At this very moment, 3 00 p. M. Eastern. The last hour of trading. You will know that song, im having a bad, bad day by the movie despicable me. Quite a few are probably feeling that way right now. Low of the session for the Dow Jones Industrials down 312 points, we are just slightly off that at the moment but there is a lot more to this story. The Dow Jones Industrials tumbling to the 50 Day Moving Average and went below that, the gray line you are seeing right here. Now were getting close to a similar trajectory for the 200 Day Moving Average, and that is the blue line. It becomes problematic. Why does this matter . A closely follows the chart and what they do is they set they sell order to trigger once these levels are broken as they suggest a trend to the downside. The triggers has been hit, in the meantime we should mention auto sales which have had a huge run recently ran out of gas but not for every auto company. Ford and gm, yes, a drop in january sales due to the extreme january weather. General motors sales falling 12 . Chrysler gaining 8 . Shares of ford are moving lower by 3 . Gm down. But somehow the weather did not hurt mercedes. In just a moment we will ask the ceo and president of mercedesbenz usa how his sales managed to duck the polar vortex. Some very strong competition crazy to try to overtake him. Were talking about audi specifically. And a family wagon. So when you say Station Wagon finally there might be a cool one. But we have to get to the market here. Moving up to date, the price of bonds jumping with the yield falling to three month lows. Investors often flee to safety of government bonds. For more on the wild market swings, before show and the traders at the New York Stock ExchangeNew York Stock Exchange and the cme group, can we blame, can we hook all of this on a bad institute for supply management or manufacturing number here . We are in full correction mode. People like to have it to be able to point a finger and blame something. If that is what you want to blame, go ahead. I have been talking about this for several months. This is a buying opportunity, so if you are at home watching, get out the Shopping List the same way as what you want to buy at macys or shop right, make a list of what you want to buy because they are on sale. Liz i am glad you are saying this because let me pull up some popular stocks. Starbucks is 3 cheaper right now, facebook on a great run, 2 cheaper. There are many names lot of you are say i wish i would have gotten in. If you believe in a company, go in there and buy it. We have now retraced about 50 of what we had gained since what, october . October if you look at the move we had, the s p low to the s p high, about 50 . We are at a key level. It is not really a time to panic. Everybody looking for a correction. If you do the math from the hi high, we are not quite there yet. Maybe a little ways to go. Liz would you at least say get more into bonds, or set precisely the wrong behavior people often fall back upon . Heres what happens in my opinion. Last year if you were at in stocks watch the market rally and at the beginning of the year you could not wait get in. There is a lot of new money coming in and were still bracing. If we can calm down and maybe get eight, 10 correction, we could get a bounce. If you look at the move we had from october to new years eve, we rallied almost 2000 points in the dow. Have a correction is pretty healthy, i think. Liz i wanted to bring up the u. S. Dollar fallen to about 101 yen, the lowest we have seen since i want to say about november 22. Is that worry some, or is it popular among big multinationals basbased in the u. S. Is safe our dollar is less expensive and now we will sell more product . The correction was going to common matter how how we looked at it. What we are seeing is Central Banks that inflated the market, were seeing the market deflate as the central bank marches away. The Currency Exchange with japan, look into latin american currencies, they are absolutely getting crushed. It has collapsed entirely in that market, we have not seen that since 2003. I dont expect that will stop any time soon, but what people want to point fingers at any different area they want for a correction, pick whichever one you want. The fact of the matter is this is Central Bank Intervention lead in the marketplace leading to this drop. Liz nobody should be surprised. The two traders on your screen are not surprised. Let me mention the volatility above 21. That is the highest we have seen since 2012, volatility shows a little bit of fear. Do the opposite of what they heard generally does. Thank you for joining us on the floor show. We should pick apart the industry getting hit the hardest. Casual dining is one of them. Why in particular this sector is hurting today. Nicole we are watching this as the dow is down 300 points in the final hour of trading. Take a look at chipola, jackinthebox, dennys. Waiting on yum brands. Chipotle hit alltime record highs falling back to. 2 . The selloff is easy to find, utilities a safe haven. Down 2. 2 . Also we see dennys down 5. 