alison kosik haa the mmin factors that go into determmninggsomeone's pay. pay. 3 $775 ollarss--thatt as the 3& americcns in 2012.but how is that iguree out?a lot off &pfactorssgo into it. one of the biggest, is education.the higher the degree, the bigger the paycheck. heebureau of labor statiitics says the median weekky earnings for someene without a high school diploma issjust under $500 ddllars. those with a diplomaa takeehome almost $650 a week -- while thooe who are unnversity thoosand. not only that, but the more eddcation you have, the more likell you areeto have a job.employers are clearly willing to pay morr for more expertise.the & iidussry you work innis another big factor in determining the siie of yoor salary. wages in the service sector tend to be at the lower end of the scale -- workers in home a little less than 500 a week . those with office aad construction jobssfind &pthemselves in the middle of the scale. the big buuks can & be foond in management and thee &business sector.and while it's no secret men make more thhn women do, race caa als

alison kosik is at the new york stock exchange.ore. >> these consumer advocates, coral, what they wanted to see was these rules sort of go one step further and force banks to lower rates on loans or have banks postpone foreclosure, but the new rules for the consumer financial protection bureau they should prevent foreclosures happening too quickly or unnecessarily. some of the highlights they'll give borrowers time to modify their loans. banks don't begin the foreclosure process if the borrower is in the middle of trying to get a loan modification and borrowers have to be delinquent for four months before banks can file the first foreclosure notice. the rules are trying to make foreclosure the last trying to other options first. these new rules force barvegs to actually make some employee available to help homeowners avoid foreclosure on their home and call for clear mortgage statements. again, you know, it's all about avoiding these unnecessary foreclosures and giving delinquent homeowners a chance to get back on track. so many ti

thanks so much, alison kosik, good to see you.ew year. >> reporter: same to you. >>> pope benedict xvi welcomed the new year celebrating mass in st. peter's basilica. crowds gathered to hear the pope's blessing. he told people to look to god to find true peace. catholics recognize this day as a world day of peace. the annual tradition started in 1968. >>> three, two, one! >> hundreds of thousands of people rang in the new year in new york's times square and millions more watched and celebrated from home. it didn't take crews long to start cleaning up after the ball dropped in new york city. believe it or not the streets are clean this morning. three hours later seattle welcomed 2013 by countle up on the iconic space needle which celebrated its 50th birthday in 2012. if you had a hard time deciding on one place to celebrate the new year, sin city out if for people's attention with multiple fireworks displays above the las vegas strip. >>> in less than three hours, the house gets its first look at the senate's fiscal cliff solution,

alison kosik at the new york stock exchange. alison our investors taking the addition of 155,000 jobs as good news for bad news? >> it's more like eh. investors are seeing it as it's not good, it's not bad either. stock futures right now are sitting pretty much flat to slightly, they were sitting flat to slightly lower before the report but as soon as the numbers came out the dow went up 20, not a huge response, a few reasons why for this. you look at that 155,000 figure, it's about what everybody expected. some were hoping for better after yesterday's strong adp report but overall this is what pretty much people expected. now, what's interesting when you look at this report, a lot just hasn't changed from november to december and the same goes for the year. you look at how many jobs were added in 2012. it's about the same as 2011, 1.8 million jobs were created in 2012 and 1.8 million jobs were created in 2011, so it's flat there. you see the jobs market really just moving sideways. the unemployment rate for december didn't chang

alison kosik is at the new york stock exchange. ison, is this about what the investors expected to see? are we above or below where we expected to be at 10:39 eastern? >> it's right where we expected to be, right where investors expected to be. huge gains to kick off the new deal, here's what's funny. for as long as it took for lawmakers to reach an agreement, one analyst says congress has done the easy part. now comes the hard party, reducing spending and increasing the debt limit. so the question becomes how long will this good feeling last? with one trader warning at this point buyer beware. this morning the buyers are far outbuying the sellers. >>> let's talk about the payroll tax hike, rather. most americans aren't sees a tax hike, but most will see the paycheck shrink because of the payroll tax. let's talk about that. >> right, because the payroll tax holiday is over. that means your paycheck will get smaller let's say you make about $250,000 a year, that means $83 less out of your paycheck. but you know what there's also plen

