a daylong series on fox business kicks off this hour. the chairman of the commodity futures trading commission is here to talk about the big trading glitch overseas. nascar's jeff gordon. what it is like to try to sell a $30 million apartment in new york city. all of that and so much more coming up on markets now. ♪ connell: that is a pretty good lineup right there. i know you are pretty upset about jeff gordon. dagen: i have never interviewed him. two great stories. we also have, and that jamie dimon gave this morning.

first, nicole petallides at the new york stock exchange. nicole: good morning. after two days of selling and yesterday obviously was a dramatic one for some, there were some folks that were very nervous about today. there were others who said, hey, that is what you do. there is certainly a mixed bag here. all of these things are the things that people are obviously talking about here on wall street. connell: thank you, nicole. peter barnes from d.c. peter:.

the obama administration is defending verizon. the order approved by a special court in april was first reported in "the guardian" newspaper yesterday. it has been a critical tool in protecting the nation from terrorist threats to the united states as it allows counterterrorism personnel to discover whether known or suspected terrorists have been in contact with other persons who may be involved in terrorist act to the d's. some members of congress are concerned. others are not. >> homegrown terrorism is one of my biggest concerns. it is happening in our

backyards. i am a verizon customer. i do not mind verizon turning over records to the government if the government will make sure that they try to match up a known terrorist with somebody in the united states. i am glad that activity is going on. it is limited to tracking people that are expected to be terrorists and who they may be talking to. the sweep is underway right now and ends in july. we also reached out to at&t and sprint about whether or not they are under such orders. they declined to comment as well. dagen: thank you, peter barnes. the u.s. government is reportedly keeping tabs.

connell: now to the markets. jamie dimon had some interesting things to say. he says he sees a scary world when banks bring interest rates back to normal. we bring in a chief economist to talk about that. it is a good thing for interest rates to normalize over time. but, as we get there it will be kind of volatile in the markets. >> at one level it is an obvious statement. i am a little bit puzzled by this statement. i think as we approach that point, you know, there will be

some volatility in the markets. that is to be expected. we have been talking about it a couple years now. i am a little puzzled. connell: maybe he is making a statement that he thought was also obvious. what does that world look like to you? obviously, the world needs some volatility mixed in. >> i would say more challenging and trickier. investors can borrow at fairly low rates. that will change. you have to be more discriminating. you have to be more careful. that is not a bad thing. connell: if the economy is getting better, that would be the right reason for rates to be

rising. as interest rates go up, what would you be worried about? >> certainly the bond market is one to worry about. i am not terribly worried about bond bubbles. i worry much more about other markets. for example the market for emerging market debts. that is sort of in a bubbly area recently. the, oddity market is already factoring in this. connell: more about this as we continue. thank you. dagen: we have a self-described entrepreneur, product innovator with us now.

i guess you could say it in a number of ways. let's just start with this. you formerly worked at ibm. it is a competitor to square. how is it different? >> we are targeting a different segment of business. we are looking at a lot of larger enterprise clients. we are helping out independent seal organizations. we are working along side them. we are collaborating with them. dagen: it is a mobile payment

business. jpmorgan chase is an investor in both. they do not see, i guess too much overlap, do they? >> just like any business. our offering is all about going ahead and working with iso's and enabling those guys. dagen: this is about offbeat investments. how much of your own money did you put in? 500k of my own money. taking 2.5 years not collecting a paycheck. you have to cut the cord. you have to leave your company and you have to go ahead and start full-time. dagen: it is also nice if you have half a million dollars in

the bank. [ laughter ] dagen: do you need additional capital? >> we are executing on our business. we are looking for other strategic investors. right now, we are definitely seeking the right investors to go ahead and collaborate with us. dagen: are you hiring at this point? can you find qualified people? >> we are hiring gangbusters. having a business in the silicon valley is extremely challenging because of the talent pool. you are really working with a lot of other customers. we have built an outstanding engineering and product team.

dagen: are you getting into situations where you get counter offers? absolutely. it is incredible what you actually see out here. paying an individual a little more if he is worth it is much better in the long run. dagen: if only i was an engineer. thank you very much. connell: interesting stuff. charlie gasparino will be up next. connell: we also have more to come in our offbeat investment theories. how about investing in art. timing is everything for buyers.

