apple wowed wall street. [closing bell ringing] david: it wasn't just apple. boeing was way up. there were winners but we have to focus on the losers i'm afraid. liz: david as they finish up on wall street we'll see how stocks are finishing up. dow jones industrial average closing to the lows of the session, losing 189 points. truly the s&p 500 gets hit the hardest as far as percentages are concerned. getting clipped by 1 1/2% even with great apple numbers. apple represents much of s&p. david: russell 2000 they were improving a bit. they were the biggest loser among the four indices. liz: "after the bell" starting right now. facebook coming up. david: getting right to the market action, we have hank smith of haverford trust telling us why he not concerned about the weakness weave been seeing particularly day.

geir gavery rand is investing almost domestic i almost exclusive. he says the rate hike is coming this year. mark sebastian joining us from cme. mark, start with oil. when i see inventories, i don't know if we put that up on the screen, inventories at record highs, going back at least 30 years here. what is causing these big inventories right now? is it slowdown in demand? that would indicate coming of something bad in the economy. >> well i think it is a little lag between production and demand. production is still up to rates where oil was in the 60s and 70s. so i think as production starts to slow down you will see reserves start to dissipate. one interesting thing with oil this low, i'm wondering why federal government is not adding a lot to the strategic oil reserve. they were buying lots above 100. david: they're not oil business,

mark, that's why. they're not in the oil business, my friend. at any rate, they're not in the oil business. perhaps they have enough oil. i don't want to the government to spend anymore of my money. we'll get there later. >> facebook numbers coming out. as we parse through the numbers the stock is deciding which way to move in the after-market session. again what we will look for? daily mobile active users, monthly mobile active users. all those numbers matter. cheryl, do you have the numbers? >> jo. >> what's up, liz. i was looking for cheryl. revenue beat 54 cents, healthy beat on 49 cents expectation from the street. revenue $3.85 billion. that is also a serious beat of 3.77 the street was looking for. we're going through this. you see mobile daily active users 745 million. monthly active users we're looking at 1.19 billion.

so some pretty serious numbers here. looking at advertising, overall ad revenue $3.95 billion. we'll go through the report. so far a pretty healthy beat for facebook across the board. david: it is lifting a little bit. the revenue was key. hank, talk about in context with facebook and taub about the market in general. why the huge slide? why did we lose the lead that we had? >> look, i think it has a lot to do with earnings. disappointing economic report on durable good yesterday. this decline in oil. the strength in the dollar. add all this up. then for no other reason, the fact that we haven't had a correction in 3 1/2 years, the market is due for a kind of a pause but i don't think it takes away from the secular bullish case that the stock market still presents. liz: okay. that is hank's opinion.

i want to get to gary. let's just cut to the chase why the market sold off. i'm thinking, and jon hilsenrath also pointed this out along with al bodies in the last hour who used to run the richmond fed, the word solid, they added that word and took away moderate. the economy is growing at a solid pace was a positive certainly for anybody who is not crazy but you want that to happen but the market itself is voting machine. they like quantitative easing. how do sort of invest around that? >> well, i think -- liz: gary if. >> i think the fed has got some information that maybe we haven't seen yet and the, the news seems to be pointing in a positive direction. most of the economic news lately has been positive. i think you to stay the course in the market. it will be a little rocky here as earnings come through and the strong dollar and what is going on with the ecb. but i think the market looks like it's poised for some

further gains and as prior guest just said, look, we had a pullback in september and october. it wasn't an official correction. i think moves like this, there is a little uncertainty going on what direction to take. big stocks did well last year. strong dollar may affect that this year. money is looking to go next. david: anthony, it is true the fed has information we haven't seen yet. for example, they may have advance of gdp figures. with this growth in oil, when ever you see that big ventorry and certain oil wells capped their flow recently i'm concerned about an economic slow-down. are you at all? >> we're not very concerned about an economic slowdown to be honest with you. david: so why the inventory? why do we have the highest inventory we've had in 40 years? >> because we're pumping more oil that we need. the economy uses a lot less oil than we used in decade past.