alison kosik is here to spread the fear. really?reporter: i'm going to try to pull you off the ledge a little bit. >> thanks. geez. >> reporter: the warning signals sort of are going out. online security analysts like mcafee, verizon, what they're predicting is that cyber warfare will escalate this year, many of it between actual countries. one expert is telling cnn money that at least 12 of the world's biggest 15 military powers are building cyber warfare programs, and it's not just talk because these programs can cause major disruptions to country's infrastructure systems like traffic and water purification and banks and stock exchanges as well. one security expert is going as far to suggest that one such attack could cause people to die. these types of attacks, that they can grow more sophisticated, and the slippery slope could, quote, lead to the loss of human life. now, yeah, it is a bit of a stretch. but these security experts, they are paid to think about the unthinkable, including potential destruction caused by hacking into

alison kosik is here to talk about the company's move.ng teenager. >> exactly. so, yeah, after hesitating, pepsi is taking action finally. yeah, it really felt the pressure after this change.org petition was started by a 15-year-old from mississippi. and what this 15-year-old was asking is for pepsi to stop using brominated vegetable oil in its gatorade line. what that ingredient does is it keeps other gradients from separating but there are some studies out there that suggests bbo could be tied to neurological and thyroid disorders. pepsi put out a statement saying while wour products are safe, we are making this change because we know that some consumers have a negative perception of bvo in gatorade. now it's going to use a new ingredient that will replace bvo and added to a variety of flavors including orange, citrus cooler, lemonade and the powder form of glacier freeze. it's not being removed from all of pepsi's brands. currently you can find bvo in regular and diet mountain dew and including coca-cola's powerade, as well. carol? >>

alison kosik live at the new york stock exchange. near you there's a breaking news story going on in new york city. there's been a ferry accident at pier 11 down by wall street. the ferry ran into a dock. 12 to 15 people are now injured, according to our affiliate there, one person suffered a head injury. as you can see, people are getting taken off the ferry on stretchers. emergency crews are on the scene. don't know why that ferry crashed into that dock, because it must have been a massive collision for all those people to get hurt because that's one big boat. when we know more about the breaking news story we'll keep you posted. >>> now is your chance to talk back on one of the big stories of the day. why the secrecy surrounding guns. all of the major players are showing up at the task force meeting with vice president joe biden today except for walmart, a major gun retailer. it seems they're busy. walmart told us "we take the sale of firearms very seriously and are committed to the responsible sale of firearms. we were invited to

alison kosik at the new york stock exchange. us for the senate hearing on gun control, scheduled to get under way in just about 15 minutes. we'll have extensive live coverage for you. ♪ alright, let's go. ♪ shimmy, shimmy chocolate. ♪ shimmy, shimmy chocolate. ♪ we, we chocolate cross over. ♪ yeah, we chocolate cross over. ♪ [ male announcer ] introducing fiber one 80 calorie chocolate cereal. ♪ chocolate. >>> humans were made to make things, that's why we have thumbs. we've gotten away from making so much, there's that instinctive drive to create. i like to think that tech shop helps rekindle that in people and get them back to being makers. there are so many things that come out, it could be little tiny things, it could be big world-changing things. all the things that people do here really just light me up, really excite me. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. let's see if walmart's low price guarantee can make yo

alison kosik is at the new york stock exchange. >> this trip was shrouded in mystery but now at leastknow the official reason why the google chairman was there, it was to further his agenda for internet freedom around the world. we are getting a few details of the trip. he met with students at kim il-sung university in the capital pyongyang where computer science students show off their web surfing skills. schmidt believes in the ability of the internet to empower citizens living under oppressive totalitarian governments. i bet he didn't pitch it that way on his trip but here is what schmidt said to some of his reporters in china. >> as the world becomes increasingly connected, their decision to be virtually isolated is very much going to affect their physical world, their economic growth and so forth and it will make it harder for them to catch up economically. we made that alternative very, very clear. >> now so it looks like he was trying to make it an economic appeal, carol, to the north koreans. he didn't meet with north korean leader kim jong-un, but the state-run news agency in

