thank you, stuart. stuart: god bless you sandra smith. we love you. sandra: thank you. i love you also. dagen: here is hoping to her going into labor this hour. that is a ratings bonanza right there. connell: oh, please. good morning. i am connell mcshane. dagen: i am dagen mcdowell. today's adp report is not good news for this country. connell: keep printing the money. cme admits high-speed computers give traders the edge in markets. dagen: pro- immigration groups ring in the new month with nationwide rallies to support their calls. douglas holtz again tells us why

immigration reform a boost. connell: we will see what our buddy walt mossberg has to say. those studies and more coming up on "markets now." ♪ dagen: walt is here to talk about his spring laptop guide. connell: absolutely. that is kind of interesting. i don't know if the tablet is on its way out or not. dagen: we have nicole petallides at the new york stock exchange. nicole: we have completed april.

the adp report came in weaker. we will continue to see what the committee will be saying. merck has been weighing on the dow jones industrials. the majority of the dow components are not moving dramatically. connell: thank you. adding the fewest number of jobs in seven months. there it is. is this a sign of an economic slowdown that is really on the way? >> yes. it is definitely a sign of an economic slowdown. particularly what was troubling is that manufacturing jobs.

they appear to be down as opposed to providing some stimulus as they did in the past connell: that gives us something to talk about. this whole debate, the debate that is out there in the editorial pages, one of the things in the research was that they said rising levels of government that eventually lead to weaker economic growth. where do you stand on that? do we keep spending money like we are in the u.s.? >> i think the fed's policy will continue to move ahead.

they are really committed to their long-term security purchases. this still was a negative relationship. more debt over time. in fact, it was associated with weaker economic growth. when you went from 30% to 90% there was still that negative relationship. connell: as you say the fed will probably keep doing what you are doing, is that in your mind the right approach? should we turn more and being worried more about that to gdp? >> in the short run, yes. fiscal policy has to change.

connell: say we start cutting big time. i do not know if that will happen, but just say hypothetically. you are saying that we can still grow. >> it all depends on the magnitude of the growth. it is not a detriment to the overall thrust of the economy. there is a short run negative. it is fundamentally putting the country on a diet. it is inconvenient in the short run to go on a diet.

connell: john, thanks a lot. dagen: at the chicago merchants out exchange says, yes, they do have an edge over everyone else. connell: adam shapiro joins us now. >> millionths of a second between the time a firm is placed in order with the cme get confirmation of that order before everyone else finds out. their computers can figure out which correction to try to have an advantage and exploit that advantage over other investors. "there may be times when customers can experience a latency of a few milliseconds.

these instances are not consistent and very across asset classes". there are a lot of people who do not like it. you have the congressman from massachusetts who sent a letter to the sec. it has very real and dangerous implications. fox business has reached out to see if they have a statement. they have not responded. they will implement additional hardware, software and architectural upgrades. timelines, if you are not hft, you are at a disadvantage. back to you. dagen: hi speed to high anxiety. the immigration battle continues to heat up in washington. what is the upside of that

perform? you are a numbers geek. i mean that as a compliment many people argue that when they are concerned about immigration that those immigrants initially are a drain on the economy. could add to the deficit. you found an economic benefit. >> certainly. immigration reform is an opportunity for policy. you could get faster economic growth, which we desperately need. that would translate into $1500 for american men, women and children. that would help the deficit. the key insight is that the native born population in the u.s. do not have a lot of kids. all the future population growth will come from immigration.

this is an opportunity to have the right kind of immigration. the opportunity to get immigrants here. they work longer. they work more. they bring more businesses. we can benefit from all of that spore are you happy with what you see in the immigration reform that was presented in the senate? it was 800 pages. >> it is very complicated. i will not pretend to know everything in that bill. no one will be entirely pleased with any bill that passes. there are a lot of different issues. what i am hoping is we will not lose sight of the economic opportunity.

we are not growing fast enough. we are not doing enough things to help the economy grow. dagen: if we do not do anything, where does that leave us ten years from now? >> we will be suffering from a much smaller population with about 10,000 baby boomers retiring every day. we will have very expensive entitlement programs. it is not a picture i like to contemplate. dagen: do you worry, though, just before we go, there is kind of a proposal that is moving forward over in the house. some worry that that means everything will not get taken care of. is that a concern for you? >> i leave it to smarter people.

we do not serve economic needs. whether they do it in pieces, i would like to see it done well. dagen: wanted we all. thank you for being here. connell: the latest auto sales figures are rolling out. we are also seeing more americans keeping their vehicles for a longer time. dagen: big energy fund right here in our own backyard. traders are budging about it at the cme. we check on sandra smith to see if she is going into labor yet. we are looking out for sandra. connell: absolutely. dagen: we are also watching out for you. we are watching the price of crude oil. we will be right back. ♪ everybody has different investment objectives,

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♪ connell: breaking news. the boston police have taken three more suspects into custody in their investigation of the boston marathon bombings. we do not know any information more than that. three more suspects taken into custody. let's go to nicole petallides. looking at dreamworks. nicole: we are seeing the stock on the rise. they came out with their quarterly number. guardians was pretty much a flop. the crudes has done very well. they reported better than expected quarterly results. nicolas cage voices that impart.

the stock is really reacting. i wanted to also take a look at source fire. of more than 10%. it has given back in the last few moments. they have price targets raised over at ubs. the company executives noted that revenue to grow despite weakness in spending. back to you. spew forth tomorrow, all day long, we are taking and in-depth look at the business of travel. you have to tune in to see what we have. time right now to make some money with charles payne. here to discuss the contradictions of the market and the economy. charles: a lot of people watching this go scratch their heads every time they see the markets. we have the adp number out today. sort of shocking. 119,000 jobs. i think in november we were

240,000. straight down from there. 60% of these companies have missed on the top line. typically, the market goes from earnings. i have never seen anyone really value the market on topline growth. sometimes, it is innovation. sometimes it just firing people. i think we have a combination of all of the above right now. it gives people pause. to a certain degree, that can be a mistake. dagen: the federal reserve is delivering on what it wants to. it has finally forced money into the stock market. charles: we are talking about a rally that has now become the longest in history.