it certainly hits the energy sector. we have the rest of the economy doing quite well. we'll see earnings decline in the energy sector for the fourth quarter and certainly holdover all earnings back look at rest of the sectors in s&p they're still growing in high single-digit growth rates. liz: i need to interrupt you, i'm sorry, anthony. we have qualcomm numbers. jo ling kent with those as well. stock trending down. >> beat on top and bottom. 1.34 is adjusts eps. the beat for $1.25 a share we were looking for. revenue also a nice beat of $6.94 billion of the street was looking for. what is interesting here they actually resolved a dispute with licensee in china. so of course a lot of their business comes from china and comes from apple. this is good news for qualcomm. but they did lower their expectations on both revenue and eps for the second quarter. lowering expectations to

$1.28 from 1 heroin $41 a share because they expect to see heightened competition in china going forward. liz: that is interesting. intel pairing up with certain, settle with the chinese licensing issue. that is a big deal. that could have cost them billions of dollars. i see that only as positive here at least clearing a headline. steve is a smart guy. he has been running running thay and trying to figure out how to continue but yes, david, the competitive landscape is tough. david: when you focus so heavily, they get 10% of their revenue from china, when you focus on a economy that is in the decline you have got problems. i want to bring it back to the fed a little bit with mark sebastian. mark, you're a big chicago cubs fan. a long-suffering chicago cubs fan. you said it is more likely that the fed will win the world series than the fed raise rates. didn't today's action with the fed perhaps there will be a rate

hike this year? >> they're delusional, all right? how in the world do they raise rates? we still have huge employment slack, no wage growth. we have rallying dollar. we have borderline deflation and costs. the 10-year note trading at 1.7-year-old, all right? explain to me how in the world the fed thinks they will raise short-term rates 25 basis points? liz: they didn't say they were going to, mark. >> yeah. you will see a cleveland browns super bowl before you see fed rates. liz: hey, i resemble that remark. >> that's what i'm telling you. liz: he is mean. let me go back to anthony because we interrupted you. what is your thought on the fed as we look forward to potential june tightening? >> i think june is too early. i think the fed will have to explain, yellen will have to explain in february at the semiannual congressional testimony about the timing of a first rate hike and when that will occur. i think they left the door open

to push back with the acknowledgement of international developments. that was new in the fed statement, and the fact they acknowledge ad slowdown in inflation. the door is open to pushing it back. we think more of a late 2015 event. the bond market probably priced that in roughly as well. we think the economy is growing strong enough to warrant a rate hike late they are year. we think that is the case. david: i want to go to hank, because hank is a man of his convictions. not only believes in growth but believes in energy stocks, in particular exxon which will be reporting soon and reporting friday or monday. schlumberger, are you at all concerned when you see oil drop as it did today about these picks? >> concerned only from a near-term aspect. look, we've seen these cycles before where we've had large declines in oil prices, eventually oil will resume an upward trend. what we do know is the higher quality companies like an exxon, like schlumberger, offer

excellent value here and above average dividend yield. schlumberger, for example, just increased their dividend 20%. there is no tangible better vote of confidence than a dividend increase. exxon increases its dividend every single year. so you're getting better yield than a 30-year treasury today in these stocks and many other stocks i might add. so you might be early but i think it is a good entry point for long-term investors. david: particularly when you look at schlumberger, it is down 4 1/2% today alone. if you want to buy low, now is a time to do it. guys, thank you very much. liz: hank, gary, anthony, mark sebastian, if i see you in a dark alley, cleveland browns comment. good to see all of you. david: he is a cubs fan. my heart goes out to him. facebook reporting moments ago, beating estimates. stock is not reacting a lot to all of this.

is massive 40% run-up past year ready for a pause or so? do the numbers say that? liz: plus the fed appears to be in wait and see mode when it comes to pulling the trigger on rate hikes, at least until june. at what point will the fed be too late? are they putting us at risk by not acting? we have martin feldstein, former chairman of the council of economic advisors. david: if you think you're making all the best as possible financial decisions think again. we'll look at psychological money mistakes you may be making and how you can correct them. that is coming up. investment advice you need to hear. ♪

