on bets on bets on bets of mortgages so it's it's the you know welcome to it was it was the old joke welcome you know you meet the new boss same as the meet to meet the new bubble crash same as the old bubble crash brought to you courtesy of the hedge funds in the banks toure's we also got a call from a message from a caller about trade policy here is that. my thomas is greg from lake county and trouble for you in watching the big picture sometimes false statements are made of course for instance in your wednesday show one of your guests thought that the us showed the post the trade balance in only about ten years and internet search showed posted balances between about eighteen seventy to nineteen seventy i'm not even sure that this is true thank you tom love your show. yeah thanks for the call . basically we started going trade negative i think in the seventy's richard nixon started the whole free trade thing trying to open up china to you know them in the chinese market on behalf of price of pepsi cola i think was was actually you know pay them off a little and that's my recollect

bets when bad in two thousand and eight it all kind of imploded and so nobody wanted to buy bets on mortgages anymore because you know hate somebody may not pay the pay for the mortgage so now what the hedge funds and come up with is instead of you know having the mortgage to the house let's just have the damn house and so they're buying houses from people who are broke who are big who are underwater who are being you know who with the very same banks are foreclosing on they're buying the houses they're putting them into the rental market so they make a little cash on the side but they really don't even need to they just need the house and then on up on a on a single two hundred thousand dollars house you know they'll take a bunch of them put them together they'll come up with say a billion dollars worth of individual two hundred thousand allows a one billion dollars worth then they'll sell on hundred billion dollars where the bets on whether or not those houses are going to go up or down in value or whether you know whatever and or how much rent is going to be paid on them or is al

do you like this directional bet? >> i think this is really interesting and you mentioned the overall sector. macau about 7 times bigger than las vegas sands or las vegas strip now, so if you're going to look overseas, that's the only place you're going to find growth for i think these names. mike's trade is really interesting. people ask us all the time, how do you pick your strike prices and mike has laid that out because this stock has gone from 18 to 23.5 in just two or three months. that's why mike is picking these strikes. the math on this is perfect. you are living rivging $1 to make $3 and doing that by getting long the at the money put or the just out of the money put. so math wise, this makes a ton of sense. >> wow. ringing endorsement from scott. dan, what do you say? >> i would just say we've seen them early weakness in asia so far this year. if this is a trend that continues we'll talk about it later in regard to eem, to me this is a sector that probably gets hit first. you may want to just move this bet

shelling out more than a dollar just to bet on gold? me, smalls. >> so to spend less, mike then sold the january 28 strike call for .40. and now between the 1.20 he spent on that lower strike call and the .40 he collected by selling the higher strike call, mike has reduced total cost of the trade to $.80. to make money mike needs gdx to rise above the 25 strike price by more than the .08 he spent. . >> it's good. but there is a tradeoff. and by selling that call, mike has capped profits to the difference between the strike of the call that he bought and the strike of the call that he sold minus the cost of the spread. but mike is not done yet. because he found a way to save even more on the trade. specifically, mike went ahead and sold the january 22 strike put for $.70. and created call spread risk reversal. between the 1.20 he spent on the 25 strike call, the $.40 he collected on the 28 strike call, and the $.70 he collected on the put. mike is spending just $0.10 on the trade. instead of needing etf to rise above 25.80 to make money

do you like this directional bet? >> well, i think this was interesting.ou mentioned the overall section. macao a lot bigger than the las vegas strip now. if you look overseas, that's the only place you're going to find growth where i think -- for i think the names. mike's trade is interesting. people ask us all the time, how do you pick your strike prices and mike has laid it out. it's gone from 18 to 23 1/2 in two months. the math on this is perfect. you're risking a dollar to make $3 and you're getting at the money put or the out of the money put. math wise, this makes a ton of sense. >> wow. ridging endorsement from scott nations. >> i would say we have seen the early weakness in asia so far today. if this is a trend that continues we'll talking about -- with regard to eem. to me this is a sector that probably gets hit first. you may want to move the put out a little further. >> got a question, ask us. >>> we have a nifty tip for making good trades better and in addition you'll find educational material. you'll want to check it out. here's what's comin

are they right or will they lose this bet? what do you think? bank really has no hidden fees on savings accounts? that's right, no hidd fees. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. of the dusty bament at 06 35th street the old dining table at 25th and hoffman. ...and the little room above the strip mall f roble avenue. ♪ this magic momt it is the story of where every great idea begins. and of those o believed they had the power to do more. dell is honored to be part of somef the world'great stories. that began much the same w ours did. in a little dorm room -- 23. ♪ this magic moment ♪ there's nothing like being your own boss! and my customersre really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ ma

