>> they have a lot of asian exposure. [closing bell ringing] david: we didn't talk about microsoft. techs getting killed. microsoft down almost 9%. but bells are ringing on wall street. liz: let's see how stocks finished. dow industrials getting hurt, i wouldn't say crushed but down earlier 390 points, the worst percentage drop since 2011 of the of the russell 2000 down half a percent. what does that mean? that means the small caps don't have as much exposure to stronger u.s. dollar. david: that's a great point. that there are other bright spots in the mixed picture. we've seen a lot worse today. the question is what will we see from apple? we'll know in 30 minutes. we'll take you there. "after the bell" starts right now. liz: 15 and 3 -- 4 spike in the fear index. david: wow. liz: extremely fearful and

volatile day on wall street. one day does not entire trend make. jamie cox is with us, from harris financial group. he says now is the time to look overseas. drew hoarder, here to tell us where to invest during the day or a season of market weakness. phil flynn the price futures group at the cme. nicole with us. larry shover in the pits of chicago. we have everybody covered of the let's start with larry. it was triggered this morning by a bunch earnings reports that weren't so bad in of themselves a lot of these companies, from united technologies and pfizer saying the strong dollar will hurt us all the way into 2015. >> absolutely of the strength in the dollar the consequences behind it are perplexing to everybody. is it just general mishap and mismanagement, latin america, russia, 90s. lehman crisis of the is it really oil or is it central banks around the world trying to stave off deflation fears?

everybody acknowledges, that the dollar is strong but i think the lean-to, safe havens are becoming fewer and fewer and people need explanations why the dollar is rallying and the headwind as you said is much bigger than most people expected so far with the earnings season. >> nicole, we had a lot of headwind. there were headwind coming out of europe and russia. what was really the key factor with jitters in the market? was it strong dollar, weak earnings? what is happening overseas? tell us. >> all of the above. but the durable good number came in obviously showing weakness, a pullback, that shows weakness overall, spending we're seeing on big goods, durable goods, cars, kitchen appliances and the like. that brings us back to the big picture what is going on with the economy so we're getting mixed messages on that. then earnings came out weaker-than-expected and concerns about ukraine and the like some that really together came all together and just saw

selling upon selling. liz: yeah. in the wake of the snowstorm that wasn't as bad as everybody thought. consumer confidence show was at a seven-year high, that was important to point out but the markets didn't seize upon that number at least today. drew, i began saying one day does not a trend mcbut you believe this is more than just a single day trend. you feel there is more market weakness. do you just freeze, do you sell, what are you doing with your clients money? >> with our clients basically looking a trend follow or and or relative strength manager we'll look towards what the qqq does. we're currently long the qqq but that doesn't mean we won't go to the psq and go short the qqq if relative strength wanes. we're also, but we're, meantime we're long municipal bond which, with hcv, so we like municipal bonds of the we like some sectors, consumer staples and we like utilities and we like

technologies. we use etfs for them as you said one day does not make a trend. what we have to do to continue to watch the relative strength, watch the trend following, to see if there is continued market deterioration. earnings problems we had this morning or the economic woes we have in europe and the problems in greece and slowdown in japan. liz: okay. >> so that's we're long, we're long the qqq. david: jamie, i will tell you where you are long and where liz just mentioned this, the consumer sentiment is strong enough right now so that you're kind of blocking out all this other stuff as background noise, are you not? >> of course. i think what you're seeing in earnings reports right now is all the bad part of a strong dollar and falling oil prices, you've seen the batting average of s&p companies, 18 companies reported, 18 companies have missed but what we're going to see in the future is all the good part where the consumption patterns will increase and when you see an economy like ours with 70% of the gdp related to

