pressure from watertown, massachusets, we'll cover it for you on fbn . liz: have a good week melissa francis is next. david: stay safe. >> fox alert back on boylston street in boston, it is 5:00 in the evening, more than a million people are locked behind doors, shuts down one of america's most famous and historic cities, this is ground zero or a story running i am bill hemmer with continues coverage -- >> armed and dangerous every angle of this story, on a very some ospecial edition of money.

melissa: fbi going house-to-house in boston, searching for dzhokhar tsarnaev. the second suspect in the bombing his uncle has spoken out, telling him it turn himself in now that his brother tamerlan is dead. eric shaw is in massachusets with the latest. >> reporter: if you lived in boston, chances are you got an e-mail extreme threat alert message, saying shelter in place, that is still in effect, not prevent employees from returning home, governor patrick saying if you go to work, they want you to go home, the city is basically paralyzed. severity is extreme, urgency they say is quote immediate, because dzhokhar tsarnaev is still on the loose. will get dark in boston, we may be back to what went on last

night, that chase. and manhunt and gunfire. and ieds police say were thrown from his car he and his brother allegedly hijacked as they went from cambridge across river to watertown. police have been scouring houses in a 20 block area, searching basement, bedrooms and closets for any sign. police saying that there have been pursuing some leads. >> we're progressing through this neighborhood going door-to-door, street to street, we're well over 7% of what we -- 70s% of what we want to cover. we do no have any development to tell you in terms of the search, there has been no apprehension at this point. >> reporter: apprehension is what everyone wants, there are s.w.a.t. teams, and armored personnel from several states

here. dzhokhar, friends say was a normal student. and big question to investigators is how was he and his brother, radicalized with youtube videos and others they say were partly attributed to them, praising osama bin laden and al qaeda and the like, we spoke with some high school friends of dzhokhar. they said he was a normal guy. and they are stunned at the developments. did he ever talk politics. >> never with him. really casual, hang out, smoke pot every now and then, listen to rap music, nothing out of the ordinary, i would not put him aside from my other friends. >> reporter: did he ever talk about america or any hatred for the country. >> not at all, we did not talk about pro america or i'm against america, if i have to pick i wouud never assume he would have those views at all.

>> reporter: he lived in cambridge with his mother, there was a controlled explosion at his house by authorities earlier, there is always a concern for potential booby-traps in the house, we have no update on that, but we're expecting an update here this the watertown in about a half hour, we'll bring that you when it develops. melissa: eric thank you. and we're expecting a press conference at 5:30, we will keep our eye on that, if any information comes out of it we'll bring it to you, the city of boston and neighbors areas are in lockdown today, the city deals with the events of this week, and starts putting pieces back together. businesses in the area are feeling the blow, john olinto, cofounder of b-good, a restaurant chain. he is joining me now in a fox, exclusive from the heart of boston, john, i don't want to equate financial loss with the

human toll. but we don't top leave it out either it is taking a toll on you, your fo family, and busines and employees, take us back to the day this happened, were you open? >> we were open. we have 5 restaurants in boston. we have one in harvard square. three of right around perimeter of the finish line. you know it is unique in boston to have three restaurants within you know a couple blocks much each other, but that is the way we positioned ours in the city. you know, on monday, when bomb went off, as everyone knows was a very fast reaction people evacuated. we closed stores immediately. and you know top priority is employees are safe, and customers are safe, and that the city -- the city will improve. melissa: so have you been back to the store since it happened? have you tried to reopen?

or are you not allowed to go there. >> we reopened, we were forced -- one of our stores of closed tuesday. every other store reopened. the tricky part is, that you know, boylston street is hub of commerce, for the city or retail commerce, having 374s stores on -- 3 stores on the outskirt its changed traffic flow, and boston is a ghost town for us. melissa: even if you are allowed to open it makes it harder, you have guesswork of trying to figure out if anyone is showing up, did you feel safe having your employees come in? >> we did. we felt safe until last night, then this morning we you know called everyone and told them do not leave their house. but, after monday, you know, that is thing, i felt that city was recovering until last night, we saw it reflected in our

numbers in the traffic in the city and just the general vibe of our customers. melissa: now have you no idea what is going to happen or whether it will reopen. what kind of a toll has it taken on you and your business, and what do you think it will mean to you on and your employees? >> you know, i think we're going to be fine. you know, i think boston is built on strong people. our employees are super resilient, the restaurant business is is difficult. we have some of the hardest working people i've met, i know we're not giving up. i truly believe we'll be open tomorrow and city will come out and you know, the -- we'll have caught en the suspect, and city will celebrate tomorrow and people will come out in full force. melissa: i'm coming to town for a harvard union, i will come by center see you stray strong. -- say

strategy. melissa: coming up. the suspects are from chechnya, why that link is critical to to investigators, coming up. i turned 65 last week.

