eight days. [closing bell ringing]. up arrows with the energy names. that is one of the reasons we saw up arrows. david: look at bells ringing on wall street. i think we missed the final ring but trust me they rang. we have a lot of up arrows to talk about. all the indices we focus on are trading above a full percentage point. biggest winner is nasdaq and russell, small and mid-sized caps doing very well today, but the big industrials doing well. also the dow jones up 200. we have to remind you we had a lot of losses, 500 points to the negative side the past few days. so it is not enough to make up for that. but apparently the market likes what the fed said. the fed minutes came out, suggesting they're going to put off rates as long as is necessary. that may be quite a while. busy day right here. the president is about to speck. "after the bell" starts right now.

david: we have a jam-packed show for you as we close out the day with the best rally of the year by the way. why the enthusiasm today? and why is the 10-year yield falling despite the rally? people are buying both stocks and bonds. we'll head back to the consumer electronics show in vegas at the sands with liz. liz? liz: david, how many of you can admit you do this? you have your iphone, come on, admit it, you can't let go of the blackberry? that would be me. we'll talk to john chen about trying to reverse that. he is running blackberry. came out with a blackberry classic. how does he continue get people to use it and not look at company as software or enterprise company? we'll speak to him about that. we will speak to 3d p systems. they do!-up 3d printing.

we'll talk in a fox business exclusive with the ceo in our final hour from the consumer electronics show in las vegas. david: we have the president speaking in a auto plant ironically has been closed because people are not buying cars it es producing. we'll have president and bob nardelli to talk about what the president has said. you can see the dow ending the day on the upside. 212 to the upside. we have boyle capital brian boyle where he sees most value. alpine fund michael smith, best ways to profit what he sees is improving u.s. economy. todd horowitz at the cme. todd, about that improving economy, if we're doing so well why do we have zero interest rates. the interesting thing, not only are folks buying stocks with the dow up 212 points but they're also buying bonds, no yield bonds. why? >> hello, david, happy new year.

look at the overall picture, let's look at the worldwide economy, it is collapsing. oil crushing every single day. we have a lot of overall pressure throughout the world. so is still plenty of fear. fear doesn't always play out only in the vix. a lot of tame it plays out in the bond market. we're seeing tremendous amount of interest in u.s. dollar, forcing yields lower, bond prices higher. overall fear of the collapsing economy throughout. if you look, if you want to go into the berman bund for example, you're getting a half a percent. the u.s. becomes again the cleanest shirt in the dirty laundry with higher yield. bottom line, world economies are fossing "money" out. they're still chasing some sort of money with a tremendous amount of fear. david: by the way, there is negative interest rates. if you want to park money in switzerland you have to pay them to park your money. michael, why do we have a yield

of below 2%? this is the 8th day in a row of falling yields for treasurys. >> yes, rates have come down. they're very low. we think interest rates will be lower for longer than investor anticipate. david: so doesn't that imply a weak economy? >> i would generally say no. i think the economy, domestically is actually chugging along okay. if you have exposure to china, japan, western europe i think it will be a little tougher sledding. you know, that's why we're so excited about the small cap opportunity in 2015 which those companies tend to be much more domestic focused. they tend to have some secular growth drivers and you have a very constructive equity market backdrop. we think it presents a nice opportunity. david: we'll talk more specifically about those opportunities. brian, if the economy is doing so well, why is the fed so reluctant to raise rates? >> well the fed is going to err on the side of caution. it has come too far this time over the last six years.

the last thing they want to do is raise rates too soon, choke off a recovery and then not have any bullets left to fire. so they are going to be very cautious. they want to see some inflation and some real solid signs things are better before they come back in and do anything. david: they haven't seen, implication from what you're saying they have not scenes the signs the economy is doing much better? >> they definitely see signs that the economy is doing better but with all the other things going on around the world, lower bond yields, lower oil prices coming down, they want to be absolutely certain they don't choke off recovery and they to leave themselves room to come back in and the best way to do that is to be to raise rates and let inflation take hold first. david: todd, i'm wondering if the fed lost control? >> i think the fed has definitely lost control. i made it my new year's resolution to talk about them but they have definitely lost control. i think they're basically clueless when it comes to