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liz: so facebook reported earnings just moments ago. david: the stock is just about holding its own. let's bring in victor anthony, analyst at topeka capital markets. our own jo ling kent is still with us. victor, let's talk about first ad revenue. did that disappoint you? it seems like something disappointed the markets

after-hours. victor, can you hear me? >> i'm sorry. revenue growth was 53% growth year-over-year. came in 2% ahead of my 51% estimate. it was a slight beat. not a huge humongous beat which is probably why you're not seeing the market reacting. >> jo, you had a chance to go over the numbers. what nuances did you see? auto play or instagram? everybody is waiting to see some monetizaton out of those areas. >> yeah we are. i think mobile is the story. we're talking about a huge jump for revenue overall. mobile revenue made up 69% of all ad revenue in the last quarter. do comparison of that, 53% came from mobile year-over-year. compare that to year before you see a significant jump. take a look at this, overall monthly active users 1.39 billion users. we saw significant growth on that end. of that, mobile monthly active users, 1.19 billion. you see the mobile play facebook

pushed really hard into actually starting to pay off, liz. david: it is paying off. on the other hand the stock is not paying off as a result of these earnings. it end the day at 76.24. it is about the same, $76.10. victor you have a price target of $96 on the stock. why so high. >> the stock is in incremental revenue profit contributions this year 2015 from instagram, from video ads, largely as well as from the mobile ad network which will make its way into the numbers as we progress through 2015. so the numbers today it was just a slight beat, 2% above consensus for revenues. the eps was about six cents above. i think big part the tax rate was much lower than what the street was modeling. so, overall it's a good print, good solid number. good solid mobile number and good solid growth but i don't

think it was a significant beat versus expectations when you strep out numbers. liz: actually couple pennies higher now than the closing value. that certainly intimates the market is watching. investors are starting to read more deeply into this. i think, jo, people over past couple quarters watched user engagement closely. how many times to users check the facebook page. what do we see from user engagement? >> daily active users, 890 million. that is very significant when you're talking about total mau of 1.39 billion. that is a huge percentage in terms of facebook engagement. revenue driven a lot by mobile network. we talked a lot about that earlier. what we'll look for moving forward how they monetize instagram. mark zuckerberg said he didn't want to monetize instagram until they got to billion users. that happened already. they are doing ads and relatively successful.

we don't have the numbers. no mention of what's app. i suspect we'll hear something on the call. david: one final point, victor, zuckerberg scared a lot of investors about investing aggressively, his phrase, early in the year. did every expand on that to satisfy investors at all? >> well i think throughout following investor conversations a big chunk of that ad spend was really due to oculus to make that virtual reality a mainstream product. i expect him to reiterate that expense guidance on the call but i do know in the past two years when they have given out expense guidance they have always beaten that expense guidance. i expect the same as well. they're coming in better than forecast. david: good stuff. victor anthony. thanks very much. jo ling kent, great analysis. liz: european central bank increased its advanced purchase program following footsteps in the u.s. federal reserve on what

it started to do a couple years ago but also the bank of japan and singapore dropped its rates too. david: eastern singapore. is this a sign central banks are running out of options to revive growth? we'll ask famed economist, martin feldstein, harvard economics professor. he is coming next. liz: if you're making best possible decisions for your money, think again. we have four money mistakes that could be costing you big bucks. folks, we're actually here to help you make money. you need to see them. these mistakes, they may be all in your head. david: that is me when i was in high school. ♪

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david: investors were disappointed today that the federal reserve offered no hint that rate hikes would be postponed until 2016. liz: le's get a top watcher on

this one. he is marty feldstein, harvard university professor of economics and former chairman of the council of economics advisors. digging out from the snow in cambridge. are you okay, marty? >> i'm fine. we had a lot of snow. liz: that is understatement. we didn't get so much. you guys got crushed there. let's talk about what happened with the fed of the peter barnes, our washington correspondent just sent us this note, the last time the fed used word solid to describe the economy and its growth was about 2007, right, david? it's been a long time since we last saw that. and now today we heard it and market did not respond postively to that. how solid is the economy from where you look at it? >> well, certainly recently it has been very solid. remember we've had more than 4% real gdp growth for the last two quarters and that will slow down a bit but we're not going back to the under 2% kind of numbers we were stuck with year after

year. so that's good news. and the stock market has been falling recently i think because so much company earnings are earned abroad, earned in euros and when they get translated back into dollars, they come back at a lower value until dollars. but, in terms of what is actually being produced in the u.s., i think it looks pretty good. david: now to the extent that the federal reserve takes any clues or hints from the stock market as to how to behave they then taking your strong dollar thing a little further, they are less likely to raise rates because if they raise rates while the whole world is bringing rates down, that means an even stronger dollar which means even more pape for profits at the corporate level. >> they know that and so there is no surprise in that. i think the fed is not focusing on what's happening in the stock market.

