International. The c 082 billion of castile and notes up 53 it creates the largest Auto Parts Company but it is first of fox business. This is a tiny telecom Television Company but guess what . They may be less expensive but they say we dont want this to be cheaply made. We have a very rare interview that they feel their televisions could come and weigh less expensive sam sam song samsung of the world. Here is a first of fox Business Interview with the brand new ceo elect of qualcomm. They started to make chips for mobile and it smart phones intel is trying to catch up but have not caught benghazi. The new ceo of call, will speak to our viewers first. Watching the numbers slightly flat and slightly down stake above the flat line because we also have the fed minutes and this is what we have learned to. No blockbuster but it appears most of the members felt the tapering the fed has put into place two years ago to stimulate the economy , they started scaling back 2014 of course, they did at the end of 2013 most voting members feel the tapering process should end by the end of 2014. The economy continues to grow at a moderate pace. Also information from atp with a separate jobs report for private sector to begin at two under 30,000. As far as numbers are concerned it did not help but much but another sign that perhaps the economy is finding more stable footing. We have stable footing right here at audi. To this is the laser light to they call it that because the lights are made of lasers. Absolutely a huge Attention Span i want to introduce you president of audi of america isnt tell us about the laser light. The laser lights is something extremely cool it is the next phase of lasers. What you have inside that housing is a laser beam. Liz tell me about five i am. Per minute high be lighting will not distract the driver or oncoming traffic. Liz everybody is taking pictures. More expensive than the basic headlamp . Better technology but it is dramatically better technology. Liz taillights . No. Just the headlights the we are lights are the lcd. Liz phenomenal. You are the competing company but the connected car is just a huge trend. Here at the Consumer Electronics show what does audi have that is different . This will be launched in the u. S. Market this year and gets confidence for another record year. The big news is at t points to activity inside the car. Seven times faster than the best 3g. What you need is a connected car that needs space. That is what it gets us inside the vehicle. Liz you have to deal with global. We have done with them for a long time we read the first to have google earth earth, the maps, appointed interest inside the car now with the android getting more popular resigned a partnership with them to make sure proper integration with software on the phone and in the car. Liz dc today where Consumer Electronics show is equally important as the Detroit Auto Show . This is what people want. Smart phone on real. That is a fair statement i think they want the best car in the world which is audi that integrates with the smart phone but electronics are becoming more and more prevalent with automobiles. We were born of the first ones year and we see the value. Liz what america moves it will have a dramatic impact. And i like most peoples Business Model bought discounting. We see growth for audi and the industry as well. Liz almost with the top the bottom of the company. Also will supply and demand new should not forget in a. Estimate that as my behalf pricing. Liz 35 consecutive records of sales. Congratulations. Audi is a great story. Over fox business exclusive with those glaser headlights. You look so good in that. You are a good friend to and i love audi i have a big fan of those cars. Thank you very much. I can see you driving that back to new york city. Talking about this at the top of them looking at the markets up and down day we learned a few moments ago that the fomc members agree improvement of the job market indicated the fed it could begin to slow the pace of asset purchases. A few members actually thought it would be appropriate to end the program even earlier. We also learn to that alan mulally told us a few weeks ago that what he said is true. He will stay at ford not heading to microsoft. That was big news but the stock is rising on that news looking at the stock right now it continues to be higher. Microsoft to the downside for a lot of pressure to find a new ceo. They thought they would have won by the end of 2013 but that has not happened. These are big stories we are watching today. Now markets now reacting to those minutes lets head to our floor show we have traders at New York Stock Exchange and chicago mercantile exchange. What we saw in the minutes was taper timing. They said it would be inappropriate to reduce the pace but it seems theyre more apt to end the program altogether. What do you make of the minutes today . Most people seem to think we are accelerating economically. Fed members seem to grow more and more comfortable. So that is encouraging to me. In the past every betty expected volatility after the minutes but right now after this meeting people think we will look silly but i think campbell the graduated approach which is what they said from the getgo they want to start off cautiously but if the economy continues to pick up speed and then probably be