vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. melissa: i'm melissa francis and here is "who made money today". investors betting on the death of the pc. first quarter shipments plunged 14% compared to last year. it is the steepest drop since idc research began tracking the data in 199. the news hammered shares of hewlett-packard, microsoft and intel. also making money, mel karmazin, serious xm ceo cashing in on previously awarded stock optionses to the tune of 244 million bucks that is in addition to the $12 million in salaries and bonuses for his final year at the helm. not too bad, mel. nice job. shares of cirrus km are up

40% over the past year. that is why he is getting the cash. losing money today, boston red sox, 820 game sellout streak came to an end against the baltimore orioles. it began on may 15th of 2003. even when they say it is not it is always about money. melissa: looking unstopable. dow notch the its third straight record close up 120% since march of 2009 to another record high, 14,000, 865. this is all despite huge losses from dow components like microsoft and hewlett-packard. we told you about that. you can't ignore a fear factor. seeing irrational case of

stock phobia? let's talk about how to make money. with me now, jack hough with "barron's.". charles payne should be here any second. david, let me start with you. what do you think of this headline in "usa today"? i ults think of that as, it is what middle america and main street is looking at. are they afraid of stock-phobia and is that keeping them out of the market? go ahead? >> i worry about a headline, melissa. when you see a headline it is already old news. so the worry about a fear that the investor is not in the market is yesterday's worry. we have had four years after bull run. you just reported. and we have investors back in the market. i'm starting to worry about the market's momentum as getting a little frothy? melissa: really. jack, is it getting a little froth think here? >> there is nothing irrational about investors being fearful here.

share prices out there seem okay relative to earnings but earnings relative to the size of the economy are very high right now. that happens sometimes. we have boom and bust cycles for corporate earnings. to me that suggests that they're going to revert to the mean over time. corporate earnings will be very slow from here. i think stock returns will be subpar over the next 10 years. melissa: look who just joined us. charles payne, he made it! you were on a sister network. >> i was talking about rain taxes. that is fun topic. melissa: that is terrible. talk about the stock market. we're talking about "usa today" saying average investor still stock-phobe big. that is something that is indicator when you see something like that in "usa today.". aren't investors piling into the market because there is nowhere to go? as long as ben bernanke keeps the printing press on we'll go to the stock market, is it that simple. >> i don't believe it is that simple. i believe stocks are a legitimate place to be and

earnings are legitimate. people looking out the window saying this guy is nut. when they look out the window they don't see the luxury hotels being built in baku. melissa: i don't know where baku is. >> thank you very much. how much people buying baby formula buying at mead johnson. we have an amazing global economy outside of european empires faded under social welfare schemes and america's incompetent sense funding huge profits at american companies. here is funny thing. you remember the day hit a new high? melissa: yes, which one, there were so many? >> on cover the "new york post", no mention of stock market. we had amani care red alert and off you go. are you kidding me. one more thing. one more thing. melissa: what does that tell you? the average investor isn't paying attention to it? >> this tells you the most stealthyest hated stock market rally in it had. i never saw the market hit a

new high and both are pissed off left and right. market took out weak sisters. that crashed with mother of all crashes. melissa: okay. >> volume is extraordinarily light from day one. yesterday the american association for individual investors came out with their survey. bullishness is at 19%. down 16% in one month. that 19% matches the same level it was at, march of 2009. imagine that. 6,000 to 15,000 in the same level of bullishness. melissa: david kotok, did charles payne. >> i don't agree, melissa. i got to take the other side of the argument here. melissa: okay. >> we're four years in a bull run. we're up over 100% by whatever measure you want to use. you can not use an index reference from 2009 and apply it until today. if you look at value of the stock market in the united states against gdp, it is now high. the earnings share out of that gdp we just talked about it, is very large.

four points have shifted from labor to capital in this recovery. and, i believe, this bull market is powered by central bank activity. not just in the u.s. worldwide. melissa: what does that tell you, if it is powered by central banks. does it keep going until they step off the gas? >> well, if the central banks of the world, japan, the united states, the u.k., the european central bank, others, are buying long duration assets, long term bonds, not short-term bonds, they are withdrawing duration, long assets from markets. those bull up the price of --. melissa: uh-oh. higher forces just froze out david kotok. somebody didn't like what he was saying. jack, let you solve. >> it wasn't me. >> i admit it was me. melissa: we know where david was going with that, though. settle the argument. who's right. >> his point with rates so low on other invests you have to be in the stock market.

