Backing a styrofoam base and and says it will get in your closer to his goal of recycling onethird of the trash. Restaurant owners up in arms feeling attacked. You are our mayor not r daddy. You have got to stop. That is my 0. 2. Have a great weekend. Good evening, we are now looking at pictures of a live shot of boston expected to be the epicenter of the blizzard hitting this our most bracing for the effect of the potentially deadly blizzard some areas expecting 3 feet of snow we will have full coverage. Among the stories Vice President by then declares the government has the power to decide what kind of guns citizens may own. We will examine the historic role in the obamacare obtain and Chicago Police show a worsening wave of crime and now the murder capital of america, police asking for the 12 percent raise. But we will begin with a massive snowstorm affecting 50 Million People blizzard warnings are in effect means through new york city in some locations are expecting between two and 3 feet and not expected to dissipate until sunday. Officials asking everyone but the essential Public Workers to remain at home and governors of new york york, massachusetts and connecticut and rhode island already declared states of emergency, widespread power failures are expected including flooding in the high tide, airlines have canceled 4,000 flights through sunday and amtrak has suspended all Train Service until further notice any urologists are comparing this to the 130 years ago, 1978 30 years ago ago, 27 inches in providence and the aftermath was devastating. That killed 99 people and more than 4500 were injured. The impact was so widespread that president carter declared federal disaster areas sending in the National Guard was cleanup it caused half a billion dollars in damages. We have a Team Coverage tonight, the brady braving though whether. Starting in the york city. Y asked me earlier if i was ready, fortunately i am but the warnings came out two days ago. If you dont have it by now now, its too late. No better picture than this literally covering the entire northeast corridor. Although many people got what they needed groceries, prescriptions, gu est in their car, it will be treacherous, and the airlines are not traveling anywhere, 5,000 Flights Canceled and the impact will be felt for days to come. Amtrak shuts down early this afternoon leaving travelers stranded and advising people tuesday point. There is concern they get it right, Governor Cuomo had this to say. The New York Power Authority has extra personnel on duty to help with power outages. This is a serious, severe winter storm, we just went through a terrible storms with hurricane sandy, not anticipating anything like that, that is the good news. The National Guard is out. People should check the elderly to make sure people are okay. Charge your cellphone now and take it seriously, possibly for the record books. Lou reporting from midtown manhattan, now lets go to boston, mali, there is the travel ban . There is quite a few cars it has gotten so much rse the wind has picked up in and this note if people did not know about the ban by thistime people are really staying off the road i in place for nonessential, not even become a firefighter firefighter, the medical field, a plow driver than the governor asks to stay home and dont contribute to any problems leading to First Responders having to work. You could face or jail time. This is a historic storm come up to 3 feet of snow, high wind, power outages, low visibility. Also high tide expected 10 00 p. M. Tonight especially those in end lowlying areas. Listen to directions from Public Officials if you are in a coastal area if you were advised to evacuate, do so quickly because water can rise quickly. Also getting reports around the region expected to get worse overnight to and most people will be hunkered down, tomorrow the governor and other employees could assess the damage to get the power lines back up and running. To checkout neighborhoods and be careful they dont know what is under the snow and the possibility wires could be covered. Lou the wind is starting to pick up. What is the governors plan when the storm comes to my clothes . Assess damage. Right now six or 7 inches they could easily have another foot or 16 inches to figure where to put the snow. These numbers have not been seen for decades. If people do stay off the roads, the plows, utility workers can get to where they need to be, hopefully getting lights and heat turned back on as quickly as possible. Lou molly at the epicenter in boston. The storm is strengthening, lets go to our Weather Center with fox news meteorologist coming he is not ready but we will go back in just a moment. And the comparison to this superstorm of 1978 is based on the geographical area, i do stand now rick is ready. The main event is about ready to get going. The big coastal storm that is strengthening, it it will pull in the energy of the other system they will get together to see a rapid strengthening to see the snowfall rates really increase. Yellow and red is heavy rainfall rainfall but then will be a snowfall with the band that will be the heaviest, notice this break with new jersey and new york there is heavy snow to come back and within the next hour we will fill this id and will become also no. Very cold into tomorrow and that slush on the ground is freezing with snow on top of it. By tomorrow afternoon everybody here cold temperatures, of windy and cold night tomorrow with a