[closing bell ringing] coming up later on the show. lori, thank you very much. dave, here we go. a nice kick up. david: it ain't bad. all the other indices are down. s&p is down by .03%. barely noticeable. nasdaq's down a little more. the one that took it worse is the russell 2000. half a percentage point. it could be worse. there were very interesting comments about it. cleveland fed president. we'll get to all that. coming up on "after the bell" starts right now. david: getting into today's action, tom lide-n says it is time to diversify overseas. he will give us his top plays overseas. hank smith. three plays to maximize profit

in 2015 an bob iaccino from the cme. bob, looks to monday. frankly this week is vacation week. monday is the focus. we had interesting words from the cleveland fed president. did that put a damper on things. >> i don't think it had much of an effect when you look at statements like that. you see how quiet the futures market is really over. you had half the average daily volume in s&p cash we normally see. i don't put a whole lot of stock in these last three down days depending where we end up. all the market participants are not in here. the news is being digested but not necessarily traded. david: gotcha. cheryl: tom, you say that stocks are getting expensive. i had a guest in the last hour saying same thing it doesn't add up. the market has once again gotten ahead of u.s. economy and we'll is some issues coming up in the next couple months. >> well everyone has been comfortable. that is the great idea. people feel really good about

their portfolios for the past five years. i think the big challenge will be, as you go into 2015, make yourself uncomfortable. look to some of those unlove of the areas like small cap stocks or, as other guests mentioned, overseas, like europe, india, china. where they have been unloved and underperformed and with this monetary easing boom that we're seeing in these areas, it is really going to pay off. david: from small cap to big cap, hank you recommend a number of big caps. johnson & johnson is way up from where it stood for close to two decades. i want to pick on one, chevron. chevron's a great company. if you're going to get into oil, clearly chevron is one of the key ways to get into oil. it is down again today, over 1%. down to $52.68. you really want to be playing in oil right now? >> well, look, i don't know as far as trading whether buying chevron this week or next week

is the right move. david: right. >> but for long-term investors, chevron is a great opportunity here. you have nearly a 4% dividend yield. that is almost twice the 10-year treasury rate. david: true. >> you have a very low valuation, and you have a company that is proven it can deliver positive returns to shareholders throughout each decade, regardless where the price of crew oil is averaged out. you could go back to the '70s where crude oil averaged at $10 a barrel. the '80s where is averaged $19 a barrel. the '90s, where $17 a barrel. 00s, averaged $45 a barrel and chevron is providing good returns. cheryl: we're not going back there. bob he is talking about chevron, talking about crude. you have russia. production could be increasing in places like russia. other countries are not stupid. they know they have got to get to the party now. what does that do for crude? because that affects hank is

talking about. >> i really do think you will see a $40 crude price a at some point but i don't necessarily think that is the fair price of crude through 2015. when you look at it, analysts including myself and others have been saying a long time there is a lot of crude in the market. when you see contraction in china's pmi, there is some demand problems with the increased supply that you might be seeing. but with the qe globally i think that is not where the mean is going to be for 2015. i think you could see $65 and could see the market trade around that off range. down five, up five, for most of the year if you average it out. i think some of those plays could work out. if you look at asphalt makers. heavy crude averaged $20 a barrel lower than wti. price of asphalt is not falling yet. in next couple quarters that could go up as well. david: that is interesting indicator. tom, one of the reasons oil is going down the dollar is going up. it continues to go up as other central banks in the world begin

to loosen a little more, weaken their currencies, ours is going to strengthen more. how does that play into your investments go egg into the new year? >> i think, david, this year the average investor will learn more about cure return sy and how it affects their portfolios. just an example today, european markets down half a percent. but the dollar was up 1% compared to the euro. he d.j. which is wisdom tree hedge euro etf was actually up half a percent. it could really affect your global investments if you're not hedged to the u.s. dollar. this is something investors will be schooled on as we go. cheryl: multinationals the strong dollar will hurt them, will hurt profits. what are you telling somebody when recommending johnson & johnson when potentially the currency issue could be their downfall in the first quarter? >> right. it might have a near-term impact on reported earnings per share