consumption, what you will see as the year goes on as these consumers get confident, they spend money it will create growth and i think that's what we have to look forward to. we're watching volatility and watching the market drop, what we look forward to in the future is earnings of consumer companies and companies that sell and manufacture things in the united states will do very well. so don't worry so much about what is going on today. look forward what you will see is some pretty good things. you can invest right now and get things on sale. liz: that is actually advice that worked really well over past couple years. don't worry about single day drops. sure enough, overtime, we've seen a big move. phil flynn, oil at $45 a barrel is really the reason, especially gasoline cheap too, consumer confidence in january, again an early print, came in at a seven-year high but companies like caterpillar are saying dropping commodities are hurting it. caterpillar got slammed today. >> they are. i think consumers were feeling confident because they were sniffing too many gasoline

fumes, when the prices feel good, they get better. liz: phil, sorry to interrupt you. we have yahoo! numbers. definitely something we need to hear about. cheryl casone. >> we're going through them right now, liz. here's what we got. yahoo! coming in. 29 cents, that was an adjusted number, company coming in a 30 cents. that was beat estimates on revenue as well. 1.18 billion was estimate. they came in 1.25 billion. a few things we're looking for, let me bring this to you. plans for a tax-free spin-off, this is big, alibaba group. this is big. yahoo! announcing plan for tax-free spin-off of remaining stake in alibaba group. a lot of shareholders wanted to see marissa mayer to do this. they are returning total of $50 billion after the spin-off of alibaba to shareholders to date. this is very, very good news if you own shares of yahoo! right now. that is pushing up the stock,

that plus a pete. the stock is up about 5 1/2% right now. this is one of the big pieces of news we were looking for what they would do with remaining part of alibaba in japan which i don't see. yahoo! still owns 15% of alibaba and 35% of yahoo! japan. that is the headline you need to know. liz: marisa mayer is doing what activists investors begged her to do and the stock is responding rather dramatically. plus they it hit the whisper number, cheryl. the estimates on the streets were 29%. i wonder if it is engineered though? >> they're taking a cautious note keeping a lot of their cash. when you look what yahoo! did and outperformed does that give you indication for apple or totally different story. >> totally different story. apple is iphones and iphone 6s. yahoo! has a floor under asian assets but apple will have blow

out numbers are to the iphone 6. yesterday was an awful, awful earnings day. today will shape to be a very good one. into the weekend are good if you own companies like apple. i used to own it. i don't own it anymore. david: would you buy it now, it is about 110? >> not yet. i think one of the things that reason he sold apple i felt like i didn't need to buy an ipad anymore. i didn't need up to grade my iphone. >> guys, jump in here. liz: go ahead, cheryl. >> a couple of crucial headlines. they will spin off into new company. this new company will distribute the shares. basically she is splitting things off and that was something else we were looking for now. this is crucial. this deal completed first quarter, excuse me, fourth quarter of 2015. they have got a lockup agreement with alibaba. will take some type, i want to be clear on this. from what i see here they will continue to hold off on the stake in yahoo! japan but split into two different businesses to

make this transaction happen so the core internet business she has will keep under her control but get rid of most part of the asian assets except yahoo! japan. they will hold it under their umbrella. liz: they're calling it spinco. wires are calling it spinco. distributed prorated to yahoo! shareholders. remaining shares, david they will have will be worth about, you see that. this is 384 million shares of alibaba. $40 billion. david: again, when stock is so focused on something that it owns and the questions how that will be turned into cash or used as investment you wonder whether the focus is on the financials rather than the actual products they produce. and, drew, that is very different situation from apple where the focus is directly on their products, on what other products they may be getting into. >> yes. i mean that's obviously a it did scenario with what we liked

again as i mentioned before, we like the tech stocks, the tech scenario of the so we do own the iyw etf as far as tech stocks. that will help us. liz: larry, what are your thoughts on this because you know this story? >> yahoo!, front and center realizing tax ownership. some people think it is worth $20 a share to the stock in net. i don't know if $20 less or $20 more. at end of the day i'm neutral on the stock. they have to reaccelerate search and display of the they have to demonstrate to me and to others they can do something with their acquisition like bright roll they got in december. also tumblr and flickr. a lot needs to be told to me whether i like the stock because i really believe this whole thing with tax efficiency is already built into the stock. david: all right, guys, thank you very much. jamie cox, drew hoarder, phil flynn, nicole petallides and larry shover. morgan stanley saying today what our next guest is actually been

