today. herbalife a real downer. [closing bell ringing] >> herbalife pulled back 8%, under pressure absolutely. >> bells ring on wall street. green on lots of screens here. not to proverbially but of course with the markets and of course st. paddie's day. look a nice move for the dow jones industrials. up 178 points. do you believe we are up 205 at one point? look at nasdaq. up 56 at one point. ending the session up 34. so some air came out of this rally but at the moment still looking pretty good, david. david: as you pointed out before, liz, 18% below normal that is the very volume today. very low volume. we'll see for conviction particularly after the fed meets tuesday and wednesday. time for the front page headlines. u.s. manufacturing output posting its largest increase in six months in february. that helped a surge in the market. factory production increased .8% last month. liz: there was positive news

about output in the new york region of the so-called empire state manufacturing index rising to 5.61 this month from, 4.4back in february. david: u.s. home building sentiment edged up in march. national association of homebuilders saying conditions were still mostly poor because of lingering concerns about the housing market. liz: the european wireless giant vodafone is expanding buying spanish cable company omno --on. david: twitter ceo dick costello is making his first visit to china. twitter which has been blocked by chinese censors since 2009 saying the trip will by him an opportunity to learn more about chinese culture. the country's tech sector. liz: former pimco ceo mohammed el-erian has resurfaced on twitter one day after he officially left the giant bond firm. in his first couple of tweets, el-erian asked for patience.

hoped he could contribute to the conversation. he didn't say anything about his former coworker bill gross though. david: interesting. liz: "after the bell" starts right now. david: i'm looking at the settle. right now the settle is above 170. settling about 181 on the dow. let's break down today's action, tom karsten, karsten advisors chief investment officer, with three picks for you to add to your portfolio. platinum partners president is warning of a major market correction despite today's euphoria about the market. he will tell us how to play a pullback. lincoln ellis, green square capital managing director. he is in the pits of cme. lincoln, i want to start with you. i haven't talked at all with liz about what happened in the ukraine. they had that phony referendum yesterday. today we have these pathetic little sanctions, if anything will encourage putin to do more

if in fact putin does do more and goes into eastern ukraine then katy-bar-the-door. what happens to the market then? >> well you saw with the initial reaction was last night when we opened up and phony, as you call it, referendum really put a damper on things. really as we progressed into the evening and became clear that the outcome would be one, a little more peaceful than anticipated and then two, we would get some sort of a court made the effort out of both the u.s. and europe futures began to move. david: lincoln, i'm sorry for interrupting. i want to push you beyond what happened yesterday, what happened today to where i think it will go and a lot of people do, that putin will go further. today is euphoria over things not becoming violent yesterday, but what happens tomorrow when putin goes further into the ukraine? >> that is really a setup here for a much larger selloff and much more serious return to the "gravity" of geopolitical situations. it is not just the manufacturing

numbers out of china. it is not just the year-over-year slowdown we continue to see in industrial production. it is a much different kind of factor we immuted into this market, we haven't, david, you're absolutely right, seen in five or six, maybe seven years. this kind of geopolitical tension. big selloff but from potentially higher levels. liz: okay. we don't know that is going to happen though. therefore, you were bearish anyway. in fact you're looking for pretty significant correction of what, 15% at some point. does this add to your bearishness? is this what drives it or is it simply bad chinese data or worrisome u.s. economic date it. >> i think more likely to be worrisome u.s. data or something in china. i do share the feelings and outrage around what is going on in crimea. right now, what is happening in crimea doesn't really affect the u.s. stock market that much. if in fact -- liz: sorry, you don't think this rally today was driven by a

relief that the sanctions were not worse than expected? sanctions that would hurt energy industry? george friedman from stratfor, said think of all the u.s. oil companies with operations in, all of the areas down there. and so, i just wonder if there is, citigroup, there are many companies that operate in china? >> it is hard to know but, i don't think that anybody really expected this president to do anything meaningful at all. i think this was really just a, you know, we sold into the news on friday and bought on the news today. i don't think it was much more than that. decent u.s. data. it could be something more geopolitical but likely something more macroeconomic. david: tom, you saw correction before events on sunday as well. what do you think will trigger the correction? >> sure. david: you see it sometime happening in the spring, lasting through the summer. the fed, external events, what? >> i think it takes some kind of a catalyst, some external event

to see a pullback. what we've been watching last couple years since the fed began the massive stimulus over the markets last couple years, we're not seeing typical selloffs and corrections we were expecting last 18 months and two years. instead of getting 10, 15% pullbacks. you get to five, 7%, there is so much liquidity in the market, a lot of investors step in and market rallies. today, a little bit of an example of that, whether relief that the sanctions, which as you mentioned david were very pathetic and not meaningful in any impact. and so there is still concern about what happens in the future though with, sanctions. do they expand? is the lead taken on by someone like merkel in germany to expand european sanctions? will that have spill over effect to the worldwide economy. >> then the effect is what is the trade. what is the trade, lincoln? schneur sure. liz: what did you see the flows?