david: let me just stop you right there. let me just stop you right there, marty. a lot of people would disagree with you. we've had a lost indications, they negative come out said so in so many words but a lot of indications they are concerned about what is happening even some members of the fed like richard fisher. >> well, i would say that they don't want to do something that is going to spook the markets. but i think they understand they are raising rates. they understand that the strategy of the ecb is to drive euro down by keeping rates extremely low. and, europe need it. europe is in terrible shape. so, and for the u.s., our actual exports are only 13% of gdp. so we don't have to worry so much about that. obviously some companies get hard hit. then as i said a moment ago, there is also the translation effects of bringing euros back

into dollars affecting the stock market. but they're not going to resist moving toward normalizing interest rates simply because of the impact on the exchange rate and the, the translation gains of u.s. overseas profits. liz: but, marty, what would affect the way the fed moves? i'm going to bring up the word inflation, disinflation, which is a slowing down of inflation or maybe even deflation. is that now, first and foremost in front of janet yellen's mind as she looks to make decisions on tightening rates? >> i think they're being very wise about the inflation call. i mean they recognize that inflation is slowing. first of the increase in the dollar. even more after decline in energy prices. they say this is temporary

effect and shift in level of prices. it is not an ongoing thing that is going to continue to affect us in 2016. so i think they have made it clear, that they are prepared to raise rates even when inflation rate as they measure it is under 2% because they think they will get back to 2% inflation, if not end of this year, then sometime? 2016. so it is not holding them back. david: marty, what gave the federal reserve the right to declare a 2% inflation rate? 2% sounds pretty low but as saver and consumer over a 10-year period of 20% of my savings is gone at 2% inflation. why is the fed so fixated on getting the inflation rate up? >> well i do find it a little surprising, when the inflation target was set was to

stop us from going to kind of high inflation rates we had in the past. now they want to make sure we don't slip into deflation, if we actually started to see prices falling, that would increase the value of mortgages. it would make debt seem larger in real terms. so they would have a hard time knowing how to offset that. they don't want inflation much i think they're too fixated on the 2% number but it sort of caught on all around the world. the bank of england talks about 2%. the ecb talks about 2%. there is nothing magic about it. if anything it overstates the true rate of inflation because the improvement of products, introduction of new products just don't get adequately

captured. so i don't worry 2% inflation eroding purchasing power that much. >> marty, great to see you. thank you so much. good luck digging out the car and everything else up there in cambridge. thanks so much. >> good being with you. liz: marty feldstein at harvard. with the super bowl four days away, bets are rolling in on who will be this year's big winner. we'll talk with a guy who is considered one of the top oddsmakers in the past 20 years. david: you want to get your pen and paper for that one. apple on top of the list of corporate cash holdings. they have $180 billion cash on hand. are big hoarding companies like apple hurting the economic recovery? what about the banks? they have trillions of dollars on reserve. why isn't being deployed? our panel weighs in. ♪

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david: news today that apple's cash pile has grown to almost $180 billion. it drives home the point that the world is awash in cash just sitting idle doing nobody any good. is that a problem? let's bring in our panel. fox business's tracy byrnes, todd horowitz, average joe options.com founder and veronica daguerre, "wall street journal"

columnist. veronica, i want to start with you, apple put it into focus with all the cash companies have, but central banks around the world churning out, printing up is just sitting there. when capital is not employed people are not employed because you don't have new companies and invest. >> that's right. people are not employed. you're not getting high-quality, full-time jobs. you're not getting wage growth because companies are not hiring those types of good jobs of the companies itself, they're not making money on their investments. if they're sitting on cash, shareholders are also unhappy, hey, you're sitting on piles of cash but it is not doing anything for us so do something with it. david: todd the news was today, good for apple, they have this big cash hoard but maybe that is bad news? >> hi, david. when you manipulate currencies, ben bernanke started this with the qe program to push the dollar down. we've seen this throughout every economy. everybody is racing to the bottom to try to increase their own gdp what that does in

