dagen: thank you so much, stuart. how do like him now? edwards noted talking to the chinese. leblanc founded an event this he is concerned that our lawmakers pose one of the biggest threats right now. what would it take to get you on board this cruise ship? wicked weather grounding planes across the east coast. most notably in the nations capital. those stories and much more at this hour on markets now. ♪ connell: i know one of the things we agree on is we actually hate these cruise ships dagen: their thinking has to be -- well, they will not let a fowl have been on this cruise

ship. another one, maybe. three we have that coming up and the edward snowden stuff. plenty to get to. let's get to nicole petallides. nicole: let's talk about what we are seeing here on the markets. the dow jones industrials up 28 points. we saw the nikkei thinking over in japan. global selloff. pretty open i said the trend remains to the upside. dagen: edward snowden now

telling a chinese newspaper that the u.s. is launching a massive hacking off her. connell: to put it all together for us, peter barnes. >> .subject of the hacking scandal , the director has been defending these programs. had they been in place before 9/11, they may have actually been able to stop 9/11. these leaks have been damaging. >> we are taking all necessary steps to hold tte person responsible for these

disclosures. >> these programs are legal under u.s. law. congress has been repeatedly raised about them. snowden is the target of a criminal investigation. there has to be a proper balance. the administration grees with that. they are willing to work with congress to tweak the policies and programs to make sure that that balance is in place. connell: peter barnes on capitol hill. dagen: monica crowley is here now. yesterday, general alexander, the head of the nsa, woods noted that he could tap into any

americans phone or e-mail, alexander says that is false. >> there are a lot of parts of his story that are really not quite gelling. he claimed he was making over 200,000. it was actually 122,000. we do not know much about this guy at all. we do not know the level access that he had. we do not know what kind of information he is in possession of. we actually do not know who he is working for. the fact that he fly to hong kong and he is giving these interviews and is talking to the chinese about wanting to fight erudition back to the united states, we really do not know whose side he is on.

connell: the disclosures that he has made have started this conversation. they are testifying about it on capitol hill. >> there is no good way of really knowing this. every time i think about this and i think about their argument that this is so critical in terms of fighting terrorism, i want to believe that is true. i am all for secrecy in carrying out our policies. i also think it is a critical question to ask what are they doing in our name. it is one thing to look at potential terrorist suspects. the american people really do have a right to know what they are doing in our name.

dagen: as the "wall street journal" editorial page pointed out, these data sets are so enormous that only algorithms can understand them. it is less of an invasion of privacy with its vast amount of information because it's alternative would be alternative individual is. >> i think that most of the american people would be for this. they are for giving up some level of privacy in order to be secure. when you take a look at the case, this was a case that was tailor-made for this kind of program. you have two innividuals here. you have red flares being set up. you have overseas phone calls they gave to chat you caught if you will. i think most of the american people would say this is a great

program. this kind of program, american people are saying, wait a minute. dagen: absolutely. connell: thank you, monica. >> great to see you guys. connell: goldman sachs ceo was that an event hosted by politico this morning. watch this. >> that anti-compromise environment in washington things very difficult. i am in risk management business. i do not like the moving fight over the debt ceiling.

do i really think, at this point, we will have another readouts of that kind of issue again? i do not think so. i did not think so the last time either. connell: they play right into our next guest. they have a new book out. one of the co-authors is the former chairman. glenn hubbard joins us. we welcome you back to markets now. it does, when you listen, something that has been a big topic the last few years. where are we right now, big picture? >> we tend to treat the problems as if they are economic

problems. we know what to do. it is getting rules and processes. connell: give us one example. a huge challenge we have is the growing that. our politicians are not able to come to grips with that. we need both rule changes that focus on entitlement programs and also more political competition for ideas. we have to break logic. a lot of people have said that. there has been hardly any progress on that front the last few years. i think it is pretty easy to argue that things are getting worse not better. >> it really unleashes a lot of

political competition. i think we are starting to see interest in budget process reforms that ppt entitlements more on the budget. connell: okay. >> i think that there is hope. connell: what comes next? it is not only here in the united states. this iivolves japan. it involves china. the hope that china is may be slowing down, but not collapsing. the big question here in the united states is -- will they be able to get us out of this in a new flight? >> i am skeptical at the value of the margin of quantitative easing the challenge should for

the fed right now is communication. not simply saying it is tech weekly feasible. nobody disagrees with that. connell: you think they will be able to handle it all right? >> i think that they can. i think the strategy will be a multi- year plan. right now we have different sets of officials saying different things. connell: that has been leading to the volatility. good luck with the book. thank you very much. >> thank you. dagen: the carnival triumph set to sail the high seas again today. passengers had to endure

unsanitary conditions while the vessel was towed to port. since then, the ship has had 115 yen dollars in upgrades. connell: that is up our twitter talk question today. what would it take to get you on board? obviously, it sold out. a lot of people are on board. dagen: if somebody gave you a cruise as a gift, like mika for example, what would you do? connell: i would absolutely like to pass it along. make a few bucks off of it, maybe. it looks like we could set sail from new york city it is raining

so hard. dagen: golfers are running for cover at the u.s. open. we have more on that storm which is down from the midwest to the eastern shore. connell: japan. we will see if this is the start of something bigger for the global markets in general. dagen: this is u.s. oil production. they gained the most austere and our nation's history. world. ♪ we know a place where toing and turning have

