and j.c. penney or best buy? even when they say it's not. it is always about money. on the move today the s&p kids the all-time high with the dow's sees big gains mark, tell me about the market are you feeling the conviction? >> a lot of people don't have it the s&p has moved to new highs but has not been joined with indices like the dow jones industrial average that is below the all-time highs. and the wrestle is closing -- the russell 2000 is not in high territory but they want to see these new indices with volume before we can have more confidence. >> you like energy?

>> it is incredible just the last two days is started off now we see huge moves with crude over the last two weeks and energy has been a laggard but is just now starting to participate. it is a good risk/reward sector ahead. melissa: few manna -- humana , my eye but it's now humana says these deductions are in the neighborhood of 3.5% that is far better than 6%. the industry could be in trouble if they come in at 6% but if they are bright they will be in much better shape along with wellpoint. melissa: mark, thanks. carl icahn is firing off

harsh words today from either way -- ebay. we have james freeman from the most regional and also charlie gasparino. >> i don't care what they say i will interview him at 4:30 p.m. by go way. to you have an impression? [laughter] this is great material as a pre-interview carl icahn has a reputation to buy the stocks and then blows out like he did with apple but with ebay he really feels those running the company are running it into the ground. melissa: they always say that. they go long and loud. make a big splash. but this is his story every

time. >> before we go along with carl icahn to trash the board members of ebay he has accused them remember they have made major contributions to the american technology industry. every business has conflicts but do you market -- manage them correctly? they accused the board member when they were selling stipe it did later sell for a much bigger price i am not knocking him he plays a useful bold but be careful before ww trash them >> i actually like marco lot but what i like about carl is he brings up the insider game that the average guy on the street does not know. with the conflict of

interest at these companies they pay the board members very well with access and carl comes to disrupt them. >> whht apple did was good. it will buy back more stock. he put the pressure on them. you have all this cash investors need the money given back. melissa: but isn't that the nature where they bring other expertise? if you eliminate conflict of interest somewhere? >> someone with no conflict probably has very little spinet the entire obama as treasury department's. [laughter] i agree. >> they create a lot of things they are well connected.

we should benefit. >> but disclosure is good. melissa: but carl icahn will cherry pick ideas if he can get attention to drive the stock to the direction to make money. melissa: been a fair did that whole article that this is different? >> i believe means take a position in a stock to advocates the company do something. i don't think that is bullying. a lot worse stuff goes on them that. investors should cheer on the guy like this that brings out, listen. he is a speculator. melissa: but with mark with ebay is a meaningful? >> i don't see how bad example where he recuse

himself but he wants to separate the bay from paypal weather are they better separate? if you are a shareholder you better hope he is right. that is not a given you can see the value to ebay with that. melissa: splitting this company? does he care or just trying to make his money? gimmicky is talking about shareholder value. melissa: i am not trying to prove against make money and it get in and get out. god love you but it is different. >> i would just ay it needs to be broken up which is my personal opinion. but he performs a market service. he gives us insights into the board.

>> give them their day in court. >> they can come on and. >> look at their contribution. >> he just financed different companies. >> by the stock. melissa: we had other topics but no hope to get to them. the market is up 180 points. next the smart phone class continues we will go live to the samsung store downtown. taking over the automotive world? this senior vice president is here on how it is helping. more money coming up. there's this kid.

coach calls her a team player. she's kind of speci. she mas the whe team better. he's the kind of player that putthe puck, horsbullet. right ere it needs to be. coach calls it logisti. he'sdependable.ss.

a winng team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like mom. my grandfather. i'm veryround of him. her. them. melissa: taking a look at the markets today on fire. dow jones industrial average up off the highs of the session but 1.1%. big moves with health care. united health care group up 3%. also better than 2%. s&p 500 up 19 points almost

