markets as well. [closing bell ringing] liz: disney hitting a new all-time high out there. >> 80 bucks. liz: for those that own that in your portfolio, it is widely-held. david: we're awaiting for the big battle between the ackmans and icahns over herbalife again. today it is trading in upward fashion. we will see more details what it has been doing in the last quarter when its earnings come out. as soon as that happens we will take you right there. let's take a look how stocks are finishing up. as you can see the dow is trading down right now. we have a mixed market. the vix is up a little bit today. sometimes we get a sense from the vix what is happening with other indices. we can tell you nasdaq, tech heavy stock continues on the way up rampage. it is up 4200 points. liz: up 28 points -- david: 4272 right now. that is a 2-point gain. huge gains -- 28 point gain.

>> the russell up to 1161. we heard this time and time again that the small and mid-caps are just not happening and they are as we are. "after the bell" starting right now. liz: let's break down all the action today. we have ryan dietrich, schaefer investments research senior technical strategist who will tell us one investment opportunity that nobody is talking about that you need to know about. and mark travis, intrepid capital management ceo is here for three stocks picks for your portfolio along with larry shover in the pits of the cme the dow couldn't quite make it, lair rift we care less about that we see once again a feign for s&p, nasdaq and russell on a day data was not worse. empire index much worse than expected, housing numbers at least the sentiment wasn't good higher. what is propelling this market

higher? >> people are starting to localize the news items. figure this. we have the nikkei rallying 3% last night. nobody outside of japan really cared. we had a major bank of china, liquidity drain. outside of shanghai nobody cared. as you mentioned, too bad, or one bad housing number. we had the empire survey come out and nobody cared. i think at end of the day, people are giving the economy the ben fed of the -- benefit of the doubt, realizing the momentum is weather relation. we're hearing a lot about it but seeps to be true. the weather has decimated our economy and we will recover and pent-up demand will come back. david: decimated parts of it. this is a big economy. it's a strong economy. mark travis, when you look at markets that doesn't give you easy gains you go back to basics and those basics are looking for companies that have a little bit of debt and a lot of customers out there dying for their products. do you fine any stocks like that

in this market? >> david, it is really tough. if you take a long-term view and go back five years you know the s&p is up close to 20% annualized from the bottom about this time in '09. it is hard to find unloved securities but we found a few. first is aaron's. franchise furniture store business, rent to own. that customer is struggling but we think the shares have merit. that is been -- has been announced an offer for the company. we don't know if they have the equity capital to take it out at $30. the company has net cash and a million seven customers that use their products some that is a name we like. liz: ryan, let's get to the macro picture. we'll get to your picks in just a moment but i'm wondering how you are near-term bullish and why and give people your sentiment behind it? >> sure. liz, when you look at the market we had that 6% correction.

there was incredible fear. vix calls, and polls are extremely bearish and now we have the bounce. what is happening the bounce keeps going and not letting bulls get back in. s&p on 50 day moving average. now it higher again. end of february historically is kind of boring maybe we catch our breath and march and april are two strongest months going past the 20 years. seasonality it looks good. small caps started to lead late last week. we know they lagged all year. we have tech leadership. small caps are jumping in. it still looks pretty good to be bullish for next several months. david: larry talk about earnings. we're about to get herbalife. what do you think of the earnings season so far? >> i think the earnings season has been good. beaten he can accident takes on a large percentage on the top line. people need more than that they can't get their head around the fact how could you have corporate earnings expanding and a benign global situation

especially with emerging markets. it only goes that far and right now we're looking at multiple expanding about 15 1/2 for 2013. we'll start to see a summertime look at $128, $130 per share that takes it down to 14.3. bottom line is macro boredom like we're having right now might bode very well for multiple expansion but to answer your question it has been a really good season. liz: well look, herbalife has what, 1.7% dividend? mark, you're picking western union for example, which we just had the ceo last week. people want to count this name out because of the competition that swirls around it but you're getting a 3% dividend on this one without a lot of the drama and the opportunity for this company to really participate in what could be the technological advancements of money transfers. >> well, liz, you're absolutely3 right. i think this is a wonderful business. believe it or not it was one of the original members of the dow

