day bombing a saudi national is questioned. an apartment searched and no charges, no claim of responsibility. boston and america are open for business. we never closed. right now, we're going to take you to the new york stock exchange where they're about to observe a minute of silence [moment of silence]

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>> a couple of minute for the opening bell. here is what your money looks like after the big drop. a solid bounce back for stocks. with we've got good news for the dow and sending futures up 140 points. we'll be triple digits higher at the open. gold, that's higher, but nothing like the recovery we're seeing in stocks. $34 an ounce, up for gold, still right there below 1400 an ounce. now look at oil. we're down at $88 a barrel,

that's where we stand. we're looking at your money, the day after the attack in boston. and here is my take on boston's patriot day terror attack. when your country is hit by terrorists, you run through a series of emotions, shock at the event, horror at the deaths and injuries, disgust for the whole notion of terror and anger at the people who did it whom so ever they may be, admiration, yes, admiration for the men and women who ran to the scene. i'm sure you've seen the videotape, it is chaos. the blast has knocked people down and smoke rising and hear the screams and yet, people are running to the center of the mayhem, many are in uniform, police, fire, medical people and even though they must surely know that terrorists often time a second and third blast to hit the first responders of the of the there they are, going straight at it.

training helps, you can train for years and still lack the bravery to put your own life at risk. those people clearly had what it takes. not sure i could do that, but i know bravely when i see it and i admire it, with men and women like that, america will always be open for business. everybody has different investment objectives, ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consir it carefully before investing. risk includes possible loss of principal.

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>> we're just a minute from the opening bell and joining the company from chicago is scott shellady. scott, i'm looking at the way the market is going to open and looking for triple digit gain for the dow industrials. that's a bounce. are you buying it? >> yeah, i think it's a bounce and for all of the people looking for some way to get in the market, unfortunately yesterday was the day to do that. so, we might vacillate for a while and could see it trend lower from the opening levels, but yesterday was the day to get in on the bounce that we're having. ultimately this is going to be a good thing. stuart: real fast, no serious bounce for the commodities to oil, gold, wheat, to corn, nothing there. >> no, the real story is gold, we're going to suffer from a european hangover with the central banks in europe maybe having to sell their own gold to bailing themselves out. i think that's the real story and that's why the gold market

languish and killed and that's going to continue. stuart: that's a crash and i'm calling it crash and i think that's legitimate. >> absolutely. stuart: in ten seconds we're expecting a triple-digit gain for the dow. a couple of news items that help trading today. housing stocks. we're building over a million new homes a year, best gain -- or best level, i should say, since june of 2008. that's a plus for the market. all right, we're off and running and here we go, the opening trend is higher and that puts the dow citi moment just above 14,600. we'll watch the progress and i'm going to see a lot of green, i think, in the next couple of minutes. i want to go to nicole, you got there early on the floor of the exchange. tell us about security today. >> well, this is a place of heightened security anyway and of course now we're seeing more nypd police officers outside, a couple of experiences that i'm hearing from people coming in, one person talking about the fact that they're using swabs to

swabs backpacks at penn station, and they swab them and see if there's an explosive device and chemical residue and that's something i saw as i was coming down broadway in a car. the car in front of me, the truck in front of me was pulled to the side to be checked. at the same time this is an area that obviously has been through terror attacks and is a highly secured area and there are often single lanes and often are pullovers where the trucks are checked and streets and the like actually come up from the ground. and the perimeter of the nyse is extremely safe. stuart: thanks, we'll be back to you shortly with more on the stock market and tell you it's opened. we're up 77 points. i'm scanning the s&p 500 and what i'm seeing is a sea of green. i've got big names, you know are helping the market. and coca-cola is trade some of

the territory to bottlers. and j&j apparently was expected to be worse, so up goes the stock, 82 on j & j both of those helping the dow which is now up close on 100 points. all right, everybody, i know where you are, you're waking up. you want to know the latest on the boston terror attack and rich edson has that for us. rich, i want to know who is being questioned and where did they search? >> the fbi say they're questioning many people although one person of interest, a 20-year-old saudi here on a u.s. student visa and searched his apartment last evening and a fbi official telling nothing of concern in the apartment search. stuart: no charges, no arrests at this point, correct? >> not even calling him a suspect, stuart. stuart: okay. rich edson with the latest there, thank you very much, rich. now, what happened in boston,

i'm going to say was a terror attack on a soft-impossible to defend target. is it the new broader threat we're all facing now? a big question for our next guest, kt mcfarland. look the at gold, we're open for business, still shy of 1400 an ounce after i'm calling it a crash in the last two days. 1393 right now. i'm going to bring in stephanie ames, she is the only list who sees gold at the $1265 level in the next three months and she made that forecast last thursday before the crash. stephanie ames with societe generale. make your case, stephanie. why do you see gold at 1265 soon? >> hello, yeah, we can see a change of tact in the gold market because in the end, you know, from the lows of 1999 up to the top of 2011, prices have

been a bit stalling between a 300 range and then indeed last friday came the break below that, $300 range. so we've seen exactly the kind of change of tact. stuart: stephanie, this is not necessarily supply and demand, it's not inflation. you think this is kind of internal to the market, time to sell down to 1200, that's it? >> yeah, exactly. we see that and you know, the further you go lower, the more you attract fresh new sellers into the market and for a time now we've seen opening interest in the options and futures market and this is characteristic of selling that we've seen in the recent days because --. stuart: well, i called it a crash and i think it's legit. >> it is. stuart: if you're looking for 1200, that level, that would be a crash and a half. all right, stephanie aymes,

