final passage, require simple majority. 145 on the debt ceiling in the senate. dagen: bitcoin under attack, massive cybercampaign waged

against two of the digital currencies, major online exchanges. the tax coming in the form of the distributors denial of service attack which the web site with massive amounts of traffic essentially rendering them inoperable. two exchanges account for $0.50 of all bitcoin trrding volume and this attack with other technical issues surrounding another exchange have a serious impact on the value of the crypto currency in recent weeks. connell: the topic of security is interesting as well. the house oversight committee calling for an overhaul of the u.s. security clearance process comes after the background checks failed to flag aaron alexis, government contractor at the navy yard in washington last year but it is not just that. the field investigations granting ed snowden, a convicted felon bradley manning access to sensitive intelligence. they leaked that of course. for more on all of this global

security attorney brian finch joins us out of washington. it is interesting because it is kind of a conversation here especially for us from the point of view of business how far we have to go where you are not slowing down commerce. the right people can get cleared but at this point do we have too many people cleared? >> part and parcel that there is overclassification, so many different layers of classification whether it is unclassified but sensitive for classified etc. this is the criticism that has been going on for years that the government takes too much information and classifies it, four people can perform their jobs or inside government or as a contractor to get clearances so you got to start with the fact that there's so much information to do your job that is classified that you need a large pool of people who have clearance out of various to

vittles. connell: we are looking at numbers on the screen with top-secret clearances, was just on the screen so we are all numbers often and here is the confidential or secret clearance, the total is $3.7 million commitment contract so wrong numbers are eye-popping and the lot of people split up who are cleared and the tendency is to say we got to do something about this. not that many people should have these clearances if you don't know anything about it but a lot of those people need the clearances and if we do more to slow it down, what is the effect of that going to be on boeing or these companies with a lot of employees cleared? >> i can speak from personal experience. i had to go through a top-secret clearance process several years ago when i was working with the drug enforcement administration. it is a lengthy process and you don't wind up seeing much useful at the end of the day but it

takes a long time and with respect to the impact on contractors it can be significant because they have to fill out when they still got a proposal and identify people who will be able to do the work and if they can't get the bodies necessary in order to fill a proposal they won't be able to do the work so people holding these classifications become an increasingly valuable commodity. connell: i you saying there's no way to prevent those low-profile people, ed snowden that the navy yard shooting, these things that happened where people shouldn't have been cleared and they were, whether it was the shooting, or the leaking of ed snowden, is there no way to prevent that? there should be. is there something we could do common-sensewise to make it less likely? >> you got to remember classification is only part of the process. we are talking about protecting

data once it is inside the government, making sure it can't be taken out without authorization. not just access to it but how do you control data when it is at rest or in motion as it is called. these are pieces of the puzzle, just like the only defense against a terrorist bombing airplane is those screeners at the airport. there are many layers to it but to your larger point, we can't let the perfect be the enemy of the good. we have to have a slight clearance process, we have to have one that works to reach in to state and local criminal databases. there were reports about local police not sharing information wendy's background checks were being done and wants the clearance is granted is not a fire and forget but there are regular reviews on people's lifestyle. severing family problems, other issues, when they were cleared they look ok but later on in life they all of a sudden have something in their life forcing them into distress and maybe

cause them to do things that initially wouldn't have liked. connell: good to see you, thank you, brian finish. dagen: the dow off 56 points heading session lows, what happened to that rally? in honor of janet yellen, a senior managing partner at meridian equity partners is that the stock exchange? back on capitol hill in front of the senate committee tomorrow. won't see the same love? could be the exact opposite if she says something. >> don't jump off the bus so quick. a nice run-up in the market, healthy for a small pull back we are seeing today. that is how we started off. economic data we will get a normal calendar, earnings season, everyone waiting to see what the next conversation is going to be like. the next is the question and answer part. more of that tomorrow and like

you said the love it won't be there tomorrow. a more direct question, staying away from the pass in the script we heard before but i think the positive take away is we are going to continue to see the same momentum, the same movement we have seen from the government tapering as far as waiting this out as far as waiting for economic data to get better, no talk of interest rate movement just yet. that philosophy trickling over into now and stay the same will help move higher. dagen: good to see you at the stock exchange. connell: this valentine's day love will be in the air and if you have $500, you have a message to your loved ones, the car service apps is letting users in select cities higher sky writers, these messages have a 12 character limit. you have got to be concise in your wording. the other thing is it has to be

approved by and it over rep. calm down whatever you were thinking. $500 price tag is pretty good in terms of being pretty good at this. this is what this is. dagen: a great service except for the surge pricing which is absolutely absurd. is insane. what is even crazier these pictures we have. can you check out? we have a picture of a sinkhole, national corvette museum in bowling green, kentucky, small but eight corvette's early this morning, two of them on loan from general motors. you couldn't even draw a photo that crazy or make it up. or photoshop it. the fire department says the sinkhole is 40 feet across and 30 feet deep. big sinkholes. that is the kind of thing that makes me really upset. up next, you know what is uplifting? our guest coming up, former

marine fighting terrorism by fighting poverty. then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a rerement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪

y fighting terrorism by fighting poverty is the vision and mission of one former marine who served on the frontlines of the war on terror. and poverty-stricken areas of africa with plans to expand to regions others and least. connell: narrow international, jake is here. and with this company, spent time in the marines and started

this company on those companies. >> a different approach in four areas, agriculture and economic development. a lot of groups do that. he built four for profit business and they help the poor. connell: and you get out of the way. >> it is locally owned and can be sustainable. dagen: talk about what was the genesis of the idea and once you left the marines you did go to stanford business school. to do what you are doing did you need that educational background to put together what seems like a complicated business idea? >> special operations marine, and experience in combat, the connection between the desperate situations and the proliferation of terrorism and insurgency. when i got out realized i don't have the background for this. there wasn't a peace corps guy,

basically an engineer from the naval academy. i wanted to build a for profit company. eventually that could end this problem. take it at a global scale. connell: interesting to me that you talked about an awakening experience. is it a specific experience or collection of experiences over the years that you got to do something about this? >> the first marines, one of the leading units in the invasion and came across an iraqi farmer who was trying to escape across our lines with his family when this -- soldiers came to his door, basically we will feed your kids or starve them in front of you. he refused and was trying to escape across our lines and his family was murdered in front of our eyes. i see a lot in combat. this was a different problem i hadn't seen before. perhaps we could take on the war on terror a different way by attacking one of the root causes of terrorism.

dagen: you are working in kenya. what have you been able to accomplish so far in terms of business development and jobs? >> it is a pretty amazing journey. started with a handful of farmers when i started to move there, we are impacting 30,000 lives in kenya and ethiopia. we started a for profit business with four business lines. we work in a children's production, exporting to europe, we work in poultry, dairy farming and commodities exchange. connell: what the nea from people? don: dagen: i want to hear the lion story? does it go quickly? >> we are mapping the area. local leaders, in the jungle, on the boundary, and you got released till all the sudden.