jones industrial average. they started. liz: that is interesting. >> they started the telegraph back in 1871. then money transfer took over in 1980. they don't do telegraphs anymore obviously but it's a business very consistent. almost to me like a bond. generates a billion two in operating income. their dividend is higher than you said. it is about 365 i think at this price. and you know, when weecapitalize that free cash flow we come up with a higher share price than where it trade today. so i think it is something safe and cheap in a market that is pretty extended from my point of view. david: mark, i want to stay with you for a second because american eagle outfitters, that gets to the question what the consumer is up to. great company concerns debt. the debt is negligible if it exists at all. >> exactly. david: you have what, a 3.6% dividend so it is paying out money as you are holding the stock. but it depend on the consumer

and aren't there are a lot of mixed signals what the consumer is doing? >> david, you're absolutely right. if you look at companies we looked at a lot, aaron's rent a centers, another public company we looked at, american eagan bell and abercrombie & fitch and aeropostale, competitors in spae struggling with getting styles right and getting them out to the market quickly. jay shot 10 stein is back as ceo. he ran the company from 1990 to 2000 two. there is no debt. 250 million in cash. there is 1000 stores. new stores are opening up and they have been very good to shareholders and dividends, buybacks and occasionally a special dividend. not sexy today but i think you could get a higher price if you're patient. liz: might be sexier than ryan's picks because that is why we love you as a pair. ryan going in completely different direction with names

like ak steel. you like market vectors, gold miners. you are going in the direction where people ran from last year but ak steel, it is interesting, 23% of this float is shorted? why are bears so bearish about this and you're so positive about it? >> that's right, liz. we talk about steel. had a terrible year and really good fourth quarter. we compare it to solar what we saw last year. solar had a great move. steel will be the next solar in our opinion. when you talk about ak steel, again there is lost shorts on it. we follow options activity at schaeffer's. a lot of puts. people are betting against it. pick a reason i don't care. the bottom line the overall price action is starting to improve. all that negativity still out there in the options markets and shorts to us is future buying pressure and up a lot from the lows last year but it could really go rest of the this year we think. david: ryan, there is lot of questions about housing right now. we had mixed signals coming out today about it. you think it will continue to roar ahead. you're for lennar.

you have home construction etf, i shares u.s. home construction, itb. why do you think that housing will make it when there are mixed signals on the horizon? >> look at today's data. it was poor yet most housing stocks were down less than 1% and they fought back. we like to see that. since the september lows housing has kind of leading higher. lennar, huge, 17% of the float sold short there. a lot of bearish puts at itb, the etf we mentioned. significant puts put on it. those are negative bets.% with any good news. today was bad news, they didn't go down much. any good news they could go higher as economy expands second half of the year we think. liz: mark travis. ryan dietrich, larry we'll see you when the pits close. david: thanks, guys. one of the economists on the street says, those numbers have mixed meanings. alan blinder, former fed vice chairman will join us and he

will be coming right up. liz: shares of forest labs in pure focus. soaring as the company agreed to a buyout from act at this sis. we're talking to ceo of forest labs exclusively. how did the deal come about? he made a $3 billion acquisition of another company just two weeks ago. what does the future hold for this company? david: we want to hear from you ahead of earnings tomorrow. tesla, did you see, hit another all-time high today after two upgrade and reports it has met with apple about coming up with some kind of a i-car apple and tesla are working on. whatever it is, the stock is up over 200. is it overvalued or is it a buy? what do you think? tweet us at fbnatb. ♪ [ ma announcer ] what if a small company

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david: let's head right back to lauren zimmmerman on the floor of the new york stock exchange. lauren, what have you got?3 >> take two interactive. rallying 7% today. you know take-two interactive. relatively small company. $2 billion market cap. smaller than electronic arts. they're the name behind grand theft auto 5, selling gangbusters now. the studio behind bio shock, called irrational game studio,

