dennis: great work, liz macdonald.in a norwegian bay froze solid after chilling wind swept across the region. temperatures surprisingly only 18 degrees fahrenheit, that is nothing in the northeast when the incident took place. the expert said they were probably fishing away -- swimming away from predator and likely grouped closely. temperatures are heading our way next week. get ready. cheryl: expensive setback for marisa mayer. she canned one of her first hires at yahoo! is this telling for bigger struggles for the economy? dennis: unlikely pair, bitcoin, and basketball? the sacramento kings are warming up to the digital currency. details coming up next hour on fox biz. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was pr

your tweets and liz macdonald's investigation coming right up.th me" segment. how about this resolution? drinking low-calorie wine. believe it or not there are some out there. we have a guest with recommendations. of course ash and i will drink to that. ashley: i already am. a way to keep track of killer sharks before they hit the australian beaches via twitter? unbelievable. that and more ahead on the killer hour of "markets now." time to look at the stocks. let's go straight to nicole petallides on floor of the new york stock exchange. nicole, market gained some of losses but we've lost some steam, haven't we? >> we started off the year in negative territory. our first trading day yesterday, down 135 points. we haven't seen that since the year 2008. even worse would be two straight days of selling and haven't seen that since 2005. if you're a bear you're loving it. if you're a bull you're slightly disappointed but you had a great 2013. that being said the dow jones industrials up 12 points and nasdaq and s&p are pulling back. the dow as i note

liz macdonald says that she feels upset. so you don't like this. is it a double standard? >> yes.happened with george washington bridge was awful. people not getting the care they needed, missing children, people searching for those children. it was awful. but what i'm saying is that everyone in office works for the taxpayer in this and this is not about what is good for the party, via democrats or republicans. but it's about what is good for the taxpayer. and that is to get to the bottom of benghazi, it's not a political thing. do not let things like what happened with george washington bridge happen ever again. both with benghazi and the george washington bridge. >> if you want to get to the bottom, get to the bottom of it. going after reporters and the like. they getting to the bottom of these things andnot just picking and choosing what you want to get to the bottom of it or not i agree. we should always get to the bottom of these things. we are going to compare these two, i do think it's worth pointing out that the bridge fiasco is pure and simple a political punching bag iss

liz macdonald. on whether or not we're going to get a debt ceiling deal or not. the fact that we're debating it and there's a deadline, is that part of the negative back drop for stocks? >> yeah, it's part of the negative back drop. when there's a debt ceiling fight. it's in the middle of the olympics, we'll have a wrestling match in d.c., a referendum on the size of the u.s. government. again, the size of the interest costs on the debt and now it's approximating the entire country of belgium. that's an issue that's again looming its head in february earlier than expected. stuart: i think it's a negative. look, we're 92 points down on the dow industrials and we've been in business precisely two minutes. down close to triple digits, 16-1 is where we are. look at microsoft. you don't see this thing moving like this every day, please remember, i own a piece of microsoft. nicole, look at that. isn't that great? >> it's great, stuart varney, up 3 1/2% today at 37.29. they came out with their numbers and

stuart: hold on a second, here is liz macdonald. entral bank for bitcoin, but it is driven by whether or not merchants will accept it as a medium of exchange. even at overstock says we are worried about it being able to hedge the volatile currency. maybe that was back like gold, but this is really slippery. it is above 1000. stuart: it would worry me that they would probably go after. that would worry me. >> they have already gone after it, the people who are distrusting and the central banks are trusting anonymous program trading something out of thin air, the irony is extreme to me. stuart: i would not put my money into it. the big story of the day, it is the weather. the deep freeze bringing a historic low temperatures. minus 46 with the wind chill in minneapolis. that is not projected, that is now in minneapolis. here's a question, will this deep freeze affect the economy? >> i think there will be the obvious impact. impact a natural gas prices, that kind of thing but their other fundamentals worry about. we have wall street in l

liz macdonald is going to investigate., maybe better investments. we will be right back. ♪ [ cellphones beeping ] ♪ [ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors. good, good. good over $700 billion dollars in assets under care. let me just put this away. [ male announcer ] how did edward jones get so big? could you teach kidsds that trick? [ male announcer ] by not acting that way. ok, st quarter... [ malennouncer ] it's how edward jones makes sense of investing. ♪ [run your ente business with all-new intuitit.kbooks. get paid howeverou want with it. get real work done wherever with it. make all your numbers play nicely with it. say "buh-bye" to theld way with it. run yroll with your finger with it. scan receipts with it. sync this stuff with that stuff and that stuff, with it. maintain your sanity with it. this is yourusiness on the all-new quickbooks. run with it. ashley: nfl playing defense, a move to end the league's nonprofit status and tax billions of dollars in yearly revenue. we will