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>> he put a shame on our family.

he put a shame on the entire chechenningnesning ethnicity. melissa: that was the uncle of boston bombing suspects making very anguished and heated comments about the shame he feels about his nephew's possible role in the boston bombing. there are so many questions out there. why they would do this, and what it would do with our already tense relations with russia. we have pete peter brooks. thank you for joining us, matthew, what do you make of fact they are from chechnya? is that a piece of a puzzle.

the uncle is anguished and trying to tell us that is not relevant but i suspect it is. >> we don't know yet, why these boys decided to do what they did. we can speculate that if they have chechen family ties, whether they grew up in chechnya so young, they are not veterans of the chechen wars from 1990s. they may have had some exposure to people who were. melissa: they came here speak seeking asylum. that is how they got their documents and that is how at least one became a naturalized citizen, this is relevant they were told they were fleeing that country. >> they would one of those narratives is an islamist extremist terrorist story, even if they had no exposure in person in chechnya, what may

have happened, you know being isolated, feeling disgruntled in u.s., they went on-line could they speak language, they may have been radicalized through web forms. melissa: peter, we care about this, one of the biggest questions today, are these homegrown terrorists who take their inspiration from jihaddists abroad, or are they actually being given direction from abroad? do we get any clues to answer that question? david: not at this point -- not at this point, matt makes good points there c concern there may be international connection. within last two years, senior al qaeda commander of killed in chechnya by russian special operations forces, there is a bunch of ways this could happen, one is reported, we do not know

if it is true, he spent time overseas, i am worried about fact not only were they radicalized in some way but they learned how to make nasty bombs, and where did they learn that. melissa: where do you think they learned that? does that seem that you could learn here or go abroad and train with a group or on-line? >> you know, problem is that dealing with my understanding i'm not a bomb expert, but having been in military, you have to be careful with this stuff, either they were good. with handling those weapons, our lucky, some person training would help them. there is an al qaeda on-line magazine called inspire, there have been articles on how to make a bomb in your mother's kitchen, it is not clear at this point. but they were able to do it. my fact is we're in neuter torrey we had a -- a new, territory, we had a bomb explode on american territory, we do not

know if there semiconductor out there and what the -- if there is more for us and what the future holds. melissa: it is critical to find answers to these questions to figure out whether they are two men who were acting alone or if it reaches further? >> what is important it to realize you know, what peter said, unprecedented nature of folks coming out of this region, these are not people from ara arabian peninsula, it under scores that russia and united states face the same adversary, a point that russian have tried to make for years, in the united states we have to start listening to that, and cooperate pragmatically, we have to share

intel. if we learn something from these guys that could save russian lives we owe is it to russians to offer them that as well. melissa: thank you both. serious questions raised about the background of the bombing suspects, they are from chechnya, here is fox news' cat katherine, where are we on this investigation. >> 3 key developments we confirmed they are taking electronic traffic associated with the brothers and they are scouring it, going to the youtube sites to verify in a operated those sites and they were the ones that post the videos. they are looking flew their travel records, the older brother travelled overseas to

russia in 2012 for a pro lodged period of time. and they want to get access to their apartment and residents and computers, but fox was told this is approached with a lot of caution because given what happened this week, they are working on assumption they may have left booby-traps at the home or connected to their computers. melissa: the big question, is there any indication of any links to al qaeda? >> we learned this afternoon, so far in this investigation, and they are not far into their exploriningexecploring a -- expy see nothing yet to cause them to conclude they were acting on behalf of a chechen cause.

there is a life style agazine that gives them what they call practical advice like thousand build the bomb, the bomb used in this case, pressure cooker bomb is laid out in the inspire magazine, that is an avenue they will go down to see whether they are true homegrown, islamic jihadists who got their training if you will all in a digital way. melissa: katherine thank you so much. all right on money, what we need to do to make sure a tragedy like boston does not happen again. but what is the cost of that? and can it actually work? stay with us, more "money"..lia. straight ahead. eate the future..

