lori: okay, nicole.ne of the latest votes this afternoon to extend unemployment benefits and democrats and republicans don't see eye-to-eye how to get the deal done. jason furman is the chairman of the council of economic advisors and joins from us the white house. thank you for joining us. this is your key issue right now. in interview with charlie rose, you said it is your top priority. why is that? >> it is most immediate priority. there are a lot of things we need to do to continue to build the momentum in our economy but the most pressing thing right now is 1.3 million americans this week are looking in their mailbox and discovering that the unemployment insurance checks they were counting on aren't there. that is not just bad for those families, it is bad for the economy when we lose their purchasing power. we need to restore them and need to do it quickly. lori: obviously government spending, as you know, this is the big argument, also has been pretty bad for the economy. so republicans, even thou

nicole petallides standing by, as always. nicole: maybe that is exactly it. you had two days of trading. this is the kind of environment we have been in for 2014. everybody watched that bernanke this afternoon, or this morning, very closely. the nasdaq trying to squeeze out a game. i will get to banks in a moment. here is a look at the nasdaq. both of which did not do as well as they had hoped. that was something that hit goldman sachs. you have michael court that over at citigroup. it was not as strong as they would have liked. ashley: nicole, thank you so much. lori: bernanke giving to be what is expected to be his last appearance. >> hate, lori. it was a little bit of a history lesson from chairman bernanke. some of the measures, as you know have continued to draw criticism on capitol hill. listen, i know that there are folks out there that are critical of the fed. hopefully some of this pressure will abate. >> as we tell our story, more information comes out about why we did what we did. they understand what we did was necessary. it was a main street set

dagen: thank you, nicole. connell: a fox news poll shows a solid majority feel are still in an economic ditch. dagen: 74% of americans say it still feels like we are in recession, just 22% feel like the recession is actually over. fox news contributor monica crowley joins us now. the recession ended literally years ago. in 2009, it is really pathetic people still feel this way. >> technically you are right the recession did end. you're talking politics and economics, talking perception and the perception is most americans living on the ground and not seeing a healthy economy. stubbornly high unemployment, record low labor participation rates, huge blanket of obamacare, numerous other regulations coming out every single day. this all having a suppressive effect on the economy and the american people feel that as the empty storefront. this economy is not growing and it is not dynamic. not what we are used to seeing. connell: they are used to seeing what is in their individual check, most people do have a job. ta

adam: nicole, thank you.er we can't say enough how alcoa's earnings and all the action four p.m. today on fox business. stay tuned. lori: breaking news. kansas city federal reserve president esther george speaking out. peter barnes with details what she is saying. peteer? >> lori, esther george is a inflation hawk who opposes quantitative easing. 2 1/2% to the 3%.ts growth this the growth outlook for 2014 may be among the strongest since the end of the recession. she rotated off the fed's policy setting body, fomc voting member. at the fomc she dissented on qe bond purchases until the taper announcement last month but she remains concerned about the potential cost and consequences of these, quote, untested policies. we also have comments from incoming fed chair janet yellen and they're on the dovish side. in an interview with "time" magazine out today, she says, quote. the job isn't just about fighting inflation or monitoring the financial system. it is about trying to help ordinary households get back on the

let's get down to nicole petallides. nicole: i am ready for this new day.ot bagels and muffins and then we were on our way. we will see whether or not these traders are bombed out. as long as they get the business, they love it. the dow is down one third of 1%. you mentioned ibm at the top. absolutely the big problem of the dow jones industrials. with that being said, other names that are under pressure is caterpillar, verizon, jpmorgan. some names are hitting 52 week highs today. google hit a new high. so did united technology. tomorrow, we have jobs reports. we will be watching for that. a lot of story stocks and a lot on the heels of earnings. other names that we continue to watch. blackberry is having a great week. we have a boeing story as well. this month, so far, shaping up to be a tough one for the dow, the nasdaq and the s&p. dennis: thank you very much, nicole. the 2013 sales topped $7 billion. that is up 14% since 2012. nearly one in every three customer was buying big time our for the first time. we have art best partner cofounder joining us now

nicole: record. stuart: that's why they're moving in on a record high. thanks, nicole.witter as well. this is another of those up and down stocks. every day it moves up or down like most of them. the big swings on twitter. this morning opened 1% higher, 59.80 on twitter. a lot going on at macy's, upbeat outlook and laying off 2500 workers, closing five underperforming stores. the market likes that. 6% gain for macy's. sandra smith with me. mortar, bricks and mortar, that's a hit on bricks and mortar. >> you're going to look at that as a warning sign from macy's. keep in mind, they're opening eight more stores and producing a profit. so, they're looking at the broad picture right now. they've deciding to layoff workers and the reason why investors are applauding this move is because they're proactive in an environment where bricks and mortar are struggling right now and people are shopping on-line. stuart: and macy's is transferring assets to on-line. they're beefing up their on-line business. >> so shopper tracks reports, that 10% of the overall market. the problem is t

