♪ melissa: happy friday. i am melissa francis. lori: i am lori rothman. it is friday, jobs said. always a good thing. unless you have to work on saturday, of course. melissa: if you love your job, it is great. like us. lori: exactly. 155,000 jobs added in the month of april. but the market still cheering. jobs reports surprised hitting stocks to new records at 14,998. earlier went to 15,000 beyond. the broad market going past 1500 today. melissa: idf senior economist michelle gerard here to join us in minutes with the quality of jobs added and not the quantity. lori: great point. meanwhile jpmorgan under fire, government investigators accuse the bank of and the collective

schemes. the latest blow for jimmy byron. melissa: warren buffett on if the recent decline is a buying opportunity. lori: and taxed to death in the golden state. golden state. revenue of income tax creating a multi-billion dollars budget surplus and the governor warning it may not last. melissa: because they're going to spend it. lori: of course, of course. let's get to the market, our first check on the floor of the new york stock exchange. the dow back near 15,000. two points away now. nicole: it is a monumental day, a historic day on wall street when you see the major averages breaking through. including the dow jones industrial through 15,000. trading as high as 16,900. 10 points off of the levels right now. the s&p 50 s&p 500 set new recod intraday all-time highs. the tech heavy nasdaq also set

intraday highs we have not seen since the year 2000. we look at one-week charts of how we really jumped today coming on the heels of our jobs report. coming in better than expected, and so with that giving us a boost we needed coupled with a lower dollar. oil and gold has been mixed, but plenty of other rows. caterpillar a big leader on the dow. a lot of traders have been waiting for some sort of hold back, direction, but the market just won't give up earnings season and good jobs numbers. hello 15,000. back to you. melissa: oil prices climbing to one-month highs on the jobs report. phil flynn of the price futures group at the pits of the cme. did it offsets the record supply levels? because it has been a wild week for crude. phil: you have to call his great expectations because it is not about demand, it is what the

jobs may mean for the future. it is absolutely nuts. two weeks ago it was below 85, we have gone up over $10 per barrel in the two weeks. and it is all about expectations. oil prices selling off hard and concerns about weak demand. building supplies, the u.s. going into a slowdown, concern about europe and snap your fingers, that has all changed. a great jobs number, now the market is excited about demand, but let's face it, it's not all about the job numbers, it is about the federal policy of the fed, you cannot fight those guys. melissa: absolutely. the jobs rate: 7.5%, the lowest level in four years. the temporary jobs are at an all-time high. is it a case of quality versus quantity?

nobody better to ask when the feckless michelle gerard, chief economist for rbs. you never get tired of that, right? >> now, i guess i don't. i keep on showing up. melissa: great. if you look inside this report, it is not necessarily as good as a market think it is. above 15,000, maybe we should show folks. we have crossed back and forth over it, but it's always fun to see it at that level. part-time workers rose, the work week fell, those are not good stats. >> even 165,000 odd jobs isn't anything to cheer about. we're kind of getting a big sigh of relief we didn't get another sub 100 reading, 88,000 originally reported in hindsight wasn't quite so bad anyway. a very mixed report, in addition to lots of the factors you cited, i wasn't thrilled to see

construction employment down, manufacturing employment flat, so again it wasn't a bad report, it wasn't a great report. i still think it is consistent with an economy not growing as well as we really wanted to see it too. melissa: temporary workers at the highest level in 13 years. there's a time that you think is a good thing because maybe these are people that are about to make permanent and it shows we have to add more people but we don't necessarily want to hire full-time workers yet but this late in a recovery makes you think something else is at work. >> and maybe something else is at work like mandated health care coverage. i want her to some extent if we aren't beginning to see more hiring of temp workers. this could be a trend that becomes even more established as we move forward with companies providing health care coverage for workers for permanent and

full-time workers. this again may be a sign companies are trying to find ways around that so this increase this late in the expansion is kind of odd to see workers so strongly. anthere may be some other things at work. melissa: you look at part-time workers, a big number, work week down 12 minutes, cutting back on time certainly, there is a new phrase i heard, the employees people are keeping under 30 hours play don't have to pay the benefits, those out there looking for work, what is the impact of that? >> it is interesting. a lot of evidence in this report that we will be watching that suggest firms could be changing their behavior head of having to pay health care benefits, so we have been watching that. ironically was that may not

actually be a decline in employment, could boost employment if they hired to workers and said that one full-time worker. we will be watching the competition. the market is getting better, and i do think as the college graduates coming into the workforce, they have certainly faced better job prospects now than a year or two ago. but again it is not the kind of employment growth we really should be seen, not the kind of employment growth we need if we're going to see an economy growing at 3% or better. melissa: better than expected en keeping ben bernanke with his foot on the pedal which is why the stock market likes it, no doubt. michelle gerard, thank you for coming on. >> thank you, melissa. lori: more trouble for jamie dimon. targeting a top executive at the bank. adam shapiro with the very latest in the newsroom. adam: the latest accusations, the heel of several consent orders that have been delivered

to the bank and have agreed to because they have not been in compliance with laws and relations involving money laundering and suspicious activity on the clients as well as mortgage servicing and foreclosure problems. but now this latest problem involves the head of global commodities for jpmorgan chase and it is coming from the federal energy rate with great commission. according to dow jones news, as well as three other traders at the bank made misstatements for lack of a better statement, lied under oath regarding contracts being enacted between parties in california, in michigan, and these contracts created overpayments to the bank. this is the statement from jpmorgan chase regarding all of this. coming from a federal energy relation commission. the bank says we strongly dispute that she or any employee lighter acted inappropriately in this matter.

we intend to vigorously defend the firm employs this matter. it's one issue the bang his head deal with. i mentioned the occ consent orders because the bank has been in serious troubles over the agreement it didn't comply with statutes for money laundering. jpmorgan chase ceo, jamie dimon, actually said in his letter to shore holders in april "we received predatory orders for improved performance in multiple areas including mortgage foreclosures, we expect we will have more of these in coming months. the shareholder meeting may 21 in tampa. it'll get a lot of attention. melissa: california received a nice bonus this spring, unexpected surplus of personal income tax payments $4.5 billion. the program hopes to give back funds to those cut deficits.

governor jerry brown wants to use tax revenue to pay down some of the billions. melissa: what a novel idea. lori: zip car announcing is expanding its service to major airports around the country. the car sharing service charges membership fees along with the cost of the rental. zipcar rents by the hour and hopes it will attract travelers for delayed flights wants to get away for a little while. black arletter announcing earlir service outages have been restored. the company released a statement on the issue but would not specify how long the outages last and what market was affected. a spokeswoman for blackberry said they will continue to monitor and investigate the issue. melissa: investors snapped back to reality. not before a sharp selloff in the stock. lori: is all about what you're

going to do for me in the future. 17 degrees in the month of may. the midwest digging out after the spring storm. melissa: is now a good time to buy gold? liz claman coming up next. lori: and honest jobs friday, a reaction in gold, down a little bit. 1464. silver and copper are gaining ground. a big gain in copper. driving the copper trades today. we are back after this. this is $100,000. we asked total strangers toatch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime.

