we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. >> the highlight role imac imac reel, roll it. >> we might get a deal around here. >> the country is not falling apart, sequestration might have been a void if you will, the president overestimated the effects.

half of the cuts to programs including entitlements. on way back cut off water to the building. charles: this guy was really good, i like them. >> he seems to be a genuine individual. charles: i was the same way. >> i like his thought of locking congress in a room like they did the cardinals and feeding them bread and water. charles: even his tone was more cordial but i have seen from democrats. >> sometimes gridlock is a good thing. like with the market has been doing for gridlock. we will wait and see. charles: thank you very much, we appreciate it. dagen: it is not even spring

yet, bold breaking out the summer suit. it is still winter. the clocks go ahead and charles is wearing leggings. what has the world come to? i am dagen mcdowell. the president's meetings continue on capitol hill. republicans stand on spending cuts has given that party firmer footing. rough seas ahead. a peak time of the year for cruising and carnival is having the problem with one of its ships. the president wraps up a meeting with ceos, many of whom say they want a light touch from the government when it comes to regulations. we have one of those ceos on the bus today. and the federal trade commission takes on social media, an advertisement is just that, it better say so. connell mcshane joins me this hour of "markets now."

♪ connell: there you go, pretty good lineup. dagen: you are muttering under your breath. connell: follow us on twitter. let's go to nicole to start things off. at the new york stock exchange. good morning. nicole: i am enjoying adjusting the chairs and meetings. on the high for the dow jones industrial. the s&p up one third of 1%, much like the nasdaq composite, the dollar going back and forth, commodities also mixed to the point we are seeing gold lower, oil higher. we should note we had seven record consecutive closes, we haven't seen that since 1996 and nine straight up days, this

could be the tenth. let's talk about e-trade financial. dumping its stake in e-trade. the stock is reacting down nearly 6% on the day. back to you. connell: thank you. dagen: president obama meeting with leaders from both sides of the aisle as everybody struggles to get something done on the budget. connell: the deputy editor at the "wall street journal" editorial page who wrote about it on the journal talking about an escape from spending hell. is that what we have been sentenced to? >> that is where we have been for four years, things going according to plan we will spend another two years just talking about and not doing anything about it. dagen: you think the g.o.p. and standing firm with sequester cuts put the party on a little

bit more firm ground? >> this is a big deal, we spent all this time worrying about the sequester apocalypse. it happened, the public reacted positively. people are basically supportive of doing something about federal spending so i think republicans have lamented him behind them now and have to take advantage of that, they have to press the iisue, stick to their guns on spending. connell: what does that look like specifically? can you see them give him something and they come together and you have a long-term grand bargain or something that looks like that? what does it look like? >> you will need real leadership from the government because the budget patty murray propose has 975 early in in tax increases,

977 in tax cuts. paul ryan's budget by contrast has $4.6 trillion in spending cuts, these two are a long way apart. connell: it doesn't seem like something like that would actually happen. >> there is a lot more, so long as the president will publicly commit himself and liberate the democrats in the senate to carry forward on some of the spending cuts, i don't see it happening. dagen: the president and the democrats have firmly stood beside any excuse, the impact government spending has an economic growth, which you have found a load of economists that he says that you can write your deficit, you can right the

deficit. it doesn't involve massive tax increases and you have to cut spending. speak of the democratic idea is if you increase public spending it revived the economy, that is the kantian idea. he is an economist and he is well known in the circle, he and his colleagues spending the last 10 years looking at 17 countries and what they have done with the budget over 30 years, they simply wanted to find out what works and their analysis concludes what works is spending cuts. your economy will revive overtime. it is usually flat or even causes a worse recession. the poster boy, believe it or not, is canada which enacted deep cuts in the 1990s. japan had done this

infrastructure spending for years and has gone nowhere. dagen: we might already be there, unfortunately. the dow hitting another record high for the next day straight logging its longest consecutive winning streak since late 1996. with that in mind, bob beckel had this to say about the spending debate and the spending cuts last night on the "o'reilly factor." >> a simple question, when you woke up this morning what was it about the federal budget deficit that hurt you in any single way? dagen: i was curious, that struck me. also joining, his colleague, wells fargo chief portfolio strategist. i want you to answer that, how does the deficit impact americans on a day-to-day basis?

how do they feel it or not? >> it depends which democrat you are talking to. disagreeing with him in everything he has to say about the deficit. when you talk to business owners, they are particularly troubled by the persistence of large federal budget deficits because they fear texas are going to go up significantly for them, as a result they are less inclined to grow the businesses, open new factories, or hire more permanent residents. i hear this every single day when i am meeting with clients, it is on their minds. i am unsure when they wake up in the morning it is one of the things that makes them feel uneasy about the economy. i know bob probably doesn't feel it that way, and it impacts everybody because if they don't

grow the business they don't feel secure as they otherwise would. dagen: you don't feel it so much if you are an investor, you have an inflation relatively under control, the 10-year yield on the treachery around 2%, is still near historic lows, a stock market that is booming. how does the average american feel it? >> bob needs to read "the broken window." it is not what you see, it is what you don't see. what could things be if the deficit wasn't as high as it was. texas would probably be significantly lower right now. that is one way a lot of people feel it. believe it or not, interest rates, credit conditions in general would be a lot better for corporate america and households as well. the u.s. government able to borrow at incredibly low rates

but if they couldn't run such high deficits corporate america and households would be borrowing at lower rates. it seems to me they are ignoring what is not seen here and how things could be so much better if they didn't have the massive dragcoming from the federal government and the massive deficits. dagen: do you believe it would be better today from four years ago if the government wasn't spending so much money, do you think the private sector would have picked up spending and hiring if the government wasn't spending so much money? >> it would absolutely be lower. spending the money differently than today. a lot of what we have been spending on is transfers. disincentives to work put in place. i was talking to a group of companies that lease forklifts. i asked how many are looking to hire workers, every hand in the

room went up. am i having trouble finding workers? everybody's hand went up. it is a very high required wage to bring people to the workforce. if we didn't have the programs we have in place which are bloating the deficit, we would have much more employment than we do right now. dagen: 7.7% unemployment, the dow hitting record after record it day after day. do you believe that can continue at this point given the fact that we are still staring at a relatively weak economy? >> a lot of people are looking for the next direction, and that assumes for some reason a correction crisis has to be lower. what we have been going through is a correction towards higher prices. the dramatic downturn in which we are just getting back toward global snooper, corporate

profits are also higher than they were then when we went into the downturn so financial conditions are improving and working americans aren't necessarily feeling it but you look at corporate sponsors, those are doing quite well. this market has some legs to it. dagen: good to see you both, maybe we can get mr. bob beckel on next time, that would be a big-time in many ways. thank you, gentlemen. take care. connell: whole foods is branching out expanding into the market of healthy lifestyles. we will talk coming up about how they want to be a part of your next vacation. dagen: regulating twitter. the push for disclosures, is it creating outrage? you have to stay tuned to find out. connell: one ceo off of a fresh white house meeting. we will talk about that. and t keep an eye on the market

now. how about oil, 93, up by $0.30 from yesterday. we will be right back. friday night, buddy.