nicole is here to talk retail. take it away. nicole: let's take it away.ve a tough day for retailers looking to the downside, analysts have been onboard downgrading these names. sears down 14%, so sears has come out and basically showed weakness in the latest quarter. their comp sales are not good. kmart under their umbrella. 5-below to the downside. another one to watch. up about 150% over the last 52 weeks, so that is a good one, but customer traffic week. blaming the weather as well. back to you. dagen: thank you, nicole. blurred vision after looking at your smart phone or computer for too long or tablet. 70% of americans report levels of digital eyestrain with symptoms including dry eyes, fatigue and even neck and shoulder pain. the strain is caused by intent staring at screens for long areas of time. they recommend blinking more often or taking a break from using your phone or tablet. something that could and should be taken seriously, could lead to longer term problems including degeneration and cataracts according to the vision council and trade gro

nicole: indeed it is. at airlines, dealt the first as it is up nearly 4.5%. this is because of the performance for the month of december. turned out it was quite good, a late thanksgiving holiday helped their december numbers as well. this is the portion of seats filled, passive traffic up, that is great news overall. there is a nice one year chart with delta climbing throughout the last 52 weeks. that being said, we continue a gain of 120%. let's take a look at all of the airlines across the board, of arrows across the board. jetblue 4%, southwest airlines love in the ticker symbol on that one, up nearly 2% with a new 52-week high. so many people delayed, thousands of airlines have been canceled, but you are seeing the group sustaining some nice up arrows, back to you. cheryl: thanks, nicole. dennis: buckle up, self driving cars no longer a figment of science fiction. predicting sales of driverless cars will reach 11.8 million cars by 2035. ihs also says all vehicles on the road will be self driving by 20

tracy: thanks, nicole.daries of wearable technology, mc10 is a start-up based in massachusetts that makes stretchable, bendable, wearable electronics. looks like a temporary tattoo or band-aid with a bunch of dots in it. if you're on sirius xm. it monitors what's going on inside your body. joining us now, mc10 cofounder and chairman, carmichael roberts. sir, i think this stuff so cool. i was watching some of the videos of it. first, tell us how you even came to this point, because i've got to believe, you know, the intelligent was to help health care bring technology together and, clearly, make some money along the way. >> i think you got it exactly right. i mean, so where we got to is we started off working with a professor named john rogers at the university of illinois in champagne who had come up with a remarkable invention which was the ability to take silicon, so think about a rigid chip-like thing, and turn it into a version that looks like saran wrap that can fit on any part of the body. and when we

to the floor of the stock exchange nicole petallides, happy new year. nicole: happy new year. to folks at home kicking it off. yesterday the first trading day of the year not a great one. good if you want the markets to go down and give you are a blow yesterday were disappointed when it dropped 147 points the day mixed bag, the dow gaining 122 points of its earlier highs when it was up 70 points, the nasdaq index in the downside and seeing the s&p just fractionally lower, not even one point sellers shows the unchanged line. we do a lot of year end stuff and looking at the first trading day of the year but here is a look at the one week chart, the s&p and the dow, sundown arrows and the like and the names weighing on the dow jones industrials, verizon, microsoft, coca-cola, intel coming under pressure today. ashley: oil prices falling sharply to fresh one month lows below $95 a barrel even as today's weekly inventory report showed crude supplies at the lowest level in three months. fox business contributor phil flynn of price futures group in the trading pits of the cme and hap

nicole petallides has more. nicole: 1.1%. the s&p 500 down .8%. the tech heavy nasdaq down three quarters of 1%. clearly, 2014 has been a tough go at it. the worst month since may of 2012. the worst january performance since 2008. it just shows you, big picture, that we have had a tough beginning. a few names on the dow squeezing out a few names. chevron, for example, at new lows. it is worth 28 negative dow points. we also had mastercard. that was a mess. not a dow component, though. connell: thank you. dagen: the major market gauges expected to end their first january that is negative sense 2010. is this just a sign that the world is bubbled up because of all the central bank stimulus and we cannot get along without it? >> i think the market is transitioning. we have to get out of it. we need the stimulus is to go away. this adjustment is not a shock. i think the market is looking for an excuse. when it is finished -- connell: what we are seeing now, i hate the phrase regular people, but people are saying, hold on a second is this run just about

let's go to nicole petallides. nicole: i saw a picture of it on the new york post.little scared. twitter today doing very well. they put a buy rating. seventy-five dollar price target. they are working with a payment process. we will see. this is all about e-commerce. it will be an interesting move for the company overall. here is a one-month chart for you. we are back above $64. back to youu connell: we will make you wait a little bit for this devil baby. we will talk about hershey. it is joining 3d systems. from emerald asset management is joe. do you like this one? >> we like 3d systems. i want to do this for you. i am only about 2 miles, 3 miles from hershey where we are broadcasting from right now. you can take it into an edible something like this. it is an eagles helmet. connell: we know you are a big eagle fan. you can put that on a cake or anything. you have seen the show "cake boss." they can take this kind of technology and deploy it across all kinds of tech knowledge ease. we like companies like 3d systems although we do not own a lot of it. it is increa

