An escalation in Iran, the market’s sell off and a Fed President weighs in on their next move.

The killing of an key Iranian military officials has markets on edge. We look at what could happen next in the region, how our allies might respond to our move and if investors should be concerned. Plus, a look at what’s ahead for the Fed this year with Dallas Fed President, Robert Kaplan. And in Rapid Fire: Apple’s come a long way, the street battles it out over L Brands, Manhattan real estate is suffering and brewers are making bets on alcohol-free beer.