budget big-time. what a day. cheryl, it is yours. cheryl: we have a guest coming up representing 41 of those groups that are suing and they want answers from the irs. lots more on that coming up in just a little bit. thank you, sir. it is one of the quintessential movie lights. we will always have paris. now it is almost like all we have is paris. i am cheryl casone and we have a high stake meeting in ukraine going on right now with john kerry and his russian counterpart meeting in the city of life. tensions are mounting it crimea as protesters taught international observers. also happening here, clashing over the irs, the chairman cutting the mike on congressman elijah cummings.

making some impressive bets. can you say linkedin? the former ceo of zero is going to be joining us on where to invest right now, and it is all about you and your body. a little spring cleaning. how much do those diets help you? the doctor this hour is here with her call and the impact on the weight loss industry. but first we are watching the market in certain the market taking downward after a very soft jobs report from adp. supply data shows inventories rising lower-than-expected. adam shapiro on the floor of the new york stock exchange. phil flynn at the trading pits of the cme.

first to you, what are the traders saying about the actions. >> the s&p 500 can't break through the resistance, the intraday high. just have not been able to get through that. some of the winners, some of the losers, big winners, disney hitting an all-time high, goldman sachs up today, disney up 1.5%, goldman sachs up almost 1.5%. you look at the big loser, exxonmobil down almost 3%, a drag of 18 points and they have put on hold their plans to extend, they will be expanding oil production from territories, but that is on hold because of the political situation. back to you. cheryl: stay with me, i want to go to phil flynn with the minutes of the data, crude

plunging, so it is going on with crude, again. >> what i think it is, what we are seeing are the same things we are seeing economic data. demand is very disappointing. we had a bad when you factor number, a bad jobs report and it is showing up in oil. we saw crude oil supplies rise by 1.492 billion barrels. in this inventory rethink really get a lot of demand with the cold weather, those supplies don't as well. that is kind of seasonal because they are going into maintenance getting rid of the old winter blend of gasoline getting ready to bring in the new ones but overall disappointing numbers. they were week getting into the numbers. across the board we are down,

crude down 140. thank you. cheryl: a lot happening with those contracts today. thank you so much. also looking at this, the ebay ceo firing back at activist investor calls to spin off the internet giant pay paul unit. making his first comment that an exclusive interview on "opening bell" with maria bartiromo. here's what he had to say. >> it is the first thing i looked at when i became ceo. something we look at on a regular basis. i'm open-minded, our board is open-minded. we want to pursue the path that drives the greatest growth in the greatest value for shareholders overtime. cheryl: shares are in the green but a little bit of pressure, so we are higher by $0.04. this stock has been higher by 11% in the past month and that is despite carl icahn call to

exit the company. target's chief information officer resigning today. this of course in the wake of the massive data breach that compromised since the reformation up to 100 shoppers. as a launch an overhaul of the network security. target ceo saying they are looking outside the company for someone who can guide the effort. the stock has been under pressure, actually it is looking a little bit decent today. target stock over the last three months has been under a lot of pressure. the search engine will stop letting consumers access the online services signing in with their facebook or the google login. it will require users to register for a yahoo id to use any surface.

it begins monday before the ncaa basketball tournament. this is the latest change to come from yahoo ceo melissa meyer. getting back to the crisis in ukraine, it is persisting with the tensions with russia progressing. now continue to monitor the region and they are getting a little bit nervous. ashley webster. ashley: now they're being deployed in hopes of finding a peaceful resolution. at least they are talking now. the latest development the first time for minister meeting with his european and american counterparts including secretary of state john kerry, the meeting just wrapping up, we're waiting to see what headlines come out of that. urging russia to make direct

contact with key have in hopes of finding a peaceful solution. condemning what they call the arms future of power in ukraine and removal of elected president with ukrainian political limbo and the economy struggling, financial help is being pledged from europe and the u.s. they have approved $14 billion in aid including technical help on judicial and elections reform. the european bank also offering a support package worth $6.5 billion bi. it is oh, so complicated. while they are pushing for them, other countries close to russia or reliance on its energy are little bit more hesitant, the complete western unity on this issue is unlikely at this point. season companies and individual property and accounts in russia

if the sanctions are imposed. concerns or confrontations stretching all the way along the north and east, that is true in the city here, it is a stronghold of pro-russian sentiment in ukraine and it is the home base of ousted president. pro-russian supporters seized a local government building but were remove this morning but not for long. they have retaken the building, re-raising the russian flag and singing soviet era songs. it just highlights the tensions and the divide within ukraine are still running very deep. cheryl: ashley webster, thank you for the update. we will monitor any headlines we will get out of paris but for now of course following this for the client. what are you talking your clients are of interest in eastern europe and in particular with russia, could be be