1% as well with the intraday in the nasdaq trading higher 1% as wwll. a smart phone smack down officially andre barcelona we're getting details of the samsung newest galaxy right now joining me from samsung studio and also here in the studio our tech expert. what is knocking off your socks? >> right now parcelling the handiwork is unappealing we s5 also the galaxy six but first s5 three headlines. if you're interested. 16 may get pixel we are facing camera. also a built in the heart rate monitor this is the first time that will be inside a cell phone. also the figure print sensor

that takes a page out of the i don't. also the galaxy fits this a fit big competitor to track your steps and a heart rate and realtime data. but it will notify you through e-mail's and fall calls and text messages. so it also will get your realtime data with the x5. melissa: what do you think about that? canada galaxy be the iphones killer? >> no question. they are gaining so much more market share. nobody would have thought that three years ago but with the android operating system in wearable technology the android is the perfect platform. melissa: it seems like nothing can compete with see dash sawed cool with those teenagers they want that.

>> i don't agree. it is changing three years ago you were correct there was something appealing butt@ with functionality and usability android is the place to be. melissa: you are not listening. what is the truth? are they surpassing the high phone? >> it depends how you look globally samsung dominates offer a wider variety of phones that people enjoy especially international that maybe don't work as well with the apple operating system in the united states it dominates so samsung is trying to create a larger market share with a larger variety of products. the made a major play to break into the markets in the u.s. to make themselves more appealing ahead of the

dash six coming out this year. is this all we will see? we will get a closer look the next hour. melissa: and nokia is in the middle of a takeover by microsoft incorporating android software that is a google's product. does this make sense? >> the whole microsoft nokia's thing i don't think it will work out. i have been watching the samsung market and the sony that comes out that samsung is mind-boggling. melissa: they said they're making blackberry messenger available to other platforms. are there to people left who used blackberry? >>. [laughter] they are trying hard day are

offering it to my phone and supposedly there was no waiting list they will not give actual numbers but the claim is millions but the blackberry stock went up last week on news so there is some potential but they try to ride the wave as much as they can. but it remains to be seen with other popular messaging naps. melissa: i have no one to message. it is just me. [laughter] brace yourself. a brave souls not on the nerves of steel but how protected itself space can be in barcelona tech 21 shows how durable the secret ingredient is by wrapping the plastic around his

finger and smashing it with a mallet to. it has the intelligence molecular structure their projects more than accidental dropping. i will take your word for its. mexico gives japan a run for its money. south of the border is making more cars for us and then ever before. hall mexican manufacturing is a force to be reckoned with. before bond insurers are bidding together to get their money back from the city in realizing it is a no-win situation in. can you ever have too much money? those litt things still get u.

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melissa: make way for drones french car manufacturer looks at the newest concept car one thing and has is a complementary drone you can set it to dispatch with gps cornets or just in case he wants you do top-secret covert missions on the way to work. it is only a concept but hopefully renault will manufacture that. i want one definitely. >> we kiam planned production, that is why you see more production coming out of japan it ttkes back the traditional role of export for the smallest market. the trend of localizing production will not be

reversed but will continue locally as much as possible. melissa: localizing production plan that was an exclusively on opening bell this morning with maria bartiromo. mexico has passed japan is on track to pass given up for the largest exporter nissan is the largest company in the country. for purchasing for nissan u.s.a. white you move so much production to mexico? >> thank you for inviting me. let me point out we decided to make debt strategic decision many years ago to centralize production with entry-level cars in mexico because of the ability to make those cars that is low-margin segment and traditionally. so we opened a factory with

a capacity of 175,000 vehicle. a total capacity is 800,000 units. of that last year we exported 250,000 to the united states. it is an important manufacturing base. melissa: what changed with the margins to make it worthwhile? you supply the of -- you trust a supply chain? what was that final step? >> the critical issue we believe making cars new to the market where you sell them. looking at that 800,000, two under 50,000 comes north another 50,000 goes out to. the rest we feat the mexican domestic market. melissa: so when do you move

