adam shapiro. connell: big nominations today.could still be charged with our nation's security. we will soon find out what mike baker thinks about that. dagen: the two teams playing in tonight's games are in the top ten. are they at the very top of the list? stay with us to find out. connell: the price of corn. it does not get any higher here in the u.s. jeff: the most expensive corn in the world. these may be filled, but we are starting to import foreign war because our corn starts too much. >> i have your fox business brief. amazon shares are boosting. morgan stanley sites amazons international opportunities for the upgrade and price target. sewing on news it has entered into a definitive acquisition agreement. a deal worth $1.1 billion. energy capital plans to operate as a stand-alone business operation with the current management team remaining in place. global spending on electronic will rise this year. , and smart phones will account for 40% of all of that spending. that is the latest from the fox business network. giving y

adam shapiro. adam: the earnings per share beating what the street was expecting, $0.48, the street expecting $0.45. right in line with what the street is expecting 13.53 billion. liz: let me mention to you, david, intel at these numbers and the stock is moving above not by a huge amount, but about were the last trade was at. $22.89, we will be watching that as well. david: a lot of details to be figured out with these numbers. gross margins particularly interesting. we're going to have reaction from intel chief financial officer in just a moment to find out what is happening with the future of intel. plus, we are expecting momentarily richard fisher, he is the president of the dallas fed calling for a dramatic reorganization of the banking industry. could this mean it a good bank breakup? he will be here to talk more. dallas fed president, one of the most outspoken and forward thinking members of the federal reserve just coming out with a maverick's proposal, to medically reorganize the banking ind

adam: i am adam shapiro with the last hour of trading and the "countdown to the closing bell" begins right now. we will go live to the consumer electronics show in las vegas. top shelf business leaders throughout the next hour, you will hear from liz claman, speaking with the chairman and ceo as well as president of harman international, a first on fox business exclusive. also, samsung electronics, america president first on fox business, and a store in the music industry, 50 cent. and breaking news regarding boeing. they had problems yesterday, of course today's problem with the fuel leak, you can see these problems are taking a toll on shares of boeing, which are dropping, but also the news of united airlines. the same place affair took place in the japan airlines, the airline according to reuters found improperly installed wiring in electrical proponent associated with celery power unit that this is what the "wall street journal" is reporting, this is also coming from reute reuters, but the ntsb according to the "wall street journal" is reporting that the japan airlines boeing 78

adam shapiro with more on that. adam: maybe $920 million depending on what the bidders are willing to pay, but apollo global management and they set the floor on what they're willing to pay for hostess brands, wonder bread has already been sold. the ceo of hostess was just on fox business with dennis kneale and talk about the price targets they're trying to get with the investors. here's what he told us. >> i think where we are today if you take all the transactions now that we have generated over the past couple of months we are at $858 million of total floor price. >> that you raised, okay. >> probably have another 80 to 123 million of other things that we will have to sell that will add to that. from there it is a function of where the bids go. >> he pointed the finger at the bakers union, the biggest union pointed the finger back at management, previous management with 2 billion unfunded pensions and that is the reason for the bakers union so they went on strike. back to you. melissa: adam, thanks so much. all ri

i am adam shapiro. >> this has been a fox business special report.turn you to your regularly scheduled programming. . the ceo ofockheed martin just today forced out. it is a pattern and it is not limited to the military. it permeates the entire american culture because we have said that we can pretty much do what we want to. we spent a generation saying there is no such thing as morality, it is old-fashioned. lou: that would be your generation and mine. >> that is exactly right. no thought of divorce, live and let live, free drugs, free sex, what do expect? i think what we're doin we are e planted seeds when we we y done. i want to turn to, if i may. >> it isn't your show, you can do what you want to. lou: i feel compelled to talk about something other than politics because your lament about politics from the beginning. the grandfather's thoughts on things that matter most, we are at the very least could talk about the things that matter most as we talk. love the fact you are embracing your grandchildren. i have five of them myself, proud of them all

ashley: adam shapiro has all of the revenue numbers, what do you have? adam: it is a hit and they beat on the numbers coming in $0.06 earnings on revenue. coming in at $5.9 billion they do acknowledge the low aluminum prices but they're talking about being in a strong cash position. delivering overhead improvement, kind of crowing right now of havinhavingthe cash on hand. ashley: there we have it, matching estimates of $0.06, but beating the revenue $5.9 billion obviously have to dig into this more and more the guidance seems to be happy with having a lot of cash on hand, what is your thought? >> the market is wrong, including me. 65% of the business downstream depends on engineered product, etc., etc. saying this would not be good for alcoa. options markets with a 40-cent move, don't know what the stock is doing but it seems i am wrong and the market is wrong, it must be higher. sandra: global aluminum demand forecasting it to be up 7%, larry, in 2013. that is a big turnaround from the demand we have seen. it is a really good indication to the economy po

