came back today. >> natural gas on fire, dave. [closing bell ringing] losing week on wall street. liz: couldn't quite squeak out another winnerring week. disney for those who own it, hitting all-time high. -@where is the money on your screen? dow jones industrials falling 29 points after jumping more than 30 at one point. we had a much better day 35 minutes into the 2:00 p.m. hour. david: it could be worse when you think of bad economic indicators with housing. it is a mixed market. liz: russell 2000, coming out with a win up pretty much all day long. david: let's give you a brief from the front page headlines. researchers j.d. power saying it expects the pace of deals to increase towards the end of this month of february. liz: dish network's chairman, charlie ergen, expressing concern about comcast's massive

planned $45 billion takeover of time warner cable. charlie ergen saying the deal will send, quote, a seismic shift across the entire pay tv industry. david: jamie dimon will not have to face another challenge to his dual role at the bank's shareholder meeting. investors withdrawn the only resolution calling for an independent chairman. liz: the mortgage giant fannie mae announced record profits of $84 billion for the last year. sending a new dividend for $7 billion, not to shareholders but to the treasury department to for bailout. david: hewlett-packard is sending lower. tech giant, earnings are lightly lower than what wall street had forecasts. liz: giving us window in the federal reserve very tense meeting back in 2008, showing that the central bank at the heart of the financial crisis initially struggling to grasp the full magnitude of the crisis. fed chair ben bernanke became

increasingly vocal in his calls for bold action. we've got bold action right here because "after the bell" starts right now. david: time from break down today's market action, rob stein, astor investment management ceo. he will tell us how he is weathering volatility in this wild market. we have michael muse sew saying that stocks are not undervalued. we has three plays. scott bauer in the pits of cme. i want to start with you. first of all have you seen market sentiment change on a dime as much as this market has since the first of the year? >> man, it is like flipping a coin. one week all bad news means bad news. this week, almost like this week, bad news comes out and market doesn't care, it slugs it off. it is out of sink and out of whack -- out of scene.

the. weather is the issue and this is the issue. market just really doesn't care. that kind of concerns me. liz: concerns you. it excites others but michael, it does get here moving in perhaps the retail investor's heart, some of these people are rushing to stocks. some are rushing to bonds. which one is the right choice? >> we continue it think as we have for some time stocks relative to bonds are the better value. doesn't mean investors shouldn't have a balanced portfolio which is what we do for our clients. for clients looking for stocks. we prefer to look at companies that have strong cash flow generation and that, with that cash flow they're typically shareholder friendly. that's what we look for in companies we buy. david: rob, even the most optimistic bull i know has been rebalancing their holdings a little bit to sort of flow with the market directionthere is one since the first of the year. how are you rebalancing your

portfolio? >> well, volatility picks up you want to have lower correlation with assets in your portfolio. you want things that zig when other things are zagging. you look at some sectors to see where strength is and look at sectors that are underperforming and adjust quarterly. techs had a good run. might be time to readjust the tech holdings and look at health care that has underperformed lately. don't throw out the fixed income side of portfolio. last yea i k tisy challenging corporside fixed income. i thinkhose otunities thill be a p t be well and, as yields kind of get into a sticky spot, i think that the corporate high yield, high grade fixed income should be a place to be. liz: let me get to michael and yourrpicks. you're looking at the lodging industry as a true opportunity as it marchs in conjunction with

albeit slowingover onomure. continue to do well and potentially surprise to the upside. so, wyndham worldwide is one of the stocks we're here to talk about. liz: why specifically wyndham? >> so wyndham again, has that kind of shareholder friendliness that we talked about. the company has raised dividends at 45% annual clip over the past five years. just raised it again 20% two weeks ago. they bought back the equivalent of 7% of the weighted shares outstanding in 2013 with some capacity to continue to do that. it is $9 billion company, generating a billion two in ebitda and we think they're well-positioned in the industry. david: scott, we still have to talk about natural gas because we thought it run out of steam yesterday and came roaring back again today. i'm wondering and i'm wondering if you're wondering as well if there is more than just weather involved in the price of natural gas these days? >> you know, it really is

changing though. we see these moves day-to-day based on the wea forecast. we saw a little pullback yesterday because the weather got nicer. the short-term forecast was nice. we got the longer term forecast that much of the midwest and the northeast, next week are going to see temperatures that are 25 @o 30 degrees below average for next week. so i think that was a big impetus in the spike back today. but i do think that the rise, we've seen over the last couple months is predominantly due to this just horrific weather we've had. liz: michael you like dominion resources which is opportunity in the energy space but there are many different types of ways you could go in energy. why dominion? >> dominion is a little birth more of a utility play than i would say energy. one of the potential kick-starters to dominion long-term they're one of only three publicly-traded entities that have okay from the department of energy to eventually transport liquid natural gas. liz: lng, sure. >> that's attractive.