gold was real linier last week. not zoo much today. >> look i mean the at this long very high quality, globallings international names. some domiciled in the u.s., some based in europe. you had a chance to buy europe at a discount a week ago. those things that have been working will continue to work. your guess is absolutely right. the environment and structural nature what the fed has done providing liquidity and support for this market. has retarded or distorted actual kinds of market activities we would normally have. so you continue to do what continues to work until you have some continued pullback in liquidity. you know, fomc meeting this week, all eyes will be on, not just the quantitative side of what janet yellen says in her first press conference but the qualitative side. employment picture is much different than crisis management that bernanke had. so we'll really move into the sort of middle innings of this

recovery some tuesday and wednesday that will put a different spin trajectory on balance of 2014 investors will be interested in. david: even if you think the worst what will happen in ukraine, putin will go further, even if you believe there will be a correction you believed before putin began fooling around in the ukraine, there are still very other place, few places to go except the u.s. stock market if you want any kind of a meaningful return. as pessimistic as you can be you see someplaces to put your money, particularly long on some consumer staples stocks, utilities, et cetera. tell us where you would put your cash in stock market? >> i think especially, i think there will be 15% correction at some point. defensive sectors as you mentioned, utilities and consumer staples, are more attractive. actually like the, you know the chinese internet stocks right now. although i'm a lot less enthusiastic about your general market as well. david: by the way do you like

alibaba? the idea of getting in on alibaba's ipo? >> i think there will be some juice around that and the whole space because of what they're doing, no question. liz: i see you're picking xlu, which is utilities and defensive play and xlt? >> if one needs to be long that's where i want to be long. liz: tom, i want to get to your picks, bp, realty income corporation and intel. couple are up, one is down year other year. realty income corporation has a decent dividend. are you going for a dividend play as a little bit of insurance? >> we are. not necessarily as insurance. most of the advisors in our office, work with clients very close to retirement or in retirement. income is very real need they need in the portfolios. realty income along with other positions in our portfolio have had a great start to this year. significant dividend yield that they have to clients to provide

income in their portfolio with a reduced allocation of fixed income right now. so it helps boost that income. we like its longer term prospects. in the other sectors with bp and intel, as the other guests are mentioning, we see a market right now that is by almost any measure, certainly fully valued, if not overvalued right now and due for a correction. one of the ways to insulate that, yes, sir, stay invested in areas you need to be like the u.s., is invest in quality companies with sustainable earnings and attractive dividends. we think those are all long-term holds in our portfolio. david: those, by the way, those are good companies whose stocks have not outperformed this year. they could still be considered bargains. people say there are no bargains in this market. you indeed found some. thank you very much. tom, thank you. ari, thank you. lincoln ellis we'll check back in with you when s&p futures. liz: vegas behind tom. david: question. yes. liz: popular home mortgage

blamed in part for contributing to the financial crisis, is back. good news for some but could it spell big trouble for the housing market and the economy? david: good question. alibaba we just mentioned, makes its official it will file for an ipo here in new york. we don't know which exchange yet. does the company have any chance of unseeding american e-commerce giants, amazon, ebay and others in will the chinese beat us at our own technology game? do you think alibaba can outpace amazon and ebay? tweet us @fbnatb. your answers later this hour. ♪ ♪

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how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last.

i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ david: aeropostale, we warned you, it is follow falling further into the red hitting another 52-week low. liz: nicole is on the floor of the new york stock exchange with that story. >> the problem with this teen retailer, aeropostale, all of them have been suffering to a certain extent. don't forget, many deciding the cold weather and tough winter storms really hit the shoppers but the big picture here, aeropostale seriously does have some sort of a problem. down 3.6% today. at $5.62, it is approaching a crucial level that $5 mark.

