s&p flirting with record territory and oil rising and the bakken shale oil train. we'll go live to the cme to sew you what is happening. we have signature money-style throwdown on tesla, including a referee. look at that. rbs is paying out a billion bucks in bonuses. it is causing an outrage. does anyone care when google us did the exact same thing? even when they say it's not, it is always about money. melissa: oil climbing higher right now as the u.s. government looks to add new emergency regulations around transporting oil via railroads. over to fox business contributor phil flynn at cme. oil and natural gas is a big mover today. what is going on there. >> it is. we're seeing collapsing of the curve in march and the april mainly on changing weather

forecasts. melissa,, i think what is happening with the natural gas people are trying to predict where we'll end storage for entire season. a lot of people are betting we could fall below a trillion cubic feet. the question whether we do or not, can we get back to full storage before next winter and that is really what's driving the trade right now. melissa: this talk about shipping from the bakken shale, this was on front of every paper. every oil trader was talking about it. >> it is. and it is going to add to the cost of a barrel of oil. the competition for route space has already been incredible in that type of the world. because oil is taking all the space it impacted every market. even grains can't get down to the united states because of this. this type of crude, melissa, i talked to refiners, it is so pure, it is unbelievable. almost like coming out of the ground refined. while that is good for refiners it is very volatile, and very dangerous. and they want to check, every barrel that goes in. melissa: sure. >> what this is going to meann3

more money. right now it is costing a couple of dollars a barrel. melissa: more money and i understand it will even drive up the price of cookies? how so? >> it is. this is outrage, i know. right now because rail space has been taken over bit bakken shale, there is no room to move grains and oats and, we saw oat prices hit the highest level in five years. it caused a price spike. that means that your cookie price could go up at least 1.5%. this is an outrage. melissa: uh-oh. very clear just, we eat a lot of cookies in my house. we're out of time. thanks so much for coming on. >> gotcha. appreciate it, melissa. melissa: from gas to batteries, elon musk and tell tesla sending shockwaves on wall street. hitting an all-time high after announcing plans to build the world's largest battery factory with a partnership in panasonic. not everyone believes in this. time for a wall street throwdown

max fund dot-com jonas fax tariffs thinks there are bumpy roads ahead. jeff, make the bull case for me. >> short term, tesla is trading on sentiment. i will not speculate on six weeks. we've seen a lot of innovative companies where they basically become their brand. electric vehicles are tesla. what the prius did, i mean prius is the best-selling car in california. one of the best-selling cars in the world right now. it kind of made a lot of strides on hybrid front. it hasn't lost that brand. if tesla does it right it has a huge runway. it has a bottleneck on production. melissa: jonas, bottleneck on production. jonas, one of the knocking against it how can they possibly create batteries fast enough to keep up with demand. they're solving that problem. elon is so smart, well i build my own battery factory so i don't have a problem. why don't you like this, jonas. >> henry ford in rubber plants

in brazil because couldn't get rubber plants. he is genius. he is henry ford of our generation. this stock is selling as if it sell as million cars. you can fantasize with the world distributed power company with the factory and going into other things like some companies overpriced and amazon and apple did took over the markets, but reality i ace car company that sold 22,000 cars roughly. they have to grow 50% a year, which is expectation this year for a decade or more to catch up to like bmw car companies. they're trading at a third of the market value. if they're absolutely perfectly flawless and everybody has a tesla and number one car they will only be worth a little more than they're worth today. melissa: it is pretty crazy. i mean, jeff, the stock is so incredibly expensive if you look ad forward pe. trading at almost 70. gm is trading at seven. coke, 16. google 20. bmw, 10. why is tesla worth almost 70

times its forward pe? >> well, i mean i think you're, looking at coke is probably the wrong metric for forward pe. melissa: how about gm or google. >> i would, i would posit it is much better for you to look at company like linkedin, or amazon. had huge forward pes for a while and had big run-ups. valuation argument is old one. melissa: old and compelling. >> it didn't play out that way. because right now there is just not a lot of growth options and investors are willing to pay for growth in a company like this. melissa: get in jonas. >> there is not a lot of growth options is not good enough reason. it is old argument kind of how like amazon played out. if you recall amazon got really expensive in late '90s on promise of the future. stock fell 90% before years later caught up with the price. it delivered on promise. became this whole thing where it took over the world. but that might be tesla's future

but you're paying price today. you might see the stock fall 80% before it realizes those dreams way down the road. melissa: we have to go. you got to get our referee involved. i don't know. thanks a lot. >> thanks. melissa: retail stocks are soaring. shares of abercrombie & fitch teetering near double-digit gains. brian sossi of bellies capital got off conference calls with the several giants in the past he is here. start with target. what was the best question on that call? what did you learn that we wouldn't know if you weren't on the call? >> one of the first things i learned, melissa, target is bringing mannequins into their store. kind of goofy but very interesting. it might get people tight excited about buying clothe as target again.

