The market loved it. On technology, apple invents a scratchfree screen and here is the kicker, theyll make it in america. Varney company are about to begin. [ male announcer ] onc who found a magic seashell. It toldim what was happening on the tradg floor in real time. The shell brought him great fame. But then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their Trading Platform. [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a. Shell. Get live squawks right in your Trading Platform with think or swim from td ameritrade. Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. Got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Happening now, and happening again. The south getting hit with a winter storm again this morning. The National Weather service for the second day calling it a catastrophic event. Snow and ice from alabama to virginia. The governors of georgia and alabama declaring states of emergency. 54,000 out of power in gary ga already with a lot more to come. For a second im going to play weather man. Look at the size of this storm. Basically, it covers, really covers the entire southeastern quarter of the country. This is going to effect the economy and the northeast is getting a foot of snow tonight and into tomorrow. Got that . Here is comes. Thats the extent of my weather forecasting. Here is one way its going to affect the economy. State and local governments running out of Snow Removing money. City in all of these states and entire state of new jersey flat out of money and some are dipping into reserve funds to clean up the winter mess. Add that to people staying indoors, not shopping, not looking for work, and thats been a big drag, were on it. And 20 seconds worth of headlines from technology. Square, mobile Payment Company partnering with home food offering squares Payment Systems in the scores and already offered at thousands of starbucks, its growing. Twitter testing out a dramatic redesign. The new like highlights photos and initial reviews, it bears a strong resemblance to facebook. No word what it could launch officially, but its different. Alibaba launching a u. S. Based ecommercial website called 11 main. It will offer quote, interesting quality products from hand picked shop owners. The real question, is alibaba closer to an ipo here in america as big as facebook. And the markets, janet yellen had something to do with it it, but i think its more to do with the clean debt bell. The opening bell, i think were going to hit 16,000 in a moment. [ male announcer ] e new new york is open. Open to innovation. Open to ambition. Open to boldids. Thats why n york has a new an dozens of tax free zones all across the state. Move here, expand here, or start a new business here and pay no taxes for ten years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. So i deserve a all Business Credit card with amazing rewards. With the spark cascard from capital one, i get 2 cash back on ery purchase, every day. I break my back around here. Finally soones recognizing me with unlimited rewards meetings start at 11, cindy. [ male announcer get the spark Business Card from capital one. Choose 2 cash back or double miles on every purchase, every d. Whats in your wallet . I need your timesheets, larry those summer days so we showed you pictures of snow and ice and traffic crawling along. And were playing you fun in the summertime from the temptations. And were trying it to make you feel warm even if youre not warm. All right, weve got 50 seconds until the opening bell. Im going to take you right now to chicago to discuss yesterdays rally. All right, scott shellady. Up 200 points. I say it had a lot to do with that debt deal. No strings. Blank check for the president. Do you agree with me . I agree thats about 35 of it, stuart, i think that would have been the icing on the cake and also Janet Yellens q a, not just the text released when we talked earlier, but her q a gave traders comfort, its full steam ahead. No changes, she didnt deviate from the plan and now we know we have a got in front of us, i think as the market told you on friday, we had oversold conditions where people are now catching up and yesterdays volume tells me that traders short to investors had to get back in and the sellers had to hold their hands back. Stuart thank you, were about to hit 16,000, i think. The dow is about to open and closed at 15,990 and small change yesterday and now were up to 50 there you go, 6,000 on the button. We crossed it yesterday, but now were opening from 16,000 and away we go. The Farm Equipment maker, deere, they make my tractor. Strong what is it, strong sales or profits, what was it . Profit. Im going with profit. It did have stronger than expected profit in the latest quarter. They seemed to moderate demand for the fabulous tractors that you love so much. They gave their forecast which was good and theyve been cutting costs as well to just keep everything under control. And the stock right now is down about 1 2 a percent. Stuart well take that. They are good tractors, by the way, im not going to endorse one, but i drive one really good. And ive got to talk about the tech break through for apple. The break through is scratchfree screens, but the big story here is theyre going to make them at america at their mesa, arizona plant. That at least is the buzz. Apple continuing its modest progress. 