committee is here. l.a.'s band on this, industry could lose a billion bucks. we have one of the biggest e-cig executives in the country. even when they say it's not it is always about charlie gasparino -- i mean money. melissa: billionaire investor charles icahn turning up the heat today on the fight to split paypal from ebay. it is the latest round of icahn taking on ebay ceo john donahoe and marc andreessen among others but will uncle carl come out on top. here is the rumble, charlie gasparino's to lee munson. thanks for joining us. lee, i will let you go first. who do you like in this matchup? >> i don't like carl icahn in general. this guy is a pie rate and mercenary by any other name means the same. i love how the media portrayed

this guy as uncle carl. >> i made that up. i made that up. melissa: media. we're always to blame. >> make it like brand x at cnbc. melissa: i'm not familiar with that company. go ahead, lee. >> here is what i think investors have to remember. whatever carl icahn is doing the same thing he did as corporate raider before he became shareholder activist. he is going in there to push around ceos to do things for short-term profit. that doesn't help investors long term. also media gives perception whatever uncle carl is doing we should doing that with our retirement funds. >> i wish you would stop saying media. melissa: go ahead, charlie. >> i want credit for that. i should have trademarked that. i should have trademarked comrade bill de blasio. what is good about this, i came up with that one too. what i think is fascinating about carl icahn on this, he does do a public service. he tells us, now i don't know whether, you know all the sort

of shenanigans marc andreessen doing, buy a company, selling subsidiary of skype, from ebay to himself and spinning it out as a huge profit. i don't know whether that is legal or not. i don't care. what is with carl icahn, average investor would not know about all the little games these guys play behind the scenes. these are fascinating games. apple, sitting on gazillions of dollars of cash and not innovating. this sort of stuff, you have a crown jewel that's weighing down the entire company and all he is saying, spin out the crown jewel. make some money for your investors. you're making it sound, lee -- >> i take issue with that. >> making it sound like this is heresy, that somebody, carl icahn would call into account the corporate chieftans. oh, and carl icahn is bad guy for that. >> no, no. there is nothing wrong with being a pirate. there is nothing wrong with -- >> why isn't pirate? why is he a pirate by saying we

think this is better deal? >> he has got skin in the game. >> good. >> he is not doing a public service announcement. doing this specifically to enrich himself. >> that's right. melissa: that is capitalism is all about. >> doing something good for everybody else. he is trying to get people to rally around his idea just like -- melissa: whether you agree on that. he is trying to get people to rally around. what is wrong with that? >> that is what he is supposed to do. >> what is wrong with that, this gives impression somehow somebody we should hold in high regard. >> oh, wait a second. you're telling me we should hold this donahoe guy in such regard? what i like about carl is this. he comes on the air. >> i don't care. >> he speaks his mind. he says it, if you listen, 90% of the business media, particularly financial media, got talking heads come on. say almost nothing. carl takes a stand. lays out certain facts you can agree or not. to call him a pirate because he says marc andreessen was self-dealing and here is the

evidence. melissa: lee, is marc andreessen a pirate in your opinion? >> right. >> probably. i think, and i think there is some good point to both sides of what this argument is. >> thank you. >> but why we're really here is not about whether or not andreessen is doing something wrong or somebody is doing something right or fact certain market participants like to come out with information they think the public should know b the real issue how we should view carl icahn. >> wait a second. why is it heresy, view him on his words. >> heresy? >> take on appeal. >> not heresy. he is a pirate. why do we call him a shareholder activist. melissa: there is the bell. we could do this for the whole hour. alas that was the bell. charlie is sticking around. want to show you shares of staples are plummeting. the office supply retailer plans to close 225 of its stores. al hundred knuckman. show you what is going on with

the stock. alan, what do you think? >> i have to look at this as maturing industry of the they had a huge growth phase. we need consolidation. from risk/reward stand.as office supplies are on sale. 15% down on staples today. we had nice little decline here. there is really, really strong support in 2008. those are the lows in 2001 and 2002 you can lean on. i'm looking buyer at these levels and lean on $10 first and $8 as solid support little for staples. melissa: in the long run are there really room for all these guys? you have staples, office depot. all i need is amazon is what i'm saying. >> you have got to realize you could throw a stone and hit office supply store. they are not necessities. we do a lot less with paper. all on our computers and tablets. melissa: right. >> it is not a necessity but i think from value standpoint we have office depot, 60% off its highs. i think there is some value at