will continue on a force by the end of the year. Also note today is the end of the first five trading days of the year. People look how the lead for the future it will be negative almost half a percent by the end of the day. This is your does not have to be down but longterm studies have shown the year is less robust when the first five are negative and that is the case for the sp and the nasdaq and the dow. Cheryl that is true. Lets go over to the cme. Also the big Labor Department report coming up in their forecast the overall estimates put the fed talks about the Labor Participation rate. There is a long discourse in the minutes from what they say is important in the weakness behind it is where the debate kicks in. What do you make of that . Ic we lost his audio. So maybe you dont want to new talk about the fed. So lets discuss the natural gas a tuition i was surprised we have not seen more considering all the bad weather that we have had. It is anticipation of Better Weather to come. I know how to gear that as well. There is a lot of natural gas out there depending on delivery where that mechanism comes and. As far as the whole complex coming crude has taken a beating. Looking at the curve for june through december with the strip we are down below 90. If you are refiner or the end user to accumulate beryls. A lot of people are talking but if we do get 88 that is the ground level and Going Forward into the new year into the summer there is too many variables or geopolitical situation since to come up to be a short. If i was hedging and would start the second half of 2014 right now. Cheryl gentleman thank you. We did have camera trouble but the closing bell bill of rain in 47 minutes. After another financial penalty will jpmorgan cut jaime dimon bonus or will he have a big payday . We have exclusive details on that story coming up. Advance of a parts the largest auto parts real taylor in north america. We will talk to the companys ceo as a fox business exclusive. Why rifles are trying to steal his crown. We will be right back. If youve got copd like me. Hey breathings hard. Know the feeling . Copd includes emphysema and chronic bronchitis. Irivis a oncedaily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. Spiriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicineyou take, even eye drops. Stop taking spiriva and seek immediate medical help your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Does breathing with copd weigh you down . Dont wait to ask your doctor about spiriva. So ally bank really has no hthats right, no hidd fees. Nts . Its just that im worried about, you know, hidden things ok, whys that . Well uhhh. Surprise um. Well, its true. At ally there are no hidden fees. Not one. Thats nice. No hidden fees, no worries. Ally bank. Your money needs an ally. Could j. P. Morgans steel jaime dimon still be in for a big payday despite being in the news for the wrong reasons . Charlie gasparino has details to the decision by the board of directors but we get this from insiders who have an idea that safety will get a bonus last year i a belief it was the 50 percent pay cap. That that is where she is right now. But any way be looked at it with insiders are saying it should be above last years level. The jpmorgan would argue that a lot of this betti inherited, his legacy, they paid to the london find last year then they will report earnings despite all this 2013 year record earnings at like 18 billion. That is what he did 2011, 2012, that number should be higher this year according to jpmorgan insiders. It is a board decision. For all i know investor activists go crazy then they get cold feet but they say he will get a bigger bonus this year likely. Cheryl for weathering the storm. Yes. When they report earnings that is the reason. Cheryl covering technology in Las Vegas Fox business exclusively reporting and a wealth was looking to buy Business Insiders. Water the details . For people who dont know Business Insider is a pretty edgy website covering technology from a starter doug by an old friend of mine they held talks and a reporter brooke astor last week earlier in the week they held discussions you could call them early stage for a well was interested to buy them but the price was 100 million bryce sound like austin powers. [laughter] with the did million dollars. They have been buying content. That fits into the notion of content eyeballs to the web site and to produce high and advertising but this thing called catch like a nylon dash like the local newspaper. I used to be a reporter in westchester. Used to work for weekly newspapers but theyre all god. Not done so well but Tim Armstrong is out today on another Business Network where breyer index went out to ask about our story. He did not deny it. Cheryl there you go. Breaking news it is interesting whether it happens or not hendry is on the record saying he was not shopping. That is interesting terminology. Cheryl did somebody offered you 100 million. But i think he wants more his it was over the 100 million plus but it is nice to have the rookie reporter being followed. And fox business be back that happens every day. We have could reporters here. Cheryl good to see you. Were sitting on session lows right now. Look at Dow Jones Industrial average down 108 points we do have some backandforth but now we see a little selloff. There were different discussions with other Labor Participation rates, more disagreement among fed members as they adjust all of that. We have 38 minutes to go so we shall see. The ceo of the nations largest auto parts provider of nato sales of 9 billion. We will speak with advanced autoparts seal about his recently completed acquisition of general Partners International of fox business exclusive. Qualcomm has participated including the shift for mobile we will speak with the incoming ceo about the next biggest thing in technology with first one dash first of fox business with the loss vegas Consumer Electronics show be right back. 