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lori: let's get you caught up on the market. a sharp rally. the dow 166 points. back before the new york stock exchange, nicole, job job suppot setting the tone this morning but it really was a wild week for the market, other economic news that wasn't so great.

nicole: we have a very, native said for the last findings we have found, and the dow jones industrial up 168 points at the moment all three major averages gaining more than one full percentage point each. some names on the move because of earnings. it is important to look at how companies are doing. first starting off with craft hitting a 52-week high, right now as we speak the highest level in the year-to-date about 20%. profit beats the street, shares on the rise, oscar mayer, that is good news as we saw the profit exceeding the analyst estimate. take a look at linked in coming under pressure with the revenue missed while they had higher membership premiums that were

good, the guidance was below the analyst expectations. back to you. melissa: thanks. the headline number in the job report coming in the privately positive note keeping a bid on gold come back. gold has been marching higher after hitting a fresh one-year low last month. however prices are still down about 12% year-to-date as we wanted us know what does oracle of omaha think about gold as an investment? liz claman caught up with him for his take. >> gold is not reproduced or anything, it's just sits there and you hope somebody pays you more for it. liz: a teacher interest at a lower level. >> at gold went to $800 i would not be a buyer. it is never interested me. back to 1965, you could have

bought two shares of brochure for an ounce of gold. so far two shares of berkshire has been better. melissa: he would not be a buyer at 800. it is what it is he would not buy it. more words of wisdom from warren buffett. liz claman sits down with him monday along with his right hand man. and a very special mystery guest. who is it? coming up this hour, you know it is tennis shoes and we introduce you to the ceo joining just about 20 minutes from now. you don't want to miss this. lori: he is so detailed i and hs description on his outlook of gold. historic and wall street as the dow and s&p surged to new record highs at the april jobs report.

brian jacobsen will weigh in same is much more room to run higher. next. melissa: take a look at how the dollar is faring. the dollar is trading lower against the euro zone and higher against the yen. we will be right back. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards anapply online. creditcards.com.

>> 22 minutes past the hour, this is your fox news minutes. the bangladesh death toll is now 501 people with 149 still missing. in the collapse of a building that hosts several clothing factories. bangladesh finance minister is calling it an accident and "not really serious." he said it would not hurt the country's garment industry which is 600 largest export income. a large plane has crashed, a defense official says the air force tanker aircraft was on a refueling mission for afghanistan war operation of the time of the crash. a three-man crew on board.

the status is currently unknown. president obama seized new mexico in merging in students he cited the deepening democracy and growing economy. the president also said the root of much of mexico's violence is the u.s. demand for illegal drugs. and those are your headlines. now back to melissa and lori. melissa: thanks so much. we have breaking news, richmond federal reserve president speaking out right now. on the jobs report. he says there is no question that has been a substantial improvement in the outlook for the u.s. labor market over the past six months. so no question and improvement. lori: he is a noted dissenter as a voting member with easy money policy we have had. so that is quite startling statements. let's talk more about the jobs report and the impact on the

market economy. april job report when the market to new highs heading for a fourth record close this week. brian jacobsen is the chief portfolio strategist at wells fargo management taking a look at where we go from here. look in your crystal ball, sir. >> where do we go from here, yes. melissa: imac lori: lori: it is like investors are ignoring some weaker economic data also that we got this morning in the term of factory numbers, adding to this soft spring picture developing, what is the story for the economy? >> it seems like it is a little muddy with the way it looks. we got a very good employment situation report with a positive revisions as you said, so the institute for supply management, the isn numbers, various indices have come down a little bit which raises concerns, but they are still expansionary territory and that is one of the things we

should be really looking for. we just published our market roundup on the wells fargo advantage funds, and in it we talk about how investors should be looking for progress, not perfection. because we are making progress, but things are certainly not perfect. lori: would you consider this rally a relief rally? we will not get back into recessionary territory? >> exactly. people were convinced the pattern established the last three years, 2010, 2011, '12 we saw a drop-off in the springtime or summer time, and everybody was anticipating the same thing. i shouldn't d say everybody, i will say most people because we weren't expecting it. what we saw was given earnings have stayed relatively robust and we got a good report, it is a relief rally. lori: what are you thinking for release strategy? would you buy in or would you take profits off?

>> at the moment i'm staying fairly neutral. we have been overweight equities favoring the growth sectors like information technology and focusing more on domestic stocks rather than foreign stocks. but i would not take anything off the table because we don't really have a lot of headwinds in the way of some notable meetings coming up for data releases that should really be rail this move in the market at least for a while, so it probably stay for the moment. lori: would you unload on some of the defensive names? are you looking at the sector rotations? more reciprocal names, no? >> what i'll be looking at doing is not necessarily change in allocation between equities and fixed incomes, but in the equities space look a little bit more growth because over the course of the next three years there is significant upside for the u.s. market overall. for those companies really out

there innovating and creating disruptive technologies. industrials area to extend in the health care area where you can find some of those names. lori: we appreciate your info. what is your s&p target? >> for the balance of the year thing we could see 1720 some point, but probably at about 1640. we could have a bit of an economic slowdown toward the end of the year, but i would be looking at if we get apart around 1700 on the s&p, i would take a little bit more off the table. lori: brian jacobsen, we will have a vaccine. thank you. >> than thank you. melissa: coming up tonight on "money," brad anderson will join me to discuss april strong jobs report. is it a surprise comeback for businesses hiring in the new market fuel even more job growth? that is tonight at 5:00 eastern on fox business.

yes, the calendar says me. but 10 states are digging out from a brutal snowstorm. parts of wisconsin and minnesota are reporting a foot of snow. iowa, kansas, even arkansas reported several inches. bless their hearts. temperatures in boulder colorado hit 17 degrees rake in 106-year-old record. firefighters still battling a brush fire already burned over 10,000 acres in ventura county, only 10% contained. authorities expect the flames to gain strength today. the high wind and dry vegetation so far 15 homes have been damaged, the fire is now moving toward malibu. lori: very close to where we both grew up. very scary stuff. filing for unemployment even when you have a job. we will look at the multibillion-dollar scam costing taxpayers big. melissa: 35,000 people headed to

omaha for the berkshire hathaway meeting and a chance to hear from warren buffett. liz claman is they are coming up. lori: a look at who is up, who is down. most are winners today. don't have a couple of stocks in the red. most of those companies have news associated with it. we are back after this.

