adam shapiro thanks very much.re talking about google's decision to get out of the phone hardware business lifting a cloud from the internet giant creating a huge new opportunity for china's lenovo. lenovo's north american president jay parker will tell us how he plans to set up competition between wireless leaders apple and samsung. can he turn around motorola mobility when google couldn't? >>> we're heading back down to the heart of super bowl boulevard where liz is live at the nasdaq marketplace. liz, what is coming up. liz: how do you like this line, it is good to be bad. that is what is jaguar hopes to get to buyers and super bowl viewers and doubles down with the full minute ad in this year's super bowl, jaguar's first. we'll show you a look at multimillion dollar campaign and shoot and we'll ask jaguar is the hefty price tag worth it. and we're here live, look what i found at nasdaq marketsite, cletus the fox sports robot who taught me dance moves. because that's what you do right, cletus? let's see you danc

our very own adam shapiro is at the auction and speaking exclusively with the chairman and ceo, craigy. how would you like to drive a 1955 mercedes sl, they sold one last year for $2 million that belonged to clark gable. it is used by the way. how about a 2008 bugatti? the person who makes all of this possible, ceo of barrett jackson, craig jackson. he is off to it now, memorabilia are coming up. these cars in particular will fetch over a million dollars. >> they will. this whole row, salon collection, multimillion-dollar cars go across on saturday. we start off with entry level cars because that is the safest place to get into collar collecting and understand what you want and also what you can afford to sort of learn about car collecting. >> we talked about that when you and i talked in the past when you get into the hobby. people look at it as an investment. barrett-jackson mini index which is blue chip index of all kinds of cars, camaros, ferraris, shows the return is better over long term than the s&p 500. what advice do you have for people that want to get in on this. >> buy the

cheryl: adam shapiro is live from denver, colorado, with more. uy recreation -- marijuana for recreational use is seeing no letup in demand. at medicine man in denver this is like this all day long. people come from all walks of life. i've seen grandparents, college students and all races and socioeconomic classes. one guy looked like he came out after bank lobby. you see people who might have done the goth thing in high school. bottom line this is like the new beer. people here want to enjoy this. you have two businesses. you have recreational side which is taxed heavily. the city, state, tax on marijuana in denver is 37 plus percent. the medicinal side, the medical marijuana side, medical marijuana tax is 7.7%. you used to see crowds with the tax but don't see it for medical side. they have people boeing in for medical marijuana because of their ill health. david: adam shapiro, looks so strange to see that on the wall. different varieties. cheryl: also difference between the state law and the federal law. those are different laws so. anyway, tha

cheryl: adam shapiro, thank you.er for recreational pot use today but still a legal wild west out there and joining us with more, it cornwall, a professor at seton hall university school of law. thanks for being with us. i had thought that the idea of legalizing pot was going to remove $1 trillion spin on enforcement of the last 40 years and allowed no rules at all. sounds like instead it is going to engender a whole new wave of regulation. >> interesting point. certainly there is a push for even greater enforcement of the existing drug laws pertaining to the illegal sale of marijuana. with the idea being if you are going to make the new recreational drug laws work than you are going to have to make sure people are buying from the legitimate buyers which we have to shut down the people who are violating the law. dennis: we wanted to know logger address people and put them in jail for the supposedly victimless crime and not spend that money but we will spend even more money on enforcement. $20 billion nationwide over

fox business adam shapiro is in the middle of some pot plants in colorado.here? >> reporter: well, the first, as you know, history. the second day has not let up. you have people who are in line to buy marijuana legally for legal recreational use. the medical marijuana. now what they have done under the law is split into two different businesses. under one roof you have the medical side and then you have the recreational side. it will pay roughly 37 percent tax on what they buy. is going to be humongous. melissa: interesting line. everyone looks happy. i see more men than women which is interesting. i don't know what to make of that. was the next up? >> the next step is that federal government watching what is going on. marijuana -- marijuana remains illegal at the technical level. technically it is illegal in colorado because federal law trump's colorado or state law. however, the department of justice last summer so we're not going to interfere as long as states where recreational use will be legal have strict guidelines to regulate. washington state, this