i bet they're going to start to mortgage norms. wouldlay that be struggling to credit default swaps. he is a hedge fund manager so he is not taking complete that's. the only reason he has lost six percent is he is actually betting on relative spreads. he said as the equity markets , i don't think the credit spreads are going to narrow as much as they traditionally do. >> he has some investors that are not focusing on the hedge. he is facing some pretty big outflows pre->> -- outflows. >> everyone is making money and you are not so you must be doing something wrong. he suffered a couple of billion dollars worth of outflows over the last several months. several key investors are saying they're sticking with him. >> from a generic point of view of how you pick a hedge fund manager or how do you pick a mutual fund that is mimicking some strategy that you want to be them, where to the contrary and calls fit in? this is a really interesting point. >> a lot of hedge fund manager said they are willing to pay the extra money because they wa

in today's wild card, betting big. ♪ >> in today's wild card, betting big.as if you can't score super bowl tickets, plus it will be warmer there than giants stadium. close to $99 million was wagered on the super bowl according to the nevada control board. it can go even higher this year as the brokers -- as the broncos face the seahawks. remember that denver broke the record for the largest point spread. don johnson knows a thing or two about betting in vegas and trish regan went behind-the-scenes. it's the story about how one no- name card shark became a vegas legend, winning $15 million in the matter of months will stop >> every gambler knows when you play at the casino, the art -- that on star not in your favor. the house always wins and the rules are set in stone. >> if you play the big six wheel , the wheel right in front of the casino, you don't have much of a chance. >> he's the ceo of mgm which it owns a third of the casinos on the vegas strip. but let's say you're going to spend a thousand dollars will stop theoretically, we are going to win 20% of

. >> often times, optimism leads investors to bet on smaller companies. they are the ones with room to grow and get hit the hardest in tough economic times. since hitting a 5 2-week high, small cap stocks as measured have under performed a broader market. and add in under performance on the first day of trading in 2014, and you get why there is worry brewing. the trend for stocks is very positive since the deaths of the financial crisis in 2009. so some traders think any pull back could be consider add buying opportunity. >> i think the russell 2000 and 2014 will be higher. the u.s. economy is still the place to be chl the dollar will strengthen, which means it's good for small cap stocks like technology and industrial lanes, overweight of the small cap. >> reporter: no matter you view, keep on eye on the small cap stocks, a lot of the professionals are. for "nightly business report," i'm dominic chu. >>> our next guest says what worked last year for investors won't work this year. he's joe duran. joe, welcome. good to have you with us. before i get your

they are bets. what a commodity futures modernization act, a program pushed through congress, what it said was it doesn't have to go to the chicago board of trade. it doesn't have to be counterparty. doesn't have to be transparent. you can have a couple guys in the back room do it. in fact you can have the banks do it. when i lay these numbers out, this is mind-boggling. the gross domestic product of the united states is roughly $15 trillion. roughly $15 trillion. the gross domestic product, all economic activity all buying, all selling, all manufacturing, everything. government activity, everything, $15 trillion. the gdp of the entire planet is $65 trillion. so basically when we invented this new form of collateralized debt obligation, these derivatives, the they had an underlying valley, mortgages originally, the primary ones, because you can't see a mortgage, right? if you drive down the street you have no idea who has mortgages. nobody can see it. it wasn't like oil or pork bellies. let's do thi

that is one my kids would bet on. >> who are making these bets? >> they are betting she will forget a word. maybe they are nervous. tell, becaused to she is an opera singer. make outot necessarily the individual words when an opera singer is singing. >> she can surely remember. odds that she will forget or miss a word. >> what are the odds on that? >> i am betting that she will be just fine. >> are you making a market for me? >> i am not making a market for you. >> they are being innovative. let's talk about that. >> innovative or lowest common denominator? >> the people who do not watch for the football part of it will be entertained. you also have the mannings. peyton manning is saying omaha is 27.5 right now. probability in the middle of the half that he is going to ask for a slice of papa john's pizza. the mannings are football royalty. >> what are you talking about? they are going to be up in the row. >> scarlet fu. the media wants to give the manning family some privacy? >> all right, "market makers" will be back in a few minutes. i guess, s

