it is yours. connell: the weekly highlight reel really hit home for her. dagen: thank you. connell: thank you for joining us. dagen: bonds look scary. connell: secretary of state is -- dagen: speaking of scary, how about bernanke? he is expected to speak in the next hour. what he labeled the fed chief dangerous? connell: the new perk for the high-end customers. shorter waits at the airport. dagen: i would like that. connell: as we get started, here is markets now.

♪ connell: we missed those types of show references. dagen: canceled, late and they grounded. if they get you there safe, that is all that matters. connell: good morning, nicole. nicole: good morning. welcome back. today, the dow is pulling back. you have a dollar that is virtually flat. the dow jones industrials right now, 14,807. the nasdaq composite also to the downside. the s&p 500 down three quarters of 1%. cisco systems, dupont, caterpillar, the biggest names

wayne on the cut. back to you. dagen: thank you, nicole. a little pullback. no problem. at least for airlines. stocks are still the major winner down the road. particularly over bonds. charles, it is good to see you. is the allure back for the average investor? >> i think we are seeing what people are calling the great rotation out of bonds back into stocks. it is, unfortunately late. they tend to buy stock after they have gone up which is the wrong time. at this point, we still have reasonable valuations.

we are seeing people do that. dagen: so worried with treasuries would be the federal reserve stops this bond buying program. charles, why would that not hurt stocks also? >> it is because earnings will be fine. if interest rates start to go up and companies are still making good returns and you can buy a stock like johnson & johnson at 14 times earnings or ibm at 12 times earnings, it will still be attractive. you are absolutely right, that is still a risk. dagen: you can talk about specific stocks. jpmorgan raised its quarterly dividend by eight cents per share. the dividend was $0.30. now it is $0.38. that is pretty significant.

are there any other sectors that you think offer the best value? >> it is a little hard to generalize. you have some names like technology names that historically have not paid dividends and now they will start paying dividends. companies like microsoft can't even apple. you have to look company by company. eight cents does not sound like too much. that is $0.32 a year. it is not nothing. it is yielding about 3%. dagen: i looked at those numbers. how much downside risk to you think is them bonds and how much are people still underestimating the potential losses? >> i am glad you brought that up. the way to measure that, you own a ten year bond and interest rates go from 170 to 270, people

will lose about 80% of their money. if interest rates go up by 2%, you will lose about 15% of your money. you will not go broke, but you can lose a lot of money. dagen: charles, it is good to speak with you. thank you. >> thank you for having me. connell: a news alert right now on secretary of state john kerry. making his first trip to south korea. we had the editorial board at the "wall street journal." good to see you, mary. what you make of the secretary's comment? he used the language of we will not that we, the united states,

we will not use that. >> he is trying to throw down a more firm comment. they gave him some kind of concession. i think this time john kerry is trying to make it very clear that he will not get anything from this plotting. i think it is a very important step to be taking. what do we know about where china stands right now. china has always enjoyed the kinds of problems that china has given the united states. john kerry will be going to

china to talk to them. this guy is that i do not think he is acting rationally, he has a lot of interest that relate to his own power inside the country. i think that everyone is very nervous about whether he may try to do something completely crazy as an act of desperation. connell: he will go through with those conversations. what if he still test one of these midrange missiles? if he goes through with it, then what do we do? >> i think the ideal would be to shut it down. i think there is a little bit of concern that if we are not able to do it, then that will put us in a position that makes us look weaker. if he does, i think, we have to work harder to get help from our

allies. we have to let this little guy know that he is not allowed, you know, we will not spend the next four years. dagen: how much do we know what the country is capable at this point, in terms of missile technology? >> that is an interesting question. a u.s. lawmaker came out and said they have the technology to put a nuclear missile in the air. that came from the defense intelligence agency. there are other people at the state department who say they do not quite have it. why are we going to wait until they have it? i think we have to contain them ahead of time. this is a country that is very poor. they just closed down a big industrial site. that was a big source of hard currency for them. they are backing themselves into a corner.

connell: you sound like you are in a this time it is different camp. you think it is different than the bluffing we have seen in the past. >> i think that technology is further along. this dictator does not have any experience. he has something to prove inside his own country. he could act in a more desperate manager. dagen: it is his grandfather's birthday april 15. we have to be careful of that day. >> yes. there is an expectation they may send a missile off. connell: thank you very much for coming in. dagen: always fabulous. thank you. connell: eli lilly laying off of thousand of its employees. the cuts cot which account for 30% of the sales force will be completed by this july.

eli lilly down almost 1%. we sell looking to speed up your wait time at airport security. the companies security card is now making a new service available. it is called clear. you can sign up online and then provide a fingerprint, drivers license and some passport information. once approved, customers will receive their clear card to use at the kiosk and the airport. let's look at lisa shares. they are down by 1% even. dagen: you ever bypassed pat downs? >> i always scare them. i just throw my arms up. dennis: that is the real reason you are gone for a few days.

she tried to come back monday, but she did not make it through customs. dagen: questioning bernanke. he will speak in the next hour. we will hear why his policy is pointing us in the wrong direction. connell: one of the engines driving the economy that we will get into why that is the case. a big drop in oil today. we are practically below $90 now. over 3% to do downside. more coming up. ♪ ♪