liz macdonald said this is getting nasty and ugly and it is a deflection away from washington's promisesrguments are raising the minimum wage, a lot of people get it and it's a great argument. and the senator has been for months now attacking the walton family and putting this is an inequality issue at the time that media outlets including fox business, that we do provide retiree benefits and we do provide great an effect in terms of free health care, ffee vaccinations. and it's kind of a diversion away from the bad washington dc policies tha are creating income inequality. niel: this health care laws getting prohibitively more expensive. there is a far better health insurance policy for its workers. >> i think wal-mart is a much better employer than it was 10 years ago. it provides a lot of health benefits and wages are going up and i don't know if putting this on the dbate is the rit thing or the wrong thing to do at that we should be raising the minimum wage and that was something we used to do routinely in this country from 1961 through 1981. we raised the minimum wage 14 times in 30

liz macdonald says folks should have let down their guard. just open your wallet and call it a day. and which are not here to tax. >> salutes the middle classes when they get taxed. >> this is by getting the small businesses out to basically fixed income inequality for you. it's the. neil: the one thing that confused me about the mayors push. and of course he was saying i'm glad you're on my same page here. but to what end? >> welcome i guess there is a difference. whatever the process was. neil: you are a gentleman and i am not. this is justifying a high tax to justify because that is really what you like. they are known as tax cheats. by the way, is that they can adhere to velocity are not technically cheating. enough people will stay and pay their taxes and the same thing happens in california. most people stay and pay their taxes. >> i'm not sure the small business guy think he's a tax cheat just because he's trying to organize his tax bills around a very onerous system here in york. the. neil: it's human nature. it if you can live anywhe

liz macdonald is here. chilly this morning, isn't it? >> chilly. think that the $5 billion seems a very, very small number in a 15 1/2 trillion dollar economy. >> yeah. liz: it's a blip. might have an impact on airline and restaurant stocks. they won't be travelling and eating out. but what happens, you pull in demand from future quarters and watch this, the new york fed says that hurricane sandy which caused massive deficit structure was a blip on the radar screen. they said it was statistical noise and maybe it will be white noise. stuart: that didn't stop the administration, president obama, last night blaming the weather on those lousy jobs numbers, that was an excuse liz: but there is seasonal impact of course we saw for the weather. we don't know how much. whether or not that holds up in the future in terms of scrutiny remains to be seen. stuart: i think we're in agreement on this one. >> i think we are. stuart: i don't think that cold snap as unpleasant as it is is going to hurt our economy that much. >> i agree. stuart: let's give the market

liz macdonald is here.i had a, knock it off, get rid of this bitcoin bit. >> that's exactly right. the central bank in china says you, financial institutions operating in our borders, cannot trade in bitcoin. so, alibaba is following on the heels of what china central bank is saying. they're worried about money laundering and this is a hit to bitcoin, the second largest economy, you cannot do any sales in bitcoin. stuart: it's a hit to bitcoin, not a hit to alibaba or yahoo! who owns a piece of yahoo!. charles: i think that alibaba is the biggest commerce company in the world. stuart: in the world. charles: it might be ranked up there for that to happen, bitcoin is going to trade in volatile territory. stuart: quick news alert. latest numbers for shopper track, not good for retailers. 14.6% during the and mortar holiday season. liz, that's either the surge in on-line shopping or it's weather or both. what is it? >> it's a surge in on-line shopping which overwhelmed ups in the weeks leading up to christmas.

we want to bring in liz macdonald. liz: this could be three hearings in washington d.c.he target attack and what we are hearing out of the fbi is there are at least 20 similar cyberattacks on retailers and the fbi telling fox business potential for more cybercrimes on retailers could continue to grow despite what enforcement and security firms, actions to mitigate it. here is what is going on. the same software that is easily breached is under discussion and could be in place that places like kroger, samsung and home depot. that is the talk among security circles and the same gained who could have attacked targets could be using the same techniques as was in that t dagen: nasdaq and 711 hit. you are seeing this conversation between retail hackers and what they are saying in the chat is that they do track tv coverage. they are saying they set up google triggers for things like data breach or credit-card and debit card fraud. they want to track when they are found. they better pay us, meaning retailers, to not hack them again. it is striking the cyberhackers are tracking o

ashley: up next liz macdonald's exclusive on seaworld's killer whale problems.we'll be right back. ♪ my dad has aor afib.brillation, he hashe most common kind... ...it's not caused by a hearvalve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarinvery day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing therisk of . and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa withoutalking to your doctor. stopping increases your risk of stroke. ask your doctor if you ed to st pradaxa before surgery or a dical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal eeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising.