they pay about 3 1/2% dividend. the company paid the dividend when they announced earnings 2 1/2 weeksing a, six or 7%. david: rob you mentioned health care. there is etf, fxh, which focuses on health care. is that the way to play the health care industry right now or should you go for specifics? >> we own that one and it is created by first trust. it is sort of a smart weighting of an etf. it gives you exposure to the health care sector which we want to overweight and it does its own analysis on the security that is make up that etf and it reweights it on a fundamental basis. so we like that. we've overweighted to it. i think you will be surprised what you get out of the health care sector this year. liz: rob and mike, as we finish up, i want to resist giving long answer, tell me one word answer, what are you avoiding. rob? >> precious metals. liz: michael what are you avoiding? >> 30-year bonds. liz: there you go, gives you sense of what they don't like.

david: wow. go full circle, scott, what are you avoiding? >> i would have to agree go with precious metal side. i think that especially gold here. we've seen a real quick run to the upside here. it is going to stall out. liz: interesting. david: very interesting. liz: the gold bugs have gotten all glittery. david: okay. rob stein, michael musio, thank you very much, gentlemen. scott bauer we'll check back in with you when s&p futures close. liz: scott surrounded by a lot of gold bugs. david: he may have to be careful when leaves there. venezuela, you have to be careful there. it is becoming a powder keg as protesters take to the streets over economic conditions, political conditions. it is one of our top oil suppliers instability it could impact your money. we invited former u.s. ambassador to venezuela in as our guest. he will give us the very latest and plus the future forecast. liz: breaking today, g asset management offering to buy 51%

of barnes and noble for $22 a share. the stock closed below that. we talk to investor advisor to barnes & noble shareholders. does he see a better offer out there? david: you tell us. what do you think about all of this? will barnes and noble exist five years from now? or will online retailers like amazon have put them out of business? tweet us at fbnatb. your investors come -- answers coming at the end of the show. note ♪ ♪ [ bell ringing, applause ]

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liz: that was interesting. you heard two of our last three guests say they are avoiding precious metals. while some gold miners posted gains, newmont mining fell into the red after reporting fourth quarter earnings. david: what is going on there? nicole petallides on floor of new york stock exchange. i don't know if you could hear those advisors but they were saying time for gold to fall a little. >> well that would be not good news for a lot of these names but today we saw gold up nearly, right now looking in after-hours, trading up almost eight bucks but newmont mining down 4 1/2%. one of the reasons, newmont mining basically gold and copper is falling prices that we've seen and those lower prices hurt their quarterly numbers. they actually came out and post aa fourth quarter loss saying

that they were hurt by the lower gold prices of the also the fact that the took impayment charges. so with that that was not good news. revenue foal about 12%. and you can see here not a good day, down over a buck. back to you. david: thanks, nicole. s&p futures are closing in just about a minute 1/2. let's go back to scott bauer. he is in the pits of cme. how is it shaping up for the weekend? >> you know what? very nimble. traders are being very nimble. david: good word. >> a lot of concern out there that volatility has not subsided. we, we talk about the vix all the time. and with the market rally this week we should have seen the vix trade lower. we should have seen the vix maybe trade down into the 13 handle. it had held pretty good. thhse guys are a bit concerned. there is no longer short position taking. they're being nimble but watch for more volatility next week. david: perfect word to describe it, thank you, scott. nimble you.

