resorts. lori: then we will hear from travel zoo on where you can get the most bang for your travel bug. a trip down to the floor of the new york stock exchange. lauren simonetti. >> hi, ladies. the ecb cutting rates. stocks have to go up. up they are going today. we have a new all-time high. we had general motor shares really putting in a solid performance. their earnings and revenue beat expectations. losses in europe getting a

little bit better. back to you. lori: we will check back in 15, lauren. melissa: bouncing back above $93. they'll plan of price futures group is in the pits of the cme. >> when the fed is on your side, you do not want to be short. their recent run up extra push that we got a few minutes ago, the refinery could be down for a couple of days. that seemed to reignite the fire.

melissa: it is kind of surprising. if the refinery is down, it would not need as much crude oil to process. >> usually, what i have found is when a refinery comes down, the refineries that are upping going will usually pay higher for quality blinds. that increases the value. lori: interesting. he is a smart fellow. melissa: he still surprises me. we are getting a whole lot of info on the u.s. economy. brian wesbury is with us. great to see you, brian.

>> great to be back with you. lori: this long period of monetary easing is leading to to flow of inflation. >> i do not know how monetary easing leads to too low of inflation. it does not make any sense. when the fed is easing, we get inflation. the issue we have today is the velocity of money has slowed down. the fed has printed money, but the turn over of that money has slowed. i do believe in the next two, three, four years it will pick up. we are in a place of deflation today.

lori: you understand why a lot of people are raising an eyebrow. that is very clever and all. it is having the opposite of fact. if prices are staying low here for the long term, they will delay purchases that could be detrimental for economic growth. >> just because two things are happening does not mean they are related. the chicago blackhawks have won a lot of hockey games. it is not because the fed is easy. productivity is rising. that helps dampen inflation. the u.s. is becoming the saudia arabia, it is the saudia america. the bottom line is it is helping

dampen inflation right now. with the fed printing as much money as it is, there is no way that inflation can remain this low for long into the future. i do not believe that the stock market and corporate profits and the economy these days are growing just because the fed is printing money. we are inventing new things. all of these things are driving growth. i think that is one of the key reasons the economy is up and so is the stock market. lori: all eyes focus now on the next government read. maybe the adp report was also a disappointment.

>> if you take the adp at face value, we will have our 38th month in a row. we are at about 180,000 jobs for the month of april. that takes us back up into that higher end of the range. we call this a economy the plow horse of economy. it is not going to stop. it is just plodding along. we are getting 150-200,000 jobs a month. that is what we have been seeing over the past three-four years. i think that is what we will see over the first couple. lori: get used to it. thank you, sir. melissa: summer travel season is fast approaching. jeff flock is in chicago at the o'hare airport. peter barnes is in washington

looking at how the airline industry would change if air traffic control was privatized. i know a lot of people have had nightmares lately. >> today is not a bad day. they are trying to cut down on lines at american. who is this girl here? i see her walking up to people checking them in mobley. >> she is here to give the customers real-time information. jeff: she can issue a bag tag. show me that. you were the first hub to try out this new print your own bag tag.

>> self tag is where they have the boarding pass issued. the expedite the process for the customer. jeff: she is printing it out right now. this gives us ease of access. functionality. it is technology that continues to advance. jeff: the airlines have really gotten their act together. they have had a great year. the airline stocks have done really well. part of the reason is this new technology. always great to talk to you. thank you so much.

i am going to take that tag and go somewhere. melissa: do not go too far. [ laughter ] lori: why can't the private sector such jump in? >> the supporters of this like it because it would take it out of the federal budget. about 50 companies have done this so far. generally to good reviews and cost savings. >> that is the system that canada and britain has.

the federal budget problems would not interfere with the running of the system. jeff: this idea has been around for about 20 years. proposed first by the clinton administration. air traffic operations were subcontracted. bigger airports, this proposal has landed nowhere. it could risk safety, air safety, many politicians worry that the airlines would have to pay higher taxes and fees. they are worried those fees and taxes may be passed along to passengers who are also known as constituents. lori: got it. melissa: i don't know about that. private is always better. i still think that is a great

idea. after all that applying, you need a place to stay. luxury resort operator joins us just ahead. they have a huge project in the bahamas right now. lori: warren buffett sending his first tweet. melissa: what this may mean for investors and black berry and apple. lori: the new look for the struggling retailer. melissa: take a look at metals as we head out to break. gold is surging today. silver up better than 2%. we will be right back. ♪ everybody has different investment objectives,

ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. w'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.

♪ melissa: the oracle of omaha is getting social. warren buffett sent out his first tweet. he capped his first tweet simple saying war and is in house. he already has over 44,000 followers. i wonder if he tweets by himself or if he has someone doing it. i hope he does it by himself. lori: he is very funny. as we do every 15 minutes, let's check the markets. >> i think he uses the

blackberry, not an iphone. that is just me. the stock reaction today, blackberry down. you can see that one is up more than 20% and one is down more than 20%. melissa: thank you. jcpenney admitting its mistakes in a new ad. >> what matters from mistakes is what we learn. we learned a very simple thing. to listen to you. to hear what you need to make your life more beautiful. come back to jcpenney. we heard you. now, we would love to see you. melissa: wow. what matters with mistakes is what we learn.

let's make some money with charles payne. charles: it is so interesting. what they are saying is this guy ron johnson was a hotshot. the only problems is he kept the same cast that ron johnson brought in. lori: oh. the cast in the commercial. charles: yes. lori: how do you know that? charles: i have been to jcpenney. look at the demographics. under 35 that they only have 30% of their customers. over 55 is significant. that is a significant portion of their audience. the house is so big and huge.

you kicked me to the curb. you said i was not young enough. plus, you did not offer me any freebies. it is a step, a small step in the right direction. melissa: what does it say to them and what does it say to the people who have not been shopping at jcpenney? charles: they do have a core audience and they need to try to bring them back. these are things that appeal to a lot of people across a lot of different ranges. i felt like they were actually doing the right bangs.

