. >> well, jeff dennis has been covering emerging markets for more than 20 years and says that the big worry is that market turbulence could eventually weigh on the american economy. he serves as the global head of emerging market strategy of ubs. that sort of addresses why my viewers should care about what's going on in emerging markets and is having an effect on our stock market. why this is happening in emerging markets why do we care? >> i don't think the biggest risk of this is that it will affect the u.s. market. in fact the house view here is that the turbulence we have seen so far have not deter the u.s. and the european markets improving this year. certain amount of risks, markets don't like the volatility that we've seen recently and also there is the possibility that down the road you could wealth effects on consumers not just the u.s. of course but around the world and companies also don't like to see the current volatility because it might affect their desire to invest. but overall so far i think this turbulence is not significant enough to really affect the u.s. economy i

joining us from ubs, jeff dennis, from fidelity, sammy simnigar. i understand you just met with the cfo, what is it, the prime minister of turkey this week or yesterday? what did he have to say? >> yeah. it was a very interesting discussion. i was there with a few colleagues from fidelity. we got to have a one-on-one meeting with him which was really timely. he really talked a lot about how i think the currency is likely to continue to weaken. he doesn't obviously talk about this but the way his body language was suggested that they are okay with the currency weakening to rebalance their economy. they overconsumed over the last several years and they need to build up their export economy so therefore, they are likely to allow the currency to weaken and really rebalance, slow down the domestic consumption and increase the exports. >> so here's a question for you, then. how does a u.s. investor take advantage of a depreciating currency in turkey? >> right. so there are three stocks i own for my shareholders which i think benefit from this trend. one

dennis: jeff flock. jeff. >> dennis, have reported on the cold weather in chicago for 30 years.mething you rarely see. art take see smoke. you will see it live. stay tuned. adam: i am adam shapiro. lori: good afternoon. i am lori rothman. bitter cold temperatures across the country this morning. windchill plunges, can you imagine? adam: congress is back in session and democrats are promising a full press to pass an extension of unemployment benefits. the g.o.p. is not biting. joining us from the white house. lori: wwy he says we cannot wait for washington to act because they won't, they can't, they don't even know how. adam: did the obama administration break the law? his fight with 10 other republican ag and why they say those fixes to obamacare are illegal. lori: let's go to before the new york stock exchange with nicole petallides where we are headed for our third down day today, nicole. nicole: we had been up over 60 points. right now, it is over 100 points from that point. down 43 points right now, much like the s&p, the nasdaq playback a half of 1%. a lot of names hitting

jeff flock has a story for us today. dennisryl: of the snow has stopped falling. parts of the mid-atlantic and northeast face that are cold temperatures and freezing wind. how is it looking? >> cheryl, you are used to numbers. here is a number that sums it up how it is looking. it is now 9 degrees here in red bank new jersey. the windchill feels like minus eight. the snow plow stopped here the light. you can see some heavy equipment here. they have been working throughout the night to try and clear the roads. all of the roads are now passable. we have some video recorded from a short time ago. it was a very rough 24 hours. very slippery conditions still exist. there was one fatality in the northeast. we just got word from governor cuomo's office. all roads are now open. the second major storm for the newly elected mayor. the mayor has been criticized for neighboring one neighborhood over another. he says it is not true. all efforts have been consistent. all for very roads been cleared. he had a news conference just a short time

dennis: thanks very much, jeff flock. lori: not as bad as michael bay at samsung at ces. that is bad as it gets. alex rodriguez's legal team is filing a lawsuit to have his suspension overturned. this comes after last night's "60 minutes" interview with tony bosch where bosch details his involvement with a-rod and perform enhancing drugs use. bosch said he injected him with steroids and told him hue to avoid detection. a-rod's lawyer firing back at mlb commissioner bud selig. >> when i see bud selig on national tv and talk about alex rodriguez's suspension and makes me gag and makes players gag. first and foremost he has ability to make every television talk about alex. dennis: he couldn't testify. >> wouldn't raise his hand and take an oath. lori: a-rod still plans to report for spring training. dennis: in denial. shopping at your local farmer's market without ever leaving your sofa? a new website delivers locally sourced items right to your door. ashley and tracy talk to the founder of good eggs next hour of "fox biz." [ male announcer ] this is the story of the little