537 on apple. Alibaba launching a new u. S. Based ecommerce website. Yahoo owns a churning of alibaba. We look at the stock. Now this, more than 200 Million People viewed their facebook lookback video. And sandra, i think this is an indicator of active users on facebook. Now, that a good indicator or bad . Theres 1. 2 billion users. They sent one to every user only 200 million viewed it. And people havent been on there several days if they havent opened it. Stuart the lookback is what we talked about the other day on the 10th anniversary, anybody on facebook, you asked for it and you get the lookback, they will make for you, a one minute video of everything youve ever done on facebook. Pictures were commented on the most or pictures that got the most likes and assembled it. Its a project that Facebook Says they want to do more of Going Forward and the other number here is 200 million viewed the video and sent to 1. 2 billion users. The 200 million who opened and viewed it half of them shared it and thats the goal that facebook has is that people open and send this and then its exponential the number of people. Stuart and done the stock a power of good, facebook is now in the range of 64 a share, 2 cents lower, but it did open a little higher. Did it cross 65 by any chance . Im not sure. 65. 06 it hit this morning, pulled back a little, but youre still way up there and i think thats the lookback figure that has something to do with it. Move back over to twitter. Its redesigning its home page. Im not sure i can show it to you, but its a redesign. There you go, look at that. Doesnt it bear an uncanny resemblance to facebook. Facebook and maybe youve never been on pinterest, those who use it it looks like as well. And twitter definitely trying to make their interface more user friendly. Thats the big complaint from users and potential users, and it looks complicated. And i happen to be a new twitter users, i resisted for a time. And i love my separation of personal and professional. And i felt it was comingling however im living in and doing it and let everybody know i was going to be here today. I think its a great product. It is difficult to use or possibly making it look more like facebook that has many more users might attract more people. Stuart up nearly a buck. Not a bad gain for twitter. This redesign has been long expected and long hoped for, i believe. Take a look at the dow over the past four sessions. In those four session, its up more than 500 points. Lets bring in market watcher shah gilani out of winters way. If i see palm trees in the background, im going to scream. Is the selling over . Are you prepared to say its over, its done, bouncing back big time from here . Im not prepared to say its over. I think this bounce has been a bit of a rally in the alley based on yellens comments yesterday and i think the market looked at that and said j yellen or calling the jelly roll put. Theres not going to be a problem, were going continue tapering unless we see metrics that we can decide upon we will maybe add to our purchases. So she left that wide open, the market loved that and loved the debt ceiling compromise in terms of theres no attachments to the bills going through and there are positives there. Additionally 19 billion came out of the market week ending the week ending of february 5th. Thats a lot of fire power to come back into the market and continue this rally. It looks positive. I read your stuff and i know youre in sunny miami and i read your stuff. Youve been going on a lot about google recently. Didnt you call google the tech titan and theres no stopping it . Does that imply google at what, 14, 1500 bucks a share . I dont have any price target for it. But if you look at what google is doing, theyre in the constant edge of the envelope pushing and pushing and pushing and its the tech bellwether. Its a oneway ticket higher. There isnt any better against google. Anybody who tries to is foolish. You may have picked some topic, so google is simply the bellwether of the technical center. If you own it, you obviously love it. Got it, shah. Im coming ashore because youre back at the beach. Ive got to get back to this massive winter storm. Its crippling the south and thats not an exaggeration and its moving up the east coast. Sandra, this winter wont quit. I mean, it really is having a negative effect on the economy. This is not just some invented story here. You cant really quantify it it, can you . The first thing you think about, everybody trying to stay warm to heat their homes, its pushing the gas prices up, the best performing commodity and Heating Oil Prices are coming up. Gasoline prices are starting to skyrocket and oil prices are up more than a dollar now. Theyve retaken, 100 a barrel and while oil prices go up, expect to start to see the gasoline prices go up at the pump and this obviously is a big threat to refineries along the east coast and this could become a huge problem for the consumer thats already but is it not going to give the president a campus for weak job numbers and weak Economic Performance . Hes got Something Else to blame. Its going to be all about the weather. Stuart it is, rightly or wrongly. People didnt shop, didnt go anywhere. Stuart my family isnt. Were holed up, cant get out. People arent going to restaurants and you ask the taxi drivers in the city and they say people arent going anywhere. Stuart its abouten four days since i ate the mcdonalds, thats astonishing. Stop laughing. Were bringing the latest in geewhiz