you can still get decent dividend yields. you have to have some money in there. best thing i can tell you, share prices relative it earnings and earnings relative to the economy, it tells me stocks are poised to return, i don't know, maybe 4% a year going forward over next several years. not returns you're used to. not 10%, 12%, yearly returns in the stock market. as a saver, you need to be prepared for that, i think. you need to understand over the next several years, your pot of money is not going to grow like you might have gotten used to over last couple years. melissa: charles, will you accept that, that your pot of money will not grow like last couple years? >> not necessarily. i sincerely believe, that you know, i have done a lot of work on this, and i think that this market has a long way to go. and based on a lot of things besides the fed. the fed's story i think comes in well after 15,000 on the dow. maybe significantly higher. people should understand. here is the most important

thing to understand. where is the next 100, 200, 3 you know% move in the market will be. stop worrying about the correction. you're not getting in at the bottom. you're not buying about the bottom. stop worrying about the correction. melissa: i like that. david kotok, we promise we didn't do that on purpose because we wanted to hear from the bulls, we'll have you back soon. thanks to all three of you. here is our money question of the day, are we really seeing the death of the pc and companies that make them? most of you say no. one thoughtful response on facebook is the pc dead? no. is the pc era over? yes. like us at facebook.co facebook.com/melissafrancisfox or follow me on twitter @melissaafrancis. from this stock market to the free market that is the message from a group of business executives led by former home depot ceo bernie marcus, these ceos are about job creation and growth, not high taxes government regulation and health care reform which they say are

pinching businesses and killing the economist. here with ways to breathe life and money back into the economy, are two members of the job creators alliance. gary rabin and mike whalen, ceo of heart of america group. thanks for joining us. mike, let me start with you. >> hi, melissa. melissa: what do you hope to accomplish? what do you think you can get done? >> well i think the members the jca, the job creators alliance have all created businesses successfully. created in many cases hundreds of thousands of jobs over the last 10, 20, 30 years. we're concerned that great american job machine that creates the american dream for millions of workers, might not be around in the next 10 years. melissa: why? gary tell me, why specifically you think that the job creation machine isn't going to be around? what are the factors? >> huge factor, is regulation of course. we talk about it all the time. regulation in america cost america businesses small and large, about 1.8 trillion

dollars additional, additional a year than it did, or additional a year than normal business operations. prior, 2002, 10 years ago, 650 billions with the cost. it increased $1.15 trillion in matter of 10 years. that is not sustainable. think of the jobs that could be created with that type of dough. melissa: mike, what -- >> something to think about --. melissa: what could you actually do about that? it is not like we can get rid of regulation. there are businesses doing things that they shouldn't be doing. we have to protect people. i mean how did you reconcile those two things? >> well, i think, a number of things. first, of all, it is well-documented we have uncertainty, starting with obama kiar. obamacare has been kind of like christmas where we've had all the presents out front. no previous existing conditions. a family's premium is supposed to drop $2500. but in next year, and year after that the visa and mastercard bill will come in and the real cost of

obamacare which will be devastating to the small business job machine is going to come due. melissa: mike, this is what i'm confused about though. your group was started by home depot's former ceo bernie marcus. >> right. melissa: whole foods ceo, las vegas sands ceo, staples, ceo, these are all public companies that are doing well right now. they're watching their stocks go higher. that is what we were talk talking about in the siggment before you. why would they get this together and put this group together and get you guys out there and try to get you on tv to get your message out. what is the motivation? >> i think, look, most of these folks have made it. very successful. it is not about their self-interest. what they want to do, what they want to do is make sure the next bernie marcus or mike whalen has a chance to create those jobs. if we do by regulation, by taxation and by all the uncertainty in the economy, we shut down that machine, everybody has the mantra, 70% of the jobs are created by small business. well, a handful of the small

