at one point. what is going on? [closing bell ringing] >> they are came out with a great quarter. beating their buddies, american ebel and aeropostale. david: a bit of a mixed picture here. we see all in the green. that is good news. the s&p just barely eking out a gain although we may see it go negative as things settle. it is all in the green. a wait-and-see attitude on the part of the marketplace, particularly waiting on those jcpenney numbers. waiting on ideas what will happen with consumers. we should mention housing is a consumer market. consumers buy houses. they have been buying a lot of new houses. that has been helping those stocks tremendously today. individual sectors doing quite well on a day when the overall market is basically flat. liz: that lead us to the first of our front page headlines, the housing market, a surprise any wwy you slice it. new home sales did total opposite what existing home sales did last week.

they rose to a five 1/2-year high, jumping 9.6%. increase coming despite cold weather. david: we thought cold weather would keep buyers away. not so. lowe's reporting strong growth in quarterly sales. they increase the 5.6% to $11.7 billion in the fourth quarter. liz: target stock on a tear today. the big box retailer, quarterly profit fell 46% but investors appeared to believe that is okay, the worse must be over this after the massive cybersecurity breach that compromised personal information of tens of millions of target customers. david: book seller, barnes & noble higher after a return to profit in the holiday quarter. company is announcing plans to launch a new color e reader late they are year. liz: anheuser-busch, the world's third largest brewer, helped by a one-time gain in brazil and cost cutting in mexico.

david: good news when beer is doing well. of the russia testing the combat readiness in their western hemisphere right near the border including base with that board border near ukraine. they say it has nothing to do with the overthrow of the ukrainian president. not many people believe that. "after the bell" starts right now. liz: as we bring in our all-star pap nell to help us break down all of today's market action the numbers on jcpenney are being digested at the very moment. we have mike sorrentino, global financial chief capital strategist who says investors need to be very cautious about everything from jcpenney to other stocks. we have tony from strategic wealth partner founding member who will tell us which investors benefit from current policy as far as the monetary world is concerned. and sandra smith, standing by with todd horowitz at the pitts of the cme.

todd, let's start with you. >> hi liz, how are you doing. how are you david? our market had a very strange day. the market tried to go higher on the housing numbers around i think they were pretty much priced in. liz: hold on a second, todd. we have the numbers sorted out. adam shapiro has them. >> the loss coming in at 68 cents. the street was expecting a loss of 58 cents per share on revenue 3.8 billion. street was expecting 3.85 billion. a miss on revenue. couple things people look at is the gross margin is 28.4%. keep an eye on that. it was below 29% it has been around. one other thing is that their online, jcpenney.com, sales at jcpenney.com grew 26.3% for the quarter. back to you, liz. liz: we're also, i think gross margin numbers are expected to improve in q1 versus last year's

first quarter. people are looking at gross margins when it comes to this whatever money are you getting how much do you skim off and keep when it comes to the margins. david: one point is, they were expecting, some analysts were expecting gross margins of 29%. anything below that figure would be a disappointment. the stock as you can see is rising after-hours, less so than it was initially. it is up about 5% t was up about 5%. it is moderating a little bit of the adam, there was good news on the online sales. that 26.3% is pretty impressive. go ahead. >> david, one other thing. liz in the 3:00 our, "countdown to the closing bell" they were talking about the liquidity position where the stock has gone down to five bucks. they have excess $2 billion in liquidity. that is important. they have to get through this next quarter, this next year. david: also the burn rate, the cash burn rate was very high for this company. capital spending is expected to fall. if they have liz, a $2 billion

cash position, that is much more than what analysts were expecting. by the way the market cap remember for the entire company is just 1.7 billion right now. liz: 2 billion of liquidity in excess of that at the moment. all depend on how they can conserve some of that cash and let's bring in all of our market participants here. mike, let me get right to you. what does this say? is this a thumb's up for the consumer who decided to go back to penney's or is it about penney's? >> to me if you look at the consumer right now we would not be interested in jcpenney really at all right now simply because of the macro environment for lower income consumer right now. we feel they will be under greater pressure going forward as obamacare rolls out. as the fact we're seeing wage growth being negative for that segment of the consumer. we wouldn't actually look at jcpenney for those specific reasons. david: attorney any, our brother there, todd horowitz at the cme, he think that is the start money