these levels for some sort of a bounce when they figure out the model and how to put it all together. i think there is value down here at these levels after this selloff. melissa: alan, get back to trading. thanks for joining us. we appreciate it. >> thank you. melissa: coming up the e-cig crackdown. l.a. officials are fired up over the craze. we have one of the biggest e-cig makers on why he is thinks he unfairly targeted. from wall street to the new jersey bushes, flawed is flying through the roof. we are dig up dirty laundry and a money and lot of dirty laundry up next. ♪ ♪ [ cows mo] [ sizzling ] more rain... [ thund rumbles ] ♪ [ male announcer ] when the rld moves... futures move first. learfutures from experienced pros

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melissa: take out those papers and track. we are airing out all of our dirty laundry today. first up, the latest hit against sac capital's mathew martoma. stanford business school revoked his mba after following his inviter trading conviction last month. all the word on wall street. charlie gasparino. how could we do any dirty laundry without him along with an attorney and former nypd

detective bo dietl, fox news contributor and taken out a lot of dirty laundry for people. i'm not going there. >> what i described you, dumpster diving hangouts. i used that in "wall street journal" story about bo. melissa: we haven't even started yet. let's start with mathew martoma, stripped of stanford mba not just because of whole insider trading thing. turns out he lied his application to stanford because he was chucked out of harvard business school. they found out it recently and revoked his harvard mba as well. what does this tell you? this guy is cheat all his life? >> completely appropriate. lied on application. this is for all the problems this guy faces this is the least of his worries. he is going to jail. my gut, if you look at cases now, who knows, maybe the judge will be nice to him for some reason but if you look at all the cases and how much money was involved in his case he has got to be going to jail on raj rajaratnam levels. he has to spend 11 years in jail.

melissa: he wouldn't be using stanford mba anytime soon so wouldn't have use for it. >> could go get another one in jail. melissa: does this happen all the tile on insider trading? obviously had to do with the fact he lied on his application. do universities usually recroak degrees lateer? >> this is sanford. they're trying to make sure their degree means something. don't was ex-polled for lying at harvard. melissa: how did they didn't figure that out. shame on stanford. >> it his transcripts. he screwed around with the transcripts. if, i'm not lawyer but legal basis. >> charlie when, we do backgrounds on all alleged degrees these people have we find a lot of figazy out there. a lot of degrees people put on application, they think no one will check or attended graduate school and didn't quote, finish, i only need three more credits. you know, lies will always surface. melissa: harvard database and

see who else graduated. i can look at the people. so easy to check. >> no, he never said, he kept it out all comply. and changed his name, right? changed his name. melissa: lied by omission. >> which happens, that does evade, background checks are not very complete. >> whoa, whoa, excuse me. >> i caught so many, i did a story about kroll -- >> kroll do not -- >> jewels kroll. melissa: charlie, fascinating article how people are the accidenting fired up about insider trading and they shouldn't be. >> i think it is somewhat of a victimless crime. i'm not saying it is a good positive thing to do insider trading. >> no. >> i look at this, notion of the victim on this and where law enforcement should put its money, shut protect people from the jordan belforts of world, or clients who put guns to people heads involved with the mob. not people trade on material

inside information. if i had the stock and sell it through the magic of markets you buy it, you will buy it anywhere. i'm not telling you to buy it and you will lose anyway. melissa: do you agree with that? >> no. i think actually, especially a person like this they're buying large chunks of stock. they're market makers. people are watching what they are doing. so they are affecting price for average viewer. melissa: that isn't good but the loss is bad, right. >> if they are buying large blocks of stock based on inside information that is alerting market. >> alerting the bulls that have assets. not alerting the average player. >> federal government should be making life save for fat cats? >> i think federal government should be making life save for all of us and capital markets -- melissa: speaking of making life safe. "real housewives of new jersey" and joe and teresa giudice. they went back to the italian