saying for months now, that the economy is too weak for the fed to start raising rates this year so what happens now? joining us is peter schiff, euro pacific capitol ceo. peter, they say page you are rich is sincerist form of flattery. you should be honored morgan stanley listenses to what you said and repeats it but what does happen now if in fact the economy is getting weaker because of what's happening overseas? does the fed get back into a qe mode where it actually starts buying bond again? >> well, first of all, it is not because of what is happening overseas. that is the excuse but the minute -- david: it is a pretty good excuse, peter? >> well, but they never run out of them. it is whatever is going on but the minute the fed stimulated the economy with quantitative easing and zero percent interest rates they guaranteed it wouldn't work. when you do it you just create an artificial high and when the

stimulus wears off you are always in worse shape economically than where it first began. that is the point we're at. we're going back into recession in the united states. not just that the fed will not raise rates. they will have to do qe4 to keep us out of recession. of course they shouldn't do it. they should allow the recession. david: weaker earnings than expected in some big companies that have a lot of exposure overseas and a knockoff in durable good orders do not denote beginning after recession. what other signs of a recession do you see? >> first of all all the economic data that's come out in the last few months has been pretty weak. david: hold on. we had a very strong, last quarter we had had a very strong gdp number. >> yeah. that was gdp but i'm talking about months since then. that was going into q3. the thumb business for q4, the months of october, november, december, now january have been very weak. why was q3 so strong? it was because of obamacare and pause of the big inventory build because people were expecting a

big christmas, look at the earnings friday from ups. they had a big disappointment because holiday seas were not nearly as good as they thought. meanwhile they hired a bunch of people in preparation for a merry christmas and got bah humbug. i was saying back then, a lot of jobs created in the third and fourth quarter are going to be lost here in 2015 and as businesses realize the recovery they expected isn't going to materialize. david: okay. >> i think that's what is going to happen. we'll see what the gdp number is on friday but that could be a lot weaker than people expect. david: if it is a lot weaker, and situation over in europe doesn't improve as a result of what ecb does, go back to the first question, will the fed, will our own central bank get back into the bond-buying mode? >> well of course they're going to. they guaranteed qe4 when they did qe1. these central bankers make our weathermen look good when it comes to forecasting. they keep talking about this great u.s. economy --

david: below the belt, by the way. >> yeah. new york didn't get buried in snow but wall street got buried in bad earnings and weak economic data. we got three feet of it piling up but, you know, we're going to have qe4. you know, the only reason the dollar rallied, i i heard you gs talk about the strong dollar. only reason dollar is going up, currency traders think european central bank and other central banks doing stupid things and federal reserve just finished doing stupid thins. we're just getting started doing stupid things. we'll do qe4 and print more money than europe, japan and everybody else combined. >> the other thing you were right on, don't mean to give you many kudos, ups you forecast numbers were going be weak. indeed they were weak. perhaps they hired too many people thinking they would have more business than what they did have. what else do you see for specific updates?

are you shorting any companies because of your beliefs? >> i'm not sure the u.s. stock market because i believe ultimately in nominal terms, u.s. stock prices will still trend up but in real terms i expect them to continue to lose value, especially priced in gold. gold prices didn't do much last year in terms of u.s. dollars. they went up in every other currency but year-to-date gold is the best performing financial asset. gold stocks are the best performing stocks. and i think that is going to continue for the rest of the year and probably for the rest of the decade. david: we have to jump, peter, but very quickly, gdp numbers on friday, what do you expect? >> they're looking for 3.2. i think it is more likely to be closer to 2.2 than 3.2. david: okay. >> but we'll see. with obamacare stuffed in there, you never know. they find a way to shake these things up by pushing money around. david: okay. >> i think it is much more likely to disappoint than hit the number. david: peter schiff from europacific capital. good to see you. thank you very much. hope you dig out okay from all