societe generale, thank you for joining us. >> thank you. stuart: i want to bring in ed butowsky. you were listening, what do you think about a 1200 per ounce forecast for gold in the next couple of moments? >> i think she's spot on. it's everything as you said, it's within the market and not the macro pictures. it's market calls and last night there was a big selloff toward the end. and talking to guys who trade gold, they were afraid the raising the margin requirements and a lot of panicked and today they didn't raise the margin requirements. and you see buyers. the big picture you could see this and inflation is everywhere and let's start buying. stuart: i don't think they're going to say that inflation is everywhere, i don't see it. that's another story entirely. >> i don't know. yeah, that's a whole different story. stuart: i just don't see it, ed, i know you do-- >> no, no, stuart. i'm not saying that. i'm saying it could go either way, i'm not saying there could

be inflation or not inflation. i'm saying that the trading this have commodity is about resistance of support levels and a and-- >> we're at 33 higher well shy of 1400. let's move on to stocks, almost a triple-digit open for the dow industrials and looks like the big name stocks that pay dividends are that making the best gains. you like the stocks? >> i love them. with interest rates as low as they are, and the nice dividend paying stocks, absolutely a great place to go. it's very safe and there's a lot of good forecast for those numbers, so the numbers are very solid and the earnings expectations are solid for the stocks. stuart: all right, ed butowsky, thank you very much indeed. show me the big board. now we're up 103 points and about what we were expecting or maybe a little better than that. this is a bounceback.

we were down 265 yesterday and now we're up 110, that puts us back at 14-7 for the dow. back to nicole, i want to talk about microsoft, everyone knows i own some of that. morgan stanley upgraded. nicole: a move to the upside. it's off the high already and it was upgraded from an overweight from equal at morgan stanley and had a price target of $36, certainly a winner on the dow jones industrials, as we saw the dow up over 100 points obviously recouping some of yesterday's numbers. you have johnson & johnson and coca-cola. and positive comments on boeing, wal-mart, exxon and microsoft and now what? i'm going to go ahead and throw mcdonald's in there, too, so there are so many stories for the dow stocks, a winning day so far. stuart: the story after seven minutes' worth of business the stocks have a nice bounce, 116

up for the dow jones average. gold does not have that kind of bounce. it's still shy of 1400 an ounce. so, as we come back after yesterday's big selloff in both markets, it's the dow that's coming back a bit better than the price of gold. and by the way, all 30 of the dow 30 stocks are now green. that means they're up. let me give you the 7 early movers this tuesday morning. lower profits better than expected at j&j, a dow stock and j&j is up this morning. a good housing starts number, that's good for home builders and sure enough up goes one of them, pulte group, they're up. disappointing from the telecom, net gear, they're down 3% there. and yahoo! reports after the close today, shares already near a four-year high. 24 bucks on yahoo!. investment banking giving goldman sachs profits a boost buff goldman dead flat on that. a disappointing outlook from the hospital manager, hca holdings

and they're down just a little and we have intel, they're posting their reports after the bell today, another decline in sales, another decline in profits is expected, intel sitting right there as it always does. $21 per share. to the big board, 117 points higher is this market bounces a little from the big selloff yesterday. all right, we say it every day, time is money and we're jam packed today. dr. keith ablow on the american psyche after the latest terror attack on what i'm calling a soft, very hard to defend target. and also, someone who says dish network's move to buy sprint could revolutionize your tv and your phone experience. that's interesting. and we'll talk to the first ever space tourist. he's raising at least a billion dollars to send a couple to mars and back. will they sue for divorce when they get back? we shall see. nearly 9 million collect social

security disability. that's a record. why is this happening? after the break our next guest says it's not people gaming the system. it's not fraud. it's not fake back pain. so what is it? he makes his case after this. clients aralways learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies."

are you still sleeping? just wanted to check and make sure that we were on schedule.

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>> all right. let's be clear in the early morning this tuesday morning, we have a bounce for stocks, but by no means have you been made whole. we're up 112 after being down 265 yesterday. you're certainly not made whole with the price of gold. we're way shy of 1400, bouncing back 30 bucks, but nothing to really bounce back from the big drop yesterday and the price of oil, it continues its decline, we are we're now just holding barely above $88 a barrel, that's the market situation on this, the day after. here on "varney & company" we have been talking a lot about the explosion and social

security disability. my next guest says it's all about demographics. dean baker is here from the center for economic and policy research. make your case, it's demographics, not fraud, not back pain, not mood disorders. >> and people are disabled in their 50's and 60's, than the 20's and 30's. and the 50's and 60's, high disability years. this was predicted i went back to 1996 and looked at predictions from the trustees and running somewhat less than projected. that of course changed with the down turn, we had an explosion of disability after the economy collapsed, but that's, you know, people couldn't find work a lot of people with disabilities shouldly might have been able to work with a bad back and now no one wants to hire someone with a bad back and they filed for disabilities. stuart: and here is what i have a hard time around, 15% of