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so much for inflation. so much for stored value. so much for fear. down it goes. connell: that is a large number. let's go back to nicole at this stage. how about rite aid? nicole: it is up over 30% for the week. shareholders are obviously rejoicing. a couple of things have happened. raymond james jumping on board raising the company to a perform. yesterday when they came out with their numbers, generic drug sales have been very good for friday. they made higher margins. $2.24, it is certainly a winner. back in 2007, this stock was

almost $200. back to you. connell: thank you, nicole. dagen: it is time to make some money with charles payne. i wish you could have heard a groan come out of charles g when he heard the price of gold. let's talk about other market venues. charles: i have to tell you, this market rally has been amazing, in the sense that i never knew the market averages hitting all-time highs could make everyone mad. everyone is upset about this. you would think maybe people would be more enthusiastic about it. a lot of people are saying it is market mania. there is no market mania on main street. i think we all know that. this does tell you one thing,

when there is market mania and it is measured, it does typically measured the top. connell: it is dramatically different. charles: a week before that it was 75%. that was the beginning of all crashes. it is 19%. the only thing that has crashed so far this year with respect to equities is bullishness amongst individual investors. i am not sure why. i do not know what it is. here is the real irony, that number matches the low from march 2009. 8000 points apart and the same enthusiasm level is there. it is kind of nuts. this has been pretty good. this investor sentiment number has been really good for

predicting the last four tops. if that is the case, we are not anywhere near it right now. dagen: it is your choice. you invest in an american company and you are part of it. it is a personal decision. charles: it really is. i am going to steal that. connell: i stole some of charles questions yesterday. [ laughter ] connelll thank you. dagen: what you think about so and so and you come back and you repeat exactly what they just said. connell: thank you, charles. bernanke. dagen: he thinks i am a big dummy.

he does not care what i think. [ laughter ] connell: bernanke is expected to speak in the next hour. we will talk to marshall coming up. dagen: martha stuart. the battle over her label. where it will reside continues. jcpenney versus macy's and martha right in the middle. a look at world currencies. a fight over the dollar today. take a look at how the greenback is holding up against major currencies. ♪ how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia

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will ♪ >> i am lauren green with their fox news minute. senate strengthening gun control laws. they may consider a deal that will loosen state firearm laws. they are backing an appeal of a new york loft that restricts caring concealed weapons in public. they will announce monday if they will hear the case in the fall term. three people are dead from the powerful spring storms.

high wind took down trees and power lines in mississippi before the storm moved east to alabama. over in augusta, georgia, there is a 30% chance of rain as the 77th masters is underway. tiger woods is scheduled to tee off at 141 eastern time. those are your headlines. i am lauren green. doctor o'connell and dagen. connell: retail sales falling in the month of march. dagen: gasoline prices falling. that is good news. not all businesses are sharing that same story. jeff flock joins us from chicago to help us break down those numbers. jeff: was it just a cold day about month? interesting story.

we always love to give you the main street take. is it leading to a slowdown in the economy? take a look. gas station spending down 2% in march. that is good, but did that money go somewhere else? on the positive side, furniture and restaurant spending, bar spending also. >> we are an online digital marketplace. we allow you to purchase gift cards. jeff: how do you do? >> we are a website. we have really allowed our local merchants to have an online digital presence. sales may be down in their

stores, people can easily buy gift cards online. jeff: .bohol licks. everything for a dog but addiction. >> overall, the year is doing really well. jeff: they do tend to bounce around a little bit. we have the start of a trend here. maybe, maybe not. it is always good to talk to people. dagen: there is a big smudge on your camera lens. i will bet you a dog either lived or stuck its nose on it. you are in a good place. people will spend a lot of money on their dogs. myself included.

connell: thank you, jeff. dagen: prescription dog food for the dog. guy knows. anyway. we love this story. jcpenney versus macy's. jcpenney seems to be bracing for the worst. connell: bitcoin comes crashing back to earth. there are places now accepting this electronic currency. we will take you to one of those right here in new york city. stocks are down overall, but here are some of the winners on the s&p 500. we will be right back with much more. ♪ are you still sleeping? just wanted to check and make sure that we were on schedule.

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dagen: questioning the fed chairman policy. we debate the success or failure of putting all that money into the economy. one of the biggest exchanges for the online currency, bitcoin. it has been hacked. gold now a bear market territory. i am not smiling. folks are losing their shirts if you bought it high. connell: let's go back to nicole petallides for stocks now. jpmorgan. what about it? nicole: off to a big move here. they have been to the downside for the day. they came out with their quarterly numbers. the london whale, that was obviously a big liability for them. the latest quarter, that helped them along. most of the major businesses turned tepid performances.

we heard what jamie dimon has been saying. loan growth was soft across the industry in the first quarter compared with the fourth quarter. you can see the stock is down about one third of 1%. the banking index is lower today. dagen: thank you. connell: bernanke said to speak about an hour from now. we will bring you any news that comes out of those remarks. dagen: marshall tells us the fed chairman behavior has been alarming. will you go as far to call him dangerous bush and mark david stockman did. do you find the policy dangerous in any way way back anything that prevents risk speculation

it is a problem. dagen: the market will crash. >> that is just another version. we would already be in greek style levels of prosperity. david stockman is a great advocate of fiscal austerity. we are starting to see the signs of what is happening. we have started to prematurely cut back on stimulus. consumer sentiment is very bad. i think we are decelerating. dagen: retail sales were down in large part because gasoline sales are. >> the data had suggested there was an economic slowdown coming.