actually a lion in the area killed cattle and chasing the kids, i don't go to safaris but able to see a lot of these wildlife on the jobs. connell: you need people to raise money for this. >> takes an up-front capital donation to get things up and profitable. connell: and the web site. >> anyone who can spread the word is very helpful. dagen: thank you so much. connell: we will talk about the weather, the big storm pummeling the south. latest forecast and debate on major power outages from georgia power coming up in the next hour of markets now. dagen: three puerto ricans banks on review for downgrade. cheryl and adam talk with moody's vice president charlie gasparino who says now is a great time to invest in that island. ought she'd feel better

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>> there is no dow that this is one of mother nature's worst kinds of storms that can be inflicted on the south. that is ice. it is our biggest enemy. cheryl: hello, everybody. i am cheryl clouseau here with adam shapiro to take you through the next hour of "markets now." more than 100,000 people already without power. we will get the latest weather forecast and an update from georgia power. betting big on apple. karl i god says the stock is at 535. it is undervalued. did uncle karl tutu's mind? ride the crest to the rescue.

attempting to help men. we will have all of that and more coming up on the next hour of "markets now. hello, adam. there is a market if ryan seacrest will get into it. adam: this is what you should be wearing. top of the hour. stocks every 15 minutes. stocks, well, they have seen some pickups. keeping everything status quo.

that is of the environment are in. in the meantime, pulling back just a little bit. we are watching that. the nasdaq squeezing out a light game. the fear index taking a breather. the market has turned in the last few minutes. now the fix is higher. adam: thank you very much. cheryl: a massive storm is moving to atlanta and much of the east. maria helena is here in our studio with the latest on the forecast. >> we have the perfect set up across parts of the southeast. the temperatures are dipping down below 32 degrees.

precipitation comes out. once it reaches the ground, it freezes. we have freezing rain being reported right now. accumulations out here are already up to a quarter of an inch of ice and portions of georgia. the storm system is continuing to intensify. it will be tracking northward. georgia, the carolinas, eventually some snow later today reaches the mid atlantic. a little bit of mixing can occur. you are not talking just snow on thursday, but even subfreezing rain and sleet. it will be very messy out there. as far as ice accumulation,

possibly up to an inch. that is why it is being called catastrophic. across the northeast, accumulations very impressive as well. new york city six-10 inches of snow. interior areas, that dark blue shading right there is potentially more than an inch of snow. back to you cheryl and out of. cheryl: thank you so much. adam: facing only about an inch of ice from this storm. that is enough to knock out power. brian greene joining us from georgia power right now. tell us exactly what you have on the sidelines. >> thank you for having me on. we have been here in our storm center since monday morning. we have been watching the

forecast and monitoring the predictions. the storm has definitely caused an impact to our system. we have restored about 47,000 through the duration of the storm. the numbers continue to increase. adam: you have several power restored trucks. i know during hurricanes there is kind of a staging area outside of the zone. is that the same with this? >> yes. we staged crews throughout the state from athens to metro atlanta although it over to augusta. we will start to get a good idea of where we will be impacted the most. we will do ploy the cruise to the areas where we have been hit the hardest.

adam: to the major business centers, do they have any kind of special agreements with your company over electricity usage? >> i do not know of any special agreements. we look at a system hierarchy. we will go out to those locations where, you know, they present a danger to the public. we will go to those areas first. then we will look at hospitals, nursing homes and so on. then we will move down to businesses and community centers around our local area. we are getting reports that it could potentially be a worse

outage for us. we are already at 116 outages in the storm has not happened totally to the east side of the state for us. we could see these numbers increase more than what we have seen in the store that you are referring to. adam: my brother and his family lived in doug ward. do they still have electricity? >> not quite sure. we are out there. we have crews working. tried to get as many customers on as quickly as we can. adam: we wish you the best as you get ready for this major storm. >> thank you. cheryl: down 33 points right now. time for our fox business. let's talk about apple.

you have been a big bear on this stock. cara i god joined neil. this is what he had to say. >> i think apple is one of the cheapest stocks around. tim cook and i agree on that. it is very undervalued. >> one of the cheapest stocks around. that is based on historical earnings. look at who else is playing in this game. lenovo just bought the old motorola business from google. this is a company that works on ten or 20% margins. it will go down. the custom wellness estimates.

maybe karl icahn is having an of fact. he recognizes that if they can't have the big cash payment, he may win short-term. long-term, the company is extremely challenged. cheryl: is there an entry at all? first is great television. i want to bring back up the one-year chart. actually, year over year, is stock is up 141%. >> these have been incredible stocks. they were completely underappreciated. you have seen the re- broadcast.

what this ccmpany is about is free cash generation. this is a rebroadcast. it is not just the network and it is not cable. there is also a merger and acquisition. it is almost unparalleled in any other industry. they will generate $2.05 per share. we could see this company easily trading of times. >> year to date 26%. >> absolutely nothing has transpired. cheryl: cumulus media. good old radio. here is the one-year chart. this stock has actually performed decently over the last year. >> another stellar performer last year.

good old fashioned radio. at the margin, they will take some share. however, radio offers an incredible value to advertisers. they recognize the cash flows will keep coming up. cheryl: there are george good old media plays. next you'll tell me you like newspapers. i do want to go back to apple for a moment. you look at apple. you compare it to a microsoft. it is a very different story. >> this is a telecom play. an aggressive rollout. they provide cloud networking. the management team is absolutely stellar. bacon triple cash flow.

cheryl: give me another big-name technology. thank you very much. appreciate it. adam, over to you. adam: we will go live to washington, d.c. for more on the vote expected to take place in just about an hour. i will speak with movies senior credit officer. after that, charlie gasparino will let us know what he thinks about investing in puerto rico. ♪

cheryl: the dow is down by 38 points. i was talking about microsoft.

almost two points of an impact on the dow. what is trailing the dow right now is proctor and gamble. and impact of ten points. time for stocks now. let's bring in nicole petallides. nicole: a different sort of report did what we heard from expedia. right now stock is doing great. 9151. did hit a new high of 91.79. the revenue from subscription business is up 53% in the latest quarter. some of the expenses have been on the rise. profit dropped a little. the analysts seem mixed. some have been raising their price targets. i did not see a lot of guys on the contrary.

the new high for trip advisor and they did beat on the top line. that is a big deal worth noting. cheryl: thank you very much. we will see you at the top of the hour. adam: the senate could vote as early as this afternoon on the clean measure. it still faces opposition from conservatives. rich@sid is live in washington, d.c. >> they are suspending the debt limit until march 15, 2015. all senators have agreed not to slow down the vote process. as long as supporters have 60 votes. with a storm on its way to a city that is not known to do with winter weather that well, they will begin the series in about an hour and a half. earlier this morning, harry reid

even praised house republicans, sort of. >> the house did the right thing. i believe many of my republic collings would like to be reasonable. back to you. cheryl: charles payne weizen next. adam: downgrades from puerto

rico. ♪ welcome back. how is everything?

