that was some of the big winners stockwise. [closing bell ringing] >> united health, many of them are up five and 6%. this has been a great sector this week. cheryl: nicole, the best are ringing on wall street. what a two-hour span, we've had in the markets. janet yellen giving her first fed conference, chairwoman conference. she did not disappoint. the dow is down 112 points. we were down 210 points about an hour or so ago. we have recovered from that. s&p, nasdaq an russell to the downside of the market, david have recovered from what we got. that was during janet yellen's first press conference. >> you want to stick we have sheila bair, brian robertson, cofounder of cast light. that was up 150% on friday the day its ipo came out. it's a busy hour. start with the front page

headlines. fed policymakers led by janet yellen voted to reduce bond buying for another $10 billion. that still will be $55 billion a month. that is not chump chain. they abandoned the 6.5% threshold for unemployment as trigger for higher interest rates. cheryl: to find out if the acquisition violates antitrust laws. david: u.s. attorney general eric holder announcing today that toyota will have to pay $1.2 billion to settle a criminal investigation into the way the company handled the quote unintended acceleration scandal. it is largest such penalty ever on an auto makeer. >> fedex, the world's number two package delivery company lower than expected quarterly results and forecast weaker full-year earnings. shipper saying it was badly hurt by the winter storms. david: general mills stock rising despite a disappointing earnings report it blamed in part on bad weather.

the company maintaining its forecast for strong double-digit growth in adjusts earnings per share for the current quarter. cheryl: russian troops backed by unarmed men have seized the ukrainian naval headquarters in crimea. no shots were fired. the ukrainian commander was driven away by russian special forces. "after the bell" starts right now. david: let's go right to it. break down today's market action with our panel. we have schaefer's investment research equity analyst. he says a market top is nowhere near in sight. and we have jensen fund coportfolio manager. he is here to tell investors what companies to add to the portfolios to protect against any potential downside. robert horowitz in the pits of cme. he has seen it coming for a long time. but they have not been listening to todd.

you have been forecasting a market drop we haven't seen that. january, we came back from that. talk to the average folks out there. janet yellen spoke to this she talked about unemployment. nobody has been unaffected. everybody knows somebody that lost a job or worried about losing a job. talk about average folks making less money. she talked about that. the average money people are making is less now than five years ago but they're spending a lot more money on things like food and gas and other necessities. some day that has to catch up with the market, right? >> hi, david, hi cheryl. when we look at the big picture, people are making money they were making 10 years ago. and now, where is gas? where is food? today i filled up my tank today. it was $112 to get gas. i got my gas bill for last month's heating. $800. where is money going to come from to continue to support these kind of expenses in we talked about no inflation in the

market and no inflation because the way we keep score but truth of the matter the average guy has a lot of problems they're paying a lot more for goods and services they use. our report excludes food and energy. where do we spend most of our money on? food and energy. i think vanely will create a pretty big problem along the road. i do believe this is a house of cards the fed continuing to try to borrow its way out of debt it may not be today. i've been on the sidelines since 1740 looking for the market to sell off. at some point it will. i will not fight it here but certainly not bring new money to the table. cheryl: joe, here's the thing, you've been fairly bullish on the markets. pick up on what todd is talking about here. there are headwinds. maybe fed caused to be honest with you. does that give you a pause on your position on equities right now? >> not, not at all. i will tell you why. those are concerns about the economy. but we're talking about the stock market. we're talking about price. price is what pays and we're

talking about expectations, how low or how high has the been set. talking about price. let's not forget, we're in incredibly strong uptrend. the lot of times take as lot to reverse and historically the major market tops happen when you have overwhelming amount of optimism. i've been seeing a lot of skepticism we've been hearing quite some time, this is only fed fueled rally. a lot of skepticism. people look continually what is the market top? what will cause the market top? historically what we see when the market tops. we see euphoria. that is why i don't think this is the ultimate top right now. david: robert, can't separate the market from the economy. people get their money from people operating in the economy. the fed announced they're lowering their growth rate expectations from 3.1 to under 3%. it could be well under 3% when the year ends of the eventually if people are not buying, companies are not making profit. they have already squeezed their

