we continue right now with alison kosik and victor blackwell. gee i checked out a different grocery store earlier and that's what they asked me, if i was preparing for the end of the world. >> the cold is blamed for road accidents and a dozen deaths n some places, windchills may drop to 50 below. >>> what is the definition of death? the case of gentleman high mcmath to be dead on who gets to say who is not alive and what determines that judgment? our debate ahead. >>> imagine driving down a major highway only to see this fall out of the sky. the plane that made an emergency landing in new york and the miraculous outcome. your new day starts now. >>> good morning, i'm alison kosik. >> i'm having tore blackwell. pleasure to be with you this morning and every morning it 18:00 on the east coast. this is new day sunday. let us help you right off the start. >> let's help you plan your day. >> yeah. if you don't have to go outside, do not go outside, because temperatures, the likes of which we have not seen in decades, are about to grip much of the uni

i'm alison kosik. >> i'm victor blackwell.that half, stay in and stay warm. if you are in the other half of the country, you are lucky. 8:00 on the east coast. "new day saturday." >> that is the story for tens of millions that got walloped from the deadly winter storm. >> as much as two feet of snow and bitter temperatures. as cold as 23 below in new hampshire. >> the storm also being blamed for seven deaths, including an elderly woman in pennsylvania who wandered away from home. >> and travelers with major headaches. cars stuck in their tracks and flights cancels. more than700 today. >> in the next few day, almost half the country is expected to plunge into bone-chilling cold like we have not seen in more than a decade. >> we have pedram javaheri here with the arctic blast in the weather center. we have margaret conley with us. i want to go out to you to see how the conditions are. >> reporter: it is 2 degrees in sayville. it feels like2 degrees. this is what happened overnight. this is an icicle that we tore off a store fron

alison kosik many thanks. still to come. do you believe chris christie's apology.too much about him and not of the people of new jersey? our political panel will weigh in next. [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. ( bell rings ) they remwish i saw mine of my granmore often, but they live so far away. i've been thinking about moving in with my daughter and her family. it's been pretty tough since jack passed away. it's a good thing you had life insurance through the colonial penn program. you're right. it was affordable, and we were guaranteed acceptance. guaranteed acceptance? it means you can't be turned down because of your health. you don't have to take a physical or answ

let's go right to our alison kosik at the new york stock exchan exchange. why did the stock take a dive? >> maybe it was the biebs. there's a report, jake, out of china showing a much weaker manufacturing in china and china matters to wall street because it's one of our biggest trading partners. so if china isn't doing well, that affects us. also, wall street is knee-deep in corporate earnings. investors are asking if the higher prices that we're seeing on the board are warranted considering what kind of money investors are thinking twice and they are selling. the reality is, wall street especially on how much revenue these companies are bringing in. jake? >> alison, i understand there was good news today, especially for a company that you and i talk about and cover a lot on the show. netflix. >> netflix. we talk about the popular house of cards coming out, by the way, season 2 coming out on netflix. meantime, netflix is quickly becoming the darling of wall street. shares jumped 16% today. the movie-streaming company reported earnings after the "closing bel

alison kosik is joining us now with the latestdevelopments and yet another hack. >> this hacking groupnfo. they put up a website saying happy new year. we installed the user names of the 4.6 million viewers on snapchat and have their phone numbers and now a database for anyone who wants to download he that information. they have your phone number. when you register forl%'ú snap you put in your phone number and it can go in anyone's contact file and they will know you're on snapchat. this group says it's doing it to raise awareness a loophole in snapchat and allows hackers to get in there. this hacker group is saying security and privacy shouldn't be a secondary goal. they put out a statement saying the company wasp9r& too reluctat patching the exploit until they knew it was too late and companies we trust with our information should be more careful when dealing with it. interesting. the rumor has been out that this loophole has been available on snapchat. in fact, snapchat had its own statement around8?rvñ christmas the rumors were flying and they said over last year, we have implemen