businesses create those jobs and if we kill them in the crib, well, then we've killed job creation machine. melissa: what is it you guys hope to really accomplish? you talk to people like yourselves who have like-minded views on the economy and politics and on regulation and then you try to go out there and start, i understand a social network and get people to talk to each other. what does that actually achieve, other than stirring up sentiment of people who already think the same thing you do? >> well, i think, the first thing we're going to do is that we want to train american business folks to be able to talk to their employees and explain exactly what these things do in terms of inhibiting their chances to move up in the world, to achieve that american dream. we need to get that conversation going in america. melissa: gary, what is the number one thing that washington could do right now to make business easier for the small businessman? or woman? >> welsh currently we are a small business, melissa. we're a group of a dozen

small companies. we started 30 years ago. we've grown into a large group of companies today. about $190 million in revenues total. these are small businesses all together though. for these small businesses, they have had to change the way they operate today compared to yesterday or 10 years ago. when we look at this health care bill we're talking about everyone of these businesses that are anywhere from 3 to 5% net profits changing the way they operate. it is not like 1 1/2% additional cost is going to kill their business but it is going to remove 30 to 50% of their profits. 100% growth on extra costs. melissa: margin is only 4% anyway. take 1% away really kills it. guys, thanks for coming on. we really appreciate your time. >> thank you. >> thank you. melissa: next on "money," forgot your wallet? just pay in bitcoins. the first new york city bar is now attempting, excuse me, accepting them as payment. how on earth is this a wise financial decision? the bar owners are here to respond. plus, can you define your

career in 140 characters for less? how twitter resume's are transforming the job market. more "money" straight ahead. ♪ we went out and asked people a simple question:

how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s.

and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it.

melissa: the bitcoin bonanza continues. after a wild day yesterday, bitcoin exchanges halted trading saying they need ad cool down period before trading could resume because they were overwhelmed with traffic. would you think all the craziness would make anyone question the safety of the virtual currency. our next guests says, not so fast. they run the first bar in new york city to accept bitcoins. they think this would be at wave of the future. joining us is alex, co-owner of the bar ever, and charlie is also a co-owner of ever and coo of bitcoin payment processing, bit instant. charlie, i will start with you because you are the bitcoin guy. all the news today is about not being able to trade bitcoin. what happened? why did it close down? >> essentially the volume of order coming in surpassed

what the exchanges could handle. melissa: was everybody trying to sell it? because everybody was prices were way down. >> it was opposite. everybody was trying to buy. yesterday was one of the highest volume days we've ever seen. melissa: it will reopen 10:00 p.m. eastern time, right? >> between 9:00 and 10:00. melissa: is it going to crash? will it go higher? what do you think the audience will know what happens? >> will go higher. a lot of orders are coming in and volume is high. people want to put money in. a lot of people now don't really know what the price is because the exchanges are off. seeing a lot of people doing private deals like selling and buying. it has been a crazy day. i haven't -- 40 hours. melissa: you're tearing your hair out what is going on. in light of all that, how can you run a bar based on a currency fluctuating this? how do you price it? >> first of all, the bar isn't running based on bitcoins. for us it was a no-brainer through the app we have charlie helped us out with

the technology we get money in dollars almost right away. we never hold any bitcoins. what happens you basically have the app. the waiter, the bartender puts in usd amount, con strerts into bitcoin amount. melissa: you don't have to worry about fluctuating price of the bitcoin because you charge dollars and instantly -- >> instantly and way better for us than credit card processing. >> why is it better?. >> we get the money in the bank account next morning. one of the big issues in the hospitality industry with startups is cash flow. >> and charge backs. >> you don't get money right away because of credit card processing. we get the money right away. there is no such thing as a charge back and processing fee is fraction of what credit card costs. it is really no risk. melissa: your car is called evr. >> that's correct. melissa: how many people use bitcoins to pay on percentage basis? >> we've only been using it three days now? melissa: that's it? >> we only just started

accepting bitcoins. we had a dozen people use them. melissa: three days ago, what made you say we'll start accepting bitcoins? >> it is my fault? i has been wanting to do it for months. >> i wanted to do it since we opened actually. melissa: really? >> i'm familiar with bitcoins. i'm not an expert like charles live but it always intrigued me. melissa: can i tip in bitcoins? >> absolutely. melissa: can i make change in bitcoins? >> you don't have to pay a full bitcoins. if it is $20 worth and converts in the bitcoin amount. we get it in dollars so there is no risk. melissa: one of the things alex said which is telling he doesn't hold bitcoins. it is instantly translated back into dollars to me as business owner he doesn't have a lot of long term faith in the bitcoin. >> that's not what i said. melissa: do you instantly put it back into dollars. >> just because i have faith, because i personally have faith in something doesn't mean i can have my investors