operations to the point of practically strangulation in terms of the number of people they're hiring. >> well, that is true but i think like a lot of things in the markets today you have to sort of segregate different parts of the market. i think there's a number of companies that are actually doing quite well. and, in light of fed sort of reaction today, they haven't changed their approach too much and the there is a consistent, positive drumbeat with their approach but a lot of companies continue to do well. across the board there may not be that much hiring. there is robustness in the certain segments of the market. cheryl: todd, pick up on that, you think we're all missing the perfect time to sell. this is the day to sell. he is saying no much companies are doing we, companies are strong. we're on target. how do you respond to that. >> if you look at individual consist, i'm talking about the

big market. individual companies can perform very well when the markets are not performing. as i see it as an overall big picture i don't see breath. i see a lot of props. we talked about copper last week. copper is still at five-year lows. that is problem. you call it dr. copper. we're not building. we're not constructing. homebuilders had some good news this morning but what i really want to know where are people going to borrow the money although rates are low, the average guy is not available to get that money because the banks won't loan it. why would they? they will take the money fed at zero and give it back to the full faith and credit of united states government at 2.7 so why would they low. jobs are premium. yes more people are looking but the overall picture is very murky. is the top today? i don't know. i think there is lot more risk to the downside than to the upside. david: however, talk about lending for a second, joe. i know you're a big believer in the housing market. we're buying into housing sector stocks, lennar in particular. we'll be talking to john allison from the cato institute.

he of course really turned bb&t into one of the biggest banks in the country, one of the biggest regional banks in the country. he knows loans. he is seeing an increase in loans particularly to small and mid-sized companies. as the fed begins to open up credit, when it begins to borrow less in order to buy fewer bond that gives more credit to the private sector, don't you think, perhaps that credit will be put to use and that's going to help homebuilders? >> i definitely think that could be one positive going out the next few months and even coup years now. i think when we talk about the home building sector, one etf, more of a basket of stocks. itb. the other guest mentioned we had good news. kbh homes. kbh stock ticker symbol had better-than-expected earnings report. kind of lifted that sector in the green despite the broad market selloff. i think overall, homebuilders especially once we started tapering expectations have been extremely low because everybody

sorted assumed skates are going to skyrocket once tapering begins and that is not what happened at you will. david: it did today. hold on a second, it did today. we saw rates go up 10 basis points. >> i'm talking about the beginning of tapering, when qe started to taper past four or five months, the assumption rates would skyrocket and homebuilders were going to tank. since november and december, homebuilder sector has shown strength. shows when masses believe one thing they're often wrong. you see the unwind trade exactly what we're seeing in home building. >> robert, the reason i want to pick this up there is discussion with janet yellen what is happening with the ukraine. gazprom, largest gas producer in the world is this something with fundamentals or something you're seeing geopolitically right now? >> that is very sensitive to the geopolitical situation. they're in russia but they're very carefully as an example, what we like about praxair, they're extraordinarily

efficient and focus on return on invested capital anywhere in the world. they have density? geography. the density helps them with standardization and their efficiency. so it's a company that is actually getting better as it bows. and is operated at a operated at a very high level. they're very careful which parts of the world they enter, recognizing again once they have density, then their efficiency really skyrockets. is a remarkably well-run company and we like it alot for those reasons. david:py the way, i know cheryl mentioned this. worth mentioning again. ukraine is preparing to evacuate its troops from crimea. apparently giving up in light of the russian aggression there. we've got to leave it at that. gentlemen, thank you very much. joe, robert, we appreciate it. todd, stick with us. we will come back to you in couple minutes when the s&p futures close. cheryl: we'll see if todd gets more bearish in the next five minutes. david: could be. cheryl: 2% is the key number for the fed when it comes to

inflation. is 2% too much when it comes to your wallet. is it time for policymakers to rethink the threshold? guess who is coming up. former fdic chairman sheila bair, she says yes. david: interesting argument. there is one key indicator in the jobs report that a lot of investors are kind of passing over, kind of missing and it is telling us the rate of job losses could be higher than you think. guess who spotted that? former chairman of the council of economic advisors, ed lazear and he is here to break it down for us. cheryl: tell us what you think. did the markets overreact today when janet yellen said rates would go up six months after the end of tapering. tweet us, at fbnt it b. your answers -- @fbnatb. your answers coming up later. ♪ ♪