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♪ connell: we will make some money with charles payne. i am not on linkedin. dagen: it is fantastic. charles: none of us are on it and that is probably why we should buy the stock. the last time they reported the stock was near 200. it has pulled all the way back. i think it is oversold. the revenues are up 72%.%

i think the street is looking for 72%. when a company is growing like this, they have three areas. they have talent that was up 80%. now they also have what they call premium content. they want to have a publishing platform. i have looked at it at the charts. anyone who can handle some near-term volatility, i think the stock is worth getting back into. dagen: full disclosure, an old family friend is an executive there. he is a genius. charles: i looked at it this morning. i do like it a lot.

dagen: thank you, charles. stocks now everybody. nicole: i am not on linkedin. verifone. the stock is down 17.5%. analysts are now speculating that they are losing to some of their customers to rivals. basically, the analysts are saying that they do not have the right products at the right time.

that is what the analysts say in the stocks tell you that as well. connell: a lot more still to come. we have charlie gasparino standing by. dagen: we are tracking that story that is threatening the east coast. what it could mean for business, travel and for you and everybody you know. ♪

dagen: tropical storm andrea taking aim at florida's northern state coast. it is expected to make landfall later today. it will head up the atlantic coast. the storm does not pose a threat to our energy interest in the golf. connell: we are looking at

offbeat investments. jeff flock is focusing on disaster investments. he is watching a storm shelter being told right now. he joins us from newman illinois. >> you will see this tornado shelter completed. it is a booming business these days. i want to talk about the other things that you may bet on. stocks like companies that make all of the generators. jim, can i interrupt you? tell me how much this costs.

>> this would be $6100. then putting them in mostly for families. jeff: you talk about how solid these things are. what they do is come in and put them in your basement. this is very thick heavy gauged steel. people are using them not only as a tornado shelter, but as a safe room. >> that is correct. they are handicap accessible. jeff: towns like this in tornado

alley, new focus on this. connell: we will watch the progression throughout the day. dagen: offbeat investing. auction houses seeing record-setting sales in recent weeks. we are at the martin lawrence gallery. reporter: hello. they have had record-breaking years. christie's has sold $495 billion worth of art. back in 1993 -- it turned around and sold for $58 million. as investors are wary about the economy, they are looking for new places to invest. today we are here in soho.

we are here with john, the director of the gallery who is here to tell us about why people should invest in art. who is investing in art and what are they buying and why. >> art has always been a wonderful investment. this is andy warhol. perhaps the king of pop art. this was done in the early 1970s. it sells for about $158,000. over here, this is andy warhol at his best. in early apple computer print that he did. this sells for $245,000. coming over here, we are looking

at the most iconic image ever. only 100 pieces produce. very rare. $168,000. >> this is keith. his art has been collected all over the world. it is just wonderful. this is a silkscreen on alluvium . >> thank you very much. connell: thank you very much. dagen: gary gensler is standing by to talk with charlie gasparino. how safe is your money right now in our markets? connell: it should be a good

interview. next, we will take a look at rollins. transporting medicine in hard to reach places. we will continue on market now. ♪ everybody has different investment objectives, ideas, goals, appetite for risk. yocan't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. hares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. nd consider it carefuy before investing. risk includes possible loss of principal.

connell: let's go back to nicole. nicole: it is worth talking about. the major arket is mixed. i will show you jpmorgan right here. it is down about one tenth. jamie dimon is obviously very carefully and closely watched on

wall street. in his words, he is saying that it is scary and causing volatility. back to you. connell: thank you. dagen: global exchange in new york city today. charlie gasparino is there with the chairman of the commodity futures trading commission, gary gensler. charlie: think you. i will call you bob at least once. that is your brother. smart family.

connell: speaking of many meltdowns, as we always say, we will get it back. these things happen. more on the verizon story, as well coming up. national security against your privacy rights. weigh in on twitter and we will talk to katie made marlinde talking about that. dagen: more on off the investments. let me just say this, jeff gordon four-time champion, baby. get excited. ♪

♪ lori: i am lori rothman with your fox business brief. the sec is freezing profits for a thailand trader. smithfield agreed to a $4.7 billion takeover by a chinese company. chrysler issuing two recalls just two days after refusing to recall millions of older models.

180,000 jeep wrangler's from 2012 and 2013 are being recalled for transmission fluency. the rate is 4.1%. that is the latest look at business from the fox business network. giving you the power to prosper. ♪

connell: who we last saw charlie gasparino, it was a cliffhanger. let's go there live right now. charlie: i was just talking about the euro next market. [ laughter ] this does happen quite a lot

lately. we see many flash crashes. is the market safe? >> i think they always have to adapt to new tech knowledge he. connell: just one of those days i guess. it is an important interview. if worse comes to worse we will do it later or put it on mine. all throughout the day here on the fox business network we have been looking at the business of offbeat investments. right now we will take a look at the drone industry. we are joined by andrea hsu is the cofounder and ceo of a company. let try to explain what you do. it is fascinating and it is important. these drones, you basically take

them places there is not infant -- infinite structure. >> yes. thank you so much for having me. we would like to find a way to leapfrog. the basic idea is to basically create a big network. we want it to be super low. flying between locations for the grounds. connell: as you can see at the bottom of the screen, it is very cost effect did. let me show you some video now that we have.