have faith in it. melissa: so your investors don't have faith. you can turn it back into dollars. >> coin is two things, it is important to understand what they were. it is a payment system and also a currency. more importantly the payment system is really gives it its value. it is a peer-to-peer payment system. it is largest socioeconomic payment system man kind has seen. they're not using it for the currency but the payment system allows everyone around the world. melissa: what is the point of peer-to-peer payment? this is what a lot of people are saying. not being traceable and buying and selling illegal things. about not paying taxes, the government not knowing what you're doing. all these things can be wonderful. i'm just wondering is that what this is about? >> it is a common misconception. bit coins are not anonymous. they're private. that is major difference. every transaction can be traced back to each transaction. melissa: what does it mean to be private? >> if someone paying going

to the bar and paying in bitcoin, his wife, girlfriend, anyone who wants to know what he is buying will not see the purchase on credit card bill, what were you buying? why were you at bar. melissa: what about the government? do they know where you're spending money. >> would the government know you're spending money? you treat it as foreign currency. if you hold bitcoins as turn it back into dollars you have of course file return on capital gains. melissa: do you have to pay the same amount of tax on earnings. >> 100%. melissa: gentlemen, thanks so much for coming in. charlie, you we'll watch. you said it would go up when it opens. that will be crazy. we will keep an eye on it. thanks for coming on. >> thank you. melissa: coming up on "money," can you write your resume' in 140 characters or less? twitter resume's are the hottest new way to score a gig. we'll tell you how to revolutionize this. you're busy checking over tax returns while the irs might be busy checking your private e-mail and text messages without a warrant. we have the stunning revelations.

do you ever have too many bitcoins? ♪ . my mantra?

trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs.

common side effects include skin redness or irritation where applied, increased d blood cell count, headache, diarrhea, vomiting, and increase in psa. ask your doctor about the only underarm low t treatment, axiron. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. the most innovative software on the planet...re. dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers.

♪ . melissa: if you're looking for work, forget e-mailing resume' to perspective employers, that is so 2005. twitter is a new trend. it may sound tough to post a resume' in 140 characters. it is like new elevator itch . there are interesting aspects that could put you in much better position than anyone trying old-fashioned way. joining me, the we have the ceo of the muse. we have the ceo of ruby media group. thanks for both of you joining us. let me start with you. you hired someone based on twitter resume'? >> absolutely. our director of marketing saw me speak the a event.

i saw what you had to say is very compelling. here is lining to social promiling. if you have someone for marketing here is my profile. we gave him an interview a month later and hired him. melissa: we like to tell the audience. one of the tips recommended retweeting or conversing with managers and hr people at company you want to work for. how do you that that effectively? >> definitely. one of the things you want to pin point where you want to work and agencies you want to work at and finding hash tags and finding twitter handles and following them, retweeting relevant content, using hash tags in the industry you want to work in. so you appear in their news feed every time they're looking at their mentions. they start to recognize who you are. and the reason that is important because when you do send your resume' in a few months later they will recognize your name. melissa: catherine what would you do to get recognized in that kind of a setting? could you go too far? >> absolutely. there is a lot of dos and

don't. basis level you want to make sure the profile is representing yourself in positive way. look at picture you're using. is it professional? is it positive. twitter bio that is short, this is great way to say who i am. this is what i'm interested in. this is a link to blog post or twitter protile to something else. on twitter as chris was saying a fan tas way to develop a personality and to engage someone but you have to be a careful not to the cross the line into harassments. if you wouldn't call person four times and wouldn't tweet someone repeatedly. if they haven't answered take a way a -- a break a little. that is great way to know you're interested and standing out in a sea of applicants. melissa: chris, this strikes me a there are a lot of industry this wouldn't work for. when i think about hedge fund who are pretty secretive and low profile, they hate it when they have employees on social media, that on facebook, tweeting.

