liz macdonald we'll continue to follow that story. ashley: thank you, emac.name change. sandra: huh? ashley: we'll tell you where. in a minute, bruce. good day. ♪ . music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau

liz macdonald with the latest on that. ♪ . are getting nervous about facebook right after the numbers came out but our analysts, you heard it here first, said don't worry the stock will come back. that is exactly what was happening with the point. it was trading above after-hours above what it end the day at. it ticked below that number. it is regaining a lot of its footing as investors look through the numbers and decide it is not all bad what they saw and in fact trading okay. at 5:00, in 15 minutes we'll have the conference call of facebook. zuckerberg might be on the call. we'll let you know. liz? liz: thank you, david. the federal reserve decided to keep its stimulus in place again, this has been going on for a while, saying economic growth is stalling or growing slowly or. while the fed doesn't think this particular pullback will last, what does it mean for fixed income you might own? we're not just talking about treasurys here. bringing in guy lebot, janney fixed income strategist. he is in philadelphia. guy, first of a

fox business' liz macdonald is here, and, next, breaking down the most sadistic smart phone apps, everey sound crazy, but they force you to get stuff done. stick around. ♪ the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. gerri: worldwide, public ridicule if you don't go to the gym. there's app app for that. coming up, the most gerri: smart phone apps transformed the world. well, a little bit; right? at least they changed your personal relationship with technology, and, now, they want to beat you into submission. i kid you not. the website lifehacker.com, had a story about sadistic apps, some of which people actually pay for, and it was so funny i had to share with you. number one, can't get up in the morning? constantly hit

fox business' liz macdonald is here, and, next, breaking down the most sadistic smart phone apps, everound crazy, but they force you to get stuff done. stick around. ♪ [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after al what's the point of talking if you don't have something important to say? ♪ gerri: worldwide, public ridicule if you don't go to the gym. there's app app for that. coming up, the most sadistic apps to break your bad habits. gerri: smart phone apps transformed the world. well, a little bit; right? at least they changed your personal relationship with technology, and, now, they want to beat you into submission. i kid you not. the website lifehacker.com, had a story about sadistic apps, some of which people actually pay for, and it was so funny i had to share with you. number one, can't get up in the morning? constantly hitting snooze on your alarm clock? try b

joining with us more, fox business's liz macdonald. >> what is interesting is, we talked to wal-mart, they're saying look we're not just making this as patriotic push or because of the union protests they have been suffering. no, we want to hire military veterans. they're great workers. wal-mart president of the u.s. operations out with a speech this morning talking about this. take a listen. >> they have a seriousness and a sense of purpose instilled in them by their military training. we need that in our business, in our industry and in our country today more than ever. >> so 100,000 workers over the next five years. i'll tell you something, wal-mart's workforce is about 1.4 million. they are the largest employer, private sector employer. they're the largest retailer in the country and also already the largest employer of military veterans. and the white house is coming out saying, you know what? we like this too. here is what first lady michelle obama is saying about wal-mart's announcement. no one serving our country should fight f

liz macdonald is digging into the numbers and joins us ahead. s galore -- gadgets galore at the consumer electronics show in las vegas. liz is on it. >> shibani and i are going at. these are the first small electric vehicle motorized skates. they are wireless. 700 bucks. she is doing great. not going 10 miles-an-hour but not bad. gadget wars coming up. ashley: top electronic companies continue to showcase their latest gadgets and gizmo as the consumer electronics show in las vegas as we head into the second day of the big event. lori: let's head back to liz claman and shibani joshi on the floor of ces where they had a chance check out the top new tech toys. what are your favorites? >> we've been fighting through this one. >> yeah. >> i get to start. we did a klein flip. we'll start with this little drone. this is paris ar drone 20. this is 299 bucks. this is at brookstone. this is going to start. it will lift off. it is going to, not do anything. one for nothing. wait, here it goes. >> there we go. >> it will hover. getting everybody's attention.