but over time currency works its way and these great multinational companies do a lot of hedging and take that risk out of it. i think with the blue-chips like j&j. like united technologies and chevron, this is the play for 2015, not speculative stocks. we're at a point in this bull market where i don't think you want to be speculating but you want to be owning high quality, dividend-paying and dividend-growing stocks. those three three are just classic examples that give you defensive exposure, j&j, and a little offensive exposure with united technologies and chevron. david: bob, we had a fed president, i mentioned before. we'll hear directly from her, the cleveland fed president talking about when they might raise rates. one of the bugaboos i've had what the fed is doing a long time, whenever interest rates stay below as inflation, as low

as inflation is, interest rates are lower, we've had that three years, that is unusually long period of time for that situation. it kills savers out there in the economy. it is great for wall street but is that going to change in 2015? are we finally going to see a correction of that, where interest rates who haver a little bit above inflation coming up? >> two things about interest rates. number one, when the interest rate hike comes it will be the most telegraphed interest rate hike that we've ever seen out of any fed. i think they're going to warn the market and warn the market. let's face it, the bull markets are not all picking daisies in field meadows. there is problems with bull markets. i think that will be one of them. when the rate hike will not scare the market as much as it otherwise might. i don't think investors should be afraid to own some of the long-term shares. your other two guests talk crude names are really good ideas. if you trade the move in oil, trade the cl contract in nymex otherwise you invest.

david: bob i have to press you on this. if you put up the chart we just saw, again are we going to see interest rates above inflation? as you can see, they haven't been for the past four years. >> no. not in 2015 but you will see interest rates rise. i don't think they will surpass inflation in 2015. cheryl: you know tom lied den, you're the one that talked about the global story in europe. tom, hank smith, thank you, guys. david: thank you, guys. >> happy new year. cheryl: happy new year. bob iaccino, just don't move. we're coming back to you shortly for the s&p futures close. >> i will be here. david: thanks. cheryl: the fed will be in big focus in 2015 as many expect them to raise rates sometime this year. the only question of course is when. david: exclusively with new cleveland fed president loretta mester is our own peter barnes. peter, what did she say? >> hey, david and cheryl, great segue from your panel to my interview with loretta mester of

the cleveland fed. she thinks the economy is definitely getting better and the economic recovery is accelerating and as a result she says, listen, the fed is definitely preparing consumers and investors and markets for a rate increase. now as far as the timing goes, here's what she said. >> i have a pretty good outlook for 2015. i think we're going to see growth around 3%. i do believe that inflation is going to gradually move back to our target. so i can imagine interest rates going up in the first half of the year. >> but she said the timing and pace of interest rate increases, timing of the first increase and then how much they follow up will all depend on the economic data. one of the data points that we talked about is definitely the drop in oil prices. she says that is a plus for economic growth. here's what she said about that. >> i they have we're getting closer to, you know, our goals

on both especially on the unemployment and employment goal but also on the inflation goal because i believe that the temporary declines in oil prices will just temporarily keep inflation down and inflation will move back. >> but drop in oil prices should help economic growth. >> i believe so. you have to look at what is the source of that drop, right? is it supply driven or demand driven? probably hail bit of both because we know demand in europe and emerging markets is down a bit but i think the majority of that price shock is by supply conditions and you're exactly right in terms of that. that is a positive for growth and a net positive for growth in the u.s. >> she thinks, by the way, the unemployment rate will get down to five 1/2% in 2015. for her that is full employment. she is ready to start raising interest rates sooner rather than later because we're at 5.8 right now, guys. david: yeah. i thought this was very surprising interview. i'm actually surprised the

market even though it had such low volume didn't react more strongly. we may see more strong reaction on monday. peter, great interview. >> thank you very much. david: the greenback ending 2014 with best year in more than a decade. we have a strong dollar out there, folks but is a strong dollar posing new financial risks a lot of people are ignoring? cheryl: plus microsoft is betting on wearables. this is the microsoft ban. it will be focusing on fitness. you know what? you can get your texts, emails, personal assistant, might yell at you if you don't run fast enough. i'm making that up. we don't want to turn this off. i will figure this thing out in the commercial break, dave. david: 2014 was a banner year for activist investors. everybody from ebay to pepsi. they're sitting on, get this, $115 billion in assets but are they actually good for investors or the economy? our panel debates that straight ahead. ♪ stamps.com is the best.

