we're up 2.2% on the dow and s&p. [closing bell ringing] david: leading the way on the dow is exxonmobil. it is up 3% again today. not a time couple weekk ago, in fact any kind of bad news at all would set the market bears in motion, they would totally run over the bulls in this market. today it looks like it is just the opposite. bells are ringing on a good day on wall street, a very good day on wall street. not spectacular compared to 200, 300 point gains. this is really good day on the market. all indices are in the green. looked like nasdaq would be in the red. even nasdaq came up, sandy. sandra: look at that. the dow firmly above 11,000 now. we're also -- 16,000. s&p is above its psychological level. ending the week pretty positive, david. david: we have a way to make even more money this hour. "after the bell" starts right now.

david: encyclopedia logically we can't overemphasize the point -- psychologically. it is not just numbers but the attitude of the markets. da steinberg, will tell investors why they should keep an eye on gold amongst other things. jim lowell, adviser investment management chief investment management will give you the recovery.to play the global he has fascinating things to say about the global recovery. scott bauer also with us joining us from the pits of the cme. it is with stock we start this thing. talk to us about gold, for a second, scott. is it telling us anything about inflation solidly above 1300. i wonder if there is news in the price of gold about innation. what do you think? >> you hit the nail on the head when you talked about market psychology actually. now that we're at levels, dow and s&p almost at the high, gold

above 1300 these psychological levels are huge and for the next couple weeks or so i don't see gold retreating what sorry..3 we've seen interest rates back down to that 2.70, 2.75 area. where is money going? money is going to the equity markets. money is going into gold. i don't know if it is as much an inflation question as market psychology as this is where the inflows are coming to. sandra: david, we teased it. we're showing gold. look at this. huge gain for the week. are you telling us that you believe gold will continue on this path? >> look, thousands of years of history in every, you know, economy in the world gold actually goes up inverse to, let's call it currency creation. it is not necessarily, we call it inflation. in our country is used to inflation when labor costs are going up and so forth but it actually goes up inverse factually to creation of capital. now if you look at china right

now, you look at what is going on in japan, you look at the verbiage from christine lagarde from imf, look at draghi from the ecb. everybody is they're calling deflation. you can do it two ways. monetary policy or creation of capital or quantitative easing, or you do it through physical policy, spending on building. either way currency created. maybe what gold is telling us, they're anticipating, market is anticipating more stimulus coming from all sorts of places all around the world and that's what i think we need to keep an eye on. that is not a problem per se. you need to see cash flows run the economies. david: jim lowell, let's talk about the economy, nuts and bolts about the economic recovery. we got bad news on manufacturing today. we haven't seen levels drop this much on the manufacturing index since 2009 yet you think the global economy is raring to go, damn the torpedoes, full speed ahead. what makes you think we're in a

full-go motion? >> i keep my eye out for torpedoes and they can come in any way, shape or form. we see potential for slowdown, soft patch, not unexpected how quickly this market has risen. when you look at data, the slowdown could be seasonal pinch. weather is impacting from everything from retail sales to manufacturing activity. if anything the soft patch could be spring loading a nice bounce down the road but let me just touch on cold. trading gold is like trading hot house flowers and we're in the business of growing evergreen when we look at gold, we still think the best way to invest in gold is to buy something that is made of it and put it around the neck of some unwith you love. i certainly wouldn't put it inside of portfolio. david: nice valentine's day notion. go ahead, sandy. sandra: scott, i want to bring you in on this. you guys in chicago trade on the vix, across the street.

gone down seven straight days and has been plunging as we see stocks rallying this week. makes me nervous when i see investors get complacent with a stock market rally and the vix certainly showing some complacency right now. does that scare you? >> not yet. and if you look over the last year at the ebbs and flows of the market which is inversely correlated to the vix we're trading now really let's call it fair value where the vix traded about over the last 12 months. now if we drop another 10% or so and get down to that 12 handle that's the time, again, if you look at the technical charts over the last year, that's the time i would get a bit nervous. in fact two weeks ago we were trading right at that point before the market imploded that five, 7%. so that is the level. right here though what tells me, and traders back here are doing this now, they can lean long into the market again because they can buy cheap protection. that is what i'm looking at. david: david steinberg, football season is over.