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lori: big day for the markets. the dow climbing 157 points, hitting 15,000 a couple times already in the session. let's head back to the floor of the stock exchange and check in with nicole. >> it is tough to get to 15,000. obviously a lot of folks have been waiting for it. you get to the 15,000 and tough to hold those levels. you break records and hard to stay at the top of the

market. so the market is taking a little breather coming off the highs of the day. you can still see it is near the 15,000 mark. aig, look at up 5.7%. aig came out with their quarterly numbers. this is the first quarter that the u.s. did not have any holdings in aig? you can see obviously having a stellar performance after they did beat the street. back to you. lori: great stuff as always, nicole. melissa: $3 billion of your taxpayers dollars went to fraudulent claims for jobless benefits in 2011. that is according to a study the st. louis fed. who is ripping us off and how are they getting awith it? kate rogers of foxbusiness.com has been working the numbers for us. those are incredible numbers. >> they are very high numbers. what is staggering 2.2 billion went to people who have full-time jobs. they're working an managing to rip off the government on the side. melissa: how do they do it? >> they're doing it by and large under the table. these are people who work in

the construction industry, the service industry. they're getting paid under the table. melissa: in cash? >> in cash and filing for benefits on the side and getting them. lori: how is the government doing uncovering these perpetrators? >> well the department of labor declined to comment for this story but they did direct me to their website. last year they gave out $170 million in grants to 30 states to try to beef up the unemployment, integrity programs. make sure people are really filing the claims legitimately. but still remains to be seen whether or not the cash will be put to good use. melissa: so they're spending more money to figure out how they're losing money that -- it is all taxpayer -- their solution is to spend more taxpayer dollars? >> exactly. some of the things people are doing with the cash is really stunning. this one man in connecticut, an inspector told me watched him for a full year build himself a lakefront poll last, the investigator referred to it as a palace. that is how ex-traf

extravagant and he was not caught until he was done. >> are there incentives to go more on the books --. melissa: incentive that you're an outstanding citizen. lori: that alone, not having to go to jail. maybe the other side of the question because you make a good point. you will face jail time. >> exactly, if you get caught. very hard to find another job after that, near impossible as it should be. lori: kate rogers, thank you so much. >> thanks. melissa: so the run for the roses might be a wet one. grab a mint julip. numbers to know ahead of tomorrow's kentucky derby. lori: from kentucky to nebraska, liz claman up next with the man who is scooping up market share and from omaha, jim weber. look at treasurys. people are pleased with the safe haven the treasurys today. melissa: wow. lori: thinking the jobs market is a good sign for the overall economy, so who kneeleds protection. yields are shooting higher

1.74% on the 10-year. similar story on the 30-year. melissa: wow. lori: almost a three handle on the 30-year, amazing we're almost back to that level. we're back after this 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. 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 by 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. >> i'm jo ling kent with your fox business brief. investors cheer stronger than expected jobs report from the labor department. the dow hit a new high,

crossing the 15,000 mark and the s&p 500 also hitting a record high as it passes 1600 for the first time. the servicing sector expanded at a slower than expected pace in april than march thanks to a weaker growth in hiring and new orders. keep in mind the servicing sector accounts for 90% of the u.s. workforce. and with "iron man 3" kicking off the summer blockbuster season this weekend do you feel like you have already seen the best parts of the movie? nearly 50% of the those polled by a researching firm feel trailers give away too much of the movie's best scenes. that is the latest from the fox business network, giving you the power to prosper.

lori: that's so cute. more than a thousand limited edition brooks running shoes

sold at last year's berkshire hathaway shareholder meeting. the company owned by warren buffett is doubling down on the bet this year. liz claman live in omaha with the man running as fast as he can to sell the product. liz: can you imagine how many, how much would you have to do to get 2000 customers and all not because of a shoe and but the shoe is great but the inside of it? the inner side has a picture of warren buffett. i don't know how closely you can see. you can see the little face. that is the big draw for this shoe and brooks is the company pulling it off. i can't imagine where you have instant access to 35,000 customers. jim weber with us now in a fox business exclusive, the ceo of brooks. what is that like? >> well, liz, it is a great opportunity to connect with runners. that is what we do with brooks wherever we go. not only do we have a chance to sell a lot of shoes to the berkshire faithful at the show, we're selling the

pure cadence shoe at berkshire hathaway with a special edition. we give them a chance to do a run on sunday this weekend. liz: talk about the run. this is the first time the berkshire shareholder meeting which has turned into, i will call it a circus, may i? which i will run in the honor of the victims the boston mayor than. i would like to say, off the bat, a the weather, b, security. it is freezing here. are which going to cancel this? any chance the race will go on? the race will go on. we're all running for boston on sunday. you know the entire country obviously is trying to make any sense at all of a senseless tragedy and i think the running community went there too. we're all running for boston right now. liz: i would like to say brooks had 20 employees at the boston marathon finish line helping out and bombs went off. is everybody okay? >> everybody was okay. it was very scary, one of

the greatest running shops in america is marathon sports right on the finish line. the maybe initial reports were that the bomb went off inside. so we were very concerned but everybody is okay on our team. liz: let's get to more than okay on revenues. jim is about to make a major prediction. last hour, ron pelletier home services of america says he will do 50 billion in business writing residential real estate. i want your prediction for brooks. what will you do this year? >> we have a lot of wind at our back. this year weill be up 20 to 30% again. runners vote with their feet and credit cards. liz: money, how much? >> we have a shot cracking 500 million in revenue this year which is a huge, huge benchmark for our brand. we're very excited. liz: never done that before? >> half a billion. record year. liz: what is it like, how do you think your company benefited being owned by

warren buffett and berkshire hathaway than being independent? what is the advantage? not just the capital to help us grow. beyond that? >> i think it is long term vision. they own assets for perpetuity. that gives us long opportunity to build our mode what is what runner stand for. we look at that literally in 5 to 10-year horizons. that is great competitive advantage for us where we compete. liz: well the race is going to be called, the run now, invest in yourself race. they are selling these bracelets. of course buffett doesn't give anything away. all the proceeds of these bracelets will go to the runners and the victims of boston. >> families. this run now braislet is specifically for the families of the boston tragedy. liz: jim weber thank you so much. ceo of brooks running. they have done unbelievably well. we're just warming up here at the omaha hilton where it is shareholder central. coming up in the next hour, buffett's broker for

decades. this is the buy who has got the call in the middle of the night or the crack of dawn on july 4th, any hotel, anywhere he is, he gets a call from buffett to buy or sell stock. john freund is a fox business exclusive. buffett's broker from citigroup. in the 3:00 p.m. hour, among our great guests, netjets ceo. he will be talking about the more than 180 jets that they are buying. embraer, bombardier, can't imagine how they're growing in the fractional jet ownership space. he will talk about buffett's preferences when it comes to private jets. very special fox business exclusive, 4:00 p.m. eastern. you know that buffett just bought heinz with 3g capital. bill johnson the ceo of h.j. heinz, he made it the company so attractive that warren buffett wanted to buy for 28 billion. this is the first buffett shareholder meeting he ever attended.

