show just how big the burden could be. we debate. connell: the cyber threat, the labor department opens the door to a much bigger problem with microsoft internet explorer. dagen: lower gasoline prices. why economists say this is an important ingredient to keeping the economy on track. connell: all that in wrapping up the weekend with warren buffett with the top issues facing our economy. those stories and much more on "markets now." >> what do you think of the good old single-family growing as an investment these days? >> i said a year ago though i tt was a very good investment for people who knew they were going to live in that house for considerable piece of time. take a long-term mortgage. dagen: top of the morning. top of the hour.

lauren simonetti's at the new york stock exchange looking at what? lauren: the market outperform her, isn't he marginally higher. best performing sectors right now are tech and financials. the weakest sectors are staples and utilities. dagen: new study from the heritage foundation out moments ago showed illegal immigrants would call for $6.3 trillion to this country. former senator fromzhv south carolina and president of the heritage foundation. good to see you, how did you come up with this number? >> it is exhaustive study led by robert, who is wel well-known ie research field, the one who came

up with a lot of the numbers that supported welfare reform back in the 90s. he did this type of study in 2007 when there was an amnesty being considered then. the methodology used by other prominent research houses, so once you read it, it is hard to argue with the conclusions. we know immigration help old america, and we feel like we are speaking out for everybody into the country lawfully and for the citizens, this will cost them a lot of money and opportunity, $6.3 trillion is the big prize tag. dagen: if you don't give them some path to at least being here legally for citizenship, what is the alternative?

do you deport them all? >> nobody is talking deportation. but set amnesty aside, reform the immigration system in a step-by-step approach that makes sense. we have to look at immigration as a way that will help raise the income and increasing opportunity for american citizens. it should not be done in a way unlawful and certainly unregulated. neither program for people to understand it, we don't have to do amnesty in order to get the benefits of reform. dagen: are you talking specifically about what is in the gang of eight immigration proposal? in that proposal is says newly legal workers will not be eligible for obamacare or most other welfare programs are benefits for decades or longer, so does this study take that into account? >> oh, yes, it does. we are looking at a 50 year window.

living to about 84 is what the estimates are. looking at a 50 year window, the cost in 50 years whe from the unlawful immigrants are getting social security and medicare. the delay is designed to push it outside of the immigration of budget office estimates. an old trick congress uses to make the costs look less than it really is. dagen: do use it to offset the fact illegal immigrants in this country living here and reciting here already get medical care through emergency rooms, they can receive it fair, their children receive public education, so that would be offset to this price tag, would it not? >> billerica said the offsets they are getting. the net cost, they take more out of the system then they put in, and that only gets worse as you move out over the 50 years, but

the deficit as far as the taxes they pay versus the benefits they get is $6.3 trillion over 50 years. that is well over a third of our current national debt. it is a big figure, congress is notorious for not looking at the cost and that is what we are asking them to do. dagen: former congressional budget office director just did a study recently and he looked at if you gave more visas to productive workers, pace of economic growth would grow by one percentage point, the gdp per capita would increase by $1500. do you disagree with that? >> the lawful immigration system will be good for our country. but you don't have to give an amnesty to those who came here

unlawfully to get those benefits. that is th a choice the congress trying to make an all-american steak. they can fix our system, we should fix it before we look at those who are already here. dagen: i'm not clear for those who you want to do with those immigrants who are here now. speaker that is something we should consider after we have a workable immigration system. everybody seems to want to go to those who came here unlawfully. we're thinking that those who came here lawfully, how do we maintain their standard of living, how would we be fair to the 4 million people who are waiting all around the world to come here lawfully? that is what we should be looking right now. dagen: thank you so much. given this week the topic certainly will be a hot one. take care. >> thank you. connell: the labor department

gets hacked. the website reportedly exploited a flaw microsoft internet explorer eight. hackers used a vulnerability to target nuclear weapons researchers with the energy department. this type of thing is called a water hole and attack. they've tried to remedy that with d.c. the senior editor. a lot to talk about, very important, but i want to start sort of at the beginning with this water holing. you can basically use a third-party, the labor department in this case, your goal is to steal nuclear secrets. that would really mean nobody is safe. is that what is happening here? >> that is correct. traditionally with these looking

to steal confidential or intellectual apathy, what they are doing is they're setting up fraudulent websites or what is called a spear phishing e-mails to users because the user is the target and they're getting them to click on links or open attachments or such that drop malicious code. we have seen it more and more recently, that actually compromising legitimate websites targeting users are after are more likely to visit. that is what we saw in this case. connell: they're in trouble because they go to the website. who is doing this? the chinese? >> attribution is always extremely, extremely difficult. there are very interesting similarities looking at the malicious coding and paring back to previous attacks we have

seen. other security organizations that deal with the threat intelligence space have drawn conclusions to a known chinese threat group. we weren't able to independently confirm that, but there are a lot of interesting similarities we have seen one can use to draw that conclusion. connell: let me ask you for little bit of comparison, for people who generally know about this kind of stuff, this really is scary, should people be afraid to use the internet in general? or is there some level that we are top of this and doing something to get it under control? >> a lot of the traditional advice you see from security experts apply in this case. obviously keep your system

patched, up-to-date with the latest versions of the most targeted browser including anything from adobe or possibly switch to a more secure browser. connell: is a reason to change browsers and go to the way of firefox or google chrome? they find something that says internet explorer is not something people should use? >> the newer versions, nine and 10 have additional features in them that make them a better choice, internet explorer eight for consumer home user, but obviously something like google chrome has built in sandbox event in malicious code from executing outside the sandbox.

