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. >> we turn now to chris shaffer from wcco, chris, how long does this weather last for? >> i would try to have some indoor plans for at least the next three days. it's a strong cold snap and you can tell by the forecasted highs, these are not overnight lows here in the midwest, minneapolis, st. paul lucky to get to 15 below for a high, chicago to nine below. you can see that bitter cold air, that subzero air stretches as far south as st. louis where folks might be lucky to get to 2 below for a high tomorrow. >> jeff: even farther south below that, what does that mean. >> jeff, it's bad enough that the air is cold, the other factor we have to deal with, strong winds. we have a windchill warning if play for pretty of all of the upper midwest but watch how far south this stretches, warnings all the way down to alabama and georgia and the windchill advisories push all the way to the coast. if you want to put salt in the wound too it looks like folks in alabama could be dealing with rain changing over to snow and perhaps a light accumulation in parts of northern georgia. >> j

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chris shaffer, thank you.the weather would've made a mess of things anyway on a major travel weekend with people coming home from holiday trips. but new rules that take effect today, limiting pilot hours in the air, are creating ripple effect chaos around the country for passengers who are trying to re-book flights. look at this map from flightaware.com. anywhere you see red. that's an airport designated as "miserable". and it's only going to get worse jeff pegues has more: >>reporter: at regean nation airport passengers were working hard to get home. linda barone lives in long island, new york. >> i was supposed to leave on thursday. >>reporter: airlines are trying to get back on schedule after several days of storm-related cancellations and delays. but the new rules governing pilot rest brakes are throwing a wrench into the already higher travel weekend. new f.a.a. rules limit pilot's flying time to eight or nine hours, depending on when they start their shifts. also, a ten hour minimum rest period prior to

. >>> for a look at the other stories is scott shaffer. >> hi. >> political announcement this week from the former lieutenant governor. he was running for governor, and decided to drop out. what happened? >> he did. in a nutshell, able was unable to raise any money and get any traction. you would think he would be the kind of candidate the republican party would like. he's a moderate latino. but the base of the party, the conservatives have never really trusted him. so he decided, why waste my time, basically. >> he angered his own part when he struck a tax deal with the democrats. who does this now leave against jerry brown? we're assuming he will run for reelection. >> it's a thin field. you've got tim donnelly, a tea party favorite. very conservative. going to turn out a lot of latinos to turn against him, because he started the minutemen. and a liberal republican, neil, who some feel could be a very appealing face of the party, a new generation of lirds. we'll have to see if he jumps in. >> another big piece of political news this week, congressman george miller, one of the most inf

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do you always travel with a truffle shaffer? >> only during truffle season. >> as a gentleman must.in-action photograph. people are going to be expecting wait, where is my fist-sized truffle? >> can i get the truffle option, please? >> oh, of course. don't forget the foie. >>> quebec city, one of the oldest european settlements in north america. samuel des champlain, known as the father of new france, sailed up the st. lawrence and founded the site in 1608. the site in 1608.' when the fighting started with you know who, quebec city was the french stronghold until the bitter end, when the french fell at the plains of abraham. ♪ the french may have lost that one, but some things french have stayed firm, unbowed, resiliently unchanged by trends or history. the continental is the kind of place which i am unreservedly sent mental. >> i remember eating here with my grandparents here. >> classic, un-ironic cuisine a la siene, meaning dishes you haven't seen since like forever, a hipster-free zone of classics, such as -- caesar salad, tossed fresh to order tableside, and beef tartare, prepa

and the executive directors agreed dash shaffer. hilary's operation and but it seems republicans would have said wise to double the author to bring it to the republican party. what do you seek? >>. >> the republican party has failed to how they make seeing this figure. with that satisfaction friday only 18 percent trust the government. lou: 80% of the country? but the republicans don't get it. >> but it is a way that is motivating. >> health care, energy, workplace reform comedy regulation is so much. lou: is it a foregone conclusion of the republicans are so inept they cannot take back the senate with this historic opportunity in front of them it is amazing to watch. >> is strewing it is faltering and clearly chris christie did not help but going over is not such a of a great side for vice president bided. he was taking a look that is definitely an interesting saying that is happening today. >> there are seldom the place is to start. with national security and attorney-general so to contemplate some sort of arrangement? >> this is

with me now retired colonel and senior intelligence officer tony shaffer who is also a signier fellowhe london center for policy research and director on the national commission of intelligence and foreign wars. all right, colonel, thanks for being with us. >> you bet. >> we know from the past few weeks that the grid can be damaged in two ways. one natural, and the other more sinister, a terrorist nuclear device. >> right. >> you have worked on weapon niced technology for defense intelligence agency as have you been mentioning they said that was preventable. preventing the damage to the grid if we play our cards correctly. there is two categories. you are talking about solar fl conditions to take out not necessarily just cities, we are talking about regions or entire countries. the same sort of thing can be done, judge, using a nuclear device of a certain class and a certain explosive effect. these are real things scientifically based and proven. we have our own weapons that can do this. should this happen? what would the consequences be? tell us. some people think just the lights go