i think there is likely more to becoming. dagen: to think that stimulus needs to stay in place by the federal government or even more put in in terms of spending? >> look, the federal reserve has engaged in a policy called quantitative easing. it is essentially an asset swap on the fed balance sheet. it does not really contribute to increasing aggregate demand, spending power in the economy. that is the role of fiscal policy. dagen: if you want the federal government to keep spending money, you need interest rates to stay where they are. >> they can set interest rates wherever they would like. you do not go into surgery by conducting it with a meat cleaver. you need a scalpel.

i think the policy, well, there are two things. in many respects, in the late 90s they suggested we cannot predict a bubble. i think he is wrong about that. i think it is irresponsible. in reference to your question, it is even more dangerous. dagen: if you are worried about the fed encouraging risk taking, you have to like in part what the fed has done because it has kept interest rates so low. >> i would be much happier if treasury were, for example, to increase spending. whether you do that through tax cuts or through direct infrastructure. i would be much happier to see the trillions of dollars that have been spent going into the

pockets of mainstream americans. that is the kind of policy i would like to see. >> absolutely. if we are having a debate about tax cuts versus government spending, that is a great kind of debate to have. connell: how do you think this whole thing ends? >> it is possible if we continue on the current trajectory of fiscal policy. we are not getting any growth from overseas. the u.s. consumer has been the last resort. if that is starting to die down, and we do have a problem. dagen: you never answered my question. >> i thought i did.

you can have me on again. dagen: do you want the federal government to spend more money? >> no. i want the treasury. dagen: where will the money come from? >> if interest rates were significantly higher, you also have recipients of that income. it does not necessarily apply. there is a difference between fiscal and monetary policy. dagen: they are interconnected. monetary policy has helped the federal government spend its money. >> not at all. dagen: we would still be able to spend the amount of money we are spending. >> sure. absolutely. absolutely. connell: this is really weird. it almost sounds like you people saying the same thing arguing with each other. >> i do not want to get into an

economic one-on-one lesson. dagen: they are interconnected. the federal reserve has taken on that step of buying in debt. >> i will agree with you on not. connell: that is a good way to end it. dagen: we do not hate marshall. [ laughter ] connell: you've stood up. dagen: actually -- connell: thank you for coming in. good to have you in new york. our good friend, marshall. blackberry says it is just not true. they deny reports of customers returning the new phone. dagen: bitcoin. the market for the digital currency. we will show you a store that lets you play with bitcoin.

ladies, if you are looking for a man, you know where to go. take a look at treasuries. why are interest rates so low? connell: marshall? [ laughter ] dagen: been bernanke. ♪

♪

>> i am lori rothman with your fox business brief. consumer sentiment dropping to a nine month low. americans are even gloomier about the long-term health of the economy. 10% price cut on starbucks will go in effect on or about may 10. exxon mobil chief executive sol 15% paid job last year. his total comp for 2012 cost $40 billion. most of the increase is due to the change in tension values. that is the latest from the fox business network. giving you the power to prosper. ♪ [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes.

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♪ dagen: blackberry denying reports that returns of its new fall, i almost called it an iphone, they are missing the mark. the struggling filmmaker asking to look into reports that claims returns of the phone were exceeding sales. the reports were first made by itg. they sent shares tumbling. they are "absolutely false" claims blackberry. they are up 1% right now. connell: let's get to martha stuart. dagen: florence simonetti is live outside the courthouse here . >> this is an interesting story with developments by the minute.

today a judge is expected to rule whether an estimated $100 million of goods that are just sitting in a warehouse right now intended to be sold under the jcp everyday label could indeed be sold in jcpenney stores and on their websites this spring. those products and all that money in limbo. obviously, jcpenney would need and want those products on their shelves. the issue right now is that macy's, not only sued jcpenney, but sued macy's as well. it is an exclusive deal where she does designs for them. then she went about and have conversations with jcpenney and started designing for them as

well. we await that judges decision. corporation began at 10:00 a.m. at this point, we just have to wait for his ruling. back to you. dagen: thank you so much, lauren. lauren simonetti. though 14 record close for the year for the dowd yesterday. today obviously a little soft. the commodities are getting beat up pretty good. trees don't grow in the sky. things don't last forever. clearly, stocks have pretty much been priced to perfection. that does not leave a lot of room for any disappointment at any level. we are getting a little back

today, but i do not think it is the end of the world. dagen: they, too, are priced for perfection. probably not a lot of upside. what is good here? >> [ laughter ] >> what looks good is the same thing that has looks good for months. you continue to look at these big-cap companies with pristine balance sheet that are paying pristine dividends. it has been a great run. the first couple weeks of april have been terrific. things just do not last indefinitely. one day does not make a negative trend, but, you know, it is okay to have given a little bit back. if you are relatively positive

and remain bullish for whatever reason, then you have to look at these pullbacks as more of a buying opportunity and a selling opportunity. dagen: i love seeing you. thank you for that. be well. >> thank you. connell: all right. goal today. taking a big hit. below $1500 an ounce. dagen: sandra smith has today's trade from the pits of the cme. sandra. sandra: we are teetering right on not $1500 an ounce mark. the yellow metal selling off hard today. gold right now, by the way, in bear market territory. gold right now down 21% from that $1888 mark that it did back in august 2011.