liz macdonald making heads or tails of it. liz: here is the deal. we can't default on the death.fourteenth amendment, protect the validity of the public debt. restrictions in the u.s. treasury from printing a lot of paper money supposedly. [talking over each other] liz: the u.s. mint had behest of the treasury and print platinum as commemorative colin's but now the blogosphere is on fire as a way to pay down the debt, a big story in the huffington post, jerry nadler of new york, but let's debunk this move to repay the u.s. death. here is the problem. inflation. any time you print any money the u.s. dollar will get devalued in the united states. you also trigger currency market chaos, problems in the precious-metals market not to mention speculators in platinum, treasury market volatility, this is the big one. a constitutional crisis because here is the deal. congress has the power to spend. congress getting in on the act to get the ederal reserve to mend more money in the form of platinum. cheryl: in the constitution can a make platinum a true currency? liz: i don't think they ca

liz macdonald with more. and it's important to an investor who owns the stock that the pension issues do matter. that's right, liz. it is not just state and local governments, corporations. in fact a t and t is not the only company we're looking at. basically you are seeing big names, 100 top corporate pension funds are underfunded, record deficits. here are some of the names of the companies that are grappling with big fat pension costs. you are going to see adm, caterpillar, alcoa in here, underfunding on the order of 412 billion dollars for these companies. mercer came up with similar results, 557 record billion dollars deficits in the s&p 1500. and what we're talking about is what's going to happen down the road. investors are going to see these weird bookkeeping charges that are just paper charges, not cash charges just yet meaning they are going to be tossing their own company stock in there to do whatever they can to pay for the returns that are underperforming in their pension plans. i have to tell you

thanks a lot, liz macdonald. jobs report beat estimates for the big miss in gdp today, one of our favorite economist. dennis: speaking of jobs or lack of them, more heads role at cnn as ratings decline. details in the medium and on what is next for the cable network. cheryl: the commercials you are talking about long after the super bowl is over. the chief marketing officer for frito-lay, part of pepsico will be here with a sneak peek. dennis: as we do every day at this time, look at oil. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. cheryl: 15 past the hour, stocks every 15 minutes, team coverage with markets, sandra at the cme with how to make money on the

tracy: liz macdonald says inventory is really tight.rwriting is still out there as well. so i mean it will not be a walk in the park by any stretch. >> you know, it is a lot easier walk in the park than it was a year ago. it is not as hard to get a mortgage as a lot of people think it is. the qm rules finally got released earlier this month. that is spurring clarity to the banks. if you're underwritable and not asking 50% of your income go towards the mortgage or any of the ridiculous things going on. you can get a mortgage. just the paperwork is a little bit of a headache. ashley: john, we know the inventories are it tight right now but will that change as more homeowners who have not put their houses on the market because they will not get as much as they want or as much as they paid for it, but as they see the prices rise they will be more encouraged to put the home on the market? is that a trend you expect to see? >> that is trend we're seeing. elizabeth mentioned there are 10.4 million mortgages underwater. we have a million and a

liz macdonald, thank you very much. ashley: singing along with that, weren't you?shley: releasing the third quartethird-quarter earnings ths morning reported record revenue facing analysts estimates. up 10% right now, 10.33% hitting a new 52-week high. the software company specializing in data organization has been a success story of private equity investment so the question is what does the future hold? joining us now, chairman and c ceo. thank you for joining us and congratulations fo. >> thank you very much. ashley: operating income up 62% year-over-year, to get the struggling economy, how did you manage to do this? >> thanks, ashley. appreciate the comments. commvault is a software data focus. data has gotten so big and changing so fast, difficulty backing it up, accessing it, making sense out of it and we help them do it. ashley: you say you have made strategic investments as well, what are you talking about? >> traditionally we started as a company data protection, but we built the company starting in 1998 thinking about the data model. we thought about this

liz macdonald is on this story.at this time of day let's look how oil is trading. the dow down about three points. oil down half a percent. $9331 a barrel. we'll be right back tracy: the dow is flat but charles payne is here to teach you how to make some money aniaway. charles looking at a construction equipment giant, titan machinery. i just like the name. >> got to like the name. is that greek or roman mythology? roman, right? the titans. tracy: yeah. >> before the olympians. here we go. the titan machinery, today deere stock hit a 52-week high. caterpillar is on fire. they do retail sealing. they sell case equipment. people like them. they're in the heartland, north dakota. tracy: fargo, north dakota. >> there you go. i got to tell you i got whacked on this stock. i was shocked. they had two quarters in a row where they missed. i think they're betting their bearings. the overarching investment thesis is still the same. we know farmers are making a ton of money. ashley: yeah. >> now construction is coming back. in