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cheryl: the s&p futures just closed. let's head back to bob iaccino in the pits of the cme. bob? >> yeah, we saw some real small institutional type sell orders coming in toward the close. i think some of the people i was talking to when we were on the break said some of their clients are a little bit worried on the downside early in the week until we get the non-farm payrolls on friday. we saw a little bit of selling but very quiet close. like i said earlier i think this trade like end of 2015, 2014, rather than the first day of 2015. cheryl: bob iaccino, in the pits of cme. thank you, bob. david: you have to hold up your wrist. cheryl: i'm worried. david: she is like a hand model. most beautiful hands in the world. from jawbone to fitbit to nike's fuel band there are a lot of fitness band on the market. cheryl: text-messaging, back to the prompter. one of them is a microsoft band. this what this is, focus on fitness. the product has distinctive advantage over others.

matt barlow, microsoft gm to tell me how to use this correctly. i've been trying but it is fun. >> it take as bit but you're using it. that's great. cheryl: it has text messages and emails and starbucks app. i can't do anything on this. >> there are precanned responses you can respond back to text with easily. yeah it is a smart band. so it has all the capabilities of a smart watch with notifications for texts, emails, phone calls, calendar updates and state of the art fitness capabilities. 24 hour heart rate monitoring. on board gps take a run without your phone and maps it out. cheryl: will it yell at me if i don't run fast enough? >> we'll work on that. david. she needs motivation. there are a lot of bans out there, but big kahuna about to hit.

apple's band will do more than monitor fitness. i asked you if you were afraid of apple's new band to which you said what? >> i love competition. apple's watch and microsoft band are quite different things even by name alone. apple watch is looking to replace your watch which is fine looking design. david: and it is looking to replace what you do and your band as well. >> we supplement that. david: nobody will have an apple band and your band. if they have an apple band and figure they have enough. >> it is apple watch and smart band. we have involve a number of details capabilities for fitness. 24 hour heart rate monitoring. 48 hours of battery life. david: 48 hours. wow. >> absolutely. cheryl: $199. >> $199. lawn muched in october. cheryl: how do you compete with fitbit? many say they were the first one out of the gate. captured the market. if i bought a fitbit a year ago i will not spend 100 bucks right now. why would i spend 199 on this. >> we say whatever device you

pick, pick a device and be active. whether jawbone, fitbit or microsoft, pick one and be active. what we think microsoft offers amazing point of difference is compatibility with phone types. if you have ios, android phone you don't have to worry about compatibility. this heart rate is vital to see how well you're tracking goals. even when you sleep, on board gps, to map your run, not having to carry your into. david: map your sleep and describe whether you have fitful sleep. >> that's important. that's important. david: a new study came out about fitbit which says a $25 pedometer can do as much as fitbit can. this may, this may cut into some of their salespeople say, gee if i pay 100 bucks for that or pedometer i will get a pedometer. what can your band do that fitbit can't do? >> they do great things in terms

of measuring capabilities. what our band does differently take the measurements and give you insights you can act on. david: microsoft software. >> microsoft help health which works with microsoft band. you brought up sleep. it is one of the these most popular uses of our band. it give you a lot of great insights. my son came home from college and put a band on him, let him sleep. he was wondering why he was sleeping. david: over there and wearing it now. brought the whole family. cheryl: thanks for outing me on national television. >> wakes up 14 times a night didn't know it. now we need to take him in to make sure he is doing all right. cheryl: for women. calories, that is the big thing for us. measures calories. how many we burn per day. >> based on heart rate monitoring you get a real accurate count. david: come on in. come on in. this is your son straight from seattle, washington. so you didn't know that you were sleeping poorly. >> i was tired a lot. when i put the band on, all of