people on disability or claiming disability are for mood disorders. i can't square that with my concept of being disabled. 29% of claimants are saying they've got musculoskeletal problems and that's basically back pain. you can't proof that you've got back pain or not. if i declare that i'm an alcoholic or a drug addict, i can get disability. >> no, you can't, actually, you cannot. stuart: okay. >> you cannot get it for being an alcoholic or a drug addict. the other two cases, look, 60% of people who apply for disability are turned down. mood disorders, you know, you have people that are manically depressant, you might want to dismiss that, you have people that can't get out of bed, you're not one of them, i'm not one of them, and you want to make fun of people for that. stuart: no, no, honestly, i would not do that. of course there are people who are did he legitimately claiming disability because they legitimately have a problem. but are you telling me that

there's no fraud in the system-- >> absolutely. stuart: that the level of fraud -- gaming the system, let's put it like that, has gone up as you accept new forms of disability and in the aftermath of the huge recession of '08 and '09? >> we aren't accepting new forms of disability one thing to make clear, but you know, we have data on this. there was a recent study from university of michigan and carefully done. people considered marginal cases with mood disorders and bad backs, they weren't dying of cancer, they were considered marginal cases and a lot of them were turned down and they said, suppose all of them had been turned down, what percent of this marginal case would work and they found after two years, roughly 28%, a bit over a quarter of this quarter would work. but after four years, that's all of just 18%, less than 1/5 of this quarter. so, look, there are no doubt cases of fraud, in so far as you

can identify them, great, get t them off the program you don't want to throw off people dying of cancer with the person faking a bad back. stuart: i'm with you. i'm looking for areas of agreement. i think we can agree on this, the social security section, program runs out of money in 2016. i believe that's accurate. >> that's right, disability as a designated tax and i should know the number, 1.8% half on the employee, half on the employer. this is predicted decades ago and we're pretty much on course and what we've done in the past is we've borrowed between the disability and the old age trust fund. you can do that. we did that back in '82 when the old age fund was literally out of money for a period of time. that's not a longer term solution. i mean, we're going to have to figure out do you want more revenue, but again, i'm all for cracking down on fraud, i don't know anyone who isn't, but you don't want to have terminal cancer patients dying before he they get their disability. >> yes, sir, that's a given.

dean baker, think very much. i'm sorry we're pressed for time and i've got to get the one update in for you about the bombing in boston. there were two and only two devices found. no additional threats have been received. no unexploded devices were found. okay. now this. the amount of u.s. debt owned by foreigners is at a record level and the chinese own the biggest chunk. liz macdonald, charles payne, they're here with the numbers and the market update of course in a moment.

>> all right. this from the fbi. there were two and only two explosive devices and they were the the ones that exploded in boston yesterday. no unexploded devices were found. it remains an active investigation, of course. please take a look at this number, it is huge, 5.6 trillion dollars, that's how much of our debt is owned by foreigners, liz, what's going on. liz: that's a record level. 14 straight monthly increases. china is not pairing back and it's going to increase holdings

more sovereign wealth, and hedge funds as well. the and bank of japan has jacked up monetary easing selling a lot of bonds and people are running away from those bonds. stuart: so they're financing our overspending in large part. liz: yes. stuart: charles. charles: i don't think that the needle has moved much. what i'm worried about is the fed and social security. ultimately this money will be paid back in watered down dollars. if you put social security money in and it's paid back in the futures in dollars that are worth less. stuart: you're saying the fed is buying a chunk of our debt. charles: as printed a trillion dollars a year, and a little over the last five years. liz: if the u.s. owns 65% of the debt, including your social security. so that has to be noted, too, the balance is from foreigners. stuart: let me check the big board fast. hovering around 14,700. we're 100 points higher tan

yesterday's close. and now look at gold, it crashed the in last couple of days and look now, we're up only $22 that's not much of a bounce, is it? high profile, soft targets, is this the latest battle ground in the war on terror? we're following that and this market rally in a brand new hour of "varney & company," which comes up next. with the spark miles card from capital one,

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is "varney & company" on the day after. we can report some recovery for stocks. your 401(k) is not being made whole, but the dow is back up almost triple digits and you cannot say the same thing for gold after the crash, well below the $1400 level and now look at oil, please. that, too, is staying well below $90 a barrel and 88 is where we're at. and in boston. a 20-year-old saudi national has been questioned and an apartment searched, no charges, no arrests. we've said it before and we'll say it again. america is open for business. we never closed. top of the hour, the latest from boston. the fbi has confirmed that there were two and only two explosive twices at the marathon. no additional unexploded devices were found. any reports of additional devices false.