there are a lot of things it wouldn't work for, right? >> i think it is really geared best for people interested in the working in the communications industry. melissa: that's it? that is not a big group of people? >> i think that would be the primary audience. think in terms of sec an finra for financial regulations i think they're very strict and i don't think, for hedge fund this would be the right avenue. melissa: okay. so it's hard to tweet your resume' in 140 characters or less. i gave it a shot. if we put it up on the screen. obviously not looking for a job because i love my job and i'm never leaving fox for the rest of my life but i do like to do speaking engagements. host of two daily shows at fox business. best-selling author, harvard econ grad. mom, loves to keynote, inspire, motivate. i put my website on there. what do you think? >> i think that is fantastic. you mate it concise, who you are, what you're passionate about and what should someone reaching out to you is interested about. melissa: blurting that who

cares? >> people are following you and more followers the better. that is really important. >> how often do you do it before you look desperate? >> i think finding the right context is important. if you were part of an industry chat. if there was a twitter chat, whole places on line twitter chats related to your industry and go to one of the chats and introduce yourself in that way and participate. >> i think the biggest mistake here that i see is that, you know, you could write a perfect resume' tweet but what happens before and after that? not only the resume' tweet that is important but what goes around it. you don't want to have really good resume' tweet and things on a twitter feed an employer was saying this written by the first person. melissa: you track them to the twitter feed and you have said something really stupid that is not really helpful. thanks to both of you. next on "money" the tax filing deadline is just days away. instead of looking at return the irs may look at private e-mails and text messages

without a warrant. we have stunning details ahead. gas prices normally soar this time of year but they're diving instead. even more relief could be straight ahead for drivers. we'll explain. "piles of money" coming up. ♪ my mother made the best toffee in the world.

it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. ♪ the middle of this special moment

and i need to run off to the bathroom. ♪ i'm fed up with always having to put my bladder's needs ahead of my daughter. ♪ so today, i'm finally talking to my doctor about overactive bladder symptoms. [ female announcer ] know that gotta go feeling? ask your doctor about prescription toviaz. one toviaz pill a day significantly reduces sudden urges and accidents, for 24 hours. if you have certain stomach problems or glaoma, or can not empty your bladd, you should not take toviaz. get emergency medical help right away if your face, lips, throat or tongue swells. toviaz can cause blurred vision, dizziness, drowsiness and decreased sweating. do not drive,perate machinery or do unsafe tasks until you ow how toviaz affects you. the most common side effects are dry mouth and constipation. talk to your doctor about toviaz.

melissa: the company's fiscal fourth quarter earnings came in well below expectations. i don't know how that is possible. i did my part. the cup cake maker said the hurricane sandy played a role. everybody blames sandy. i was making up it for sales. the stock is getting hammered. shocking news out today that good affect everyone of you watching. just as the the deadline to file taxes approaches, irs says it has the right to read all of your e-mails, texts, digital messages facebook texts without a warrant. all under the auspice looking for criminal tax cheats. but the message is pure big brother. morgan wright, cybersecurity analyst. how you can protect yourself and your money. welcome back to the show, morgan. >> hello, melissa. melissa: i want to ask you that question first. people are talking about the story all day. we want to put a new twist on it to help our audience. how can people protect themselves.

>> i got through tweeting the irs and paying my taxes and said hashtag, don't audit me, bro. unfortunately part of the electronic communications privacy act. it is an outtated law. when i was a cop and detective we had to follow the rules. one the things you knew the law always lagged behind technology when we started getting voice over ip and starting getting e-mail the law could never keep up with it. that is what is happening here. people need to protect themselves and understand what the government can do and what they can't do. not about avoiding or doing anything illegal. i want to have confidential conversations with my attorney and account apartment and i don't want the whole world to see a question that i ask can i do this construed by somebody in the government as an attempt to commit a crime. melissa: what is it they can do right now? sound like they can is issue an subpoena to gmail and ask for my e-mails and see for example, if i e-mailed a friend i'm going to mexico. i will see a great concert.

