market drama. why earnings season is keeping traders on their toes. in today's cover story....a check up on obama care as we hit the halfway mark of the enrollment process. plus...how to fix your credit, and increase your odds of getting hired. and...3 ways to save money for retirement even if you are close to the age of 65. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's wednesday, january 15th. i'm angela miles.

in today's first look: stock market u turn...stocks raced high tuesday after skidding monday. in yesterday's session, the dow tacked on 116 points. the nasdaq shot up 70 and the s&p by 20.-making it the best day of the year. among commodities--gold lost $7 and oil added 78 cents.gm will pay its first dividend in almost 6 years with a payout of 30 cents per share 3-d printing company exone-- has bad vision.shares tanked $10 after the close as the tech company lowered its revenue guidance on delays in completing sales of its 3-d printers.and, american amerilines is changing the name of it's american eagle regional jet service to "envoy". bank of america becomes the latest us bank to report in with earnings. joining us now is larry shover of sfg alternatives. good morning larry. >>good morning. >>what are you anticipating from the financials? >>i'm just hoping that we continue to see loan growth. like we've seen yesterday.

that's one of the most important factors for bank earnings. this earnings season is so stressed out it's been so full of drama. we need to see better loan growth like we saw yesterday. >>the stock market is putting investors on a wild ride this week. what's happening larry? >>well right now it's just nothing but digestion and consolidation. it's giving us all ingestion i have to say that. keep in mind the stock market was up 30% last year, 12 ½% in the 4th quarter of last year. it's a healthy thing for us from right now until christmas just to consolidate and wait for the next catalyst drive us forward. >>there also seems to be a push pull in the oil market. >>yeah there is. especially with natural gas. there's so many bears out there because the market is constructively oversupplied. however that deep weather that we had last week has people concerned. there's been a lot of draw down of stocks and believe it or not, theoretically and mathematically, the coldest week of the month is supposed to be next week so that could really hurt supplies and that's

keeping a bullish spike in natural gas. >>we will try to stay warm. thank you larry. >>you're welcome. a busy week continues on the hill. in a rare moment of bi- partisanship, democrats and republicans have introduced a one trillion dollar spending agreement.. a move to re- instate long-term jobless benefits remain uncertain --the senate failed to advance legislation yesterday. and, president obama will meet with senate democrats tonight to discuss priorities for 20-14. chuck coppola has more now on american's signing up for health care. the health and human services department released a snapshot of who's signing up for the health exchanges, half-way through the enrollment period.and so far, the turnout among americans 18-to-34-years- old has been described as "slow."our cover story looks why that's happening among america's least insured age group when it comes to health care. the affordable care act is

counting on young and healthy adults to sign up and help offset the cost of claims filed by older americans generally more suceptible to illness. the obama administration set a goal of between 38-to-40% of all enrollees in that younger age group. so far, about 24% has signed up. young invincibles, an organization formed to represent young people in the health care debate explains why. "the biggest barrier is cost. young people just don't make much money. // young people have low health care literacy. we find ourselves explaining terms to them and learning about it just takes time." smith predicts younger enrollees will sign up close to the march 31st deadline. ---not a concern to investors of humana or cigna, according to one analyst. "there's still some uncertainty but they should be able to work through this." younger participants aren't the only ones lagging. payments for coverage effective january first have trickled in so slowly that humana and blue cross have pushed back their deadlines for

payment--in humana's case, to january 31st.but it may take a financial penalty to effectively encourage younger enrollees. "it's going to take a penalty that begins at $90-$100--within that range." "it will rachet up to as much as $700 within a couple of years for people to react when there's some bite to that fine." so far, more than two-point-two million people have signed up for health care.that is behind the benchmark of more than three million, that the obama administration set before website problems throughout october, interrupted health care reform's rollout. democratic lawmakers are calling for a congressional inquiry into target's massive hacking problem. the security breach will be investigated by the financial services committee of