little bit more difficult, i would say, to exploit that then an older version of internet explorer targeted. connell: finish the thought. >> our organization, what we have done is develop a product that basically protects the user from this sort of malicious code by isolated applications and effective impediment. connell: eddie mitchell, thank you very much, appreciate it. >> thank you. dagen: attorney general announcing legal action against two big banks. still talking about the meltdown of '08. connell: and liz moran's interview with bill gates. all right.

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dagen: breaking news, if you've bought the housing collapse was over, not so fast. connell: a major lawsuit for the bank of america and wells fargo to get them over the collapse. what is at stake? liz: good to be with you. what is at stake is $26 billion mortgage settlement struck between the five eubanks and the state attorney general against bank of america and wells fargo for violating the rules of the deal. bank of america violations include this. basically the rules dictate the timeline in the timeframe for when people who face foreclosure or are in foreclosure get loan modification. so they basically have loon

modification through the system, there has been a big fight on wall st. between the banks and investors who own the bonds told on loans essentially saying why should investors have to pay the price for these principal write-down? getting more loan modifications done. to whether or not we see any penalties coming out of this new lawsuit that will be announced at 1:30 today remains to be seen. new york attorney general is only asking for relief to get bank of america and wells fargo to quickly process loan modifications under the $26 billion deal struck last two between the five big banks and the state attorney general. we will be covering this story throughout the day. dagen: thank you. connell: let's go to lauren in four to call today at the new york stock exchange with stocks now. how about tyson foods? lauren: the biggest meat

producer in the united states, a double miss in the latest earnings report employer earnings. one of the reason is consumers and restaurants are buying chicken, cheaper than beef. we're also looking at yum brands. authorities are investigating meat from the wholesaler that was not labeled, that meet technically lamb may have gone out to a yum brands company in asia. connell: thank you for that, i guess. at the new york stock exchange grossing us out. dagen: warren buffett wrapping up a big weekend with our very own liz claman. you will hear his take on housing. bill gates talk about his favorite handheld device and talking to berkshire hathaway noticed her number. connell: and much more to come on "markets now." everybody has different investment objectives,

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>> 21 minutes past the hour, this is your fox news minutes. in boston, prosecutors now say the third friend of the suspected bomber arrested last week can be freed in a trial on charges of lying to investigators.

the judge will have to prove conviction including a 24 hour electronic wristlet. the united nations is saying it has no proof nuclear weapons. they have not reached conclusive findings of these weapons in syria for any parties to the conflict. both history and government and others are accusing using the chemical arms. in california, fire investigators say the costly wildfire burning since wednesday appears to be accidental and not considered suspicious. helping firefighters battled the blaze burning 44 square miles in ventura county northwest of los angeles. expect to fully contain the fire by tomorrow. and those are your headlines. i am lauren green, now back to begging and connell. dagen: thank you, lauren. connell: you start right here on fox business. dagen: talking to some of the biggest names of the board including warren buffett and a new edition, which we caught up

with liz in omaha. liz: it was a broad wide-ranging discussion where we got into real details, discussion about everything from hacking and computers to bit coin, which said bit coin is rat poison. one of the many discussions we talked about, but warren buffett spoke very detailed about many different things, everything from a mortgage deduction and whether it would go away and which were due to the housing businesses, and something different. we included a bunch of national top business schools in the conversation all via satellite and got to ask warren buffett, charlie munger, bill gates and the newest ward member some questions. let's listen to the responses they gave. >> i'm from colombia business school, my question is how is your investment strategy and the performance of your businesses

affected by prolonged, pro-interest-rate environment and how are you positioned now for interest rates to increase or remain low? liz: you know eventually they will tighten. >> i don't know when that will happen. certainly low interest rates have helped our business, they helped the economy, they hurt savers relying on fixed incomes to help investment. overall the policy has been found, there is no question berkshire hathaway is better off today. the american people are better off today because of the absence of ben bernanke. liz: what you think of the good old single-family dwelling as an investment these days? >> i said a year ago i thought it was a very good investment for people who knew they were going to live in that house for a considerable period of time. buy a house they like and take on a long-term mortgage.