melissa: new exciting merchandise that i want to buy. charles: panera bread. oh my god, the store is wonderful. jcpenney, i feel like a rat in a maze. i can see these great products that you are talking about that is the next commercial. melissa: charles payne, that was fabulous.

thank you. lori: the european central bank taking another step to boost the region's struggling economy. more easing would be on the way. the bank stands ready to act and indicated the bank is closer than ever before. intel has named a replacement for outgoing ceo. brian -- i always get the tough names. he is the tech giant chief operating officer. he has been with the company since 1982. he will take over may 16. investors do not seem to be all that impressed with the choice. okay. another leadership change coming. unexpectedly announcing a retirement.

the news came with shells first quarter earnings which beat expectations. melissa: the big box of luxury travelers. paying as much as $400 to $1000. the president joins us just ahead. lori: getting a makeover. sneak previews of delta. new york's jfk airport. ♪ there are patients who will question, why does my mouth feel dryer than i remember it to be? there are more people taking more medication, so we see people suffering from dry mouth more so. we may see more cavities, bad breath, oral irritation.

a dry mouth sufferer doesn't have to suffer. i would recommend biotene. the enzymes in biotene products help supplement enzymes that are naturally in saliva. biotene helps moisten those areas that have become dry. those that are suffering can certainly benefit from biotene. all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you.

in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen.

♪ >> 25 minutes past the hour. i am jamie colby. this is your fox news minute. kenneth they has been sentenced to 15 years. they are not specifying the alleged crimes. to rome now. the vatican is now home to the new pope and the old pope. it is a renovated monastery in

the vatican garden. benedict resigned becoming the first pontiff to do so in 600 years. california situation today. more than 200 firefighterssare battling a powerful brush fire in ventura county. it spread with wind gusts up to 30 miles per hour. several homes remain in danger. residents should be prepared to evacuate if necessary. those are your headlines this morning. back to melissa and lori. melissa: thank you, jamie. your next vacation could be just a click away. ashley webster is in the fox virtual with just that. ashley: they can offer some great travel deals. most people have a favorite. we decided to do some comparing.

a trip to australia. seven days, six nights for a family of four. here is what we found. anywhere from the high 6900. orbit is the most expensive. what about the traditional travel agent. remember those? we called liberty travel. they have an office right here in manhattan. this is what they came up with. $5804 for the same criteria. the travel agent was the best deal for the entire summer. if you can be flexible in your travel plans, it could mean big savings, as you can see. this time a couple traveling from detroit to cancun. seven days six nights. flight and hotel. kayak at 2400.

priceline also 2400. orbit the most expensive by one dollar. this is what we got from a traditional travel agent. $1856. online bookings are most certainly a crapshoot. savvy travelers know how to access those promotional offers on june offers. where are the top destinations? orlando, florida. las vegas. alaska cruise tied with maui. new york city coming in at number five. as for overseas trips.

a caribbean cruise. cancun, mexico. go to europe have a mediterranean cruise coming in at number four rome italy and london england coming in at number five. i will be talking to this -- stick around for that. when it comes to vacations, some people love their feet in the sand and others like to go sightseeing. then you have the adrenaline junkies. how about the annual festival? better known as the running of the bulls. back to you guys. melissa: ashley scott watch out. here he comes. [ laughter ] melissa: i could actually see you doing that.

have you ran with the bulls yet? ashley: not yet. melissa: we would sponsor that if you wanted to go and give it a shot. ashley: i will do it. why not. melissa: good stuff. thank you so much. lori: travel zoo joins us with this summer's budget friendly hotspot. melissa: first, a look at luxury. rosewood president. the company planning to double the number of resorts in the next five years. ♪

.. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age.

♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪

lori: solid rally underway with the dow up 124 points at the moment. let's head back to the floor of the new york stock exchange and lauren simonetti covering the action for us today. stocks near the high for the day. >> 40 points away from a new all-time high for the dow industrials. we're certainly near the highs of the day. we'll see what happens when we get the government jobs report for april. let's look at ing, that is the ticker symbol, voya. that is what the symbol will become later this year. this ipo'd on the new york stock exchange. they opened and priced at 19.50. they opened at 19.55 a little disappointing.

they are above $20 asia. everything is orange. they have orange hat. and phil with his orange tie. we'll talk to the ceo of the company in the next hour with tracy byrnes as well as with ashley webster. thanks, ladies. lori: thanks, lauren. melissa: the business of travel. no one knows the luxury hotel market better than the president of rose wood hotels and resorts an international luxury hotel company which actually plans to double the number of its resorts in the next five years. thanks so much for joining us. i want to get right to it. looking at the slate of places where you are expanding, dubai, you have a huge operation going up in nassau. i actually saw it in person, which people on the island of nassau and bahamas say is designed to really finally give atlantis a run for its money. these are obviously high-end. they're big gambles on your part. you're not worried about the economy here in the u.s. or around the world that people can afford these? >> not at all actually.

i think we're seeing a bit of a rebound at the moment. quite an exceptional rebound, actually. we've, kind of scoured through our business today and financially we're looking at, maybe 18 to 20% growth in some of these authentic destinations such as mexico and the caribbean and of course the extension of the caribbean. and we feel that when we open at the end of 2014 it will get a great head start because we already have experience in that part of the world and we feel that we can draw business to this amazing destination. melissa: how is the consumer feeling right now? i mean you talked about that you're seeing a bit of a rebound. where is that? is that at the high end in your most expensive hotels? they're all pretty expensive but what is the consumer doing, how are they feeling right now? >> yeah. as you pointed out, melissa, it is all at high-end.