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dagen: vice, our special series tomorrow. are you excited? i'll have to keep my mouth closed all day long. it'll be refreshing for you. connell: let's go to nicole now.

nicole: i know you don't call in sick ever, but tomorrow we definitely can't have you calling in sick. we need your input. another intraday all-time record high for the dow jones industrial closing as high as 14,523. look at ebay, up 3%, raised i wanted to take a look at apple, also positive comments getting an upgrade. you know what is interesting, a lot of people have wondered about apple and their capabilities going forward, but they wrote in their notes this morning they truly believe about the fact, there is,connell. connell: wanted to show everybody how i scratch my nose during your report.

carnival's dream cruise ship, keeping the port at st. martin earlier. but the things that we like, apparently are just fine now, but carnival saying it would give the affected guests refun refunds, 30% off of future cruises about a month after the futurnightmare liner. dadagen will talk about overall bookings and everything else. whole foods looking to give you a healthier lifestyle announcing plans to open up an upscale health resort in the next three years near the resort in austin. they can stay for a week, a weekend, learn about living a healthier lifestyle and all those things.

shares of whole foods market 88, 48. mcdonald's looking to aid in the healthy lifestyle introducing the egg white delight. yolk free version of the egg mcmuffin. on a whole-grain muffin with canadian bacon, white cheddar cheese. 260 calories. regularly 300. theravailable april 22. dagen: you take the bacon off of that, that is a healthy sandwich. drilling, delicious, for fast food that is a great idea. you are good to go, not grumpy by 10:00 a.m., which we all know about. twitter and disclosure, the government wants to regulate this. if it is an ad, have to say it

is an ad. somehow dennis kneale has a problem with all this. connell: we are happy to give dennis a venue. plus, the cyber threat. we heard it last week, now here it is, issue number one for many ceos. many have met with president on this very issue coming up. first a look at currencies and how they are faring against the dollar today. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong,

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>> hi, everybody, this is your fox news minute. first to baghdad for 21 people are dead and more than 50 are injured after a coordinated attack of explosions. there are multiple car bombs detonated were several foreign embassies are located. gunmen raided a government building exchanging fire until security forces killed those attackers. a suspect in upstate new york fatal shooting spree has been shot dead by police. 64-year-old suspected in yesterday's shooting death of

four people at a car wash and barbershop in new york. held up during an overnight standoff shot a police dog this morning and police returned fire. in washington the senate judiciary committee approving a new assault weapons ban, that bill also bans large capacity ammunition magazines. california democratic senator dianne feinstein sponsoring the gun ban passing along party lines. facing an uphill battle now in the full senate. those are your latest headlines here at fox, now back to dagen and connell. connell: get out the microscope for your tweets. government wants disclosures for short form ads on twitter now. dagen: here to read through the small print, dennis kneale. dennis: i want to take you back your time internet was free and

unfettered and congress protected the internet from government intrusion. now we have government stepping in the next post like crazy, this new massive report from the fcc dictating in detail with 26 pages of detailed examples, 21 pages, 30 footnotes i wish to go about disclosing your ads on twitter. i know we need some sort of protection that could hamper the main business model that drives all the newest media. the fcc doesn't just want to dictate how you disclose it, they wants to compel speech rather than compose it. the government says if your ads disclosure otherwise required can't fit into the space of your ad message, you should not even

advertise at all. commercial truthful speech protected by the first amendment. if they can't advertise you can't advertise on twitter at all, how can they block an advertiser from one of the most important mediums out there and isn't that taking away from first amendment rights? connell: absolutely. i think i am with dennis on this one. dagen: if you are advertising in any other medium, do you have to disclose your advertising? dennis: twitter doesn't have a limitation. twitter has a limit in characters. dagen: ad. you know what, you can actually lose somebody money if you're pumping some investment product. dennis: the fcc thinks it will protect the world. they want to prevent disclosure.

connell: i always see promoted tweets. dennis: it is one thing for competent to decide the standard, but another thing for the government to impose standards. you guys tweet a lot are paid fox business network suit have to disclose any time you have a good show coming up, you have to say it is an ad. 33 million for the 25 lee and pages every month and the fcc thinks they can force bloggers to reveal they got paid by the company. don't be kind of know that? dagen: no, we don't.

do we need the fcc over that? dagen: many times it is very subtle. we don't have kim kardashian trying to pump every diet out there. they don't have to disclose your being paid. if i am pumping some product, i should be required to disclose it. we do not do that. dennis: the government shouldn't be in every single drawer looking at everything we look at. dagen: i see your point about the specificity of the report, there being too specific about the disclose it, but if you're selling a product and getting paid, you should have to disclose it. connell: in the same breath if you don't follow them, we should seek enforcement action against you. i don't think advertisers realize that word in unless where does it lead, what about

letting the internet grow, what about leading social media expand and worry later about wrongdoings? the sec brought very few changes, they went after ann taylor because they give out gifts. there is no harm done to consumers. is it a power grab by the ftc. dagen: if they are not telling me about it, i need to know that. dennis: you should be smart enough to know that, it is a celebrity endorsement. dagen: they are very subtle. connell: next hour "markets now," i encourage everybody to follow me on twitter. dagen: i will get the final word, dennis is wrong. [laughter] connell: good news for you dennis, you get to leave. dagen: it is now in the corner

office, talking about corporate america. one major ceo who just met with the president about the topic yesterday. connell: carnival cruise dealing with another power outage. sometimes we joke around about it, but the serious business angle is people may not want to take cruises. we will have that coming up. "markets now" continues after just a short break.

when some people struggle with their mortgage yments, they become frozen, but the people who take action, are far more likely to get the most positive outcome. call this free government program for the option that's rightor you. dagen: stocks now, right now, nicole at men's warehouse. nicole: i want to show you, forget about the egg white delight, that is the downfall.