dagenliz: what do you see yoursf using the most these days? >> i have my surface pro because it gives you the benefit of a tablet and a pc. it has the keyboard, thin, portable, does everything you would like for my tablet in terms of the battery life. i am biased, but that is the showcase machine for windows 8. liz: a year ago you were using the samsung galaxy. >> i have been a big users of laptops because i am a huge e-mail user. i tend to be on the keyboard a lot. this is the surface pro, for sure. liz: why the city should not be tapped more? >> i think it is at this advantage to have the tax rate less.

i don't think we'r we are in tol control of our own tax rates. i think it would be crazy to have a tax rate in the united states 50%, 20% generally throughout the rest of the world. liz: charlie also said while he thinks the corporation should play lower taxes, he didn't think they should pay much lower taxes but fascinating to watch these guys discuss and argue right in front of the cameras. you don't get that anywhere else. something else you didn't get anywhere else, fox business exclusive with the brand newest board member, the first board member brought in since 2009 brings to the board members 13, three women. i asked her some of the questions of the most important thing she has to grapple with sitting on the berkshire hathaway board. liz: warren has said the number one focus has got to be succession.

have you already thought about the time when warren cannot run the company anymore? >> i have thought about it. we have a long ways to go, i hope. i have been in headquarters, met a lot of management, and i think berkshire has a very deep bench. liz: have you met all of them yet? >> not yet. >> i'm not sure i have yet. liz: there are 80 members. but i did ask him, you guys, which business sold the most over the weekend, which is a record crowd, he believes this time around he said nebraska furniture mart does $40 million in business just over the shareholder weekend. for any furniture company out there, that is a stunning number. back to you in new york.

dagen: we love having you out there, but we cannot wait to get you back. connell: lower gasoline prices economists say this is an important ingredient to keeping our economy on the right track. dagen: president obama's nomination as commerce secretary running into some problems over her families offshore tax trust. we are live in washington coming up. 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?

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connell: before da dagen talks, let's go to lauren simonetti live from the new york stock exchange. lauren: on some days you like

me. talking cliffs natural resources. the best performer up about 2.5% now, got an upgraded to outperform, they are citing cliffs natural resources ability to withstand the high supply in the u.s. and very weak iron ore prices. this is a much-needed pop for the stock. year-to-date down, i was in the broader market up about 10%. dagen: thank you. gasoline prices have been helping fuel the sluggish economic recovery, but now they are picking up little bit. the current average $3.52 per gallon, if you're in illinois in the chicago area the highest prices in the lower 48 right now. national average up $0.02 from a week ago. senior economist at wells fargo joined now from charlotte, north carolina. how worried are you about gas

headed in the wrong direction in what they could do to the economy at this point? >> we are not that worried about gas. we have some normal seasonal pressures kicking in, i would not be surprised to see prices go up, but the drop in prices ahead from earlier this year provided a big lift to the economy and consumer spending was really struggling the first few months of the year. hoping provided little bit of a boost. now that is gone, i think is the spending will have a real tough road ahead. dagen: how have we gotten used to dealing with an average of $3.52 per gallon, which is down fairly dramatically from a year ago. how is it, it was unthinkable 10 years ago this is what they would be dealing with year in and year out.

>> it is not so much the change in prices from here on out. it is about where we were back in the late 1970s. we are kind of on even ground for where we were back then. we don't have any income growth. look at the employment number, a lot of the jobs, 35% of the jobs came in at low-paying industries. the hospitality industry, mainly restaurants, looks like employers are reducing the hours for workers. when you have gas price is $3.50 per gallon, and if it goes up a little it really is something else. dagen: why aren't businesses willing to spend hiring people and paying people more? why aren't they more optimistic about the stock market being at

record highs? >> this is where it gets really interesting. they are out of purchasing $85 million each month trying to drive interest rates lower. we do know there's a lot of uncertainty of fiscal policy. i think that is the money. the big problem in my view is so much uncertainty, businesses don't know how the health care laws will affect them. we don't know how it will affect the learning environment so they are pulling back, not investing as much equipment, as many workers. i don't think it is going to change much. dagen: wrote the editorial in the "wall street journal," $261 billion in policy uncertainty.

$800 per person since 2011. that hurts. >> i think that is conservative, maybe twice as much. dagen: thank you for that. connell: president obama's nomination for the next commerce secretary: when republicans raise questions about the family offshore. dagen: rich edson has the details. rich: republicans are calling hypocrisy on the administration's pick to lead the commerce department. the president has nominated the businesswoman and obama fundraiser as commerce secretary. the senate will have to confirm that combination before she takes over with commerce. reports citing family investments and accounts, attempted to limit income exposed to federal taxes.

in a statement senator chuck grassley says this is the second nominee in a row that is associated with the kind of tax avoidance activity the president dismisses as fatcat for others. the white house has failed specifically to address the accounts. your time times records told the paper in 2008 the offshore trusts were established when she was a child and managed beyond her control. the white house says what most accomplishment highly respected women in business today with more than 25 years of experience in real estate hospitality senior living financial services and other industries. penny notes the case to invest and grow a business and will be a strong advocate for policies to help grow the economy and create jobs. if it is successful there, it is then up to the full senate. back to you.