monitoring and how to get out of what they created. what they did, if they had to do it, great, we saved banks in 2008. but today the market, if you go by the stock market, we're up 230% from the bottom. meantime yields are still down, going to zero. now you hear about around the globe, everybody is pushing down. small countries are caving in because of the cost of oil but yet the fed tells us we have a better economy, we're worried about inflation. we can't even put money in the bank to get back money to keep up with inflation. so whatever money you would make more of today, is not making back to what you were making 10 years ago. i see no improvement. so i can see why they're trying to keep them low. meantime, middle class remains in recession. equities continue to go higher because forever chase for yield continues. david: fed may want to see inflation, but frankly the middle class does not want to see inflation. i think the bond buying, by the way, the investors are hedging their bets because they don't believe the economy is doing

well. michael, one thing we can bet on with certainty is death and taxes of the we were talking about small caps, you have one small cap stork, liberty tax -- stock, which focuses on taxes. you think that is good bet. why? >> liberty taxes, third largest paid tax preparation service out there with 5,000 offices. what you will see is an implementation of the affordable care act, people are going to need to fill out additional forms in order to get their subsidies. the tax forms will be more complex and so this is going to drive more people into liberty's offices. it will allow them to raise prices of the we think you will see the trend play out the next few years. definitely death and taxes, taxes are not going to go away. you have short-term, intermediate term growth drivers we think will apply liberty tax to do well over next few years. david: good stuff. thank you for that one. brian, financials, you're making bets on financials. why do you like them right now?

>> we look at valuations in the marketplace today and we think some of the big banks are trading at 30, 40% discounts to the overall market. they're making okay money in a difficult environment and it is a proxy on a growing domestic economist. we things are slowly going to chug along and get better, eventually interest rates rise at some point in the future. you're not paying with the banks today and we like that. david: todd, talk about oil. you think there is hope for oil traders. without getting too much into the weeds of cotank go and all that stuff, why do you think so? >> market is pricing out much higher prices as we go out in time. when oil originally broke it was going backwards and prices were cheaper. today a year from now they're pricing oil 56, or $57 a barrel. there is showing there is hope we reached a temporary bottom here. i don't think we're going way down lower. somewhere around $45 a bill will be a pretty good level unless

there is one more squeeze. as yields ten year is getting crushed. i think one more push down and i think markets work their way back the other way. david: todd horowitz, thanks very much from the cme brian, michael, good stuff. appreciate it. coming up gunmen storming the offices of a french satirical magazine killing 12 people in one of the worst terrorist attacks in decade. we are live from paris and how that might affect markets here, not to mention the french market. is our market sending a warning signal about the economy that many investors appear to be ignoring? our panel debates that next. we're heading to liz at consumer electronics show in the heart of las vegas. liz? liz: part of the reason we moved here today because this is drone territory. they have to be in cages though. this is the stampede drone. made in the usa, canada, and latin america. this is just the kind of thing they keep behind cages because

so far it is such new technology, this is a no-fly zone, unless of course you're intel ceo brian krysnich who used one during his keynote speech, david. he was the last to use one on stage. coming up we talk to john chen of blackberry live from the consumer electronics show. stay tuned. ♪ ent 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, and may even put you in the hospital. prevnar 13 is used in adults 50 and older to help prevent infections from 13 strains of the bacteria that cause pneumococcal pneumonia. you should not receive prevnar 13 if you've had a severe allergic reaction to the vaccine or its ingredients.

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liberty mutual insurance. david: a horrific terrorist event in paris this morning. cops were killed. individuals were killed as a result of these terrorists who were attacking as a result of cartoons published in magazine that infuriated a islamic, islamic jihadists around the world. there had been a target on this magazine because of their publication of these pictures, the cartoons of muhammad and others and as a result we have this shooting. 12 people dead, including two policemen. so could paris shooting push france including all of europe into a triple dip recession? let's bring in the panel. rebecca shaver, independent women's forum. and paul screen yaw and, our own

adam shapiro. paris particularly has economic troubles as a city. we have a lot of economic refugees in new york from paris saying they can't do business anymore. could this event tip paris and france into recession? >> i think france right now is barely avoiding a recession. they're at the.difference between contraction and expansion in the economy is negligible. there is no real difference there. so, in terms of, could this just have such a dampening effect on sentiment it could tip them over into recession, yes. but, are they going to go into recession even if this had not happened today? probably? look at direction where all the economies are going. prices inflation, they're ped headed towards another recession. david: hard to imagine somebody more unpopular than president obama, but president holland in france is more unpopular than