effect, artificially jumped up interest rates while pumping up the dollar. apple, why convert the money back to u.s. keep it where it is at, hold on to it, where velocity of money is very important to an economy which we've not seen for quite a while. until that picks up it will not create jobs. david: tracy, be careful what you wish for. the more velocity of money, the more cash gets out there and more inflation, right? >> the more the government taxing it and taking it and other things as well. apple can do what it wants with its cash and should sit on it and put it under its empty address because god knows what will happen. until we change tax laws and onerous regulations you will not see the money come back into the economy. they will hold on a tight fist and i don't blame them. david:s tracy, you don't no what you did, give me a good segue. australians, yes the australians

could be showing the world to a way to break through the red tape of regulations of the prime minister there, is shaking things up. he declared overregulation australia, public enemy number one. could we do the same here? >> no. and i think it is because it is so warm and fun and there is koala bears and they think differently down there. that will never happen here at home. let's be real about this we're so overregulated we wouldn't know how to untwine yourselves at this point. australia is on the right path. if they get rid of red tape the economy will flourish. david: todd, i don't know, it ain't for nothing that australians and americans like each other so much because they're similar. we were heavily regulated in 1979. ronald reagan deregulated recommend truss did i. australia was heavily regulated before tony abbott came in. they're doing something to attack it right now. >> i think that is the only way to survive we have to unregulate. we have to get less government. we have to take things into our

own hand. that comes back to the voters. one thing about capitalism, capitalism only survives if you have the opportunity to fail. if the government is bailing you out all the time, government standing behind everything with regulations you can not bail out or can not fail. david: i agree. very ran can i will be -- veronica, i will believe more positive than trace is is. as bad as things are now, and strangling some regulations are for american businesses we can turn things around. >> it is possible. there is definitely the political will, and just will in general from the business community. they would like to see less regulation. they are not opposed to regulation and perhaps like less of it and more transparent regulation because they know the business environment they're operating in. >> david, they can't agree what to have for lunch. and you think they will come to some kind of bipartisan agreement. david: still a democracy. i think people are still in control. there are enough, there are enough shakers inside of congress now, so perhaps we'll get something. let's hope anyway.

we can, hope springs eternal. coming up next we get a better look at low oil prices on energy companies when they report later this week. turns out some of your biggest financial problems, also may be in your head. liz will tell you about that coming up. liz: okay, i want to hear that. millions of americans, are you one of them, looking for a place to wager on this weekend's big game? listen up. we're talking to the most famous las vegas sports better on who he thinks will walk away with the trophy. speaking of the super bowl, how do sporting good stores prepare for the big game? which sweatshirts do they buy? how do they get ready for the winner? we'll hear from the ceo of modell's straight ahead. ♪

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[ male announcer ] remember, medicare doesn't cover everything. the rest is up to you. so, call now, request your free guide, and explore the range of aarp medicare supplement plans to choose from based on your needs and budget. sixty-five may get all e attention, but now is a good time to start thinking about how you want things to be. [ male announcer ] go long™. david: just a couple days before we get earnings from the oil giants oil prices settling at their lowest level in nearly six years, some folks see oil dropping into the 30s. we're bringing back our panel, tracy byrnes, todd horowitz and veronica daguerre. todd, where do you see oil going from here? >> i think we've seen the worst of it. we could go a little bit lower but we've seen heavy pressure and heavy selling. jpmorgan and goldman say it will go into the 30s. i think they're looking to buy.

based on the formation, next year's oil is 25% higher than it is today. i think we're very close to bottom. david: todd, you just said something. you think they're looking to buy. are they faking that? are they talking their book? is that what you're suggesting they're doing? >> i think they're talking their book. david: okay. >> i think they'retoressing prices down. they have been short for a while. david: wow. >> i think they're looking for a spot to buy. david: tracy, what do you think? >> i think earnings will be definitely interesting. they will use this as opportunity to clean out the kitchen sink so don't expect anything but i think todd, he is on to something here. we're going to turn. it will not be this low forever. we've heard it from multitude of sources here on fox business of the so i think you expect oil to go up next year, at least this year as well, i think you expect earnings not to be pretty. david: but, veronica, are the investment housing talking down price so they are buying into at cheaper level? >> they could be. i don't think anyone knows the bottom at this point, i think what we'll see looking for is