dagen: rich edson in washington. connell: youtube tribute charging all of us for premium channels. dagen: one automaker is rolling out a new cowboy theme luxury trucks. we will tell you about it. and take a look at how treasuries are doing today. 1.76% on the 10-year period i want to make things more secure. [ whirring ] [ dog barks ] i want to treat mo dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at have the security you need to get you there. call us. we can show you how at&t solutions

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the economy comes to life. norfolk southern. one line, infinite possibilities. dagen: chevrolet is rolling out its first luxury pickup truck since the 1950s. document 2014 silverado high country. and yes, it is cowboy theme. joining us now. i stole that from you, didn't realize chevrolet hadn't had a luxury but the truck since the '50s. >> for years gmc is the upscale general motors platform. gmc in general is the luxury truck brand. now they're seeing a ton limited limited, platinum edition models, they have the new

edition, so you have to get in the game. they have to get in there with a luxury truck. dagen: the king ranch north of 40 grand. >> you can be well into the 50s. they have other versions as well. longhorn will be $70,000. dagen: it is surprising at the percentage of all pickup trucks sold at how many of them are these higher priced pickups. do you think that trend will continue to grow, pick up sales going through the roof in the past month. >> 30% have a transaction price above $40,000 today. that will definitely go up. ford has the super off-road truck coming to spend more than 50 or more on those. sales increasing.

dagen: that is the most profitable vehicle to me, is that right? >> when you start adding things like that. dagen: with it had become drunk? so dependence on these vehicles, and those buyers go away. >> it seems they've never learned the past, but this time around sales up 26%, we are really happy about that as you can imagine. little bit better production these days, hopefully that won't happen. they will be focusing a profit on lower volume high priced models so hopefully that will help. dagen: you haven't seen this one yet, have you?

but you have certainly seen ford. >> the new ram is fantastic. but putting a big elf buckle on them and the interior has a ton of leather. dagen: our family has never owned a pickup truck. kind of the super cab. we've had a regular old pickup truck. speak of the sicily who doesn't want to drive the work truck. dagen: i was just catching him off guard. good to see you. connell: it was great. dagen: talking about automobiles. do you even know how to drive? connell: i was just hoping i could go along to the next thing. we have stocks now, from the new york stock exchange, we welcome our partner in.

we're always talking about these new highs. for you, this kind of been the rotation, the different sectors that have been benefiting from this, right? >> you are absolutely right. we have seen moving into things like big cap technology, energy, sectors that have been the lighter. the year-to-date gainers have found outflows. today's weakest sector. this is the first time we have seen the meaningful move. connell: not much of a movement. thanks. at the stock exchange. google set to announce a subscription service for the specialist video this week.

as an additional revenue stream of course. as many as 50 youtube channels costing viewers $1.99 per month along providers to offer professional content, things like videos and tv shows and% better quality. it will be moving youtube up in the ranks with netflix and amazon and others that people use. dagen: i know you have a youtube app on the tv. surprisingly florida is not in the top 10. connell: he did not really run that far off the whole thing, did he? all that coming up, and the winners meantime.

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dagen: to tear into place like florida or arizona may seem obvious if you're looking for warm weather, but their own list of the best states to retire to enand the results will surprise you. dagen: nothing obvious about this. research and statistics analyst with us to say tennessee is the best place for retirement? why? >> west virginia, kentucky, they

all hit a sweet spot with relatively warm temperatures, high cost of living, relatively low taxes and talk a little bit about how we did our rankings because it is so much different. everybody has their own list of where they want to be when they retire. some need to be near the beach, some need to be near their family like my aunt and uncle were part of that migration from the midwest to the southwest primarily for the weather. what we did is hard to counter all the personal taste to take a course of questions everybody should be asking themselves when they decide to retire. what states have the best state and local taxes. crime was an issue. tennessee was the one real knock. high crime rates, but everything else extremely well. lower taxes, lower cost of living.

think how important it is for folks on a fixed income. dagen: that whole research triangle of some of the best health care you will get in the country. i think of nashville, an incredible health care available for people. >> that whole area hit a lot of good spots. dagen: how did they hit the top spot? connell: maybe they want to drill for some shale oil. >> maybe not for folks who live there, but i wasn't expecting them to hit our top 10. see what shows up. if you can get past the weather, there's a lot to like. you will find extremely low taxes, low cost of living relatively.