i would say that the leisure traveler, especially sup 10 to 11%. we're seeing some corporate business rebound in cities such as new york and in the silicon valley where the business has grown between 4 to 5%. so the corporate businesses also on a rebound but, you know, generally as a company, our footprint is certainly on the resort side. on that we're a resort heavy-company. therefore we see with that growth of, double digits, in resort, it just shows that as destinations, leisure traveler is certainly the one that's kind of, you know, traveling again and looking for this authentic experiences. melissa: you have a lot of really unique resorts. you're a rosewood tuckers point i've been to is really special and phenomenal and expensive. you seem to also go into markets where you see competition from the four

seasons. i'm thinking of las ventatas is in los cabos and you are the. the carlisle while in new york it is incredibly expensive at $630 a night comes in under the very high-end competition. the four seasons is about a thousand bucks. st. regis is about a thousand bucks s that intentionally? or somebody getting a hotel that expensive really care whether it is 700 or a thousand dollars? >> it is intentional? it is really because as you know the carlisle, the carlisle is situated up on 76th street and it's own authentic destination. in general, a typical traveler when they come to new york they like to stay midtown or mid manhattan. people that come to the carlisle know it for its destination and, and the fact that it's an iconic

hotel. so carlisle has its own following. so we're not really concerned with the rate between $633 or a thousand dollars. melissa: yeah. >> and of course as we start our renovations at the carlisle toward the end of this year we feel we may be able to kind of, edge that along but our intent is to kind of preserve the return clientele to the carlisle who have been coming forever. let me ask you because you're all around the world, before we go, you're in mexico. you're in the caribbean. you have a lot of places in the middle east as well. what is the hottest for you right now? what is working the very best? >> as a destination as i mentioned mx cois just tremendous with the 22% growth. middle east from a growth standpoint, from a development standpoint we just opened abu dhabi yesterday in fact. we're gearing to start up dubai. but from a growth standpoint

as a company we're seeing a our footprint continue to increase in the middle east and a huge focus on asia because our mothership is basically based out of hong kong and just in our backyard we intend to grow the company by at least 15, 20% in that part of the world. europe is huge as well. melissa: but it is hard to beat cabo. thanks for coming on. tough to beat. thanks a lot. >> thanks very much. thank you. lori: stocks are still climbing off the best levels but they're still up over triple digits. we're back at the new york stock exchange with trader reaction ahead of tomorrow's all important jobs data. melissa: our business of travel day continues. new york's largest airline carrier launching a brand new terminal at jfk airport later this month. we've got a sneak-peek ahead. i can't wait for that. lori: speaking of airlines let's look how some major carriers are trading in today's action. delta, nice. similar story for jetblue, up three, almost 4% and 2

1/2% respectively. southwest having a solid today. we're back after this. this is america.

we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male annouer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. >> i'm jolene kent with your fox business brief. bulls are charging their way on wall street pushing the s&p 500 to a record high. worth noting linkedin shares hitting all-time high ahead of its first-quarter earnings after the bell.

unemployment claims fell to five-week low. initial claims dropped to 324,000. the lowest level since the recession hit in 2008. and some good news on the labor market. according to placement firm challenger, gray & christmas layoffs dropped 2% in april from march. bankrupt lehman brothers is suing intel accusing the chipmaker of breaking a one billion dollar swap deal. lehman says intel terminated the agreement two weeks after it filed for bankruptcy back in september of 2008. that's the latest from the fox business network, giving you the power to prosper

lori: delta's jfk airport terminal in new york is getting a one billion dollar upgrade. our own adam shapiro got a sneak-peek what it will look

like to see for yourself. >> tell me about this new terminal. we're in the mockup of what passengers can expect both in the terminal and the priority, the sky priority club and also there's an outdoor lounge, is there? >> outdoor skydeck. >> tell me about all of this. >> i think the first thing our passengers will see just a smoother more efficient process. they will come in. it is lighter. it's brighter. many security, 12 security lines that they can get through and get behind security for some retail shopping and some great food choices. and then we've got our sky club. it is, i call it the crown jewel of our sky clubs in the entire system. it is 23,000 square feet. it has every amenity you can imagine. six showers, spas, food, great bar area. we're sitting in a mock-up of it. and 2,000 square foot sky deck. lori: well the new delta terminal 4 is set to open on may 24th at new york's jfk airport. melissa: neat.

as we do every 15 minutes, let's check the markets. ted weisberg of seaport securities is on the floor of the new york stock exchange. ted, we're up 21 points. can it hold? >> we've been climbing all day. it hasn't been pretty. it has been kind of slow but the direction clearly has been up. as we speak we're trading at the highs of the day. melissa: so what is the thing you're looking at for the rest of the day and tomorrow? is the jobs report the big thing? >> i think the jobs report. we had an unemployment claims number today that was pretty good. we had decent news out of the eurozone that was more stimulative in nature. but it was still smack dab in the earnings period and, i think that is going to drive the market. and, clearly the jobs number tomorrow, i mean, it is hard to believe that no matter what that number is going to be because it will have a major long-term impact on the market. melissa: yeah but the market doesn't care about long term, teddy. it is all about the short term. it is a beautiful sunny day outside. the market is up 121 points. what is worrying you? anything?

>> i mean everything is worrying me, melissa. i think the fact that over 50% of the companies reported so far have missed on their revenue side is a very, very negative message. but, like a lot of other negative messages, the market just continues to ignore it. i think by the way, i think a lot of folks are worried. i think there is not a lot of confidence no matter what the market seems to be doing. we see that at seaport. the phones don't ring. there seems to be little or no public interest in the market despite the fact we're making new highs. melissa: i don't like that. ted weisberg, thanks. lori: so the business of travel, that he is is what we're focusing on today in fox business. budget zoo with friendly advice for your vacation. melissa: this is enough to make "sesame street" jealous. why this oversized duck is in hong kong, peking duck.