that production back to america? >> we don't need to if i can be clear. we built over 800,000 cars in the united states at our plant in tennessee and mississippi. refocus our capacity in the united states of the larger more expensive cars that is a price point for the consumer for a reasonable return. melissa: economists say delaware seve manufacturing return to the u.s. as energy becomes more cheaper and also robotics to make labor cheaper do you envision down the road it would come back more to the united states? >> we have brought more back to the u.s.. production last year was almost a hundred thousand units. that is 22% higher than the previous year because

delocalized those cars like -he new crossover. melissa: we appreciate your time. >> your welcome. melissa: wall street firms and city residents fall victim to the detroit blueprint you cannot believe the amount of money people are losing. piles of money. coming up.

melissa: getting a big bomb today nicole petallides is that the new york stock exchange. >> we have the big moves on wall street. dow jones industrial average is up today look at the names following closely. men's wear house and jos. a. banks.

but men's warehouse boosting more than 10% but it is contingent upon the fact of the data and get into the deal weber proposing with eddie bauer. this could be to the tune of $1.7 billion. loss vegas sans another name we're watching closely about expansion in japan. to see if they're willing to spend 10 billion to move into japan there on the second to macao with revenue generation a lot of casino stocks are doing well. also the new high is today but look at that aero. now life lock protects identity but you have a law firm looking closely at life lock marketing and

advertising practices and hour under investigation in moving to the downside about 7%. this is just beginning what shares have fallen 12% since the close to. melissa: that is a story to watch. cashing in to go corporate does not always pay off. the facebook baby loses luster s they leave for more secure pastors and that three hour service outage did not help. hour grew rude joins me for food can benefit great to see you. melissa: what do you think about this? there is facebook for tedium the kids don't think it is cool spinet that three hour outage was bad timing but twins a dental. clearly paying $90 billion for that app should have

bought the extended warranty [laughter] but why do people think the empire owns it we will go elsewhere why it doesn't anybody else say they don't think the same thing will happen? melissa: there under the radar they're not the first company but the nsa says who should we call? facebook or google's comes to mind but these others the nsa have not heard of yet. >> you think so? the guys that are entrusted with our safety have not done enough research? gerri: i do. they are government officials stuck got the big names. they will figure it out to be run less likely to be listened >> they said me will be

anchored did nobody else can read it. and the consumers just the same as slamming the door on a car. is inconsequential. they believe the message has nothing to do with functionality. melissa: how do you turn that around? >> would go back to budweiser with the classic commercials. [laughter] people love those. that is what i would do. bring those back. i would do a private label. to understand consumers want a more intimate way to communicate and with apple owning the messages is a big problem for facebook. it is no different than all those people mostly kids

hits tumblr it is just a big company but it is no different. melissa: but facebook has no privacy people are worried about that also it is just not cool. >> they have to figure out a way to change that. the fastest growing groop on bass group is he your age group. >> no no. much older issues grandparents. >> how would you overcome that? my daughter will not even french to be on facebook she does not want me looking over her shoulder. [laughter] melissa: from every corner of the globe starting at the vatican where increasingly popular pope francis orders

a new department to be created to oversee all economic affairs. veals trillion cardinal will act as comptroller to look look over the financial plagued system to have authority over economic activity. in sydney australia the guru have pledged to add money to the economy. central bankers representing over 80 countries will increase investment and employment was post austerity. i don't think alike those details. hopes it will boost gdp more than forecast. in the ukraine storming protesters have found a treasure trove with the fugitive a president. taking over the estate uncovered financial documents that shows millions of dollars worth of

assets including 12 million in cash also tea room decorations worth more than $2 billion. and a statue of a wild boar with a $100,000 value. to try on the brink of bankruptcy how this could harm in the entire municipal market and hit your wallet. at the end of the day it is all about money. i keep telling you that. adg flor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everody could have a magic seashel [ distinct talking ] [ le announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] the magic ell went back to being a...shell.