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>> in terms of what we're going to do differently to ensure safety of bostonnians and americans, issue shifts to more effective public safety measures that people with walk the streets in safety. melissa: as second bombing suspect remains at large, authorities and legislators are working to know sure we do not see another incident like this on u.s. soil, we often look for answers by changing laws. was there anything done that we could prevent this? and how to we not over reacted? our panel michael barrett, mike baker, and diligence.

we have rod wheeler, former dc homicide detective, and fox news contributor, welcome, michael, start with you, this is our knee-jerk reaction, something like this happens, lawmakers almost don't want to miss the opportunity to jump in do something, many times with great intentions of trying to stop it from happening again, but they may or may not do sense, first i heard, these were individuals who came here seeking asylum, you could practically hear the door of asylum slammed shut? >> i think you are right, but it does not make sense, people are going to come in. we have any number of people coming in. there are some things that could be done, but this is about know forcing existing laws and understanding the laws that the

nature of the threat has changed. one big thing we have now since 9/11 with department of homeland security a bunch of intelligence fusion center that integrated and state and local law enforcement. but we have privacy concerns, that are legitimate but they have to be addressed with the understanding there are security needs. i think that building out some of the infrastructure, using technology to our advantage is where we need to focus. as opposing to somehow we could fix the immigration system, and nobody will get in. melissa: mike baker to you,mmlimmediately latched on to student visas, we have to police that more closely, do you feel the doors slam? do you think that is a appropriation or knee-jerk

reaction. >> you don't ever want to dismiss washington's ability to make a knee-jerk stupid react to anything, setting that aside, if you looking at the boston attack from this angle, a very unsatisfying answer, people are not going to want to do what it would take to live in a risk-free world, you know where they have few terrorist attacks in china, north korea, and singapore, we do not want to give up our freedom of movement this get to this zier' zero rist environment, but that does not mean washington will not try. melissa: looking at evidence in very early days, but early things we know, is there anything that could have been done to prevent it. >> there are always things that

could be done, and i am echoing copanellist baker, any time we increase security, we have to decrease our freedoms looking at this new law up in new york. about guns and amount of clips that is a knee-jerk reaction that is the thing that frightens me that frightens all of us in law enforcement. whatever decision that our government desireds to do, let's hope they think it through, before they push the new laws down our throats. melissa: michael barrett, rod makes point that i started of, no matter how you feel about gun legislation put forward. you cannot argue it would not have prevented what happened in sandy hook. in the wake of this, you think lawmakers could sweep in again and come up with something that would not have stopped this from happening but achieve some other goal, right? >> that is true.

the people who self radicalizz, they came in they were kids, you know there is no way any interview with state department official will catch the flag that in 10 years this person will end up getting radicalized. the kinds of intrusive things, that is thees so withlacoochee would not want to live in -- that is not the society that we would' to live in. have we entered a new phase on terrorism where we have a lot more low level attacks, or hopefully this is a ne off, and community that you know these kids come from that men come from, will continue to self-police a little bit more. and maybe we will not have a new rash of these attacks. melissa: i don't like either of those options. i fear it is not a one-off. and i don't want to live in a world where it could happen. another thing that mayor flynn said, i look around there are kids everywhere with the

backpacks, maybe we should do something about the backpacks. >> no. melissa: right, you are shaking your head. >> yeah, i walk around with a backpack with a super size soda in the back. now what happens. i think there is a real problem here. borne out of our success against al qaeda, and their like-minded minions, we've created in a sense a new type of enemy. they have always been good at adapting but they have been adapting for a while now overseas we've seen attacks they have been able to identify and recruit, individuals who live, whether in u.k. or france or elsewhere, those people turn to terrorist actions. there is no reason why we should think in america we're different, the same threat has beennny migrating here. melissa: rob you laughed at backpack thing, you know

somewhere along the way there will be an attack to backpacks, maybe you limit them going to public events. or something? >> i think that answer easy answer to that is the level of security needs to become -- commensurate with the risk. do we have level of security to match that particular security threat. i think that is how we have to do it, but i shook my head, congress sometimes scares me, because you know they take a case like this, and say, no backpacks, especially those with bottled water in them, mike baker, you can't do that. there is a law against that. that is what frightens me. melissa: there could be a law against backpacks, thank you for joining us. >> thank you. >> up next on "money line," wall on money, on wall street, we'll tell you biggest mistake made out hoo there are

you making them. what you can look forward to in the market, more money after this. [ ale announcer ] ou are a business pro.