pronunciation. getting ready for perp walk. they're pleading guilty to lying on mortgage applications on their tax forms. >> holding back one million dollars of earned income. now, what upsets me is i just talked to my friend bernard kerik. melissa: yes. >> former commissioner got involved with couple venal since, sent him away for five years. if these people are not put in jail for significant amount of time if bo dietl did that i would look at 20 to life. you know what? should put no exceptions. should go to jail. they did the crime because they cop out now. melissa: is this victimless crime? i mean they got a mortgage under false pretenses. lied on their taxes. from the government. >> held back claimed income. melissa: from the government. melissa: yes i pay every dime and i hate it. >> i thought bernie kerik was somewhat politically motivated. here is difference between putting bo dietl and these two

clowns in jail. there is deterrent value putting bernie kerik in jail or bo dietl. melissa: i think there is deterrent. people watch the guys on television. we got to go. victimless crime, right. >> you make a million dollars, don't claim it for four years. >> take david dinkins. melissa: we have to go. coming up from oil pipelines to ketchup bottles, new technologies that can clean out every last drop. this is crazy. folks at mit made this. don't miss innovation that can save big industry, big bucks. this is very cool. plus is mcdonald's giving up on the wage war? new notes suggest that the golden arches may be out to cave in to the pressure. do you ever have too much money? [ male announcer ] we know they're out there. you can't always see them.

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melissa: good till the last drop. don't you hate it when you can't squeeze that last little bit of ketchup out of the bottle? one company is working to make sure that you get every little bit but the technology also has huge applications for big business as well. here now is the man behind this innovation. president of liquid glide. thanks so much for joining us. you bought the example here this is very remarkable this is like regular toothpaste. sort of a nightmare. then this one, look has your jell inside. and you can get every last bit out. what do you do and how does it work. >> let me clear this, i'm not inventor. i'm inventory of the company. invented at mit. licensed this technology. melissa: glad you cleared that up. >> sure thing. this uses two layers. we apply a tech ture, like a thin sponge we apply to the

surface of the substrate or product. melissa: inside of the container? >> inside of contain ir. put liquid on top of it. the liquid is held by the sponge-like structure and make that is slippery. melissa: if you put it inside the ketchup bottle means i'm ingesting it. does it change the taste and there is anything in that i don't want in my body? >> a tiny comes out because this coat something vegetable oil and completely harmless to you as consumer. >> why has no one done this any before? >> turns out creating techtures and finding the right materials to make it slippery and stable is very difficult. melissa: when i take the toothpaste out, i will not do here because it make as same mess. and it has the same texture and everything? doesn't make the actual product running. just a coating on inside. >> yes. melissa: there is fascinating applications. you would put it on the inside of oil pipelines so you don't waste a drop. >> that's correct. there is bunch of industrial

applications. sample of paint being evacuated. so you see all the paint comes out. a lot of industrial applications. toxic waste component we reduce or bring to zero. melissa: you started this company i understand without a lot of leverage. this was about winning competitions. you did a friends and family round. >> that's right. melissa: so where do you stand now? are you selling it commercially? >> correct. we started literally a year ago, 14 months ago. this is ready to go to the market. we don't need vc funding, offer it to clients. in the consumer goods industry, toothpaste companies, mayo nays brands we're looking with them to bring it to the market. first products in 2015 in the shelf. first commercial applications on processing line in next few months. melissa: is there a race for other chemical companies to do this. >> there is race between different companies that work with us to bring this to market. many markets there will be exclusivity granted to client. there is more promotional power

to get behind it. melissa: fascinating. leave it to mit thank you very much. appreciate your time. to the west coast now where l.a. is firing the latest salvo in the war against e-cigarettes. the city council voted to band e-cigs from work place, restaurants and even outdoor places. this is a huge blow to the e-cigarette industry which stands to profit from the regulation trends. we have the second largest e-cig company here in the united states and let's get right to it. if the mayor approves this measure this will be latest city, as we said, how much does this threaten your business? >> i don't think it threatens us considerably. reality vast majority of consumers are adult smokers and deal with bans currently. we take issue with the process which l.a. has gone forward. currently the fda is looking at this issue. we expect regs from them. we would hope for a federal