when you have that $5 mark, i know it is not an official rule but many mutual fund don't carry stocks and equities that are below 5 bucks. then they start to dump out of them. we're not there, right? we're at 5.62. however aeropostale did hit a new low today of $5.51 which dates back to 2003. so this is problem mattic. we'll continue to watch this one. and we know, the big picture that teenagers are fickle. they did have a tough winter season these stores. we'll see where it goes from here. meantime the stock hit on the day, liz and dave. with where we saw great performance. the dow was up over 1%. giving 181 points but aeropostale pulled back. david: thanks, nicole. liz: s&p futures are closing right now. lincoln ellis is in the pits of cme to give us a sense what happens tomorrow, lincoln? >> well, not a lot of guys wearing aeropostale behind me in the pits here. we have a lot of data coming up this week on back of industrial

production and housing in members. housing starts and existing homes late another week buffetted by the first janet yellen fed meeting that will be really be the driver. i didn't want to ignore david's real bush push what happens if this crimea situation bleed into other parts of eastern europe but i have to tell you the guys behind me are really ignoring that stuff. those things are playing out right to the tune everybody has been playing and the mood is really putting money to work on these short, sharp, pullbacks and i imagine after the wednesday guidance we'll continue to have that kind of a market unless david's right and we start to see some other incursions. david: we shall see. thank you very much. lincoln ellis. >> you bet. david: even though the chinese e-commerce company alibaba will be listed on a u.s. exchange, we don't know which one yet when it goes public, in many ways it is still a chinese company services chinese consumers but will it remain a primarily chinese

product, or, will it cause major headaches for e-commerce sites like amazon and ebay? we have rob enderle, enderle group president and principle analyst. he is always in touch with these guys. i'm wondering is amazon a little worried about this ipo? >> i think probably amazon, probably ebay even more. this is a site that connects people to folks that sell products in china. does a better job of it than ebay does. the, the ability to grow out of china then is stronger than ebay's ability to grow into china. that is what kind of gives them a edge. they can loop in amazon as well because amazon is trying to expand in some very similar areas. so in one fell swoop, alibaba google and ebay, amazon rolled into one. they tried to bring out their own android competitor a while back and google was able to squash it. but they will be back with another one. david: other than its penetration of the chinese market which obviously it has

much greater than amazon and ebay and the others what can it do? is there anything tech logically that alibaba could do that amazon and ebay can't? >> not really. but this is about getting access to product. and, anybody that draws traffic to their site that can sell through somebody wants to sell a product is going to use. there is really no barrier. alibaba with support from the chinese government is solidly ensconced in china and makes it difficult for somebody to come in and displace them. coming out of china, if they do china and everything else, folks going shopping eventually would pick the e-tailer that had both, both sits of goods if you will. you go to one place to shop for everything. if those guys can't come in and alibaba can come out, then over time, over five, seven year period of time, alibaba should be able to displace ebay and amazon as premier worldwide

provider of goods. david: rob, you bring up an interesting point i haven't really thought through, what happens, the chinese government connection with alibaba, what happened? here you have a chinese consumer product, alibaba but based here in the united states or at least exchanged here in the united states. i think it is based in some cayman island or something. what happens if the chinese government actually tries to purposely distract or disor river end amazon and the other u.s. commerce, e-commerce companies in order to give a little boost to alibaba? >> well they do now. so the reason google isn't as competitive in china, the reason that the other vendors are not as competitive in china is because, to a large extent the company that is performing in china have solid chinese government backing. the chinese government makes it much harder companies to come in and compete with them. we don't have that same kind of thing. getting support for technology companies out of the administration has not only been hard with the nsa stuff, but

almost the opposite. so, at the end, the alibaba cops in with support of a major government. they're going against company that lack the same kind of support. david: that is very interesting. how specifically does the chinese government do that? how does it try to kick amazon in its shins? >> well, so, it is all about providing access. at the core alibaba has search technology that connects through to the chinese vendors, the chinese government makes it very attractive to do work with alibaba. things are just easy. remember with a bureaucracy there is easy and there is hard. so if you're working with things easy nobody is coming to question what you're doing. you're not getting inquiries or hassles. you do that with american company you will probably find a great deal of more difficulty. alibaba can sell to china and rest of the world. the american company may not be able to sell to china very well because they're not located there and it is very hard for them to locate there that is