i know you have done a lot in africa. people can look it up online. this is video taken from a drone in haiti. then, obviously, their country has been hard hit you are able to get supplies to these people. tell me how it works technically. >> they can navigate using basically gps. you are able to pass into them. we are still in the very early ages of trying this out. so far, we have done those tiles in the summer where you saw it set up after the 2010 earthquake. we see this being applied not only in the developing world. a?

you could use it in a big city like new york? will there be drones flying all around the city's one-day? >> in the future, it will be. they are very efficient. the cost of energy for that flight is only two cents of a dollar. this is the key. right now, we are focusing on developing for the developing world. we have two get very confident

that the technology works reliably. connell: it is a fascinating hypothetical discussion. what about the realistic timetable? we are working to pull the resources together. we will see how that goes. we see it primarily as a learning opportunity. we will see what the operation looks like on the ground. eventually, it will get to the u.s. and get to western u.s. are there security concerns?

are there security concerns? >> we are still trying to reach a high level. when you actually program one of those to execute, what are the chances of it succeeding. we want to have 99.9. you have to be able to do it very lively. not only in good weather conditions. and weather conditions not favorable. you need to make a decision on when not to do the flight. there are a lot of things that need to be sorted out. we need to make sure that we can actually secure it and it cannot be hijacked easily. connell: we will follow up on

it. we are glad that you are able to join us as part of our series today. thank you very much, sir. we appreciate it. >> thank you. the white house defending its decision to collect phone records from verizon customers. they say it is necessary to protect america from terrorists. k.t. mcfarland is here. connell: she always has serious questions. this is a big story. >> i am not that concerned about it. i think that somebody should just come out and explain what this is. i do not think that it is terribly sinister. what this is looking at your phone records. you called connor, connor called

his mother. that is what they are tracking. there are a awful lot of phone calls that they are looking at. dagen: this was a secret order, was it not? should the administration, out in advance? >> nsa is not supposed to be monitoring americans. in this case, if i look at the dates of it, it started right after the boston bombings. you certainly do not want to come out and announces that you are looking at everyone's phone records. i am not terribly concerned about this. dagen: don't we have to assume -- these types of things are going on.

we just do not know about them and maybe it is just more white scape. >> it probably is. they are looking to try to see who called whom and who called the next person. >> listening in on the phone calls is totally different. >> absolutely. if this was happening six months ago, it would not even be a blip. connell: what about the checkk and balances. >> that is why you have congressional oversight. that is what this whole issue in washington is. congress has the executive branch saying what do you do? why are you spending all the taxpayers money. why are you intimidating groups.

that is the normal tonsil, i think, in this case. connell: nothing to hide. you can check my records. [ laughter ] >> i do not know about dagen. dagen: what? come on. [ laughter ] dagen: i talk to myself. that is a problem. dagen: thank you, k.t. mcfarland. i am going to talk to jeff gordon next. connell: i hope that he talks back. dagen: what if he just sat there? [ laughter ] connell: when it be the first time. connell: we will be back on markets now. ♪

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

dagen: jeff gordon has had the same sponsors since his first race in atlanta. the sponsor has a different name. it was sold last year. you will see that new paint scheme this weekend. here now, four-time champion jeff gordon. >> hello. this is an exciting day for us. it is the same people, same paint and systemm that have been with us for all these years, but

we have been waiting for this new logo to come out and we get to unveil it this weekend. dagen: you deal with your sponsors. how does the world broke right now? >> you know, i think it definitely has certain challenges right now. the cost of the sport continues to go up. competition is very fierce. the marketers are being smart about where they are spending their money and how much. i think everyone that we are talking to -- still a tremendous number that are in nascar. this is a great way to invest and put your marketing money in their and get more out of it

than you are putting in. there are challenges. we are asking for more as well as they are asking for maybe some cuts here and there. dagen: you have two primary sponsors now. >> the numbers have just grown over the years tremendously. it has been very beneficial for them. each year you do a contract and you say here is what the direction is. they came back every time and that absolutely. again, we just announced. this contract was up at the end of this year. we were dealing with the new company to continue this. we want to continue with our race team. they just announced that they

will. dagen: first and foremost, how do you maintain that intensity required to win a championship? >> it is tough and it does get tougher. you have to find what that motivation really is. i have not won a sprint cup. it is a different format. you have to be completely committed and dedicated. willing to put yourself out there. push the limits of the racecar.

you have to take that time, you know, to commit to it. it gets tougher and tougher as you get older. dagen: you still take really tough hits. >> i do not remember much. dagen: how is your health? >> i had back problems. i said several years ago that i will not drive past 40 because of my back issues. now it just comes down to performance. that was a hard hit in charlotte. it definitely was a rough week. i felt pain everywhere throughout my body.

dagen: just two quick things. do the fans hate you as much as they hate jimmy johnson right now? to me because it was that rivalry between dale earnhardt senior and myself, i think they hated me because, you know, anyone that was speeding dale earnhardt senior and challenging him for races and championships, they seemed to make they are disliked known a little bit more. i think with jimmy, i think they all appreciate and respect his talent and abilities and what he has done. maybe they want to see others when because he wins so darn much. i do not know if he has a real distinct rival that people can really get excited about hating and loving. dagen: have you gotten any bids on the apartment yet.