nicole: 62.44 is the high.ay it as quickly as i can't because every moment it seems to surpass the highs. a gain of 16.6%. why is facebook doing so great today? revenue surpassed analysts expectations. 53% of that from mobile ad revenue. that makes everybody so happy. the analysts are loving it. people are hot on instagram and video ads going forward. connell: let's go to george global check. thank you, nicole. two out of three are up. the exception would be london. dagen: it is a twitter hostage situation. a twitter handle said to be worth $50,000. and on known hacker gained access to his go daddy account. one of the employees was socially engineered into giving hackers access. hackers have since claimed the twitter handle. no action has been taken by twitter yet. connell: pending home sales came out today. they were down. sharply lower, as a matter of fact. dagen: a new treatment could reduce peanut allergies n children. ♪ >> 22 minutes past the hour. hi, everybody. i am jamie colby. the obama administration

nicole: looking at the airline stocks as the transports move higher. the airlines, delta, southwest airlines, american airlines, all moving to new highs, a lot of apparels, united continental, southwest airlines up 2%, delta gaining. jpmorgan and deutsche bank speaking positively about the group talking about consolidation in mergers, they will reap the benefits of that even more so here in the new year. coupled with a better economy not only here at home, but also globally. that brings me over to goodyear tire. the price target now $29 up from $26, they believe the guidance will surprise to the upside, the stock hit a new high, and right now a gain of about 3%. showing you the gains we have seen. cheryl: with the s&p 500 on a course for losses with five out of six trading days an so far ts year, how long is this slump going to last? traders standing by the new york stock exchange, cme group and the nymex. boy thing i see winning are the dow transports. many investors get a spooked. >> if you look at the daily chart today, down close to 100 points, the

thanks, nicole.s views on the economy are in the opposite direction. rich edson is live from the white house. peter: today marks the beginning of the sixth year of president obama's term and he resigned over a federal government that is largely closed because of the weather so president obama has seen a lot of changes in his polls since the beginning. the president started with approval ratings near 60% and now he is what they say upside-down, gullible showing disapproval of 52% for the president and approval of 40%, or 51 for you if you go back to september of 2011 when the little worse stretch for the president was which was 5240, the paper got snowed on here. if you look at what the president's jobless rate that he presided over 7.8% when he took office, now all the way down to 7%. looking at those numbers, in spite of 10% in his first year in office and with that the president with low approval rating still a very sluggish recovery pushing an economic team, one of trying to push income equality.

lori: thank you, nicole. it is an anticipated week on wall street as the tech giants reveal their fourth-quarter earnings. sandra smith has the stocks to watch. sandra: where watching ibm, texas instruments. ebay tomorrow. microsoft later in the week. apple, yahoo, facebook, google next week. right now technology names making up about 18% of the waiting on the s&p 500. so whether technology stocks goes, so goes the s&p 500. that being said, guys, look at ibm. down 1% today. look over the past year, the stock really struggling to make any progress. it is about flat over the past year. down about 4%, so investors looking to turn this around. they will be looking at certain names in earnings after the bell tonight. 17% drop last quarter, spending on new data centers, china will be huge, cloud computing. these are two things to look for. on revenues of 28.25 billion for the quarter, guys. as we await the earnings slipping back, look at not only ibm but texas instruments. this has been a big winner over the past y

lori:, thanks, nicole.alyst is defending banks like jpmorgan, in his new book called, guardians proves parity. charlie gasparino sits down with dick bove and why he thinks large banks are good for the economy. charlie. >> i want to explain why the nations needs their banks and why they must be very big to compete in the global financial system. dick bove, i haven't read your whole book. i read parts of it. you're a good writer. i don't necessarily agree with everything you say because there is why we're here to hash this out. why do we need big banks? can't a smaller bank lend to small business, do something actually big banks are not actually doing right now? >> we got, if you look at the convertible currencies in the world, there are $56 trillion today and if we assume that the united nations figures are right about population, there will be 81 trillion when we get to 2050. it is a huge financial system. there are a whole bunch of country that is want to grow their piece in that position. >> right. >> can

nicole petallides on floor of new york stock exchange. who have you got for us, nicole?emale ceo, pretty rare around here for ipos. the stock is soaring the original range was 14 to $16. ipo price was $11. the high today is 23.47. the stock of care.com, crcm is up 36%. care.com has over nine million members. it is in 16 countries. this is where you go to get, care.com you can find nanny and home caregivers and pet givers, pet care for you. the stock has been received beautifully and trading incredibly well on a day where thedown is down 206 points. back to you. lori: that site helped me out of a bunch of jams, thanks, nicole. and other working problems. >>> if you have letters to mail, you might want to hurry, starting on sunday, three cents more for postage. price of stamps going up again and largest increase at more than 49 cents a stamp. plus the usps will plan to ask permission for a one cent price hike to keep up with inflation in 2015. no wonder the forever stamps are popular. they made up 84% of stamp sales in 2012. adam: what does it take to become one of the wor