and to be honest with you, i would not bet against either of them. >> stephen: really? >> yeah.nd i could give you arguments for both sides. i think peyton manning's career, number one, what he's accomplished is remarkable, what he did this year was unprecedented. what he's overcome over the last few years with his neck injury and kind of his-- you know, really starting fresh in den den veris something you really have to tip your hat to. i have so much respect for him as a player and what he's brought to the game. russell wilson, i'm not sure there's a guy in the first two years that has the success he has and has been able to handle it the way he has. he's pla tour beyond his years. he's a true pro. the more success that comes his way the more humble he becomes. i really appreciate that approach, and i think that both of them certainly are ready for this moment. >> stephen: so who's going to win? ( laughter ) ( applause ) come on, drew! grow a pair. i had justin tuck here on tuesday night, and he-- he loves hitting people for a living, all right. i looked it up. he's never sack

i bet my bottom dollar again, mark geragos, if that's one of the arguments we're going to hear.ady heard it at bond hearing. >> sonny, save the tape because i'm going to bet you right now that they not going to base their defense in front of a jury that he thought he was being assaulted by popcorn. it's ludicrous. >> he thought he was being attacked. >> unless he's got a death wish. not by a bag of popcorn. >> he said he didn't know what it was. >> if he said he was being attacked it was because it was not the bag of popcorn. because no lawyer, self-respecting lawyer is going to make that argument. >> i'll take that bet. >> all right. we'll leave it there. sonny hostin, mark geragos, you can wager, settle your wager afterward. don't want to encourage betting on the air. >>> earlier tonight we spoke it a close family friend of the shooting victims, chad and nicole olson. he set up a fund on facebook, chad olson family fund. we're going to put that on the bottom of the screen and our web site, ac360.com to help raise money for the family and their daughter. you can find more at ac

. >> the texas elpass coe mens team was shaken up after a tip some players had been betting on their own games. federal bureau of investigation was notified. the result of that investigations were announced wednesday. >> it's been determined that three men's basketball players, crosgile, moore and raglen participated on betting on one or more sporting event. to date there has been, and there is no indication of any point shaving involved. let me repeat that. to date we have no evidence of point shaving involved. however, gambling is a serious n.c.a.a. rule infraction. >> all three players have been kicked off the team for the season, and sports betting carries a loss of one year elegibility. all three players are upper classman, their careers are over. they can no longer play college basketball in any division. >> texas quarterback januariy menzel will forego two seasons of ineligibility and enter the draft this year. >> evacuations continue in indonesia after a volcano shows no signs of calming down. mount sinabung erupted hundreds of times over the past few days, sending cloud and

we'll see. >> i, too, will bet the fed or ra angle for bruno mars. the sharks take on the calgary flame, calgary leading. we'll have highlights of that i promise and warriors ehighlight as well. >> saw the bruno mars interview. he's a good guy. >> crazy talented. >> hair, just love the hair. >> just keep moving it up, jim. >> you can watch jim and his crazy hair tonight at 10:30. move that down. >>> in a rare move, the academy awards has rescinded a mom nagts. the academy of motion arts and pictures has removed "alone yet not alone" for the best song because of improper campaigning. turns out he's a former member of the board academy himself. the academy says no other song will be nominated in its place. the last time a nomination was revoked was in 1992 when there were questions whether a foreign language film was really made in argentina. > >>> we just finished with one storm and maybe some more on the way? >> as we get a look at this scanning doppler radar it's not much, but we're going to see some activity developing offshore tonight that will be

we don't like to encourage betting on the air. earlier tonight, we spoke with a close family friend of the shooting victims, chad and nicole oulson. he set up a fund on facebook, the chad oulson family fund. we'll put that on the bottom of our screen and ac360.com to help raise money for nicole and their young daughter, lexi. you can find more information at ac360.com. >>> up next tonight, despite predictions that his political career is over by a lot of tv pundits, governor chris christie may be surviving the george washington bridge scandal after all. we'll look at the newest polls. >>> also ahead, possible new developments in the case of madeleine mccann, little british girl who disappeared nearly seven years ago while on vacation with her family in portugal. >>> a special committee created by new jersey state assembly to investigate the george washington bridge scandal begins its work tomorrow armed with subpoena power, and we've learned the first subpoenas are already in the works. former top aide to governor chris christie i