sudden i could see that, waking up 16, 17, times a day. david: how did their change your behavior. >> something i need to check with doctors. maybe i have sleep apnea something that i can fit and band highlighted that for me. >> that is great thing for the device. allows you to bring uptrend you might want to talk to somebody about. sleep tracking mechanic system is a wonderful thing very unique to our product. cheryl: we have to run. you mentioned compatibility. if i have a samsung or iphone it can connect through bluetooth and communicate through the iphone for instance. >> absolutely. microsoft health is available through all the platforms. windows, iso and android. bluetooth to your phone. leave the phone in your bag. get all the notifications directly to your wrist. go run without of phone and everything mapped perfectly for 199 bucks. david: i have to ask your son a question. does it turn you into a hypocon dry yak. if you wear one of these bands

my heart is up a little bit, or down a little bit? >> i was concerned about that but it was happening for long period of time and i wouldn't worried about the date. >> he is a hype con dry yak already. david: what is your first name. >> jason. david: jason. did you know your son would be a salesman. >> doing terrific job. david: appreciate it, guys. >> thanks a lot. >> first if you don't succeed, try, try again. elon musk announced he is divorcing his wife for the second time. david: oh dear. cheryl: they previously split in january of 20 fill, only to get back together 18 months later. it didn't work out again. they filed for divorce. by the way she does not need to go to weight watchers. she is a modeldy, according to statements his wife will get 16 million in cash and other assets. received 4.2 million in the first divorce. we want to hear from you, 16 million from a guy worth seven billion. is there something wrong with this picture? if not, maybe not. send us a message on facebook or

tweet us @fbnatb. your answers coming up. cheryl: love wasn't enough. david: alas. cheryl: affordable health care enrollees to receive subsidies will soon be faced with tax surprises. what can enrollees expect? david: sad day in politics. former new york governor mario cuomo died yesterday. his policies didn't resonate back then. maybe could it be he was 30 years ahead of his time. cheryl: not only bad piece of news for pimco. bill gross not there anymore. we'll be right back. ♪

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>> the president is right. in many ways which are a shining city on a hill. but the hard truth is that not everyone is sharing in this city's splendor and glory. david: he went on to talk about two cities. that was mario cuomo who died yesterday at the age of '82,

delivering famous two cities speech at 1984 democratic convention. let's bring in our panel to talk about cuomo and his policies. john tamny. sherry sheffield, forbes contributor and competitive enterprise institute fellow and our own cheryl casone is here as well. john, when cuomo, god love him, but when cuomo said that made that speech we were in the middle of the reagan revolution. the disparities between the top 20% and lowest 20% were disappearing or at least diminishing more than they ever have in history. in fact the increase in real income, bottom 20% increased by about 12% of the top, 20% increased by about 12%. almost exactly equal. is that why his economic message did not resonate? >> yeah. i mean we're talking about a politician who was very clearly out of touch. cuomo felt that prosperity could be decreed. ronald reagan felt that people should be free to up to pursue

their own bliss and their own prosperity and results were very clear. not long after cuomo said what he said, reagan won 49 states to one. his second landslide national victory. cuomo never moved beyond the governors mansion in new york. it reveals how he never had a message for the nation. david: cheryl, 30 years later, exactly 30 years later we have a president who essentially espouses two cities philosophy. cheryl: that he does and created a lot of discourse in the nation's specially with with regard to ferguson and things happening here in new york but at the same time if you hear governor cuomo's message then and versus now, new york was very different city, you would know better than i was. there was a lot more crime in this city. david: there was. cheryl: i think times were a little more tense for mr. cuomo and he was tackling a much larger issue than our current mayor is tackling when you have millionaires and billionaires returning around in new york city paying taxes. cuomo didn't have all those