framework as opposed to patchwork municipal approach we think does everybody a disservice. melissa: have you thought about hiring lobbiests in you mess have them out there to work on it? >> we have lobbying firms that speak on this issue. we were present in l.a. we were present in chicago and new york. unfortunately the city councils have not been interested from the science component. again as i said previously, really a shame they're not looking to the fda which is the one organization we look too currently in this space to regulate tobacco to provide the federal framework. we aa line with them on many issues. we don't want them in the hands of children and flavored products or internet sales. this is misnomer that we're not responsible or recognizing some core issues. >> mentioned the kids. journal of american, kid that tried e-cigs were six times more likely to smoke the real things. >> there is science on both

side. i'm not here to debate the science in that article. we want fda look at all this and science and look at regulation of the as it pertains to kids we want it sold to same age of cigarettes and brick-and-mortar stores and ban internet. we have no issue to that we sell products to adult smokers. melissa: could this be tax revenue? fed collected 17 billion in tax revenue from the cigarette industry. minnesota is only state that levies a special tax besides sales tax on e-cigarettes? could that be what is behind this? they're looking for tax revenue? >> possibly. just because it says cigarette in the name want to apply as easy fix like cigarette regulation to these products. inherently they are distinctly different. the revenue question always comes up tobacco revenue and taxes are based on a harm profile. we're looking for fda to talk about difference between this

product and combustible based cigarette and let everything from regulation to taxes follow after that. melissa: thanks for coming on the show. >> thank you very much for having me. melissa: ukraine is upping the ante, is our best response to russia increasing u.s. lng exports? our next guest is a congressman that thinks he knows how to hit putin right where it hurts. watch this and tweet me what you think. plus who is winning the wage war? mcdonald's already showing the strain in a new sec filing. we're chowing down with a major fast-food exec coming up next. ♪

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melissa: turning to mcdonald's they are sounding the alarm bell

on minimum wage calling the trend toward higher worker pay a, quote, risk factor. in their latest sec filing president obama renewing his call for minimum wage increase in connecticut but a guy who knows a thing or two about the burger industry says this would be a big mistake. jean e. richardson joins me. you brought up the whitechapel murders. mcdonald's says long-term trend toward higher wages and social expenses in mature and develop a market which may intensify with increasing public focus on matters of income inequality is one risk factor mcdonald's in 2013. >> we sell small burgers so we say things shorter but the way we would relate to that is there are a lot of extra costs coming from all kinds of different threats and the wage is a real one, we do a great job investing in our people every day. melissa: folks on the street would say you are making a fortune, you can afford to pay your people more. >> in restaurants across the

country the average earning per team member are $750 compared to other industries where it is $10,000 of our margins are compressed. the affordable care act is turning out not to be affordable. melissa: team member includes employees we were talking about? they say it is in balance, you're getting a lot and they are getting little. >> at an end of the day we are giving a lot to our team members and the biggest thing is creating more jobs and that is our hope and this is an idea that looks good as a bumper sticker would crush our ability to create more jobs. melissa: the cbo came out last month and said it would cost half a million jobs. they are government organization, not supposed to have a dog in the fight but look at the numbers. what would it cost you? what would you do? >> we would do a lot of things. the first is raising our prices which is the last thing we want to do. if we had to cover the cost of this minimum wage increase that is proposed we would have to sell 317,000 more burgers and that is --

melissa: you have done the math. you know how many more burgers. >> it would freeze us in our tracks when it comes to growth and in neighborhoods in 1928 in between the u.s. unemployment rate is 30%. this is a policy that looks good on a bumper sticker but bad for the people. melissa: president obama was saying the money essentially goes around. if you paid your workers more they would have more money to buy more burgers. you would sell more burgers or charge more because they would have more money in their pocket. >> if you take it one step but we did in the real world where there's a second, third and fourth step and realities every minimum-wage study for the past hundred years as it benefits a few and hurts the many and create more unemployment and less opportunity. melissa: we need better paying jobs rather than focusing on the minimum wage. >> it is about giving people the first step on a letter to prosperity. with the kids the come in to arrest us to get a first of the graduate to gone to great things or stay with us.