♪ . for seeing your business in a whole new way. for seeing what cash is coming in and going out... so you can understand every angle of your cash flow- last week, this month, and even next year. for seeing your business's cash flow like never before, introducing cash flow insight powered by pnc cfo. a suite of online tools that lets you turn insight into action.

lori: okay. so more than 80% of americans plan to go on a summer vacation this year, according to a new survey by travel zoo. more than one-third will let the deal decide their destination. where are the deals to be found? travelzoo senior editor is here and joins me now with his summer picks. gabe, always great to have you on the show. >> great to be with you again. lori: 80% of the americans. so many people are still struggle lending to find

work in otherwise tough economy. how are so many people able to prioritize and put out the cash to spend on something like a vacation? >> yeah, well, we take our vacations very seriously as you know. generally we started the year we could tell right off the back there was increased consumer sentiment out there. now the industry played ball early on as well. we were publishing on our site, vacations deals for summer as early as january and february. so there was ago fwres sieve push by the industry early on in the year and travelers responded. now what we've seen in the last couple of days, domestic air fares dropped a little bit. much of the booking we've seen in the first couple months of year is for these longer haul trips. a week or 10-day trips out to europe. international air fare has gone up. domestic destinations are trying to catch up. we're seeing a bit of drop in domestic air fare and prices are starting to creep up as people snag the deals. we're hinging on aggressive and creative a lot of deals

the industry put out. lori: consumers are buying it sounds like. is it fair to say. your survey asked this exact question. almost like the destination or method of travel something determining the type of vacation people are choosing to take. >> absolutely. yeah. i mean a third of the people we surveyed said, we'll basically see where the deal takes us. it is value that people are looking for. that is a huge number of people basically sitting waiting for the industry to throw really aggressive creative deals their way. the cruise industry for variety of different reasons as you know has responded. amazing deals are to be had there. people willing to invest longer term, six months or a year down the road, big incentives there not only in price drops but extras being tagged on to packages. if you're looking for a summer getaway, in last couple days, domestic air fare dropped and we're seeing pretty popular destinations some early deals still to be had. melissa: where are those domestic destinations that are so hot right now? vegas?

orlando? we had earlier report. >> yeah. and that's certainly true. orlando and vegas always sort of top the list of very aggressive domestic value destinations. las vegas, the trick there try to avoid holiday weekends. otherwise it is fair game. we're seeing rates as low, some cases 20, 30, $40 a north. high end resorts throwing third night free. brings per night rate down nicely. west coast, san francisco hotel rates were very high bet beating out on average places like new york and honolulu. we're seeing early deals. you book early see that in los angeles and beverly hills. as we head towards the warm summer months, places like caribbean and mexico as well. if you want to do europe avoid july and august. right into september we're seeing pretty good package deals particularly to europe. >> you gave us great advice, great deals, great picks but where should consumers be wary of being gouged right now?

where would you advise stay away from, as sort of obvious, international hot zones? >> looking at destinations like las vegas. avoid the holiday weeks particularly if you're last minute planner. there are deals to be had labor day, memorial day. you have to book them now. if you wait last minute they will book prices around the specific holiday weekends. lori: that is because of demand. >> exactly right. lori: thank you, sir. melissa: a giant yellow duck has floated --, no it is a rubber ducky. lori: a rubber ducky. a giant ducky. melissa: thousands lined the harbor. this sculpture created by a dutch artist. lori: it is art. melissa: the duck is 54 feet tall. it is meant to be giant public art installation. lori: pardon me. melissa: this worldly duck traveled to cities across the globe, stopping in sydney, sao paolo, amsterdam to name a few. it will remain in hong kong

kong's victoria harbor until june 9th. peking duck. i thought they were redoing ghostbusters, one. did you get it? lori: he is cute. >> coming up tonight on "money," senator john barrasso joins me to discuss his new op-ed out today previewing tomorrow's jobs report and why obamacare is increasingly blocking job creation across the country. that is 5:00 p.m. eastern here on fox business. we'll solve the problem. tune in. lori: i'm standing in for liz at closing bell. melissa: excellent. lori: earnings for you today. join david asman at 4:00 before melissa and "money" at 5:00. coming up next hour the business of travel continues. he tells tracy byrnes and ashley webster how the website keeps ahead of the competition. keep it here on fox business. stay with us. [ man ] on december 17, 1903,

the wright brothers became the first in flight. [ goodall ] i think the most amazing thing is how like us these chimpanzees are. [ laughing ] [ woman ] can you hear me? and you hear your voice? oh, it's exciting! [ man ] touchdown confirmed. we're safe on mars. [ cheers and applause ] ♪ hi. [ baby fussing ] ♪

you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com.

ashley: welcome back, everyone. i'm ashley webster. tracy: i'm tracy byrnes. new positive momentum for stocks thanks to a five-year low for jobless claims. the dow is up 128 appointments right now, getting much closer to that 15,000 mark and s&p could score its third record close this week. raymond james chief strategist jeff saut says if you want to make money it is time to get in. he is here in a few minutes. ashley: plus our special report, the business of travel. we've got you covered on every angle of this multibillion-dollar industry from high-speed rail, to, yum, airline meals and so much more. coming up this hour we'll talk with trip advisor ceo, steven cough fer and luxury orient hotel express. tracy: there were times when meals were pretty good ing is trading and second biggest ipo this year. ceo rodney martin is our

guest ahead. ashley: top of the hour. time for the stocks. let's go straight to lauren simonetti as we do every fifth tee minutes. the dow is up nicely at 146 points, lauren. >> we're 40 points away from all-time high to for dow industrials. they're inching closer and closer to the 16,000. will today be the day? nasdaq is at its highest level in just about 13 years. this market is broadly higher and on fire. we have chevron, caterpillar, american express, cisco leading the dow industrials. only three components are in the red right now. the catalysts will be the jobs report tomorrow morning to see if these gains can hold. we have had a topsy-turvy week of course, two up, one down and now our fourth day is certainly an up one. back to you, ashley. ashley: lots of green. lauren, thank you very much. ahead of today's, well we've seen today's jobless claims. tomorrow is of course the all-important jobs report. unemployment claims falling last week to a five-year low.