men's warehouse, the egg mover. scoring strategic options, turns out a lot of promotions, they did not see the benefit. up 20% right now, the marketing campaign they were doing, they didn't respond to it, so they are exploring strategic options and buy back an additional $155 worth of stocks so we are seeing the stock jumping today. connell: concern about cyber attacks is something we have talked a lot about comics seems to only be getting stronger if you watch what has been happening in washington, d.c., over the last few days. last week dennis kneale spoke with former head of the cia on just how serious this threat is becoming to businesses. watch this. >> i have seen this problem migrate in american industry from the cio, the cto of to the

topic. this is now a serious problem for a ceo and c coo. connell: president obama meeting with a group including this man pushing cyber legislation. chief executive officer, good to talk to you, sir. tell us about that meeting and how it went. >> i think it was a very informative meeting especially sharing of what business was seeing and what business was doing to improve their tiber security and in the administration talking about their plans, what they were thinking about doing and what they were seeing out there. it was a good meeting, i think very encouraging and business investment agreed we had to work together to address some of these issues. connell: there have been some people saying the government has

to be careful here as a dozen other issues that you push too far and we talk to people in government or who used in government and they say business leaders have to realize how serious this threat is and be willing to work with government more than they already have, so where do you see the line between government cooperation and government over involvement being? >> i don't get a sense ceos don't understand howwserious this issue is, there was broad agreement of all the ceos this is a very serious issue and see all ceos are taking involvement in their company. connell: so where is the line how far government should go in terms of regulation and requirements on business? >> i think we are going to have to wait and see. the new executive order, we didn't get much detail on that, there was an agreement that

needed to be some legislation allowing business flexibility to do what they need to do to be successful and not do anything to drive up cost with a very general outline of what we were doing. it was a first discussion around that for me. connell: i want to ask you about one other thing. the history of it as you can see, this is a very important issue. i want to ask about what you're working on today, it has been manufacturing jobs coming back to the united states. so tell me where we are with that. the opposite has been the concern. >> i think there is a big opportunity for the u.s. to increase manufacturing and maybe potentially have a manufacturing renaissance. we have manufactured millions of dollars in the u.s., created thousands of jobs in the last few years, built many new manufacturing plants and

upgraded many plants. this is a great place to manufacture now. transportation costs are expensive, this is still the biggest market in the world so great opportunity to do business here and export. about 40% of what we make here gets exported overseas. connell: we will have you back on to talk about that some more looking at the stock price. thank you, sir. dagen: another power outage on a carnival cruise ship during a peak time for cruises. the money being lost i and the people who should just stay aw away. connell: had nothing to do with it. rolling out a new handheld, which we will talk about. as we continue on "markets now."

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the rally continues after better-than-expected report on the u.s. labor market. the dowson again to attend the session while the s&p is moving closer to an all-time closing high. amazon under pressure following a downgrade from jpmorgan. the online retailer has a rating hit from overweight to neutral and lowered the price target $33 to 300. amazon suggest material deceleration in gross profit in 2013. walt disney delaying the launch of the infiniti gaming initiative two months in effort to capitalize on a more favorable resale season. described as disney's answer to that question sky lender, one of the top-selling games. the new launch date will be august 18. that is the latest from the fox business network giving you the power to prosper. we know all your investments may not with fidelity, but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track

and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. dagen: the competition getting

even hotter for apple with two new phones released this week. is the iphone killer finally here? connell: shibani joshi is all over it. >> if anybody is looking for a new iphone killer, it is not here because it is not just one phone, and a whole host of phones already here and they are multiplying. the first force apple will have to reckon with is the new jorge mario bergoglio by blackberry the new z10 by blackberry. they've already seen 1 million pre-orders from the z10 device from established partners. the big kahuna apple has to deal with is samsung. in the fourth quarter taking over market shares the lead from apple coming in with 53.7 million shipments of devices, that is a dominant

force, the leader in the marketplace, 29% versus apple's 21%. also what the whole phenomenon is all about part of the leadership has this whole tablet concept. a new device will be revealed at radio city music hall this evening, i will be there. it will have a 5-inch screen, the ability to scroll through webpages just using your eyeballs, you don't even have to use your fingers. it is called eye-scrolling. it turns the page automatically for you. see if it materializes later, but some forces to be reckoned with. dagen: i think of the jerk with everybody ending up cross eyed. connell: we look forward to that. talking about cruise ships, let's go back to nicole with

another edition of stocks now. focusing on financials. nicole: i was fixing the wire. looking at the bank stocks in particular, the banking index higher today, that is the lightning bolt of the market, morgan stanley going back, some of the names hitting 52-week highs, same sort of realm right now. the big picture is we should note once again we have hit another all-time high on the dow jones industrial 14,523. making it 10 consecutive trading days. if we were to close today, eight consecutive trading days with all-time high closing, which would be in the same time. for 1999. we have some good economic news today on the heel of the jobless numbers better than expected

which shows the jobless claims are really going in the right direction at least and obviously that is reassuring to americans. they want a whole lot more than a whole lot faster, but at least it is going in the right direction. dagen: carnivals dream cruise ship experience and power issues up until this morning keeping the vessel docked at saint martin, one month after carnival triumph was disabled at sea leaving thousands of passengers stranded for days. that's nightmare and this one, the impact on cruise bookings. stuart, at least carnival has come out really quickly and said it is flying passengers home from saint martin. giving them a refund equivalent to three days at sea and have price off of the next trip. >> i would not call this a

disaster. the ship experience, they were testing one of their backup generators, there was an operational problem which is why they did not leave at 5:00 yesterday, there was going to be delayed because of the timing getting back to port canaveral which would have affected the next sailing, so they did the right thing not taking any chances. the ship was under full power during the duration. a couple of hours last night of disruptions put everything on the ship has been working normally it is important for people to understand. a huge difference between triumph and dream. dagen: are they not asking for extreme scrutiny after handling one month ago the nightmares for the passengers on the ship? >> it was a very unpleasant situation and certainly never should have been repeated with these two incidents are completely separate from one

another and carnival is not asking for it, they did not need this kind of attention. but they are doing everything humanly possible to deal with it to make sure everyone is happy, but the big example here is they are not going to risk any problems with the passengers or their ships, that is why they ended it right here. dagen: overall bookings, how have they been infected since the one ship was stranded at sea? bookings suffered after the coast at concordia root, correct in the gulf. >> it was much more to the europeans, they were not sourcing as much to the european-based cruise season. this year the way the season but can especially in north america are much higher.