we're all looking for baseball. you have a nice baseball analogy, when you're standing up at bat looking for the big fat ball to come in, that's what you're looking for. sandra: show us your baseball stance again. david: looking for a big fat ball there and you think you found a fat ball in gm. or gm you think is ready to go. why do you like gm right now? >> the baseball analogy is when you have things moving along you have to look for fat pitches. fat pitches is something you kept eye on and come in the right spot where you want it. the business to buy them lower and sell them higher. general motors is 42, 423. just come down mid to low 30s. that company at least by metrics about as cheap as it has been long time. not as cheap as last year and it right here i think you have a grate spot to enter that particular position. as your other guest mentioned, there is soft spot in the weather due economy due to

weather and everything else goiig on. cash on balance sheet. activist investors done filing. i think right here is really good spot to enter the stock. sandra: jim, what are your top picks here. >> definitely casting overseas into europe. we have saw italy its first quarter of expansion in two years. portugal third consecutive quarter of expansion. the overall zone in tentative growth mode. you don't want to get into europe when everybody believes everything is okay. right about now is a perfect time to start turning over stones looking for some gems in that rubble. david: david, you mentioned gm. car caps, housing, they're all depending on interest rates being low. janet yellen has said very clearly this week that she wants more inflation. i frankly, you look at history, you don't see many times when you have higher inflation without having higher interest rates. if we get those interest rates that janet yellen wants won't we get higher interest which might hurt companies like gm?

>> look, traditionally that would be a very accurate statement. you've got now the major central banks around the world controlling the yield curves. if they want their interest rates to stay low, they will quantitative easing and buy bonds until they get the levels where they want. this is a little bit of an unprecedented period. as far as you can see you will see low interest rates. otherwise you will basically break the back of the federal, the central banks around the world. if that happens then you have a really big problem. as far as i can see it right now, politicians need interest rates low. federal reserve wants interest rates low. they're trying to figure out how to get some escape velocity for economies run on their own and they just don't have it. sandra: easy money of the fed is devaluing u.s. dollar. >> correct. sandra: scott, as you know this, most commodities nominated in u.s. dollar and that pushes them higher. oil closing higher for the fifth straight week. natural gas prices up 9% this week alone.

a lot of that is weather-related but there has been a huge rally in the energy complex. everything seems to be going up. >> huge, huge. nat-gas sup 25% for the year. we're six weeks into the year. you look across the space, not just prices are up but volatility. if you look at intraday volatility trading off the charts. go back to nat-gas. we're at the lowest supply levels we've been in over 10 years. much of that is due to the crazy weather we've been having but also, it is due to the fact that the prediction for the weather going forward, three months, six months, there is so much concern about weather prediction over the next few months, that has been adding volatility to the marketplace. david: guys, scott, you will be very interested in knowing what warren buffett is up to. they came out with their announcement how they're dealing with various shares in their portfolio. they have dissolved their holdings in dish network. we'll get all these stocks after-hours trades up for you so you can see how this is

affecting them. and they have bought, look at, dish network has not quiten got the news, look at ask price, maybe or maybe not. goldman sachs, this is very interesting, 12.6 million, is that 12.6 million shares? yes, 12.6 million shares of goldman sachs. they are expanding enormously their interest in goldman sachs right now. we'll follow these stocks very closely. jim lowell do you follow what they do from time to time schiffing their portfolio at warren buffett's company? >> we certainly look at the holdings, weightings not necessarily as compass but a matter of interest. the move into goldman sachs reflects if you have recovery, not just domestically but globally you need financial engines to help drive gains and financial services are that engine. >> i'm looking after-hours by the way. not much change in the stock. go ahead, sandy. sandra: david, speaking of goldman sachs, i was talking to

charlie gasparino last hour who was starting to hint maybe there will be a change at the helm there. lloyd blankfein may be stepping aside soon, talking about his predecessor or who might be taking over for him. there you have goldman sachs shares by the way, not a huge move here. this is likely to be closely watched. how do you view this news, david? >> look, these companies are extraordinarily well-run, okay? warren buffett is always liked financials. he really always liked goldman sachs. it is a well-run company. they have a succession plan they are internally clearly aware of. i don't think it will, i don't think it will matter. the company will continue to do well. he is buying that because i bet he thinks, my guess, he thinks equity markets will do better as well as interest rates will stay low which helps their balance sheets and they have a pretty good commodities exposure. so i think, that means he is bullish on financial assets and i agree he should be. interest rates will stay low. that is the best spot to be is in equities or stores of value.