one in four team members have been with us ten years or more. melissa: thanks so much. oil rallying in the last few minutes. let's go to tres knippa at the cme with more on that. >> crude-oil under pressure all day, a dollar lower awhile ago. literally in 20 minutes the market recovers, goes past and positive on the day. my first instinct was i started going for some ukrainian news, that is the logical sequence of events, movement around their pipelines and that sort of thing. crude spike when we first got the ukrainian news the things of calms down a little. crude has come back. i immediately started searching around on the fox website trying to find information about ukraine. nothing showed up but you have got crude oil supplies at their lowest level since 2005 so any sort of bullish news whatsoever gets amplified and makes the market move quicker.

melissa: absolutely. when you see a pop like that move by spent years in the crude-oil pit at the nynex, it shows you how much strength is underlying in the market and has this tendency to go higher. we are sitting in an elevated level, 101.48. how high could this go? >> we could talk about that and inflation and those things but as long as you have supplies where they are i can't put a realistic top on where you can go. as long as you are continuing to get global demand at the levels you are seeing i think crude has a lot of upside to it. melissa: a lot of strength in that market. we appreciate it. up next, exporting natural gas the way to hit crude where it hurts? one congressman thinks so and is taking his fight to the top. we are live from capitol hill next. at the end of the day it is all about money. announcer: where can an investor be a name and not a number? scotade.

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>> the number of americans seeking unemployment benefits dropped 26,000 last week to a seasonally adjusted 323,000. this is the lowest level in three month. the estimate was for 338,000. mortgage rates falling for the first time in three weeks according to freddie mac. the average rate for a 30 year fixed mortgage slipped to 4.8% last week down from the previous

week's 4.37%, the 15 year fixed fell to 3.32 from 3.39. american household wealth grew by $10 trillion last year. the stock market boom and the recovery in home prices increased the net worth of u.s. households by $9.8 trillion, a 14% increase from 2012. that is the latest from the fox business network giving you the power to prosper.

melissa: whether on wall street and main street here it is who is making and losing money. anyone with a piece of stables, the retailer getting hammered, cutting costs and closing hundreds of stores. the stock down now nearly 15%. that really hurts. not great news for ceo ron sergeant, he is 2.3 million shares of staples, he has already lost more than $5 million. i'm sure he appreciates that. so sure he is going to make money that he is pouring more into his big green bet. data on horn, his green light capital reinsurance co. has made greek lender alpha banks one of the top five positions. reports suggest the state could be worth $4 billion and may mean larger than holding apple.

let's see how that works out. what are we going to do now? okay. why don't we take a break and come back and get organized? predicting the future is a pretty difficult thing to do. but, manufacturing in the united states

means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done.

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>> the federal government, through its credit programs and a lot of quantitative easing by the fed has been pushing home values up and we saw that happening 18 months ago and they are up 18% nationwide since then. melissa: that makes me nervous. like it is not a great time to buy because last time they did that the story ended very badly. >> absolutely right. americans are really scarred by what happened in the last real-estate collapse. they look at the opportunity to buy anything going home could be a liability, not an asset. people are choosing to rant instead of by. we had a million americans and of the renters it cool, choose to rent instead of to buy. now is a lifestyle choice. if you see these rental communities being built across the nation they offer amazing amenities, home theaters, state of the art fitness facilities, it is a good time to be a renter especially if you are worried

about flexibility which i am. melissa: i am a homeowner and nervous about all this. i feel like you are really making a commitment, that you may have to stay put for a very long time to not lose money. it has to be so worth it to you you desperately want to be in that home you are buying. >> there are things you can do to protect yourself. you can look at how home prices are doing relative to fundamentals like income growth, jobs, rents and fitch ratings has a great listing on that. new york metropolitan area is viewed as being 5% to 10% overvalued the down from where it was a year or two ago. l.a. is now at 20% to 25% overvalued so those two decisions you can go down one more level land look at what is a house rent for and if you buy it and you can rent it and get a return of 8% or 9% you are safe. if you get a return of 2% or 3% you are stuck. a lot of information wasn't available last time.