luxuries back in the 80s. david: could it be that cuomo was a man before his time? his message, john and i think it was wrong, but would it have resonated better in the obama era? >> i think so. even looking forward to 2016 we have elizabeth warren who could be potential challenger to hillary clinton. to be honest i see cuomo as even more centrist than this incredibly leftist wing of the party we see in the form of de blasio. and mario's son, andrew, the current governor, he is being a check on de blasio. it is all sort of jumbled at this point. david: all right. let's move on to the second subject. rest in peace, mario. chris cuomo used to work here. a wonderful, wonderful guy. will that slow down the economy? talk about what kicks in. new employment mandates. fines will be tripled. we have a whole bunch of tax complications and deductibles keep going up.

>> tax surprises. people will get some nasty surprises april 15th. people thought they were eligible for subsidies. they will get clawbacks from the government. i think people will be even more dissatisfied with obamacare than they already are. david: cheryl, could that actually drag our economy down? it is one six of the economy? cheryl: we saw that happening in 2013 and 14 who started to lay off employees so they were below the threshold so they didn't have to offer health care. with fines kegging in, that will hurt consumers even more. study, i think one in six working americans actually forego medical procedures because of costs, very cost-conscious about what medicine costs. that is kind of scary if you think about it from a health perspective. david: on the other hand, john tamny, who is never afraid of anything, could it be that because the american public is waking up to all of this, because the comments of jonathan gruber and others revealed a lot of the hidden messages in obama care, this is the year when things change?

>> yeah, i think so and i think the markets are pricing that in. americans are very wise to what happened and i think the result of these complications that you described and result of these burdens on businesses that are very real, this is the beginning of the end, basically the dismantlement of obamacare. i think we're on the verge of something beautiful because the electorate is fully aware of it. >> something, we go from scary to something beautiful. i love it. john tamny, you're the best. coming up next the panel will target everything from bread sticks to pharmacies and soda, activists investors were on a tear in 2014 but are they actually good for shareholders and our market? plus more bad news. cheryl: for pimco. we found this out. this could have many investors questioning their investments with the firm. we'll have details on what is a big pull out of money from pimco. david: we'll tell you the smartest cities in the country. smartest, that's right. a lot of them could surprise you. ♪

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thebut i'm a bit skepticalally do of sure things.re thing, why's that? look what daddy's got... ahhhhhhhhhh!!!!! growth you can count on from the bank where no branches equals great rates. >> we'll want to bring interest rates up before we get to full employment. before we get to two% inflation because we have to be forward-looking. >> cleveland fed president loretta mess sister, giving reasons why the dollar is getting stronger, sounding almost hawkish. how will the stronger dollar

affect things in 2015? let's bring back our panel. john tamny, and cheryl casone. kind of strange a person who is dovish in the history of the fed people like her, when she's called a hawk that shows you where we are in the world right now. >> yeah, it does. let's face it, the good thing that a strong dollar will be great for u.s. growth because it will serve as a lure for investment back into u.s. stock and bond income streams on the way to new companies. but the obvious concern is that we still have a fed that is so arrogant to presume it should set rates at all. that insures that credit will not be as plentiful as it should be because you have bureaucrats planting it rather than the marketplace itself. david: cheryl, is there any downside to the dollar getting this strong? cheryl: absolutely and that is multinational companies. a lot of u.s. companies book profits because they're working overseas and with weak u.s. dollar helps them with profits. people like mcdonald's,

johnson & johnson, general electric, they will have earnings issues because of the strong dollar in the second quarter. david: look how it has grown. to john's point i understand exporters are hurt when the dollar's, when u.s. goods cost more on the world stage. on the other hand u.s. assets are worth more because the dollar's more expensive. so doesn't that help things that are denominated in u.s. assets? >> well, i mean it helps us but it does hurt the exporters. it makes, president obama had this incredibly unreal listtic goal to double exports in 2010. he wanted to do it in five years. guess what, that hasn't happened. exports could fall even more. so, companies, not just companies but sovereign countries issued debt in sovereign, the u.s. dollar, they're going to hurt as well t could be a drag on global growth which could affect the u.s. david: by the way we started this panel talking about ronald reagan. remember he had a very strong dollar policy and the economy did great. meanwhile moving on to activist