melissa: you think a massive data breach that is evidence the data beach is having bigger impact than people are thinking? if so why is the stock soaring right now? >> stock is soaring because they came out and told us same-store sales, is about plat. flat is lot better than negative in the quarter but still the company had a long way to improve their sales. i think over next couple months you will see target go on a marketing blitz and promotional blitz to get customers back in the store. they're worried about their profits. >> i want to talk about abercrombie. you were on that call as well. isi is raising its pry target to 45 from 33. what did you see feel about the abercrombie call and how do you feel about that one? >> more brokers will raise the target for abercrombie. why? there is momentum behind the name. the company is slashing expenses quicker than anybody would have thought. traffic is down significantly and remains down significantly

in abercrombie in the domestic stores. more importantly the european business didn't have a strong quarter at all. i'm concerned about that. many other retailers are starting to turn the quarter in europe. am come by is also lowering prices. no good for me. melissa: yeah. although that stock is on fire. those investors are loving it. it is up almost 11%. thanks for hopping off the calls and on to the phone for us, brian. back to work. >> thank you. melissa: big bank bonuses enraged so many but why don't big tech company bonuses cause the same furry? no one cares. banks, they hate it. tweet me, tell me what you think. someone is paying out almost a billion dollars. it is today's "money talker." and california's meg ba drought could last 200 years. the true cost of that. more "money" around the scientists behind it coming up. when does your work en

does it end after you' expandedour business? after your company's gone public? and the capital's been invested? orn your compan's bought another? is iover after you' given back? you nevestop achieving. that's why, at barclays, our ambition is to always realize yours. melissa: it is the battle of the big pay day. while wall street executives are scrutinized for their

compensation their silicon valley counterparts are given a pass when it comes to massive paychecks. have you noticed this? the most recent exec bonus bash hitting rbs. word it is paying out almost a billion dollars in bonuses. we have a wells fargo chief economist, john silvia, and "wall street journal" senior writer spencer anthony. thanks to you all for joining us. i don't know if you noticed this, we were talking about this in meeting. huge paychecks in silicon valley, no one bats an eye. eric schmidt in google another $100 million just for being chairman. marisa mayer, signs on, given $129 million. i'm sure she was leaving things behind at google. that's why they did it, no one bats an eye. jamie dimon, $120 million. why is there a scandal. >> financial services and seems scrutinized. they want transparency. they feel they're the reason for the crisis. therefore any money that is

being given out is going to be criticized. melissa: spencer, is that what it is all about? >> wall street almost brought the entire global economy to the brink of a global depression. melissa: but dot-com bubble burst. >> that was a long time ago. i would say this. i don't think tech executives are given a free pass. they're getting more scrutiny, actually. it is interesting because i think the new bogey man could be tech executives because rising anger and discontent over inequality in america. tech executives are taking home the biggest paychex in the economy. melissa: what is evidence that it is shifting? john, are you seeing that? i saw people protesting outside of jamie dimon's house. i don't see them outside of eric schmidt's house. >> a lot of this is perceived value. when you talk about someone in the tech area, for example, facebook or google, apple, people perceive there is value in what they're doing. i think when someone goes to a bank -- melissa: there is not value in

whattfinancial services do? we all use the credit cards and atm and checking account every single day. >> go to the atm, not sexy. not interesting. it is just an atm. >> financial engineering. that is the reputation. melissa: but you think it is shifting? >> i do. if you go to san francisco, this is number one issue people are talking about is the 1%. they're protesting google buses. they're getting bricks thrown at buses. tom perkins, famous venture capitalist. he cause ad huge firestorm compared what happened to the google buss to crystal knot. that is a good example why tech executives are getting more scrutiny. not as much wall street -- melissa: they're not going after cheryl samburg or mark zuckerberg. >> it is people. look at everybody's shareholders are looking at where is the future, right? right at at least in the executive search world people feel that technology is getting us out of the crisis. technology is -- melissa: financing technology?