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>> fox business brief radio frequency chipmakers are combining in avon $.6 billion all-star deal they will have more than $2 billion to compete for mobile handsets. at&t is planning to rebuild the network controlled by software. the new network to pay the billions of dollars. harold premise has died in also a writer and director of caddie shack in battled a rare autoimmune disease. 69 years old. a market rally on our hands

today continuing throughout the day today. this is the latest from fox business, giving you the power to prosper.

melissa: now where a controversial proposal for city of workers crying foul the motor city asking people to take pennies on the dollar for the bankruptcy.

this could threaten the foundation of the $4 trillion municipal-bond market. our guest has experience with these bonds. michael, looking through your portfolio you made money on detroit bonds a number of times you moved out and made a nice return. what do you think of this deal put together? >> i think it is a necessity you had a substantial decline of the regional economy of detroit. over the last 60 years manufacturing 90% in the 50's left the city. you have a fundamental problem with a mismatch of revenues and costs. 70 percent of the cost is fixed such as debt service for paying benefits to beneficiaries. melissa: i want to interrupt

no question they cannot pay their bills. what is interesting about the solution everybody screams at the same time. everybody is miserable whether bondholders or pension holders may be used struck the right balance if nobody is happy. >> sure. everybody has to feel pain. this city has raised taxes consistently and they are add up point the second most indebted city in the state of michigan. how much more can you get? bondholders are upset because raising taxes is not part of the plan so the bond is secured by a pledge to raise taxes and we don't have that. it is a very supply-side approach to cut cost. melissa: you are a municipal

bond investor that they are treating general obligation bonds, does this undermine that market going forward? to say you're not investing is specifically but would you buy general obligation bonds again? >> absolutely everything in the municipal market now has been much more credit oriented. before 2008 when 70 percent of the bonds you could rely on the credit counterparty to do the homework. now you have to delve into credits we recommend active management and do your homework. we continue to buy general obligation bonds but emphasis is more placed looking at the security structure. melissa: what they are doing is monumental you don't

think this undermines the market going forward? to make it does that any michigan municipalities peyser a pretty substantial yield premium in this market as a result of. this is extreme with real money if you go out 30 years issuing debt at four or 5%. melissa: you have a long list you get in and out would to get back in it? >> price heals all wounds. not now but may be in the future. melissa: i love it. thank you. one hour away from the closing bell what you have coming up? >> you were just unfeeling as samsung phone we will ask

a guy who was in a great position to know the former ceo of apple. "fox business exclusive" he will look at the brand-new samsung galaxy x5 and compare it to apple. also about the security breach and that apple and george foot they need to do to come back. also the former commerce secretary to terah says asking him about the ukraine for any company that does business in central europe we will talk to him about what is coming on. this is interesting. tinder it is an act. , and application the hottest dating application all the sochi athletes are using a. we have the ceo. melissa: that is not his real name. [laughter]

every also watch the markets melissa: you know i am a sucker for a good franchise. this is smoking pot. behind the first ever e-cig change. you can never have too much money. in the newew york, we don't bk down. we only know one direction: weso we're up early.ection: up late. thng up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. start a new business here... awith new jobs,s new opportunities. anthere's only one way for your business to go. up. find out if your business can qualify at start-upny.com