investors people like carl icahn and bill ackman, shaking up a lot of complacent boards of directors in 2014. will that continue in 2015? will it be good for bad for the economy? cheryl, what do you think? cheryl: i have to tell you i understand activists investors want the best for shareholders i'm not so sure people like carl icahn or bill ackman understand the roots of these companies as well as they think they do and don't have the passion or commitment and employees in the c-suite does for the companies. i don't like activists investors because i'm concerned they hurt value -- david: there are phrase, buddy boards. they get come place cents. they're all appointed by their friend who is the ceo and they don't, some of these boards really need to be shaken up, don't they? >> oh, these guys are great. le's face it, the economy is powered forward by information and that's what activist investors are, they are information givers. they take risks on views of

companies or how they view companies that means it is less risky for us to enter the marketplace. if they didn't exist we would have to invent them -- cheryl: they're outsiders. that is my point. >> you want outside opinions. >> not always. not always. david: terry, go ahead. >> results of activist investor fund returned through november, 3.5, compared to 12.3% for the s&p. so i mean the proof is in the pudding. i just don't see it. david: yeah but there some times, again an outside view, i understand what you're saying, cheryl, but sometimes you need an outsider looking in because the folks on the inside can't see anything new. cheryl: this is their new theme of investment. that is what i think is dangerous here. i mean one thing to go in and shake up one company but now you have activists investing becoming this theme in business. i just think that it is dangerous for american corporations. david: john, final word, quickly. >> if you want, if you want to cause a market panic do as the bush administration did in 2008 and ban short sellers or in this

case ban activists investors. that will cause the mother of all market panics. they bring necessary information into the market. david: good stuff, gang. john tamny's new book is coming out soon. what lebron james and "rolling stone" and doubt tan abby can teach you about economics. i love the sub title. david: sherry you see "forbes on fox" every saturday morning on 11:00 a.m. eastern time on the fox news channel. cheryl. cheryl: we went to this a few moments ago. another negative headline for pimco a few moments ago. pimco total return fond, the world's largest fund trailed most of its pierce in 2014. "morningstar" the fund rose 4.3%, in 2014, trailing 77% of its pierce. the firm missed a big rally in long-term bond and incorrectly bet inflation would rise. it was the second straight year it fell behind its peers. in the last hour we found out investors pulled 19.4 billion from that fund in just december.

david: wonder how much janus made as a result of pimco's loss, because bill gross went to janus. cheryl: yeah. david: we'll tell you if your city ranks in the top list for the smartest, smartest cities in america. >> also, e-commerce subscription company birch bucks is looking to give beauty lovers a fully integrated experience. why this company's success is going brick and mortar. good news for them irrelevant. david: sound like a cheryl segment. we'll have details following the sony hack attack coming up next. ♪ i've smoked a lot and quit a lot, but ended up nowhere. now...i use this. the nicoderm cq patch with unique extended release technology helps prevent the urge to smoke all day. i want this time to be my last time. that's why i choose nicoderm cq.

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cheryl: so we've been asking you what you think of elon musk giving his ex-wife $16 million when he is worth $7 billion. 2078 mass says i'm shocked it was only 16 million. us too. tell us what you think. this is message on facebook or tweet us@fbntab. more of your answers coming up. david: i wouldn't mind getting only 16 million. >> i wouldn't mind him. david: whoa. cheryl: he is cute. david: ever wonder where america's smartest people live? 24/7 wall street compiled a list of cities with highest