scott brown, bob pavlick, very own liz macdonald and charles payne. and ask you question we're asking our viewers, janet yellen's fed will be blank. what will be? >> i would say highly competent. she was definitely a very highly qualified candidate. she had a very strong hand in the fed's policies. not just a caretaker fed. there are actively looking forward at what they might have to do down the line. so, i think we're in very good hands here. tracy: charles, what bothered you the most about this statement today? >> the fed keeps talking about fiscal policy. tracy: yeah, getting in the way. >> fiscal policies are restraining economic growth. came off the state of the union address where on one hand president obama wanted to take a victory lap and portrayed us as country falling apart and meanness success where one person takes away ability from one person to be successful. i agree with the fed that fiscal policy one main thing holding us back. we know all these guys are trained central bankers an economists in this vein. even they wish they didn't ha

that is last liz macdonald's appearance on 2:00 p.m.of us could be replaced by this, bugee the robot. tracy: lizzie won't carry her own coat. this actually is a good thing. constantly makes me carry her jacket for her. ashley: coat and purchases. >> do my laundry with it. it is better looking than me. ashley: no it is not. we're only kidding, lizzie. come on. tracy: has -- trying do convince a court to lower its music royalty costs. ahead in tech minute, whether the company's stock price depends on the ruling. ashley: return of the polar vortex. you're looking long island, new york with our nation's capitol. it is just as bad. just the threat of snow there enough to shut down the federal government before the snow even got there does that speak to the work ethic of our leaders? give us your answers. we'll be live in the fox weather center with latest chilly details straight ahead. ♪ [ male announcer ] wt kind of energy is so abundant, it can help provide the power for all th natural gas. ♪ more than ever before, america's electricity is

liz macdonald is working with top mind to find out what they think can be done. of our hand, liz. >> that is great question. good to be with you david and liz. money goes where it is treated best. when we see rates go up in treasurys the money some cog out of emerging markets. this is a trend we saw started in 2011 but it has picked up in speed and intensity. we're talking to the best mind on wall street. some of my sources on goldman sachs and places like blackrock. what you saw with the turkish lira is really telling. turkey went in to protect the currency with a rapid rate hike of 4.25 points. tell you look what the lira did. it basically turned positive and then went negative. same with the south african rand. it is five-year low despite a half-point rate hike in south africa to protect the currency there. here is the storyline. we're essentially seeing foreign exchange reserves doubling since 2008. the capital markets and local currencies and debt, is really broad and really liquid and extremely volatile. what wall street mind are telling me, yes, 2008 was ye

i say that is a conflict of interest and liz macdonald i am sure is going to agree. they are demanding as we speak that she be removed because she has been a political donor to the democratic party and this president. stuart: her name is barbara k. busaman and she gave 3,600 in 2008 and $2,500 in 2012. not a great deal of money but she is not a superrich hollywood celebrity. liz: she came through the civil rights field. putting a partisan donor leading a probe into partisan activity, alleged connected the smacks of severe conflict of interest so whether she has to step down remains to be seen. stuart: it kills the investigation. liz: that is an investigation that has been delayed, the findings for months. darrell issa and jim jordan are saying, get to the bottom of the tea party probes, tell us whether this was partisan, come to the conclusion but do not have this person leading the pro. stuart: i don't think they will ever get to the bottom of it because there is a possibility it would directly link the president of the united states using the irs against his politi

stuart: liz macdonald put it best. families are the most important startups. next. welcome back. how is everything? there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. gd news. i got a new title. and a rais management couldn't make that happen. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] introducing fedex one rate. somemes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >> the most important start up of all his family. by the way, stuff we have seen before. stuart: i love it. very good. the three latest were referring to the blogger, female blogger who beat up on women who marry and have children. what you think about all of this? kennedy says, as a woman, i see this statement in two ways.