u.s. initial jobless claims dropping by 18,000 to 2324,000, that is the lowest level since the recession hit in early 2008. according to outplacement firm challenger, gray & christmas employers are announcing plans to lay off 38,000 ,121 people, right down to the single person. that is down 23% from march. down six% from this time last year. >> that number is accurate. not going to change at all. today's stock gains flowing in the s&p 500 are near a record high. our next guest says you better get in before the summer. jeff saut the chief investment strategist at raymond james joins us now. jeff, i remember what the summers were like these last couple summers. they were hairy and you're telling me this will happen again? >> we actually raised cash and recommended our clients raise cash in the spring for the past three years. in fact the trick for the past three years was to raise cash in the spring and put it back to work during

the summer months. i don't think it plays that way this time, tracy. there is too much liquidity being created. there is a new wrinkle. japan with their new policy created excess liquidity and looks like 10 to 20 trillion yen will find its way out of japan into europe and u.s. equities. tracy: what is the trade here? get in it while you can and then what? do you pull some money out come the summer months? basically i guess after memorial day? >> well, i think the timing work i do and, you don't know this about me but i spend a lot of time inside the d.c. beltway on the hill and i think the markets first time they will become vulnerable will be in the july-august time frame when the continuing resolution and debt ceiling worries come back into play. tracy: what do i do at that point? do i take it out of the market all together? are you saying go to cash or some cash in july and august? >> depends on what happens between now and then. i think if we can clear 1600 on the s&p, you've got blue sky all the way up to 1700

on the s&p. i think you could get there by july. and at that juncture i think you probably should take some money off the table and or, if you're not, i think you should put in some downside hedges. tracy: that's actually interesting because i think that many people, harken back to what's happened come august. i remember. it was my birthday weekend when the market went to hell in a handbag. god willing that doesn't happen again. god willing it in turn becomes a buying opportunity instead. let's talk about some of the things you're buying. you're into these cell towers, huh? >> into which, i'm sorry, i didn't get that? >> cell tower stocks. american tower, all basically wireless towers, huh? >> my cell analyst is probably the best on the street. we've made some decent money in those. we think they trade higher. think of it as real estate in the sky. you need more bandwidth, hang another device on the tower and see it every year. the computer is going into your mobile device. i think that is nonstopable.

tracy: sba, american towers, your two picks. is tech the way to do this or are you specifically picking in tech? because we've been disappointed thus far in the so-called tech rally that was supposed to help us out of our little malaise? >> tech if you look at it on a historic basis cheap. utilities are more richly valued than the tech sector here, implying investors are looking for more growth out of utilities than they are on technology. i don't believe it. i think tech offers compelling risk/reward ratio down here but i do think you have to pick your shots. tracy: sure do. i have to ask you quickly about the fed decision yesterday. sounds like they're ready to do anything. put more money in at any time. does that mean 1700 on the s&p, you know, could be a low number? >> i'm going to take it as it comes. if we get to 1700 by july or mid-july i think that will be a pretty good move. i think the thing that surprised people out of the fed yesterday was the phrase,

that they could reduce their purchases and i think that is what gave you the stutter step in the dow of 138 points. tracy: jeff saut, and now we know your little secret thaw hang out in d.c. thanks for being here. >> you bet. ashley: don't tell everyone. now to our all-day special report, the business of travel. we begin with high-speed rail. texas, charting its own course, using private investor dollars to fund the project instead of taxpayer money like california and other states. rich edson live from dallas with more. rich? >> ashley the federal government spent more than $10 billion over the last three or four years, much of it stimulus money to try to get high-speed rail going in this country. we're still not at a point anytime soon being able to get on a high-speed train somewhere in one city and then ending up in another couple hours later. so in texas you have only private investors. some $10 billion worth, trying to build a high-speed train between here and dallas and houston.

get there anywhere between 70 and 90 minutes. the investors say they are better off without government money. >> we want to serve the community and we believe we are bringing a needed service, but, the market discipline will force us into probably more rational decisions to help make the train cost less to build and come in more quickly on a construction schedule. >> i think get a faster, probably cheaper. i think, you do not have the regulation that you would in other states. and i think that's why you've seen a really many could to the forefront to everybody's attention so quickly. >> tens of thousands of folks travel between here and dallas and houston every day. the folks think they found a niche in the market where they can operate a private venture that makes off of money passenger rail between the two cities. a bullet train between 200 and 205 miles per hour. the government is in bit of an argument how many stations they will allow here. a number of locals

want a station. japanese central railway would build it. that is private company in japan operating a private rail system for a profit in japan right now. they think they can use the example there and bring it here to the united states. still don't know how much 10 billion they have raised. they're expecting to give the government an update next couple weeks and possibly have this thing built by 2020. ashley: thank you. the japanese way ahead of us on this. fast train, bullet train in texas makes sense. it is such a huge state. rich, thanks so much. tracy: so cool. ashley: yeah. tracy: so much more ahead on our special report, the business of travel. tripe advisor ceo steven kaufer tells us how the website manages to stay competitive in crowded field. ashley: very crowded. this is not stopping one financial giant from making its financial aduty. we have the ceo ing as our

special guest next we know a place where tossing and turning have

given way to sleeping. where sleepless nights yield to restful sleep, and lunesta eszopiclone can help you get there, like it has for so many people before. do not take lunesta if you are allergic to anything in it. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving or engaging in other activities while asleep without remembering it the next day have been reported. lunesta should not be taken together with alcohol. abnormal behaviors may include aggressiveness, agitation, hallucinations or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions such as tongue or throat swelling occur rarely and may be fatal. side effects may include unpleasant taste, headache, dizziness and morning drowsiness. ask your doctor if lunesta is right for you. then find out how to get lunesta for as low as $15 at lunesta.com there's a land of restful sleep, we can help you go there,

on the wings of lunesta. ashley: stocks are pushing higher. major exchanges this the green. lauren simonetti on the floor of the new york stock exchange. lauren. >> hi. let's talk some social stocks right now. we have facebook. they turned in a pretty nice earnings report. there was all this stock that facebook users were getting sick of the site but 665 million daily active users. 1.1 billion monthly active users. they're bringing in mobile revenue, up 5 1/2% for facebook. yelp shares surging 25%, hitting a new all-time high for yelp there. their earnings were pretty december as well.

narrower loss and revenue that tops expectations. linked in taking out $200 a sharr for the first time ever today. that too at an all-time high. of course tomorrow, linked in well be looking at jobs report. back to you, ashley and tracy. ashley: lauren, we'll be back with you in 15 minutes. stay tuned for fox business for the complete coverage of linkedin's earnings off "after the bell" coming up at 4:00 p.m. eastern time. tracy: still ahead we've got a lot going on. ashley: we do. tracy: the business of travel. we're going to take a look at the online travel industry which really has taken off in the last year. we'll hear from the ceo of the world's largest travel site, trip advisor, next. ashley: as we head for the break, look how some of the airlines are trading today. i'm telling you right now, the girl back at home

would ablutely not have taken a zip line in the jungle. i'm really gd that girl stayed at home. vo: expedia helps 30 million travelers a month find what they're looking for. one traveler at a time. expedia. find yours. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur

you are gonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is --

i got two words for you -- re-wards. ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com. compare hundreds of cards from all the major banks to find the one that's right for you. it's simple. search, compare, and apply at creditcards.com. first round's on me.