i am adam shapiro. there are developments literally within the last few minutes regarding the senate, potential vote on a deal that will hopefully avert the dire tax consequences and spending cuts, rich edson is live for us with everything starting with the vice president. what is the latest? rich: this from a republican aide. the whole thing is done. apparently democrats and republicans have signed off on this framework. the issues they had with the sequestered, automatic spending cuts have been resolved according to this aid. while vice president joe biden is in capitol hill to sell it to senate democrats, they have got to sign off on the framework of that deal. this is what we know, adam. it exempts income of $400,000 for individuals, $450,000 for families from a tax increase, capital gains and dividends stay the same local straits, amounts above that. permit the patches the alternative minimum tax. estate tax goes to 40% of amounts more than $5 million, one-year extension of employment benefits and

let's -- let's actually go to adam shapiro, we do have earnings from google. adam, what do you have? >> reporter: keep in mind it's hard to figure out whether they're beating street estimates, but earnings coming in $10.65 on revenue of 11.34 billion. so once again, earnings per share of $10.65 and revenue of 11.34 billion. the stock is trading up roughly 3.5% at this point, guys. back to you. david: a miss on the revenue side but a gain on earnings per share, and that perhaps is what's leading to this pop. larry, you've been looking at it very care friday at google. of course -- carefully at google. a lot of questions because they sold motorola cable, because motorola mobile isn't really into the mix. a lot of questions about how to figure out these numbers. >> it's very confusing. i think the street was expecting them to beat revenue and not beat on earnings per share, so it's been vice versa right now, but you're right. cpc is something everybody's worried about right now, cost per click. that has gone down given the new use of smartphones and tablet devices

first we start with adam shapiro in midtown manhattan and the latest from today's investor conference. adam: herbal life just spent two hours making the case why they are a legitimate company not a pyramid scheme as mr. ackman has accused them. in fact the ceo michael johnson actually said this is quote an unfortunate slander against our company, and they've hired several ad agencies to again a quote counter the incredible negativity that has been thrown at our company. they also threw up some hard evidence in their eyes that this is not a pyramid scheme. for instance spending 44 million dollars every year on research and development and also pointing out that roughly 83% of former distributors have a favorable view of herbal life and 63% of those former distributors would recommend herbal life to a friend or a family member in which to become a distributor. we spoke to an investor and an analyst who looks at herbal life and says this is a strong company and he's confident. >> they don't pay anything for recruiting. the evidence that they only pay commissions to their distributors for

shibani joshi, thank you to you as well as well as adam shapiro on the breaking news desk.inue to inform you throughout the rest of the hour exactly what is happening to the stock after-hours. it is taking quite a hit as a result of some of these numbers. missed a lot of expectations on units sold. >>> raymond james just reported as well. coming up next, the ceo paul reilly, joining us exclusively to tell us what he is seeing from the investor. sandra: plus it is back to davos to hear from two global companies that are expanding. the ceo and president of marriott and hilton. they will be joined together with liz claman. find out where they're seeing the most growth. you do not want to miss this. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus wh

adam shapiro, how do they look? >> well it's a beat on earnings, david, but a miss on revenue. earnings, 81 cents per share. the street was expecting 75 cents. revenue 21.46 billion. the street was expecting 21.53 billion. jumping in real quick on the press release they're talking about it, in the last quarter, in the server and tools business, saw increase 8.5 billion. the previouser, server and tools business reported 9.1 billion of revenue. 9% increase from the prior period year-over-year. we'll jump in to see how windows 8 is performing but they're missing on revenue. sandra: we'll keep watching the stock here in after-hours trading. looks like it is getting a little bit of a boost in after-hours trading so we'll keep looking at those numbers. keep in mind the revenues numbers fell short but the earnings per share did beat. it is a decent beat. it is six pennies. let's get to the market panel. scott bower in the pits of the cme group in chicago. we have brian sezi, gnp production analyst and, a chief investment officer at security wealth management. start at the cm e-tradin

connell: adam shapiro in the newsroom with more on that. adam? adam: this is an on going story that the fox business website first broke back in the fall. the cyberattacks against u.s. financial institutions just about all the banks in the united states being targeted originally it was a group that was taking credit, as we reported last fall. and then in october, adam samson on our web team actually wrote a story in which he detailed how the attacks were taking place. they weren't using individual computers but were hijacking data centers servers the kinds of things that amazon.com or google use, that huge capacity to transmit data. that's what's been going on. and those hijacked servers have been doing these denial of service attacks against u.s. banks. back in december, we had the story right here on fox business, and the banks denied they were under attack, but then the occ, the office of the comptroller of the currency came out and said the banks need to fess up, that they are under attack. so now you've got the new york times with this story

