Problem, also technical levels, the Dow Jones Industrials down 137 points, the lowest down 174 points. We are of of the lows of the day but seeing the down arrows and i will get to why dow is down. You can thank belling for that but there are concerns about earnings going for. Many Companies Reporting despite concerns about 2014, tepid outlook for these Companies Made everybody worry. We want to see what the open Market Committee said to policymakers and the vix to the upside. Lets get back to boeing. The worst performer on the Dow Jones Industrials 6 , it is accounting for 52 negative dow points. The dow, 1third of the dows loss is boeing. When you take a look at the s p 500 that may be a better theme of 1 2 . Boeing came out with a weak outlook for 2014. The move to hike Interest Rates and save lives, the nations currency scaring investors causing emerging markets to push european stocks lower. The real question is why is such a small economy having such a big global impact. We want to turn to global Macro Economic strategies for capital markets, joins us from miami. Good to have you here. The common denominator is an investor like myself tries to understand the foreigncurrency sand the trades that take place, easy money. The threat the Federal Reserve will clamp down on easy money has people looking at the potential to invest in turkey, not the place they want to be. It is easy, the common denominator as stated is fierce selling, panic selling, in discriminant selling emergingmarket and that is because investors, Retail Investors saying capital flowed like crazy in the easy money period and they are going back because the u. S. Said in expanding Monetary Policy unwinding so they expect to see a continued and perhaps increased outflow of equity positions, bond positions and foreignexchange positions from emerging markets but specifically from those emerging markets that are the weakest turkey has accused deficit, fiscal deficits, inflation problem, growth problem, political upheaval, so adam according to the institute of International Finance in 2010 and trillion dollars into emerging markets, ten years prior to that only 190 billion of that gives an idea what is flowing in. That is not all flowing out but the term is the fragile five, not just turkey but brazil, argentina, india. Is this comparable to the 1997 asian currency crisis that we saw . It is not. Apple to oranges, asset class is better positioned than it was in the past. Important for Retail Investors to discriminate the stronger name versus the weaker name. Look at the fragile thought that you mentioned, brazil versus turkey, brazil has two thirds of its deficit, it has won the two thirds is covered by investment. Turkey on the other hand has coverage in the tunes. Really there are important differences to be made and i will say panic creates eventual opportunities. Retail investors could look at the emerging market names, pick out the winners, the market friendly, more capitalist pro investment guys like mexico, colombia, south korea, in times of distress, indiscriminate selling. Adam as we see these fragile five places like south africa and turkey raising Interest Rates the lira fell in turkey to where it had been. The danger for those countries you explained to me earlier is a doubleedged sword. If they raise the Interest Rate they are essentials lead defeating their and Economic Growth. That is right. We discussed earlier when you jack up Interest Rates, 425 points it helps the attractiveness of currency to appreciate sword is likely stunned at least somewhat Economic Growth, that is the problem turkey and other countries such as brazil and south africa are facing at this point. This is not 1997. They have higher reserve rates, better overall debt levels, better composition of the debt and Exchange Rates are fixed which many of them have at that time so they are better able to withstand these affects into chaos. Adam thank you very much. Cheryl the turmoil is unlikely to deter the fed from trimming its bond buying. Ben bernanke wraps up his last meeting at the helm of the central bank, peter barnes from the Federal Reserve. Less than an hour to go before the decision. Peter the consensus seems to be the fed is on Cruise Control at the meeting today, economists expect a smooth policy handoff between departing fed chairman ben bernanke and his successor janet yellen to take over february 1st, at the end of this two day policy meeting this afternoon and hour from now the fed is expected to announce it will reduce its monthly quantitative easing bond purchases by another 10 billion taking them down to 65 billion a month. The fed said it would start to take credit last policy meeting in september so some analysts say the feds free ride with easy money is over so investors have to focus once again on market and company fundamentals. Dont expect that every part of the market is going to go up and that the fed will come to the rescue of the market. Maybe the fed does, it is the worst thing the fed could do to come to the rescue of the market. The fed is not a portfolio manager. Is supposed to be taking care of Monetary Policy. Peter the new deal is part of ending quantities in the fed promised to keep shortterm Interest Rate and the fed funds rate at neared zero for longer and that means lower Interest Rates on auto loans, Business Loans and credit cards for longer. Lori thank you, be