i'm bringing my kids and later on that is my business expense that would be a perfect thing to go and get that e-mail and prove it wasn't a business expense? >> right. what they can, back when the law was passed. there wasn't a whole lot of storage, anything considered over six months was considered in a sense abandoned. you didn't need a search warrant. the assumption you had less of a privacy interest. there wasn't enough storage space. it was going to get delated. that is not the case anymore. the case we have infinite amount of storage and google drive and microsoft share point. we can store video, tons of date that. that is the not issue. melissa: what should i do? should i delete it all? how do i protect myself? >> there are a few ways to do this in talking with the producer. let's not get geek did i. there is ways in your e-mail client rather than leaving it on server after three days delete it off the server. keep your e-mails stored locally. do your backups but keep e-mails stored locally.

other thing you can do to protect your conversation, i checked itunes store, the apps store, there are 19 applications for the iphone alone say encrypted e-mail. you can do some are free, some you pay for. preprograms out there like pgp. pretty good privacy. melissa: i want to slow you down. i want to do all these things. encrypt the e-mail does that mean the irs can't see it? if you delight, everybody says when you delete it is not deleaded because it is out there on the server and you're screwed. >> when you delete on server, it would be overwritten. you would have to go whole frons sick examination. it will be stored on your computer. if you delete it off your computer there are ways to recovery. we'll not worry about that. use these applications. that means the other person on the other end has to have the same program in. if i send you encrypted message you have to have something cape of descripting it. or use instant messengerer. a lot of things like skype is encrypted end to end and

stored locally. not stored at microsoft. so because microsoft owns skype now. if i sent you an instant message over skype you would have it there, i would have it there but would not be a record on a server somewhere at microsoft that you could subpoena. melissa: what else is safe besides skype? everybody feels text messaging is safer than elting is that true. >> in a sense it is because the phone companies that provide services don't keep that very, very long. after 30 days, it is pretty much overwritten because it is storage issue for them and management issue. so you can do that. but you know what? here's a clue for the u.s. postal service. i would go out with marketing campaign that says avoid the irs send mail. melissa: that's true. >> i mean, we can solve part of the problem. pick up the phone too. you know. we have forgotten, what is happened here, melissa, we have forgotten how to communicate. everything is digital. sometimes you want to pick up a phone and have a conversation and write somebody a nice note. those requires title 3

intercept other than electronic communication or search warrant to get into the letter. you can't see to the letter because it will take a search warrant too. melissa: morgan, great advice. hope you come back soon. >> as long as i don't get audited i will. melissa: next up, what is up for the summer. you may be surprised to hear we have a top expert to tell us. don't go anywhere, at the end of the day it is all about money. ♪ @

♪ . melissa: nothing like a little booed news on gas prices. they have been unusually low for this time of year. the national average for a gallon of regular down 31 cents from last april. this is top forecasters cut the global demand for growth estimates. so how deep will you be digging into your pocket at pump this summer? with me steven schork, editor of the schork report. what do you think? where are prices headed, steven? >> it is good news, melissa. what goes up obviously comes down. we're on the down slope. consumers have good news heading into the summer. it indeed looks like we'll

pay less at the pump than we have the last few years. melissa: how low do you think prices are going to get? >> well what is happening now, certainly we have, prices are beginning to moderate now which is really special because, we normally start to see oil prices or, excuse me, gasoline prices rise at this point of the year. but an interesting development is happened or pattern has happened over the past three years of the everyone is appreciating that crude oil prices are the biggest factor which determine the price of gasoline. now two years ago, we had a 40% rise in crude oil prices in the first quarter. that was because of concerns related to the civil war in libya. but by the summer of that year, oil prices were 20% lower. so we're actually paying lower gasoline prices in the summer of 2011 than we were in the winter. then, last year, with the iranian embargo. oil prices jumped 20% but by the summer when the iranian embargo came and went oil

prices --. melissa: what does that mean for what oil prices are going to be this summer? >> at this point prices will begin to moderate. the national average is around $3.60. we'll start to, we'll moderate now and we'll start to move lower as we go into the summer right now. melissa: one of the huge stories that's been out there in oil industry, opec, eia, have been cutting their forecast for demand and some people think we reach reached peak gasoline demand especially in the u.s. do you think that is possible we've hit a top and it will keep going down, demand? >> well, certainly. there is a lag with consumer behavior with high prices. now we have been in a relatively high price environment now for the past six or seven years. consumers have had the opportunity to switch over. there are a lot more teslas and a lot more priuses on the road than suburbans. consumers cut back and mileage haas undeed improved. so demand has peaked and