and this is an active investigation, but no other known additional threats. according to reports, police are talk to go a 20-year-old saudi national near the scene of the bombings. he's considered a person of interest, still questioned by the police. joining us now is kt mcfarland national security analyst and fox news contributor. i say this is a worrying new turn because this is an attack by whomsoever on a soft and hard to defend high profile target. >> yeah, you're right. what happens with terrorists, they're like dirty sewer water, they'll always find the path of least resistance and in the united states our airports are protected, our public buildings are protected, our military installations are impossible to breach unless from the inside, so where do they go, civilian soft targets, women and children. as long as they don't care whether they kill innocent women and children and civilians and as long as they don't care

whether they kill themselves, they can go anyplace, i'd be surprised that we haven't seen a lot more of this stuff in the last five years, shopping centers. football games, homecoming parades, we haven't. stuart: but you can't defend a 26 mile marathon. you can't defend every shopping mall in america. you can't defend a sporting event. you really can't do that. >> you can't. stuart: what are we going to do. >> i think we'll see a lot more of it. how do you expect yourself? obviously the nypd, for example, the new york police department that's the gold standard, they follow their leads and resources and police commissioner ray kelly says we think we stopped 16 attacks in new york that didn't come to fruition. other cities probably don't have that gold standard and probably don't and why you'll see increasing attacks in other cities. it's too easy, somebody who wants to do this doesn't need much money, doesn't need an

infrastructure and can make the weapons out of stuff in the kitchen. stuart: by the way, the press conference, news conference by the fbi has said there is no comment, no comment on this person of interest. okay. still talking to him or her, i don't know who it is. still talking to him. i think it's a man. okay. now, it occurred to me that this affects everybody. this affects the national psyche. if they're going after soft target, everybody is a target all the time. i think that's a shift. >> i think it's definitely a shift. it's not only a shift in security, you know, who is -- how safe are we, but it's a shift in american psyche. i know september 11th. let me take my national security hat on and put my mom hat on. september 11th, my kids in primary cool and picked them up and some had parents who never made it out of the twin towers. their psyche was changed. people were out to get them.

they felt vulnerable and that's important in the country to say we're not helpless, we're going to defend ourselves and take steps, but not let our whole lives be upended by a couple of cowards who want to go make war on women and children. liz: to your point, a university of maryland study found a majority of those polled said they think more about terrorist attacks than violent crime hitting them. >> yeah. liz: but what kind of a group does not take responsibility, does not come out and say, we about this? what kind of groups don't-- >> that's a great question because, for example, september 11th al qaeda never took responsibility, it took weeks before we traced it back to them. we were focused on who were the suicide bombers. so, i think that's not unusual for the group not to take responsibility and i think with your point about the police are not commenting, we're not going to say anything further. that's the right thing, because there are other people involved. maybe in the united states, maybe abroad. you don't want them to know anything about your

investigation. stuart: we demand information, but that's the last thing they should be putting out. that's the truth. kt mcfarland, thank you. >> thank you. stuart: the first reports of the boston bombings did not come from leading news organizations, they came from twitter and facebook. victims and witnesses posting about it literally seconds after the explosions. and is this the future of reporting? well, we're on that story 10:35 this morning. to the big board, we're still shy of 100 point rebound. 94 points higher still shy of 14,700. big names you know reporting profits. nicole, let's start with coca-cola. nicole: big names. we're in the thick of earnings season. let' start off with coca-cola, the stock we should note is at a new 52-week high and the 5 1/3% huge move and the revenue came in at 11.04 billion, exceeding the 10.9 billion dollar estimate. we saw earnings per share also beating the street and so it's a winner and they're selling off

some bottling territory owned by the company, to some independent bottlers. stuart: by the way, that $2 gain adds 16 points to the dow industrials which are now up 98. all right, tell me about j&j, please. nicole: moving on to johnson & johnson, not a 52-week high, but close to it. reported better than expected first quarter results for j & j the cancer hepatitis b, blod clots, tho-- blood clots, and the sales for treatment, for heartburn and add, attention deficit disorder. we saw this up 1 1/4. stuart: thanks, nicole. now check the price of gold, please, up just a little after the crash yesterday. $22 higher yesterday's decline more than in decades. and joining us the coin week.com president. i should say, everybody, this man does not buy or sell gold, he reports on it. he's not grinding any ax.

david, welcome back, good to see you. >> good to see you, stuart. stuart: i'm putting myself in the the position of someone who is a small investor and they own a gold coin. i put it to you, if i go back to my local coin dealer in a down market where the price is plunging, i'm not going to get a good price for my ounce of gold. if the spot price is $1300 an ounce i'm going to be lucky to get 1150 for that thing, aren't i? >> not at all. gold trades very regularly at or near the spot price, worse case scenario, you can get 95% for virtually any gold coin it ends up going back to a smelter. gold continues to maintain its value, as it goes up in value. >> our studios are on 6th avenue here in new york, literally across the street is 47th street which is pretty much the center of the gold, the retail gold business in new york. i believe they were changing their prices by the minute yesterday, during the crash. >> well, it was pretty exciting.

there were basically four reasons postulated for the price of gold. there was the change of etf profit taking and economic reports from china and talk of quantitative easing being relaxed early. but bottom line, there was ten years of pressure of profit taking that took place, friday over 13 million ounces of gold were traded in the futures contracts which was a huge amount that was dumped on the market, driving the price down. once the price starts going down, yes, dealers are going to position themselves because everyone in the chain that buys gold sells it off to someone else. so, as it comes into the market, the person buys it and they offer it to someone else and ultimately end up cashing it on a contract and could have been fluctuation, but there was a huge drop. >> i've got to believe there's a lot of disappointment out there. countless millions of people have bought a gold coin for the grandkids or something and they've seen a lot of that value