percentage of adults 25 or higher with a bachelor's degree or higher. ithaca, new york, home to cornell university and ithaca college and boast as college rate of 59%. corvallis, oregon, more than 52% of its population having bachelor's degree. number three is an arbor michigan. number one, boulder colorado, well anyway, a lot of people, anyway, 58.5% of the population has a bachelor's degree or higher and boy do they get higher. cheryl: don't get your seven in trouble. i'm never going to do the show again. birchbox, the e-commerce beauty subscription service, is not only expanding internationally but they're expanding into physical store locations. this is book. joining us is birchbox cofounder and ceo. so this is a big move for you. >> absolutely. cheryl: you've always been e-commerce. you have what, one store popped

up in new york over the holidays, is that right? >> actually we had the store since july and over the holidays we open ad men's pop up. we had physical retail store several pop ups in the city and hamptons and all different cities in the country. cheryl: it is interesting, people that aren't familiar with birchbox. you get a little box every month and has low shuns and cosmetics. we love to get samples at the department store. you made this into a business. now men are getting involved. >> oh, men are absolutely in love with this the way birchbox works, we send you samples personalized for you. women get any kind of beauty product from hair, makeup skin. men are getting hair and skin body and doing lifestyle. men are able to discover without raising their hand and say they absolutely know they want a good grooming. cheryl: we're panning over, director will kill me, this is the men. this is the subscription. >> pocket square, whiskey stones and grooming items.

higher end shampoo. better face cream and better shave product. cheryl: men are getting more into grooming and they should. >> they're stepping it up. cheryl: this is the woman's birchbox as well. that is $10 a month? >> $10 for women. $20 for men. cheryl: you're expanding internationally now. >> we were in four countries for four years. we acquired a company that took us into the france, spain and u.k. and now we're extending into belgium and canada. cheryl: what is going into brick-and-mortar for you we fund with at let can, that was. >> i love the stores. first realization and big understand forge beauty that the majority of transactions are happening off-line. that is something always been true about our industry. we started birchbox we wanted to help women discover beauty online absolutely. off-line is a channel we need to understand as well. if we're going to be the number one e-commerce beauty company we

have no know why the off-line process is. cheryl: what about macy's and bergdorfs? >> they are different experience. you will come in and feel really happy. the whole experience is geared to make you love discovering beauty, not feel intimidated about it. for example, our merchandising philosophy is very different. not by brand. you say i want a lip, a cheek a new complexion product. i have dry skin and second day hair. build your own birchbox in our store to see different samples in every category, select them, discover. go to our try bar, we have editorialized looks to play with. book services. get your hair done, makeup done, nails done in the store. it is a different beauty shopping experience. you would love it. cheryl: 10 seconds, you raised $72 million. ipo maybe? >> the whole dream of birchbox is inevitability. whatever gets us there we will be pursuing aggressively. cheryl: that wasn't a know which i love. thank you very much.

>> thanks for having me. cheryl: congratulations on expansion. david over to you. david: you got your dream. you did the gift box. u.s. tighten sanctions against north korea following attacks on sony. we have details next. it is an offer you simply can't refuse. a college there to pay off your college debt. the school's president telling us why. you have to stay tuned for this. that is coming up next. could protect you from cancer? what if one push up could prevent heart disease? one. wishful thinking, right? but there is one step you can take to help prevent another serious disease- pneumococcal pneumonia. one dose of the prevnar 13 ® vaccine can help protect you ... from pneumococcal pneumonia, an illness that can cause coughing, chest pain, difficulty breathing,

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cheryl: the united states is taking new measures against north korea following the hack

attack on send any which they believe was conducted by that country. david: yeah, rich edson, live in washington with the details. what have you got, rich? >> david, a senior administration official says the attack against sony has crossed a line of the treasury department is sanctioning 10 north korean government officials and three entities in that country. in an executive order the administration says, quote, we take seriously north korea's attack that aimed to create destructive financial effects on a husband company and threaten artists and other individuals with the goal of restricting their right to free expression. treasury is announcing sanctions against north korea's intelligence organization, the country's primary arms dealer and entity that procures technology for the government. they acknowledge that the 10 north korean officials they sanctioned may not have been involved in the cyberattack but they chose these targets for the greatest general effect against the north korean government. they prohibit them from dealing with the u.s. financial system and freeze their assets. officials are not sure if any