he just had his shareholder meeting which officially approved the acquisition, the sale to buffett of heinz and only 20 people, 20 shareholders showed up to that one. he is faced with 35,000 shareholders. just imagine, there is nothing like the shareholder meeting on the planet. we're bringing it to you live all day long. then of course, monday the big up it view, warren buffett, charlie monger, and berkshire board member bill gates joining us all live together, 9:30 a.m. eastern the who is the question mark to the right? a very major surprise guest for the buffett faithful. wait until you see. you will only get the here on fox business. melissa, send it back to you in new york. melissa: people are already guessing on twitter who the surprise guest. you're the hardest working woman in television. great job. look forward to all of it. >> thank you, you're right there with me. melissa: as we do every 15 minutes let's check the markets. keith bliss of katon and

company is on the floor of the new york stock exchange. keith what is your bet? will we close above 15,000 on the dow? >> first thing, melissa, i want to let everybody know i'm not the mystery guest. we'll take care of that. melissa: we marked you off the list. won't guess about you on twitter any longer. what. okay. >> we got that out of the way. close above 15,000 i think it is reasonable that traders push it above the mark. very good psychological mark. i can recall back in 2009 pundits on tv we would get to dow 15,000 when the seemed like the world was coming to an end. here we stand four years later. only take a couple of ticks of large cap stocks to get us there. closing volume in the market have always been largest specially last 12 months. i think you will see buying come in to take advantage of the rally at the end of the day. melissa: what is really driving this? is the jobs report better than expected? perfect mid i will road thing it is better than expected but not so great that it gets fed out of the

business? how would you characterize it? >> i referred to it earlier as the goldilocks jobs report. not too much and where people would think the fed potentially would be willing back and not too little that has people think the economy is really, really weak. it is right in the middle and better than expected. it gives people reason to be calm that the fed will still stay in there and buy $85 billion of bond each month and keep juicing this market. >> keith, thanks so much. have a great weekend. >> thank you so much. >> he is not the mystery guest. lori: that is hilarious. what a great sense of humor from keith. the saying stop and smell the roses. what about stopping and smelling the freshly cut grass or even bacon? you heard correctly. latest line of scented candles especially for guys a candle that smells like bacon would make me hungry. i don't know the point of that. let's look at the list of winners and losers on the nasdaq as we head out to break. kraft foods at the top. we'll be right back. i turned 65 last week.

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lori: all right, attention, fellas. got a man cave? how does it smell? well, how about a scented candle to personalize it? yankee candle has a light of man candles featuring frank againsts like bacon, leather. yankee candle ceo harlan kent joins me. by the way, yankee candle itself in play for what could be a $2 billion deal. we'll talk about it today. thank you so much for joining us, harlan. >> great to be here with you. lori: do men prefer the smell of leather and mode lawn and bacon than the women do the smell of fruit.

>> they do. that is one of the things we learned last year. we think it will be a big opportunity for us to selling candles to men. lori: quarterly earnings for yankee candle is next week. i know you can't talk about them but for fiscal 2012, yankee candle earned net income of 56.2 million, up from the prior year though not by a whole lot. your long-term debt load is pretty heavy, 846 million. this gets me to my question of are the man candles making an improvement to the bottom line? >> yeah, man candles have been great for us. we, if you look at people who buy scented candles, less than 10% of our people who buy yankee candle are men but they, actual people who use candles it is about 35% are men. so we see a big opportunity if we fet the right fragrances to build out a brand new market for us. last year we rolled out some fragrances for father's day and it was a runaway hit for us. lori: i know, i'm sorry to cut you off but i want to talk about the appearance

you did on the reality show "undercover boss" as yankee candle employee? did this influence the decision? you actually twisted the arm of the innovation head to come out with the man line of candles? >> i did. i have a great head of merchandising. i said she was discriminating against men. they wanted better smelling man caves. she came out with great fragrances. and it was a huge hit for us some we're excited but one of the things we did we were trying to figure out how to top what we did last year and so we have about a million fans on facebook. so we went out and asked them what was their most requested fragrance and who would have thunk it but bacon came back as number one request. that is what we're rolling out. we're really excited w he think we have a great bacon fragrance. lori: i want to get back to the financials. fitch rating said your relatively flat financial performance constrained ability to lighten heavy debt load i mentioned earlier. is this partly why some

analysts say private equity deal could put value for acquisition of yankee candle up to $2 billion? the first round of bids is complete. you have already big names. bain capital there your former employer, advent, clayton and rice among others? >> yep. so i actually worked for bain consulting. i never worked for bain capital. i worked for one of their portfolio companies. but if you look at last year and kind of give you, add a little bit of color what you were saying so our revenues last year were just under $850 million. they were up 7% from the year ago. we have ebitda of $201 million last year, which was up about 4%. so we have a very cash-generating business model. that is very, very strong and we think certainly there is great opportunities. when you're talking about in terms of exploring strategic options, we're constantly trying to figure out how to maximize shareholder value. so, looking at options and in every and all options is an ongoing process for us.

it is something that is always happening. lori: i hope when you do agree to a deal you will come back and talk to us about it. >> absolutely. lori: thanks so much. >> great. thanks. melissa: break out the sun hats, bourbon and checkbooks this saturday marks the running of 139th kentucky derby in the first leg of the historic triple crown. 20 horses and jockeys are on the roster. the best don't always come away with the roses. the top contenders orb and verrazano, each are the favorites. golden sense is 11-2. revolutionary and normandy invasion come in at both 9-1. unlockly horse, onxy, 50-1. there is one horse jockey duo caught in the spotlight for sure in the run-up to the derby. 25-year-old rosy depravanik on my loot. this is the first female jockey to surpass $10 million in earnings. she has won more than 1500 races.

she is sitting comfortably at 16-1. definitely going to watch. root for rosy. i can't help it, why not. lori: didn't tell us the color of jockey silks that is how i base my bets on horse racing. melissa: really? lori: on color of the suits. melissa: what do you want? lori: lavender or pink? that works. 50-1 horse, onyx i bet it wins because he will have the most stylish, fashionable yok can i. what is a kentucky derby without the signature southern drink a drink that could cost you $1,000? woodward reserve is offering a limited amount of spruced up julips for charity. the four figure cocktail features computer challenge last and gold mineral water ice cubes along with the award winning bourbon, of course, of course. stocks heading for another record breaking week?

hank smith from haverford trusts joins tracy byrnes and ashley webster on fox business next. don't miss it at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking,

