from jeffrey lacker, the hurdles ought to remain high. in other words, we are going to keep going.oing to keep tapering. there is a very high hurdle to stop us from tapering. now you know the deal. venezuela, they had to suspend the currency auction and in greece it is extended from 30 years to 50 years. they had to borrow more money for longer. puerto rico, as we know, downgraded. now they are pulling back in the emerging markets. whom, there is your evidence. what do you do? simple. keep it. the dollar index, look at what the dollar index has started to do for the past couple of months. it is going up. the basket of emerging market currencies continues to go down. real simple. thes adam talked about fallout from the fed around the globe, this morning in the interview that i mentioned on market makers, larry fink also weighed in on the fed's influence on the market. we cannot rely on central- bank behavior. we had the benefit of the last , coordinated central- bank behavior that stabilize the market and give you ample room to invest over a long. of time. central-bank behavior is c

then at the end of the meeting richmond fed president jeffrey lacker challenged bernanke saying i don'tte this. you must be thinking in every moderate-sized recession henceforth we'll review the federal reserve's best policy as extended -- bernanke cuts him off. it is not a moderate recession. it is not a normal financial downturn. he goes on to say, you have to have a deep recession and financial crisis. that is pretty unusual. a century or once a century so far. david and liz? david: really historic stuff. it is fascinating stuff. we'll go into humor next time we have a hit with you. >> thanks guys. liz: see it on foxbusiness.com. be sure to check it out. >>> we asked you on twitter and facebook if you think barns an noble will exist five years from now or will online retailers like amazon put them out of business? craig on facebook wrote into say is barnes & noble still here? david: oh, that hurts. liz: many of them have closed. he is not wrong. david: let's go offdesk. you may remember light-up motorcycles from the movietone? -- "tron"? lotus and daniel simon that worked on the film

liz: richmond federal reserve president jeffrey lacker predicted the economy will grow a little above 2% this year. that is at the low end of fed forecasts. lacker says he expects the fed to continue its bonn buying cutting program. david: sighs co-ceo john chambers reach ad cross licensing deal with google. it is google's second such agreement in the past month following a deal with samsung in january. liz: facebook, the networking giant celebrates its 10th birthday. mark zuckerberg said when he launched facebook he had no idea it would grow. david: details how much in a minute. arm holdings, the company behind the chips in 95% of the world's smartphones says fourth quarter royalty revenue increasing less than expected. the chipmaker blaming a slowdown in demand for apple and samsung devices. >> the energy giant, bp, reported a sharp fall in fourth quarter net profit, down 28%. that is due partly to weakness in its refining business and writeoffs in the exploration decision. "after the bell," are you ready? we start right now. david: let's get right to our all-star panel. we have bry

we have philly fed president charles plosser, janet yellen and jeffrey lacker and richard fisher.ng the earnings report, cvs, mosaic, tripadviser and western union. >>> general motors says the new ceo mary barra will be paid $14.5 million in cash, stock and options. more on that coming up right after the break. >>> barclay's shares extend their losses. the bank says it will cut 12,000 jobs but the bonus pool still grows. >>> janet yellen makes mer first testimony to congress today. jobs data is expected to dominate. >>> and the french president francois hollande has dinner tonight at the white house. >>> let's take a look add today's other top stories on. general motors states new ceo mary barra will be paid $14$14. 44 million in cash this year. the bulk of that pay package, about $10 million is from gm's long-term compensation plan which is subject to shareholder approval. gm previously said barra would get up to $4.4 million this year, but released the updated figures to clear up any misconception she was being paid less than her peers. we like that kind of inflation. we were ta

we've got the richmond fed president jeffrey lacker and chicago fed president charles evans speaking about monetary policy. we've got adm, color rocks, cme, delphi, mcgraw-hill, michael kors, siriux xm before the opening bell. after the bell, we'll hear from aflac, buffalo wild wings. >>> yum brands fourth quarter beats profited. the president of taco bell and pizza hut says it expecting 24% growth this year. same-sale stores in china were down 2% in the u.s., 4% in china. >>> the senate judiciary committee holds a hearing on the massive data breach of target today at 10:15 a.m. eastern. hackers stole debit and credit card information up to 110 million customers during the holiday shopping season. the target ceo is testifying today. he says the company is speeding up a $100 million program to implication the use of chip smard cards. he says the goal is to have the technology in place by early next year. >>> and disney plans to lay off several hundred people from its interactive unit. it will start making the cuts after it reports figures tomorrow. disney it interactive has around 3,0