positions elsewhere, we're not sure. these are three winners on the session so far. you can see trip adviser, up 4%, tyler. >> simon, always agreed to have with you. that will do it for this edition. >> "street signs" begins right now. it's like mardi gras. the dow about ready to turn positive after being well negative most of the morning. this could be the 13th of the past 15 tuesdays that the dow is higher. what a turn. hello, everybody. still nerves are high. plus whether anybody is going to actually buy google glass. they're on sale today, and we are auditing the irs. find out if there's any political agenda at work. it's all about the markets, it's "phat" with a p.h. today.

>> this is where the pain has been felt over the past session, over the past week or two. the nasdaq 100. we're sigh the big cap tech stocks take it on the chin, but key reversals, most notingly in the that tracks biotech. we are seeing pain at the bottom left. netflix some of the big losers. let's start off with sheila. >> any lisa, what a comeback we are seeing. in fact we've had our losses about the day and the nasdaq 100 and composite now down less than 1%. you can thank microsoft and gilead for that. we are seeing weakness in priceline, tesla and netflix. the biotechs again, about having their losses on the day, did you still down more than 1%.

quickly i want to mention apple. it's having the most negative impact on the nasdaq right now. we are down about 9% for the year on apple, so still having a big influence form speaking of large cap, it will be all about tech earnings, intel, yahoo, google, ibm, that's what everyone is watching to see if we can hold the bounce back. >> certainly a turnaround, but interesting moves in terms of watching the bond market, this is weirdly wimpy action. i just want to show you what's going on on the dow. you start the day, up 100 points in the dow, then you suddenly you're down 200 points, then we really 100 points. the end result is nothing but where we starts. it's more than just deek with overvalued internet or biotech stocks. let me put the list of what the market is dealing with. a very choppy u.s. economic data, retail sales good one day,

next day manufacturing this week, hard to figure out a trend. china growth concerns, we'll get gdp tonight, overvalued sectors we're dealing with as well, and remember the effect of tax selling. finally melissa, i would point out, remember, a lot of people on vacation this week, less participation. i'm concerned about the airlines. this is not overvalued. this dplup is doing very well on a fundamental basis, but look from their highs, american down 13, delta down 12, united down 11. this was a group that was a market leadership group throughout the year that isn't overvalued that is showing signs of weakness. this is the kind of stuff i start to worry about. >> you know what people aren't worried about now, bob? coca-cola. coke is it. shares up 3.8%. that is alone coca-cola nearly

pulling the dow into the green. >> johnson & johnson holding up well well. yes, the consumers names are doing well. i would like to see more positive commentary, but not today. >> agreed. top line commentary, too. bob pisani, great stuff. thank you. obviously a lot of volatility out there, folks. what should you be doing with your money. linda, here's the setup, right if you've been in the market a couple years, you probably made money, right? so you made money, now you have russia and the ukraine, china is slowing down, bombings in nigeria yesterday, the point is who could blame somebody for selling a bit into this market? not me. >> well, yeah, i agree with you, particularly for those companies that look very, very expensive. the stocks look very, very expensive. the list that you gave, will

continue to get worse probably over time. these are the times in which we live. we need to keep our eyes focused on the prize we think, this year, the united states no recession, that's good for stocks. we can find the cheaper, bigger names. >> but linda, you're recommending some of the more defensive sectors like the utilities and in sector. why should we go into the more defensive names if you are more bullish of the stock market? >> yes not necessarily mentioning the utilities, we are thinking that groups that were well sold last year with taper talk that are not so much defensive as defend-oriented with the fear, telecom stocks were particularly inexpensive. energy stocks loose inexpensive. well always try to buy things that are on sale. if we believe very strongly there's no recession in sight, why should i pay big time for growth? why not get stocks that are inexpensive? >> david, here's a a genius

question, where are you advising your clients to put their money right now? >> the stock market. in one word. >> that's a big market. >> it is a big market p i think this is absolutely a market that's still going to reward the astute investors, companies who are dedicated to superior, good free cash flow growth. manage teams that pay attention to their cash flow. >> david, i love you man, i'm going to stop you there. every ceo i've had on the show will say that, we're doing all those things, but they're not. >> you've got to talk the talk, and you have to really be -- that you can demonstrate that you add shareholder value by paying attention to cash flow historically that sets a superior method. tribune is an example, i think. universal health systems on the