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. 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To avoid longterm injury, get medical he right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowin stop taking cialis and get medical help right away. Aexperiencing cialist for daily use and a free 30tablet trial. Over the pizza place on Chestnut Street the modest first floor bedroom in tallinn, estonia and the southbound bus barreli down i95. This magic moment it is the story of where every great idea begins. And of those who believed they had thpower to do more. Dell is honored to be part of some of the worlds great stories. That began much the same way ours did in a little dormoom 2713. This magic moment one of the many Different Companies that are here oversteering is ecosystem as for the future but they hire of tiny little cars represented. Automobiles will always be there for us. Here is a question. If your car breaks down what will you do . New parts to fix the existing one or by a new car . The question really matters to my next guest. Fox business exclusive ceo of petraeus autoparts Darren Jackson after his brand new acquisitions general Pars International the largest Auto Parts Company in america is year exclusively to talked about how this merger will make them leaders globally. What do hope this does for advanced autoparts . This means a lot. Probably firstever for roast we stay focused on serving our customers. It is a privilege to briard excited to be the largest in the industry with 95 billion. More importantly, getting focused there being the best and serving our customers. Liz net was of the currency move, a 2 billion of cash deal that becomes official right now. We need some details. What changes . You have a great Business Model but what helps you to keep that position . Certainly this gives the largest position in the industry and many ways to grow. We also acquired a business called world pact. Collectively those to allow us to change the profile of the customers we serve. Instead of 60 percent retail and 40 commercial, though we are a business now 55 commercial, a 45 retell predict gives local ways to grow domestic market in and import liz does a doityourself market was big during the recession because some people did not have money to buy cars so is a counter intuitive because perhaps people will start to buy a new car . How do expect that will affect gms auto parts coming forward it . We always need new cars coming into the pipeline. 2013 came to a close with 15 million new units coming in but there is to a hundred 40 million on the road. When we step back we like to see a robust car market because five or six years out flow into our sweet spot today that is over six years old is as large as it has been in history also with pentup demand for maintenance weekend to Lester Tobias number recorded. So there are more new car sales but there are many cars out there over 240 million that will lead service that we be there to service customers. Liz from data number of one the stock has jumped more than 35 the stock itself is up 57 . What you delivered to investors . Will there be layoffs from this merger . This is the way we thought about a. Principally it will be the growth of the topline certainly there will be a lot of scale synergy with purchasing and supply chain refers to foremost when we bought general parties of the ability to expand our commercial capabilities. We did not buy general parts with a view to make money is through layoffs. Certainly there will be some consolidation but more importantly what the market reacted to is a deal that makes sense buying into the largest part of the industry growing twice as fast fast, diversifying your portfolio with a company with a proven track record. Of strategy does not unfold over quarters but years. Id has been a six year process to get to this process. Liz before that you read us by then nordstroms. You are killing a. We are looking for word to ringing the bell tomorrow good luck to you. Joiniig us exclusively on fox business. Good to be with zero. Liz Darren Jackson say hi to the team out there. Darren jackson. When we come back a name you may have seemed seemed. Tiny televisions but they dont want to be lowquality. Right here from the floor of Consumer Electronics show and coming up the brandon new ceo a lack of qualcomm. We have the first on fox business live from las vegas. Consumer Electronics Show the dow moving off of session most a number of Companies Reporting earnings today we have the biggest movers today with Nicole Petallides at New York Stock Exchange. We do have some movers the dow is down now do and points a game we are watching to the down side was reporting of loss in th