for me, i think that the fed impact comes later on. people really come back in droves. you have naysayers turn around. yesterday, we get this number out from case shiller. i looked at the numbers and there were seven cities that had numbers up month over month and year over year. by the same token, home ownership at the lowest level since 1985. i could not go back far enough i think that might be post era. dagen: did you start using words like outrageous. that is what you hear from politicians. they think it is un-american right to own a home in this country. a lot of people are better off

renting. charles: it is cheaper to own than to rent. i just think that there is something interesting. at some point, we do need legitimate job growth and income growth. we want the real definition of inflation. too much money chasing too few goods. we are nowhere near that. connell: more throughout the day from charles payne. dagen: charles scott thank you. a new fox news poll shows americans would vote against the president's health care law right now. walt mossberg. he has a spring laptop buyers guide coming up for all of you tech and normal people out there. walt is straight ahead. ♪ with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies...

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♪ >> 23 minutes past the hour. i have your fox news minute. protests in several countries. twenty-four hour strikes. protesting government reforms. payouts in the venezuelan parliament. a dispute over the president narrow election when. it turned violent.

they are refusing to accept the outcome of the vote. they are charging voter fraud. the battle for the secretary of state john kerry's vacant seat is on. gabriel gomez will face had marquis who have served in the . bold eight weeks. those are your headlines. dagen: thank you. can we rewrap that venezuelan video? that was awesome. auto sales. coming in strong. the big three automakers all posting double-digit increases. we are missing chrysler. chrysler is up 11%.

connell: people are keeping their cars longer. we have jeff flock standing by. jeff: sales are shiny. take a look at this. this is my car. i bought this in the last year. i tell you, the newly minted ceo of turtle wax, exclusively on the fox business network today. you like it when they sell more new cars and when people keep the old cars longer. >> absolutely. we are in the business of cleaning, shiny and protecting all cars. jeff: it is an iconic american rant. my car has never looked better. what is that, by the way? >> that is one of the classic products for the consumer to keep the investment in their car going.

jeff: you have many products. >> yes. jeff: give me a sense of this. when we see an upturn in the auto industry, just like we were talking about the housing industry yesterday, it affects so many industries. >> absolutely. a car is the second biggest investment a consumer will have. you want to protect your investment in that car. jeff: take me inside the lab here. we are going to spend the day here talking about innovation. >> as the consumer changes his preference, innovation is what keeps us ahead of the curve. we lead in the innovation

segment. how do people wash their own car? >> we just invented the new product. it is eco- friendly. with the drought last year, there are many communities with water restriction. this allows you to wash your car with only a bucket of water. to balance. that is it. we demonstrated it at the auto show. even in urban markets. jeff: we will see that in action. take a look at this. here is the one side of my car. this is the dirty side. this is the side that looks great. dagen: thank you, jeff. the boston police department have reported this. fox news reporting that they

were people have been arrested and taken into custody related to the boston marathon bombing. police will not confirm to the gender of the arrest nor what time they happened. we were told all further comments have to come from the u.s. attorney's office which indicates that the suspects are in federal custody. we also want to point out that they were arrested by federal authorities. it seems as if charges have already been filed. those documents are still sealed. details will come later in the day. again, three more suspects taken into custody. connell: bill daley joins us with more on this breaking news by telephone right now. your thoughts. >> hello. certainly, i would probably say,

the fact that we had other people who had some involvement in this matter. enough to warrant arrests. we do know that there were some people who were taken at least into custody who were in an apartment in cambridge who were students. the ones pictured in a photo with the younger son back here in times square last year. we do not know if it is related to that or if it were other people. quite a stunning turn. as these investigations go forward, we do not know what other connections may be made. dagen: what does this say about

the depths of this investigation and how quickly investigators seem to be moving forward? >> certainly the nature of this incident is one that has gotten worldwide attention and certainly the attention of the u.s. government at the highest levels. they have really been pulling out all of the stops. they are looking at every rock. also given the fact that there were these early warning signs, a letter that came from the russian government, i think they want to make sure that every angle is explored fully. as a result, i think that is what we are seeing today. it goes to show you that sometimes these people claim they act alone, there maybe

other people who are at least aware of what their plans are or assisted them wittingly or unwittingly. connell: especially if charges have already been filed. >> exactly. holding someone as a person of interest is at a different level than when you actually arrest people and it appears as though the u.s. attorney is involved. this is a thoughtful act and it is one that requires the gathering of information enough to convince the u.s. attorney that a prosecution is warranted and they feel confident that they could process charges against these individuals.

connell: the breaking news out of boston. three more suspects have been taken into custody. it appears arrests have been made already. we do not know much more beyond that. dagen: i want to give credit to the fox news producer at the justice department. more to come later in the day. we will bring you anything as we get it. walt mossberg is standing by. you will hear from him. sandra smith and so much more. stay tuned. ♪ i'm telling you right now, the girl back at home

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>> more breaking news on developments of three more people taken into custody according to the boston police in the investigation of the boston marathon attack, reporting to fox news producer adding to that that charges against these three suspects

accuse them of some sort -- providing assistance or cover to the two main suspectings in the case, and the brothers, and that's what we know or told by sources that have talked to mike levine at fox news, accused of providing some sort of assistance or coverage. dagen: they have been arrested, appears the charges are under seal. we'll get more and give it to you as soon as we get it. stocks now, back to the corner of wall and broad annie coal, any potential market reaction? >> obviously, breaking news here, and suspects now in custody, and so we were taking a look at the dow, s&p intra-day, markets relatively quiet at the moment, been in a 10-point range

