Whole market. Sandra this is a blue rally. All the dow points that we are seeing, it is a winning quarter and that really made the dow move up. Sandra by the way, david, google, today up more than 20, 5 on this trading session. That is certainly helping out the trading session. The s p 500 looking to settle just below 1500. Up a couple of points. The nasdaq very dependent on apple, right now up 10 points, the russell 2000 however moving the opposite direction finishing lower for the day. David what happened to the russell 2000 . Oil falling from a fourmonth high in the day down about 1. 5 at 95. 23 per barrel. A lot of people are not crying about that news but crude fell after they cut the Global Growth forecast. Also the pipeline was reduced. Sandra wall street are trend followers. The gold miners are seeing a move to the downside led by shares reporting Gold Production that fell well below analyst expectations, the group was down by poor guidance from one of the competitors. David reporting his fund lost almost 5 , 4. 9 in the Fourth Quarter lowering the yeartodate return to 7. 9 . At the end of the quarter, Greenlight Capital the largest disclosed positions were apple leading to the downward movement. Cigna, General Motors and gold. Sandra we are awaiting apple to report earnings sometime this our shares are down 5 this year. Some big bucks have been showing some weakness to say the least. Full coverage of those numbers as soon as they come out, also were watching out for netflix to see if their Big Investments are paying off. David we will head back to davos where lives continue liz o talk to political business leaders. The leader of iceland. You know they were really the canary in the coal mine. The ones who first had trouble with their Banking Industry in that happened before we did. They really led the way. So what is iceland doing now that could be an indicator of how we might do in the future. Also, two hotel tightens in growth mode. We will see how governments can foster even more business and jobs. Sandra what drove the market with the data download. Lawmakers voted to extend the borrowing limit. All three major averages posting gains on the s p 500 closing up for the sixth straight trading day in a row. Technology and telecoms the Top Performing sectors while materials and energy with the selloff in oil lag. Golgold dropping from a onemonh high to end the trading day in the red, the precious metal giving back yesterdays game 6. 50 to settle slightly below 1687 per troy ounce. In the euro, falling to one week low against the u. S. Dollar amongst speculation a large investor is selling the greenback. The euro fell to 1. 32 in intraday trading. There was speculation he was selling the euro, that expect investor. David a huge day for apple, which of course is in most peoples portfolipeoples portfor another. In the pits of the cme, and our market panel to talk over apple and all the other news of the day. Jerry leavy and david wright, managing director at sierra investment management. Tim at the cme. I would say everybody is focused on apple right now. What are expectations in chicago . Everybody is focused, but i am not so sure it is this quarter. What they will do for the quarter and in march. It will really be key, specifically apple lowers expectations, but the concern is they might not get away with it this time. Having said that, why i say this quarter may not be so big. They were originally looking for 11. 77 or sure. They have already raised estimates, the report the other day now expectations are a little bit for this quarter, so watch the march quarter. The guidance they give will be the focus. Sandra were also looking at netflix. I am hearing that if netflix at least reports inline with estimates the focus then will merely be on their subscriber growth. Fast Speed Internet subscriber growth for streaming video. What are you watching . You are right, you look at what theyre expecting, a loss around 0. 12 a year ago. Because of their investments to increase their Subscriber Base, which last guidance, last quarter was 1. 3 million or 1. 2 million. They have to come on the high side of expectations because the stock is up 40 since last quarters earnings. The huge runup, so they will really have to come in near the top end of the 2 Million Subscriber range to get things going on the upside. David is the market, the cme expecting a pullback in the stock market . People are, but what you are seeing is the liquidity from qe forever. Nothing truly upset this market. David hold that thought, just wanted to alert our viewers the numbers are out on netflix, it is a huge afterhours jump in netflix, almost a 20 increase after hours. Right now it is a 20 increase. We are going through the numbe numbers, what is going on with netflix . A lot of people saying it was already too pricey, now it is after hours going up to 124 per bid. It pulled back 7 , so we will see what those numbers do. Sandra the revenue number right in front of me, 945 million for netflix for the quarter. The expectations 934 million. So that at first sight it pretty decent speed. It is good, take a look at the stock in afterhours trading up 23. Substantially above where it closed todays session, still waiting on the actual earnings number to come in here, but the revenue numbers substantial beat for netflix. I think i saw that flash across the screen, that would do it, i think. David maybe that is because i stopped my subscription to netflix but many people say this stock has gotten way ahead of itself, anything over 100 is a little too pricey right now. Hold your analysis of my view, adam has more details on the numbers for netflix. Go ahead, adam. Adam expecting a loss, instead the earnings per share of 0. 13 as the center reported on the revenue which peaked dramatically 945 million with 2 million streaming, 2 million members to their streaming unit. Netflix doing much better than a lot of people had predicted they would. David that was on the high end. Looking to gain 1. 