a fall of 2%. [closing bell ringing] which is pretty much what we're seeing now. >> it is up 500% in the last year, right? >> exactly. at the moment tesla a lag grader by a slight miss. bells ring on wall street, see how stocks are finishing up. dow jones industrials off about 65 points. we were down more than 85 earlier. we have the nasdaq also down 26 points. a bigger percentage chunk down 2/3 of a percent. david: russell 2000 down over a percent that is the biggest laggard. front page headlines with more about stocks. men's warehouse is buying rival men's clothier, joseph a. bank, for $5 billion this ends a five-month merger drama which really began when joseph bank tried to buy men's warehouse. liz: the jobs outlook improving for the second quarter. manpower saying 19% of its more than 18,000 companies it studies and surveys, anticipating

increasing staff levels. david: the commerce department said wholesale inventories rose .6% in january. the increase as mid-sales fell mostly because of bad weather. liz: "wall street journal" says the greek yogurt company, chobani, we know it, love it, pom any granite is my favorite, seeking valuation of $5 billion as it explores options to raise capital. an ipo is not imminent. david: meanwhile the bank of england will overall the way it works with financial markets, following criticism of the bank's response to possible manipulation in foreign global exchange markets. liz: sac capital, the epbattled hedge fund owned by billionaire steve cohen is changing its name. it will be known as point 72 asset management as the firm traditions from hedge fund management to family office managing cohen's personal fortune. "after the bell" starts right now.

david: we just got breaking news out of washington. we want to go back to rich edson on capitol hill with very latest, involving obamacare, no? >> david and liz, these are the final and most recent obamacare enrollment numbers. shows the pace of folk signing up for private insurance into obamacare has slowed now. 4.2 million is the total by end of february, says the obama administration. 3.3 million by, basically signed up, by january and going through all of these numbers here, basically shows these numbers have slowed. the administration expected at this point to signed up 5.65 million americans. so they're short by about a million 1/2. the administration in its initial projections expected to get 7 million people signed up by the end of this month. congressional budget office came in a little bit later and said because of all the problems with the rollout of obamacare that would be actually down to about 6 million. so to reach the initial goal

will need 2.8 million in the final month but the secondary goal of 5.8 million, signing up in february for the insurance slowed. david: we have gary rand who says it may be time to decrease exposure to equities. michael wall, wall financial group president and founder to tell us why we should be invest in what he calls the new essentials. larry shover down in the pits of the cme. larry i want to start with you. you say lags week's rally created kind of an air pocket in the markets. what do you mean by that? >> i mean right now it feels a little squeezesy. weak hand who bought on the rally, even though they're not strongly convicted. they're underneath the price action, price level. to me that means we could very easily see a short-term correction that is fairly meaningful. we have a lost weak hands in the market that don't believe in the market for getting.

it much so fast they can't afford not to be in the market. liz: gary, that works perfectly with your theory that the market is fully valued or maybe even slightly overvalued and you're concerned about that but some people would say historically this market seems to be just fine when it comes to price prio earnings valuations. >> well you know i think there are other metrics you have to consider. some. recent headlines have got me a little concerned. yesterday there was news about margin debits at all-time highs. >> yep. >> the story in the financial times, $18 billion come out of the s&p spdr or etf this year which is kind of puzzling to me. recently there has been some discussion about the market cap to gdp ratio which is statistic that warren buffett likes to reference. liz: he does. >> showing that is now, north of reasonable value. and on its way to overvalue. so i think it's a good time to be cautious. there are ways to get your cake

and eat it too, maybe looking at things with lower volatility or less downside than upside. david: michael wall, let's talk about the new essentials. you want to say, we want to invest in new essentials. what do you mean by that? >> yeah. you know, good to see you, liz and david. it is really the idea of the generation we live in today is very different than it used to be. it is funny, people will go without a home but won't go without a cell phone. a lot of your viewers are obviously in a situation where most everybody has cell phones out there today. we want to be looking at things that people can't live without. people are checking facebook throughout the day. there are a lot of things that makes our world very different. we want to invest this things that can capitalize on that type of stuff. liz: okay. so, gary caught my ear when he said, if you are worried we might see a little bit of shakiness in the markets, there are ways to pick stocks that have less downside. i would love more growth. if we're going for less downside, gary, what do you look