you can bet that but you would have to lay 3-1 that it would not happen.2-1/2 to one. that bat is on the board. stuart: this jumped out at me. i can bet on the average jersey number on the players to score a touchdown. i can do that? >> that is correct. take the denver broncos, mostly wide receivers, numbers in the 70s and 80s, and sweet to touchdowns by seattle and i am going to set it and you have to figure it out. stuart: thank you for joining us. >> appreciate that. stuart: how is this forcible deal? the hotel in new york, $100,000 gets you can luxury suites, 20 game tickets, round-trip transportation to the stadium and the airport. that is the deal. i think it is a great deal. 5 grand for a person. charles: so many swedes going for a million dollars, a pretty good deal. stuart: up next your take on the legalization of pot. ♪ [ chick caws ] [ male announcer ] when your favorite food starts a fight, fight back fast with tums. eartburn relief that neutralizes acid on contact and goes to work in seconds. ♪ tum, tum tum tum tums! [ male announcer ] wt kind

there was a lot of hot betting in the name, betting that peltz would convince pepsico to split and gethe frito lays snack business to purchase mongalese. i think the idea that peltz is somehow done with his involvement in pepsico is fanciful. i know he believes that pepsico should be broken into snacks and vegetables. knewy is one of my bankable 21 and i believe she'll find ways to bring out value herself. and if she adopts peltz's ways, so be it. so don't expect anything to happen instantly here. just as we see in so many beginnings of the year, the market craves financials, techs, and industrials. that's okay, because companies like mongalese with these great brands, they don't go out of style for long, do they? still, though, if peltz is right, and i believe he is, for certain, because of that amazing track record i mentioned, i think you'll see the stock go up over time as he helps shuffle portfolio brand, slice overhead, and make the same kind of suggestions that helped heinz bring out value. peltz does a ton of work on the benchmarking of companies. how to improve the productivit

they're limited to four in each betting shop, but there are more betting shops on britain's streets thanver before. they're sophisticated and offer the lure of big wins, but you can lose quickly, too. critics say they're particularly addictive. now the politicians are getting involved with the leader of the main opposition labour party saying the terminals are spreading like an epidemic causing debt and misery. he wants to limit the number of betting shops opening. the head of the debate in the british parliament on wednesday did appearing to signs of consensus that something needs to be done. >> now three i one in three cale help lines are about these machines. for instance, there are 348 in one of the most deprived parts of the country. can you give us a time final when the government will decide whether to act? >> we will be reporting in the spring as a result of the you review that is underway. i think it is important that we come to grips with this. >> reporter: but the stakes with the gambling industry are very half. betting terminals pay for half of its income. it doesn't want tid

we ask if online gambling is a bet worth making. ♪ >>> wajahat ali is off tonight, taking the rains isur i digital producer. glad to have you here to do this >> always fun. >> when we start talking about online gambling, there is a big divide in responses. >> yes, we have some responses here . . . of course for those of you at home, we want you to be part of this conversation, to tweet us using the hashtag, aj the stream. >> americans are logging on to place their bets, spending more than $2.5 billion on illegal offshore gambling just in 2012. analysts at morgan stanley predict this kind of gambling will generate close to $10 billion by the end of the decade. a justice department ruling cleared the way for online gambling at the state level but not nationally. some are calling on the federal government to lift its ban, seeing it as a way to create consistency. so far flee pro online gaming bills have been introduced in congress, but not everyone wants to see those bills become law. >> in the history of bad ideas this has to be one of the worst. internet gambling. >> that video is from

. >> you want to bet? >> what you want to bet? >> i'll bet seattle. what do they have in denver? don't want rocky mountain oysters. >> we have great beef. we have great green chili. >> we'll figure something out. my office to your office. >> great pizza in philadelphia. >> consider this a bet. >> absolutely. >>> coming up next, it's like that old prank where you have 20 pizzas delivered to the wrong house and it could cost a company millions. is uber who puts a taxi at your fingertips playing dirty to squash the competition? >>> plus, the grammys is on sunday. some predictions coming up next in our pop lead. ♪ [ chicken caws ] [ male announcer ] when your favorite food starts a fight, fight back fast with tums. heartburn relief that neutralizes acid on contact and goes to work in seconds. ♪ tum, tum tum tum tums! and our giant idaho potato truck is still missing. so my dog and i we're going to go find it. it's out there somewhere spreading the good word about idaho potatoes and raising money for meals on wheels. but we'd really like our truck back, so if you see it, let us know,