the u-s house of representatives. this follows a similar request made late last week by senate democrats.jp morgan chase has responded to the hacking disclosures by replacing 2 million bank cards. the fbi is investigating possible trader manipulation involving mortgage giants fannie mae and freddie mac. reuters reports the agency suspects traders of "front running" fannie and freddie.traders are accused of using hand signals and ring tones to rig rates in the mortgage market. jp morgan chase admits paying penalties for bad behavior-- pinched profits. the bank reported a 7% slump in earnings.and has spent nearly $20 billion in settlements this year. however, jpm still managed to exceed revenue exceptations for the quarter.wells fargo's 4th quarter earnings increased 10%. the results included signs a drop in mortgage refi's could hurt. still, wells came in with a record $21.9 billion dollars, outsizing jp morgan's $17.9 billlion. making wells fargo the most profitable bank in 2013 even though its much

smaller than chase. japan airlines reports a maintenance crew discovered smoke coming from the main battery on one its boeing 7-8-7 dreamliners yesterday, two hours before the plane was due to fly from tokyo to bangkok. the jet was temprorily grounded. boeing says it may have involved the venting of a single battery cell giving off fumes. it has been about a year since airlines began having issues with the dreamliner's lithium- ion battery. tesla is recalling car chargers.the electric car maker says it's cars are safe for the road. but is recalling 29,000 of its 2013 model "s" charging adapters because the adaptor, cord or wall outlet could overheat causing fires.shares fell on the news- -but the stock made a sharp turn around, rallying $21 dollars on word tesla delivered 69 hundred model "s" sedans in the 4th quarter.. 20% above the forecast. new jersey governor chris christie tries to get back in good graces with voters. christie took time out of his state of the state address to

apologize after a recent scandal rocked his administration. " the last week has certainly tested this administration. mistakes were clearly made. and as a result, we let down the people we're entrusted to serve." controversy began after documents surfaced tying the governor's staff to a scheme that closed traffic lanes on the george washington bridge-- allegedly out of spite. christie declines knowledge of the matter and said he fired the staff member responsible. the governor faces new questions regarding a federal audit of the 25 million dollar superstorm sandy fund.a spokesman for christie says the audit is "routine." no prison time for "beanie babies" founder ty warner. a federal judge slapped warner with two years probation, and 500-hours of community service, after the business man failed to pay taxes on money hidden in an offshore account. warner pled guilty to the charge in

october. he will pay 53 million dollars in civil penalties and 16 million in back taxes. the judge received numerous letters in support of warner, citing years of charitable giving. the latest read on holiday shoppers may have been behind yesterday's buying spree on wall street. consumers lifted the sales number to point two percent in december.however, numbers were revised down for november. growth originally stated to be point 7 percent turned out to be closer to point 4 percent.big ticket items such as electronics and appliances weighed the numbers down -- falling 2.5%. charter communications makes its third offer for time warner cable.the nation's fourth largest cable provider offered $61 billion for the industry's second largest provider. time warner's board quickly rejected this offer as a non-starter, saying that at $132.50 a share it undervalues the company. continued scrutiny over how the banking industry treats interns and junior employees could be

changing. according to cnn money-- credit suisse has issued a memo to staffers that says none of them should be in the office between 6 p-m on friday and 10 a-m on sunday unless they are working on an active deal.working conditions described as grueling came up during the death investigation last year of a bank of america intern. for those on the other side of the spectrum who are closing in on retirement.it's never too late to start a savings plan. a recent study by fidelity shows 55% americans are not prepared to cover food, shelter and healthcare expenses when they reach retirement. instead of worrying whether that will happen to you fidelity recommends gauging where your are and these 3 tips. you can work longer, you can delay social security and you can work part-time in retirement. those are 3 big strategies which will improve your success in retirement." and for young people - time is on your side. start now setting aside 10 to 15% of your paycheck. you will thank us later.

still to come: how to keep your credit report squeaky clean so it doesn't stop you from getting hired. plus... "does" detroit's auto show still have the clout it had back in the day? and... what the first female head of general motors has in store for the car company. first business continues after this! i'm going to pass chemistry, and i'll take it from there. i'm going to do what makes me happy. i'm going to work hard. be independent. live large. make the most of every opportunity. i knew i wanted to go to college. but figuring out how to pay for it?