for, what do you see? >> first of all there are strategies you get equity-like returns without he can quilt-like risk. so for example, we've been investing in a hedge fund investing in distressed equities and distressed debt. that is off to a very strong start this year. that is a place you can add some money. there are fund and managers that pride themselves on getting a lot of market upside, 90, to 95% of the upside but only 70 to 75% of the downside. i would look to allocate money to those managers as well here with market getting more valuation and more mature in the cycle. david: larry shover, let me talk about housing for a second particularly because of winding down fannie and freddie. this is one of the few times that democrats and republicans are working together to try to get the government out of fannie and freddie, create something else. put the housing market specifically on target so that the taxpayer doesn't have to bail them out again, but, i'm wondering if there is a concern

here? it happens at same time that the fed is pulling back on buying mortgage-backed securities. could the housing market be in for a bump here? >> you know it could be but over the long term i don't think so. it could be a temporary speed bump as this gets worked out. these things don't get worked out overnight. the bottom line there is still plenty of demand in the housing market. we climbed up a big flight of steps after falling off a cliff. david: hold on, larry, let me push you back a second. >> sure. david: if the fed is not buying mortgage-backed securities to the tune of tens or hundreds of billions of dollars every year, who will step in and buy them? >> well, i think the market in general will start buying them just like they do right now. you will have traders around the world realizing that -- david: if the market doesn't buy them down, larry. the market is not buying them now. the fed is buying 80 to 90% of them. >> right, exactly but it will roll out where there will be more appetite for average investor or institutional

investors the endowments, et cetera, to buy up these to take up the slack of the federal government. you're correct it's a speed bump but i think there is a market for these kind of securities. liz: there's always market. always smart money moving. bring in your smart money picks. you like names like verizon and facebook. this superimposed over geopolitical picture that looks to be a little frightening with ukraine at least from your perspective. >> absolutely, liz. i think verizon is certainly a good pick. great infrastructure, around a long time. a lot of users. a lot of people using them. facebook, we talk about google and all data google has but think about facebook. people put everything going on in their life on facebook. think how much data. we use it with our business. there is lot of people that use facebook. i see a lost play there. the other thing, liz i think is in health care. you know, not necessarily talking about government, private, whatever.

but hta an example. that is something where it is a play, kicking out five 1/2%. buying medical office buildings. health care will not go away with the baby boomer generation. all things that have staying power i think as time moves along. david: gary as nervous you are about the overall market you do have some individual picks. gilead science and emc. why do you like these stocks? >> billly idea is a play on virus treatments and cardiology. with the advent of new medicines, the further enrollment of greater population to use them i think it's a good play. it is only trading at 15 or 16 times next year's average investments, not a super expensive stock. emc is play on cybersecurity and cloud. vmware and new division they called pivotal they started with an investment from ge. i think they're in all the right businesses.

they announced recently very friendly shareholder capital allocation plan where they will give back half of their cash flow to shareholders either in dividends or buybacks, we like that as well. david: everybody is doing the buyback thing. thanks, guys. gary, michael, good to see you. larry we'll check back in with you in a couple minutes when s&p futures close. liz: thanks, guys. mystery deepens into the disappearance of malaysian flight 370 continues. 10 countries searching for that plane. what does a search like this entail and what happens if nothing is found? which have former ntsb chairman jim hall to look at that. david: he's the best. defense stocks had a blow outout year. many names are up 80%. is the run-up getting too frothy and could potential landmines be a threat to investors? we want to hear from you. jcpenney shares continue to move higher today, up 3%. it is up more than 40% in the last month. so is the retailer officially