gone in a couple of days. tell me the state of the retail coin market. >> well, it's interesting. investment and institutions people were sellers primarily. and the people that believe in gold, that see it as part of your long-term financial position as a protection, not as an investment, but as a way to protect yourself from changing governments, from dollars being overspent, and inflationary spending. they're not hurt, they're not in bad shape. they actually look at now as being a buying opportunity and most of the places that i talked to, it was hard to talk to any of the traders because there were so many people calling up to do business and most of it buying from virtually everyone i talked to. >> hold on a second, you're telling me a lot of people were calling up the local coin dealers and saying "i'm buying", is that true? >> i'm dealing with the traders, and people supplying the local coin dealers. the mom and pop said it was 50%,

half people buying, half selling and if you only have 3, 4, 5 ounces of gold in your portfolio you're a little guy, you're not worried about market swings much 10, 20, 30%. the reason you bought gold the fundamentals are there. overspending and the dollar does not look like it's going to be in good shape, 3, 5, 10 years to come and entitlement spending is not going to be cut. gold is something people enjoy buying and owning. i want to turn to charles. you weren't with me at the time, but last hour we had an analyst on who said a week ago that gold was going to 1265 and soon. what do you make of that? >> you know, a week ago i thought 1400 would be a solid support even though we entered into the bear market and now looks like resistent. he may not be wrong. the chart certainly shows there's no technical support all the way down even lower. and there's another leg down and

there could be a freefall. i've got to disagree a little with the gentleman we just had on a lot of people have been buying through the etf-gld. and extremely liquid. you say we're buying this as an insurance policy they still don't want it to go down and when he they he start to see even their insurance policies start to fall apart they get nervous and start to panic. i'm disappointed so far with the reboundwa we're looking at. it's one of the things not a lot of technical support until after 1200. liz: and i'm not sure if-- >> that's it. and by the way, we opened up about $30 higher for gold this morning and now we're up. 10, $12. and that's we are at the moment. 1375, charles. >> the news conference in boston just ended to add to what we already reported and the boston police commissioner just said, and i'm quoting now. no one's in custody. 176 people injured.

17 critical injuries, three people dead. i want to go to nicole. microsoft, it's a dow stock and it's gaining some ground. tell me about it. >> that's right, stuart varney's microsoft up 1.1% and we noted that morgan stanley gives it an upgrade and positive comments not helping microsoft which recently got beaten down. right now 1201 and crossed over 30 and upgraded from an overweight to an equal weight and the price target 36. i know you'd like to see it there. >> yes, but my -- i could retire if it goes to $536 a share. [laughter] i have to say i'm glad you're he not retiring anytime soon. sorry. go ahead, talk about the home builders, come on, let's go. stuart: okay, we're now building homes, new homes at a rate of over a million a year. i presume that that's good news for home builders, nicole? >> you are 100% correct. take a look, we have pulte home

and hovnanian and kb, up between 1 and 3% respectively and we saw those who the highest levels, pre-financial prices. stuart: thank you, nicole. the dow is now up 109 points, we're above 14,700. there you have it. we just heard from kt mcfarland on terror tactics and soft targets. what about the psychological impacts on our society. can the mood of the country be changed? dr. keith ablow on that next.

0 >> now the latest from the attack on the boston marathon. news conference just ended. no new explosives were found. the only explosive devices were the two bombs that actually went off. the police commissioner says no one is in custody. 176 people injured, three dead in the attack and a fbi official now says there are no known additional threats. straight to business. we're keeping a close eye on the price of gold. it's tumbled to a two year low yesterday and right now it's bouncing back, only just. $14 higher. 1375 on gold. and oil down this morning, $87 a barrel. as for the dow, making up about 100 points after yesterday's 265 point drop. strong earnings from coke and j&j helping the dow recover just a little bit.

coming up, dr. keith ablow on the psyche of america. friday night, buddy.

you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. >> concerning the boston bombings, want to bring in dr. keith ablow who is know boston as we speak. i want to go over the idea of the terrorists going after soft targets, difficult to defend. and it extends the terror threat to everyone and therefore, may

shift america's psyche, what do you say? >> stuart, sadly, i think you're right. i think that because these are innumberable targets, it's no longer the skyscrapers taken down by commandeered jets which require a level of planning, now it's anywhere at anytime and that inflicts a different level of potential terror because people say, well, where am i safe? am i safe at madison square garden? am i safe at the boston garden? anyplace a crowd gathers is a potential target and that's why i think this is truly-- >> my reading of america is america doesn't retreat, it's not backing down, not scared to go into a shopping mall. am i reading it right? >> you're absolutely right. this is why terror in the end doesn't stop liberty, it doesn't

stop democracy, darkness does not eclipse light in the final analysis because what terrorists don't understand is that people accommodate. people are courageous, in israel where everything can happen at anytime. people are still shopping, they're still voting, they're still building, and yes, they know that because they embrace ideas that are somewhat like ours about liberty, that they'll always be a target. you know, i say liberty is a marathon because it's not a short-term quest. it takes time. our ideas as a country are still new ideas hundreds of years later. relatively new to the world. hence, we should expect they invite people trying to topple them. but they can't. we'll accommodate. charles: dr. keith, this is charles payne. >> hey, charles. charles: what would hit us harder psychologically if they he find out it's a lone person or part after larger terror

network based outside of america or does it matter? >> i think that the greater injury to our psyche would probably be if we hear that it's a terror network, because then we're facing again a larger enemy. but what we should learn from in is that the thought of gun control, maybe now that can recede since our two latest tragedies have been why a knife in texas, 14 people injured, and now this horror in boston by explosives. let's really fix what's broken, instead of wasting legislators' time and effort in attacking an industry that makes goods that are not to blame for what's really happening out there. >> dr. keith ablow, joining us by phone from boston. dr. keith, thank you very much

indeed. >> all right, my friend, take care. >> i just put up the big board for a second. now we're up 86. we had a pretty strong bounce early. 83 points higher after a 265 point drop is not a significant bounce. and there you have it as of right now. the dish network buyout bid for sprint has the he potential can change the way we get our phone and tv. and how it will revolutionize your wallet. everybody has different investment objectives,