it is in bear market territory. by the way, down on the day, down on the week, down 5% so far this week, down on the month and, obviously, we are significantly down from those recent highs. we are getting strengthening in the u.s. dollar. you also have a play in the equity markets. the investor money coming out of gold into the stock market. people are chasing the dollar. right now they are chasing the gains in the stock market. that money coming out of gold. by the way, silver also down about 5% right now. it is a sellout and commodities across the board. their lowest levels since last july. everything down across the board. gold is believed the spotlight. down $65. back to you. dagen: sandra, thank you for that.

sandra smith. connell: the bitcoin market. we will take you to a bar right here in new york city that is using bitcoin. that is coming up. dagen: they are in on it now. i do not know. i am sure they are nice. no, we do not know that. they might be losers when it comes to creating facebook, but here are some winners today and losers on the nasdaq. ♪ thank you orville and wilbur... ...amelia... neilil 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...

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♪ connell: we have been on it here. grace to crash.

bitcoin plunging more than $200 value in today's. hackers are to blame for this most recent selloff. hit with a denial of service attack just two hours after it resumed trading. that was it. bitcoin recovering some of the losses. despite the extreme volatility, businesses are trying to crash in on this phenomenon. ever is the first establishment here in new york city. it is a bar. you guys except the bit coin as a currency. >> we started doing it a couple of days ago. we installed the system and trained the staff on sunday. i personally am quite in enthusiasts. i am not an expert of any means.

i love the concept. a couple months ago when we first opened, i was making fun of one of my partners about the possibility of bitcoin. it was not until last week that he came up with the technology where we could accept bitcoin. we own that share. we can accept them and get the money right away. connell: alex will be back in the next hour. you said you are and you use the word enthusiasts, you are a bitcoin enthusiasts. there are some that knew about this before a few weeks ago. now, people like us are talking about it. what do you make of all of this?

the craze that surrounded it. are you worried? >> absolutely not. this has absolutely no risk to me as a business owner. i get the million dollars right away. so far does not hold any bitcoin. we just accept them as payment. it is the same thing as someone pays as a credit card. it is actually better for me than a credit card. it always takes a while to get the credit card money. bitcoin, the money is in my bank the next day. also, the processing fee are a fraction of what the credit cards are. connell: why aren't more businesses doing it? >> i do not think that first of all, like you said, most people did not know what bitcoin were in till a few weeks ago.

even now, i feel like, you know, it is in the media and people kind of know what it is, but people do not understand it or realize there is a system they can install and have no risk. connell: you can take us through that system in the next hour. we are going to take a quick break. thanks a lot. we will see you again. dagen: instead of talking about the good, we like talking about the worst companies in america. consumers.com 2013 list is out. connell: stick around for that. dennis kneale and today, tracy byrnes are coming up on markets now. ♪ tdd#: 1-800-345-2550 opportunities are waiting to be found in faraway places.

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no more madness. retail sales took the biggest dive in nine months. but still, abe all who says dow 15,000 is not far away. dennis: the value of bitcoins is plunging. tracy: and the worst companies in america. the list is out and we have the results. one guess on who is on top. but stocks as they do every 15 minutes, nicole petallides. nicole: a market selling off across the board. dow jones industrial down 28 points about two tenths of 1%. nasdaq down one half of 1%. drug stocks, bank stocks pulling down the index holding up pretty nicely given retail sales were weak. also look at a couple of tanks names making moves. coming up with the numbers this

morning. wells fargo down 1.7%, jpmorgan lowered despite raising the dividend down two tenths of 1%. we saw their net up 33% on investment banking and wells fargo cfo saying they are bullish on mortgage, but revenue and margins are likely to come down. so down arrow down almost 2% on the day. back to you. tracy: thank you, nicole. disappointing retail sales numbers out this morning for march showing the biggest fall since last june. joining us from chicago to break down the numbers. oh, my god. jeff: hear that? the sound of the economy in march in terms of retail sales. take a look at the specifics, the main street tape, what was down.

gas station spending doejçr that was kind of a good thing because gas prices were lower. electronic spending down. department store spending down, sporting goods, music, books, that kind of a thing. for a new startup, giftbar. what do you do? >> learn online gift card marketplace. on-demand gift cards. jeff: you have been seeing an uptick. a shop in the north side of chicago if you look on the floor you see a lot of dogs. you have been seeing an uptick, do you have reason to be worried about this economy? >> not at all. we talk a lot of them, they see sales go up. a unique product they have to offer makes it an experience as well. jeff: take a look at some of those retail sales.

take a look at the retail stocks kind of mixed today, that reflects it, sort of mixed feeling about this. the numbers bounce around from month to month. something of a trend or not. and this is your dog, isn't it? >> yeah. jeff: the most well fed dogs in america today. tracy: an excuse to squeeze a rubber chicken on air again, i would take it. jeff: keeping an eye on the economy. tracy: should retail still be part of your portfolio? joining us, president of imperial wealth management. i am glad to hear you still think this market has room to run, but let's talk about the retail sector first because the consumer is supposed to be the engine of the economy, right? if the consumer is on the sidelines, what happens to the economy?