>> 17 minutes past the hour right now. hi, everybody, i'm jamie colby. this is your fox news minute. taking a look at california, more than 200 firefighters

still battling a powerful brush fire in ventura county. the blaze broke out this morning in camarillo. it is spreading quickly with wind gusts up to 30 miles an hour. no injuries have been reported. authorities ordered evacuations of hundreds of homes. to rome, the vatican home of the new pope and the old pope. pope francis welcomed. pope benedict into his new retirement home a renovated monastery in the garden. he was first pontiff to resign in 600 years. this is amazing sight in lower manhattan. workers hoisting the final piece of spire on top of one world trade center. this will have a light beacon and broadcast antenna. the completed building reaches 1776 feet high. those are the headlines this hour on the fox business network. i'm jamie colby. we'll send it back it ashley. ashley: jamie, thank you

very much. we appreciate it. online travel spending surpassed $100 billion for the first time last year. according to comscore the top online booking sites for travel as percentage of overall page views, number one expedia, 31.6%. priceline at 17.3. orbits coming in at number three. but for travel research trip advisor is the world's largest travel site. earlier today i spoke with steve kaufer, the president and ceo of the company. i asked him what is the key to survival in such a competitive industry? >> well, i can certainly talk to the trip advisor perspective of being able to offer able to offer incredibly rich continue to travelers. 200 million travelers every month. when folks try to find the perfect trip or perfect vacation they're able to come to a site like ours, get real unbiased advice from anywhere or anyone and be able to make the right

decision. of course we're always searching the web to find our travelers the best possible price. ashley: your largest source of revenue is that click-based advertising but you're changing your model to the so-called met at that search display. what exactly does that do? >> well the current model or the previous model i should say allowed users to read all this incredibly rich content and then visit the various partner sites that would offer the ability to make a reservation. so for a flight or a hotel, the new met at that search model. met at that search model. search for particular property, binge, binge, bing, bing you have four or five prices that you have based on price availability in the brand you really want to book from. ashley: from a revenue standpoint is it less

profitability -- profitability because you're relying on every click as oppose to a flat fee? >> this is a change in the model. we're in the change of transition to it and number of clicks we generate to our clients goes down but the converse rate on those clicks go up. so the at end of the day it is a process by which the model changes but the consumer still really happy because they found the best price on the property that they want to stay at. ashley: you recently partnered with samsung which essentially incorporates trip advisor preinstalled in the new galaxy s4. how important is that? and are you looking for other opportunities in that regard? >> we think it's a fabulous opportunity. not only do people use their smartphones all over the place, all over the time, trying to figure out how to plan the perfect trip but also, when they're actually in market or in destination. they're looking for the restaurant that is highly

rated, that is right near them. they open up their app and hit the near me now button and we're giving a ton of great recommendations. to have the added convenes of it already being on your phone, as soon as you buy the phone, that is just fabulous. so samsung, tremendous partner of ours now and of course we're looking to do that with many other partners. ashley: outside of the core u.s. u.k. markets where else are you hoping to grow your business? >> we have a really large global business now. when i talk about being the world's largest travel site because we're able to appeal to so many travelers in so many different languages. it is over 20 different languages now and, about 3/4 of our global audience comes from outside of the u.s. at this point. so truly we are ready, are extremely global and of course the further away from our home base, the u.s., in general the faster our traffic grows.

ashley: well the economy has been struggling here in the u.s. and elsewhere especially europe. how is the travel business right now? >> you know, we actually went out with our trip barometer survey a couple of months ago and asked over 35,000 travelers and hoteliers how are you feeling? and a number of them, in fact a majority of them were really quite bullish. a significant majority of hoteliers expected higher profit this is year and more than 40% of the travelers said they expected to spend more this year. so it looks like or it looked a couple months ago like it was shaping up to be a pretty good travel year. ashley: steve kaufer, the president and ceo of trip advisor. very optimistic of number of people traveling. the online sites generate number of business. travel agencies as we found out do pretty well giving

you a good deal. tracy: i guess so. they do all the work. god bless their little souls. there is lot of work to do. there is still a need. gerri willis, taking us on another travel site website tonight talking to the ceo, aren't you tonight? >> rick cini from fair compare will be on our show at 6:00. he is fantastic because he sees all the data. he can tell all the trends. he is giving us trips how to reduce the cost of your summer vacation which i know we all want to do. ashley: yes. >> when to travel, what days to travel, all kinds of tips and ideas for people who look at the end of the day you do not want to spend your every last cent on a vacation. ashley: right. >> one of the experiences will be nice but it doesn't last forever. he will give us tips how to make sure you do it at the right price. among these ideas, book early. try to go in the shoulder seasons. travel during the week, some things you will hear from rick tonight on the show. ashley: are there a number about great deals out there? that's what i want to know. there used to be amazing

deals. i feel like airlines got us over a barrel a little bit. >> they're taking small but steady steps toward controlling their pricing more and you think they're being very careful with it. ashley: yeah. >> we've just brought tips or tickets it europe. we're going. we bought them six weeks ago. they're already up about 30%. ashley: yikes. >> if we hadn't bought we would be in bad shape. you never know, by end. season they will discount them again to get the last tickets out of the way. >> that is the thing. you could very well get a deal at the end. what else are you talking about business travel tonight? >> that is primarily we're looking at with rick. we're excited about that. we'll talk about some of the apps you might want to use, the apps will tell you say you're not flying. say you're driving. what is the app that will help you avoid the cops with radar? you're going to want to watch the show for that because i know you want to do that. it also has got gps. you want the app that tells where the cops are. tracy: that is good stuff. ashley: download it now,

tracy. >> we're actually going to commercial so give me two seconds. "the willis report" tonight 6:00 p.m. eastern right here on the fox business network. ashley: talking about flying you might think airline meals are a dying business or you die when you have not so thanks to international flights. coming up we go behind the scenes one company making 300,000 meals a day. tracy: the international food is way better than --. ashley: yes. tracy: that is obvious. luxury hotel company orient express impressing the street with the latest results. ceo jon scott tells us how the hotel is seeing big improvement since the recession. we'll be right back