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♪ adam: time to make some money with charles payne. will this complication spelled the end of its popularity? cheryl: and not necessarily the end. coming. the most recent is one of their exchanges. by the way, it stands for magic. anyway, not the first time this particular exchange has had problems. they started to halt withdrawals. that makes people panic. people actually started to show physical. what happened is you have a lot

of these denial services attacks. it does not do anything to change the fundamentals. it does add again to all the different problems we have seen. china has come down pretty hard on it. new york state is doing something this week. one of the more attractive features of the bitcoins thing is the fact that it has, it cannot be regulated in the sense that our currencies are regulated and manipulated.

21 million. you would not get excessive printing of the currency. that is very attractive. it still has a fair amount of people. cheryl: anyone that will get the bitcoins is looking for a gamble. charles: they usually use dollar bills. i would say the transaction thing, right now we are doing 60,000 transactions.

one tenth of what mastercard does in a day. i do see a future where they be this a role. for me, what makes me nervous is breaking these complicated algorithms. more bitcoins are released. only a certain amount will ever be mind. i just do not know. it is scary stuff. cheryl: charles, thank you very much. this valentine's day, love will be in the air. if you have $500 to spare, nor message can be in the air, literally. this friday, users in select cities can hire sky writers. they have a 12 character limit and must be approved by ed goober rat.

this is just the latest are getting stuck from goober. what would you say in your love letter to your wife? charles: i would say this costing 500 bucks, i hope it is worth it. [laughter] charles: you don't want to do the guy on the bike. not the same thing. cheryl: anyway. adam: i get to follow all of that. puerto rican the bed. can i land of enchantment get back on its feet. should you invest there now?

moody's senior credit officer and then charlie gasparino. major online gambling sites under attack. that is coming up in the west coast minute. ♪ [ male announcer ] e new new york is open.

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they don't know it yet, but they're gonna fall in ve,

get married, have a couple of kids, [ children laughing ] move to the country, and live a long, hap life together where they almost never ght about money. [ dog barks ] because right ter they get married, they'll find some financial folks who will talk to them about preparing early for retirement and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. reform month high, live to the pits of the cme for reaction. using instagram to find your next travel spot. the ceo is coming up and ryan seacrest to the rescue tell fashion challenge men to mashers with ties and pants. that is coming the. stocks now every 15 minutes. let's head to the stock exchange, nicole petallides with stocks on the move. nicole: some well-dressed men on

wall street, ryan seacrest's tips, some new highs with nothing, dow components disney, new high again, came out with numbers not long ago, great numbers across the board, lockheed martin, michael course has been grabbing the market share, state luxury retailer. it it a high today and let's look at some movers, with their earnings report, good news their overall, the buyback as well, stock to the downside, amazon doing some hiring and home depot doing some hiring for the spring. amazon hiring 2500 people. facebook and twitter two names on the move, twitter doing a revamped to look more like facebook and procter and gamble a little weaker down 2.2%. ashley: see you in a little bit. adam: the s&p and moody's downgrading pr to junk status among economic problems.

this is the common wealth to hire enough $3.5 billion debt shell to test interest in its funds. we have senior credit officer and lead analyst emily rains. thank you for joining us. a lot of attention to this potential 3-$.5 billion offering but we don't have a date yet. any reason the puerto ricans wouldn't commit to that? >> they have been working with bankers to settle on the structure they want to have, they want to do it and the amount. we will have more information soon. >> let me quote from the report on february 7th, you said we do not see evidence of economic growth sufficient to reverse the commonwealth negative financial trends. it would seem you have the month negative outlook, they won't be turning around anytime soon. >> the negative outlook speaks to pressure we see on the ratings. that pressure comes from the

economy which has been in recession since 2006 and also comes from the weak liquidity we see at the commonwealth and the constrained market access. >> at puerto rico come to market with this offering prior to the downgrade could it and had it been successful would that have prevented the downgrade? >> not a matter of duse issue the bonds or do they not issue the bonds. that is a ratings driver here. it is the quality of the market access that is more of the rating factor. we are seeing traditional municipal buyers are not in the market for puerto rico bonds. we are looking more at hedge funds and non-traditional buyers and that is going to cost higher costs when they issue the debt. that is not consistent with an investment-grade rating. >> this issue has already been talked about, $50 million increments, most likely hedge funds. why would that be considered in some cases negative as opposed

to mom-and-pop investors buying these bonds? >> the real issue with this upcoming bond issuance is less who buys it and at what rate and how much but why they needed which is liquidity has been very constrained in the last year-and-a-half and this is something they have been planning on doing for several months and have been waiting and delaying this bond issuance because the market has not been very receptive than the pricing has been attractive. bringing this to market would be positive in that it will give sufficient liquidity to make the payments they need to make including debt service and other payments the next year. >> that is why everyone is watching, so many deadlines approaching, june 30th the end of the fiscal year. thank you for joining us. cheryl: let's bring in charlie gasparino. investors are moving away from

these investmenns. >> not totally right about that. if you look at it, for calling up some trading at depressed prices depending on which the shoe, trading at $0.60, and a tax based bond is a little higher, 70% on the dollar. if you look at what is going on last month, prices of those bonds of gone up. let me make this point. what you do have, she is right in this respect. traditional mom-and-pop muni buyer, the dentist that makes enough money that they attack so much they by muni-bonds. they may not be the traditional buyer, but you have wall street, distressed debt. brokers taking the best saying we don't think puerto rico will go bankrupt, we are going to clip this 9%, 5% coupon, 8%

yield, cuban, you get paid every day but every quarter, the yield is the overall return. that yield is a huge, it is below 8%. adam: could be as high. all little bit of -- they are still going to issue it but do they sell it? if they have the money they deal with their liquidity issue at a high cost. they backed off and initially this huge bond deal. adam: early february. no committed date, supposed to be late february. >> suppose there are no buyers. who comes in to do this? lots of market speculation. i am getting this from a fairly good people that the fed provides the ultimate back upon this thing.

pr is like a state. if california was about to go under and face the liquidity squeeze, there is no doubt in anybody's mind the fed would come in and provide a backstop to the issue. cheryl: puerto rico is a different story. >> a commonwealth equal to a state. they can't speak their bankruptcy. adam: you saying the fed would buy these bonds? >> i am telling you people in the marketplace that talking about the fed being the ultimate back a. it is not an irrational thought. i don't think it is illegal. anything is possible. >> there is a clause in the federal reserve act but the fed actually buying these bonds, i am hearing what you saying. >> people forget why did the fed and the treasury, mainly the fed take the unusual extraordinary step of bailing out the banks?