>> that is it, if the consumers have less discretionary income to spend, the economy is going to suffer as a whole, but i think there are some positive signs on the horizon, tracy. there's a lot of cash on the sidelines as far as the market is concerned. and the consumer has seen an increase in california in their home prices, giving a renewed confidence. tracy: or maybe it is because of the added liquidity, you don't fight the fed, you should be in it to win it. you say you will stay in the market as long as they remain free. what does that mean? >> absolutely. limited transition, it is not about being in the market for the short-term or getting out of this crisis are getting back in

again, the market is a long-term wealth creation tool and it is the best in the world. investing in something and getting a higher rate of return in your savings account. even if it is was i free, it is better than anything else out there. they are invested fully for the long-term. that also means we have money on the sidelines and little bit, we do have the crises coming up m may 27, or the debt ceiling issue, our clients can put more money they can find a discount. tracy: a good reminder to everybody they should have three to six months living expenses on the side, don't touch it. we have forgotten about that over the last couple of years because everybody is reaching into the couch for clients to pay the bills. you say you are in 44 countries, 12,000 stocks in your portfolio.

how do you manage that many? how do you manage all of that? i can't keep track of my three kids. >> i have for kids, so i'm right there with you. and av clients. we use high efficiency oriented mutual funds to house the difference in stocks over the world. 12,000 different stocks, but we also, tracy, told the portfolio to that large value or the value orientation. the book value is $5 but the market $2.50. there is an intrinsic value. adding two to three basis points over time to my clients portfolios. we are fully invested all across the united states and globally in 244 different countries but we told the value to add a little extra boost for the long-term for my clients. tracy: your two largest holdings, at&t and ge, both kind

of consumer plays, aren't they? >> there are, but tried and true makes it. at&t at 4.7% dividend and ge 3.77. both very, very solid companies. weathering the storm of a dip in the market. you don't have to decide if you are in and out. you can be in the market for the long-term wealth accumulation and not have to play that speculation game of being in or out of the market. if you can't look forward, look in the reviewe rearview mirror. tracy: amen, sister. thank you for being with us. >> take care. dennis: beware of investing in chinese companies even if they they're listed on u.s. stock exchanges so says our next guest. joining us now from chicago. thank you for being with us, happy friday.

please, state your opening argument, sir. >> investing is kind of like the wild wild west. i compare it to walking through a landmine. imagine investing in american companies in the 1930s without securities and exchange commission, without a sarbanes-oxley, generally accepted accounting principles that we so cherish in this country. it is extraordinarily risky and some of the smartest minds on wall street including john paulson and hank greenberg have gotten burned in chinese companies. so you have to be extraordinarily careful when investing in these companies, even if they're listed on american exchanges. dennis: well done, sir. that litany of things the chinese companies don't have, sec, sarbanes-oxley, we thought we would wipe that out when a chinese company is allowed to list on the nasdaq, the new york stock exchange. why is it that doesn't protect me? >> it doesn't, that is a great point.

the exchanges in addition to the companies listed deserve a lot of the blame. you expect when a company is listed on an american exchange, there is due diligence. unfortunately we just haven't seen that. part of the problem is china has been so uncooperative with mary shapiro, and americans in general in providing those detailed numbers. it is certainly not a guarantee in any way whatsoever. dennis: you can propose a sledgehammer solution to the fearful problem, don't ever invest in any chinese company at all. isn't it kind of a drastic solution for freddie katz, how about somebody decides to do their research. doing business with a chinese company that is doing very good, maybe you have a little trustee can buy the company, you are causing investors to miss out on opportunity at a time when the manufacturing growth more than doubled expectations and could

be coming out of a slump, but you say no, don't ever invest in any chinese stocks ever? >> actually individual stocks, absolutely not. if you're going to do it, do it through a mutual fund. the smartest minds on wall street including our top hedge fund managers are getting burned investing in individual stocks. i hardly think the retail investor with the average investor in america is going to do it. it is a sucker's play, if you're going to do it, look at an exchange traded fund, index fund and make sure you have 100, 200, 300 different stocks so if something goes wrong, and we all know what happens with chinese companies, at least you're not losing with a lot of money. dennis: it sounds like you have experience in this committee got ripped off with some chinese company. what about the idea the entire china stock market is set for a big rally, i'm going to buy that and play it. i don't need to buy a company i

believe in, just a stock price that will go higher. >> i love it if you are indeed talking about a mutual fund. i think it is a great play, great idea. i like it myself. the warning i'm trying to get out there is watch out for those individual companies. invest in a whole bunch, preferably a professionally managed index that a lot of people, make sure you're not like so many people who've lost billions of dollars. the sec showed losses are $20 billion, that is the same amount lost in the bernie madoff scam. so you have to be careful. dennis: we are going to let you get away without explaining the utter contradiction between don't ever buy any giant stock and instead if you must, invest in mutual funds made up of hundreds of china stocks. have a good weekend. he was great. tracy: yes, very. decision day in the battle between macy's and jcpenney over martha stuart.

and we are live outside the courthouse next. dennis: and, gold getting clobbered. officially maybe entering into a bear market. we are live at the cme with that. and as we do every day at this time, oil weig way down. all stations come over to mission a for a final go.