nicole and rattner back at the table. i'm going to -- >> nicole and rattner?lace and rattner? >> nicole and rattner sounds like a law firm. >> sounds like a comedy act. >> some see it that way. >> it really throws them off. i'm sorry. >>> david, the best. a funny thing happened on the way to the decline of the united states and the rise of china, brazil and other emerging market. many prominent analysts began wondering if the pessimistic predictions about america were wrong. and whether it was the emerging markets that were heading to trouble. these international economic fads are always suspect, up or down. they seem to follow what i was told years ago facetiously was the guiding rule for columnists simply -- simplified and exaggerate. be aware of this later revisionism like any other variety as global competitors stumble the u.s. is picking up speed. remarkable new she will oil and gas sdrovers are reduced america's energy vulnerability and made it a relatively low cost manufacturing nation. >> i always go back, miles, to 1988 and 1989. everybody was saying

what's the story, nicole? nicole: 3d printers have run up so far and so fast.a look at lower full-year guidance. exelon down 10%. that is a huge move. let's take a look at some of the other names. 3d is one that we often take a look at. in the last 52 weeks, it is up 119%. that is a great performance. back to you. connell: and may not be enough to compensate all the players. dagen: what to make of this? we have our judge, andrew napolitano here. >> good morning. good to be with you. think about a class action consolidation. representatives of unnamed and often unknown plaintiffs. the lead plaintiffs in this case, who are former well-known members of the nfl, are suing on behalf of everyone who ever played on behalf of the nfl that suffered a head injury. that is not a certain list. the court has to examined the proposed settlement to see if the court standing in the place of the others would agree with the settlement. connell: you have 20,000 players that are considered to be part of this. >> this is a rare instance in which the court can substitute its judgmen

tracy: that is to nicole's point. let it wash out. nicole, hop in on this.t, what you guys are saying down there. what a lot of people smarter than me are saying we'll end the year okay. you have to sort of get through this. >> get through this ride for the moment. but very frustrating companies dropping and many dropped in a big way. just in january alone, just to get back to the economic report, globally, clearly, made great points about the concerns abroad. even right here at home, you saw consumer spending was up today. that is good news but incomes are not. you still have obviously some americans that have jobs that either are not up to par for them. they have part-time jobs, other than full-time jobs. you have so many just unemployed all together. so, that really is the fundamental problem is, when you look at the economy. >> and just sheer outflows from emerging market funds. these numbers are spectacular. $6.3 billion in one week out of emerging market equity funds. 12-pointbillion over the month alone. >> biggest since 2011, right in terms of outflo

nicole petallides is at the new york stock exchange. nicole:, 160 points here on wall street. loss of about 1%. we are watching foreign currencies. we are watching a show. it has come under pressure. the dow is down about 150 points. the s&p 500 down 1.1%. we continue to see the vix jumping. you continue to see the flight for safety for gold and the like. also, the ten year treasury 3.7%. microsoft came out with their quarterly number. profit on the rise. the stock has gotten several upgrades from many of the analysts. that is something else that we have been watching. back to you. connell: thank you. dagen: at the fb i digging up 20 hacking cases over the last year that have the same fingerprints on them as target. connell: more of the same kind of attacks are on the way. the concern over the security overpayment card networks. undetected for 19 days after black friday. that compromised personal information of 70 million customers. dagen: two separate breaches that we were talking about. then, of course, we found out about neiman marcus. sitting on the information about how m

nicole, where did it open?t's where t6 1/2%, 35.70 and alibaba's growth was weak and that was a disappointment the analysts said. revenue 6% overall for yahoo!. marisa mayer continues to try to make acquisitions and remain competitive, but she has stiff competition from google, facebook and twitter and the like. stuart: down it goes. all right, netflix, i think that's lower today after hitting that high yesterday. >> new high yesterday, but pulling back today so of course they've been working to expand in france and germany, but they did hit an all-time high yesterday 403.45. down 1%. stuart: thanks, nicole. i want to get back to shah gilani and yahoo!. here is a question a lot of people are asking this morning. is the honeymoon over for ceo marisa mayer? >> i'm not sure it's over. i think the passion is gone, but i think the love is still there for her they've had a series of one night stands in terms of ceos sort after revolving door. the confidence that the public has and the rest of the management has in ma

strictly for the new york stock exchange with nicole. nicole: all posting of arrows. so much so you s&p hit an all-time high today of 1850. the nasdaq also at a new high back to the 2000 era. and the dow right now 15,494. you do have stocks rallying as strong data on manufacturing. all helping to move the market higher. take a look at bank of america joining wells fargo and jpmorgan reporting right now bank of america up 2.5% coming out with better profits, 17.19. ashley: president obama speaking from north carolina in a few minutes on a new effort to boost manufacturing, hopefully create jobs. rich edson with a preview. rich: ashley, this is part of a private initiative the president announced last year in his state of the union address. the white house is calling the president's year of action previewing the white house fighter saying he will be looking for areas of bipartisan cooperation but he won't be waiting on congress to act. he will use his executive authority his pen and his phone to work with anyone to get things done. on this republicans say they are skept

nicole? >> when they come out and talk postively, analysts talk postively about certain stocks they get a pop and we're certainly seeing that with solarcity. morgan stanley talked about twitter. we'll talk first about solarcity. that was a goldman sachs call and the stock is up 7.8%. what is interesting they were not hot on first solar. first solar is down. they like, twitter, by the way morgan stanley cut it. there is concerns about ad space overall and that it is fully valued. they have a $33 twitter and sitting at 66 bucks. they think there are better choices in the space inexcluding facebook. back to you. connell: thanks. >> go to cahchi's to get coffee. >> i got to get out of here. i think i'm going to lose it. >> sounds like somebody has a case of the mondays. connell: looks like everybody has a case of the mondays today. there is research saying that the first monday back from work in the new year, which is this year, january 1st, is the most depressing day of the year. some reasons in

nicole: retail is a big story.s many retailers, foot traffic in stores as well so fewer customers coming to the stores to walk around and look around but that being said their same-store sales dropped, north american sales were weak, left with what one analyst called stale merchandise, they have a new creative director, a new chief executive, new elements that will be coming into the stores but for the moment there is a lot of stuff everybody knows and they face intense competition from system pacific turning the name over to -- they have tough competition. ashley: time to make some money with charles payne. the sky is the limit with a tech company that has been off to a great start in 2014 fiscal year. tell us about this. charles: i have to chime in on this. when you talk about aspirational is like people feel like they climb the ladder in life and right now there's a lot of women i know, going backwards instead of forwards, they got to figure out a way to become aspiration again. sky works is a chip company. they

nicole, thank you.eak jobs surprise our next guest says beware of consumer sectors. get outside the u.s. a little bit. joining us, russ koesterich, black reock global chief investment strategist. unfortunately consider mean on a vacation that couldn't be so bad. you're talking about diversifying outside the u.s. equity market, aren't you? >> i am, tracy. in think of the think of the extraordinary year for the markets. stocks had a fantastic time of it. we think stocks go higher in 2014 but not likely to be dominated bit night as it was last year. we've been advising clients, look abroad. look at europe. look at japan. look at other parts of the world rather than having all your eggs in one basket here in the united states a lot of people feel the consumer is file finally feeling better. you don't think so. is that because all this money is not trickling down to main street? >> there are a couple of things. the argument about more international diversification that is mostly about valuation. in some ways

nicole petallides on the floor of the exchange. hey, nicole? >> tracy, ashley.and looking how the nasdaq composite is one third of 1%. the s&p 500 is pulling down .2 of a percent. yet the dow is up 60. why is that? market breadth is weak, right? you have 275,000 shares to the downside. a million shares to the downside, versus 177 million. market breadth is weak. nasdaq an s&p are weak. you know why the dow is higher? american express and visa. those are the two names propping up the dow jones industrial average. if it weren't for those two names, the dow also would be in negative territory. that being said we've gotten in housing starts and building permits. building permits were a little weak. housing starts a little better than expected. it was a pullback. sentiment was a little weaker. mixed bag with earnings and the like and company news. morgan stanley and american express at new highs. ups and general electric pulling back. google all-time record highs. a lot is going on here on wall street. there is a look at morgan stanley, out with their numbers. as i n

her name is nicole. if the crime here was con siling an abuse of government power, that appears to have happened in that testimony that day, before the new jersey legislature. all that false testimony from bill baroni. that was back in november. the documents we have so far indicate that not just governor christie's office in the form of bridget kelly, applauded and said, oh, we're really happy with that false testimony. even though bridget kelly was in a position to know it was false testimony while she was applauding, but now we also know that a person who appears to be a staffer from the governor's re-election campaign, nicole, said the same thing. good job! you good great. and maybe she did not know it was false testimony when she applauded it. maybe she thought what bill baroni was saying was true and she just liked bill baroni's style when he delivered this testimony, or maybe she knew it was false like bridget did, since bridget appears to have ordered the shutdown in the first place. one more thi

let's bring in nicole petallides who is back from her own holiday. nicole? >> reporter: thank you and happy new year to everybody. we are taking a look at herbalife and a couple of others when you talk about an initiative that now is moving forward from the ftc as they're looking at weight loss products. and perhaps descent i market -- descent i have marketing. and just the talk of it, it doesn't mean these companies are doing exactly that. but just the talk of the fact that the ftc is now moving forward, they're going to have an announcement next week. and doing a new initiative against deceptive claims made by national marketers of fad weight loss products. and this will now be, move into next tuesday. that's when this initiative will occur and we'll find out some more then. that's when the press conference is. and the press conference may give us a glimpse into some problems or maybe everything is perfect. in the meantime, herbalife has been to the downside. we're also watching new skin and some of the other names, sometimes you think of it as personal ca