adam: puerto rico won't tank the economy. >> they are worrying about the bond market and access -- listen. i am hoping it is one of thing, who cares? they go under but i am telling you that if they see a general market in implosion, watch the fed coming, this is where the government, the obama administration saying no bailout, and i believe we are talking very narrowly, the treasury won't handle the check. i believe that the fed could come in and backstop some of the stuff. "imus in the morning" cheryl: these banks that are on negative watch, looking at the structure of the banks, they are not coming in, there is a little bit of a liquidity crunch in pr. the fdic -- >> their banking system in puerto rico is going to implode,

then you set the groundwork for what happened here on the mainland where the fed, the treasury, the fdic get together and figure out a bailout plan. it is all about the market. i can't tell you. if people in washington decide that pr goes bankrupt. who cares what happens? the mini market will be fine. it is a one of thing. if they determine that this thing has systemic impact in the municipal-bond market that somehow hurts the ability of new york city or anybody else to issue new need that. what the fed come in. is a possibility. i would bet you. adam: you think they would do it without restructuring? you said there won't be restructuring. adam: i don't know. i can tell you this. the fed will do what it needs to

to protect market access, that has to do with the restructuring, a lifeline. we have never had a state -- not really a state. meredith whitney still conjuring up the notion that california is not going under. that would be catastrophic but this is puerto rico, a big issuer. charlie gasparino, thank you. connell: oil is trading near a four month high. we are live in the pits of the cme next. using instagram, the o of jet pack is going to be here. [ park sounds, sound of spray paint ] ♪ we asked people a question, how much money do you think you'll need when you retire? $500,000. maybe half-million. say a million dollars. [ dan ] then we gave each person a ribbon

to show how ma years that amount might last. ♪ i was trying to lik pull it a littlfurther. you know, i was trying to stretch it a little bit more. [ woman ] got me to 70 years old. i'm going to have to rethink this ing. [ man ] looked around t everybody else and i was like, "are you kidding me?" [ dan ] it's just human nature to focus on the here and now. so it's hard to imagine h much we'll need for a retirement that could last 30 years or more. so maybe we need to approach things differently, if we want to be ready for a longer retirement. ♪ ♪

>> home depot announcing it will hire 80,000 workers for retailers, at the mass of hiring level, the busiest sales period, home depot employees, 300,000 of them, 2200 sources across north america. 131 chief executive officers left their offices in january. challenger gray and christmas says that is the highest turnover since february of 2010. health care and financial sector led all industries with 24 ceo departures each. and prius hybrids world wide

including 7,000 in north america. the automakers as a software glitch could cause vehicles to stall. they were made between march of 2009 and this month. that is the latest from the fox business network giving you the power to prosper.

cheryl: if you are looking at places to check out, maybe a dog friendly par, a new apps promising to find those thoughts by scanning instagram photos and some powerful silicon valley names behind it. joining is julien green of jet pack and we talk about the apps buffers to your company, you have $2 million right now, the founder of paypal is with you, jerry yang, the founder of yahoo!. >> very exciting. cheryl: let's talk about the

apps. let's make some money for our viewers. what does the apps offer in terms of its gains people's photos. how does it tell me that i am going to love this place based on a picture? >> we analyze instagram photos and prepare guides for every city in the world and rate venues based upon how many voters have been shared on instagram from them. cheryl: for new york city for instance i know one of the more popular names that has come up is the hard rock cafe. i assume all the tourists -- that makes up popular destination but i will tell you high would recommend. >> locals don't go there as much. we take your photos over time and we have one died which is locals restaurants, local restaurants, tourists don't know about. we can focus on what you are looking for and you can see the

photos before you go. cheryl: this is an apps i actually use, one of the most popular design apps out there so you are developing different apps. you also had an ipad apps that didn't do as well. you were trying to do the same thing but based on my friends enjoyed their trip to italy so i decide i want to go but that didn't work out. explain what you learned from that experience. >> people love seeing weather friends of been, good recommendation for where they want to go. and fishing in brazil and they never knew and might want to do that. what we learned was people don't just want to know what city they have been to but which exact hotels, which restaurants to go to end using facebook phone no information, we didn't have that data. we decided to use instagram photos which have been publicly shared, not just your friends's

photos but everybody's those that have been shared publicly and they have specific recommendations. cheryl: looking at the difference, men with mustache. if i am looking for a restaurant that has that i don't know why i would do that. your service found lots of fashion in the country, turkey, how do you equate for those mismanaged recommendations if you will? >> we were looking to see if we could see how it still places where and in the u.s. if you see a lot of people with mustachees against the normal rate of must-wearing in the country along with coffee art and bicycles and other things we see, we realized when we use it on countries where there are a lot of mustachees like turkey and iran the hipster level was off the charts and these people,

we adjusted how many mustachees are usually in the country and if you look at the list of coffee places it works really well. cheryl: and interesting story. can't wait for the ipo. we would love to see you go public. the ceo of jet pack, thank you. adam: back to the trading pits of the cme. supplies are up this past week but crude is in the green. what is going on? >> china data overnight. it seems china's demand went up 11.9% last month. that had a lot of people in a blind spot. nobody saw that coming. that gave us an early support to the market but if you break down a crude numbers even though we have a big builder overall, in oklahoma we saw a big drop, 2 million barrels. in gasoline those supplies

actually fell more than expected down 1.853, 2 million barrels. that caught them by surprise. we are on the gas. cheryl: time for west coast minute. casinos have been hacked and the site the still down. parent company las vegas confirming attacks but did not confirm or deny customer accounts and personal information were put at risk. look at shares of this company, the stock is at $78.41. alaska state legislature is set to vote on what could be the world's largest energy project. the alaska project would cost 45 to $65 billion and allow the export of liquefied natural gas from alaska. exxon mobile, bp and conoco phillips would share the cost

with the state. the scheduled c = will vote on whether residents can legally own and operate beehives in urban neighborhoods is causing controversy. supporters say l.a. has the best climate for bees to forge and thrive but opponents say the threat of african bees or killer bees as they are known make certain beekeeping too dangerous if you are in santa monica next to the beach. that is a west coast minute. adam: from the small screen to your closet ryan seacrest getting into the fashion world's. just ahead. cheryl: pretty good stuff. as we go to break, we will be right back. [ male announr ] how can power consumption in china, impact wool exports from new zealand, textile poduction in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections

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adam: american idol judd, media mogul and designer ryan seacrest is getting into the fashion business, jack of all trades launching ryan seacrest distinction, a clothing line that uses a color matching system. to help guys match pants, shirts and ties. they're teaming up to watch the line, they're putting it in 800 stores in the fall season. prices for the items range from $45 to $500. it has been done before. cheryl: he will make a flashy and fancy. quick programming note, fox business is going to be live in miami for the next two days. florida led the fight to overturn obamacare. a new plan to get away from the grips of the a c a -- aca. governor rick scott will join me. on friday it is the largest boat

show in the nation and fox business is going to be there. millions spent on yachts, powerboats and luxury fishing vessels, hundreds of millions in south florida's economy, the international boat show all day friday and will be right here. adam: afoot in new york and you will be in sunny florida. cheryl: you will be right behind me. from florida to georgia, there is a state of emergency coming up in the next hour, full coverage of the massive storm pummeling the south with rain, ice and snow. adam: ashley and lori introduce you to the company to invest in first as the tech giant double down on the power of watson. cheryl: mammograms, a lifesaver. dr. manny alvarez, we will have more on that, markets now continues.