david: david steinberg, jim lowell, have a wonderful week. happy valentine's day by the way. scott bauer, we'll come back to you in a couple minutes when the s&p futures close. thanks, gentlemen. >> thank yyu very much. >> news out of berkshire hathaway. hedge funds are often considered the best minds on the street but does it really pay to follow their moves? we're finally digging into the details. does this make sense, david? >> also the s&p, it has done spectacularly well, up 24%, 35% over past couple years. you might want to listen to bespoke investment group their list of 50 recommended names has outperformed the s&p by 30% since its inception. they join us with a look at their new picks and their recently booted stocks get a pen and a piece of paper. you want to know how they're investing. ♪ ♪

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so i deserve a small business credit card with amazing rewar. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetgs start at 11, cindy. [ male announcer gethe spark business card from capital one. choose 2% cash back or double miles every purchase,very d. what's in your wallet? i needour timesheets, larry! david: sites like trulia and zillow got slammed today. sandra: let's head back to nicole petallides on floor of the new york stock exchange. nicole. >> sandra, dave, we saw truly yo an zillow to the downside, truly yo was down 11% today. closed at 29.97, down almost six 1/2 bucks. this was a huge move it. took zillow down with it. they're both in the online real

estate market. that is what they do. trulia came out with numbers and lower profit numbers but they said they incurred a lot of markets expenses trying to get customers on mobile devices, using $45 million for a campaign. cillo said this week it would spend on marketing. they have to make changes in order to get customers in, early this morning. before the opening bell even rang i saw both names as big laggards. trulia after earnings to the downside and it just never recovered. it opened up to the downside and was down all day long. sandra: thank you, nicole. david: while the s&p has soared 35% over past couple years, one index has more than doubled. the s&p's return, bespoke 50 index, a list of top growth stocks in the russell 3,000 is up more than 85% since its inception. i think it was 2012, right?

2012. which stocks made the cut, how do we get in on the action. newest plays and recently dumped stocks, paul hickey, bespoke investment group founder. always good to see you. >> hello, david. david: remind us criteria you use for stocks to get into your index. >> russell 3,000 universe. david: russell 3,000 represents 9% of the stocks. >> if is not in the russell 3,000 you probably don't want to invest in it. it is growth stocks. they have attractive growth prospects going forward. but also a relative strength component. looks fob can division to expected to have good earnings growth. david: to give idea what you include and don't include, took amazon out of the index. why? >> amazon, growth prospects and relative strength. relative strength of amazon really fallerred especially after they released earnings.

the problem with amazon they miss earnings. that is not a big problem because they always miss the earnings forecast. david: right. >> revenues high expectation of revenues this quarter with amazon prime and problems with ups they couldn't deliver all the packages on time and came and missed revenue forecasts. that disappointed investors. looking down into the future amazon may rebound and do well but just in the short term, once these growth stocks fall out of favor they tend to fall out of favor for extended period. david: sandy, you have news on berkshire. sandra: berkshire hathaway upgrading expense in usg corporation, by 34%, 4.9 million shares. usg is not exactly moving but a little higher in after hours trading. david: that is little lower. sandra: no, actually higher. david: bid, 32. sandra: but the ask, gotcha. berkshire hathaway alsoing its stake in exxonmobil, david.

that is obviously a big sign that they see growth for oil. david: what is interesting though both stocks are trading lower. perhaps at love stocks had some advance somehow? sandra: gotcha. we'll continue break these down. this continuing to showing berkshire hathaway supping stake or bullish belief in, energy prices, isn't it? david: it does you're looking for sectors talking about berkshire hathaway. whetherrer they are interested in transportation. they were big into railroads a couple years ago. they are more interested in energy stocks. paul i want to get back to your group of stocks. you have add ad couple of your own like invest net. >> right. david: why did you add invest net when you took amazon out. >> the growth prospects for invest net is attractive going forward. people are getting interested in the markets again. as they get more invested come

into the markets we think the shift goes out of wire houses into ira. david: this is bet on market in general. >> shift from brokerage firms to registered investment advisors. invest net provides a software solution so managers run all aspects. david: vulcan. >> similar sector. their earnings are expected to double this year and next. their earnings conference call they just had they're expecting growth in end markets year-over-year for the first time in all their end markets for first time in a decade this coming year. i took the, really specialize in highway construction. we took the westside highway down here today, i have seen better roads. david: people are blowing out tires all over new york. >> they're in asphalt plays. people playing that stock for construction. david: what happens to your

index when the s&p and dow are soft? for example, january was a terrible month as we all know. did your index hold up better than the s&p and dow did? >> growth stocks typically, they tend to be more volatile than the overall market. in the pullback we saw, a couple percentage points below the s&p 500. maybe the s&p was down 6%. it was down%. so they held up relative live well. these aren't real high-flyers that are going to get, that have been getting crushed during pullbacks. we haven't seen a big pullback of 10%. david: you can't argue. 80, 85% over past couple years since its inception? that's huge. so investors want to know how they can play, how they canopyinggy back on your success? >> we have a list that we publish -- >> is it free? do you have to subscribe? >> client list, but we do put out names from time to time just like we're doing today. the fact that -- david: so if i was to go down a list and put $10 on everyone of those stocks i would do pretty

well? >> you would but what we recommend investors to do take the list as starting point. no investor should blindly follow what anyone else is suggesting this is a list that we tell investors to look at as a starting point. these are growth stocks holding up well in the, whatever the given market environment and it's a great starting.to look at. david: finally there is no bespoke spdr fund, no exchange traded fund based on bespoke? >> no there is not. david: why not do something? >> we look at that from time to time. about two years. a lot of time people like to see longer track record. yeah, we have been approached that way from clients and potential clients, if there is a way to invest in the whole basket. david: paul hickey, come back soon. good to see you again. bespoke investment group. bespoke 50 have done extraordinarily well. good stuff. >> thanks. sandra: david, if you're as desperate as i am to escape the wintry weather, how about a trip to the sunshine state. look at all those fancy boats down there we're going to the

miami international oat show in florida. we're speaking with a top executive who is bringing cutting-edge technology to the boating world. david: is that a real picture? i can't believe it is not fake but it is real. it is really warm someplace in the world. also if you're looking for a new job you might want to consider heading to the nation's capitol. yes, e'll tell you why washington, d.c., if you didn't already know is much more than a house of cards for job seekers. they're doing great there. ♪ welcome back. how is everything?

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david: some of the day's other headlines. sandy behave me, go ahead. five stories one minute.

world bank will boost spending cutting costs loosening lending restrictioning and charging higher fees according to reuters. the loan portfolio is around $200 billion. pinterest leads venture capital interest raising $425 million last year. online scrapbook site's valuation is $53.6 billion. airbus buying a small german based bank to develop in-house financial operations. the european plane maker will use the bank to supply loans to suppliers and other small business parters. washington, d.c., didn't you know it, is number one place to pay based on new poll by gallup. it is your taxes at work. highest population to pay rate, 55.7%. 3-d systems and hasbro are teaming up. they man to develop children es play products powered by 3-d printing that. is today's -- buzz buzz. speed read. i missed it half a second.

sandra: breaking news, icahn, we have what he has added, upped his share stake by 22% in apple. icahn making a bet that apple will continue to do well. upped it to 4.7 million shares. icahn cutting share stake by 5% in netflix. that drops to 2.67 million shares. still holding on to a considerable chunk of netflix. david: netflix is not moving much after-hours at all either as a result. sandra: well it is full speed ahead at the miami boat show is week while visitors basking in the sun. wicked weather across the rest of the country could have impact on $121 billion industry. david: it's a lot of money. cheryl casone is going along for a ride in miami. she has real hard duty covering this thing. president of one of the world's largest manufacturers for parts of boats is there to join cheryl

right now. god, it looks gorgeous, cheryl. >> it really is. it is a beautiful day. you're absolutely correct we're seeing a lot of hotel cancellations and not as many visitors had been expected for miami as a whole. but i got to tell you when it comes to boating 88 million americans went boating in 2012. the majority of them are on power boats. when it cops to the power boat it is all about the engine, all about the need for speed. there is lot of news breaking today in this particular part of it. i'm joined by the president of mercury marine. mark, you made big announcements today the at boat show. first of you will it brand new engines are faster. tell us about it. >> absolutely. we add to the racing product line. 540-horsepower engine we announced. we also brought new products from different technologies. one is the ecoprops, to make those bigger engines more fuel efficient, almost 10% fuel economy improvement.