i didn't have a clue. the u.s. department of education has over $100 billion. and that's a lot of money. to help students pay for college. and the free application? you mean the fafsa. i did it online. it was easy. i'm never giving up on my goals. i will make a difference. i'm going to find out how to pay for college. i'm going to college.gov.

today-- general motors gives investors a glimpse of what to expect this year from the car company.joining us right now from the floor of the detroit auto show is jim bell head of consumer affairs at gm. good morning jim. care to give us a little preview on that gm forecast? >>i know that it's gonna be good. this auto show has been fantastic for us. i was there

on the floor yesterday morning when the north american car and truck of the year awards were announced. we had 3 vehicles in the top 6. three on each side of the fence. so our odds were good but we never in a million thought that the chevy bowtie was going to be the clean sweep. of course the silverado won truck of the year against some great competition from acura and jeep. the stingray over my shoulder there was the big winner over on the car side, even knocking away the motor trend car of the year winner, cadillac cts from gm. so it was a fantastic start to the day and the auto show just got even better for gm. >>that is a terrific start for the auto show but nonetheless market share at gm seems to have stalled out a bit. is that because consumers are still feeling as though you have lackluster products to offer? >>i don't think so. i think it's that we've had some key volume products that have been going through transition. the new silverado really hit its full steam in the marketplace as far as distribution mid year

last year. you've got a new chevrolet cruise coming out later this year. so we've got those big volume vehicles that maybe have just been a little out of step with the full year. if anything, the awards we've been gathering, the response from the automotive press and those that are buying the new vehclesif anything, product is something that we've got a really firm grip on right now. >>is that helping the image of gm? >>yeah. it takes time though. image and branding is something that can't be fixed with a marketing campaign or 1 or 2 new vehicles. it takes maybe 1 or 2 generations of vehicles to do that. but they have to be consistently good. i mean, you think of the brand audia decade ago they were a marginal luxury player. today they are one of the strongest because they have been solid with their products. so it does take time. but the great thing about mary barra being appointed ceo and some of the other changes is we've got car people running this company now who really understand the talent and the energy and the enthusiasm of the people that work here. i only see this as furthering the momentum that's been picked up and accelerated here at this year's show. >>mary barra is the first female ceo of your company. she starts on monday. what else can we expect from her? >>i think primarily you're going to have a sensitivity to people. she's got a very diverse background with general motors. i think that what we're learning from her when she was running the products side of the business is that she's very inclusive. she's tough. she

doesn't suffer fools. she wants the right thing done but she also knows that it takes a group. you can't do it alone especially in a huge business like this. that's why i mentioned that she's very sensitive to and wants to really amplify the talent that's still here. general motors is a unique place. you've got people that survived the battle days if you will who don't want to see that again so their energy is very focused. then you've got people like myself that are kind of new to the business and new ideas are being allowed to grow and being accepted or even asked for. from my understanding, that's not how gm of the old was. so it's a much different place than it was even a decade ago. >>sales came in at 9.71 million cars and trucks sold worldwide. that is a 4% increase from last year. will gm be able to reign this year over toyota? >>that's a great question. toyota's had a great show here. they showed a really cool concept car/sportscar called the ft1. the game is on for sure. i think the fact that we've got the silverado pickup truck, we also have the gmc canyon truck to go up against vehicles like the toyota tacoma that really hasn't had any competition for a better part of this decade. i think real big volume vehicles coming out not only in north america but also around the world. our growth in china doesn't seem to be on any downward curve yet. it's gonna be a tough battle and one we're excited to take on. >>thank you jim bell of gm. g-m isn't the only automaker "showing off" in detroit this week. luxury brands continue to top the "trend watch." buzz is big surrounding cadillac's 20-15 a-t-s, as the lower cost luxury model attracts consumers. the head of daimler is expecting

sales of luxury cars to pop 5% this year. jack nerad of kelley blue book says when it comes to car shows -- detroit stands out. "the detroit auto show has more influence than it has had in several years. we've seen other international auto shows..the tokyo show is a perfect example...kind of decline in importance, we're seeing thousands of foreign visitors here in detroit. i think it has all the strength that it's had in many, many years. " toyota is also aiming to stand out this year. it's new "f-t one " concept car is already grabbing headlines, as the automaker aims to reshape its reputation with the shiny new sports car. thanks chuck... coming up.... "why ford's hot new pickup is turning heads in the options market.and,bill moller explains why bad credit can blow your chances at getting hired...we'll be right back!