is getting out of this market. the money that is coming into the market are retail investors and it is a suckers game right now which you say what? >> i'm going to have to say there are two trend we're watching right now. the last time we had a bear market it was followed up by the 10-year treasury in nominal gdp growth. so as the, as the 10-year yield started to come close to the -- david: tony, i'm going to stop you right there. none of this, get to the point. is this a sucker's game right now? is the smart money getting out? >> i don't think so. the fed will continue to have easy monetary policy. i think it is clear. the money will be easy. liz: sandra, i know we had mike sorrentino just on talking about how he would not recommend these kind of things and that he is a little bit more cautious but we had the target numbers. investors were not cautious at all. the numbers were down yet the

stock moved higher. these companies when the sun finally comes out and spring come, as ceo of ethan allen said in the last hour things might start to get better. you want to get in now? >> that is a great point to make, when it was snowing and coal outside so many people stayed in. online sales got a big bum as we saw with jcpenney. a lot of folks put off purchases they usually make in store we just her that from home depot. they're very optimistic for the outlook in 2014 and particularly the last couple months. they believe as the weather warms up people will go out as they make the purchases. we heard the same thing from lowe's today. while the consumer held back the past couple months, we might certainly look at a lot of -@pent-up demand that might show up in these retailers in the next couple months. david: todd, i quoted you say the late money coming into the market is average retailer and smart money gotten out.

i did the heavy lifting making your point. you make it for us. what is your proof of that? >> my proof is that we're seeing a tremendous push in treasury by traders in the flight todown quality right now. we're seeing a lot of money flow into gold. we're seeing a lot of money flow into silver. we're seeing a lot of money to go into investments. pros are coming out, seeing retailers, like a boxer carrying the retailers, let them push the market up. david: todd, we showed yield of a 10-year, it is down to 2.66. where are the signs this market is about to implode? >> that's what i'm saying. but the yield is going lower. people are buying the treasury bond which is bringing the yield lower which is a flight to quality trade. liz: maybe flight to expediency. sorry. mike, weigh in here. i know you have a bit more of a colored view with a little more gray thrown in. men's warehouse, joseph a. bank, sandra named all these, target,

isn't there a better place to get a stock up about 2% on any given day? >> he well, yeah, absolutely. this goes back to the fact if you're going to be in consumer driven stocks i would recommend sticking with stocks of the higher income consumer would be interested in. tiffany's, michael coarse, the stocks that worked well last year -- michael kors. with this bifurcated consumer we got, i think it will continue to be "a tale of two cities" for sure. liz: why do do you like norfolk southern? what is it about the railroads? they ship a lot of products to the stores and they're big in the energy world. >> we don't have a position in norfolk southern right now. liz: i'm so sorry, that is tony's pick. tony, let me jump to you. that is my mistake. why could you like norfolk southern? >> right now we're experiencing the coldest winter in 30 years and rails, we're using up natural resources. natural gas is up to a four-year

high and i think people will start pushing towards using coal as an alternative. well, coal is a 25% revenue chain for the rails. so i think over the course of 2014 you're going to see an increase in coal production and coal usage and that will help the rails. david: hey, sandy, very quick, you've got experience in all the markets including the cme in chicago. is there a general sense among traders in cme that todd is right? that in fact this market is about to fail and smart money is getting out? >> no, i'm not hearing a whole lot of that. in fact i'm hearing a lot of bullish talk from traders i talk to. i start talking to traders at 5:00 in the morning. i will tell you there is lot of bullish momentum in the energy markets. oil still trading in triple digits. we get bullish energy report, pushing prices higher. david: we have to leave it at that. we're out of time. todd, used to going against the

herd. good for you man. keep the faith. mike, tony, and sandy, todd, we'll get back to you in a couple minutes when the s&p futures close. liz: by the way, mike likes apple. david: we have a big fight coming up on apple, whether it is blackberry or apple. you want to stick around for that. liz: sentiment has shifted and looks like investors are flocking to blackberry and out of apple. we should have mike stick around. will the trend continue? the strategist that says the trend lies in the chart. he will tell you what he sees in them and how high the stock could go. david: what if you could invest in bitcoin without worry about digital theft? would you buy some then even though as much of $400 million worth of the virtual coins may have just disappeared? coming up to we talk to a new company that it claims can protect your bitcoins in a way mt. gox apparently could not. liz: tell us what you guys think. will bitcoin survive this current cries sympathies tweet