the prices in 2013 are higher than they were in 2012 and the cruise sales now versus what they were a month or two ago are exactly the same, but if there were a problem, we are seeing some equivalent prices at $2.99, we know there is a prices. starting prices on the seven-day cruise very strong, europe is doing well, alaska doing incredibly well, chretien does very well and showing consumer confidence in the product. dagen: is it fair to say people will keep going and people close to it will be harder to get them on the ship? speakers may take a little longer to get the first-timers, but there is still a strong amount of first-time outings on cruises. over 121 people in the past decade have gone on a cruise incident free. i have been 197 myself, i would not think twice.

dagen: that is a lot of cruises. good gracious. we should expect that. thank you, we will talk to you soon. coming up on the closing bell today, we will speak with norwegian cruise ceo. family cruise, disney ship. connell: it is not going to happen. back to the markets now. low volatility has some investors questioning what we have seen in the stock market, the trade is coming your way next. dagen: connell on a carnival cruise ship is pay-per-view territory. winners on the nasdaq today. all stations come over to mission a for a final go.

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connell: now to the story of low volatility which is actually creating high an anxiety for investors. dagen: sandra smith is here with today's trade. >> it's interesting that one of the biggest concerns for stock investors is the lack of concern that we're seeing in the stock market measured by the vixx. of course, the tricky definition of the mark f volatility index or the vixx is it measures implied volatility on stock options in the s&p 500. but we just call it the fear

gauge because it does do a pretty decent job at that. on an intraday basis, you just saw that it's down, over the past year it's down, and we're actually sitting at the owest others over the -- levers over the past year. you're looking at the vixx trading at levels not seen since before the financial crisis. in fact, we're at levels not seen since before the stock market fell to those 2009 lows. so as far as a contrarian indicator, stock investors have to ask themselves as you look at the dow versus the vixx moving in opposite directions, are we about to see a turn in the stock market for the worse based on the complacency in the market measured by the vixx? barclays answered that in a very detailed note, michael gavin says this about that. he says with bond yields still near historical lows and below dividend yields on the main equity indexes in the u.s., u.k., eurozone and japan, he goes on to say, basically, the

game has changed. it seems to us bond holders are becoming increasingly edgy about medium-term downside market risks to their bond positions. you have more intervention by central banks, dagen and connell, and that means you can't look at the stock market versus the vixx the same way we did in the past. so don't necessarily get too concerned because we see such complacency in the vixx, it's not necessarily at this point pointing to a turn around. so we'll have more on the dollar at 12:15 and how that's playing a part as well. back to you guys. connell: so so we're not too calm after all. sandra, thank you. dagen: more on this issue with twitter and social media and the ftc regulating advertisements there, and i'm still right and dennis is wrong. connell: dennis kneale is coming up. also dick bove telling the two of them why he thinks banks are showing strength we haven't seen in this sector for years. "markets now" continues in a moment. friday night, buddy.

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♪ cheryl: we are coming up on noon, i'm cheryl casone. dennis: and i'm dennis kneale. we've got a guest who says it's time to take on even more risk. cheryl: all right. dow up 58 points. financial stocks also higher or ahead of new data on the health of the nation's banks. banking analyst dick bove going to be here with the reasons why he thinks banks are stronger now than ever in the past fife years. five years. and the cyber threat, big brother may be watching you. are u.s. spy agencies monitoring your finances? we're all over it with your best coverage on sign or news. dennis: top of the hour, we've got nicole petallides on the floor of the stock exchange. >> reporter: another record here for the dow jones

industrials today, another up day again. we're challenging the streak that we had back in 1996, so right now we've had seven consecutive closes with records, and we had nine consecutive up days. now we're pushing for the eight and the ten, and that would really take out those numbers that we saw in '96. that being said, the dow right now is up 58 points, that's worth almost a half of 1% in, ad the nasdaq and s&p both higher. the s&p getting close to its all-time high as well. i want to take a rook at a name that -- look at a name on the s&p 500 that's the fourth best performer, and we're talking about helmerich and payne. oil and gas drilling, they've had some great results recently because of drilling activities and innovative technological applications and long them they expect earnings and sales growth projections looking good. back to you.

cheryl: nicole, thank you very much. markets looking good once again. we'll see you, of course, in 14 minutes. the banks are waiting on this afternoon's federal reserve stress test results to hear if they're going to be allowed to move forward with their capital plans. the industry's earnings for 2012 up 19% from the prior year, just one of many signs of their health. legendary bank analyst dick bove joins me now. dick, it's good to see you again, especially on a day like today. and i have to say here, i'm curious what your thoughts are on the fact that these banks still have to go to the u.s. government to ask if they can buy back their shares, pay more dividends to their shareholders. what do you make of it? where are we ight mow? >> well, i think it's pathetic, personally. i think that, you know, we should allow private companies in the private sector to make the decisions for their own shareholders whether they can increase their dividends or buy back stock. but the united states government doesn't believe that that should be the case. therefore, we have a law which,

in essence, requires these banks to go back to the federal reserve once a year or to the federal banking authorities once a year to prove that they can stand a one in 100-year event and also to prove the ability that they have the -- they have the ability to return money to shareholders. the banks in the past three and a half years have been showing increases in earnings quarter after quarter on a year-over-year basis. the earnings of the banks this year in the first quarter of 2013 are likely to be the highest that we've ever seen in the american banking industry. and this increase in housing activity, you know, the increase in housing prices, who owns all those foreclosed homes and all that distressed real estate are the banks. and the value of that real estate is growing at a rapid rate indicating that the assets that the banks own are now actually understated in terms of their position on the balance sheet. and yet the government says we're going to tell you whether you can do this, that or the

other thing x. that, i think, is not good. cheryl: you know, dick, last year one of the problem banks ended up being citi group, vikram pandit, of course, no longer running that bank. and the other big stories you and i have talked about on this program, and that is bank of america, that is jpmorgan. what is more important, do you think, as we look ahead to tonight and these results? is it the operational excesses that we've seen at these banks? is it the trading floors which the federal reserve talked about last week, or do you think it's solely based on the dividends we find out about tonight? >> well, i'm going to tell you i don't think it's either. i like to buy stocks, right? in other words, i like to think about stocks in the banking industry the way you would think about apple or general motors or, you know, any company that sells some product. so what i'm interested in is can these banks sell more products which, in their case, is loans. and if they can sell more loans and they can do it at higher margins and they can do it for sustained period, then it's a reason to own the stock. i don't think you buy a stock