that snow. >> he is still digging. let me quickly say, yahoo! is moderating a bit. it had been up about 8%. it is slightly down at the moment from that high level. coming up breaking news from apple. the company about to report earnings and analysts expect a record-breaking quarter courtesy of iphone 6 sales. will it happen? david: caterpillar, 3m, proctor & gamble companies taking a hit because of the strong dollar. what companies are next? liz: what can football teach you about business? a lot. we'll talk with that former cowboy. opened 24 restaurants. he will tell us how his on the field experience helped him launch a successful business off the field. ♪

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liz: we need to get back to yahoo!. it is jumping after hours following earnings and spin-off of alibaba. david: the spin-off is very interesting. nicole petallides on floor of nyse with details. nicole? >> david, liz, we're seeing the stock higher after-hours beating on top and bottom line. getting to the spin-off, ma liz is a mayer has been under scrutiny how she is trying to turn the company around.

some activist shareholders including starboard, really wanted was essentially to break the company up into two distinct parts. certainly seeps that is exactly what they're doing. they unveiled a plan, tax-free spin-off remaining holdings of alibaba group. don't forget they have 15% in that. so that is what they're doing. they also said this will be completed in the fourth quarter of 2015. the key is that this is a tax-free spin-off and so that will be done without taking a big tax hit. because that was one of the very big worries. marissa mayer can focus on turning company around and struggling addition play business she is focusing on closely. thank you. liz: nicole, thank you very much. david: strong u.s. dollar has a huge impact on companies that sell goods and services abroad. liz: who is on the list? we know about today but what about tomorrow and next day? companies that come out scathed and unscathed?

we have guy that looks at this. he is fire app ceo. look at proctor & gamble, dupont, united technologies all cited as the strong dollar problematic for their full-year numbers about. what do you look for in a company when you're trying to anticipate who will get hit by the strong greenback? >> well we basically look at first of all, have they changed anything from the past? do they understand their exposures? you said earlier how, from prologics talking about they understand their exposures and they know how to manage it to one cent earnings per share. you heard yahoo! come out. they don't have impact. they have been leveraging our technology to be quite frank for years now, that is not the story there. they're not going to have impact. there are companies out there doing really well, that understand their exposures and know how to mitigate it, not simply hedging which is inexpensive. another good topic to talk about, just understanding what do they do intern thatly. -- internally. they figured out how to do loans

against it, prologics. this is mind-boggling at times large corporations still have problems. this is complex, understood but at the end of the day there are platforms like fire apps out there who help these companies solve. that you and i talked about this. dave, we talked about this for what, three, four years, companies like google have this figured out, accenture, keep going down the line yet you still see some large companies like 3m taking these hits. david: wolfgang, let's pull back and look at economic policies, specifically fed policies. whenever the fed raises rates that will strengthen the dollar even more, now at 11-year highs but it will be strengthened even more if the fed raises rates of the fact that companies are suffering and the fact it is impacting the market and perhaps the economy as a result of stronger dollar, does that mean the fed will not be raising rates at all this year? >> they have a tough decision to make. the unfortunate thing we're actually in currency war. we have a lot of countries --

david: you think it is at that point where you would call it a currency war? >> i would. i absolutely would. when you get swiss national bank coming out and letting it go where before they had g-10 concerted efforts not to have 20, 30% moves. that is pretty significant. to let the russian ruble go down 30%. those are not concerted efforts, 3, 4, five%, keep the markets calm. we're definitely in a war. liz: i need to give you and let our viewers know, take out two names that might get whacked by currencies again because they haven't figured out to hand ale stronger dollar? >> dane a that holdings. i don't like to talk about the negatives, like to talk about positives. xerox has gotten hit in the past before too. other companies like titan internationals of the world will do better. they understand it. there are some examples. what investors should do think about what is in their 10-k