technology and varney. Today no exception. Joining us from the New York Stock Exchange is dr. Joseph kim. Hes with indovio. This Company Makes cancer v Cancer Vaccines from individuals dna, correct . Stuart, absolutely. Were doing the things that people were dreaming about many years back. We can engineer and empower our own immune system to fight off cancer and treat cancer. So thats what were doing. Stuart youre doing this on an individual basis. And you take, for example, my dna and structure a vaccine to fight cancer from me personally, is that accurate . Actually we take the dna against everyones cancer and we can use off the shelf product that were developing to develop those products. And one more item, doctor, you got backing from bill gates from what im told is a synthetic malaria vaccine. How much did he give you . Weve been funded through several Million Dollars to do the preclinical research, through the Malaria Vaccine Initiative and were looking forward to taking those products into clinical evaluation later this year. Stuart are you able to tell me that you are making Real Progress with a synthetic malaria vaccine . Can you tell me . Are you allowed to tell me that . Well, in published preclinical studies in animal testing that we were able to generate very he high levels of the immune responses, which often are seen as a productive response against malaria infection. Were making true advancements you is record. Indeed for joining us from inovio. Its up in the past year, appreciate it. Thank you very much. Stuart where are we . Firmly im not going to say firmly above 16,000. Were up after a nearly two point rally yesterday. And applebees franchisee, outspoken critic of the health care law, he has hundreds of employees. Hes after the break. First, a quick reminder, Varney Company is moving starting february the 24th, 11 a. M. To 1 p. M. Brand new hours. I promise you well get the same quality varney, powerful headlines, fresh perspective. No jargon. February 24th. Youve got to be there. announcer scottrade knows our clients trade and invest their own way. With scottrades smart text, i can quickly understand my charts, and spend more time trading. Their quick trade bar lets my account follow me online so i can react in realtime. Plus, my local scottrade office is there to help. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer ranked highest in Investor Satisfaction with selfdirected services by j. D. Power and associates. voseeker of the sublime. Ro. You can separate runway diculousness. From fashionhat flies off the shelves. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. And only national isanked highest in car rental customer satisction by j. D. Power. natalie ooooh, i likyour style. vo so do we, business pro. So do we. Go national. Go like pro. You know, there was deathly silence for a moment. [laughter] but were up. 19 points higher, 16,014. Where is the price of gold this morning in roughly, oh, must have moved up a lot yesterday because now its at 1288 creeping towards that 1300 mark, isnt it . Some bad news from Procter Gamble lowering outlook for the year. Look at the stock, down 1 . And trip advisor, thats up big, making more money from its subscription service, a 6 gain is a big gain, is it not . The president making changes to obamacares rules all over again, a oneyear delay to the employer mandate for companies with 50 to 99 workers and companies with 100 or more, theyre only going to provide Health Insurance for 70 of them in 2015. How does zayne feel about this . The ceo of apple metro and owns and runs 38 apple businesses in the new york area, employing more than 3000 people. Youre not going to whine, are you, because youve got a break and stop laughing, you only have to get Health Insurance for 70 of your people, got a break here . Very much so, big break, deeply grateful to the president , but the issue is bigger than me or my company. Were okay, were doing well. Im concerned about america. Im concerned about all of those people the president says hes really concerned about. The middle, middle american, the hardworking guy. These are the guys that are going to bear this burden. These are because, because the cbo said 2 1 2 Million People will not be working. We all need to work and there are many, many jobs out there that are starving for employees, for example, im a director of an old Field Services company, so in west texas, east texas were starved for employees. Instead of spending all of this money on people to sign up for health care, who will not sign up, i can tell you, there is no way, give me a rational why somebody is 30 years old. Perfectly healthy, never had health care in his life is going to turn around and give 10 , 9. 