long stretch to see bad travel conditions, a sunday is a better better day and monday will help a little bit with 40 degrees. Lou and already looks better behind you. Any adjustments of snowfall . All along the on the big question is toward the york city some 30 inches we are right on that line so york will get another seven or 8 inches but we will see those individual areas with e b3 feet totals. Lou that is a lot of snow we will keep updated on the wicked whether. President did farewell to leon panetta one day after he testified to congress the president was a wall the making the big romantic gesture. Thats powerful. Verizon. Get a nokia lumia 822 in red for free. I ed you. I feel so alone. But youre not alone. I knew youd come. Like i could stay away. You know i cant do this without you. Youll never have to. Youre always there for me. Shh ill get you a rental car. I could also use an umbrella. Fall in love with progressives claims service. The nasdaq at the highest close since november of 2,000, and volume down to 2. 9 billion shares. The Dow Jones Industrials breaking the five week win streak, and s p and nasdaq, however, squeed out gaining exteemedding the winning streak to six weeks. This is the first six week winning streak for the s p since 1971. Linkedin with an alltime high, up 21 . Aol up 7. 5 , apple up 1. 5 , and crude and oil closer lower, oil, the worst weakly performance since the end of november. Tenyear treasury unchanged, a yield of 1. 95 . Well, here on fox business, weve been focusing on the real estate story throughout the day as the Housing Market recovers. Weve been spotlighting homes for sale across the country to give you an idea of whats happening in various parts of the country including some very high end homes. Looking at a 2. 4 billion property getting you a 1900 square foot apartment, 20 down, and the monthly mortgage payment is 7,000 plus 1500 in monthly property taxes, properties of all prices and places fascinate the next guest who expects the market to make a strong contribution to Economic Growth this year. Joining us is dr. Lawrence, senior Vice President of research for the National Association of realtors. Good to have you with us. Good evening. Lou this market looks like its really recovering. Give us a sense, as best you n, how strong it is nationwide. Well, the strength of the recovery is much stronger than many people anticipated, and we are asically seeing the housing start up roughly 25 from one year before, and i think that for 2013, it could be a bigger increase because we are encountering some housing shortage. Home sales running roughly 10 higher from one year before, and the inventory level came down to a 13year low level, and because of the low draw down in inventory, one is seeing a consistent price increases, and these price increases have added 1 trillion to Household Wealth who are homeowners. Lou well, adding a trillion dollars, we still got a ways to go in this market to g us back to, well, pre2008 levels. The idea that this that were seeing this resurgence though, is it you talk about low inventory. Do we have low inventory across all price ranges, or is it isolated . It is predominantly in the lower price range because what has happenedded is that given the very low yield on cash return, money sitting at the bank or people buying bonds, many of the investors have turned towards rental income, and for rental income, they are looking for the signaler sized home, more of a bargain price. It is more of an acute shortage of inventory on the lowwr price ends. On the upper end, the market was a buyers market one year ago, but now roughly in balance, but primarily on the lower price end where investors came in, all cash, not doing the mortgage, all cash, coming in, scooping up the properties. Lou now all cash works better, if you will, at the top end of the market where one expects that kind of money, but for those who are looking for homes at the lower end of the market, they need credit, and that credit we keep hearing stories of how constricted, still, credit is for those who need it to buy a home. You are absolutely right. The Credit Condition is still overly stringent. If you look at the Credit Scores of those approved on a loan, it is much higher than even under normal years. Less discount in the bubble years, lax underwriting or undocumented loans. Compared to ten years ago, normal underwriting standards, today, the credit score requirement is tighter and somewhat puzzling giving the huge cash reserve that the Banking Industry is holding on to. Now, they are saying theres too much lawsuit, regulatory uncertainty holding back some of the lending potential, but you had many potentially good renters, financially qualified renters who could become homeowners and participate in the house wealth buildup, yet, they are denied a mortgage and, rather, you have investors who already own a home scooping up those bargain properties. Lou lawrence, thank you for being with us. We appreciate it. Thank you. Lou up next, the president s choice to run the cia defending the obama administrations drones and targeted killings. Leading Attorneys Join us to tell us where is the constitution in all of this . Yemen accuses iran of arming insurgents after weapons are seized and explosives. Fox news terrorism analyst joins me next. 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And save 50 on our innovative limited edition bed. Lou russian design sam two and sam three antiaircraft missiles c4 high explosives material found off a ship off the northern yemen coast. That shipment originated in iran. Coordinated with the navy, and mike rogers tells fox its part of a broader pattern to destabilize the region. Joining us, middle east and terrorism analysts dr. Ferris. They are caught redhanded here while they why is the United States not respondng and responding strongly . Well, first of all, this is not really the first time the Iranian Regime sent shipments of weapons as far as yemen, northern yemen. They went, imagine all i way through iran to the arabian peninsula, the International Waters to get ton an enclave in northern yemen, far from the gulf where we are upposed to be containing them, and that is telling about what iran is doing. That is telling us that or containment policy, the sanctions that we have right now are not really detouring the iranians. Its in bahrain, uae, iraq, and even in other countries in the red sea area. Lou and, of course, it is nothing new, as you say irrespective of the distance traveled issue and it was a short distance from teheran to baghdad, but in that span, we know iranians were killing american troops and did so throughout the war. There was no response. How can it be that a super power, this country, would allow such travesty without response . Whether its the Bush Administration or the obama administration. The problem, lou, is that under the Bush Administration, it was basically putting pressure on the iranians. We were present in iraq. We tried to contain hezbollah. We had u. N. Resolutions against hezbollah and lebanon. It was not efficient. In the obama administration, theres disengagement, connect the dots, sending away from the gulf half of the task force, sending messages to the leadership of the iranians not to reform, but to engage with us. We are not helping the iraqis who are rising against iranian influence. Iran is sending weapons and also its own guarded in syria to help crush its own opposition. While we are claiming our sanctions are working, iran is all over the map, and more recently, lou, two things. Iranian navy has facilities on the coast in the ports on the red sea, and port sudan. Their navy crushed the suez canal wh the help of the Muslim Brotherhood in egypt. Its problematic now. Whatyou are saying is that the United Statesnational Security Architecture is incapable of formulating a response to the adventurism, if you will, of iran and the extent of itself interest in the region. If thats the case, its beyond the political dgments made by this president. It goes much deeper, much broader than that the way i hear you describing it. Oh, absolutely, lou. Look, the decision already made in the past four years to engage the iranian leadership, and that decision has a price. They think that if you want to engage them, you will not confront them anymore. You will not confront them in syria, iraq, bahrain, and yes , maam, yemen, and elsewhere. Theres a direct threat in venezuela, mexico, and elsewhere so the result of the policy with regard to iran allows the Iranian Regime to be a bigger problem that we cannot solve within this point in time. Lou within that context, john brennan to be the head of the cia. We listened to the outgoing defense secretary, panetta, say that the president of the United States and the secretary of state were not involved in the entire period in washington, d. C. In the in the benghazi attack, acknowledging for the first time. We have some first, your reaction to that revelation by secretary panetta. Well, first of all, what seems to be the problem is the decision by the administration not to identify the threat before they strike. Thats hu. Meaning in libya, according to the cables we read, we did not see that this is a threat, and if we dont see that this is a threat, we dont actually we arnot prepared. Lou i have to say that we dont see that as a threat when we watched the British Embassy be bombed, the British Ambassador attacked, watched the International Red cross withdrawal from benghazi, what how large a tyke would be writ in order for us to get the message . This is 5 a frightening, frightening episode. Were not looking at the ideology of the guys. They are the basic attitude that we consider them as hostiles, and be aware that they may attack us. Now, once they attacked us, thats why they were looking at all other lou im out of time, but whats your reaction to the revelations about the secretary of state and the president of the United States . I think, look, my summarized position is that they are two policies now. They were two managements of foreign policy. One low level, and a different one strategic going out of the white house, and many thinks the white house had at the time objectives not really informed at the Security Council on the one hand or the state department. Lou let me ask you just straight up, yes or no. Were you disappointed or disgusted at the conduct of the president of the United States and the secretary of state . I think that by rying to put this on the video, this was a diversion from what was happening on the ground, and they tried not to inform the American Public before the elections. I think thats the con consensuf most of us, those of us who know what the jihadists were trying to do. Lou thank you for being with us. More on the rising tensionings in tensions in the middle east and president obamas response with the ateam next. The northeast hit by another big storm. In fact, a record storm. The blizzard up