president obama is in the united states. if he doesn't handle this right, and there are some indications already in the way it is being handled, confidence in him could go to zero and that could hurt the economy. >> right. there are so many variables and national security and economic security. as we're talking about economic security as we're talking about here we're in precarious position in europe from france, germany, italy. the greek elections earlier this week looks as though they had a devastating impact of the eurozone as a whole is doing very badly. one of the particular problems for france is lack of investment in social cap at that, right? this is not a country with a very high workforce participation right now. we have a aging population. they're not having big families. all of this is going to impact their ability to grow that economy. david: adam, let's bring it back home, if in fact france goes into recession, maybe even tipping germany into the recession, may that affect our stocks and our economy.

>> maybe not. u.s. exports to europe are not as perhaps great as people think but it would affect companies, multinationals with exposure to europe. eventually we would catch some kind after cold but whether we experience the recession france is probably already in. they're already going to battle with need to invest more and taking raps from germany because they will not adhere to the austerity measures they agreed to. as far as what happens to us, we'll catch cold but it won't bring us down drastically. david: paul, bringing the terrorism issue back to us, if it could happen in paris, couldn't it happen here? if it does, particularly in new york where we have the awful relationship between the mayor of new york and police force, are we prepared to deal with this? >> since september 11th things have never been the same. of course it could happen here. you hope it doesn't. thankfully this building we have good security here. i can't imagine armed gunman could just walk in. could it happen? of course it could happen. you try to do everything we can

to prevent these. i'm sure in france they were trying to prevent these. there was security outside of the building. you can't prevent against any single kind of event. you have to be prepared. david: sabrina. david: it is scary that police are target of anti-cop protests not just in new york but around the nation, now is the time we need cooperation between the authorities and police. do we have it? >> that is very concerning we've been sew focused on security here at home in terms of our policing of day-to-day street activities but really we have this larger war we're still very much embroiled in. if we look what is going on in europe, there has been rising sort of frustration and concern about what is perceived as islamification of europe. certainly there have been protests in germany. i'm not sure that leadership in europe has been really keeping an eye on it the way, hopefully we're being more vigilant here at home. david: thank you, gang. we'll see more of the panel in just a minute. we're awaiting the president.

surprise, surprise, he is a little bit late. he is speaking at a ford plant ironically closed which at least temporarily, because some of the hybrids being produced there can't be sold. with oil prices so low nobody is buying them. nonetheless we'll carry a little bit of president's speech. we'll have bob nardelli, a former head of chrysler to talk about what the president said. despite the big rally u.s. investors continue to pour a lot of money into bonds. the 10-year is below 2% again. what is the bond market telling us and what are we missing? we're heading back to liz at ces in vague fast. -- vegas. liz? liz: david, rumors of blackberry's death are greatly exaggerated so says john chen the ceo. he is with us live coming up. the cloud-based internet of everything idea, that's next. ♪

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killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture everyday. no cabout engine size, gues horsepower, or performance. >> the president is speaking in wayne michigan. this is a ford plant that manufactures suvs and hybrid cars not selling too well but let's listen to the president. >> i want to thank all of the outstanding leaders that we've got here today. i want to introduce many so of them. we have secretary of labor tom perez here. we've got detroit mayor mike dougan here. [applause] senator gary peters is in the house. [cheers and applause]

congresswoman debbie dingell is here. [cheers and applause] you're outstanding ceo mark fields is here. [cheers and applause] now, i have to say i love secret service, i love the beast that they put me in. that is what we call the cars i drive in, the beasts. so i like my ride these days and it was made in michigan too. [cheers] but i had a chance to look at these new mustangs and i got to say that the mustangs have a little more style. a little more flavor. bill ford is in the house. [cheers and applause] surprisingly enough we talked a little bit about sunday.