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"divergent" will be released on friday. all the kid i know are eagerly awaiting movie. variety cut the film there is uncertain sense the setting, bloated plot, drab visual style and solid yet underwhelming lead could leave little demand for sequels and leave the sequels somewhat muted for demand. forecasters are expecting it will bring 65 million and 70 million this weekend which is not that great. so as we are tracking what the movie may do we're watching stock to the downside. early sales at fandango are stellar but reviews are mixed, reviews. , nicole, appreciate it. >> janet yellen confirmed yesterday's projection of pushing up inflation to 2%. >> we're fully committed to 2% inflation objective. and we do not want to undershoot

inflation for a longed period of time as i mentioned. david: however from where or from whom did the fed get authoritied as americans said, tax 2%. milton friedman said inflation is taxation without legislation. fed maintains target of 2% when it comes to inflation. is that target too high? first on fox business is sheila bair, former fdi see chair and author of bull by the horns. there is copy of the book. you want to go out and buy it particularly after this interview. you quoted milton friedman in recent piece. i heard him say or remember him saying that. >> right. david: who gave them that authority? this is a tax and they are operating, they're not supposed to be issuing taxes are they? >> i don't know why there is obsession generating higher inflation. we don't want prolonged serious

deflation. that would be harmful. real wages have been going down. if you're trying to bump up the prices of consumer good and wages are not keeping pace you are reducing the purchasing power of the average worker and that's a bad thing. that's not a good thing. i don't understand why there is still this conventional fix on getting higher inflation. i don't understand that. cheryl: we have seen inflation in some parts of the u.s. economy, sheila. particularly food prices. 70% higher than it was a year ago. >> the fed takes, usually look at core inflation. that excludes food and energy. so yes, they need to look what is going on in the real world too. not just the traditional statistics they use. i think a lot of this challenges conventional wisdom. conventional wisdom that accommodative monetary policy reduces unemployment. it hasn't done much on that score. it is, it creates inflation risk. we haven't seen a lot of inflation. i think that's a good thing, not a bad thing. not in consumer prices. we've seen a lot of financial

asset inflation though they don't look at and worry about. i think those are tremendous risks to the stability of the financial system. i wish there would be fundamental rethinking what they're doing and why they're doing it. i think it is well-intentioned but they're not accomplishing their objective. david: to put it in human terms this is very non-economic, sort of let them eat cake mentality. >> let them eat credit. david: let them eat credit. a lot of people can't afford the credit or get the credit in order to buy basic stuff like food, necessities. there is this middle ground. there are always folks stuck in the middle. they don't qualify for government assistance. but they don't qualify for credit. so they're really stuck there. >> they are. it is very hard. if you're not, if you don't have pristine credit, very hard to get a loan. they have to go to the higher-priced pay day lenders put even greater burden on their financial situation. so, yes, it is not working for the average american worki family. it is not working at all. those are people we need to

start focusing on more. cheryl: do you think, sheila, we're going to see a change in how consumers and businesses are getting loans? as interest rates go up it behooves the banks to lend more money which frankly they have not done. i don't know if you've seen that as we have. do you think that is actually a positive? >> i argued this. perhaps it is counterintuitive with a little more normalized interest rate you will get more bank lending. right now, you know it is very easy to make a risk-free return by getting fund at very cheap rates, zero, negative, really. deposits are still flush with deposits. reinvesting those with government securities or government backed mortgage back the securities. you can make a nice risk-free spread. why go out and make a small business loan and rates or risk premium you're getting on small business loan are so low. there is another problem with the approach of the fed, if you're a big corporation you can issue debt in the markets. you can access debt markets, you can get the benefit of these low

rates. but if you're a small business, that is where job production is, trying to get a loan is all too difficult. david: talk about the savers out there. a lot of folks don't want to gamble in the stock market. i know it is more than a gamble, like going to vegas. they don't want to go into the stock market. they're burned many times. they're getting screwed,der to give the expression, screwed by zero interest rates. >> they are. david: how do they get the interest rates where savers are helped, particularly elderly savers without getting increase in inflation? >> would be nice. used to get couple percentage points above inflation rate on safe bank deposits and cds. david: not now. >> those times are long past. the same people we were talking about before, to the extent they have meager savings it is not cost efficient to open up a brokerage account. they need to put it in the bank and they're not getting any kind of return. another problem with penalizing