alison kosik is cold on long island. just like me, alison. how are you doing today? >> reporter: yes. cold as you said. what's funny as we sit and report about this snow, many people say, look, it's winter, it's supposed to snow. but the storm that moved through here was doozy. it dumped anywhere from 6 inches to more than a foot of snow here on long island. the good news is that it left behind really good snow to play with. the light, fluffy kind, not the heavy, mucky, wet kind. this kind you can actually make little snowballs and have some fun. the bad news is, yeah, sure, the storm has moved out but guess what it left behind. brutally cold temperatures. right now it's 13 degrees. feels more like 4 below zero. as the sun goes down, even as picturesque as this picture is, it's going to get a lot colder. whatever snow has, quote, melted is going to refreeze and make the roads very, very icy. let's go to the skies and talk about the airlines with my colleague margaret connolly. hey, margaret. >> reporter: thanks, alison. it's a very different picture here at laguardia

alison kosik, thank you so much. and thanks for watching me. i'm carol costello." after this. if you wear a denture, take this simple test. press your tongue against it, like this. it moves! do you feel it? it can happen with every denture. these movements may irritate your gums. but you don't have to bear with it. you can try fixodent plus gum care. thanks to its formula, your gums become one with your denture. this helps stop movement and helps prevent gum irritation so you can keep enjoying life. [ apple crunches ] fixodent. and forget it. >>> right now atlanta digs out. and the blame game heats up. who's responsible for the chaos created by two inches of snow and ice? also, right now keeping the super bowl safe. why the biggest security challenge may lie miles away from where the game will be held. and right now jeb bush talks about running for president in 2016. and about why he says his mother needs to think more before she speaks. >>> hello. i'm wolf blitzer reporting from washington. icy roads and heated exchanges today in atlanta. the mayor kasim reed and

you've got a couple hundred miles north to long island, with alison kosik joining us. alis alison, the snow looked like it came pretty fast. it didn't take any time before people got hit. >> reporter: oh, yeah. and you know what, the good news is, the storm has moved out. what's left behind practically clear skies, beautiful sun. but don't be fooled. it is bitterly cold out here. 10 degrees. the real feel, 9 degrees below zero. here's the thing. the snow looks really pretty, right? this is the snow you like to go sledding in. guess what, underneath it is a nice thick sheet of ice. very, very slippery. not just to walk, but also on the roadways. behind me here, this is one of the main highways that goes through long island. it's moving pretty well along there, but, you know, once again, don't be fooled. when the sun goes down, that road is going to turn to ice. and one more thing. i think we're stuck in a deep freeze here for a while. so suzanne, i don't think this snow is going to be melting any time soon. good day for kids, though. most of the kids here on long island

i'm alison kosik. >> and i'm victor blackwell. things we're watching for you this morning. >> number one, bitter cold and snow blanketing 28 states and even the animals are getting in on the action. about 100 million people are still feeling the effects of a blizzard that dumped two feet of snow in some places, and now a dangerous arctic blast is set to rip through half of the country. and depending on where you live, it could be colder than in a decade. >>> the chinese ship that sent a helicopter to airlift passengers off a icebound vessel in antarctica, it now itself is stuck in the ice. the australian authorities say the crew aboard the chinese icebreaker plans to break free from the thick ice sometime today. an australian icebreaker is transporting the 52 rescued passengers to australia after finishing a resupply mission. >>> this morning, the fighting in fallujah and iraq, intensifies after an attempt to regain control. seven people were killed and 31 wounded. the fighting is between al qaeda-backed militants and the iraqi se

alison kosik is there.. >> reporter: stocks are 0-3 and today not looking good either the dow is looking for a big dip when the opening bell rings in about 20 seconds. this would add to yesterday's 176 point selloff. this is happening overseas as well in asia and europe markets there down more than 1%. this has been the trend so far this year. makes you long for those memories of record breaking days last year and it's happening for a few reasons. one, concerns about china. there was a report this week that showed manufacturing over there slowed and the u.s. not looking so hot either. also, the fourth quarter earnings that are coming out these days are underwhelming and from some big name companies like verizon, johnson & johnson, ibm and citigroup. wall street had high hopes for fourth quarter earnings season but this week started dialing back the expectations because of this overall weakness. thinking is if corporate america doesn't do well it won't hire people, won't spend money won't help the economy gr

