liz: bad news for dendreon shareholders. filed for bankruptcy. [closing bell ringing]. it's a biotech that got into real trouble. dendreon is a one we have to watch. >> a win is a win. even if it doesn't have the conviction of past rallies over past couple weeks. all indices positive. dow moving to the upside as we go into late trading. we'll figure out whether the i is trading up into tomorrow as well. it looks good. zap is also up. winner at bottom of the list. the russell 2000, small and mid-sized caps you can't keep them down. roaring back, coming back, trying to get to an even point and getting beyond all of the indices are in the green. we have a busy time. michael powell, coming up, former se -- ftc chairman talking about what will happen with the internet. "after the bell" starts right now.

liz: let's get to today's record-breaking action. mark luschini of janney montgomery scott said investors need to pay close attention to valuations. things might be getting expensive. alan lancz thinks stocks will move higher. inverse need to find specific growth areas. that is harder to do. chris gersch from the cme. we begin with chris this monday. major records again, if you had to pick one driver, what is it? we had decent earnings. the markets are very forward-looking. >> the market is very foe ward looking. news out of alibaba is fantastic t says strong consumer. right here in chicago, the hit was on commodities. you add gold and oil way down. that is due to the stronger dollar. so the news here, we're about eight points higher on s&p futures. actually leading the equities into a high every close. to us, that looks like a good

carry-through for tomorrow, especially if we continue to see movement we do in commodities. david: mark, let's start by talking about oil. you have two oil picks. chevron and conocophillips. they are great companies, no doubt. but the price of oil doesn't seem to is a bottom. if the price keeps going down on oil, won't that affect chevron and conocophillips? >> dave, no doubt. they will continue to face pressure if oil prices continue to plummet. we think right now oil prices are, they will find a foundation here at some point in the not-too-distant future, principally at marginal cost of production. companies will start to pull away from production if it goes much lower. in addition to that, at end of this month, opec meets in vienna. they will talk about what if anything they do to halt supply of oil on markets. such that they could restore something in terms of oil prices. so collectively we think oil stablizes. meantime, in both those

companies, chevron and conocophillips you get well above market dividend yields. david: that is true. >> that will provide some cushion against falling prices. liz: mark, bring you into the conversation. as he points out you have a great tailwind when it comes to low energy prices. talk about what would be a headwind, not a richly valued market but some would say is fully valued. how do you pick out gems still a little rough around the edges but have room to run? instead of trying to pick a bottom, liz, you can buy a company likely i don't know dell as far as commodity chemical companies they benefit from lower energy prices. the stock is down from 115 to the mid 8 0s with 3 1/2% growing dividend. you participate in the market with not ring of chasing high

growth areas or trying to pick a bottom in energy. that is the best way to play the market now and look at energy towards year-end with tax-loss selling and more pressure. david: chris gersch, you were prescient, not to up catch the falling knife, i'm talking about gold. the price continuing to drop another 22 bucks today. where does it go from here? >> the big thing in gold, i told you not to catch the falling knife because it looks so tempting at 1200 to buy. ral 40 handle above that. you need to look at vix, spiking above 18 and s&p closing two days consecutively. historically our desk has seen that as opportune time to potentially get in. i see gold settling right below its lows right now, 1150, 1140 range. david: would you get in at 1150? i'm asking, will you be buying right now at this price? >> if vix goes 18 and s&p is down, i'm buying. there you go.

liz: you're then buying. let us go back to mark luschini. talk about your favorite, you talked about energy but your favorite mad money play meaning if you had extra money sitting under the mattress you could take a risk on what is enjoyable? chinese internet stocks? they seem to be doing well, or turn your nose up with something like that. >> we would go to europe. liz: really. >> frankly european valuations are 40% discount to the united states. we're starting to see net positive credit flows in the month of september, which is turn around like we haven't seen. liz: can you define that for our viewers. net positive credit flows. >> sure, actually pang, bank loan portfolios expanding instead of contracting as a result of them passing the stress test. we think that valuation disparity is going to converge as we see better news coming out of europe. so far over the last 12 months or so, the news has been basically negative.