[laughing] now, listen, i'm a bears fan. you beat us twice. but even a bears fan has to admit that that was a little suspect. [cheers and applause] i had never seen anything like that before. i would have been pretty irritated. were you irritated? , oh, yeah. all i can say, because i'm used to saying this, because i'm a bears fan, there's always next year. and look, you have a lot to be hopeful for. first of all you have one the best defenses in the league. >> yeah. >> fine young quarterback, mega"tron."

and if there is one thing that you can take to the bank when talking about detroit is that detroit always comes back. detroit always comes back. [cheers and applause] and that's why i'm here today. one of my new year's resolutions is to make sure that more americans in wayne, more americans in michigan, more americans all across this great country, that everybody feels like they're coming back. and there is no doubt, thanks to the steps that we took early on to rescue our economy, and to rebuild on a newfounddation, that we're entering into the new year with new confidence that america is coming back. [applause]

now, you don't have to take my word for it. the facts are the facts. let's face it. a lot of times the media doesn't like reporting on good news. but every once in a while it is important for us to hear some good news. not to make us complacent, but to give us confidence that if we work harder we can make even more good news. so here is how we begin this year. last year, 2014 was the strongest year for job growth since the 1990s, since the 1990s. [cheers and applause] we have now had a 57-month streak of private sector job creation. we've created nearly 11 million new jobs. that is the longest stretch in our history of private sector,

uninterrupted job creation. [applause] here is another way of thinking about it, since 2010, we america, have put more people back to work than europe, japan, and every other advanced economy combined. combined. [applause] and let me tell you what's leading the way, american manufacturing. after a decade of decline, american manufacturing is in its best stretch of job growth since the 1990s. here in michigan manufacturers have created more than 100,000 jobs, helping to cut your unemployment rate in half. so we're making more stuff, we're selling it around the

world. america's the number one producer of oil, the number one producer of gas. it's helping to save drivers about a buck 10 a gallon at the pump over this time last year. [cheers and applause] and the cars that you make help everybody go a little further on that gallon of gas. [applause] thanks to the affordable care act, also known as obamacare, about 10 million americans gained health insurance just over this last year. [applause] we've cut our deficits by about 2/3. i would like people to think about because when they do surveys of like ordinary folks on the street and at the ask them are the deficits going up or coming down, everybody always automatically assume that the

government is spending that deficits are going up. deficits have come down by 2/3 since i took office, by 2/3. they're going down. [applause] and after 13 long years our war in afghanistan's come to a responsible end which means more of our brave troops have come home and spend time with their families during the holidays. [applause] so the point is, we're moving. these six years have been tough. demanded hard work, demanded sacrifice on everybody's part. you guys know that more than most. which means that as a country we have every right to be proud of what we've got to show for all that hard work. america's resurgence is real. don't let anybody tell you otherwise. we got the best cars and we are doing better than just about anybody else on earth.

and now that -- david: all right, that is the president speaking at a ford assembly plant in wayne, michigan. this particular factory employs about 5100 people. it makes the c-max hybrid gas len electric car. irony, the president is talking about the comeback of the autos, that plant is closed for about a week because with price so low people are not buying hybrid cars and questions whether government-instructed buying habits really works. of course the government would like people to buy more hybrids. they're not necessarily doing that. let's talk with bob nardelli, former chrysler ceo. it is perhaps, bad optics by the white house, they put the president speaking to opposite what he is saying, that government assistance has been very successful people are not buying hybrids that government wants people to buy these days. >> david, let me say the bailout that took place for the auto industry was essential.

without that we would have had a cataclysmic situation. david: although we did have detroit going bankrupt. >> we did, the city of detroit. think about the auto industry what would have happened, almost 10 to one ratio, 10 jobs to everyone job in the auto industry. it was necessary, its have critical. there are a lot of points of views but having served during that period, keeping the car industry alive was critical, point number one. point number two, gas prices are down. consumers will step up. david: and they have. >> if you look at truck sales, if you look at suv. my friend at chrysler had a fantastic december, up 16%. highest leverage. kind of proof positive, chrysler, was, is and will be viable. david: but people are not buying cars president wants them to buy, hybrids in particular or the electric. >> think about this as they buy bigger cars, auto industry quite

honestly loves it. a better margin, richer mix. what will happen if this goes forward it will continue we have the things called c.a.f.e. standards. that was obviously based on smaller cars, hybrids as the president is talking about it. we're headed for a collision here. we'll have to use some off-ramps embedded into the language. >> what do you mean by that? >> off-ramps give you opportunity to look at 2020, 2025 c.a.f.e. standards for mileage. david: but the president doesn't want to use the off-ramp. he wants to keep forces people to buy stuff they're not necessarily buying. >> david, when i was there we were making what we call an aspen an su have. old technology, full transmission, mechanical, full electric, we made 500. we shut down the plant in new jersey. it was $7,000 penalty bill. david: you found out by hard experience you simply couldn't sell what the government wants us to buy. does it show the government

can't force people to buy what they don't want? >> only way government will be able to do this, unfortunately, if they do, put quotas on number of large vehicles auto industry would produce and that would be devastating to consumers. consumers will make the decisions, david. it is not the government. it is not even auto manufacturers that determine what cars to make. it is consumers will tell you what they want to drive. david: let's talk about the overall point that the president made that the auto bailout was a success. you seconded that motion. however, when you look what happened to chrysler. it bothered me when i saw the government essentially, at taxpayers expense, give away 40% of the company, you used to head. >> yes. david: give away 40% for nothing to an italian car manufacturer, fiat. >> you touch ad real sensitive nerve personally. one of my biggest regrets was to see the government give chrysler away quite honestly. again if you look a the numbers, the chrysler, as i said, was is, will continue to be viable. so it is in my experience 40

some years of business, the greatest american giveaway i've seen in this country. david: so it was, it was essentially a giveaway? >> it was a giveaway. i mean the tarp fund were not repaid. the dip fund were not repaid. there was no payment for all the restructuring. we took, we took $5 billion of costs out. we sold a billion dollars of non-earning assets. you were r unfortunately we had to layoff 35,000 families. we shuttered five factories. but if you look at platforms chrysler is winning on today, the platform that the service team put in place. david: cerberus, the private equity firm that took control of chrysler. >> "motor trend" truck of the year two years. challenger, charger and the of course the green grand cherokee where we completely remodeled and redesigned and enriched that vehicle where it is dominant in the suv. david: the fiat chairman is claiming credit for turning chrysler around, you would not give him that credit? >> he is running it now, so

whatever he says i'm sure -- david: you know what i'm saying. essentially what marchionne is saying he took this failing car company over, turned it into profitable car company and put it back on the market? >> i would say this the car that was supposed to save chrysler, the 500, small car part of the c.a.f.e. standards that the car czar at the time had to produce, look at that volume against the models and volume i just talked about. david: will, clearly you've maintained some of your ties with michigan and detroit. do you think detroit will come out of this bankruptcy all right? will it change as being so auto centric to something a little more diversified? >> i hope so. look, i really enjoyed my time. as a matter of fact, ron gettelfinger and i, president of uaw. we talked last week. i have tremendous respect decisions he made and led the uaw through this crisis. david: weren't some of their decisions the reason auto industry went bankrupt? >> there was culpability on both

sides, on management side and union side. thank god we came together re-establish ad base for success. i couldn't be happier for the auto industry. the people in detroit were warm, gracious and caring to me when i was there. it was a great, great experience. david: got note to end on, bob nardelli, former chrysler ceo. >> thank you. david: meanwhile las vegas sands ceo will be about to release what could be the important report about under belling of business in china. will that sour investors appetite for investing there? it is sending out a signal and what does it mean for the economy and your investments? we're back with our panel next. you get sick, you can't breathe through your nose

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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. david: well the markets essentially ignoring concerns about terrorism today. instead feeding off the juice from dovish fed notes. we're back with sabrina schaefer, independent women's forum, "wall street journal" paul vigna and adam shapiro. adam, seems all they were focused on what the fed said. what did the fed say so pleased the marketkets? >> they will be patient and timeline for raising interest rates. what is pleasing markets, mario draghi his hand is getting very tight. his options are very few with the deflationary reading out of europe. the expectation that the fed will be very patient before it

raises rates and mr. draghi will have to do easy money stimulus to get things going in europe. david: sabrina, seeps the fed wants it both way. they want to say the economy is doing well, on the other hand they want to keep zero interest rates. what is the effect of that? >> i'm just concerned about all the currency manipulation. at some point there is no free lunch. we're seeing policies, quantitative easing, how long can this go on. europe is wanting to follow suit. i think at some point this will have bad ramifications. david: paul, what we see in europe, in someplaces like switzerland are negative interest rates. that is, they are so conservative now in terms of being unable to give out any money, that you have to pay them if you want to park your money there. could we see negative interest rates? we have the 10-year below two here. >> i don't think you will see negative interest rates soon here. you will see it in germany where the rates are even lower than we have here. it is a function of the market.

