Corporations, from the higher rates and the improving economy with more jobs. More people paying into the treasury. And the governments expenses were down 3 for the period as it continues, among other things, to operate under the sequester spending cuts. Melissa, back to you. Melissa peter, thanks so much. Lets take a look how the markets are reacting to all this news as we said. Were having a pretty mellow day in the markets versus what weve seen past four days. The big surge. The dow is read down by proctor gamble. Down 20 points. S p 500, basically break even, a little bit in positive territory. Nasdaq up 1 3 of 1 . Go to jo ling kent who is standing by with some of the biggest movers. What are you watching . Were watching tech stocks, three of them actually. Fireeye, feye. Look at that, Cloud Computing security vendor. Theyre down 11. 3 . Essentially they beat in the quarter for expectations but pout put out a poor quarter for quarter one. Shutterfly, the photo sharing service around helps you print mugs and calendars. They are up 3. 5 . They announced a increase of Share Buyback program up to 100 million. Good news for shareholders. Look at nokia. Theyre down allost 3 right now. Theyre having a major setback in india in a tax battle. Essentially theyre being held up on a decision that has not been made in their favor. 30,000 employees and factory, Manufacturing Center there is in question. It may be in jeopardy of closing. Theyre appealing that to a higher court. But nokia shares dropping on the news out of india. Melissa . Melissa jo, thanks so much. Thanks. Melissa the smart card revolution is finally coming to the u. S. , buu will it be enough to stop rampant hacking that plagued consumers for the past several months . Mastercard is one of the Companies Leading charge toward chip panned pin technology. Their smart card expert joins me now. A lot of criticism on this out of the gate, that it protects people in person but not online. How do you respond to that . What do you think . Sure. So first thanks for having me. Chip and pin has been proven to dramatically reduce counterfeit fraud around the world and ai said significantly reduce it. It does primarily protect the consumer facetoface but there are other processes that can be employed to present fraud as well. The Card Companies and companies and banks and merchants are working together to make that reality screw talk about how it is proven around the world and we heard a lot about that and it has been in europe a long time and made Great Strides there. Why are we so late to the game and is europe doing Something Else we should jump ahead to that technology and instead of lagging . There is no leapfrogging. The reason u. S. Didnt my great earlier and other markets had higher fraud rates and strategies here were under control and it is now time for chip in the u. S. And it primarily fraud rates were in other markets they went before juice is there something we should be looking at . What is the future . What is a after chip and pin . There is no Silver Bullet of fraud and there will be myriad of technologies used together. There is no Silver Bullet theyre working on that were not. Melissa is it hard to do without a nationwide standard . Looks like credit Card Companies and some banks are trying to do it individually to move ahead. Dodo you need a national standad to say everyone must do this . There is a coordination thats happening and for instance, mastercard is leading that. What woe do we introduce liability shifts. Which incent the banks and the merchants to enable approximately at the same time. The way that works is, at a point in time, whomever is not enabled with chip will bear the liability of any resulting fraud that time for the u. S. Is october 2015. Melissa what about vendors that dont have it . I think about all the Little Convenience stores and this and that and coffee stands . If you go in and have chip and pin, they dont individual you will still have magnetic strip on back, right . Thats right. Melissa seems like danger is still in place. You still have magnetic strip and still open to fraud . The magnet trick stripe will exist for a while. That is really you indicate for utility. So the consumer has the ability to use their card anywhere that theyre at. There are other fraud systems running just as you see today. You probably received a call from your bank saying that they received something out of those fraud systems will run. At some point we see extinction of the mack nettic stripe. Melissa some say there should be confirmation every time and daily, transaction. To check in with consumers so youve been hacked. Is Something Like that realistic. We dont think so. There has to be fit for Purpose Solutions in the market. While we want to employ the highest type of security and we will, we also want consumers to be able to transact seamlessly. Melissa yeah. So use cases will vary across the market. We dont want to interrupt transactions every time to confirm security. Certainly when youre buying a cup of coffee or a newspaper. Melissa yeah. Caroline, thanks so much for coming on. Sure. Melissa appreciate it. Lets get reaction from selfproclaimed hacker and director of services at io active. What did you think of what you just heard . Well, melissa, mastercard and credit Card Companies are on the right way. I do have to disagree a little bit with the forwardlooking statement and leapfrogging. The rest of the world basically dod. C and p years ago. It shows in terms of what hackers are targeting. It is very easy to target retailers and brickandmortar shops. Melissa ian, is there something europe is working on we should be jumping ahead to . There are several techniques and technologies in place. You mentioned before verification. It doesnt really have to interrupt the transaction per se melissa how would it work . For example when i swipe my card at starbucks i want to get notification that you spent 2. 