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ashley: good afternoon, i am ashley webster. lori: i am lori rothman. stocks taking a breather after an winning streak. dow doesn't be closed in the best levels we have seen in two weeks. ashley: another winter storm underway. atlanta hunkering down as george's governor declares a state of emergency. thousands already without power and this storm is just getting started. a live report from the region and where is headed next. lori: is a given when it comes to women's health but do mammograms save lives? one of the largest and most meticulous studies of mammography is adding real doubt now to the value to screening tests for women of any age. ashley: ditching sherlock. what has a new partner and its name, $22 million investment in the health apps startup, the

first as the tech giant double down on its plans to cognitive computing. we hear from both companies exclusively this hour. it is elementary. first, time for stocks. let's go to the stock exchange. nicole petallides, markets trading sideways, four days of nice gains. nicole: moving from comedy to computing. the dow is to the downside to the tune of 1%, the nasdaq index in the squeezing out some gains, the nasdaq the best of the bunch of 1/1/4 present antaeus and p 500 virtually flat. for the we call three major averages have up arrows. we had a recent run and the dow jones industrials move above the 16,000 mark. they have pulled back 15,961. and caterpillar and ibm, look at

amazon, we're watching amazon, and they took it off of the favorites list. amazon is going to be hiring. lori: after four days of gains, the financial chief market strategist, welcome with more on what is behind the pull back. stocks are meeting a little resistance. they came to fared too fast. >> you can't take the gold for stocks down every day. it had a lot to do with janet yellen and the house was able to pass a clean debt ceiling bill and that means the odds increase that the gop could not only hold the house but may be take critical steps needed to take control of the senate.

of legislative friendly environment, something the market would like for business in 2015. that has to do with yesterday. today not much data and not a lot on the earnings front. a little more quiet. ashley: does that mean the correction is over? just a brief rally before we move lower again? >> i think this one is probably over. this is the first market storm of the year, one sweeping through atlanta, number 20 or something. this is the first market storm. we will see four five these years. it is tougher and the next one man come later in the spring or summer months. we have seen an economic soft spot developed around that time of year. 2010-11-12. get used to this volatility. it is a lot more than the volatility we saw last year.

lori: the health of the emerging markets. the weakness in emerging markets might signal an improving global economic picture. >> it is not a sign of the emerging global economic weakness. the emerging-market >> dependent on the global softness, and depending on the central bank's pumping money on the world economies. and developed interest rates allowing all of the capital to the high emerging-market companies. the result of that is greater economic strength around the world, in europe or asia and in the u.s. means interest rates are rising, and flowback out of the emerging markets, this adjustment to that new economic environment created growing pains in the emerging markets, it is a sign of global economic strength, not weakness so i don't think this is a bear market and that is why i point out this particular market

pullback is over. ashley: that is good news. merit not be some huge bargains yet but what do you like and why? jeff: i think it is business spending oriented sectors that are going to lead the way this year. it is all about the consumer and business spending seems to be making a come back. so many orders surveys but as we got the national federation of independent business survey yesterday some fed regional surveys talk about finally spending on capital and equipment, most of that is 13 years or older. beginning to invest once again so it is technology industrials, business oriented sector, the second win for the stock market after the powerful consumer run. lori: thank you, sir. ashley: let's look at oil which has been on a tear recently. tearing earlier gains after the e i a reported higher than

expected crude supplies. fox business contributor phil flynn go to price futures group in the trading pits of the cme but oil still trading at the highest levels in four months. >> it is a story about demand. we saw strong numbers out of china. supposedly imported a buuch of oil giving us a boost. what is interesting is the market that seems to be pulling us back down is the market we thought we would be using a lot of. heating oil. diesel fuel is lower today and that is coming down because demand numbers we saw in that report were disappointing. heating oil supplies, part of that report increased so that cost the market by surprise. the good news is remember we were talking about lost oil on the gulf coast. showed up this week. imports were up a million barrels a day into the united states. a lot of that into the gulf coast so the mystery of that lost oil has been solved. if you look at what is happening on gasoline, the gasoline

numbers kind of disappointing. they were expecting the gasoline supplies would be up. they were down 1.8 million barrels, a big surprise, heating oil down the opposite you would think looking at the weather. ashley: oil at $100. thanks so much. ashley: wanted direct you to dow chemical, which i down today after the company rejected dan loeb's call for the company to split in two. dow chemical saying it had already examined that possibility and decided it would not be productive. dow will instead focus on existing plans that involve spinning off its commodity chemical operations. ashley: concerning news for toyota drivers, recalling one.9 prius hybrids after it discovered a major software glitch setting off a warning light that can cause the car to enter a failsafe mode and suddenly slowed down. not good.

the latest recall involves 1 million cars in japan and 700,000 in the u.s. made since march of 2009. lori: chalk child products maker greco recalling 3.8 million car seats after discovering faulty buckles that contract a kid in the seat. they voluntarily recalled 11 models from 2009-2013, refusing to recall car seats despite a government request. no reported injuries is to these faulty buckles. ashley: let's get to this nasty weather. a winter storm blowing through the southeast blanketing the area in snow and freezing rain, leading some roads covered with over an inch of ice. accumulations of vice on trees and power lines, bringing them down causing massive outages across the state. as you can see on this map of georgia, 114,000 people in the dark there and in total over a quarter of a million people in the south now without power when they could use it to stay warm.

fox news's jonathan braving the elements in atlanta to bring us the latest. >> what you see behind me is the downtown connector where interstate 75 and 85 marriage to become of the major north/south thoroughfare through the heart of atlanta. as you can imagine on a typical day is busy any time you look at it but right now it looks like a ghost town because most people are heeding the warnings to stay off the roads. this is avoided much of the bottleneck we experience two weeks ago during the last winter storm but georgia governor nathan deal is surging residents not to let their guard down. >> even now the real danger is people will look out the window and say it doesn't look bad. maybe we should get on the roads or go to work or do other things. we shouldn't be deceived by that. this form has come in waves and there's another wave in the

process of coming toward us now. >> that brings concerns about electrical power. 100,000 customers in georgia alone lost electricity. crews are out in full force and managed to restore electricity to some of those areas where power got knocked out but because the storm is constantly evolve in and moving throughout the southeast end up the eastern seaboard we anticipate other areas will be hard hit and lose power as well so this thing is far from over. ashley: fox news's jonathan ceres earning his pay check and then some. lori: carl icahn wants to go down in history books as someone who changed the rules of corporate governance and he is not one to back down from the challenge. with company, neil cavuto on top of this. ashley: making twitter easier to use. a major profile redesign that looks a lot like facebook.