liz macdonald has more on the bottom line. more money than i will ever see in my lifetime. >> for me. and the headlines out now is the london whale's swallowed more than half of jimmy diamonds pay. we knew this was coming after the federal reserve and the officer of the controller for the currency basically slapped the bank with enforcement actions and ordered the bank to take action. the other news headlines coming out of jpmorgan chase is not just that it had a third straight year of profit hosting a nice profit, but two internal reports came out about the london whale strayed which resulted in $6.2 billion in losses at the bank last year. still half a dozen regular toryy probes going on at the bank but here are the headlines out of the two internal probes. the board of directors kept in the dark because of the office, the risk manager in the investment office. and also they report back into the board were tailored, excise, and they were edited in the board was not given the full detail of the riskiness of the trades. jamie

welcome, everybody, i am liz macdonald in for neil cavuto. now looking to stop merchants from selling lottery tickets for those who are on bankrupt. money should go to only those who are necessary like food and shelter and not wasted on lottery scratch offs. she is scratching her head and said this is one idea that should take off naturally. joining us as well. take it away, what you think it should take off naturally? >> it is for those on welfare. we are always there to help them out but when it starts becoming a habit and they spend the money we give them on things that aren't useful and not meant to go towards we have a right to put restrictions on it. if there is better odds of winning the lottery, you can really use that excuse to say this could help somebody and pull them out of poverty, it might make a difference for a lot of people who hit hard times and need welfare have other problems so it is perfectly responsible to put restrictions, you can put restrictions on a lot of other things perfectly reasonable. liz: do they have the rig

here is liz macdonald in emac's bottom line. what is going on? an internal plan at the "new york post" at jcpenney according to the "new york post", have the retailers show the suggested retail price but the price tag be lower. suggested retail price for a pair of pants could be 50 bucks on the sign in the store but the price tag could say, you know what? 30 bucks you pay. jcpenney we have been pressing them to come back to a statement about the report. seems to me they have said we will get back to you. we want to respond to this news report. there is an internal debate how to respond to it. this is company year ago to the day had the reinvention of its retail strategy. we're not going to have coupons. we're not going to have discount. we'll have everyday pricing. tj maxx is undercutting them. they're there with sears in retail purgatory, guys. the we have the, the stock is under pressure. it is the forth worst performing in the s&p 500, down nearly 60% off its 52-week high. and we're expecting earnings coming out of next month of a loss of a ni

fox business liz macdonald joins me with the inside scoop. >> reporter: you know, the inside scoop is that basically this has d.c. reacting big time. we have congress saying, wait a second. you guys got a big taxpayer bailout. nell you guys are basically the poster company for corporate greed. now you're the poster company for corporate heads but, and actually, it was a letter sent to the board and ceo of aig that said, don't even think about it from the congressman. gerri: they don't like that. >> did not like that. and for this to be going on, it has really gotten d.c. in an uproar. the white house is weighing in saying it defends the aig bailout. we have a life jicama and skied democrat saying this is sort of like suig the paramedic who gave the cpr for not giving you a pillow in the process. what is going on behind the scenes. some funny lines coming of washington d.c. aig is telling fox business that, yes, the board will need to let me to consider whether the companies to join former aig chief lawsuit against the government. a $25 billion lawsuit. he has hired at really high-powe

here now fox business network's liz macdonald. elizabeth? >> thank you, jon. good to be with you.e's the video spoof of a key cornerstone of health reform. it comes from the morristown medical center. here it is. ♪. decreasing readmissions. sharing these savings with practices sure seems fair. ♪ long as we follow the policy set down by medicare ♪. ♪ cms is dreaming of . >> so what the cms stands for there there, jon, the centers for medicare & medicaid services. it is a key unit in hhs. what we're talking about here, what they're talking about here in this video is the aco, stands for accountable care organizations. they have been launched under health reform to enact quality and cost patrols at clinic as i cross the country. they're essentially a network of doctors. we have staffers talking to fox business about the impact of this video, they say it is negative. essentially acos reward doctors and medical workers for doing less. actually decreases access to care. this is totally the opposite of what the president wanted, meaning increased access to care. the less patients readmit

liz macdonald is all over the story next.do every day at this time of day, let's take a look at the ten and 30-year treasurys as we head to break. ♪ ♪ >> good afternoon. and sandra smith with your fox business brief. president obama officially nominating his chief of staff, jack lew, to be the next treasury secretary. facing some opposition in the senate, including alabama republican jeff sessions and vermont independent senator bernie sanders. burger king largest franchise will pay to one-half million dollars to settle federal claims of sexual harassment in the 14-year lawsuit with the club signed opportunity commission. it settled the case to avoid litigation costs. and 1-and-4 workers plan to change jobs this year. that is according to a survey by career builders. the same survey showed potential employees are making a rages mistakes. 62 percent of employees are appearing this interested. that's the latest from the fox business network, giving you the power prosper. ♪ ashley: the government finally unveiling new rules to s