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melissa: the market is on the tear again the market up 174 points. moving another 1% on the debris of will have a smack down later if gold is a good investment or not. it is up $14 today. look at wheel. rally mode half a percent

any gold? noel white am sorry. where do we go now? we have ashley standing by thank you. bieber falling apart. >> mentioning gold and oil but gold is showing gains after the inconsistent last week interesting ford picked blackberry's for the system and i find that interesting. the other story coming out of barcelooa talking about thh latest news from nokia coming out with a cheap phone that uses the android operating system. but why android? because it will be taken

over by microsoft and android is google's deal and is a competitor. to that is interesting but nokia is trying to get into low end mobile handset market. melissa: thank you ashley. time for "spare change" i love franchises but this is smoking pot. palm beach vapours has the first e-cig franchise. the owners to join me now. talking earlier i had to wonder to myself why do i need a franchise? i feel i can just open one. >> that is kind of true but you can also open a sandwich shop. but we have done is a system where franchisees' can

become successful very cookie cutter. melissa: why would i open a franchise verses' opening my own? tell me what comes with the franchise what is the start of cost? >> one of the biggest things that we offer you cannot get are your own is the back end system. we have a way to get the lowwst cost on the juice and where we get our hardware and systems in place. advertising to make it as turnkey as possible. melissa: you have a lot of folks -- locations already opened missouri, alabama, texas, the orlando, indiana, what does it cost to start this up?

how much can i expect to make the first year? >> the basic franchise fee is $20,000 then we have a ready package that is $49,500. but that is a completely turnkey system. your expenditures are very limited. you may have rent deposit, a first month's rent and business insurance. melissa: what can i expect to make? >> your gross margins are about 70%. our first or in oklahoma is to theale to do 450,000 and 1000's. melissa: deadlock.

>> we appreciate it. melissa: who is making money? this guy has seen tough times but something tells me he will pop champagne at the closing bell. you can never have too much money. there's thisid.

coach calls her a team player. she's kinof special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great pass dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this imy dad. somebody like my mom. my grandfather. i'm very pround of him. her. them.

seven. melissa: whether on wall street or main street cheering is who is making money today. blackberry messenger service is popping to date being available on windows and nokia platforms. shares are up 10% the co-founder is still the biggest individual investor in the company b'rith 26 million shares and has made $24 million. also kellogg's investors pop t.a.r.p. maker announces a

stock buyback program by the end of the 2015 fiscal year it is committed to returning cash to shareholders it is up more than 1.5%. losing money today anybody with merchandise the danish vessel lost 500 containers in the indian ocean after caught and hurricane force wins some containers were forced off the ship and caused others to collapse on each other luck at that. it is the biggest recorded loss of containers at sea ever. it turns out they do go over. hitting a four month high prices continued to shine to date we have george from rb seibald management and scott

who was also a fox news contributor. you were always bullish on gold. >> and have been since there were too many beers and the widespread now we have the teetwenty meeting and it thermal oil and currency devalued. melissa: but that is not new >> but a lot more since december and last year because of the up for performance down 28% now it is up 28% people were under invested. now going back to asset allocation but there is some differences people have not mentioned the divergence has stopped it is up 170 and

gold is up? melissa: but that is the problem. you don't want to own gold when it trades like stocks it does not give you a dividend or diversification. a lot of those conditions have been going on over quarters and gold was smoked last year. also that taper is going on on, the fed is pulling back that is not a good environment for gold. the fact that the inflation the cpi is to present or low and there is no inflation anywhere or to have golden your portfolio. >> click international with japan, china, india, the demand for gold also the central banks back into purchasing gold and why it has been the most

misunderstood asset. people think it is only the answer to political problems or stock-market fluctuations for the short-term but actually it is much more than that and if you take go look at why it is necessary with your portfolio allocation, and we will see we are in the inflationary model. >> it has a hhstory of losing value. versus stocks or bonds you have lost 10%. that is too much to have. this turmoil of the emerging market is bad for the metal. they are shoring up their own funds they don't have enough to export. i would use the rally this year to get out. if you are inviting gold

right now you might as well have justin bieber into your neighborhood. >> i think it can lift venezuela or argentina. melissa: thank-you so much. the show is over. i hope you are making money today. we will see you tomorrow. >> the i found killer? danowski of song and fails just as apple tries to defend itself. as ukraine explodes what is the biggest challenges former commerce secretary could year is has been there , done that and what advice he is giving