because it buys, you know, the management is willing to buy back shares or increase the dividends. that's a liquidation theory. i don't want to buy a liquidation theory. i want to buy companies that are growing, and banks in the united states are growing. and they have been growing for three and one-half years. so the net effect is i think what one should be looking at is not litigation, not all the political noise that is constantly involved in this industry, not at the dividend increases or the stock buybacks. what they should be looking at is, is this company making more money because it's selling more widgets at higher prices? and the answer is, yes, they are doing that. and, therefore, these stocks are attractive. cheryl: all right. 20.14, i know you say that's going to be the quarter to watch and so much more. dick bove, thank you. >> thank you. ♪ dennis: tracking terror, a new reuters report says the obama administration is drawing up

plans to give intelligence agencies access to a massive financial database, a database that contains your financial datas and data for all americans and others who bank inside the u.s. obviously, this is going to raise privacy concerns, carl her berger is vp of security solutions. you're deep into the cybersecurity stuff. i'm sure government means well, but i thought in the past the government had to have kind of of a probable cause suspicion of me, they go to a court, the judge says, yeah, you can look at some stuff, and isn't this new effort saying government can look at anything it wants without that probable cause or judgment order? >> that's true, dennis. that's exactly what we have in front of us. in some ways there's not any new news here because this law's been in place for a while, it's just the announcement that we're going to take action on the law. but if we step back for a second, really what's going on is there's a tremendous amount of cyber attacks, cyber warfare, soft war that's going on. and politicians are eager to

respond to calls to do something about this, right? and this is, i think, a long lineage of trying to make action out of something that maybe is not so actionable. dennis: i think one problem here is that the ability of technology with this new buzz word of big data to ferret through massive, massive amounts of data and find little red spikes of activity that bring extra inspection, that advance has far exceeded goth's ability to rein in government and not let them go too far. >> it raises big, wig questions, there's no doubt. as this gets put into action, things we've -- we've become used to not having privacy in the public scare -- square. we have not become used to, as americans, not having our privacy with us always, right? there's a juxtaposition between privacy and security that the suggestion is that you have to give up privacy for security, but there are some that suggest that that's not the way to look at this. dennis: eric schmidt, the executive chairman at google,

once famously said, well, if you're worried about having the content of your google searches show up in public, may you shouldn't just be searching what you're searching. now, for the people who says, ah, i'm not a criminal, why should i care, what do you tell them? >> there's good reasons to suggest that privacy may be something that -- your data being looked at by the government may be with something you don't want to happen. for the first part may be we don't know where that data goes. we don't know if it's secure, right? so i think it raises good questions about what does the privacy you take from me mean for me overall? dennis: doesn't the government itself likely have hackerrers who cross the line, and while the government starts looking at all this data, some hacker inside government could decide to go after me just because they don't like what i say? >> there are suggestions of these things. clearly, we're one of the last countries in the world that don't use our intelligence agencies to look on our

constituents, on our citizens. so this is nothing new in the world, it's just different for us. dennis: yeah. i understand the ability of big data to find those red spikes. on the other hand, i feel like shouldn't law enforcement kind of be working on their own cases instead of starting these huge fishing expeditions? we appreciate you coming on on such short notice. great job. >> thank you very much. cheryl: president obama joining senate republicans at their weekly luncheon later this hour, just one of many meetings on capitol hill, but are they making progress on a budget deal? rich edson is live on capitol hill with details. >> reporter: we'll see when the president releases his budget, that's examed to -- expected to happen on april 8th or that week. president obama's been here the past two days, coming again to meet with senate republicans at 12:45, so the latter part of this hour, and then house democrats this afternoon at 2:15. lots of budget proposals going on on capitol hill. senate, the senate budget committee and the chairman,

patty murray, are going over their budget in committee. it includes $100 billion in increased spending on infrastructure, job training and an equal amount of spending cuts and tax increases to reduce budget deficits over the next decade by about $1.8 trillion. one of the major differences is while congressman paul ryan and his house budget overhauls medicare, senator patty murray leaves it unchanged, basically. republicans say that the democrats' budget is far from a solution. >> so what does this budget do? it calls for even more spending than cbo has currently projected in the future and massive new tax increases. this is exactly the wrong direction. >> reporter: democrats have been taking aim at the republicans' budget. senate -- or house minority leader nancy pelosi calling paul ryan's budget nothing more than the romney/ryan politics that were defeated by the american people in the election. so at this point if the house can pass its budget, the senate

can pass its budget, technically speaking we would normally have a negotiation between senators and congressmen to try to get one budget resolution out of that. whether or not that'll happen remains to be seen. first steps, though, house and senate will likely look to pass their budgets at some point next week. back to you. cheryl: i'm sure they want to overcome their previous track records. rich edson, good to see you. thank you, rich. >> reporter: thanks. dennis: the federal trade commission's efforts to have disclosures on ad tweets is met with some concern. we have a guest coming up, though, who loves it. cheryl: currency wars. is the u.s. is first casualty? sandra smith on how you can make money on the dollar and what it's doing today. dennis: and the health craze hits mcdonald's. the healthier egg mcmuffin, ahead. cheryl: as we do every time at hour, let's take a look at oil. the oil contracts. we're still above 90, $92.86. up 34 cents, there you go. we'll be right back.