savers. those can not invest in the stock market, benefit from lofty returns they're penalized by these policies. cheryl: great to have you on a day like today. we're talking about interest rates and inflation. david: bull by the horns. let's hope we all get the bull by the horns. get this bull back in our lives. thank you very much, sheila. good to see you. >> you're welcome. david: the fed's taper may free up banks to lend more money to businesses. it is happening. that is good news. that could in turn boost employment and economic growth. john allison, cato institute ceo and former bb&t chairman and ceo, one of the best banks in the country will tell us how this could be a game-changer for our economy. cheryl: is it getting more expensive to listen to your music on one of the most popular music sites in the nation. we'll have details coming up in a few moments. ♪ we asked people a question,

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david: just exactly as the fed is moving ahead on tapering there has been a trawlly spectacular rise in bank lending, particularly small and medium-sized companies. that is good stuff. despite the bad weather, commercial and industrial bank loans rose 21% in january and february. now compare that to 2013, when they only grew by 7%. could the increased bank lending be connected to the fed pull back in bond buying? with us in a fox business exclusive, my friend john allison. former bb&t corporation chairman and ceo.

one of the best banks in the world and cato institute ceo and president. cato is lucky to have you, john. so is there any connection to this really positive increase in lending, particularly small and medium sized businesses and the fed tapering? >> david, i think there may be an indirect connection. i think the tapering is very good. in fact i wish the fed would creating money, which i think is what they're doing with these qe programs. i think that the connection would be that businesses may be developing a higher level of confidence that we're not going to have a debate. of the currency which makes it very hard tore businesses to predict future inflation and future prices. businesses are looking for price stability and they're not dumb. they grasp it when the fed is creating a lot of excess reserve in the banking system that could result in higher inflation in the future. it is kind of an indirect effect. the fact is that banks have been quite willing to lend but only

to very high qualified borrowers because the federal reserve and the fdic and bank regulators have radically tightened bank lending standards for small businesses. david: yeah. >> which is ironic i would say. i've been in the banking business, started out as a small business lender. the lending standards today are the tightest they have been in 40 years. so the problem hadn't been that banks didn't have money. the problem's been that the standards were raised by the federal regulators. david: but as a banker you used to focus on small businesses you must be very encouraged that lending increased 21% in january and february. that is a huge increase, is it not? >> that is positive sign. that is good news. a pickup in residential building an construction which is a big part of the small business lending market. david: all right. >> but that is a really good sign. david: let's talk about what, one thing that janet yellen said. she said a lot of things today, maybe too much but she said how

the financial crisis was so severe, so, so big, much bigger than the s&l crisis, that it required the federal reserve to do this extraordinary money creation in order to buy trillions of dollars worth of bonds. do you think, bottom line, do you think that what the fed has done over the past three or four years has been helpful or harmful to the economy and why? >> i think net it has been very harmful. now, the fed, in my view, the federal reserve created the financial crisis itself because of policies that went back to the early 2000s when they were creating too much money and creating negative interest rates that spurred inflation. david: let's not relive that let's go on to now. why is the economy in worse shape now than it could have been had the fed not gotten into qe? >> the big thing has to happen is for the economy to clear. prices get rationale. you need real estate prices to fall. you need markets to clear. once that happens we need to

start building again. we would have had a more severe correction if the fed had not been -- we have much lower unemployment and a much brighter future. david: all right. we, i just got word that we only have time for one more question. this is a question that relates to that. and the question is, whether they have gone overboard in things like regulations in order to prevent another financial crisis, or in money creation. but they have this, these new stress tests which they are very proud of, they say without these stress tests banks would be in much worse shape. this gives us a forecast whether they get weak before that weakness shows up on the ledger. were tomorrow we come out with some results of those stress tests. what do you think of them in general? >> i think they're very dangerous. david: why? >> they're forcing banks to basically evaluate decisions and take the same risks. the way these mathematical formulas work, which all failed by the way in the last financial

