so is fashion designer tory birch and meg whitman. we're talking about members of an elite club, the billionaires club. >> female billionaires are growing at 27 percent faster than their male counterparts and growing rapidly in all areas of the world, the u.s., europe and asia. >> reporter: a report by ubs and pricewaterhousecoopers looked at the changing faces of billionaires and they include more women today than 20 years ago. in '95, there were 22 women in 2014, there were more than six times that. 145. the report dubs it the athena effect. behind it. >> females are taking a more businesses. they're really involved in the wealth creation part of the family business. and so maybe in the past they took more of a secondary role, but today it's more of a decision-making role of the family business. >> reporter: women involved in family businesses include alice walton, the daughter of walmart l'oreal. the biggest growth is in asia, because of better education of girls there in recent decades. there's something else at play. >> think of

meg whitman explains. >> reporter: they are not putting in a pool. this giant sinkhole 14 feet away from the home opened up last week a mine that exist the long before west randolph avenue. >> i was coming home from work walking up thestance and i saw the hole in the side -- walking up the steps and i saw the hole in the side of the yard everyone is still on pins and needles. they are afraid that the house will fall in. >> reporter: engineers assured them that that will not happen. the house has been in the family since the 1970s. he says he knew about old mines dating back to the revolutionary war but never expected after all these years one would open up here. the cost to fill this hole is high. >> looking at probably $10,000 and up. >> reporter: large boulders to move them. the mayor says this isn't the only one. this one is 20 feet deep and it was discovered by someone walking a dog. sam morris has been mayor for five years. >> since i have been mayor, there's been 7 active holes that opened up. >> reporter: we hiked to see two in the woods off c

thank you for having me. >> when we come back we'll be joined by meg whitman.ill the current market sell off impact her plans for growth and does she see any bargains out there. right now a quick check of what's happening in european markets right now. you'll see in the early trade actually green arrows in all the major markets. ♪ okay, so you launched your bank's app. now what? how will you keep up with the new demands of today's digital economy? the fact is: some believe they won't need a traditional bank down the road, so at cognizant, we're helping banking and financial services companies think digital, be untraditional, and reimagine what the bank of the future can be. our clients can now leverage customer intelligence to predict their financial needs and provide more contextualized products and services. we're creating new platforms across channels so customers can effortlessly invest, borrow, lend, transact-wherever-whenever they choose. and we're digitizing the way banks run, driving efficiencies and delivering new value for their customers in return. d

cannot represent meg whitman. i do not represent hp.mily: my question is, how long can the company remain independent? guests: it is independent in many ways. hp does not interfere. and compromises about 73% of our revenue. we are doing well. hp is supported of doing the right thing with the company. they do not interfere and ask us to make compromises. and most of our business comes from the u.s.. 75% from the u.s.. that is what we are. >> one of the big things this year is concern about jobs being outsourced to india and other countries. where do you stand? guest: this concept of jobs being outsourced is a thing of the past. what is happening is automation, artificial intelligence, robotics. this is the next wave hitting the industry. it is no more about labor arbitrage. it is about automation and robotics. emily: so that is what we should be concerned about. guest: absolutely. you can't stop it from happening. it will affect every industry. it is coming. emily: what is your vision? where'd you want to take the company? guest: we want

we've got our davos coverage including the chairman of ubs, and the chairman and ceo of merck, meg whitman and larry fink, blackrock and an interview with queen rania of jordan. about the crisis and terrorism we're talking about every day as relates to isis. "varney & company" is up next and charles payne taking the wheel from here. >> thank you very much, maria. don't look now, but stuart's return is around the corner. there's a lot and maria talked about it. the big turn around in the dow, a 300 point reversal off the lows. we'll be swinging all over the place and can't return away from the screen. we'll watch it step by step for you. oil starting to come back just a little bit. creeping above 28 and all bets are going to be off. we've got a new inventory report that comes out two hours from now, it won't dictate oil, but also your 401(k). and vladimir putin accused of ordering the poisoning of a former soviet spy. and john mccain treading in political waters, blaming the president for the market. and jeb bush says that donald is afraid of him. "varney & company" is about to begin. ♪ >>

we've got our davos coverage including the chairman of ubs, and the chairman and ceo of merck, meg whitmanerview with queen rania of jordan. about the crisis and terrorism we're talking about every day as relates to isis. "varney & company" is up next and charles payne taking the wheel from here. >> thank you very much, maria. don't look now, but stuart's return is around the corner. there's a lot and maria talked about it. the big turn around in the dow, a 300 point reversal off the lows. we'll be sng

jamie diamond, randall stevenson from at&t, meg whitman from hewlett-packard and cisco's chuck robbinse blackstone's steve swartzman, larry fink, and ray dalio. that's only part of our fantastic lineup next week. tune in to "squawk box" all week live from the swiss alps. these are the people you want to hear from when you look at market turmoil. >> that is -- they're all going to -- really? >> that's not everybody. >> 400 points we're down now. could be interesting next week. >> yeah. >> we'll stay neutral. >> 432 points. >> we'll be in switzerland, at least we'll be neutral. i love three-day weekends when we're down 428 on that friday after being down 8% already this year. any way, we'll check in with jim when we get back to talk more about this. that's a little concerning there, down 400. we'll check in from the new york stock exchange. futures sell off, oil under 30. ten-year under 2. close to the opening bell on wall street. there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only

. >> meg whitman talked about how they exceeded the public cloud computing to guys like you, amazon,ou lack at that battle between you and amazon, who is doing it better? >> well, you know, as a company, i decided to be a platform, not just about infrastructure, but she's also a platform to get applications to run and help businesses to raise the productivity. those are things we are trying to do as a company, enabling us to help, as an example, to reinve reinvent a services business, which is about predictiveness, and the way we do that is by applying machine learning, so very smart algorithms on top of the club called azure, to actually have a higher level of service agreement between companies and their customers, and millions in the world. that's a very new business model, very disruptive too, and that enables us, i think, to innovate and help many other companies. >> you recently brought down prices on azure after amazon did the same with their products. there's people that wondered, does this business get km commoditized? how do you make sure it does not. >> there are a lot of