who takes the them public. who enables people to pay for those services online? >> you're thinking like a rational business person whh looks at financial services and understands it. most people don't. most people as you said, they're using their ipads. they're using their phones. they see the value in these companies. melissa: what do you think, john? >> i think it all cops back to perceived value. that was the story of ""moneyball"", the movie. some people sat at table, didn't understand why you pay the fellow. other people said this is why you pay them. there is perceived value. when you look at google, ipad, there is value. >> i would agree with that. i would go one step further. it is actually real value. if you look at market capitalizations of these technology companies are soaring. facebook is worth almost $200 billion. >> wall street, it is perceived value. what people -- >> value today. >> value today. >> might be less tomorrow. >> you got it.

just like major league baseball player. >> going up. the fact that these companies are creating value in the market is justifying these large paychecks to a certain -- melissa: we've got to go. thanks, guys. thanks to all three of you. some big business winners and losers when it comes to the president's new defense budget proposal. we're looking at possibly the fewest troops since before world war ii. and a higher reliance on machines and unmanned drones. our rich edson has the latest breakdown from d.c. how does it break down, rich? >> well it depend on what you're looking at in the aspect of this. when you talk about fewer troops in the field, you look at support that goes behind that. a lot of manned vehicles especially on the ground analysts pointing to perhaps some vehicles produced by oshkosh, general dynamics, bae systems. they're retiring specifics, u-2 spy-plane, classic from the cold war is retired. maintenance cost will go away from companies. literal combat shift.

they scaled back that one. hits lockheed martin and general dynamics. two unmanned drones, predator and reaper, that is built by general atomics. that will be scaled back. specific programs here and anything used to support troops will get hit in this budget. melissa: who else gets hurt? >> well that is pretty much it from that perspective, especially when you scale that down. as far as the winners are concerned, you look at the other side of this, you're building more of technology intense types of weaponry. that is right in the wheelhouse of companies like lockheed martin, and many of the others that we've seen. boeing is out there developing these types of technologies. that is why you saw many of these stocks hitting 52-week highs even during announcement where the pentagon is talking about scaling troops down at smallest size we've seen in decades. melissa: how are the contractors taking it? >> thus far, you know, right now the stock prices are taking quite well. there is still a lot more details to come out, melissa. this is just the president's request.

we don't get the full request until next week. congress writes specifics and who knows what happens with that. melissa: rich, thank you so much. always appreciate it. >> thanks. melissa: get ready because we're going to save you money right now. how to stop throwing cash in the trash. i swear, you are going to be so surprised when you hear what he says. we were dying over this earlier today. it is incredible. why don't people get as angry over bonus in the tech world as they do at big banks? is the popular perception fair anymore? we fought it out. tweet me, tell me what you think. you heard the segment. tell me your response. do you ever have too much money? [ male announcer ] handwere made for playing.

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melissa: we're looking at dow basically flat on the session so i wanted to show you best buy because some news is crossing on

that. they are announcing they will cut 2,000 managers and you can see investors there like that. it is trading up 1.6% so far on the session. all right, chew on this. americans are literally throwing away more than $160 billion worth of food this year. that is nearly a third of the food that we buy. you may think you know what to eat and what to keep from the expiration dates but we have got some very surprising stats that will help you keep your cash3 from going bad. it is time for your medical dollars with dr. manny. so this is a list of things that you can keep -- >> we're still overweight. melissa: right. throwing it away. >> throwing in the garbage. melissa: or yo cookies never go bad. fritos, never go bad. we're talking about healthy food, eggs, you can keep three to five weeks after the expiration date. >> that is correct. melissa: are you kidding me ?! >> go tooany country, they look,

expiration dates have a purpose, to make things don't spoil to get an infection. it is also to move merchandise around. melissa: say it isn't so? talking about money. >> i used to have a deli. a lot of it you really don't have to pay attention a lot to expiration date. melissa: really? eggs is not -- >> properly kept in the refrigerator, three weeks. melissa: sandwich meats, you can ignore it? >> nowadays keep them up to two weeks if you want to. basically, if, especially if the packages, a lot of these meats that come in vacuum sealed. again you keep them for, as long as they are properly refrigerated keep them for a long time. melissa: two weeks, after it is unopened. packaged dinners with the usda seal. hotdogs, i have hotdogs in my fridge five years old. that is no good. i how the hotdogs last forever. >> are they frozen? melissa: aren't they full of chemicals anyway?