there are really great opportunities for betting -- i should stop say betting.for investing in wine is a futures product. and it wouldn't surprise me to see it go the next step and actually become a proper commodities contract in the not-too-distant future. the next question was about fish or seafood. that is very astute to notice that we don't really have any fish futures trading right now. there are shrimp futures that trade some of the the asian markets. we have had, in the past, also shrimp markets here. they didn't do very well. i think frozen shrimp is what was treated here in the 60s. we have a hot fresh fish. i now can turn a bad proposed as a commodity. didn't do well as a rule. can't products don't do well. canned tomato sauce and didn't do very well. i suspect someone try to bring that canned tuna. same thing. on the sustainability sustainability issues around fish. i think there certainly could be a market. i could see sam and futures being particularly fertile ground. >> so we have food and average lawyer. i didn't even know that there was such a su

i have no doubt this'll help and i am willing to make that bet. if it doesn't work, don't be stubborn but don't walk away from it too quickly. >> how about you, bill? >> each project with a commitment like our smoking groups come a day come in and talk about how we are going to get the prevalence down. is going very very well. -- it is going very very well. we back a lot of different scientists. if one approach fails for an important problem we have a portfolio type approach. -- thecesses we have had farming productivity has doubled -- that gives you a blitz to keep trying. you can go out to the country and meet the people who are growing more rice than they ever did before. going to have more power exclusive interview with bill gates and mike bloomberg. here about where they choose -- here about how they choose where to donate. ♪ >> welcome back to "lunch money." we have been bringing you the exclusive conversation with bill gates and mike bloomberg. mr. bloomberg, founder and majority owner of bloomberg lp, a parent of bloomberg news, is heading

he and seattle's mayor, ed murray, are pledging to raise a different kind of bet. pledging to raise $10,000 for the food bank. the winning city gets the losing mayor's help inration the funds. also bet the traditional local chocolates. >> the battle of the eds. >> back in 30 minutes. here's what we're working on for the 6:00 news. change coming to wine country. the admission that will mark a first in wine country and could set an example for an effort to save the environment. >> thanks for joining us. "nightly news" is next with brian williams. catch us online on nbcbayarea.com and also online on twitter. >> bye-bye. >>> on our broadcast tonight, placing blame, a scathing new report about what really happened in benghazi. tonight, who investigators say is at fault for a massive security failure overseas. >>> proof of life, suddenly there is news about a u.s. army sergeant who vanished almost five years ago in afghanistan. the only american service member currently being held captive overseas. >>> unding the alarm about the most popular pain killer in america. it is

sal bets on the score, the coin toss.o mars hat falls off during the show, his kids get to go to college. he decided to talk to experts, people who know what the future holds. you want to know who's going to win this game? here's cousin sal with psychics. >> how you doing? i have a terrible gambling problem and i need a little help predicting the winner of sunday's game. can i ask you a few questions? >> yes. but i have to look at your hands. >> all right, look at my hand. >> both of them, please. >> both of them? >> yes. >> open up your mind. you have to choose more clearly. don't take other people's advice. >> okay. i'm not going to listen to anything that you say. you don't have to just bet on the two teams that are playing. you bet on other things. >> other teams? >> no, the coin toss. >> do you have any feeling for that? >> heads. >> based on what? >> this is my perception, i could be wrong because i'm not a baseball player. >> you can't be wrong. you are a baseball player. don't do that to yourself. >> how long will

i don't bet. >> oh, you don't bet, okay, we're not going to bet then, gentlemen's bet, i got to knows, george w. bush and got to know mitt romney on the campaign trail. i would argue in the case of both men if people would have been able to see them the way i did they would have had different perceptions of them. how do you overcome that in the campaign? >> well, i haven't seen the new documentary but i've read a lot about it. and stipulate two things at the beginning, one is, it is always easy to look back and say if it only had been done this way it would have turned out differently. and secondly if you try to gauge how things may have played out, you're engaging in a retrospective way. and in 2008, and 2012, we have had republican nominees who -- private men who were private about themselves. and particular wely in the case mitt romney we had a warm and gracious and a loving father and husband, a man of great character. but a lot of that warmth and a lot of what that meant to his life and things through which people would have come to have a bigger understanding of him, were simpl

they bet on football. how much money is bet on the super bowl?for the state to get its revenue. they're losing money. >> let me answer this. you have--i've always-- i've known you for two or three decades. you're a very smart person. >> but not now. >> but you're not getting it. >> i'm dumb now. >> you're not getting it. those people would lose that money anyway. don't you understand? >> our pressing him on this point led to this... >> you guys don't get that! you're simpletons. you're idiots if you don't get that. >> we couldn't figure out why all the emotion. but his main point was that gambling is good entertainment and people should be allowed to make their own decisions about it. but since the first casino opened in pennsylvania in 2006, calls to gambling casino hotlines in the state have tripled. sandi hall says her problems didn't start till three casinos opened near her. >> i cannot read my local newspaper without having full-page ads of upcoming events and slot play and free this and free that. the exposure is phenomenal because of the p

i bet my bottom dollar again, mark geragos, if that's one of the arguments we're going to hear.se we already heard it at bond hearing. >> sunny, save the tape, because i'm going to bet you right now that they not going to base their defense in front of a jury that he thought he was being assaulted by popcorn. it's ludicrous. >> he thought he was being attacked. >> unless he's got a death wish. not by a bag of popcorn. >> he said he didn't know what it was. >> if he said he was being attacked it was because it was not the bag of popcorn. because no lawyer, self-respecting lawyer is going to make that argument. >> i'll take that bet. >> all right. we'll leave it there. sunny hostin, mark geragos, you can wager, settle your wager afterward. don't want to encourage betting on the air. >>> earlier tonight we spoke to a close family friend of the shooting victims, chad and nicole olson. he set up a fund on facebook, chad olson family fund. we're going to put that on the bottom of the screen and our web site, ac360.com to help raise money for the family and their daughter. you can find

these prop bets are crazy for the super bowl, you can bet on almost anything.an actually bet on the weather. will it snow during the game and what will the temperature be and how cold will it get during the game? the first bet, what will the temperature be at kickoff the over/under is 32 degrees. i have the forecast at 33 at kickoff. i kind of agree, right near the number, but the trend has been warmer so i'm putting my money on the over 32 degrees. as far as the coldest temperature during the game itself, vegas thinks it's down to 28 degrees. will it stay warmer than 28? the temperatures will be dropping and cold front goes through, i'm going to go with above 32 at kickoff but below 28 by the time the game ends. i think we should be down close to 27. the final bet, will you see snow flakes during the game at all? see them on tv? i don't think so. cold air moves in and it is dry. we may see rain or snow saturday night into sunday morning but not during the game itself. craig, we'll take your paycheck and parlay all three and go with over 32, under 28 during the

the shin bet says out the this bread in the west bank was still at its conception and possible to stop . i missed n cheese melt between the afghan government to meet karzai in washington kabul is cracking down on advertisements to promote keeping us troops in the country after twenty fourteen. the commercials some funded by a us organization pen drive officials criticism since the urge president karzai to reverse his refusal to sign a security pact with the united states that would enable the troops to stay broadcasters which were in a spot for several weeks came under investigation on grounds that their source of funding was unclear the commercials often include interviews with afghans calling on cards eight to sign the accord meeting. the crackdown is the latest symptom of karzai's growing hostility toward the us last week he said in a deadly attack at a restaurant to accuse washington of doing too little to fight terrorism serious concerns remain about afghanistan's ability to handle its own security operations with questions swirling over loyalty among the ranks. a number of afghan

if i were connected, that's the bet i would try to fix. >> there are all kinds of bets you could fix.l crabtree tweet about richard sherman during the game? >> yeah. >> all right, andy scholes, nice to see you. >>> a dangerous deep freeze moving into the deep south. all your other headlines after the break. >>> 40 million of you are waking up to the very same thing today, snow, sleet, ice and cold, cold, cold. you will not believe where this infuriating weather is heading next. here's a hint, they're not used to it, not at all. indra petersons explains why this storm is so darn dangerous. >>> the president just hours away from a high-stakes speech to reset the political clock. the state of the union. what will he say? well, we will tell you hours before he even says it. >>> and breaking news overnight, the loss of a music legend. >> sucks. ♪ welcome back to "early start," everyone. i'm john berman. >> i'm christine romans. 30 minutes after the hour. it could be a bad day from carolinas to texas to the deep south. the cold has hammered the midwest now moving south. it's bringing snow,

in the long run, you have to bet on growth. you have to bet, you know, you see growth, education, mobility in these countries, you know, basically the flattening of the world is giving tremendous opportunity in these countries. emerging markets feel like a credit business. what is the creditworthiness of this country, what is the balance of payments there. what is the government of this country saying versus that country. it feels like a name specific, like a credit business, name by name. at a point in time when things get bad and tips over into that category, forget the names. it's macro market. they're all -- it's emerging markets. >> is mr. blankfein right about the emerging markets or is the sell-off the start or part of the process of something that's going to get much bigger? we have an all-star panel for you. paul christopher is chief international investment strategist at wells fargo advisors. russell haass founder of new sheridan advisors, oversees the ep small company asia fund, and our chief international correspond