crisis, everybody is forced to take the same risk. they weight the risk categories, instead of diversified economy where people take different risks, everybody is not making the same mistake the stress tests are actually forcing people to take the same risk because of how the federal reserve wants formulas wants to be run and how it weights risk. it is also scary because they can manipulate capital by low risk-weighted subprime mortgages, they can low risk rate any category they want to for political reasons. that increases real economic risk. david: by the way you increased the assets of your bank, bb&t by what, 100 fold during your tenure? about 100 fold, okay. so you know regional banks. i've been hearing a lot about the fact that the strongest banks out there in the country are not the big ones, not the big five or six or seven but the small regional banks. do you agree with that? is that the best place, if you want to invest in the banking community, are they in the best shape? >> you call them the larger

regional banks i think in general, not every case or in much more sound financial condition. they're less active than some higher risk markets and they don't have some challenge that is community banks have today. so it is the best segment today. david: by the way the regional banks did very well today, just to throw that out there. john allison from the cato institute. great to see you, john. please come back and see us again soon. >> thank you, david. have a great day. david: same to you. cheryl, over to you. cheryl: the markets shared the better than expected jobs report released earlier this month but are most commentators overlooking a most important piece of data? that is what our next guest, the former chairman of president's council of economic advisors, ed lazear beliefs. he tells us about the hidden rot in the job numbers. health care is making quite a splash as well. we talk to some one who had not just one but two big health care companies go public in the last two weeks! don't want to miss that. of the ♪

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does breathing with copd weigh you down? don't wait to ask your doctor about spiriva. david: it is time for a quick speed read of some of the day's other headlines, five stories in one minute. first up, jpmorgan selling its commodities business to swiss trader mercuria energy. this is a cash deal. the deal is expected to be completed in third quarter.

portia is replacing engines in all the 22014 supercars due to risk of engine fires. they are not saying how much the expensive recall will cost. pandora is raising monthly subscription service to $5 in may. existing subscribers will keep paying $3.99 a month to listen to pandora without any ads. jetblue announcing a status to aim at members with loyalty programs. holding higher tier in american, delta, southwest, united, can sign up for equal status on jetblue. sony has virtual reality headset for playstation 4. man it sure looks cool. [buzzer] cheryl: wraps around your entire head. david: fun stuff about that. >> we'll try it one of these days. investors cheered february's

better than expected employment report after the u.s. added 175,000 jobs, but we've got someone who says, we need to look beyond that headline member. david: he thinks there is a statistic often overlooked in its recent decline is a big cause for concern. joining us ed lazear, hoover institution senior fellow and former chair of the president's council of economic advisors. one of the smartest people anywhere in the room, whichever room you happen to be in. ed, what is it that folks are overlooking here in these stats? >> well, the simple thing that they're overlooking is the length of the average work week. it is a very simple idea. if total hours worked goes down, even though employment goes up, then you know you have less activity in the labor market. two things have happened since september. if you look at the past six months, while we have had job growth, we had some reasonable job growth, about 900,000 jobs over that period, the average work week has declined and it has declined by enough so we

lost the equivalent of about a million jobs. so on net what that means is that we actually lost about 100,000 people in terms of labor force power. david: wow. >> over that six-month period. so we're working less today than we were six months ago. that is the problem. cheryl: i have a feeling that janet yellen and fed members read your op-ed in the "wall street journal" before they came out and made their decision today. she came out and talked a lot about the labor participation rate the fact it was up a little bit but the overall employment picture is not where it needs to be. if you were advising her and the fed what would you tell them? >> i think they're, i actually think they are aware of this in fact i think ben bernanke was aware of this a few months ago. their language has been a little bit sloppy because it noise surprise that they're not going to raise interest rates when we hit an unemployment rate of 6.5%. they know that 6.5% is not an accurate description of what we're doing in the labor market.