>> like everything else. it is all about how they are packaged. it is about how they're processed and all about how they're stored. if you find products, for instance, in some grocery stores, there a lot of light coming through the window you can rest assured eating away nutrients. melissa: rotten before you get out of the store. >> if the temperature of the store is inappropriate. a lot of things come into consideration. that is why these numbers come into play, the expiration dates. i don't know where they came from to begin with. melissa: there is list of stuff you should toss. infant formula. i feel like that is manipulation. with infant formula, it is not refrigerated. >> not refrigerated but about the nutrients. there is a lot of degradation when it comes to storage. certainly don't want to keep that for a long time. melissa: we say meat here and we were talking about hotdogs and packaged goods. >> fresh meat. chicken. melissa: lettuce and spinach that is dangerous one. people don't realize. why is that one you get rid of? >> look how many cases of food

poisoning from fresh spinach and lettuce. melissa: yeah. >> as the lettuce oxidizes and everything is more embedded, more chances for bacteria grows and contaminates the foodfood supply, and ergo you get sick. melissa: keeping eggs for five weeks and eat them and sick i come to you. no, i will eat fritos instead. fritos are always safe. quick shoutout to netflix, having fun in the drone zone. netflix is touting that it is stung and cheek drone to home service. saying your dvd can be delivered within seconds and adding it to your queue anywhere you are, anywhere. it will be amazing to watch for amazon's response. hate to see that one. up next the megadrought causing pain in california. a new study says it could last @or centuries. this could have a long-term effect on industry out west with ripple effects from coast to

coast. china's toxic smog is getting even worse. some experts are drawing similarities to nuclear winter. find out how one guy is fighting back. "piles of money" coming right up there's this kid.

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>> words that ibm could start a major round of layoffs starting today, one analyst expects as many as 13,000 job cuts, charles payne follows ibm. this is one of those stories. part of it is coming from a union inside ibmm also an analyst at bernstein talking about it. it has a rumor feel to it. would the make of this? charles: any time we hear about jobs particularly good jobs being lost it is one of these not just a wall street story but the main street story and catchers everybody's attention and we're talking big blue, ibm

has had some problems and this is one of these rumors you can believe because apparently this union is part of the systems and technology unit. last report they put out for their last quarter that units of revenues down 26% and gross margin went to 38% from 44% in a year. obviously there are serious issues there and ibm will address it this way. cheryl: that the stock, trading higher on the day, investors looking for a change. interesting story to see how it plays out. over california the devastating megadrought is showing no signs of letting go. this before and after picture tells the tale, one scientist thinks the golden state might stayed dry for the next 2 centuries, 200 years. joining me on the phone is climatologist lynn ingraham who said this phenomena last 200 years. what makes you think that?

>> we study the past climate, looking back thousands of years and we see these patterns of black and dry and we see in the past there were periods of over a century of less than 50% to 60% precipitation and so we just kind of think these climate patterns repeat themselves, then we very well could be entering a dryer period. cheryl: a lot has to do with temperatures in the pacific ocean? in that it is cooler? could anything make a turnaround and get warmer again? >> it has got to do that itself. unfortunately it is just this big body of water that brings where we get all our moisture for precipitation and so we are at the mercy of the ocean circulation and what sets up these patterns of cooler water

off of our coast and. all we can do is wait and see if we are going to continue in this dryer period or if things turn around. cheryl: it is interesting, i grew up in california and a lot of farmers are trying to farm in the desert and they set up this complex aqueduct system to the water around places where there isn't usually water. are they prepared for this? we going to the two hundred years is it reasonable to think they can do something to keep farmers in place and keep people in place? >> a lot of these dams and canals were built in the 20th century and that was a relatively wetter century. s are going to have to be made because if we are entering an average dryer period, we really are not going to have the water, these forces we had before and also we have been granddaughter, that is like water in the bank we have been using that and so we really need to start banking