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>> this is interesting, if you look carefully. you'll see that we're back now on the dow to where we were before the bombs went off in boston just before three o'clock eastern yesterday. and the bombs went off, the dow went down approximately another 80 points. all right, we've bounced back and recovered those 80 points, and we're still just shy of 14-7 as of right now. and then we have dish network, 25.5 billion dollars. and stv, cell phone all in one 0 place, does that mean you'll be able to buy your services one bill. yes, it does. and chief operating officer is here, let me get this straight now. if they get together, i can get something from this aligned company which i can't get

someplace else. i can get my satellite tv. >> yeah. stuart: i can get my internet connection and cell phone in one go. anything else? >> your data and quadruple play. right now everyone has a triple play. this is ground-breaking. there's nobody else out there that offers this. why i think it's a great deal is sprint is kind of under the radar as the third provider, he so, if dish got together with sprint it would be taking the content play of the tv into the mobile. where everyone is out there right now with mobile. the reason they're going to do that, they have the cash and they have the spectrum. so he have the wireless spectrum which is what they he need, but they can't build it out themselves. if they get together with sprint and clearwire who they've been trying to bid, which sprint owns half of they'll be able to put together the network. why i say it's under the network, at&t and verizon can't do a deal like that and had an

anti-trust when you had at&t mobile. so if they went after comcast or directv everybody's going to start screaming, so that's why this is such a chess move. stuart: and this would be a really good competitor for verizon and at&t. liz: i'm he not sure. dish ranks poorly on customers satisfaction and so does sprint. there's a lot of complaints about high speed, dropped calls and service in dish. how does it improve it? >> well, they would have to deliver, but you'd take the synergies of the two companies and economy of scale and 11 million dollars by putting the two sides together, the employees and the people installing everything, but the issue is you make a good point and they have to deliver and that's where they've had issues before. if they can make it work, it would be huge. >> there's still question if they make it work. >> if they get it together are you telling me i can get my dish

satellite tv pushed through to my smart phone? >> yes. stuart: i can do that. >> you'll be able to do that if it goes through and there are buildouts for that to go through, but this is where he's smart. he went up and bought up spectrum for years. stuart: hold on, that's space on the spectrum, the-- >> so, here is the thing, if you want to get into the mobile business you have to buy spectrum from the government, okay? and then with that spectrum, which is billions of dollars, okay? and then with that spectrum, you've the got to build out powers and put equipment in those powers, which is a lot of money, a lot of time. it would take them years to do th that. stuart: has urgwynn got the money? >> the money is cheap right now to get financing, the timing with the cheap money, with the spectrum wthat 10 billion in cash and once again, getting

under the radar because sprint isn't big enough where i think you'll get an anti-trust. it's interesting. stuart: do you like the deal. >> i do like the deal. stuart: from a technological point of view, from an investor point of view. american point of view. >> good for the consumer and then it's going to drive private enterprise and at&t verizon are going to look at it and build out more networks. and right now we're too congested with mobile. we need more networks. stuart: okay. i think i've got it. it's tough making me understand it, but i think you did it, larry. and do you own sprint stock? >> i do not own sprint stock. stuart: dish stock? >> i do not. stuart: you're not in this. no dog in this. >> no. thank you. >> thank you for having me. stuart: time to make money and who do we turn to? charles payne. he'll follow up something he recommended a week ago. go. >> i've got three stocks, and biggest loser hit with a double

whammy, gold coming down and news out of china so-so. in the meantime, friedman billings ramsey moves it, 39 from 27 and it's the same thing, domestic and rebound in coal and coal prices. stuart: you're sticking with it? >> absolutely. stuart: sticking with walter. and next is universal display? >> out of canaccord-- >> what do they do? >> the organic emitting diodes on the cell phones and the next level of making the television viewing remarkable. it's unchanged and went up a couple of bucks and pulled back yesterday and i love it. i'm looking for a grand slam with this one, a grand slam. by the way, two firms upgraded it. stuart: i don't care. what's the grand slam? >> a minimum, 15 to 20% in a very short period. stuart: all right. and what's this one? immersi immersion. charles: you loved it the last

time we talked about it. it's the touch tone experience. it's revolutionary. the concensus has gone from 57 cents a couple of months ago the street thought 40 cents. this stock in my mind takes it tremendous, i'm looking minimum 20% on this one. liz: what do they do again? >> a touch screen. you know, you touch the screens and there's a vibration type of experience that they have a lock on. liz: to make it easier. stuart: what are you talking about? never heard of it. charles: but you will feel it in the products that you use. stuart: i feel it. charles: yes. stuart: so when i touch on the keyboard of some sort i feel-- >> the touch screen. liz: and you have difficulty finding the-- >> has. stuart: you lost me charles, lost me. charles: one stock that people should be looking at. it should be an a huge grand slam. stuart: another grand slam. charles: another one. stuart: social media, yeah, really changing the way we get

our news. the first reports of the boston bombing came seconds after the explosions, not from a reporter, but from witnesses posting on twitter and facebook. we'll deal with it in a moment. girl vo: i'm pretty conservative. very logical thinker. (laughs) i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. (screams) i'm really glad that girl stayed at home. vo: expedia helps 30 million travelers a month find what they're looking for. one traveler at a time. expedia. find yours.