>> we have a lot of interest. we will let you know. [ laughter ] dagen: jeff gordon. thank you. connell: we continue this verizon story. dennis and cheryl will take that up. former nsa direct there. stay tuned for that. the one-time boy band hanson. they will e here. they are over 21 now. stage manager josh a big hanson fan. they are selling beer. keep it here. ♪

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orchids now, did you know big brother has your phone records? verizon turning over phone logs of millions of americans to the national security agency under court order requesting the nfl director about it next. dennis: jpmorgan chase chief jamie dimon warns the fed could cause the bottom to fall out of the market. it is time to get out to. cheryl: remember them? the one time boy band hanson will be here in our studio. they are all over 21. you drink beer. they are going to be here later in the show. top of the our stocks every 15 minutes. nicole petallides before the stock exchange. nicole: looking at the markets that were mixed all the back-and-forth action weakening a little bit, dow jones industrials moving down 1/3%,

jamie dimon out there talking today concerning volatility and it is scary when you have potential banks running interest rates. things like long-term are just fine, still optimistic but turns out he has concerns, you have mario draghi speaking in europe and the dow jones industrials 47 points, home depot, verizon and boeing on the downside, names like chevron, caterpillar and hewlett-packard coming under pressure. as far as the vix today, moving higher again in these levels that are looking like they are the highest levels of the year, 2013 if we are to close around here. dennis: thanks very much. keeping tabs on your phone call. a bomb shell report claiming the national security agency is collecting phone records of millions of verizon customers under a top-secret court order. when pressed in march the director of national intelligence had this to say.

>> does the nsa collected any type of data at all on millions or hundreds of millions of americans? >> no, sir. >> it does not? >> not wittingly. there are cases where they could inadvertently perhaps collect, but not wittingly. dennis: an interesting characterization. joining us is former nsa inspector general joel brenner. thanks for being with us. how unusual is a blanket request like this for a billion phone call the day covered by this request? how unusual is it or is it par for the course? >> white house seems to be acknowledging that this is in fact the genuine order. two things about this order strike me as peculiar. one of them is it is collecting

domestic to foreign intelligence. that is exactly what the foreign intelligence surveillance court was set up to do, exactly what the legislation permits it to do. what is unusual is the order extends to domestic to domestic calls. and s. a. just doesn't do that ordinarily. we don't know what is behind this order but before intelligence surveillance court doesn't issue an order like this without a reason. my guess is without knowing there is an investigation going on that has led the officials to somebody who is a subscriber or an employee of verizon business. you ought to understand this order doesn't extend to all of verizon loan other carriers,

just verizon business. it is entirely possible, a leading hypothesis they have done investigation at one of these at verizon, they want to find out who that perso talking to. dennis: a faster exchange, why if the government already has its eyes on a particular group of suspects, why are you requesting a billion calls a day? why not narrow your request? is in part to mask what you're doing? >> pull on a moment. let's lower the heat a little bit. suppose we have been led, we're doing an investigation of something and are led to mr. x and we wanted to know who mr. x is communicating with? we don't know that in advance so we are not going to ask for an order that gives us the contents of mr. x's phone calls. dennis: u.s. for everyone's

phone records. >> you are not listening. if you want to find out who mr. x is talking to you have to look at the universe of calls and then you throw out all the records accept the records of the person they're talking to. that is the only way to do the investigation. dennis: here is what bothered me. of thought that the nsa and the fbi asked to see records on 1 billion calls a day, first of all i doubt they even have software to sift through that much data to find any pattern. doesn't that mean we are clueless about preventing terror attacks? we don't know where to begin. if we are taxing that why? >> it doesn't mean that. if you want to find out who mr. x is talking to you have to look at the universe of records and take out what you need to look

at and throw away the rest. there is no other way to figure out mr. x's co-conspirators. dennis: to follow instead of going after billions, seems like overreach. one of the most interesting angles is you feel based on your nsa experience of this existed might be a particular investigation where congress, this has been done for years. and that could tell us a lot about the situation. appreciate you being with us. >> we want to hear from you. connell: the u.s. government keeping tabs on call records of verizon customers, national-security or government overreach? tweet us at dennis kneale, at cheryl casone and fox business. your tweets to dennis kneale

more important apparently. cheryl: bill perez tweeting me, irs and nsa agents like a dumb and dumber, followers have a good sense of humor. dennis: this is more than a overreach, big brother telling us what to do and if we do not comply there is trouble. cheryl: the have chairman of the intel committee, and stealing american intellectual property. and on tuesday. >> you need to be tough now. this is a crutch for them in the sense of 7% social programs. they added by theft. it is unsustainable in the