concerned about the stability of the region right now? >> for the last year they have told european clans they face a threat in russia not because it is strong but because it is so weak economically. we thought that would encourage them to take bold risks. he just took on. he sees ukraine or parts of ukraine, certainly crimea as part of the future. they will not surrender that. cheryl: looks like he is trying to restore the old ussr. the peers he wants them back the glory days. this is a former kgb to him that is the glory of russia. can he take it that far? >> that is part of the union. he envisions as every creation of the soviet union. i might add most of his career in the kgb was spent with industrial espionage. which would probably help him now. a key person to watch in russia

is the second most powerful man. a former kgb resident, very serious intelligence officer, a brilliant man who is now the chairman known as the energy czar of russia. cheryl: i said this yesterday, those that remember the cold war, that was a nuclear missile war. this is an economic war we are in with russia. >> it depends on where you are in russia. they are seeing ghost from the cold war. a snap nato meeting yesterday, rarely use part of the charter to feel it is threatened, territorial integrity is threatened or poverty is threatened. the countries to the east are very wary of russia, czech republic, i have seen editorials and newspapers in that region

referring to that and also saying there was one in a latvian newspaper that said we cannot spend next winter in the cold in their apartment for a peninsula nobody can point out on a map. cheryl: without the ukraine if they were unsuccessful in taking over the ukraine, whatever you want to call it, they could be blocked from shipments to western europe. this is all about energy and they are paying russia for that energy. this is a cold winter they are having. >> the main pipeline travels through the ukraine, but they did build the pipeline in the baltic sea. directly from russia to germany. that is why angela merkel is hesitant to impose sanctions because the gas flows and she is impacted. no matter what others say, they are opposed to sanctions because

a lot of french companies have huge investments in russia including increasing ownership in the leading automaker 75%. britain got caught out with the exposé of the official document published by the bbc. on the document it said british policy opposed sanctions and we will leave the financial market open to russians. cheryl: they are interconnected with russia. thank you, bob. you always have a great perspective on this. more questions than answers. we will have the very latest on the investigation to the irs scandal. and joining me now, 41 groups progress games.

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cheryl: former irs official lois lerner pleading the fifth for the second time after being called before congress to testify. rich edson standing by from capitol hill where the fireworks erupted this morning. rich: this has been nine months in the making, this is a continuation of a hearing back in may in which lois lerner pled the fifth. talk about whether or not she gave up the right earlier in the hearings so she is back on capitol hill, we expected chairman darrell issa, lois lerner file in front of the committee for the first time in nine months. it wasn't. >> ct do

cence, that is not the way to supposed to work. there are other e-mails coming out that have been requested and

other individuals inside the irs are talking. it may be a special prosecutor is needed. at the end of the day the people in the united states deserve an answer and so far we are not getting it. cheryl: they were targeted and they want their boys to be heard and are not hearing from her at least, maybe there is more to this. thank you very much. it was a surprise moment for the congresswoman. thank you very much. overpromised and under deliver, the warning signal from china on the economic growth. the new concern china corporate bond market may see his first default as soon as friday. and sh chipotle threatening to k

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market. with summer: the asian superpowers bear stearns moment. it won't be able to make a $14.6 million interest payment in full on friday. experts worry default threaten investors appetite for risk. top leadership kicked off the annual national people's conference. these lofty goals may still be tough to meet. the details on that. >> the parliamentary meeting kicks off with a steady growth target of 7.5% for the country this year. this is the same target as 2013. last to the bureau of statistics said the economy ended up growing 7.7%, the same as 2012. what does this actually indicate? it suggests they are optimistic but concern for slowing growth

to push big reform going forward, this might hurt in the short term but long-term problem. back in november 7% growth with actually be enough for china to make employment targets. financial overhaul law and more local government bonds and expanding the floating range of the u.s. war on the horrible pollution blank in the over the past several years but did not fit any specific targets on that. the government wants to improve water and food safety while pursuing government reform so how do the chinese market react to all of this news? shanghai composite down 1% and the hong kong hang seng closed .34% lower. i want to say as we look forward to how china does, it is all about keeping an eye on the other numbers, whether china can shift to becoming a consumer that economy. back to you.

cheryl: thank you so much. breaking news into fox business. shares of safeway, the stock is hitting a multi-year high as the "wall street journal" is reporting we're looking to wrap up $9 billion deal. private equity firm bidding around $40 per share, it is gaining $1, gainin getting a lit in the last few minutes. the chain has been struggling in the west coast market we should mention. making green off of weeds. the largest marijuana retailer. the ceo cashing in on cannabis. investors are waiting in the weeds after a roller coaster week. what you can expect ahead of friday's all-important jobs report. coming up as well. there's this kid.

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cheryl: so the dow is down 34. goldman sachs is leading the charge. exxonmobil is drag. adp report coming out on jobs, private sector jobs and initially markets looked like they would open to the upside. we're down 32 points. there is seems to be resistance level at s&p. we're at 1874. s&p hitting a new intraday high. backing off from 1876 that resistance levels are trading off and new intraday high for the s&p. from stocks to pot, overall marijuana sales in states where cannabis is legal are expected

to hit $6 billion by 2018. with that in mind, coanchor, adam shapiro is talking to the largest marijuana retailer in the country. adam? >> you will hear a lot about diego group, especially the phrase, premium cannabis, which is different than medicine man in denver which is large dispensary. we have the ceo of this group and big deal coming up. start selling in seattle soon and eventually worldwide and eventually ipo in new york. what is the difference between premium cannabis and say what you can get at a dispensary? >> to the connoisseurs is of the product that our product is so much different we seek out not only we grow ourself from other producers in the country and the usually the size of the triclones. the size of the product. >> you believe growth is astronomical. you're negotiating distribution overseas and laws loosen up throughout the united states.

washington, d.c. the other day, city council said, let's go. when do you think it will be legal in all 50 states. >> in my opinion, 2016. that is the goal. with diego we're strict following all federal laws as best we can but we think by 2016 -- >> is there a day you walk into a shop you buy a sig bar and cigarette although heavily regulated and will it be that simple to buy marijuana? >> in colorado, you can walk in the tobacco shop and buy whatever kind of marijuana you see. >> what that is legal throughout the united states and ipo is here in new york, keep in mind, krispy kreme had 75,000 free doughnuts and samples, so when the ipo comes here and provide it to that. >> provide it to the whole floor. >> all kidding aside. back to you, cheryl. >> adam shapiro. we'll see awe in a little bit. thank you, adam. private sector payrolls casting doubts on upcoming employment

report on overall state of the economy. we have the the ceo and chief investment officer. robert, you're bullish on equities. you've been bullish for a long time but i'm curious if we got numbers out this morning particularly revisions for january question the overall state of the u.s. economy and maybe the markets have gotten ahead of themselves? >> well youl, i think the number coming out at 139,000 todays, it wasn't great shakes for sure. this will be one of the most anti-climatic jobs numbers we've seen in a while. no matter what it comes out at, basically everyone will talk about the weather. there is a lot of distortions in this number b i hate to say it but i think it's a non-issue right now. unless you see something dramatically below 100,000 or above 175,000 i think market will basically put a big yawn in place. cheryl: wait. you're buying into the whole weather ate my homework? is that what you're saying.

everybody says the weather is excuse. 25% of the country, yes had horrible winter but the other 75% have not had problems we've had. this is national report. >> yeah. i'm out in phoenix. i know the weather has been pretty nice here and some jobs are being created. it is more market psychology. it is based off expectations. markets trade off expectations. right now the market and participants have been conditioned to expect the number to be muted. so i really don't think it will have much impact at all going forward, cheryl. cheryl: okay. so you were actually buying stocks, correct me if i'm wrong, you were buying stocks on monday during the big selloff? >> absolutely. the only day we've been able to buy in the last couple weeks because the markets have been trending so nicely. you know what, there is always political risks out there, cheryl and there will be continuing political risks. this is something you have to look past the next 10 years if you want to be investor. we're managing people's money

past retirement. looking for distributions. sitting in cash, going to the fear trade, rushing to gold will not get them through the next thirty years of retirement. we need to place money where they get return on investments. it. cheryl: breaking news, robert. always good to talk to you. speaking of markets and turmoil, we are getting some breaking news right now on the situation in ukraine. nato secretary-general is saying that the earlier the organization is going to review all nato cooperation with russia over its occupation of the crimea region of ukraine. rasmussen saying that nato is suspending a planned joint mission with russia, in order to protect, get this, a u.s. ship there in the region to destroy chemical weapons from syria. a lot of nato headlines crossing following this from his office and emailing that there are huge meetings happening right now in paris. we're monitoring to see if we get headlines that secretary of state john kerry is in paris

right now meeting with the british, french and of course russian officials are in paris as well. there could be a lot happening next few years. we'll keep you posted. the smart money is betting right now on health care technology. what are the oldest vc firms on its latest bet. the cool new gadgets that will help you avoid going to the doctor. the latest gust knocking the windy city to its knees. moody's latest call on chicago's credit rating as its unfunded pension liability balloons. announcer: where can an investor be a name and not a number? scotade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade.