we're on a downtrend. here on the owes keys, hurricane sandy, post-that concern was refining capacity. gasoline stocks, they were of 6.5 million barrel deficit now we're at 2 million surplus. melissa: this is the concern i have now. whenever stocks jump the price of oil goes higher and the stock market is on a irat that. couldn't that unhinge everybody you're saying? >> those are the two caveats we do have to watch for. it is one, the stock market. there is indeed a positive correlation between a rising stock market and oil prices. so and then, two, more of a concern is monetary policy, with the federal reserve we're looking at a depreciated dollar. there is a correlation, up verse correlation between the value of the dollar and oil prices. money is being printed, it has to get into a market that is seeking yield and, we do run the risk of this money coming in and do inteed supporting higher oil

prices. but from a fundamental standpoint it certainly does look, the consumer does look to enjoy a quote, unquote a tax break this year. melissa: at the pump. steven, we'll keep our fingers crossed. it would be good news for sure. thanks so much. >> absolutely. melissa: time for the fuel gauge report, natural gas futures soared back to a 20-month high despite a smaller than expected decline in natural gas inventories last week. cold weather forecasts for the midwest increased outlook for demand. one energy giant not making money tonight is royal dutch/shell. it is losing $7 million a year from crude oil theft in nigeria. according to a new report by "the wall street journal" of the shell has had enough. it is stepping up on nigeria's government to crack down on gangs and businesses involved in the illicit trade. good luck with that. exxonmobil and rosneft unveiled plans for a $15 billion liquified natural gas project. an lng lant plant would be

built off russia's pacific coast to help growing demand for the lng markets in asia. coming up on "money" would you rather stay at a motel 6 or a take a carnival cruise? the price of the cruise is actually less. will that be enough to lure passengers on carnival ships? i don't know. i would rather stay at the baits motel rather than take a carnival cruise -- beats motel. you can never have too much money. ♪ . (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking,

i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everi'm with scottrade. me. (announcer) scottrade. awarded five-stars from smartmoney magazine. how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone

who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ omnipotent of opportunity. you know how to mix business...

with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. yes, you could. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities.

melissa: time for a little fun with "spare change." lori rothman is here with us. next to her is chopped liver. [laughter] >> i love you as well, i'm just so excited that lori is here. >> thank you, i am so flattered. melissa: carnival is offering cruises at $38 per night. a four night trip for $149. even with the super cheap prices, i do not know. would you go on one of their

cruises after all of the nightmares we have been hearing about. >> that does we really state, we're not sorry. i started thinking about it and i said, all right, if this is to get people on board, then they spend more money on booze and retail. melissa: i have obviously never been on a cruise in my life. >> this company has been so bad that nobody wants to be cast adrift at sea. no one wants to hit an iceberg. for $39 a night, bring it on. melissa: would you go?

>> absolutely. melissa: people died, off the coast of concordat, and they? >> yes. the cruise line industry is not regulated. melissa: okay, up next, anthony wiener. he made it clear he is considering running for mayor of new york. i guess there is nothing that we don't already know about him. >> never say never. america loves a comeback, kobe bryant, tiger woods. bill clinton. mark sanford from the governor of south carolina was canoodling in argentina when he said he was hiking. what anthony wiener has to do is lose the arrogance, lose the attitude and keep his wife by his side and in terms of social media, he should never again

send a photo photo of his anthony. [laughter] melissa: that's a good joke. every time you say his name, it reminds you of what he did. that is a pretty big marketing hurdle to get over. >> we are all being subjected to the city's pictures once again. and he says he's not even serious about one term. but it's now or never, he feels. why doesn't he just go back into the private sector. melissa: okay, up next, a time machine that was created to predict the next several years

of your life. it is supposed to be up to 90% accurate. what do you think, fraser? >> the guy said that my machine can predict the future of any individual with a 90% accuracy. where do you landed the other 90% of the time? fighting trim resource racks? that would be my concern. [laughter] >> okay, you know i'm crazy. remember the twilight zone episode where there is a camera and they take pictures in the projects the future. they when all this money, but then they end up seeing pictures of their own deaths. and they end up ultimately killing themselves anyway out of greed. i'm going way back. this is what the story reminds me of. i don't think that we should know the future. it's a bad