we continue right now with alison kosik and victor blackwell.ee i checked out a different grocery store earlier and that's what they asked me, if i was preparing for the end of the world. >> the cold is blamed for road accidents and a dozen deaths n some places, windchills may drop to 50 below. >>> what is the definition of death? the case of gentleman

alison kosik is in the new york bureau. good news to start a new year. >> it is good news to start the new year, what it basically shows is layoffs are slowing. the trick is we want to see more jobs being offered out there, more hiring going on. for that we look to the big cahuna, the government jobs report. that comes out a week from tomorrow, january 10th, the forecast is for 190,000 jobs created in december. in november the economy generated 203,000 jobs. december's unemployment rate is expected to stay at 7% but that 7% is still very high by historical standards this late in an economic recovery and that's the reason there's so little pressure for companies to raise wages at this point and also gives workers very little bargaining power and without more job opportunities and stronger growth in wages, the economy could be stuck in low gear for longer, but sooner or later, economists say companies will have to add more workers as demand continues to grow, most companies can't get production from current employees without

alison kosik has more on the drop. y, alison. >> reporter: hi, victor and christi, stocks ended with a huge thud. there was a sea of red. the dow plunged almost 3%. it was the combination of an especially brutal week in which stocks fell every single day. in the end major averages lost 1% to 3% each. it also circled the clob hitting major markets in yash and europe. friday, the big issue was a selloff in currencies in emerging markets. currencies in argentina and turkey plunged against the dollar. amid new concerns with the federal reserve ending its stimulus program. that stimulus has been giving economies around world a boost. china economy is slowing down, an economy that has been growing at a solid pace. and then here at home, worries about corporate america added insult to injury. big names like verizon, ibm and johnson & johnson reported earnings that disappointed the street. the thinking is, if companies aren't growing well, they won't grow and invest. investors went running for the exits. and the pace of selling

alison kosik looks at what's killing the bull market. >> hi, fredricka. stocks ended with a huge thud on friday. there was a sea of red air rrron the board. the dow plunged almost 2 percent. a culmination of a brute many week in which stocks fell every day. in the end, the major averages lost 1% to 3% each. selling circled the globe hitting major markets in asia and europe. friday the big issue was a sell-off in surnlt currencies in emerging markets like argentina and turkey saw their currency plunge against the dollar amid new thoughts about the u.s. ending a stimulus program. giving economists around the world a boost. that's not all. wall street got slammed about concerns are china's economy slowing down. an economy growing at a really solid pace. here at home, worries about corporate america added instault to injury. big names mei like verizon, ibm and johnson and johnson reported earnings that disappointed the street. the thinking, if companies aren't doing well they won't grow, high and invest. roll it all together, a perfect storm. investors went r

here is alison kosik. >> filling up was less painful in 2013 than in other recent years.e this year. the national average in 2013 was a little over $3 a gallon. what will drive prices lower in 2014? the ongoing oil boom in north america and increase in refinery capacity here. this increase in production has given the continent the lowest prices in the world for crude oil. now, gas prices did rise in the last four months of 2013. but according to aaa, greater production will mean lower prices in the new year. that should put smiles on the faces of many commuters as they head back to work in the next few days. >> thanks so much for joining us here. happy new year to you. "legal view" starts right now. >> hello, everyone. welcome to new york city. it is the morning after the night before. i know you all saw it. times square was rocking last night. and some of these people might just be waking up this morning. it's officially 2014, and it's january 1st, inas