economy and not good for their economy. this is the time for tough love. cheryl: chinese cyber intrusions cost u.s. businesses $300 billion annually. and there on the rise. the cyberdefense turning to cyberinsurance, joining me is the ceo of specialists then walterman. you have been doing this for eight years. what did you see eight years ago the rest of us are picking up on now? >> a few things pulled the big thing that is picking up is more and more tax on small firms so historically the big retailers, big health-care hospitals and other institutions that don't have the most sensitive data and records. more and more has been outsourced, increasing the tax on smaller and smaller businesses because it is a way to back end. gerri: you are offering insurance, what is the cost for

that and how much have you had to pay out in the last year or so? >> we don't disclose claims because it wouldn't be appropriate but i can tell you what has changed is 46 different states and the federal government have rules about when you as the company faced a data breach you have to notify customers of that brief regardless whether or not the data was used for any ill used doesn't matter and the costs can be tremendous. over the course of last year one of the big cybersecurity companies has released a study that shows the average cost to a company of paying out all the costs of notification is $188,000 and they went out of business. cheryl: going out of business because of the cyberattacks is huge and something at the end of the day you cannot insure. let's talk about your user account, small and medium-sized business as a threat to larger companies. because of that, the larger

companies could come back and sue the small or medium-sized companies. that is a risk. >> we tell clients you can outsource your data but not reliability. even if someone else's hosting it or retaining it is still your liability and you still on the hook. >> how much does it cost, a general figure with a business would have to pay out. >> leave of the fortune 500, most businesses get the coverage they need starting at $1,000 going to 20,000 and how many records. cheryl: that is how they are protecting themselves. we will be covering this. it gets worse and worse. we will see what the president is saying about this. thank you very much. dennis: jamie dimon, fortune global forum event calling for return to normal interest rates. one problem is as we go back to normal it will be scary and volatile for the markets as we are starting to see, stuart varney to meredith whitney, what she had to say.

>> i say the longer environment has been very weak so what banks have done has put security on their books and making money off of asset inflation and if rates rise the value of bonds godowns so that is a real capital issue for a lot of banks, a lot of insurance companies across the globe. dennis: christopher is look joins me now. do you agree with jamie dimon that we have got to return to normal but secondly is going to be scary? >> i believe we have to go back to normal and it is going to be scary, completely agree with him. interest rates rise to a level that in carriages lending and also allows us to have less and predictability as to when the fed will stop doing what they are doing. we have to return to normal markets. dennis: if the fed is going to ease back on its lose money policies it will do that because the economy is getting better. it should be good news. why are the markets afraid of the fact that the fed will pull

back when the economy is improving? >> the economy is improving, that is absolutely a great thing. we want the economy to recover. the difference is the asset bubble created by the fed policies, if that disappears you lose the safety net underneath the market that ben bernanke put. if that disappears, the market has to stand on its own two feed as opposed to being supported from behind by the federal reserve. dennis: in the economy arguably vastly better shape than it was when the big downturn started in october of 2008, exports of 30%, the debt is down, cash is up, what is to be so fearful about? >> main thing people are afraid of is the physical environment, regulatory environment and that we had a huge problem out there, federal debt caused by the bailout so no question market had responded to a better economic environment. the key is is it sustainable, the market is a forward looking animal. if we cannot get convincing

evidence we have to get sustainable cash flow growth, a multiple of 17. dennis: the 50% increase in the past 5 years resulted in the financing of that debt. it doesn't have to be such a scary thing. all far do we go to 15,000 for the rest of the year, can't be. >> we delta little bit because we are oversold, we have 10% upside and 30% downside if the summer slowdown turns into a real slowdown. sell when you can, not when you have to. if you don't have the risk controls in your portfolio. dennis: a year selling stocks

and a retirement account? >> reduce exposure and add exposure. it is depending on value. dennis: thank you for being with us. cheryl: a daylong look at the business of investments. it is on the line besides yours truly, and we look at investing for profit. dennis: invest in grade diamonds, we are joined by investment diamond exchange. la ♪

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cheryl: the dow loss 216 points, a 1% loss, we are down 61 points. lot of nervousness going into

the jobs report. and the adb report kicking things off but home depot is not green and at&t and read stocks going on here, chevron, merck and disney and big news coming in in the beverage industry, coca-cola because as we do every 15 minutes nicole petallides looking at a really interesting story and fat was the report of pepsi was going to buy a soda stream. nicole: pepsi denied that, though there have been reports, sources that have gone as far to say it that pepsi is working with goldman sachs to move this forward. soda stream has become a household name, so the screen you buy from a skull stores or target so we are across the board. pepsi is in talks according to some to by this and for $2 billion we have a lot of sales of $430 billion over the

last year. and to the upside. cheryl: it makes sense. that is what analysts are saying. dennis: makes graphic. the business of offbeat, if you are looking to diversify what about diamonds? if you're looking for that, the investment diamond exchange system crow founder chris shell zubov. it is the first-ever or the first bt f for diamond prices. >> in august of 2012 the u.s. government standardized, it comes up with a range of diamonds for financial trading

and commercial trading. and the publicly traded assets, we are seeing the first diamond edf. and the nasdaq stock exchange. dennis: this -- this company is based out of chicago. they are doing something the gold back when gold came out so it is basically bringing diamonds to investors throughout the nation. dennis: they have to go out and buy diamonds to that of the atf and increase demand if there are enough in demand because out there your exchange doesn't trade pieces of paper, your exchange allows the exchange of physical diamonds. the new index tracking diamond prices, what would be up this year? stocks are up 14%.