. >> hello, i am adam shapiro in for lou dobbs. rich edson is live on capitol hill in washington dc to bring us up to speed on the latest. it will be get a vote tonight? >> we could get a vote tonight. reporter: they will be heading up to meeting and some details exams in $400,000 for individuals, $450,000 for married couples. from a tax increase. it would go back to clinton era rates for capital gains dividends under $450,000 per year would save the current rate. income amounts above that, we are talking about a 20% tax. taxes would increase there. the alternative minimum tax would be couch. it sounds tens of millions of middle-class americans, and this would be a permanent exemption for those people. as for the estate tax, it would go to 40%. there would be a one-year extension of long-term unemployment benefits. adam: what is the sticking point? it seems to me that the democrats felt they wanted, even a delay on the spending cuts. reporter: they did, and that's the problem. it is the delay on the spending cuts democrats wanted t

adam shapiro has been working on this story for the last hour of markets now with more details from theered by dow jones. richard ketchum, the chief executive, indicated come 2013 now we are in the new year that it intends to expand oversight not only of high-frequency trading and high speed trading but dark pools, quote, trying to move prices or encourage sellers that may advance trading in the dark market attempting to look at what is trading and a quick reminder, back in 2009 mary schapiro actually describe dark pools as systems in which participants transact their trades outside public markets and the concern among a lot of people, we had the story, bernie madoff of all people was drawing attention to the fact that dark pools are essentially trading that takes place privately, there is no transparency and those involved may obtain information upon which they could front run, they could trade where you and i and the public markets would be at a disadvantage so that is what this is about. they have been trying to increase regulations or oversight of dark pools going back before 2009 a

adam: i am adam shapiro with your fox business brief.rectors decided not to join a multibillion-dollar lawsuit against the u.s. brought by hank greenberg starr international good allegin.alleging the goverk advantage of aig and the rescue from the financial crisis. the couple auditors are facing charges from security and exchange commission for not properly scrutinizing to one bank located during the financial crisis. the sec says the auditors violated professional standards by failing to demand accurate information from the bank. and expected to fetch $100,000 when it auctions a rare 1865 baseball card of the brooklyn atlantic amateur baseball club. picard discovered at a yard sale in maine will be up for sale february 6. we continue our "countdown to the closing bell" with nicole petallides on the floor of the new york stock exchange. nicole: that is right. credit card companies, take a look at mastercard. sex delicious, actually adding to the conviction list. they also upgraded mastercard to a buy from a cell. it is underappreciated,

. >> i'm adam shapiro with your fox business brief.y positive as the dow and s&p 500 near their all-time highs. checking the dow industrials right now we're up roughly 7 points. >>> a federal judge approved the deal bp reached with the justice department following the 2010 oil spill in the gulf of mexico. under terms of the agreement bp will plead guilty to manslaughter and other charges and pay a record $4 billion in criminal penalties for the company's role in that massive spill. bp agreed in november to plead guilty to two charges involving the deaths of 11 workers and for lying to congress. >>> it looks like there is still a future for the twinkie. "the wall street journal" reports bankrupt hostess brand is nearing a deal to sell the iconic snack and other cakes to private equity firms apollo global management and td met trop police. the cost? $400 million. that is the latest from the fox business network, giving you the power to prosper. melissa: so what financial areas will the new congress focus on? jeb hensarling is the new cha

i am adam shapiro.cheryl casone. >> we talk about the backroom wheeling and dealing that led to the fiscal cliff deal. cheryl: no matter what your income level, your taxes will be going up. peter barnes will be continuing on this story. >> why that big hdtv you just got for christmas may be outdated. cheryl: stocks now and every 15 minutes. nicole petallides is on the floor of the new york stock exchange. nicole: the dow jones industrials jumping 219 points right now. still a stellar day on wall street. almost every stock you check has an up arrow. a couple of things are behind. obviously, number one, first and foremost, the sugar high coming off of what we have seen from washington. they made a decision at least here for the near-term. and the fact that people are getting back in now that they know what is what. back to you. cheryl: thank you very much. >> the dow up 200 points. can i quote to you real quick, cheryl got a hold of a note from jpmorgan chase and they quote a resolution about near-term re

i am joined with adam shapiro. let's talk about exports from china. >> we have economic data exports out of china were much stronger than any one expected in december. people here said global economy might be stronger than any one thought. the dow closed up roughly 80 points yesterday. futures indicating we mrv another strong day in washington -- i mean new york. never have a strong day in washington. we will have opening day until 9:30 this morning. 401 k is doing pretty well. today you can thank the chinese. don't always thank the chinese. >> things are lacking good on the other side huge rounds of layoffs on top of morgan stanley announcing layoffs and there are big issues with the economy when the finance hal companies start saying we have to scale back. >> one reason the banks aren't making the kind of money the way they used to make money. they used to charge you and me a lot on credit cards venl they are cutting back. more than stanley laid off 1600 people. morgan stanley said they would layoff 1500 people.