5, its not possible. This is doa and its politicized and postponing this whole thing is typical because its mid term elections. Stuart sure. Political im not going to say youre a man of the people, but youre on the ground floor. I know youre in. Every day, and you tell the whats going to happen, whats their reaction . Initially it was shock, they knew about obamacare, id ask what obamacare was and they all knew, obama cares, thats what obamacare was. Stuart they looked at it as a positive. And once you communicate and find out theres a cost attached to it and theyre going to bear some of that cost, its a total shock. All the people that the president claims hes worried about and i believe he probably is, probably a really nice guy, hes just incompetent. The reality is id like to be a brain surgeon, but i suggest strongly, stuart, you do not let pe operate on your brain. Stuart when you you tell your own people, you tell them that costs are going up. That costs are going up. I do, i do. Stuart its going to cost them more money. Theyre not happy and when all of this reality starts to hit the ground and weve gone past mid term elections and people start to see what the real cost is. Worse, worse, the deductible, think that people think theyre getting, the first time they show up at the hospital and find out they owe 5,000, 8,000 of a deductible, and this is postponing the inevitable backlash thats going to be there because its politicized. The president is a great politician. Hes a great oratore and hes not competent. Im not saying that disrespectfully. Id like to be a brain surgeon, hes not. Because youre elected president of the United States doesnt make you smart with regard to operational issues. Stuart last one, its such a mess, do you think that eventually the employer mandate, the mandate that says, you, the employer has to provide health care, it goes away. Absolutely. Cannot work. Firstly, ill tell you why it cannot work. Take the pool that signs up. The pool that signs up are preconditions, the infirmed, the elderly, people that bought it before. The whole concept of insurance is healthy pay for the sick. Theres no one healthy thats going to reach in their pocket and pay money at that they never paid previously. Stuart thats an interesting message and thank you for delivering it. I know your 3000 employees are watching. They are, they are, we tell them to watch. Mandatory in our company. [laughter] we love you zane tankel. Thank you for having me. Stuart apple the most valuable company in the world and a former employee, a horrible experience. Weve got that after this. Objection oh, my take on the debt deal. Its coming up and its not going to make me popular, but i will explain it all. Now this, a former Apple Employee hated working at the company so much, not only did he quit, he wrote a blog about it it. Ive got a couple of quotes for you. I hardly, hardly meaning never, saw my daughter during the week because the hoursso inflexable. There were meetings all the time disruptive to everyones productivity. And his immediate boss used to stand over him watching him making direct and indirect insults to him. Here is a quote. I felt more like i was a teenager working at a crappy retail job rather than working for one of the greatest Tech Companies in the world. Liz mcdonald, sandra, is he disgruntled grinding an ax or making a serious point about working at a great tech company. I think hes making a serious tech point. Whether or not you agree with him, whether or not the bad steve jobs is hovering over apple, thats the alter ego, and what he says is the personal insults, thats getting to him, the personal insults from his boss. Who cares. Stuart listen to this. Who cares . Really, my boss stood over me, i had to go to meetings, i worked long hours. Join the club. Thats called working. Thats why its called work. Im not disagreeing with that. Hes complaining about the patronizing insults and putdowns and they can be lacerating, and read what insiders have said. Its a rare look at the motherships. Since then he says ive burned bridges because coworkers wont talk to him. Stuart if you want to work at the best one in town. Apple happens to pay pretty well. Stuart and look at us, do they know what do you know what stu is like . I smile a lot. New at 10 00, the debt deal that has many on the right furious, including congressman scott garrett. He did it not vote for it and hes next. Were covering the financial and psychological impact of the weather. Dr. Ablow is here talking about snow rage and talking about the dogs next. Stay in motion. Staying active can ease arthritis symptoms. N. But if you havarthritis, this can be difficult. Prescription celebrex can help relieve arthritis pain and improve daily physical function so moving is easier. Because just one 200mg cebrex a day can provide 24 hour relief for many with arthritis pain. And its not a narcotic. You and your doctor should balance the benefit with the risks. All prescription nsas, ke celebre ibuprofen, naproxen and meloxicam have the same cardiovascular warning. They all may increase the chance of heart attack or stroke, which can lead to death. This chance increases if you have Heart Disease or risk factors such as high bloodressure or when nsaids are taken for long periods. 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To get the real answers you need. Start building your confident retirement today. Stuart a deep winter across most of the country. We are a financial program, but, again, we are all over the weather. Snow rage. Doctor ablow will analyze. You have to laugh with all the taxes and rules, would you take your tech business to france . Karl icahn worth 20 billion. He is okay with higher taxes for rich new yorkers. Netflix buying 3 billion worth of content. We are about to show you a chart that is all over the internet. It predicts a 1929 stock crash. Soon, charles will the bump it. Stuart i have numbers for you on the weather. More than 65,000 people out of power already. That number is going up rapidly in georgia. A lot of the south is at what i will call a virtual standstill. Far from over, as well. Now, check the