i am not saying people should run out and buy but it is a decision that you make a rational basis. melissa: the flip side is a lot of people have made money in real estate lately and if you were sitting on the sidelines you missed the run-up. if you are not in it you don't have an opportunity to make money on it. >> if you look at the numbers and all the studies coming out like in the last boom where realtors are pushing to buy, don't rent, talking about sir numbers, look at cost per month, x amount and save money by buying instead of renting. the reality is the market where that does make sense, markets like toledo, kansas city, detroit, places where basically you don't have a lot of employment so the people who have an opportunity to buy today it is difficult in those markets to scrap together enough money to put down the down payment. what i tell people is even though it may look positive lasting you want to do is put your eggs in one basket. you don't put every dollar, every penny into that. melissa: what about that notion

the kind of things my parents said, if you are renting you are throwing money away and giving it to somebody else. if you own you are building a nest egg. is that true? >> you used to be true. the problem is we stopped paying off the debt so we basically got into a debt machine. people would get highly leveraged loans with minimal down payment and refinance. your parents might have had a 15 or 20 year alone and are paying it down and burned the mortgage. that was the goal, to get rid of the mortgage. i recommend people that they don't over by, they look at the first thing realtors will tell you is you could be qualified for a house for $250,000. what can you comfortably afford? it might be $175,000. don't get in over your head. look what you would be paying for rent and in a few years if that house works great. if it goes up in value great, if it goes down you are protected and 4 five years ago to another

house. melissa: thanks to both of you. time for a little spare change. software development is the wave of the future. you are no longer out of luck if you are not a code genius. platform that lets you or your business and build your own apps. the ceo joins me now. this is fascinating. you can create an apps for yourself even if you don't know how to write code. how does that work? >> normal business users the track this technology and powering business units who don't know how to write code to build their own business applications to do the job better too, easy import from xl and really simplifies the process for everybody. melissa: you have a great example, wired magazine helped them make an application to publish their articles more effectively. how did that happen? walk me through it? what was the trade off in price?

>> wired magazine did it themselves. their editors and their writers built the applications themselves so we managed the work force articles from start to finish and publication and the trade off in price was going out and buying a large, $1 million system to manage this process or do it themselves for a lower dollar amount, lower-priced point is $25 a user amount. melissa: what does it look like if you are trying to do it yourself? my 7-year-old is sporting a red coat and when i see what he is doing a i can do it. how do you write an apps yourself if you don't know how to do it? >> like any normal interface with you calling from a consumer tool you use to seeing on facebook for a business tool that is less complicated than salesforce.com where you have simple, plain, english-language, create fields in plain english and an easy-to-use interface

like microsoft office. what you can imagine you can build. the drop down menu in plain english you have an application. it can be used by anyone anywhere in the world. melissa: how do you make money? do you charge for application? is there more revenue after that? >> we charge per user. how people build as many applications as they can, track the platform for aggregated reporting or workflow among office workers so we are on a per user basis. we charge business users $25 a user amount. melissa: what is the impact on the software business? everybody who does this, then doesn't buy an expensive application for someone else. >> it is a huge disruption to the $370 billion enterprise software market. we think there's a huge shift happening where traditional software will be less likely to win business users's hearts when they are looking to build the solution and the spendable going to the business user's hand that

have a budget and do their job every day and know what they want and going to build themselves. melissa: thanks for coming on. appreciate your time. we're coming up to the closing bell. cheryl casone has a preview of what is ahead. cheryl: watching the s&p. take a look at the numbers. we are on track if we close at the levels we are on your screen this will be the 50th record close for the s&p in the last 12 months, we are watching that and the dow, the nasdaq going negative. we will explore that as few moments. take kaplan will join me on the show today, he manages royce and associates, manager principal founder, he basically says he likes what he sees but is a little nervous. he has some cautious scepters to tell you about and some good stock picks, you are going to love those and if you like shopping, and other retail segment, unique pablo. have you been to the 1 on fifth avenue? melissa: i order from them on line. got some adorable coats for my boys this winter.

of very hot brand. when i and at school are on the playground i see kids with this stuff and inevitably the parents end up buying it as well. is very hot. cheryl: usa ceo will be joining me. just took the job that was going to expand in the u.s.. he wants to make that a lot more next year so he will be joining me with an exclusive interview coming up. melissa: it is hit and affordable. look forward to your show. can't wait. of next, dealing with the ongoing crisis in ukraine and the global threat posed by russia we are talking to congressman bill johnson about the critical steps the u.s. must take. you can never have too much money. there's this kid.