>> you also unveiled a glass stash, basically like a massive ipad that controls the boat. so, touch-screens instead of little levers. >> yeah. what it does, it basically, it is very intuitive. same thing you're used to on the it pad, gives you ability to start the engine, looking for fuel tanks, bilge pumps. track where the boat has been out on the water. it is literally as user-friendly as anything in your life. >> also, one of the things i think is so interesting about people coming in, the boat show, they're coming to spend 20 grand or $10 million on boats the maintenance, this is where your company comes in. you're a division of brunswick. we had dusty mccoy on earlier. maintenance costs, 10% has to estimate in the full cost of a boat. >> depends how much somebody boats. but maintenance is clearly part of it. a very critical part, a big

piece of mercury is all the parts and accessories we offer not just for the engine but new life jackets, docks anchors, everything ales we all provide. >> you have 6200 employees right now. you're a world operation. usa, mexico, japan. where is the hottest market for you right now? whether it is replacement parts or brand new boats being built around the world? is there a specific area of the world actually fueling business for you right now? >> well the u.s. is the largest market and recovery in the u.s. is really contributing to most significant parts of our sales increase. >> mark, thank you very much. president of course mercury marine a division of brunswick, $4 billion market cap. before you leave, i want to show you one thing. hottest thing for the boat show. check this out. it is a helicat. it doesn't fly. it looks like it will fly but this is a little toy you can maybe put on top of your 10 million-dollar yacht, don't want a full helicopter, cruise

around for the private island on the helicat. a lot of interest in the thing. david: you mentioned what i really like, my own private island down in the caribbean. congratulations, wonderful, wonderful shots down there, cheryl. thank you very much. even if we are a little jealous. sandra: a little bit. david: oh. would you like to invest like billionaires, warren buffett, george soros? as you've been seeing it is hedge fund filing day. we'll tell you whether it pays to follow that's guys advice. so far after-hours, doesn't look like a lot of investors are. sandra: should you be? plus oxygen container company made its trading debut today but will changes to medicare impact the business? next we talk to the ceo and cofounder and how the oxygen industry plans to grow. it is really big already. ♪

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then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little fther. [ woman ] got me to 70 years old. i'm going he to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ if we want to be ready for a longer retirement. ♪ see what's new at projectluna.com you have a bunessdea, we have a personalized legal solution that's rht for you. with easy step-by-step guidance, we're here to help you turn your dream into a rli. start your business today with legalzoom. we're here to help you turn your dream into a rli. so ally bank really has no hthat's right, no hidd fees.nts?

it's just that i'm worried about, y know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidally bank.no worries. your money needs an ally. david: some very big hedge fund filing their 13-fs, disclosing all their holdings in the fourth quarter. should you follow their lead? according to a study by pamco the answer is yes. investors who bought top 10 holdings of hedge fund identified in the 13-f filings, and sold them the next time filings were due, they would have gained 17.3%, versus the

7.6%. they haven't been fully tallied for the fourth quarter but the third quarter, the top holdings for hedge funds were apple, google, microsoft, aig and carl icahn's, icahn enterprises. sandra: all right. well, this is interesting stuff, guys, oxygen therapy, it's a $4 billion industry in the united states. many oxygen therapy patients are bogged down with the heavy oxygen containers but not by these. david: the medical technology company began trading after it went public and the stock fell after the ipo price. joining us is the ceo of info again. and the cfo. let me talk to us first. the ipo is mixed blessing because suddenly you're concentrated on the stock price but today it went down. is there something that went wrong that investors saw they didn't like, is that why it went

down 3 1/2%? >> no we're really focused on the long term. we think there is market for patients that want to be active or mobile. david: but why do you think the stock went down a little today after the initial offering? >> there is some concern that maybe changes to medicare because so many people that purchase these, there is some concern out there. i think that is what david is hinting at. >> competitive bidding which is through medicare is certainly an impact on us for reimbursements but if you look to our third quarter results you would see that we were able to mitigate the impacts of competitive bidding an continue to grow and show profits into the business. sandra: so, ali, do you think there is a growth story here? obviously you do. you're taking this company public. >> yes. sandra: you're saying this is a $4 billion industry. you're trying to get a piece of that pie. >> correct. sandra: you know, for investors sitting at home watching this story, where is this going? >> yes. so we think that our product is really designed for patients that want to have that active