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connell: back on markets now. i wanted to do the show outside, which seemed like a great idea. it is raining. it has been all day long.

before let me say one thing, new york city does not digest heavy rainfall while. you will see flash floods in queens, for example. from the ugly two beautiful, beauty products company coty making its debut. nicole: it really is floating out there. so many names under their umbrella. the stock has come off of it blows. it is still down 1.5%. we are watching this one closely. in addition to some great

labels, they have a lot of names that we follow, katy perry, lady gaga, tim mcgraw. under their umbrella, they have a huge array of names. they gave out lots and lots of gifts. they certainly went all out. dagen: i know. i see you and tim mcgraw. connell: that is almost funny. [ laughter ] charles: [ laughter ] connell: what are you laughing at, charles? charles: men's warehouse supported absolutely amazing numbers. this may be people coming back to the workforce. 450,000 came back last month. initial jobless claims are better. starting in february, the whole

month low and then it started to turn around by presidents day. corporate apparel of 13%. they did not give great guidance which is why the stock is up probably only a dollar. this stock is severely undervalued comp to its rivals. there may be a way to piggyback that trend. dagen: you are always exceptionally dressed. connell: he has about 300 pairs of cufflinks along. charles: a couple hundred at least. dagen: i always love the contrasting tie. charles: these are antique. they do not do that anymore. it is a pretty unique feature.

the other side real quick. dagen: get out of town. you can get these at the men's warehouse. connell: we talked of the harsh weather a moment ago. it tore through the midwest before coming our way. it even chased though golfers off the course at the u.s. open. dagen: if the bears are moving into japan. what does that mean for us? are we headed in the same direction? take a look at other currencies, including the yen. ♪ [ male announcer] surprise -- you're having triplets.

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♪ >> 24 minutes past the hour right now. hi, everyone. i am jamie colby. this is your father news minute. chuck grassley would have prevented illegal immigrants from taking their first steps

towards -- the united nations says the death toll in syria has reached an astounding amount. last month, the un refugee agency announced 5 million civilians have fled the country. veteran nascar driver was up last night in a crash at bridgeport speedway in new jersey. it left the dirt track and flipped several times. he was only 37. those are your news headlines. i am jamie colby. then again, i know you are a huge racing fan. what a huge loss.

dagen: he leaves behind a 5-year-old son, charlie. the national weather service issuing a thunderstorm watch for the d.c. area. connell: rich and then have more pa teamed the storm has moved out of area for now. reagan international airport had about a half dozen flights canceled or delayed. take a look at ssme of the airports here. laguardia are subject to delays. philly, 45 minutes to an hour. this is all because of what has been rolling to the east coast here. when you look at what we had this morning, it is not over yet. we have had the storms organizing towards the midwest. that is supposed to give us

worse than what we had this morning. you have unscheduled leads. if you have not taken today off already, you can do that. you can work from home. we have had an awful lot of rain around here as well. also, the u.s. open, they will resume at 12:00 o'clock. in eastern pennsylvania, who knows how longer they will have one these other storms get organized. we are all thinking about what role through in, i believe, june. it hit us out of absolutely nowhere. it came through the d.c. area. we will see what happens here

this afternoon as we all for round two. either that or the baseline. [ laughter ] connell: a weather report inside the terminal. thank you for that. dagen: tougher environmental worlds in this country. oil production is of the most in our nation's history. todd whitman on finding balance. connell: the infamous carnival triumph is poised to set sail again today. our twitter? what would it take to get you on board? we look forward to your thoughts. dagen: being drunk at the time. connell: we will be back. much more to come. markets now. ♪ you hurt my feelings, todd.

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connell: back to local nicole petallides at the new york stock exchange. we have safeway this time. nicole: when you talk about safeway, there is some big news in canada. empire is an operator of the canadian grocery store. they are acquiring the assets. what is very interesting is that safeway, the whole deal was

unsolicited. safeway dumped off those assets. right now the stock jumps on the news. we are seeing safeway doing great. dagen: japan's market down over 16% just today. it was a bruising selloff. 20% since may 203. japan is going through some wild changes in their economic policies. it has been dramatically trying to devalue their currencies. those were all very unusual

situations. they do not apply to the u.s. glenn harper was on earlier. the federal reserve needs to do a better job. the central bank does not owe investors anything. their job is not to save us from losing money. are you an idiot? >> that is a wrong word. i would say you are making a mistake. you probably were not smart. let's put it that way it has gone all the way up in interest rates to 2.2%. the value of bonds have gone down already. dagen: do you think that the yields will continue to rise?

our economy looks okay from here. >> that is a good point. people have gone into bonds because they are afraid. there is a natural rotation to go out of that safe bond where you are earning negative real returns. inflation is probably running around two-2.5%. we think people will move out of bonds into stocks. dagen: the auto business looks good. the energy business is going great. the focus fund is easily beating the s&p 500. are those some of the areas that, where you are putting money to work right now, charlie

wester mark. >> we have been in industries that benefit from those trends. let me tell you what i mean by that. thanks, investment banks, financial firms are benefiting. they have been doing much better. the money managers have been doing much better. and that of the housing stocks have already run a lock. there are other industries that will benefit from the recovery. dagen: it is great to see you. as always, thank you very much. connell: charlie. he had the look on his face that i have become familiar with. the thing is, we are coming off

a batter year for the oil market. dagen: this baby is fully booked. what would it take you to get on board? give us your thoughts. connell: how about flipping cars. stay tuned. it is all ahead on markets now. speaking of markets, let's look at yields. just under 2.2% on the ten year period we will be right back. ♪ the most free research repts, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions

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dagen: at your robert redford calling on president obama to have the courage to act on climate change. connell: we try to put all of that together, i guess. the former new jersey governor is with us today. what do you make of the comments? >> he is not wrong. the other side is equally as true. it will be that much more difficult to do it.

the presumption is you cannot address the issue without killing the economy. that is just not true. there are ways to reduce our carbon output. dagen: we already have. >> we have shown that we can do this. no credible scientists will say that this was due to climate change. every sizable say that what happens with climate change, all of those things, we need to prepare for them. they are happening so fast because of all of our at to the deep that we cannot prepare for them.

he made a comment. you can argue that the fax. you can argue about the science. they said it was a moral to make that connection. dagen: the obama administration has doubled the fuel efficiency standards on cars. do you think that they are targeting it in the right way? >> i think that they are taking steps, but they have not taken enough. you are absolutely right about a number of the environmental groups. there are a number out there

that make their money off showing dirty air and pipes spewing garbage into our air. connell: the president could do a little bit more. you do not think that the president has done enough? >> no. he talks about it from time to time and then he lets it drop. do it on all of it. where do we rebuild? how do we rebuild? what kind of standards should we push in. dagen: the easiest way to do it is through a tax. that is nothing any politician wwll do.

>> it can work, but with carbon, it is difficult. clearly, a carbon tax is the cleanest way to go and i do not see that happening. connell: hurry up and get out of here. the rain has stopped. dagen: we will not look out the window and laugh at you. governor, thank you. flipping houses may be back. how about making money flipping cars. we will tell you how to profit from fixing up a car. of course, you fix it up and you do not want to sell it. connell: that is coming up on markets now. here are some winners individually over on the nasdaq. ♪ vo: traveling you definitely end up meeting a lot more people but friend under water is somethincompletely different.

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before forget flipping houses. let's talk about flipping cars. can the average person -- and on restoring a beautiful vehicle? danny. good to see you. i will argue, what you do for a living and how you make money, very few people can do these days. nobody knows how to work on a car annmore. >> i happen to agree with you. times have changed with cars.

i come from a different school. i come from a school where you should be able to fix a car with a wrench and a screwdriver. sometimes a hammer. you have to be able to work on the cars that i do. they are a little bit more of the old school flavor. something you want to taper with and have fun with. get your hands dirty on the weekend. do most older cars cost so much to restore or fix that you cannot make money on them? >> it really depends on the vehicle and the level of restoration that it needs. there are certain vehicles that there are so many parts that are being remanufactured by companies that it is actually reasonably easy to restore them. there are other vehicles out there that are so oddball, so different that finding parts for

them can be extremely costly and you end up having to make hearts for them. it really depends on the vehicle you are restoring. a lot of collector who do not have a lot of money start with mgs because the parts are so plentiful that you can find them out there. talk about what you see as being eagerly restorable cars. >> certainly. there are wonderful companies that are remanufacturing parts for fantastic american muscle cars like your old camaros. your first-generation camaros. all the way into the early 70s of the camaros. there are parts available everywhere. things with mustangs. you can basically build a mustang out of a catalog. our parts available for these vehicles that you can restore literally, like you said, shade tree style, right there in your

own garage. dagen: we will have to explain what shade tree is. [ laughter ] >> it is not taking it to a shop eight money. it is basically doing it yourself. >> you pull a car under the tree. what is your least favorite car to restore. speak that is a really tough question. dagen: it wound up being extremely costly? >> we just did a restoration for a really special client. i am really proud of this car. it was very expensive to do. we just restored bob marley's last car which was a 1980 mercedes sl. it was strictly a european version of the car. we just restored it for the

marley family. just literally delivered it to them yesterday. talk about some of the coolest people on the planet. this vehicle, they are amazing, they are phenomenal. although you can go out and find an older sl and purchase one that is in reasonable condition for a reasonable price and enjoy it, it is a whole different story when it comes to restoring one that needs every nut and bolt restored. it needed every inch of it to be restored. especially in the european version. finding parts, literally making parts. restoring a vehicle like this, the cost was astronomical. because of the significance of this vehicle, you really want to put everything into it to make

this restoration perfect. that would be an example. it would be something that you do strictly out of love, not out of an investment. dagen: danny, loved having you. please come back and talk about this all day long. >> i would be honored. dagen: that is not a bad idea. connell: we know the carnival triumph is back. set to hit the high seas in just a couple hours. dagen: kacey siegel is standing by at the ship sport with more. >> i think disaster may be an understatement. who could forget the stories back in february that came out of this ship. reports of raw sewage running down the walls. very little food. no air-conditioning. having to sleep out on the deck. an absolute mess just in the

gulf of mexico for four long days. some kissing the ground when the ship was finally towed into port. carnival cruise lines says it has made $115 million in repairs and upgrades to the child. they have pledged another 300 million for fleet wide programs and improvements along all of its 24 ships. we are anxious, obviously, to talk to passengers. they are not arriving yet. this voyage does not leave until 4:00 o'clock local time, 5:00 p.m. eastern time. we are told that none of the passengers from february's trip will set sail today. although, a cruise line official tells me many of them have in fact already cast in their vouchers for the free trips they were given on other carnival cruises. all of the bad press that carnival received in its first

quarter, the earnings right around the same from this time last year. the industry as a whole, royal caribbean's earnings are up about 64%. despite this incident, people are still packing up and setting sail. connell: surprising to us, but people love this kind of stuff did the new york city housing market so hot at this point -- cheryl and dennis with the ceo of coldwell banker. dagen: making money through innovation. the founder and ceo of shutter stock. ♪

no i am cheryl casone. dennis: i am dennis kneale, the dow up 54. with all the volatility is the time to change your investment strategy? we want to hear from you with our twitter talk of the day. cheryl: stormy weather from washington literally and figuratively, latest on the tour into recession threatening airports and power facilities in d.c. and all over the east coast and the storm with two commercial committees holding hearings today. dennis: new ideas on a week-long look on people and business making money through innovation, self-described serial entrepreneur, c e l f shutter stop. nice. cheryl: stocks every 15 minutes. on the floor of the stock exchange. and it is only new. >> you look at what is going on with futures and global markets.

and the trend remains. and and the up trend in place. and a pull back, uptrend, still in place. green, the nikkei sold off, and economic news and retail sales back above the 15,000 mark. the fear index with the down arrow. dennis: with more on the market's charles dean, and the chairman drew kneale, is the rally fuelled by japan and the u.s. economic recovery, but given the crash in japan should

be worried about a similar situation here. is it still over? >> the japanese had a deal that was pretty good. and we are never saw it as a concentration presently. and to get further diversify and developed markets, this was a time because overall we have a bias towards equities, you have more in equity, this is good news for those -- dennis: what percentage roughly overall if you have a couple percentages in cash what is the percentage in cash? >> actually, our cash number probably runs 8% overall. dennis: 8% overall. dennis: one of the most confident pull out there.

and -- >> it is 20%. >> and salivating with the pull back. i like having cash on hand. a doesn't change fundamentally what you buy, focus on great companies whether they become cheaper. and the japanese question, people who say our market is only because of fed printing, it is done in the printing press. and tentacles around world which is what people looking to buy. it was up 50% year to date. that is in for japan, does it go down from here? >> it bears watching. and back to what charles is saying, you have a marvelous,

middle america is your greatest developing market going on right now. we have this abundance incredible source of energy whether it is natural gas or coal, we are in such a great position and for the first time in years we had labor competitive with coastal china. talking about manufacturing renaissance that is about to happen in the united states so for now the portfolio is overweight, and i want to balance it with further equities, you need to be well diversified across the equity classes. our stock market is up, america. >> every time i think about -pdiversifying and gold goes do and bonds, and a cheap is that questions in the world.

ended the d-backs of of that, a legal allow this miracle with natural gas and fracking and all that ii we allow that to continue we are going to bring back manufacturing. natural gas get $16, $4. that gives us a competitive edge that we can compete with anyone in the world and couple that with great workers and everything else, they don't upset the apple cart and as far as gold is concerned, 5% or 10% in your portfolio i prefer gold coins but this whole year thing, and some of the americans miss this amazing rally and so many continue to miss it for reasons that have nothing to do with stock market fundamentals. dennis: markets like to climb walls of worry and wall street constantly worried the fed will tiger back on lose money policies and the market goes up in the u.s. for the rest of the year. let's see bold prediction, don't just tell me a bear is watching. >> i think stocks of the place

to be. the wall of worry about interest rates. and last year we earn your cube on fixed-income, this year you are probably lucky to earn your queue on. investors, the rotation is going to begin at some point. no one is going to ring a bell but between now and two years, it will happen. stocks as an asset class, if you look at pension, ownership, they are -- when the rotation begins it will be something to behold. dennis: thanks for being with us. cheryl: that leads to our question with wall street and leslie on fed the during the you changing your investment strategy? let's talk those up. veto on my twitter streams as get a look at bob backs on the market.

and investing looking forward to discussing on the air, and next tuesday. dennis: and 140 characters. good job. cheryl: let's move on there are serious some clouds. end across much of the country and the same scandal happening, fox business team coverage, rich edson at reagan national airport for the latest. first to peter barnes on capitol hill with up-to-the-minute details on the n s a leaking story. peter: fbi director robert muller testifying before the house judiciary committee on the leak and is a programs, edward -- ed snowden, fbi director defending the program and saying they stopped individuals who wish to harm america, had they been placed it at 9/11 that

would have helped stop the 9/11 plotters. take a listen. >> the simple fact of their detention could have derailed the plan. in any case the opportunity was not there. that opportunity would have been there. and i am not persuaded. it is not ok to collect every call. >> that is some of the conversation we are hearing, discussion we are hearing at the hearing today, and with the they are going too far, and didn't administration to strike the proper balance between those and defending the nation on national security with these programs. cheryl: peter barnes on capitol

hill, thank you very much. and that reagan national airport, travelers are trying to get out of town ahead of this massive storm and it is really, it is raining in new york but certainly coming down in d.c.. peter: we are in between storms. we have a thunderstorm or two pop up every once in awhile but we're waiting with this afternoon's event. we are seeing delays i guess probably around an hour or so in the d.c. area, big delays at la guardia airport, 2.5 hours, newark two hours, the little that our 20, all three d.c. area airports on the grounds, a few hours ago because of this massive storm line that will through the washington kerri and we are right in the middle of storms. you see it developing right now, another line coming in the midwest and on its way to the washington area, you are still experiencing the first line over the new york gary and that

second line, the one we're getting between 3:00 this afternoon, a:00 this evening, that is the damage in one. the office of personnel management dealing with all federal workers, they have given anyone unscheduled leave, if he haven't taken today off, and you can work from home, and any event last year, folks without power, we won't know and dylan arrived. >> we are going to have to say it, how do you pronounce it again? >> i don't know, is that right? cheryl: nicely done. >> a thick accent on it.

gerri: that is the big debate among news anchors, rich edson, thank you. of full report from them major storm coming. dennis: a like to when they named the leader in. they tend to blow up. just a bunch of rain. in the tv business if you include the debt and broadcasting detail ahead in media minute. cheryl: real-estate so hot in new york, one big name roker is getting in on the manhattan market. major deal starting up, coldwell banker exclusively, take a look at the oil contract '95, '96, they have not moved out of that range, we have not moved out of that range awhile. [ indistinct shouting ]

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cheryl: we're of 15,041, and

dragging today. those retail sales numbers helping us in the overall market, we had a red opening thanks to japan in overseas markets but turnaround, at&t leading the way. dennis: we are t a quarter past the hour and as we do every 15 minutes let's go to the stock exchange with stocks. nicole: just reading on the internet and reading about apple with new iphones, multicolored with bigger screen and the smart phones are so competitive, blackberry, the demons for the latest blackberry, and 5.7%, and they looked at the company's numbers, and a $17 stock at $14 a share. after the research they did in carrying out its research, and they're selling well. and sold out five million devices that use the blackberry

operating system. and what they have found they have increased their earnings estimates 4-1/4. and society general is -- cheryl: we will see a bottom of the hour. we were talking with rich edson, severe weather making its way across the midwest to the east, but that conditions in atlantic city earlier today. let's bring in from the fox news channel, probably going to be spending all weekend long tracking these storms. >> this weekend looking great. we have these storms today, a bill left over tomorrow. those are -- with get the 24 hours, storms moving overnight, the first batch of it xing areas of the atlantic.

another want to deal with and this is all the storm reports, a lot of strong wind causing wind damage, 18 reports of tornadoes yesterday, no reports of tornadoes today but we might see that later on. the yellow where we had a chance for severe weather but the bullseye, moderate risk of severe weather finding read from philadelphia down to the north caroliia of/virginia border. anybody there this afternoon we will see more eating wiih these storms, but for the next batch of storms moved in and that is why we are dealing with, states, kentucky and west virginia had severe thunderstorm watch in effect until 2:00 p.m. we will see a brand-new one posted here to the east of that. i will get an expiration time on that soon. to the north of this heavy rainfall, we will be talking about 4 to 5 inches of rain foo some folks here at big-time

flooding concerns. gerri: on the new jersey coast in time for the weekend. >> the flash flood warnings from west virginia and arnings going on across the big area. we have a lot of rain recently so the ground can't cover much more of that. cheryl: thank you for that. dennis: retail sales of more than forecast. we will take a look at house years is doing and go live. cheryl: what is coming up next? ideas. and business insiders, one of the five coolest people in new york technology, the founder and ceo, that stock up 2% in its ipo 200%. my mantra?

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>> 22 minutes past the hour, this is your fox news minute. louisiana emergency crews at the scene of an explosion and fire at a petrochemical plant near baton rouge. injuries are reported. the williams company's plan makes highly flammable gas. in philadelphia city inspector rejected bill in a month ago remembered the fort collapse, killed 6 people, has committed suicide. last thursday a four story

building crumbled into salvation army store that was there and clean operator was also high on marijuana at the time of that collapse. the democraticalll led senate killing a strict border security amendment, the measure from a gop senator chuck bradley would have prevented illegal immigrants from taking steps towards citizenship until the u.s.-mexico border has been under control for six months. that is your fox news minute. new ideas, a look at people and companies making money through innovation. joining us the man business calls one of the 5 coolest people in new york technology, the founder and ceo of shutter stock. serial on for burn or but first we got to say you are back on the day your company went public in october, stocks of 200% and still continuing to grow the company. >> we are doing 1 seventy

million last year and growing 35% year. cheryl: let's talk revenue which is the fun part, $169 million in revenue. how is this looking? >> it looks great. we came out with $50 million in revenue, 20% even margins and growing 35%. all businesses need images to do what they need to do every day. cheryl: this is what you are doing. you saw a need for images you thought was not being filled by the associated press or these other companies, you felt, shutter stroke -- at stock is the stock for images. >> i started a couple companies before shuddered stock anytime i needed an e-mail, it was very hard to find images. cheryl: it is your own experience? i need an image and can't find it and i will start a company. what about backing? do you have a hard time initially selling the idea because many viewers have great ideas and don't know what to do with it how did you get other

people interested in your plan? >> wasn't easy. i had to do everything will job by myself, i shot 30,000 images and program the web site by myself and did the first customer service e-mail, just did what i needed to do to get the company off the ground. cheryl: what would you advise someone, what advice would you offer to someone that wants to start their own company because it is scary, you are someone who had success in the past but to start your own business and get the loans and quit your job in some instances is kind of a frightening issue. >> exactly that. go out and do everything will part of the job you can do yourself so when you go to hire people for those positioos you know exactly what you need to hire for. cheryl: you are also doing online learning which has become a huge industry, you're seeing a niche in online learning that you are expanding the company on. >> we found we are pretty good at creating high-volume market

places so we decided to try out market place for learning, we collegeeskills seat and anyone consult their tutorials and pay $19 a month to learn about what ever skill they are missing for their job or the next job they're looking for. cheryl: what kind of thing the you learning? >> started with the design products like adobe photoshop or illustrator so these tools are changing every year. peter: six months a new version comes out so if you need to learn a new brush, that new modification to an image or how to filter and damage. cheryl: is it just technology or the other things? to my garage at home.an addition learn how to do that? >> the great thing about the marketplace is they are driven completely by demand so with people coming in and want to that content we will see that information back to contributors to create that content. cheryl: how is my ipad?

congratulations on the ipo. the company did well and here you are a publicly traded company. dennis, over tea. dennis: i would like to talk to harry shave. coming up later, what your man cave needs, its owner of pressure, the co-founder of that manley idea coming. cheryl: the new york city housing market topping so high that one real-estate company is returning to manhattan. we had an exclusive interview with the ceo of coldwell banker coming. dennis: look at the s&p winners and losers. we know a place where tossg and turning have

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dennis: 30 past the hour stocks every 15 minutes looking for some movers. nicole: easy to find some movers on wall street, markets higher, a lot of action, an ipos, let's look at these movers we have been talking about. and canadian assets and with that it is up 7-1/4% so they're getting money by doing that, $5.7 million in this deal, credit suisse liking a $26 price target, and trapped in the gulf of mexico back in action again and taking passengers for a ride and operating, apple as i noted, bigger screens, low end prices, seeing that up fractionally and the ceo and from season looking good. calvin klein to name a few. shea gerri: the older they get the

more the problem will be part of your life. kicking it back to the big city coldwell banker announcing a partnership with manhattan residential real-estate firm belmont group giving coldwell banker at the president of manhattan the hottest market in the company, and an exclusive interview. thank you for coming to fox business first by the way. this is a huge partnership, one of the most high end agencies in new york, you saw and opportunity in manhattan. >> it is a great day, and it is important under leading international brand to have a strong presence and the most international city in the u.s. and that is manhattan. cheryl: was this third by activity in the last year, and multimillion-dollar sales that

are going higher. >> the recovery always leads us to grow opportunities. and more important than anything else was making sure we had the right partnership, this was in the great company. cheryl: we should say that you have got 82,000 agents, you are international. and talk about the rest of the country, we saw foreclosures pick up a little bit. april was that a 75 month low but other than that are we missing something? >> inventory stickups lately, and between the country and manhattan industries increased the demand, the absorption is fair. having more buyers than renters than available right now. and was noted by some already,

the reality is the banks see a great opportunity to get the highest possible return right now because of the low inventory and the fact that prices have been continuing to increase according to an a are medium price for 14 straight monthly cheryl: the banks picking up foreclosure activity? maybe those homes a different clothes on? >> when you think about the foreclosure process many of the homes that taking possession of have been in the foreclosure process for a while. is an issue of stalling them. if you look at future health of the market the amount of delinquencies of mortgages in the last few years is down substantially. the best part of it is we are not having future issues with foreclosure. we are addressing a problem created from the last few years not going forward. cheryl: let's talk about mortgage rates, we have picked up again. six 3 weeks higher and the lot of talk about the fed beginning to pull back their bonds by gay

activity. does that worry you? do you think those interest rates can stay at this level? >> people are surprised by the increase in interest rates to remember what interest rates were, and incredibly attractive environment. we know that this has been highly influenced by fed policy but one of the things that makes the most confidence is everybody in washington understands you can simply not ensure continued economic activity without continuing recovery in housing so it is going to be a very deliberative process and thoughtful process in terms of any future discussion. cheryl: i hope the fed takes no time. we hope they are but thank you very much, the partnership if you will. >> it is a partnership. thank you very much. cheryl: glad you were here to break the news. dennis: remember the sequester? despite spending cuts and tax hikes consumer confidence in retail sales are on the rise.

jeff flock is live in chicago with a close-up look at sears's own brand of tools, craftsman. my dad used those. >> a lot of dads use them particularly around faw this they, the president of craftsman and can more with us, something called the craftsman experience in chicago. these are rooms, almost 8,000 schools if you count the industrial ones. >> exactly right, 8,000 covering a wide range of categories, everything you can imagine in lawn and garden, hand tools, pull storage, power tools, compressors, anything you could want. >> this is one of the bright spot for sears, sears had some difficulty, the stock has been beaten down but they are up today but these core brands, the craftsman, ken more, the die hard is the guts of it. >> the absolute guts of seers and when you look at these brands, kenmore 100 years old this year, 85 years old,

craftsman turns off, they have been around long time, we have great passion among our community, people love them. >> before we get away i am watching rob, a master craftsman here, you are selling seer's tools, craftsman tools outside the walls of sears stores. how is that going? how is market share going with that? >> it is going fine, but our focus is getting our products into the hands of the user's. is not about getting on everyone's shell from a distribution point of view. >> i have -- is this song? >> going to do some writing before we go. michael making clear their strategy, go ahead. do your thing. their strategy which is not to put their tools out everywhere but try to engage customers, figuring they will find a craftsman. you point out your dad probably used one. >> you should too.

thanks very much. dennis: he is not happy unless he has a helmet on. cheryl: never mind the -padrenaline interview. put your goggles on because i have work to do. dennis: the office of safety will step in. cheryl: and the analysts will of course. microsoft is looking to boost its sales by partnering with best buy on a new in store concept. the lexus of windows cfo joins that a mandatory at the top of the hour on fox business in 20 minutes. dennis: do you really need retail presence but apple is doing its of microsoft has to do it, air freshener for men? you heard that right, new ideas continue and that is next. cheryl: and a record year for solar panel sales, detail ahead on the west coast minute. as we go to break take a look at the ten year or 30 year treasury. if you've got it, you know how hard it can be to breathe

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dennis: a iv varsity series of new ideas next guest created air fresheners for men and maybe women who fancy manley cents. joining me now is the co-founder of parter air superiority. thanks for being with us. just to try one of yours, this

is really retro can, really kind of manly and frankly it doesn't smell that great. it smells, looking for popery. tell me about your manly cents. >> they are inspired by masculine situations. we have hunting lodge, distiller, they all embody these kind of idealistic aspects of what manliness can be. obviously it doesn't smell like a real car but it smells like charred oak and suburban and hunting large cells like timber and hard stones from the fireplace. dennis: it is a great idea but i would imagine in that the breeze air freshener market, i would imagine women by far more of the products than men do. are you going after by definition a limited market or do you want women to buy it? >> we are designing it for men but we are finding women are

licking it too. the air freshener category, the industry is $1.5 billion industry and it is pretty much all marketed and targeted towards women. one day we were sitting around thinking and air freshener or like the smell of, they all smelled like cinnamon apple pie, butterfly wings and stuff like that. i don't like thaa smell. we made jokes at first what it would smell like and then stopped laughing thinking is a huge industry, why not try targeting to guys? dennis: tumwater locker room is the next century will come up with. the next one is archer hunting lodge, for this product and you got a bite in the ad where the tech says her eyes said no but what is it? but -- sold it seems like we are kind of in the middle now in consumer products in unmanly mean, you have seen those ads for what is it called speights where the guy is being very

manly, are you surfing that manley mean? >> i think so. if you look ten years ago guys were all using bar soap and body wash and mail trends arbuckle ten years behind women. and an air freshener before anyone else did. dennis: $20,000, $100,000 coming in, brand new, you are onto something and i think a big year freshener company is going to buy you. good luck. >> thank you. dennis: we wrap up our new ideas series tomorrow with two power house guest, the ceos of i robot and aig's list tomorrow at 12:00 eastern. cheryl: time for west coast minute, solar installations, in 2013 when california led the nation. 408 new installations of solar

electricity power generation went up. most of it was done by power companies but residential solar installation were higher, calif. beat newwjersey and hawaii for the top spot. speaking of hawaii is the most expensive state to live in, dwarfing places like new york and d.c.. data from the commerce department shows people from hawaii paid the most for things like rent, gasoline, food and power. one standout, $1,300 a month, according to the u.s. census, mass overall. we just got an update within the last hour on those fires raging in colorado. 360 homes have been destroyed in the colorado springs area, the black forest fires still lot of control and has covered 8500 acres. officials say will increase by 3,000 acres most likely today. that is your west coast minute. dennis: time now for stocks, let's go to the floor of the new

york stock exchange with ben willis of albert fried and comforting, good for the economy, retail sales climbing more than expected. what do you think? >> consumers doing the job the fed would like them to do. if it is any indication driving through new jersey, shopping center capital of the world the traffic is extraordinary during the week and the weekend. that to me is one of those a known indicators if yyu will but the parking lots are jammed and route 17 is a mess. the numbers certainly hold true for me. dennis: even as amazon sales continue to grow as well. good sign, thanks very much, ben willis. cheryl: all right. let's go ahead and take a look at gasoline futures today. getting a boost from retail sales, phil flynn is standing by in the pits of the cme. you said the worst was over rising gasoline prices. what is going on? >> i get struck by lightning. better not say that. god is mad at me.

every time we see the midwest, we have had one refinery issue after another. julius, you name it, it has all been done, they were all up and running, gasoline prices were supposed to come down, that major storm came through, lightning on the refinery and shot that down giving us a boost but what is really going to happen is the retail sales number. a lot of people bought a lot of cars, most bought teslas putting gas in those cars so that too was reported to the market. the editing was gasoline, crude, really kind of a mixed bag. it has been heavy but holding up today with strong stocks. back to you. cheryl: phil flynn and the pits of the cme. boeing, big black eyes for boeing, 787 dreamliner. japanese airlines, two japanese airlines have a problem with the deicing system tuesday. one day later the flight was grounded when the right side engine would not start.

i want to take a look at the engines today because as you can see there are companies that are piece of the engine story and rolls-royce is one of them, already in constant contact with those two japanese carriers and g e another component of the engine and all this coming as airbus is debuting the a 350 coming up tomorrow. a lot of problems looking at the engines and can't forget the battery, talking about this tomorrow because the battery problem is kicking off a rough year for boeing. tomorrow we are going to look at the crisis that boeing and what it means for the brand and also the stock. we have robert dillonschneider and howard, jeffrey's managing director and aerospace analyst joining us tomorrow and taking a closer look at what makes up a crisis at boeing's, and get out of the crisis. dennis: and $2 billion deal in the tv business, the largest

donor of newspapers is buying below broadcasting, detailed in the media minute. woulyou mind if go ahead of you? instead we had someone go ahead of him and win fiy thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're speal anymore, you need an ally. ally bank. your money needs an ally.

dennis: newspapers are dying, and gillette owns 82 of them, more papers than any company in the u.s.. what to do? by tv stations. kinect's deal for belo doubling to 43 sentence reaching 1-third of the nation making its pulling is the fourth largest tv station group in the country, 21 stations in top 25 markets, adding $715 million in belo talking to billion dollars, belo stock soaring on the news, the offer of $13.70 per share, premium over yesterday's's

quote, big surprise, a over 25% on that news and the acquired stock falls so it is already the largest owner of nbc affiliate stations not to become the largest cbs affiliate group as well and bell of $0.50 a share in earnings in the first twelve months, of the present increase of what kinect and last year. days, the newspaper group and look what happened in the past few years, broadcasts brought up 40%, the newspaper company down 40, up now too flat. no wonder it is doing this deal. cheryl: a lot of speculation and chatter among analysts that could potentially be underpaid and there is so much talk about television dying but this type of deal shows you when it comes to local broadcasts there's still money to be made and the market out there. dennis: 5 better than newspaper. cheryl: that is a whole

different story. goldman sachs ceo lloyd blankfein at a political event was asked about the question and every investor's mind, what is the fed's ex that plan and here's what he said. >> hard to change interest rates because even if the fed wants to change, its interest rate slowly at the first indication of the change, the market will change quickly and that is one of the major exposures everyone has to changing interest rate with the market reacting and people caught up in 1994 because that is what happened. if you want to handles that in the best way you create a little bit more uncertainty in the market, you say i think we could be out of q e september or october or december 1st quarter, maybe later or sooner, that kind of rattled the market in a less aggressive way. dennis: this ties into our twitter question with wall street endlessly obsessing over the specter of fed capering, and

garage's economy is doing better than earlier, purchase equities between 50 and 1600 and i know that guy and he is smart. cheryl: texas got to catch a dividend paying state stock, going up in it too. dennis: you crazy cat. cheryl: you love dividend paying stocks. can't blame them. dennis: a major deal bringing tech closer to your neighborhood, microsoft windows cfo joins adam and glory on the new store concept at best buy. cheryl: it is believe it keeps going, lou dobbs going to be coming up as we learn new details on the nsa whistle-blower ed snowden confessing to china right now. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accots

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adam: hello again, everyone, i'm adam shapiro. lori: i am lori rothman.cc7 the japan nikkei plummeting overnight. former fed insider here with the global market weighing. what the banks will do next. adam: the tech heavyweight microsoft reveals it his new pls to compete teaming up with best buy. microsoft windows ceo on the new strategy just ahead. lori: that will be good. and lou dobbs on what snowden is time china now. adam: five people dead, more than 5000 injured as a turkish prime minister issues his final warning to protesters. we want to check how your investments are doing. the floor of the new york stock exchange, nicole petallides, the dow is at session highs.