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

melissa: gina mccarthy is the new head of the epa and is making comments at sierra week, an annual conference that goes on in houston every with the bigwigs in the industry and she is saying she is going to support efforts to build natural-gas vehicle fleets around the country. she says cleaner electric generation is key to global competitiveness. it won't put the brakes on business. you can see energy trading higher on the day, heating oil the only one in the complex that is trading lower. increasing natural gas in exports to the fight that could be coming to a head thanks in part to the crisis in ukraine. a few hours ago the u.s. prompted russia with economic sanctions and today a bill was brought to the floor to ramp up the approval process for liquefied natural gas exports from the u.s.. ohio congressman bill johnson is on the energy and commerce

committee and says this is of great way to hit russia where it hurts. he joins us on the phone. do you think you have a chance of getting l and gee exports out of the country and making the bucks? >> we should. the secretary of energy has already expressed his support and russia has build their economy around the monopoly on natural gas in europe, 80% of russia's gas exports go through the ukraine, 50% of russia's government tax revenues are from oil and natural gas and 70% of russia's natural gas exports are purchased by countries in western europe. they have got a stranglehold on the energy sector in europe. the president could send a big domestic signals that would have profound foreign policy implications if he would do three things. one, put the keystone xl

pipeline, break the logjam immediately with those 24 lingering liquid natural gas export permits that are hanging out there. and finally sent a message to our friends in europe that we are open for business and they could get their energy supplies. melissa: the argument is we don't want to export our energy because it is a precious natural resources and we should be using it here at home and natural gas we could be using at home to lower manufacturing costs and bring more jobs back to the u.s.. what do you say about that? >> we can do both. the issue is we can do both. we got to get the infrastructure in place so that we can provide that feedstock to our manufacturers but i agree we need to be using this resource at home with all of our natural resources and part of the problem is that we have a roadblock by this administration

from allowing us to compete on the global market and that is pushing the demand for natural gas down in our country because we have a lot low price for liquid natural gas compared to the $13 or so price on the wall market that russia has build their economy around. melissa: do you think realistically do you get over that hurdle? when we can't even get a keystone xl pipeline built do you get over the hurdle of liquefying natural gas in the next -- selling it to another country? >> you have to ask when is president obama going to understand being strong economically strengthens our position on foreign policy front too? when we are weaker economically it limits our ability to hold the other countries like russia accountable because we are already the largest exporter of energy in the world. we could easily, easily send russia of very serious message that you need to play as a good

actor in the region because the economy depends on natural gas and we can -- melissa: this is a golden opportunity for that because that is the stranglehold they have over europe, they are the ones that supply the natural gas and we can't just automatically do that. not like oil where you should get out overnight. we have to find a way to get it there. it is not as fungible. what are your thoughts about vladimir putin and his nomination for the nobel peace prize with everything that is going on, for him to be in the mix? >> i think it is just another indicator that the world views america as being weak right now. our stature in the international community has declined. president obama% in trying red lines that he doesn't even understand himself, and certainly doesn't seem to have the intestinal fortitude to stand up, he refuses to work

with congress to develop a comprehensive foreign-policy, all of those things. melissa: we are out of time. the program is ending. we appreciate your time and good luck to you. that is all we have for you. hope you are making money today. i ate a cheeseburger. tune in tomorrow and see how one company's printing jewelery for $250,000. wait until you see this at 2:00 p.m.. countdown starts right now. >> retail revolution. the parent company of unique globe plans global domination but can that retailer conquered the world without a major u.s. acquisition like j. crew? what about all the different tastes and sizes in the u.s.? we will ask larry meyer. it is a fox business exclusive. winter blues. the jobless numbers may plunge to the lowest level in three months but tomorrow's monthly jobs report could take a huge hit from the