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tracy: let's take a look at your dow 30. morway more red than green. mcdonald's, don't know why we call that a discretionary, it should be a staples, don't you think, dennis? dennis: for many people it is. time to make money with charles payne. looking at toll brothers. charles: not the chocolate chips. although those are good too. this is one of the most unloved

of the homebuilders. they do the more expensive homes, they really set themselves apart. they went to neutral on them versus negative, but most of the street doesn't like it. that is how you create opportunity for most traditional valuation metrics are in line with a paid ratio. doing very well in my mind, he saw home depot, you just mentioned that one, bed, bath, and beyond up really big, this housing area monday within it some profit-taking, i like the risk/reward on toll brothers. dennis: generally up 30, 40% in the last year because of the better realistic numbers. aren't we at a point now we better see some really good data before they can do a setup? charles: we do need to see the virginity of the housing rally because it has just been investors and flippers.

first-time buyers were only 30% of buyers. a year ago they were 32%. the needle has to move. smart money gets into these, the stock went up sort of consolidate the gains and to your point i think that will be the move higher. tracy: we're talking about material stocks. charles: with lumbar liquidato liquidators. tracy: stocks like that, maybe we are not building homes yet, we have not taken off but you are fixing up what you have. charles: home depot, lowes, pier one. you can view the entire universe. tracy: they were the only things we saw positive. charles: absolutely. dennis: the last in your favor is the inventory of unsold homes depresses new-home buildings, it

is way down. charles: the pricing we're not getting any real traction, but that is because still organic growth, the first-time home buyer has not been sparked, but i think they will be very soon. dennis: thank you very much. tracy: jcpenney and martha stuart could be the big losers with macy's today. live at the courthouse next. dennis: the latest on who is leading the masters ahead in your fox news minutes. the dollar is up and strong with all the red down arrows. we went out and asked people a simple question:

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>> 22 minutes past the hour, this is your fox news minutes. north carolina university in pittsburgh under lockdown on reports of a man with a rifle on campus. university police department conducting conducting its camp in white shirt campuswide searc.

they have pinned down these school and faculty. the supreme court is meeting today and an appeal that would loosen state firearms laws. the nra in 20 states are backing an appeal of a new york law that restricts carrying concealed weapons in public. they could announce by monday if it will hear the course in the fall term. in augusta georgia the second round of the 77th masters is well underway. the australian is alone at the top of the leaderboard and will tee off soon. tiger woods scheduled to tee off next hour. those are your headlines. now back to tracy. tracy: thank you very much. a judge is set to rule today over whether jcpenney can have martha stuart products on its store shelves. lauren simonetti live from outside the courthouse getting soaked here in new york city with the latest.

god bless your soul, what is going on? lauren: good afternoon, tracy. the judge wants to discuss very quickly we can wrap this up and determine if jcpenney can in fact sellwood is estimated to be $100 million worth of home good designed by the home depot martha stuart expected to his jcpenney stores this spring. jcpenney wants to sell them, they need the money and these are promising products. former ceo ron johnson entered the deal with martha stuart to have her designed for jcpenney. they really wanted to expand their home business. he said by next month, 46% of jcpenney stores are supposed to be remodeled in the new-home design. so they need these products on their website, and that will decide if they can have these

products. martha stuart, tracy, in many ways is a two timer. she had a deal in 2006 with macy's, i goes until 2018 to design products specifically for macy's. and then began talking to ron johnson and inked another deal. lots of language and specifications being discussed by all the attorneys in the courtroom behind me to see if there's a difference between design and manufacture, etc. and what in fact happened so the warehouse of goods that jcpenney's wants to sell. a lot of people want to buy. tracy: a judge could say you have to buy your stuff back because jcpenney can't sell it. this is a pretty historic moment.

thank you for reporting, girl. dennis: martha stuart hasn't felt this love in a long time. jpmorgan wells fargo posting first-quarter profits, but mortgage banking income dropping. we're joined by melissa and lori on why he is still bullish on those stocks. tracy: of the latest announcement from ben bernanke. you cannot afford to miss these. dennis: consumerist.com 2013 list is out with the worst companies. we have the results. but first, s&p winners and losers. ♪

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this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. tracy: we have some breaking news for you, ben bernanke speaking at a conference right now. his first public appearance since the fed released the march minutes a little early. rich edson in washington with the details. rich: good afternoon, tracy. no mention of the accidental release. speaking on the developments. he mentioned substantial developments to provide access to adequate nutrition, health care education and day care for community redevelopment. this is only a few days at the federal reserve released the minutes of its latest several open market committee meeting a day early.