>> need to be. you need to be. liz: barnes & noble had to be nimble today. did you see the jump? barnes & noble received a proapproval from g asset management. here is what it is. g asset wants to acquire 51% of the company for $22 a share. barnes & noble jumped $19. 5% would be nook business. will they juup at offer or hold out for more. david: we have a strategist who advises barnes & noble shareholders. thanks for joining us. it is the billion dollar question. what would you advise shareholders about this particular offer, the g asset offer? >> hi, david, hi liz, happy friday. thanks for having me on. liz: sure. >> the bottom line here is, you know, it is notable that the offer came out today, right? right now there are a lot of things that we don't yet know.

transparency on the offer, transparency on -- what i would focus and telling shareholders or perspective investors to focus on. seems seems what he is suggesting rather than the offer hit self, the seem is the break up two businesses. retail college versus nook media business. the nook media business has been an underperformer. as far as losing money. doesn't mean it doesn't have any value, david and liz. it just means it is losing money, okay? the bottom line is from my perspective, i sent a note out early july of 2013, we've seen a lot offback and forth, people interested in taking company private assets. liberty media in the past. they own 17% through the preferreds. microsoft owns almost 17% of the nook media business. you have a lot things going on here but the core tenet of my

thesis has been on the sum of the parts, it is worth a lot more than it is where it is currently trading. it is trading under $18 right now. 17.64. liz: interrupt you. >> yeah. liz: if one these shareholders came to you and said what do we do, you say hold out? >> no. what, what, liz, if the shareholders came to me, i would suggest that they become more activist, right? they become more vocal in telliig the board, including rigio, who is on the board, to either break up the company and or sell pieces, if not the whole company, the status quo of running this business is not maximizing shareholder value. i would advise, potential shareholders an investors to become more vocal, become more activist. at end of the day, you know, i would point out, sum of the parts is worth a lot more than not only $22 offered by gam

today, i would point your attention to the fact that we recently this week had a deal with sail's, right? zale's is a turn-around story. that come was on the brink of bankruptcy two years ago, four or five years ago, golden gate invested $150 million, okay? it is acquired by signet this @eek for $1.4 billion to turn around play for $21. 40% premium to where the current, where the stock was trading at. david: i'm going to press you for a second here. i hope you don't mind. >> please, please, press me david. david: but give me a number, a specific number. if you were to break up the parts of barnes and noble into the most valuable assets, what should this company be offering? is it, i get feeling from you that $22 is not enough. >> it is not enough. when we put our note sum of the

parts analysis back in july. david: looking at that number. this was back in july. you thought real value was upwards 30 bucks a share. >> yes, 30 to 32. the nook business has declined in value. retail college bookstore has declined slightly in value but i believe, the back of the envelope, david, to a.n.s.w.e.r. your question, is something north of still $25. if the company, because, you definitely have strategic interests. you definitely have financial interests. you have riiio owning 25, 2:06 period of time of the company. you have, by the way, at the end of the day the company still generates free cash flow. retail college business does $6 billion in sales. the enterprise value sunday 2. liz: on top of it, annual high, 23.71. call it 24. could maybe get a dollar higher. great to hear your enthusiasm. >> thank you, liz. liz: he advised shareholders what to do.

david: he will have very busy weekend. liz: he says hold out. david: boomtown usa is the for the nation's oil boom. is this sustainable and how does it impact residents much town? we'll talk to a filmmaker that covered the boom from the very beginning and working on a brand new documentary about a very profitable oil economy. liz: it is called, project tango and it could change the way we uss our phones forever. we'll bring you details of a new device that can go a lot more and do a lot more than track where you are. it will even be able to create 3-d maps. we have details on this when we come back. you can't miss that. ♪ [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research.

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david: time for a quick speed read of sop of the day's other stories. five stories in one minute. time, inc., is launching on line streaming video sports network in partnership with the nhl, mlb and nascar. it will be called 120 sports. verizon completing. buyout of vodafone stake in verizon wireless. deal large "elf" of its kind last 10 years. it is estimated to cut the value of vodafone in half. honda accord was best-selling car to individual customers, bumping the toyota camry from the top spot. americans bought a total of 360,000 accords in 2013. steve jobs will appear on a u.s. postage stamp. the late apple cofounder stamp still in design stages. it will be released next year.

google revealing a mobile phone with a built-in 3-d scanner it says could revolutionize navigation. it is called, project tango and makes 350,00003-d measurements every second an updates the position in buzz buzz. -- [buzzer] that is today's "speed read." liz: that will be fun. david, we have a guessing game. we decided to do this because it made very big news. can you guess where rent is very highest out of these three cities? new york, los angeles, or willis ton, north dakota. david: i know the answer because i'm looking at screen but i wouldn't have guessed it. liz: rent for one bedroom apartment in sunny l.a. county, 141 per month. nnw york, same size apartment, more expensive, renters paying $1504 a month. now williston, north dakota, are you ready? $2394 per month. david: wow. liz: did you ever guess that would be the right answer?