the employment rate, that is the ratio of the number of people working to the total population, is down, it's flat. it really hasn't risen much since the depth of the recession. they're aware of that they know that the labor market remains weak. i think janet's comments were clear on that. she talked about hours of work by the way. she talked about labor force participation. so a couple of those things that i've been pushing, in the, on the pages of "the wall street journal" and elsewhere, are things that they have picked up on, but again this is not me teaching the fed. they certainly know these things. they have been a little sloppy in their language. janet was very good to clarify that today and talk about what they are going to be looking for in the future. david: ed, let's talk a little bit more about this hourly rate. reminds me of that cbo report that came out not long ago on obamacare. >> yes. david: remember the administration's reaction to that for those who forgotten, the report said there will be many, many, hundreds of

thousands of millions, less man-hours work because people will decide to work less time in order to keep their benefits from obamacare. and administration's reaction was, oh, that is a good thing that will give people more spare time to go on vacation and right a novel and start a little business. they were saying that the quality of time appreciated by people not working as many hours is good thing. what is your response to that. >> that's just a confusion. i would love to get paid for not working as well. look everybody likes subsidies. the question whether the subsidy contributes or takes away from economic output and creates a distortion and in this case it creates a distortion. there is no doubt about it. that doesn't mean you don't want to do it. that's a difficult policy question. -- different policy question. whether obamacare or affordable care act and its subsidies are good thing or not depends on the virtues of its legislation and we may have different views on that. i'm not a huge fan of that legislation but that's a

separate issue. but if you're asking whether this is a good thing in terms of the economy and the labor market, it clearly is not. look, when you have people being sucked out of work because of a subsidy to non-work that is a distortion. and it is a distortion on top of the fact that we already have underincentives to work because the tax system punishes work by giving some of your, the returns to your labor to the government. we already have too little work. this is a force that works in that same direction and encouraging even less work. and that is not a good thing. the other aspect of the bill, go ahead, please. cheryl: before we let you go, we don't have a lot of tile. you talk specifically about hours worked in the week. what about wages? what are you more concerned about going forward, wages or hours worked? >> well, i'm more concerned about hours worked right now. the wage series, tends to move around a bit. so does hours. but the problem is this is not a one-month blip.

people looked at hours. weather, february was a tough month in terms of weather for you guys. out here it was pretty nice. cheryl: you had to throw that in. >> the point i think, yeah. it is always pretty nice out here. the point though i think is that, this is not a one-month phenomenon. we're talking about a trend that has been going on since september, four of the last six months have been down in terms of hours and the hours tell you two things. first of all tells you how much economic activity is going on but second it tend to be a leading indicator. so you if look at early parts of the recovery, hours picked up. people didn't notice that. and the, labor market was actually getting stronger than the jobs numbers would have told us. the problem is right now it is going in the opposite direction. whether this is a trend or short-term phenomenon we'll have to wait and see but it is not a good sign. cheryl: i agree with david, you're the smartest person i know. david: ed lazear, good to see you, my friend. thank you very much. >> thank you. david: appreciate it.

fed startups are getting all the press today but that is not only sector generating a profit. the guy has been called health care venture capital bill dollar -- billion dollar man. he is cofounder of cast light health. that took soared 150% friday on its debut. those litt things still get you.

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the health care information company, cast light health, which soared almost 150% last friday. it has come down a bit since then but it shows dynamism of that sector and the entrepreneurs behind them. cheryl: we have the cofounder of cast light health. brian, i have to say when we think of vc money we think of technology but you're strictly in health care. what is it about health care that wants to make you put down millions of dollars. >> health care is huge, huge industry. certainly since the affordable care act and recession since 2009 there have been tons of changes going on. there is a lot of change and a lot of attraction for entrepreneurs which means possibilities for building huge companies. >> here is a big question. it could happen before you dismiss it out of hand. what would your business do if obamacare's repealed? if for example, republicans take over the senate, in the midterms

and then take over the presidency and talk about repeal, full repeal of obamacare. how would that affect your business? >> sure, a, i don't think it is particularly likely. that is totally different question. we actually, at cast light, we sell a web-based software and service to employers. if you remember back to 2009, when obamacare was passed, it really, first four or five years of it were really insurance reform. so employers woke up one morning, in the midst of a recession. i think they looked at obamacare, said, wow, what does this really do for me in the short term? castlight is not particularly dependent on obamacare at all. david: doesn't matter to you whether the government is paying or private individuals or insurers or business, you just straighten out what is there no matter who pays. >> you got it, exactly. cheryl: what is likelihood looking forward for our viewers who might be think about this space. is there another athenahealth out there? you were one of the first