not nicole. >> not-not. moo.ff the air, and i think the fact that our show has been so open arms toward him, because we enjoy having him on, and he's a frequent guest, that we actually need to show extra scrutiny. and i think we're trying to do that without the vitriol, the frothing mouth and the slobber going down our faces, which i think has been seen on the left. >> -- when the slobber, because this is what, to me, i think separates the media from the public. i think the public is -- not only are they more deserving of the truth, especially the people of new jersey, but i think they're more patient in terms of waiting for the facts to come out, than most of the media. and i have sat here, and we've been incredibly critical of governor christie when he made his votes on -- or when he signed bills that weren't as strict on gun control than we might have hoped he would be in the wake of newtown. i've sat here when we've been plenty critical of governor christie and the way he's governed that state. we've held his

nicole petallides. stocks at session lows. nicole: they are, indeed.ay. the dow right now down half a percent down 85 points at 16,350 at the moment. it continues its drop. continuing to drop down 90 points now. the nasdaq composite down half a percent. also the names are lower. disney, exxon, chevron, energy names in there. retailers coming under pressure after a tough holiday season. we will talk about dow component merck. this is on a blood clot preventing drug that should get approval from the fda. up $2.75 per share. that is great

nicole petallides has the latest.e same, i walk around for talking to traders doing the same thing you're doing which is looking at the dow 30 and here is a look at it, plenty of red on the screen and boeing and coca-cola big laggers, boeing counting for 50 negative dow points. i wanted to look at some traders looking at very closely. see the white line? the 200 day moving average. the red line is the 50 day moving average, this is the s&p 500, what traders of looking at. this is the prior day. see how we held on to the 50 day moving average. this is where people start to worry. you look at that. that is the s&p 500, that looks -- you see this drop we this scene in the last week or so the s&p is down 3.7% this year, the dow is down 5%, it shows you we are in some sort of correction type mode and it continues until you start to see a bottom that it actually holds. in the meantime you break through moving averages and technically there it is. tracy: could be buying opportunity. time for your tweets, fill in the blank, j

nicole: that is right. here is not look at exxon.8, exxon, the profit dropped. what happened? declining production. they're making things a little better, what is going on going forward and the company will wrap up exploration projects in the next couple years. that is the news on exxon. it is down today 1.2%. that is where the profit beat the streets, sold off assets and slightly to the upside. ashley: thank you very much. tomorrow's business today, stocks on a high, some gained 1700% in value in recent weeks but our next guest says this should be approached with a lot of caution. the head of marijuana investing 420 investor has an expert look at this growing sector. that is the end of the pun but every time we do a pot story, these odd penny stocks, volatile, dangerous, but you have subscribers, people getting into this niche sector, don't you? >> nice to be here. i want to say i am very pro cannabis. it is a dangerous time in the market. dangerous in the a good way. there is a lot going on, very positive, got back from colorado wi

nicole petallides is at the stock exchange with more. nicole: absolutely right.hen you talk about emerging markets we are watching turkey and other economies and watching currencies as well. i was reading headlines a short time ago about policymakers knew that emerging-market could be the wild card in a worrisome part of the market and that is what we are seeing. the dow is down 107 points, not a terrible day but a down arrow day down 1/2% and earnings of come out and we have given guidance for many of these companies that seem to be a little light, and that is weighing on the dow jones industrial average. the major average sitting on technical support levels, that is another factor and i won't leave out fit day. today is the day policymakers give their latest ideas so we will see what the federal market committee comes up with and whether they could continue their capering plan. connell: the next conversation about the economy. we will begin with president obama's state of the union address last night, vowing to act without congress. lot of talk of executive ord

okay, nicole.blic labor unions filed suit to seek to overturn the first-of-its-kind public pension reform law. it is supposed to close illinois's $160 billion unfunded pension liability but the labor unions call it unconstitutional. illinois state treasure and candidate for governor dan rutherford was against the law because he warned it would not pass judicial review. in an exclusive with fox business, rutherford said it will also fail to save illinois taxpayers mon. >> i let me respond to the constitutional side, adam. illinois has a specific clause about diminishing benefits. as i looked what i had, in fact the bill wasn't even available at the time when they made it be known over the thanks give being weekend. from what i could understand of it i had major concerns about the constitutionality, that is number one. in real terms there were no actuarial numbers available to the general assembly or governor or myself as straight treasurer. whether it was known to be a bill of goods at that time, i

liz: thank you, nicole. we are at the nasdaq we thought we would have some fun with facebook in particular by looking at some of the ads it's been sending charlie gasparino. it must be good. charlie: i don't know why they're targeting me with these ads. i got one for opiate addiction. i get a lot do you like, single women. i do. liz: i don't hate them. charlie: do you use steroids. the picture of john travolta's head. i'm asking people why do they do this. apparently my crack producer says that facebook's ad targeting is more accurate than the industry as a whole, so i guess i'm giving them some reason, right, to be targeting me. liz: reading your e-mails. charlie: maybe it is my web searches? liz: are you searching steroids? maybe all the herbalife searching. charlie: why the hot women? liz: facebook is jumping double-digit percentages right now. charlicharlie: because of this w app. what we're hearing from analysts talking to some analysts, lot of alice expect facebook to just keep doing these apps and to