liz liz -- liz macdonald is following the story for us. emac. >> good to be with you, melissa.he first time we're seeing what doctors and hospital workers really think about health reform. and what you will see in the video spoof from the morristown medical center is term called accountable care organizations. that is a new term coming up from health reform. it is basically doctors and hospitals joining a network to keep cost savings low. you're also going to hear in this video spoof, a song, that is basically using the music from waylon jennings song, "looking for love in all the wrong places". that was a song in the movie, urban cowboy. look how the cost savings will come about. patient may not want to hear this one. ♪ . >> okay. so cms stands for the centers for medicare & medicaid services. that is part of the federal government. melissa, we talked to staffers at this hospital of the here's what they're saying. acos, this is key cornerstone of health reform. what acos actually do is reward doctors and medical workers for doing less, decrease access to care. this is totally

liz macdonald, adam lashinsky. is apple no longer cool? does it come back to that?> well it kind of is. i think issue when steve jobs died apple became visably vulnerable and samsung went after its image with a passion and hit. so the end result is this apple is not really being followed by any other vendors anymore. it is not standing alone anymore. the end result it is not as cool as it once was and can't maintain the same valuation as a result. neil: lizzie i disclose, apple shareholder. i own apple stock. don't say anything bad about apple. no, i'm kidding. but i am getting this sense when i talk to people and a lot of people on our staff, they're geeker than you and i will ever be and they actually know what they're talking about when it comes to this stuff and many of them share this view, well apple is getting kind of outhustled on the tech front on innovation an all that stuff. i don't know whether that means outhustled for the time being or whether that is a complete change? >> i think they're getting outhustled. i think what is happening teens, not just te

in new york i'm liz macdonald. safe and happy new year. >>> in about an hour we'll all start a new year birth a -- new year with a clean slate, so have you made your resolutions yet? [ male announcer ] verizon fios is the fastest internet in america. just ask pc mag. [ man ] "cable can't touch fios upload speeds." "it's hard to imagine anyone ever beating fios." "there's no doubt fios is the fastest in the country." [ male announcer ] after 110,000 speed tests, nothing came close to fios. and fios doesn't cap your internet usage. so switch to fiber-optic fios because according to pc mag... [ man ] "if it's available, you should get it." [ male announcer ] last chance to get the fios triple play for our best price online of just $79.99 a month contact the verizon center for customers with disabilities for two years with a two-year agreement, at 800-974-6006 tty/v. plus get $300 back.  for customers with disabilities for two years with a two-year agreement, excuse me, sir i'm gonna hav

today liz macdonald. thank you for coming on. all right. man with one particular eye color appear to be more trustworthy than others. for all of your brown-eyed man, your the lucky ones. those chocolate-colored eyes appear to be more dependable, more dependable. >> i want to see. >> and i'm a lawyer. melissa: i am really blue. the brown contacts. tricky. >> brunei's. come on. there are beautiful. we are trustworthy? i don't know. >> a very trustworthy breed. based on a steady. >> so what. they did not explain why. why. melissa: may be man with light blue or green eyes are spoiled more by women. i don't know. >> a guy named stevie blue eyes. no one calls them marty brown eyes. you don't get contacts to get brown eyes. melissa: i know you have blue eyes and are wearing contacts so more people trust you. all right. next story, have you heard who they are for this year's baseball hall of fame. no one. this is the first time since 1996 that no player has received the honor. look at what the new york times, the sports writers make the right decis

here's liz macdonald. saying, sir, but didn't the shale gas and the natural gas revolution make uneconomic these subsidies for wind because i have to tell you something the nat gas does lower carbon emissions and much cheaper? >> sure, it's brought the price of those fossil fuels down, but this is about our future. this is about the kind of future we want to have for our children. do we really want to be anchoring our future to the fossil fuels of the past? do we want to be addicted to oil 50 years from now? we don't. we invest in our future. we're investing in wind. you go across kansas, there are hundreds of these wind turbines generating electricity. they're helping keep families and farmers intact. you mentioned 84,000, that's more than people coal mining. it's growing. stuart: how many decades before we get to say 20%? >> about 15 years, stuart, according to the department of energy. and 20% as you know will be equal to what we're now producing with nuclear power with none of the dangers, none of the h