well the oil boom in north dakota is responsible for this, bar none. also responsible for rapid economic growth, extremely lou enemployment rates the state is seeing. you know what high prices an ripped tend to do? they add to the cost what people are drawn there for. our next guestthas been ahead of the story, well ahead of anybody else, covering north dakota's oil boom from the very beginning. now he has got new questions of whether this high level of growth is sustainable and at what cost to residents there? with us is noah hutton, director of one of the most wonderful documentaries on this entire subject because you don't take a stand right or left. it is called, "crud independence." you did it in 2009. you're back now following up. did it surprise you when you saw that williston rents were that high? >> i was absolutely startled by prices. i'm a new york city renter. that trivia you put up, i was, going back it was unbelievable through the level of development in all sectors, not just

housing. certainly for anybody working a normal job hard now to get housing. liz: what is the average person making when they go up to the north dakota area to participate in the shale boom? >> well, we're talking about six figures for any kind of rig hand. people working as waitresses making $20 an hour. i mean, it is, all the wages gone up across the board but free market has also brought up housing to a level where a lot of people can't afford it. liz: we'll role some video from your documentary. i found it absolutely rivetting to hear stories of these people, many of whom ran up, one said i should have quit the first day but i got that paycheck. was so big. i waited for another paycheck and it came. they came but, then i started looking in the comments recently and some people from that area have now been commenting, they all love your documentary but they're also saying, what is the point of me going there now? whatever i'm making i'm now spending on rent? is this boom sustainable if rent is so high? >> that is the question. and, it comes on heels of the

president's state of the union address where he issued the fact sheet and said he wanted to make sustainable shale gas growth a reality. i'm not sure if sustainable and shale gas growth goes together. i haven't seen it looking at present. you''e exactly right, paying all the money on rent in apartments in williston and stanley how will you send money back home? a lot of workers are trying to support families. how will you move there in the first place? liz: they feeling happier though, noah? we saw a report, and these are pictures from your beautifully-shot documentary. they said we can pay for basic services with the jobs we have. when unemployment is high, let's not look a gift horse in the mouth. these are great jobs. keep it balanced. did it excited what you saw in stanley and williston, north dakota, what helps did you

say. >> a lot of people in north dakota, north dakota was last on pretty much every economic indicator before this happened. suddenly see a ffmily send their kid to college where they couldn't afford that before, something like that. but on the other hand, i was concerned by not only environmental repercussions, truck traffic, the man camps, because a lot of people are living? these temporary housing units. liz: right. >> drugs, crime. liz: you saw this? >> yeah. i saw, i mean i saw first-hand. liz: i suppose those are problems of any sort of thriving city you would have, correct. >> absolutely. when it comes to question of sustainability that is where it is a real issue. i feel a lot of people are not thinking a decade, two decades out. they're thinking about now. liz: the man cams, that is interesting phenomenon that sprouted up there. talk about that. you went in there. got real access. everybody talked to you. >> yeah. man camps are temporary housing units that the companies erect for workers and trailer homes, they are temporary. they could leave tomorrow. but, the interesting thing about the man camps, they have built

houses and apartment units too. because those are so expensive, people prefer to live in the more affordable camps. so, as a result, they keep to themselves. there isn't much integration. when you start to think about, down the road, are these people going to pick up and leave in a decade? will they move to stanley, north dakota, to willies son, north dakota? it was interesting to see how really people living separately. liz: you went there in 2009 to do "crude independence." youure back there doing a follow up.3 what surprised you what you see five years lateer? >> the most surprising, there are several aspects of it, but visually, you know, a lot of wells are flaring away natural gas. i was struck by that. it has been five or six years now. and we're still wasting $100 million a month in north dakota of natural gas maring away. >> what should we be doing with it? >> there could be more insenttive for companies to capture that and pipe it away,