>> again, let me repeat he the -- the latest on boston. the fbi confirming only two

devices were found yesterday the two that exploded. there are no new known threats. they are talking to a saudi national who was near the scene, but saying right now nobody is in custody. for me on this i want to bring in rich edson, what's the latest and new? go. >> to add to that, the fbi is not going to say who may or may not be in custody and that was followed by the boston police commissioner saying nobody is in custody. speculation that perhaps there were more devices located around boston and say the only two explosive devices that were found were the two that went off at the crime scene. we've got updated casualties. 17 critical, three fatalities and one note from jennifer griffin at fox news, there wasn't the usual jihadist traffic you see on websites. that doesn't mean they're ruling out any type of overseas

connection, but something that officials do look for for events like this. stuart: can we straighten out the saudi national? is he still being questioned? >> what we're hearing is he's still being questioned, a person of interest. they went to his apartment last evening and they didn't find anything that would indicate that he perpetrated this. however, they're talking to him and police officials say many others. stuart: we've got it. rich edson, thank you indeed. major news outlets took ten minutes to report the boston bombings, but news broke on twitter as it happened. and investigators are asking witnesses to sends their cell phone photos from the scene. and joining us now is jason mattera, social media, looks to me like the primary source for news events and for gaining information during investigations. it has arrived, hasn't it? >> absolutely, stuart. instantaneously. the first dispatch from the boston bombing was from a

firsthand eyewitness and took a photo and tweeted it out and began to get retweeted over and over again. we have an avalanche of photos and mobile videos that were uploaded to twitter, uploaded to youtube and blasting out there before many reporters could even figure out what was going on. the boston globe even turned their home page into a running blog that was abrogating for the most part live tweets of people on the ground. stuart: but, here is the problem, jason, how do you check for accuracy? i can post something on twitter, i can post something on facebook, i could lie through my back teeth and beat it to the authorities and move in the wrong direction, i can do that. stuart: and that has been happening. you have many individuals on youtube who are changing some of the past videos and tagging with boston bombings or new and updated scenes and goes to random video just to get more clicks and people tweeting out fake accounts that are set to go to donation pages and they're he

not going to donation pages. of courses, you're going to have knuckleheads screwing around and trying to capitalize off the attacks that happened and idiocy mike michael moore who blame for the attacks and nicholas christoph from the new york times noncon firming an atf director, even though we haven't had an atf director permanently for years, and you're going to have people who say dumb things or false information, but that doesn't negate the na fact that we had news from med yums like twitter and versus facebook, many of my college buddies live in boston. i was able to go to facebook and couldn't get in contact over the

cell phone and see that they were okay. so, social media played is-- is playing more of a valuable role, invaluable role in how we consume information, how we report information. >> and i would imagine that the authorities right now are going through countless hours of cell phone and security camera video, because cameras are literally everywhere, that's the truth. >> as they should be. because piecing all of this information as it was taking place, i mean, most the people getting their information firsthand now on twitter, i mean, one of the first things i check in the morning, stuart, is twitter and you customize who you're following and you get to print your own pipeline of information, so, i was on twitter all day yesterday, and especially in my car, you know, he when i only could listen to the radio, couldn't turn on fox business, fox news to hear what's going on and twitter plays an important role in gathering information. the best thing about twitter, even if there is a fake news

story or someone trying to create a fraudulent message, it's almost instantaneously debunked on twitter and that goes into making sure that people are keeping other users accountable. >> i think it's absolutely fascinating. jason, mattera, thank you very much for bringing a very, very interesting story. >> anytime, stuart, thank you. stuart: check the market. as we said earlier, the loss that occurred on the dow following the bombings has been recouped and that's it. whatever bounce we had early this morning is fading, we're up over 100 points at one stage and now just 76. that's where we are. all right, now this, multi-millionaire, the first space tourist, paid a lot of money for the trip to the space station, i think 20 million. now he's offering a trip to mars and he joins us next. it's a brand new start.

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home building about a million new homes started per year. highest level since 2008. and look the at the big board, the dow is making up about 76 points from yesterday, 265 point loss. we started out with a pretty good bounce and it's not there more. next, the man who wants to send a couple to mars. will they have access to a divorce attorney once they arrive back on earth? that's a good question. back in a moment. 7 socks and 6 weeks of sleep but one thing you don't want to lose is any more teeth. if you wear a partial, you are almost twice as likely to lose your supporting teeth. new poligrip and polident for partials 'seal and protect' helps minimize stress, which may damage supporting teeth, by stabilizing your partial. and 'clean and protect' kills odor-causing bacteria. care for your partial. help protect your natural teeth. care for your partial. all stations come over to mithis is for re this time.