wait a minute, wait a minute, there's more, it's liz macdonald's birthday.. >> and i won't be getting a dowery like that. >> go ahead. stuart: you're worth it. >> well, i get a lot of regifted christmas gifts nobody wants like potpourri covered hangers and scented candles. stuart: did you get the fruit cake. >> yes, and that would be the flood of noah, same fruit cake is regifted around the planet and i have it. stuart: the universal suffer. and we're out of time. two big headlines on guns to bring you and they're both new at 10. the judge joins the company to talk about it and everybody else, they're itching to go off on the fiscal cliff deal as well. all testify next. all of it next. nce? how long have i had my car insurance? i don't know. eight, ten years. i couldn't tell ya' but things were a lot less expensive back then. if you're 50 or over you should take a new look at your auto insurance. you may be over paying. actually that makes a lot of sense. old policy. old rates. and thanks to your experience behind the wheel, you might save $350 byby switchg

liz macdonald and charles payne about to take their seats this monday morning. ♪ can't buy me love, can'tnd ring my friend if it makes you feel all right ♪ this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be rit back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >> there she is. oh, she's leaving again. >> no, how about this one when you go down the stairs? and goes like this. >> yeah, he does. >> and i think you'd like, retro sounding, you know, going around town with the girl i love ♪ the kind of song, sort of retro. and or it's down-- >>. stuart: nicole is off today and we coul

liz macdonald, charles payne, on for -- where is your tie?n the floor of the stock exchange. i have got to go straight to you. what do we have here? i want to talk housing. what have we got? housing numbers in. up, down 7.3% month to month, down 7.3%. up until now housing has been very much a bright spot in this economy but that is new home sales, new homes down 7% month to month on a selling basis. that is what we have got. we have got news on netflix. show me netflix. it is way up again. nicole: take a look at netflix. they have added contents, gave a great outlook. stock is up 8-1/4%, new high again, new 52 week high, you remember when we, last july of 2011 when we were talking about a $300 stock. stuart: in two or three days is up 50%. nicole: gaining big time. this is $50 last summer. the most volatile stock ever. liz: increasingly viewer that ditching hbo and showtime and buying netflix. they get better offers on netflix. stuart: watch out. thanks very much. moving on. okay. okay. got to give you a little mom on new home sales. month to

liz macdonald is here with emac's bottom line. is this like a myth or something?ou said it sounds like a urban myth. could quickly become one. by the way whose face would go on the coin? melissa: great question!. >> have to be a deceased person. ronald reagan? the joke it could be ronald reagan or john maynard keynes. melissa: that would be a good one. >> we have to de -- debunk this. using or minting platinum coins to pay down the debt ain't a good idea. the loophole the treasury is allowed to print unlimited commemorative platinum coins but can't do it with paper or copper coins. you will ignite inflation when the u.s. dollar is devalued. when you print money you're not printing credibility some that the issue too. why not $100 trillion coin? currency market, precious metals market, would get a lot of volatility and got to tell you something. speculators would pour in there. treasury market volatility as well. the real important point is constitutional crisis. essentially congress has only power to spend. only treasury can say we'll print willy-nilly platinum co

liz macdonald we're in davos. how much did the swiss like the "the avengers" or breaking down ii?tly for the company like imax, how much did the chinese like these films? imax has 99 screens. they're growing in china and everywhere else in the world it seems. we're joined by the ceo of imax, rich gelfond. what was one of the more popular movies in china? >> surprisingly somewhat because it was an old movie, "titanic". jim cameron went back and released it in 3d all over the world. they didn't see it first time. it was new. and it was "titanic". it was a similar reaction to the rest of the world had the first time which was really surprising to us and to the whole chinese film industry. liz: i remember when "avatar" came out three or four years ago. you and i were sitting in davos and how chinese were scalping imax tickets for 90 you can s just to see this movie. is there behavior still there? is there a premium people will pay in imax and more? >> the good news for the chinese people and us it is not $90 anymore but the average ticket price is north of $15 a ticket. because we hav