the sentiment is more than 100 congressional staffers and officials at private trade associations. the securities and exchange commission is looking into the incident and the sec tells us only the fed contacted them about the early release and officials at the sec appreciate that. tracy: i bet they do. thank you. that's great. you have a great weekend, sir. all right, it's time for stocks now. nicole, what's the latest on starbucks? don't tell me, they closed down, can't buy any more coffee. nicole: if starbucks closed down, i closed down. i want to talk about prices of coffee, tracy. what we're seeing is the war in the grocery store. what we have seen his the actually lowered their prices by 6% and that was in february. starbucks is lowering their

ground coffee by the bag in the grocery store by about 10%. 12 ounces will be $8.99 instead of $9.99. obviously a competitive game. if you want to buy a cup of coffee at starbucks, that will be the same. i'm just talking but if you are shopping in the grocery stores, it could be a little cheaper. tracy: it is not often a pass on savings to us customers. i think it is a feather in their cap. we will see you in two minutes. dennis: it is a bold statement, the worst compan company in amet consumerist.com 2013 list is out and we have the results. number four, ticketmaster. and then the third worst company in america, comcast. the second worst company in america, bank of america. and for the very worst company in america we headed to philadelphia now and

consumers.com deputy editor. which company tops that list? >> for the second year in a row the big video game publisher electronic arts, or ea. dennis: why is that? >> i think it is a message to the videogame industry it is a mammoth business, multi-billion dollars business. ea alone has something like 50 million customers if not more. just subscribed to their online playing services. they have all the biggest titl titles. people are sick of being nickel and dime. ea has made it quite clear that is their plan with all the add-on content. they put out in complete games and people are sick of that. dennis: something i wanted to point out that i don't quite understand. if you look at it, chris, all of the four companies in terms of returning wealth to their shareholders, your stock price

cannot go up if your make a terrible product. electronic arts up, ticketmaster up 46% in six months, comcast up 40%, bank of america up 33% in a year. consumer reports your nonprofit website, they are famous for testing hundreds of products rigorously, never even taking a free sample. what was your methodology in your survey to come up with what you came up with? company whose stock prices up so much cannot be the worst company in america. >> it depends on what you consider the worst company in america. we are consumer base, not investors. it has nothing to do with stock prices or return on investment, it is about consumers. all the companies have to be consumer face and sell it good or service to the consumer. dennis: tell us about that. >> it is structured like the

ncaa brackets. readers nominate companies and we take the 32 most nominated and put them into their brackets like the ncaa. dennis: isn't this ultimately a battle of haters? tell us who is the worst company, aren't we kind of skewing the results toward a battle of haters? do you guys ever do an annual survey of the best companies in america based on this? >> we do other things. we don't do it best because that would be seen as endorsing a company. it is done in fun, but we have done it for eight years in a way for consumers to band together and send a message to the company. it is about sending a message.

dennis: the companies who work so hard to return wealthy shareholders and make good products, they don't think it is very fun and the thought an interview of the best companies of america is somehow biased or skewed, but this isn't this kind of curious. but thank you for sharing a result, it looks like a fun poll. good day. >> a good day to you. tracy: blackberry, nine reports that reports are missing the mark of their new z10 phone. asking probe reports which claimed that turns off the phone exceeded sales. that is not good. reports first made by investment research sending shares tumbling. they called the claims absolutely false. shares are actually up slightly hanging out $13.72. dennis: from a company comes out and says somebody said something

bad about us, seems trouble for company in this much trouble. let's talk bitcoins, baby. taking a digital payment as currency for alcohol. tracy: sandra smith at the cme if you should buy, sell or hold. dow down 39-point because of her 10-year treasury down two basis points. we will be right back. this is america.

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for more than $8 billion as part of that deal, home depot owns 12.5% stake in the company. goldman sachs ceo lloyd played finlloyd blank line down from te more than 60 million he got in . twitter is reportedly getting ready to launch a stand-alone music application. her music could come as soon as today. allowing users to listen to music by third party including

video capabilities as well. that is the latest from the fox business network giving you the power to prosper. @

dennis: from craze to crash. that claim, the value plunging by $211 in value in less than two days. hackers are to blame for most of the selloff. last o digital currency major exchange was hit by hackers. bitcoins recovering some of those losses. trading the digital currency now about $72. so despite the extreme volatility, businesses still try to cash in on the phenomenon. the first establishment in new york city to accept bitcoins as real currency, we are live now from the midtown manhattan

club with two of the operating owners. thank you for being with us, gentlemen. can you just tell me how this works in your bar? >> it is pretty simple, we have an app on the tablet over here, it is called bitpay. we can accept bitcoins to get the money in dollars almost simultaneously. it does not affect us at all. it is pretty simple. you put in the order number, for arguments sake lets say the number is 444. i will say you are buying a $10 drink, so you put in the u.s. dollars amount. you click the bitcoins checkout,

it loads a virtual receipt that converts the dollar amount and loads a qr code. some have bitcoin wallet on your phone. you can scan the qr code. dennis: if i can just break and point out there is this old saying, too much sugar for a dime. isn't it easier to just take out a $20 bill? aren't they going in the wrong direction? >> i disagree because first of all privacy is really the main reason people use bitcoin. dennis: i don't need privacy when i buy a beer. >> absolutely. if you are out getting wasted and you don't necessarily want your wife looking through your credit card receipts, this is the perfect way to do it.