moments before 1 # a.m., so not moving around too much, but this is a day we have down arrows, this, at any moment could be the market moving event. the dow jones sitting at 14,000873, dropping a couple pointings, a short time ago, and we'll continue to watch to see whether or not we have any direct market reaction pertaining to headlines as they cross. con cop thanks, nicole. dagen: in the market a for a laptop right now, this spring, you're in luck because the annual spring laptop buyer guides. connell: joining us from all things digital, walt, good to see you, sir, and -- >> great to see you guys. >> confused buying laptops? well, he's the deal, last year, you know, two a year, one in the

spring and fall. last year in the spring guide, i said, look, a lot of laptops to take advantage of it, hold off, wait until the fall. okay, window 8's out, laptops are out, go and buy one, that's my advice, and then when i -- when i took a look at it, over want last week or so, going through the stores and so forth, i realize, and you reported this, that one reason for the big plunge in laptop sales that we saw last quarter was that there's a stumble by the computer makers. some people don't like windows 8, and that is the issue, but they may have made the wrong computers for windows 8, too few touch screen computers in the

stores, and those there are much more expensive than what windows buyers typically go for. secondly. it can be a laptop and tablet and turn out to be an okay laptop and pretty heavy, thick tablet, so what i'm hearing is that they understand, trying to regroup, trying to get more touch screen machines, and once again, my best advice is wait. dagen: walt, talk about what is interesting is when you look at the max, you know, the mack airbook in particularrings that's the one, apple known for touch screen, and they do not have touch screens. >> that's right. i don't know what apple's planning, but i don't think they

are planning a touch screen on the mack any time soon. there's a reason for that. as you said, they are known for touch screens and make and sell more than anyone else, but they're in the form of the ipad and iphone. the mack is not designed for touch screens, and, in fact, either is the traditional windows operating system. it works on touch screens and win does 8, but the real touch feature is something new they laid on top of the traditional windows. somement a mack with the touch screen, but they do well, and i think it's a great combination of weight and thinness and ruggedness and speed and all that kind of stuff so i don't expect the touch screen from them any time soon. dagen: walt, quickly, the ceo of

blackberry yesterday made some comment, stupid, according to some, that all tablets will be basically dead in five years. i can't imagine you buy that. >> i don't. i think the tablet is a big deal. i think it's here to say, and evolves, and five years is a real long time in tech, and it may not look like today's tablet, i suppose it could be right, but i don't see it, i don't think so. >> great to see you. back to the breaking news in boston. dagen: the boston police department said they took three more suspects into custody in the boston marathon bombing investigation. according to a source familiar with the arrest, reporting by fox news, charges against the three suspects accuse them of some sort of a assistance or

cover to the two main suspects. of course, one dead, younger brother, and fox news mike levine, the arrests, the three more suspects in the bombing have been arrested, and it seems as if charges have been filed but under sealed. more details throughout the day. incredible developments in the op going investigation into the boston marathon bombings. connell: started with a tweet earlier this hour, and adding to that moments ago, the poli department in boston tweeting "please be advised, there's no threat to the public," adding that as well from the boston police upon revealing three suspects in custody and may have been charged. the judge is up next, more o this, and the breaking news out of boston once the judge gets here. keep it here on fox business. ♪

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stockpiles. the institute for supply management says the index of national factory activity fell to 50.7 down from 51.3 in march. buying the remaining 20% stake in imc international that they don't already own. the price tag? more than $2 billion. buffet says because of the price his company is paying, you can see there's. significant growth in recent years. that's 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. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. connell: breaking news from the boston police dppt taking three more suspects into custody in the boston marathon bombings, an investigation and fox news adding to the report adding the charges against the suspects accuse them of providing some sort of assistance and/or cover to the two main suspects in the bombing. that is what we know at this hour as it continues to develop out of boston. dagen: lucky to have judge

andrew napiltano for insight. judge, not to speculate, but what do you think of this? >> lucky to have mike levine, who gets the information for us before the rest of the world seems to have it. from what mike was told and sharedded with us, appears these were people who may have provided assistance after the act. now, that could be anything. that could be misleading the police about what they knew about these people it could be harboring, but mike says it's not harboring, but hiding them. it could be giving them some material assistance. here's a sandwich. he's a gas for the car. here's a map. it is difficult to say because we don't know. if this is assistance after the act, this means that the public safety is not affected. these are not conspirators there trying to further the conspiracy. >> which the police department says. >> right.

>> it marines they were probably not involved in the conspiracy or preparing for this. it probably means that they were friends or acquaints who allowed the friendship to get in the way of the law which says you don't provide material assistance. anywhere from the justice, send the police on a wild goose chase to give them a place to sleep to a sand witch to telling a white lie to the police, anything in there. connell: what's the legality of that? we don't know what the people did, and it doesn't necessarily, i mean, some sort of wider plot or anything like that. >> the government would have to show knowledge and intent. connell: right. >> if they knock on your door, i'm your friend, i need a place to crash, and you don't know he killed three people and 250 and let him sleep there, that's not a crime, but if you know the police are looking for him, and you say, you know, hide under the bed, obviously, you

participated in efforts to escape, and you can be prosecuted for it. it's in that category. it's frustrating when the government says we've announced the people, operating, and that tells there's others out there a and says complaints have not been filed or not ready with a public statement, but i think they'll know within the next few hours. dagen: i want to reiterate something, that the police department says there's no threat to public safety as we were talking about earlier. is this the kind of force and direction and depth that we expect from the investigators at this point, that they would go after anybody and everybody who might have helped? >> well, if all the reports are accurate, surprised the boston police, that is boston cops made

the arrest. the arrest should be made by fbi agents. this is a federal case. it's in federal court. this is to the a state of massachusetts case, but there's tremendous pressure. we know this on the fbi to be thorough. look, we're not going to pull punches, they dropped a lot of balls already in this case. they want to be as thorough as possible because whoever is out there, who had anything to do with this, needs to answer if it, and the public needs to know there are not people walking around who may want to duplicate what they concocted between at least themselves. dagen: helping the brothers is a crime. >> depending upon the degree of help determines what level of criminality it is, what the proofs are, or whether these people can provide any assistance to the government,

and it adds to the legal issues and cast and character of the legal side p this connell: thank you, judge. three people in custody in the boston marathon bombing investigation. evre to come as we get it. evre to come as we get it. we'll erbybe right back on fox don't go g raway.k. 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 consider it carefully before investing. risk includes possible loss of principal.