and liz macdonald and charles payne back and nicole petallides still right now on the floor of the newstarting with the flu. stop me, if you've heard this one before. the centers for disease control and prevention saying we're on track to have the worst flu on record. and 41 states are reporting pretty widespread cases. whether you believe it or not or, there are ways to make plays. people are going to pharmacists for over-the-counter. nyquil knocks you out and get a good night's sleep and helps you recover. procter & gamble makes nyquil. and kimberly clark makes kleenex. and bring in charles payne, morality out of making money out of flu, are you going to do that, charles. charles: absolutely, that's why the companies exist, right. stuart: true. charles: to buy them in the first place. you know, listen, the shorter short-lived events like one bad flu season is not necessarily why you want to buy a stock, but you know what, the stocks have done well and continue to do well. i was looking at zicam, not publicly traded and purell, and not publicly trading, but on the-- >> tying knodiagno

the white has taken notice and so has liz macdonald. she is here with more.ory. >> yeah the president of wal-mart u.s. was speaking to the national retail federation. he made the announcement and was really something to hear what he had to say about hue wal-mart is now going to be hering 100,000 military veterans over the next five years. here is bill simon from wal-mart. >> we all know hiring a vet can be one of the best decisions any of us can make, they perform under pressure, quick lynners and team players. >> wal-mart is already the world's biggest retailer, the country's biggest private sector employer. you have to be honorably discharged if you're a military vet to get a job there but they really, wal-mart is saying listen we want vets to work for us. bill simon used to be in the navy. he says when we was out of the navy got a job washing dishes for two bucks an hour. he says the pay will be a little better at wal-mart. he is interestingly enough getting a lot of white house approval. hear is the first lady talking about wal-mart's decision to hire mor

liz macdonald is here with more and emac's bottom line. >> that's what we're hearing from sources at spoken with a number of sources inside bloomberg. high-level meetings inside bloomberg whether or not to acquire "the financial times". this would be a trophy prize for mayor mike bloomberg who owns 90% of bloomberg. essentially ft has 2.1 million readers for the first time. for the first time the digital readers outpaced and exceeded its print readers. essentially could they afford it? mike bloomberg personally is worth 25 billion. that company, bloomberg pulls in 7 billion. ft is not for sale that pierson tells fox business. categorically denying that anyone is seeking a purchaser for "the ft". for the pierson side, this is coming up through a ceo. came up through the education ranks. pearson. he is talking to people over there, according to insiders pearson is becoming more of an education textbook company, right? that the newspaper, the newspaper business is getting chewed up by, eviscerated by the internet. bloomberg may --. lori: how did that work out for them? >> well, it was a

liz macdonald is here with emac's bottom line. fire. >> yeah, that's right, tracy and ashley. i just got off the phone with wells fargo and they're saying, wait a second, the markets may be a little bit toppy right now. when have we seen three straight years of markets trending higher. we haven't seen that since back in the '90s. are we back into the '90s again? is sentiment bullish and we ride off into the sunset? not sure that is the case. stocks are cheaper than they were in october of 2007 when the basically 2% shy of that for the dow and 4% for s&p. cheaper than they are. so that's a bullish case. in other words they're trading 14, 15 times earnings versus 16 or 17. no collapse in europe. china growing nicely, nearly 8%. federal reserve easing into 2015 of the corporate losts continue to rise. s&p for the 400, 5000, 600 indices setting record highs. cash is pouring into equities, we know that. broad market leadership we're seeing and a housing melt-up. all the bullish case for stocks right now, guys. tracy: what if the liquid

tracy: liz macdonald did yesterday. they're coming "fast and furious.". all right. speaking of getting hit with costs, at one point you really did love pay day but your first paycheck in the new year may not be as sweet as the fiscal cliff tax rates and obamacare kicks in. ashley: surprise. but first as we do at this time every day let's take a look how oil was trading. it was up yesterday as was the market big-time, but today pulling back as is the market a little bit. 92.91 a barrel. we'll be right back. ashley: well this just in. speaker john boehner just sworn in as speaker of the house for another two-year term. from here he swears in all the other members of the 113th congress. reportedly wiping away tears. john boehner. tracy: getting all choked up. ashley: talking or crying. the taxman wasted no time making us all cry acting on the fiscal cliff deal to. i. are s sent employers new tax guidelines. tracy: i'm a dork. i printed them. ashley: some people will get their first post fiscal cliff paycheck this week. what will your paycheck look like? a little smalle

