liz: that's true, although as we bring eric marshall into the conversation. eric, i think that tom is right. the smaller names don't have as much exposure to international currency gyrations, and yet you saw the russell get clobbered today. what's going on there and how would you play the equity lend? >> at the hodges funds, we're finding opportunities in the small caps, however, not all small caps are created equal. you got to take advantage of some of this volatility and some of the turbulence that we're seeing around earnings season, and really take advantage of individual stock selection. so i think within the small cap stocks, you can look for companies that don't have a lot of foreign currency exposure, and aren't necessarily dependent on what commodity prices do as well. liz: you've got three names, lithium motors, eagle materials and force net. is there a common threat through them? >> in the case of lithium, consumer improving and upgrade cycle with automotives. with eagle, it's a case where building materials, gypsum wall board and cement are doing

joining me is eric marshall, hodges small cap fund manager and dan varu, chief investment officer.you. this market, it's nice to see, but many argue that the economy does not back up the numbers that we saw, even last year going into this year. >> you did have multiple expansion, and i think this year you're going to have to see more growth in revenue from companies. i think right now the market's somewhat at war with itself, the lower commodity oil price due to lack of demand or excessive supply. what does that really mean? cheryl: do you feel good about the year, about 2015, vit predictions out here, so -- >> i do, there are many companies, we focused on the energy companies which clearly don't benefit from the commodity price. many do benefit from that. you are seeing it in the retailers, and manufacturing and what not have not seen the lower commodity price affect them in a positive way. cheryl: have you stock picks, we'll get to those. eric, outlook for 2015. there's been a lot of debate about the strength of the u.s. economy, even gdp can, it support the market or is it all f

joining us is eric marshall co-portfolio manager of the five star morning star rated hodges small cap fund and rob mckooefr, the four-star rated jepson quality growth fund. nice to have you both here with us. eric, i'm going to start with you. volatility certainly has made it a little bit better for those who have been picking stocks versus the passive index funds that we've seen in the past couple of years. where do you see opportunity in this particular time period of the market? >> well we see this earnings as being very turbulent. especially with lower oil prices, lower commodity prices and then what's been going on in the currency markets. i think if you can read through that, this is really an ideal time to focus in on a lot of the domestic small caps pay attention to what's going on in the individual businesses, and we're finding plenty of opportunities out there, but you have to remember not all small caps not all of these are created equal. >> eric sticking with that the volatility theme, are the small caps that you are looking at less exposed to currency volatility? >> in ge

david: whole week's action, tom lyden from etf trends, eric marshall from the hodges fund with threening us from the cme, two of the be

five very long hours of testimony, mapping out the ambush attack that eric frein will now go to trial for. he was one of the u.s. marshalst captured eric frein as frein walked outside an airplane hangar at an abandoned resort. eric frein sat in court as he pointed to frein and told a sideline the courtroom he told frein to drop to the ground. when he asked, who are you? the man dressed in black replied, eric frein. frein's public defender wanted to know how his client got so banged up. >> he had injuries on his face. what were your concerns about that? >> i'm just asking questions about what you guys gave me which is essentially what we saw in the press. >> reporter: corporal brian dix son's video, tiffany glared at eric frein from across the courtroom, especially when prosecutor played the security camera video of the shooting at the blooming grove barracks. the family and colleagues of wounded trooper alex douglass also packed the court. >> trooper douglass is doing remarkably well. he has a long road to recovery ahead of him. he has surgeries in his future. his spirits are upbeat. >> reporter: prosecutors were also up

eric frein throughout most of the preliminary hearing but she glared at him when security video showed dickson and douglass being shot and dragged out of the line of fire by fellow troopers. u.s. marshalsdeputy john chef testified about the capture of eric frein saying they told a man in black to drop to the ground and when when asked who he was he replied eric frein. michael weinstein pointed out that his client told marshalls where to find his two rifles and pistols. >> we have a very cooperative client. i'm happy to see there was no resistance and we expected what we saw in the video. >> reporter: late this afternoon, judge shannon murrah ruled that he be held for trial for murder and a list of other charges. there will be a formal arraignment scheduled by the end of this month. as for a trial date to be set, that still could be a long ways off. life in pike county doug shimell, nbc 10 news. >>> a nurse at a rehab center in bethlehem is accused of sexually assaulting one of his patients. he worked at manor care. he allegedly took advantage of a 50-year-old patient in may of 2013. the victim doesn't speak and has extremely limited movement. >>> skyforce 10 over a shooting outside the

speakers include former georgia congressman jim marshall, and eric edelman, who served as defense undersecretaryor the george w. bush administration. this was part of a forum hosted by the foreign policy initiative. it's an hour. >>> ladies and gentlemen as we move into our next panel one of the highlights of the last discussion that was brought up was that no matter what, the president and congress are going to have a deep agenda on national security, defense, intelligence policymaking as we look forward to the next congress, and one of the items that we hope will shape that debate are the recommendations of the national defense panel. on which both ambassador eric edelman who is also a member of fbi's board of directors and former congressman jim marshall served before issuing their july 2014 report. it's a pleasure to welcome vago muradian who will be moderating this conversation. vago is the editor of defense news. and specially want to highlight sunday mornings on abc at 11:00 a.m. is the host of inside defense news. this week -- >> no we dropped the this week. >> when we shifted from cbs t

eric frein led authorities on 48 day manhunt before us marshals found him abandoned air plan hangar initness news" reporter justin finch joins from our satellite center more on what we can expect from this morning's hearing. justin, good morning. >> reporter: good morning, ukee, in just a few hours the bushed end will be on the prosecution, trying to get a jury trial for eric frein they'll make the case for one this morning before a judge and they'll have to prove a