dagen: sell off in april forcing copper to finish up. connell: most dedicated reporting on the day which she's due to give birth with the first child, sandra? >> thankings. well, unbelievable sell off in today's session, and these are commodities the worst performers for the month of april, copper

down 9%, oil down 7%. that continues in today's session, and oil prices holding just above $90 a barrel, down more than $3 on the session. we had an inventory report this morning that was very bearish. u.s. crude oil invenn stories, not the # 2-year high expected, reaching a record high. that is, obviously, very bearish. this is a wide driven sell off. crude oil prices falling, copper falling by the most in a year right now on a weak manufacturing data coming out of china, concerns about growth here in the united states, and that's all leading to the sell off there, guy, commodities down big time in today's session. back same time next hour, back to you. dagen: sure you're not in labor? sure? >> not yet, not yet. you'll be the first to know. dagen: thanks for the ratings bump, appreciate it. connell: good luck. dagen: seriously, very happy for you. beautiful inside and out.

connell: yes, we are, and yes, she is. more breaking news from boston, the federal reserve in the terrible adp jobs report and what big ben and company do about it, cheryl and dennis taking over, a stock strategist says no worries, they keep the cheap money coming. dagen: more on the bombing arrests, three marathon bombing suspects arrested. we'll bring you more as we get it. ♪ it's a brand new start.

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pull out the paper and what? another article that says investors could lose tens of thousands of dollars in hidden fees on their 401(k)s?! seriously? seriously. you don't believe it? search it. "401(k) hidden fees."" then go to e-trade and roll over your old 401(k)s to a new e-trade retirement account. we have every type of retirement account. none of them charge annual fees and all of them offer low cost investments. why? because we're not your typical wall street firm that's why. so you keep more of your money. e-trade. less for us. more for you. dennis: coming up on high noon. cheryl: i'm cheryl casone. sell in may and go away. first day of the month as stocks, gold, and oil down today. as we await the policy statement two hours from now, there's a guest who says don't worry, the fed's coming to the rescue again. dennis: terrible adp number

ahead of jobs number, you we have a guest who is exploiting it to hire the most qualified workers. cheryl: another scandal scaring off investors, exploiting systems at the cme to make money. dennis: live in boston where three more suspects have just been arrested in connection with the marathon bombing. first, top of the hour, stocks now every 15 minutes, and, nicole, sell in my, go away, what do you think? >> we will see. you see selling underway today, a day with down arrows, could, at least in part blame it on the adp report adding fewer jobs than expected, and we're seeing all three major averages, dennis and cheryl, down one-third of 1%. down 55 points, folks at 14784, the was closed yesterday at record all-time highs, pulling back a little bit, dow over five points, and nasdaq,

the tech heavy nasdaq, and yesterday, broke out to levels we have not seen since the year 2000. it's an exciting time here, but a little back and forth, and, of course, today, you can blame merck who came out with the quarterly numbers, and those reports and outlook cautious, like pfizer. it's more treen pied these days, and merck is a lagging on the dow jones. walmart leading the way. back to you. cheryl: thank you so much. see you 14 # minutes, dow down 55, not a lot of movement with breaking news from boston. tough to find anything positive to say about today's adp jobs report, just 119,000 private jobs in the month of april, the fewest in seven months, far less in the forecast. joined in chicago by the chief market strategist, scott mar martin. you know, it's the federal

mandate, and when it comes to the latter, you say they are ready to act, not worried? >> no, i'm not, cheryl. i mean, the only way they don't act is if we get to the magical 6.5% unemployment rate, which we all know we're going to get there because flee more million people drop out of the work force in the next year. i think the fed is going to realize that. i mean, they are not dummies saying, well, the number's not really the number it should be. i don't know where full employment is, cheryl. it's not 6.5%, probably lower, but how we get there is key. cheryl: to rephrase, you think the fed is going to be staying on that bond buying program, $85 billion a month. when i say you're not worried about it, you say the fed is to support the markets and potentially, potentially the jobs picture? >> yeah, i don't know how much the fed is really helping the jobs picture. a lot of the clients, cherem, are small business owners not hiring because the fed is doing what they are doing, but the point is well taken. the fed, i think, cheryl is

addicted to the monetary stimulus as the market is, and just like a company out there that has earnings and reports that they have to make every quarter, the fed doesn't have to do that, cheryl, so when people talk about unwinding of the balance sheet, they can hold treasuries forever without unloading them. cheryl: talk about what you watched, sectors with you, you, back in january, talked about pharmaceuticals, and, i mean, that sector has been a strong performer, but do you stick with things considered more defensive now as we've seen, again, new highs for the s&p last night? new intra-day records, dow near a high, where do you stand? >> i think you absolutely stick with those sectors, cheryl. you mentioned pharmaceuticals, a call five months ago, if you bought it in the 401(k), you laugh to the cleaners holding that one. same with utilities, talk about utilities after the super bowl brownout in new orleans because they are defensive plays to your

point, but guess what, they are the best performers year to date because of the dividends. people at home have to look at nose, and if you buy it in the 401(k), that's a great place to be. cheryl: what do you make with the market today? we're looking at a day where there's oil, gold, stocks, everything down. not to bring that silly saying "sell in may" go away," but it can't help but wonder if we're gong to see what we saw for the last three years, summer comes, quiet, fall, a random sell off, and back where we started. what do you think of that? >> i like how you said that, "random sell off," no, that was cool, three year losing streak on may, you're right. what are people going to do, cheryl? we know we've seen all year, a 2% dip bought heavily, you know. people come in and don't wait for the bottom to drop out, so, to me, if we get any pull back in may, it could swoon into june, but i say people should be