people are buying so much they're pushing rates into the negative and the swiss are orchestrating it. the fact of the matter, two year, 10-year below 2% yield, that says something about the state of the united states but state of the global economy. that is not just u.s. investors buying it. that is people everywhere looking for a safe haven. talking about market up 200 points, david. that's great. what are the best sectors in 2014. they're all defensive sectors. david: right. >> if you look at it on the surface it looks very bullish. there are a lot of investors out there looking for safe places to park their money, let's move on. vegas sands chief, sheldon adelson has a report on corrupt underside doing business in china is about to be released or may be released. will that sour investors on investing in the country? sabrina, they didn't want the report to come out. apparently it will come out and shows how corrupt that country is. might that sour investors on investing there? >> it might but might not.

remember addelson made majority of his fortune, $25 billion by investing more than 12 billion in china. i think there is something sort of interesting going on here he is now turning -- david: but he is used to dealing with vegas. he is used to dealing with the crowd there. not everybody else. >> in vegas we've done a very good job getting rid of the criminal element that used to run many of those casinos. that appears to be the case in china still. david: paul? >> i think people a long time ago made their peace with the fact that there is corruption in china. we know it. it's been there a long time. investors haven't cared yet. i don't know why this would change opinions. david: what do you think, adam, do you think people are less inclined to buy alibaba when see how corrupt it is? >> nope. that scene from "casablanca," i'm shocked to find gambling here, sir. finding organized corruption in macau. david: good luck. >> but adelson, the documents

are not yet public and they may not be public. david: they may not but they may be public. >> they are private right now. david: again, sabrina i think sometimes when people see, yes, everybody knows it's corrupt there. everybody knows it happens on every level but when you see the details you don't think that will make people feel uneasy at all? >> i suspect it might but at the same time i'm suspicious why he is exposing this. he has so much money and so much real estate. david: hold on a second, the reason is he may be forced to. i don't think he wants to but because of a separate legal case he may be forced to. >> this was brought on the guy running chinese operations and alleging wrongful termination and using this report as the reason. david: is china getting better despite the corruption and all? >> adam said, firms are making a big show on clamping down on corruption. but are they clamming down

getting rid of old scoundrels to bring in new scoundrels? i'm not convinced. david. at your own risk, folks. thank you, paul, sabrina and adam. will tomorrow's rally hold without the fed's words? stay tuned.

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liz: it is not all iphones and androids yet. yes it is blackberry. hey, i'm not the only blackberry lover. our producer, shauna smith is attached to one too. we spoke to john chen, ceo and chairman of blackberry. people were running up to him asking for selfies. it is his second year here. i began by asking him how do you get everybody here to go back to black? >> first of all the brand means black. it is something very iconic. we represent the most secure, most private, communications and mobile communications and so, and the brand is here to stay. that is the most important part. liz: the brand is not dead. blackberry is here to say. how do you grab people away from other options that grabbed their

collective conscience because of video, apps, things like that here at the consumer electronics show? >> first of all we have to much more modern design which we did. we put in our design. a lot of stuff that the individual wants for their live, but we also focused along on work, work life interaction. we have a lot of features packed in not only to make it secure but make it very private. for example, one of the features in our latest phones with the operating system is that we have a work partition and life partition. people at work, i-t department are able to see what you do privately and vice versa. liz: this is what i still have. the classic is what you're holding in your hand. how are sales doing here? >> i can't comment on sales but we're doing very well. this morning at&t announced they would carry this phone in short order. they released their pricing all around in the united states operations.