50. It doesnt have to actually interfere with the transaction. On the same note, if i make a Purchase Online and buy 500 xbox on ebay i want to have that interruption. If it is my transaction i can control it. If someone else is doing i want to stop it. Melissa seems like that would be pretty easy if you got a text or email every time your credit card was used. Im surprised were not doing that already . It should be. Again, depending on acquirer, depending on bank you can get many so of those features. You can look, for example, at Google Wallet who has a physical credit card debit card of their product. You get a verification, notification every time you use it. Melissa in the meantime it does seem like were getting chip and pin. Does it slow down transactions . I mean im thinking about, when i get breakfast or coffee in the morning i swipe so quickly and run. I dont even have to sign any longer. Everybody in front of me has to stop and punch in a pin code, will that slow me down . Not really. Not really. Depends on consumer education. You will get used to punching into your pin code as the barista is making coffee. It shouldnt introduce any delays. Melissa do you think this is even worth doing . You kind of poked holes in security absolutely. Melissa it is . I think it is critical. But on the same note it is also critical to seize this opportunity and not just implement emv as a minimal standard. We have the opportunity to do catchup, with what the rest of the world is doing. We need to look up to europe. There when chip and pin, emv was implemented, fraud basically shifted instantly from card present transactions to card nonpresent transactions. We have to get prepared for that. We have to in my mind what security for credit Card Transactions should look like. Melissa i guess. If were not getting rid of the Magnetic Stripe because it has to be on there for retailers with not the right technology seems like we have still big problems. Absolutely. Melissa thanks for coming on. Up next, icahn on apple. The billionaire investor thinks the stock is undervalued. He is not selling anytime soon. Oh, and he thinks the market is on heroin. Well tell you about that one as well. Plus the robots are coming. Google secretly working on a creepy android army. It is creepy, right . I dont like the look of that thing. It has enlisted the help of scandalridden fox con as well. Big story. Coming right up. [ male aouncer ] we all think about life inrance. But when we start worrying about tomorrow, we miss out on the thin that matter today. At axa, we fer advice and help you break down your insurance goals into small, mageable steps. Because when you plan for tomorrow, it helps you live for today. Can we help you take a small step . For advice, retirement, and fe insurance, connect with axa. Melissa carl icahn, giving fox business a look into the next market moves. Here to react, jason rotman, and kyle harrington. Thanks to both of you guys for joining us. You know, so apple shares fell off a cliff at end of january. Carl icahn had thoughts on value get reaction on other sight. Battle is won and you leave with a tidy profit. Some are saying it will be half a billion when all sad and done . Im not going anywhere. Im not leaving. I havent sold one share, nor do i intend to, apple is one of the cheapest stocks around and i have said that, tim cook and i agree on that, very undervalued. Even 530 bucks it is still cheap to you . Yeah. Melissa we have yeartodate chart. Jason, do you agree with that. S apple cheap . Would you get in here . I agree with uncle carl. Im a big fan of his reasoning. Even from an objective standpoint, hype of carl ion kahn being involved not with standing one of my favorite ratios is the price to earning growth ratio. Anything above one is typically stocks a week. Apple is. 64, price to Earnings Growth ratio. The key with apple, obviously again, it is old news but steve jobs is gone. We need to see more innovation. This is innovation and china mobile partnership, i love, chinas numbers were awesome today. Imports increased. Exports increased. China is not over. Could be beginning and that way we see apple up to new highs. Melissa kyle that is huge i have if they continue to innovate, if we see new products do you believe in that . Everybody has their own individual risk tolerance. Im not here to recommend in general, apple. But i can tell you this. This is a company that, i agree with jason, from a technological innovation perspective since the passing of steve jobs, you know, i think the jury is out here whether or not they can continue along the path of the innovation that they once had. Lets face it. I mean it has been, you know, miraculous what jobs has done and the products are fascinating. I, i think that that is exactly what the institutional and retail marketplace, individual investor, is looking for. Melissa yeah. Okay. Dow rallying almosthundred points yesterday. We had, i mean weve had a fourday rally. Today were sort of holding steady. Uncle carl thinks there are drugs involved in this. Lets listen. What you were saying about the Federal Reserve and stimulus variety, a lot of people said last years heady advances were sort of built on air. Do you buy that . Yes, i do. I think that a lot of the heady advances it is like having a patient, and giving the patient a new kind of medicine and nobody, including, and i think bernanke did a great job by the way. Im not faulting bernanke. I think he saved the country but right now, i think this whole injection of capital is giving somebody sort of like heroin. You dont know what it will do to them. Melissa kyle, i love that. Bernanke did a great job. He got us all addicted to heroin. Now here we are. I think, melissa, that you know, i agree with carl on both points, actually. Melissa really . Are you additioned to heroin . No. Melissa no . No. That im not. Melissa okay. But i can tell you i agree with him in the sense that last years marketplace was a fed of had inflated marketplace. Now, having said that the position that ben bernanke was in with respect to the, economy melissa whatever. That is not going to help us and we have to exit. Everyone says that he did such a fantastic job. We were going to hell in hand basket . Who cares were now addicted to heroin. Jason, give me your last thought. Completely disagree. I feel very adamant about this. I think it is poor taste and bad example from a intellectual capacity. It is not a good example. Heroin debilitates the user of heroin. You dont go to work. You dont hang out with your family. You dont do anything productive. Youre done when on heroin. Melissa market is hanging out with its family, its okay . The market had a day in the park on sunday afternoon. 80 degrees. Market near alltime highs. Melissa alltime highs. No pun intended. Exactly. Melissa exactly. Thanks for coming on. We appreciate your time. Thank you, melissa. Melissa coming up. Stop the spying millions of interusers joining forces against online snooping. Reddit cofounder is here to tell us how he had enough the nsa surveillance and the president signs an order to raise minimum wage for some workers just as new study shows one in three people dipped in and out of poverty in the past few years. Shocking stats straight ahead. Do you ever have too much money or too much heroin i guess . Welcome back. How is everything . Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management cldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Melissa this is break breaking news. President obama is ready to sign a raise in the minimum wage for federal contract workers, 10. 25. On going wage wars and we will dig into that a little later in the show. Crude oil is a big mover today. Inventories rose that should have sent prices lower. That did happen for a short period of time but they bounced back on this import data coming out of china, showing imports into china of crude oil rose by 12 yearoveryear. Maybe the economy is little stronger over there than we thought. That really put a floor under the decline in oil. You can see it as trading above 100 a barrel on the front month. Fighting back against the nsa, republican senator rand paul filing suit against president obama and nsa at same time. Major internet players are taking a stand over the government surveillance program. Here now, reddit cofounder, author of without their permission. Thanks so much for joining us. Really appreciate it. Thanks for having me. Melissa what do you think of this lawsuit from senator rand paul. I think it is an effective stunt. One of the things that will move forward is congressional action, right . I want to see more senators and representatives backing things like usa freedom act which will help rein in nsa massive surveillance. Melissa do you think that is realistic . Do you think it will happen . I think so. I joined count lowes americans calling my senators and congressman speaking out about this because i know, as an entrepeneur and as a private citizen whats happening has been a major blow to Civil Liberties and industry. Melissa i mean it is a damage to your business and to businesses like yours, to have folks outs there feel like they cant trust being online, theyre being snooped on. Is that your main interest . To protect your business . Not that there is anything wrong with that. The show is called money. We celebrate business. I think of it as a private citizen worried about my and my fellow americans Civil Liberties. Think about it as a businessman. Im forced to putnam per of potential costs of Tech Industry at 110 billion because countries no longer trust or believe in the brand that American Companies pay for. Melissa how does that get to 180 billion . Think about it now. Countries all over the world, user all over the world normally doing business with American Companies, with files that they thought were secured online, are now going to consider doing it elsewhere. I dont want the next google started in berlin. I dont want the next twitter started in tokyo. But when youre on line you can choose to interact and engage anywhere in the world with a internet connection. One of the huge advantages this country has had, we lead the world in hightech and one of the advantages we have is the liberty that is we stand for, the principles we stand for. People could believe what was secure really was secure. Melissa facebook, google, yahoo , have all talked about the information that they have turned over. Do you think they bear any of the blame for cooperating . Well, ultimately, you know, having to make that decision, right, when it is coming, when it has to be done in secret, when it has to be done the way it was done, and your option is, severe penalty, i look towards government and i say government, this is not right. This should not be a decision that a ceo should have to make because the first and forth amendment should be protecting our users data. So i applaud their transparency. I always felt sunlight is the best disinfectant. I wish it come sooner. Melissa has anyone at nsa come to you or you reddit for any information. They have not. I am not still on the board of directors of reddit. I havent been there for a few years but that never came up. Melissa thanks for coming on. Thanks for having me. The president taking things into his own hands. New minimum wage hike for some workers, with intent of lifting people out of poverty but some Business Leaders say it could make matters worse. Tweet me. Tell me what you think. Who is making and losing money today. A lot of people blame this guy for getting their Christmas Gifts late last year. He is now taking a serious hit to his wallet. Piles of money coming up. Cheryl this is a live shot of the president on the screen taking things into his own hands, about to sign executive orders to increase minimum wage for government contract workers, 10. 10 an hour. Some shocking stats at the same time this is coming out from the Census Bureau reporting saying that one in three americans get into poverty at one point in between 20092011. One in three.