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week ended with markets up slightly across board, putting a silver lining on a terrible week from wall street, people may be panicking on what to do with your money, but there are a lot of mistakes you want to avoid, helping us next week. we have editor of "barron's," and jack, a lot of people panicking. what do you think is a big mistake you see. >> they have been panicking for 5 years, the biggest mistake in money terms is $1.3 trillion that have flowed into bond funds and every year people have been pulling money out of stock mutual funds while market has rallied. every year, finally in first

quarter they got back in, could it be the top? this is typical of individual investors to stay out until the very end. melissa: if you be one of those people, what would you do? >> you have to come up with a long-term asset also allocation do not guess what the market is going to do,. melissa: commit to an allocation and don't get swayed by what is going on in the market. >> and write it down, promise yourself, you will stick to it. >> you have it tattooed on your leg. >> that would be great. melissa: jeff how did you what mistake? >> i think that problem is that a lot of people were scared now they are getting greedy and fear and greed are no way to manage our perspective, you need to -- your portfolio, you need to be prudent.

melissa: tinkering, we told people not to tinker. peoplpick your poison. >> if you talk general at vice advice for everyone, average in a low-cost index fund. aggressive people like me, like to tinker. melissa: maybe you set aside a small portion of your portfolio you tinge e tinkle with. jack? >> i have not seen written or covered but i looked into some trade publication that cover insurance industry, and in recent years whole life insurancc has been doing better, sales going up every year, while term life, sales have been going down. term life insurance is better for about 99.8% of the population. melissa: why. >> it is far cheaper, that is reason people don't buy it there is no salesman to sell something cheap, they sell expensive

product and prai prey on your f. the whole life insurance is not a good investment for most people. but if you are extremely wealthy, it is great, but for most term life is better, until your kids are grown. you are done. melissa: interesting. jeff how about you? >> i am a little scare -- well concerned about housing, a lot of investment we've seen in regions that are hard hit like las vegas and orlando, about half of the sales are done with cash, these are speculators, investment people, that is how bubbles are made, they are getting it cheap. it should tell you what you need to know, i'm cautious about housing because we've eason's huge run-up in home building stocks, a lot of optimism,. melissa: you think that is a

bubble in the making even though we're not going back to where we were. >> i would not call it another bubble, you need to affect a plateau. interests will go up, like we saw in obama package in 2009, a big interest in homeownership, and it rolled back, you will see roll back win arrests g when in, and people paying a lot more, and cheap sale are gone. i would not say a crash but people have to be realistic, housing is not a good investment. last month there was a survey that americans thought were best classes were gold and housing, how has gold gone the last couple of weeks. melissa: that makes sense, so unlike the government to create another bubble some where. thank you, great ideas.

>> all right, for today's fuel gauge report. carbon dioxide emissions in u.s. are at lowest levels since 1994, drop is attributed in large part to more electricity made with natural gas, 2005 co2 emissions have fallen 12%, an. an expected increase is due to more regulation implemented. because of environmental disasters. >> there are still 60 people missing in west, texas, after a massive explosion. at the west fertilizer plant wednesday night, 13 people were killed, including first responders, about 200 more injured.

we do not want to forget those people in that tragedy in the wake of everything in boston, and the attention that is getting. >> coming up on "money," big coin has bounce -- bit coin has bounced back, we talk to the guyb exchange.

melissa: the chaos in boston, and wild week in wall street could lead investors back to the bit coin. we're gianted by kenneth. you are first exchange that trades this? how are you different. >> so, we were first american exchange, we're all american, founded in united states and we essentially do the same thing at mount gox we target larger investment over 10,000. melissa: what do you make of the bowen back that we've seen --

bounce back. i don't know if i can follow this any more? >> so it is volatile. historically it has been volatile and will continue, one thing that is ramping price up and down, a lot more investors getting into venture capitalists, a lot of people getting into it that could just throw a million dollaas into it, that for they lose it they lose it. >> stop right there, what do you moon a lot? how many people have come you to said a million to spend on this? give me something to sink my teeth into. >> let's see i don't know if i want to give too much, a few hundred people that have approached us, we people call up then, talk to them for a while, they send a million bucks in an hour later. melissa: have you people send you a million to invest in it. >> for sure. melissa: do you think it goes higher in popularity from here?