earnings and pressure on earnings and looking forward we'll see what they're talking about in terms of cap-ex, what is the cap-ex spending going into year ahead. david: it's a wild market and a wild market all over the place. in the case of a nervous jitters, a market like this one can cost you a lot. is there a way to keep your emotions in check while making important investment moves. veronica, you wrote a nice piece in the journal about this. how do you do that? >> thank you. not letting your emotions guide your decisions. for example, if you're feeling nervous about a stock and sell the stocks right at this moment, take a moment, pause between your buy and sell decisions, maybe sleep on it a night or two. talk over with financial advisor, talk over with someone else. see what other research about the stock before you make quick, snap decisions. david: i'm smiling. todd, i don't know anybody in the cme that fits that description. you are in the pits every day. the people in the pits have a

chance to settle an think a little bit before they jump. >> as a trader you don't think about it. you trade the market but as an investor, as i said on your show many times, sit back, relax. if you're investing you're in for the long haul. we know the market goes up, 9% year-over-year for the history. look it over. take a deep breath as veronica said. don't be in a hurry. don't let your emotions control your next decision because typically human emotion is wrong. david: but it is, tracy one thing, ken fisher the great investment analyst that works a lot with forbes and everything, you told me once the biggest mistake investors make, hold on to the bad stocks hoping they come up and sell their good stocks at the first moment they come down of the it is exactly the opposite what you do but it is human nature. you want to hold on to what is going down because you think it will turn around when that is not the right thing to do. >> david, like holding on to a bad marriage. sometimes you have to let it go. let it go and move on.

okay. you know what it is like? like sending that text. you want to send a mean text to someone, then you take a step back, you know what, i shouldn't send that. todd is right. investor has to sleep at night. you have to have a gut check what i hold doesn't make me ill in the morning. david: holding on to a bad marriage. i will never forget that again. hold on -- okay. thank you again, tracy byrnes, todd horowitz, veronica daguerre, great stuff. liz? liz: david, quite a showdown between the seahawks russell wilson and the patriots tom brady during sunday's super bowl. which one should you place a bet on if you were to bet. next we're talking to one of las vegas's betting experts, the top guy for decade where you should put your money and how it is trending right now in vegas. while most super bowl host cities see a pretty big economic boost from the game, the mayor of this year's host city is saying they will bring in less in cash than they spent on it.

more on him and from him next. >> hi, everybody, i'm gerri willis. coming up on my show at the top of the hour, have the good times for low gas prices come to an end? we'll have latest forecast on prices. that is one of the big stories coming up on the will list in just a few minutes. urns and fewer choices in retirement. know that proper allocation could help increase returns so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go online today. they take us to worlds full of heroes and titans. for respawn, building the best teractive entertainment begins with the cloud. this is "titanfall,"

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liz: super bowl sunday just days away. one of the most bet on events of

year, obviously, right? this year alone the american gambling association prediction americans will spend $3.9 billion on super bowl xlix. what are some of the biggest bets and who should you be betting on the super bowl if you were because some of you don't? game sports network founder and "almost famous" mouse sports better, kenny white. right off the bet, so much money pouring in, what is the atmosphere like in vegas? >> it has been building up throughout the week from the conference championship games. this is the most competitive super bowl we've ever had in the pit history of the game. almost no point spread. you have to pick winner. go back to the 1973 to the miami dolphins and washington redskins was a 1 1/2 point favorite over the dolphins. every super bowl last five or six years have been competitive but none this competitive. it will break the mark from last

year 119 million. i think we'll hit 125 million here in the state of nevada. liz: which way it is trending? we're dying to get to know what people spending on and what they believe final outcome, point spread and all? >> everybody remembers what they did last. seattle was opening 3 of that point favorite and bet down to pick 'em and new england, favorite but very little killed on numbers. many people thank vegas will get killed. very little. a lot of seattle money come in on gameday. a lot of patriot money. i think the house will be very happy it that the money will be distributed equally. liz: your prediction is here on the screen. patriots 20, seahawks, 24, david matchup as. tom brady, versus russell