water underground which people are talking about now to prepare. cheryl: an important story for all our viewers because we get so much food and produue out of california. impacts you whether you live in california or not. we appreciate your insight. from the u.s. recorder of the globe money flying around world, starting in northern china where one guy is the first person to sue the government over the country's toxic smog. the fed up president is demanding compensation for the money he spent on safety masks, and air purifier, an indoor treadmill, outdoor exercise is no longer an option. would you exercise outside? looking at these photos you see why he would feel this way. the first is beijing on a normal clear day. next to it is how the city ooks right now. look at that just two weeks later. that cannot be held..3 switzerland, credit suisse acknowledging conduct by a small group of employees that allows

wealthy american clients to stash away billions in and tax assets. investigators say the bank has been holding up to $12 billion in cash, 22,000 accounts for those u.s. customers and the bank says it is ready to hand over more info on those clients. chief executive brady dugan was on capitol hill to face a grilling by the senate subcommittee heading to the crow. landing in brazil where sporting goods brand adidas is withdrawing its world cup t-shirts for being too 60. one shirt had the words looking to score and another seemed to show the back of a bikini clad woman. brazil's tourism board asked the company to drop the shirts thinking they promoted, quote, sexual to resume. very cheeky, sexual tourism. sounds interesting. up next, who needs the valley when you can go to silicon prairie?

find out how one entrepreneur left one of the most successful venture capital firms in the country to help create a tax haven in the midwest and at the end of the day it is all about money. we asked people a questio, how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many year that amount might last. was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethi this thing. it's hard to imagin how much we'll need for a retirent that could last 3yes or mor so maybe wneed to approach things dferently, if we want to bready for a longer retirement. ♪ if we want to bready for a longer retirement. can you start tomorrow? yes r. alright. let's share the news tomorrow. today we failrly busy. tomorr we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomow we go live... it's a day full of promise. and ten, that day arrives by train. big day today?

even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow mos. ♪ see wh's new at projectluna.com cheryl: cheryl casone with your fox business. bank earnings jumped 17%, the banking industry earned $40.3 billion last quarter up

from $30.4 billion the previous year. losses on loans jumped to a seven year low. for all of 2013 banks earned a record $154.7 billion. gillick packard has won a $32 million cybersecurity contract from the department of homeland security, will provide software security to 33 federal civilian government agencies to prevent network vulnerabilities and defense against packers. no homes sales surge in the month of january by 9.6%. that is the fastest pace in 5-1/2 years. according to the commerce department is single-family homes were sold and and your right of 468,000 beating analysts' expectations. sales in the northeast soaring on 73%.

melissa: move over silicon valley, there's a new player in the fight for text are ups, the midwest, one venture capital plan moving away from sunny california to columbus, ohio. silicon prairie. i like the name of that. drive capital's mark colodny, thanks for joining us. when i look up when capital is distributing a lot of places cropping up, like big money, ohio, western pennsylvania, missouri. what is the attraction? is there a lot of good labour? >> not just labor. over 25% of the united states research budget is spent in the

midwest with fabulous universities like university of michigan, carnegie-mellon, northwestern and many others that are minting phenomenal engineers the and the past those engineers if they wanted to follow what they wanted to do they had to go to silicon valley or boston. what you're seeing now is capital in places like chicago and columbus and other places where they can stay and build their dreams. cheryl: the government's more from the? california is pretty hostile in terms of these ups and tax structure and property prices. >> it is really crazy. i grew up in silicon valley and lived there in the 60s, 70s and so on, there was a report recently how selling in palo alto there were 1100 square feet with one cargo raws for the foundation was scratched, roof was leaking from a one$.6 million. gerri: you making that up. >> i am not making that up. it was right next to the train tracks. it is crazy in california.

for $1.6 million in the midwest -- it is not just about that. what has happened is we had a huge technology shift. with the invention of cloud computing, amazon web service and others you can actually be an engineer in columbus, ohio or cincinnati or chicago and not have to worry about the back end technology you had to do in the past to build facebook or google or these other great companies in silicon valley. cheryl: a lot of companies are ones everybody knows, groupon, orbits, scrub of the, career builder, one of the companies you are invested in went to silicon valley and they came back to michigan. how come? >> basically the founder grew up in michigan, became a computer scientist, went to silicon valley because he thought that was where he had to go. the great incubbtor after he got the idea for farm lobby, settle my customers are in the midwest. why would i be here?