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with the mobile trader app. so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. david: teen retailer urban outfitters falling as investors

digest declining same-store sales. liz: a tough business. nicole petallides on the floor of the new york stock exchange looking at it. >> liz and dave, when you look at urban outfitters you think of a lot of retailers this holiday season but urban outfitters becoming culprit of winter stores, winter weather and cold. urban out foyters down 4 1/2% today. their chain same-store sales fell 9%. they also have free people and anthropology under their umbrella. those did a little better so that is the good news. overall they talked about the tough winter, tough holiday sales. the clincher, very cautious on current quarter performance. stearn agee analyst says management taking a step to correct issues at urban outfitters, there is significant downward pressure on margins as the brand continues to struggle. that is not what you want to hear if you work for urban

outfit is or a shareholder. you want to hear something opposite. david: how can you get in the mind of a teenager? you can't. you just can't. thank you, nicole. liz: s&p futures are closing. let's head back to the pits of the cme and he is watching the numbers. larry? >> currently the market seems quite content to run in place. make no mistake about it, even though correlations are dropping, even though macro news are staying local, traders are walking next two big things. next week we have yellen speaking. that could be a big deal for the market. will she come through and deliver qualitative guidance going forward? lastly we have earnings season, ail 8th, the very beginning of earnings season. how much more can the market bear blaming things on weather knowing we need growth metrics going forward. david: when it is 50 degrees in chicago, you can't blame the weather anymore. larry shover, thanks. >> that's right. thank you. david: there are still no clues

about malaysian airlines flight 370 which disappeared with 300 people on board. liz: search crews from 10 different countries are scouring the south china sea looking for the plane. david: what could have happened and what chance do these search crews have finding that jet? with us is jim hall, haul and associates managing partner, former chairman of the ntsb. he knows more than anybody i know what goes on with the airlines. thank you very much for coming in, jim. great to see you again. first i want to talk about emergency locator devices. i know there are questions about whether there were terrorists on board or et cetera, just a very simple question about what activates these emergency locators? what and how are they activateed? >> well there are activated by impact and they are designed of course to start sending a signal once there is any type of a unusual impact with the aircraft

and the problem of course when they're underwater is you have to have a ship with the proper equipment on top of the elts in order to pick up the signal. liz: david's talking about a signal of that opportunity. i'm thinking about evidence that might be floating. why have we seen nothing and how hard is it? is it possible and excuse my ignorance because everybody keeps going, what about this, what about this? do satellite pictures dig up things like this? would that be a way to go? >> well this is reminding me more and more of the egypt air investigation that was conducted by the ntsb while i was chairman. some things just don't add up here and it's unclear whether the malaysian government and the civil aviation authorities and airline in malaysia have provided all the correct information and are being forthcoming. which is, first of all,

extremely unfair to the families who are agonizing and waiting to find out what happened to their loved ones. david: well, jim, i got to tell you, that is very, coming from you, jim hall, who has more extensive experience with these things than anybody i know in the world, for you to suggest that the malaysian air defense radar, for example, is being withheld from the chinese is very significant. do you think that if the malay government were to give all of the information they had from their air defense system that we would know more than what we do? >> well, it appears that what we were told where they were looking initially with lots of ships, lots of manpower, expending, you know, a great deal of money for the search, it was incorrect because the aircraft actually did a you turn, turned the transponder off, so that raises the question -- david: by the way do we know,

sorry to interrupt, jim, do we know specifically that they turned the transponder off and why would they do that? >> well that is the information that has been reported at this point in time, that's what i'm saying. the information does not compute. something is going on that aircraft and it appears to me that there may be more information available through the malaysian government than has been provided and that information, if, if i'm correct, that information needs to be put out immediately. liz: is there any way, jim, that as the transponder was turned off, that there may be some hope here, that it was landed somewhere by perhaps terrorists or nefarious elements out there and that it is somewhere at least? or would all radar that is on the ground be tracking it somehow from all countries? >> well, you know, the radar is,

is limited. there is not the great coverage that everybody assumes that everything is followed. i would like to tell people, you're familiar with your cell phone dropping a signal. it is just as possible for the technology that works on these aircraft to fail. so but the situation was reported today, as i understand, that they believe that the transponder was turned off and the plane continued to fly. and the saddest part about this is, that does raise the faint hope i'm sure with some of the family that is this aircraft did not crash and it is somewhere on the ground. david: that would be extraordinary if true. let's talk about the people factor here. first of all the two iranians who were on stolen passports but also there were five passengers who checked in and did not get on the plane. how unusual is that?