what gives them the advantage. the chinese government can not help them inside of china. but out of china they can give them a competitive edge that no other companies -- >> as we mentioned at the top alibaba has access to certain products in china amazon wouldn't have access to. i mean, really, really cheap items that they make because of all their cheap labor. there is no middleman if you buy through alibaba. is the american consumer, the european consumer likely to go for those very cheap products? >> well, it is no the old china. some of the stuff is incredibly high quality. i give you an example. shopping for a part of one of my cars, the best part i could find was out of china. the quality was equal to or greater than anything i could find out of england. so the end result is, yeah it is not cheap. it is high value. people don't chase cheap but they will chase high value. if you buy the same thing or better at lower price folks will

undeniably go for low cost. look how much stuff is manufactured in china today. >> rob, we have only like 15 seconds left, but big question, are the chinese actually better at high-tech commerce than the united states companies? is that where we're going to find or will amazon be the winner? >> well, china's better at commerce. i mean really is a merchant society. so the technology side, china can acquire the technology they need. we're better with technology but they're better at commerce. that gives them their edge. david: rob enderle, you did it in less than 15 seconds. enderle group principle analyst. rob, thank you very much. appreciate it. >> pleasure. liz: should investors be concerned about the possibility of another housing crisis courtesy of a familiar friend, adjustable rate mortgages? you army a.r.m.s? david: yeah. liz: we're bringing in our two favorite housing guys to talk about whether doom and gloom is overblown or reality. david: another car recall to tell you about. this one involving honda.

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david: time for a quick speed read some of the day's other stories. five stories one minute. ups planning to raise rates by 4.4% at end of the month.

move came after rival fedex said it will increase shipping rates as well. cure ring green mountain will be added to the s&p 500. they will replace wps energy will which move to the 400 index. honda recalling 800,000 odd disses minivans because of a potential fuel leak. odysseys from 2005 to 2010 and fiat 500 ls from the 2014 model years are affected. sears board approving separation of its lands end business. the new stock will trade on nasdaq april 7th, under ticker symbol le. microsoft reportedly working on a new version of office 365 for apple devices. according to an analyst, microsoft is currently losing about $2.5 billion per year because of the absence of office for independednt pads and iphones and that is today's "speed read." thank you, boss.

general motors edging back into positive territory today, even as it struggles to deal with an auto safety nightmare. the carmaker saying it will take a $300 billion first quarter charge to earnings to cover cost that is are associated with its massive recall. liz: so is today's becomep a sign that last week's recall selloff was overdone? jeff flock joining us with more? interesting because the news got worse this weekend. >> maybe not done enough. i'm starting to get a little bit concerned here. i know what the analysts are saying but today's recall is a little bit concerning because those cars recalled before were the old cars. take a look at cars being recalled today. it is not a hugely serious issue maybe. it is about deployment of airbags but look at ones recalled. buick enclave, gmc acadia, chevy traverse. these are important vehicles. 2008 and 2009 through 2013. these cars are out in production

and on the streets right now. mary barra today taking a lot of responsibility. here is what she had to say in a prepared statement that gm released. listen. >> if something went wrong with our process in this instance and terrible things happened. as a member of the gm family and as mom with a family of my own, this really hits home for me. we have apologized. but that is just one step in the journey to resolve this. >> part of the rest of the journey she says jumping on recalls like the one today and analysts, along with the stock market today seem to be downplaying this. take a look what one investment bank analyst had to say today. he said, selloffs like this can be overdone in the immediate term. at this point we see limited risk of a material financial charge beyond the one announced today that would derail gm's positive financial trajectory. i don't know, i look at the stock price, i look at this. take a look, first of all at the year-to-date. yes, become is down year-to-date

15%. gm is down. look at the when the recall was announced a month ago, the stock drop-off has only been 4% in the last month when arguably the worst news has come out. keep in mind the vehicles recalled today are ones a lot more popular, they're in production. i talked to one dealer today in the chicago area who said, i've got 30 of these vehicles on my lot right now that i can't sell because gm has put a stop on the sale of these used vehicles, these suvs that they recalled today. so he can't sell them. he is sitting there with them, paying whatever he is paying to to keep them. that is real problem. dealers will not like that. we'll do more on the fallout tomorrow. but this is starting to get interesting. david: jeff, i'm still saving up for the cadillac. eventually i will buy a cadillac. that is my goal in life. >> they were recalled today, 64,000 recalled, which variety of cadillacs?