especially when natural gas is talked about as a bridge fuel. we're kind of burning or burning the bridge underneath our own feet. it is strange. i was struck by that. liz: when it is coming out your next documentary? >> i hope within the next year. i'm editing right now so very much a work in progress. liz: if they want to watch "crude independence", how can they see night stream on amazon and hulu and buy the dvd. liz: it's a fascinating documentary let's you decide what you think is going on up there. you were so ahead of game at such a young age. could be a million documentarians that jumped on it you were first. >> thank you. liz: noah hutton, "crude independence." david: i am going to watch that, sounds like the wild west, america at its best. venezzela as protesters there are shot and their leaders are thrown in jail the economy in a tailspin, a lot of folks are wondering if the country is spinning down into chaos? as one of our major oil

suppliers the results could have huge impact on our economy. we'll talk to the former u.s. ambassador to venezuela when we come up next. you don't think about million dollars jewels an rolex watches or aston martins but maybe you should. we'll talk to shut tons and robertsons. this is high-end, 240-year-old pawn shop giving you the inside look at its new new york city location. and some of the major bling that has been walking through the doors. exciting stuff coming right up. ♪ ♪ see what's new at projectluna.com

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david: while ukraine has been racked with deadly protest there is another political storm brewing closer to home, from venezuela. the country gets at least 9% of its foreign oil. it is in the midst of bloody riots. half a dozen people are dead including a famous beauty queen seen here shot in the head and later died while protesting the against the government of nicholas maduro. where doessit go from here and how will it affect u.s. investments? for an answwr we turn to otto reich, he was u.s. am bass to venezuela among other positions in the reagan administration. otto, thanks so muchhfor being here. first of all who are the protesters and what specifically do they want? >> the protesters are primarily young people, david. they're students, who are just fed up with the rampant corruption, the political abuses and the incredible economic

incompetence of the maduro administration. david: now, one of the leaders of the opposition has been thrown in jail. his name is be -- leopoldo lopez. apparently he was getting a lot of support. about him being thrown in jail the venezuelan president has a quote which is kind of hard to take and i am going to ask you about it. this is president nicholas maduro. he said one of them is jail, referring to mr. lopez. the others will, one by one end up in the same jail cell. what is he suggesting? that they're going to throw thousands of protesters in jail? >> if they have to. you have to understanddthat nicholas maduro is not a very smart person. he never went beyond high school. he was a bus driver. he was selected by chavez and by the cubans. he was actually trained in cuba under the castro brothers because he was a very promising, not very intelligent communist to take over from chavez after

chavez died a year, over a year ago. so he is really following the script that is written for him from havana. there is very little originality in what maduro or the people around him are doing in venezuela today. the violence is being directed from cuba. david: you know them very well. you lived there. you were ambassador there. you have family there. they are accustomed to democracy. granted it is not u.s. democracy. it has been imperfect at best over the past several decades. it's a democracy. they're not accustomed to that in cuba. if he is getting orders from the cubans who have no idea what democracy is, doesn't that mean eventually there will be such pushback that he will be gone? >> he is only going to be one if the army, the police, the security forces and the gangs of several hundred, or sorry, several thousand thug that is the cubans organized over last 15 years in venezuela want him to be gone. otherwise, innocent, unarmed

students are going to continue to get killed like the beauty queen that you mentioned, you know or other that is have been shot in the street. i mean the internet is full of these videos of incredible violence being brought upon the demonstrators in venezuela by the, by the uniformed police and others. david: now we, otto, forgive me, we are not without influence in latin america. we've shown that in influence before. we demonstrated time and again. what can we do? we do have interests there. 9% of our foreign oil at least comes from venezuela. what could the u.s. do right now? what would you do you were still ambassador? >> the u.s. can do a lot more than we have done. we have done practically nothing. we have, and i mean you might find this strange, i will say something positive about the president and secretary of state. they are, about the only president and secretary of state in this hemisphere that said something to condemn the violence. having said that the united states can do a lot more.