business correspondent alison kosik is here with what you need to know. let's start with snapchat. >> 4.6 million users accounts were hacked into, we found this out by snapchat db, meaning data base, web info. we hacked in and got your phone numbers and user name and if anyone wants to download all this information, we've got it for you. that's basically what was presented. why are they doing this? snapchat db saying security and privacy should be of utmost important to snapchat. this group feeling that's not happening. basically this group trying to raise awareness that snapchat needs to close these gaps in security. >> they say the company was too reluctant to patch the exploit until they knew it was too late. it was more like a red flag saying this is what's going on, we're capable of hacking. >> meanwhile at skype, a similar situation or a different kind of hack? >> there was a different kind of hack. this was done by the syrian electronic army. it said it hacked into skype's social media account. it hacked into twitter and facebook posting messages. a

of the six big banks to clock in with their corporate report cards by the end of the week. >> alison kosikany thanks. still to come a milestone in diffusing the nuclear ambitions of iron. >> reporter: still strong support on the hill for sanctions against iran which we're told could ruin the entire agreement. more after the break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. it says here that increases at the age of 80. helps reduce the risk of heart disease. keep heart-healthy. live long. eat the 100% goodness of post shredded wheat. doctors recommend it. righyou did a great job. ing 4 times it looks g

this is good to see the stability. >> alison kosik, christine romans, many thanks. to come president obama readies for his state of the union. in a town often weighed down by gridlock the president is vowing to take action. we go the white house this morning. >> reporter: good morning. we learned president obama will lay out his plan to tackle income in equality even if he has to go it alone with executive actions and public/private partnerships. we'll have more on it after our break. it says here that a woman's sex drive increases at the age of 80. helps reduce the risk of heart disease. keep heart-healthy. live long. eat the 100% goodness of post shredded wheat. doctors recommend it. how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going to have to rethink this thing. it's hard to imagine how much we'll need for a retirement that could last 30 years or more. so maybe we need to approach thin

alison kosik is joining me.ught that number was 40 million and now that number has almost doubled. >> right. target is saying it's much bigger. it includes 70 million people. >> wow. >> even worse, the hackers, this is what they got. they got a hold of more sensitive information than the company said before. now target says even more information was stolen. things like names, street addresses, phone numbers. that's on top of the credit and debit card numbers that were stolen. target's business is feeling the business. sales fell between 2 and 6% after target announced the security breach. its profits will also suffer. >> okay. what do i do if i thought i was in the clear. if i wasn't part of the 40 million. i could be the additional 30. what do i do? >> the company is offering free credit monitoring for a year. you have three months to sign up for that and it's going to give more information next week. plus, customer is telling customers, look, you are not responsible for fraudulent charges. companies like chase

that's where we sent alison kosik. sland and maggie lake is in red bank, new jersey. alison, i'm going to start with you. i can't imagine it is a lot of fun for commuters that have to take the l.i.e. into new york city. >> reporter: it does look beautiful. the sun is out. the snow is pure white, gorgeous. the commute doesn't look too shabby at this point. cars are moving along pretty well. don't be fooled because it is icy out here, really uncomfortable. it is 10 degrees. the real feel, 9 below zero. i know the snow looks great here. you dig through underneath, a sheet of ice here. in one of my earlier live shots, i almost fell on my uh-huh just walking on the camera. a great snow day for a lot of kids on long island. many of the schools are closed. a great day to go sledding actually. >> what's the uh-huh, what is that? >> reporter: the back side, baby. >> i thought i was going to be able to get you on that one. be careful of your hinie out there, my friend. we'll scoot over to where maggie lake is standing by in red b

let's bring in our own alison kosik at the new york stock exchange. on, how does this add up, the losses, where they come from? >> wolf, you think about the deep freeze we've been in. and it really hit a lot of places and literally kept people from leaving the house. and that affects the economy. so when things kind of grind to a halt, there is this domino effect. think about it. many people didn't go to work, so that's lost productivity, lost wages. many of us didn't go out to the grocery store or go out to eat. we would rather stay at home and cook. less money for waiters and waitresses and local businesses. trains and buses stopped running. less money for transportation providers like amtrak. no shopping mall, many of us didn't want to go to the movies, either. so weather economist, evan gold, i spoke with him earlier, he says there was such an impact on the economy, because the brutal cold hit so many people. did you know that every state yesterday, wolf, went below the freezing mark? that's hundreds of millions of people. wolf? >> that's a lot of