3 million to 2 million. It wasnt a burst through the highend number, but it hit the high subscribers, so this gaming. We should mention it is not just the United States. They have expanded into the uk, lot more business, and some of the countries like denmark, sweden, norway. Sandra theyre saying their domestic subscribers, david, were 27 million. He mentioned the jump in streaming more than 2 million members in the Fourth Quarter alone. 27 million domestic members, that is really right in line with forecast, so were still waiting on some more numbers because this is a huge surge in the afterhours trading, david. David lets bring in the market panel. Lets go to you first on netflix, 20 increase after hours, will it hold tomorrow . This is something i did not expect out of netflix. Karl i cant really force the hand of a lot of traders boosting shares. David carl icahn in october got 10 stake in the company. Go ahead. It was a good move on his part. I want to stick to the details, have a problem justifying netflix multiple given the competition, but they are delivering on the Subscriber Base and i like to see how they achieved that revenue and those earnings but for now i think the market will retract a little bit. Looking for is based upon the little i know. Sandra looking at the stock surging in afterhours trading, you are very bearish on the market environment right now. This is a very bullish sign for technology stocks, what do you say after this report . What we are seeing is this is the time to be cautious, in fact we dont follow individual companies per se, you can set the end of the recovery rally from the march 09 at bottoms, were in the frenzy of the speculative issues and speculative moves. Very few stocks move the market. That is the sign of a process at least for the short term. David staying with you for a second, says there is no factual evidence for being bearish right now. If thats your only evidence for being bearish . Not at all. It is as optimistic as it was at the tops in 07. The vix at almost a record low. Look at the money it is declining the fastest rate in a hundred years. If you look at everything that has poured in the last couple of years, which is the only sustaining factor for most of the past month is being taken away because the money is not being taken out at all. There are other factors as well. Sandra can we go back to the cme and the trading pit in chicago, s p futures for four more minutes of trading. What has been the reaction in the pits following that report . Has been muted action because theres not quite the move on apples the impact on these index will not be as large, but it would be a positive tone. David i want to talk about some of your pics specifically disney. What do you think about disney Going Forward . Was making a joke about apple, comparing apple to disney. Apple trading 10 times forward earnings. The trading 16, 17, 18 times forward earnings. It is all relative when you look at the marketplace you have to compare it to Something Else, compare the stock value twit has been in the past or where it will be in the future. Apple has a lot of changes happening and growth. Much more stable model, that is why disney is able to command a 50 higher multiple than apple. I think a stock like apple may be warranted a little bit of attention. David that is a great point, interesting to see the future of Something Like disney than apple right now. Thank you, gentlemen. Great stuff, appreciate it. Sandra one of the most anticipated Earnings Report of the season. Of course i am talking about apple, the stock still well off of the high reach back in september over 700 per share. Taking into numbers as soon as they are released sometime this hour. Keeping a special eye out for iphone sales in the companys outlook. David Raymond James with earnings, a and this was the reaction from the seo paul riley. Were they talking about it. Are they now getting back into it . Sandra up next off to d. C. Where the house is located raising the debt ceiling temporarily and also a clause that could get them from getting paid. Keep it here on fox business. [ indistinct shouting ] [ indistinct shouting ] [ male announcer ] time and sales data. Splitsecond stats. [ indistinct shouting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All onhinkorswim from td ameritrade. [ male announcer ] how do you make 70,000 trades a second. Reach one customer at a time . Or help doctors turn billions of bytes of shared information. Into a fifth anniversary of remission . Whatever your business challenge, dell has the technology and services to help you solve it. David shares of netflix considering to soar, 129 the fourthquarter earnings beat. Back to nicole on the new york stock exchange. Who would have guessed a 21 increase after hours on netflix. Nicole when you were talking the earnings season, this is one that is hot right now and will be certainly one to watch tomorrow. Take a look at this bid. Netflix in that 129 range closing at 103, a gain of, as you noted, over 20 . A clear beat on netflix. The loss of 0. 13, the revenue beats the street and the outlook is far beyond any expectations. There were expectations of a loss of 0. 07, they are certainly going to beat that. Their outlook is looking better than what was expected. And you talk about the added nearly 10 million global streaming members in 2012, that is good news there. Also looking at other names as revenue, we noted that. This will be one that will be certainly surprising wall street exponentially, dave and sandra, and we are seeing is still in the 129 range, certainly a clear winner. Back to you. Sandra everybody was wishing they could have gotten in on apple. Got it on netflix. Kicking the can down the road, as they say, approving a bill that increases the debt limit through midmay without matching spending cuts. David Something Else that was very interesting slipped into the bill. Some people are none too happy with this. Rich edson with more. It appears it will get through congress, david. Congress doesnt get paid dont pass the budget. This is the bill that passed a couple of hours ago increasing