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>> i want to look at johnson & johnson, i think they're on another 52-week high, is that right, nicole? >> when we started the show, it's since broken through, up 82.the 9 the and the stock is above 83 bucks at this moment and the quarterly numbers beat the street and they faced some litigation costs and done well for medicine and also blood clots and cancer drugs. >> we've got it, nicole, thank you very much indeed. get this, five years from now, a couple will take off for the red planet, that would be mars. they will spend 16 months of and all cramped capsule and circle around mars and come back to earth and the man behind this is dennis tito, the world's first space tourist. and he spent 20 million dollars getting up to the space station and well, he's back here now and organizing the mars trip. sir, welcome to the program. have you found the couple yet? >> oh, no, we have a lot of work

to do before we take the right couple. stuart: are they going to be married? >> they don't have to be. i think it would be ideal if they were. stuart: and how much space will this couple actually have in the capsule? can you define it? >> well, i would say about the equivalent of a small rv. stuart: and what's that? like a 6 by 9 or something, for 16 months? >> yeah, probably something like that. stuart: now let's get to the financial side of things? this is going to cost what, i'm told a billion dollars? >> well, probably less, but it could be that high. >> how are you raising the money? >> well, mostly through philanthropic donations. and we have a quite a bit of time to raise the money, i'm helping out to get started for the first two years, you know, get the project really rolling, but i think we'll be able to get

revenue from donations as well as sponsors and meteorites. stuart: do you look upon this as an innovation, space tourism? is it experimental, human beings going around mars? is it a spectacle of some sort? why are you doing this? >> well, i think, you know, it goes by the name. inspiration mars. it's not space tourism, this will be a professional crew, and it will be the first time that humanity has gone, you know, beyond the influence of earth. and i think the importance of it is, mars is the only place in the solar system, other than earth, that humans will be able to inhabit. so, i think it will be a big step for humanity. >> look, a lot of our viewers want to know, how could you possibly put two people crammed up next to each other,

literally, in a very, very tight space? they're going to be together 16 months totally unbroken. what kind of people would do that? >> well, it's amazing how many people have already, you know, sent in e-mails to us trying to apply and we're not yet taking applications. one thing people don't realize-- >> but, what are you looking for? you've got to be a certain kind of person, haven't you, to stick it out? >> well, you know, these people are going to have to be quite busy during this flight because their primary job will be keeping all of the systems working and the systems will be designed so that they can be repaired in space. and you know, that will be really keeping them alive. >> okay. >> but they will be communicating with all of us here on earth as well. stuart: okay, it's going to happen. you're convinced, this is going to haapen five years from now, yes?

>> well, i'm going to do my best to make it happen. >> okay. dennis tito, the world's first space tourist. thank you for joining us, we wish you well on this mission. >> thank you. stuart: the dow is down a lot more ground. now we're up just 61 points. this is bounceback day, but that's not much of a bounceback. and charles payne to more-- i'm getting tongue-tied. it's the mars tourist that got me. charles: the billion dollar price tag. stuart: no, somebody, one other person half the size of an rv for 16 months. charles: your wife is watching the show. stuart: that's true. back in a moment. 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

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>> all right. i want to show you this, this is the white house moments ago. the white house just lowered the flag to half staff. that just happened moments ago. all right, charles is going to make money for us now. you're looking at two stocks that you recommended last month? holly com. charles: poly com, everyone has one that no one uses. but now a transition, the tablets, cell phones. a value play, trading one times sales, your down side is limited and needs a spark, but once it's

going to be with the upside. stuart: poly communications and poly com. charles: the triangular in the conference room-- >> we've got one. charles: no one uses it. stuart: that's true. charles: everyone is going to start to use them on the cell phones, on the tablets, tremendous leading edge technology and puts them back in the game big time. stuart: and this is is little different story. charles: west port innovations. l and g engines, liquid gas engin engines. and they will be big for trucks. and the sexy story and reality. so far the stock has been trading on the sexy story. reality is coming, but it makes an extremely volatile. never of the less, in the last 12 months. they're sold twice. and a major breakout. as it is, it's a pretty volatile stock. stuart: you want to hear my

story about westport, connecticut. liz: do we have to? kidding. stuart: you might like it. liz: kidding. stuart: i have get off the plane early 1970's. newly minted immigrant at jfk, driven to newport, connecticut, walked around. my goodness, the streets of america are truly paved with gold and i thought all of america was like westport, connecticut. you didn't like that. liz: can you give us more. stuart: sarcasm is a low form. and the first day in america for stewy. shall we continue after this? ♪

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that does not look good for stocks. charles: i think the last hour of trading will be really critical. we had some blue-chip companies. there is this worry. also, listen, a lot of people were saying for a while that a lot of us our due. all the money printing employees got the story of gold is happily entered into eighth ablation area. >> gold going down a week after japan announced its monetary big bang.

pressuring gold to is what is happening with the pressure from mario drobny, the ecb president. you need to use the profits from your gold sales. other nations may need to sell gold to pay back and cure their deficit trouble. stuart: you are making fun of me for my westport story, but you are claiming you were first with the cyprus old story yesterday. thank you, everybody. dagen and connell, it is now yours. dagen: thank you. connell: i am connell mcshane. dagen: i am dagen mcdowell. eyes on boston. three people killed and 176 people wounded in yesterday's terror bombing. no unexploded