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tracy: welcome back, i'm tracy byrnes. ashley: i'm ashley webster. a historic day for stocks. the dow briefly topping 15,000. just a little under now. the s&p blasting through the 1600 level. coming up one money manager tells us why he is still bullish despite all the skepticism about this record market. tracy: and there's still a lot. news that thousands more jobs were added earlier this year than first thought. wall street likes the numbers but we'll talk with one economist who says the job market still has a long way to go. ashley: a long way. he is the man who executes warren buffett's top see credit trades, morning, noon, and night. citi broker john freund talks to us exclusively with liz claman, live from omaha. that is coming up. tracy: talk about markets

now, time for stocks as we do every 15 minutes. nicole petallides on floor of the new york stock exchange. where is that 15,000? we have to finish the day with it, nicole. >> that is tricky and hard. broke through a real milestone there and certainly a psychological level. there was question whether or not we would even break through there. we'll see whether or not we close in 15,000. that day would go down double history not only break it intraday but at the close. this is a day that we to the propelled to the upside after the monthly jobs report which came in better than expected. we revised the two months prior. also those were revised to a better level. so that really set the tone on wall street and really pushed the futures. once those futures jump that environment we've been in all morning long. names to the upside. i see the index has turned into the red. that is something we will continue to watch. watching dow versus s&p. there you go, that is a one-week chart. obviously both are real winners. s&p we shouldn't leave out

also at an all-time high. back to you. tracy: thanks, nicole. see you in 15 minutes. ashley: oil prices climbing on the back of that jobs report. fox business contributor phil flynn of price futures group the in pits of the cme on this friday and phil, crude is at a one-month high. >> it is. i'll tell you what, it is up over $10 over last two weeks. this is absolutely incredible move for oil which two weeks ago people were predicting, 80, maybe $75 a barrel but that all changed right now. when you have the federal reserve being very accommodative moving away from quantitative easing, you have the ecb in there, demand expectations are rising and they're rising in a big way. how much? well maybe we ought to look at another commodity and switch over to copper. look at copper right now. this was a market give up for dead. the global economy, dr. copper, everything is slowing down. we were down, we're bad, forget about that. one big jobs report, bang. we're up over 20 cents right now on copper which is an incredible one-day move. it is absolutely amazing to

see the mood shift in these commodities. you look at bonds, look at copper, you look at oil. everything was doom and gloom a week ago. now demand expectations. what is amazing about, this it is based on expectations. right now, the demand for these commodities, it has not been there. we saw interesting, strong cash demand for copper in recent weeks after the ecb announcement. if look at demand for oil, it is at the lowest level in april probably in 20 years. this is all about expectations. thinking if the economy is getting better and demand will be right around the corner. ashley: well, good dose of optimism i guess. phil flynn, price futures group at the cme. phil, thank you so much. >> thank you. tracy: with the dow and s&p both hitting record highs on the heels of this morning's jobs report and our next guest remains bullishish saying equity markets are the place to be. joining us hank smith, half

very far -- halfer ford trust chief investment officer. you're not alone in that statement. there are some out there or many skeptics that say we're in bubble zone. really this market is not going up and up on fundamentals or economic data, is it? >> no. i would argue that the market is catching up to fundamentals. you go back to 2010, 11 and even 12, the market lagged fundamentals. earnings growth far outpaced return in the market. the market is catching up to where it should be. very quickly the economy is expanding, it is not contracting. profits are rising. they're not falling. balance sheets are great. pes are below historical averages and when you factor in the level of interest rates and inflation you can make the argument they're cheap. fundamentally i think the market is very attractive. tracy: it is fun in i got your notes on all those points but i couldn't help write, glass half-full. you could clearly look at it the other way, right?

it is not moving as fast as it should be considering all the money we're dumping into it. talk about the average retail investor. why is he missing this? we have a volume chart potentially throw it up, volume is still really weak weak. volume is the same today as it was last year. that means the retail guy didn't join the party. >> well, look, there's still a ton of anxiety, maybe even a little bit of fear. even though we had net inflows into equity fund in january and february there were still net inflows into bond funds. anyone buying a bond today is not expressing confidence, optimism, exuberance or any of that. they're expressing anxiety an fear. so, that great rotation, that hasn't started yet, of this is all good for the market. there is still a ton of buying power, cash on the sidelines, cash in short-term bond funds that is earning nothing. so this is positive. tracy: i agree with you. although whatever is keeping these people in the bond market has to go away. and that could be uncertainty coming out of

washington. uncertainty overseas. none of that is going away anytime soon. >> no. but a big difference between today and a year ago or two or three years ago is, we're starting to see a little bit of confidence. some of those big major macro headwind are a little less ominous right now. china is not going to have a hard landing. european banking system and financial system is not going to implode. and we got through the fiscal cliff. we got through sequestration. so, confidence is starting to slowly come back. tracy: okay. i hope you're right. i do hope people get in this. talk about some of the things you're doing. you have taken profits out of your defensive sector plays. where are you putting it? >> well, we're starting to and putting into some of the more offensive, some of the more cyclical areas that have lagged a little bit. technology being one. some of the industrials have underperformed here. so, they look attractive to us but we still want to

balance between defense and offense, between the steady-eddies and the more cyclical companies. and yes, we want dividends and you can still get better than bond yields with dividends and that is not a crowded trade yet. it is only a crowded conversation. tracy: we have some stocks hitting record highs today on the s&p 500. you know, our illustrious charlie brady sent us a look. six in the industrials. six techs, four tears. these stocks already are high. are you still getting in them though? >> yes, in fact we own the first four own and we own some of the stocks on that second list as well. yes, we are still buying them today. tracy: hank smith of haverford trust, thank you for being with us. >> it -- have a great weekend. tracy: yeah, you too. ashley: a lot of buying power as he pointed out and that's so true. you know if you seen this rally and just sat there you have to be itching, right? tracy: yeah, you would think.

think about the --. ashley: plenty of upside to the market moves. of course we're tracking this market rally all the way today till the close. live update from the stock exchange next. tracy: he has been making trades with warren buffett for 30 years and he has some stories to tell. liz claman with warren buffett's broker john freund coming up. look at oil as we head out to break. it is up almost 2%. we'll be right back. [ man ] on december 17, 1903,