individuals they sanctioned actually have assets within the united states. back to you. >> rich edson in washington. thank you, rich. david: here is look at today's highlights. busy day on fox business. get this, we start the day with president of adrian college why he is offering to pay a student's complete college debt if they don't get a job making 37,000 or more after they graduate. take a look. >> problem with student debt is becoming bigger every year. you look out into the future and see that it is not getting any better. it is getting worse. so we looked for a big solution to a big problem and i think we found one here by guaranteeing a kids job of $37,000 a year the day they walk across the graduation stage. even if they go to graduate school and can't find a job after graduate school, the guaranty still kicks in. >> what i'm worried about where relations really stand. of the president says they have improved in recent years but you get the sense from some of these riots that they haven't. where do you stand on this? >> actually, if we go all the

way back to selma, to birmingham, where i was in a home that was bombed. my mom and dad. we don't have a black and whitewater fountains anymore for instance. there is no back of the bus but there is not equal access yet today. even as the president says that i would like to see this level playing field and the equal access that we need. it is not here yet. so what i mean by access is not just opportunity but really open the doors wide to the boardroom, to the church communities, to the school communities and those types of things. so there is much more to be done but i do not feel that all is lost. david: she is a great woman by the way. she is terrific. best critic of al sharpton i ever seen before. she really gives him hell. cheryl: watch that interview and all interviews on foxbusiness.com. we've been asking you on social media what you think of elon musk giving his stunningly beautiful ex-wife $16 million

when he is worth $7 billion. barry says more than enough. especially since second time around. david: this is the second time. she has been through a divorce with him once before. kelly said, and she did what? cheryl: married him again. one thing to watch for next week. let's bring back in carrie sheffield who probably thinks we're insane. what will you be watching. >> tuesday, with great trumpets the republican congress is taking over. we'll see if they can actually govern. we'll see if this is the party of something and force the president to become the president of no, if vetoes responsible legislation about obamacare, maybe dodd-frank reforms, keystone pipeline, some actual substantive reforms from cuba, immigration. so many things the republicans can do receipt now. we'll see if they actually lead. david: i have heard keystone is going to be the first issue they put on the president's desk. there are democrats, of course we saw mary landrieu -- >> went down in flames. >> they sort of changed the

senate rules so she could vote in favor of it. there will be other democrats voting in favor. enough to have a veto proof majority? >> we'll see. i don't want to make a prediction. david: why not? that's what we're here for! make a prediction. do you think it is veto-proof bill on the president's desk? >> veto-proof? cheryl: what would veto-proof be though, what would that mean? david: 60 votes, 60 votes in the senate. that is veto-proof majority. cheryl: keystone? david: whether you have a veto-proof bill sent to the president on keystone. i would think that is possible. how about obamacare? >> so medical device repeal, that is a big thing. maybe some tax issues. the big thing here is the legal challenges. that i think is the bigger question mark. and that is something the courts will be handling separate from congress. so we'll see. david: okay. >> i don't know. it will be interesting to see what they come up with. >> immigration is another big issue. there was such an over reach by

the president. david: and tax reform. cheryl: i was hoping for corporate tax reform. i don't think we'll get it. david: we're talking about that on "forbes on fox" this weekend with carrie and john tammy. cheryl: see you tonight for lou dobbs. they gave him the night off. david: "the willis report" is next. >> hi, everyone, i'm tracy byrnes in for gerri willis. tonight wall street kicked off its first trading day mostly in the red after closing out 2014 with a bang. the dow did turn positive at the last minute but it is six-year rally coming to a close? what should you be doing with your money? plus gas prices are at the lowest level in years putting billions back into consumers wallets and into the economy but will this also put the fed back on track to raise rates sooner? we're bringing you all the latest coverage with michael eastman, president of fellowship financial group and board members of advisors academy. phil flynn with us, senior market analyst from price futures group. fox business contributor of