dennis: bingo, 15 past the hour. we have stocks now every 15 minutes, team coverage. cheryl: phil flynn in the trading pits of the cme, sandra at the data wizard on currency wars, charles payne showing us how to make money on a company that provides software to the insurance industry. nicole, ten days in a row for the dow. >> reporter: that's right. and that's challenging the winning streak we had pack in 996. another thing that's challenging that same winning streak is the fact that if we were to close right here, right now, it would be the eighth consecutive record all-time closing high for the dow jones industrial average. we should also note the s&p 500's not father off its high as well -- far off its high up half of 1%. you're seeing drug stocks and

bank stocks doing really well. we got in some good economic news this morning, jobless claims came in better than expected. the dollar is weaker this morning which also is helping big picture, the big picture on the big board right now. and looking at the composite index, this is actually all the stocks here on floor of the nymex, actually the best of the bunch, and it's up more than a half of 1 president. that's the latest here in new york. phil flynn in chicago, what have you got? >> how about this natural gas report? a drawdown of 145 billion cubic feet, about 20 more billion cubic feet than they were looking for, and a lot of it is because of cold weather. that drives the natural gas prices up to a 15-week high, and it may not stop there. we're hearing reports that some of the major power generators that burn more natural gas for electricity than ever before in the his right-of-way the universe plan to do the same thing. if coal gets cheap enough, a lot

of investors thought they're going to go back to coal, but these big power generators are liking the gas play, and they can lock in these relatively low prices for the rest of the year. so big news on gas, weather today but power tomorrow. now let's see what sandra's looking at on the wizard. >> hey, phil. whether you're trading commodities or stocks where nicole is, you have got to watch these currencies because they play a big part in everything that we invest in. we're looking at the euro versus the u.s. dollar right now. up slightly, but this has not been the trend. it is below 130. actually, in yesterday's trading session after better than expected retail sales data, we saw the euro hit a three month low against our greenback. so the trend has certainly been higher for the u.s. dollar, and taking a look at a year to date chart, this really tells the story, guys. while we're constantly talking about a weaker u.s. dollar, we have seen it strengthening so far this year as we have gotten better economic data. there's speculation that the fed might do something eventually,

and that would strengthen the dollar. so that speculation built into the u.s. dollar index up right now 4% so far this year sitting right around 83. so keeping that in mind, guys, how can you make money on this? well, there's certainly a way in the stock market if you're looking at etfs. be careful, some of them are thinly traded. the u.s. dollar bullish fund, this is the most actively traded u.s. dollar fund. it tracks the u.s. dollar. you might want to pay attention to this, it's down slightly today, but it has followed the u.s. dollar so far year. research basically pointing out that the euro, the yen and the pound make up 80% of this index, so as the dollar rises against those other currencies, that's why it continues to gain steam. still a lot of bullishness here. back to you. cheryl: thank you, sandra. it's time to make money with charles payne. he's looking at insurance technology provider ubix. stock's on the rise, earnings news. looked at this one before, this is the retread.

>> this is sort of the reiteration. it's more or less about where we talked about last time. you guys remember, this is the old delphi systems founded back in 1976. they've reinvented themselves. here's an interesting thing, robin, on the cover of smart business in atlanta, and they talked about how he's readying the company, and they're ready for the crisis, and he's made the necessary tweaks. stock was around 25. it promptly went to about $15 there there, but i think the company has done a lot of great things. earnings are out, up 23% for the year, 18%. what i like about it is they talk about software and exchange platforms for the insurance industry being a giant green field. i think it is. they say they have no competitors. here's a good thick, too, ri curing revenue, 80% of their revenue base, but their largest customer's only 3 %. love the race,/reward -- risk/reward. i think it gets back to that $25 when robin was the cover boy for

this smart business atlanta journal. cheryl: looking at the one-year, i know why you like it, and that's because it's down. charles payne, thank you very much. dennis: and stock alert as the senate judiciary committee approves a new assault weapons ban. full coverage ahead in your fox news minute. cheryl: and apple going on the defensive against samsung. when does that ever happen, right? shibani joshi's going to be coming up with the why behind the story. dennis: first, here's how the world's currencies are faring against the u.s. dollar.

>> 24 minutes past the hour, i'm jamie colby, this is your fox news minute. to washington first, the senate judiciary committee approving a new assault weapons ban, banning large capacity magazines. dianne feinstein sponsoring the gun ban which passed 10-8 along party line, and the measure is now facing an uphill battle, though, in the full senate.

there's a suspect that's been shot dead by police. 64-year-old kurt meyers suspected in the yesterday's shooting deaths of tour people in a -- of four people in new york after an overnight standoff, meyers also shot a police dog dead this morning. that's when police returned fire. and how about this? new census data that shows a record one in three counties are dying off, literally one-third of all u.s. counties have more deaths than births. it's up from one in four in 2009, and the number of so-called dying counties are rising as more young folks move away for jobs and older residents stay and age. those are your headlines. quite a thought. back to you, dennis. dennis: thanks very much, jamie. and ahead of tonight's star-studded release of samsung's latest phone, apple goes on the defensive. shibani joshi's going to be at the that event tonight. she joins us now. >> and the expectations are quite high, dennis. this is a neck and neck race

that apple is running with samsung, and the proof is all in the numbers. if you look at the fourth quarter figures in terms of global smartphone shipments, samsung managed to take and sweep the lead over apple. shipping 63.7 units, that's a change of up 76%. that is better than apple's 47.8 billion units. one of the reasons that samsung has been able to best apple is, one, well, it has a wider variety of features, different price points on its phone, and the other thing it's been automobile to better than apples spend more money on advertising. take a look at this, these statistics from cantar media showing the ad spending samsung was able to throw out on marketing the portfolio products. in 2012 shelling out $401 million, that is better than apple's $333 million. spending a lot of money this evening as well. you talked about me going to radio city music hall, that is where we believe the new s4

device, the gadget that's part phone, part tablet is going to be unveiled. here are some of the things i think are going to be in this new device. we're hearing that it could be as big as five inches in size, it will or carry possibly the qualcomm's quad core chip, it could have -- more than likely the plastic outer shell, a 13 mega pixel camera, and here's the feature everyone is talking about, cheryl and dennis, this eye scrolling feature. it just follows your eye movement to turn the page when you're on a screen. this could change everything on how we look and interact with our phones. we'll see if that materializes this evening. cheryl: that's going to be a great event, and fox business is going to have a camera there. so with other going to get the highlights. >> and i hope to have the camera tonight. i'm going to be checking it out tonight. dennis: that eye scroll is going to make add in this nation even worse. cheryl: that would not be me, and i think apple should be

nervous. for all of the whales out there, there's a new location for your games of chance. a $1 billion casino resort is going to open this weekend in manila. the new casino has created 5,000 jobs working the almost 300 gaming tables, spa, a desperate, nightclub, 1800-seat broadway style theater. the philippines hopes to become one of the biggest gambling neaters in the world, and this is likely to take their gaming revenue from almost $2 billion to $6 billion. and, of course, speaking of gambling, you are not going to want to miss tomorrow here on fox business. we have got an all-day-long special on all your favorite vices. how can you profit on what you may have in your hand right now in put that beer down. coming up on the noon hour, we're going to roll the dice and focus on gambling from wall street to the vegas strip. why ex-wall street trader andrew frankenberger left the bulls and bears and became a professional

poker player. dennis: which is pretty much the same thing. cheryl: that is true. it's with his own money now. depp dennis there you go. cheryl: we'll ask him tomorrow. dennis: okay, this tweet sponsored by regulation nation. the ftc wants to impose new disclosure requirements on advertisers and bloggers, but what about the first amendment? i'm going to debate that coming up. cheryl: and it used to take millions to get in, but now you can play in the private equity waters for a bargain price of just $50,000. we're going to have details coming up next. and as we go to break, we're going to take a look at some of the winners on the s&p. could they take the s&p past 1565 today? may have a new record, we shall see. oh this is lame,