the debt ceiling through may 18. If house lawmakers dont pass a budget by april 15, they dont get paid, if senators dont pass a budget by april 15, they dont get paid, the money goes into escrow and to get the money when it passed the budget or when this congress and is, the end of 2014 into early 2015. They will not stand in the way of this threemonth increase of the debt ceiling. They want a much longer increase. Ideally we would extend, raise the debt ceiling for a long period of time so that this is not a question, the uncertainty surrounding as of late 20 political strategy House Republicans have taken will be removed. The senate will take this bill up and pass the bill, so feebly the white house and the senate, it is a done deal. Now, and the senate and the house putting a budget together. John boehner said his budget republicans will release shortly will balance the budget in 10 years. David rich edson, one of the best reporters i know in washington. We are awaiting the numbers on apple. The stock is about 30 off of the alltime high in fall. Could we see the earnings decline for the first time in almost 10 years . Keep it right here, a very important our coming straight up. Sandra seaway president of iceland is against big bank bailouts. train horn vo wherever our trains go, the economy comes to life. Norfolk southern. One line, infinite possibilities. Sandra you think our ranking crisis was ba back in 2008 . It was, but imagine iceland. Their three against banks failed. They just failed, the banks of the same leveraged that our state of the governments took the opposite approach of the u. S. So did the world end . Hardly so, david. David the World Economic forum with a leader who had to make that tough choice. Liz david, the world hardly froze up and ended for iceland. Sure, they had majo have major , 10 unemployment, 90 of the value lost, but today it is a much different story. We want to hear about this from the president of iceland. Welcome, mr. President. Thank you. Liz in the u. S. A lot of people still wonder what would have happened if we had let our banks fail. I know is a completely different scale, but talk about your experience and back then in 2800 google did was to allow Something Like that to happen. Even though the scale is different in iceland, whether they are at large, small, they face similar challenges. Could apply similar solutions. In our case we decided to let the banks fail, they were private banks. I have never understood why somehow banks are the holy church of the modern economy. It is normal to let other companies go bankrupt and fail, suddenly when a bank is in trouble and everybody says no, no, no, this cant happen. Some people say we didnt have the money to keep them going. To some extent that is true, but it was also a part of a comprehensive policy where many other issues, talking the financial view in the United States and europe, four years later or so iceland is recovering in a very remarkable way. We have 5 unemployment, the state finances are in reasonable shape. So by going against the orthodox view is, prevailing in the u. S. And europe we managed to create a recovery which is quite remarkable. Liz so you did not look at the banks like these golden children that had to be coddled. Rewarding the bankers and shareholders, why when they fail, taxpayers, teachers, nurses, workers pay the price and feel the burden. Liz rightofway in the first year you did not resort to a sturdy, you opt social spending in certain programs, but then eventually you implemented some 100 different taxes. How did that not slow down the growth you had finally gotten . When you are taking a nation through a profound crisis, and although we are now a cold, we should not forget it has created enormous hardships in iceland for the families who lost many of them their houses, some of them their entire savings. So if youre going to bring a nation through a profound crisis like this on the road to recovery, you have to enable them in the system come you have to empower them, you have to make them realize that everybody is paying the consequences. Into the system in this way. Liz does it surprise you 48 of americans dont pay at least important chunk of the taxes . Yes, to some extent it does. We have to realize if our democracy is going to have a prolonged crisis like this, you have to instigate the political process in such a way that people are willing to bear the burden and pay the sacrifices. So what we did was not only to go against the traditional view of the fiscal policies, the tax policies of the welfare state, we introduced currency controls, we devalued our currency. Liz david cameron, the uk leader, is making news by giving a major speech in which he in essence says he wants to distance himself from the euro zone. He had defended talks about becoming a member of the euro zone is one of the democratic ministers in your country is saying we have to be a member of the euro zone, and will be dynamic for our economy. Will you ever be a part of the euro zone . I dont think it is related, but it is clear where the euro zone was appealing for a year after the bank collapsed it is a completely different picture today. Liz we appreciate you being on fox business. It is a pleasure, thank you very much. David, interesting and completely different way of handling a banking crisis than the United States did. Sandra certainly is. David later this hour back to davos where two giants in the Hotel Industry, ceo of marriott and hilton together on where they are seeing growth around the world, and we ar were goine talking. The main story is apple. Sandra were waiting on Apple Earnings coming out right now, as a matter of fact. 54. 50 yen in sales. Billion in sales. Off of its highs. Trying to get some numbers coming in, and watch this stock in afterhours trading. All eyeballs are watching. It is already getting a bounce in afterhours trading up a couple of percent at 523 per share. David the two Sales Numbers to look at, unique items are iphone 5 sales, wall street estimated apple sold up to 53 million