under annual reports under item 7-a and under item 3. how well are they disclosing it. liz: we'll have you back to do that for us. david: we have to wrap because we're expecting apple numbers coming off right after the break. >> they may still see some impact. david: i think they may. wolf duane, thank you very much. >> my pleasure. david: wolfgang kester, from fire apps, ceo. liz: football field dishing out football fans favorite game time snacks. we'll speak to one former pro footballer, how early retirement led to becoming unbelievably successful restaurateur. david: breaking news. apple numbers coming up right after the break.

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welcoi'm jerry rice,down! here discussing the upcoming big race between the tortoise and the hare. jerry, the hare always brags about his speed. fine, but he crossed the line when he told... hey, turtle neck. want a head start, how about a week. yeah, my performance does the talking, ok. jerry, thanks for having me, i have film to study. hey, how about you rice cake, wanna race? you don't want none of this. david: time for a look at today's market drivers. stocks plunge with the dow down as many as 390 points in earlier trading before paring some

losses. the tech sector led the market lower, posting its steepest one-day drop in more than three years. meantime oil rises for the first time in four days as the u.s. dollar weakened. crude ended up the day up 2.4%. yahoo! is jumping in after-hours trading after reporting fourth quarter earnings. yahoo! announced a tax-free spin-off of its remaining stake in alibaba. liz: okay. i just want to say, apple numbers are out, david. as we go through the numbers the stock is jumping in after-hours trade. it closed at $109.14. right now the bid is 112.96. the ask is 113. david: we're beginning to see some sales of apple seas, 74.5 million phones. that is a beat over the holidays. 65 million is a number people were looking at. on individual unit prices we already see beats. cheryl is going through all of the numbers. what do you see, cheryl? >> a few key things i want to

bring up. first off we got a very nice beat on earnings per share on particularly the revenue side. iphone, you brought the number up, that has to be a big, big piece of it. iphone unit sales 74.5 million. ipad unit sales 21.5 million. we want to look at gross margins an look at cannibalization between ipad mini and regular ipad which we saw in the last quarter. revenue 71.6 billion. estimate was 71.69 billion. ipad unit sales. i'm look for now is break down between ipad machine any and ipad. i see if i can get that to you pies guys. looking at stock, stock moving higher 3 1/2% t was moving up 1 1/2% after the bell as the after it rang as you all mentioned. it was all about the iphone. we knew they had a strong iphone. iphone 6, one of the strongest iphones in history,

guys. liz: this will not be a quarter of a china syndrome. they sold more phones the u.s. than china. some people thought that would be different. i want to bring in jo ling kent. i don't know how meaningful with the stock trading in the after-market session but something people will wait to see. >> they will wait to see that. it will happen very soon, liz. just a matter of time. they have single digits in china versus presence. that will climb even with the success of xiaomi. ipad sales, 21.4 million was sold. 22 million the street was looking for was already 14% decrease. we're seeing record phone sales of course. it is a record year for ample with both units and does better in developing markets in terms of the 6 plus, that bigger space but going through these numbers they seem to be pretty satisfactory overall. david: stay with us, jo ling. we'll come back to you. we have ivan fineseth from

target financial partners. one thing that jumped out at me, ivan, gross margin increased from 38.9% to 39.5% the looks like good number there, no. >> incredible number. selling a bigger it phone and slightly higher priced iphone. i believe they would have higher margin. david: would you buy in? it is 114 1/2 in after-hours trading. would you buy in on that? >> absolutely. we have a strong buy rating on stock. not only do iphone sales drive revenue but sales of iphone drive ongoing revenue between the service, connection service, data service and also content that's consumed from itunes. liz: we're still looking, ivan and joe, for a new product announcement. listen they have already revealed an iwatch. there is no other new product, at least as far as we see receipt now. they probably don't usually use earnings as an opportunity for that. but for the products they have, you know the last couple of