wilson, how is that looking for the quarterback bash up? >> another evenly matched, brady will more passing yards, 30 to 40 more passing yards than russell wilson but russell wilson will have 30 to 40 more rushing yards than tom brady did i will. you pick your poison how you think this game will go and how it will pan out. i favor russell wilson in the game. we have two great quarterbacks and two great coaches. russell wilson is the youngest quarterback to play in the super bowl. liz: this may be a dumb question, does "deflate-gate" play into sports betting? psychological effect of every reporter ssking patriots about it? and request whether something really went under and there might be some cheating? >> that is big question in las vegas whether that would affect the patriots or not in this game. i think it they're too stable of an organization to let them bother them. they played half a game with

deflated footballs and in the second half with regulation balls they won by 28. i don't think it does. the people betting on patriots is because of a big win over the colts. people always remember the last thing they saw. they saw the patriots just demolishing indianapolis. liz: let me get to one more matchup, blount versus marshawn lynch. what is vegas saying about that potential? >> i'm just here because i don't want to get fined. that is only reason i'm here today. liz: of course. >> this will be a great one. one thing the patriots have to do, they have a take a page out of green bay packers playbook last week where they developed running game first and developed the passing game. i think leg garrett blount is the perfect running back for new england because he is a big back. if there is type of back that seattle does have problems with is a bigger back. that being said i know one thing, seattle will key on him

this game. they will try to take him out of the game early. i think they try to take gronkowski out of the game early. it will be a great match up. two great coaches. liz: kenny is betting seattle will win. thank you, kenny. thank you very much. he won't get any sleep next couple days. >> my pleasure. david: 24-20. remember that number. speaking of the super bowl, mayor of host city glendale, arizona, said that city will actually lose money by hosting the event. earlier today, melissa francis asked him is it better not to host it? >> the furthest thing from the truth is that we don't want the super bowl. i would love to have the super bowl every year if we do get it. what i'm looking for to have the state step up and be a partner with the city along with the nfl and any other megaevent that wants to come to arizona or glendale, the state benefits more than anyone. all of the cities in arizona benefit through state-shared revenues.

so my city shouldn't brunt the burden of, when everybody benefits from the event. >> do you get nervous when you're watching? >> we have a lot at stake. we printed all the super bowl merchandise with new england on it. our customers expect to us have the merchandise immediately after the game. so we have a lot at stake. we're rooting for new england. >> which fan gets angrier run out of items, patriot fan or seahawk fans? >> patriots. tom brady wore the pom pom sock. never told us. you never have a lot of goods. liz: better bet on right team. catch all of today's interviews on foxbusiness.com. david: talk about oil. we asked you if you think oil is finding a bottom or is there more pain to come? spencer says, it has to be close. big oil has to adjust supply to increase demand. liz: wayne says it's a gas war after american shale oil wells get capped the saudis will then cud production. david: mmw says i hope more pain

is to come. how are awe the energy firms in business 20 years or so when oil was like 20 bucks? time for number one thing to watch tomorrow, we bring back todd horowitz to talk about oil, right? >> absolutely. hi, liz. you look at oil, the thing to watch, oil in combination with the treasurys, the worldwide yield curve is flattening. rates are coming down, bringing oil down with the dollar going higher. those you want to watch. that will be key indicators within the commodity space that will actually signal that things are going to get better. right now as long as they continue to keep dollar strong and commodities cheap it will still cause a lot of problems with the overall economy. liz: we have 30 seconds, todd. the fed tore, the fed today we know reaction is negative to that as the market sold off. do we see a bit of a bounce tomorrow? >> we're range-bound between, 17,000, 18,000, i think we're be somewhere in that range.

until we break we'll be range-bound but everybody is really confused. david: todd, thank you very much. facebook before you go is down, ended day at 76.24. of it is now 74. liz: "the willis report" is next. >> hello, everybody, i'm gerri willis and this is the "willis report." the show where consumers are our business. it's official, gas prices are about as low as they will go. >> still sitting at $2.03 a gallon. didn't move a fraction of a penny overnight. gerri: now that they have finally stopped falling, when will the price at the pump start going up again? america is hooked on amazon.com. a new report shows how much we're spending and are we really getting a better deal? big step back for president obama is great news for the middle white house forced to flip-flop on taxing college savings plans. >> the president's prescriptions for income inequality have actually made things worse. gerri: will theh