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>> we've got an earnings report for you on tivo. their revenue coming in at 106.3 million. street was expecting 84.12 million. earnings per share is a miss. coming in at one cent. the street was expecting 4 cents. big thing on the revenue.

basically service revenues were at 36.3 million. technology revenue, a big jump over the same period last year. last year 30 million. this year, 47 million. hardware revenues actually dropping a bit compared to last year same quarter, now down to 22 million. the bottom line, revenue up, 106 million. subscriptions up 4.2 million, up 32%. back to you. david: thanks very much, adam shapiro. shares of jcpenney are up a bit after hours following the earnings release. liz: let's head back to nicole petallides on the floor of the new york stock exchange with that. nicole. >> david and liz, this is exciting when we get jcpenney numbers out. we're waiting for them. ceo mike ullman singing a positive tune. i will read what he said in a moment. loss per share, less, came in at 68 cents loss per share versus estimated loss of 85 cents so that was better than expected. that's why you're seeing the stock higher here in the after-hours. let's look at revenue, 3.78 billion, versus estimates of 3.85 billion, a little shy.

one of the reasons why you might see it higher here because of sales projections going forward for the first quarter. same-store sales they expect to be up three to 5%. they say the goal is still to deliver consistently improving financial results. the ceo, mike hulman said the most challenging with and most expensive parts of the turnaround behind us we'll focus on improving gross margin and managing expense and steadily growing our sales in 2014. so that is the big picture there. they say the turn around remains on course boeing into 2014. don't forget as they say on course and you have good news here, the stock ultimately still down 70% from last year of the they certainly have a lot of making up to o but this is a good start. of the back to you. liz: signs of life, nicole. david: we'll take any signs of life there. how can a digital form of money regulated by no one ever be safe from the kind of crisis that is rattling bitcoin right now? our nix guest not only thinks it is possible to safeguard the collection of bitcoins but he

set up a business to do exactly that. joining us falconncapital global cofounder and director, a bitcoin investment fund launching next month. bret, thank you so much for talking to us here. first of all what is your best understanding what happened to mt. gox? >> first off, david, thank you for having me on the show. i really appreciate the opportunity to explain what is going on. david: our pleasure. >> here is my stance what happened with mt. gox? the fact it was a private company that was not managed properly. and that has resulted in a great loss for the users. david: now the 750,000 bitcoins that have apparently disappeared, do you have any information about that? >> i do not and i'm, reading the same media reports you're reading from regarding that. what they're saying, there was a issue on their end which led to that. i know they're throwing around things like about it coin protocols and -- issue and things like that but there is no evidence or proof that is

actually what occurred with their system. the -- systems were something they chose to take measures to ensure it would not be a problem. david: you see the pictures, on the screen, bret. we show photos of bitcoin. those pictures don't exist. there is no physical bitcoin. that leads me to the question about your business. how do you assure the existence of something that doesn't really exist? >> what we have with falcon global a agreement based with a company out of the u.k. with elicit. they have ansured bitcoin vault backed by london premier insurance company. david: let me stop you right there. you say vault, you mean a virtual vault but go that he had. >> that is direct. cold storage that they use, and what would happen if any external or internal theft would occur of any kind the insurance company would back it for the daily value of those bitcoins. david: so let me just see if i understand you here, if, in the

course of a day, we see some dramatic fall in bitcoin because somebody like mt. gox has lied about how many bitcoins they have, if it goes down 40% you will be insured for the price of those bitcoins at the beginning of the day, is that right? >> that is not correct. what we have is an insurance against theft of any kind, which as you can see in the bitcoin industry has been a major problem where companies are having large amounts stolen to them. all they say to the customers, sorry, i thought our security was better. what we did we solved that problem. if we have $100 million of assets under our control in the form of bitcoin, if a hack occurs, whether internal or external, the insurance would cover or daily value bitcoins that were lost. david: there were so few bitcoins out there, that if you have a theft of 750,000 bitcoins which some people are saying about mt. gox, that could affect

tremendously the value of the coins that i have with you. >> yeah, it will however, with this the bitcoins are still going to be in the bitcoin system. they're ot leaving the system. so it is not going to affect the price apart from the media with people with hacks occurring and issues occurred like we're seeing here with mt. gox. >> we have to wrap, but very quickly, how many customers do you have and what is your business model? >> our model has not launched yet. we're preparing to launch at beginning of march. the best way to describe our company to relate t to something most people can understand. you take an investment company that currently exist that is invests in physical gold on behalf of their clients of the we do that but we're the.0%. so we take an asset difficult to acquire and difficult to occur and acquire and secure it for accredited investors. david: all right. well, listen we wish you the very best. stay in touch with us, bret. we want to know what happens with your company. liz, again, the problem unlike

gold this stuff doesn't exist. bitcoin might actually have had all the duplicate transactions through mt. gox. we're never sure because there are not all the investigators honing in on these companies whether they have what they say they have. liz: a company that will insurance it is intriguing. david: if you can insure something that doesn't exist. liz: speaking of insurance and banks, the ceo of one of the world's biggest banks goes to capitol hill to offer a mea culpa after a transan late tick issue that. we have details what they did and what they're growing to do next. david: that is exciting. you might call it a potential linkedin killer. there is a startup company trying to steal the professional networking company's crown, starting on college campuses. we'll talk to the firm's founder and ceo coming up next. ♪ i ys say be thman with the plan

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david: time for a quick speed read. some of the day's other headlines, five stories in justment first up sac capital advisors is streamlining its business units. it will hire chief surveillance officer as it transforms into a family office. the firm will combine its three u.s. stock divisions and macro business into two entities which will start operating in april. delta air lines is changing its frequent flyer program. the airline will now reward those whose buy delta's priciest tickets instead of customers who travel the most miles. best buy is laying off 2,003 midlevel managers across the country according to "the new york post." the cuts are part of the electronic chain's major cost-cutting program. the car hailing service

uber-experience ad temporary outage that halted business across the company, across the country. the company saying the problem was sparked by a problem at a west coast data center. motorola announcing plans for a new wearable. the company saying it is trying to solve the problem of what it calls ugly wearable products an3 planning a smart watch that looks like jewelry. [buzzer] but i bet it won't look like your watches. liz: it is very sporty. i don't want my sister to see it because i stole had from her. david: the news is out. liz: secret elevators, operated, but listen to this operated by remote control. to hiding documents in "sports illustrated" magazine senate investigators are alleging that credit suisse went to huge links to help wealthy americans evade useu.s. taxes. david: like espionage. brady dougan testifying in front of senators and defending the

bank. peter barnes at the hearing and joins us now. very serious charges, peter. can they prove it? >> that's right, david and liz. right now we're hearing from justice department officials as senate subcommittee on investigations, the permanent men subcommittee. and it reported that at one sometime, credit suisse had 22,000 accounts held by americans, most oo which were not documented with the internal revenue service. had assets of 10 to $12 billion. and in its investigation, it reported on this elevator operated by remote control. secret trips by bankers to try and talk to clients in the united states and manage their accounts and get more clients offshore shell accounts. and this one client who told the subcommittee in fact, that the clients bank statements were delivered at a luxury hotel in the u.s., hidden inside the pages of "sports illustrated."

the bank says it has closed most of these undocumented accounts. it claims it has cleaned house and cleaned up its practices, but so far according to this report, the bank has turned over only 230 names of american customers who allegedly used these accounts to evade u.s. taxes, turned them over to u.s. authorities, because bank secrecy laws in switzerland are still very, very strict. so some senators want the justice department to turn up the heat on the bank, use its indictments and s&pes and summons to get it to crop more and send more names for investigation. listen to this. >> that is not progress when over, nearly five years goes by and you have one bank. so -- >> senator, if i may. >> go ahead. >> you also have 73 account holders who have been charged. >> how many? >> 73. >> 73 out of the --

>> 35 professionals. >> 23,000 i think it is. >> 35 professionals. who are bankers and financial advisors. so it is not just one bank with guilty plea. there have been many, many charges. >> senator mccain actually meant that 22,000 accounts from credit suisse but, james cole of, justice department said the department is keeping up the pressure for cooperation from the swiss. it has 14 swiss banks under investigation. twice, back to you. liz: it is amazing something as simple as hiding things in the pages of a magazine like this, you know, it is unbelievable what they were -- whoa. look at that. that is easy as it gets, david. david: intriguing. thankthank you, peter barnes. liz: we need to get to adam shapiro. he has more on tesla this time. adam? >> big news, offering 1.6 billion in convertible notes

to finance that gigafactory. it will be in one of four states, either new mexico, arizona, nevada and or texas. they will employ 6500 people. it is a partnership with panasonic. they will produce batteries and they say it is possible to bring down the costs to deliver a more affordable electric car they expect to hit the market with in 2017. convertible notes until 2019 will be convertible to cash or tesla common stock or combination thereof at tesla's election. you spike to elon musk all the time, but their shares today, just dramatic. hit a all-time high, 265 bucks a share. liz: gigafactory. love that. david: after-hours doing well. blackberry shares aae also surging up nearly 40% this year. can a left for dead stock trade places with apple for title of comeback pick of the year? we have someone who says buy

apple, sell blackberry trade, well that has totally flipped. he will tell us why next. liz: online shopping not the only challenge facing brick-and-mortar stores. satisfaction with retailers hit all-time high, not all stores are receiving high marks coming to this experience. 2013's biggest losers coming up. ♪ myad has atror afib.illation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says yourst afib puts you. at 5 times greater risk of a stroke. that's why i te my warfarin everyay. but it looks like maybwe should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for callinmyoctor. sure. pradaxa is not for people with artificial heart es. don't stop taking pradaxa witht taing to your doctor.

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liz: long lines, rude employees, disheveled stores, we all experienced bad customer service at some point when shopping but some stores are way worse than others. the american customer satisfaction index along with 24/7 wall street, they put together a list of retailers with the bar none, worst customer service. number five? macy's? that was bloomingdale's. i like being in bloomingdale's. the second worst among department stores and discount retailers, number four, walgreens. the company has not improved the satisfaction rating since first reviewed. number three? cvs. looks like drugstores are not very popular with consumers. rite aid takes number two spot. not only consumers dissatisfied, the drugstore employees and give lower rating than competitors. number one, walmart. not only did it have the worst score of any department or discount store, it scored the lowest in the supermarket

category. david: word of warning for folks at walmart. okay, blackberry, they are fighting back. the stock is actually surging. up 40% so far compared to this year of apple's drop of 7%. liz: could this be beginning after pretty massive reversal from 2013? is blackberry back as major competitor in the smartphone race? joining us eagle bay capital founder and president. this is quite the shift and it works when we show year-to-date, blackberry certainly jumped exponentially. year-over-year it is less of a clear picture. apple is up, blackberry is down, why are we seeing that now? >> in december, everybody knew blackberry was a complete train wreck. it wasn't a secret. we're seeing bearish magazine covers comparing it to old relics from 6,000 bc and what not. when we start seeing these signs we know that the pessimism is already priced into the sttck.

blackberry has doubled since december. i think it has the opportunity to double once again. david: there is picture of one of the magazines comparing blackberry product to an old arrowhead. but what is knew about blackberry? i heard about new product they had which is going back to basics, going back to the old blackberry style. so have they learned that trying to compete with the new styles of apple and so forth are not working? >> well as a technician i focus on the behavior of the market and market participants and try to ignore the fundamentals of the market and what we're seeing, this is a pure supply and demand play. we're seeing that -- david: supply and demand, you don't mean the product, you mean the stock itself? >> this is what we're talking about, we're talking about the stock. the company is doing what they're doing but at end of the day more buyers and sellers send a stock higher an inverse sends it lower. we have it below the lows it made past summer. david: you can have a stock that will go to zero. you say there aren't anymore

sellers. a stock can go to zero. i have seen it happen. >> i have seen as well and there will be occasion i con promise. blackberry historic lows like we saw in december, quick reversal. you have you have a lot of shorts initiating positions on new lows. you have a lot of longs stomped out, hey, i will stay long before low those levels. i'm out. what happens? when the price gets above the shorts have to cover. that creates demand. buyers have to get back in. liz: you're saying this is a squeeze. you guys, we love this, you only look at details when it comes to black and white and printed number on the stage. you don't get caught up in the pedestrian things like leadership? you ignoring a new leadership at the top over at blackberry? he said i am in this to win this. >> liz, i try not to focus on that. i focus on behavior of the market. liz: i love night we're talking about a stock. awe these things are lagging indicator. the market is forward-looking and right now the market says

money is going into blackberry and out of apple. david: but who is putting money into apple is carl icahn. he is no ddmmy. >> yeah. david: don't you think when he make as major purchase as he has in several tranches over past month or so he knows what he is doing. >> sure. with all due respect to carl icahn i'm sure he has very good reason to be in the stock. i have to worry about my investors and what we're doing every single day. everything i'm looking at there is no -- david: carl icahn, no offense, knows what he is doing. he has been a lot longer than you have. don't you think he looked at all the indicators you have and says there is time to buy? he is doing it for a reason. >> there is lot of great investors through stock market history. if we were blindly follow every single one of trades on every great investor they sing i would have a portfolio full of all sorts of stocks. i can't worry about what these folks are doing. have to focus what is doing for us. money is many could out of apple. i think it is dead money at best and money going into blackberry

and i think blackberry doubles from here. liz: fascinating. i have want to bring you back. we'll see if it happens. thank you, jc. >> thanks for having me. liz: capital founder and president. calling all soon to be graduate college students. a potential linkedin killer may be exactly what you've been waiting for. big names like yelp, and fox have started using this new recrriting tool. how can you benefit? we'll tell you coming david: major automakers come up with a way of taking one of the biggest frustrations out of online shopping. the time we all waste waiting for packages by using your car when you're not even around, details when ww go "off the desk." ♪ you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker.

[ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you meone could pay you and what if that person wereou? ♪ when you think about it, ist that what retirement should be, paying ourselves to do what we love? ♪

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liz: with the race to find good tech talent, things like engineers are heating up, there's a new threat to linkedin as the place for job recruiters. piazza careers, offers service that let's companies connect with potential job candidates among more than one million top shelf students. how does piazza differ from linkedin and companies like yelp flocking to this recruiting tool? joining us the founder and ceo. wonderful to have you. we love this story because not openly does it show

entrepreneurial spirit but in a way you're taking on one of the big boys in the region and that of course is linkedin. i want you first to start from the beginning, 2009, you founded this really for students. can you explain? >> correct. absolutely. i was one of very few undergraduate women in computer science in india and i really struggled with homework a lot without having ability to connect with classmates and professors in real time. so fast forward when i was student at stanford business school, i started company piazza, to help college students specifically studyinggtechnical subjects, connect with classmates and professors in real time on line. today we've grown to over million students, over 15,000 professors in 6countries using our product. and for the past four years -- liz: i was going to say you really, what you started off as was just a very magnanimous service for engineering and technology students who got, as you like to put it, stuck on certain problems and could jump

on and almost get real-time tutoring. how did it morph into what very well could be a recruiting tool that takes on linkedin? >> absolutely. the first problem students face in college is learning class material. @or past four years we are on to students finding a job, finding internship. students want to connect with these companies and companies want to connect with these students. liz: way more detailed than that. one thing to throw people's resume's up there. what recruiters who pay you i understand it, $20,000 to jump into this pool of students to find potential employees, what they can look for is what specifically? they can find out if some of these students interned at a certain company. what kind of classes they took at the schools that they are at. what else can these companies who are paying you find out about potential hires? >> well the highest level, linkedin doesn't have student data the way we do. every college student a company

wants to connect with is using piazza for their classes. yepbe, palantir will use students they hired through liz: one of the investors from one of top venture-capitalists. we know him very well. it is fascinating because he worked at linked in. what is he advising you guys to do to be different than linkedin? he saw our engagement and our student footprint and knows linked in tried to capture the college market without success. really what keith is encouraging us to do keep our student base engaged, continue to deliver value to students by connecting them with the right companies and all else will follow. companies will come where the students are. liz: let's talk about all of the companies that are paying you. air b and b. spacex founded by elon musk.

what is that secret sauce and special something they're looking for people in the pool? >> they all have very different niches they go after. in fact one of keith's friend coming on to the board of piazza, he understands when you buildout a college recruiting effort there are at love tactics. you have to pick and choose. which campuses and which specific disciplines and air b and b, spacex, we're all learning very specific strategies. the market up until now has been opaque. piazza has been giving transparency and giving feedback for these companies. liz: say for example, i'm a company and i want to hire berkeley engineers who inturned at fox because i perhaps run things for fox and i want to get people already familiar. can i do that search? is that how simple it really is? >> it really is. along some different facets. what classes took and ta'd. i'm building a team at my company. i want all the students who ta'd

advance learning i can do that. liz: whoa! i love it. keep us posted we'll follow your story. we think it faces natings. congratulations to you. >> thank you. liz: the company is called piazza. she is founder and ceo and looking to take on the big guys, pretty fascinating. david: probably a future billionaire as well. a new tax plan posed by representative dave camp culling for cuts to personal and corporate tax rates. does it stand a chance of making any headway into congress and how could it impact you? plus, hate waiting for package deliveries. now your car may be help accepting those deliveries on your behalf, maybe without you even being there. details coming next. ♪ there's this kid. coach calls her a team player. she's kind of special. she makes the wholteam better. he's the kind of player that puts the puck, horsehide,