17 years old, closing its doors and laying off most of its employees. separately, david einhorn building a 3% stake in take 2 ininteracttve. that is the news an sent the shares up. thank you, lauren. s&p futures are closing. let's go to larry shover. how are they looking, larry? >> after we rallied 6% the last nine trading days the million dollar question is where do we to from here? seems vaguely familiar, 2013, in that the pain trades continue to be going higher. it will not be easy. we'll have fits and starts. we'll be grinding higher doesn't mean we can't be and shouldn't be vigilant. there can and will be changes in the market that might change sentiment but for now the pain trade seems to be on the upside. david: larry shover. thank you very much. liz: he has been called the

chuck norris of big pharma and with good reason. after turning around bausch & lomb before selling it to val ant pharmaceuticals, brent saunders, he is only 43, we hate him, completed another huge deal just months after becoming the ceo of forest labs. acts at that voice from dublin just bought forest labs. where does he and the company go here. he joins us with a fox business exclusive. just two weeks ago you were talking about how you forest labs which was -- >> 9. liz: 2.9 billion doll company. this is great, acquisition tear and suddenly you are the target. how did the deal come about. >> shows you how dynamic the environment really is. this came after their chairman and i got together for a social dinner. liz: actavis? >> actavis. got together for a dinner. purely social. liz: when?

>> three weeks ago maybe. we just started talking about our companies and the strategic rationale started to become apparent to both of us very quickly. we started to look even deeper at it in the financial rationale was even stronger. it just made sense. liz: well the deal was for 25 billion. that worked out to be $89.48 per share. 25% premium. the stock closed above that today, at $91 and change. which lead some people, you can educate me, but did they pay too little? >> no. actually the reason the stock closed a little higher is we're taking 70% of our premium for forest shareholders in the combination stock. and so as actavis stock goes up, the value to forest shareholders goes up. so that is actually what is causing that differential. liz: actavis stock, the acquirer, also jumped but you were on a tear for forest labs, ticker symbol, frx. that now leads to the question what does this new company become? you guys were very focused on

alzheimer drugs and also a couple other drugs that could be opportunity for irritable bowel syndrome victims, et cetera. does that continue. >> that continues. what this deal symbolize as new breed of pharmaceutical companies. when i was here last time speaking to you, the health care is the most dynamic sector of our economy. liz: right. >> i think companies that aren't willing to change their business model, to and adapt to the dynamic sector of our economy will get left behind. liz: one of the things you do was to figure out sort of an end-run around some of the generic companies of, which actavis is a generic drug company, by, for example, nomenda was a drug for alzheimer's. instead of just improving that, you came out with namenda 2, which would force companies in generic business to go for two separate creations of a drug. a lot more different cut and time-consuming, correct. >> that is absolutely correct but the beauty here, the new company, combination of forest

and actavis will be balanced company. 50% of sales coming from brands and 50% coming from generics. having those skillsets together in one company creates a special sttategic operating company. liz: the carl icahn question. >> yes. liz: you guys have to know he has had many meetings with carl icahn, in a way carl wanted management change before you came in at forest labs. >> that's right. liz: he got a seat on forest labs considerable time ago. he has been part of this for a while. he comes out a winner. what does he say to you? >> carl deserves to be a winner. he was the driving force behind a lot of positive change at forest. i think he really kept us as management focused on drivvng value for shareholders and he was a terrific shareholder. so he is very happy with this transaction. he put out a press release he tweeted, he really views it as one of the best pharma mergers in the last decade he. liz: cops out a financial winner certainly. some people argue that activist

investors, i'm not saying carl is one of them, because he stays in stocks longer, contrary to what charlie gasparino callssyou a greenmailer. hi, carl. but some people argue that activist investors get in for the short term and pull out once they have made their money. this is not that you're telling me? this is long-term shareholders this will continue to be a good deal and not just immediate spark plug of a pop? >> i think that is absolutely the case in this instance. carl was a holder for almost three years now. he continues to hold the stock. perhaps he will be a holder in the combination company. i know he believes in the strategic rationale of this deal. he likes the financial rationale of the deal. so i can't speak for him but i think he is happy and he gets what we're doing here. liz: netflix is running "house of cards" and there's a big episode about alzheimer's and how one man is involved his wife, suffering from alzheimer's. i began to think about forest

labs and what you guys have done for those sufficient iring from alzheimer's. will that continue? can you really find a solution to this. >> yeah. look, i think that is a difficult question. the one thing i can tell you the combination of actavis and forest will spend twice than what forest spent alone on r&d we're absolutely committed to the alzheimer space. we have two drugs. the xr version. we talked about it for namenda. we have a combination pill for ara sent, the only other drug approved for alzheimer's and namenda coming out in 2015. liz: they're committed to the path you started? >> they are. they are absolutely committed to invest and have durable portfolio and look for innovation to help patients. >> as we leave, you will have seat on combined company board? >> that is correct. liz: you had a short-lived seat on this one. >> i'm very committed to the combination. we'll see how things work out. liz: i'm sure uncle carl is