♪ ♪ ♪ ♪ ♪

these days it's harder to get credit for a loan and ever so much more important to have good credit. but - not just to qualify for loans & to get the best rates - good credit is also a must if you want to get hired for a new job. this is important because, with 3 people applying for every open position, you can't afford to have any serious dings on your credit report. paul oster is a credit specialist and owns the credit repair company, better qualified. you need at least, what, for a credit score these days? >>right now you need a 700 or above. most often it's industry specific. so certainly someone applying in the financial industries, finance, banks, insuranceyou're gonna need to have an even higher credit score. over half of the hr departments and corporations in

the country right now are using credit scores and 700 seems to be the magic number. >>why is this so important when you apply for a job? is it that it says something about the applicant if you don't have good credit? >>there's a positive and inverse correlation depending upon how you want to look at it between credit scores and employment. what the numbers show across the boards is someone with a lower credit scoreis more likely to commit a crime against the company, to have more sick days, to be less productive. so it's just like with auto insurance, i'm the first guy to argue why they're using credit scores to predict your insurance premiums for homeowners insurance and auto policies but once the actuaries and the bean counters and these statisticians got involved and they showed the positive correlation between credit scores and employment, it was only a matter of time before they were going to use that as a metric tool. >>what are the things we need to work on first when repairing our own credit?

>>the most important thing is to not assume that you have good credit. unfortunately we live in a world where you have to monitor your credit. so get a copy of your credit report. the easiest way is to go to annual credit report dot com. look at that report and make sure everything on there is yours because identity theft is the fastest growing crime. so there might be things on there that aren't yours or the bureaus have made a mistake with your information. >>paul oster thanks so much. >>thanks for having me on. thanks bill... still to come -- two car stocks that are keeping traders on their toes.plus the options prescription for a drug stock that seems to want to head higher.chart talk is next.

we have much to get to this morning with joe kinahan of td ameritrade. good morning. let's

start with merck, a stock that rallied on one of the worst trading days of the year so far. >>it was very interesting to watch this stock on monday angie because the rest of the market was getting hammered and merck held in there as did many of the drug stocks. yesterday we saw the market being incredibly strong. merck a little bit weaker but overall over the last 2 days merck has looked good. for your viewers who trade options, the 52 ½ call in january only a few days left. we've had some buyers there. what that tells the folks who aren't as familiar with options is that there are some people here who would like to see us above the 53 level or so in order to at least break even on the trade. >>i also want to ask you about ford because we're talking so much about the auto show this week. will it be a market mover? >>ford has been a bit of a creeper yesterday. looking at the options market, some people are playing this up for even february 17 level. this is a stock that off the auto show that exciting news with the f150 truck that came out on monday afternoon. with that there are some people who are looking to continue with some

momentum higher. >>and finally tesla also had some negative news and then turned around. that seemed like a great trade if you were on the right side. >>tesla is one of those that if you didn't like the price, wait a few minutes and you'd get your price on the day. this is a fun stock to trade and watch although i would say for those who aren't used to some intra day volatility, it's one you may want to look at occasionally because otherwise you're gonna drive yourself crazy. if you're a trader it's a wonderful stock. >>thank you joe kinahan. have a great trading day. >>you too angie. thank you. that's the end of the show for today...coming up tomorrow-- breaking bad.the author of the "power of habit" will be here with tips on how to live your best life.plus, it's a movies and money day.our critic will tell us whether golden globe winners can count on an oscar nod.from all of us at first business...thank you for watching. we wish you a wonderful wednesday!

>> announcer: the following is a paid presentation for dermawand, brought to you by international commercial television. [♪.. >> hi, i'm lisa varga. i'm 40 years old, i've never had cosmetic surgery and i'm not afraid of high definition cameras. bring them in closer, guys. closer. good. now, do you want your skin to look as youthful, fresh and line-free as it can? well, get ready, because i'm going to share with you right now something every woman should be doing and the one thing i do every single day. what is it? well, 3-1/2 years ago, i first begaus