quarters, joe, we've seen ipad numbers drop a little bit. we were waiting for something called ipad pro. they went to ipad mini and ipad pro is supposed to be bigger. >> we're looking for device easier for companies enterprise to use. apple striking ground breaking deal with ibm. i'm looking at outlook for apple right now. they're saying for fiscal 2015 in the second quarter, they will forecast revenue between 52 and $55 billion. operating expenses between 5 1/2, 5.4 and 5 1/2 billion dollars. going through the numbers you see a pretty strong year ahead, quarter ahead, for apple but on the device front, it will be a good long while before we see another major groundbreaking device from apple. they have the watch. coming out reportedly in march. battery life not looking too bad. we'll see how that wearable device goes. apple has tons of fascinating patents they're looking at, they're probably developing

under wraps right now. we probably will see another wearable if apple watch succeed. david: as exciting as some of these numbers are, as the potential of iwatch is, ivan, you don't put much stock in the iphone. you're bullish on apple but not necessarily on the iwatch. why not? >> i don't think the iwatch will be a big seller. it will be a good niche product, an extension of the apple ecosystem but i don't view that to be a large driver of revenue. liz: listen, either of you, the whisper number was 2.66. you look at some of the other numbers they were well below that. ivan, with do you make of this? harder in a non-holiday quarter such as current one to turn an interesting trick. >> the real driver they announced a new iphone in september and it sold in the fourth quarter, so, that was the real driver of. not so much it was holiday quarter. of course people bought a lot of this as a holiday gift as well.

it was new product introduction real driver of revenue. david: ivan, one thing a lot of people are looking at is ability to cut the cable, whether or not a company like apple might be able to do that. i notice on the new iphone, you have sort of the ability to create hot spots that you didn't before, if you combine that with apple tv, might they be into a whole new system by which individual can cut their cable cord and go directly to apple and directly to the stations and channels they want? >> well, everybody including myself has been looking for, hoping for the itv or apple tv to come which would be a natural extension of the apple ecosystem and data an content platform. so i think if they were to have -- david: possibility of liberating ourselves from the dominion of cable providers would be magnificent. >> it would probably be internet-based data and content feed from itunes.

liz: how about this one, jo ling? the cfo, wolfgang kester just warned people that apple may have some foreign exchange exposure. the cfo is saying that the stronger dollar is, quote, becoming a clear headwind. >> yeah we're definitely seeing that. of course with microsoft and other tech companies that are primarily international facing. i'm looking at some international revenue. you see that revenue was up asia-pacific, 33%, liz. it was up in greater china by 70%. europe up by 20%. there is no doubt that the foreign exchange issue will certainly be an issue. another thing i was just looking at here, is the ma consider, the computer. sold far fewer unit than an iphone but that also beat a record coming in at 5.5 million units. so another good beat from apple on device perspective. david: i bought a mac air. they're magnificent product. >> a new one coming on the second or third quarter. david: what about buy back,

ivan? no talk of that. is that a disappointment? >> yes, they have a significant amount of cash. in fact the biggest drag on the stock buys is their excess cash. that is diluting the overall return on capital. david: what will they do with it? >> they have to ramp up buybacks, ramp up dividend and increase dividend and make acquisition however they will never make acquisitions with the amount of cash they have, so they they have to keep returning that to shareholders and accelerate that. liz: here comes carl icahn maybe. good to have both of you, lively, lively post reaction to earnings which were a clear beat on top and bottom line. ivan, thanks very much. and jo ling kent, thanks as always. david: great stuff, folks. snow levels fell short of three feet initially predicted, blizzard warnings remain in effect for parts of four states? the northeast. we'll go live to boston for more on the snow's damage. that's coming up. liz: from the football field to building his own very successful

business, one former nfl player uses lessons he learned from the gridiron to take on the restaurant industry. he will share those with you. you need to hear crawford ker. ker's wing house bar and grill founder. he will tell us what is behind his company's success. that's next. give you 37-thousand to replace it. "depreciation" they claim. "how can my car depreciate before it's first oil change?" you ask. maybe the better question is, why do you have that insurance company? with liberty mutual new car replacement, we'll replace the full value of your car. see car insurance in a whole new light. liberty mutual insurance.

david: apple beating top line, gross margin, it was a beat all

over the place. as a result closing up. not quite as much as we suspected it would as a result of earnings. a nice beat on number. a nice beat after-hours. we'll see if it holds tomorrow. liz: david, we have superstar in our midst. after playing for the dallas cowboys and denver broncos crawford ker, was forced to retire due to injury. that happens to a lot of players. what happened next was rare. he had $500,000 left in his bank account. spent it towards conner kerring the restaurant business. now his business is booming. joining me, big daddy himself, crawford ker, that was his nickname. founder of ker's wing house bar and grill. our number one seller naked wings. do tell. >> naked wings. we take all the skin off them. we call them naked. one of our specialty items.

great to be on the program. liz: we're thrilled to have you. your story is really interesting, particularly because you took some lessons thaw learned to become successful football player right to a restaurant idea that, that is a very tough business to enter. why the restaurant business? >> well, my dad was in the restaurant business. so i was always around it growing up before i played football. i was a waiter and worked in various restaurants. so when i retired i used a lot of my football background and pictures into my sports bar restaurant which is the wing house and i was lucky to get a great location. it took off. liz: that was 1994 in largo. now, 24 locations later, you've sold, but are still running the business of the you sold to a organization called third leg. let's talk about the successful things thaw learned on the field that helped you really win. and when it comes to the restaurant industry. we can put some of these up. set achievable goals. that one i found really interesting.

because in essence you're saying make it a game of inches, not a game of miles so you keep your projections realistic? >> yes. i mean i believed that, small goals, small, medium, large goals are important because you got overwhelmed setting too high standard and you get very disappointed when you don't meet them. in football it is about not turning the ball over, not fumbling. in business it is not losing money. you have to be very careful and you have to be prepared. liz: when you make money like icing on the cake. what about pass the pal? to me, that simply saying, what you have to do is let go and trust others. that can be difficult for a lot of people. >> well it is a control thing. i mean it is a position that played was offensive guard. i always had my handful blocking reggie white but i didn't worry too much about what emmitt smith was doing or troy aikman. so it is very important to delegate in your business so that your team can have success.

liz: that is hard to do because there are a lot of high-achieving people saying i need to do every single thing. you talk about building a dream team. other things, be a great coach, war your protect testify gear. get a great lawyer. make sure you're insured properly. go back to building a dream teach. what is the number one thing you do to make sure you find best employees who may want to get paid more but which take a shot with you? >> well, two-ways you do it. a lot of time get people very good in industry. you have to look at background and interview well. the most important thing is to the track record. i mean like the nfl. if you're a great coach, you always have a job. but it is only so many jobs and some top people. so i learned, you know, off two of the best in tom landry and jimmie johnson. both of them had a unique style but i watched them every day seven days a week so i picked up some of it. liz: do you still do dishes sometimes when you're shorthanded?