>> stss, last two years, stss, too bad. >> apparently a problem with overheating brakes. you don't really use the brakes that much anyway. david: you know how i drive. thank you, jeff flock. good man. call it a beer stock exchange. a new york bar is taking laws of supply and demand to a whole new level, pricing its beer like stocks. supply and demand. nobody warrants it, a little cheaper. more people want it more they have to pay for it. we'll talk to the owner and show you their bar ticker. you don't want to miss this straight ahead. liz: you need to watch it. is it coming to a local bar near you? are you still having problems finding a job. we'll tell you which states have the highest level of employment in the country. which states you should leave off your job search. stay tuned. we're coming right back. ♪

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but when we start worrying about tomorrow, we miss out on the thin that matter today. ♪ at axa, we fer advice and help you break down your insurance goals into small, mageable steps. because when you plan for tomorrow, it helps you live for today. can we help you take a small step? for advice, retirement, and life insurance, connect with axa. david: some good news on the unemployment front. labor department said unemployment fell in 43 different states in january. unfortunately rhode island with the highest 9.2% as the state continues to suffer from manufacturing slump. illinois was next with 8.7%. on other side, north dakota, lowest rate, 2.6%. some people say it is really

zero. naturally most of those jobs coming from fracking for oil and was in that state. nebraska has the next lowest state at 3.5%. 24 more states reported more hiring in january while 27 said number of jobs fell. iowa was only state to report an increase in unemployment. good news, liz. liz: so much of the unemployment picture was initially related to the fall in the housing market but recently we've seen the rise in mortgage rates has spark ad comeback of something called a.r.m.s, adjustable rate mortgages which took a big hit during the housing crisis seven years ago. arms accounted for 37% of mortgages held by banks during q4, the fourth quarter of 2013. that is the largest share since 2009. will this trend continue and do adjustable rate mortgages deserve the bad rap they have been given? is there a way to use them appropriately? joining us now the host of the popular web show, national real estate post, brian stevens and frank garay.

boys, great to see you. >> good to be back. liz: have a different look here. >> well, i'm going, got the luxurious mane happening. like out of control. live up to your mullet standards. >> your hair looks like an unmade bed. >> whatever. people would like to stuff this in their pillow, trust me. liz: if they had a place to put a brand new bed in their home a lot of people, how is that for segue, a lot of people are growing to adjustable rate mortgages which were really instruments people tended to use quite a bit leading up to explosion and implosion of the housing market. does this resurgence worry you, frank. >> not at all. these adjustable rate mortgages are much cleaner. they're not interest only. probably looking at five-year adjustable rate mortgage, fixed for five years. you will qualify thanks to the new qm rules at fully indexed rate or start rate whichever is higher. they're nothing like the adjustable rate mortgages like

the past at all, liz. we're not concerned at all. liz: brian you agree with that. explain why the people shouldn't fear an a.r.m. but they have to go in as an educated consumer if they are going to get one? >> if you're going to get an adjustable rate mortgage, or an a.r.m. you have to get it for the right reasons. if you have kind of excessive spending habits and trying to get the lower start rate, to offset your spending habits not a good idea. as sprang said with a new qualified mortgage. you will qualify at fully indexed rate which will be the higher rate. but we don't want spending habits to become a problem for them. if you look at adjustable rate mortgages right now, you have 3, 5,-year fixed loan. you will have the same lower fixed-rate for 3, 5, or 7 years. if you're in the house under a 7-year period probably not a good idea provided you're going in for the right reasons. liz: i look at these, frank, i get nervous. no one can see a crystal ball with how volatile the markets.

who knows where you are at seven years, you may lose your job and mortgage readjust to higher rate. where does the fed begin with this? they may hold off on tightening rates. fed fund futures rates are different than mortgage rates but they do tend to move slightly in tandem. >> well, you know, liz, i just think that there's enough built into these products now you will not have to worry about it. they have got caps that will protect you. down the road i see a concern. down the road am i going to get hit hard or not make the payment? a lot comes down to what brian said, get into it for the right reason. if you know you're not in the product for long period of time, what have you. this is good product to get into. if you're in there three, four years, something like that, that will work out great for you. also fully indexed rate is probably jeez, under what, 3%, probably something like that on most of these adjustable rate loans. with caps built in, adjustment period and 2% cap, they are