>> well that is extremely unusual and that should not occur on an international flight. and i certainly hope that our u.s. congress is going to be looking very closely to be sure that the procedures of the u.s. airlines, and the airlines flying into our country are followed, certainly much better than it appears have been followed on this particular flight from kuala lumpur to beijing. that is just unacceptable, unsafe, and dangerous in the world we live in today. david: well, it appears we found about the weakest spot in our worldwide defense system against, against incidents like this. jim, thank you very much, jim hall. good to see you. >> good to see -- david: thanks. liz: we'll have him on anytime when there is more information. they say money talks. now with russian oligarchs firmly entrenched in london

spending loads of money on real estate and ip offs, would the u.k. rather have russia's friendship or ukraine's or ours even? we talk to an expert on russia who says the oligarch grip is ti ally. david: also entrepreneur sean combs also has a music career of course, a clothing line, vodka, even cologne. what is he investing in now? there is something more he is doing. we'll tell you about it when we return. ♪ you make a great team. it's been that way sincthe day you met. but your erectile dysfunction - it could 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 ability to be ready.

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liz: time for a quick speed read of some of the day's other headlines, five stories one minute. first up, hyundai working on its first electric car. the carmaker says the battery powered vehicle says maker says the vehicle will be available in 2016. bmw is top seller of luxury cars. >> we said that here. liz: we saw that happening here a year ago at least, right? first two months of this year, audi predicting another year of record sales in 2014. colorado seeing hefty benefits from its cities to legalize pot. the state collecting more than $2 million in taxes, david, on recreational marijuana during january alone. hip-hop artist and entrepeneur sean combs, also known as diddy, has entered a 200 million bid to purchase fuse tv. the rapper owns cable network bolt tv and hoping to broaden his viewer base by incorporating fuse into this network.

apple making a move to try to convince record companies to exclusively offer new releases through the itunes music store. this temporarily would block them from appearing on rival streaming services like spotify and pandora. >> we need a couple seconds to pad ourselves on the back about audi. over past year defense stocks outperformed the market with some names surging 80 to 90%. last july, watching here and seeing "barron's", senior editor jack hough predicted one defense name, raytheon was set to beat the market. of course it has surging 40%. will defense companies be able to keep up this pace? how will rising pensions impact the sector? jack hough, after forementioned is here to talk about that with us. congrats on raytheon. you think it has more room to grow. we'll talk about that in a second. first of all, the entire sector has it become too frothy? >> i wouldn't say frothy but this sector doesn't have a lot of growth right now.

chief appeal of big defense names everyone had run away from them and you can get them at nine it 10 times earnings. she is priced right in line with the market. david: whole sector all-time high right? >> >> people were anticipating doctor cronian cuts to the sector. david: what happened to this? the sequester was supposed to knock the heck out of them. >> defense is stickier than people anticipate. something would come around. in december we saw -- david: lobbyists for the defense industry is so strong it prevents politicians from cutting when they say they are going to? >> not just the base budget talking about defense spending. we have side fund where you can use to fund, which have a fund for operations in iraq and afghanistan. it's a massive fund. that is money that goes to defense companies. we have a new fund the president introduced in his budget that is

has vague things including security. that is flexible money you can use to fund some of these problems if you had cuts to the base budget. david: so the money is continuing to come in but the money continuing to go it. they have these pension costs. usually industries closely aligned with the government like against stocks have huge pension costs. how are they doing there. >> pensions are a big issue for the companies so they tend to move on pension news. two things matter more than anything else when it comes to pension funding. performance 6 investments i including stocks and performance of interest rates. higher rates means less money to put away. we had a huge stock market rally and interest rates have come up a bit. for the pension companies the issues that had been major earnings drains, now they're contributing to. >> kind of quirky the way the pensions work. the cost is built into the contract. money is added to earnings because pensions look so much better right now.

