all-time high. chipolte up 2 1/2%. [closing bell ringing] david: in fact we're gaining on that triple digit lead on the dow right now. liz: we're waiting on nike earnings. want to stand by nor that. breaking news, the results of the fed stress tested conducted as part of dodd-frank have just been released. peter barnes in d.c. peteer? >> david, liz, all but one of the top 30 u.s. an foreign banks with major u.s. operations have passed the latest stress tests from the federal reserve. these are big banks with assets more than $50 billion, all of the top banks, passed. bank of america, citicorp, jpmorgan chase, wells fargo, goldman sachs, morgan stanley. all of them passed. zion's bancorp was the only one that would have less than the projected necessary capital by the end of 2015 under this test but fed officials stress that zion still has time to fix this situation through its capital plans. it has been struggling with some of these new rules much the top

performers and the stress tests were state street, discover financial, rather and bank of new york mellon. now under dodd-frank financial reform as you mentioned the fed must estimate whether the biggest banks could survive and continue to operate in another terrible financial crisis and recession so that taxpayers don't have to bail then out again. the fed assumed in this test, a something called a severe adverse economic scenario. with gdp falling nearly 5%, unemployment rising to a 11%. stock prices tanking, by 50%. home prices tanking by 25%. the stress test showed that they would lose $366 billion on their loans through the end of 2015 under that scenario. about 500 billion including trading losses, but, despite that, because they have been beefing up their capital since the crisis on their own and under more regulation the 30 banks in aggregate would still end up with tier one common

capital, the strongest form of equity or shareholder cash of 7.6% by the end of 2015. they're required to have at least 5% tier one capital. these results will be part of the capital plans the fed is reviewing to determine banks plans for dividends and stock buybacks. they will release those plans with their approvals or rejections next wednesday. david and liz. david: by the way, peter, in deference to psy on, there was a failure to bb&t. bb&t is a very strong bank. they're planning and modeling didn't meet expectations of the fed but they still had profit numbers and cap numbers that were very very strong. the fact that zions failed doesn't mean it's a bad bank per se, correct. >> yes. that's true but at least in these projections, zions has to say was way below the pack. david: okay. all right. interesting. >> 3.5, 3.5% tier one common

equity. david: put that back up. put the bid and ask after-hours of zions, i think investors are taking it with a grain of salt. what we saw last year bb&t failed but they were still a strong bank. it is not tanking by any means after-hours. liz: not at all. david: peter barnes. thank you very much. we'll talk to an analyst and figure out which banks he thinks are most likely to pay out more money to shareholders that could indeed raise the stock value. liz: we had quite a raising of the roof for stocks today. let's get to market action. jim lowell, advisor and investment manage strategist. he has three plays you can use to hedge against fear-driven volatility in the markets. jeff saut, raymond james chief investment strategist who says all signs point to a long bull run for equities. chris gersch joins us from the cme. chris, we got a very good number, the regional number, philly index beat to the upside and markets took that number and

ran with it. >> it really did. the s&p saw yesterday as a hiccup as we recovered almost all of those, the traders behind me were looking for a close over the 61675 level which we would have ran a lot higher if it did close above that. it didn't. the three words yellen said, about six months, hit the futures pits really hard yesterday. being a bull market, no one wants to get off this train right now. these traders are recovered and are looking for tomorrow to be the futures are looking for strong open tomorrow. david: i think, look, she is beginning at this. her pr team maybe hasn't gotten up to speed. i think she learned a less on son this. jeff saut, go to you for a second and talk about the winter weather. janet talked a little bit about that yesterday. it has been an awful winter. i'm wondering all the demand,

folks at home when they would be out shopping will go shopping this quarter or even next month? will we see a spur in demand as a result of pent-up demand? >> i think that is exactly right, david. i think that the fed reinforces that. i think the fed is looked past the wicked winter weather and looking for a pickup in demand as we get into the spring. i spoke to an auto dealer in the south yesterday which did get impacted around the atlanta area. they sold 62 cars in february last year. they sold 139 cars in february this year. i think the fed is on track here. i think market reacted more to the fact that new orders picked up and philly fed survey and that they were talking about a stronger cap-ex cycle which would give the wind at the back to gdp i think that is exactly what is going to happen in the back half of this year. liz: jim when do you think will happen in the back half of the year? you can be solidly bullish and believe there is volatility due to headline issues, right?

