$100. today, up five 1/2%. david: $89, about a year-and-a-half ago. [closing bell ringing] bells ringing on wall street. what a way to end the week, folks. look at this. happy friday to you. markets are saying happy friday to stocks. all the indexes are above 1%. nasdaq in particular up more than 1 1/2%. the tech stocks doing extremely well today. great way to end the week. a great way to end the past two weeks. liz, i think we got a winner here. liz: we sure do. time for your front page headlines. we begin with breaking news. treasury secretary jack lew says the u.s. is taking emergency steps to stay under the debt ceiling. he says he is not confident those measures will last beyond, here's the date, february 2th. david: well today's monthly jobs report profit labor department shows the economy added only 113 jobs last month. that is lot fewer than expected. unemployment rate dropped one tick to 6.6%. liz: "the financial times"

reporting ibm ceo virginia rometty is exploring the possible sale of the company's semiseparate business. this comes two weeks after the ibm agreed to sell its low end server business to chinese lenovo. david: google may own 6% of lenovo once the according to filing at hong kong stock exchange. that stake would be worth about $750 million. liz: go pro, the video camera company so popular among extreme athletes and skiers is going public. it is filing for so-called confidential ipo which allows companies in less than a billion dollars in annual sales to keep financial information private until a few weeks best stock begins trading. david: yes. those sochi winter olympics in russia are officially underway after today's opening ceremony amid extremely tight security. a record 88 teams are participating including team usa which has 230 athletes. we don't know whether all the seats will be filled.

"after the bell" starts right now. liz: what a way to end the week. david: a good day. liz: especially in light after very weak jobs number. let's break down this week's action. tom lyden, an editor who tells us the best way to play volatility and jeff saut, raymond james chief strategist tells us how to make profits in a slow growth environment and bill streible down at cftc. we have different headlines propelling this, by the end of the day you see what a great week it has been for the bulls. >> yeah, i mean what an amazing week. the thing with the jobs number, we all set these expectations and i think the reality is, you have to look at change from month over month. we're seeing 50% increase from last month. i think because of that kind of movement up, i think it got a

lot of optimism. we started seeing some emerging market problems, those start toddies sis pate. people -- to dissipate. way it was anticipated because of some uncertainties but i think we have a firm footing right now. i think a lot of shorts came in covering the market. look at the move. it face nominal. david: it takes a strong man with a lot of nerves and steady hands to live through these shaky times. you have all those things though. you're a very patient man. you've seen these ups an downs before in markets similar to this you were a bull long term but you still don't think we've hit rock bottom in terms of this pull back, do you? >> well i think you had a rumor go around trading desks yesterday that the number would be 300,000 on the non-farm. david: it was a whisper. it was wrong, dead wrong. >> it caused a lot of% short-covering. you broke the market out above key levels. caused pile-on buying.

i still think you get a peekaboo look above 1100. whoever they are i think they try to pull it back down to go thro process. longer term i think we're in secular bull market that has years to run. liz: let's get to tom. you're the etf guy. do you agree with that assessment, secular bull run continuing after already maybe going on for several years at this point? >> well it is and it has been a great couple of days as you point out liz, for the average investor who had that queasy feeling in their stomach over the last four weeks. we've seen some great trend as far as flows. money came out, over $10 billion in january out of equities but many of that, much of that money went overseas into europe. so europe is really hot right now and also gave investors a great buying opportunity if they had money on the sidelines to get in, especially corporate bond. corporate bond had a nice correction. so high yields and corporates

have great opportunity as well. liz: so you believe that's an opportunity. what is the best way for the investor to play that then? >> yeah, a couple things. the pimco hys zero to five-year duration. short duration is key. also the proshares hedged treshthink which is also very, very importanttfrom a high yield standpoint, bring that duration down to zero. hyhg. finally as we talk about europe there is opportunities there too. david: phil streible, i don't mean to throw a fly in the ointment here but we have oil now at triple digits once again. just traded over $100 after the market closed, nymex closed but what are we going to think about this? there is the potential, it has happened before, it is trading, that is where it closed. that is after-hours trading above $100. is this going to continue? that can be a drag on the economy? >> yeah, it can be. i mean that is stuff we always

talk about every time we see triple digits. are they going to release from the strategic petroleum reserve, things like that they start discussing. i think this kind of move is temporary. some of the refineries are shutting down for maintenance purposes. with that we've got such cold weather coming through, the heating oil demand is really high right now because of that. you know they used crude oil. crack it in the heat and crack it into gas and you're seeing that heating oil premium continue to rise up. gasoline prices are going to rise right in tandem. same thing with crude oil right behind it. once refineries come back online. that is what you have to watch out for. you have to watch out for when we have normalization and stabilization in the weather. then it all starts to come back down. liz: jeff saut what should investors be buying right now? it's a very tough market to anticipate? >> well, these kind of pullbacks for the well-prepared investor present opportunity. we in essence timed this. i've been on your show a number

of times in january the timing models called for a pullback, starting late january and early february. and we're here. so, i think in the low-growth economy which think we're going to grow 3% this year and 4% next year wall street will pay up for growth. growth stocks tend to be clustered in tech and health care. those are trading more than one standard mediation below their historic median valuation and in terms of technology, 22% return on equity versus s&p 15%. david: we see two techs and two health care stocks on top. tom, the s&p moving average, thankfully we're above the 200-day moving average right now but what happens if we fall below that? do we begin to cash out some of these stocks? >> i think naturally that's going to happen, but fortunately, as you point out, david, we missed it by 3%. so 2 or 3% moves we had the last few days we're 5% above enough of a cushion. the big growth story will be

overseas though. developed nations especially europe. the key is, watch the currency because the dollar will be rising. currencies like the euro will be declining. that can eat away at your appreciation. liz: does that make you avoid certain countries, tom? >> well i think developed nations, especially i go to europe right now. there are some specific etfs not only invest in those areas but they will hedge against the your currency. so it will translate into dollar terms. very innovative. the great thing about the etf business is continues to provide great choices for investors and disciplines within their hedging strategy. david: tom lieden, jeff saut what a pleasure to have both of you on. have a terrific weekend. phil, we're not done with you. we'll check back in with phil when the s&p futures close in a second. liz: news that apple wrapped up the stock buybacks is making huge headlines and moving the stock higher. we spoke to a man who spoke

exclusion live with a rare interview with apple ceo tim cook. he broke the buyback story. david: the man who moved markets. is today's disappointing jobs figure enough to change the direction of the fed's tapering? dallas fed president richard fisher told us one data point will change his mind. do economists feel the same way? tell us what you think. do you believe we'll see the fed put tapering on hold? send us a tweet @ fbnatb. your answers later on. ♪

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finally soone's recognizinme with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what in ur wallet? i need your timesheets, larry! liz: it's the tale of two social media stocks as twitter rebound today, falling relatively dramatically yesterday. facebook hits new highs. let's head back to nicole petallides. she is on the floor of the new york stock exchange. nicole. >> liz and dave, look at these two names. twitter this week has been to the downside, about 15% lower but bouncing back today in a nice move up 8.6%, closing at 54.35. and facebook hit an all-time high today of 64.57. so it too up 3 1/2%. you see the social media stocks doing well today. they have had a contrasting week

as we've noted and you had pivotal commenting, even on linkedin selling off due to weak guidance, twitter is ash marketing vehicle capable much sat fighting all kind of marketing goals and liking twitter and thinking it is overvalued. we're watching all the social media type stocks. for the most part we're seeing social media doing quite well on will wall street. have a good weekend. david: you too, nicole. let's head back to the phil streible in the pits of cme. are traders holding on to positions over the weekend or what? >> looks like we're seeing a lot of short-covering into the close. i expect when monday comes around we'll see a push through 1800. but the big focus on monday, over here in chicago we'll be shifting to the crop production report. keep eye on things we eat, corn, soybeans and wheat. a lot of volatility there. liz: phil, good to see you. have a nice weekend. thank you so much. >> you too. liz: shares of apple ending the day in the green thanks in part to our next guest. he had an exclusive interview

with ceo tim cook, who doesn't give a lot of interviews. he told him the company is ramping up stock buybacks. david: with us to talk about the independent interview is daisuke from "the wall street journal." great to see you. we haven't had you on before. about the buyback, that was really the biggest nugget of information you got out of the interview. i'm wondering if tim cook was willing to admit or if you felt in any way he was pushed in that direction definitely by carl icahn? >> no, i don't think so. you know, i think tim's point of view has always been the company is trying to do more about returning cash to shareholders. i think it's not a coincidence that maybe that the announcement or that the fact they resealed this to us at the journal happens, you know, a couple weeks before the shareholder meeting where mr. icahn's proxy proposal is on the ballot.

liz: i want to believe you but i look at this i think, apple never bought back shares before. it just wasn't in their company genetics to do so. they, they're like buffett. don't tell me what to do with my cash pile. then suddenly they're doing this. how can you say that carl icahn being very loud about his beliefs and almost threatening in a way, had nothing to do with it? >> well, i think i mean that's, again this is like apple's perspective, right? who knows. i mean i'm guessing, mr. icahn's pressuring had, could have had some influence but you know the company has bought back $40 billion in stock over the last 12 months. you know, tim cook told me that is the most that they ever ever seen any company do in corporate history. liz: that was under steve jobs, so just to clarify. but yes, they have presented some buybacks lately. >> right. and certainly, they have been more aggressive on that front. and i think, you know, they

realize that this is something that is not an issue that's going away, right? they're still making, for all the concern about kind of slowing growth at apple, they're still making, generating tons and tons of cash every quarter and it builds up and they have to do something with it and trying to disperse it in the most efficient way possible. david: daisuke, there is the perception out there, and i'm a stockholder of apple, i must admit that i have a little bit of that perception as well, that apple's best days are behind it. the steve jobs days are gone for good but it will never be what it was. how does tim cook fight that perception? >> i think there's going to be a few big things coming up. you know he talks about new product categories. certainly there has been speculation about whether it is an iwatch or television many some sort. they are very secretive about their products. david: daisuke, what i want to get into is his mood.

does he seem beaten down by this perception or is he facing it head on? >> no, i think it is optimistic. this is my first time talking to him, so it is hard for me 20-gauge if there's been a change in the mood. he seeps optimistic. he seems like he was saying he is happy where the company is. he talked about how they are doing a lot in emerging markets and how they're growing in that area. he talked about a lot of kind of one-off headwind they had during the quarter. you know, the weak, the strong dollar hurt them in a lot of overseas sales. you know, i thinks the iphone still has a lot of growth ahead of it. to me seemed optimistic. i don't know, what he seems like every day but today he came across as optimistic. liz: well, okay. now what? what does apple need to do, and what about, did he give you any insight into apple tv or some type of dramatic product rollout that is coming up? >> yeah, he didn't. this is, you know, this is

apple's mo, right? they're not going to preannounce something they want, that their big thing they want to surprise people when they make announcement and it is getting harder and harder to do so because the supply chain talks and all that kind of stuff but the fact is you know, i think he is looking at a bunch of new categoriesries. he said they're doing great things. he wouldn't go further into that. he, whether that constituted improvement on existing products or if it meant services. and he didn't, he wouldn't elaborate. but he said any reasonable person would look at this and think it's a new product category. liz: there, you got that out of him. david: he is our brother at "the wall street journal." thanks very much, daisuke. liz: great get. >> my pleasure. liz: activist investor daniel lobe, actually he had a very good return on his hedge fund but he has a few controversies during his wall street career. who could have imagined he would incur the wrath of one of the

country's most powerful teachers unions? next we're asking the american federation of teachers president randy winegarten why she got lobe's high-performing hedge fund booted from rhode island that would have benefited teachers. david: it is 50 years ago today when the fab four arrived on this side of the atlantic. fox biz's resident beatles historian. i won't tell you who he is. you know him when he wears a different hat. he will take us back to this historic event. guess who, coming up. ♪ welcome back. how is everything?

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david: time for a quick speed read. some of the day's other headlines, fire stories in a minute. first up, u.s. fund had record high inflow into bond and outflow from equities last week. investors pulled a total of 28.3 billion out of equity fund and poured 14.8 billion into bond funds. charlessschwab is planning to move a thousand jobs out of san francisco next three to five years. the company is moving out of there because of high cost of doing business and living in the bay area. listen up on retail giant will cut nine bucks off hdx model, 30 bucks off 16 gigabyte tablet and $30 off kindle fire hd. newsstands sales fell 11.1% from a year ago. on the flip side, digital editions were up nearly 37% over same time period with a total of

11 billion in sales. bitcoin atms are spread all over the world. singapore is getting first bitcoin atm but the location is to be revealed. i think they gave me extra second. [buzzer] liz: let's get to a this fascinating story. public pension funds nationwide are jumping into hedge funds looking for higher yield and better performance, the pension fund in rhode island dumped daniel lobe's fund. state treasurer dumped third point following pressure from a powerful teacher's union, american federation of teachers, aft. were why are they giving daniel lobe the boot when his performance is so good? wouldn't they want that? randi winegarten is joining us. thanks for joining us. >> great to be with you.

liz: what don't you like about rand -- daniel lobe? >> let me be clear i read about the rhode island funds just like you did. there were no pressure on the rhode island fund whether they drop or don't drop dan lobe. but what did happen is that the performance of his funds were about 10 points less than their performance of the s&p index and that would have been a whole lot cheaper to index funds to the s&p than to hire dan lobe. liz: let's get to the numbers. here is third point's 24.7%. he is the best performing hedge fund in the state. yes, at the time the s&p 500 was well above that. well, actually, around 32%, i believe as my calculations go. >> right. liz: but if you're going to put hedge funds into a pension fund, wouldn't you want the best performer? let's get to the elephant in the room here. the word is that you guys don't like daniel lobe and his wife because they donate to charter schools. and you feel that that is model

that doesn't care with the american federation of teachers. >> so again, another myth because unlike what dan lobe says, we actually started what has now become the third or fourth highest-performing charter school, certainly in new york city, maybe in the nation. so it is not about charters. it is not about dan lobe and his wife. i don't even know who his wife is. this is what it is about. last year we said to a bunch of hedge fund folks, including dan lobe, be honest with retirees. be honest with pensioners, don't try, if you're trying to both make money off pension funds and also trying to eliminate them, just make sure people know that as part of their decision-making process. we put a report out last april that listed several people who

both tried to make money off the pensioners and were onboard that is tried to kill these same pension plans. and that is why he is mad. liz: let me be very clear and get your position on this. should it be a key metric, randi, that you look into the personal donation processes or personal political feelings of a guy who is running a hedge fund or a woman, over what is best for the actual pensioners? if somebody has a great performance, shouldn't that be the key metric versus oh, they made a donation to something or don't support the teachers union or what we do. >> look, i don't, the issue is not whether they support the teachers union or not, you're absolutely right. the issue you can't try to make money off the same fund you're trying to kill. ultimately that is what, what dan lobe and others have done. so the, you know, he can do whatever he wants to do with, whatever contributions he wants to do. that is the transparency. because if you are a member of

the manhattan institute board, that's trying to actually eliminate the defined benefit plans, you should be telling people or at least it should be disclosed before you ask for money from those same defined benefit plans. that is all we were doing. liz: some would argue it is really the person who is running the pension fund. of course that would be gina romando, should look into that. this is continuing conversation. we love to have you back. >> thank you for having me. i really appreciate it. liz: we always put in calls to daniel lobe and third point. they tend to not do interviews. he is welcome on the program to discuss this issue and anything else. we always like to make it fair and balanced. randi winegarten, thank you. david: i'm sure mr. lobe would have something to say about that gained 113,000 jobs, more than december's gain. fell short of economists expectations. is economic growth slowing down or is there more to this jobs report than meets the eye?

natural gas prices come down since hitting a four-year high earlier in the week. as the warmer weather approaches what happens to gas prices? we'll talk to somebody with real skin in the game when it comes to natural gas. swift energy president bruce vincent. what is natural gas doing these days? we'll tell you. ♪ for over a decade

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afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from genetion to generation. because it offers a superior level of protecon. and because usaa'commitment to serve current and former military members andheir families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. liz: do you have any idea how much it costs to sponsor the

olympic games? usually one of the sponsors? usually $100 million for the company. you get a ton of exposure, correct? does the recognition translate into gains for the stock itself of the company? bespoke investment group put together a list how olympic sponsors done during the games from opening to closing ceremonies and track is it back to 1994. on average the three main companies that participated in all of the last 10 olympics have outperformed the s&p during that period. coca-cola seeing biggest gain, up 1.79%. followed by mcdonald's, gaining 1.69% and finally general electric, up 1.17%. the s&p average gains of just 1% during the olympic games over the past 10 years. so, david, you look at these companies, again, 100 million-dollars for the proctor & gambles and city groups of the world minimum, they don't like to talk about it but it is worth it. david: i see it for the super bowl. i wonder based on what happened with russia whether they want to

get a little bit of their money back. liz: there is tune-in factor. everybody wants to see what happens. david: today's january jobs report fell short of expectations. only 113,000 jobs were added last month. yet the unemployment rate did tick down .1 of a percent to 6.6%. is the economic recovery on track or losing steam? here to break down the numbers, jeff cleveland, payden & regal chief economist and todd buchholz, a former whit house senior economic advisor. thanks for coming in. the market is most interested in the fed and how they react to it whether they continue with tapering or stop where it is. this is a bad jobs report, that is the bottom line. a lot less than what is expected. wondering who this helps if fed? the hawks, like richard fisher say money print something actually doing more harm than good at this point, or the doves who will say that it is the tapering that i was holding down

job creation. who do you think wins in this battle? >> well, you're right, david, it was a pretty dreary report. that would tend to favor the doves. look, janet yellen, the new fed chair, will testify next week. and she's slightly on the dovish side of the fed. do i think it means they will stop the tapering? no. they will continue tapering. if we get another jobs report as dreary as this one i wouldn't be surprised if the tapering is tapered. instead of reducing by $10 billion a month, maybe the fed begins tapering by $5 billion a month. david: just slowing down the taper. we had a chance to ask richard fisher about all this and how the fed affects unemployment, jeff. let's play a little sound from that and get your opinion. >> right now the gross blunt figure of general unemployment is what is in our statement and what we're working off of. and i am in favor of further refining that. the question is, making sure that we don't make ourselves

thinking we can affect structural enemployment which i don't think monetary policy can influence. david: that is interesting thing. fed officials are usually more optimistic how they affect unemployment figures. he is essentially throwing up his hand and saying we can't affect it that much. >> i have to agree with fisher here after, five years of heavy doses of quantitative easing and we still have relatively sluggish job growth, the unemployment rate is still too high, maybe the answer here is that monetary medicine is not the appropriate medicine. maybe something else is, you know, the economy suffers from something else that is more structural. david: what would happen, say, for a moment, that all of the fed officials agree with you. of course they don't. they're a divided fed. say they do. they say, okay, we're going to stop, we'll continue tapering, even going faster than what we've been and be out of the tapering business by the middle of this year. wouldn't the market tank?

>> i don't think so. i really don't. i think that might be a best possible outcome. the market has become so heavily dependent on each and every fed statement. the fomc statement is now six paragraphs long for investors to digest. lots of things to think about. multiple caveats about if inflation is this or if unemployment is this it is too much. we need investors to focus on what thee do best, which is putting capital at risk where they see returns. david: todd, go ahead. >> let's not fool ourselves. the market, the equity market, the bond market, they like money from the fed. now maybe they shouldn't. maybe in the long run it is not a good thing. what i can't understand, david. is why so many economists and pundits were convinced the economy was strong at this moment. the economy has not been strong. christmas sales were awful. you know, there are three things over the course of the last year the american consumer has been willing to buy. number one, automobiles.

number two, homes. number three, greek yogurt. and the problem was, don't laugh, you go to my house. got three daughters and my wife, you open up the subzero and chibani rolls out on the floor. the problem, automobiles an homes are pillars that supported economy over the last year. what we've seen the last couple of months is a bit of disappointment in automobiles and housing. >> yeah. >> that ends means economy does not have strong pillars to stand on and pretty mushy this year rather than pretty vigorous, todd, the question is, whether the markets or companies in particular care much about unemployment. when certain companies, we've seen some big companies cut jobs quite dramatically over the past year. macy's american express, boeing. on the day that these companies announce layoffs we see their stock go way up. so there is a question about

whether or not markets really care as much about unemployment as they do about profits? >> well, i think -- david: go ahead, todd. >> jeff, if you want to answer. >> i don't want -- >> markets would be happier if we had a stronger economy. i think there's little doubt that markets prefer a vigorous economy. that is what we had in the 1980s. that is what we had in the 1990s. we created 40 million net new jobs over the two decade period and the markets just skyrocketed. so i think, i think we all have a stake in a stronger job market. we're just not getting it. as for companies cutting jocks or even moving jobs, you just had a report a few moments ago about charles schwab cutting jobs in san francisco. right behind me is a backdrop of san diego. a can be called web sense seemed to announce today it was moving to texas. dropbox may be moving from california to texas.

why? because texas is a more inviting place to do business. which raises this national question. is the united states of america at this moment a place where it is to do business? a place that is attracting money rather than repelling money. i worry about tax policy, budgetary policy. david: hold on a second, todd. hold on todd. that's exactly jeff what rich he fisher would say about america and how to get the economy growing to the point where we don't have an unemployment problem. he would say it is not the job of the fed. the fed can't do it. it has to be politicians making it cheaptory do business by lowering the cost of business, lowering tax rates. decreasing regulation. >> i think that's right. david, let's no overexaggerate the weakness of the u.s. economy. if you look at payroll growth, even though the last three months it averaged about 160,000. that is not horrible. that is not that dissimilar from

2011, 2012 and most of 2013. so we think, we are seeing moderate job growth, 150 to 200,000. that iswell better than the period from 2004 to 2007. so i think in some areas we're overstating the weakness. investors shouldn't focus on one or two monthly jobs reports too heavily. we have to look broader than that. to your point, david. david: quickly. >> is the solution more low interest rates? is the solution more quantitative easing? i doubt it. and i think five years of doing that and results is evidence for that. will the -- david: guys, i have to leave it at that we could continue this. jeff cleveland, todd buchholz. thank you for coming on. >> nice to see you, david. liz: from that hot, to this cold, the polar vortex may be taking a bit of a break, causing natural gas prices to come back down just a bit but the commodity is still up 16% so

far. it was the best performer last year. how is this impacting nat-gas produce officers we have one of them, swift energy president bruce vincent we'll ask next. david: how often do you pay attention to in-flight safety videos. more is yawn. one airline adding sex appeal to grab your attention. not a bad idea. we have all the details when we take you "off the desk." [ ma announcer ] legalzoom has helped start over 1 million businesses.

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david: natural gas price, well they have been on a role but they ended lower for the second week in a row amid forecasts for milder weather. despite the two-week drop prices up more than 20% over the past year. liz: how are gas producers changing strategies to benefit from the recent price surge? joining us bruce vincent, president of swift energy, a major oil and gas producer. bruce, i don't want to put words

in your mouth. are you changing your strategy or has nothing changed and you're continuing on the sail path? >> you're not really changing the strategy but higher gas prices obviously give you more profitability and cash flow and it is a way to allocate some capital back some natural gas plays, not just the liquid plays that the industry has been devoting capital to. for the most part we direct all of our capital into these liquid rich plays but now some dry gas fields you have have very profitable at these levels. david: most of our viewers probably don't know the difference. dry gas is almost one hundred% methane, correct? liquid natural gas is used more like things like our backyard barbecues, et cetera, correct? >> yeah. preferably you want to have oi, a liquid that turn into probain, butane, methane had associated gas with it. the profitability is much better

than dry gas. david: i want to get the difference. you mentioned oil. oil today is now trading over $100 a barrel. i'm curious how much you think it would be. that sound like it is a lot and it is a lot and translate into higher gas prices. how much higher would be it if not for the fracking discovery and natural gas, the plentiful amount of natural gas we now have? >> oh, that is purely speculative but i have heard people think without that technological revolution the industry has undergone it would be $200, somewhere in that area, it would be through the roof. the world would not be able to force all the demand that is there. you have to force out demand with price. liz: natural gas is strictly regulated. we're only allowed to export to countries part of free-trade agreements with the united states. if we open it up to everybody, some think it will have terrible unintended consequences what will it do to the price and your business? >> i think we're actually starting to approve some tolling

agreements regard to exports of lng in the 2017, 2018 time period that will actually be healthy for the market. if we don't export some and allow free access to markets, it will depress supplies and we'll not make the capital investment to provide the supply to america. david: i just also wondering, when i see a state like my own, new york, we're going through a credit crunch right now, yet we have a lot of natural gas and they're afraid of fracking. you know some people are afraid for good reasons but is there justification to those fears? and is there a way to frack without, while still allaying those fears and making those people rest more easily? >> there is no reason for that fear. we've been using hydraulic fracturing for the late 199 '40s. for over 60 years. a lot of fears people talk about really never actually happened. clearly the industry need to try to educate people. we need to have best practices and be sure all the operators

are doing things the right way. but it's a very safe technology. the industry is using it every day across this country. developing resources. we've been able to grow natural gas production in this country. we have been able to grow oil production in this country. that is wonderful thing particularly in terms of jobs this industry created last several years. david: certainly burns cleaner than coal and oil. liz: we have to keep it safe when extracting it out of the ground. david: thank you, bruce. always a pleasure to see you. >> beatlemania started 50 years ago today when the band landed from a british airways flight on to u.s. soil for the first time. a look at the historic moments and the money-making power of the beatles even decades later. ♪ [ male announcer ] this m has an accomplished research and analytical group at his disposal. ♪ but even more pressive is how he puts it to work for his clients.

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david: 50 years ago today the beatles arrived at jfk airport in new york bringing beatlemania to america. liz: before the band made it big here in the states capital records was supposed to invest only $50,000 in their promotion. david: the fab four's first movie was "a hard day's night." that was black and white. grossed one million bucks in the u.s. during opening week. this will blow your mind. beatles earned $71 million last year alone?

liz: fox news james rosen resident beat else expert. joining us from washington, d.c. when that pan am plane landed 350 years ago what has it wrought, james -- 350 years? >> everything changed in a word. the beatles refused to come here to america until they had a number one mitt in the states. so many british rock and roll acts tried to make it here before and failed. then i want to hold your hand exploded on the scene. the fab four touched down on february 7, 1964. one beatle had been to the states. george harrrson, lead guitarist. who visited his sister in illinois in 1964. beatles owned the top five positions on the billboard singles chart and sported 12 songs in the top 100. a kind of chart dominance never seen before and not seen since and unlikely ever to be repeated. earlier today on my online show, the foxhole, the british

ambassador to the united states spoke of the revolution that the beatles brought to our shores and to the world at large. >> unleash ad whole variety of creativity and ideas from themselves and plenty much other musicians and actors and entertainers. it set the swinging '60s going, not just in music but in a design of clothes and miniskirts and stuff. i think all kind of flowed from it. >> really quick here are some of my most prized possessions lifetime of insane obsessed beatles collecting. here is bootleg from 1908. called rough notes. only place to this day where you can find a is called, hand on the buns. it is -- david: oh, my goodness. >> it is actually band on the run take six. david: hand on the buns. >> paul mccartney, hand on the buns take six. is. david: here is my autograph. copy of help by john lennon.

liz: autographed. >> this is john lennon's signature. late '70s one because there is no separation between john and lennon. here is, the bootleg of paul mccartey playing washington on april 24, 2000 two. i was there. i brought my wife. and lastly, here is my low numbered white album. 119. david: signed by whom? >> signed by paul mccartney. liz: what sureyour favorite song, james? >> which of my children would i rescue from the burning building? please. won't do. david: when they arrived here, three months after jfk died. it was the first moment i think that we had of joyous celebration after jfk's death. that had something to do with it too. thank you, james. >> thank you, geeks. liz: actress betty white and hip-hop daners and safety commercials. one airline going the extra mile to get passengers tanks, stripping down supermodels. we have details coming up.

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you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. david: time to go "off the desk." you may remember this safety video released by virgin atlantic earlier this year that had everybody talking. you can see why. now there's a new safety video that also may grab your attention. air new zealand has been working on an in-flight safety video featuring famous sports illustrated models, wearing only their bikinis. the safety video yet to hit the internet or appear on flights

but behind the scenes teaser. melissa: i would watch that. number one thing to watch next week will be federal reserve chair janet yellen policy testimony on tuesday. we'll be watching it. david: morn any with melissa is now. melissa: a dire situation in california. an exceptional drought, worst kind of classification and first time ever been declared in california. some communities could soon run out of water entirely. what's happening on farms there could affect the price of each and everyone of us pays for food because even when they say it's not it is always about money. melissa: it is amylin ga drought that could -- megadrought that could crip fill california and governor jerry brown declaring a state of emergency in he