it is poised for a positive surprise if you will we think will be helped by mr. draghi's action as european central bank. so in the next coming weeks if not months we expect to see positive news coupled with low valuations reignite investor sentiment towards european based equities. david: alan, when you look at all the bad news in the world, there is a lost it, talking about overseas, we have a segment on japan, some people say now is the time to come in. they're still in depressive state, japanese economy, europe hasn't recovered. yet you see gold, gold is falling. there is no safety play in gold. i wonder if u.s. stock market climbing walls of worry the past couple months has now become a safety play for international investors? >> oh, it definitely has. we've seen some of our russian clients as far as get away from the ruble and want to invest in the u.s. including u.s. real estate. so it is definitely a safe haven. you know that, old, cleanest

shirt in the dirty laundry. i agree with mark on this essence that europe is down so much that you know, the netherlands play of lyondell and, chicago bridge and iron and even the london company, glaxosmithkline, all good companies, trading very low at depressed valuations. said it is time to get into europe with profits in the u.s. and valuations have crept up but you're right there, david. liz: chris, treasurys. they're con conflicting opinions an beliefs when people say go long treasurys. he doesn't matter. he feels rate will soon. he says opportunities in treasurys, dead money, go with name after company that returns dividend gentlemen are speaking about. what are the flows? what are you seeing at treasury world in the cme?

>> liz, we're seeing interesting correlation. this entire afternoon the move in the treasurys is highly correlate to the dollar. we saw yields climb nine handles along with the stronger dollar ends if the yen and euro. if that correlation continues and we continue to see, as your previous guests mentioned, ecb going to a quasi, let's make no mistake. europe is a buy. quantitative easing is coming there. then the yen is continuing to fall apart. so as dollar gets stronger and correlation of higher yield, i'm saying buy bond right now. david: mark, are you at all concerned about deflation right now? i know other countries are. japan certainly. europe as well. are you concerned about it here. >> i'm not concerned about it here, dave. i do think that we pose some risk of incorporating disinflation from overseas activities. clearly there are country, particularly in the euro area already are in the mid of deflation but i think it is one of the things that doesn't necessarily raise risk in terms of us experiencing it here in

the united states but a reason why we're quite comfortable with bond and think that bond yields would stay lower, drift even lower, all the while equities go up because of massive disinflation on a global basis. liz: just as important to ask you guys what you're investing in, what you would avoid. alan what are you staying away from right now? >> you know, out of it, avoid the commodity space. catching a falling knife. we recommended selling three years ago in gold, when, it had that parabolic increase to 1900. we haven't got enback in. same thing with energy and basic materials. i think there will abbott. maybe out of the next year, end of this year or early next. instead of picking a bottom i would wait. in the interim, some other companies like the kept chemical companies will benefit from lower energy prices et cetera. those are areas i avoid. interest rates will stay low.

so bonds are quiet for a while but be careful with bonds. david: guys, thanks. liz: alan lancz, we'll come back to you after the record breaking futures close at the end of the day. david: the president wants the ftc to regulate the internet like a utility but would that be good for consumers? we'll ask the person with arguably the best vantage.of the issue. former fcc chairman himself, michael powell. liz: looking for a bargain when it comes to investing in who isn't? please, you better look abroad says blackrock's russ koesterich says one country that is still super cheap but ready for a breakout. david: why your holiday gifts could be stranded on a barge. damaging evidence against gm in the faulty ignition recall. liz: hank greenberg will take the stand this week against aig. it is fox businesses exclusive

with the timing and that much more with our panel straight ahead. ♪ (receptionist) gunderman group. gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. i just talked to ups. they got expert advise, special discounts, new technologies. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! (all) awesome! i love logistics.

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another innovation from cvs health. because health is everything. liz: up, down, this is a very volatile name. shares of wearable camera maker gopro flying into the red, falling more than 4%. david: nicole petallides on floor of new york stock exchange. michelle, gopro. >> gopro, cool camera. everyone laughs to have one if they're biking or snowboarding.

shares on other hand, you have to have a strong stomach for this one. it is volatile stock, liz as you noted today, down 4%. this that they're doing secondary offering along with the chief executive himself, nick wood man, selling a portion of his stake as part of an $800 million offering. we'll learn more about it throughout the month. they expect to raise about $100 million. the other thing that you should look for when you're talking about gopro is december 20 second. that is when the lockup expires. that is when the initial shares can be sold by some of the insiders. traditionally you might see the stock sell off on that day. so it has been a wild one today to the downside by more than 4%. back to you. >> thank you very much, nicole. david: the s&p futures have about 2seconds before they close. let's go back to chris gersch in the pits of cme. we saw a lot of buying at the end. session. is it continuing after the session? >> it is continuing. there is a slight pullback of about a half-point more or less.

the trend is to the upside. look for a great open tomorrow. liz: great open tomorrow. we like to hear that. david: the trend is our friend indeed. thanks, chris. liz: is there any place in the world where stocks are cheap? our next guest has found the answer. it comes from the third largest economy in the world, japan the stocks did rally on word that the japanese central bank will begin a yen printing program similar to what our markets loved here. russ koesterich, chief investment strategist says there is still plenty room to the upside. russ, good to see you. make the case for managing equities. -- japanese equities. >> most equity markets in the world have seen increase in valuation last couple years, certainly true in the united states. japan is a exception. japan remained very cheap. most of the gains in 2013 came from earnings, rather than multiple expansion.

if you look at japan relative to the united states on price to book, it trades half the value. now that said, a lot of people could point out it could be a value trap. why buy it now? there are a couple reasons to focus on. verying a agressive central bank they have evidence 10 days ago they increased already aggressive quantitative easing program. second, a very big reallocation by the japanese pension fund and domestic bonds into stocks including domestic stocks that trade in japan. david: let me bring politics into the mix here because we just had election. market is doing great here. the electorate sun happy. that is the way they voted. the japanese are not happy. average japanese feel they saw the value-added tax go up by a significant amount. there will be a another increase in that tax coming next year they promise. the savers are getting killed, just like they're getting killed here. what if the slowness of the

economy, the japanese public revolts against current policies? the central bank vote was very close. it was a 5-4 decision. >> it was. certainly the next hike in the consumption tax scheduled for october of 2015, that is a risk. that could hurt the economy but there are a couple things investor keep in mind. first which split criminal, prime minister abe has a very solid majority. he is in envoyable position, a position most u.s. politicians would love to have he an his party control the japanese government. they have a lot of latitude. second of all, a lot of people pointed out correctly we haven't seen the reforms in japan that we would like to see. worth pointing out in in couple places, female participation in the workforce and corporate governance. for example, outside directors on boards we've seen some progress. the u.s. direction may help

japan as republican senate raises likelihood after free-trade agreement to asia which would be huge boost to the japanese economy if it goes through in 2015. >> i will throw another macro thing to you. the population is getting pretty old in japan. they don't have the kind of vibrancy from our country does, like and very few immigrants there. >> that is completely fair. that is the time frame of this investment idea, if you look long term, japan has two enormous headwinds, demographics as you point out and very large amount of sovereign debt which is overhang on the common. this is not an investment you want to put away for five or 10 years. this is looking out, next, six, 12, 18 months of the longer term issues are real. one reason you may not want to overstate this position. i think for investors with 12 or 18 month horizon there is lot of opportunity next year, year-and-a-half. david: what do we buy? if folks are convinced another

year or so it's a good bet, how do they play the bet? >> couple things to do. simplest you buy an mutual fund or exchange traded fund that mirrors the japanese market. for investors looking to get a little more granular, look at japanese six call companies, japanese exporters. these are ones, particularly those with large domestic onshore manufacturing likely to benefit from quantitative easing. that quantitative easing is pulling down yen and making japanese exports more attract at this on global basis. david: you made a good case, russ. russ koestrich, blackrock chief investment strategist. thanks, russ. >> thank you. liz: the president says we need new rules regulating internet to insure fair access to everyone. we want to hear what you think. david: here is the big question, should we regulate the internet or free market determine the price on its own? send us a message on facebook or

tweet us @fbnatb. is it time for the ftc to regulate internet. liz: last hour we heard from larry flynt. the porn industry could be affected. we'll hear from former commissioner michael powell on this one. david: he might agree with larry on this one. liz: could be. possible all-out shutdown on west coast ports threatening holiday season. there is work explosion an some u.s. businesses could take a huge hit or be shut down themselves. we have all-star panel to weigh in as christmas approaches coming up. david: a massive winter storm dumping sleet and snow on several states in the midwest, bringing gusty winds, plunging temperatures to the region. we'll bring you latest whether the storm could be in your area next. liz: jeffries says four oil names could rally 20% or more even with low oil prices? don't you want to know which ones they are? stay with us.