>> no question about it. we have geopolitical risks from putin all around the globe, right back to the middle east. so, anything could disrupt this market, let alone just higher prices and higher valuations leading to some sort of a measured pullback. but reality is the market today clearly moving with a spring in its step. i'm just back from a grapefruit league and cactus league trip and i saw both cranes in the sky over miami and in phoenix, arizona, something i hadn't really seen for a couple years. clearly we're seeing a resurgence, a recovery that is on track for at least slow growth, if not slightly faster paced growth. so the net good news is if janet yellen is forecasting enough growth to think that we might raise rates inside of 2015, growth investors, stock investors in particular, can i think, sigh a little bit of relief. david: one other thing, chris gersch, that janet yellen was forecasting at least, or hinting at were inflationary pressures. some people were surprised to

hear that were you? >> i was very surprised she hinted towards any sort of inflationary pressures. you look at the cpi numbers come out, if anything the u.s. is still in deflationary environment. you look across the atlantic you've got italian and spanish bonds down at that 3 1/2 handle on the yield. we're at about 2.78, 2.80 when i came off the traying floor and more or less to me, what do you prefer to be in u.s. treasurys even at that 70 basis point premium? i don't think going to eurozone anything right now. i see anything, rates going lower, not towards 3%. david: chris, she has access to so much stuff. what do you think she was seeing that other people weren't seeing in terms of the inflationary pressures? >> i think that she does see, david, you hit on it. i think demand down the line. i think the fact that housing came out a little bit stronger than expected despite the weather. i think she sees that recovering

potentially, the labor force. therefore getting to the, those construction jobs we've been waiting, you know, almost four years for, to come back into effect. if she is seeing those sort of things in her own little beige book, i expect that, that six-month comment could be on board but me as a trader, all the numbers that see, say deflation, not inflation. liz: let me jump to jeff saut then because you actually do have two stock picks you like no matter what the atmosphere is. talk about those and what you think of chris's comments. >> i think the surprise will be a pickup because of pent-up demand. i think economy will nudge towards 3% by end of this year. there is a bulge bracket firm that thinks 3 1/2. i think we could move towards 4%. if that is the case, and i do believe we're in a secular bull market and bull markets all the surprises, liz as you know come on the upside, then the economy is going to strengthen and two names we think will play to that is weyerhaeuser which has pretty

good dividend yield. my fundamental analyst in that sector has a strong buy it on it. it probably best play or second derivative play on pickup in housing. the other one is swift transportation which my fundamental analyst also has a strong buy on. looks lake that stock has highs for 30. currently trading around 25. david: jim, you're not taking any chances. you're going for the megacaps, right? >> absolutely, battleship balance sheets, more cash in the coffers, most governments on planet. these are companies you can rely on when a growth oriented environment but when things turn sour inevitably will, at least down 2014's road, temporarily so they will help you navigate the twists and turns reasonably well and still be able to sleep at night. liz: that is what it is about, jeff saut, isn't it? being able to sleep at night but taking a little bit of dry powder and putting it to work. do you have a checklist before you commit money or your team commits money to certain name?

>> i think the overriding theme here, liz, according to dow theory it is primary bull market. primary trend of the market is up. quite frankly that is all you really need to know. yes, there will be pullbacks. yes there will be soft spots. in gull markets, pullbacks are for buying. dividend-paying stocks are the place to be. i think they will be continue to be the place to be. david: let me mention because i don't think we put it up on our screen, when i said megacap stocks, fidelity megacap stocks. fgrtx. ticker symbol fgrtx. jim lowell and jeff saut, chris gersch. good to see y'all. major banks getting a passing grade from the federal reserve. only one failed. awaiting word whether they can start returning cash to shareholders. those greedy shareholders want more cash. who will dole out the big bucks and who will leave investors empty-handed? liz: a blockbuster partnership. i max and, disney.

david: wow. liz: agreeing to release a slew of big movies together, a whole bunch them, including captain america and "star wars" movies. is this just the start for the two entertainment giants and how much does it mean to imax's bottom line. imax entertainment ceo, greg foster coming in with a fox business exclusive. david: these are fun. i love those things. tell us what you think. this is little off the beat. this is incredible. i don't know if you heard the news. disgraced former imf chief dominic strauss-kahn, do you hear this? he is starting a hedge fund. would you invest in a hedge fund run by this guy? he does have a lot of inside information, no question. tweet us, fbnatb. your answers coming later this hour. ♪ [ male announcer ] what if a small company

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see what's new at projectluna.com 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. ♪ liz: following weaker than expected retailers los angeles based retailer earnings falling. david: first quarter coal petroleum on floor of new york stock exchange with details. nicole. >> we're looking, david and liz, guess, a popular brand. today to the downside. year-to-date down over 10%. guess has fallen obviously now victim to what many retailers talked about, to have holiday season or cold winter weather. the stock is down 3.4%.

there is good news and bad news. i think worst part of this news is that the guidance going forward is quite cautious and ceo expects them to remain under pressure especially in north america. not saying oh look, it was a tough winter. we expect to make it up in the spring. on contrary seeming somewhat cautionary tone, revenue fell but did beat the street in latest quarter. other retailers noted that, guess got hit today. with some cautious words. david: hey, nicole. while you were talking, nike numbers came out. adam shapiro following numbers. it is popping to the upside after-hours. adam, what are the numbers if okay. we don't have them. all right. but we -- liz: just want to make one point, david. nike looking at their margins. that is a very important point

and appears -- david: adam has the numbers now. go ahead, adam. >> a beat and a beat david. street was expecting 72 cents earnings per share on revenue of 6.68 billion. we'll jump into the numbers. want to see how they're adjusting for currency issues because the dollar gaining strength is a problem in mexico and brazil and inventory oversupply in china. liz: make a point about the margins here. quarterly gross margin expanded 30 basis points to 44.5%. this stock was moving higher. it is moderating just slightly, david. at the moment it is higher than the last trade of 17 -- 79.27. david: we're looking at nike and banks too. bank stress test has been released. 29 of 30 banks got a passing grade. bring in todd hagerman, stern agee senior research analyst. todd, first talk about zion. they didn't pass. as i mentioned before, bb&t

didn't pass last year and it's a pretty solid bank, right? >> right. it's a pretty solid bank but what you have to keep in mind there is significant amount of concentration risk within the balance sheet of zion. it is overly concentrated bank with commercial real estate, that leaves it exposed to some of the stress scenarios fed laid out. david: i see. >> interest rate scenario and stress on underlying asset classes within the commercial real estate sector. david: it is interesting. after-hours the stock is virtually unchanged. bid and ask after-hours. investors are kind of shrugging it off? >> that's actually quite surprising. the stock has been very strong so far this year. obviously the banks rallied very hard into the close on some optimism with the stress test today. and, but, i, i really think that zions, you will see weakness in the stock tomorrow. very disappointing numbers coming out from them tonight on all fronts. david: now we had john allison

yesterday. i'm sure you know john. he built bb&t up from small regional bank. i think assets increased by 100 fold during his tenure. he of course was very defensive of bb&t as you would expect. he was questioning these stress tests saying that there is too much micromanaging going on. that the fed has its planning procedures that don't necessarily fit with management planning procedures. and you shouldn't read too much into it. what do you think of what john said? >> i actually think he correct. these are different scenarios. they're really have no bearing on reality, whether it's a crisis situation or kind of a baseline scenario, if you will. what the fed is doing, is taking a look at a point in time, some very strategic data, and, you know, stressing a couple of variables but, as we all know, that is really not how it plays out in the real world. as we saw that in the financial crisis. david: yeah. >> it is very easy to do

scenarios with interest rates or shocks on credit quality but at the end of the day, the banks have a very different risk profile today than where they were back in 2007. david: it is impossible to see in the future. you never know exactly how you're going to get hit broadside. by the way, we should mention, these tests aren't cheap, are they? >> the cost associated with these tests are astronomical. astronomical. and, what you're going to see happen is going into 2015 these tests in and of themselves as well as compliance related costs are going to drive m&a activity. we haven't seen m&a activity to any material degree in some time now. this is what is going to drive it into 2015. david: let me put a fine -- this is extraordinary what you're saying. you're saying the costs of these stress tests are so much it may actually bankrupt some of these banks or at least at the very least force them into an m&a

they don't want? >> it is not going to bankrupt the companies by any means but quite simply, they're not going to be able to generate the type of profitability that investors, shareholders would expect. and it is going to put them in a very difficult position in terms of, do they remain independent, or do they seek a merger partner? my belief they will go after a merger partner. hook up with someone with a much stronger balance sheet and much better prospect going forward. that is the design going into 2015. david: todd, very quickly if you can, forgive me for shortening your answer here, anything that you've seen from the results of the stress tests so far that would make a secular -- particular stock in the banking sector a buy? >> the results were stronger than expected in my opinion. bigger banks in particular with different scenarios, i thought numbers were quite impressive.