what about diamonds? >> diamonds are generally up averaging 11.8% return, they are very stable asset class. they are not correlated asset class but buoying the emerging-market. china and india. dennis: spreading will the real-world? >> a growing middle-class population is anticipated to reach two seventy-six million middle-class households by 2020 which is weak right times that of the middle-class population of the united states with an insatiable appetite for diamonds and actually there fastest-growing discretionary income expenditure. china alone since 2005 had diamonds demand up 32% since 2005 and it is supersize. dennis: money floods into gold when there is a panic. diamonds don't go more up. the public too hard to fend.

>> the truth is this is a play on many things, global growth because diamonds are driven by retail consumer demand but there have been used as an asset throughout history. dennis: the movie marathon man. thanks for being with us. nice job. >> i would like to say this is the product we are selling, take physical delivery of the diamond that shipped to your door, trek real-time prices on the web site and liquidate the position any time. give us a call at 485 -- dennis: not going to let you do that. i am violating a promise. this is not 1-800 number. cheryl: i will take it away. we will look at alternative investing continues next with a look at -- in the art world. and to beer salesman, hanson is going to be here later in the

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dennis: offbeat investment day in full swing, jeff flock taking

a look at this dire scenario. after the tornado as dire tornadoes ripped through the midwest storm shelter construction is booming. >> we have been watching all long as a storm shelter takes shape in the town of newman, ill. in tornado alley. there's a storm brewing out there, hurricane which is a threat to them. it if you look at it over as the course of the last month since the oklahoma city tornadoes the stock is down. jim allen, come over year. running this operation, your business is booming. >> people are calling in now to get shelter ordered.

>> they do that after the spate of storms we had. this is handbills, vaulted to the floor, what over here with me to tell you how sturdy these things are. these other panels, how thick is the steel on this. >> 3 sixteenth inch steel. >> if you want to know what 3 sixteenth inch steel is, take a look at this. you would love to shoot guns. take a look at this. this is what a 40 caliber shop looks like when you hit this, that is 9 mm and a 45 caliber. this is strong stuff, storm shelters right now. this could also be a safe room if you are worried about intruders. also do that as well. people use them for multiple reasons. dennis: i'm not sure how we got from tornadoes to gunplay but thank you, a lot of blue jeans on that said today.

thanks a lot. cheryl: now to investing in the art world where christie's and sotheby's seeing record-breaking sales of past few weeks. a beautiful gallery. >> it is beautiful. i am standing next to a stunner, a painting called the nude under the table, it is selling at the martin lawrence gallery for $4.85 million. you don't necessarily have to buy this much of an expensive painting to invest in art and we have brought with us jeff raven who is the partner and co-founder of our best partner so tell us what people should be considering as they think of investing in the art world. >> proper advice is most important. you wouldn't go skydiving without an instructor and should be getting involved in the art space without doing your research and understanding what

it is you are buying. you should buy the best works by the artist you are interested in, you should buy tier one artists and works regardless of medium so you're interested in oils, you have the price point you can afford that is wonderful, if you can't, look that works on paper or other mediums, that is the way you should go about it. >> how does the stock market affect investments in art? >> in many ways. now we are seeing some from 2011-2012 we saw pull back in global are marked sales and obviously an uptick in the global equity markets and people have looked since 2008 and beyond, art is a historic value and safe-haven in times of financial distress much like gold so when the financial markets are performing extremely well, you sienna downtick in

investment and interest in the art space. >> what is an art fund? >> it is not regulated. is an investment vehicle you can invest in like private equity endeavour, typically longer-term and the underlying assets and key aspects to a conflict which she should really understand the structure of the fund and holding areas. >> there are lots of ways to invest. cheryl: thank you very much. i have been to that gallery. it is gorgeous. dennis: more on today's news about verizon pitting natural security adkins your privacy right. are you worried about it? cheryl: the granny nominated pull a band hampton. we are going to be in our studio. my mantra?