joining us now fox business network's adam shapiro. acks, adam, are different and more troubling than past attacks? >> that's right. some attacks you can trace where the attack is coming from but these attacks actually hijack data centers. think of cloud centers like amazon.com and google. they use the massive data centers to launch even bigger attacks against the financial institutions. just last month, occ, office of the comptroller of the currency, said banks need to admit they have been under cyberattack. we spoke to an expert in the field who has been watching these attacks for the last several months. he is the senior vice president at radware. he is head of security systems. they're not actually stealing money but doing denial of service. disrupting your ability to get to a bank website. told me quote he is a little anxious we ascribe all blame to one state-sponsored cyberattack event because he suspects it could be more than just for instance, iran. it could be iran in conjunction with another country or an organization that wis

adam shapiro with amazon. adam? >> street may not be happy with this. the stock is down 1%. sales up according to their report in the fourth quarter. but revenue falling short, 21.27 billion. the street was expecting 22.26 billion. earnings per share, 21 cents. the street was expecting 28 cents. first quarter guidance looking sales 15 billion to 16 billion. the street not happy with that, liz? liz: amazon. look at what the stock is doing in the after hours session. right now the close was $260.5. the bid is actually just slightly higher as everybody's able to just absorb these bits of news. just want to let people know we're looking at ebooks. after five years, amazon is saying e books, talking about the kindle, a multibillion-dollar cat bother for us and growing fast, up 70% last year. david: wow. liz: david, so obviously very big. david: the key for amazon, they have huge sales. we knew that they were going to come in with strong sales numbers but it's that very thin profit margin, things like the kindle, they sell about just at cost. they don't make much of a profit from

adam shapiro is covering the story. he jones us now. adam?> this is historic, remember they had the independent financial reviews because the mortgage, the mortgage servicers and the banks had so thoroughly botched the modifications of people who were in trouble with money that had been provided by the federal government to help prevent foreclosure. one case more than 4,000 members of the armed forces had their homes foreclosed on and that is against federal law. this review process was set up. and that was getting botched by the banks. they have a settlement with the occ and the federal reserve for 8.5 billion. here's the key. roughly 4.4 million people fall into the category of eligible borrowers. from the statement. quote, eligible borrowers will receive compensation whether or not they filed a request for review form and borrowers do not need to be take further action to eligible for compensation. that could be anywhere from 100 bucks for your heartache or up to $125,000 for your heartache. i don't know if that will solve problems for the

aaa saying the average for a gallon is now $3.36, that's five cents higher than a week ago, and adam shapironess network at the breaking news desk with more for us. hi, adam. >> reporter: unfortunately, what goes up may not be coming down anytime soon. you can blame warm weather for the increase in gas prices. aa reports that california is among the first big states where refineries are switching over the more expensive summer blend of fuel. the average price for a gallon of gas was up 12 cents from a month ago, and some analysts predict the price in california could predict up to 25 cents over the next two weeks. demand for gasoline also increases. it's a different story in other parts of the country though. drivers on the east coast, here in new york, for instance, and in the midwest are actually paying the most on average for gasoline. new york city filling up costs on average $3.83 while drivers in chicago are paying about $3.60 a gallon. why? midwest gas prices are going up because the supply of crude oil available to refine into gasoline is having trouble keeping up with demand. aaa bl

let's go to adam shapiro. adam: earnings per share came in at 17 cents. the street was expecting 15 cents. revenue 1.59 billion. the street was expecting 1.53 billion. they're talking about in the report mobile revenue represented approximately 23% of advertising revenue for the fourth quarter of 2012. up from approximately 14% of advertising revenue in the third quarter of 2012. you heard shibani saying mobile, mobile, mobile. 23% is the figure. david: we want to go to the cme. but first i want to go back to victor anthony for a second. victor it missed on that number, that key number you just mentioned. it got 23% of total ad sales in mobile. that's enough to send it down afterhours. is that a disappointment to you? >> no, it is not. i mean i was looking for 23.8%. came out 23%. i'm just looking for really the growth. david: it is surprising look how it is down now. that's a pretty significant loss after hours. >> i will have to go through the details of it to see what really concerns investors because the top line number in terms of revenues beat, eps