alison kosik, thank you, my friend. happy new year. >> reporter: sure, you too. >>> besides talking to people in the diners, we're also collecting your thoughts online. if you want to see what a lot of your fellow americans and those who live here feel about this, go to cnn.com. you can hear the reports to washington. there's some doozies in there. >>> the fiscal cliff is somewhat set. now it's up to the house to give the thumbs up or down. leaders are expected to meet at 1:00 this afternoon eastern to set their strategy on the senate deal. also talk about maybe having a vote. cnn's white house correspondent brianna keilar joins me now. talk to me about what we expect from the republican-e led house about taking up this measure. does the white house know anything about the plans over at the house? >> i think right now the white house has its eye on what comes out of this conference meeting that john boehner has with his republicans. this is what we're watching and this is what's going to tell us if there's a vote today.

alison kosik is here to tell us how good it it is. good morning. >> reporter: good morning, coral, ford posted a 54% rise in profit in the final three months of 2012 so that tops expectations. you look at sales especially in north america they jumped but europe continues to be a big problem for the company, in fact ford's operations there are actually posted a loss which when you think about it not so surprising when you consider the region, it's been dealing with the debt crisis for years now. the company has announced plant closings and job cuts to stem the bleeding in europe, which has hit the other major automakers as well, but we talk about this a lot when we talk about earnings, what everybody sort of looks at is what is going to happen going forward and because it's more important than what just happened and the outlook for ford at this point is very good even with issues in europe hanging over their heads. fort is expecting north american profits to continue to be strong especially with the new model of the f-150 coming out, i

alison kosik on the floor there of the new york stock exchange.one checking their 401(k)? great news, right? >> it means your 401(k) most likely is doing pretty well, considering. but it is not just the dow that is reaching these record levels. the s&p is getting pretty close as well. but let's stick with the dow for a moment. i want to show you the roller coaster ride it has been on. you look at the dow in 2007, that's hwhen it reached the hig, but it plunged to 6500 in 2009. that is a free fall because the economy was in a free fall. we're back to these -- close to the record levels. why is this happening? for one, the fed has a lot to do with it. the fed, the federal reserve, is pumping $85 billion into the economy. it is buying up mortgage-backed securities, buying up treasuries every month, pushing interest rates lower. it is pushing bond rates lower which means investors aren't so interested in investing in bonds, if they're not going to make must have money. whe where is an investor to go? right here to the stock market. that's one reason w

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alison kosik, keep us updated. sure appreciate that. >>> and we're going to give you the updates when alison gets them and as we get them from the ntsb if they have them. bright students are getting lost in the shuffle. and administration's work gets more complex every year. when you look at these issues, do you see problems or opportunities? with an advanced degree in education from capella university, you'll have the knowledge to meet these challenges and make a difference in the lives of students. let's get started at capella.edu. i've got two tickets to paradise!l set? pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fifteen minutes could save you fifteen percent or more. [ male announcer ] when diarrhea hit

alison kosik at a diner in new york.imagine if you talk to folks they are really frustrated with this thinking, why would you wait until the very last minute? this is something that impacts all of us. what are they telling you? >> reporter: there are lots of opinions, yeah. we're in new york city where people don't hold back their opinions. what happen's great about the diner, we're getting opinions from across the country. liz here from maine all i have to do is say the words fiscal cliff, what comes to mind? >> it's not a cliff, it's a slope. >> reporter: meaning? >> it's not a huge deal. it's not going to be like this disastrous event. it's just not. it's not going to affect me06u personally. i'm a graduate student. i get paid by state of indiana for my assistantship. it's not going to affect me. it's not going to affect a vast majority of americans. >> reporter: how do you think negotiations are going? there as far as i know, they're not happening. i don't know. >> reporter: how does that make you feel? you vote. you

alison kosik is at the new york stock exchange so is apple shaking? because we know what its earnings report was. >> apple is kind of quivering a little bit this morning. i tell you what that iphone 5 is going to back so passe, carol. get ready for the smartphone wars, they heat up this spring. there are reports samsung is going to be unveiling the galaxy s4 in late march, early april and the latest apple rumor is that the next version of the iphone could hit the street as early as june, either called the iphone 6 or iphone 5k. blackberry 10 coming out next week, expected to shake up the smartphone sales to businesses. the competition is getting fierce while apple is only getting a small piece of the smartphone pie. screen size is really going to become a key battleground on the consumer front. the gallon ax i-s4 will have a bigger screen on the s3 and apple could go for a bigger screen. possible explanation for why apple cut the number of screen orders for the iphone 5 so there are a lot of rumors out there but sometimes where there's smoke there's f

anheuser-busch let his contract run out at the end of last year. >> alison kosik reporting live from new york this morning. >>> on staten island another grim milestone in the devastation of superstorm sandy. city crews are tearing down the first of 300 homes damaged beyond repair. the middle aged residents who watched part of their childhood disappear. >> devastating. i'm devastated. i'm heartbroken for my sisters, for my mom who has got no place to come back to. >> i'm not good with this. this is my childhood. i moved in here at 4 years old. i grew up in this neighborhood. >> today on capitol hill the house takes up the remaining $51 billion of sandy relief aid but, as you might expect, the vote will not happen without a fight. senior congressional correspondent dana bash is in washington with more. good morning, dana. >> good morning, carol, it will not happen without a fight but the headline is even according to those who are very much against passing this aid without offsetting it with other spending cuts is that they do believe it will pass at the end of the day and end up at th

the job market is just treading water. >>> alison kosik new york the economy is adding jobs, but that's the good news ends. the government's latest jobs report shows the u-s added 155,000 jobs last month. enough to keep up with population growth. and the unemployment rate held that's pretty much in line with what economists expected. the private sector was the driving force behind in health care, food services and manufacturing growing. hiring in - partially because of rebuilding after hurricane be taken with a grain oftime factors, like the storm jobs this time of year. despite that, there's a lot report. basically, the labor about 1-point-8 million jobs were created in 2012. that's the same as in 2011. wages more than 12 million people >>> while employers may be hiring, there's another big problem with the job market. those considered hopelessly that's an over overlooked number. three-and-a-quarter million americans want a job but haven't they've apparently given up they're not counted as part official unemployment rate. >>> the sales of chevy's electric cars are up.. g-m sold more th

alison kosik has more on just how many americans don't have paid sick days.office memo - stay home from work if you feel sick. but as many as one in three americans can't take their bosses up on that offer - /ppbecause they don't have paid sick days./ppthe bureau of labor statistics says around 80% of full time workers get paid sick days while only 25% of part time workers do. /ppthat means almost 41 million americans can't afford to stay home when they're sick-- which puts everyone else at risk. /ppin fact, the american journal of public health says an additional five million people were infected with flu symptoms in 2009. mainly because they caught it from a co-worker./ppadd it all up, and the seasonal flu can get quite costly. /ppthe center for disease control estimates a typical flu season costs businesses about 9 to 10 billion dollars in direct costs. things like worker hospitalizations, outpatient and emergency visits, medication./ppand that doesn't even count indirect costs like lost productivity and sales./pp so while providing sick days may seem too

alison kosik is at the new york stock exchange. this sounds like music to my ears.e. >> carol, what this does is create standards for what the bureau is calling a qualified mortgage. here is some of the criteria. if you are looking for a loan, you have to have enough income and assets to repay the loan. you have to show proof of employment, afford the monthly payment along with all associated costs of owning the home and that includes property, taxes and insurance. the lender has to consider other debts you have like student loans, car loans and credit card loans. it sounds like common sense stuff lenders should have been doing all along in case you are looking for taking out a loan. this starts on january 1st, carol. >> what happens to lenders that don't follow these rules? >> their feet could be held to the fire. borrowers can sue the bank if they give you a loan you can't pay back, only if you have an unqualified mortgage. the onus is on the bank to get a loan. if an unqualified borrower is approved. that cob the lender's fault. they could put themselves in legal

alison kosik is live at pier 11 near wall street. the commuters coming into the financial district. >> reporter: what a scary ending to a ride that started in new jersey. this was a ferry that started at 8:00 a.m. out of the northern tip of new jersey and coming into here to lower manhattan. supposed to come in at 8:45. you can see where the ending happened. the huge gash in the hull is amazing. investigators are taking a look around including crime scene investigators. when the boat came in this is what the new york city transportation commission says happened. it appears that the boat tried to dock at a first dock, dock d and then missed it and hit it rather and then hit a second dock, a dock b and made what the commissioner calls a hard landing. if you talk to passengers they'll call it a crash landing. 57 people were injured, two critical. some of the passengers that we spoke with said they were flying through the air. one woman i talked with said she remembered only flying through the air and waking up on the ground and a woman

we asked cnn's alison kosik, what's going on? recent quarter. it sold almost 23 million ipads in three months. and it even sold 12.6 million ipods. so that's really nothing to sneeze at. but wall street clearly was unhappy with it. that's why you're seeing how the shares ended today, more than 12% lower, because part of it is the old mantra, buy low, sell high. and part of the reason why you've been seeing the stock price fall since september, is because for many investors, they bought shares when they were lower and they wanted to take a profit before those higher capital gains taxes kicked in at the beginning of the year. now, what's happening today is investors are choosing to get out of the stock now, because competition is becoming more of a factor. >> also today, both at&t and verizon announced record iphone sales in the fourth quarter. we'll be watching that closely tomorrow. >>> in chicago today, a judge sentenced a pakistani american man to 35 years in prison for helping with the 2006 mumbai terror attacks. david headily

alison kosik at the new york stock exchange.le need to think about earnings four times a year it's like your kid's report card. this is your portfolio's report card. >> reporter: yeah, expectation here isn't terrific. watching for earnings to roll in after the closing bell today. this is for the months from october, november, december, 2012. already, some groups are coming out saying look at s&p 500 companies the broadest index, those concernings will rise 3.3% in the fourth quarter. it's not terrible. but it's not fantastic either, especially when you compare how earnings did from the fourth quarter of 2011 when earnings were up more than 8%. funny thing is, some are calling the fourth quarter kind of a throwaway quarter because there are too many factors going on. it's an earnings season that comes with a lot of excuses, that companies can use for showing weak results and that includes the impact of hurricane sandy and all of that caution ahead of the fiscal cliff. what you may wind up seeing the focus is going to be less on t

alison kosik is in new york.ckman runs a hedge fund, he has a big beef. he says it's a pyramid scheme, a fraudulent company. he laid out his case in a big presentation last month. herbalife, the basic idea is salespeople sell the products, they recruit new members and get a portion of those sales, but ackman spoke to cnn money and says it's about more than selling the products. listen. >> what think really sell and what their distributors make money from is by what they call a business opportunity. the business opportunity is to sell the business opportunity to your friends who sell the opportunity to their friends. >>> keep in mind ackman's hedge fun is invested in herbalife. he shorted the stock, meaning he's betting $1 billion it will fall to zero, but ackman does say if the stock falls and he makes a billion, he'll go ahead and donate that money to charity, but herb alialife i. and we have more of the interview on cnnmoney.com. >>> a new york paper names names and finds -- why one lawmakers in nearby new jers

i'm alison kosik inn coming up... the stomach virus that has some experts on edde. vitaa tips thht will help you overcome the virus. and... he big rally ffr the the place to send our heroes d - off the new orleans. you're waaching fox 45 morning neww.. all local.. all morrnig. 3 the "stomach bug" is preading again in the u-s.if someone you know is suffering from severe uppet stomach, iarrhea and fatigue, it ould be a case of "noro-virus".lisa syyvester explains whh this illness is a bit touuher than your standard flu. flu. the norovirus -- you might have heard of it efooe. there haveebeen several major ouubreaks on crrise hips in reccnt years. the norovirus --in llymanns terms - is a stomach bbg. we are at thhe height f a new season with a new strain.the norovirus is spread through food or drink that has been contaminated.you can also get it if you tooch a and then put your hand to your abbominal cramps, vomiting, it hits you all of a suddenne..- it's expllsive. "it'ssvery eppddmics of it. other than le cleaning the areas, there's not a whole lott pople can do about