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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 meditions. serious side effects could include increased risk of prostate cancer; worseng prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarg or painful breasts; problems breathing while sleeping; and blood clots in the ls. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. ask your doctor about e only underarm low t treatment, axiron. how old is the oldest person you've known? we gave people a sticker and had themhow us. we learned a lot of us have known someo who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪

dennis: more on the secret court order forcing verizon to give the fed records on a billion phone calls a day. your privacy rights on the line and we want to hear what you think on twitter, tweet us at dennis kneale@cheryl for tony at fox business. a business of offbeat investment coming up, making the money and enjoy it with wine. from wind to beer hanson is here. the one time boy band now in the suds business. and stocks every 15 minutes. nicole petallides watching currencies because it is too depressing to look at the dow. nicole: the yen is slapping back, stocks slipped in. market will be our guest in the next 20 minutes or so. this is the u.s. dollar versus the yen and you see a dramatic

move. the dollar is dropping dramatically. what happened to the dow jones industrials, a direct correlation where the dow dropped to its session lows and take a look here at the fear index, the volatility index. there is a look at a three they chart. the vix, 18.5 amended ago. wolf. and it is on their plan today. cheryl: the business of offbeat investing. wine is not just for drinking. here is how you can make money in investing. and food magazine, in second of wine editor, good to see you.

let me start if we can with you. that is the high end investor, high net worth investor spending thousands of dollars per bottle sometimes online. i.t. if trying to profit? >> depends what they buy. at the high end, and you do turn up profit. you need to be careful. cheryl: what is court? if i spent $20 i don't care if it corked but it is 2,000. >> the specific problem, and a storage is the bigger one. cheryl: can you ensure the bottles. and opening it -- >> you can actually insure against cork and all the other problems. cheryl: and the sector for the

magazine, looking at wine sales and the value of wine auctions. in 2012 there was pressure on the market. dennis: it properly pull back on the chinese side, lot of chinese -- settled down a little but are coming back which is great. the long term with wine with delectable wines is they keep growing in terms of value. it has been a good market. cheryl: do i need a broker to get into this? do you advise people to do that? >> you need someone you can trust whether it is an auction house or a really legitimate wine dealer or if it is coming from the winery. the key thing is providence, have to know where it came from and that it is legitimate. and crucial is storage. one year of that storage, and -- cheryl: you could prove -- i have an aunt and uncle and that is where i get it from and they

have three gigantic wine refrigerators in the homes but the compressors broken-down. that is okay but a fire on a $3,000 bottle of wine. >> i knew of a family in palm beach went away during the hurricane and there was no power and it is a risk. professional storage is more trustworthy with backup generators and things like that. a couple hot days and you have a problem. you could store it yourself but it is better if you're doing reinvestments. cheryl: what is hot right now? seems like it is burgundy. >> that is the major part of a market and particularly in north america and asia towards burgundy and learning more about burgundy and two great vintages which is 9 and 10. cheryl: i want to show really quick, one of these bottles is $24 and i couldn't figure out which one it was, chateau on the far right. that is a $24 a bottle of wine

and on end next to me this one, how much? >> $34.95. cheryl: $3,495 a bottle. thank you very much, it is a lovely segment. it is good. this is very interesting. dennis: tipping for bad service. you will be surprised to find out how many people a feeling pressured to do just that. cheryl: the band are here with their latest hits and it is not music. you hurt my feelings, todd. i did? when visa signature asked everybody reallyattered... you sugsted luxury car service instd of "strength training with patrick willis." come on todd! flap them chicken wings. [ grunts ] well, i travel a lot and umm...

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tracy: i am tracy byrnes with your fox business brief. the sec is freezing the assets of the thailand trader for insider-trading, just ahead of the smithfield acquisition announcement. last week, four billion dollar takeover by a chinese company, the deal goes through it would be the largest purchase of a u.s. company by a chinese by year. financial announcing plans to cut 400 jobs in an effort to improve operating performance. the insurance company says the move will result in an annual three point savings of ninety million dollars. 63% of those surveyed by discount co. coupon chose for

you to leave tips and even for service. if you intend to leave 20% people from arkansas say 10% on average. that is the latest from the fox business network giving you the power to prosper.

dennis: singing the biggest hit from 1997. cheryl: after 21 years to get this sixteen million albums sold worldwide, hanson had added to their musical career with a new venture, fear, and zack, taylor, isaac all here with us. thanks for coming on the show. we start with you. the third business. where does it come from? >> natural connection with

listening to music and drinking beer, you drink beer and make music, to be honest is something like food and to be honest, the brewing culture, similar to the independent music culture, going into that was natural. dennis: i can't believe you haven't heard from protesters. anyone who does anything, they're going after the young but it's teenybopper bend everyone remembers so well, of you worried this could appeal to a 13-year-olds who want to drink? >> we have overwhelmingly positive stuff every year from everyone. you talk to a pastor. and your childhood friend, got to talk to guys, girls and fans. i am 30 years old, we love crack