>> i will do whatever it takes. i have a motto, whatever it takes no job is too big or too small so you do whatever it takes. >> we have to go but listen, the "deflate-gate" issue will that affect the patriots psychologically? that is what everybody else will be asking about? >> i think everyone is talking about that but the bottom line, bill belichick, tom brady, those guys get very focused. i just think it's a media blitz right now but i don't think deflating footballs helped them beat the coach, not by, not by 45 anyway. liz: there is your prediction. crawford, it is great to see you. anybody down in florida, check out one of 24 locations of the wing house. great to see you, thank you. >> thank you, liz. liz: craw ford kerr. good advice. david: good for him. blizzard of 2015. not done just yet. parts of new england still getting hit hard.

we head to boston next. u.s. government may be spying on millions of americans while they drive. have you heard about this? we have details coming up. ♪ ♪

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parts of new york and new jersey but the much talked about storm smacked large parts of new england with some 21 inches of snow. look at boston. david: oh, molly line is live in the heart of boston. what does it look like there, molly? >> hi, liz and david. there are giant piles of snow everywhere. pretty surreal actually because the travel ban is still in effect in the eastern part of the state so you can't drive on the roads. but plenty of pedestrians walking on road and skiing on road. folks playing king of the mountain today with sidewalks getting cleared. people pushing snow. and i feel like they have been doing that all day long. boston's mayor say it is possible school will also be canceled on thursday. no school today, no school tomorrow and considering canceling on thursday as well. one of the wig challenges what you do with the snow, if you're making it around a corner tough to see with mountains and ledges pushed up so high.

we're waiting further word on travel ban but still in effect in the eastern part of the state. it has been lifted in the western part of the state. another thing we're keeping close eye on is coastal flooding. some communities south of the city like situit getting hit hard. seawall slammed in mash field. snow up to possible foot in those communities. liz, dave. liz: i see people skiing down mass avenue when i was in boston. molly line. david: here is a question bothering a lot of people what they saw in the "wall street journal" is the government spying on mills of people. authorities are tracking vehicles around the u.s. and storing data that is collected, without a judge, without even going to court. liz: that story coming up. >> hi, everyone, i'm gerri willis. coming up on my show at the top of the hour, a church in indiana

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david: well today we got shocking details in the "wall street journal" how the u.s. has been spying on millions of drivers by using license plate readers to create a database for federal and local authorities. gerri: so the question really

is, why are they watching us? jeff flock in chicago with more on that particular question. jeff? >> they are gathering data like they gather it on your phone. it is something that has shocked a lot of people but it has been going on for a long type. you know we have a lot of cameras out there. if you take a look we have a camera out on interstate 95 just outside of baltimore. there are lots of cameras out there but these are, as david points out, these are license plate readers when you are there, which direction you are going and here are details on this. it has, license plate readers collected literally hundreds of millions of pieces of data on various cars. people not charged with any crime. passing by. they also use cameras and can take your picture as well. and this is system that has been employed, this is one of the headlines, throughout the u.s. it was started by dea, down on the southern border to track allegedly drug trade down there.

apparently it expanded all across the u.s. a lot of people would argue this is not tracking. not like putting fps in your vehicle but the -- gps in your vehicle. the aclu and and people on both the left and the right would disagree. >> take enough of snapshots, add them all together, it becomes equivalent to putting a gps tracker in your car. if they don't get a hit on your car there is no reason to retain the data. >> they do retain the data according to the journal report for three months. they collect this on just about everyone. a lot of people on both sides of this issue, left and right, doesn't seem to matter. some people are troubled about it. david: very troublesome. >> if i haven't done anything wrong -- david: exactly. jeff flock, thank you very much for details. appreciate it. ly apple crushing earnings estimates with profits rising 38%. a record high. >> per share up 48%.

revenue up. stock is rallying. david: now $114. a lot of people wonder if it is worth it. >> "the willis report" though is next. gerri: hello, everybody, i'm gerri willis. and this is the "willis report," the show where consumers are our business. historic blizzard for new york city that never was. weather forecasters say, sorry, for getting it so wrong. >> i think in general the storm was overplayed in new york. >> the biggest consumer electronics company in the world, apple, reporting earnings. what is next for the iphone and when can you get your hand on the apple watch? the feds spying on most of drivers. why are they using technology to fight drug dealers to track your every move? >> this system has been in effect secretly for a number of years. gerri: also an indiana church takes on the bies