bookies made a bundle of profits thanks to royal baby betting. prince george created such buzz in the months and weeks that led up to his birth, it was described by one betting agency as the largest non- sporting betting event in history. who knew that raising your own chickens on your apartment rooftop or suburban backyard would be considered trendy? as ky sisson reports it's a growing movement throughout the country, but the excitement of having a pet chicken may eventually become fowl. while raising your own chickens has the perks of plentiful, fresh eggs and maybe some pet companionship, many city- dwellers are quickly discovering they are unable to afford, care for, and handle the barnyard birds' messy nature. as a result, unwanted roosters and hens are being dumped at the nation's shelters and animal sanctuaries at an alarming rate. there is such an overflow of roosters all over the country alexandra caswell says the farm sanctuary north of los angeles is at capacity with roosters and the organizations' three locations across the country sa

europeans betting big money on the superbowl.xt, he explains the strange events, wait till you see it. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings pls... that recently gapped up. [ male announcer ] now the world is your trading floor. get rl-time market scanning erever you are with the mobile trader app. from td ameritrade. with the mobile trader app. sometimes they just drop in. always obvious. cme oup can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. lou: peyton manning's offense against the seahawks defense, the super bowl, two days away, super bowl champion fox sports analyst john quince joins us to talk about the business and entertainment of super bowl sunday and the former all-pro giv

i think there are problems in the betting and gaming industry and we need to look at them. i think it's worth listening to the vice of his own shadow minister who said that -- empirical evidence is needed before making any changes because i might just create another problem somewhere else. but this is a problem but it does need looking at. we have a review under way. frankly, we are going up a situation that was put in place under the last government but i think if we work together we can probably sort it out. >> ed miliband. >> the 2005 gambling act limited the number of -- betting shops but it didn't go nearly far enough any actions have been taken. let me just say, he asked about -- local communities are saying that these machines are causing problems for families and communities. now, local commits believe that already have the evidence. shouldn't they be given the power to decide whether they want these machines or they don't want these machines because i think he's making a reasonable point but let me deal with the facts. betting terminals were introduced in 2001 afte

his bets, long or short, was on technology.him moving big time into that. >> he was a big leader. >> definitely and outperform her. kids called "the comeback yuriko his recovery fund did very well in 2013. he had a couple of different plays. john paulson had a great did back before the mortgage meltdown. he bet on it back in 2007, made up 15 lien dollars, had a rough couple of years, and then have slowly been coming back. in 2013 he built rental firms that built financial firms and then some hotel companies. >> you don't normally think of him as a good hedge fund for 2013 because his gold that -- he is the largest shareholder >> a lot of exposure there. >> not all bad news for him. this is what you want to talk about? >> i want to talk about the hedge fund for the year. we just got some breaking headlines. today arguingng scp steve:'s sep count -- testimony would help the case. he lost the bid to then greed from the trial. eight individual to be charged with insider trading. they had some never disclosed footage of stephen cohe

this is really betting the coach. this is belichick versus mike shanahan of my redskins. >> exactly. it's funny because if you look at the people who are in the final four, pete carroll, harbaugh, belichick, these guys -- >> they are a cut above. >> john fox doesn't get enough recognition. what i'm saying is if you stripped any of those people out, you probably would not like those teams. i'm talking about people i have looked in the eye multiple times on "mad money" and feel that they are the coaches that if you were to take them and move them to another team, we mentioned the eagles beforehand, chip kelly comes in, turns the franchise around, you take these people and you can bet on them and what they're doing through thick and thin, because they have been so successful. >> these men and women know how to do business right. isn't that the whole point here? >> they know how to do it strong, ethical, profitable growth for all. this is what we're looking for. >> let's look at the first seven. it's an interesting mix, n

what's his bet here?cally circled the wagons and said i only have two report, those two guys and she's not to be believed. that's where he's circling the wagons now. >> i think he has to simply hope the people around him, the people involved in this stay with the party line. and say that he didn't know anything about it. we did it on our own. but chris, the problem with that is let's assume governor christie didn't know anything about it. then why for god's name would an activist governor, and he was an activist governor just like i was, why would he let the lanes be closed for five days, jeopardizing public safety, when they told him it was a traffic study? if they said that to me, i would have said, take that traffic study and stick it where the sun don't shine. let's open those lanes right now. i want those lanes opened in 30 minutes. >> well, that's exactly the kind of governor, mayor you were. let me go back to michael. that's the kind of governor and mayor he was. when there's a big fire, you want t