investors, $10 million you put into that. you've had several successes. there are 38 ipos in the health care space in 2013 but is this trend over a bit, do you think. >> i don't think so at all. i think you need to separate health care technology, biotech and medical devicings, from technology and systems i.t. software for health care delivery. but in both of those i think you have another good decade of run ahead of yourselves. david: health care delivery, that's a very interesting, maybe it is just because we're looking at it from my parents. i think a lot of people are in my position, wondering whether there is this whole subsector of perhaps there won't be as many doctors as there were. certainly there will be more people to cover at same rate of doctors. even then they will be strained. there will be extra doctor care delivery systems. can you make money there? >> sure. so i think actually one of the really interesting things in doctors and patients and that

whole interaction, while nearly every other industry over last decade showed labor productivity gains, health care has been flat to decreasing. so there is huge opportunity in making, in making sort of the provisioning of health care to you and me and your parents and my parents, much more efficient. cheryl: brian, i'm curious, you're the guy to ask here. what do you make about wearable technology and devices when it comes to health care? we're now getting devices to monitor blood pressure and our heart rates and everything else. what do you make of that space? is that what you're most excited about? >> we, so i think it will be an interesting space. again i think there's the medical portions of that and then there are sort of health and wellness consumer, the fit bits and all that sort of stuff. the place that tend to spend a lot of time are more, is it intersection of changing incentives and changing information for whether it's patients. that is what castlight does. they show you prices and quality

so you make better decisions where you go or for doctors, right? doctors will take much more risk in the future. they have been in a situation where they just, you know, sold a widget. whether that widget was cardiac surgery or an x-ray. now they will have to actually sell that widget and almost take responsibility for how well that works out. so what are the downstream readmission rates and stuff like that. that is a bunch stuff included in obamacare and will be coming out over the next four or five years. david: you know, when you're looking up in the dictionary the word success, brian's picture is in that definition. brian, congratulations on all your success. you've been tremendously successful. we wish you the very best. good to see you, brian. >> thanks for having me on the show, guys. david: of course. cheryl: fascinating. the mystery over the missing malaysian airlines flight intensifies as reports data from a flight simulator used by one of the pilots was deleted. david: charlie brown and snoopy

headed to the big screen for the 65th anniversary of the beloved comic strip. love that theme song. cheryl: i do too. david: love that theme song. "off the desk" is next. ♪ we asked people a question,

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: some brand new developments in the search for missing malaysia airlines

flight 370. police say files were deleted from the pilot's flight simulator last month. cheryl: ashley webster in our newsroom with the latest details. >> dave and cheryl, the white house now confirming the fbi is helping malaysian investigators examine that home flight simulator belonging to the captain of missing malaysia flight 370. the pilot is said to have deleted some files from that simulator on february the third. but authorities say he could have been trying to free up memory space on the computer. meantime it has been 12 days now since the aircraft vanished. the search is concentrating in two main areas. the bay of bengal in east of india and southern indian ocean 1500 miles off the east coast of australia. the area is covering the area about the size of continental u.s. the authorities say the battery life the black box is 30 days. after that it will stop emitting a signal. that means searchers have just

18 days left if the black box will help pinpoint the exact location. back brown checks on 239 people on board the aircraft have revealed nothing to indicate a possible motive. the only missing background checks involve three passengers, two ukrainians, and a russian. dave, back to you. david: ashley webster, thank you very much, ashley. cheryl: we asked all of you on twitter and facebook if the markets overreacted when janet yellen said rates may rise six months after the end of qe. lisa wrote on facebook, said, no they didn't overreact. yell loan should not set policy in stone when there are still a lot of questions how stable are economy really is. i don't think she meant to set that in stone. david: charlie brown doing first feature film in more than 30 years. charlie brown, snoop if i and friends set to hit a peanuts film. for all the original charlie brown, it will not be modernized too much. it looks different from the

classic as charles shulz's son is one of the producers. there is the theme song. he was a genius. he died much too young in 1976. love that theme song. cheryl: lot more coming up. 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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>> hello, everybody, i'm gerri willis. right now on "the willis report" , tapping the equity in your home to buy stocks. a loony tune idea or a good way to make money? also the car recall scandals. toyota settles its criminal investigation for a record $1.2 billion. what's next now for gm? how do you that? the best way to find a car mechanic without getting taken for a ride. we're watching out for you on "the willis report." gerri: thanks for joining us tonight. a critically important story.