we have adam shapiro with late breaking news on governor chris christie. right back to michael. go ahead, adam. >> you might call this super bowl weekend hail immunity pass for one of the witnesses. this is letter from david wildstein, christie's appointment, evidence suggest that is mr. christy knew of the september lane closures when they were going on. david, exact quote, evidence exists tying mr. christy to having knowledge of the lane closures during the period when the lanes were closed, contrary to what the governor stated publicly in a two-hour-press conference. from the attorney who represents david wildstein. david: this has just gone nuclear. his denial, governor christie's denial was so emphatic, there was no wiggle room at all. if in fact there is any evidence to back up the claim from the export authority official this would be the end of governor christie's political career. >> trying to get immunity. what will happen, investigators only get it if we see evidence and it is legit. david: we'll see if there is any evidence to back up the claim.

our adam shapiro is at laguardia airport with the latest. getting back to normal at least at laguardia, if you can call this normal. some of the statistics from flight aware showing 232flights have been canceled nationwide and that number continues to grow with delays totaling 2440. now yesterday was a far worse situation. there were 4100 flights which had been canceled with 8,000 delays nationwide. even with better numbers today, it is still a headache for a lost airlines. some of the airlines with most flights delayed or canceled as of noon today, american eagle, 337 flights. southwest 312. jetblue, 216, american 128, and united 117. here at la ward yaw and other -- laguardia and other airports, they had cots laid out last night on the second floor, for passengers who were stranded. they cleaned that up as they expected everybody to get back to normal, again if you call these normal. jetblue, for your information, they're promising operations will be functioning at 100% by 3:00 p.m. today. back to you. ashley: promise, promises. tracy: adam

i am adam shapiro. lori: i am lori rothman just how concerned is the fed with the turmoil in the u.s., as well as emerging markets. in moments, peter barnes will have an exclusive interview. if stocks to bounce off the lows of it today. nicole: we got some key levels on the s&p 500. looking at 1776-1770. that was some good signs. the dow jones industrials down 100 points. we noted another weekday here on wall street. concerns about global currencies again. you have also gotten some earnings that have been tepid. that is what has driven this market. on thursday we got great earnings from some of these companies. on the dow jones industrial, chevron has been weighed on the dow. that is because of the margins they got. the refining margins. that has been weak on the dow jones industrials. back to you. adam: no signs of slowing down. sandra smith is here with more on this for us. we are getting serious outlook from emerging market bonds. $6.3 billion in outflows. that is just on a one-week basis. outflows t

of back to adam shapiro covering action for us. adam? an investment in the auto collecting industry, consider mercedes 190 from 1955 to 1963. we have mark hyman from limited collector cars out of st. louis. you're selling this 190. why are they going up in value so much? >> adam, thank you. the collector car market is very, very strong. mercedes 300 sls ratcheted up in value. they start at a million dollars and go to maybe two million dollars. as a result the 190 sls have come up to follow them. a couple of years ago, a 190 sl could be bought for 40 to $60,000 now. >> okay. >> now they're selling for 150 to 250 and there's a lost demand. >> sounds good. i have to wrap-up. we'll have more to talk about throughout the day at the barrett-jackson scottsdale auction. back to you. lori: let me tell everybody what is coming up with you, adam. thanks for that. catch full coverage of the barrett-jackson auction tonight on fox business, 9:00 p.m. eastern. ashley: great stuff. you start watching it, before you know it half an hour is gone. you get

adam: i am adam shapiro. lori: good afternoon. i am lori rothman. imagine? adam: congress is back in session and democrats are promising a full press to pass an extension of unemployment benefits. the g.o.p. is not biting. joining us from the white house. lori: wwy he says we cannot wait for washington to act because they won't, they can't, they don't even know how. adam: did the obama administration break the law? his fight with 10 other republican ag and why they say those fixes to obamacare are illegal. lori: let's go to before the new york stock exchange with nicole petallides where we are headed for our third down day today, nicole. nicole: we had been up over 60 points. right now, it is over 100 points from that point. down 43 points right now, much like the s&p, the nasdaq playback a half of 1%. a lot of names hitting new

i'm here with our car guy, adam shapiro, and y can tell he's

for all of us here at fox business, i'm adam shapiro. happy motoring. ♪ ♪ goodbye. >> we want the police to keep us safe. >> we have to do everything safe. >> we have to do everything we can to keep a safe. much? to make the area has been be >> tonight. john: "the police state"? america is not a police ste the we're pretty free. for the most part but we didn't learn that they grabbed records of phone calls and the males and a and who we talked to the and when i am not that upset i figure might political enemies already spy on me but is duse's slippery slope leading to terrible things. but there was already things that my government does that upset me more. radley balko writes about them in his new book radley balko one dash "rise of the warrior cop." what do you mean? >> call on r&d and undressed and trade like soldiers and military tactics. john: and the equipment tanks, helicopters, . >> guns, and for a long time they were reserved for each emergency situations like the escaped fugitive for the active and schuster or hostage-taking sit

adam: i am adam shapiro. the dow down biggest turkish central bank's rate hike failed to calm nervous investors. lori: the focus turns to the federal reserve. we're one hour until the decision which will be chairman ben bernanke's last. will be full taper ahead for ben bernanke and company? adam: frozen in time, atlanta paralyzed after a winter storm dumped a few inches of snow. commuters are stuck in talks after waiting in traffic for hours. students spent the night at school. it is just an absolute mess. lori: atlanta hawks steve homan joins us with how it played out in the city at tonight's nba game against the detroit pistons. so much for the relief rally did started the day on wall street. let's head to the stock exchange and check in with nicole petallides but the emerging market fading fast. nicole: emerging markets problem, also technical levels, the dow jones industrials down 137 points, the lowest down 174 points. we are of of the lows of the day but seeing the down arrows and i will get to why dow

david: adam shapiro live from the auction in scottsdale, arizona, tough duty, beautiful cars, scottsdale,adam. >> somebody has to do it, david. i tell you about star cars. meet one of the people that makes all this happen. steve davis is president of barrett-jackson. we have cars which in and of themselves stars in addition to cars once owned by hollywood types. tell me about this, the hot wheels collection here. >> this is absolutely a star of epic proportions. not only are these cars stars, but literally what childhood memories have been made up of for a generation going into the next generation. these cars represent all that is america. drag racing -- >> hot wheels. >> hot wheels. waking up on christmas morning playing, who wants to the mongoose, who wants to be snake. >> i was always the snake. my little brother was always the mongoose. i always won by the way. seriously these cars represent something historic. they are worthy being in the smith knownian. they are a mayor kahn narcs 100% incredibly valuable today. >> we'll talk about it in detail. show the audience two-star cars, one

shapiro. adam: i do get called. kanye tacking action against the virtual currency he inspired. adam: what about jamie dimon's pay day? charlie gasparino is here with exclusive numbers on the jpmorgan chief 2013 bonus. ♪ she keeps you on your toes. you wouldn't have it any other way. but your erectile dysfunction - it could be a question of blood flow. cialisadalafil for daily use helps you be ready anytime the moment's ght. you can beore confidentin you. and the me cialis is the only daily ed tablet approd to treat ed and symptoms of bph, like needing to go frequent or urgently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates forhest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical he right away for an erection lasting more than four hours. if you have

i am adam shapiro. lori: i am lori rothman. adam: first a drone and shipping before you even order.he great depression lows. how that this year will get. it will be denver versus seattle battling in frigid new jersey. also a surprise winner from championship sunday. the city's brilliant when after both i shout outs. first, the latest developments on the massive credit card breach. new word here on who just may be behind it. >> a russian 17-year-old, a teenager may have been the person who is responsiile for this. he is saying that it was not the 17-year-old.

i am adam shapiro. lori: i am lori rothman. money and nowhere to put it. lori: the marketing geniuses behind big names. they are just 30 years old. adam: the cost of getting to the superbowl. travel zoo says there are still deals to be had. lori: let'ssget you updated on the markets. the dow is on track to the worst week in a month. briefly dropping below 16,000. it is not to say that it won't or cannot happen. we drop below 16,000. our lowest point was 15,982. the dow is down 2.7%. it is a tough week. you see the numbers fluctuating. using gold and utilities and telecom and volatility. the highest level in more than three months. right now it is at 1615.

adam: i am adam shapiro. the dow on track for a fifth day of losses. cerns about china and the u.s. taper plans. adam: s&p capital iq christie and short joins us for what will be the busiest week for quarterly earnings. lori: we are live in chicago where it feels like negative 20 degrees out there. adam: when a fortune 500 company wants to make it to the superbowl. the deal still to be had and how much it will cost for vip access. lori: we dd have breaking news. there is a live look between 26 and 27th street. street all closed. you can see the emergency apparatus. adam: it appears that it was a firecracker. some of the mischievous intent on map. let's talk about something that is on everybody's radar screen and that is stocks. let's head to the floor of the new york stock

i am adam shapiro.h the turmoil in the u.s., as well as emerging markets. in moments, peter barnes will have an exclusive interview. if stocks to bounce off the lows of it today. nicole: we got some key levels on the s&p 500. looking at

and 2:00 eastern, classic cars on the auction block, adam shapiro with jerry jackson's ceo craig jackson music services like pandora and spotify are killing digital music to a mode. streams were up and digital download drop. nielsen, a jim donahue is businesses as the president joining us to talk about this trend. i thought the music business finally getting the old digital thing, embrace it but 2013 numbers in, streaming music which you don't the 4 except a monthly fee of 32% bid digital tracks sales fell 6%. now one kind of digital is cannibalizing another kind of digital. >> i would not look at it that way, i think it indicates a shift in consumption. i have been through this before, business models have shifted and changed over the course of the music business. we look at how consumers are discovering and accessing music. we have been very used to a new unit based sales model, and we have to get our heads are around the fact that when people are paying for a subscription when they are streaming, taking advantage of advertising that comes with those services there is revenue there. th

dagen: adam shapiro, we sent him to deliver the very latest area did adam. >> if you can believe getting back to normal includes flight cancellations, things are getting back to normal, at least at laguardia nationwide. 2100 flights which are cancelled today, that number is growing. several delays including laguardia. 1400 delays right now, that number is growing. yesterday 4100 flights cancelled, a thousand 11 delays nationwide, and of course there was the jetblue situation canceling roughly 300 homes and flights to boston. many flights out of jfk and laguardia, but now as of 10:00 a.m. this morning, jetblue is getting back into the business and they assure their flyers by 3:00 p.m., 100% of their flights will be back and operational. so the big areas getting hit hardest by the freezing temperatures obviously the midwest, chicago, flights here in the guardia cancelled to milwaukee, minneapolis where temperatures and the windchill are in the minus 20s and detroit being hit. connell: thank you very much. fun times. dagen: making sure the airplane does not turn into a nice block in the air

i am adam shapiro. lori: good afternoon. i am lori rothman. too comfortable yet. why the markets are due for a fit team% correction. adam: the staggering findings about the pension crisis in illinois. our exclusives interviews. it will not save the state as much money as originally thought. president obama to deliver the fifth state of the union tonight. brad blank when joins as the administration teeters on lame-duck status. adam: the city feeling close to 27 degrees. an ice warning for new orleans. the city expecting accumulations of one quarter of an inch. temperatures in houston dipping just below freezing. we find our own jeff flock in bitterly cold chicago where schools are canceled for the second day in a

adam: i'm adam shapiro with your fox business brief.online bank features. they have responded to some twitter users from the verified account saying they are aware of the issues. no official comment yet. the number of unemployed people globally rose to 201.8 million last year. up nearly 5 million from 2012. report found east asia and south asia accounted for 45% of the increase in unemployment. china's growth slowed to the lowest level in six months, gdp in the world's second-largest economy grew by 7.7% in the final quarter of 2013. that is down from 7.8% in the third quarter. that is the latest from the fox business network, giving you the power to prosper. tracy: the target hack attack case may be far from being solved. elizabeth macdonald has the details in her bottom line today. liz: this hits the headlines fast over the weekend. watch out, the guy 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 fi

adam shapiro is live in denver. so who's buying, adam?g to have to get back to adam when we get his -- there we go. adam, do we have your microphone fixed? we weren't hearing from you a minute ago. all right, we're working on some audio problems. my home state of colorado the first one in the country to legalize the recreational sale of pot. obviously, a lot of smiling faces there. a lot of people don't think it's such a good idea. a lot of the neighboring states not so happy that they're going to be policing the roads and so forth from people who drive into colorado to buy their pot legally. jenna: that's what i thought was so interesting about this part of the story, and hopefully we'll get back to adam. there were so many folks driving into the state to be there for the moment where it became legal to buy. and that the prices were not very competitive, they were really quite high. but they were coming anyways. jon: well, i guess competition is a good thing, but we'll see, that's -- jenna: it's a big weal see. underscore, bold. right? j

