It is gold. Woodsons leave swan. 3 billion, lets start. Nicole petallides at the Stock Exchange with that breaking story. Nicole we started to learn about these tweets and they were confirmed after that, 3 billion of investments for carl icahn over that amount in apples so now with that we watched the stocks this morning moving to the upside and here is, 1. 3 . If you look at an intraday chart around 1040 one to be specific, there was a big spike in volume and we saw the stock pot. It the lowest debt that it was 5. 47. And investors, Share Buybacks, this is the big plan, apple is doing a great disservice to the shareholders by refusing to sharply increase the buyback program. I never heard that before. Tweet along with us. We will be back to Nicole Petallides in a moment. We head to don bose as well. The worlds wealthiest for the wealthiest americans are getting hit with higher taxes for 2013 and new top tax rate of 40 for this tax year along with the medicare taxes to pay for obamacare, joined by boston to talk about this by fred wayne and vice chairman of Investment Banking at Raymond James who rejoins us today so you have this new top tax rate bringing up a conversation about the effect of all that. What do you think . Will there be a bigtime effect on the investment and more people getting hit . I dont believe that to be the case. We are going back to the clinton era rates, 39. 6 . The Incremental Healthcare tax, going to be costly, i think the troubling part about that is, 250,000 of earned income regardless of the marginal rate and another tax at 3. 8 over 250,000 income for dividends, interest in capital gains. As usual the lower rates on earned income, higher rates on unending come as if it wasnt earned and of course usually income is earned, one has to invest to generate capital gains, one has to take aftertax earnings so the idea of taxing income at a higher rate continues the dialogue around theres a difference between savings and having assets are having earned income. What is more virtuous than the other. Connell one of the things i picked out from your statement at the beginning of your marks opening up the dialogue is you dont think there will be a huge effect, i am sure people heard them over and over again they will higher taxes and affect investments. How much of what you do in terms of investing, how much of that is affected by taxes . I run our Consumer RetailInvestment Banking business. What we like to see our stimulus to consumer spending. This is not the bigger dialogue here relates to both sides of the aisle being dug in on their positions, and democrats basically saying we must have higher taxes. That is the general position. Not saying there are out liars and exceptions to that and republicans say we must cut transfer payments. I will continue to say transfer payments good for the economy and lower taxes good for the economy and here is the thing. Transfer payments the real conversation should be how do we get people off of transfer payments into real jobs . If you want to create real job growth you should continue, you should lower taxes and you should continue the transfer of payments but again the idea, the objective of transfer payments should be to get people back to work. Did have that focus, not to maintain a dependency people have on the federal government support. Connell going down a party line on everything. Whatever the individual opinion on this is not necessarily the best thing on every course we talk about. Fred lane, we will talk again soon. Dagen they 1, 40 Fourth Avenue in switzerland, the biggest gathering of World Business and political leaders, but it wouldnt be davos without problems. Connell tends to draw varying agendas as one Economic Forum with the same goal, get access to the movers and shakers. Connell liz we are tiny swiss alps village. It is freezing at the moment but really heating up with all the movers and shakers as you call them and we are talking about the people who really matter in the world of business and of course World Leaders. There is a hierarchy. When you have an all access badge. We were able to get this, that opens doors to all kinds of business deals with many ceos do come here, a real regular here is mike freeze of Liberty Global. That is the Worlds Largest cable operator but absolutely future in europe. We could kick it off with you, a cable giant. You got the all access, you cant get anywhere without it. Tell me what your focus is while you are here, just arrived today. This is my canned year. The focus is across a few different areas. One is to get together with my peers and i will get with the other ceos and talk about our industry. We spent a lot of time with politicians. Where we do business, speed dating kind of meetings, 30 minutes but that is what you need to get the point across. You can network. People you need to know and get to know better are all here. Rich speed dating for business. Reporter i was on a panel on hyperconnectivity and our own event on friday where we were launching one of our policy studies talking about the imbalances on the web, going to dinner is and the same thing you are doing, getting to know people ledbetter and learning things. Liz your business is very europe centric. You are the largest cable operator in europe, you got operations in the u. K. Virgin media, made a big acquisition in germany. Last time we spoke you talked about how europeans cable bills are less than we pay in america. Our average bill is 45, 220 to 140 and offering faster broadband speak. Liz same channel . Same number . A lot of reasons for that. Primarily we dont have pressure from programming. Disney and espn and fox news, everyone wanted more and more and you were able to pass that along to an affluent consumer base. We dont have that same pressure. And i would rather start low and get high rather than start at 100 and watch netflix and take customers away. Liz what is the one feature you look forward to seeing that will be the most Important Development in the cable world in the next year or two. We are still waiting on apple tv in its mega farm, intel developed a tough box, that didnt work well. Has to do with bridging the functionality get. The average cable home has an antiquated died. Look at what we have done, what comcast has done, my kids dont bother with netflix or apple because the guide has been Something Like 3d graphics, recommendation engines, school navigation, getting that functionality right to me is a game set match because we got the content. Liz i would say cable was supposed to be the natural leader when it came to new developments in the sector and when you talk about what is really able to be accomplished people want for example to d b r something in their home but they end up in a hotel room or airport thousands of miles away and went on their mobile. Totally right. Moving content to multiple devices is something we do day. You can move content to your ipad, laptop for mobile phone. We are making that available. We dont have to be the first to innovate and make these things happen, we can follow quickly and have the content and customers in the bandwidth. That helps us to deliver these services better. Liz lets talk about programming in europe versus america. There is almost a new sense of excitement when it comes to the shows on amc like breaking bad, and downtown abbey on other networks. You just sold your content company to amc. Are content business was a series of channels that we are not that strategic but very strategic to amc who is looking to bring their brand and their shows into europe. Consumers in europe love television. Liz what are the hot shows . Breaking bad, homeland, they like all the same great shows we like in america because it is great content and those make their way here and will make their way here and various networks. Broadcasters in europe are very strong. Cable channels are getting stronger but broadcasters are strong. Liz is easy to deal with . Regulators in the United States regulators in europe . I used to say europe. The challenge in europe, easier. The challenge in europe is we have regular set the local level. We work with the german regulator and a u. K. Regulator and dutch regulator and they dont always agree with brussels little level Playing Field can be wildly from time to time. Liz from the perspective of Liberty Global and your business what is the one goal you have for 2014 that is different from last year . Good question. We are doing a lot of the same things. I got asked this question at an Investor Conference and i said our primary focus is growth. Dont own the stock if we are not growing. Secondly innovation, new products and all the things that grow. We want to make sure we are doing the right thing on scale and consolidation so we continue to grow through and then they end in europe and we are aggressive on our balance sheet, five times leverett. We believe in putting money back in shareholders pockets, we have done 13 billion in buybacks. Nothing is going to change dramatically. Liz viewers like that. Great to see you. He just arrived in davos. You have done well. Thank you very much. I am sure as much as he travels the state at a marriott or two. Arne sorenson, the ceo of marriott is here in dog goes with his mind planted on a different continent and is not north america. Stay tuned. The next hour Arne Sorenson on fox business from of those, switzerland. Connell the east coast digging out from the snow storm, dump the foot of snow in some areas, Flight Cancellations and delays across the country and we have details on that. Dagen a free Checking Account from t mobile. Connell wont believe speaking of interesting with the oscar nominee jonah hill was played for his role in the wolf of wall street. Numbers on that coming up on markets now. And she might have if notor kari, the identity thief who stole jills Social Security number to open credit cards, destying jills credit and her dream of retirement. Every year, millions of americans just like you learn that a little personal information in the wrong hands could wreak havoc on your life. 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U have so much to protect and nothing to lose when you call lifelock right now and try 60 days of Identity Theft protection risk free. 60 days risk free. Use promo code onguard. Order now d get this document shredder to keep sensitive documents out of the wrong hands. A 29 value free. Connell will fall of wall street conversation about what jonah hill was paid. You heard Stuart Varney gave, the lines were out the doors. And they had top competition, names like wars and other luxury retailers and consumers, stock is down 6. 3 , in the meantime lets take a look at michael course and also, michael course of 52 weeks, and by the way today, and on jan. Ninth, two states. It is the only mean branded has left. It came under liz claiborne, add 30 names including juicy and the like but has gotten rid of those so it state all the way. Dagen made my dress if anybody cares. The one someone said was inappropriate for the cold weather and i heard nothing. Thank you. T mobile is rolling out mobile money, free Checking Account service for its customers, debit cards customers manage their account at the t mobile for through the mobile money apps on their smart phone. Customers can out the objects, transfer money to fill a mobile money users, locate any of the 42,000 no fee atms offered by the company. Would get shares of t mobile. Connell the actor jonah hill played a trader in wolf of wall street but did not get paid like one. He revealld t howard stern he was paid 60,000 for what was nearly a seven month shoot, 60,000, was nominated for the role, took a low salary to work with his idol, there you go. Leonardo dicaprios paycheck at 10 million. I like it. Dagen also got a producer credit. Along with Martin Scorsese which is being signed by the academy. We watched it. Connell i havent seen it yet. Dagen much better than you would expect. Much better than you would expect. Where else can you see Leonardo Dicaprio with a candle in his but . Connell i am not sure. Thank you for asking that. Dagen decrees leaving travelers stranded across the country. Their woes continue. Connell was starting for parttime workers at target. The retailer plans to stop offering them Health Care Coverage. We will have that coming up in a few minutes as we continue on markets now. Stocks now, here is currency, everyone shaping up against the u. S. Dollar. [ male announcer ] this is the story of the little room 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 power to do more. Dell is honore to be part of some of the worlds great stories. That began much the same way ours did in a little dorm room 2713. This magic moment open to innovation. Open to ambition. Open to boldids. Thats why n york has a new plan dozens of tax free zones all across the state. 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How does your phone no true north from the gps system . How does a smart tablet know that . They have micro electro mechanical sensors and that is what this company does. And amazing company, one of these young startups that is starting to rockandroll, revenues were up 28 . The Gross Margins still well over 50 . Stock has been on a nice care, needham downgraded. This might be a good time to get in. Here is the thing. Last year they shipped their chips, 120 million devices but no apple. That is the one everyone is waiting for. No reason apple should noo be using them. They have the best business. Yearago management problem, they had a visionary guy who started the company but sometimes visionary cant run it. They used s t microsystems but everyone in the industry agrees this is a better product. That would be the impetus for the spark for the next major made to the upside. It is a little off the beaten path. Connell we will wait we will wait for apple to be added to us. 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