looking for your next opportunity. you've been a great leader. >> thank you, liz. liz: brent saunders, forest labs ceo and president. company will double spending on research to look into other drugs. david: thank god they're continuing to look into alzheimer's. for carl icahn to hold on to a stock for three years he is a believer. alan blinder is a believer as well. former vice-chair of the federal reserve. one of the most distinguished economists of his generation. he is wading into the controversy whether the affordable care act, obamacare, is a job killer or not as its critics suggest. he is our guest. he takes issues with that. debate is coming up on that. liz: i am wearing this color because we have a silver medalist in our midst. devin logan made olympic history in sochi. medaling at the first-ever sky style competition. you may not know she had a hand in designing her own uniform. she will tell you all about that and what it took to become an

olympic medal winner, silver, in a few minutes. david: east coast, east coast. ♪ [ male announcer ] legalzoom has helped start over 1 million businesses.

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>> i'm jo ling kent with breaking news onr earnings repod they post ad beat on revenue coming in at $1.3 billion, beating what the street expected at $1.25 billion. shares adjusted eps. beat of 1.25 that we were, street was expecting. record net sales hit $4.8 billion. that is record according to the ceo and they're also announcing that the board has authorized increase in the share buyback program to the tune of

$1.5 billion. taking a look at the stock in after-hours, it is up more than 3% right now, liz, dave? liz: thank you very much. herbalife moving higher and carl icahn would love that too. he has a two for one today. forest labs and herbalife. time for a quick speed read, some of the day's headlines, five stories one minute. january was the busiest month for wall street's top bankers since 2007. bankers at the six largest u.s. banks reported selling $26 million of stock during the first month of the year. i would think that million billion? china passes india to become the world's largest gold consumer. demand rose 32% compared to one year ago. consumers bought 1120 tons of gold. beating 920 tons purchased in india. sony sold 4.5 million playstation 4 worldwide. bitcoin atms are come to

the u.s. robo coin announcing plans to install kiosks in seattle and austin by end of the month. sales of gluten-free products soaring to $10.5 billion as 11% of households purchased gluten-free products. they estimate the categorygore will produce $15 billion in annual sales in 2016. buzz buzz. david: i know you like this next guest, liz. the congressional budget office reported a shocking that the new health care law could cut 2 to 2 1/2 million jobs from the nation's cumulative job growth next couple years. this led to critics of the new law calling obamacare a jobs killer, something our next guest vehemently rejects. is alan blinder, princeton university professor and former federal reserve vice chairman. he is author of the book, after the music stopped, the financial crisis and response and the work ahead.

professor, thank you to see you. thanks for coming in again. >> thank you. david: talk about what we agree on with regard to the cbo report. that obama care will mean that many people will choose to work less or not work at all. now why is that not bad news? i would think that is bad news. you say not necessarily. why not? >> not necessarily. could be, not necessarily. let me just say it is not great news if there are fewer people working in general but think about what non-working means. it may mean staying home to care for a sick child, a sick parent. it may mean retiring a little bit earlier. social security leads people to retire earlier, a lot of people actually. we don't think that's a bad thing. david: well, but, if the, if fewer people are working, and fewer people creating goods or services, that means the economy is weaker, does it not? >> i wouldn't say weaker. it means it is slightly smaller. because -- david: weak -- that sound like a difference without a

distinction? >> no, no. weaker suggests people are looking for jobs and can't find them. then the economy is too weak and we need to boost demand that is the situation we're in today by the way. david: yes. >> but, just take an example, as our population ages, which it is, the labor force participation rate naturally drifts down. we don't take that as a weakness in the economy. it is just the way it is because people are getting older. david: well, it is not only people getting olderrer though. some people in their prime years have dropped out of the workforce as well and that's the problem, is it not? we don't want to affect people who are in their prime and to the extent that the new health care law does that, it's a bad thing, no? >> no, i agree with that. it is not a great thing. it is not a great thing of the argument i was trying to rebut the idea that it is killing jobs. that jobs are disappearing from the economy because of the aca and that is not what the cbo found. david: but it is a question what

incentives are in society. >> yes. david: we all know the importance of incentives. you have to have a society where people are incentivized to work. and to the extent, for example, sort of related to this, to the extent our welfare laws may provide disincentive to work that's a bad thing and this sort of operates in the same direction, right? >> yes, it does and it's inevitable, as i said in "the wall street journal" piece i wrote about this, it is inevitable if you have anything that is means-tested, if it is a means of it tested program which all believe they should been be shouldn't have rich people collecting these benefits. if it's a means-tested program as your income rises, one way your income rises you work more hours but however your income rises your benefits from whatever program it is, welfare, aca, even social security may change, grow down and that is a work disincentive exactly as you said but it is inevitable. david: professor, i don't want to sandbag you if you don't want

to answer the question i understand. but the cbo just came out with a report that suggested raising the minimum wage would cost 500,000 jobs over particular period of time. forgive me, i don't know what that time is, but what, what you know about that report, what is your response? >> well i haven't read it. it just came out as you said, david. i haven't readed it yet. i glanced at the conclusion. first of all to the point we were making before, this is about the cbo is about destroying jobs, causing a wedge in the job market and actually destroying jobs. the number that heard, now i didn't read all the analysis behind it, strikes me as little high. you need to estimate these. there are a lot of estimates on effects of employment of changing the minimum wage. they're mostly come to very small numbers. and by the way, 500,000 sounds like a lot but it is over a period of time, it's a very small fraction of the workforce but that said, relative to what

i think i know, the number seems a little bit high. on the other hand, cbo is straight shooters. they're not trying to buy us things one way or another. david: because they're straight shooters and you accept may be some damage to creation of jobs because of this do you think it is good idea to go ahead and raise minimum wage even though it would destroy some jobs, maybe not 500,000 and but some? >> i think it's a god way, because you need to weigh mostly when you talk about the things of the minimum wage the income gains of people that keep their jobs at the higher wage against losses from the much smaller number of people that lose their jobs. so there are losers and winners as there is true of most changes in government programs but by almost every calculation that i have ever seen or you can imagine, the winners gain more than the losers lose and so, on balance, within reason, look, i wouldn't advocate a 20-dollar an hour minimum wage.

you will be causing massive job loss by that. but a modest minimum wage increase i think is beneficial. on average, not to every person. david: you know, professor, i always want to argue with you, but he end up with me talking me out of arguing with you. that is credit to your distinction as a professor. >> to your open-mindedness. david: thank you, alan. >> thank you. liz: he is among the best of the best. david: he is. liz: alan blinder. retailer target has been under the investor microscope after that massive hacking attack but could it be time to get back into the big box retailer? we tell you why options traders are the most bullish they have been in eight years on the stock? that's next. david: congressional researchers just reported as we just mentioned that raising the minimum wage to $10.10 will result in significant job losses how much could a minimum wage increase have? you heard professor blinder on that. we have the latest report from

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is. david: by now we all heard of and played the popular game, "candy crush." more than a billion types, the new game has started. king, the company responsible for the newest sugar addiction, the profits surged to

$7.8 million last year..3 they are making plans to go public. investors are worried the king could suffer the bitter fate as american rifle zynga. liz: which filed for a ipo in 2011 and seen its stock tank over the past three years. will king rein among online game make officers. david: we'll see. after hitting a 20-month low earlier this month, options traders turned bullish on retailer target. in fact they're the most bullish on the stock in almost eight year. liz: should you follow the crowd or does the retailer have fundamental issues it can not overcome? with us, paul tressel, he is deutsche bank analyst who is following this stock. your price target is 60 bucks. we're enough of a ways from that that it has a long way to go but is this simply a case of a good company having a bad thing happen to it? >> i think it is a good company that has had a number of bad things happen to it and quite frankly i think that will be very different for them to

overcome in the short term. liz: beyond the hacking, what else? >> credit card breach was just the latest headwind for a company that already had slowing sales, that already had a very bad entry into canada, that has really impacted the financials. and quite frankly we don't know that the value is really there in this stock at this time. david: let me just remind viewers if they had forgotten, you haven't forgotten if you had one of accounts stolen but 40 million accounts were stolen. have they done enough to correct that so it won't happen again? >> yeah, i think target's management has done a really good job, getting in front of customers, letting them know what has happened by offering overdraft protection, credit protection. so i think the management team has done a very good job, transparent in this whole ordeal but it will come at a cost of a few hundred million dollars. i think that is something that could impact the buyback program in place. potentially that will be another

headwind for the shares going forward. liz: after all this happened the stock hit a 20-month low and suddenly the bears retreated and you now have options buyers who are jumping in and acting very bullish on this the number of calls out there is really significant at this point, highest in eight years. >> it is. for any stock that has underperformed the market by 31 points over he last year, it is going to screen well on value but if the company going forward continues to have negative same-store sales trends, does not buy back to the same extent they had promised investors just a few months ago, we think that the stock really could just be treading water near term. david: there is also the amazon factor because so often when i'm plugging into target, sometimes i will go specifically for tar to look for an item, google and find out target has it and find out that amazon has it at a better price. how much amazon's aggression willing to squeeze their own profit margin down to practically nothing, going the other way, how much has that

affected target? >> tremendously. we saw a recent study by kanter retail, the core target customer shopped at amazon in the last four weeks. the percentage is 68%. david: whoa. >> so there is very high crossover rate between the core target customer and amazon shopper and target's bread and but remember product that is you said can easily be found on target such as -- david: i'm not only one that does that? >> not at all. liz: so you think the options bulls out there taking a bullish bet are probably going to be disappointed? >> i do. the company reports next week and we'll find out soon. liz: we'll know. david: retailers very quickly, what are better retailers? macy's for example? >> macy's, costco, dollar general, retailers taking market share, have positive traffic and have the best brands. david: by the way, remember this guy is not a bear. he still thinks target's stock should go up. if he is saying all these things, imagine what a bear would say.

good to see you, paul. >> thank you for having me. david: paul tressel, deutsche bank. the controversy over the minimum wage heating up once again. non-partisan congressional budget office saying an increase in that wage could cost hundred of thousands of jobs we'll briig you details coming next. liz: the color of the day is silvvr. she is an awl-american hero. look what is around her neck. it is a silver medal in the first-ever ski slope style at the olympics this is devin logan. hi, devin. how she helped one of the sports brands design her uniform. ♪ (announcer) scottrade knows our clients trade

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♪ david: that song you're hear something rough riders by dmx. everybody knew that, right? liz: of course. david: one of the songs our next guest listened to get her pumped up ahead of big olympic debut and win in sochi. liz: first time sky slope style was event at olympic games. the winner of the first olympic ski style, devin logan. david: that is great. >> hold up the medal. that is beyond cool. what was that moment like. david: it is heavy. >> yes, super heavy. the moment was undescribable. i'm still in awe and just so happy to be there and represent

my country and come home with silver. liz: look at this picture. what was happening right there? >> i think i was going down for to grab on my first jump. david: we should emphasize as you see the contortions, we were comparing scars before we came on. i have an acl that was blown out. you had a blown-out knee and doing all the contortions. how do your niece feel after all that. >> feel great. i have a knee brace that helps keep everything intact, everything held tight. have you seen a orthopedic surgeon since the run to make sure you're still tight. >> i'm fine. our doctors were there. the doctor that did my knee surgery was there. he gave me a huge hug and we took a bunch of pictures together. david: that is great. liz: you wore a special uniform you helped design. that is north face. that is one much your sponsors. we know about rule 40. rule 40 prevents any olympian talking about all kinds of endorsements, et cetera, but how did that come about where you

got to design your own uniform. >> working with north face and finding out our sport was in the olympics in 2011, they wanted all of our inputs to make the uniform as much as we want to feel comfortable so we don't have any extra pressure or any nagging. so worked with them. liz: what did you ask for the uniform? >> everything down to the socks i was wearing. there is lot that you didn't see to make us feel as comfortable as possible. we wear very baggie clothes as you can tell. we wanted to have room to do our maneuvers so. david: now the olympics is not over. final ceremonies haven't happened yet. we heard the horror stories and dirty war and people breaking into hotels. is that one of the reasons you came back early? what was your experience there? was the experience as bad as some of the reports said? >> it is not as ad as everyone is making it out to be. at first we had some brown water but it went away.