>> the most members we'd have on a team is nine members with three guides and 12 shaffers. >> what kindperience do they need in order to come to you and say, you know, i want to do this? >> we like to have -- to build the experience ourselves with our members. whenever possible. so we love it when people come to us with little or no climbing experience and we take them through a series of peaks around the world. it could be done in a year if you have unlimited time and funds. for most people it takes up to three years to build the skills they need to go to everest. >> are there other mountains that people ought to know about besides mount everest to maybe add to their list of things they want to think about doing? >> absolutely. kilamanjaro in africa. it's an incredible place to experience,ality tuled, while not climbing technically. and anyone can achieve it who has a good level of fitness but it is an intense experience. >> don't you have to start very early in the morning? >> yep. the final summit day on kilamanjaro takes 12 to 14 hours. you usually climb through the night and the da

he got to interview with the people here, scott campbell, brown, eric shaffer, and of course also he met with dan snider. so what we found is the guy i really come back to one of the greatest quotes i know in sports or life that former washington red skins coach mark levy was in the hall of fame that said -- where would you rather be than right here right now? that quote is really what we were looking for. someone who had the fire in his belly to come and lead the washington red skins this season. i would like to introduce to everybody the new head coach of the washington red skins, mr. jay gruden. >> thank you. [ applause ] >> thank you, first off, i'd like to thank my family. my wife sherry is in the audience, my sons joey jack, my other son jay jay couldn't be here, my mother kathy gruden, she's at home watching, i'm sure. my dad jim gruden, football coach, a football man, a football person, really instilled passion, commitment and loyalty to me at a very young age in the game of football. my brother jim, who taught me there's things other than football that are important and of c

but not everyone is convinced, including howard shaffer.rvard medical school division on addiction and the man the gambling industry loves to quote. >> your position is, machines are not addictive, that machines, inanimate objects, are not addictive? >> machines didn't make me do it. if slot machines caused addiction, then most people who played slot machines would develop addiction. and it's the opposite. >> but at one point, you said slot machines were the crack cocaine of gambling. >> i did say that. >> and how does that square with what you're telling me today? >> not everybody who uses crack cocaine becomes addicted. >> yeah, but nobody's gonna sit here and try to tell me crack cocaine isn't addictive. and if this is like crack cocaine, the conclusion is that it's addictive. >> i don't come to the same conclusion... >> how could you not? >> because the majority of people that have used cocaine have not developed cocaine addiction. only a small minority have. and the same would be true with gambling. >> the problem is that that small mi

let's bring in dan shaffer, president and ceo of schaeffer management for interesting places in the newlly bullish and you were sort of bearish and the dow was up 27% but what about this year? >> you will be an interesting year. the cycle usually asks three to four years. we all know the market is being generated by federal reserve money and the economy doesn't match the earnings these companies are making. the question is when it the bubbled going to pop and the party will be over? in their respective in the lot of calls from people would like to now? don't want to be on the equity side? coming in with his absolute return model which is where people should be going. very dangerous at these levels. dennis: tell us about the coffee. >> coffee has been in a decline for three years in my d stationary scenario with gold and other commodities. technically making a turn and what happens when you get an abundance of a crop? growers don't grow so much so commodities go in cycles. we had a decline in coffee prices and in a technical breakout the prices of coffee start to rally to a 25% to 50% re

. >> we welcome ryan dieterich from shaffers investment research. what do you make of today's action and this selloff? we've been hearing some options traders were not expecting a meaningful move. they've been still selling the volatile any this market. not expecting a big move lower. what do you make of what's going on here? >> bill, when you get to today, the kind of mic -- it'sen coura. yes, we've gone sideways. when you look at that big rally, to me it's constructive. we're going sideways with the right leadership. you mentioned volatility. you look at the vix, currently over 7 million calls open, which is near an all-time high. in other words, there's a lot of people out there that are hedging against higher volatility. the big question is, is that smart money? you look back recently, it hasn't been for the last 18 months or so. the last time there were this many calls open was august of last year before that good four-month rally. could they be right this time? they could be. history says usually we're not. maybe the mass is usually wrong. vol

colonel shaffer thanks so much. >> thank you, brian. >> 18 minutes after the hour.ext, big news for our nauseous's military members and their right to bear armors. we'll tell you what was approved. their cell phone doing more than sending texts and making calls. it could selling your privacy at a price. ♪ ♪ wisest kid? we need a new recipe. let us consult the scroll of infinite deliciousness. perfect. [ wisest kid ] campbell's has the recipes kids love. so good! [ wisest kid ] at campbellskitchen.com. [ gong ] m'm! m'm! good! on expedia you canyou're book any flight, [ wisest kid ] at campbellskitchen.com. car and hotel together and ve up to 20% wn you build your custom ip. expedia, find yours. ♪ ♪ ♪ ♪ ♪ >>> quick headlines. a victory for second amendment rights. the n.r.a. bringing back the nation's largest outdoor gun show. it was canceled last year when organizers announced sales of assault weapons would be banned. it returns this saturday in pennsylvania. and in iowa, a bill has been approved that lets active duty members buy guns without a permit. right now any