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up. retailers in focus with major names set to report earnings and of course the holiday shopping season straight ahead. not to mention china's "single's day," where singles buy themselves presents. fox business's adam shapiro, brian sossi and greg zuckerman, "wall street journal," writer and author of "the frackers." i can't imagine you would pick fracking stocks for this particular segment, greg, how does it look heading what is expected to be psychologically better who say season for the consumer? >> i'm con bullish on consumer stocks. people bellyache about the economy but stock market near a all-time high. unemployment is dropping. we have interesting kind of events going on, people make the estimate. then we'll get more jobs over the next few months. i'm thinking this will be actually a pretty good year-end for a lot of consumer type

stocks. brian, we get walmart, s nordstrom, jcpenney's kohl's these are major retail earnings names. who hits it out of the ballpark, who does really well and -- >> liz, almost setting up saying holiday environment will be very promotional. i'm thinking margin pressure and stocks cratering. walmart, jcpenney, will be under significant pressure because they can't sell anything at full price. who is winning? nike and foot locker. they are feeding off the what nike brings at food locker. liz: i go to the stores where they do cheap stuff. >> tj maxx, that stock at 52-week high. liz: i outed myself as being cheap. but adam shapiro what do you think? who really stands to gain here at a time consumer finding surer footing? >> surer footing, getting bigger pay increase than from employers with the lower gas prices. nordstrom, this is if you have

extra cash and something special you go to a place like nordstrom. liz: nordstrom has outlet malls. that is what i'm always looking for. let's move it to something a little disconcerting, a lot disconcerting actually, we have a port slow down going on, due to the fact the port workers longshoreman have been working without a contract since july 1!. how did this go so long? barges are sitting sitting withs with what i want to give to my kids on holiday season? this could be a big problem. >> this disturbs, retailers kept inventories absurdly low. that suggests to me there will be a lot of out of stocks. buy on black friday even though price may not be the best. who benefits, oddly enough, walmart, which brought in all holiday goods earlier than many rivals. liz: they were ones that said they noticed port slow down and they are okay right now.

ann taylor is noticing this. companies are writing a letter to the obama administration please intervene. among them the consumer electronics association. gary shapiro runs it. he was here exclusively today. listen to how he is worried about this. >> a lot of jobs are at stake. not only imports of consumer electronics and toys and apparel but exports of consumer products. liz: this time something horrible. >> i've been covering these markets for a few years and every few years we have some hand-wringing about a port crisis. it is always around november and always figure it out by christmastime. so i'm more optimistic about what will happen here. liz: but at a time, greg, at a time, just as things start to look better this is disconcerting. >> if he don't figure it out. the sense i get people are focused on it. and adjusting. retailers are more prepared. >> adam, what do you stand on it.

>> people paying extra fees to airfreight a lot of stuff. won't do much good to blame administration. faulty cargo equipment. we were at equipment in long beach where bigger ships are coming. they don't have infrastructure and don't have things to move them on a tractor-trailer and get them off the train. liz: smartphones will be hot gifts under holiday tree and under what we call it, adam? hanukkah bush. will best buy get hurt by this? samsung, apple. >> i'm looking at a lot of big box retailers that depend on constant replenishment of their orders. from investment standpoint who will be hurt? railroads, in stock market terms are priced for perfection. if they go by airfreight, those will be hurt. liz: one railroad was really concerned. it may be union pacific. but we'll watch that.

another potential black eye for gm afternoons, you guys are ready to talk about this? on the faulty ignition recall. the man behind the $40 billion lawsuit against the u.s. government will take the stand. dave, it is a fox business exclusives. david: we love our exclusive here. the president saying the internet should be regulated like a utility like water or electricity. could that actually end up hurting consumers? we'll ask former fcc commissioner michael powell right here. martha stewart has someone new in her life to bring her coffee, a drone. she tell us about that ahead. jeffreys says four oil stocks could rally 20% or more. we'll give you names coming right up. ♪ so ally bank really has no hidden fees on savings accounts? that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates.