sure to tune in friday at one p. M. Because peter is sitting down exclusively with San Francisco fed president john williams. One day before the fed president janet yellen takes the range from ben bernanke. Adam we are looking at commodities the head of the fed, amid the broader stock selloff, investors taking safety and gold, that precious metal is jumping 1 point two Straight Days of declines and looking at the Energy Commodities oil prices aging lower, supplies rose more than expected last week but the big movers are natural gas and heating oil, freezing temperatures driving up demand. Lori another investigation in the debris to against target, eric holder confirmed the Justice Department is looking into the target hack. Eric holder making the announcement during testimony before the Senate Judiciary committee and lawmakers want details. Democrats and house energy and Commerce Committee asking for information from the retailer ceo at of the hearing next week. Adam on. Shares plunging making it one of the worst performers on the s p 500. For quarter profit beat estimates, revenue slumped from last year. The news is raising new concerns about ceo Marissa Meyers turnaround plans for the company after more than a year she has been unable to make progress against rivals google or facebook. Ali baba which has been a bright spot is seeing its growth slow. Self parked cars in traffic for hours abandoned on the side of the road. The latest on the chaotic scene out of atlanta next. Lori struggling with 16 unemployment. Millennial iss reaction to president obamas state of the Union Address. Adam after blowing off pressure from fox business, the analyst has left the firm. Charlie gasparino has the exclusive scoop elvis has left the building. En does your work en does it end after youve expanded your business . After your companys gone public . And the capitals been invested . Or wn your compans bought another . Is it over after you given back . You never stop achieving. Thats why, at barclays, our ambition is to always reaze yours. Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Crestor got more highrisk patient bad cholesterol to a goal of under 100. Way to go, crestor yh tting to goal is a big deal, espially if you have high cholesterol plus any of these risk factors. Because you could be at increased risk for plaque buildup in your arteries over time. So, when diet a exercise arent engh to lower cholterol, adding crestor can help. Go, crestor oh, yeah [ female announcer ] crestor is not right for everyone, like peoplwith Liver Disease women who are nursing, pregnt, or may become pregnant. Tell your doctor about other medicines yourtang. Call your doctor rht away if you have muscle pain or weakness, fl unusually tired, have loss of appetite, uer belly pain, dark ure, or yellowing of skin eyes. These could be sig of rare but seris side effects. Crestor yes [ female announcer ] ask your doctor about crestor. If you cant afford your medication, astrazeneca y be able toelp. Lori in the mid level weather emergency, snow and ice paralyzed state transportation services. Debt ands may read assured city folks that the problem is being addressed. Take a listen. Standing in front of you taking every question you have so that people at home know that their government is actively trying to solve a very bad problem. Lori now we are pleased to be joined by steve holman on how is being played out in the city. Steve is the playbyplay for the Atlanta Hawks basketball team. The Radio Network that covers the games that we are learning that tonights basketball game is being postponed because of the weather. Great to have you. Doesnt happen very often that they have to postpone a game. Lori the imposing team could not get the flight into atlanta. It was partly that. They couldnt get in last night but a lot of it is the nba and the hawks concerned about seasonticket members. And how many people get their tonight. And not sure our players who live in different places all over atlanta can get to the game either. Lori we are looking at pictures of a traffic jam and kids in school and folks in target stores and grocery stores, two inches of snow and ice, and commute to work and school what is the problem . What went wrong over night . A lot was the preparation part of it. That happened to schools i canceled, and Metro Atlanta area, and in the city of atlanta debt, they were not expecting the snow the way it came and the ice and they had school, and almost 5 Million People on the streets all at once. Adam curious, you have ties to the business community, the nations largest busiest airport, delta, al flack, ubs in the atlanta area. I. T. Able to operate today, thousands of those employees are stuck at home . Most the skeleton crews, home depot based here. And to sleep or eat there and take shelter. So many cars have been abandoned over the last 24, 48 hours. Lori thanks for sharing your own experience, good luck and be safe. It is crazy. Thanks. Adam people in atlanta at not only deal with these things but theres a great deal of business in atlanta. Taking the biggest hit Georgia National guard helping people, w a g a atlanta reporter buck cranford is covering the chaos. Any chance when you will get out of this . Good question. The temperatures now, the high today is expected to be 33 degrees so really just one degree above freezing. We have some sunshine today which is helping some of this stuff to melt but really the temperatures drop again once again overnight and a lot will refreeze so despite the fact that the National Guard is out there now they are getting the kids that were stranded at School Getting these kids home, bringing food and water and gas to people in some of these cars that have run out of gas because they were sitting in gridlock for so long but despite all that i am sure the story will continue to be told tomorrow as everything freezes once again. Adam we have seen the pictures of incredible traffic jams, georgia 400 is the normal state of affairs but all kidding aside when ms. Refreeze is our drivers, 5 Million People in the Atlanta Metro area are they prepared . Bridges freeze, you get ice and cant drive on ice and you get this all over again. Only somewhat prepared. The city of atlanta is somewhat prepared. It doesnt happen that often. Our last big snowstorm was in 2011. We are not equipped in a city with the right amount of trucks and stand and salt trucks that you need and the fact the this one happened in the middle of the day when everyone was at school and at work and everyone tried to depart at the same time that cause gridlock which meant trucks we do have couldnt get on the road to spread the salt and sand and improve conditions at least on the bridges. The good news is if they can get some of these cars out of here maybe tonight they will have the opportunity to get the salt and sand trucks to try to do their job to improve things. The good news, atlanta is freezing today and will be freezing tomorrow, mid 60s by the weekend. Ten debt to saturday everything will be fined. Adam we will call you hot atlanta saturday. Lori back to the markets, big story because were back into selloff mode, a risk of profiles back in action. Nicole petallides on the floor of the Stock Exchange covering the action. A few winners out there. Nicole a lot of red and new lows, worried what will happen with the fed and the emerging markets. The winner is dow chemical hands down. 4. 5 to the upside up 1. 93, dow chemical came out with a great quarter. Also unveiled a 15 dividend hike. Everybody loves fat. How about the stock repurchase plan moving up to 4. 5 billion. That made a nice recipe for dow chemical and continue to follow the story that spins off the cat petrochemical business so that could be over 3 billion according to analysts. A story that isnt over yet. Lori thanks, see you soon. We want to remind you in 40 minutes we will hear from the Federal Reserve. The latest decision, expectation of another taper which the market is banking on. Fox business will bring the decision live. Adam giving people what they really want. We are live in times square as broadway turns into super bowl boulevard ahead of sundays big game. I ys say be thman with the plan but with less ergy, moodiness, i had to do something. I saw mdoctor. A blood test showed it was low testosterone, not age. We talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. Axiron is not for use inomen or anyone younger than 18 or men with prostate or breast cancer. Women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. Report these symptoms to your doctor. Tell your doctorbout a medical condions and medications. Serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. Common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. Ask your doctor about axiron. 22 minutes past the hour, this is your fox news minute. Defense secretary check Cable Holding a meeting with top nuclear official after dozens more officers were implicated in an investigation on cheating on Missile Launch proficiency tests. The number has nearly doubled from the original 34 officers. German chancellor Angela Merkel has said countries that spy on their allies risk undermining trusts leading to less security. The u. S. National security agencys surveillance activities have rattled germany since they were revealed by former nsa analyst ed snowden last year. Oracle also says she will renegotiate with washington over a nose by agreement. A miraculous story from here at home, a 16yearold girl surviving after falling more than 3,000 feet to the ground i family of mackenzie weatherington setter primary parrot didnt open and miraculously doctors say she has multiple injuries but is in good condition, just incredible. Those are your latest News Headlines on the Fox Business Network. Back to lori and adam. Adam an incredible story. The nfls annual super bowl fantast kicks off today as superbowl boulevard opens in times square, fans can meet players, play games, even ride and h lane, 60 foot tall toboggan. Rick leventhal is live from super bowl boulevard to explain why new yorkers will break a Cardinal Rule and go to times square. The New York Post put it best, the great white way has seen this much action since joe namath was quarterback of the new york jets the times square has been transformed into super bowl boulevard all right away from 47th street to 34th street, to take part in including goalpost, you can see behind me where you can kick extra points and as you mentioned, a really cool toboggan ride, eight lane, 60 feet tall, 180 feet long, and you need to go online to buy your tickets but it goes to charity and is a pretty cool ride. We tried it out last hour. Take a look. An outdoor football festival on the most famous city in the most famous block in the world and takin