i'm alison kosik in new york. -3 3 coming up... some fitness experts are going gaga over "goga". the new workout... thatt doesn't iivolled anyywork. 3 news.. all local.. all morning. - 3 ((breakk3)) 3 workinggout without the work. sound like a ream come true? "goga" say they're seeing &presults. jennnferrleslie has details. 3 &p3 (nats)karin holben considers herrelf a skeptic, but she is sold on a new kind oo wookout. "i ttink i've missed one dayy feel amazing."she's become a 33 metrooatlaata that's dedicated to goga, which ssands forrget on, get active.the key is thhi "as the platform moves, it throws your body off balance juss a littleebit so youu muscles contract, so you get about 4 o 6-thousand muscle contractions in a 10 minute session."it's designed to produce the samm results s f &pyou spent an hour at the gym, with an emphasis on toning and strengthening."the biggest part for me which totally thrilled me was i lost an inch off my hips and my waast and my chest, in a monnh."and that'' not all. clients told us goga gives them mmre energy 3 better at night."your circulation

alison kosik, gosh. >> just the little details, you know, like the spending cuts and debt ceiling debateou're still the most adorable person on wall street, in my opinion. >> you know what's funny is there's one analyst who says congress has all right done the the debt limit -- the day they're rallies, but this is on the back of their minds. >> good to see you. happy new year. >>> how big a rally will we see? we'll keep an eye on the big boards, and we'll be right back. zinchts i'm the executive chef in new jersey. >> ear rick levine got off to a rocky start on the food network's "chopped," but the fact he showed up to compete defines resilience. >> the night before i had chemo radiation treatment and i had six to eight months to go. at that moment it was like a light bulb went off. it was, wow, look at the tunlts that i have. most people would give their soul to have what i have. >> eric survived the chopping block and won $10,000, but more importantly he's survived cancer five times. he was first diagnosed when he was 29 years old. >> after i had had cancer for the fifth tide, i wanted

>> alison kosik we hear you loud and clear.hank you very much for us now from new york. >>> what about the rest of the world, the foreign markets have been open for hours so what are global investors saying? let's go to cnn's richard quest for that. good morning, richard. >> good morning, john. lunch time in europe, just coming up to 1:00, 2:00 in london and central europe and the markets are extremely cheerful, i'll run around, up 2.5 in london, about the same in paris and in frankfurt and the reason is just sheer unadulterated relief that the worst didn't come to pass. as i was saying to you last hour it's borrowed time because no sooner does any analyst tell you how pleased they are that the cliff didn't happen, they immediately go to the other side, ahh, but there's still the twin peaks of debt ceiling and budgets and spending cuts to come. >> richard, at a minimum, i'm glad we can give you a happy lunch. richard quest in london this afternoon over there, thank you. >>> let's talk to one of the analysts to see is relief on

alison kosik is digging in to those numbers for us, so let's start with goldman. >> okay, actually, let's start with jpmorgan. >> okay. >> because jpmorgan's going to catch your ear because i know you'll like that. you know that ceo jamie dimon had to take a huge pay cut, but besides that the company posted solid profits. jpmorgan made a profit of about $5.7 billion in the final three months of 2012, that's up more than 50% from a year ago. now, if you look at banks overall, they've actually outperformed the broader market in the last year. you look at what the kbw index is up 30% in 2012 compared to the s&p which was only up 13%. do you know what's driving the banks? the housing market recovery. certainly saw it with jpmorgan. new mortgages totaled $1.6 billion, up 60%. the company slashed the amount of mon it holds in reserves to cover bad loans which means credit conditions are improving. as for jamie dimon, he is paying the price for last spring's trade gone bad in london, the infamous london wale trade that cost the company more than $6 billion, those were trades that were making big