we will show you. lori: the empire casino mogul and the fifteenth richest man targeted by hacking. [ chilen yelli ] [ telephone rings ] [ shirley ] edwa jones. this is shirley eaking. how may i help you? oh hey, neill, how areou? how was the tr? [ male announcer ] with nearly 7 million investors... [ shirle] he's right here. hold on one sec. [ malennouncer ] ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones kes sense of investing. ♪

ashley: time to make money with charles payne, looking at will refiner, marketing western refining, looking at some texas sized profits. charles: i hope so. interesting these refiners' because the last few years have been choppy but the stock has been coming nice, a beautiful chart and they all peaked seven years ago and part of the problem is the crack spread or the trade, always moving around consequently less, the revenue, the refining market crash, they were down so significantly but offset by their wholesale business and resale business which is not gangbusters but solid and steady and growing incrementally. i like the risk reward they will report later around this month, training at one third so this is more of an evaluation thing. the reason i started talking

about the wildness was because in the last three quarters, actually missed the street twice. the street didn't punish them that badly but that is something any investor should consider. i like it short-term and long-term. lori: what is your number one tip for shopping refiners'. the look at capacity of, oil prices? charles: i feel like oil prices will move higher and higher. we pull back and get this thing and soon we will have a nice, real recovery around the world and remember what happened last time that happened? the price doesn't bother me. the nuances of it do. martians quarter to quarter, but capacity for some of these guys with the retail component which states are in. i feel pretty comfortable about their business overall. by getting at this price there's some resistance at 39 and the break out happens at 40 to.

this was a $65 stock in july of 2007. ashley: very good, exercise profits, we hope. it lori: a nice run of rallied days, let's go to the floor of the stock exchange and check in with nicole petallides, one of the biggest travel web sites, trip adviser. nicole: a lot of names to watch in the thick of earnings season, trip adviser today, right now 8% so $90.92 hitting some new highs, a new record high came out with their numbers and beat the street at least on half of its. earnings came in better than expected, some brokers raising their price target but as they raise their price target they also had some negatives or neutral rating but revenue from prescription business came up 50%, and also on the rise and that at 17%, so big picture of

positive earnings for the fifth consecutive quarter. lori: thanks as always. ashley: another secret. hunting down secret business but twitter is quietly testing a major profile redesigned that looks an awful lot like google and google plus and facebook. the revamp features a greater focus on photos and content cards and moves away from a strictly vertical timeline. nothing new for twitter to quietly test new features and design updates before rolling them out to millions of users. test cases like this typically go out to was small, random group, shares of twitter down 12% so far this year but moving slightly higher as you can see. one thing people say about witter's you got to make it easier to use. they heard it, trying to do something about it. lori: is twitter complicated?

ashley: there are people who lori: 140 characters. the hash tag, the apps. ashley: some people copy. lori: i think it is information overload. ashley: talking about information overload, when high speed isn't fast enough. traders are going to never-ending ways to trim milliseconds off of buy and sell orders. laser beam. lori: altogether, laser beams. a shocker, one of the largest and most meticulous studies, health screenings and not reduce breast cancer deaths. doctors in the house, dr. manny alvarez is here. ♪

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lori: the debate over the effectiveness of mammogram screenings got more interesting than the new study found getting a mammogram test once a year as recommended may not read this the risk of dying from breast cancer after all. what does this mean for the future of milligram testing and what impact will this have on names like general electric, siemens, fuji films? a major role in developing

technologies, the imaging machines associated with mammograms. fox news health senior editor dr. manny alvarez joins us with some answers. your reaction to the study? >> you have to respect the data and this is a randomized trial, well conducted with a lot of serious scientists but to me it has no application in 2014. lori: i don't understand. >> it was conducted in the 1980s and one thing we know for sure is the technology utilize in the 1980s with all due respect to the canadian government was not the same technology we have today. the digitally clement manufactured by some of the company you alluded to are astronomical. lori: like 3d imaging. >> so there point is all these mammograms and self examinations and the end of the day the mortality is the same. we don't know exactly a lot about the population of the

study, genetic risks, family history, we don't have any data but the numbers were very large. lori: is the take away strong enough or not from this test to alter the recommendations for how old you should be and how often you should get out mammogram? >> the authors suggest the federal government, policiesmakers to start making some changes. it is about dollars and cents and all the respect to these colleagues we know that mammography saves lives. if you catch it, and early in the game, we know technology is getting better and cheaper so right now i don't think this is going to take anything whatsoever except put some doubts in policymakers where they should be paying for mammography, but at the end of the day mammography is here to stand women listening to this message should continue with their doctors recommendations,

get mammograms and because it does save lives. lori: how does this study stack up against research from the american cancer society which shows mammograms to reduce the death rate from breast cancer by 15% for women in their 40s and 20% for women older than 50. >> a 29 year study by the swedish, they are good social democrats, in their twentysomething study, 30% reduction in cancer deaths. you have a lot of studies. this all happens to be the most recent one but looking from the point of view that you look at breast cancer every day in american hospitals they tell you mammography works, continue to do it but do it in the center of excellence. things have changed. you don't look in the yellow pages and say mammography center, let me go there, they are registered with different

medical societies and medical experts. only reading mammogram which is also very important so you don't overdiagnosis. lori: good advice. have a good one. ashley: all right. thank you. we will find out your tax minute. doubling down on hacking. the web sites in las vegas have been hacked to. users receive an error message when they try to visit the site. they have yet to say of customer credit card records are being complicated but there are reports that employee information and social security numbers, nevada state gaming control board investigating the fbi also aware of the breach. shares of las vegas up 45% in the last year, also another 4% today. wave of the future come march, a company plans to lack the nasdaq data centers with lasers. why?

faster communication. market data and faster trading, lasers will be placed on high-rise buildings so computerized trading firms can place their service at the exchange's datacenter is resulting in rapid-fire buy and sell orders. high-frequency trading firms account for about half of u.s. stock trading today. and french president francois hollande is not addictive to social me and when asked about twitter he looks at it, quote, when they show it me or even show it to me. presumably they is his staff. there is an addictive side to social media. for the record there have been no selfys posted from the white house on his official twitter account. francois hollande is in silicon valley to correct misunderstandings about france and promote its love of innovation and start ups and money might spend in france. the president will attend lunch with executives from google, facebook, twitter and the next.

lori: how about this? and case in ice and freezing rain and snow. dangerous situation in georgia as a powerful storm knocked out power to 100,000 people. ashley: $100 million to burn but where to spend it? which company ibm seeks to invest in first as a double down on the power of its cognitive computer watson. don't go away. you make a great.