if you bet he will misbehave you will get four times what you bet.nd colorado and washington are the two states in the country that have legalized marijuana, and some people are calling this the stoner bowl. also, here is one that the niners are familiar with, will the power go out during the game. right now odds are 20 to 1 that is will. >>> a 16-year-old boy with a rare form of skin cancer is on his way to the super bowl. cody beach was diagnosed in august with melenoma. they won an all expenses paid trip to the super bowl in a ravel. gary came down with double pneumonia, and they knew the trip to new jersey would not be possible, so they passed the gift along to cody and his family. >> it's great, we have been to california a lot of times, he had five surgeries in the last five months, and this is just awesome. >> probably the greatest memory our family will have. >> isn't that cool? such a nice thing to do. cody says he is an eagles fan, but on game day he will be rooting for the broncos. there you go. right now checking in with that meteorologis

we saw a lot of different bearish bets.out to me was the buyers of the 52 1/2 puts. about $2.5 for that. those are making bearish bets that the stock will be below $52.5 by the february expiration. so, this thing really moves around. and the options markets betting is going to go down. >> onboard with bearish in coach. tim? >> this is a company that's going through a transformation. mike is the best on the telestrator. and kudos to '70s hall and oates, not '80s. >> really? i didn't even notice. >> jerk. >> action going on here. michael, thank you. be sure to tune in to options action friday at 5:00 p.m. eastern time. and the five-year anniversary on the show. five years on "options action." >> that's a great show. >> you dvr it every friday. now, let's look at csx down nearly 7%. an earnings miss. the bad news night be coming with the recent trouble of transporting across the nation. the latest coming from canadian national railways. i think there's a concern that all of the railroad companies might have to update their car

. >> the betting is what drives the whole thing. it's the love of the sport, but also the betting.e trainer, the promoters, the kids families all bet on the fights and they all make pretty good money doing that. >> reporter: this 9-year-old is typical of many of the fighters wi we met. school by day, then crammed into a truck for the bumpy ride home where there's a makeshift boxing ring built along a dock by a river. she has 15 brothers and sisters and they all fight. how many fights have you had and how many have you won or lost? 11 fights and i won all of them, she says. where i live, people think it's not safe for a little kids like you to fight. don't worry, this 13-year-old says. we are so well prepared, we don't get hurt. the training is endless. jogging every day, exercising and drilling repeatedly. even the smallest are expected to join in. not surprisingly by this point, the father of, a former fighter himself, tells us he has no safety concerns at all. their proud mother show office the family's overflowing stash of trophies and prizes. there are some mothers who will wat

. >>> 49er fans who wagered bets on the seattle game are feeling a little crabby today. the owners of f the fish company at fisherman's wharf waged crab on the game. they discovered crab voyaging when they suddenly got a lot of shipping orders in last year's super bowl. they're now starting to get a lot of orders following last night's loss. many of the orders have notes. >> they're saying enjoy your win with the best crab in the country. someone put congrats on the big win. good win or you're the winner. >> not a bad way to bet on a game. >> it's nice. >> the owners say the bets aren't just a couple of crabs ch we're talking big orders, enough to feed entire offices. >> we have just nice bay area fans, such generous gifts even though we lost. >>> here's what we're working on for the 6:00 news. the new behavior being linked to the increase in electric cars in silicon valley. >>> and one more 49ers note within the last 10 or 15 minutes, richard sherman has apologized for singling out michael crabtree of the 49ers. >> i was waiting for that apology. >> a little late. >> it

. >> google made this bet and unwound the bet on motorola, isn't a bad thing. it was a stretch acquisition they made. a company like google, especially given its market cap but presence across internet, they should be making a series of these relatively big bets and hopefully they have the judgment to know when to unwind them when they are not going their way. >> google paid $12.5 billion for motorola and sold it to lenovo for $2.9 billion. one potential challenge for the deal, the worry about chinese cyber spying could raise red flags in washington but if the deal does go through, google will keep most of motorola's patents value the at $5.5 million. it doesn't mean google is getting out of hardware. the focus will be on two emerging markets, wearables and home automation. google glass the compute earized internet connected glasses. >> they remove friction between users and internet applications they want. >> page says another priority is home markets. google recently bought nest labs that build thermostats to create a customized temperature schedule. a dynami