under 3% for start rate, then you go to 5%? not like in the old days where old products had huge margins of 6, 7, 8%. only fixed for two years and you would just get blasted by some new ridiculous house payment. these are pretty decent products, very decent products. qualifying measures put in place now are very, they're going to protect people pretty well along this way. again you have to be the right guy for the right product though. does that make sense? liz: absolutely. it is good advice. brian, we had you guys on to talk about trends. remember brand new mack mansions going out and spec houses, there would be lines around the block. people are giving lottery tickets. you had to pick your number out of a lottery to see if you could even bid on the thing. what do you see appropronothing? is there anything emerging lately caught your eye? >> yeah, our weather fantastic out there. you're frozen. liz: i know. >> you're frozen out there. and nobody wants to look at

houses when it is 10 below zero. so, yeah, i mean this has been a really hard winter for the housing market. not your typical winter where people like to hibernate. they slow down for the holiday season. this is very extraordinary winter on both coasts for different reince. so we had a very difficult winter in terms of housing sales, in terms of where the market is. as we come out of this, we fully expect to see a real strong spring. liz: is there region in particular, frank, that you're looking at? >> well, for me, you know, it could be something tropical and sunny, liz. something like that. you know. i think all the sand states will do well. california, arizona. arizona leads the way all the time in setting trends. so your typical stuff we've seen in the past i think that is what you're going to see. liz: wherever you go -- >> i will tell you something kind of funny about this. look at areas that are great, area in san francisco just a couple days ago, city of

san francisco cale out and they're offering 200,000-dollars down payment assistance program for first-time homebuyers. to give you idea how hot and cold some different metro areas are right now, in san francisco if you're first-time home bow or remember you can qualify for $200,000. coasts will be the hot spots. liz: there is a coast in cleveland you know? lake erie. >> and it is frozen. >> it is frozen. liz: great to see you guys. where you go, frank, bring your big comb for the mullet. >> you know, sitting over there forgot to bring it to show it off. liz: we're lesser for not seeing it this time we'll have you back. >> that way they tune back into see it. try to bring ratings up for us all. liz: with the hair and whole look. brian stevens, frank garay, great to have you. thank you so much. david: nice coast. cleveland coast. liz: come on. david: we all know about supply

and demand in the financial markets but how about applying the same principles at a restaurant? we'll talk to two entrepeneurs. they're getting a lot of customers to pay for glasses of beer based on how popular or unpopular those brews are at a particular point during the evening. is it a need for speed that has one of the nation's biggest police departments owning a lamborghini? you heard me right. who did and why? details in "off the desk" coming next. ♪ ...return on investment wall isn't a street... isn't the only return i'm looking forward to... for some, every dollar is earned with sweat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement to saving for college. our commitment to current and former military members

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liz: of course it is st. patrick's day. which means for a lot of us, irish or not, we'll be heading out to the bar or pub but what is it that draws customers to one location over another? david: when was last pub you were ever at? liz: in ireland. david: oh, there you go. liz: in northern ireland. david: i bet they don't have that there yet because one bar in new york city, really sets itself by all bars in the world allowing beer and prices to fluctuate like stocks. the new york bees company uses customer supply and demand to determine price of different beers throughout the night. we have the two men who own new york beer company. tony doyle, brian connor, owner of "hell's kitchen" hospitality group. you're not from ireland.

>> no we're not. david: let's talk about how this works, tony. if i spot a good beer a good brew but nobody happens to be buying it that night i can buy it for discount? you. >> can buy it for discount. according to as we call it, the beer market, the sale of a beer, if it has been sold, the price rises. david: how quickly does it rise? within the course of how many minutes? >> within ever three minutes. every three minutes the market resets. liz: this is amazing. we had a producer go in there. saw this beer ticker. this is a story. it almost commodity advertises in real time, beer and supply and demand. how many type of beers do you offer. >> 80 different beers all together. 60% from are new york state. we're a very new york centric pub. liz: craft beers for the most part. >> most of them are craft beers. just to get back to the market we found in a pub called footsie. why don't we do something like