talk about access to medical care. hospitals per capita. you will find really good rankings for north and south dakota. connell: and you can drive really fast. the roads can be dangerous. let me ask a serious question to wrap it up because it is interesting they got high rankings. the people actually retiring in them. >> this ranking was based on the questions people should be asking, knowing you can expect sun belt, arizona, the laces you see them going and i think the lesson from all this is to realize lots of folks may not be making the pure financial and medical statistical speculation where they are going. they have a dream of where they want to be. we are not saying don't go to those places. if you do go to those places, prepare financially. they will be a little bit more

expensive. dagen: the one thing about those states, the southern states, people are awfully nice. nicer than anywhere else in the country, i would say. connell: we are very nice here in new york, aren't they? thank you for coming in. and warren buffett, seen the faces of ben bernanke and the fed as a matter of fact. dennis and cheryl coming up on "markets now" was a washington insider on the fed printing even more money going forward. dagen: taxing the online purchases. seeking to prove that this evening, but we will tell you why this is not a done deal yet. everybody has different investment objectives,

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the five it is high noon. i am dennis neill. cheryl: we will compare the lessons from mr. buffett and compare that to today's market performance. dennis: omaha singing the praises of bernanke. cheryl: taxing online purchases. the senate expected to approve the bill this evening. why it is not a done deal just yet. dennis: lauren simonetti is on the floor of the knee-jerk stock exchange. >> it just turned negative again. the nasdaq is that outperform her once again. what is weighing on the dow is ibm. thirteen negative down points right now. you have tack leading the way.

back to you. cheryl: lauren, we will of course see you in 15 minutes. what a week last week was. our next guest expects the index to stay on this positive course. jo, you are still bullish. you have been for a while. will you up your targets for the s&p? [ laughter ] >> this is a tough spot to be in. we are up 13%. we will have a slight pullback. i see the s&p 500 going up another five-eight point, percentage points, from where we are right now. i continue to be bullish on the

u.s. equity markets. cheryl: one of the things that many retail investors have expressed concerns about. is this your different, do you think? >> we will have a pullback. cheryl: we had a severe pullback. >> i do not think we will get a severe pullback, but you may see a five-6% pullback. it was different timing as well. we believe it is better to hang in there. we think it will rebound and you will be amply rewarded for your patience by the end of the year. cheryl: i know that you watch currencies. what we are seeing today is a little bit of a stronger dollar.

overall, do you think the story will be overseas and emerging market or here in the united states? i know some of the plays that you are mentioning to your clients are not focused at all. >> weeping there is a real opportunity there. they are growing at a much more rapid rate in the u.s. we think there are some real opportunities in those emerging markets as they continue to clean up their balance sheets around the globe. cheryl: one of their pics is a bond index. you are kind of following currency fluctuations. you do it in an index. that is much easier to take. you also like a small-cap foreign company. you are going for growth in emerging markets, but on a

small-cap scale. why do you like this one? it can be a little risky for some. >> it will be volatile. you have to have a stomach for it. even though we are bullish on it and recommending it to clients, it is small, single digit percentages. it has an attractive yield for small cap indexes. we think small-cap companies in a diversified basket will reap the rewards of those of merging market countries at a high growth rate. cheryl: right. the return have certainly been there. to be fair, you do like one u.s. bank. it is tied to the housing recovery. you say that this is tied to the consumer which is tied to a

better housing situation in the united states. you think the consumer will push us higher. >> yes, we do. we think the housing market is still in the very beginning stages of its recovery. we see tremendous opportunity there. it shows the strength of consumer buying power, in our opinion. cheryl: it is always great to have you on. joe, thank you. >> thank you, cheryl. dennis: warren buffett applauding the fed. a one on one interview with our very own liz claman. >> there is no question that berkshire hathaway is better off today and the american people are better off today because of the absence of bernanke and keeping interest rates so low. it will not go on forever.

dennis: joining us now with his take is brian gardner. first of all, do you agree with warren buffett? >> i think in an era of constricted fiscal policy where states and the federal government have been pulling back on fiscal policy, i think it is up to the fed to get the economy going. yes, i think they have been doing good. dennis: let's talk about the language change in the statement. in march they said they would continue their purchases. and they they said prepared to increase. i could not help but think the fed was paving the way to increase even more. >> the previous statement said they could change the pace of asset purchases.

this statement said they could increase or did decrease. this battle among central banks which is similar to the united states are looking at contractionary fiscal policy and have to keep their economies going with monetary policy. it leads, ultimately, to a currency war. i do not think they are looking to amp up, but as the fed said, it could change the purchases going forward. dennis: it sounds to me that they would either increase or decrease it. does it make it less pressure for the fed to have to keep doing it or does it add to the pressure? >> they certainly have to keep pace. if the fed were to start to ease

back on accommodation and you get a stronger dollar, i think at that point, we risk a cut off of cheap imports coming to the united states and exports going out of the united states. a stronger dollar leads to fewer exports abroad. i think the fed is in a very difficult spot. dennis: let's talk about the fed talk squawk factor. will they be out in full force this week? >> they were out this morning. we are going to hear more talk this week. keep in mind, investors should keep in mind, these guys do not vote in the apple -- they are not voting.

you really have to discount anything you hear from the hawks. dennis: right after warren buffett was praising the fed, charlie came out and said they had the spiked punch bowl. why are so many people so sour about what the fed has been doing? >> it is interesting. buffett acknowledged he has been wrong on inflation. a lot of us have been wrong on inflation. there is still a risk that it may happen in the future just because it has not happened yet. i think buffett really kind of said charlie straight there. they have been overdone in the past couple of years. dennis: the favorite bogeyman

that never seems to show up. at least not yet. thank you very much. cheryl: the senate expected to approve a bill that would and tax free shopping. broke and mortar stores will be her. amazon will be impacted. there is the stock. a volatile stock over the last year. another stock that will be instantly impacted by all of this, many of these online companies have been fighting this. this is a sector that will benefit from this. it is the brick and mortar retail companies. as you can see, here is the gap. gap one of the story. the stock has been making moves over the last year. as you can see, this was the december shopping season.

you compare that went to a walmart. walmart will again have a big story and a big fight on its hands when it comes to this online sales tax. walmart has done an effective job and good job out urging all mine and bridging brick and mortar. this vote will be tonight. there will be some arguments, obviously, on the house side. back to you, dennis. dennis: we have breaking news. the u.s. treasury says it will begin another round of general motors. it will fully exit the gm investment within 12-15 months. apparently, it has decided the conditions are looking pretty good. cheryl: president obama running into problems.

we will have a live report from washington on this. dennis: the democrats actually complained about romney. the reality tv. will it take to black? the future of the ratings drama. let's take a look at oil. double local [ male announcer] surprise -- you're having triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- ur car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. it's just common sense. are you still sleeping?

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cheryl: bank of america, the second leader on the board. the new york attorney general will be filing suit. also, boeing. the stock is up $0.77. all right. coming up on quarter after the

hour. stocks now with lauren simonetti. >> humana is up more than 20%. essentially, bullish. humana has the medicare advantage plan. they will see some pressure, especially in the near-term. the numbers will continue to grow. this stock getting a nice boost. that to you. dennis: thank you, lauren. penny will face some tough questions from republicans about her families off short tax trust. rich edson joins us now from washington, d.c. with more. rich: republicans are doing the

same with the president lead to the commerce department. the type that can limit income exposed to federal taxes. she claim to the "new york times" in 2008 that her family established the council and she was a child and she has no oversight of them. chuck grassley says every nominee's offshore tax avoidance activities should be examined as part of the nomination process. the white house has failed to specifically address her overseas accounts. penny has spent her adult life in public and civic affairs which is why business and community leaders and elected officials support her

nomination. her nomination the senate. if it is successful in that committee, it is up to the full senate. back to you. dennis: thank you. you should do every legal thing you can to reduce your tax bill. just ridiculous. cheryl: tensions are heating up between israel and syria. that is pushing oil prices higher. dennis: youtube may soon be known as you pay. first, how the world's currencies are faring. the dollar is stronger. ♪

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♪ >> 21 minutes past the hour. the fbi saying a terror attack was disrupted after they raided a mobile home in minnesota. the man is in federal custody. he was arrested on one felony count of possession of a firearm. no details yet on any alleged

terror plot. in boston, prosecutors now say the third friend of dzhokhar tsarnaev can be freestanding trial. investigators will have to improve conditions which include a 24 hour monitor bracelet. no clear proof that chemical weapons were used in syria. they have not reached conclusive findings as to the use of chemical weapons by any party. those are your headlines. back to dennis. dennis: thank you, lauren. concerns over reported israeli strikes into syria. phil flynn is in the trading pits of this cme. >> it has been an incredible ride, dennis.

there were concerns about the european economy. concerns about greece from the imf. staff brought crisis back down. now, we are rebounding once again. probably comments from mario's druggies. if you look at where the move is, -- driving up heating oil altogether. the big concern, of course, is retaliation. the possibility that this could spread throughout the region is putting that risk premium back in. dennis: thank you very much,

phil flynn. cheryl: lower gas prices here in the united states helping drive the economic recovery. the recovery may be in trouble. stephen short will join melissa and lori. dennis: stay in school. a new study shows which major will pay the most. cheryl: doubletree. expanding to australia. the business of travel is ahead. as we go to break, though, i want to take a look at the winners over on the s&p. bank of america moving higher. we will be right back. ♪ we know a place where tossing and turning have

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dennis: the new york attorney general said to announce legal action. the names you need to know ahead. doubletree down under. expanding to australia. a good reason to go to college. the majors that pay. we will run them down for you. lauren simonetti on the new york stock exchange. shares of really nicely on that big fat lawsuit payment from bank of america. >> stocks near all-time highs. they were halted around noon. now it has resumed trading. a huge overhang for this stock. regulators talking. cutting a deal between nba and

bank of america. agreeing to a $1.7 billion deal. bank of america will provide a credit line and take a stake in their holding company. bank of america stocks is up nearly 4% on the news as well. stocks, overall, green arrows across the board. back to you. cheryl: all right, lauren, thank you. we will see you in, of course, 15 minutes. last week fox business took you into many facets of the travel industry. as you can see, 1 billion international arrivals in 2012. international tourism reaching a billion arrivals. take a look at this, social media users. facebook, linkedin and twitter.