what i would do is i would make a list. we know who they are. of the people directing this violence. the generals, ministers of government, the people high up in the government and deny their visas. a lot of these people killed during the week and come spend their weekends in miami on their private jets, david. we have to revoke visas of all the corrupt venezuelans that destroyed economy of that country and killing young people of venezuela today. >> the influence of the army is very interesting. it is always played into political calculations in venezuela. is the army behind this president or is there, are there chinks in that armor of maduro? >> that is question i'm not sure the venezuelan themselves know. it is interesting that maduro has not let the army out of the barracks yet. he has repressed the people so far with special political police. with these gangs of thugs ride around in motorcycles and shoot

or beat people up. -@and with, what they call the national guard which is like con stab larry who turn out to be pretty brutal themselves. not yet the army. i'm not sure he knows where they are going to go. david: otto, i have to ask you one final quustion. bond are issued by countries like venezuela trying to get loons. the interest rates are very high, reflecting the danger of those investments. do you think venezuela will come through this? do you think those bond are a good buy right now? >> you know, david, i'm not a, i'm not a financial analyst. but i can tell you that i would certainly not invest in venezuela today in any way. david: otto reich, former u.s. ambassador to venezuela. otto, thanks for coming in, appreciate it. >> my pleasure, thank you. davii: well from one country to another that is in turmoil, on monday we'll speak with john uko, former ukraine parliamentarian executive secretary. he played a critical role in writing the first post-soviet

constitution in ukraine. he left for the ukraine yesterday. he is coming back on sunday. we will have him here on monday to answer very latest questions on whether that country will be able to find some kind of peace through awe the turmoil. liz: can only hope, definitely. it has been more than five years since the financial crisis and the federal reserve just published transcripts from 14 crucial meetings in 2008 as the crisis worsened. coming up, did the feds see it coming and what did officials know? david: also as reality tv becomes saturated with pawn shop shows, a 243-year-old company is keeping it classy, focusing on good like these very high-end luxury items in exchange for loans. we'll talk to suttons and robertsons about its high-end% pawn business an show you even more expensive bling coming right up. ♪ we asked people a questi,

how much money do you think you'll need when you retire? then we geach person a ribbon to show howany years that amount might last. i was trying to, like, pull it a little further. [ wan ] got me 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3yearor mor maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪

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just opened its flagship location in new york city. how has the move to the states moved to be for this london-based company? joining us suttons and robertsons vice president of operations carolyn bostock. you have bought beautiful things with you. >> thank you. thank you for having me. david: new york is fertile grouud for you guys i would imagine. should we worry that people are uneven ground when it comes to finances? >> absolutely not. suttons and robertsons wanted to movv to new york as center of wealth and business. it has some of the most sophisticated clients in the world. we want to help those sophisticated klein services and give them the best that we can. david: let's show what some of we're talking about here. this is very high-end stuff. we should mention, 95% of all the items put in as collateral are returned, correct? >> absolutely. david: so it is the 5% that are not returned that you sell to the public, right? >> actually we do on certain occasions but a lot of the time

they will go to auction. we find the best route to get the best return for the clients. david: that is not liz's own ring. she wishes it were. what are we looking at when we look at ring on liz's hand? >> three carat pair shaped and gi certified and came from gross diamonds. liz: that is famous. are they on loan and you give people money and they come back later and say i want my ring back? >> absolutely. everything we have given a loan stays in our vaults safely. not for anyone to see. so all of the items we have here, they have been sold by a private seller or perhaps as a collection or as an estate. if we give out a loan it stays in our vaults. >> the necklace, talk about that you're wearing? >> this is beautiful piece t has 18 carats of diamond in white gold and this is actually a private seller in london decided to give it a new home. this is something we acquired. liz: how much? >> you know, it is definitely

in -- teens of thousands. >> in the teens. very well-priced and we're here to give you a deal so. david: by the way, speaking of deals, i was very impressed by these silver candlestick holders. look at these. beautiful, beautiful. i would have thought, of course i'm ignore roehm news when it comes to things like this but i would have thought 4 or $5,000. but $2,000 for the pair? >> 2,000-dollars for the pair, silver candlesticks, dated 1921. fairly rare an fantastic condition. liz: talk about this piece. this is how old? >> this is over 200 years old. this is a wine funnel and it is an extremely good condition. it is actually very, very rare. and for all of your wine connoisseurs out there, might be something you don't come across every day. david: back to the business of the firm. for loans that are given out, they are, they are quite expensive. the interest rate is pretty high. over the course of a year it can go up to like from 30 to 40%. i imagine people pay off as soon soon as they possibly can,