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of 51.03. they came out with their numbers, decline in sales but profit looking good for dr. pepper. we're also watching deere and vonage, two other names that came out with their quarterly reports. vonage to the downside and deere, tractors and the like up a quarter of 1% as they came out with their numbers as well. we have been watching key technical analysis and of course earnings. back to you. lori: nicole, thank you. for more earnings news keep it here on fox business. on "after the bell" liz claman and david asman will have results from cisco and cvs and more. tune in 4:00 p.m. eastern. ashley: will be busy show. weeks after ibm announced it would set aside $100,348 for startups, the watson group is already dishing out the dough. part of a $22 million investment in well talk. a denver-based company is using the funds to develop a

watson-powered health app. all very high-tech. joining us with a fox business exclusive. steve gold. at watson and jeff margolis from well-talk. this is fascinating stuff. let me begin with steve and, steve, ask you why ibm decide to invest in this particular company? what appealed to you? >> so i think there was a number of things that were factors. first and foremost is the work that we have been doing health care for the past 2 1/2 years in commercializing the watson technology and applying cognitive capabilities across the way medicine is being taught, research, practice and paid. secondly certainly the management track record at well-talk. jeff is proven in the industry, has a proven track record and so that was very attractive. i think third is the way in which the use case that they envision for the public and how

they're going to use this technology really aligns to watson's ability to navigate natural language, to take advantage of large amounts of big data, disparate data and most importantly, it leverages watson's ability to learn. ashley: well, jeff, no pressure but ibm is expecting big things from you. so listen, congratulations on getting this investment. what should we do first? explain what this company does. how does that app work and how is it ground-breaking. >> sure. welltalk is in the business of helping align consumer behaviors and activities with incentives and rewards and the macro issue here is that most of the u.s. health care systems and frankly the worldwide systems of health care have been about taking care of sick people. our health optimization

platform, cafe well, that helps consumers like you, me and everyone of our family and friend work on their own health and be rewarded for doing that. what we're doing with ibm, who we're extremely excited to partner with, is we're talking the power of cognitive computing and we are making it so that as consumers navigate the complexities of health care, that they have a concierge alongside of them where they can ask questions in natural language and where they have the tell against of watson helping them figure out, really, the fundamental questions of how can i be as healthy as i can be and how can i get the most value out of the health care system. ashley: fascinating stuff. steve, you know, we talked about this before but what other applications do you see this type of cognitive computing really making a difference? do you have other companies out there that you're interested in

investing in. >> you know, we do see it making a difference. i mean clearly cognitive represents a new era of computing. building from 100 years ago, tabulation machines to the 50s where we saw programmatic computing take ahold and what wg built on the programmatic era. it opens up a way for organization to engage with their customers, or patients or clients or citizens. we think this is game-changing, that this is transformational. the way people will be able to experience this is like never before and clearly this spans across industries starting with health care where we think there's a tremendous opportunity for watson to lend itself towards the quality of care that is being delivered and the experience individuals have about managing their own health care. into the financial sector, into retail or telecommunications, or

helping solve problems. helping individual answer questions that they have about products or services. so we think it's a pervasive technology and we think the opportunities at this point are literally limitless. ashley: should send it to washington to sort out congress. that's what we should do. jeff, very quickly, we're almost out of time. when would this app be available? what are your plans if what's your timetable? >> well, we've already been able to build a prototype with ibm which we've been able to demonstrate at several different venues already. we already have a couple national level players who are interested in working with us to put the technology in. we'll be releasing it no the commercial market in the second half of 2014. ashley: very good. just around the corner. best of luck with that. steve gold, jeff margolis, thank you both for joining us. we appreciate night thank you. >> thank you. lori: call it the buyer of last

resort. charlie gasparino with exclusive details on the desperate times for puerto rico. ashley: plus the very latest on that storm slamming the south, louisiana to south carolina getting a blast of ice and snow. fox's rick reichmuth, he's a busy guy. he is tracking the storm's path as it closed in on the mid-atlantic, oh, yes, the northeast. his forecast ahead. welcome back. how is everything? there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex.

>> i'm jo ling kent with your fox business brief. owners of three-year-old vehicles are reporting more problems than they did a year ago. j.d. power and associates dependability survey found average of 133 problems per 100 vehicles. that is up 126 problems from last year. that is the first increase in 11 years. cadillac, lexus, mercedes-benz had fewest reported problems. dodge, land rover and mini have the most. home depot will hire 80,000 workers for the spring sales period. that is the busiest improvement period. the home improvement retailer says that matches last year's hiring level. google widened its lead to 79% of the smartphone market in 2013 that is up from 69% in 2012. all that according to the international data corporation. ios market share slipped to 15.2% last year, down from 11.7% in 2012. that is the latest from the fox business network.

lori: all right. the financial situation of puerto rico certainly unstable. what is the latest and when will we see the next puerto rican bond offering? could the fed end up being the buyer of last resort. charlie gasparino is here. >> i would say the fed being notion of buyer of last resort is something you hear about a lot of market participants talking about. i tweeted it out. there is huge discussion on my twitter page, gasparino.com. there is huge debate whether they have legal responsibility. john coffey said they probably do. lori: columbia law professor. >> one of the best. they will do this bond issue. they need the bond issue for liquidity. that means they don't have enough money on hand to pay for essential services. they want to do a huge bond issue. it has been out there 2 1/2, $3 billion. we hear the bond issue is expected sometime in march.

that is what muni market sources are telling us. sometime in march they're likely to come with this. and here it gets tricky. will they have enough buyers out there? the buying public is already constrained for these bond since they have all been downgraded right? they're downgraded by every ratings agency. they're considered junk. muni funds -- ashley: are out. >> they're out. they have to sell high yield funds. they are looking to sell to distressed investors. it is a distressed credit. hedge funds and high yield funds. that is what they're looking. the question is there enough out there of those places out there? that is where the fed comes in. there is a lot of talk about possibly the fed coming in. now there is a debate -- ashley: they can't go bust, can they? >> you can't declare bankruptcy. ashley: you can't declare bankruptcy, no. >> they're a u.s. territory. the federal reserve act, fed only buys bonds agencies of the government. although they did bail out all the banks and buy their garbage. by the way why doesn't a

commonwealth, why can't you skirt the rules a little? it is possession of the u.s. you can't sell, consider that agency of u.s.? there are ways, i'm not a lawyer. take it from me if you could bail out the entire financial system and bail out puerto rico you could do that too. that is what is out there. listen for average person out there i'm not recommending buying this stuff. i would say this, since december, late december, the prices have been going up, not down. now they still trade at very depressed levels. the gos at something like 65 cents on the dollar. cofina is tax based bond. that is acronym of one of their agencies. trading 70 cents. they have been stable and going up in pricee yields going down which means people are buying them. lori: people getting distressed opportunity. junk is yielding in the single-digit. ashley: where is the way back for puerto rico? that is the -- it is losing

population hand over fist. lori: it has potential in tourism. >> that is the bear case. losing population. raising taxes. middle class -- ashley: government workers. >> clearly fleeing. too many government workers, impeded by slow growth policies. that is the bear case of the bull case which someone like particular kin at sims would tell you is listen, the government is raising taxes to pay for stuff. they're starting to constrain the budget. this government is more engaged than the city council or mayor -- ashley: taxes are beneficial -- >> two ways of looking at it. here is another bull case. a lot of smart money, distressed investors smell yields of like 10% on this deal. ashley: right. >> or maybe more. who knows. maybe the coupon will be 10. bond, muni bond pays you a coupon, right? then there is the yield which is effective interest rate which includes the price, how low the price is. if the coupon is at 10, the yield could be as much as 12, that is triple tax-free, 12. lori: bunked dell these with