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ask your doctor about cialis for daily use so i can reach ally bank 24/7, but there are24/7branches? it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates. david: oil prices slid again falling to $78 a barrel. jeffries sees four oil stocks with huge upside potential. first baker hughes. may have fallen 9% in the last year but jeffries has a $74 price target. that is a 40% upside potential from its current price. cnj energy services had an impressive earnings beat. revenues improving for three consecutive quarters. jeffries target of 29 bucks per share that would be a 50% gain for shareholders. there is industry leader halliburton. you know the firm.

revenues increasing 60% during first nine months of this year. jeffries has a price target of 74 bucks. that is 40% up side from here. schlumberger is last name on the list. they see the stock headed to $119. that is 20% rise from today's close. even if oil is down you can still find bargains. liz: amen. david, fox business learned exclusively that aig's hank greenburg who is suing the u.s. government for $40 billion along with other aig shareholders will take the witness stand later this week in washington, d.c. possibly as early as thursday this is major lawsuit, a major case that many people are watching. adam shapiro, brian so sy, greg zuckerman are back. greg, the news is he is on the witness list. he will take the stand on thursday or friday. there are nine people on the witness list fox news has learned and this is case that has gone a little quiet since hank paulson testified and former treasury secretary

chairman ben bernanke. they were all in there. when he walks in how big of a deal will this be? >> this is huge because it's a fascinating case because many of the people on wall street and elsewhere thought it would be dismissed and he would lose immediately. the judge seems really sympathetic to his arguments. not to say he will within but a much better shot than most people expected. people figured it was a crisis much they made certain decisions the government, what are you going to do but he has a shot. he does. liz: adam,, he is suing as he was largest shareholder of aig was never allowed to jump in to profiled a private market solution to the liquidity crisis aig had found and u.s. bought illegally seized the government, did what it would and hurt shaar holders. >> geithner has testified, you got people saying there was no time to bring in like mr. greenburg to find a private solution. if you could win or lose from this thing, the end of the day

the government and aig will wind up losing no matter nobody, mr. casano, at aig, nobody that contributed to problems has been charged criminally or civilly. >> i obtained the list of the justice department who will testify, jimmy lee the jpmorgan banker is there. of the chief financial officer of aig david herzog. john stadinsky, blackstone. hank is 7th on the list from thursday or friday. >> he didn't even get off the plane. he was around china. liz: he was in china. back here. my sources are saying heading to d.c. >> really big development because what i feel, highlights that environment that we were in 2007, 2008, and it brings to light to investors despite stocks being what they are you still need to be caution. there is still risk in the system. that will dig up the old school memories. liz: who wins this? hank greenberg? >> i think the government might win this. liz: greg, what do you think real quickly.

>> the government but better one for hank than you would have thought. liz: sympathetic judge. emails showed that general motors ordered half a million replacement ignition switches nearly two months before revealing or telling the government its cars should be recalled because the switches in them were defective. adam shapiro, you're the real car guy here. this story that the dribs and drabs of information is disturbing. >> it is sis you are turking and another black eye for general motors. it is not uncommon for a company to do preorder before a recall. it talks about urgency to ramp up production by delphi. mary barra doesn't take the reigns until january which this email came out in december, did she know what was going on and was she briefed about it? it was still two months before the recall. liz: that he she was head of parts, brian. >> i don't believe anything gm.

full disclosure ever since muffler fell off my 87 monte carlo i have been mad at gm. that is what you want to think about as investor. liz: does this trail lead to mary barra? >> i'm not sure. i take my cues from the stock market. gm is not down much, one or 2%. liz: does it get hammered? >> do people start worrying about the name and quality and safety. that could be real disconcerting. >> we'll find brian's old monte carlo. he says please don't. adam adam shapiro, and brian so sy and greg zuckerman. -- sossi. david: president obama wants to classify the internet as a utility and industry is firing back. how it will impact big businesses an consumers coming up. a major winter storm dumping ice and snow on parts of the midwest. those storms moving to the east