right? >> they do. at suttons and robertsons are loans are designed to be short-term loans. there is monthly interest rate. we're very regular layed by the state. david: there is a cap, the state put as cap of what 5%? >> less than that. it is 4%. depending on the item and client we range from 2 1/2 to 4%. we encourage your clients as soon as they can to come back and redeem their item. liz: do people come in sometimes with fake? >> oh, yes. we have a very, very, strong authentication process. we have you know, experts on staff. we have certified appraiser. we have gemmule gift. we have fine arts -- gemologist. we go through every step to authenticate the item. david: al hirschfeld was one of my favorite car cartoonists. that is why you need authenticators. it is easier with jewelry but when it comes to drawing that could be a fake. >> very much so. we have to do due diligence for

our clients. you mention the al hirschfeld. we have a fabulous collection in the store. part will go to the red cross to help victims from five typhoon haiyan. liz: anyone wants to take a bow where are you located. david: one more. >> we're located on 52 san diego and third avenue. david: get the camera back in -- 52nd. david: this is a man's watch. that is $16,000 man's watch. >> it is not 16,000 at suttons and robertsons. david: how much is it there. >> a few thousand dollars less. liz: such a deal. catherine bostock. good luck and welcome to new york. david: thanks very much. liz: how do top fed officials grapple with one of the worst financial crises in u.s. history? we have inside look at the central bank's actions as the economy plunged into recession. david: sleek super bike seen in the movie ton, may become reality.

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liz: this was interesting today. the federal reserve gave us an inside look how it handled the worsening financial crisis back

in 2008. david: some interesting stuff, particularly on the sense of humor of mr. bernanke and some other points. peter barnes joins us from inside the beltway with more. peteer? >> hey, guys. that's right. this is five-year anniversary of all these discussions back in 2008 as the financial crisis was unfolding. this is the fed's practice. so we got these minutes today, and they showed that at the fed policy meeting on september 16th, 2008, the dayyafter lehman brothers went bankrupt, fed officials were struggling to size up the magnitude of the crisis.% former fed chairman ben bernanke said at that meeting that he was kind of confused and a little muddled by what was going on but, quote, i think that our policies actually looking pretty good. but by december it was sinking in this was pretty bad. at the policy meeting in mid-december 2008, bernanke said at start of the meeting, as you know we're at historic juncture for the u.s. economy and federal reserve.

financial and economic crisis is severe despite extraordinary efforts not only by federal reserve but other policymakers here and around the world. then at the end of the meeting richmond fed president jeffrey lacker challenged bernanke saying i don't know how you evaluate this. you must be thinking in every moderate-sized recession henceforth we'll review the federal reserve's best policy as extended -- bernanke cuts him off. it is not a moderate recession. it is not a normal financial downturn. he goes on to say, you have to have a deep recession and financial crisis. that is pretty unusual. a century or once a century so far. david and liz? david: really historic stuff. it is fascinating stuff. we'll go into humor next time we have a hit with you. >> thanks guys. liz: see it on foxbusiness.com. be sure to check it out. we asked you on twitter and facebook if you think barns an noble will exist five years from now or will online retailers like amazon put them out of

business? craig on facebook wrote into say is barnes & noble still here? david: oh, that hurts. liz: many of them have closed. he is not wrong. david: let's go offdesk. you may remember light-up motorcycles from the movietone? -- "tron"? lotus and daniel simon that worked on the film unveiled plans for first of ever motorcycle that looks a lot like the famous brand. 100 bikes will be made in range of special designs that customers can even design their own versions of the bikes.% lotus refused to reveal how much they're pogue to cost. liz: sitting there they look fabulous also "off the desk," italian luxury brand fendi employed three drones to fill the catwalk show. the live fashion house streamed entire show via their website and social media while the models remained seeming unfaced by technology flying above their heads. the drones had ren green lights

and fendi lowing grow on they are not stupid. the drones they said allow them to be pioneers once again. david: "forbes on fox" tomorrow, 11:00 a.m. on fox news channel but now? liz: "the willis report" is next. have a great weekend. so she got a lyric in her life and everything changed. which one? u'll never know because the lyric is in her ear. 100% invisible. you can't see it d it's the only device that w works round the clock with zero daily hassle. no batteries to change. no taking off and putting on everyday. inheir report, a leading nepaper said "lyric appears to have overcome many of the problems associated with traditional hearing aids" call 1 800 350 3292 now for your risk free 30 day trial. this is the lyric. it's teeny... it's soft... lyric fits comfortably at the sweet spot right next to your ear drum for truly natural sound quality. in fact, 95% of lyric users

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