jeff: you're right, it is beautiful that were not for the temperature. we're one of the brave one once you've seen out here today. there you go, chicago. dennise. thank you. cheryl: jeff needs some actual real snow boots. you are actually playing polar vortex stocks. colombia sportswear. i have to get him some new shoes. >> people talk about the business being damaged, we're going with a company that will benefit. colombia a great brand. the fact we think they will do great against their smaller peers. cheryl: does it only do well in the winter months? do they have summer apparel? >> one thing would like this during the financial crisis they had been still profitable. even in unfriendly conditions this diminished to do just fine. they should perform very, very well. cheryl: is a this is about the time to get these guys? 15% up. >> within the backdrop is positive. don leveled balance sheet, we think they can do a lot. we like them. cheryl: down 5% over the last month. the potential buying opportuni opportunity. let's go to the oil and gas. obviously an energy play. energy is usually a pretty solid bet against portfolios. would you add maybe no

dennis: we appreciate your joining us today. that is an interesting story. best of luck to you. rhea reiner. >> thank you. cheryl: it is being called cheese apocalypse. kraft food shortage leaving people hungry. jeff flock will go on the hunt for america's favorite cheese product. where is it? dennis: wwe tag-teaming with the a network for a deal ahead. that is ahead in media minute. dennis: stocks now every 15 minutes. let's head to the floor of the new york stock exchange and nicole petallides. what you got? >> back and forth action. nasdaq hit a record high since 2000. we have names on the move including yum! brands which was cut by morgan stanley. concerns about the china growth story that it is problematic for yum brands. and cut buffalo wild wings. both fast-food chains are to the downside. taco bell, kfc. we'll look at other names. ford raised its dividend by 25%. alan mulally stays on board so that is a big deal. bad bath beyond, tough numbers, cutting outlook. stock is down 14%. a liver disease drug so that one is soaring. intercept. new highs for facebook and visa. back to you. dennis: thank you, nicole. cheryl: elizabeth warren and tom coburn introducing bipartisan legislation calling f

dennis: so glad you had that name, not me. we will be live at the auto show where jeff ceo. you will find how the mercedes maker plans to stay number one. sandra: major headaches in their launch, but for one part, it is turning out to be a huge boom. first, here's how the world currencies are faring against the u.s. dollars. [ chilen yelling ] [ telephone rings ] [ shirley ] edwa jones. this is shirley eaking. how may i help you? oh hey, neill, how areou? how was the trip? [ male announcer ] with nearly 7 million investors... [ shirle] he's right here. hold on one sec. [ malennouncer ] ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ ma announcer ] and we do. it's how edward jones makes sensof investing. ♪ of the dusty basement 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 some of the world'g

dennis rodhand the former basketball star returning to new york this morning with explayers. also trending jeffos, amazon's ceo had to be air lifted over the weekend after getting kidney stones. apple has an i-pad pro in the works that could be a laptop. navi, the popular pds series returned for season number 4 last night, and the 49ers beat the weather, the packers in a wild- card victory yesterday in green. you can follow us at twitter at cbsfs. >> elizabeth, did you watch the game yesterday? . >> put me on the spot. >> yes, i did. i did. i caught little highlights here, there. got the highlight else of the morning news. some very important shopping. a lot of sales. westbound 80. approaching carson. what it looks like now. the drive time, just checked it, 18, 19 minutes from the carcenas bridge. no delays yet. a live look at the san mateo traffic. out of hayward, still very quiet. on the flat section of the bridge over the high-rise, no delays, 13, 14- minute drive time in either direction between saucer city and the east bay. a live look for valley drivers. back to work for a lot of folks af

. >>> dennis rodman has named a former team of nba playersen if an exhibition game in north korea. it will be held wednesday. >>> and amazon ceo jeff that happened while he was on a cruise over the new year's holiday. he was flown back to the u.s. for treatment. those are your fast five headlines. >>> let's go back to the big developing weather story. in indiana, the roads are becoming impassable. the temperatures are expected to drop dramatically. it's a scene expected to be repeated across this country. what is causing the mercury to drop so dramatically? the weather channel's dr. greg postel is here to explain. >> thanks, alex. a big winter storm is rolling across the ohio valley and midwest. the national weather service has winter storm warnings in a big stripe from missouri through michigan. this is a big-time snow event thav that's going to unload quite a bit of snow. early this afternoon, moving it northeastward from the mid-south. this area in blue is moderate to heavy snow at times. that will include places like indianapolis and detroit, where it's already snowing now but will get heavier through the later afternoon hours.