alison kosik is with me from the new york stock exchange.don't get it. >> there is this long-standing tradition of sorts on wall street. it's called the super bowl indicator. ever hear of it? it's all about which team wins. so basically, here's how it goes. the dow will post an annual gain in the nfc team wins this year it's the seattle seahawks. you may want to root for them. wall street loves stuff like this. there's a lot of predictors that wall street goes about. there's the january barometer that says the first month of the year will predict what house stocks do for the year. on and on and on. so bottom line here, believe in this stuff, go for the seattle seahawks, brooke. >> i can hear bronco fans grumbling saying, this can't be true. i imagine the theory has been tested. how often does it actually happen? >> it's right about 80% of the time. but be careful here, analysts say, look, it may just be a coincidence, it could be random. the biggest implication for your portfolio is how the economy is doing. these days that really depends on

want to bring in alison kosik in new york to talk about it. alison, what happened? we were feeling so good about everything. >> reporter: you know what's interesting, some analysts believe it or not, suzanne, are blaming the weather which held back hiring, they say, or they blame the holidays for this lackluster showing. just 74,000 jobs added in december. this was really a big miss. because estimates are for 193,000 jobs have been added. this winds up being the weakest month since january of 2011. labor department says the weather is partially to blame. sectors like construction saw a drop in employment, and some analysts also saying this report is a fluke. and will most likely be revised higher when the next month's numbers come out. then you look at the unemployment rate. it dropped from 7% to 6.7%. >> right. >> but not for the right reasons. it's mostly because, suzanne, a lot of people dropped out of the labor force, just to give you an idea. 347,000 people dropped out of the labor force. it's the lowest level we have seen in 36 years. so this is a stunning pie

alison kosik joining us from new york. alison, that's a pretty big revision, right?rter: yeah, it's a very big revision, brianna. target is saying this is a new security breach, but new information that it's discovered as this investigation continues. that 70 million customers were affected instead of 40 million. even worse, on top of the credit and debit card numbers and pin numbers stolen, target said this type of information was stolen. names and mailing addresses and e-mail addresses and phone numbers. what consumer experts are saying at this point is what this extra information does is give more options if they are going to try to access money. watch out for the e-mail scams. if someone is watching for information or impersonating target, don't give them information. the fact that they got more information than first thought is stunning because this really sort of leaves the target shoppers really open season on their credit history. >> i thought allison that at first it was as if they got the numbers and the pin data. that was encrypt and that's not going to be

let's go to alison kosik at the stock exchange. why so many losses this week? >> jake, news about the economy and company earnings that have come out all week hasn't been great and today, looking at the dow's worst loss of the year. it plunged below the 16,000 level and we saw bears take control. ar generargentina's peso plungi against the u.s. dollar. they have come to rely on the federal research and other banks around the world to keep exchange rates low. that let them borrow more aggressively. as the economy has been getting better, it's more likely that the fed will make it more expensive for these emerging countries to borrow money from us so what you're seeing today and all week is investors moving out of stocks, riskier investment to say for places like bonds and gold. jake? >> let's hope things are better next week. >>> it should have been a week to remember for governor chris christie, instead it stretched into something that he'd probably like to leave on the side of the road. his speech ignored all of the turmoil and there's the claim that lieutenan

alison kosik joining us from the new york stock exchange. ison, not such a great month across the board so far. why the slide? what does it tell us? >> reporter: what you're seeing, wolf, think of it as setting -- resetting, actually, of expectations. we're coming out of 2013. it was a year where optimism was high. we saw stocks have gains of 20% or more. and it was expected going into 2014 that that kind of momentum just couldn't last. so now you've got some of the stro stronger fundamentals from last year. what's happening, they're not showing up as strong this year. case in point, china. a weak manufacturing report came out of china, and that's worrying the u.s., because china is one of our biggest trading partners. if china is not doing well, the u.s., the thinking is, wouldn't do well. and then you look at the u.s., it's not doing too hot either. we're in the thick of fourth quarter earning seasons, and it's pretty underwhelming for investors. big company names like verizon, johnson & johnson, ibm and citigroup are disappointing wall str