you do, because you are getting more people investing, do you worry about it crashing and people getting out of it, we've seen it all over the map and last week that we've been following this. >> it is if is going to go up more, and going down, it is volatile there are two part its bitcoin, asset part that you can speculate on, and technology, i think that people will go away from focussing on asset, that is more sensational, but, and focus more on a means of value transfer where soil is no volatt as relative. melissa: still matters it is all over the map. >> it does and it doesn't. if you keep funds in dollars, and purchase bitcoins and send them that person within minutes converts back to euros or pounds, volatility is not necessarily a problem and companies like bit pay accept

bitcoins. melissa: that is a lot of trouble to did a transaction, what kind of customers are you seeing it makes me think of people doing something illegal. >> i got a hair cut before i came on fox, today, i talked with them for a while, they said they don't take credit cards, and we talk about bitcoin, and barber shop two blocks away will start taking bitcoins next week there is a lot of legitimate businesses, i have a hotel in trans san francisco, i accept bitcoins, i have a lot of europeans coming over, it does not make sense to wire the money when you can pull out your phone for free and use bitcoins. melissa: what percentage of our customers use bitcoins. >> about 10% right now. >> thank you. coming up on money, we were all overcome by evens in boston but we seep and heard heart warming stories that remind us you on great and strong our country can be in times of crisis.

you want to see this, don't go away, more money me "money" ahe.

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melissa: often times tragedies like this' week boston bombing highlight resiliency of the american spirit. we want to talk about some of the up lifting evens, look at this billboard it went up near boston, it about longed to local

chapter of a workers union. it changed tuesday morning it rotates between cowards and reads pray for boston. what do you think? are we in this together. >> yes, it shows the unity and solidarity. and support that everyone wants to share with each other. we hope and pray something like this never happens, but if there can be any good that comes out of a tragedy is the coming together of the community could neighbors and family, i think that billboard sums it up nicely. melissa: so true. >> yes, i agree. and you know to take it a step further, you look at heated sports rivalry with yankees and red sox to have a electronic billboard at yankee stadium that says in unity, you never see that it is very nice, and speaks volumes. melissa: some way people take

time out to appreciate their community and come together. after the bombing the city of boston started a charity call one fund boston, in the past five-day it already raised more than $10 million. for victims. the boston marathon principle sponsor, john hancock financial kicked off the fund with a million bucks since then, others have given $5,000 each, and individual donors. and at end of day not about money, it is about helping other people, people peal lik feel tht too do something, that is a great to see people do that. >> you know, again, you know, out pores of support, whether emotional or financial or people first responders, i mean it is really, amazing to see human spirit and drives the human spirit, unfortunately it is, vents like this that get too much focus, it exists all of the time it is nice to see, similar

to 9/11 out pores of support, i imagine we'll see more in am canning days and weeks. melissa: remy, what is amazing is you know we have not -- it is not over. they are still out chases the last suspect, and already, people have opened up their wallets, and organized a fund, and all righ murder given -- aly given millions of dollars. >> this is a beautiful thing, this is a testament to our human nature, american's patriotism, after 9/11 people felt more pride full, a sense of pride in their hometown. in new york we saw so much like new yorkers and now we feel like americans we want to help those even if we're not in boston, it is a testament to people who are sparing their own funds we would hope and peck that big corporations would have the generosity of spirit and money, but when people go home, and they live paycheck to paycheck,

they write a check, to help traistrangers that live hundredf miles a thing is it is beautiful. melissa: ending on a heart warming note, dallas couple that ran boston marathon decided not to let the act of terrorism stop them from getting married they wednesday in the boston common at 6:20 monday evening, two sported running shoes for ceremony. and they say looking back it waa a positive moment. a tragic day. what do you think of that. >> good for them, i think they said publicly is they were not going to let this tragedy change their leifs, that would be -- thing their lives that would be to let the suspects win that was their position. i think that is a you know a different situation today. they did not have threat, and immediate danger of lockdown we're seeing today, so on that day it was perhaps safe. and i say good for them.

melissa: i mean amazing they would do this anyway, and they will remember that tragedy was linked to it. i think temptation would be to put off the wedding, they said no. >> i think they were probably having sense of urgency, because you never know you know when your time is up. and they said, you know, no time better than now. you know where they found energy, after the run, then, you know tragic event is remarkable. melissa: to have emega emotional energy and physical energy, we tom. it has been a bad week for people who just want to be safe. also unsettling is billions we've spend on security but it is all for naught, some of it is a waste, some is for show, some has been useful, off site mail

facilities that sniff x-ray, scan mail and government facilities, and it made a difference this week, seems like after that a good security expenditure, and starting next thursday. tsa will allow you to carry the small knives onboard aircraft, i don't like it but i get it, they should be looking for explosives, not nail clippers, they need to spend money on detecting bombs whether on the street or airport, we're about 99.9% protected. we'll never be 100% safe, let's not ramp up instructions on our liberties to, chief the impossible. melissa: thank you, tom. and be sure to watch tom sullivan show this weekend. you can catch it at 7 and 10:00 p.m. saturday, and sunday at 7:00 a.m., and 7:00 p.m. eastern, it has been quite a week. everything that happened in boston and think