buying it because, to me, with the fed involvemented we talked about, stocks are the only game in town. cheryl: i agree the target is -- stock market is the most attractive play, better than the bond market. there's concern, really, with stimulus, and the fact it's continuing to come in month after month and ben bernanke is not going to stop the spigot, you actually get into a deflation their environment over the next year or so. do you buy into the word, the term "deflation" at this point? >> yeah, i put chips in that camp, cheryl. the commodities are a disaster area for the last six to 12 months, gold, copper, silver, platinum, aluminum, oil, pick out what you want, related to inflation is down huge over the six to 12 month period, a deflation indicator to me. cheryl: interesting. a lot to watch. scott martin, good to see you

hearing from the fed in the 2 p.m. eastern hire. thanks, scott. >> all right, see ya. dennis: tepid job recovery, increased focus on internal promotion helped the talent and management company grow enpoe then issuely. joining us the cornerstone on what happened, adam miller, thank you, adam, adp had a lousy jobs number, 119,000 new private sector jobs. we wanted over 150, i think a.what do you see as you advise companies on the hiring? >> well, we are seeing a true bifar cation of the market between skilled and unskilled labor. it's difficult today, the unemployment numbers bear that out, and for recent college graduates, high school graduates, and unskilled labor to find jobs, at the opposite end, it is extremely easy for skilled labor, experienced labor to get jobs, and so conversely, companies are having a very difficult time finding qualified

talent to fill more advanced positions. dennis: part of this is the entire shift the economy's made from micking stuff to instead accident happening digital bits on the internet and skill sets have not kept up, i assume. >> exactly right cop bibled with the rei -- retirement of the baby boomers. dennis: yes, and many in mcdonald's jobs. if the online revolution helped us look at jobs online and jobs like yours advise employers, why is there a gap between skills and openings? >> well, there's not enough people because retirement, the baby boomers, genx a smaller generation in terms of the number of people, and those working, in combination, there's not enough people to fill jobs that require experience, and so you either retrain the work force or aggressively source and

recruit new candidates. dennis: internal versus external, you bring in new blood, but they are increasing inside, and there's the talent, but they didn't know it? >> absolutely. companies are much more reasonable about understanding what are my high potential employees in the company? maybe junior employees who might not have 5 loot of experience, but potential and put them on executive development tracks, also taking mid level managers and making sure they are getting trained to take those jobs, making sure they are developed properly, but making sure the company's retaining people for better engagement of the employees and ongoing career development. dennis: ge, 250,000 people on the e-mail list, you know, an engineer has no idea what an engineer works on elsewhere, and internal corporate facebook helps them get acquainted with the skill sets. >> exactly right.

as there's distribution of employee basis combine with older employees, coming in, older employees retiring means you really 79 to connect people together, keep them engaged, connected, and shares best practices. dennis: your stock, i think, doubled in the past year or so, so, you, obviously, make money help companies do that. cheryl: breaking news in the last hour of markets now, the breaking news out of boston, authority taking three more suspects into custody in the boston marathon investigation. mike levine says charges against three new suspects will have to do with offering some sort of assistance or cover to the two main suspects. mike is reporting the charges have already been filed, but they are under seal. we'll continue to bring you the latest on the stories as we get it, but fox news reports three additional suspects taken into custody in the boston marathon

bombing attacks. there is this, the chicago merck exchange says they are admitting high frequency traders have an edge over everyone else. adam has that update in a story in this morning's "wall street journal," and you have been following this closely. >> like the old line from the song, the rich get rich and poor get children, and those tied into the cme are getting what they call latency, the confirmation of the orders, milliseconds before that confirmation hits the public spheed, but those milliseconds are enough for the firms if they have the right software and technology to trade based on direction of their order, and they can take advantage of that and exploit it, which they are doing as l "wall street journal" pointed out. we got a statement from the cme admitting, yes, there are firms which are doing this saying that at the cme, they are implementing additional hardware, software, and architecture upgrades designed to further reduce potential

discrepancies in processing times. what we are talking about, essentially, is igh frequency trading, always been associated with stock, but now you see it's done with futures. you have the congressman out of massachusetts who back in january sent this letter to the ftc saying, i believe high frequency trading is a clear and present danger to the stability of the markets. we reached out, washington time, we'll get a response next week probably. back to you. cheryl: you know that very well. adam, thank you. dennis: coming up, you know the adverse is wrong, a guest who says so saying by munis now. cheryl: legal to pay with gold and silver, filling you in which state it is. as we go to break, look, hey, at the metals, why not. gold, silver, copper down today, a lot due to the negative news from china, and, of course, the jobs report. we'll be right back.

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cheryl: looking at a negative session for all three major indexes, frankly, but pfizer and watch amex, raised dividends. quarter after the hour, time for stocks now, and nicole is on the floor of the new york stock exchange. nicole? >> a group that moves the market one way or another. when they talk about the markets, they look at the financials, tech, and energy are doing because ted of newport securities says if there's a lightning record in the market. today, pulling back, near bank of america, dow to the town, 1.4%, jpmorgan as well. think of earnings season, majority of ompanies doing well with earnings per share, revenue light in some cases because of the energy or materials and the

like, but over the last four weeks, this group has done well, up between, let's say 2-4% relatively with the exception of goldman sachs, to the downside. people hold these in their portfolios, back to you. dennis: thanks, nicole. cheryl: at 5 p.m. eastern time, melissa francis has an interview with the jpmorgan co-coo and top lieutenant to jamie dimon who just stepped down, reasons for leaving, and what's it like to be in the inner circle? don't miss that coming up on "money" with melissa francis. depp den money with charles pain, this hour, was a purveyor of food porn, whole foods, charles? >> well, again, i got to tell you, maybe we're not -- maybe people gave up on porn, certainly the food porn stock is down, but it's to the point where it's attractive. here's the problems the company faces. last time they reported up 6.4%,

and here's another problem, maybe it's coming off the road, source 8-11 years old, sales up 5%, five to eight years old >> 7%, less than two years, 13%. the older they get, they fade a little bit, maybe people see things, and, of course, we see regular supermarkets go through the roof lately, but i think that is a little bit hyped. in other words, they are really attractive numbers, aggressive stuff, and when they report on may 7th, i want a bump in the soles, love the reregard, a double baht m, and breaks out soon. it's going to break up, and go back to a hundred dollars. cheryl: same store sales, are you concerned that's the driver of any retail -- >> it is the driver of any retailer, and that's the thing to be worried about, but some is baked into the share price right now.

dennis: all right. double bottom, classic double bottom. >> can't go wrong. cheryl: like the mix of industries, especially for somebody who likes eating at whole foods. charles payne. >> all right, see you. cheryl: more arrests in the boston marathon bombing attack, we'll have latest on latest breaking story from boston. dennis: new car sales soar in april, but jeff flock has a ceo who wants you to keep your old car longer, jeff? >> exclusively with the ceo of turtle wax. this, if you didn't know, is a 69gto, looks like the day it came out of the showroom. we'll show you how it got that way and talk to the new ceo exclusively on the fox business network of the turtd l wax company, an iconic american company. you'll see it only here. ♪

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dennis: breaking news, to boston, and fox news' peter for the late ease on the three new arrests in connection with the marathon bombings, peter?

>> that's right, dennis. we know that the three new suspects who have been arrested in connection with the boston marathon bombings investigation are charged or will be charged with assisting the brothers, the two primary suspects, at some point after the bombing. we're told that two of the men among the three new suspects are kazakhstan and went to the apartment after the boll k a day to remove computers and other equipment and then tried to dump it somewhere. now, the two kazakhstan men were already in custody for visa violations, already in a courtroom for something unrelated to today. this, obviously, is making the charges against them worse. we have no idea who the third new suspect is, but, again, that bringing the total number of people in some way involved in this bombing to five, the two brothers, one alive, one who was 40 miles from here in a federal

medical facility, and then these three -- something else we don't know at this point is whether or not any of the equipment that these men took out of dzhokhar tsarnaev's apartment had anything to do with the boston marathon planning or investigation because the thought is that most of the actual plotting happened at the older brother's apartment or over at his house, so, again, the boston police department promises more details today. the u.s. attorney told us a few minutes ago the three suspects have not been brought to court yet, but there's a lot of anticipation building to see them. people ask me when i talk about it, and i hear and see the news helicopter over the courthouse just down the road here in boston. dennis? dennis: all right, thank you very much, peter. we'll keep you updated on that story. cheryl? cheryl: well, april auto sales strong with the three auto makers posting double digit increases so do the numbers

signal americans buy american-made vehicles again or keeping cars longer as many since the recession. jeff flock is by with a company benefiting from this international cars, jeff? >> well, yeah, you know, this is both true issue checial. people are keeping cars longer, 11 years for the average age of the car, and in addition, this is a new car, and i got steven, the ceo of turtle wax both helping the business. >> absolutely. it's about the shine, clean, and protect whether the car is new or old. this is a 2013 car, just did in the new product, rinse free and wax. >> this product, they washed this entire car with one bucket of water, about a couple gallons worth of water. you don't have to rinse, but wipe it off? >> absolutely. great con conservation saving 8f water and 140 gallops. >> it's tough for iconic

companies to innovate, and turtle wax dates back in history, everybody keep of knows it, but you have new products. that's key to your growth. >> we have to. we always have to make sure the consumer is taken care of, and innovating is the key. >> this is a company, turtle wax, talk about innovation, and you still, this is a family owned company. a lot of people don't know that turtle wax is owned, and the tv networks care about publicly traded companies, we care about it at fox business, a privately held company by a woman; correct? >> by sandra who started the company in the 40s, waxed the cars outside wrigley field, married dennis, a chemist, and he is credited with growing the company, but it's still in the same family since the beginning. >> look at the other stocks of car, you know, the companies that benefit from, you know, the part of a tentacles of the auto

industry, and that's why it's so big. good looking, shiny car in the sun. spring has come to chicago. time to wash your car. cheryl: car makers, part suppliers, so many sectors that relate book to what you talk about, jeff. jeff flock, live in chicago. jeff, thank you. dennis: at 1 p.m., a fox business exclusive, i interview outgoing fcc commissioner, his advice for incoming chairman tom wheeler nomination announced after two o'clock, an interview you don't want to miss. cheryl: a great interview. raising the roof on hiring with a day of disappointing private sector numbers. talking with the president of red roof inn creating thousands of jobs. dennis: former mobile phone lobbyist as fcc chief? the controversy over that idea coming up in my "media minute," and meanwhile, the s&p winners and a few losers. ♪

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cheryl: big ben to the rescue, and traders bet ben bernanke and fed keep cheap money coming as they wrap up the meeting an hour and a half from now. whitney wrong on bonds as says the next guest advising to by munis now. three new arrests, we'll keep you up to the minute on that breaking news coming from boston, but it is 30 past the hour, and stocks every 15 minutes, mastercard, a big earnings winner. what are you watching? >> mastercard in particular because there are some words here, cheryl, that no one wants

to hear pertaining to any company, "choppy, cautious, and dodgy," bringing you over to the post, but in the meantime, it's a sluggish economy, and the numbers have hit mastercard, down 2.3% and consumer spending is something they are concerned bow, given a cautious outlook, talked about choppy performance recently, the second quarter so far looks a little dodgy according to the ceo. they came out that card purchase volume increased 10.5%, but numbers missed expectations, and as a result, mastercard is under pressure. that's what we are looking at. back to you. dennis: thanks very much, nicole. whitney called for a sizable defaults in the muni bond market two and a half years ago and reiterated the dire warning despite the fact it's not come

true. he helps readers make tons of money going against that advice. we have the editor of retirement millionairement thank you for being with us. not only was she wrong in the call, but her call actually knocked down the prices of muni bonds so your clients could make more money than they otherwise would; is that right? >> absolutely true. she was wrong then, wrong today, created fear in the market, and i think in the time, late 2010, when she made the call, mexican bonds traded as if they were less risky than california bonds. i thought that was absurd, and at the time, i recommended to my readers they get into the bonds and that cohort, they are up close to 36% to 37% over two years, limit over two years. dennis: i talked to other managers and wealth advisers about the same, but i was