big words. Stocks up a little. Thirtyseven points. In part a result of the dead deal. Right now, we want to talk about this. This chart caught our eye. It is making the rounds on the internet. It compared the dow in 1929, right before the crash, with the dow of the last two years. There are similarities. It parallels. The dow will go to 60,000 roughly by january, then it will crash. Stuart back to that chart which establishes a parallel between now and 1929. Charles. Charles the chart is a lie. They tweet the chart so that they look similar. From 2012 to now, our dow is up 29 . Mathematically, there is no coincidence. If you want to parallel, i will dial right now. Stuart that is a different chart. Charles that is an honest chart. That shows the true, honest game. Traders are trading six days a week. It is a far different dow that we are looking at now versus back then. Stuart you debunked it. Charles these are the kind of despicable things that have kept people out of this market. I think it is despicable. It is misleading. Disingenuous. Don i want to take a look at a couple stocks. Facebook. 200 Million People viewed those look back videos. 200 Million People. That is a lot. Twitter giving itself a new look. May go national with this new look. It has been a long time coming, this new look. The market likes it. Apple possibly working on a scratch prooiphones. They will make the glass in america. What about the company that makes the glass . Nicole 2. 2 to the upside. We are talking about a synthetic, manmade material that seems like glass, but it is not. Virtually scratch proof and nearly unbreakable. We will see if they move forward with this. This is big news. Everyone has roped in iphones. Stuart thank you, nicole. Lets get to that debt ceiling deal. Some say bad john boehner and the republicans simply caved. No screens . Full disclosure, you are my congressman and you voted against the clean debt deal. Tell us why. Interesting the way you put it. No strings attached. Yes, there are strings attached. They are attached to our kids and our grandkids. Our future generation. Our children are the ones who are ultimately paying the price and without something in it decide that we will slow the growth curve of spending in this country. We are just adding an additional string to our kids, and that is not fair. Stuart they are rooting for you congressman. I will give you the political side. You have a clean debt deal. You have no standoff. You have no government shutdown. The way it is clear for the forthcoming election and the only issue in town is obamacare. That is a huge negative for democrats. True. Everything will be looked through the eyes of politics. I would probably be voting a lot differently than i do right now. What is the good political thing to do. I think most of us say what is good for the country. What would have been good for the country is for this president to say that he will do go share it with us. Harry reid said he would be willing to negotiate with us. Now for something outlandish, not for everything that we wanted, but even for some little ask in here. Stuart we appreciate you being on the show this morning, sir. I have a different opinion, but you are the congressman. Most of the time when i am on the program,you and i agree. Stuart thank you very much, congressman. A republican from new jersey. Take a look at ebay. Billionaire karl icahn tells neil cavuto he has only started his battle with ebay. Ebay down 1 so far this year. An activist investor digging in for a long fight. Good or bad for the stout . Liz it does not matter. It is not going anywhere. Already he is not getting the support, karl icahn is on his other proposal. Proxy Shareholder Advisory Services have said no. They have told apple investors to ditch that. Ebay is about 40 . Paypal is 40 of ebays group revenue. That is a big deal. Stuart got it. One more headline from karl icahn. Here is what he had to say about raising taxes on the rich in new york city. Personally i know my friends will hate me, but, hey, there is a huge bar between the rich and the poor in the city. It would not kill them to pay a little bit more. I am not talking about the 250 guy, im talking about 10 million, 20 million, 30 million. Yeah. Stuart correct, sir. Judge Andrew Napolitano is here. I guess you and i will agree on this. It is absurd to suggest that taxes should go up just because someone can afford to part with a little bit of cash. The government wants more money. It is just an act of law at the coloring it owns a greater portion of our income. Stuart you are very articulate. As understanding stuart he has 20 billion worth of wealth. We do not tax wealth. I guess he is talking about taxing wealth. If he is talking about taxing income, all he wants to do is raise the rates above a certain adjusted growth. This is a mayor deblasio suggestion. Stuart i do not think he was. I think he is talking about taxing income. That worries me. I do not have much wealth. I have good income. I am very unwilling to part with more than half of my income as i do already. Rightly you should. Taxation is basically government legalized theft. Stuart how would you find it . The government was funded before the income tax. The government was funded before the income tax by assessing people who used government services. If you bought this product and it came in from china, the government would charge you for the use of the poor. Basically an excise tax. That was a different era. In my world, the government would operate within the confines of the constitution. Obamacare would not even be in anyones wildest imaginings. Charles here is what is dangerous about this. Somehow, if you are to tax the rich, it would change the circumstances of the poor. Charles that is a faulty part of this whole thing. Liz listen, what is the right level of taxation. That is really the issue. Is it 50 . 70 . Charles make a great point. I believe bill deblasio believes by taking from the rich he can make the lives of the poor better. Karl icahn should note that does not work. Stuart i want to summarize this. You have a zero tax rate. I would be okay with 25 . Liz all in. State, local and federal . Stuart all in. Liz 25 . Charles if it was 25 tomorrow, i would cry tears of joy. Stuart the monarchy pays taxes on the money that the government gives them. Unbelievable. The president of france visiting silicon valley. Meeting with top executives. He wants them to invest in france. Companies do not want to do anything with them. That is coming up after this. Welcome back. How is everything . Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat re shipping with the rliability of fedex. Open tinnovation. Open to ambition. Open to boldids. Thats why n york has a new plan dozens of tax free zones all across the state. Move here, expand here, or start a new business here and pay no taxes for ten years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. [ male announcer ] this m has an Accomplished Research and Analytical Group at his disposal. But even more pressive is how he puts it to work for his clients. Morning. Morning. Thanks for meeting so early. Oh, its not a big deal at all. Come on in. [ male announcer ] its how edward jones makes sense of investing. Stuart what you are seeing here is a west minister dog show. We have our own idea of who is the best dog in the show. This is a picture of my two dogs. Jake and arthur. These are charles dogs. Fat joe and sunny. Elizabeth macdonald has two dogs. Gigi and louis. Now take a look at nicole with her dog, forrest gump. We could not resist showing you our senior producers of dogs. All right, charles, liz, and nicole, how much do you spend on your dogs . Charles lots of money. Thousands of dollars. Not a month, but thousands of dollars. Liz 5 . 5 of my monthly income. Nicole the dog walking is killing me. Stuart you have a dog walker. I love that dog. See you later guys. Stuart arent they brilliant, beautiful dogs. Stateside and heading to silicon valley. Our other favorite recovering european is in washington. Do you think that this is going to work . Do you think american hightech people will be convinced to put their money in france . I do not know. This is happening right at the same time that google, in particular, is subjected to an audit. They are asking for 1. 3 billion in taxes. What is it that people would grab it put their money in ireland than invest it in france. Stuart could you run a very fastmoving hightech operation in france . If you were going to invest in france and you could not avoid this market, but you know it will be a big gigantic pain. Netflix is facing it right now. Google is being sued by newspapers for content. They now have to invest in Something Like 60 million. If you want to invest in france, you better have a good stomach for bureaucracy. Will you tell me if the france president has seen the light and is now more business friendly. No, i do not think so. This trip was like a match made in hell. President obama loves to have the u. S. Adopt the french tax system. I do not see it. Devin talking about tax harmonization. Not the talk of a guy who gets it. Stuart nailing it down as ever. Thank you very much. My take on the debt deal and why the left has been robbed of an issue. That is next. Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. What is this place . Where are we . This is where we bring together the Fastest Internet and the best in entertainment. We call it the x1 entertainment operating system. It looks like the future we must have encountered a temporal vortex. Further analytics are necessary. Beam us up. Thats my phone. Hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. Tv and internet together like never before. Stuart Owings Corning reporting a strong fourth quarter. It makes that overlook glass. Look at it go. We have a very rare downgrade for amazon. It is down nearly 3 . Still ahead, doctor ablow on snow. 10 33 a. M. Netflix will spend 3 billion on original content. I am afraid this will make me unpopular with the right and with the left. Here is my take on the no strings, no conditions of the racing of the debt ceiling. This is a winning political strategy. I am not happy that the president has a blank check. I believe in this election year. Walking away from a debt crisis is the right thing to do. The left has been robbed of an issue. They can exploit it. They actually lost this one. They are not happy that i am pointing it out. The deck of the 2013th elections are just being set clear. Millions are losing their doctor and paying a whole lot more. Healthcare is en masse. This is my reasoning for supporting the queen that bill. I am told that i have abandoned principle. Wrong. I believe that the left is taking america away. Taking it off track. My first principle is getting us back on track. Pick your hill to die on. Pick an issue you an win. Dont you think that the left will be all over the media beating up those wicked republicans who are holding the country to ransom. The weaker economy, the jobless society, the mess called obamacare, they will be the issues that decide the political power. [ tires screech ] chewleys finds itself in a sticky situation today after recalling its new gum. 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Dont wait until you become the next victim. Stuart chuck the price of allele, please. One hundred dollars a barrel. Close to a fourmonth high. It is called abe build. A bigger build than exppcted. Fox news on the ground in atlanta. It is pretty icy. Interstate 75 and 85 merge together. This interstate system is ordinarily packed. Very few cars. People are heeding the warnings. Taking no chance. The big problem in this storm system will be power. In some cases, trees are falling on them. Georgia power reporting more than 70,000 customers reporting without power. Electricity is going to be the big concern throughout the remainder of this storm and the days ahead. Stuart thank you very much indeed. You gave us exactly what we wanted there. Power outages are rising. Many thanks, indeed. Good stuff. All of this Winter Weather is getting to peoples heads. There are fights breaking out at grocery stores. Reports of people attacking snowplow drivers because they plowed and the driveway. Here is dr. Keith ablow. What is this . It sounds to me like glorified cabin fever. I think it is, perhaps, glorified. Cabin fever on steroids. When people feel this disempowered, the elements are so much bigger than their own will. They can become undone by a. I always go back to the fact that we are living in such a technological age that people think takes should change with the press of a button or a click of a mouse. You know what, people have lost that interpersonal skill. Now they get upset. Stuart i think there is a psychologically depressing aspect. That is where the Economic Impact comes in. You do not want to get up and do anything. You will not go to work. You will not buy anything. That is an economic problem. When they do experiments in psychology, the one thing that is this spirit into mice is random punishment. If you shot a mouse on a schedule, not a very nice thing to do, the mouse can handle it. If you do it randomly, the mouse simply lies down on the floor of the cage. That is what is happening here. They feel small in themselves. Stuart i want to move on to one other subject. The creator of the flappy bird app. He says he has pulled the game because he is worried that it was too big. I took one look at that and said it was nonsense. If you create a game, you want people to be addicted to it. I love this topic. No you dont. Not if you are a good person. This guy realized people stuart you create an app. It is a game you like to play. It is virtual drugs. It is all delivered virtually through mainlining into your iphone or tablet. This is a standup guy. He wants no part of this. He does not want to hurt people. Stuart he says he is not getting out of the game business. Watch out for the next one. Stuart i wish we had more time. I could put you on the couch and straighten you out. [laughter] good to see you again. Take care. Netflix investing 3 billion a new content. While netflix become the next disney with its own movies or a warner bros. We will get to that next. So ally bank has a raise your rate cd that wothats correct. A rate. Cause im really nervous out getting trapped. Ys that . Uh, mark . Go get help i have my reasons. Look, you dont have to feel trapped with our raise your rate cd. If our rate on this cd goes up, yours can too. Oh that sounds nice. Dont feel trapped with the ally raise your rate cd. Ally bank. Your money needs an ally. Does your mouth often feel dry . A dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. Thats why theres biotene. Available as an oral rinse, toothpaste, spray or gel, biotene can provide soothing relief, and it helps keep your mouth healthy, too. Remember, while your medication is doing you good, a dry mouth isnt. Biotene for people who suffer from dry mouth. We are thinkers. The job jugglers. The up allnhts. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can s, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. Stuart i have new laws on apple for you. New screens for the iphone. They are doing it here in america. They will make them at a plant in mesa, arizona. Gt advanced technology is up to present. Twitter announcing a redesign of the homepage. They want to make it more accessible for the users. John deere pulling in big box of the First Quarter of their year. Demand for Farm Equipment is slowing. Bad news from Procter Gamble. Lowering the outlook of the next year. Trip advisor is up big. Making more money from its subscription service. Up next, next flicks. Stuart straight to the call. Fossil shares are higher. Nicole they make fossil watches. Up 5. 8 for fossil. Stuart nobody wears a watch these days except for charles. Now charles will make us some money. Charles this story, this is the real story today. Construction. Owens corning, huge, strong. All of the signs point to very strong construction this year in this country. Stuart Owens Corning is up 12 today. You would chase it. Charles every day before yesterday you would want to chase Green Mountain coffee. I would chase it. Stuart netflix. 6 billion over the next three years. That is a lot of money. We have the ebt of screen media ventures. I have to ask you about netflix. We are told they may make full feature movies. Compete with disney and warner bros. Are they going to do that . I believe that they are. The problem with netflix is they do not own any content. Stuart if they do it, when will they release those movies . I would assume they would put them right on netflix. Theatrical model is changing as we speak. Stuart does that give netflix a huge advantage then . They just stream it right out there. They will not sell a movie to a Disney Channel and get that extra revenue. Stuart they have a ton of money. They are following the hbo model. They started making their own movies, their own series. They never become a studio. Stuart are you bashing your competitor . I get movies streamed to me free. I do not pay for anything. There are apps. That is where you get your money. You are growing. We are growing every day. Stuart is your ad revenue growing. Every single day. Stuart are you allowed to tell me how many subscribers you have. We do not have subscribers. It is called popcorn flicks. Stuart go to that app and immediately i am getting free movies. The content is not that great. That is not true. I knew that you would probably say Something Like that to me, stuart. We have phenomenal content. Stuart what do you have that whats attract something. I will set up a varney genre. Stuart it works. Cannot do it for free. I like that. Stuart what is new content. Popcorn flicks has over 1000 on that app. Now we decided to launch specific john russ the of channels. Our first launch will be popcorn flicks kids. We are in a soft launch right now. That is all kids entertainment. We have superman cartoons. I have some popeye cartoons. I have the big comfy couch. A phenomenal series. I have Popular Mechanics for kids. Stuart it has nice commercial running here. One of the themes on this commercial is technology rules. However, they do not employ many people. We employ 35 people. And then all the App Developers that i use. Thirdparty companies to develop my apps. We use six Different Companies right now. Stuart a fairly good interview. Popcorn flicks. I love it. Thank you very much, indeed. A major auto company campaigning to help workers unionize. What . We will explain it next. Open to boldids. Thats why n york has a new plan dozens of tax free zones all across the state. Move here, expand her or start a new business here and pay no taxes foren years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. House Speaker John Boehner had to rely on the Democratic Caucus to pass a debt ceiling bill. Radio talk monica crowley, don gibson react tonight seven eastern. Be with us. Stuart big doings on the union trouble. More than 1500 workers will vote on whether to join the united auto workers. Volkswagen is campaigning for the union. Charles, explain that. Charles volkswagen is an all Union Company in germany. All of their plans are unionize. Their observation is the unions can boost. Obviously, that has not been the case in america. It has always been a contentious relationship. See to it is not very much the pay levels, i think that it is the work rules. Charles and the inflexibility. They have been like, well get it from somewhere else. Stuart why would management of a company in the United States say, yes, please, come on in. We want the union. Pressure from unions in germany and pressure from president obama who wants to unionize more people and pressure from the and lr be. I cannot prove that the president is pressuring or the nlrb. Charles this is amazing. This is huge for them. Who knows what is going on behind the scenes. Stuart what would happen if these guys say, no, we do not want the union. This is only 1500 beard still a relatively small pool. By the way, what about in wisconsin when teachers were allowed not to be in the unions. I think they had a 50, 60 reduction. Stuart your take on how much you spent on your dog next. Welcome back. How is everything . Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ ma announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Earlier in the show, and ill replace 30 a month for my two dogs. Patricia, who gave them . Gregoire cross alone 60, fleas and heartworm prevention. I bet your wife spends 100. Linda adds 30 a month for cali and a shelty . Impossible with annual that visits, pablo, prevention, treats, grooming, treats . I you kidding me . Donna says shame on you, i received this from jeff flock, one of our guys in the midwest, 30 a month on dogs . You are the jack benny of business news. Thank you. Charles, what do you got to say . Charles i got an email from home, we are over 8,000 year. The syringes are 50, 100 for insulin. Don bigger charles two years ago the vet told us to get him and he had 24 hours to live. Stuart remember we are moving. To andy reid 24 varney and Company Moves to 11 00 a. M. Eastern, a full two hours, same show, more of it, different time and we promise no jargon. It is yours. 30 is cheap, just low. Do you cook for them . Do you see them . Netflix like a very small catch. On love you. Thank you. Thank you. Still ahead, bad as this winter has been forecasters say this new storm should be the worst of the season. The south and the northeast are bracing. Thousands of flights already cancelled and the power could be out for days. The debt ceiling height goes before the senate. Ted cruz is gearing up for