nicole?every 15 minutes here on the fox business network it is imperative we check in on these markets to see how we're faring. of course 2014 has been a tough one. the dow is coming up off the lows of the day. don't forget we were higher earlier in the day and new home sales came in and crushed the market to a certain extent. now down .2 of 1%. the vix, the fear index has changed direction is now red after running up earlier in the day. that being said the caterpillar is helping dow keep close to unchanged line because of good numbers and buyback and good outlook. we'll keep a close eye on apple. not a dow component but big mover on wall street. how was the holiday season? it is up .6% at the moment and bidding mobile payments businesses to buy good and services to enable users to do so according to the "wall street journal" a lot of headlines surrounding apple. back to you. lori: you have it covered, nic. thanks. grammy awards raking in 2.5 million viewers, barely beating 28.4 million last

nicole: what is to light?cipation rate which dates back to the lead 70s shows you americans are tired and annoyed and don't want to look for jobs, they were too cold, they didn't believe they would find that men didn't get out and search for jobs. we watched bond yields dropped like missiles and other things moving higher, we saw gold moving to the upside and the market's overall moving back and forth and not doing much of anything, dow jones industrials, 46 points, technology doing better, energy transport holding on. a lot of stories in retail, in the drug sector but the big picture is the trend for 2014 has been to the downside and 1% for this year but is ending this week in the same fashion. tracy: the first week of the year. we will move over to the jobs number showing up in gold. sandra: interesting reaction. a lot of green arrows, gold prices spiking $16, fear trade being put back on over the last month or so, the unwinding of the trade that were happening during -- before the fed announced they would s

nicole petallides is there. nicole: let's take a look at how comcast is faring.ight now. 1.7%. of $0.94. 53.44. the largest u.s. cable provider. by the way, quarterly subscribers sometimes more than six years. they continue to build upon that. great news for comcast. connell: these concerns about the emerging markets and the stability of the markets. they could take center stage. the asian president is personally stepping in. connell: could this be a warning sign? should we be concerned about a move like that in china? >> we need growth out of china. connell: it has been in the conversation. investor confidence polls show people are pretty confident. is it because it has not reached them yet? >> good question. it has had a real boost over the last month. it shows what actual institutional investors are doing. this is a real not to fed policy. they are also seeing u.s. growth coming on track. that is why we sought u.s. investor growth shoot up. dagen: why the selloff here? >> the u.s. investor, that is not what we are tracking. we are tracking big institutions. pe

nicole petallides, you have some movers you are watching right now, nicole. nicole: we sure do. crossing out the new high throughout the day. the latest one 11:30 659. a couple speaking positively about google. deutsche bank called it a must own stock of 2014. other names were watching, netflix has come under little bit of pressure today, because morgan stanley downgraded from an underweight to an equal weight. other viable alternatives to netflix would be amazon prime instant, hbo go, who plus. not to say netflix isn't great, but just concerns about the alternatives there. tesla with at&t. st. jude getting ratings hitting a new high again on the s&p 500. back to you. cheryl: thank you so much. nicole: thanks. dennis: a deep and bitter freeze gripping most of the nation with temperatures plunging to record lows. fox news rick leventhal in new jersey. hard to tell with a hood. >> i took the mask off, but i wish i had it on. negative 12. i don't know how many people would normally be on the street at noon, but there is virtually nobody out here because it is so bitter cold and pai

nicole: it appears to be focused -- by the way, google is up 1.6%. to be focused on thermostats and smoke alarms. it is according to the wedbush analyst. this is a big step for google to go inside consumer homes. this is a 3.20 yeah dollars to buy this maker. it could lead to promising products in the future. this is the second largest in the history. back to you. connell: all right, nicole. thank you. dagen: they are great thermostats. i have one in my house. switching gears. that the martoma. accused of insider trading. connell: spec -- speculations with testifying. we have an sec attorney. she is joined by her good friend charlie gasparino who is here in the studio. first, what do you think, elizabeth? >> i should say, by way of disclaimer, former sec attorney. i think there is almost a 90% chance that this man will split mathew martoma. everybody is on pins and needles regarding his sentencing. he could face over 20 years in prison. easily. that is a long time for a family man. connell: are you flipping, charlie? charlie: i think it is 5050. if y

cheryl: nicole, appreciate it.l, the banking industry has gone through huge changes since the financial crisis. it's still trying to find its footing in the ever-changing regulatory environment. so what is in store for big banks in the next if few years? liz claman sat down with one of the industry's heavyweights, citigroup's ceo michael corbett. take a listening. >> cheryl, one thing you have to know about davos is that the halls are crawling with bankers who are striking all kinds of deals or making relationships. listen, we've got the heads of morgan stanley and goldman sachs, credit suisse, deutsche bank and perhaps one of the toughest gets, michael corbett of citigroup. he is running the company right now, and he's sitting right next to us here this our fox business tent. what's your davos like? are you -- you're not on a popularity tour. are you striking deals? >> i think, you know, when we look at davos, you come with a few things in mind. one is it's early in the year, and i think you get a good sense as bu