dennis: and so is cash. if i went into your bar to buy a beer with bitcoin, with the valuing it at $266 from a few days ago for $72, which are you bellowing it tonighvaluing it? speak of there is no currency rate from our view because what it is $1 or 266 u.s. dollars still it converts it right away to cash for us, that advantage that we don't have to wait for credit card processing two to three to four days for our account. dennis: at what conversion rate does it turn it into cash for you? >> it at a medically converts it on the up. >> it is based on the current value. you have to remember before it got mainstream speculation it

was at 60, so still up from where it used to be in the last two weeks. dennis: how many people so far have used bitcoin? >> we have had about a dozen users so far. a lot of people have bitcoins and they have only been able to use them online until now, but now they have an actual place in the real world to use it. dennis: you guys are pioneers. thank you for being with us. >> thank you for having us. tracy: pioneers about hiding things from your wallet. a novel idea. a quarter until, time for stocks and thank god we will be joined from the floor of the exchange. so good to see you. we are kicking off earnings for the banks today, jpmorgan, wells fargo, generally how goes the financials so goes the

market. what happens if the earnings don't come in well? >> it could be problematical, stocks are pretty much priced to perfection. one heck of a run for the last three months and a couple of weeks into the year. all of the popular averages with the exceptions of the nasdaq are trading at all new all-time highs. does not leave room for error, tracy. tracy: it sure doesn't. expectations are so low. thank you, you have a great weekend. dennis: there could be room for an upside. we're going to stay here, go there. laying off 1000 of the sales reps in the u.s. at eli lilly. cutting costs and better for generic competition when a drug company cuts sales, that is big. accounting for 30% of the salesforce, a key weapon in competition between drug makers that will be completed by july.

eli lilly hitting a 52-week high on news of cutting sales. right now down a teensy bit but still 52-week high. very good. tv networks spending a fortune to embrace the internet, but is anybody watching on their computers? tracy: gold is totally heading into bear market territory, so what should your next move be? the dow down 31 points, look at that, biotech up about 4%. we will be right back. all stations come over to mission a for a final go. this is for real this time. step seven point two one two.

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dennis: almost 90% of viewers watch tv with one second screen device in hand. the tv networks invited to attract, more apps, voting, what a new survey finds most of us have never bothered to use a network new features at all. 53% of second screen viewers have never done it. only 20% shop for a product with an added on the show they're watching and that is the ever two price of green. so it's all this effort by the network, it is wasted or is it a smart move to get out in front? his answer to both questions, maybe. for inspiring actress, what can be worse than getting ousted for

lying about your age? the girl who sued amazon imdb for publishing her age, amazon said she had lied twice about her age, she says the database printed her true age from her credit card records after she signed up for his objection to imdb and charged it. tracy: who cares, be who you are. dennis: easy for you to say. tracy: i am old too. who cares. gold is getting clobbered with the precious metal at the lowest level since july 2007. in the pits of the cme. >> it is pretty crazy what is going on right now. a selloff across the board, commodities and the stock market into the u.s. dollar. you have crude, gold, copper, energy across-the-board, major selloff, lower price for commodities collectively since july.

it comes down to gold and silver both getting clobbered. silver take as much of a hit down 5% in today's session. gold dipped below $1500 per troy ounce, down $60 sitting just above that $1500 mark. now officially in bear market territory meaning it has dropped more than 20% from the recent all-time high which was 1888 per troy ounce in august 2011. we are in that bear market territory. this is all about capital flows. they are watching money from all parts of the globe going into the u.s. dollar, a reversal of the trade we have seen in recent years and out of gold. the stronger u.s. dollar, will the selloff continued?

people who got into gold prices below $1500 per ounce, 14, 1450, they will get shaken out of the market. he believes it is realistic gold could top that. tracy: see you next hour. dennis: all of those guys recommended cold. tracy: gold 5000. we heard it all at one point. dennis: a "wall street journal" nbc poll says 68% of americans cite "making ends meet" as the top worry. back then they stated childrearing their big concern. people being more worried now is a good thing instead of thinking not at all about it the way they

were. tracy: what is their biggest concern today? dennis: effect of making ends meet financially. tracy: because of the kids. forget keeping her wedding dress in the closet, one company helps you put money back in your pocket after the big day. dennis: new worries a refinance boom could turn into a bust for banks. joining melissa and lori with the red flags for the quarter. jim sinegal will be with them. before copd...

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symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'd miss our family tradition. now symbicort significantly improves my lung nction, starting within 5 minutes. and that makes a difference in my breathing. today, we're ready for whaver swims our way. ask your doctor aut symbicort. i got my first prescription free. call or cck to learn more. [ male announcer ] if you n't afrd your medication, astrazeneca may be able to help. dennis: america's worst companies. that is what the website came on and talked about today. i just want to say, was it really fair? all four of those companies have stock prices up hugely. they return wealth to

shareholders. lori: they have no good deeds. why wasn't carnival on the list for gerard why was it locked area on the list? melissa: we will hop right on that. thank you. lori: we are capitalists. good afternoon. i am lori rothman. melissa: i am melissa francis. we are digging into jpmorgan and wells fargo reports. we have an analyst, jim sinegal, joining us with his red flag. blackberry firing back against claims the z10 is a