will need something really cool in this stingray, that adam shapiro was talking about earlier in the're going, right? >> i mean there are some areas that are just more safe than others. that becomes quite evident, particularly during tougher economic times, right? so that is something you watch as well. just to demonstrate, charles payne's point, sorry for radio listeners, here is the big michael kors watch, our producer liz here, that liz here wears, but guess what? she didn't own the stock either. it's a bummer but she loves working here at new york stock exchange. that is the point, right? you have to really delve into the numbers and look at companies and do homework on stocks overall. unless you're buying broad based or buying the s&p 500 or buying the dow jones industrials and playing it like that. ashley: so ladies, i have to ask, do you have a giant michael kors watch? >> no. >> not everyone. >> i see a lot of them. tracy: but i see a lot of them. that is a month of dance classes. there goes that. mama not wearing that watch anytime soon. >> one thing before we go on a volati

. ♪ >> i am adam shapiro with your fox business brief. existing home sales rose in december.sociation of realtors says sales of previously owned homes rose 3% last month. the number of americans that file for first-time job benefits was up by 1000 ast week. it matched estimates. the four-week moving estimates fell. toyota remains the top-selling automaker. it sold 9.9 million cars and trucks worldwide last year. beating general motors by 270,000 vehicles. it totaled about 2.2 million. up 7% from the previous year. that is the latest from the fox business network. giving you the power to prosper. ♪ copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that hel open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye dro

adam: hello, i am adam shapiro. lori: i am lori rothman. a dissatisfaction on the state of u.s.week to go until the state of the union. and as president obama begins his second year of his second term in office, jeff offers a warning for your portfolio. they call it the year tw year t. adam: element default in the first real test of china's bailout everything government. gordon chang will join us on the event that could come as soon as next friday causing "decades of misery." lori: dr. dre's next episode, the music entrepreneur launching his own streaming service in an already crowded field. will beats music be a pandora or spotify killer? adam: related is as travel come to a near standstill. we went ahead to the new york stock exchange to check in with nicole petallides. it has been a rough way to start the week. nicole: it has indeed. it began to fleury, it continues to do so. started in the green and in the red, some of

. >> i am adam shapiro with your fox business brief.inistration officials ordering 415 boeing 667 just to hav of its ear probm with minutes that could result in loss of control the airplane. they're working closely with the faa on those safety checks. u.s. steel has where labor fight only to the u.s. supreme court. ruling unanimously u.s. steel is not have to pay unionized employees for time spent putting on and taking off safety gear before and after their shift. 800 workers brought the original suit. you home sales fell 7% december from november. but for a full year sales of new homes in 2013 were up. that is latest from the fox business network, giving you the power to prosper. tracy: in tomorrow's business today, you're watching chicago-based startup trying to reinvent tv news that appeal to marketers sweet spot, millennial's. 18-35. that is to provide compact new segments from 15 seconds to two minutes long that have sumac feel to them. joining us now is cofounder of radio veteran. thank you so much for joining us. so exactly how d

adam shapiro thank you.na: the frigid weather can impact everything from filling up your car to heating your home and getting frozeries. schools and businesses are shutting down as a result of the weather. the windchill is making it worse. it was 5degrees below in rhinelander, wisconsin, this morning. at one point it was 4 degrees in central park. which sound a lot warmer than negative 52, doesn't it, john? that did break a 111-year-old record set back in 1896 in new york city. in atlanta, georgia, temperatures dropped to 6 degrees. chicago, minus 10. that is up six degrees from yesterday's record cold but still pretty cold. this is weather people have not experienced before. only six places across the united states saw temperatures below zero. maine, on big black river. mount washington, new hampshire in 1885. tiny northeast corner of nevada in 1937, towns in mexico, utah and vermont. i'm reminded one of our viewers in bakersfield, california, it is 70 degrees. that said it is the exception to the rule. san