Reporter because we came in with some Sales Numbers, new home Sales Numbers actually were stellar, highest levels we have seen since 2008. A real winner, about five and a half . Ashley interesting story also, nicole. Investors betting on stock despite disappointing revenue. Reporter we are getting news. Governor Chris Christie may believe it legalizing. Ashley that explains it. All right. Lets wait for the bells rang. On the flip side investors fleeing shares of retailer vitamins are today. Reporter right. There will be opening as many stores as anticipated. So down big time today. [closing bell ringing] ashley all right. The bells are back rihanna wall street. That up about 117. Dont panic. Wideopen. Here we go. Up almost about 118 points, s p up nicely sebacic tenths, nasdaq and the russell composite , both of close to half a percent today. So the big focus on european markets today, and thankfully we did not follow them. Stocks slumping. Italian yields spike in as well. Inconclusive italian Election Results fuelled fears of political instability across that country, of political vacuum which leaves the index sinking almost 5 with banks posting some of the biggest losses in europe. The uncertainty overseas hitting oil with a commodity selling of the lowest level of the year. Crude shedding 0. 48, ending the day at 92. 603 a barrel. That is the lowest since late december. On the flip side, gold posting its biggest 1day gain of the year are rising 28. 0. 90, selling a 1,619 per troy ounce. The rally fuelled by fed reserve chairman bin bernankes comments that these concerns that the fed will reconvene the bond buying program. Well, priceline is pursuing rapid topline growth. In just a few moments we will see if that continues when it releases numbers for the Fourth Quarter plus the acting treasury secretary is in chicago talking about growing our economy, and so is liz claman he sat down with him for an exclusive interview just days before we could have those automatic cuts take effect. Liz. Liz this is the interview to get. It is the acting treasury secretary. Remember, Timothy Geithner left the position. Now is kneels to have at the moment while they wait for jack to get the confirmed and, boy, i will tell you something. Did he anticipate that this would be on his shoulders . Youll be watching the sequester very closely. You hear from him. We have a 2part extensive interview on a whole bunch of things, not just a sequester, but the volker rule regulations. When will they be ready so that you can figure out how to handle all this and what will they look like and will the statues of up . All of that and so much more with neil and i. We talked of the chinese currency, oral treasury push a little bit harder to get them to vote there. What about what is happening in japan . So much to talk about with kneele. Listen, theres a lot to talk about here. A raging snowstorm outside heating up. The s p futures pit on quite the day. As you know, we had a big rally. People look down at the takers. You can see the action as we are closing of these pets, and we will be showing you the final closed at 15 minutes past the hour. The s p futures pit. Coming up in this next hour, lets make a chicago ceo date. The ceo of those firebrands, the ceo of zebra technology, big are fit, radio frequency Identification Company that has been in that game. At the forefront of it. Of course jimmy dean sausage, on a tiered, doing extraordinarily well. A trader, and who will find out what he thinks he knows and lost a ball of minutes. You saw are bought gasoline dropping six full percentage points. The consumers of that, but what does it mean for the traders your comedic. Ashley looking forward to that. We will tell you what drove the market today. Todays data download. Stocks bouncing back reducing half of yesterdays losses. All three major indices ending in a green. Federal reserve chairman ben bernanke defended the monetary policy. All ten s p sectors posting gains of materials and Consumer Discretionary is leading the way Consumer Confidence rebounded in february from its lowest level in more than a year. The Conference Board reporting its index of Consumer Attitudes accelerating for 69, the highest level since november. New home sales surging in january, posting the biggest monthly jump in nearly zero years, its highest close since 2008. Sales rising 15 in january from december to an annual rate of 437,000. Lets head back to elicit the cme for a look at todays action from the pits. Liz action at the s p futures. You know when i love about trading floors . Everybody has these toys. It is not childs play at all. It comes to treating everything on the Worlds Largest futures exchange. One of our good buddies, you may recognize him. With us right now. Tell me about the day. A big rally temple was specifically were you looking at . Forty deasy the money. The 1500 level on the s p. As you can see, we are just under that. We get that market came just underneath. As far as cold as concerned, that is the currency. We get that 1550 level and all that level that we passed through last week is now an area of resistance. Liz last week several was saying thats it for gold. In the Hedge Fund Guy is getting squeezed by the shorts. Historic leap the smart money in gold has always been wrong, and that is what people dont know. He go back to our 15 years there always been wrong. Kent produces and miners themselves, theyre all that long. Begin push above the 1640 mark. Liz platinum, palladium, and silver go along . It does. There is some correlation. The treasurys. Were buying 80 percent of everything that is being printed with the fed. That is ridiculous. We cannot sustain that. Liz we will wait. You predict at 