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>> the president calling on the federal communications commission to set new tough rules to make all internet traffic equal. how would this impact not only the cable and internet companies but also the consumer? david: joining us now is former fcc chairman and national cable and telecommunications association ceo and president michael powell. michael, great to see you again. >> great to see you. david: overall the big question, should the fcc be regulating the internet as if it was a utility? what do you think? >> i think the simple answer is no. all you have to look at is the state of utility infrastructure in the united states with crumbling roads, with breaking water pipes and browning out electrical grids and ask your sells is that a superior way to regulate the most dynamic

infrastructure in world history? i think the obvious answer is no. liz: what about accusations, michael, we're thrilled to have you, because your comment has real heft here. what about accusations little guy gets shut out? we had larry flint and the founder and chairman of "hustler," the porn industry using the pipes quite a bit when it comes to internet. he says some companies get trampled by bigger ones and comcast and time warner cables of the world might hurt little starter companies. is there a way to bridge the gap without being onerous to the internet? >> short answer is of course. it is easy to hypothesize a bunch of she rhett call harms but for nearly 20 years the government has not regulated this infrastructure or i'm posed this kind of regime and there is no demonstrable evidence that companies in the isp industry have any size have ever attempted to do the things these rules are supposedly intended to

preserve or protect. i don't think there is any evidence of that risk. i think government should have a hire standard of burden of proof before it asserts such a muscular regulatory arm around such a critical infrastructure. david: there is also danger, maybe it is paranoia, maybe it is real, on part of a lot of people who put stuff on internet, that the fcc may try to regulate content. would that be a very difficult jump for it to make if it got into any kind of regulation? >> i don't think it would be a difficult thing to make. the for example, definition of what a telecom service is under the statute that the president is calling for being used in our national internet policy is so ambiguously written it could easily encompass, applications and services innovation we never imagine were regulated by fcc. services like skype, or voice over ip like vonage, even the kindle book reader you could argue is a telecom service if

the government is going to start looking at all internet ecosystems through those lenses. it is dangerous. liz: there are people who are cringing when the president says adopt the strictest regulation possible when it comes to the internet. you mentioned vonage. you mentioned a couple other names. the cable buys, they spend a lot of money to make sure things run relatively well. should the netflix of the world though or 12-year-old kids downloading four movies at a time, pay a teeny bit more than somebody like me who is trying to print a google doc? >> i think it's a fair point. i understand the mythology of the internet and its wonderful contribution to the country is demonstrable. liz: sure, yeah. >> the reality why should my mother or grandmother, emailing lightly have to pay for and subsidize the next door neighbor who might be watching five high def movies a night? to suggest only end-users should compensate that under a heavy regular layed regime is to shove

the burden to other people and there is element ever inequity that has to be considered there. david: michael, getting back to the first point how efficient government bureaucracies are, we had an election which the government pretty soundly rejected the idea of micromanagement from the government in private sector affairs. then you have fcc chairman talking about this potential new regulation as a double-barreled approach to the government getting involved in the internet. how does that make you feel? what does that language mean to you? >> i have to say when the government uses metaphors of pointing shotguns at one of the healthiest industries in the country you ought to be worried. this is the most vibrant sector in our entire economy. cable sector plowed in over a trillion dollars one last decade. it did not crumble one bit during the recession. continued to employ americans

and continued to grow and expand capacity. i scratch my head to understand why a sector that vibrant needs sort of regulatory muscle that these proposals suggest. liz: let's hope not, right. david: it needs help from the government. that is a dangerous expression. liz: michael, wonderful to have you. thank you so much. >> thank you. david: liz: michael powell, former ftc commissioner. david: thanks, michael. liz: we're asking you if you think the ftc could should regulate the internet? walt wrote in on facebook wrote in to say resounding no. david: wayne on facebook said such a move would freeze development an innovation. we're not done. send us as message on facebook or tweet us @fbnatb. liz: we want to hear from you. david: a massive winter storm dumping slow, sleet and ice over parts of midwest as temperatures plunge. liz: fox news's janice dean tracking, is this another polar vortex, janice. >> we'll stay away from polar

vortex and call it arctic plunge. the polar vortex is untapped. this is because after system we had in the pacific, a former typhoon that is actually, gave us a kink in the jet stream and jet stream, that polar jet stream will drop as far south as texas. first talk about the know, right? the snow across the midwest, it happens. to see snow totals of over 2 feet earlier in the season that is incredible. that is certainly what we could see, especially across the up of michigan and northern portions of minnesota and wisconsin. this we see over northern plains, today tote cans -- dakotas, minnesota, wisconsin. marquette you could see two feet snow. the cold air will affect 2/3 of country next five days. heading into weaken and next week. it will stick around.