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dennis: stocks now every 15 minutes, nicole petallides with a look at how another carnival problem is affecting that company's stock price. nicole? >> another headline for carnival cruise lines, they're, obviously, doing the best they can in a tough situation once again. take a look at the stock. it's down one-and-a-half percent, and this is a month after the carnival vessel that was stuck in the gulf of mexico. well, today another story. overnight they had some issues, some technical issues where the elevators weren't working, also toilet issues. the coast guard was notified, and now it's stuck in st. martin. they're going to have to fly home the passengers b instead of taking them home on the ship and, of course, some refunds now are getting ready to be paid back as well. back to you.

cheryl: oh, my goodness, it never stops. nicole, thank you very much. all right, $50,000, call it the new five million. as the carlyle group becomes the latest firm to lower the threshold for investing in their funds. jim frischling is here. and you say this move by carlyle and the pe community overall, this is a game changer for how we invest our money. >> well, i mean, if you look at where we are today in terms of equity markets at all-time mys, low fixed income environment and we've been talking about it's an environment where people should be putting risk on and investing money, where do can you do it? here the pe firms are saying they'll lower what was traditionally a very high threshold of millions of dollars, and they're lowering it to what steams to be more of a -- certainly it's not chump change, but at $50,000, it's a far larger and prodder audience -- broader audience. cheryl: you're investing in

these companies that they may own carlyle, kkr, etc., without a lot of regulatory issues. you get more freedom in private we can we -- we can i bity. -- equity. >> the sec made amendments to the investor and advisers act where they were actually raising the threshold of what would be considered a qualified investor, a qualified individual. on the flipside, the pe firms were lowering the actual amount of money that they would accept, so i do find that to be an interesting balance. we have some naysayers who are complaining the fee structures of some of these firms is rather high if you think about the 1.5% of the carlyle plus the feeder fee, you're at 3.3% run, but if you look -- cheryl: it's a high management fee, i understand. >> but if you look at their returns, i actually think that might be a pretty good deal considering the unique opportunities that carlyle and blackstone and their peer group can you you access to. cheryl: you almost say i don't

mind paying a 3% investors because look at carlyle, up 24%, kkr over the last year 36%. it even gets better. year to date you've got apollo, year-over-year apollo up 56%. i'm sorry, but you've got the dow up, what, 10% so far year to date? and a 55% gain on fortress. i'm sorry, the numbers -- >> the folks complaining about the fee structure, i think, are missing that big point. even on an after-fee basis, these returns are stellar relative to the other opportunities facing what i'll consider more still high net worth, but still the retail investment community. i think it's interesting they're doing it, others are following suit, and i think they're going to raise their assets tremendously. cheryl: .15 on the s&p, we may hit it today. we may have it on our hands. are you buying into the party here, or are you a little more cautious? >> i mean, we continue to believe that given the backdrop, and i know a lot of the bears are complaining this is all fed driven, but if you bet against this market, you will have

suffered tremendously. so we do think the market is still ripe. the market has stalled because they're watching the economy try to catch up, but we are seeing some good data, so we think we're going to continue to grind higher. cheryl: thank you very much. it's always interesting, but that was really interesting. thanks, jim. ♪ dennis: in today's extended media minute, the federal trade commission wants to impose old world advertising restrictions on the free-for-all of twitter and facebook. but will that hinder this new medium and end up gagging advertisers? we are joined by the director of consumer watchdog's privacy project john simpson. thanks for being with us, john. >> good to be here. dennis: i was looking through this report from the ftc where it dictates to advertisers or suggesting what they ought to do to make sure they disclose their tweets, and yet it even says, in fact, we've got a full screen that if a particular platform does not provide an opportunity to make clear and conspicuous

disclosures, then that platform should not be used. haven't the people at the ftc then basically deprived certain advertisers like drug advertisers, financial advertisers who have to make disclosures inside the ad, haven't they now just ruled them out, and they're not allowed to use this brand new medium? >> no, i don't think that's the case at all. what they've simply done is taken what was first disclosure requirements that had to be in the print world, they came out in 2000 with links for the broad online advertising world, and now that we're on smartphones and using social media, they've updated it in a way that benefits consumers and, n., advertisers as well. it sets some guidelines for simple disclosures that are required. dennis: not so simple, are they? they could end up taking up my entire tweet. and the ftc has decided that 33 million bloggers in the u.s. must be regulated, and anytime they talk about nike sneaker, they have to also reveal in that same message that they got a

free pair of nike sneakers -- >> you're overstating the case there. i mean, what they're saying simply is that if it's an ad, you've got to say that it's an ad. if you're a celebrity who is touting a particular product, you should perhaps simply by having the word ad: and then what you're going to say so that it's -- dennis: but don't we have to be smart enough to know that when a celebrity talks about a product it probably is an endorsement without there having to be a disclosure? don't you worry about government coming into every business telling you how -- [inaudible conversations] >> i don't worry about that at all. i worry about, i worry about unscrupulous businesses putting out ads that are misleading. and this is simply saying that if an ad is sponsored and it is an ad, that you have to show that it's an ad. dennis: but it's also saying if you can't follow our guidelines, then you're not allowed to advertise at all, and that seems to abridge a company's

constitutionally-protected -- >> no, no, it's saying guidelines, these are guidelines -- dennis: yeah, you know, there's another part of the guidelines. here's what the ftc in this report says about guidelines although guidelines don't have the force of effective law, if a person or company fails to comply, the ftc might bring an enforcement action. that doesn't sound like a sweet suggestion, this sounds like a new regulation. and then they -- where's the problem that they're trying to crack down on? >> the problem that they're trying to crack down on are ads that are out there touting products that people don't understand are ads and that there are certain kinds of ads that require disclosure by the law. if you don't like the fact that those ads are required to have disclosures, then you could perhaps get the law changed. but what the ftc is doing right now is telling people how they can advertise in a consumer-friendly way in the new

social medium. it's very simple and straightforward -- dennis: not at you, john simpson, but i don't want the ftc regulating my tweets. it just sticks in my craw. >> [inaudible] dennis: oh, yes, they are. naming bloggers have to reveal certain things, it is compelled speech, and it is an overstep by government. i want them to stay out of my tweets. thank you for being with us, sir. >> you misstated the problem. glad to be here. dennis: all right. cheryl: all right. dennis: well, that was nice. cheryl: another carnival cruise ship is stuck just a month since the last incident. the stock is up over 11% in the last year though. how long can their stock stay up while the ships get docked? dennis: and ronald mcdonald getting healthy. how the face of fast food is changing. meanwhile, let's take a look at the ten-year treasury. ♪