~ close. the dollar is up 190 points, chevron, american express, caterpillar on the top. end united health and coca-cola at the stock exchange. >> a great day. we have a new record that seems to be set to date with four hours left until the closing bell. and taking out the new annual high, stocks trading of 3.5% reporting earnings before the opening bell and general motors did preferred profits and revenue that seemed to beat

expectations and still losing money but not as much as they fought and north american sales,. >> charles dean is here. what is up? charles: -- >> when i was a kid. charles: they have infinity, they have quite a few brands under the umbrella. talking about gm, and not just cars but systems, noise cancellations, and more money from the entertainment section segment of their business than the traditional speaker segment. and nothing doing well as what they call professional stadiums, rio they janeiro airports, and

2016 olympics, and the company is growing internationally. and 1% of revenue, by 2015 they will be 25% and in europe they're getting hit and germany 74% in the market. and better in spain, 4% of the market. for technical point of view, fifty is the magic number. they do not break through but if it does is used to be $122 a share. it has room to the upside. great american success story and the guy who invented the company and grew it and nurtured it and is doing very well. ashley: some contracts with automakers. charles: amazing contract, $8 million in contracts, bmw, ford, a volvo. tracy: people are buying new

cars. tracy: good stuff, thank you. ashley: more on the business of travel, airline food may be disappearing from flights around the u.s. meals are part of the flying experience on many international flights. jeff flock at o'hare international airport with the company and makes hundreds of thousands of meals every day. >> at various pieces of travel, one of the most exciting is the flying food group. and the corporate shells, they service airlines, 70 airlines around the country, and tremendously different in the u.s.. >> four style restaurants for some of them. and very nice product on bonds. >> a bit more about that but talk about the explosion, you

added new clients. and guitar airlines came in. >> it is a good brand on the specifics of the market, two more to come in. and the chinese carrier for the summer so it is a very good friends in the chicago market. >> we look at the food you and your staff prepared, it is not your grandfather's airline food. >> the airline's commitment to the overall experience for the passenger has been focusing on high end four star style restaurants. >> the appreciate that as a domestic traveler because we get on a flight, we have to buy the food. >> you are seeing that on the domestic airlines but not

international. >> where is the growth? is it in china? your customers are mainly international. >> china in growth, and the most -- they will deploy the attack craft throughout the world. >> some of these european carriers in berlin are not making money in europe. this is an opportunity to make money by flying to the u.s. and 70 countries, $4 million in revenue, up 4,000 employees, you worked for grant adkins, the famed chef. a lot of your friends, what you doing going to work? >> they assume it is peanuts and pretzels and when they see the menu they are blown away. >> we need to do more international travel like you apparently.

i just go to places like the duke and detroit and the malaysian and other places you would not want to go. ashley: four stock foods on those trips. absolutely right. very interesting. thank you. best foods i ever had at singapore airlines. it was like a four star restaurant. tracy: i have nothing. ashley: the $7 cookie. we have breaking news. oil closing of $2.96, $93.93 a barrel, today's gain of 3%, snapped a two game losing streak. more on the business of travel, luxury hotel market took a big hit in the recession. and the company is setting back all next. don't go anywhere. i'm so glad you called. thank you.

we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen. [ female announcer ] when people talk, trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant

and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation where applied, increased d blood cell count, headache, diarrhea, vomiting, and increase in psa. ask your doctor about the only underarm low t treatment, axiron. >> fox business brief, the u.s. economy on wall street today. and european central bank

pushing stocks higher, and removing the chief executive ceo and unexpectedly announced his retirement, until the first half of next year for the successor. and first quarter earnings beat expectations. oracle of omaha, anne hathaway joined this morning and already sent out his first under the name warren buffet. egypt is first, warren is in the house since joining, warren buffett already $1,000 including bill gates. and we are giving you the power to prosper.

tracy: shares getting a boost

after better than expected first quarter results with locations in 22 countries the luxury hotel company has its finger on the pulse of consumers are around the globe. joining us is president and ceo of express hotels, you are new to this job, november. >> new in the hot seat and november was my first day. >> you came to an earnings report and stock had been down. what you doing? >> we are opening a beautiful hotel and opening our second river cruise in berryessa pretty exciting. tracy: a little bit of everything, luxury hotels, luxury trains and barge ride as well. >> we don't call them barges but they are great travel experiences on the river and france. it is the luxury barge. tracy: you get a drink on that. what are you seeing from the consumer, luxury customer kind of got hurt and we didn't think they were.

they did slowdown during traveling. >> they did mostly on the corporate side. most of our properties are leisure oriented so there was a pause. occupancy the client and in our business keeping rates, it was very important so we had good discipline, and occupancy did decline, and emerging markets and great travelers in asia and russia and the brick countries, that piece of the business on that basis is growing. tracy: they are putting out $500 a night. and the spend rate is higher than traditional customers. and we are getting anywhere from 50 to $100 more, and in the traditional u.s. and european markets. tracy: i you seeing them coming out, and gangbusters' want to spend out there or are they

looking for value. >> value as part of the equation. and differentiated experiences. and jane light brands and luxury, room sizes, and unique 1-of-a-kind experiences. the product delivery is really important. >> we just had rosewood on in the last hour and there's a lot of luxury hotels out there these days. how do you differentiate yourself? >> good question. with the economy the way is being built, supplies fairly constrained on that front. you differentiate yourself. and unique 1-of-a-kind locations, and dennis --

tracy: the first properly. and each of our hotels has a unique brand. and opposed to being a chain, consistent with branded each of hours are individual. raise in a different experiences. i would be remiss, not to mention 21 costs. >> just came from once. tracy: that is under your you going to open more restaurants? >> it is part of our business so we will as it relates to probably hotels. 21 club is great. and and really focus on hotels. >> is the most expensive burger you'll have in your lifetime. thank you for being here.