alison kosik joining from us the new york stock exchange. i love this story, alison. start with the good news. >> reporter: yeah, this is a good story. because this is kind of news you can really work with all year. so gas is a biggy on the list. gas is expected to be cheaper this year. i had to do a double-take to look at this. this is after gas prices on the average fell to $3.49 last year to the lowest average price in three years. gas prices expected to keep falling. for a gallon of gas, you'll pay an average of $3.30 today. why is this happening? for one, production is up, cars also getting more and more fuel-efficient. also getting cheaper, electric cars. even mitsubishi cut its price on its imeve. others doing the same. this is because competition is tight, more electric cars getting the market. cell phone service. i couldn't believe this one. that's expected to get cheaper, as well. again, all about the competition. we saw this kind of being battled out between t-mobile and at&t in a price war. both offering big discounts to customers who switch carriers. so e

alison kosik is following all of that for us. >> reporter: hi, victor and christi.treet. here are the top things we're going to be watching. ben bernanke says farewell to the federal reserve. his term as chairman ends on friday. janet yellin is taking over the top spot. the first time a woman is leading the more than 100-year-old bank. but before bernanke leaves he'll preside over one more monetary policy meeting next week. also this week we'll get the economy's report card. gdp will be released for all of 2013. growth might have been hit by the 16-day government shutdown. >>> big-name earnings are out this week. notab notably, am and facebook. wall street always watches to see how many iphones and ipads were sold during the holiday period. >>> wall street will check its crystal ball. it is the final trading week of the month and according to the january barometer, how stocks do in january predicts how they'll do for the entire year. the stock traders almanac says it is right almost 90% of the time. that's what's coming up on wall street. >>> time for "the political

alison kosik here so explain. that's sort of part of it, isn't it? not all of it. >> reporter: it's a huge part, michael and suzanne. we know from our own recession that the global economy is very interconnected. and what happens in one country can have a ripple effect elsewhere. the big selloff in the u.s. and around the world last week happened because of worries of those so-called emerging markets or also known as smaller financial markets. so how does that affect the u.s.? why does it affect the u.s.? our economy, you look at it, it's been improving. that's a good thing. but here's the other thing. it means that the fed is likely to continue pulling back on the stimulus that it's been pouring into the financial system. it's been pumping out so much easy money that these emerging countries like turkey and argentina had gotten in flows, and now slowing down, wall street pulling its cash out of those markets which could wind up making it harder for countries to pay its bills. also interest rates expected to edge higher which means for these countrie

alison kosik at the new york stock exchange with what else investors will be watching when trading opens>> reporter: hi, kyra. it's a big week for apple. the company will begin selling its iphone 5s and 5c in china this coming week after it inked a deal with china mobile. it opens apple up to 700 million new customers but the gadget maker isn't a market leader in china. problem is china's wireless carriers don't subsidize the iphone so it costs $700. still analysts expect apple to get a 20% sales bump this year because of the release. on the economical endcalendar, retail sales numbers from december are coming out. the holiday season expected to have been pretty solid. deep discounting encouraged consumers to buy more. also out this week, reports on home construction, manufacturing and consumer sentiment. finally, remember this guy? one of the most infamous faces of corporate greed is about to be a free man. denn dennis koslowski is tentatively scheduled to be released from prison friday. convicted of stealing hundreds of thousands of dollars, he was known for his extravagant lifestyle.