that? new york is financial capital of the world. nobody is doing that we have to figure out how to get a pub rolling like this in new york city. david: by the way you can have a market crash, right? sometimes a manager will spot a crash in particular price of beer. >> that's correct, yeah. the market can crash according to the sale, whether that is higher sale of a beer or lower sale of a beer and market will crash. david: do you ever lose money if it crashes in do you ever selby low the cost. >>? >> yeah we do but we don't lose money. liz: if a customer comes in and wants the tableau order obscure beers low that moment? how do you game this. >> some guys and girls will collude on -- david: you need sec to get in there. >> we don't have the same sort of oversight. but we do have a little insider trading. we can push certain products if we want to. breweries love that if there is new product. liz: how do you that? >> we have a setting in the computer system will ask when customers are not buying a

certain product that is knew or we want to promote and system will take over and buying it on autopilot. david: what i like, you have another thing. you can pay for a particular amount of beer. that is, you have a couple of tables i believe that have their own spout. >> correct. david: you can draw your own draft of beer, put down a certain amount and cut off at a certain point. >> that's correct. david: so you could actually buy a quarter of a glass of beer, right? >> we have two draft tables. david: i'm scottish. that is why that appears to me. >> it works great for groups. we get a lot of large groups in. so, there are eight seats around the table. you can run up to $100, $200. david: whose idea was that? >> company in ireland, actually, waterford. introduced it for guinness a couple years ago. liz: do you find it's a draw? people come in and want to game it? >> it is part of it. there has to be other reasons to bring in people. there are holy trinity of the bar business. good food, good drinks and good service. everything else you do falls in line behind that but it is

something different. david: you say good food you have a spago chef there, don't you. >> yes, we do. paul simon is our chef. david: granted it is bar food but at the same time made by a guy who is one of the best chefs in the world. >> he is excellent. he worked in chicago. he worked in florida, north carolina. yeah, excellent. liz: are you going to spread this out to your other organizations and do it maybe in different ways. >> well i think the new york beer company is concept that could succeed in any major city in the country. to do one next door to where we are is probably not feasible. we're working on something es. we're working on belgium beer bar concept for "hell's kitchen" which and call it the jolly monk. david: great idea. congratulations, guys. >> got to keep it fun. david: a terrific idea. if you happen, not far from where our studio is. you're at 44th street. >> and 9th avenue. david: if you happen to be in new york, 44th and 8th

and 9th. don't miss it. great concept. new york beer company. appreciate you guys being here. liz: happy st. paddie's day. david: happy st. paddie's day. tony doyle and brian connell. we know there will be a day most of us will be replaced by robots at work. wait until you see the incredible feat performed by a robot. you don't want to miss this. liz: the los angeles police department is riding in style, adding a very expensive vehicle to its fleet. why? we'll tell you in just a minute. so i can reach ally bank 24/7, but there are no branches? 24/7. 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. [ male announcer ] evenore impressive than the research this man has at his disposal is how he puts it to work for his clients.

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liz: new clues in search for missing malaysian airlines flight have investigators taking a closer look those of controls of the plane. officials in malaysia now brief it was the copilot of the missing flight that spoke the last words to ground control before disappearing. david: but malaysian authorities are backing off of earlier suggestions that the final signoff came after communications system was turned off. investigators are also looking at mobile phone records of the passengers to see whether anybody on board tried to make calls or zenned texts but so far no evidence of attempted

contact. liz: bright tish newspaper claims that the plane's captain is fanatical sporter of malaysia's opposition leader and was upset when he was arrested hours before the jet vanished. david: he was at a rally which that guy was speaking. >> the copilot is also under the microscope as well. the 27-year-old only started copilotting recently. son of a ranking high government official ascribed by friends and religious and serious about his job. david: the search for the plane is extended into vast air corridors. one to north and south of the plane's last position. liz: we asked you to, let's go "off the desk." the los angeles police department has a new addition to its fleet of vehicles. a lamborghini gallardo, decked out with the department's traditional black and white. david: wow, that is cool. liz: the car which can reach speeds more than 200 miles an hour. costs 112,000. don't count on seeing the car at any high speed car chases.

david: it was donated by light source one to be used in charitable events. i thought they confiscated it from drug dealers. that is it for now iprise asked a simple question:

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confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. gerri: hello, everybody, i'm gerri willis. right now on "the willis report", common food contaminated with deadly bacteria. we'll have the latest on two big consumer recalls. also gm still under fire for its ignition switch recall. today, gm issues three new recalls involving another 1 1/2 million vehicles. >> we have apologized but that is just one step in the journey to resolve this. a new alert about lottery scams. crooks hit the jackpot at your expense. we're watching out for you on "the willis report."