you can tweak your travel time at fox business hash tag is travel. good stuff. ashley: could use one of those burgers right now. iron man iii opens in selected midnight screenings tonight that it is already above 5 blockbuster especially in china. dennis kneale joins me with the latest. dennis: the disney marvels sequel is the biggest film ever. the second-largest movie market in the world. disney, the magic kingdom dominating the box office in the middle kingdom. let's look at some international numbers that got in from disney, in just eight days overseas iron man iii beating the full international run of its marvel for runners, now $307,700,000 in overseas tickets, more than the entire scope receives run of the original iron man and 4 and captain america and tomorrow will be i can and ii overseas box office on day 9. a new film distributed by local

firm d m g entertainment starting off as the biggest film of all time. it's at five new all-time records in the middle kingdom and put in $20 million, best opening ever in that market also set records for biggest midnight only, midnight screenings, most screens on opening day, more than 6,000 as most opening day showings at over 33,000 and people in beijing paying $25 to see i can and iii. that is the equivalent of americans the $205 a head for a ticket given china's per-capita income of $6,000 a year. all of which could mean i can man iii could do better than the $260 million open expected this weekend when it premieres in the u.s. on 4,252 screens. in china it is playing on 6,000 screens. charles: $200 a ticket.

they must love it. tracy: time for stocks as we do every 15 minutes as we head to the floor of the stock exchange. teddy weisberg joins us now. i love talking to you. what is different to you in this market right now? it is the most hated bull run in history. >> it only feels the same. but is better than down. what is interesting, the market continues to climb, this wall of worry, and the volume for all intents and purposes remain anemic. in spite of the fact we are making new highs, the public is not really in the market. still nervous and still afraid and there's a big lack of confidence out there. just a lot of nonbelievers. it doesn't live but for whatever reason people don't want to play. tracy: it is unfortunate because they're missing a rally.

it is -- of is always better. thank you so much. ashley: very wise words. the u.s. arm of dutch insurance giant ing making its debut. the ceo tells us how the company plans to take on metlife and prudential in the american market, coming up next.

ashley: shares of the u.s. unit of dutch insurance unit ing up trading under the ticker boy of.

$1.3 billion, any and lower than the 21 to 24 was aiming for. and rob martin. and you have been busy the last couple days. ashley: you got $19.50 at a range of 21 to 24. is that disappointing? >> the stock price is more art than science and this is the second largest transaction since the financial crisis and largest aerospace. we are pleased with the trading so far today. ashley: have to boost the size of the deal? >> and it was 116. ashley: the parent company got a

bailout during the crisis from the dutch government. part of the deal is the separation of the franc and the insurance company so banking will be in harlan with european focus. >> we are a stand-alone company and we are pleased to launch the company today. this is the second-largest retirement focused eye the 0 of its kind and we are in the top-10 of u.s. listed companies from an overall perspective. ashley: so the name is going to go away. >> and when the dutch consolidated at the end of 14. >> the orange, and you will see that prominently displayed for when it is more prominent in 2014-15. ashley: we are stuck in a

low-interest rate environment, and the investment portfolio. how do you get around that? >> a challenge for all companies. one of the biggest risks all americans face today, 10,000 people that turn age 65 every day in america and will for the next 15 years. retirement accounts go to $5 trillion and our whole focus as the company's retirement readiness with our retirement solutions investment management insurance solutions business. ashley: you raise $1.3 billion. what do you do with the money? >> we capitalize the company, stand-alone public company as we go forward and mr. shea will list 25% in 14 and all of it in of 16. and it is a very competitive

market. one of the unique parts was all segments of defined contribution space, and 1 fifty-four billion with the second or third largest player in defined contribution space and number of companies that participate. we have the unique position, one of the most daunting issues is retirement readiness. we are well-positioned in convergence with demographic trends. ashley: thank you for joining us, congratulations on the ipo. continued success. robert martin, ceo, ing u.s.. tracy: what did you see today? usurping. this is -- i work with a close

eye. and i love -- ashley: it is one of my -- tracy: the second thing i thought was you running with the bulls. ashley: like that? yes. tracy: need that. ashley: there he goes. tracy: the suit is -- ashley: the like the form? looking good. travel day. running day. all right. cheryl casone filling in for liz claman who is travelling to warren buffett country. she will be taking us through the last hour of trading joined by the ceo of spirit airlines and the ceo of mgn resorts'. looking at the business of travel, "countdown to the closing bell" next. why are 8 million people sleeping better tonight?

why are 8 million people they went to a sleep number store. the only place in the world you'll find the sleep number bed.

clinically proven to help each of you sleep more soundly. with dual air technology, it allows you to adjust to the support your by needs. each of your bodies. and the only place you'll find sleep professionals that will help you find a number that will change your life. your sleep number setting. you won't find any of these innovations in an ordinary mattress store. you'll only find sleep number at one of our over 400 stores nationwide. and for those who sleep too hot or too cool, now save $500 on our temperature-balancing memory foam bed set. don't just change your bed. change your life. at only one place: a sleep number store. where queen mattresses start at just $699. sleep number. comfort. individualized to find your store, visit sleepnumber.com. >> americans spend upwards of

$42 billion on air travel and much more in places like veg gas once they arrive. we're looking at the business of travel. the ceo of spirit airlines and mgm resorts las vegas of are our guests. what gadgets or new technology literally changed your life? a new list is out, and each one doesn't have an i in front of it. the next steve jobs? meet one hedge fund manager who says the new tesla is as revolutionary as the iphone. "countdown to the closing bell" begins now. ♪ ♪ cheryl: i'm cheryl casone. it is the last hour of trading, and stocks rising higher today. the s&p reaching a new intraday high, 1598.60. right now we've got quite a nice day. of course, we're going to