why am i paying engineers as much money as that to say i am here versus moving back to michigan, where it is have to a third the cost. he moved back to michigan to be close to his customers, close to the great engineering talent that is coming out of places like the anniversary of michigan. melissa: you know what you're talking about going over to create drive capital. thanks for coming on the show. >> thank you, appreciate it. cheryl: closing bell and our way. lot going on in the last hour of trading always. what is coming up? liz: let me start by saying you rocket in this show. riveted, almost came down late. melissa: we keep the pace going. liz: my dad was a doctor and he said expiration dates adjust for the lawyers. hot dogs you can keep forever. 5, 6, 10 years. i know that you know we got new home sales and they have done the complete opposite of what

all the other housing numbers of done which have been down, they jumped 9%, it is a big move and it makes you wonder who is benefiting and we want to know who would benefit for you as far as the owning stock is concerned, we have the ceo of ethan allen coming up. we going to talk about what kind of action he has seen when it comes to sales of ethan allen furniture and what it tallest sellers are and what he sees for the future of the housing market. one of those so-called derivative plays and as we look at what they can put into your home is the new home sales that tend to benefit the kinds of companies like ethan allen. i also want to mention everybody is looking and waiting for j.c. penney numbers "after the bell" today. watch out. there is another store chain you need to be watching out for because it may really provide a much worse situation than j.c. penney, we will talk about that and more coming up. melissa: thanks so much. you only have a couple minutes left. up next, so many airline flights already cancelled this winter we

are going to tell you how to be sure if it you book actually makes it out. guess what. it is all about money. there's a formula to is this, you cannot afford to miss it. we will be right back.

melissa: j.c. penney is the stock that is reporting "after the bell" and analysts are saying any date, relatively significant up 3%, a dead cat bounce, looking for revenue to fall slightly year over year but earnings out "after the bell"

and investors spending ahead of it. now some fun with spare change and hopefully this helps you from wasting when you bookkyour next trip. the cancel -- it is real, might be targeting your next flight. here to explain his travel expert mark murphy. the cancel later is an algorithm the airlines use and they all use it and it helps them decide which flights to cancel. >> it is computer-based like the airplanes fly based on computers. melissa: and not looking out for safety and get skilled -- killed by a snowstorm? >> it is a lot of things i grew changes, moving one crew from dallas-fort worth and wants to get them to chicago said they make sure that crew will connect with a flight to london heathrow. melissa: priority to get out before their storm closes? how did they get priority? >> in terms of getting those crews to their next flight or if you're talking about a connection, say you are on the connection of a lot of people business travelers, high-yield travelers that will get a

priority over a flight that will end at that destination witt leisure travelers which book far in advance and a lower price than the average business traveler. melissa: there's a delay at the airport and they're trying to figure out which likes to ground. >> profit has a big -- melissa: there is an algorithm, not just who is waiting the longest, there's nothing fair about this. it has to do with our there a lot of business travelers that pay a lot of money that flight goes first. >> is not just the weather or mechanical delays, it is crews, connections. melissa: and how much people paid. now that i know about this how do i game it next time i am booking a flight to pay more? >> it has so many factors outside your control. you can be proactive and book with a travel agent. travel agents book 50% of all tickets. so let's say you are flying and connecting in dallas but your

flight got the late on the way to dallas a you miss your connection. the agent is aware of that delay, already read booking you so by the time -- melissa: having some food? >> a good one no, they're working on your behalf. melissa: late in the day flights? >> what happens is it goes later in the day those issues stack up and then a domino effect and you may not get out. if you taae the first flight out of the day you abbott better likelihood -- melissa: which flights are rather more business travelers on? at a three cross plane? how do you figure out the the big money guys are on? >> rush-hour. 8:00 in the morning business travelers on wed 5:00 to 8:00 p.m. look at those flights that are all little later in the morning or that very first flight in the morning. melissa: thank you. interesting. i knew there was more to it. it is always all about money. you heard it here on fox

business. the ceo saying of the bitcoin exchange is going nowhere. is the currency about to implode or is this just the i rocky start to something fairly great? you can never have too much bitcoin. i ys say be thman with the plan but with less ergy, moodiness, i had to dsomething. i saw mdoct. a blood test showed it was low testostero, not age. we talked about axiron t onlynderarm low t treaent that can restore t vels to normal in about two weeks in mostst me. axiron inot for use in womenor8 or men with prostate or breast cancer. women, especlly those who e or who may become pregnant, and children should avoidt ere axirons applied as unexpected signs of puberty in children or chgein body hair or incased acne in women may occur. report these symptoms to your doctor.