. >> let me bring in alison kosik there for us at that pier in new york. alison, i heard your team just spoke with the president of the ferry company. what did they tell you? >> reporter: yeah, the president of the company said the captain who was at the controls has been with sea streak for ten years, that he is actually a senior captain, that he's concerned about these passengers who were injured in this -- in this crash because he knows a lot of them. he's been doing this for many years. you showed that picture before, but if a picture really tells a story, it really is that huge gash in the hull of the sea streak wall street. right now, on board, coast guard investigators are there, crime scene investigators are doing measurements, they're trying to figure out why this vessel crashed into the dock. if you ask the new york city transportation commissioner, this is how she puts it, she said it appears the ferry tried to dock at a first slip, missed it and actually wound up hitting it and then wound up hitting a second dock. and that is the sort of abrupt

alison kosik, thank you very much.ten things you need to know when buying a home. >>> apple shareholders, they are eagerly waiting to hear how that company explains a 30% drop in stock prices in september. the first quarter earnings report will come out today. we're live from silicon valley in a minute. >>> and there are apps for everything. restaurants, parking, even for apes. not apps about apes but for apes. how zoos are teaching apes with apps. >>> but first, if you're looking to save money in the new year, there are six items you will pay less for in 2013. cnn's money team has found that flat screen tvs, solar energy panels, and ultrabooks are a good deal right now. we'll explain why and what the other three deals are straight ahead. clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. plays a key role throughout our lives. one a day women's 50+ is a complete mu

alison kosik, we'll be watching closely.o much. >>> and we have spent so much time talking about the big economic issues, of course. just mentioned fiscal cliff, taxes, deficit. but items we all use every day going to cost a little bit more this year. and that will certainly get our attention. with that, here is christine romans. >> here's what you can expect to pay more for in 2013. you probably already noticed your grocery bill is rising because of the drought last year. gra grains like corn are more expensive and that affects everything from cereal to snack food and feed for live stock. meat prices will rise win 3% and 4% this year. moving higher, rent prices, rental rateses remore than 5% in december compared with a year ago. more people are choosing to rent instead of own and that means landlords have the upper hand. >>> shipping costs will rise by about 4% on average, that's according to cnn money as the u.s. postal service struggles with its budget problems. the cost for stamps is going up by one penny on january 27th

alison kosik has more. >> reporter: the challenge, prevent another meltdown to the financial system.ow? reform the way wall street does business. but the debate over wall street reform comes down to paperwork. regulation. president obama wants a lot of it. he says we need new rules and regulations put in place during his first term to hold wall street and the big banks accountable and protect consumer and the u.s. economy. >> after all we have been through, i don't believe that rolling back regulations on wall street will help the small businesswoman expand or the laid off construction worker keep his home. >> reporter: republicans in congress want to cut obama era and even bush era regulations which they dismiss as unnecessary red tape. two laws are at issue here. dodd-frank and sarbanes-oxley. dodd-frank is the signature financial reform of president obama's first term. it set up the consumer financial protection bureau to write new rules to prevent fraud and unfair lending practices and put limits on banks deemed too big to fail by monitoring threats and stopping another financial

alison kosik, thank you.ow about this story, this teenage mother, she gives up her baby for adoption, for 36 years, had no clue what happened to her until now. >> oh, my goodness. >> their emotional reunion and how they got here is next. [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, men with low t have androgel 1.62% (testosterone gel). the #1 prescribed topical testosterone replacement therapy, increases testosterone when used daily. women

alison kosik is here with a market check. week two. give me the news. how are we doing today?> stocks having a tough time picking up momentum today, despite, you know, 2013 getting off to a pretty good start. friday we saw the s&p 500 close at the highest level in five years s. the momentum going to stick around? investors are expecting a rocky month ahead. what will happen with the debt kreeling in a couple of months? anything like what happened during last summer's negotiations, and when, of course, the u.s. -- when the u.s.'s credit downgraded, we could be in for the roller coaster ride for the markets again. fourth quarter corporate earnings season begins tomorrow and investors are going to be paying close attention because the fourth quarter reports wrap up the year and investors of a clearest picture of how they did and whether or not the fiscal cliff anything to do with the company's results, as well. ashleigh? >> more of the fiscal cliffs, to come, as well. >> of course. >>> we also want to keep an eye on -- well, check out cnnmoney.com. we have constant reporting and