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>> patience. i got to tell you something. it is really tough for a lot of people in this market to chase stocks at 52-week highs. one of the reasons i like this one people should pull out a five-year chart. we have a long way to go. this was a complete 100% train wreck and the name is actually in, you have a five-year there. pull up a 10-year chart also. the point there is a lot of room to the upside. the part of the problem is the name, american axle. in 1994 they had five facilities and two customers. now the company remany havepped itself. 33 facilities all over the world. 100 customers. so to diversified platform. they got rid of a whole lot of legacy costs. they expanded the footprint. backlogs are up significantly, just up 60% in north america. 31% in asia. i think they're well-positioned. that is what i'm talking about. tracy: what does the name have to do with it? >> before it was american axle. only did business in

america. ashley: i see what they're saying. >> it had two customers. should call it like global axle. ashley: they're riding with the auto industry a lot. >> this name crashed when the auto industry -- and they reend vented themselves. they revamped themselves. what i'm saying to people who feel like you're chasing it, you have a lot of room to the upside. ashley: look at that 10-year chart. >> fraction all atly to the glory days. tracy: you're getting in here? where do you get out. >> 20 would be a great target from. i feel good about it from a risk/reward view. in this country we're back to 15 million run rate with cars. around the world there huge demand. they are growing faster than the industry. ashley: charles, the markets record today, 15,000 on the dow, 1600 on the s&p. to the point to the guest we had in the last segment there is so much more buying power on the sidelines just waiting to pull the trigger. when are they going to jump

in. >> you know what? new highs begat new highs. people will look at 401(k)s and start to feel better. i saw it in my business beginning of the year, people who written off the market coming back in. i saw brokers who hated the market, keep telling me fixed income, fixed income i'm leaving you. it is starting to happen. you know what i think will be proverbial hock can you puck or avalanche. trickle, trickle, all of sudden wham. unfortunately it will happen significantly higher from here which is what history always shows. tracy: what will be the point make the hockey puck shoot up to the sky? >> more goes up more people will want to get into it. at some point -- i don't think we'll get the to point where cab drivers will be trading the market at red lights. tracy: i think everyone should --. ashley: let's hope not. tracy: put a picture of refrigerator box on bathroom mirror, that is what you will live in if you don't invest to the market. that's what you say to yourself. >> again the theme is investing in great american companies, don't worry about

the shenanigans the market because they will drive you crazy. two different things. tracy: thank you, charles. >> have a great weekend. ashley: you too, chars. all right. coming up to quarter past the hour. time to check on those markets. nicole petallides down on the floor of the nyse. nicole? >> ashley and tracy we're taking a look at the markets trying to gauge what we do into -- go into the back after of the day before the closing bell. the markets are maintaining a nice lead and still holding onto the 1% mark. we've come off the earlier highs. it is worth saying again, dow 15,000. we broke through that level. went up to 15,009 and pulled back some as you can see. but still holding onto a 152-.gain on the heels of the jobs report. that being said, let's look at aig, a name we're obviously familiar with because we all owned a part of it. this is the first quarter which u.s. taxpayer doesn't actually own any holdings of aig but you can see here that the stock is up 5.7%.

it is hit a new 52-week high. up over 25% last year-to-date. i'll be more clear, year-to-date. that is the latest. back to you. ashley: very good, nicole. we'll check back with you at the bottom of the hour. tracy: one of many stocks we own. >> that's true. tracy: coming up he is the man warren buffett calls when he wants to buy or sell a stock. citigroup's john freund is live with liz claman from omaha next. ashley: how is the u.s. dollar moving with the markets hitting intraday highs again? yes, tracy the europe up again. tracy: oh. ashley: 1.31 and some small change the pound is back up to 1.55. not that these countries are doing so great. everybody is up except the japanese yen which continues to be a little weaker against the u.s. dollar. we'll be right back. my mother made the best toffee in the world.

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>> at 20 minutes past the hour i'm patti ann browne with your fox news minute. in california the santa ana wind have shifted but the wildfire flames continue to threaten homes along the coast. new evacuations have been called. about 20 miles from malibu. more than a thousand firefighters are battling the blaze. it has grown to more than 15 square miles. it is only about 10% contained. president obama see as new mexico emerging. in a speech to mexico city

university students he cited the country's deepening democracy and growing economy. the president also said the root of much of mexico's violence is the u.s. demand for illegal drugs. and since the first kentucky derby back in 1875 no female jockey has ever won. but 25-year-old, rosie nepravak will try a second time tomorrow. she will ride a 12-1 long shot. two years ago she guided pants on fire to 9th place. that is the best so far for a woman jockey. those are the headlines. back to ashley and tracy. ashley: 12-1. might be worth a little wager. >> might be. ashley: patti ann browne, thanks so much. something unusual happened this week. warren buffett did something he rarely if ever does, sell some of his position in a stock that the markets know right away, instead of waiting quietly to file through the sec. buffett sold more than a million of his 26-million share stake in moody's ratings agency as it finally

recovered from multiyear lows. the man for 30 years has been on the other end of the phone when buffett says, sell, he will join liz claman in a fox business exclusive live in omaha. liz? liz: yes. not just when he calls and says sell. but what he calls and says buy. john freund is very often on the other end of the phone. he is with citigroup. a long-time broker. now managing director of institutional equity. we're thrilled to have you in a fox business exclusive today. >> nice to be back again, liz? liz: this is your 20 something? >> 25th consecutive year. liz: what was it like back 20 years ago? >> it was terrific. the first one i attended at the johnson museum. warren gave out doughnuts and coke, you know. there are only 200 people there. and it was, they had twice at johnson museum. it was actually nice. he gave out free things which is unusual for warren to do.

liz: nothing is free now. >> not anymore. liz: he would sell the toilet paper in the bathrooms if he could. get to your role in his professional life. it has been a fascinating one. we've spoken to you in years past. i always say you're the guy that gets a call in middle of the night, on 4th of july, on christmas day. the whole marmon industries christmas day story couple years back. >> yeah. ashley:. liz: today what has been the most memorable phone call, most memorable discussion? >> the interesting thing with warren he is always in motion and he has wonderful vision and he is rational about things. in how he uses his cash flow from all the different companies. he takes it in and it is a long-term use of the cash foal and optimizing that cash flow to make other invests. for instance, you know, yesterday he announced he was buying rest of is car he didn't know. liz: israeli metal working tool working company. >> yes. buying it for $2 billion for

20%. now, seven years ago when he brought the first 80% he only paid $4 billion for it. so basically, you know, the annualized that 10% a year, investment rule i'm sure you know, rule of 72. if you want to find out how long it takes to double your investment. take 72 divide it by interest rate and find out how long it takes to double your money. so do the 72 you take 10%, it comes out to 7.2 years. it has been basically seven years. so that is 10% annualized on that investment that is a terrific investment. liz: sure was interesting in the shareholder letter where he said last year he failed to make one gigantic investment. in february he surprised almost everybody buying heinz outright. what do you think of that as his long-time guy who effectuates that? >> i think it is terrific. looking for elephants to invest in. this one he has a operating partner. he is putting up $12 billion. 4 billion in equity and eight billion in a preferred he gets 9%. now part of that preferred

he will taking out at premium. he gets warrants to buy stocks, heinz stock at cents on the dollar. liz: as you're talking some viewers are watching and thinking that is just amazing how his mind works. by the way, not just outright companies that he owns we should also mention his stock portfolio which you have fingers in as well is about 87 plus billion dollars. >> year-end was $87 billion. that i think cost was 50 billion. liz: look at some new positions he has taken. always surprises people when he put puts out the filing and says here is exactly what i bought. archer daniels midland. liberty media. verisign which surprised me which is a technology company. he increased stakes in wells fargo, john. it is now a gigantic holding. slightly bigger than coca-cola holdings, right? >> i think so. coke had a nice run recently. liz: directv. we had mike white of directv. he is thrilled buffett is