b-of-a was weak but i was impressed impressed with jpmorgan in economic lar. david: so were investors. thank you very much, todd. liz? liz: david, coming soon to an imax screen near you. disney movies like marvel's captain america an "star wars." we have a fox business business exclusive on the landmark deal with imax entertainment ceo, greg foster? you saw microsoft's stock right, hitting a 14-year high. dow component. trades on nasdaq. widely-held. could this once lagging tech giant leave apple of all names in the dust? we game it out with one of the best tech analysts anywhere out there. a hot new messaging app. not whatsapp. tango is now tansing with -- dancing with one of the biggest internames on the planet. the cofounder joins us to tell us what his app makes it

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liz: break out the popcorn and the milk duds. disney and imax announcing today they're teaming up for the release of some potential disney blockbusters including two highly-anticipated marvel films. "captain america the winter soldier" and "guardians of the galaxy." with us a fox business exclusive. greg foster, ceo of imax entertainment. the avengers too, greg?

this is amazing? >> hi, lies. it really is. it's a blockbuster deal with blockbuster titles and take the brands of disney which is obviously globally reknown and one of the finest brand in the business, combine it with the imax brand and add in the powerful brands of marvel and of "star wars" i think you have something that is quite potent and exciting for everyone. it is great for the companies. it is great for our exhibitor partners and most importantly fantastic for moviegoers, who know exactly what they're going to get now for the next two years in a bunch of i max theaters in 57 countries around the world. liz: let's take one year at a time. 2014. this comes on the heels of 2013, your best-ever box office haul which was what, 244 million. can 2014 best that? >> actually, 244 million was q4. for the year. liz: yeah. >> not that i know it by the penny but it was 726 million to

be precise. for 2013. so this year's looking, it is shaping up to be a strong year as well. always have to be careful because it is magic of the movie business. sometimes things work and sometimes they don't, from a playability point of view. but, today is actually quite an important day. we have "divergent" opening up. we're really excited about captain america and some of the other titles throughout the summer, including transformers 4. interstellar later on in the year which is chris nolan's movie, like transformers which was shot with imax cameras. we end the year with the hobbit and there are many, many other titles. 2014 looks like excellent year. and to be fair, "guardians of the galaxy." we can't forget that. 2015 most feel people at least on paper the less year in a long, long time on the movie business.

you have a bond title. you have a the avengers. you have "star wars." you have all the way through. there is series of movies, people have been waiting for a long time to get their hands on. liz: let me get to, here is the "avengers." as my nine-year-old at the time i just have been awesomized. it was inincredible film for kids and adults alike. avengers two, i can't wait for it. "star wars," j.j. abrams, i was with your ceo rich gell frond at time where jj gave a news conference and said he would not be using imax cameras. kind of dissed them a little bit and said they were too noisy. other movies he will use imax cameras. did that catch your breath a little bit? how do you turn around and say we'll still be having a lost movies shot in imax cameras? >> we have. we have more activity with imax cameras that we ever had.

including interstellar and intruding "transformers 4", including titles we haven't announced yet. you didn't ask me but i will tell you anyway, we are in discussions on "star wars" actually using imax cameras. no formal decision has been made but, you know, our cameras, are very powerful and delivered an experience you can't get anywhere else. there is more interest in our cameras, including from jj who is a great friend of ours, a long-time partner. liz: right. >> and i think, if you just stay tuned, maybe there will be more announcements on some other titles coming forward. liz: you just gave us a hint. let me throw this out at you because it's a fox film, that would be "avatar 2". jim cameron, can you give us a hint on that? >> well, jim's also a great partner. we have a terrific relationship both with jim and john landeau his producing partner.