let's head to the new york stock exchange and check in with alison kosik. yesterday, we had bad news about the gdp. and today, we may hit 14,000, what's going on? >> well, not to throw cold water on this whole dow 14,000, but i'll go ahead and do nap because i talked with one trader, carol, who says he's not optimistic that we'll hit that 14,000 mark anytime soon. he actually thinks stocks are going to pull back even more. remember, that's one opinion. tomorrow could be one deciding factor. that's where we're getting the monthly jobs report for january. if the gain is what's expected or more, you could see it catapult to 14,000. >>> "cnn newsroom" starts right now with ashleigh banfield. >> thank you very much, carol costello. nice for having you with us today. hi, everybody, i'm ashleigh banfield. it's 11:00 on the east coast. we've got a very busy hour. we want to start with you in alabama where a 5-year-old, special needs boy is still being held in an underground bunker by an old man whose got a gun. >>> and in washington, at this hour, president obama's

alison kosik with what happened. >> hi, brooke. you may have seen this one coming.ince twitter launched its new sharing app and already vooine has a problem. you can share six-second video clips. but pornography isn't prohibited and allowing sexually explicit videos to run rampant. simply searching brings up countless results, but it is not like this is a new problem. twitter is known for being a big proponent of the free flow of information and not cutting down on pornographic images in the past. the issue has many in the tech industry questioning how long vine can stay alive and apple's app store if this isn't addressed since apple is very clear that pornographic material is not okay. brooke? >> alison kosik, thank you. >>> coming up next, why all these years later we are hearing the parents of jonbenet ramsey were close to being indicted in their daughter's death. we're on the case. >>> plus, an inmate escapes jail not once, but twice in this past year and the way he escaped is stunning police. >>> the secret has been uncovered in this cold case that transfixed t

alison kosik is taking an in-depth look at how we got there and why it is important to do something abouting the national debt. just a few steps from the billboards of times square is a billboard of a certain sort. the national debt clock. new york real estate developer seymour durst set up the first debt clock in 1989. >> when my father designed the clock, the debt was about $2 trillion. he would be shocked that we're at this number today. >> reporter: last year, the federal government spent $3.6 trillion, but it only took in $2.45 trillion in revenue. it borrowed the shortfall, about $1.1 trillion. that's the deficit. the accumulated annual deficits or shortfalls plus interest make up the national debt. that's more than $16 trillion today. the debt had run up under republican and democratic presidents and congresses. both have had opportunities to tackle it, but it's never politically palatable. president obama formed this simpson/bowles commission, headed by simpson and erskin bowles to cut the debt by $4 trillion over 10 years. critics say president obama has all but ignored it. commi

alison kosik has more on how much we wiil see missing from our paycheccs.didn't raise income in this week's fiscallcliff deal, but most f the nntion's 160 illion workees will still be takingghome smaller pay checks this year. that's because the payroll ax cut expirrd on monday. so now,, more in payroll taxxs. the payroll tax -- which funds temporrrily lowerrd tt four- point-two percent in 2011, percent. and the idea here was to give workers a littleeextra money inntheir aychecks, in &pan effort to boost the pccoomy is doing better, and congress is trying to get spending in check, the payroll tax returns to six-point-two percent. so here's how that breakk down: orkers making $50,000 a year will pay an ppyrrll taxes this year. that'' a 38-dollar reduction in pay on a bi-weeklyy paycheck. and the bigger the payyheck, the bigger the bite. someone makiig $100,000 will pay an extra $2,000 dollars a yyar. the concern is, that reduction could affect people's spending habits. and the timmng isn't good. already taken a it ecauue of concerns about the fiscal cliff ann