david: let's talk about two stocks, you don't like the word frothy but higher than others, lockheed martin and general dynamics. they are so high, particularly with the next earnings season coming up they are going to have to create tremendous revenue in order to justify their pe terms right now. >> i just don't see the revenue growth but we still have an issue with, you know, cuts to defense. i mean defense is a primary to cut back on. so i don't see the revenue growth for these companies. one exception, you mentioned raytheon. david: okay. why is raytheon different? let's get to raytheon. >> the key appeal for raytheon its ability to export. exports are probably going to hit 30% of its revenues this year. it sells missile systems, patriot missiles systems and so forth that allies can use for defense purposes. david: we should emphasize. there is lot of talk about china slowing down. one thing china is not slowing down is defense spending. i don't know how much we actually send to potential enemy.

we may have some problems with china in the future. >> yeah, i mean we've seen more smaller gulf states putting in, you know, big missile orders and things like that. >> i see. >> for raytheon. different companies have system that is lend themselves to more or less to exports. raytheon happens to be an export-heavy company and that could continue to fuel revenue growth, even in the absence of higher defense -- david: how much more do you think the stock value could go up with a company like raytheon? >> not a huge amount. i think you get a 10% return for raytheon. david: that's not bad. >> that is probably looking the best out of the group. for the most part if you made good money on defense stocks probably time to take your profits and look elsewhere. david: hey, i'm not going to squawk about a 10% gain on raytheon. jack hough from "barron's." thank you very much. liz? liz: david, i have a question for you and jack, is britain a nation of valets and hire links for oligarchs in russia and other countries in. david: absolutely. liz: we asked the author of a

thought provoking op-ed that came out this weekend in ukraine why the u.k. appears slightly reluctant to impose sanctions against russia after the russia's military occupation of crimea. could it be they need the money? if you bought facebook shares in august of 2012 when they were near an all-time low you look like a genius today, right? with the stock up nearly 250%, up next we talk to the money manager who did just exactly that. he is sharing his latest stock pick with you, coming up. ♪

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liz: from buying $100 million mansions to taking stakes in soccer clubs and newspapers, russian oligarchs now seem to be firmly entrenched in london. as our next guest describes it, quote, britain's bright young things have now become consultants, art dealers, private banker and hedge funders or to put it another way, the oligarchs valets. tough words here, right? cot importance of russia to british businesses mean the cost of imposing tough sanctions is more than the country might be willing to pay? joining us from ukraine is ben jawed dow, author of, fragile empire, how russia fell in and out of love with vladmir putin. he wrote the op-ed in the "new york times" this weekend we just quoted. both did you get both support and attack for it, ben.

>> yes, yes, it was a new experience for me. having admire russian anticorruption activists for a very long time, most much my adult life, it was a further taste what happens when the establishment turns on you, for having exposed their own avarice and greed in front of the only opinion that british elites care about, which is of course american elite opinion. liz: well your premise is that britain is not necessarily stepping up to the plate to side with one of its favorite allies and that is the united states. perhaps saying sure, we'll support you in this these sanctions against russia as it invades crimea. and you say it is because the russian oligarchy, the billionaires come into london, anybody goes to london, you see these people. they bought uptown houses. they spent a lot of money. nothing wrong with the free market but you say now britain is sort of indebted to them. there are too many cottage industries based on oligarchs business.

>> let's get it straight. let's explain first how russian corruption works. the putin system is ripping russia of its money, billions and billions of dollars are stolen from the state companies, from the budgets for roads, from the budgets for hospitals. where does that money go? that money leaves russia. it doesn't go to china. doesn't go to the gulf. goes to western europe and british havens under britain sovereignty. britain has an empire of sorts. it is a financial empire, the only empire in the 21st century that really matters. britain has the world's largest financial center. under british sovereignty for the key global tax havens where the russian elite and not just the russian elite but all the despotics of the world launder their money. britain, london has become the russian oligarchy's destination of choice. calling these people oligarchs hides what they are really are,