>> well, that's good news. >> that is great news. >> expect it will be better than you had hoped, can i get that out of you? >> yes, i mean, i have low expectations so, yes. but yes, we will do better. liz: underpromise, overdeliver, i get it. you made announcement about a cloud based system with the internet of everything. that is what we've seen here. what can blackberry do to be at forefront? >> we are already at the for front. we have 50 million cars using our software. they are all connected cars which is a big part of the internet of things. we're also this morning announced our medical applications on internet of things. these are the beginning of some. we have a way to manage all these devices securely and very scalable. so, it is going to be a big, it will be a big play for us. big play for industry. you can see it everywhere. all right? liz: i read during the sony

hacking as soon as people woke up at sony and found out that their phones could not be used, the i.t. department went into an old basement and found a box of blackberries, redistributed them to top executives. i would take that message and run with it. what us did it say, when in doubt maybe blackberry is there? how do you move beyond that at this point? >> we have to make sure that people know we have really modern technology but still preserve our heritage of security and reliability. which is exactly what you pointed out. so that story is a great story but it's a double-edged sword. they will get back all the old stuff. they should buy the new stuff. liz: good luck to you, john. he is a little bit of a rock star here. because i've been traversing this whole area with lots of ceos. it was john chen people wanted to take pictures with. him and david copperfield, david. coming up, rock stars? that is iheartradio's

department. bob pittman, during "the willis report" we'll talk to him why he comes here every single year. he wants to fill all of these brand new devices with the music straight from iheartradio. david, back to you. david: the guy who invented mtv. how could you go wrong. i love that guy. liz: there you going, you've been there a number of days. you must have sign hundreds of items. what is your favorite? do you have any items that is your favorite? liz: this is my9th year at the consumer electronics show. drones and 3d printing made it a whole different ball game. that is why we left the convention center and came to the sands today. what we saw with 3-d systems, it is so fascinating. it is on foxbusiness.com. they held me pose as rodin the thinker, and printed this out. in the pist that was pretty rudimentary. that looks a little bit like me

in pepto bismol. to me, this is fascinating. david: that is great stuff. >> three deprint something amazing. david: i love your mark connect advice for chen. that was terrific. they should hire you as the chief marketer for blackberry. liz: i'm not available. i'm on fox business. david: we want you here. liz, thank you. see you tomorrow. we want to get initial jobless claims and could give us a preview of the jobs report on friday. what might happen with the market's reaction. what happens next, stay tuned. >> i'm gerri willis, coming up on my show at the top of the hour, chinese-made pet food a danger to dogs and cats. it possibly still -- killed thousands. why is it still on sale? why is nobody doing anything about it? that is one of the big consumers stories coming up on "the willis report" in just a few minutes.

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david: we have been asking on social media do you think the fed knows actually what they're doing? spencer says yes, which is the scary part. they're not afraid of long-term damage, the creation of a false economy. xavier says, yes, but they have got a huge challenge ahead of them. they're in a big puddle of mud they just don't have the shoes for. our friend todd horowitz, says a bubble will continue to grow. the fed doesn't have it in them to make the tough call to raise rates. thank you so much for those. meanwhile it is time for the

number one thing to watch. we're back with paul vigna, "wall street journal" money beat reporter. number one thing to watch for tomorrow? >> number one thing for this week is the jobs report. david: sure. december jobs report. >> 8:30 a.m. david: we have jobs report tomorrow a-dp. >> headline number was supposed to be over 200,000 which is a good thing. the thing i want to keep an eye out for, what are the wages, average hourly wages. they are coming up a little bit. way below what they're supposed to be. don't expect any miracles in the friday report. david: that is why middle class america feels stuck in the mud, right? their wages have not been going up. >> that's right. david: i wonder if the market is getting ahead of itself. if it is getting ahead of the economy, without the middle class buying stuff you can not have the kind of growth reflected by the kind of growth in the market. >> fed knows this which is why they're so reluctant to start

raising rates to normalize because they know what the true state of the consumer is and it's not great. david: paul, thank you very much, from "the wall street journal" thank you very much for watching. "the willis report" is now. >> hello, everyone, i'm gerri willis, and this is the "willis report," where the, the show where consumers are our business. the auto industry in america is moving south. mercedes is the latest to shift its operations from new jersey to georgia. so why is president obama today cheerleading the auto industry's recovery in detroit? >> detroit always comes back. that is why i'm here today. gerri: oh, get this, the president making that speech from a car plant that's closed. massacre at a magazine as terrorists strike paris. freedom of speech itself under attack again from muslim radicals. and police say there could be more attacks. >> throughout paris, throughout the region