"avatar 2" and 3 are many years away. jim uses his own cameras. we had a great experience on the last avatar. he doesn't use anyone's cameras except cam ran pace cameras. if jim cameron wants to shoot the telephone book and in imax we're in. liz: i know you about 35 years because we went to high school together, greg. you're coming off "gravity." that is who knew it would have been so great. great to see you. fascinating partnership. stay tuned, everybody. "star wars" episode vii may be shot he hints with imax cameras. greg foster. thanks. >> thanks. david: "star wars" and imax. liz: what a combination. david: that has reviewing potential. great reviewing potential as well. people will see it two or three times. checking in on hotels. ceos of marriott and hilton,

telling us exactly what they are seeing when it comes to consumer spending, the economy and their own performances. liz: plus, sleeper stock is finally waking up, microsoft hitting a 14-year high today. compare that to apple whose stock is down more than 5% this year. with new products expected from both tech giants and if you could only pick one for your portfolio, what's the better play? we have a tough guy watching this one and making the choice for you. ♪ those litt things still get you.

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with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com david: happy birthday, twitter. the site turning eight years old today. come a long way since the first tweet ever back in 2006. the today the site boasts more than 240 million monthly active users averaging more than hundred million tweets a day. -- 500 million tweets a day. they have a new tool look up any use ear es first tweet. check out a few. we have twitter cofounder jack dorsey tweet in 2006. very simple. just settings up my twitter. what about madeleine albright's first tweet? first three female secretaries of state. last to join twitter. better late than ever. billionaire warren buffett, you remember his brief bold to the point?

warren is in the house. and look at how long ago president obama's first tweet was. thinking we're only one signature away from ending the war in iraq back in april of 2007. amazing how much you can say in 140 characters or less. it forces you to be brief and to the point. liz: and they have grown. shares of microsoft suddenly on a growth spurt, crossing over the $40 a share market. that is a 14-year high today but how excited should investors really get about this news? apple is still a formidable competitor even though its stock has stalled. david: for the moment. what is the better play, apple or microsoft or should you avoid both names all together? joining us colin gillis, bgc financial senior technology good to see you, colin. >> great to see you again. you have to go back to the last century to find when microsoft's stock was last $40. it was july of 2000. david: would you wow you actually see both stocks a little overpriced now, don't

you? >> take them one at a time. microsoft, there is a lot of new excitement and enthusiasm with the new ceo coming in. there will be potential for some changes, faster innovation of the company, focusing in on his cloud background. that is the area and piece of the business everyone likes, but, the nokia acquisition is about to close. you know what that is going to bring. lots of expense of the profitless revenue. they need to sort through that. that could be a little hiccup for the june quarter when that deals closes. of course the new ceo will take time for him to turn around the current pc environment where you have had seven consecutive quarters of pc shipments declining. liz: suddenly you have a piece of news that came out earlier this week but microsoft windows will be on. ipad soon. everybody pot got excited about that. it started last week. >> their phone operating civil is really nowhere. getting better but a slow start.

office suite on that their platform to drive users hasn't worked. they can't lose out on that marketplace. they have to bring microsoft, worse, xcel to ipads. that will probably happen in next two vehicles. david: investors like microsoft's new management. but tim cook, there is no loving among investors these days, is there. >> yesterday was the two-year anniversary where they reinstated dividend. when you go back the stock has performed, total return, factoring dividend, down 8% over last two years. liz: is apple more after basic value stock, not a growth stock? >> it is. nine times. it will maybe grow 1% this quarter. liz: it is not a growth stock anymore. >> not at all. that whole back and forth on earnings call, are you growth stock? growth stocks grow quarter over quarter. at very least they have double-digit growth on year-over-year basis. apple is shrugging along with single-digit growth. david: microsoft is not a growth

stock either. >> it's a value play as well. you have to be a little concerned. there is a lot of expectations built into -- david: particularly now because it is over 40. >> correct. they still have the hard work of turning around the pc declines and getting traction in the mobile space. liz: any chance microsoft would spin off the xbox business and therefore start looking more like a gutsy company? >> cloud focus and enterprise focus. ha is what some investors would like. their whole strategy is devices and services. they're buying nokia. why would you spin off, if you're going to be a device company and -- liz: if we could only pick one for our portfolio, apple or microsoft? >> i would say you hold off. you will probably get better entry points on both names because particularly apple is coming into innovation vacuum. product refresh coming in the fall. microsoft, nokia acquisition getting ready to close. david: even if apple comes out with vaunted tv or some other product, right? >> let's say they do the watch, right? if they dot watch and price it

at 299, they need to sell 57 million units a year just to be 10% of revenue. david: wow. >> so, that is the law of large numbers. liz: i phone 6, would that get everybody excited? tim cook says mother load. >> bigger stream. they will sell millions of them but the size apple is -- liz: is there a name you adore right now. >> i like ebay, if you're looking larger cap names, ebay is a great asset. you could have potential of unlocking value in paypal. i have a partners that like ebay, mr. cooperman and mr. icahn. linkedin. i can stomach a high valuation for smaller market cap company really growing at a high, at a high clip. david: colin, you have the best energy in the world. you are terrific. i feel like i have played a set of tennis here. colin gillis. thank you very much. liz: thanks, colin.

david: the chinese e-commerce giant alibaba is a powerhouse planning one of the the biggest internet ipos in new york. why is it investing more than $200 million in a silicon valley startup? which one? we'll be talking exactly to the cofounder of that startup in just a moment. liz: and the world's biggest coffee company, starbucks, has broad you up an alliance with one of the world's best-known celebrities. we'll tell what you is driving this partnership, straight ahead. ♪ [ male announcer ] a body at rest tends to stay at rest...

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♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer.

you just need the right professional to help you take charge. ♪ liz: first a tv show. then a network. now oprah the tea? starbucks has announced it is teaming up with the former talk show host to create a tivana tea. winfrey who is tea lover, personally helped develop the tea along with it. ivana. it has infusion of cinnamon, ginger, and cloves. the partnership was announced at starbucks annual meeting. the tea will be available around mother's day at starbucks and tivana stores. all proceeds that winfrey makes will be given to youth education charities. david: good stuff. liz: yeah. david: weeks after facebook purchased the messaging app, what happens app for

$19 million. chinese intermeat giant alibaba invested in a calling app called tango. this coming days after alibaba announced it will have its huge ipo here in new york. liz: why tango? what sets tango apart? could it be looking to completely be taken over by the chinese company? joining now the tango cofounder and chief technology officer. eric, we just had colin gillis on the set. great get with the tango guy because they know you here in new york. they're very aware of your business. first talk about what you do exactly, how you're different from say a whatsapp and why jack ma of alibaba wanted to be in on you guys. >> tango is one of the leading mobile messaging services and you know we've grown at an incredible pace in the last 3 1/2 years. we now have over 200 million members around the world. we're concentrateed in

north america, western europe and middle east. we take a different approach to the market providing free communications with voice and video and text calling for free. we have a service where people enjoy themselves and look at pictures of friends and family, meet new people and play games together. that approach has worked very well in asia. we're the first to try out here in the u.s. and that is i think, been, very seducing for jack ma and alibaba. david: tell us how you got involved with alibaba. did they buy you because they see you as a value in and of yourself, or, did they see your services as networking nice with their own services? >> well, to set the story straight, alibaba did not buy us. they have invested and taken minority stake in the company. but, you know, we share a connection in jerry yang, the founder of yahoo! jerry has been an investor of the company for a few years and, you know, he introduced us as we were speaking to strategic investors and we really hit it

off. liz: okay. david: but again, is it because they feel that you're a good investment or they feel they can use your services in what they do? >> well i'll tell you that there has been an incredible amount of attention placed on the mobile messaging space. you need to remember these are apps that you just don't download and forget about. these are apps that you check 20 to 40 times a day because that's where you get your messages. i think opportunity of growing mindshare with the consumer quite large. on top of a communications service, what we think we can, you know, grow a network where you can actually discover things you may want to enjoy, buy, spend time with, through your friend and family. that is something very natural. this is a value proposition that we aligned on with alibaba. one they found particularly interesting in tango. liz: the tiling is interesting too. alibaba announced it will pick the nights, new york, as a place