sprizzed when she came out and said this month and a prominent story in the month of april. is it just hard for the advisers and big prognosticators to take the hit saying, look, i blew it, i'm wrong, just double up and stick with it? >> may be. also, you know, fear sells a little. i don't understand it because california is hag a budget sur plays, other places i travel around the world, around the u.s. a lot, seeing this slowing, grinding economy, meaning more tax revenues for states meaning they can pay the bonds off. i don't understand the call again. dennis: tobacco bonds another, guaranteed, never going to default, and as soon as they start fear, it spreads. you have a couple funds you talked about, three new funds, talk about those. >> yeah, so the three funds, you know, i might add we initially got readers into this back in 2008 when we had the collapse in the stock market and it was the

enof the world, people who bought then, that fund is up 88%, but, yeah, the three funds are investing in a basket of municipal bonds, and so the risk is diversified. if you get a default in one or two bonds in the portfolio, yao not at risk, you know, o opposed to buying individual bonds. it's three bonds that i have readers in, the latest one, just last month. dennis: okay. given whitny was wrong on the call, does she no longer have the power to drive down prices making it a good investment for the clients? >> less power now that i'm in the game. i just -- yeah, i don't think she has that much power anymore. dennis: explain the beard, based on a vow you made to your readers you will sell only when you have a loss position that closes out. how long's the streak going? >> 118 winners over two years, and a a hundred, we started this, it's a trading service, i'll grow a playoff beard until

we lose one. it's getting scruffy. dennis: i think they are praying for a downturn. thank you for being with us. >> thanks for having me. dennis: okay. cheryl: we have the latest on breaking news out of boston marathonnen. three new suspects in custody in the boston marathon bombing investigation. mike levine in front of the story with the sources telling him the charges against the three suspects have to do with offering assistance or cover, obstruction of justice, something like that, and the charges have been filed, but they are under seal, and bill daly, former fbi invest gaiter, and thank you for joining us. we are seeing from mike the third suspect can now report is a u.s. citizen. a lot we don't know. more this afternoon from the federal chart in boston, but we had so much reporting overseas about the leads pursued in russia, that u.s. investigators

have pursued this for who knows how long now. >> since the day of the incident and despite the arrests in the death of one of the brothers, they turn up every rock, as many as possible, to see who may have had knowledge or be come police sit with the event or the subsequent events after the bombing, so at this point, too premature to talk about why they were arrested, but it's serious enough that the u.s. attorney has been involved and has allowed for these people to be arrested, which means they believe there's a prosecution possible, the people violated federal law. >> two of the three suspects we do know are from kazakhstan. one now reported as a u.s. citizen. does that mean anything to you? >> we know that the younger brother's now in custody drafled to new york, in fact, there's a chilly photo standing with several people here in times square, and two of those are of the same people who he shared a

room with up in cambridge outside of boston with suggestion that, perhaps, it could be tied in with evidence that was left behind in the room or some other statements that they may have or may not have made to federal authorities. cheryl: how crucial is it to get a hold of anything from the younger brother's apartment, could be computers, any type of phones left behind. how crucial were the pieces in the investigation? >> yeah, i would say these are crucial, these are crucial because it's going to tell you, you know, perhaps when the preplanning went into it, if there's any communication with other people who may have had knowledge of it or in any way influenced it, and gives you idea if there's funds or support from individuals, and so i think it can be a very telling sign so that type of evidence, if it was not in any tampered with or disposed of or in some way lied about to federal authorities is a crime, and although it's important, it could be

prosecutedded on its own merits. cheryl: helping a friend could be deemed obstruction of justice at the end of the day. >> absolutely. i tell people is be mindful if anyone has a conversation with you about anything that borders on terrorism or any other crime, it doesn't mean that you have to see them actually putting together a bomb device. if they talk about it, they are con spying. if you have knowledge, you have a responsibility to probation r. cheryl: bill, thank you very much, sir. >> you're welcome. dennis: red roof beats the competition with a room rate of 60%. the job creation and expansion plan is next when we are joined by the president. cheryl: and coming up in the "media minute," president obama's new fcc nominee, tom wheeler, friend or foe? dennis will tell you about that, but as we head to break, take a look at the 10-year treasury. ♪

>> oil posting its steepest drop today since november on surge on inventory. latest report from the energy department shows a expwrump in crude supply more than four times higher than expected, and kodak expects to emerge from bankruptcy protection between

july and september, and under the preorganization plans, the new kodak focuses on commercial imaging and printing as well as provide professional services to the markets. taking the idea of a film short down to new levels. molecular levels,ibm made the tie yiist stop motion movie ever, repeatedly rearranged to show a boy dancing, and the title? a boy and his atom, that's the latest from the fox business network giving you the power to prosper.

cheryl: a stock alert in the travel sector, hyatt hotels dropping 20% on impairment charge of a revenue that adds up for the company, they have aggressive expansion plans, but the stock down more than 5 #%, and i want to give you the

intra-day for the pressure the stock is in right now as you see from the opening bell, the stock twaim took a turn for the worse. now, we want to let you know that coming up tomorrow, the fox business network is going to look at the business of travel doing an all-day long reporters all over the country, and i'm in the heart of times square looking at the hotel industry and talking to the ceo of new york city and company. don't miss a minute of the full analysis and stock analysis as well of the travel industry. speaking of travel, red roof inn, travelers know the hotels very well with the next gen renovations. 3,000 jobs created by the company with 150 renovation projects. the red roof inn president joining me right now. glad you're here on a day like tea, andrew, with the rather troubling adp number. put it there, but you are creating jobs and expanding. how are you doing it? >> well, cheryl, the -- there's

a couple reasons why red roof is expanding and creating jobs. first, this summer, we're expecting to have levels at the hotels that are above any levels seen in the past decade obviously meaning more jobs at the hotels, but, also, we found this to be the right time to expand and renovate properties. across the united states, we've completed over 175 renovations and put more than 3,000 people back to work. cheryl: 60% for you is the industry standard, the bell weather for profit, and you are hitting there. who do you think your min competitors are? i know you edge into holiday inn express and comfort inn, for example, but who do you consider the main competitor? >> well, we fit into that sweet spot between the economy players and the mid scale players, and what that's meant for us is that rerenovated a lot of our -- the

customers, the first-time customers coming from the mid scale group as long as that's the holiday inn express, hampton, and those brands the customers always associated with quality, and now they are trying us and realizing they come to a red roof inn, get the same qawght, but the price value relationship is better. cheryl: the hospitality industry, the 6th largest in the country, 14 million jobs created maintained by the hospitality industry, but it's a services sector. talking about the break down of the jobs. i mean, the most jobs assuming it's front desk and wait and staff like that, but what are the reck downs of the employee crowd? >> well, that is true. the vast majority of the employees are, you know, certainly in the service sector, and are either front desk or in housekeeping, but, you know, hospitality is one of the

industries that as an economy pulls from the recession, hospitality is the perfect industry for people who are unemployed and for people who are looking for first time employment, young people who need a job for the first time. the hospitality industry is the place that excepts and welcomes them, you know, with 14 million jobs across the united states, it's a key sector to get the economy going. it's really been a bright spot in the economy and has had growth that education seeded most industries. cheryl: $55 a night op average at the red roof, good deal. andrew, thank you very much. thank you for being on the show today. >> thank you. dennis: in today's "media minute," the next trillion dollar man, president obama in two hours expected to nominate tom wheeler to be the next chairman of the fcc, and before it's official, the pick is generating a mixed response. wheeler's been a chief lobbyist for the two biggest, most

powerful industries, the fcc rides herd over, cable and cell, having consumer groups in a tizzy, but other executives are worried he has a big obama fundraiser, executing the president's regulation, meaning more regulation, not less. a swing and a miss, all three, time warner, comcast, and viacom missed revenue, and beat forecast on the profit front. time warner down 1% as revenue was shy of 7 billion. comcast up 2%, 51 cents, beating the estimate by a penny, and up 4% despite an 18% decline in earnings, 6% drop in revenue, and cable sales stemmed a decline in ad growth. time for stocks now, big day for earnings where john is standing by. >> yeah, you know, we're in the

middle of earnings season. two keynotes today, one was merck and one humana. when you look at merck, they had to cut their forecast for the year moving forward citing the generic drug competition out there putting pressure on their product and how they market it moving forward. the stock is hit and down today. the other side to that, humana, they revised their earnings outlook moving forward to the upside there, and they boosted the company by back, and across the board, all membership numbers increased significantly there. the outlook on these two stock, one with a negative outlook, the other a positive outlook connects with the theme seen all along of conflicting data that we see leaving investors wondering back into the market, or do i continue to put money into this and stay on the sidelines? dennis: okay, humana good, merck bad. thank you very much. >> thank you.

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♪ cheryl: arizona lawmakers passed a bill making gold and silver legal currency. the coins are accepted starting mid-2014, and backers of the bill have concerns about the international monetary system, and if law, arizona is the second state in the nation to use gold and silver as a currency. gold and silver down, all day, thanks to bad news from china. sin city is about to score a new $30 million bowling center. the megabowl will be built by a hotel and casino to house national bowling events. bowling is big business for vegas. the 2009 championships browghts

the sphi $120 million in revenue. construction on the center begins this month. finally, monster beverage filed suit in federal court against the city of san fransisco for, quote, violating its constitutional right after the citizen's attorney demanded the company change its drink, label, and marketing materials. shares, the stock down 15% over the last year, and company reports first quarter results may. that's your "west coast minute." dennis: sell off in april, oil and copper finishing with the large education monthly declines in over a year. sandra smith in the pits of the cme with more on tea's trade, the time report on this show as she focuses on delivering a precious commodity, sandra? >> thank you, dennis. well, there are some precious commodities suffering big losses in today's trading session, crude oil prices down nearly three bucks, copper prices plunging, anything closely tied to the economy taking a big hit

today, and there's big losers in the b month of april, oil down 7% for the month, but the story with crude today, ie, crude stock inventory report, nearly 7 # million barrel build in crude oil supplies brought us to a record amount of crude oil in stockpiles right now. that was up from an expectation of a million barrel of crude. guys, a ton of oil now and a lot of analysts say it's because of the slow consumer economy here in the united states and sleconl prices big sell off today and for the month. copper prices falling the movant in a year today. slow manufacturing reports, slow economic data, u.s., china, biggest consumers of copper. worst performers in april, silver down 17%, rbob gas down 13%, heating oil, gold, and live cattle the worst performers in april as i hand it back to you

in chicago, and we have a fed announcement to cover. we'll be here all day, traders gearing up for it. cheryl: it's cheryl, good luck with everything. i'm going it miss you, but good luck. >> oh, cheryl, thank you, we'll miss you too, we'll be right back sooner than later. cheryl: all right, a healthy baby. thank you out in chicago. >> thank you, thank you. dennis: left out on the woman thing. the average investor left behind, cme says high speed computers give high frequency traders an edge. cheryl: the american dream, is it fading? lou dobbs weighs in as home ownership drops. dennis: i'm back next hour with exclusive interfew with the fcc commissioner on key issues and advice for president obama's nominee for fcc chairman. cheryl: three new arrests in the boston marathon bombing, and melissa and lori will keep youdi up to date as "markets now"

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♪ melissa: welcome. i am melissa francis. lori: good afternoon. i am lori rothman. today's report is not good for the economy. good enough to keep us hooked on the side. melissa: north dakota energy boom exploding. the state holds way more oil and gas than previously expected. whether this date is ready to deal with the boom. lori: and insider look at challenges facing the fcc chairman. president obama was nomination is expected next hour.