beer and traveling and performing, beer is part of the culture of music and is about our fans that are not into drinking kludge dennis: your fans aged with you? the kids? >> definitely fans of hours under 21 years old for sure. there are plenty that are not. it is an obvious -- i am 32, and zack is -- >> is this song that is a pun of the beer base of love is all about how things change over time, and hold onto one or two things and able to evolve with our fans, as people get older and drinking beer, that song has a different life. cheryl: unwanted point out, making beer, the money is going to red cross. you are from tulsa and this is

important to you because your home is where the tornados were. >> there was all this excitement about the beer being announced and is not in market yet. won't be in market until the fall but we made sure what we did basically was made tee shirts and said there's all this excitement, we want to make sure everybody is excited about that and it is an opportunity to engage in that and most importantly the money goes to people who are being directly affected by that tornado. in general, by dealing with beer you are trying to leverage whatever you can to make a difference and if people are excited about the story of a beer, what is the best way to channel that energy? dennis: what is it like when you see yourself when you were so little and it makes you feel goosebumps or do fringe and feel embarrassed? >> we love that song, we wrote

that song when we were kids and are proud of it. this name that makes you cringe is when you see people not understanding the song, it is your honor, nominated for grannies. >> you have three grammy nominations. we got to bring this up. the song is played around world, you were featured in hangover iii. >> like i said the song has evolved and the new record anthem comes out in a couple weeks and this fits into the picture of what our fans love and what we love and the new hangover, the best likeness of that song ever, that song opens of the new handover movie. dennis: across the tween hangover -- >> you could get hangover in all literally. cheryl: i got everybody's ready, so proud of myself.

that was awesome. congratulations. let's get back to this, the dow is down 92 points. you may need a beer on the floor of the stock exchange. what is going on? >> it is amazing, the third straight day of selling for the dow jones industrial average. we have not seen that in 108 trading days which is an all-time record. the next closest time is 1935 when we had a record of 93 days so the market looks like we are going to close negative for the day which would be a record in terms of three consecutive down days. it has been 108 trading days, incredible amount of weakness, market's near their lows, a lot of this is due to a dollar yen which allowed and our own so ago and shows signs of deterioration, the nikkei down close to 20%, so we're seeing weakness. the market seems to be close to getting oversold to levels you want to buy but we are not seeing stabilizations.

cheryl: volatility picking up again today with session lows. thank you. dennis: i am not afraid. it is not over. more on today's news about that verizon thing, national security against your privacy rights, we will show you what the conversation is on the twitter. . . money has to last longer. 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 andiversified. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal.

>> everyone should calm down and understand this isn't anything brand new, it has been going on seven years. we have tried often to make it better and continue to do that. >> harry reid telling everyone to calm down over the big story making headlines this hour that the nsa is grabbing the phone logs of all americans on the verizon line, 1 twenty million customers.

dennis: a billion calls a day. when anyone tells you to calm down infuriates me. some of you are not agreeing with the senator on twitter over reach, this was one report before was scheduled for declassification. i am sure other carriers are involved. cheryl: the government watches everything we do, someone happened to publicize verizon. dennis: as long as they don't publish why should i care? i am not a terrorist. cheryl: the fact that there are two sides to the story. if you think about it we do need to find homegrown terrorism, we need to be searching. dennis: we need to do that by checking of the doors of every american in the country to see if we have got something? this is such a vast -- they have no idea where to even start looking. why not just go after -- probably have one particular guy they're looking that and ask for

that phone number and when the government says not to worry because we don't have any identity, we just have a phone number. your phone number is your identity. cheryl: all so they didn't analyze the content of the calls. that is where you need to go. i don't have that interesting a life. dennis: if you don't want the results of your google search to show up, that is a terrible thing, to think anyone who is upset is someone who has something to hide. 4 google searches i have plenty. cheryl: you have a more interesting life than i do. we are talking about this and more in the next couple of hours of fox business. congress is looking for the redeeming value in the irs star trek video. and actor apologizes. lou dobbs going to jump on that

one. dennis: more embarrassing congressional appearances in a while. everyone knows diamonds are girl's best friend but are they an investor's, the business's offbeat investment with a look at precious stones producing big profit. cheryl: i grabbed one of the diamonds in my segment from my pocket. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they kw i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company."

>> good afternoon, i am melissa francis. lori: i'm lori rothman. your personal information at risk. verizon providing records. melissa: the explanations and apologies from today's capitol hill hearing. guess what, lou dobbs will come and weigh in. lori: our networkwide series continues. this hour it is all about girls favorite thing.

of course, profiting from your bling and designer duds b. melissa: i would much rather have that. lori: we will talk about it this hour. a sharp selloff underway again. off about 100 points on the dow. nicole, stocks right here near the lows of the day. nicole: about 20 points off of the lows of the day. lots of this is what we are seeing over in japan, m monetary policy beefing things up over there, but it really is going the other way with the dollar plunging. getting caught on the wrong side of the trade. here at home the economic news, weekly jobless claims, adp reports tomorrow, and can't wait to see the numbers mo