5 . When you check the analyst rankings on these, all three of these all have 50 of the analyst with a hold or more, some cases 53 . Slightly out of favor because often you check out a stock and ratings at 60, 70, 80 as a buy. Not on these three restaurant chains we follow. You do see them selling off pretty good today. Jackinthebox down 3 . We have actually outpaced the market, so you could see some people taking money off the table, for example Chipotle Mexican Grill hit record highs almost 76 in the last 52 weeks, also jackinthebox up over 70 in the past 52 weeks for this group has done really well over the past 12 months. Liz i am looking at all sectors, casual dining should not feel like they are all alone out there. Interestingly enough, Charles Schwab taking a 4 hit perhaps on the belief there may be less volume, interesting to see td ameritrade. Similar, not a surprise. Big technology already. Same with consumer staples. Nicole that what had a nice analyst call. Liz thank you very much, interop us if you get anything else. Dow jones industrial getting slammed off of the lows of 312 to the downside, s p 500 very important level, the losses are accelerating. On top of the market selloff, another dark cloud on the horizon hovering right over washington, d. C. Treasury secretary jack lew calling for congress to extend the ceiling. The Obama Administration sa sayg this country will hit the Borrowing Limit on friday without socalled extraordinary measures by the treasury department. Just over a week ago far from d. C. We anticipated bumping up against the deadline even though people said it would not happen again. I asked the World Economic forum about this worry. Liz let me push you. Is he correct when he says we could see another debt ceiling battle in february . I point back to october what happened during the shutdown and when the secretary of the treasury announced a date by which if we went beyond that day, we would be in the territory of the unknown, somehow we would be in default and america would not pay its bills. None of us want that to happen. Liz well, we might see it happen because republicans are demanding conditions for raising the nations debt ceiling. They usually do anyway but is there another very serious battle brewing inside the beltway . Peter barnes precisely at the time when the market is in strong this time around. That is right. Treasury secretary issued this latest warning of the debt ceiling today saying a delay could disrupt Economic Growth and treasury secretary jack lew again extraordinary accounting measures you mentioned, the treasury will be able to extend the dropdead date for the debt ceiling from this friday to the end of the month. He said the administration has less flexibility with the debt ceiling this time around than previous standoffs because the treasury is entering the height of tax filing season. The treasury needs cash for tax refunds. Unlike other times when we have had to use extraordinary measures to continue financing the government, this time these measures will give us a brief span of time before we run out of borrowing authorities. Time is short. They have to act to extend the Borrowing Authority for our nation and they need to act now. Spiegel again demanded a clean increasing the debt ceiling with no conditions, but republicans continue to say while they wont allow a debt default, they are considering provisions to attach to an increase in debt ceiling including repealing the reassurance in obamacare or maybe the medical device tax, some republicans also pushing for more spending cuts, others want to require approval of the keystone pipeline. Liz once again precisely at this moment we are hitting session lows for the Dow Jones Industrials on that news and of course all that is happening and peter, thank you, because you know this is not going away, we have just days to deal with this. Peter barnes in washington, d. C. The closing bell and 48 minutes. Here is the contrarian data to show you things that cannot be all that bad in the u. S. Economy. Mercedesbenz. They have plants in tuscaloosa, alabama. They just sold a huge number of as class models which started andy 4000 per car. Mercedes announcing recordbreaking sales overall for 2013 and the month of january but rivals are stepping on the gas as well. We will ask the ceo how he aims to stay ahead in a fox business exclusive. And the little farm a company that could. The stock rising 80 plus percent over the past year, now says we are bulking up even more taking aim at the biggest players in the industry. A fox business exclusive to tell us exactly how he is taking on the big boys after a 2 billion acquisition. [ male announcer ] how did edward jones become one of the biggest Financial Services companies in the country . Hey. Yours . Not anymore. Come on in. [ male announcer ] by meeting you more tn halfway. Its how edward jones makes sense of investing. Smoke . Nah, im good. [ male announcer ] celebrate every win with nicoderm cq, the unique patch with time release Smartcontrol Technology that helps prevent the urge to smoke all day long. Help prevent your cravings with nicoderm cq. That helps prevent the urge to smoke all day long. Theyre the days to take care of business. When possibilities become reality. With centurylink as your trusted partner, our visionary Cloud Infrastructure and Global Broadband network free you to focus on what matters. With Custom Communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. Every day of the week. Centurylink® your link to whats next. Liz mercedesbenz was the bestselling luxury brand carmaker of 2013 and is reporting record january sales. Which is interesting because other automakers came out and said we all got hammered by cold weather. Not so for mercedes. It should come as no surprise when i spoke exclusively with the autonation ceo who sells 10 of the mercedesbenz cars in the u. S. , said business was booming. Listen. It was particularly strong with mercedesbenz because in the Fourth Quarter they launched a topoftheline allnew as class, and they entered the cla, so we had in our mercedesbenz showroom new customers, much younger looking at the cla and off the charts demand for this fabulous new as class. Liz 2014, their highend as class seeing 36 increase. How does mercedesbenz do it when the other ones were struggling recently . More importantly how they plan to stay number one . Joining us now, steve connon, mercedesbenz usa ceo and president. I bet you guys are smiling and i am smiling as well, here is why. I like to see what i highend product is doing well, that means the county cannot be that bad. Is that what you are surmising . The market has been recovering for the last several years. For us, housing recovery has meant a lot, equities have been increasing. Overall the trend over the last couple of years has been so positive, so this confidence has been fueling the highend of the luxury market. Liz you sold in generate 24,413 units, 22,600 of those were for the mercedesbenz. How do you do it would we are hearing from a lot of other Car Companies that the polar vortex killed their sales, people do not want to go out and buy cars, how did you buck that . Hot product can overcome a polar vortex. With the sclass we have such a flagship, such an iconic car. What is fueling the car is this entry point. It is opened up the mercedesbenz brand to new buyers. Eight out of 10 are two brandnew buyers. We are opening up the mercedesbenz franchise to new folks. That is important. Liz what is the price point . 