david: you did have the brown water? >> it went away. it was not that bad. i felt very safe and our accomodations were awesome. i got to room with my good friend and teammate. that made up for it. liz: your mom, who hadn't flown in many years decided to make that trip. yet she kept her back to the competition. she couldn't watch. covered her eyes? >> she can never watch us. she was way more nervous than i was. it is funny. i have to fly all the way to russia even see you. it was great having her there she hasn't seen me ski in a long time since being injured. having her there are to the support and moment after i won, giving her a big hug and water works happened. david: oh god. i went to college in vermont and you did most of your early training in mount snowy is couple miles from where i use to hang out. east coast skiers are taught by west coast skiers like liz claman, come on, have we done, have you done a lot to

kind of bury that old myth that if you live on the east coast you can't learn to ski properly? >> i think you learn to ski better, if you can ski on ice you can ski on anything. david: bad conditions in the east helped you be better skier? >> snow was man made. it was sugary so i know how to deal with it. david: sugary meaning it was scratchy and icy. >> it wasn't really icy. it was very warm the day we competing. >> are you going back for the closing ceremonies? that is a most fun part. >> i'm a little upset but i'm happy to be back here though. david: you didn't get upgraded on your way back. >> oh, yeah, i did. david: first class is little better. >> just a little bit. i don't know if i can go back. liz: when rule 40 expires come talk to us about your new endorsements please. >> hopefully i get some. david: congratulations. keep it up. >> thanks. liz: devin logan, silver medalist. david: you're an inspiration to all aclers out there. thank you very much. minimum wage hike could leave hundred of thousands of americans out of work according to the non-partisan research

paper..3 we'll head to d.c. for the very latest on that. liz: plus the navy's new weapons sound like straight out of "star wars" and might remind you of the laser guns used during this scene. we've got details coming up. >> don't get cocky. >> still more of them out there. ♪ you'll need when you retire? then we gave each person a ribbon to show howany years that amount might last. i was ying to, like, pull it a littleurther. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin h much we'lneed for a retirement that could last 3years or mor so mbe wneed to approach things dferently, if we want to be ready for a longer retirement. ♪

liz: so the non-partisan congressional budget office reles ad report that weighs the cost of raising the minimum wage. david: we heard alan blinder talking about it. peter barnes with the latest from d.c. i don't know if you heard professor blinder he is in favor of the administration but he says the cbo plays right down the middle. >> yeah, i guess but, alan blinder will talk about that. here is what the report said. that increase in minimum wage that the president supports would cut 500,000 jobs from the u.s. workforce by 2016. the president sports a democratic proposal to increase the minimum wage from 7.25 an hour, currently to 10.10 and hour by 2016. cbo said the increase would raise wages for 16.5 million workers by 2016. now the partisan reaction here

was swift. a spokesman for house speaker john boehner said in a statement, quote, this report confirms what we've known long known, while helping some mandating higher wages has real costs including fewer people working. kong r congressman chris van hollen top democrat on budget committee, said today's cbo report confirms raising minimum wage in best interest for our country. as for the projected job losses, van hollen said, quote, the cbo acknowledge that is findings on job growth are very uncertain. white house economists got on a conference call to say they believe cbo's estimates do not reflect consensus view of economists who said a rise in the minimum wage would have little or no impact on employment. so, david and liz, if everybody is taking shots at you, it must be right down the middle right? david: yeah, i think so. alan blinder is in favor of the administration. he said it depend at what price, how much you jack up the minimum

wage. probably $10 wouldn't have that much of an effect. at $20 it would. all relative to how much you jack it up. peter, thanks. >> thanks. liz: let's go off the desk, navy's future weapons sound like something out of stars wars, right? in the next few years the weapons will become reality. the navy plans to put first laser on a ship. you're kind of looking at it. it will test a magnet lick railgun on the ship within two years. the weapons can be fired continuously unlike guns and missile batteries which run out of ammunition, david. david: that is interesting. number one thing to watch tomorrow will be the minutes from january's fed policy meeting. investors are going to be examining as they always do the report for any kind of details on the fed's decision to scale back its monthly bond purchases by an additional $10 billion per month, to 65 billion. the january meeting was the last one of course for former federal reserve chairman ben bernanke.

ben bernanke adieu. liz: adieu. we're watching herbalife in after-market session. it moderated. it is where it closed yesterday, meantime -- david: "the willis report" uhhh. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameprise created the exclusive.. confident retiment approach. now you and your ameripise advisor can get the real answeryou need. well, knowing gives you confidence. start building your confident retirement today. if ...hey breathing's hard... know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours.

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