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>> i'm ashley webster with your fox business brief. facebook cracking down on its gun sales on its social network. both facebook and its photo sharing site instagram will delete posts offering to buy or sell guns without background checks. facebook says the policy change comes after consulting with gun control groups and the new york state attorney general. u.s. service companies grew in february at the slowest pace in four years. the institute for supply management report says service sector index fell to 51.6, from january's 54 reading. honeywell international looking to boost annual sales to $51 billion by 2018. that is up from $39 billion last

year. the maker of aerospace parts, climate control and security systems plans to spend $10 billion on acquisitions over the next five years. that is the very latest from the fox business network, giving you the power to prosper.

cheryl: got a news alert for you right now. chicago's's credit rating getting a downgrade from moody's. the city's under funded pension liabilities caused agency to knock chicago to three notches above junk bond status. moody's warned if there are no pension fixes they could issue another downgrade. chicagos has the worst credit rating of any major city except detroit. investing in the next big thing. gray lock partners has made some great bets on startups like instagram and dropbox but now it is getting into the health care

game. of the john lilly it a partner of gray lock and former ceo of mozilo. he says likely more investments in these companies. great to have you on the show, john. i'm curious, the smart money you say is basically going into wearable technology that helps us live better lives, monitor our own bodies. you think this is the future of investing in health care? >> probably would help to understand a little bit about gray lock. we've been investing for several decade now. and we invested in two main areas, the consumer internet, instagram and dropbox like you mentioned and enterprise software. that help companies run businesses like linkedin. we like things that look like software systems and when we look at big new markets whether education, communication or entertainment, you look at health care, and health care is a very, very broad market. something that affects us all

every day. so we look at this, see a big market, many, many people, highly engaged, highly interested in outcomes and it is hard not to think that just like the internet cloud and mobile technology has affected other areas we invest in, hard to think those won't reinvent health as well. cheryl: looks like if you look at amount of money that has been raised for these small consist, the ones you're investing in, there was kind after dip in 2008 and 2009. now that all is coming back. i want to get into the companies you say are the future. you are somebody linkedin, pandora, tumblr sold to yahoo!, we're paying attention what i'm saying. it is called 100 plus. i want to go through the details for our viewers. we have got a of course g you made $750,000 investment. basically it helps people, live longer lives by monitoring their bodies. almost like a fico score for your body, is that a fair assessment of this company? >> 100 plus is interesting. started by a guy named chris

hoag, a scientist at gilead life sciences. he was working on drugs and more traditional therapies. when he woke up, he thought, data, digital, phones we carry around can have more effect on our behavior and more effect on our overall health than him working on the next drug coming out. he left his company. started 100 plus. you could ask questions, what do guys like me do to live five years longer? it is about my health and population health. sew started that company couple years ago. we sold it to practice fusion maybe a year ago. >> right. >> practice fusion is one of the very important companies around electronic health records. so for chris, as a drug researcher, as a scientist, to wake up and say digital is the future is pretty big transformation. cheryl: devices i wear them and will monitor everything, will tell me, hey, cheryl, get to the gym. or hey, cheryl you're doing great. let me get to the other go companies. rise, this is very personally

interesting. this could be a dollar a day. weight watchers, nutrisystem, these are very expensive programs. this is, it is all through the app. you say again this is the future? >> well, that's right. i woke up this morning. worked out the at gym with my trainer. as i was walking out i had a nutrition bar. i snap ad picture of it. water i drank. and my nutritionist thomas, my coach, he weighed in hey, john, you could eat an apple next time. for me, it was struggle with weight my whole life. helps a lot to have an ever present nutritionist right in my pocket. cheryl: weight watches could owesly buy that one. we have to run. show the viewers. you made $1.2 million investment in this one. this is messaging a doctor directly. great for new moms. you text message a doctor. of the get back to you and let you know if you're being crazy

or fine an need to go look at somebody. john, thank you very much. >> thank you. >> speaking of getting and staying healthy, do those juice cleanses actually work? the science behind it and the doctor's take is coming up. plastic is no longer accepted? san francisco moving one step closer to banning those water bottles. details on the first for any major u.s. city. that is coming up in the west coast minute. ♪ [ male announcer ] this is jowoods' first day of work. and his new boss told him two ings -- cook what you love, and save your money. joe doesn't know it yet, t he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game om the great northwest. he'll stt investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, ich isn't rocket science. it's just common sense.

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cheryl: holy moly, guacamole. you may have no choice but to ditch the topping next time you go to chipolte. sandra smith joins me with

details. >> cheryl, everybody is worried, some people go to chipolte just for the guacamole. this was very deep in a 10-k filing for chipolte. increasing weather volatility or other long-term changes in global weather patterns, including any changes associated with global climate change could have significant impact on the price or availability of some of our ingredients. that was the buildup to all of this. now the threat. they say, we may choose to temporarily suspend serving menu items such as guacamole or one or more of our other salsas, rather than paying increased costs for the ingredients. return passing along the costs of higher avocado prices to the customer, we'll get rid of the guacamole. that sent the internet into a tizzy getting rid of it at chipolte. the company is responding saying this is way overblown. the sky is not falling. here is what they responded to fox business with.

we use fresh ingredients and weather and climate can impact supply of those iningredients. this is nothing more than risk factor disclosure. the sky is not falling. cheryl, this stock has been a darling over the past year or so. chipolte shares have gone up 7%. no reaction in today's trading session. the stock is at $580 a share. but a $4 stock is a drop in the bucket as far as the stock price is concerned. look at that gain over the past year, up nearly 80%. the bottom line they use a lot of avocados a day. they use 90,000 avocados a day the company uses. a lot come from california. there has been a it drought there. maybe a little political in nature. cheryl: wait until you hear the next story, sandra. this ties into what you're talking about. a officials in san francisco are backing a plan for the sale of plastic water bottles. board of supervisors voted unanimously that would prohibit a sale of drinking water in

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cheryl: so what do beyonce, salma hay wreck all have in common beside being beautiful celebrities? they all do juice cleanses. no wonder the industry is multibillion-dollar business but there is any real science to support the industry's claim that it rid the body of harmful

toxins. doctor, you say no, these cleanses are not helping us in the way they promise to help us. why? >> there is absolutely no scientific evidence or proof any of these things work. when you google and bing the different juice diets, you're finding claims they can cure anxiety and depression and clear cancer as well. that makes me very concerned they're making these false statements. cheryl: there are people juicing in a responsible way. jamba juice. dr. oz has a juice cleanse. isn't it good for the body to put all the nutrients into it? you don't want to discard that? >> you want to include nutrients but not your only supplement. you neat protein and other nutrients and you need to have a well-balanced diet share share what do you think about this diet that came out today, in their conclusion, meat an dairy consumption may be detrimental to your health as smoking cigarettes and give you cancer at same rates smoking do? >> that is irresponsible.

as vegetarian i'm one for not eating meat. cheryl: the study is irresponsible. >> they were not claiming what kind of meat, red meat, sat fated fat high in cholesterol or processed bacon or as well as different types of processed meats. cheryl: i think they were talking about red meat but i did want to get your -- overall with the juicing industry there is some benefit, a lot of soda companies rather see them sell a soda, will not name the name of the company, wouldn't you rather see sell juice? starbucks bought a juice company. they're getting into this. >> there is nothing wrong with juices. just that we can not do only juices. what happens you don't get the nutrients you need. you may get dehydrated. what many websites are doing, selling herbal supplements and enthat mas that can make you dehydrated and cause damage to your colon.

cheryl: colon cleanses have been around for last 20 years. when would you tell people thinking about a juice cleanse? what would you say to them? >> before doing anything, speak to your physician. our bodies are detoxing as we speak with our liver and kidneys. every single minute they process a liter of blood. by the time the segment is over my body will be processed and filtered. cheryl: a lot more talk to about with you, thank you, doctor. want to bring in melissa francis. "money" is coming up in the next hour. you have breaking news coming up in just moments. melissa: we do. we're looking at a market and the dow is down 41 points. we're seconds away from breaking news on the fed's beige book. then we have an exclusive with google capital partners as they buy a piece of auction.com for $50 billion. this is a very cool business. we have got the ceo sitting right next to me. that is going to be a great segment. also we have the awesome non-hackable blackphone we told you about last week. the ceo will show us one in just

a few minutes. plus the president is pushing for a higher minimum wage at 2:30. we have former undersecretary of commerce who doesn't buy it because even when they say it's not it is always about money. breaking news right now from the fed. let's go to straight to peter barnes in d.c. peter? >> thank you, melissa. economic conditions con continue to expand from early february despite extreme weather says the latest fade book with eight of the 12 districts reporting improved economic activity with mostly moderate to modest pace. according to beige book of economic conditions that the fed will use in its next policy meeting in two weeks. at that meeting the fed will continue whether to consider to taper monthly in bond purchases. beige book says outlook in most districts remain optimistic. the fed is watching j