alison kosik can explain. >> it's a system called wholocracy from the greek word meaning a whole partwhole. holecracy does away with formal job titles and managers, the traditional hierarchy in a workplace and makes employees responsible for several different roles that may overlap with coworkerses. zappos is confirming they're full steam ahead on the system and it should be implemented by the end of 2014. the goal here is to increase accountability. instead of it being you and all your colleagues answering to your boss, you're all answering to one another. there's actually a blog agservice media that's done this pretty successfully. it will be interesting to see if this makes their customer service even better or maybe worse. the company is consistently ranked an as one of the best when it comes to satisfying customers. to make it work, it will be up to zappo's workers to satisfy one another. back to you. >> all right. interesting experiment. >>> champion racer michael shumacher remains in a medically induced coma today after his horrible skiing accident. we're going to retrace the c

alison kosik is joining us with more. the courts seem to say all web content is not created equal.xplain potentially what this means for millions of consumers out there. >> reporter: okay. so let me start with prices. because that's what everybody really cares about at this point. and, yes, prices could potentially go up, because internet companies like verizon could begin charging websites to have access to their network, and if they're charged, you know how that goes. they kind of -- it rolls downhill. consumers could wind up paying costs, as well. this is any site, netflix, google, facebook, amazon. the key with this decision is that internet companies could offer faster broadband to websites willing to pay. think of it -- i don't know, think of it like a toll road. you pay a fee, the snow gets cleared faster, the potholes get fixed faster. if you pay something, you have a smoother ride. one analyst is actually calling this a game-changer, because now the internet is basically an open playing field. websites, they've got the same access to the same network. but because of this r

alison kosik joining us from the new york stock exchange, right now. has a vote to be confirmed later this afternoon, around 5:00 p.m., 5:30 p.m. eastern. i assume she will be confirmed as the first woman to head the federal reserve. alis alison, as you know, this is probably one of the top two or three most important jobs in washington, d.c. she'll have an enormous impact on money, on markets. what's the expectation where you are right now? >> you know, you look at her job, and it's true. it's let literally one of the most important jobs in the world. and when you look at the fed, two main goals. it's supposed to keep unemployment low and keep inflation in check. but now add one more to the list. yellen is going to have to figure out how to unwind the fed's massive stimulus program that's been going on for five years now, pumping trillions into the economy to try to get it moving. what could happen is as she tries to scale this program down, it could lead to higher mortgage rates, is something that not a lot of people are used to, record lows from 8%

alison kosik brings us up to date. >> reporter: a seesaw week on wall street. investors were plagued with indecision. that's because of a mixed bag of earnings reports. and with all that back and forth, stocks ended mixed. the s&p 500 hit a record high wednesday. a rough week for retailers. jcpenney announced 33 stores will close, and 2 soushgs employees laid off. the struggling retail hear been trying to turn itself around for years but is still losing money. meantime, best buy shocked wall street way surprise drop in holiday sheas. taking a 28% hit on thursday. housing, foreclosures dropped to the lowest level in six years. realty track says 1.34 million homes were foreclosed on this as home prices rise and the job market recovers. >>> finally, did your child use your iphone to rack up charges without you knowing it? you could get a refund from apple. apple didn't tell parents the app remains open 15 minutes allowing more purchases to be made. one child made charges of $2,600. >>> that's a wrap of the week on wall street. fredricka, back to you. >> wow. some

alison kosik is following all of that for us. >> a jam-packed week on wall street.e are the top things we're watching. ben bernanke says farewell to the federal reserve. his chair term as chairman ends friday. a woman is leading the board. but before bernanke leaves he will over one other meter. >>> the gdp released for the fourth quarter and all of 2013. if the economy grew at a 3% pace last year, it will be the strongest since 2005. but that could be tough, especially since growth might have been hit by the 16-day government shutdown. >>> big name earnings are out this week, notably apple and facebook. wall street watches to see how many iphones and ipads apple sold during the key holiday period. >>> the final trading week of the month and according to what's called the january barometer how stocks do in january predicts how they're going to do for the entire year. it's right almost 90% of the time. victor and christi, that's what's coming up on wall street. >> alison, thank you. >>> so, just think about it, a week from today, you're going to be in super bowl heav