if you look at facebookto the travel industry, 1.1 billion users worldwide. take a look at twitter. overall, 500 million users worldwide. linkedin, not so much. it is about getting that travel consumer into your hotel, your airline. where do people go to on the internet to try to find out where they want to stay? take a look at this. a percentage of americans who turn to social media for vacation ideas, 44% of those polled say they use photos. 35% look at posts overall across the internet. what kind of hotel looks good to them.

based on all of this information, it makes perfect sense that one of the most recognized brand industries is a partnership with google. they are doing it today. doubletree hilton brand. you are expanding, but you are doing it through social media and this new google partnership. it is called the to or. >> we are. any photographs or videos or, as you mentioned, tax of trips they have taken or places they have been can be accessed by anyone. cheryl: it is a custom made youtube channel. this has never been done in the hotel industry before. this is a way to incorporate social media. >> yes. when you go to do to her you can

pull down content. if you are traveling, you could take a look at what there is to do. cheryl: social media has become so important. you are opening up 60 new properties around the world right now. you are finally in australia. >> that is right. australia is one of seven countries. the others include indonesia, ireland, portugal, poland, south africa. we are really developing a big footprint. cheryl: what we have seen is a lot of the strategy is you are not going in and building a new

hotel in portugal for example, but you are taking existing properties and doing a franchise agreement or a management type of agreement. are you managing more or are you franchising more? >> we convert existing hotels to doubletree's. there is always renovation that is required to get our hotels of two standard. as we did in australia, opening three hotels in one day. it is a wonderful opportunity for us to grow quickly. cheryl: doubletree is more of a high-end full-service type of resort. you are in cities, you are on beaches, you are in the middle of australia. how do you manage the localities so intensively?

it is a big responsibility. >> it is a challenge for the brand. we have done a wonderful job. we intend to create a local experience which is what people are looking for in travel now. we want to make sure there is a common thread that holds the diverse property ahead. cheryl: there is an online contest right now. several months of travel. i wish i could play. thank you very much. dennis: millions of college students graduating this weekend will be making big bucks. a new study revealing the class of 2013 will have an average starting salary just shy of $45,000 a year.

that is an increase of more than 5% from last year. why study poetry when you can be an engineer? cheryl: if there is anybody under the age of 18 right now, engineering and healthcare are the two biggest opportunities right now. you have this whole immigration debate. it is because they cannot find qualified candidates. they are still struggling. dennis: we need 200,000 engineers every year. cheryl: science, technology nursing. dennis: we ought to start tying it to the things we need. cheryl: speaking of the silicon valley, made in california. plans to label everything in the golden state.

dennis: the real world of reality tv. do you know more about it then veteran producer, let's take a look at treasuries. ♪ it's monday.

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a major lawsuit against bank of america and wells fargo. they violated the terms of last years $26 billion mortgage settlement. eric snyderman will disclose full details and an hour. the 3d printer maker will be replacing matrix. tennessee coming in at number one. the top ten list of states to retire in. cost of living, taxes, crime rate and whether as important reasons. that is the latest from the fox business network. giving you the power to prosper. ♪ i don't want to pour over pie charts all day. i want to travel, and i want the income to do it. ishares incomes etfs. low cost and diversified.

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about the future of reality television. from an american family to today's doug dynasty. thank you for being with us, jason. every time i think that the reality bubble has burst and there is nothing left to do, they come out with more shows. >> this bloom has a very long way to go. dennis: why is that? >> truth is stranger than fiction has never been truer. you cannot embed the folks from duct dynasty. dennis: what is the show that you have coming up? >> we have a couple of shows coming up. we have "mountain movers" which involves a snow company. they designed all the courses

for this year's x games. dennis: okay. what works better today than what worked a few years ago? >> i think what really works is people that are wide open. i think that is really what rings true on all of these hit shows. you are seeing something that you would not otherwise see. you are seeing a true representation of who these people are. dennis: "american idol" at $340,000. that show has been a ratings disaster this season. "the voice" is up there with 240,000 so on. would you say "the real

housewives of d.c.", that entire series. how many cities can you do? >> i think things get long in the tooth when they get long in the tooth. if the real housewives franchise were to move to another city, let's say boston or new orleans, people will tune in. dennis: when i called it a reality show, this person said, it is not a reality show. we kind of worried that reality is overdone. >> you know, there is a million names for this kind of television. you pick a name, whichever one you like. i think they are all the same.