other distressed assets, i don't know if we're doing that these days. but manage the risk. put it across the board. >> i would say that if you're, if you want to gamble this is a fun gamble. remember it's a gamble. i'm not recommending buying this stuff. they will come out with a lot of supply. here is eerie parallel with puerto rico and the big banks during the financial crisis. during the financial crisis the banks needed to recapitalize, merrill lynch, so they sold a lost stock to recapitalize right because of limited access to markets. all this stuff, puerto rico, not enough money on hand to pay your bills. merrill, citi, they started issuing, gets loans from sovereign wealth fund and started issuing debt, excuse mes stock, which theoretically diluted existing shareholders prices went up in short term, everybody thought it was a bailout. it was a short-term fix. that short-term fix we point out, if looking parallels did not work f you're looking at

parallels between short-term fix of banks in 08 and puerto rico, you're in deep trouble f you're banking on that, that parallel is diss is truss borrowing a federal bailout which always could happen. lori: love the chat. wish we could go longer. they're giving us the hook s that the way you put it? giving me the hook? >> god forbid that people won't know that the market is down, right? i mean if that doesn't stop the presses that the market is down. ashley: it's down? there it is. >> there it is. it's down. if you don't show them that every 35 seconds you might never know what might happen. ashley: down 18. lori: cya, fellows. cya. ashley: thank you. on that note, charlie gasparino storms out of the studio. the bulls, they're also running, running out of steam. the dow cooling off after the strongest four-day winning streak since mid 2012. we're back at the nyse for trader reaction. lori: we're glued to the weather

map. live report from fox news's rick reichmuth on the massive winter storm. where it is headed and how it will impact your travel next. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.

ashley: as we do every 15 minutes let's get back to a check on these markets. jonathan corpina on the floor of the new york stock exchange. bit of a breather today, jonathan. is the correction over? >> that means that there actually was a correction. i'm not calling what happened a correction. ashley: okay. >> that was a slight pause a step back in our market. i think what we've seen is the market has rebounded nicely. investors are hanging on what miss yellen is saying and more comments coming out tomorrow. if we shorten it up a little bit as we get later on this week

we'll probably see profit-taking coming off the table due to the long weekend coming up. historically we start to see that. a lot of news can come out over the weekend. overall net-net i think this market will move higher. ashley: that's good. for earnings people say for the most part they have been okay. quality of earnings comes into question and what is your take? >> it is also guidance. i think guidance has become much more realistic in the society we're in now. the bar was set way too high. i think investors feel confident gets real news and real expectations. ashley: we're over the jitters from the beginning of the year, that's for sure. jonathan corpina. thanks so much. >> thanks, ashley. lori: as we speak the southeast is bombarded with winter storm wreaking havoc and causing 3,000 flights to be canceled as the storm begins to head north. rick reichmuth from the fox weather center with the latest on the storm and its path. rick. >> lori, the south has so much snow this winter and they're in

the middle of the worst storm yet. great news in atlanta, they had the storm couple weeks ago and meant everybody is off the roads there. other places, around the south they have major traffic problems going on. you can see we have winter storm warnings from parts of vermont to areas of mississippi, so a big part of the country. the big problem is where you see the purple. you have ice storm warnings in effect. we'll deal with one of the worst ice storms we've seen in decades across parts of the south. atlanta, 2, you look at radar, it is not white or pink. it is sleet or freezing rain there. along i 20 towards augusta and columbia, south carolina, the pink, we'll talk about major power outages and a lot of tree damage. some areas getting up to an inch of ice accumulating on every surface you see. every tree, every power line, every bridge, road, car, all of it. you get the idea. that will cause major power outages and tree damage going on for probably at least five to

six days. this storm eventually turns into a for easter. we'll see this really begin to develop and explode across parts of the coast. we watch this pull up towards the northeast. anytime you have a nor'easter, the track of the center of the storm becomes very crucial to where it is rain and where it is snow. at this point it will be so close to the coast, potentially four to 8:00 inches of snow in new york, six to 10 in philly, the line could move more west, more rain into the cities. that is good news to keep the snow levels or tot lori. lori: the south, that is horrifying. >> sure is. lori: rick reichmuth, many thanks you. >> bet. ashley: you don't earn the title activist investor from backing down from fights. lori: which, carl icahn he says is quote, far from over. his exclusive interview with neil cavuto is next. [ female announcer ] who are we?

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ashley: billionaire investor carl icahn tells your newell cavuto is is on the warpath with ebay. with more on this elizabeth macdonald with "emac's bottom line." liz, does icahn have enough ammo to win this fight? >> good question. good to be with you, ashley and lori. here is what carl icahn told our very own neil cavuto yesterday on his quote, war with ebay. take a listen. >> who are you setting your sights on now? >> first of all you know on ebay. >> you want them to separate paypal, right? >> absolutely. >> they say no. >> they already said no. >> where is the battle going? >> you tell me. a battle is a battle. we're not afraid to fight a war. >> that war is not done? >> that war is just starting. >> so the question is, it is all about breaking breaking paypal away from ebay. paypal is growing 20% a year. any given period it represents

about 40% of ebay's overall revenues. anytime that we've seen, put to a shareholder vote the breakup of a company, meaning that shareholders have to vote on breakup of a company since 2005, half of those demands don't even make it to a shareholder vote. so carl icahn, really has his work cut out for him if he think that is ebay is going to carve out and separate paypal away from it. already ebay is saying no to that idea. all right carl icahn had to back down from his demand to get apple to buy more stock. a major proxy group said no to that idea. one analyst said essentially breaking paypal away from ebay, like itunes being split away from apple. sending it back to you guys. ashley: liz macdonald. fascinating stuff, thank you. >> melissa francis joins us now and she will guide you through the next hour of fox business. melissa what do you have coming up? melissa: the federal budget comes out at 2:00, we're seconds away. the markets are pretty much flat

in anticipation in wait and see mode. after four days of gains. ashley, what do you think about all this? ashley: it is interesting. off the board a little bit but not a correction according to our analysts. sounds like a great show, melissa. take it away. melissa: absolutely. thank you so much. all right let's go right to peter barnes on the breaking news. peteer? >> hey, melissa, a break-even month in january for the federal government, about break even. the treasury department just report ad small deficit for january of 10 bill dollars. that compares to a small $3 billion surplus last year when higher income and payroll taxes kicked in as you recall but the bigger picture is fiscal year-to-date, the first four months started october 1st. the deficit continuing to shrink to 114 billion, compared to 290 billion in the same period a year ago. that is a reduction of more than $100 billion year-over-year, helped by higher tax revenues from both individuals and