alison kosik has more on the he lions and wall street.rning. >> reporter: hi, victor and christi. a rough end to a solid year for the labor market. 74,000 new jobs were created in december. the government blames some of the bad weather for the slowdown. meantime, unemployment rate drops to 6.7%. much of that is because people dropped out of the workforce. as for stocks, the market had a bumpy end to 2013 with stocks finishing with modest loss us. elsewhere on wall street, the dealing with fraudster bernie madoff. jpmorgan chase will pay $2.6 billion for not catching madoff's scream. >>> at the consumer electronics trade in las vegas this weeks t-mobile launched a deal to pay customers up to $650 to switch in their current carrier. the cash will cover cancellation fees but customers will have to bring their phone number to t-mobile. >>> and finally there may be something missing from the football this weekend. kraft foods said it's popular velveeta food product is facing a shortage. but the company didn't give a reason why. >> i don't know

alison kosik live at the new york stock exchange. >> reporter: looks like yesterday may have been a oneit wonder. we did get a strong report on the labor market. adp says the private sector added 238,000 jobs in december. it happened to be the biggest gain in more than a year. also november's numbers better than originally reported and the gains last month were broad based. what that means is that they included a lot of sectorst that is a another good sign that jobs being added aren't just in one place. if you look at all of 2013 we have been keeping track of that. 2.2 million jobs added last year. that is not too bad. if you look at what we lost in 2008 and 2009 in two years a little over 8 million jobs. so the number of jobs we gained back in the following four years isn't enough to get back to the high point we are at but is getting close. one economist says good news is businesses are growing more and becoming more and more confident and boosting hiring. we will get a better picture when the government jobs report comes out that factors in private sector employment and public sector

alison kosik is in landia, new york, on long island where they are suffering too. >> reporter: everybodylook, it is winter. it is supposed to snow. the difference is, i think this storm that came through here specially on long island, it really was a doocy. it dumped anywhere from 6 to 12 inches throughout long island. the storm is gone. the sun is out. it is almost picture postcard perfect. it is still pretty icy out there. it is freezing out here. it is 5 degrees. the real feel, it is 15 degrees below zero. it is cold here. the good news, it is a great snow day for the kids. a lot of the kids are off from school. this is the good kind of snow. not the wet, mucky kind. this is the soft, fluffy kind. there are still those that still have to get to work. new york city schools are still opened. we talked to some taking the train in. >> we have more snow here than in manhattan. i thought maybe they would clothclose the schools. they kept it open. i was anticipating the schools being closed. >> i am very surprised, also thought how am i going to get back into the city. the snow is pretty bad

alison kosik is watching this from the new york stock exchange.> reporter: you look at fourth quarter earning season so far. going along pretty nicely and then a couple of companies spoiled the party that missed estimates. the dow made some triple-digit moves. it shows indecision. indecision generally means declines and that's what's happening overall for the market so far this year. the dow is down 1% so far this year. as the opening bell rings we see the dow down 12 points. once again weak earning season, mixed corporate results. stocks caught in the middle. >> let's talk a little bit about iphone because it's a big day for the iphone in china. why is that? >> reporter: it really is a big day for apple because apple had the opportunity right now to sell iphones to 700 million new customers. think about that number. that's twice the population here in the u.s. why so many? the iphone is now being sold through china mobile. that's a chinese provider. before today the iphone was sold by china's smaller mobile phone companies. look even ceo tim cook

control from managing your credit to paying down the rising debt or saving up for your future, alison kosik're going to do is help. we don't want to stress people out. >> we're not preachy. >> but we have pointers to reap rewards down the line. >> we think about our finances this time of year it's also good to start thinking about the future. one thing to think about is come up with an emergency fund and there are a lot of schools of thought of how much will go into this emergency fund. it depends on what you do for a living, how much money you make. some people say they want to put away three to six months of expenses. others want to put away three to six months of what they make in that time frame but it's up to you. you don't want to cheat yourself. lot of financial planners say the emergency fund is for the times when you have a medical emergency, something unexpected comes up. those are easier to deal with if you've got money in the bank. another thing to do is pay down debt and here is an interesting way to do that. financial player alexia von topel said take your card and put it on i