dennis: remembered the quiz show "scandals" where they were giving contestant answers. will we ever have a reality show scandal? some of it is not reality at all. some of the characters are told exactly what to do. they are lying to us. you have that lawsuit on that auction show where they said they were planting gold coins inside storehouses. >> i certainly do not remember the scandals of the 50s and 60s on game shows. but, as it relates to today's television, i think that just like in any business, there are buuiness people who are scrupulous and business people who are unscrupulous. dennis: south beach oh and a guy is hitting another guy in the

face with a tennis racket. i would not let them use my id. thank you for being with us today. >> thank you very much, dennis. ♪ cheryl: it is time for your west coast minute. subscriber growth tripled over the past year. the stock of 23% over the last year. a bill has been introduced in california that would make the states create back and all the moniker made in california. the labels would go on everything from cars to computers. state lawmakers want to capitalize on the success. finally in seattle, officials are unveiling a climate action

plan that would make the city carbon neutral. it could be expensive, it calls for new funding for bus service, infrastructure and a build out of light rail systems. it will be a big number. anyway, that is your west coast minute. dennis: it is a quarter till. let's go to the new york stock exchange. i that we close above 15,000 this week. >> we may have a tough time replicating last week success. the dow has been up over 400%. we are starting to see signs of the divergences. the russell 2000, the dow jones transport and the s&p small-cap have moved to new all-time highs today.

my thinking is, potentially, this could last. the prices have been resilient. things are very overbought. we need to show signs of consolidating some of these games. right now, the trend is bullish. dennis: you get a feeling that the fear of something going wrong is being pushed out by the fear of missing out on something big. the last time stocks were at 14,000 change, the economy was about to go way down. our economy is stronger now. what is to fear? >> there is a lot to fear. a lot of the reasons that coincided with the markets are certainly not present.

there are more signs of stabilization with the euro moving higher. these are reasons, at least in the last couple years. we will have to look at this going forward. earnings have been a disappointment on the top line. technically, there are many reasons to have concerns. the prices are resilient. you have to be at least selective at this point. equities are showing signs of moving up. dennis: yes. dow 15k this week. watch it. cheryl: hedge fund billionaires do it. they invest in art. take a look at this painting. it is french. you will not believe what this may go for. that is coming up. dennis: they will sell it to the guy on margin. let's take a look at some nasdaq

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♪ cheryl: when it comes to price the rare works of art, it is a sellers market. we should say, that is where the money is. the french impressionist. >> it is. many sectors that we are

promoting over the next few weeks. cheryl: there is an auction on wednesday night. you brought one of the paintings that will probably be one of the highest up for bid. >> that is right. it is guaranteed to sell for at least $16 million. cheryl: this is signed. how much will this go for? >> the presale is 16- 16-$22 million. we have seen a lot of interest. cheryl: i was looking at some of the statistics. you know, a lot of very wealthy hedge funders here in new york, they bite their art. that was the most expensive. >> that was the most expensive single work of art sold at

auction. cheryl: that was for $119 million. costa seems to still be the true winner here. >> prior to that it was the brody picasso. cheryl: that was an anonymous bidder as well. cheryl: i know that art could be risky. isn't it volatile to invest in art? you are taking such a chance. >> the rate of appreciation, if you are looking at collecting history of these objects, this was acquired in 1977 by the owner. what they purchased for then and what we are offering now is pretty tremendous. cheryl: in london, back in february, you had another record-setting auction as well.

is it the new york hedge funders? is it the wealthy heiresses here in new york city? >> it is truly global. it is everywhere. middle east, south america, asia, every part of the world. cheryl: china. i have heard that the chinese are really getting into fine art. the wine auctions as well. they are so fluid customer. do you see that as well? >> we see regular interest from china. we are really excited. we have opened an office in shanghai. cheryl: broke, i do want to thank you for bringing in the painting. a multimillion dollar boy that

we are looking at right now. thank you very much. dennis: that was cool stuff, cheryl. google is announced a subscription service. the subscription service for some 50 youtube channels will cost viewers $1.99 per channel. today, by the way, a story just broke that one youtube channel just got bought by dreamworks animation by $117 million. cheryl: the guest from you to. things are in the crosshairs. big our coming up. eric schneiderman said to reveal

action against major u.s. banks. dennis: why to remain bullish on stocks even as the dow and s&p hover at record levels. he is no fraidy cat. ♪ [ 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 ] ♪

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>> are we ever going to let the banks out of jail? keep coming back for more money and more penalty, we bailed out the banks but now we keep on exactly millions out of them. cheryl: the banks a big story of the "markets now" coming up. wells fargo in the crosshairs and two ladies take you through the news conference live, that would be lori and melissa. melissa: that is right. the latest move is for them to write down principle. we will discuss it. lori: it seems like deflated charges, not officially fined

yet. not abiding by previous settlements. to dennis' point, seems to be never ending. we will get you through this hour for sure. i am lori rothman. melissa: i am melissa francis. this hour new york attorney general expected to get tough on banks for the mortgage meltdown in the 2008 breaking the details just ahead. lori: the market cooling ever so slightly after high street have pushed the dow and s&p to new levels. but there is nothing holding us back from new highs, her call, 1780 by next year. melissa: and airstrikes refocusing attention to the middle east? the energy impact, we are advocates of the sea me for that. lori: and hackers hitting twitter again? what could mean for a twitter ipo.