here's liz macdonald with emac's bottom line. >> there is news on this right now at this very hour.s reporting that now the white house is out defending the bailout of aig. what is happening aig is confirming to fox business the board will meet tomorrow to decide whether or not to join hank greenberg. he is former chief of aig, whether whether to join hank greenberg's $25 billion lawsuit against the new york federal reserve which basically says that aig is a victim of the government bailout. the lawsuit is contending that in the process aig sold off $66 billion in assets. that basically aig was ruined and destroyed by government oversears run amok. that aig was overcharged punitive interest rates on $85 billion line of credit. we have representative elijah cummings, more breaking news, democrat, ranking member. house government oversight and reform committee. for aig to be considering this and hank greenberg to be doing is like suing the paramedic for giving you cpr because he did not give you a pill loy. hank greenberg says, wait a second, there is more to this story. telling our v

by: caption colorado comments@captioncolorado.com >> your realtime captioner: linda marie macdonald allen and lizg, i'm brian hackney. >> i'm juliette goodrich. allen and liz are off tonight. an upbeat governor brown laid out an optimistic vision of california's future in his annual state of the state. >> california's back, its budget is balanced and we're on the move. >> his live within our means message went over well with republicans. but cbs 5 reporter phil matier tells us that doesn't mean he won't face a few fights. >> reporter: whether it's not having enough money or don't know how to spend what you have, there's bound to be a tug of war but today, governor brown laid out his vision of where the money should go and it's classic governor brown. >> great state of california, the honorable edmond brown, jr. >> reporter: he invoked everything from the bible to the little engine that could but as messages go governor jerry brown's state of the state address was pretty much about one thing. >> living within our means and not spending while we don't have. the people have given us seven years of e

caption colorado comments@captioncolorado.com >> your realtime captioner: linda marie macdonald i'm ken bastida. allen and lizann notarangelo. >> i'm ken bastida. allen an liz are off tonight. we begin with some breaking news. a two-alarm house fire in downtown oakland. chopper 5 is over the scene. those are live pictures on the 600 block of harrison street near 880. ladders crews are pumping water on a vacant building. smoke thick still coming from the house there. no word on how it all got started. we'll keep an eye on it. >>> the game is 2,000 miles away, but the city of san francisco is preparing right now for super bowl sunday. in fact, mayor ed lee is working up a specific game plan as we count down to the super bowl. as phil matier explains, it involves a lot of walking. phil. >> reporter: that's right. the mayor is probably -- could have one of the best seats at the super bowl but instead looks like he is going to be staying in san francisco. the reason? take a look. >> i haven't decided that yet. i think, given that the giants won on the road without me, you know, i always have the superstition phil

connell: we have elizabeth macdonald with details in her bottom line. liz: we went through -- we went through apple footnote disclosures. a senate panel did subpoena or ask about a half dozen tech companies into their tax strategies to avoid u.s. taxes. this is a bid to basically help close the deficit by getting more companies to pay corporate u.s. income taxes. what we found in the filings, and also this was found in the footnotes too, that apple's deferred tax liability on foreign profit is a big number. 28 1/2 billion dollars in deferred tax liabilities on its foreign profits. and here's why, get this, apple keeps about 82.6 billion dollars of its cash overseas in foreign units. that's about 70% of its 121 billion dollars cash. so the name of the game for u.s. government and congress is how do you get companies like apple to move that cash back into the u.s., so they can get more tax revenue out of it? i will tell you something, but what for apple is -- this is really interesting, those tax moves help apple pay out its big cash dividends coming over the

macdonald knows about taxes. >> and today is my birthday. i get a lot of free gifted christmas gifts. send them my way. lizhave a fiscal cliff deal, but a huge battle is just round the corner and the stakes may be even higher. government spending could come to a halt. of course you're talkin are tale debt ceiling. the u.s. dollar and other currencies. david: plus we have a guest expert who says prices will drop below $3 per gallon even while oil prices are going up. but it may not take us all the way up to 2014. why are gas prices going down when oil prices are going up? we will tell you next. david: well the euro touching a two week high in intraday trading and the u.s. dollar index posting slight gains after lawmakers approved a last minute fiscal cliff deal but the political showdown is far weeks away one of the best ways to make money in the currency market this year. liz: last week we had somebody who said buy the south african rand. we have a senior for ren currency strategist and they have got some ideas. before we get to your favorite picks let me tackle the dollar. every time we do quantitative ea