lifestyle. and not have to be limited by those oxygen tanks and the deliveries from the standard oxygen therapy providers. so we provide a great solution for them, that also is a low-cost way of getting oxygen, instead of regularly deliver tanks into the home. david: ali's idea came from a group of university's students trying to figure out what to do with ali's grandmother need for oxygen if i'm not mistaken a group of university students came up with the idea. how did you get involved? >> they brought in a pretty good set of investors. as they got to critical mass, brought manufacturing in house. they were looking for somebody to take it to the next level which is what we're trying to david: were you the one pushing for the ipo? >> no, i wasn't one pushing for the ipo it kind of grew naturally from development. we've been annually growth rate,

off% last four years. we've been making great proges guess. the fact that medicare reimbursement is a rental model requires capital in order to keep the growth rate up and continue to provide -- david: isn't that part of the problem too? that you're, it is sort after government business, government-related business model. >> right. david: you're relying on reimbursements from the government? >> only 29% of our top line is medicare. sandra: that's a big chunk. >> it's a big chunk but in the industry, but in the medical device industry, health care industry, reimbursement plays a role with any company that is out there. if reimbursement takes a hit, any medical device, any health care company is going to have to @ope with it. as a matter of fact we think in the long run we're very well-positioned. our costs is low. we can, you know, weather the storm and actually with lower rates that reimbursement for oxygen right now we can very well provide a, turn a nice

profit and keep growing. sandra: well david mentioned how the stock fell below the ipo price on its debut. what is your thoughts as you wrap up this? >> probably the bottom of the book kind of started to, you know, trade. it started out at 16. probably the bottom of the book started trading and selling and the top of the book was kind of sitting waiting where this is going. we'll see how that goes over next couple days. but, i think you know, this is a marathon not a sprint when you just go public. you can't freak out over one day. sandra: good luck to you guys. david: ali, ray, congratulations on your ipo. >> thank you very much. david: american speed skaters have had a disappointing olympics in sochi. one of this country's best known sporting brands is taking heat from it all. we'll tell you about a controversy that has investors talking about a stock that is losing some traction. sandra: really crazy story there. ever wanted to own a dress you've just seen on the runway. david: no. sandra: we all do, right?

>> not me. sandra: we look like for the fake ones. there is brand new app for that just in time for fashion week. we talk to the ceo bringing fashion to your phone and how you can buy the dress as you walk -- watch it walk down the runaway. just like that. ♪

♪ [ female announcer ] you're the boss of yr life. in chargef long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ sandra: under armour says it makes the fastest suits in the world for speed skaters but "the wall street journal" says u.s. olympians in sochi are not

so sure. after six events not one single american has finished above 7th place. u.s. speed skaters are seeking permission to swap out their suits if they wish. under armour calls the product most scientifically advanced and rigorously tested suit ever featured in olympic competition. under armour's stock ended down more than 2%. seems like somebody is trying to find blame there. david: you may be right but certainly affecting the stock today. fury of an awful winter did not stop new york city's fashion week. hundred of thousands of fashionistas sludged through slushy snow, sleet and ice to take a look at latest trend but if you wanted to wear a style right from the runway after you saw it? now there is an app for that. sandra: there really is. how is fashion week becoming one-of-a-kind e-commerce experience? joining us is modus operandi's

ceo. thanks for joining us. your television debut by the way. anyone in fashion at home saying what? i can use this app to do what? explain. >> okay. this app is absolutely amazing and ties directly to the trump show. you have it in the iphone or ipad and just swipe, like, like, like. that information is captured in our database. once the trunk show is up and running on our site, we contact the client and let her know it is available for sale. sandra: if i'm at the runway show or or if i see it in the newspaper or on tv? >> no. we send the images to you. sandra: on the app? >> yes. on the app. sandra: you say you like it. when the trunk show comes up you are saying i can purchase it and it will be sent to me? >> what happens, the trunk show takes place. immediate after the trunk show we immediately photograph the collection. we photograph in the sensibility of the designer in which he intend it to look. we post it up on the site. that time for seven to 10-day

purchase you can purchase -- sandra: not talking about any price deals? you're paying full price for designer gowns? >> that's correct. we want to respect integrity of the every single brand. david: debra, what happens to the retailer? doesn't the retail want to get involved in that transaction. are you in effect cutting retail out of the sale? >> quite a bit different than the retail operation. what happens here the client has the opportunity to select what she wants from the runway. what happens with a department store is that they make an edit from the runway and have that in the stores. so when you purchase from modus operandi, it is what your choice from the runway. david: what i'm asking are you making enemies with the retail sector? >> david: are they coming up to you and saying we want that action? >> i believe we're a commune that support one another. david: really? i thought it was a cutthroat community? >> no, it is really not. actually all the way from the designer to the brand to the

store itself we have very positive -- sandra: on a business television i think more from the angle of the department store chains like for instance, bloomingdale's who they pride themselves on being the buyers of mark jacobs products. they get to choose specifically what they sell in their store. now if the customer, almost like they don't need bloomingdale's anymore to get what they want? >> what happens is different, the retailer, traditional department store they make an edit what they say. at moda operandi makes the choice. it is not the buyer making the choice. what happens often times the buyer edits out a key pieces from the collection and as a result of that the client does not have the opportunity to purchase it. so it's -- david: debra, is your retail business growing to the extent perhaps, we just had folks with an ipo, perhaps you would go public? is there that much interest in what you're doing?

>> it is growing very rapidly. last year we exceeded 100% growth. we had a 2.5% increase in our client base. so it is growing very rapidly. david: you wouldn't rule out a ipo eventually? >> really what i have in my mind is growing the business. i'm not looking selling the company out right now. we have incredible opportunity. we have a fabulous team and we're just focused on bidding the business. david: by the way, you've done this before, admit it? you've been on tv before. >> no, i have not. david: you're pretty good. >> my first. david: congratulations. thank you very much. sandra: nice to meet you. david: good to meet you as well. well -- sandra: talk about grounded, relentless snow led to highest number of flight cancellations in more than 25 years. we have the latest and what it all means for the u.s. economy. it isn't good. ♪ [ chilen yelling ]

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sandra: major snow and ice storm blanketing the southeast and eastern seaboard causing thousands of flight cancellations and freezing some businesses. david: our own peter barnes joining us live from reagan national airport in arlington, virginia, with more. looks like it is moving pretty rapidly there, peter.

>> david and sandra, it is getting back to normal at washington reagan, international airport? and the snow is melting. i can see behind me over here, finally! but, clearly this extreme weather has put a chill on the economy. just this morning, for example, the federal reserve reported that industrial production fell .3 of a percent in january. yesterday the government reported retail sales fell .4 of a percent last month. and of course last friday, that big jobs report came in unexpectedly low at 113,000 jobs for january. way below expectations. but one report out today said that the airlines themselves may be out as much as $150 million for the month of january alone because of all this bad weather. and earlier on "markets now," one expert said that money may be lost for good.

>> they missed the funeral, missed the wedding, missed the meeting. so they're not going to fly. you figure every round trip say delta has out of atlanta is worth about $20,000 in revenue. well, about half of that won't be recouped because the people are not going to fly. >> reporter: just to get you up-to-date where things stand right now, according to flightaware.com, the cancellations for today are inching up to about 1600, but, that compares to about 6500 cancellations yesterday. david and sandra, back to you. david: peter, thank you very much. by the way we spoke with an analyst on the weather and its impact on airlines of the he told us to view it as an easy buying opportunity for names like delta air lines and alaska airlines. always good to know. sandra: always a way to profit. let's go "off the desk." termites have a reputation for breaking buildings down, not constructing them. that is about the change.

harvard epgears used insect as inspiration for new robots. the robots built structures by observing and reacting to other robots around them with no further ininstruction pro humans similar which to termites work. they are about the size of a desk phone. and could eventually be scaled up or down. david: unbelievable. extraordinary stuff. tomorrow at 11:00 a.m. on "forbes on fox" on the fox news channel we'll be debating new government regulation that is could increase your home heating bills even more than they already have increased this cold winter. the epa is kicking the coal industry while is down with a new rule that could increase power rice prices by 70%. this could hit an already ailing coal industry harder. this is one year of a coach coal. three-year looks worse. they have gone from $40 a share to $3 a share.

"forbes on fox" will be debating this new rule. is it needed? fueled by the obama administration's alarm over global warming during this, the coldest winter in decades. sandra: happy valentine's day. david: happy valentines today to you. i don't want to think about the alteative. i don't even know how to answer that i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get theeal answers you need. start building yr confident retirement today. iwe don't bk down.k, we only know one direction: up so we're up early. late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expd here. or start a new business here... and pay no taxes for 10 years.

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