to launch ipo. have you met jack ma? everybody is interested in home him at the moment. >> i did. couple weeks ago my partner and i were in their offices and you know, we've had a chance to meet with all the senior execs particularly with jack. as founders of companies, for us to meet a team that has taken that company so far when it is still privately-held and where the founders are at the helm, very inspiring. david: by the way your cofounder, called alibaba, quote, a disruptive innovator. what exactly is a disruptive innovator and are you the same? >> oh, i definitely think so. you know, today, all right, there are over twice as many messages being sent on services like ours than there are on carrier networks like at&t or verizon. so i think that, really turns the carrier world on its head. i think this is the first of the disruptions to come. already today, we're disrupting the way that games or music get

districted. it is quite natural to find them through your friends or family members. that is what is we allow on all services. i think that looking into the future there are a number of things, along the same lines we can introduce to the consumer market. liz: if they wanted to buy you outright, would you say yes, eric? >> oh, you know, we've got, we're in a great position right now. we have got time on our hand and we're building up value day by day in the company. we have a service that people really enjoy. i'll tell you we use it to communicate with all family members. i think we're just in love what we're building here. we have no intention seeing that change. liz: passion is good. david: looks like you're having a lot of fun. thanks very much for coming on. i appreciate it. congratulations. >> thank you for having me. liz: that's a big congratulations. jack ma, alibaba. after this long winter many of us are so ready for a nice long, warm vacation, right? our own rich edson had a chance to sit down with ceos of two

very problem men hotel chains to talk about their business. rich will tell what they said and what they're looking out for next. david: also what may be a digital currency's largest purchase yet. one buyer dropped about 800 bitcoins. doesn't sound a lot but the equivalent of $500,000 on a piece of real estate. how? we'll tell you. details coming up. ♪ so ally bank has a raise your rate cd that wothat's correct.a rate. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally.

a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. 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: positive news about the hotel industry today. pfc hospitality research forecast u.s. hotel occupancy rates will finally recover to prerecession levels. it has taken this long but this year they do it. liz: our own rich edson had a really important opportunity to sit down with the ceos of hilton and marriott hotel groups. rich, i guess the big question, what do they have to say about the overall industry and outlook for their businesses in 2014? >> growing. there are still headwinds though. hilton's ceo says that there is growing forecast. 2009 and 10 had the largest declines in the hotel business. >> while demand growth has been good, it hasn't been, you know, outrageously good but as a result of that, it hasn't

stimulated new capacity. so you have this scenario where you have this nice delta with demand growing, supply really not, you know, coming on line and not being sim stimulated by a too quick of a recovery. so it, we feel great. fundamentals, i've been doing this longer than i want to admit, 30 years in this business. fundamentals are as good as i have seen them. >> and an improving economy has hilton planning 1100 new hotels, 190,000 new rooms, 60% is foreign. with democrats pushing to raise minimum wage to $10 an hour and republicans pushing bat. marriott ceo says he expect that is debate to have little impact on his company's bottom line. >> obviously faster they go and higher they go with minimum wage there is more of a threat jobs will be lost. at the same time there is political voice out there which says, folks are not making

enough money and it has been a long time since we moved the minimum wage. what do we do about that space? i think that conversation is going to take some number of months, if not years for it to occur. we'll have to watch it carefully. >> we also asked the two ceos what complaints they hear from their friends staying in their hotels. they say they get suggestions on everything from items in or not in the mini bar to till low prevalences and -- preferences. everyone is an expert. back to you. david: everyone is an expert and critic. rich, thanks very much. liz: jellybeans. david: let's go "off the desk." brand new villa off the southern coast of bali exchanged hands forhundred bitcoin. it this appears to be biggest recorded bitcoin purchase yet. took only an hour. seller boasted the transaction would have taken weeks or months having gone through bank transfers. the exact bit to inamount to pay for villa is unknown but it valued in half a million bucks

in real world money. liz: is it a win? we never know with bitcoin, do we. thanks for joining us. it has been a great rally day. who knows what happens tomorrow. david: "the willis report" is now. liz: bye now.

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with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com gerri: hello, everybody, i'm gerri willis. right now on "the willis report", if you or a family member are not on cholesterol drugs, new guidelines may change that. also, want juicier returns from the stock market but not sure how? we'll dig into a hot new investing trend. how do you do that? asking your boss for a raise. we're watching out for you on "the willis report." gerri: welcome to the show. good to have you here. tonight alzheimer's, could the solution to the disease be found inside of