putin's political bosses, russia's leadership. liz: let me interrupt. your article, i found it fascinating. we jumped all over it. let's get you on. people mostly in the u.k. slammed you for inaccuracies, calling you, at least what you wrote, rap sod i cannily stupid. when you really delve into the complaints, didn't like you mentioned that many so. buss in london are dirty. you were describing certain things. you say there are empty townhouses owned by russian oligarchs. people said, they're not empty, they're filled. but the substance of what you say is a little disturbing -- go ahead. >> these attacks, these attacks were ludicrous and i'm very, very happy that the attackers came after me because not a single one of them contradicted my key point which is, that the british ruling class, people who rule britain, cycle in and out of british politics now elitist valets. there is no growth in contemporary britain. there are not elite owners and

factory producers and imperial governors, civil servants. they're an elite of bankers, bankers art dealers, lawyers. the service class to these foreign oligarchies. liz: as you said almost a cottage industry. you're on the ground in kiev, is that correct? what is is the atmosphere like u see? >> i met the gentleman who standerred ukrainian revolution and calling people out on streets. i went to him saying what do you think the west should do. he was furious that the question should be asked again. the west needs to enforce its all laws. ukraine was raped by theft. money fleeing the country. entire budgets, that is the reason that ukraine is on the brink of default and collapse into anarchy. he and ukrainian opposition activists have been showing the european union evidence where the stolen money was in as you tree jaw and in -- austria and

switzerland and tax havens under british sovereign territory for years and nothing was done. huge sense of betrayal from the european elite especially british elite, departments of russian and ukrainian corruption. liz: ben, keep us posted all that happens. once again a lot of people attacked what ben judah wrote in the "new york times" over the weekend. we thought it was fascinating. david, we know a lot of russians come to london, spent a lot of money. nothing wrong with that but his premise is not necessarily clean money and it may affect u.k. policy. david: we've seen a lot of money here in the new york from the russians as well. liz: right up the street. david: holy grail of investing, picking a stock at rock bottom and watching it go up. our next guest is a master at finding undervalued stocks based on his charting of the right trend in an economy. that is why he was buying facebook, remember when everybody was selling? now he has got new trend he is spotted. he will be sharing those with us. liz: general motors ceo marry

berra's pr -- mary's berra's nightmare, over cars linked with deathses have gotten a whole lot worse. we'll tell you what it means for gm and investors in just a moment. ♪

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guest was buying based on undeniable trend he was seeing in the economy. since then, as everybody knows, shares are up almost 250%. liz: joining us now, is clay, the buffalo growth fund portfolio manager who will tell us how you can make money by investing in undervalued stocks. first tell us how you had the courage and what you saw in facebook at its lows that told you that, that screamed out to you, buy now? >> well, liz, the cornerstone of the, foundation, philosophy of buffalo fund is we let our top-down approach be based on 25 secular long-term growth trend and these are trend that haven't changed very much for the past 20 years. we started this fund almost 19 years ago and specifically for facebook that trend was metcalf's law. now that is technical one but primarily what that law states is that the value of the network increases exponentially with each additional user to the

network. and so back in the fall of 2012 when we saw that people were really concerned about the issue on facebook's ability to monetize the mobile user, we took advantage of that at that point in time. clearly the past four quarters facebook demonstrated it does indeed have the ability to monetize that. the past quarter the company generated 1.1 billion in revenues coming from its mobile ad business, greater than the pc business. liz: metcalf's law, okay. >> we look for opportunities like that in the market. david: clay, let's talk about another trend and this is a trend, when wilbur ross notices a trend i will invest, i listen because he has been right more often than he has been wrong. he is interested in lng, liquified natural gas. he sees all the natural gas we have, all the research applied to liquified, finding cheaper ways to liquify it and changing

laws that would allows to export that lng. is that a trend you think we should should be thinking how to invest in right now? >> that is a trend we've been focused on quite some time, primarily the globalization of natural gas as an energy source, going back to eight or seven years ago, natural gas was a stranded commodity, often flared at the wellhead as they produced oil. in the united states, we have abundance of resources as far as natural gas which most people have not even, the most significant thing about the united states natural gas production is that it has been up 21% since 2008. at that point in time we have stopped really focusing on finding natural gas. we only have 345 rigs drilling right now specifically for natural gas and over 1400 for oil. what that is demonstrating to a lost industries, giving them confidence to start to contemplate using lng as a fuel source, alternative to motor

oil. or motor fuel as far as diesel. and so to give you some examples, 60% of the waste hauling fleet, trash haulers, new fleet this past year, 60% of them are new vehicles was basically, 50% were cng. liz: let's get -- >> so the trends are -- liz: sorry to interrupt. we're tight on time. people are fascinated how you managed to nail it with facebook. let's get to the next favorite book, the sort of next facebooks in your fund. what are you loving right now? you can rattle up some names here. >> chart industries is a huge benry of the huge trend of lng. primarily one of only two providers of a key component in the liquefaction process. we like chart industries at this point. we also like one of our other trend we focus on is the globalization of u.s. brand in unpenetrated markets.

there is one product right now when consumers go into dental and orthodontic office they ask by brand. that is invisalign. liz: been there. >> we invest in the manufacturer of invisalign. since 2005 they have grown the international business by double digits. last year it was up 29% and they only have 26% of their revenues coming from outside the u.s. that doesn't take away from the growth that they're seeing in the u.s. they have only 5% of the teenager market. we believe that market will continue to gain in the u.s. so the company has doubled revenues over the past five years. we believe over the next four years the company can triple the revenues primarily from the additional is market share captured in the teenager market and also expanding in international. david: clay, buffalo growth fund. clay, thanks very much for coming in. appreciate it. >> thank you very much. appreciate it. david: thanks.

liz: we need to talk about general motors because after general motors took nearly a decade to recall nearly 1.6 million vehicles for faulty ignitions, congress, both sides of the aisle are looking to investigate why this took so long. what could these investigations mean for the auto giant and its reputation? david: also, drone. yes we're back to drones again. they're no longer just taking over our skies. wait until you hear how one university is planning to use 16 underwater drones. did you ever think about that? yeah. ♪ so ally bank has a raise your rate cd

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liz: as we've been telling you general motors is facing an a congressional investigation the way the auto giant asked a 1.6 million recall. david: wasn't exactly move. rich edson in d.c. with very latest. >> d.c. has been piling on general motors this afternoon. news from reuters saying the department of justice is now investigating. doj tells fox news they're not commenting on it. senator claire mccaskill, she says as the chairperson of the consumer protection subcommittee, she will hold a hearing in coming weeks, they say complaints to the federal government for about a decade. 260 overall, some of these cars

stalled out. eventually a number of these cars the airbags failed to deploy. that led to the the death of soo 13 folks. this is letter to employees. ceo mary barra said our process determining whether or when to recall a vehicle are technical experts that do it independent ever managers so that their decisions are made solely on technical facts and engineering analysis. this was brought to my team a few weeks ago we acted without hesitation to go well beyond the decision by technical experts. so gm is now investigating itself along with possibly the department of justice and congress. also she says she is working with suppliers to try to get parts established so they can actually fit them on these cars. these cars, their production has been discontinued. case of pontiac the line has been discontinued. talking about 2005 to 2007 chevy cobalts, 2007, point back g5

compacts, other can cars of that nature -- pontiac. if you have one of these recalled cars, take everything off the initial key that drives the car of the just leave that in there. don't put key chains on your actual key. that could cause your engine to stall out. as soons soon as parts are ordered get to the dealership and get your car fixed. david: wow. liz: thank you, rich edson. we should check on general motors stock, while up 25% in the last year it got hit today by nearly two dollars. president obama in new york city today. he made a quick stop, at the gap on third avenue and 42nd street. he stopped by to show support for gap's decision to increase wages for u.s. based employees. you're looking at a picture of his visit there. the president bought crew necks for his daughters and a workout shirt for the first lady. david: we knew what he bought. i didn't know we now 6 knew that. all right. we have a lot more to come here. don't turn away. gerri willis is next.

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