adam shapiro is taking a look -- take it away adam. sears is moving.m: do you remember the old slogan sears where america shops? do you remember that cheryl? cheryl: no i don't. adam: americans haven't been shopping so much at sears. or for that matter kmart. remember back this 05 lampert merged the two companies, 11 billion dollars deal. trying to turn this retailer around not only sears but kmart for several years trying to make some traction. last week they got the big news that abrozio was leaving. today it was announced that mr. lambert is actually upping his stake in sears, roughly -- he's going to 56.5%, up from 56.2%. filings just put in with the sec. some of what's going on with sears, i mean they are still struggling, but essentially for the nine weeks that ended december 29th, same-store sales up 5/10 of a percent. that's at sears. kmart still struggling. same-store sales 3.8% for that same time period. the street is looking for reassurance that the trajectory they were on, they are still on that. mr. lambert will be taking over on february

sandra: fox business's adam shapiro joins us with the details. we remember the stories about thousands of men and women in armed services, roughly 4,000, because they're illegally foreclosed upon, not allowed to do that while serving overseas, those are 4.4 million homeowners the oce and they said was part of the robo excuse scandals and robo-signing and fraudulent foreclosures. part of this $8.5 billion will be paid. roughly 3.3 billion directly to homeowners eligible. that is the 4.4 million eligible. here is what the oce is saying in the statement. they will receive compensation whether or not they filed a request for review form and borrowers do not need further action for the settlement. could be as high as $125,000. do not held your breath. oce says 10% will qualify for any money. if you do 10%, roughly $8500. 10% of the $4.4 billion. that 125,000 cobe easily broken. the settlement is raising eyebrows from advocates who are saying, here is a quote, cap on cash payments is wholly inadequate in light scale of harm. this is from the national f

adam shapiro thank you so much. not miss charlie gasparino's interview with herbalife president des walsh, 4:00 p.m. eastern time right here on fox business. charlie gasparino on the story. he will get to the bottom of it. tracy: he will certainly. latest jobless numbers rising this week. is this proof that the american job growth continues to be lackluster in this country? ashley: what does it mean for the overall economy. joining us is ftn financial economist lindsey piegza. once again thanks for being here. >> thanks for having me. ashley: it was lackluster, really ho hum. is there any positives in the report. >> we saw the jobless claims pulling four-week average up. once we parse out the temporary volatility to hurricane sandy we find ourselves very much unchanged from where we were before the superstorm hit. really no change in the labor market. we're still just kind of bumping along. tracy: we heard that small business confidence is ridiculously low. they're not hiring. where will the job growth come from. >>

. >> i'm adam shapiro with your fox business brief.holding near five-year highs after a report showing the economy contracted in the final quarter of last year and better than expected news on private sector hiring in january. checking the dow industrials right now, we are down just one point. >>> shares of amazon are higher after the company's fourth quarter gross profit margin surprised wall street. they came in just over 24% compared with expectations of about 22%. after the bell the online retailer reported a profit of 21 cents a share, 7 cents shy of expectations. while revenue was up 22% over a year ago at $21.27 billion, it also fell short of the estimate of more than 22 billion. >>> toyota is recalling more than one million cars for faulty airbags and defective windshield wipers. most of the recall affects corolla models. that's the latest from the fox business network, giving you the power to prosper lori: today, january 30th is the first day you can begin processinging your individual tax returns. it is two weeks later thanks

adam: i'm adam shapiro with your fox business brief.wall street bankers are pushing deals in the financial services sector as they're telling charlie gasparino telling the dodd-frank expenses will sport a frenzy of possible dealmaking among banks. a source telling gasparino regional banks like suntrust, pnc, regions financial could be sold and merged. kodak plans to emerge from the sea by the middle of the year. receiving approval from a bankruptcy judge to borrow $800 million. that money will be used to put into place the company's reorganization plan in order to emerge from chapter 11. the new york knicks have passed the los angeles lakers to become the nba's most valuable team. according to forbes, the average value rose 30% over the past year pushing the team's worth to more than $1 billion. we continue our "countdown to the closing bell" with the woman and always has front-row seats s to the next, cheryl casone at cheryl: yeah, that is me. big sports fan. the world is connected more than ever before today, even at the top. liz clam

. ♪ >> i'm adam shapiro with your fox business brief.wall street journal" reports private equity firms apollo group management and cd me metropolis have emerged as a leading contender to make an opening bid for hostess brands, hoping to buy the iconic brands at a bankruptcy court auction. >>> the u.n. labor agency warns the lingering effects of the global economic crisis will lead to mush unemployment even though -- more unemployment. the agency predicts another five million people will lose their job ands this year bringing the total to more than 200 million, a new record. global unemployment hit 190 million in 2009. >>> and reacting to last month's sandy hook tragedy, groupon has shelfed its gun-related deals and will review the entire category. a spokesperson says all scheduled and current gun-related deals have been put on hiatus while the companies reviews internal standards. that's the latest from the fox business network, giving you the power to prosper. we continue our "countdown to the closing bell" with cheryl casone. cheryl: o

adam: i am adam shapiro with your fox business brief.hostages from the united kingdom and the philippines were killed during a military operation for those taken captive by al qaeda linked terrorist. a chilean government says 14 people wounded. among them, seven foreigners. new issues require banks to do more to help the struggling homeowners keep their houses. consumer financial protection bureau is trying to stop a practice where they stop the foreclosure practice while a homeowner applies for mortgage assistance. theand in the longest of the foreclosure process until a homeowner misses four months of mortgage payments. red sox fans can own history. curt schilling bloodsoaked sock from the 2004 world series. the stock expected to fetch $100,000 is being sold through the auction. online bidding around february 4. we continue our "countdown to the closing bell" with the woman who speaks fluently french, english and profanity. liz claman. liz: yes. i don't speak that, but you heard jeff flock saying nightmare in polish because they're hav

. >> i'm adam shapiro with your fox business brief.a three-day losing streak with all three major indexes finishing in the green. at the closing bell the dow was up 63 points ending at day at 13,390. on the flipside shares of ruby tuesday under pressure following the release of its third quarter results of the restaurant chain posted a larger than expected loss of seven cents a share. revenue also fell short of estimates at $304.2 million. >>> priceline is hoping to get a big bang out of its upcoming ad campaign. william, the negotiator, shatner will reveal he has a daughter played by kaley coco who stars in the comedy hit, "the big bang theory". the two spots will air january 14th. if you can't wait that long to see a tv commercial. head to youtube, they have got it there right now. that's the latest from the fox business, giving you the power to prosper. into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to

i am adam shapiro. have a happy, healthy and prosperous new year. gets to the house, tomorrow?nd when could the house vote on this. >> assuming speaker boehner brings the senate bill to the house floor for a vote. we don't have confirmmation he will do that, it could be as early as tomorrow morning assuming the senate acts at which point we pass it to get it on the president's desk by the e ed of the day tomorrow. adam: it doesn't iclude any of the spending cuts that republicans have been adamant about getting. spending out of control. democrats and republicans agree upon that. how does speaker boehner rally members of his caucus who did not rally behind him about a week ago if there are no spending cuts? >> a couple of things. remember the sequestration still takes effect because we didn't act to change that. those are spending cuts. those are hundred of billions of dollars of spending cuts. republicans don't like the way those cuts come down bt they're real cuts. assuming we don't deal with that, you have the debt ceiling coming up. eaker boehner really didn't have any levera

. >> i'm adam shapiro with your fox business brief.he house of representatives will vote to raise the debt limit wednesday, funding the government through may 18th. republicans are including legislation in the measure that will deny members of congress their paychecks if congress fails to pass a budget. >>> u.s. and japanese officials have launched an investigation into the lithium-ion batteries used in the boeing 787 dreamliner and the japanese company that makes them. the entire 787 fleet was grounded last week after several incidents including an overheated battery that forced an all nippon airways 787 to make an emergency landing. >> actress drew barrymore is teaming up with wal-mart to launch a new beauty line. the brand, flower, named after her production company. barrymore said she chose wal-mart due to its fast reach and. we continue on fox business network with a woman who doesn't need beauty products, cheryl casone. cheryl: if only that were true. anyway, millions of kids grow up having dreams being elected as president of th

♪ >> i'm adam shapiro with your fox business brief. 52-week high and closed up today at $518 a share. on news the credit card processor had strong fourth quarter results. net income was up 18% year-over-year. >> robo-signing will cost florida based lender processing services $121 million. the mortgage and consumer loan technology firm settled with 46 states attorney generals. the agreement prohibits lps from robo-signing and requires a review of all documents it executed between 2008 and 2010. >>> customers going loco for taco bell for doritos taco. they will get a new snack. they will have dorito flavored tacos are a hit at taco bell. they sold more than 300 million since introducing the taco. frito-lay said it will be first time doritos are branded with a logo of the national restaurant chain david: defense spending plunged 22% in the fourth quarter of 2012. this helps to explain why the economy shrank in the last quarter and our next guest says the effective cuts this quarter will be even worse. joining me now is todd harrison. he i

very own greek god, adam shapiro . all right.about this today. last night's ccs championship game was the total blow up. last night's bcs game with a turning the conversation to something much more exciting, the girlfriend of alabama quarterback. take a listen to this. >> you see that lovely lady. she also, ms. alabama, and that that is miss alabama. she is also a.j. mccarron's girlfriend. >> a.j. mccarron is doing some >> if you are a youngster at alabama, start getting the football and throwing it around the backyard. melissa: yap. a short time ago espn actually apologized for the comments following the criticism. what do you guys? viewers. then it seemed like he is moving on to the mother and it was really uncomfortable. >> this girl, katherine webb is ridiculously beautiful. she is backwardness. however, she has some issues. [talking over each other] melissa: i knew that we would have to have the bathing suit shot there. >> to go on and on about that, i think that they went a little too far. [laughter] >> but it started getti

melissa: if you like to party with "spare change" we're joined with adam shapiro and susan.hile employed by a rise in a software developer decided to outsource his entire job to china while he sat in his home office. a typical they looked at 9:00 a.m. watch cat videos. then have some lunch, of drowsy day then face book that a 430 he would e-mail the updates to management. he was caught when his computer was linked to a network in china. he should be credited. that is creative. >> is there anything wrong with it? he committed to a job getting done and working out of his home. as long as the work was done is a legal? >> rise in his thinking why pay him? he had a six-figure salary if we could spee a kid in china. melissa: the kid probably reached out. by the way. [laughter] melissa: he was watching cat videos. [laughter] melissa: i never looked at cat videos at work. getting a foot in the door for the wall street internships can be tough. but he took a chance with his cover letter that reads "the truest is i have no special skills the near-perfect gpa and i will work hard. i wi

and adam shapiro. that is everyone agrees with you wherever you go goddess. >> everywhere.augural luncheon. this is michelle obama, feasting away and rolling her eyes. he -- she does a bunch of times as the judge with the president. once this over and over again. she just keeps shoveling, i've been there. i understand that. this means they have been starving her all day. she's been going through it. she rolls her eyes like three different times and six ahead. >> yes. she shakes her head like look at this. how sad and pathetic. i'm going to eat more. melissa: there you go. >> expected to signal talk to the hand. >> but she knows she's being watched preachiness their cameras everywhere and she still just doesn't care. at the industry thousand calorie lunch. and don't care what anybody thinks. and he's lying. melissa: he's also saying, that thing again. yes. moving on, it took police to discover that former french president nicholas sarkozy and his wife are planning to move to london to escape that 75 percent tax rate. that's not all. also plans to set up a billion dollar priv

. >> i'm adam shapiro with your fox business brief. trading will resume on wall street tuesday.e closed today for martin luther king day. the nba may return to seattle but that city's gain will be california's loss. the family which owns the sacramento kings has agreed to sell the team for 525 million dollars to a seattle group which plans to move the kings to seattle and reclaim the old sonics name. 2008 the seattle sonics moved to oklahoma city and were renamed the oklahoma city thunder. also need nba approval. 40 bucks will get you priority boarding on southwest airlines. southwest announced the new pay to be first program which opens to passengers 45 minutes before a flight departs. passengers have to pay at the gate to be among the first 15 to board a flight under the new fee to board early plan, but guarantees you will get some overhead space for your bag. that's the latest from the fox business network giving you the power to prosper. ering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to pro

. >> i'm adam shapiro with your fox business brief.s been served with two formal enforcement actions from the office of the comptroller of the currency and federal reserve. the occ is ordering the banking giant to improve its risk management procedures following more than $6 billion trading loss it incurred last year. jpmorgan also has to improve its systems for anti-money laundering procedures. >>> phone prices posted the biggest annual increase last year. that is the biggest since 2006. according to real estate data provider corelogic, prices climbed 7 1/2%, thanks to stronger demand, lower inventory of bank owned properties. they predict prices will rise 6% nationally this year. >>> stocks struggled to stay in positive territory. the dow managed to end in the green for the fourth straight trading session. that's the latest from the fox business network, giving you the power to prosper and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily u

connell: adam shapiro is coming up in a few minutes. he was talking to bernie madoff.you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you after the fact, sometimes as much as 30 days later. with lifelock, as soon as our network spots a threat to your identity, you'll get a proactive ris

. >> i'm adam shapiro with your fox business brief. association of realtors says the index for pending home sales unexpectedly fell 4.3% in december no november. the estimate was for an increase of .3%. realtors group blames a drop on a tightening market. it says signed contracts were up compared to a year ago. >>> orders for durable goods rose more than expected in december thanks in a part to a large amount of orders for boeing aircraft. the 4.6% jump over november was well above the estimate for a 1.8% increase. if you factor out the transportation component, orders for products built to last three years or more, we're still up 1.3% which tops expectations. >>> american airlines groundworkers could get immediate 4.3% raises in the carrier merges with us airways according it the union which negotiated the pay hike with the two airlines. that is the latest. lori: talking about cooking tips here. wonder when we discuss. a bipartisan group of senators are developing a plan on immigration reform granting citizenship to nearly 11 million

. >> i'm adam shapiro with your fox business brief. from 18 months from raiding asset backed and government securities after reaching a settlement with the securities & exchange commission. the sec says eagan jones made material misstatements when registering to set up a ratings agency. eagan jones tells fox business the company is pleased it settled with the sec on mutual terms. >>> wal-mart is warning its global suppliers that it will adopt a zero tolerance policy on subcontracting without its knowledge. the tougher policy starts march 1st. last november a fire killed more than 100 people at a garment factory in bangladesh which had subcontracted with a wal-mart clothing supplier. wal-mart currently allows suppliers three chances to fix problems before cutting them off. that's the latest from the fox business network, giving you the power to prosper. lori: we learned this morning that existing home sales fell 1% last month. so why did fewer people put their homes on the market in december and is this worse than expected read indicati

. >> i'm adam shapiro with your fox business brief.lans to emerge from bankruptcy by the middle of the year. kodak received approval today from a bankruptcy court judge to borrow up to $844 million. that money will be used to put into place the company's reorganization objectives and emerge from chapter 11. >>> shares of math pharmaceuticals are jumping on news of a buyout. specialty drugmaker allergan is acquiring the company for $958 million. they plan to expand its migraine treatments. the deal is continue end on regulatory approval in the united states and canada. >>> best buy is betting on actress comedian aimpy pohler for the super bowl ads. they will air a humorous spot during the second quarter quarter of the game. that is the latest from fox business, giving you the power to prosper. melissa: so the american trucking association's latest report is out and it shows that we have some tough year-over-year results. let's drill down on it right now. joining me, if you could scroll up a little bit, is in a fox business exclusive is

melissa: interesting, adam shapiro, thanks so much.s just about a quarter till the top of the hour. let's check the markets. nicole is on the floor of the stock exchange with energy m&a action for us. >> that's right. take a look at conocophillips and danbury resources, news here. talk about the stocks first. danbury resources is up 4%. conocophillips is up more than half of 1%. conocophillips agreeing to sell some of their properties over in montana. also in north dakota, over to danbury resources. what was the price tag, the value? $1.05 billion. and this is, as we have the houston company, which is danbury resources obviously trying to expand in this area. so this is one of the moves that conocophillips is doing in this area and so you're watching both of these names. as far as the oil services index, higher. oil itself is pulling back by about 19 cents at 93.95. back to you. lori: thank you, nicole. melissa: facebook ceo mark zuckerberg taking a page out of the steve jobs playbook with highly touted mystery event. did the announcem

adam shapiro at the news desk with the latest. temecula.ews in which the chairman of the house foreign affairs committee have set that they believe the algeria hostage situation was actually premeditated. there was advanced planning for this attack which began before the french assault and molly which took place last week. you will recall that the terrorists who have ties to al qaeda say that they were reacting to the french assistance to the mali government of the the situation in that country. now we are learning from the chair of the house foreign affairs committee as well as house intelligence committee that they believe this was premeditated which would be very troubling giving the ties of these terrorists to al qaeda. also, but news is reporting that two of the american hostages have escaped from the algerian kidnappers, but one remains in custody. to americans appear to have escaped. this is not confirmed from the state department. hillary clinton has said at a press conference she will be speaking with algerian government officials

fox business network's adam shapiro is on the story. who are we talking about, adam?t&t, microsoft and genentech, they are on the list. what is different this time around, jenna, as we show you video from the last time we had an inauguration, 2009, what is different now, four years ago the president did not accept any corporation donations. this time unlimited donations from corporations. we've been calling at&t, microsoft and only one to respond so far is microsoft and they will not tell us how much they donated, nor will the inauguration committee tell us how much they donated. all of that information in '09 not from corporations but individuals like ceo of microsoft was public because the obama administration gave you the name of the person, how much they donated where you work. this time around they're not doing that. that has organizations that keep a track on who is giving politicians money, that has them upset. for instance we got the quote from the center for responsive politics. they told us, we would encourage them, them being the inauguration committee, to