marshals who had the information that eric frein was hiding in an airport hanger. they got there. they called him out. and he came out, and surrendered. >> beyonce's sister attacking jay-z inside the elevator. the entire attack caught on camera. >> you can tell that solange is outraged by something that jay-z has done or said. when she goes, in the fight's on. >> president obama plans the most sweeping executive action on immigration in decades. and republicans are slamming the president's move as a giant power grab. >> why is the president doing this and why tonight? >> because he just got slaughtered in an election. it's crystal clear. it's all about politics. >> and, of course, many of the year's top newsmakers were political leaders. among them, former president george w. bush. future senate majority leader mitch mcconnell and former secretary of state hillary clinton. and all of them going "on the record." >> would you have made that swap for sergeant berg doll five taliban for sergeant berg doll. >> well, as i write in the book and at the time i was trying to put together a

eric matthew 14. the 31-year-old survival lift accused of shooting two state troopers killing one of them. u.s. marshalsinally captured frein at the end of october after he'd spent six weeks on the run. >>> a milestone for lower manhattan. one world trade center opened its doors for the first time to new tenants more than eight years after construction began. >> the 2014 elections ended with a gop bank. republicans winning control of the senate and adding to their large majority in the house. >>> washington ended the year with a contentious fight over immigration reform. president obama announced a plan to use executive authority to shield at least 4 million immigrants from deportation. republicans say they're considering their options to block enforcement of that action. looking i was towed 2015, we're waiting to see if the president of the new congress can work together and with the mid term elections behind us, the race for the white house is already heating up. of course, we'll be here for all of it. in new york shepard smith fox news. >> straight ahead you know surveillance cameras are everywhere.

eric frein led authorities on 48 day manhunt before us marshals found him abandoned air plan hangar in the poconos. >> "eyewitness news" reporter justin finch joins from our satellite center more on what we can expect from this morning's hearing. justin, good morning. >> reporter: good morning, ukee, in just a few hours the bushed end will be on the prosecution, trying to get a jury trial for eric frein they'll make the case for one this morning before a judge and they'll have to prove a murder took place and also, smith evidence linking frein to that murder, meantime, the defense rather is already raising questions about the legality of the state's case. accused murderer eric frein returns to court where pike county prosecute letters level their case against him before a judge. they are seeking the death penalty. in his hearing we should learn more about the events leading to up avianca his capture back on october 30th. >> he has been stripped of his guns, his bombs, and now, his freedom. >> court documents allege that on the night of his capture frein acknowledged that he shot troope

eric matthew 14. the 31-year-old survival lift accused of shooting two state troopers killing one of them. u.s. marshalsfrein at the end of october after he'd spent six weeks on the run. >>> a milestone for lower manhattan. one world trade center opened its doors for the first time to new tenants more than eight years after construction began. >> the 2014 elections ended with a gop bank. republicans winning control of the senate and adding to their large majority in the house. >>> washington ended the year with a contentious fight over immigration reform. president obama announced a plan to use executive authority to shield at least 4 million immigrants from deportation. republicans say they're considering their options to block enforcement of that action. looking i was towed 2015, we're waiting to see if the president of the new congress can work together and with the mid term elections behind us, the race for the white house is already heating up. of course, we'll be here for all of it. in new york shepard smith fox news. >> straight ahead you know surveillance cameras are everywhere. and they're catc

eric matthew 14. the 31-year-old survival lift accused of shooting two state troopers killing one of them. u.s. marshals the end of october after he'd spent six weeks on the run. >>> a milestone for lower manhattan. one world trade center opened its doors for the first time to new tenants more than eight years after construction began. >> the 2014 elections ended with a gop bank. republicans winning control of the senate and adding to their large majority in the house. >>> washington ended the year with a contentious fight over immigration reform. president obama announced a plan to use executive authority to shield at least 4 million immigrants from deportation. republicans say they're considering their options to block enforcement of that action. looking i was towed 2015, we're waiting to see if the president of the new congress can work together and with the mid term elections behind us, the race for the white house is already heating up. of course, we'll be here for all of it. in new york shepard smith fox news. >> straight ahead you know surveillance cameras are everywhere. and they're catching som

eric frein accused of killing a pennsylvania state trooper and wounding another during a ambush last september. us marshals a abandoned airplane hangar 48 days later. he has been held without bail, and faces a long list of charges, including first degree murder. >>> all right, we want your forecast right now time to check in with katie. good morning. >> happy monday everybody. i know this is a day that a lot of people are headed back to work, back to school, after nice long break. we have winter chill to go right along with it for you out there in the wake of the weekend storm, we still even have some very light lake effect snow, most of which isn't actually falling as snow here, it just looks like it is on the radar sometimes looks can be deceiving. do still have clouds, generally speaking going to thin out ends up with some sun, temperatures declining through the day, we drop you back down to the 20's later tonight with clouds rebuilding themselves as our next clipper comes along. by tomorrow coating to inch generally speaking, some spots could pick up 2 inches with the snow, generally moving through dur

eric frein accused of killing a pennsylvania state trooper and wounding another during a ambush last september. us marshals faces a long list of charges, including first degree murder. >>> all right, we want your forecast right now time to check in with katie. good morning. >> happy monday everybody. i know this is a day that a lot of people are headed back to work, back to school, after nice long break. we have winter chill to go right along with it for you out there in the wake of the weekend storm, we still even have some very light lake effect snow, most of which isn't actually falling as snow here, it just looks like it is on the radar sometimes looks can be deceiving. do still have clouds, generally speaking going to thin out ends up with some sun, temperatures declining through the day, we drop you back down to the 20's later tonight with clouds rebuilding themselves as our next clipper comes along. by tomorrow coating to inch generally speaking, some spots could pick up 2 inches with the snow, generally moving through during the daylight hours as well. so about this same time tomorrow we start to s