connell: let's go back to nicole and talk about xerox. nicole: the s&p is down.to xerox. the number two loser on the s&p 500. a loss of 3.7% today. a loser for the month as well. this is because you have a couple of analysts cutting xerox today. let's talk about what barclays is seeing. they are worried about cash flow. also the fact that the yen continues to depreciate. that lowers tte cost. other competitors are getting in on that game. that could be a disadvantage for xerox. they saw a one-year chart. that was nice. 42% to the upside for xerox. it has been under suppression. dagen: thank you. home sales hitting their highest level since before the housing crash. the agency founder and ceo joins us now with a look ahead. mauricio, when you founded your business, what was last year like for you in terms of growth from the previous year? >> last year was unbelievable. we saw tremendous growth. we grew about 30% ourselves. prices were up. volume was down. we are looking forward to 2014 now. dagen: how big of a sale could we possibly see? >> i predict we will see s

welcome to you both. >> thank you. >> nicole, our sincere silver condolences.e you have felt the well wishes of everyone around the country. we can see that you are still on the mend. how are you bearing up? >> hanging in there, yeah. the gunshot wound to my finger is the least of my worries right now. that will heal. the real pain is my heart and that will take a long time, if ever, to get over. >> that's understandable. i know your only major concern is your beautiful little girl alexis. how is she? >> staying strong for her. she's luckily thankfully at a young age where i don't think that this is going to have as much of an impact on her right now. she doesn't know what's going on. but there are times at night especially that was my husband's ritual to put her to bed and it's times like that where before the last thing he would say to her before tucking her in is that you make me so happy, daddy's so happy, lexi and she would say, me happy too, daddy. lexi happy too and those are the times that i'll never be able to replace. that's when it's hard. >> cling t

sandra: thank you so much, nicole. hitting a 52-week high after dan loeb announced he had taken a stalk in the company in his fourth quarter letter to investors. loeb disclosed that dow chemical is now the fund's largest position. loeb is, of course, credited with successfully installing marisa may writer as ceo of yahoo!, so what are his plans for dow chemical, and what will it mean for the company's stock? joining me now from san francisco is alpha clone's ceo. thanks for joining us. >> thanks for having me. sandra: so what was your reaction to dan loeb taking, disclosing this position in dow? >> yeah, not surprising, you know? activists tend to like really large companies that are very complex and hard to value. and they usually advocate for spin-offs of divisions of the companies to unlock that value. you saw that with dan loeb in sony, you saw it with icahn and time warner, you saw the other media conglomerates, news corp. and viacom, both spinning off divisions. so this is pretty par for the course for activist i

cheryl: you've been giving me a lot of good news today, nicole. i appreciate it. thanks, nicole.ould investors navigate the stormy waters in the market? the largest global professional services organization, formerly known as ernest and young, has released an investment road map for 2014. liz claman is with global chairman ask ceo mark weinberger in davos. liz: we're about to give you a road map for 2014. ernst & young put out a very special ranking so the best investment and entrepreneurial opportunities coming up this year, and we have global chairman and ceo mark weinberger. i'm going to pick his brain about that and about your experience in davos. welcome. >> thanks, liz. liz: where are the best opportunities for investing coming up? >> the good news is, it's expanding across the world. we are seeing the emerging markets a little more tentative because even though they're growing faster than developing markets, they're slower than the last couple of years. u.s. is becoming a new investment opportunity uncolleague the last -- unlike the last several years. liz: isn't that inte

tracy: thank you, nicole. of bank earnings season, we bring you an all-star panel. marti mosby, guggenheim securities analyst and here in the fox business headquarters our very own charles payne and lizzie mack. marti, you have buy ratings on jpmorgan and wells fargo. jpmorgan is the biggest punching bag of them all. you say hopefully it is done and they're off to a good year. >> we're looking at core profitability generating a 15% return on tangible common he can quilt. with the overhang issues, you've seen the overall valuation be pressured. so they're not reflecting the profitability that they're already creating in the core business. they have generated the settlements. so we have those losses, we incurred all that noise. we say the majority of those issues are behind the company. as they look forward we'll see more core profitability, less focus on those issues as that happens, we should see some of that premium comb back into the stock price which we've already seen as a lot of these settlements have bee

nicole?n expected quarterly profit helps caterpillar move up 6 1/2%, a huge move for caterpillar and keep an eye on john deere as we well, your favorite a track for. >> that's helping for sure. how about cisco. >> 29 points because of caterpillar. let's get to cisco, downgraded cisco and basically there are concerns about the weakness in emerging markets and delayed spending in that market. so, brokerage cut the stock target to 17 bucks from 21 bucks. >> it's a door stopper as usual. thanks, nicole. let's bring in ed butowsky, the money manager to the wealthy. ed, you say the caterpillar rally is a red herring, i think you think there's more selling to come? >> there's no question. if you hit, i think the number, we're about a very, very small amount of money, excuse me, points below where we need to go, where we see a massive selloff. when i say massive selloff. i think computer driven selling. i think we've got a lot more down side. the earnings on caterpillar are better than expected, but