health care side, consolidatation in the hospital arena. and with respect to our other guests, i frankly find telecom, parts of energy, even utilities, as not the long-term shareholders value creators -- >> david, your stock picks, they're all great things to look for in a company in terms of determining where to invest, but your ticks in particular are down year to date. >> worse than the market. >> so you would tell our viewers to continue to put money to work in names that have underperformed, and not done well this year? >> absolutely, because of -- because i get more focused on what's going to happen over the next two, they're year, this year, best way to describe it, it's a grind, particularly on april 15th, but nevertheless stocks are flatting, slightly negative, i'm looking at the

high-yield bond market, it's a good precursor that it can head higher. after a great year, stocks will meaningfully outperform traditional fixed income. the names i gave you are all management teams that pay heed to good free cash flow, and i they they'll be alpha providers are or stocks that beat the market. >> linda, what should we be selling if we're looking for buy something else? >> you should sell what is very expensive. i think most of your viewers are like me, an aging baby boomer looking for income and stability. we don't think you'll get that with the government bond like you used to. we are underweight on bonds that are interest rate sensitive. interest rates will be going up, but use the different companies that are doing well this year to date, as your bond surrogate. >> linda and david, good discussion, thank you for coming

on "street signs". we are closely developing a story. ukrainian forces are reportedly launching an operation. let's bring in michelle caruso-cabrera. >> the extort of this military action 4r5eding investors to seek safety. take a look at the intraday chart on the yield of the u.s. ten-year. when the eye cranian government announced action against the militias that had taken over various buildings. we have seen the yield climb up a bit. ukrainian fighter jets could be seen overhead, reports from both the associated press and reuters. heavy gunfire has been heard. russian president putin condemned the access in a statement via a russian news agency, saying he expense the u.n. to condemn what the ukrainian government is doing in

the eastern part of the country. white house spokesperson jay carney spent more than an hour taking questions from reporters. he made it clear that the u.s. would not by providing lethal assistance and the white house prefers to use other tools. >> we are prepared because of the authorities that we have in the executive orders the president signed to escalate sanctions and other costs if and when russia escalates its actions. the skeptics would say what we are seeing on the ground is an escalation by russia, but the russians have not admitted that at any point so far. remember we have a big set of talks in geneva tomorrow that perhaps they come up with diplomatic solution, she said skeptically. >> yeah, who's got the power here, really, michelle? >> i think it's all russia's attempt to slow down -- you know, keep everybody talking so they can continue to do whatever they would really like to do in

eastern ukraine. >> i'm glad you mentioned the bond market, the levels we have not seen since last john, so we're seeing this reach for quote/unquote safety. with a bid to the swiss franc. so it's interesting to watch. >> and i'm going to be on the record here, too. i'm going to go completely audible. nigeria. no one is paying attention to nigeria right now, but bombings in nigeria, the rebels are getting rowdy against. this is the world ales best quality oil. i think nigeria is a place to watch and not enough are talking about it. >> and highlight all that we're talking about in africa and the rise of the levels of terrorism we have seen in that region. >> thank you, michelle caruso-cabrera. we should note that the dow was positive briefly, but then you ruined it. >> i didn't ruin everything. >> melissa, you are a ruiner. >> you are a very accusatory --

>> watch you try to pinch me like you did yesterday. us airways perhaps the worst corporate tweet ever. >> epic fail. >> we can't even show it. most off their 52-week high. actually a russian company. 46% off its 52-week high. vertex, your favorite company. catamaran, and netflix, which as you might know is a loyal "street signs" viewers. we do mythsry charts most days. which nasdaq 100 member is the least off its 52-week high. neck and neck with another company, leading as of about ten minutes ago. in other words, it's done the best relatively. i know you know. >> the answer's ahead. >> stick around.

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welcome back. so far 7% of the s&p 500 firms have, 17% have met estimates, 31% have come in below forecasts. we have to kick it off with intel. we're expecting results after -- this is one of these old tech names that have done quite well in this market, turmoil, whatever you want to call it.

>> relatively speaking it's done well. >> they've changed the way they're reporting their earnings, so a much more deep read into how many chips are being put into tablets and smartphones. all these growth categories, this is what intel needs to do to show investors 1/3 moving meaningfully. this is the first glimpse we have. so this is sort the the holy grail in terms of growth in this kind of market, plus the kicker. >> the more you can see quarter to quarter sequentially what the product shift is, if they report the same thing every single time and you can see tablets or smartphones getting more market sharp. >> investors always want more information in general, but the market always loves a positive surprise. if we see the picture is better than expected. >> intel has been holding up even in the past week or so

despite its huge gains over the past month, so investors will need to see at least a beat if not a meet in order for these gains. >> in order not to go meh. >> my favorite term, by the way, m-e-h. meantime, dom, you've been looking at csx. that's reporting after the bell. >> this is the first of the major railroads to announce. you'll get kansas city southern, union pacific in the coming days, but 37 cents a share is what you're looking for, now, the real issue will be shocking, weather, and whether or not weather had a real impact on csx. there's one thing that csx ships more of -- coal. csx is all about coal. >> we did our homework. >> last time those shipments fell off, and the stock fell off the last earnings report, so

this time around it will be about whether or not they can show any kind of growth. >> here's a longer-term question, though, with all the develop of the bakken shale and -- aren't they well positioned for the longer term? >> coal 'a big part, but if they start to switch their shipment, or whether or not there's a pipeline that actually gets built that links certain parts to southern refineries. >> and of course financials have been in focus, citi doing well today despite the softness in the market, in terms of citi and jpmorgan as well, they've had consistently among them, two issues of weakness, one is fixed income, the other is mortgage. but we've seen declines, sometimes substantial year over year at some of the bank that is have reported already.

b of a have been a low expectations because of legal charges taken this quarter, but i'm curious to hear what color they give us on those areas. this is a bank that at one point touched one out of two households in america, i think it's lower these days, but still an important leader. it will be curious to see if the pain is widespread or idiosyncratic. we'll be back tomorrow with your earnings preview. brian, back over to you. by the way, guys, did i tell you i have diagnosed the dance for the music for your earnings squad in it would be called henceforth the hashing to and something to do like this. i still have to tweak it. >> was that an epithet through -- >> is that an italian way? >> no, that's this. >> wow, censors. >> what? this is cable. this is cable. >> just read the tease, brian. up next, the worst corporate

tweet ever. why twitter investors should be worried. if you're a millionaire, congratulation, but the odds are you will be audited by uncle same. the odds go up. and we'll tell you how high. the dow is actually now up one point. it doesn't seem like much, folks, but we were down all day. hey, the start of "street signs" it went up. we'll take credit. we're back after this. with morr than any of its german competitors. this is a wake-up call. ♪ this is a wake-up call. ameriprise asked people a simple question:

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we have we showed you those. in other words, the relative worst performers. vimpelcom, vertec, catamaran and netflix. the mystery chart, in other words, the relative -- >> closest to its high, right? >> that would be the better way to say it, yes. would you like to reveal said mystery chart, melissa? >> it is -- drumroll -- intel, though it is a tight race with qualcomm, so will be watching

that into the close. >> why don't you tell the viewers you forced me to double check it. >> i did. >> to ensure it is correct, but it is intel, called quorum, called coach. >> you're not going to grab anything from me, brian. let's talk google here. 2%, the company is holding a one-day sale for google glass like this. let's get to josh limit ton with more on this, josh? >> melissa, we're actually coordinated today. >> twinsies. >> and you coordinated with your clothes. how did you do that? gray and white. >> totally in sync. >> it's the most talked about device, right? we're talking about google glass. typically, if you want these, you have to be invited to buy the device, but for today, today only, google glass is on sale to the public for $1500, google

glass has its critics. they complaint about the design as well as different privacy concerns. fans, though, they say the eyewear gives them a hands-free way to connect with the world and even has the potential to become the all-in-one device. >> the day when i stop using my phone at all, is when it becomes the ultimate device. it's not much more to get there, a few more app.s, better more hardware maybe in terms of battery life, but it's close. once it gets to that level, you bakley don't have your phone anymore. >> up to now you had to be an explorer, users were referred by friends. explorers can pay through google wallet, the online payment service and show up at a campus where they're wined and dined for an hour, free food and beer and they're taught how to use google glass. google says there are now more than 10,000 explorers out there. what does the device mean for

google's bottom line? financial analysts say not much. instead the real benefit reminding investors and consumers they are creative, a tech giant capable of being innovative and forward-thinking. what if you ordered google glass today and are disappointed? no worries, you still have 30 days to return it, sully. >> josh lipton, thank you very much. melissa, where did you get these, by the way? >> we're not going to tell you. >> where's mine? >> look, brian, i care so much i will share. i'll share. >> all right. >> who wore them better? that's my question. >> all right. in fact we have a google-related market flash. dominic chu, i'm going to send it to you or somebody over there. >> i'm still trying to get over you wearing the google glass. check out shares of twitter at session highs right now. now, the company's naming daniel graf to lead its product group.

he's the former director of google maps. a lot of these social are very much in focus. back over to you. >> thank you very much. i didn't know if you could cruise around. >> that's really not cool. so not cool. >> yesterday, folks, we told you that 44% of all twitter accounts have never sent a tweet, but here's another completely, and i mean completely different reason why twitter is experiencing growing pains. it's an extremely blurred out photo of a highly pornographic image sent from the official us airways twitter account. let's say it involves a naked woman and toy plane. >> plane porn. >> a lot more than that. the airline is saying it's investigating, but this is more than just u.s. air becoming a punch line. it raises more concern if

companies cannot control their corporate image on social media, which by the way, if you know from our perspective, that's what they try to do, they may pull back. herb, we're not piling on twitter. kenneth cole with the egypt thing, mcdonald's jpmorgan. there's a long list of companies that have blown it on twitter. if twitter doesn't get the corporate image corporate customer to it, will it prosper? >> this is making a mountain out of a molehill, brian. i think that is the nature of social media, they come and go, it's done in a flashes el we talk about it, probably brings more eyeballs to twitter. i don't think it's going to one way or another affect the way corporations use twitter. >> you really don't? look at what happened. >> i really don't. >> think about it this way, herb, to get a message out you used to have to put on the a

press release or leak information through a trusted member of the local media. now every person that accesses user twitter account if you're a company, can effectively control your corporate image. you have maybe 10,000 people that have a way to get the corporate message out. that, i'm sorry, is dangerous. >> this is the modern-day version of the town square. we're just talking about iterations in the modern age of how word of mouth traveled before, right? >> town square doesn't have a $30 million valuation. >> i would say the benefits outweigh the risk here. i just don't see you're going to see people say "no mas" because of this type of thing. styles it has a way of turning around. especially when people are looking for airplanes and porn. >> or the confluence of the two. >> i wondered how would he found it. he tweeted me last night --

>> who is? >> i'm kidding. >> i thought you were down on social media, that you didn't think it worked for companies. >> no, i'm not down on it at all. i think we'll watch twitter which i yellow flag in my real yet chick newsletter have potential an interesting quarter, as people start looking beyond in mondayly average user number, which i think is the benchmark of what's been a bunch of concern. i think about 44% of the people, you know, not looking at it, not tweeting, bill girly had a post on, a vent further capitalist, i've written on this. the opportunity i think going forward for twitter will ultimately be, and i keep saying it, for them to convince people you never had to tweet, it brings more people in, the biggers issue is what people effectively seen when they see the ads when i have a whole different take. >> we should know. this is -- i mean, this is quite

a run we are seeing at session highs. >> the deal with gnip or however you pronounce them, which can go through the firehose of tweets to analyze it, that deal was announced earlier. this is a rise we've seen in just the past hour. this is worth watching consider twitter has been down 35% or so. >> i think it was down 22 of 24 sessions. >> that's totally believable. all right. still ahead, if you own shares of ibm, listen up, one big firm saying it might be time to sell. why the tax man is targeting the ultra-wealthy.

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take take a look at gold. 1302.7 an ounce, this is the worst day to gold in two months or so. so interesting. a lot of talk about tax selling in gold, by the way. >> when you talk about ringing the registers on gains this year, this is one area. >> by the way -- i just sounded like herb. by the way, if dan greenhouse of btig is watching, he's a smart

guy. a couple months ago i mentioned on the air, because both my parents are accountants, you'll see a lot of selling in stocks, and he said, no, but dan greenhouse, if you're out there, see you on the show tomorrow. >> you don't have proof that it's -- >> no, i'm just saying there's more discussion. it's not an idiotic. >> no, it's not idiotic. >> that was his word, by the way. the final rundown of analyst news, so estay lauder. goldman says lauder has a strong market position, but the company is trading at trough levels. the target 83 bucks about a 20% increase, careful, though, 27 times trailing earnings, a little rich. >> southwest air upgraded from a buy to a hold. >> from the least down they like

price trends ancillary revenues and southwest is launching international flights as well. to be is at 22.79. >> big call here on big blue, ibm getting a downgrade. >> this sounds like the kind of call you might be discussing on "fast money" at 5:00 p.m. eastern time. like how i did that? >> nice. >> revised price target of 200. basically they say three buck up side. it's done well, in fact it's done well and really a valuation call. >> also interesting call we're watching on nexstar this from webbush securities. >> however, they did decrease their target from 47 to 58, but that's still about -- the nexstar price, free cash flow up

side, they love us. we love us from free cash flow here, so nexstar getting a pop from wedbush today. sdpr we know sexy, a 3.5 period of time different? that my friend is sexy, we're market in other words, but seema mody is not. >> last year growth stocks let the market to new ties. it's a different story this year, more dividend paying value-oriented stocks case in point the s&p utility index, and as you pointed out, the best performing index this year, up 11%. we're also seeing large caps outperform small caps, the broader s&p 500 is down this year, but it's not down as much as the russell 2000, which is about 5% in 2014. analysts say that's because larger diversify it had names are seen as more attractive

during times of market volatility. even in certain sectors, the s&p tech sect are is outperforming the broader -- pointing out that it's comprised of mega cap, high quality stocks, whereas the nasdaq has smaller, pricey high-ground tech names. here's a nerdy fact for you, the average size of any s&p tech stock, 45 billion, while for the nasdaq, $5 billion. melissa and brian? >> seema, thanks for that. so boring is the new sexy. which name should been be in? guys, great to have you with us, jill, let's start off with you, brian and i were just talking about this call on ibm on valuation, how it's run up. it sort of lives in this great intersection of safety and big caps, plus a different yield kicker. where should you put your money right snow? >> i would never consider

dividend strategies boring. where fundamentals are so important to identify the best companies that can maneuver through these markets, different-paying strategy and that commitment to shareholders is really important. >> and so give us some names. occidental? >> occidental petroleum, they've been around almost 100 years, very large, well-run company. they're diversified around the world. thief consistently paid a healthy dividend. they're currently paying about 3%, and they have grown that different over time. they've grown it over the last 12 years. >> and josh brown, by the way, a frequent guest, second reference, does like the stock, too. here's my problem with it. it was always occi's ceo. do you feel the company is a misuser of capital in any way?

>> when you look at their commitment and how that's come back to shareholders. >> there's no question -- they're moving through that, and they're getting good things on track, making some changes, and again some of that is coming back to shareholders, both through their dividend increase as well as their share buyback, so that's very positive for shareholders. robert, i want to focus on your high flyer. this one has taken some beating, so when we're talking about amazon, how long have you been in amazon, have you added with this market pullback? >> yeah, melissa, we actually just initiated a position in amazon last week we have not owned is the stock up until this then. every time the stock is build back technically, it's been a buying opportunity since 2009.

jeff bezos we think is one of the best ceos, they just increased amazon prime by 25%, which we they will be accretive soon. if you're looking for in addition wait a position, you may watch to buy half now, half after they report earnings, but we think this is a good opportunity. the stock just closed the gap from october last year, these type of growth is a very good look at technicals and neurohigh flyer some probably thought may not be around. garmin, why do you like it? >> garmin, everybody knows it as the little thing you put on the dash of the car, the personal navigation devices, which have come under pressure because everybody has a gps on their phone these days, but garmin has done a fantastic job of diversifying. they're in marine, they're in aviation, you asked for a high flyer, so i figured their

products in aviation are doing well. and also of personal fitness, so their diversification and their ability to capture all these different market segments has been very positive. in addition, they also are very shareholder friendly. they pay a positive different of about 3%, and they've grown over time. >> garmin is an interesting name, because it is up actually this year, which is surprising. >> thought it was a buggy whip. >> but isn't it one smart device away from almost being distinct. if it's fitness area and we have all these wearables designed to do almost the same thing, but also sync up to your computer, is that a concern? >> it's not. fitness is only one area. as i mentioned, marine, aviation. they're very well diversified, and they're customizing these products to people like myself, who ride a motorcycle that have a device that are glove

friendly. those kinds of things are very important to have as a diversifier. the revenue growth they are getting from these segments is very important. it currently makes up about 51% of the company's revenue growth, so if it was just personal devices, i would agree with you, but theirability to diversify and success in these other segments is very important. >> all right, just to reiterate. occidental petroleum. robert steady eddie, chubb, high flyer amazon. thank you very much. do appreciate it. a look at the markets, brian. >> 43 up for the dow now. >> s&p is also higher at this point. the nasdaq is the only one grappling, sort of making a valiant run at the flat line. >> i don't want to bore the heck out of our viewers, the yin -- i don't like talking currencies. >> why? >> i don't know. the yin has been powering

trades. it's just not a yen-based trade. >> yeah. i would say that. i mean, it's virtually flat. >> to quote your buddy dennis gartman, i'm not bullish of the yern. we love you, dennis. twitter close to session highs. this is a very, very interesting -- >> and gold down 25 an ounce. an affluent audit alert, why uncle sam has hi eye on the super rich. >> setting up to be an interesting final hour. they must love you, bill? >> as you can imagine, sully, stocks can give back some of the gains, but now we're coming into back. where do we fin? we'll get you through the final hour and look ahead to earnings. tonight yahoo, intel and csx, will they be able to turn things around? tomorrow we'll have instant analysis and don't my interviews

with stacy smith and michael ward. then the head of mercedes-benz usa unveils the new super car, brian sullivan. it can go to 0 to 60 in less than 4 seconds. kelly will join me here at the post 9 at the new york stock exchange. we'll see you on "closing bell." it's here everyday, for everyone. that's the power the power, that's the power of today. cleveland clinic. call today, for an appointment today.

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a a somber moment. in fact we want to take you live to boston. one year ago ago the world stood still, bombs rocking. vice president joe biden is with the delegation of survivors and first responders at the finish line. they observed a moment of silence at the instant the bombs exploded. three people killed, 260 others were hurt. let's look in now in boston the one-year anniversary of the boston marathon bombings.

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take a look at this chart. just off session highs. shares of twitter up 9.1%, really gaining steam after we report that had twitter has hired daniel grv as its new chief of products essentially away from google. a major coup. the founders of twitter along with benchmark capital said they had no plans of selling on the expiration on may 5th. a couple of items of good news on the shares of twitter which have seen a beating over the past month or so. >> here at cnbc, you've got

smart viewers, right, so people pointed out that i was wrong- , about the yen. the dollar/yen was moving throughout the past hour and basically the flip in the stock market and dollar/yen was exactly on point. so tim backshal, been on the show, pointed out i was an idiot. point it had out. a yen-based move, rather have it be a grand slam bottom of the ninth move. today is tax day. if you make less than $200,000 a year, a small chance of an audit but more than $1 million a year the audit goes up to 9%. for those making $10 million or more, you know this, you're audited nearly 25% of the time. so is the tax man specifically

targeting the rich, or is there some sort of devious political agenda at hand? let's welcome in former former commissioner of the irs author of "many unhappy return" as well as tax expert daniel mitchell senior fellow at the kato institute. charles, what say you? like willy sutton, go where the money is. >> like any auditing, follow the money. if you were auditing a corporation with a lot of subsidiary and one made a lot of money, you'd audit that one more than the little ones. same thing with the tax returns. >> should we view that then, charles, as politically motivated, montearily motivated, or it just doesn't pay to you had a ate bunch of people who may be wrong on their taxes by 50 bucks? >> well, it pays to audit everybody a little bit so nobody thinks they can get away with not paying their taxes right, but obviously if you're making -- let's put it this way. people making over $1 million a year are only -- 3 out of every

10,000 returns, but they owe 20% of the taxes, so if you were auditing wouldn't that be where you spend more of your time? >> all about return on investment, the irs and all government, you want to spend the money in the time -- the more bang for your buck, so to speak. >> historically we've had much higher audit rates for rich taxpayers so there's nothing objectionable about that, but that doesn't mean the irs doesn't sometimes have a political agenda or sometimes gets corrupted by its political masters. as we saw with the whole tea party targeting scandal, but i don't think that we're seeing some specific devious plot to go after rich people, because after all, when the irs goes after them, they are going up against some very well-trained tax lawyers and tax accountants and these rich people are quite capable of defending themselves. the same thing we've seen for decade after decade, a very complicated tax system and people fight over it. >> are we looking at it the wrong way?

let's flip it. say they are getting audited because they are rich. >> maybe they are getting aud audited because they are complicated. a lot of rich people have complicated returns, capital gains and 27 businesses over here. maybe that's it. maybe it's not the money but maybe the complication. dan? >> i certainly agree with that. i mean, you compare our internal revenue code with the 75,000 pages of law and regulation. you compare that to what they have had in hang congress, a simple flat tax for more than 60 years, where everyone who pays taxes can do it themselves with no complications whatsoever. it's a territorial system, very little double taxation of saving and investing. >> sure. >> that's what we should do just with growth. >> got to leave it there. thanks so much for your time, dan and charles. >> all right. >> thank you for watching "street signs." >> and got to do this. >> boston strong. >> boston strong, america is with you, boston. "closing bell" starts right now. mine was earned in korea in 1953.

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