shareholder i'm sure. then decreased stakes. doesn't mean warren doesn't love the companies. sometimes he needs to raise capital to buy companies he loves more. >> or, correct, or sees investments he might prefer to invest. could be fixed income. because he is buying a position in heinz and needs to raise money. liz: diageo and we mentioned moody's. at the end in newspapers he investing in newspapers. suddenly carlos slim, mexican billionaire is investing in newspapers. and koch brothers. he is at 82 a leader instead after follower. >> he has vision. he loves newspapers. as you know, he delivered newspapers when he was a kid. and i'm sure you're going to be in the newspaper-throwing contest again this year although you didn't fare too well last year. liz: i nearly took out a window last year. i went far but wide. john freund of citibank. thank you so much. >> thank you. nice to be here. liz: warren's long time

broker here at the fox business at the hilton in omaha. what a setup for the 3:00 p.m. hour. by the way we're watching the markets roar ahead. it has been quite the day. guess who is making a lot of money if they got the stock, and they do? buffett's kids. berkshire hathaway a-shares hit all-time high. this is fox business exclusive, growing up buffett. more importantly he gaven them each billions of dollars for philanthropic efforts. what you is that like to have dad give you money for your own charity? 4:00 p.m. eastern, ceo of heinz, bill johnson in a fox business, exclusive. as we mentioned buffett and 3g capital out right bought heinz in a $20 billion multilevel deal. we'll talk to bill johnson what is up next. for some interesting reason he is not staying. buffett always buys companies to keep managers in place. while find out the real story for bill johnston. so much more, including the big one. monday's interview.

join us 9:30 a.m. eastern. warren buffett, his vice-chair, charlie monger and board member and microsoft co-founder bill gates. plus the big question mark, a surprise guest that is going to change the face of berkshire hathaway in a very certain way. you've got to stay tuned for that. you only get it here on fox business. we'll see you in just a bit at the top of the hour, you guys. ashley: that is what i call a tease, liz claman. by the way i want to be a buffett kid. we all want to be buffett kids. thanks so much, liz. tracy: coming up, surprising gains in many parts of the jobs market. we're going to break it down. one economist tells us why there is a lot more room for improvement. ashley: first look at some of today's winners as the market continues to surge. we'll be right back.

>> just under 90 minutes now until the close. nicole petallides. nicole: i was just chatting with one of the guys down here on the floor of the exchange, and we were talking about what we have seen on the major market averages the dow crossing 15,000 the s&p above the 1600 mark. it is interesting, a lot of people like the psychological levels but you talk about the 5097 and the s&p 500, that was revised. actually another person to follow closely saying if a close above 1604, that is good bullish signs. u.s. marines, thank you for your service. back to you. ashley: thank you very much, we appreciate that. oil closing up $1.62 at $95.61

per barrel. the second straight day of gai gains. oil picking up today. tracy: unemployment rate fell to 7.5% of the month of april as the u.s. economy added 165,000 jobs. rich edson reporting on these numbers inside the beltway since they came out this morning. rich: become a 114,000 more jobs thanks to better than reported growth in retail, leisure, hospitality and professional and business services. in april at 176,000 jobs with 75,000 positions in professional and businesses services, 31,000 in temporary help services, sometimes indication of future full-time hiring. 6000 losses in construction, and a drop of 11,000 government jobs. a thousand of those federal positions. the white house says the economy

is improving although officials say higher taxes on the wealthy and a boost in government spending will help accelerate growth. >> construction employment declined, and while the housing sector has been improving we still need to improve our infrastructure, it will raise our competitiveness. rich: in a statement, to get things moving we have to seize opportunity the president has been ignoring. simplifying our tax code and raining in red tape. replacing the presidency quester with smarter cuts and reforms putting us on a path to a balanced budget. congress returns from a weeklong recess next week. back to you. tracy: rich edson, thank you very much. have a good weekend. ashley: here to dig deep into the jobs report and look beyond the numbers is scott brown, chief economist at raymond james. thank you for joining us.

before we dig in a little bit, what is your take away from this report. the standards could be worse? >> for the market at least there is a downside surprise, so not only were the numbers better than expected, good upward revision of the two previous months. that is good news for the stock market. ashley: a significant drop in in the number of hours economies es work. what does that tell you? speaker have to be a bit careful looking at the hours. it seems to be a forward indicator, a sign firms are likely to draw in new people in the months ahead. a bit disturbing, but they may be revised. employment up, a good sign a leading indicator suggesting firms will hire temporary workers before they start hiring permanent once again. but you go through the details,

pretty much a mixed bag. manufacturing numbers as a whole were pretty soft, that is consistent with the weakness we are seeing in new orders and production. a bit of a mixed bag. certainly still on the recovery path, but growth is going to be a bit uneven over time and across sectors. ashley: your anticipated some stronger growth, the headwinds have faded, so what is the big drag right now? >> in the last couple of years the housing sector has been a major drag on the economy and in addition kind of underreported, we have had a significant contraction at the state and local government levels. because of the recession state and local tax revenues dried up pretty substantially and as such because many of them had balanced budget requirements they were forced to cut spending, laying people off including teachers, please men. if you look at the graph, those

job losses have bottomed out. that's necessarily the case of going out and hiring again, but if they are borrowing people, that is good amounts. this one had one that has faded, the sector's turnaround, adding jobs in construction overtime. ashley: you think the qe program is filtering down into the real economy? you mentioned housing, that could be one example, but are we getting bang for our buck? >> survey has been effective keeping long-term interest rates lower. it hasn't been completely effective, the fed has told us numerous times it cannot solve all the economist problems. as we saw in the fed policy statement released on wednesday, the fed looks at this as fiscal

policy is restraining growth. you would normally think of the headwinds fading, maybe three and a half to 4% this year. the increase in the payroll tax, sequester cuts may bring that back down to the 2.5% range. overall more or less the same in terms of overall economic grow growth, we would like to be growing faster at this point. we have to worry about the budget balance over the long-term. a definite long-term problem. seeing that in april as well. ashley: thank you very much, we appreciate it. >> my pleasure. tracy: over an hour to go in this historic trading day. an update on the new york stock exchange next. ashley: plus the price tag is in on the ron johnson era. anything but a bargain. gerri willis will tally those numbers next. look at the 10 and 30-year

treasuries. the yield up, meanwhile on the 30-year treasury, same story, up 14 basis points. we will be right back. 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.