we could see colder temperatures than this. there is thursday morning. 17 in fargo. 22 in kansas city. these are forecast lows. windchills across the northern plains and. look at little rock. 27. 34 in new york. the cold air will move east and southward. even atlanta georgia, 29 degrees. only places that will not feel it, florida, south florida, central florida, southwest and california where much of the country will see it. there are surface temperatures. that is the freezing mark. that is below zero. thursday, into friday, saturday, sunday, even into early next week. so this is quite incredible to see cold area as far as south as the gulf coast and lasting more many, many -- for many, many days. liz and david back to you. david: we saw snow in south carolina. not a lot of global warming going on. >> that is another topic for another day. david: it is indeed. liz: tv personality

ryan seacrest is known to have a his hands in lot of different entertainment business pots. coming up why he thinks it is vital for survival in the current media landscape. david: we're bringing back brian sossi to talk to us about the number one thing to watch in the market. we're bringing you tomorrow's trades today on this anniversary of the marine corps. stay tuned. >> hi, everyone, i'm gerri willis. coming up on my show at the top of the hour, gm places an your again order for new ignition switches long before the recall. we have the reporter who caught the story and the lead attorney in the wrongful death suit against the company. that is one of the big consumer stories coming up on "the willis report" in just a few minutes. you owned your car for four years. you named it brad. you loved brad. and then you totaled him. you two had been through everything together. two boyfriends. three jobs.

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these days and i truly believe that the content is better tn it has ever been before. >> you love your drone? >> i do. >> it is so cool. the photos you've taken with it. what have you been doing with lately? >> well, yesterday, we were fooling around with it, slightly smaller drone here in our clear story and the drone actually delivered me a cup of coffee. >> no way, a cup of coffee? >> a cup of coffee. it was very nice. >> so you're into this express delivery kind of thing? >> i would like to try it, yes. >> our bank will allow a group of large operators to you know, control internet accesses, really stifling free speech in a big way. root of internet is the bill of rights for the online world. liz: pornography uses internet pipes quite a bit, david. great to hear larry flynt's opinion and michael powell of

sec -- fcc. david: michael powell was of particular interest to us. liz: catch all the interviews on foxbusiness.com. we asked you on twitter if the ftc should regulate internet. john says it looks i canlike a tax grab to me. david: we didn't talk about all the tax implications. he says government should keep their hands off the internet. liz: greg says, government no way. please don't. please. how many is that five as in please. we bring back brian sossi. brian. david: one thing. >> feel like ryan seacrest hustle through fossil's earnings tomorrow. two reasons. one will give insight to macy's and nordstrom. fossil's is eyes and ears of department stores. i want to see if they see impact of looming apple iwatch. david: do you have any expectations about it and what the consumer will do leading into the holidays?

>> kohl's and jcpenney are any indication they both warned i think fossil will be soft believe it or not. liz: michael kors is hot in the rose-colored chunky watches. kors is a interesting retail play after superhot growth. who is standout? we certainly watched nike for example, but who else? >> i think michael kors will continue to watches and keep eye out on kate spade believe it or not. they reported earnings last week and gaining more watch space. david: do i sense you're a little concerned about consumer trends? >> absolutely t remains a big risk. many retailers have problems selling things pat full price. a lot of stocks are in the drain. david: how much can you discount? we saw that going a little too far next year. >> correct, why walmart's earnings report will be key. if stock is trading up, might be time to get in on all the stocks when the bad news comes. liz: margin pressure is something you talked about. thank you, brian very much. david: i want to give a

shoutout, 239 years ago, when the u.s. marine corps started. today is their anniversary. day before veteran's day. we have a big veterans day play. happy birthday to you, marine corps is. liz: indeed. "willis report" ask next. gerri: we begin tonight with new controversy surrounding the general motors recall scandal. new emails uncovered by "the wall street journal" reveal general motors placed an urgent order for 500,000 ignition switches months before it alerted federal safety officials there was a problem. now the new evidence calling into question who knew what and when in a controversy linked to over 30 deaths and 35 injuries. bob hilliard is the attorney representing many plaintiffs in the gm recall scandal. he joins us by phone. "wall street journal" reporter jeff benefit who broke the story, joins us now. jeff, i'm going to start with