liz macdonald has been looking at the downside and the bottom line. roach the one size fits all model works for all companies raising the minimum wage is good for all companies, the president is expected to cite the backing of costco, trader joe's and starbucks, the lists of the companies that are seeing raise the minimum wage but you may hear the comparison between costco and walmart, walmart should raise the minimum wage and so should costco. this is not an argument for or against walmart's business model the pointing out the fact that costco's cost structure is more different than walmart. you see here essentially costco workers get paid starting at $11.50 an hour. costco has a fraction of the storage walmart has, 648 u.s. stores, 3700 items and basically one eighth of the u.s. workers, and shoppers, wal-mart has eight times the number of workers than costco. dennis: worker pay started at $9 an hour and a minimum wage $7.25. cheryl: walmart says they do promote those people out of those ranks into higher positions, two thirds of minimum-wage workers

i'm going to turn to liz macdonald. >> joblessness, 12% jobless rate in the euro zone.work and 10% of the s&p 500 revenue comes from the euro zone, ge, mcdonald's, coca-cola. stuart: we've known for a long time that europe has been a mess, but suddenly? >> the eu was strengthening the past year or so, i'm just saying that these-- the multi-nationals have exclusion to the euro zone. stuart: you sound like my daughter, i'm just saying, dad. we're looking for the dow to drop maybe up to 200 points in the very early going. all right. the down side trend is established. we're down 40 after 30 seconds. look at it, down 53. i just want to hold this for a second and watch this thing go down because you know, now we're down 90. watch it, watch those losses pile up. while you're doing that, let me turn to a couple of individual stocks, i've got amazon on my mind, yes, it it made less money. it made money, but the point is, it made less than analysts were expecting. >> down 8.6%. 368.19. it was a crucial holiday period and we know amazon sells a ton, however, they're talking about

sandra smith and a liz macdonald to hash it out. turkey seems like it came out. is wondering what is next. interest rate hike 2%, didn't stop that. what is the country like turkey supposed to do, what countries may be next, if that is not enough to solve the problem and see their currency against the u.s. dollar what is? this is the major uncertainty. charles: speculation now that the government does and emergency package. liz: will u.s. markets catch the emerging market. these countries represent half of the world's, purchasing power, economic room. that is the issue. have the developed middle-class consumers to support their economies? no. it exports reliant, exporting to us or china which is weakening. that is an issue, something that is the headline continuing through the rest of the year. sandra: we were a around the fed announcement confused about the lack of any mention of the emerging market situation. that is janet yellen's play coming up. charles: the fed says they have to work that out on their own, a policy focused on america. liz: when you look at cu

here is liz macdonald with the bottom line. that mulally has been out of the running for quite some time. >> we've been saying he would stay put at ford for a couple months this is fast-moving story, we're hearing microsoft could name it by the beginning of february, that's what we hear, beginning of february. that could change though. as the talks drag on at microsoft, indicated to us they would name a ceo by the end of last year. ashley: right. >> you know, it becomes clear about who the names still on the list are. still nokia's steven elop, who ran company as ceo. cloud computing guy at microsoft, microsoft head of business development, tony bates, and unknown character. ashley: a wildcard. >> a wildcard that may come from outside the company, guys. tracy: you're saying beginning of february we're going to know this? >> possibly. that is always a moving target with the company. they told us at end of last year they would see a new ceo at microsoft. problem behind the scenes, steve ballmer still owns a big stake of microsoft

i have got liz macdonald with me and got keith fitz-gerald with us. keith, start with you, please. is that a buy? >> not for me and not yet. i think it ought to be 450, 425. they have a lot of cash and good profit margins. the headline should say not that apple screwed up but the analysts got it wrong again. stuart: pursue it with you, liz. what does apple have to do with report profit and down $47. >> they have to give the forecast to analysts and more negative and really undercut what they expect to do. i think keith is right, they missed by what, 3 million, four million iphones and getting walloped in after-market trading? their sales are going up overseas. might be slight north american contraction. but there are record sales of iphones that has been happening with this company. so they have been conservative. should they be more conservative with their guidance? stuart: i don't care. if i was an investor in apple, if i owned apple's stock i would be mad as the devil this morning when i see my stock plummet avenues like that. liz: the same thing happened january 2013. apple bas

tracy: liz macdonald, thank you very much. >> sure.of cool, isn't it, has tech become passe or? global consumer spending expected to drop 1%, compared with a 3% increase in 2013, according to the consumer electronics association. spending is slowing as users seek out cheaper gadgets. cea puts on the international consumer electronics show which begins by the way today in las vegas. a big trend expected this year is automaker collaboration with technology companies to basically connect cars with the web. they're already doing that but gm and audi will rollout plans to equip cars with built-in broadband access. of course fox business will have the complete ce september coverage with our very own liz claman tomorrow in vegas, 2:00 p.m. eastern. she will grill sony's ceo. always a cool event to cover with all the gadgets and where everything, what we'll have later on in the year or years to come. tracy: it is all going in your car. we spend way too much time in our cars. ashley: jersey to new york. tracy: there is that. ashley: coming up i

ashley: charles payne, liz macdonald, peter barnes in d.c., thanks for hanging with us.it? just warming up and we have to go. >>> oh to be a fly on the wall at this meeting. we'll tell you about the pope's visit with two-timing french president francois holland. tracy: oh, my god, that needs to be a miniseries. in "wine with me", there are auctions and great french wines. rare burgundy is is up for auction and you won't believe how much these bottles will be going for. ashley: more than i can afford. from wine to pot. eric holder wants to make it illegal for marijuana money to be held in banks. will the country go to pot. we'll have your tweets. ♪ if you've got copd like me... ...hey breathing's hard. know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. copd maintenance treatment spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor

cheryl: liz macdonald, thank you.n the local weed and come home scot-free. even legal marijuana can come back to bite you. if former prosecutor and practicing lawyer, thank you for being with us. even if pot is legal, can get in a heap of trouble. let's start with family court. >> nothing changes. it does not change morality. if you are able to show to a judge somehow you are irresponsible because somebody drinks or uses drugs in new yo k new york, maybe they went to colorado and bought this stuff, you can still show that in court. washington has these strict requirements when somebody is making a purchase i have a few of them making a purchase. that would be great stuff to use in a proceeding. i would not just restricted to family court. it is unfortunately some of the dirtiest litigation, you have investigators who have mounds of money issuing some of these cases and they will scour the earth and if somehow they think somebody went to colorado and could get those records or go to washington, whatever the next date i

here with their takes, peter barnes inside the beltway, liz macdonald on fox business headquarters onrt with stuart hoffman chief economist at pnc. let's begin with whose fault is this. do we believe this is just a blip or sign that economy is slowing down dramatically or heading in the wrong direction? >> i think this is just a blip. i wouldn't refer to this as a horrible jobs report. horrible is when you lose hundred of thousands of jobs. this is why you take one month's numbers in context with the one month prior. fourth quarter we created about 172,000 job as month. less in december. more in october, november. that is almost exactly what we did throughout all of last year. so december is disappointing. i see that as more of a blip. the drop in the unemployment rate which you coy would be good news, really wasn't as good as it looked either. even if the rate goes up a little bit to 6.8, 6.9, i still think it is headed down. to me this is a step back but we're still stepping forward. tracy: lizzie, how do you read this number today? >> the jobless rate ironically we see this month a

liz macdonald investigate whether they are breaking the law by using credit cards to buy the dubiousaight ahead in this smokin' hour of markets now. tracy: i like that. ashley: how many times will we do that? top of the hour. time for stocks. let's get straight to nicole petallides on the floor of the new york stock exchange as we do every 15 minutes. moving slightly lower. >> that is the trend. terned off traders on wall street that want to see clear market direction. we had back and forth action. the dow every single trading day from the 2nd of january through today is seeing back and forth action. the s&p 500 is trended lower over the last six sexes. majority of the sessions has been down. here is one-week chart. we're waiting on earnings as season kicking off with alcoa today. we've gotten in a lost job numbers. challenger talks about fewer layoffs. tomorrow the monthly numbers. so the jobs picture seems to be improving for the most part but tomorrow's numbers will really tell the real picture. back to you. ashley: all right, nicole, thank you. tracy: so governor christie getting

let's bring in elizabeth macdonald. liz: this goes with ricky news yesterday.show that they stole the sign on, the electric sign-on credentials to break into the target system. the news that we are hearing now is that 20 cases found similar cyber attacks. similar to the ones like target. we are hearing this. they believe the outcry will continue to grow. basically because they are seeing similar software that may have been installed at other retailers. there is a concern that the industry and companies like home depot could have had bad software installed that was easily breached. the names of the companies include home depot, kroger, safeway, and sam's club. dennis: target fingered a particular vendor. do we think that is the same guy also serving the other retailers? liz: they are now saying, they are talking amongst themselves that the author told gonzales gang, they were the gang that basically ripped off, let me give you the companies, jetblue, jcpenney, tj maxx, 7-eleven, dow jones. they are saying that the same signature technique used in the target atta

while they zero in on hackers we get bottom line with elizabeth macdonald. lizer? >> good to be with you, ashley and tracy. here is what the suggest is and something that has been talked about. instead of 1970s era magnetic sometimes on back of cards instead you have computer chip where the customer's personal information is up loaded from the computer chip on the card and when you shop at retail store you have to punch in the pin number to complete your transaction. here is the thing. that is talked about for some time. computer chips on cards for plastic have been in place for europe for some time. the question is would it add extra layer of security for customers. some analysts are saying no but law enforcement say it would be another barrier that hackers would have to surmount in order to make a breach into customers plastic. here is another thing happening too. we do know over the weekend neiman marcus is basically feeling with the fallout of a hack into its systems. late friday we were reporting how target basically nearly doubled the number of accounts th

with more on that is elizabeth macdonald. liz: they were restricting the dollar amount of cash withdrawals at its we talked to them over the weekend. they are apologizing now. not mandatory for customers to provide document. evidence for large cash withdrawals. we apologize to any customer who has been given incorrect indications. they had alleged internal controls. let's get to this other sell recommendation. this is how forensic agent lost their business. they are essentially saying that after $93 billion, a full 66 billion of that is the level three. they will need to raise up to $111 billion in coming years. last december, hsbc did quietly float the idea of raising money by selling off 30% of its uk unit. they are not responding to this report. we will stay on top of this story as it unfolds. adam: elizabeth mcdonald, thank you very much. lori: shares of sony up 4.5% right now. sony has promised a turnaround. they made in unsuccessful attempt to spin off part of it and intermittent business over the summer. adam: regulators a

elizabeth macdonald has the details in her bottom line today. lizuy who broke the news about the target hack, he is the go tw the go-to guy, go . saying no, it was not the 17-year-old russian behind the attack. people are saying this, a cyber security firm, everybody is quoting this firm whose intelligence in this case is wrong. here's the plot thickens, and i shouldn't be funny, but cue the music. what we are now hearing is this is how it probably unfolded at target. when you look at how this thing unfolded, it is scary. the secure alert, the thieves basically steal the info at the point of swipe. watch what happens next. cyber thieves go in and basically hijack a computer at target, a server at target, they took it over and they back it up. by using targets on server, own computer system. tracy: it took so long to figure this out. liz: four weeks. they upload that information from the server to a website, and now according to what we are hearing from law enforcement, watch what happens next. cyber thieves in russia download the data from the websi

macdonald is with us. you brought the story about the conflict of interest in the investigation. liz about what is best for the political parties but what is best for taxpayers. chris christie did go through a growing yesterday and deservedly so. what we are seeing here is media stepping down and dialing back. the coverage of a serious scandal breaking out at the irs and affect all of us. stuart: chris christie at scandal was about traffic and putting the people of new jersey through hell. liz: and in harm's way. ambulances needed care and the search for missing children. stuart: the irs scandal was about an administration that may have deliberately interfered with an election by manipulating government machinery. liz: wagon circling, political vendettas and enough story needs for the media to grasp t irs. stonewalling, the fbi probe results, the tea party tax info given to the sec, whether the white house got confidential taxpayer information as well. stuart: a virginia court may game changing decision ruling that yelp, a business review website, must hand over the identities of sev

macdonald is here with more on this. we watch a lot of football of late, liz, and never really heard about this. >> reporter: who knew thattax-exempt? this is the most powerful sports league in the country, and it does not pay federal or state income taxes because it is a tax-exempt nonprofit, and that's the status the nfl has had since 1942. but with the massive and growing $17 trillion deficit, republican senator tom coburn of oklahoma wants to end this tax break for the or nfl. the senator has been pushing new legislation to erase the tax-exempt status for the nfl and also for the national hockey league, the pga and the lpga and the u.s. tennis association. senator coburn says the nfl and the others ought to pay taxes just like for-profit corporations do and even major league baseball is a for-profit league that pays taxes. the senator also says his bill could bring in up to $109 million over ten years, and some policy experts also note that some nfl executives make more than executives at for-profit companies like walmart or coca-cola. but the nfl's lobbyists are out in force in d.c. to stop the bill. plus, league exe