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the company released a statement on the issue but would not specify how long outages lasted or which markets were affected. a blackberry spokesperson said they will continue to monitor and investigate the issue. and the car extending services to other parts of the country. the car sharing service charges never should feed along with the cost of the rental. and for all you comic book fans out there, mark your calendar for tomorrow, 12 annual free comic book day. some 2000 stores worldwide will give away comic books featuring everyone from superman to the take to the cast of sesame street. the latest on the fox business network giving you the power to prosper.

tracy: ron johnson known for the

sales drop at jcpenny's, but the hundreds of millions of dollars in retail spent luring him and the other execs that plummeted the stock back to join the team gerri willis with more. this sounds are the biggest comedy of errors. now the most expensive. tracy: it would be funny but they also laid off 40,000 people so that takes the wind out of the sails of the joke. ron johnson didn't do this job alone, he had three executives from the retail industry help him and look at what these people were paid. michael francis, president paid $12 million in cash, $32 million in stock, and $4 million in walking away money. michael kramer, ceo of, $4 million cash, $20 million in stock. dan walker, $8 million in cash, $12 million in stock. these guys were from the most expensive retailing outlet in the country.

target, apple, the most impressive background. ashley: how can they get it wrong? >> it is shocking. jcpenney leaving everyday low pricing. they are back to discounting. we have some of the coupons out there tonight for our show, but you may want to see the video of their salary commercial right here, take a look at this. you know it is bad we have to say sorry in a commercial. but they will go back and today reporting prices are up something like 65% in the wake of this. they are turning their strategy on its head, prices are through the roof, but customers will be more happy because they are getting the coupons. ashley: a psychological thing, isn't it? >> at the end of the day you have to do what your customers tell you. speakers will be the greatest

study for graduate students ever if it all comes down to the coupons. if that is the case, what inexpensive screwup. speaker did not help ron johnson was sort of at odds with his style with a company based in texas, he comes from apple, fancy pants from san francisco throws a very expensive party. tracy: what do you have up tonight? >> will be talking about this. and let's throw a party, the dow up again, exceeding 15,000 today and great housing market numbers this week so think about it, the things consumers rely on the most. 401(k), it is all good news. so i think we should celebrate. ashley: we should. are you bringing drinks? >> that was your job. tracy: we will be there. 6:00 and 9:00 eastern on the fox business network. ashley: thank you.

it is a quarter until. time for stocks as we do every 15 minutes, the new york stock exchange, nicole standing by. nicole: you mentioned about drinks for cinco de mayo at the closing bell they will be serving some drinks on wall street. the mood is pretty good. as far as what we are seeing, 1600 on the s&p 500, the traders watch very closely and dell 15,000 whichever one you like to watch, either way you broke through some very key levels today. on the dow jones industrials we broke through the 15,000 mark at 10:23.29 this morning. since that time we've gone through the unchanged line 24, maybe 24 times. that is obviously what we were looking at. crossing back and forth. you see that.

15,000 line 24 times. and so that is what we're watching going going into the closing bell. the traders watch the s&p 500. that would be really key. a nice celebration. back to you. ashley: thank you so much. tracy: wild wet weather taking its toll on the corn crop as some farmers are being delayed from planting their normal seed. live with more with jeff flock. jeff: and a lot of people excited about equities, but you have to really start to think about corn as well. this time last year you had 100% of your corn in the ground, right? >> as i recall, we were done by now. jeff: now about 3% has been planted. >> we would like to be about 10% done.

we have 90% that we're worried about. jeff: take a look at what this has done with prices. that is me, based on last year's harvest, that is the high mark. around $7. if you look at the succeeding months, july is running $6.63 per bushel. december still about five and a half dollars. that is where you could see real appreciation getting into this market. >> if the weather continues for another couple, three weeks, we will see some results in the marketplace. jeff: take a look at this mud. if you can on the camera, take a look at our shoes. this is what the field looks like, you cannot get a planter through this, you would get stuck. and so this is what they are facing if they don't get the crop in the ground, you don't get a crop. it is a real potential problem.

that is why we are seeing some appreciation in the market. i no equities are day-to-day, but don't forget the cme. ashley: it looks like prices are going up, and that is one muddy field. thank you so much. tracy: just in time for the weekend, wine prices are rising. there may be no relief in sight. ahead. ashley: take a look at some of today's winners and losers on the nasdaq. we will be right back. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪

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tracy: this summer movie season kicks off tonight with "iron man 3". hollywood bracing for a blockbuster g glut. >> scary summer, some a big budget films opening there may not be enough moviegoers to go around. the "wall street journal" counts 32 big budget films coming up. most have 15. usually a couple big petals open the same weekend once or twice in the summer. this time around to blockbusters will face-off on seven different weekends. it could break weekend record. second only to "the avengers."

hangover three against fast and furious six. disney's "monsters"sequel taking over in june. despicable me two against the lone ranger on the july 4 weekend. and starring johnny depp. why are the police complaining about that one? a week later "the grownups" opening against "the pacific rim." it features a 24. movie stocks have been having a great year. passing another one, time warner popping up today. keep in mind time warner has to split the take with a partner while disney goes alone and has all the upside. the box office down 12% this year. the big question is will this binge of blockbuster draw the

throngs back to the theaters? and if they're good enough, you can bet on it, tracy. tracy: those are great movies. i am a "despicable me" fan. and then there is "hangover 3". ashley: this is no laughing matter. dinner is getting a lot more expensive if you like a little vino with your dinner. you can blame a supply shortage for those hikes in prices that doesn't help they are demanding more of this stuff. mostly in the family dining center for an average meal cost less than $40 but the price of wind is up more than 8%. now you taste a conspiracy theory. tracy: i do. they planted less grapes because they did not want to have too much because they did not know when it would end.

and they are secretly jacking and they don't need to be. i don't buy the shortage. ashley: all the rules and regulations. tracy: that is a great point, the interstate shipping stuff as we had discussed how it could not get from washington to massachusetts. tracy: thaashley: that is exact. our special edition of "countdown to the closing bell" in just a moment. liz claman is in omaha, nebraska, for the shareholder meeting. joined by the warre warren bufft children. i know what they learn about living with their legend father all straight ahead.

>> spending the weekend with warren buffett. we speak the buffett children and see what their famous dad taught them. and heintz a step closer to

becoming the berkshire hathaway brand. we'll talk about the monster deal and if shareholders got a raw deal. and the market celebrates. did you make money today? and can you still hitch a ride to this rally? a special edition of "countdown to the closing bell" live from the works are hathaway shareholder meeting in omaha, nebraska, with liz claman. liz: they call it woodstock capitalist and it is a shareholder meeting that beats all shareholder meetings. good afternoon, everybody, i am liz claman and this is "countdown to the closing bell" on a significant market day as you watched the market breaking through. what a date has been, but here we are i in the lobby of the hilton omaha. we've had many