29. 9. The average car is around 27,000, suddenly were bringing the mercedesbenz brand promise to a whole new audience. Liz that is what you did last year in your super bowl commercial. I guess it was trying to flag people there are less expensive mercedes that are sore the entrylevel mercedes. You didnt do a super bowl commercial this year. We decided to sit on the sidelines this year. Liz is it 133,000 per second, but i found it interesting that was a strategy. Trying to time it with big product cycles. We will be back in the game, hopefully back in the game. Liz as you know, audi is nipping at your heels. We are here all the time, their record sales have been pretty consistent, they are getting closer. How do you guys get out front . It will be with product, laser focus on customer experience, were doing a lot on that front. Audi does about half hour volume in the united states, so would not call that nipping at our tale. We outgrew them less you buy pretty significant amount. They have some interesting product, but with 30 all new products and seven years, kind of like our hand over the next few years. Liz steve was an army ranger, so he will battle back on staff like that. You are coming out with an all electric vehicle, and then the Station Wagon. You are not calling it a Station Wagon. My mom drove a town country vehicle. The Station Wagon, talk about that because it does go from zero to 60 in 3. 6 seconds. The Station Wagon has kind of a bad name. We are launching the gla, a sporty crossover addressing what the Station Wagon used to be back in the 70s and 80s. We will be launching in september of this year is going to continue what the cla did. Liz wonderful to see you. It is fascinating to watch how well mercedes has done, again i would argue that is a sign the economy is doing relatively decently because it is not so easy to get a car loan anymore. That is not the issue. Liz thank you very much, come back again. Steve connon, mercedesbenz usa ceo. Herbalife and bill asked and getting uglier coming that is possible. So far you can argue herbalife has come out on top. Charlie gasparino with the next battle on this one. And the seahawks crushing defeat of the Denver Broncos has everyone from seattle celebrating. Among them, a famous tech pioneer who has been a driving force behind the scenes. We will tell you all about him. Dow jones industrials down 309 points right now. Were watching the markets second by second for you. Lets say you pay your guy arnd 2 percent to manage your money. Thats not much, you think except its 2 peent every year. Go to e trade and find out how much our advice and guidance costs. Spoiler alert. Its low. Its guidance on yo terms not ours. E trade. Less for us, more for you. Liz despite repeated attacks the activist investor bill ackman, herbalife is out with a winning quarter. The stock is up by 0. 44, so should people like carl icahn who are on the side of believe in herbalife rejoice or does he have more up his sleeve with more websites and revelations that he consistently claims he has . Charlie the fox Business Report was first likely to announce they are likely to talk about a larger buyback. That has now been confirmed. They had a decent quarter. Also point out bill ackman no space buyback evidence of how the distributors are not doing a good job. The distributors, whole bunch of stuff about the distributors, i read through it. The market is down 300 points, initially the stock traded off on whatever. That is up a percent. Investors looking beyond this information of the distributors looking at the companys earnings. There is a buyback program. I can say longterm isnot for ti will say this right off the back, see some credibility, it is a business model, herbalife contends is distributors are its users, give evidence of a pyramid scheme. They know all the facts on the table. Will the u. S. Fda, will they close them down . One of those agencies. Liz is there any sign of that . Charlie i dont know. They are out there, from a chinese investigations, lot of regulatory smoke around this company. You come full warned. Carl icahn is not sharing his shares. I would say that is a better sign when carl is out of the ccmpany. It will be an ugly day. The other thing is running around to private holdings with nutritional and food staples in the holdings, hired the one herbalife, we broke the story, that is another thing. It is crazy stuff. I will say this, the craziest thing about that story is how i knew him pretty well over the years. I cannot believe how crummy they treated us. Finally after tweeting it 1000 times, they called me back and said they cant comment and he was out. That was the weirdest thing, but he has handed it, semi retired now, handed the company to the kid, his son. Liz we are so vulnerable to our children. Liz something charlie is on, thank goodness. The bits of news move fast and furiously. But right now fighting back. Charlie this is an ugly day in the market. That is a pretty good chart for a company that today investors are clearly looking at the buyback, looking at the earnings, not totally buying ackman has Accurate Information out there right now