1500. We will stay just under. If we dont push above it will be a pullback. Liz below is a slightly bearish trade. Thank you. Good to see you. Now lets get to kneele, the acting treasury secretary. I had an opportunity in a fox business exclusive to sit down and today, and we will be talking about than a minute. Back to you. Ashley looking forward to it. Thank you both. Thats history to this tree fight. We have matt lloyd, brad lehman. Brighter outlook. I want to hear what youre up to say. Obviously you believe that the rally that we have seen still has some legs. What is our reasoning . I think that a lot of times we are kind of confusion that line rest for fundamental rest. Its like confusing and perhaps for heart attacks, but if you look at the Federal Reserve and what is going on globally, you look at the consumer profile, 65 trillion yen net worth. Policy take a look as 17 and half trillion net worth for Corporate America and take that and say, what does Corporate America do with their cash . We see an increase in dividends, roughly three times the average annual growth rate. Treasury yields. Youre going to see asset inflation that will be something that we have not seen in a long time, but it does not happen in mumbling swoop. Those are actually tempered by a lot of the bearish comments in that line. That creates that wall of worry which is why we are more bullish ashley brad, lets go to you. Were you forecasting heart attacks when really they are just tips . Not so bullish on the look. And we are not always bearish. We actually get very bullish in november when a lot of the sentiment cages sad, extremely, had come down a lot. And we now feel like that with that sentiment, its 69. That is the sentiment of the marketplace. It is never it is always lost money every time thereafter. Insiders are also selling over to nasa1. In other stocks well. Last time we got up to the sub levels was probably in about september. We had a 10 correction thereafter immediately. We started some of the correction recently. We have to move back up. We are very bearish. Ashley how far you see the market pulling back . I dont know. I am not looking for a crash. Ten, 15, 20 depending upon your stock. I dont think the end of the world is going to come, but i do think the people are going to get disappointed in that the sentiment numbers are a bit too high. Ashley lets go back. Bringing up a good point. The Insider Selling story has been interesting. Nine to one, now ten to one. What did these people know that we dont see . You always see in over under selling and the insider. That is that the newissue. A lot of it well, but we saw a lot heavy at the end of last year when we saw certain things taking advantage of the potential for increases that did come about. The immense amount of buyback, the increase in dividend. If you look at the activity, the possible lbo, dell and best buy, look at what is happening. You dont go private if you think that there is not. When he was talking about sentiment, there are three. Consumer sentiment, business sentiment, but the Investor Sentiment as a whole, if elected the equity fund flows, they are still way arawak. The average investor, we always talk about extrapolating the future markets in the equities in the economy. Well, you tend to see a lot of people like the Wayne Gretzky economy, you go to where the puck is going in dump yourself in a selfimposed penalty box. Ashley im going to have to interrupt you because we need to get to the news desk. Lauren with Fourth Quarter earnings for priceline, the travel site. Reporter they are in and looking pretty good as far as cbs is concerned, expecting 6. 504 per share, adjusted eps coming and 6. 707, baby. Shares are up significantly year in afterhours. Revenue in line with expectations. It looks like what priceline had to say going forward, gross travel bookings certainly about 33 yearoveryear. Another 30plus percent rise in key one of this year as well. Dino priceline from its 270,000 hotels that it looks at, bookings, tons of brands under its big umbrella. I nuys reaction on the street right now. David ashley and nice pop. So in line on revenue in priceline. Thank you. Let me bring back in if i can bread. I want to bring up some points that mao was making. Look, Investor Sentiment is not really keeping up with Consumer Sentiment which did spike. The Consumer Sentiment, he is totally right on that. However, the thing that i tend to look at is the correlation between these numbers and the stockmarket reaction. And the research has gone back to 1994. And right now the sentiment is at 69 and a half. You have never ever made money thereafter after this hive a number. Like asset, not looking for a crash and im sure there are a lot of great stocks. Home depot is one of them. Cocacola. There are a lot of rare ones out there, but theres a lot of trouble coming, and we feel like we are positioned inshore stocks that have weak fundamentals. Im sure you can navigate in Stronger Companies as well. But i do think that the next few months are going to be a bit rough. David ashley we shall see. Thank you. Thank you both for joining us. We appreciate it. Time is running out for lawmakers to reach a budget deal and avoid automatic spending cuts. Coming up next, we will head to d. C. To see if any Real Progress is being made as the war of words continues. Plus, the acting treasury secretary, weighing in on the impact of those automatic cuts on our economy. Does he expect an 11thhour deal . Its almost that time, isnt it . You dont want to miss the exclusive interview. Keep in right here on fox business. [ male announcer ] this is karen anjeremiah. They dont know it yet, but they gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight out money. [ dog barks ] cause right after they get married, theyll find some retirement people who are paid on salary, not commission. Theyll get straightforward guidance and be able to focus on other things, like each other, which isnt rocket science. Its just common sense. From td ameritrade. A talking car. But ill tell you what presses me. A talking train. This ge locomotive can tell you exactly where it is, what its carrying, while using less fuel. Delivering whatever the world needs, when it needs it. After all, whats the point of talking if you dont have something important to say . I honestly loved smoking, and i honestly didnt think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. It reduces the urge to smoke. It put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. If you notice any of these stop taking chantix and call your doctor right away. Tell your doctor about any history of depression or other Mental Health problems, which could get worse while taking chantix. Dont take chantix if youve had a serious allergic or skin reaction to it. If you develop these stop taking chantix and see your doctor right away as some can be lifethreatening. If you have a history heart or blood vsel problems, tell your doctor if you have new or worse symptoms. Get medical help right away if you have symptoms of a heart attack. Use caution when driving or operating machinery. Common side effects include nausea, trouble sleeping and unusual dreams. With chantix and with the support system it worked. It worked for me. [ male announcer ] ask your doctor if chantix is right for you. Liz hey, we just saw the s p futures pits close and unchanged. There it is. Unchanged in the level. 1496. So what he was saying was if we did not hit 15 pomade might be disappointment. A possible selloff, but you just never know. Once again, s p futures closing unchanged. 1492. Back to you. Ashley thank you. In fact, he called it. Just under 1500. Shares of best buy sinking today. Lets head back to nicole on the floor of the nyselisted. Reporter a couple of pieces of good news. The head count. They will reduce the head count pushing back earnings, so lets take a look at the right here. Closed down, 16. 46 per share. They will reduce headcount by 400 people, roughly 4,000 employee headquarters. And this is obviously part of their bake at that they are doing, trimming big time. First 150 million that the plan and saving. This coupled with the fact that the plan and pushing back their Earnings Report a day or so, of course we continue to follow the alltime story about the chairman. His baby, the best buy, whether or not he will be moving forward with this one. In the meantime, you see the stock could move to the downside pushing back. You want these companies to report. Any change never is perceived as good news. Ashley no, it isnt. Youre absolutely right. Still no budget deal, and we ar less than three days from automatic spending cuts. Today fed chief bernanke said congress and the administration should consider replacing the front linkups with policies that reduce the deficit more gradually in the near term. Meanwhile, the president is on the road highlighting the impact of defense cuts. Where is the deal making . Live from washington d. C. With the latest on, i guess, than non dealmaking. Reporter not in washington. The president , again, warning of mass layoffs and destruction. Every day shipbuilding yards. Congress could replace the automatic spending cuts if republicans would agree to higher taxes on more of the americans. All we are asking is that they close loopholes for the welloff and about connected, for hedge fund managers, oil companies, Corporate Jet owners. Reporter this kind described the president s trip was a road show. Senate democrats are calling and House Republicans to what steve up as a proposal to replace the automatic spending cuts. House republicans covet tough call lovelier doing the same. We have to move the bill and the house twice. We should not have to move the third bill before the senate gets off their and begins to do something. He should understand who is sitting on the posterior. We are doing our best to pass something. The speaker is doing nothing to try to pass a thing of rare. Reporter schedule to be out of recession and the spending cuts began nro are already preparing for the next deadline when government funding. Discussing there plans for that deadline. Ashley interesting. Thank you so much. All right. So, the budget fight looming automatic cuts, texas, treasury babble with 11 state attorneys general. Quite a full plate. Coming up next, liz claman couples all of that and then some of the acting treasury secretary. Find out what the man in the drivers seat is saying about the future of our economy and, yes, your money. Exclusively on fox business. [ male announcer ] how could a luminous prote in jellyfish, impact Life Expectancy in the u. S. , real estate in hong kong, and the optics industry in germany . At t. Rowe price, we understand the connections of a complex, global economy. Its just one reason over 75 of our mutual funds beat their 10year lipper average. T. Rowe price. Invest with confidence. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. With investment information, risks, fees and expenses you know it even after all these years. But your erectile dysfunction you know,that could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. Tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. Do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. Do not drink alcohol in excess with cialis. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, seek immediate medical help for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing o