a violation of the territorial integrity and sovereignty of ukraine and we have been very firm in saying we will stand with ukraine and the ukrainian people in ensuring that that territorial integrity and sovereignty is maintained. i think we all recognize there are historic ties between russia and ukraine and i think the prime minister would be the first one to acknowledge that and i think the prime minister and the current government in kiev has recognized and has communicated directly to the russian federation their desire to try to manage through this process diplomatically. but, what the prime minister i think is rightly insisted on is that they can not have a country outside of ukraine dictate to them how they should arrange their affairs and there's a

constitutional process in place and a set of elections that they can move forward on that in fact could lead to different arrangements over time with the crimean region but that is not something that can be done with the barrel of a gun pointed at you and so secretary kerry is in communications with the russian government and has offered to try to explore with his counterpart, foreign minister lavrov, a diplomatic solution to this crisis. we're in close communication with the ukrainian government in terms how we might proceed going forward but we will continue to say to the russian government that if it continues on the path that it is on, then not only us but the international community, the european union and others

will be forced to apply a cost to russia's violations of international law. and its enroachements on ukraine. there is another path available and we hope that president putin is willing to seize that path. but if he does not, i'm very confident that the international community will stand strongly behind the ukraine wrap government -- ukrainian government in prepreserving its unity and territorial integrity. let me make two final points. obviously because of the political turmoil, the economic situation in ukraine has become more challenging, not less and that's why i'm very proud that not only as critical members of the international monetary fund, the imf, we are working with with the prime minister and his team in a package that can help

to institute necessary reforms inside of the ukraine but also help to stablize the situation that is people feel confident in their daily lives they can meet the basic necessities. we're also asking congress to act promptly to deliver on an aid package including one billion dollar loan guaranty that can help smooth the path for reform inside of ukraine and give the prime minister and his government capacity to do what they need to do as they are als. so i would just ask both democrats and republicans who i know are unified in their support of ukraine to move quickly, to give us the support that we need so that we can give the ukrainian people the support that they need. and then finally, mr. prime minister, i would ask that you deliver a message on behalf of

the american people to all the ukrainian people and is, that we admire their courage. we appreciate their aspirations. the interests of the united states are solely in making sure that the people of ukraine are available to determine their own destiny. that is something that here in the united states we believe in deeply. i know it is something that you believe in deeply as well. and you can rest assured that you will have a our strong support as you move forward during these difficult times. so thank you. >> thank you, mr. president and we highly appreciate the support that you have given to the ukrainian people and my country feels that the united states stand by the ukrainian people. mr. president, it is all about

the freedom. we fight for our freedom, we fight for our independence, we fight for our sovereignty, and we will never surrender. my country has faced number of challenges. the military one is a key challenge today. we ask russia to stick to international obligations. to pull back its military and barracks and start the dialogue. with no military, with no tanks, but with diplomacy and political tools. on behalf of my government i would like to reiterate that we are absolutely ready and open for talks with the russian federation. we adhere to all international obligations and we as a state of ukraine will follow all bilateral and multiinternational treatise. on the economic side,

mr. president, we highly appreciate the support of the united states and the decision to guaranty one billion dollars loans for the ukrainian economy. you know that we resumed talks with the imf. we do understand that these are tough reforms but these reforms are needed for the ukrainian state. we are back on track in terms of as i probably told you in the near future or tex next 10 days, ukraine will sign political part association, agreement with the european union and we want to be very clear that ukraine is and will be a part of the western world. and our russian partners have to realize that we are ready to make a new type of, new type of public relationship where ukraine is a part of the european union but ukraine is a good friend and partner of

russia. so much depend on whether russia wants to have this talk and whether russia wants to have ukraine as a partner or a subordinate. as i already indicated, we will never surrender and we will do everything in order to preserve to be peaceful and independent of my country. we appreciate the personal support of your government, the support of the american people, to the ukrainian people. thank you, mr. president. >> thank you, sir very much. liz: acting ukrainian prime minister yatsenyuk speaking before the press along with president obama, signifying the relationship with president obama, david, in essence saying we stand with the people of ukraine as russians bear down. david: very young guy.

just 39 years old. he is interesting enough finance minister for crimea. he has personal interest. the russians feel it is their own the referendum this weekend will not have the option of opting out of russian control of crimea. it is pretty much of a phony referendum going on this weekend but the president clearly taking side in this dispute. liz: the markets were able to absorb all things both china, both crimea, ukraine, everything. let's break down all of the day's market action with our panel. pete benson, beacon capital management partners, thinks investors need to stick to experienced companies with a good track record in order to hedge against all the volatility caused by things like the global economic landscape. we have cambria investment management chief investment officer saying that investors should allocate half of their portfolios to international markets. all right, gentlemen, as we look forward on all that has been happen, pete, i will begin with

you. we just saw diplomacy in the making here. it seems like eastern europe has not gyrated our markets too much too lately but does this wrap up after the ren dumb on sunday. >> thanks for having me on. we're very concerned about continued pressure of a lot of the global events. it remind us again how globally connected we actually are and so we are concerned about what continues to go on in ukraine and russia. other countries around the world. european situation is weighing in with renewed concern what might happen in greece and some of the countries there. you have the slowdown in china. obviously we actually feel quite good about the domestic situation but we're getting a lot of outside pressure from these other countries and global connections. so yes, we do see the diplomacy in action but this is far from over and we're concerned about that. david: well, matt, the interesting thing about your whole strategy is that despite

all of the seeming chaos outside of u.s. borders you think more than half of a person's portfolio should be outside of the u.s. right now. why? >> well, seemingly there is always chaos outside of our borders. there is always negative geopolitical headlines but if yoyo horizon and look at valuations, buying low valueworks in international markets. in the current scenario is that the u.s. is one of the most expense seven markets in the world. we track about 45 developed and emerging markets. it is not a bubble territory but if you look at the rest of the world, really reasonable valuations and in some cases incredibly cheap valuations. so we think it is much better place to be the next five years outside of the u.s. liz: the broader markets were remarkly sanguine by the end of the session. let's bring in todd horowitz from the pits of the cme to talk about the market action. not to neglect the 10 year

treasury auction which was very highly supported. seems like there was more support than we've seen in the past year for this auction. >> hi, liz, hi, david. it was a very quiet day on the floor absorbing news. we're in a consolidation range, basically last five days other than a bit of a selloff he had yesterday we had wide ranges and opened and closed at the same spot each and every day. i think that will probably continue. the eyes are focused on janet yellen and the fed meeting next week to see what is going on. we see china and japan almost in bear market territory. we see problems with copper going down to five-year lows. those are all warning signs but the market has the ability so far to continue to absorb that bad news. david: todd, i want to stick big you, you mentioned the magic word, copper. we have a chart showing gold and copper prices year-to-date and it is like a mirror image of each other. gold there going straight up practically and copper going straight down. explain in more detail the significance of this

particularly what it means with regard to china. >> well, you know, copper is a industrial, it is used to build house, buildings and plumbing. so we're not seeing a demand for copper. as you know, one of my main complaints we're not seeing growth and this is in evidence that we're not seeing growth, so copper is becoming oversupplied and underdemanded which becomes a problem. david: let me be more specific. i wanted you to go in a slightly different direction. copper is used in china as collateral for trade. 60% of all the copper in china is actually used as collateral for trade. so, the fact that there's a selloff right now, that indicates to me a big changes going on inside china and and changes, traders probably should be worried about. >> i think it is something we all should be worried about because that is one of the things pushing down the chinese market. we're at five-year lows in china. did you see the export numbers there today, down 18%?

they tell me it was because of the chinese new year. but the bottom line they are not performing and we know there is a little bit of issue there. so not the rush to gold. sorry. liz: i want to get so some picks because our investor viewers are looking how do i capitalize on how these smart people think? pete, you're going toward stocks paying dividends. the dividend trade in a way it was sort of fear trade light. pay me while i'm wait forge a stock to do better but why are you going for the dividend trade now? >> we, you have to know your investor and our investors, a lot of them are retired and they had great growth over the last four to five years. the market is up over 170%. they're happy with that. now a flight to safety to some things that pay good, high dividend because they need cash flow and income, there is dependability there. there is history there, that shows good, strong financials. we feel like companies are in better shape than they have been

for a long time. so we're not looking for 15 to 20, 30% return. we would be happy with 4, 5, 6% in dividend-paying stocks can do that like american realty capital. maybe even verizon at&t. they play four 1/2, five 1/2, 6% dividend. that is good with us. david: we were just talking about russia in relation to ukraine, not very favorably toward russia. there is only one other person beside you favoring russian trade right now and that is jim rogers. i don't know if he backed out of that trade since this kerr cuff with ukraine. why would you be trading or interested in russia right now? >> you're new etf which was launched today owns almost 10% in russia. russia is one of the cheapest countries in the world next to greece. grease being the cheapest. if you invest in basket of cheapest countries over time that works well.

we find with evaluations as low as they are, russia, greece, israel, italy, a lot of names that no one wants to buy, typically that is the best time to be buying when there is blood in the streets. we see significant beside for a lot of these markets in the next three to five years. david: gentlemen, great to see you both. thank you very much. todd horowitz thank you as well. pete benson, meb faber and of course todd horowitz. liz: they say history repeats itself. if that is true you will want to take out a pen and paper because coming up we're breaking down the stocks that have historically outperformed in the month of march and may have room to grow. plus we'll give you the best names to own in april as well. david: congressional investigators meanwhile are rapping up a probe why general motors waited almost a deck cradle to -- decade to recall 1.6 million cars that it knew it had ignition issues? is there anything that gm can do

to appease consumers and legislators after this debacle. liz: we'll ask ralph nader, who made his name fighting for auto safety. don't miss this interview. ♪ [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade.

david: apparel stocks getting roughed up today again. liz: back to nicole petallides. she is on the floor of the new york stock exchange trying on some names for size.

nicole. >> trying on for size but all down arrows here for these retailers. we've been focusing on this story and we're hearing it once again. today express came out. this is popular retail wert young folks and young adults. they came out and cited very same thing. talked about the winter weather, shorter holiday season. warning going forward. that is to the downside, and they joined, express joins lululemon, american eagle outfitters, the gap, all noting winter weather, know storms and severe weather really hit the retailers. not seeing the traffic in those stores. liz: back to you. david: nicole petallides, thanks. liz: this is fascinating. historically march and april are the two best performing months for the stock market behind december. david: so which stocks perform the best during these months? frank sure rella, zor capital founder cio analyzes s&p 500 stocks and joins to us discuss his findings. frank, thanks for joining us. why is it some stocks perform

better in some months than other months? >> that i couldn't answer. the point is the stats say, certain stocks, philip morris -- you're a technical guy. you don't care why, you think what is? >> that is all at that matters. philip morris has been every single march last six years, up 5%. point is that is not enough to do a trade, but take that, filter further. philip morris, looks okay, look to put a buy order, to buy the stocks that the stats are behind me. liz: sound like you're putting a bunch of data in and what spits out are some of these names pretty much guaranteed if you look at the path to do better in the future, correct? >> there are no guaranties. you're putting odds in your favor. liz: odds. >> on seasonality. then you can filter by saying for example, philip morris is up roughly 5% for the month on average but so happens this week and next week, 90% of the gains come on. for example, on average,

philip morris is up 2.31% this week and 2.16% next week. instead of buying the for example, the first day of month. maybe i wait until this week and buy in next week. david: you're a responsible guy. you wouldn't say just based on technicals alone to invest in the stock? you weigh this in addition to how the particular companies are doing. >> exactly. say you're a fundamental guy. you might say i only buy stocks with pe under 10. if they don't meet that criteria you don't look at these stocks. david: this could tip the balance. >> of course. david: if you're trying to decide why this could really tip the balance? >> this for example, could give me more confidence in the trade. at end of the day you have to put your stops and respect what the market does. liz: starbucks, philip morris, ut april. spin it forward. >> april, s and i, dollar general and crown castle are up roughly one hundred%. every single april these stocks

are up hundred%. crown castle up. dollar general up 5.7%. the way it workings if you blind think follow it, buy on first day of april at 9:30 and sell it 4:00. liz: the last day of april. >> right. liz: that is all you do. >> you follow it blindly. if you want to get into it, look at market and charts. if i see for example, dollar general up 10 days in a row before we get to april i will not buy it first day. liz: it already blew out. >> wait for a natural pullback. down five days in a row. might have a bounce. would give me more confidence to step in bigger size. david: frank, this is fascinating stuff. this is zor capital. from your name, capital llc. >> yes. david: good stuff, frank. thank you very much. >> his picks on the facebook page because that's interesting. he did the work for you, right? david: look at our facebook page. shares of freddie mac and

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liz: time for a quick speed read of some of the other hothead lines from today. one minute. first up, rumors are swirling today about the launch of an amazon set-top box which will reportedly include support for third party streaming video services like netflix and hulu plus. game-maker king, known for the popular "candy crush" saga game, expect the ipo to be priced between 21 and $24 a share when it goes public late they are month. this would value the company at

around $7.6 billion. new study declared toyota the world's most valuable car brand worth $35 billion. bmw took second place valued at 29 billion and followed by volkswagen just over 27 billion. starting march 19th starbucks patrons will be able to tip their baristas on the company's mobile app. unclear how often customers tip the servers. highly anticipated game "titanfall" debuted for xbox. fans were not able to play for five entire hours with issues with xbox live. that is today's "speed read." david? david: gm is struggling to head off a full congressional hearing to explain why the car company took nearly a decade to recall 1.6 million vehicles with faulty ignitions that have been linked to 12 deaths. today it offered customers involved in the recall 500-dollar credit applied to purchase or lease of a new car. will that be enough to silence

customers, politicians and lawyers who are fuming? let's ask a lawyer with a little history in this field, ralph nader, consumer advocate and author of the new book, "unstop ab, emerging left-right alliance to dismantle the corporate state." with very to talk about that book soon, ralph. on gm and we'll talk about fannie and freddie which you have great concern. i'm wondering if consumers and lawyers will settle for a 500-dollar credit that expires in april by the way? >> hardly. i think that was a bungle by general motors. the problem here first and foremost, david, huge bureaucracy that has been gm's trademark. when i was looking into gm years ago, it was 18 steps to go from the factory floor all the way to ceo. so here you have this cover-up of these ignition switch defects where the car motors turned off and airbag is disabled and they discovered it by their own admission, gm, in 2004 and then

discovered more fatalities and in succeeding years. they didn't report it as they were supposed to by law to the department of transportation. and guess what? it took all the way until january 31st of this year before the new ceo of gm, mary barra, to be moatfied. david: the big question here, we can't confirm there was a cover-up now, you suggest there may be one, could gm be found responsible in any way for those 12 deaths? >> oh, yes. not only, civil lawsuits but this is going to be of criminal prosecution i predict. already the u.s. attorney in new york is opening a probe. and it is because even by gm's own declaration, and they're going to provide more details, they knew about it. they admitted they knew about it starting in 2004. they had a number of investigations relating to the fatalities with chevy cobalt and chrysler a pontiac and a saturn

model. they knew about it. it just, was, it never went up to the top. and so in some layer of gm there is definitely a cover-up. only surfaced to gm's new ceo late january. so there is no doubt about that. david: ralph nader is saying they could be prosecuted or at least there will be litigation about those deaths. there probably will be. let's move to fannie and freddie. fannie and freddie have lost a lot of money. the stock has gone down tremendouslously over the past few days. you have interest. you're a stockholder in particular. part of the reason because republicans and democrats want to wind these institutions down. what is wrong with that? >> i think it would be a mistake because the housing market is very shaky and the realtors and housing industry have relied on a resurgent and recovering fannie and freddie. those are the two oak trees for the secondary mortgage market which provide all this liquidity

for people getting mortgages. they're making a huge profit. they have just about paid back entirely the u.s. treasury, aka, the u.s. taxpayer, 182 billion. they're pouring out with more profits. to try to dismantle this creates instability, it creates a lot of unknowns like, fannie, freddie have a requirement in their charter for affordable housing. and what's the new proposal by the two senators going do on that? we really don't know. david: but, ralph, some changes had to be made. the new rules, for example, would make private insurer take a loss before us taxpayers bail out the companies. is that is good thing, isn't it? >> yeah. you can do that by fannie and freddie and installing those reforms in restructured fannie and freddie, for consumer protection and insulation against bailouts. i prefer treating them like public utilities, where they can't fool around with accounting and pay their bosses

$30 million. david: house something not a public utility. that is the problem. fannie and freddie right now, they are responsible for three out of the five mortgages. they buy the mortgages from the people who issue the mortgages. >> yeah. david: three out of five. that means taxpayers are on the hook for the majority of new mortgages in this country. that's not right, is it? >> that has been the tradition, david. i mean you have the fha, the federal housing agency -- david: excuse me for interrupting. that is when fannie and freddie were these quasi-private institutions. now they're wholly owned by taxpayer. >> we want them wholly owned by shareholders. that is what we want. not to subsidize the shareholders. give shareholders a chance like government gave citigroup and aig share holder's chance after they bailed them out. fannie and freddie are paying back the taxpayer far better than citigroup and aig have done. what we don't want legislation to abolish freddie and fannie

for sins of the banks and mortgage lenders and give these outfits the power to bring us to mother north disasser is. david: we don't want the taxpayer bailing out another mortgage disaster. >> no way. david: have politicians contacted you? have you had any inpout at all in these hearings? >> no. for good reason. i think this is political theater. i don't think these bills will be passed this year, next year or 2016. it is too complex, too unstable and when the housing and real estate lobbies get threw with it you can be sure woo not happen. david: that's true. lobbies always get involved. ralph nader who thinks there is cover-up at gm. we'll see if you you're right. the left right alliance to dismantle the corporate state. that is his new book, thank you very much. >> thank you, david. liz: a new investment advisory firm promising to build and manage your portfolio, for nothing. no minimum account size, no fee to sign up. we're talking to the ceo of wise

ban i don't know. that's next. with march madness just a few days away, turns out college hoops could hold some very valuable lessons for business leaders and those of you in that corporate world ralph was just talking about. we talk to the ceo of one of the world's biggest consulting firms. he will unveil his playbook for business confidence. ♪ if you've got copd like me... ...hey breathing's hard. know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms.

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liz: march madness is one of the most exciting times in college basketball. college sports totally, right? just around the corner. the same spirit of competition can be found in the business world. drawing on his love of sports deloitte consulting ceo, jim moffitt has create ad playbook for business confidence. we wanted hill to share it with us and with all of our viewers. great to have you. you're not just a sports fan. you're a catcher for ucla's baseball team. >> uc san diego. liz: uc san diego. >> ucla alum. liz: listen, you coach youth sports as well. >> i coached 25 teams with my kid growing up. i love it. >> where did you come up with the idea? sports and business analogieses are legendary. when did you come up with the idea there actually could be a playbook? >> probably happened when i was first coaching people.

i was very senior partner with your firm. you go to a t ball practice and with 20, five-year-olds running around with baseball bats you need a gameplan. there are parallels. liz: talk about the corporate business world. everybody is potential mine in minefield. you need team to work as team but individuals are competitive. you make it all coalesce. >> a big part is talent. one of the coaches jobs on business and a team to put everybody in the right position to win. you have your superstars and often times role players and develop your bench. i think key is finding out what real are really, really good at and putting them in places to succeed. liz: people know when you look at the playbook, you talk about finding talent, finding retaining developing and they need the right support of course. and need to be stroked when they do a great job, and need to be spoken to when they don't. there is fine line. >> there is balance.

a lot is giving confi business. liz: don't take the bobby knight approach. >> i'm more of a john wooden fan than bobby knight with all due respect. you have to give them confidence. find where they can be successful. at some point you have to coach them on doing things correctly that they're not doing well. liz: confidence has to be one of issues. teams have to innovate. businesses have to innovate. how? >> i think innovation is one of keys changing the game. in business and sports at times you have to change the game. innovation forces you to look outside of your core business and look, ideally we like to have companies try to disrupt themselves. john wooden, took him 16 years to win his first championship. the way he did it, he changed the game. recruit ad bunch of short, quick, athletic players and pressed the game. liz: so he hung in there 16 years. >> yeah. liz: so that is a great lesson to anybody who gets frustrated and feel it is not happening

quickly enough. that brings me to differentiation. how do you differentiate. and what is analogy with sports teams? >> the with sports teams it is the playbook. they have all got to adapt the playbook to the situation, competitor and their talent. same exact thing in business. you have to have a differentiated strategy to drive growth and that is why innovation is key part of that growth formula as well. liz: we talk about tesla which is known as a dame disrupttor. >> it is. >> breaking the ruse, doing things in different way. elon musk is the ceo. one. cofounders of paypal. took on the banking system, just to take out the middleman when it came to making mobile payments. >> he is great example of disruption. there are clients i work with today, spend 40% of their budget on r&d and their clear stated strategy is to disrupt incumbents. liz: what is the biggest mistake businesses make that they could learn from sports teams that are winners out there. >> i think you have to be bold

and thing long. a lot of times you can get too short term folk cud. one of the things in the economy there is so much uncertainty, willingness to take bets that long and play for the long game i think one of the biggest risks that is companies take. liz: you talk about unplugging. >> yeah. liz: talk about what that is. a lot of us are guilty of this. why is there value in unplugging? >> society today is so connected. you're always on, at some point if you don't step back and unplug, get rid of the clutter, i think you lose the opportunity to think about the business in the long term. you know, i do it with my kids. when i went on vacation i got a message from one of my partners who said, when i was, in business i was, i spent all my time connected thinking that business wouldn't survive without me. we said, well i found out it is just not the case. if i could unplug and thing long it could be much more strategic. liz: version of a sabbatical. every sports star has to relax

and. >> retrain, yeah. liz: jim, thank you. >> thank you so much. liz: we'll put this up on our facebook page. these are great ideas. the playbook for business. >> thank you. liz: great to have you. david, you love that stuff. here comes march madness. you always learn from come behind teams. david: march madness. we just got rid of football. you need a financial advisor that will not cost you an arm and a leg? you have to listen to our next guest. ceo and cofounder of an online investment company that offers advice for free, no charges. tesla's drive to revamp the way americans drive cars, running into a huge roadblock, the state of new jersey. we'll tell you what it means for tesla and investors. that is coming next. i ys say be thman with the plan

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or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could inude increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron.

david: financial advisors as i'm sure you know typically charge 1% of your assets every year for their services but what if you get their advice for free? online only investment advisors just launched and it is charging customers exactly zero dollars. liz: we know all the questions you have about this, right? common, really. but how does it work and how does the firm make money? joining us now, herbert moore, wise ban i don't know ceo and cofounder -- ban i don't know. this is really unbelievable. tell me on this one, free and it is advice? there seems from the surface problematic but make your pitch to us. how does this work? >> absolutely. we replicate what a good financial advisor would do in

person but online for clients too small to appeal to traditional financial advisor. what we do we ask questions to clients about their risk tolerance, what they're investing for, how long they're investing for. we create tailored portfolio and allow them to invest from simple transfer from checking or savings account. liz: are you doing this out of goodness of your heart for free? >> we plan on introducing additional product the and services for clients. one we are public, tax loss harvestingings that we believe will be valuable for our clients. david: you're a former hedge fund guy. >> yes. david: you know how important incentives are in life. incentives make our system work. >> right. david: my advisor make works harder for profit for good advice is higher. >> right. david: yes, i'm paying him but i'm paying him for getting richer. if you take away that incentive factor, what is your incentive to work hard as my advisor? >> well, because we don't charge fees to our client and don't

have management fee for each client, each client is equally valuable to us. our incentive to retain the klein. david: you see my point. >> certainly. david: the incentive factor seems to be missing somewhat here. >> you're, traditionally financial advisors will not charge incentive fee, management fee. with we've done is reduce that as low as possible to keep your clients happy with additional products and services. >> i think fees are simply too high. people like index fund. john bogle who founded vanguard is genius with this stuff. >> right. liz: everyone is individual, let's start with that premise. >> right. so our mission is to insure everybody achieves their financial goals. we do this two ways. one by lowering barriers to entry. so we lower the minimum that they need to invest. they can invest with little as $10 or $100 right online. on top of that we bring the fees down low as possible so they keep more of their money and their money works harder for them. >> is there any telling so far

as there is big market for your services? >> we have over 7500 people cued up on the wait list to join. we're taking in money every day. liz: so you've got a wait list. >> yes. >> interesting. >> yes. liz: how do you let people know about this beside coming on fox business? >> we had a great write-up in the "wall street journal" last weekend. that helped. word-of-mouth. people are telling each other and happy with their service and happy to share. liz: i think recession really helped a lot of people understand they were paying their financial advisors to what, lose money for them? that was no good. >> right to so what we looked at reducing mutual fund fees and advisory fees and we feel like we bring real value to people by bringing them down as low as possible and eliminating taxes. david: do fee advisors hate you? >> our average client is 29 years old and where theirs are older with much larger account sizes. david: great idea. >> thank you, guys. david: wise banyan, i love the

name. >> thank you. liz: new jersey, now known for deliberately causing traffic jams on the gw bridge can now add a new line to its bio. tesla-booter. david: would you like to live like the dunfy clan in the hit tv show modern family? the house that they live in that you see every week is on sale. we'll tell you where and for how much. in the new new york, we don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years.

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liz: unbelievable. new jersey is pulling the plug on tesla. the state has voted to ban the electric carmaker and other auto companies from selling cars directly to people who simply want to buy them, consumer. david: so what does this mean for car buyers in the auto industry? joining from outside the short hills mall in new jersey which contains a tesla showroom is our own jo ling kent. what do the tesla folks say about that? >> well, tesla is very upset. they say that new jersey, the state of new jersey including governor christie gone back on their word. i went inside the tesla store and numerous customers were inside thinking about buying one of those teslas before it is too late. one of the rules that the tesla dealership violates in new jersey?

go through them really quickly. you have to have a franchise agreement basically with an automaker. tesla doesn't have that. they own their own stores. number two, at least 1,000 square foot showroom. number three, at least two cars in the dealerships. tesla in short hills maul behind me. they have only one. lastly must taken a service department. tesla does have a service department not here next to the dealership. liz, dave. liz: i can say this, all of these rules are put in place from many, many years ago in the end if somebody wants to this product they should be able to. that is for the people on side of tesla. governor chris christie, who is in the past been known as a free marketeer is really digging his heels in this. some peoplery sag, jo ling because the auto dealer lobby is very powerful in the state of new jersey. politics as usual. this is disappointing. disappointing. >> yeah. the dealership lobby here certainly is powerful. it is in fact we did a bit of research on the national

landscape. the dealership lobby spent more than $86 million nationwide lobbying state offices. we're not talking about federal offices or governor office. state legislative offices versus tesla. the company said they spent less than $500,000 nationally on lobbying. they don't want to participate in that type of politicking. the customers i spoke to today. it is too bad. they're trying to get in under the wire. if you can't buy a tesla in new jersey you can buy it out-of-state and have it delivered by a third party. david: jo ling kent. thank you very much. appreciate it. time to go off the disk. would you like to live like the dunphys on the sit come "modern family." the fictional home hit the market for $2.3 million. that house features four bedrooms, four 1/2 baths. that is not bad. the coldwell banker said the lucky new owner could collect a fee from abc studios in exchange

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