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it's just common sense. kids will spend 57 minutes making me go splat. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. >> i'm tracy byrnes with your fox business brief. with samsung unveiling its newest smartphone this evening, our own neil cavuto sat down with bill gates to get his thoughts on how that might take a bite out of apple. >> samsung had a big announcement today, apple's reeling, it's almost $300 off its high. a lot of people say the luster

is gone, apple is no longer what it was. what do you think? >> well, i think apple's an unbelievable company, obviously. microsoft's been an incredible company. >> yeah. stay tuned for the full interview tonight on "cavuto" at 8 p.m. eastern. and the 30 year mortgage remaining near historic lows. now, according to freddie mac the average is now 3.63%. that's the latest from the fox business network giving you the power to prosper. ♪

dennis: we're on time, baby, stocks eve5 minutes. nicole petallides with a look at amazon. >> reporter: you've been hitting me right on the news. we have a market that's all up

arrows, the dow at record highs. amazon, though, not participating in this rally, cheryl and dennis, pulling back about 2% on a downgrade from jpmorgan chase downgrading to a neutral rating. the new price target is now $300. that's from $333. so they're still saying an upside potential from this level, but they just talked about the fact that they expect that the margins of amazon could be squeezed due to a higher percentage of devices and more international mix in sales. so this is what they're talking about the risk/rewards and what they are thinking going forward for 2013 pertaining to am. i was reading your banner. crossing 14,500 for the first time. back to you. cheryl: exactly. up 68 points. nicole, thank you. tension. dennis: the fairmont princess hotel turns 25 years old. what's the perfect gift? the ceo joins me now for

today's -- [inaudible] thanks for being with us. so $60 million, and that is of a total value for the hotel, is it 10%, is it 50%? >> oh, no, i think it's more like 40%, 30% of the value of the hotel, dennis. edness dennis wow. >> but it was a very, it was a very impressive renovation. we added about 52,000 square feet of convention space, so we now total about 150,000 feet which is the best space of its kind in the market. it's, you know, a five diamond resort that, you know, that with this has an increase in its group room nights of about 16,000 year-over-year, and so revenue's rising, and the guests are having a great time. tension dennis yeah. i think i've actually stayed there in past years at tech conferences and such. it's a fabulous place, although i kept getting lost. it is quite sprawling. you expanded by 30% your convention space because some hotels might do a renovation to

make themselves look prettier, but it sounds like you did this with an eye towards how to unlock higher revenue. how long do you need to take to pay for a $60 million facelift? >> well, this will, this will get repaid pretty quickly. our net income will be up almost 25% year-over-year, so we're going to get a two or three-year payback that i think will be very impressive for investors. dennis: wow, that sounds like a pretty good return. we'd like more of that in the stock market. thanks for being with us, we appreciate it. best of luck with that redo there, the scottsdale princess. >> thank you very much, dennis. dennis: okay. and mcdonald's jumping on the healthy bandwagon. we're going to tell you how the golden arches are going to save or reduce your cholesterol. cheryl: and as we go to break, want to take a look at some of the winners over on the nasdaq. [ male announcer ] you are a business pro.

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cheryl: one-on-one with the new treasury secretary. peter barnes is in georgia at the siemens plant for us. >> reporter: no, cheryl, it's flock, can't you guys tell from the safety glasses? we're in a manufacturing facility. seriously, we're down here to talk to treasury secretary jack lew on his first official road trip as the treasury secretary.

he's coming to this siemens plant in georgia where they make something called traction drives which are, basically, boxes that help convert electric power to the make them, to help big electric engines run more efficiently and at maximum strength. for example, in car trains, electric car trains. amtrak is a big customer, for example. the treasury secretary coming here to highlight some of the administration's key proposals and policies such as investment in infrastructure, manufacturing and high-skilled jobs and and wages. we'll be sitting down with him in a couple hours after he tours the plant. back to you guys in new york. cheryl: looking forward to it and, of course, thank you to you. catch peter's interview on "after the bell," 4 p.m. eastern time right here on fox business. cheryl: time for your west coast minute. colorado-based level tree communications agrees to pay a fine over service quality. the fcc accused the

communications company of poor service to rural areas. level three is down ten cents. the motion picture and television fund breaking up talks with its health care workers' union. the union represents about 500 nurses, dietary workers at the woodland hills retirement community and other clinics in the l.a. the union plans to strike on march 18th if a new deal is not done. and a new bill in california would develop 50 online classes to help college students get core coursework done at a lower cost. many students are having a hard time getting in. the new bill would allow out-of-state universities and colleges to enroll those lost california kids. and that is your west coast minute. dennis: there's money to be made on the health craze. whole foods announcing plans to open an upscale health resort in the next three years where guests will learn about living a healthier lifestyle. and no yolk, mcdonald's introduce ago yolk-free version of the egg mcmuffin which has

265 call rears, the regular version -- calories, the regular version has 300. cheryl: coming up all next week during this hour of "markets now," join us for a special series, tax pain. this tax-filing season may be the most challenging ever, so what are the wealthiest americans telling their accountants? are there breaks that they are using that you need to know about? fox business wants to prepare you for what will most likely be the shock of your life, your 2012 return. tax pain all next week. i don't think you can afford to miss the series. dennis: they're telling their accountants more loopholes. cheryl: president obama on capitol hill for the third straight day for discussions with lawmakers, so are we any closer to a budget deal? lou dobbs is going to weigh in. dennis: plus dow and s&p both marching higher, but sam stovall says this rally is, quote, water torture for bulls and bears both. we'll ask him what that means for the markets as i join

melissa francis next hour.