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melissa: fused in making money today, surprisingly anyone who owns target, a big sign, talking despite lackluster earnings report revealing falling sales and income, profit above estimates, enough to please investors, shares trading up 7% almost, one person making money is the chief executive, greg stein who owns 1.5 million shares meaning he made $5.5 million just so far today. very nice. making money from our nation's buying a initiative is boeing, getting them to billion dollars

to build another 16 long-range maritime spy planes for the navy. the new spy aircraft will replace an aging fleet which has already been used for more than 40 years, they are based on a version of the 737 used anti-submarine and anti-war care surveillance work. they are proving to be very popular. eight have been ordered. boeing stock right now is down 0.2%. also making money the california -- did you hear about this? the california couple that may have stumbled upon one of the greatest treasure trove is ever to be found in the u.s. the anonymous below was walking their dog in the backyard when they stumbled on rusty metal cans. inside they discovered collins from gold rush era worth $10 million. currency experts have confirmed the coins are authentic and the new mint condition. others will be displayed in an upcoming exhibit. they will have a lot of new

friends. those are nice. turning to bitcoin, the virtual currency having a tough go of it lately. key:derivative market suspended trading after a key exchange partner mount gox has gone dark. mount gox was subpoenaed by federal prosecutors. fox business obtained logs from mark cartallahs, they're not going anywhere despite the site being offline since yes day. is it time for the currency to be regulated? massachusetts bank commissioner david kochneed joins me. what do you make of these? the ceo say they are not going anywhere. what do you read into that? >> i think in the wake of the shutdown on line of the mount gox exchange there are a lot of unanswered questions, both technical and legal and i think we are all going to look forward

to having those questions answered in the days ahead. melissa: in answering those questions they received the subpoena from federal prosecutors. what does that mean? what are they looking for? >> i am sure they are looking for a chain of events to determine whether anything illegal, any fraud occurred because there are many people now who are asking where is my money? melissa: what do you think needs to be done with bitcoin? doesn't need more transparency? more regulation? what is the answer in your mind? >> when i talked to financial institutions, consumers, businesses they all want a payment system that is more secure, more real time and less costly and for the defenders of bit:they say this answers many of those and to that end, state

regulators from around the country through the conference of state bank supervisors, we formed a task force to look at these emerging payment issues as well as the legacy payments to determine with this these should be further regulated and how they should be regulated and to folks within the bitcoin world many of them even say to the extent this can become a more regulated type of transaction that will lead to consumer confidence. melissa: consumer confidence, the whole deck of bitcoin makes people feel confident, they want the government out of their business and inherent to that is a lot of risk and i feel like people who invest and transact in bit coin understand there is a risk and it is worth it because they don't want the government snooping into what they're doing. what is wrong with that? >> there's nothing wrong or illegal per se of this bitcoin network. but it is important for

consumers to know that this is risky, this is not an fdic insured type of deposit activity. melissa: you don't think they know that? is that enough to satisfy? this is very risky, is not backed, it is not insured, the government is not guaranteeing anything going on, buyer beware. would that satisfy you if there was that disclosure for every transaction? >> again, disclosure is probably one of the things we will be looking at to determine what information do consumers need to make some type of informed decision? and if they feel a traasaction that may not be backed by any deposit insurance that may have less protection than that may be the way we go but we just need to get further information on the best way to ensure that consumers have the information they need. melissa: thanks for joining us. we appreciate your time.

that is all we have got for knowledge of you are making money. tune in for my interview with florida governor rick scott who is making florida a hotbed for startups, that is tomorrow at 2:00 p.m.. count down with liz claman starts now. liz: new home sales jumped but existing home sales dropped last week. the worst finally over or just starting? how about asking the titans who make the stuff that goes inside new homes? ethan allen the upscale furniture store whose stock price has shot up 150% in just the last five years. the ceo with us live in a fox business exclusive. the tumble from the top, the bitcoin exchange telling fox business leave us alone as investors and now federal prosecutors scrambled to unravel this virtual mystery of the missing millions. is this the death knellor