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liz: house ways and means committee chairman dave camp unveiled his long planneds tax reform plan and would cap corporate and individual tax rates at 25%, i like the sound of that. rich edson in washington, d.c. does this have any chance of surviving? >> bill in its entirety absolutely not. we probably won't see tax reform

accomplished this year, maybe not next few years. camp puts out a marker, top rate of 25%. two rates for businesses and individuals. 10% and 25%. here is camp's plan when it comes to individuals. repeals alternative minimum tax. does so, pays for elimination, by eliminating deduction for state and local taxes. any mortgage taken out after 2018 would cap deduction for interest paid on the mortgage to $500,000 and expenses standard deduction to $11,000 for individuals, $22,000 for married cowles. for businesses he makes permanent research and development tax credit. set as new excise tax on large financial firms that the federal fomc, not the fsoc, cues excuse me, getting my assets mixed up, identified as systematically important. 3.5% tax on any value above $500 billion. profits on u.s. innov

whether manufactured hire or abroad. that is to prevent comppnies shifting intellectual property overseas to avoid u.s. tax sakes. reduces carried interest. that is what investment managers use, get taxed at capital gains rate as opposed to income tax rates. camp says when you lower the rates and generate -- eliminate deductions you generate economic growth. >> we'll see nearly 2 million new jobs created. there will be up to a $700 billion in additional federal revenues that they can use to lower taxes even further or reduce the debt. >> as for the chances of passage, first house speaker john boehner while embracing the idea of tax reform refused to endorse what camp is doing here. top republican in the senate says there is no chance that tax reform is happening this year in congress. so camp coming out. he did work with the senate finance committee chairman max baucus. the president appointed him to be the ambassador china.

most folks in town say chances of any type of overhaul happening this year are basically zero. especially aspects interest groups are coming out. seeing tax deductions on table here around they don't like that. david: too simple for accountants. they would lose money. makes too much sense to pass in congress, doesn't it? >> to an extent a lot of stakeholders here and a lot of lobbying money went to putting these in. david: stakeholders, key word for lobbyists inside the beltway. thank you very much. we asked you on twitter and facebook if you think about it coin is going to survive the current crisis. james on twitter told us bitcoin prices will rise to new heights now that mt. gox will be removed along with the artificial prices it created. liz: take you off the desk. ordering online is so easy. but receiving your packages can be difficult if you aren't home for those deliveries right? they are trying to make this process a little easier, turning your car into alternate drop-off point.

swedish automaker test ad new app called roam delivery allows passengers delivered to trunks of their car no matter where they are. when you approve the delivery, the company given a location of car through gps. temporarily access your trunk through a key that disappears. david: imagine how many mistake will be there. also "off the desk" there is app for everything these days. how about an app for your toothbrush? oral b, app controlled bluetooth 4.0 toothbrush. this app not only makes sure you're brushing properly but send your dentist reports about your dental care. don't like the sound of that. also personalize your brushing by giving you real-time guidance on how to get the job done right but with interacting with your toothbrush comes with a big price tag. this all will cost you $300. liz: no. we need our mouths private. >> my dentist knows enough about me. liz: number one thing to watch tomorrow testimony from federal

reserve chair janet yellen. she will testify before the senate banking committee in washington, d.c. sometimes that3 moves the markets. david: by the way talking about moving markets, jcpenney is moving much higher aft markets. we'll watch that stock tomorrow. liz: gerri willis is next. but your erectile dysfunction - itould be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your abilit to be ready. and the same cialis is the only daily ed tablet approved to treat ed and mptoms of bph like needing to go frequently or urgently. tell your doctor a all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take alis if youtions take nitrates for chest pain, as this may ood essure. do not drink alcohol in excess with cialis. si effec may include headache, upset stomach, delayed backache or muscle ach tofor an ection lastingry, semore than 4 hours. hp if youave any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, ves,

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gerri: hello, everybody, i'm gerri willis. right now on "the willis report", big changes for frequent flyer programs. advantage for elite flyers but whaa about the rest of us? also, bombshell allegations against the department of veterans affairs. vets medical records systematically destroyed to cover up the department's incompetence. don't give uncle sam more than you have to. avoid simple mistakes with retirement accounts. we're watching out for you on the willie l list report. -- "the willis report." gerri: