adam: and i'm adam shapiro. president obama raising the stakes as russia starts to feel the pinch from the economic sanctions. cheryl: recalled cars and still for sale? fox business investigates that general motors recall finding used cars still on the market. no rules or regulations there. where is the protection for buyers, and could you be liable if you sold your used car? we're going to get answers from judge andrew napolitano. adam: facebook's mark zucker purring and google's eric schmidt head to the white house to protest those nsa spying programs. cheryl: two million people to sign up and ten days to begin. the countdown to obamacare's deadline as health insurance executives warn of double and even triple-digit premium hikes. a lot going on in this hour but first a stock alert for you right now. could it be the best week for stocks ever? what do you say? adam: i think not the best ever. [laughter] cheryl: well, the s&p we should tell you hitting a new intraday high and on track to close at an

all-time high. the number to watch, 1879. the dow p as much as 124 points earlier in the session, united technology is helping drive those gains thanks to an upgrade from goldman sachs to buy from neutral. goldman says the company is well positioned in what they call a strengthening commercial aerospace after market, and meanwhile downgrading boeing from neutral to buy saying that even small, positive surprises on new orders or new productions do seem unlikely. adam: new company debuts flooding the market. we want to head to the floor of the new york stock exchange and check in with nicole petallides. global force group withdrew its ipo. i thought it was, you know, ipo bonanza down there. >> it is. that's right, global force actually withdrew. they're a cloud-based employee recognition software company. they cited market conditions, so they withdrew their plans for the ipo. let's take a look, though, at some that really went forward if with it including the nyse

network specialty lending up three-quarters of 1% and amber road up 32%, amber road, they do global trade management. great performer there, up 32 president %. -- 32%. and then over at the nasdaq we're looking at a biopharma company doing well. you see a lot of up arrows here, right? up 70%. border free up 24%, by the way, the biopharma treats endocrine disorders, and we're going to keep focusing on a10. we had the ceo on earlier today, and don't forget king digital. that's next week, right? candy crush. so that is going to be huge, i'm sure, at least everybody will be watching. back to you. adam: all right, nicole, thank you very much. cheryl: we've got a new look for you right now, u.s. sanctions leveled on mouse cow are having -- moscow are having a negative impact.

shed almost 2% in today's open. a move which the u.s. and its western allies do not recognize. just earlier the this morning maria bartiromo sat down with ian bremer to discuss those sanctions' long-term impact on the situation this ukraine. >> no matter what the u.s. does, the importance of the ukraine to putin and to the russian people is vastly greater than the ability of the americans or the europeans to mete out punishment, economic punishment. so we're not in a stable place. the russians do not recognize this ukrainian government, and they have relatively good reasons for that. the americans do not recognize, the europeans do not recognize crimea as part of russia which it formally is according to putin today, and we have very good reasons for that. we're not coming to diplomacy here. we're in an impasse, and we're still in escalation mode. cheryl: despite russia's occupation of crimea, i ukraine's interim prime minister

signing a pact with the e.u. adam: turkey tweeting in turkey is now illegal. the prime minister there has instituted a ban on the popular social network as his administration fights corruption allegations. not surprisingly, proponents of free speech were outraged by the twitter blog, but the ruling was less effective than the turkish government was counting on as users are still able to send tweets via text messages. the hash tag twitter is blocked in turkey and is trending. cheryl: there you go. well, president obama hosting a group of high i from file internet ceos at the white house amid growing concerns over government surveillance. peter barnes has the latest for us. >> reporter: hey, cheryl, that's right. later this afternoon the president will be meeting with some top exingtives from silicon -- executives from silicon valley and they, of course, voiced concerns over all these government surveillance programs. a white house aide says the

president's meeting will be a continuation of his dialogue with technology companies on the issues of privacy, technology and intelligence. and this meeting comes just a week before a march 28th deadline that the president set for getting some options on how to reform these nsa surveillance programs. he's asked attorney general holder and some other top temperatureties to give him -- deputies to give him those options by next week. we have confirmed that there will be, for sure, two executives today concerned about this issue, one is mark zuckerberg of facebook, the other is eric. >> schmidt of google. zuckerberg, as you recall, just recently said that he had actually called the president and got him on the phone to discuss these surveillance issues. we can -- but some of the other companies that are also involved in this reformed goth surveillance -- government surveillance effort are not going to be here, spokespeople have told us, including twitter, aol and lunged inn.

we'll -- linkedin. cheryl: peter barnes, thank you. adam: more than three million gm vehicles have been recalled due to ignition-related safety issues. fox business has learned that dealerships and private dealers around the country are continuing to sell those vehicles. jeff flock, who tracked down this story for us, joins us now from auto row in naperville, illinois, with how this all works. jeff? >> reporter: a big surprise to us, adam, but maybe a bigger surprise is that gm is not alone. this is, apparently, a very common procedure for dealers to continue to sell recalled vehicles. i want to show you some of the cars we found that are for sale at dealerships all across the country. they include the most recent recall for gm, the acadias, the pa verses, the enclaves recalled for airbag problems. these are continuing to be sold, many of them sold as gm-certified pre-owned vehicles. gm, when contacted by fox be

business, said they don't have any control over what the dealers do with used vehicles. there is federal law that prohibits dealers from selling new vehicles that have been recalled, not used vehicles. gm spokesman told us, though, they have no control over the dealers, they think dealers wouldn't want to risk the liability, and i quote them now: associated with selling a recalled but unrepaired vehicle. still, it appears multiple dealers will willing to do that very thing. here's the other headline, that is if you run a car fax on the most recently-recalled vehicles, those suvs, i talked about. , it comes up no recalls are reported on those vehicles because there is a lag time between the time they announce a recall and the time that they report the vins, the vehicle identification numbers, to the database. that means when you run the recall, when you run the carfax on the recall vehicle, it comes up no recall. gm says it's looking into trying to speed that process up, but

not to single out gm, all automakers do this as well. best advice is to go to the nhtsa web site which will tell you the make, model and year of a vehicle that's recalled. don't trust the carfax in this particular case. adam, back to you. adam: jeff flock, thank you very much. cheryl: for more on the legal ramifications for people selling recalled vehicles, we're joined by judge andrew napolitano. what do you make of this? especially for consumers, there's no truth in advertising. >> gm has enormous market power with its dealers, and gm could very well insert into the franchise agreement you cannot sell a used gm car without informing the potential buyer of a, b, c, d and e. and if it has chosen not to do so -- and not to pick on gm, none of the manufacturers do that. the rule of thumb is this, obviously, a brand new car you have to -- from a dealer, you've

got to reveal everything. a used car you must answer honest will hi and fully and completely whatever questions are asked, but you need not volunteer anything. so that's the general rule of thumb with respect to a new car, to a used car, even if it's been recalled. adam: my grandfather was a used car dealer, and he might take issue with something you said. what if i'm selling, what legal responsibility do i have to share information with a buyer? >> same as your grandfather did or does, and that is to answer truthfully whatever questions are put to you, but you don't have to volunteer everything. with respect to a used car, the onus is on the purchaser to ask the right questions and to document the questions you're asked. how do you do that? you follow it up in an e-mail. thanks for our conversation today. i asked you the following five questions, you gave me a negative answer to all of them because if there is an injury or an accident or even if something comes up before there's an

injury or an accident and it turns out that fraud was committed in the sale; that is, the seller made a material misrepresentation, triple damages. three times the damages if the seller has that. cheryl: you know, the hardest part is trying to look forward to these lawsuits. we know that they're coming, there's already class action discussions happening even in canada against gm. but how does this part of the story with these used cars being sold, how does that play into the liability that could be -- >> i don't think a federal judge would certify a class of used car purchases against general motors because general motors does not reach into the used car buzz and have control -- business and have control over it. it could since most of the sellers of used gm cars are also new car dealers that gm has strong control over. but it hasn't done so, so i don't think it would be on the list. cheryl: pointed out earlier

today, we were talking about in this, and and he said deep pockets. >> absolutely, absolutely. there's almost always, except, perhaps, if i sell a car to you or you sell a car to me which is just an occasional sale. neither of us is in the business of doing it. with the exception of that, the seller almost always has liability insurance which covers the failure to reveal information. but some of those policies will have exceptions in them for fraud. adam: let me, real world experience. i just sold a car, and i don't know of any problems with the car. what if he comes at me and says, ah -- can i plead i didn't know about this? >> did he ask you about it? >> no. >> if you gave an answer that turns out to be true and accurate, you're off the hook. this wouldn't happen, you gave -- if you gave him a materially misleading answer and his ignorance based on your answer -- adam: i'm obsessive about taking

cower of cars, so i'm in good shape. >> your friend in atlanta -- adam: e got a good deal. cheryl: well, judge, thank you for this as we were going through everything with toyota, you're going to be a big voice on gm. >> happy to do it. cheryl: thanks, judge. another blow for blackberry, now even president obama is thinking about making the switch to an android phone. adam: puerto rico going back to the well. blackrock's peter hayes on the high yield bonds wall street just can't resist, and the money the u.s. territory so desperately needs. cheryl: and there is no doubt tech companies know the way to san jose, but just who is this mystery company planning to build there next? it would be the biggest office campus ever. ♪ ♪ capitato make it happen? that makes it real?

what's a vision without the expertise to execute it... and the financing to make it grow? whatever your goal, it can change more than your business. whatever your goal, it can change e future. that's wh at barclays, our ambition is to alys realize yours. iwe 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.

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 so our business can be on at&t's network for $175 a month? yup. all 5 of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line, anytime, for $15 a month. low dues, great terms. let's close! new at&t mobile share value plans our best value plans ever for business.

adam: well, this is a potentially mase blow to the already-struggling blackberry. the smartphone maker may now st high profile customer, the president of the united states, of course. jo ling kent is standing by with

the story. >> reporter: also with a blackberry, and fife years have passed since obama famously told his staff they'd have to pry his blackberry out of his hands. now the white house is testing devices by samsung and lg electronickings. the white house communications agency says the tests are in early stages and a change would be months away. although obama enjoys reading on his ipad and the apple iphone, they're actually not part of the testing program, and they won't be. and developing news out of blackberry, they're selling most of their real estate holdings in canada. the company says it will sell more than three million square feet of space and vacant land, no disclosure on how much the company is making in these deals. take a quick look at the stock, it's down one and a third percent. so, adam, although the sources are saying it'll be a few months until a new smartphone is okayed for the president, there until

2017, so i'm guessing the blackberry he's carrying around is going to be gone. adam: i love my blackberry, it feels so y2k. >> it does. adam: thank you very much, jo. cheryl: get you both on the samsung bandwagon. time for your west coast minute. microsoft is under fire for snooping into a blogger's hotmail account. while investigating a former employee accused of stealing trade secrets, the company read the e-mails of a blogger that leaked the proprietary information to the public. microsoft is defending itself saying it didn't need a court order to access the blogger's account. with all this, shares of microsoft, here you go, stuart varney, hitting a record high after jeffreys raised its price target to $47 from 42. they've got a buy rating on that stock. the man in charge of the oregon state health care exchange plagued by delays and incop rabbit has -- incop rabbit has designed. a scathing state review of the site found blatant examples of

management breakdowns, overoptimistic targets and poor i.t. work. oregon is the only exchange in the country that consumers can't use on their own. you have to call. and a mystery to tell you about in san jose, california. the city has given the green light to a massive two million square foot complex. only problem? no one knows the name of the technology company, we assume, that will eventually be there. most of the officials and the developer won't release the name, but this is going to be one of the largest silicon valley office projects ever. and that's your west coast minute. adam: taco bell, alibaba. taco bell, alibaba. cheryl: i mean. alibaba, that's a good test. adam: coming up, a 10-hour search this the indian ocean and still no sign of that missing plane. the next steps for malaysian airlines flight 370. cheryl: two million people, ten days to go. the last minute celebrity push as the white house tries to meet its health care goal sign-up. adam: and check out energy

prices, oil bouncing back. ♪ ♪ up. 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.

if ...hey breathing's hard... know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate.

these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. does breathing with copd weigh you down? don't wait to ask your doctor about spiriva.

adam: earnings watch, tiffany and darn in the glean after reporting hess than stellar reports --

less than stellar results. >> interesting reaction today, a little back and forth, as a matter of fact. tiffany up three quarters of 1%, darden restaurants up 2.6%. stephanie came out, turns out fourth quarter sales saw increases, so that was some good news. they are also, now, the top line. underperformed wall street's expectations. you do see the stock slightly higher. they did post increases across the board globally, but they are facing some tough times ahead. they are working on a stock buyback. darden, parent of olive garden, longhorn steakhouse -- red lobster is the weak link. they're well underway if trying to spin that off. up 2.6%. back to you. adam: thank you, nicole. cheryl: victory for the democrats or fuel for the republican campaign fire come november. yep, we're talking about obamacare. ten days left for enrollment. huge celebrity push out there. numbers not, by the way, at that seven million goal. premiums likely to to double in

parts of the country making republicans giddy says elise i have beck, reporter with the hill. they are in massive spin control here, and do you think they're going to make it? >> make it to six or seven million? we'll see. we know that they're above five at this point, their original goal was seven. they say now that they could potentially make it to six. i wouldn't be surprised if they did given the momentum over the last couple of weeks, but i think it remains to be seen. and remember, march 31st is the deadline, but we're going to have to wait for a couple of weeks after that to see how many they got. cheryl: we can't get a clear number on who has actually paid those premiums. the administration is very open with the fact that they've got x amount of people signed up, but when you ask have they paid for those premiums, they won't tell us. do we have any sense of what that number is? >> we do. in fact, industry tells us it's between 80-85% of people who

have now activated their coverage. now, i would argue that it's really the unsurer's job to make sure people are paying. whether the administration should be counting those people that have enrolled is an open debate. insurers need to be going a after those people because if they start trying to use their medical coverage, they'll find out pretty quickly they are not covered unless they've paid that first bill. cheryl: we have this debate about the fact that costs were not adequately addressed, tort reform, that wasn't a meaningful piece of the legislation. but if you look at the projections we have for health care costs going into the future, the numbers are stag oring, and i want to show this to our viewers. the overall projection for health care in 2022, that per capita tells me that the insurance companies are dwowpg to have no choice but to begin to double and triple premiums start anything 2015 and beyond. do you see this administration trying to push back against that? >> well, the administration

can't deny insurers the ability to raise their rates. that is up to state insurance officials, and so there could be a lot of state officials out there who say, listen, these increases are way too high, you guys can't do that. the administration will also try to message against those insurers who try to raise their rates substantially. certainly, increase in health care costs is no big story in this country. what we're seeing is an aging baby boom population that is going to drive up health care costs substantially apart from the affordable care act, so i think it's a changing health care world here, and certainly the administration needs to be ready for those anecdotes about negative impacts of the health care law, particularly on premiums in some parts of the country. we know that some of those hikes are coming, but they have not been able to answer for those so far. cheryl: i think it was about 40% right now enrollees are between 18-34. that is not what we need. 40%, elise, i mean, that's got to be a major, you know, issue for the administration right now, whether they're admitting to it or not.

>> yeah. actually,40% is higher what i heard, i heard it was about one this four, in fact, which insurers will say publicly they're okay with that, but privately they're very concerned. i think in this first year everyone expected it to be rocky, maybe not this rocky given the botched rollout, all of the delays to the law's enrollment patterns and the rollout, but i think we'll have to wait and see what happens in the next couple of weeks, whether insurers can pull it out, the administration can get those young people into the risk pool. cheryl: thank you very much for chiming in. we'll see if richard simmons and jennifer lopez can help. singing cats. adam: i hate cats. get a single dog, that might be -- cheryl: well, we've heard of golden parachutes, but this one takes the case. the outrage for the time warner payout after only six weeks of work. adam: and are municipal bonds a

better bet than treasuries? that's the call from the world's largest asset manager. we're going to hear the case straight from mr. peter hayes, the firm's head of municipal bonds. fitch affirmed the usa's aaa rating. ♪ ♪ those litt things still get you.

cialis tadalafil for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet helpsapproved to treattime the msymptoms of bph, like needing to go freently. tell yr doctor about all your medical conditions and medicines, and ask if your heart is healthenough for sex. do not take cialis if youtake , as it may cause an unsafe drop in blood pressure. do not drinklcohol in excess. side effects may include headac, upset stomach,

delayed baache or muscle ache. to avoid long-term injury,gety if you have any sudden decrease or loss in hearing or vision, or any allergic reactions like rash, hives, swelling of the lips, tongue or throat, or difficulty breaing or swallowing, op taking cialis and get mecal help right away. ask your doctor about cialis for daily use and a free 30-tablet trial.

cheryl: want to turn your attention to the markets now. what is happen together dow is interesting. we cut the gains more than half since frankly at top of the hour and we're still losing ground. intraday chart, 16,367. at one point the high was

16,456. we're having a turn around on the markets. we'll see how the afternoon progresses. s&p turning negative, just now floating into the negative. it has been kind of flat-lining over the last few moments and now barely into the negative. also markets may move in a few minutes. we'll hearing comments from dallas fed president richard fisher. that is in the next 15 minutes or some we'll bring you headlines and see if there is any market reaction, adam, to all that. adam: want to update you on the developments in the search for the missing malaysia airlines flight 370. now in its 13th day. they're calling for more aircraft and satellite surveillance looking for debris in the indian ocean. air crews are scanning the ocean surface with binoculars, of low-flying aircraft, focusing on a 1500-mile square off west coast of australian capital of

period of time. so far there are no signs of the missing plane -- perth. they're using search of west of malaysia. so far the search for the jetliner has got 2 1/2 million dollars to daae. the agency confirmed it allotted $5 million to help in the mission to find that plane. cheryl: adam, we're looking at bank stocks right now. because they're mixed as you can see on your screen. mostly higher after 29 out of 30 of nation's largest banks passed the stress tests. these are the one that is passed, bank of america, jpmorgan, wells fargo. you have citigroup here. watching all the names, goldman sachs, proving they can weather extreme economic conditions. that is good news. but let's bring in regional bank zions. because zions did not meet the central bank capital requirements becoming one company that failed this year's round of stress test. i want to give you a look at how zions is performing. certainly the stock gained over

the last year. the company has been improving as far as shareholders go. according to the fed, zions still has work to do. they will fed and treasury. the stress tests are certainly capping off a positive week of news for the financial sector. they are benefiting from fed chair janet yellen's statement signaling interest rates could move higher over the next 12 months. that is something the financials will watch. we want to keep eye on the market as well along with the banks today, adam. adam: cheryl, the united states is back in fitch's good graces. the ratings agency taking america off watch negative reaffirming the country's top aaa credit grade. blackrock says investors should turn to muni bonds over the government's debt including 10-year treasurys. he joins us now. peter, are. why are munis returning a better yield than the u.s. 10-year? >> i think there is a couple reasons. one is selloff last year,

created a lot of value in asset classes particularly outside of treasurys when rates rose so much. beginning of the year, flight to quality trade. u.s. treasurys are the preferred asset class when there is fear of global tension fake taking place in the world. the stress taking place to some degree with the russian crisis. i think 10-year treasury yields are a bit artificially low here. muni yields have not kept pace in falling. still a lot of values in munis relative to u.s. treasurys. adam: retail investors are catching on. we saw $1.7 billion flow into muni bond funds. 15 billion new debt issued by sellers. will this continue or will we see that slow down in march and april? >> that is a good question. i think flows will continue. i think there is greater focus what tax laws changed last year and the fact that the interest on municipal bond is tax-exempt. so i think as people are sitting down with their accountants and looking at things like the

affordable care act, creating that 3.8% tax surcharge which the interest is exempt, that is creatings an element of increased demand here. fund flows i think stay. more problematic area is what will happen with supply. you're right, we saw increase in supply over last couple weeks. going forward we don't really see that. typically we do this time of year. fundings last year were a big part of new issue supply where issuers refinancing debt into low interest rate environment. not seeing that this year. that is the part, we don't, next 30 or 60 days we don't see materializing. adam: do you see any problems that puerto rico sold its 3.5 billion in debt going forward? just recently, they will use some capitalized interest, money from the proceeds to pay the coupons on these bonds. that would indicate that they don't have the revenue to service this debt going forward. that seems to me a huge problem, is it? >> completely agree. i still -- fundamentals have not changed.

yes they got the deal done. they got it done at a deal lower than the market had originally anticipated but i still think the fundamentals have not changed and you're right, this is a telltale sign they have bigger issues with their balance sheet and their cash flow. they use ad lot of this deal to pay and fill the gap that they were missing for some of that cash flow and they're going to continue to use to pay the coupons on this bond. so i think they have bigger problems ahead. the bond originally traded up quite a bit. they're now trading slightly below the original price. when i walked in here to talk to you, adam, a few minutes ago, they were trading slightly below where they came in the original issue. adam: right. >> to me investors i think are catching on to the fact that the long-term prospects remain the same for puerto rico. perhaps they bought themselves some time. i think time is the key question. how much time. adam: maybe a week. peter haze, appreciate you joining us. >> thanks, adam. cheryl: peter, he's great. everybody wants their golf swing to be on fire but not like this. the clubs that you need to know about that are causing sparks.

adam: i would take up golf for that. sure shot, the company behind the latest spin on air hockey. this is the coolest thing since cheerios. a life-sized version with human participants and they want your help. ♪ ♪ [ cows mo] [ sizzling ] more rain... [ thund rumbles ] ♪ [ male announcer ] when the rld moves... futures move first. learfutures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ on thinkorsw from td ameritrade. on thinkorsw iwe 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. 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 so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally.

cheryl: here's this hour headlines in the fox business brief. vest is a and mastercard have stopped servicing the credit cards of customers using seven russian banks. the companies say the move is in order to comply with the u.s. economic sanctions after the russian annexation of crimea. mt. gox reducing total number of missing bitcoins from 850,000 to 650,000. the tokyo-based bitcoin exchange said it found 200,000 bitcoins in a wallet it no longer uses. mt. gox was shut down last month and filed for bankruptcy projection. media general is buying lynn media that breaks down to $27.82 a share t creates the second largest tv broadcasting companies in 46 markets that reach as quarter of all households. that is the latest from the fox business network, giving you the power to prosper. give we'll be right back.

adam: only way so describe this is downright cool. this is the latest in extreme sports. everybody loves playing air hockey and air played is taking that to the next level. the startup create ad life-sized air hockey ring rink that humans can play on. he joins you now. this is really remarkable, people play on ice but on a floor that essentially uses air to elevate the puck. you get incredibly fast shots. tell me more about this. >> hi. well, thank you. yeah, so we keep came up with the idea about 15 years ago, only because of the increase in extreme sports being adopted. we wanted to create this air size, or nfl-sized rink powered by air to elevate a puck and have a lot of fun and a have a lot of fast game play. cheryl: where would you have the

rinks? are there empty rinks around the country that might be converted to this? is that kind of what you're thinking. >> so two things, we originally thought of creating this for your backyard, right? so you can invite your friends over, plug in your ipod, into the, into the rink itself, turn on blowers and turn on lights and play hockey in venice beach and los angeles. the more we have discovered that, there is probably a sport for this. so we planned on launching this in a, in a big stadium in the detroit area. adam: so now you've been, a kick-starter? you've been raising money to bring this to market. you're actually negotiating, is it a pay-per-view package where people can watch games on the air hockey, i don't know know, the air blade network? >> no. i'm not sure about the air blade network. we contacted the people who launched arena football league. we contacted the people who launched ufc we thought the best

route to market adoption, the quickest route would be to do pay-per-view events. so that took about six months to knock down those barriers. we actually have a signed contract to have them distribute the show live to 890 million people in canada and the u.s. -- 90 million. cheryl: i know you've getting private investors involved. as adam mentioned you've been on kick-starter. what is your pitch? if somebody is watching right now, what is your pitch they should put money into this venture, air blade? >> well, i got to tell you something, like when the arena football league started, we own intellectual property for the football, goalposts and field itself. we invented something that doesn't exist today and it has not been an easy route, right? the engineering to drill 2.2 million holes in nfl sized, have the right air pressure sure, static pressure sure, the right amount of technology needed that and engineering, you know we have talked to people

from like the university of michigan school of engineering, fluid dynamics professors. a lots gone into that. so we've done all the hard work. cheryl: okay. >> we have done the infrastructure. cheryl: maybe you can shorten that pitch a little bit. because it looks like a lot of fun. adam: looks like a lot of fun and wish you the best, because it is not only cool but i can't wait to see what you do with foosball. mark, thank you very much. >> thank you. cheryl: so mastering the art of gift giving. with a few clicks the online service using thoughtfulness of personally chosen gift with convenience of a gift card. adam: bracket busted? you're not along. overwhelming percentage of college basketball fans have warren buffett laughing to the bank. he owns the bank. ♪

up. 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.

adam: it has been a wild ride on the markets. the s&p hitting a new intraday high, a record high, but then backing off turning negative and holding there. we're hearing now from dallas fed president richard fisher who is questioning the core of the fed's current approach and whether or not rate guidance from the fed is just a passing fad. fisher is a member of the fed's policy panel this year and is one of the u.s. central bank's most hawkish policy make years will be interesting to watch him in the next meeting. adam: yep. cheryl: well the anti-gift card. one startup has innovative idea to give the gift of select hundred without the price tag. loop and tie is based in austin, texas, and featured at south by southwest this year. we have the cofounder here in our studio. got quite a reception at south by southwest. that is no easy feat. >> we were excited to be included in the lineup there and we presented as one of 10 other

startups part of capital factory in austin. cheryl: what is the response? are you getting funding? are you getting deals being made? what? >> the response is great. to give you a sense how loop and tie works, we built a way to send fantastic gifts without having to shop. when you don't necessarily know what you want to buy for someone but you want to send something meaningful and impactful, all you need to do is go to our site and enter how much money you want to spend and enter your email address and you're done. each person gets email and picks out what they want to see. adam: cuts out potential of losing gift card or never use night maybe it's a restaurant you never go to and forget you have it. we want to mimic the process taking someone shopping. they can walk into a store. pick out anything they want to receive and, get something that is meaningful for them. cheryl: what about, always a hard part for anything you have a great idea but it is production and manufacturing. how do you make that happen?

that seems to be always where a lot of great ideas get stalled. how do you handle that. how do you liver? >> absolutely. we built the system and work with a group of fantastic suppliers and carry items artisan crafted from all over the u.s. we find artists with real interesting products you would not find at your typical store and cure rate them and curate them. cheryl: price point, we know what things will be costing. owning a business out there right now and thinking of gifts for clients. what do you think i'm going to pay? >> we have four price points. 25, 50, 75 and $100. what you touched on with business-based gifting is where we think we can be most impactful. often when you send a gift to client you don't know what they love and don't know what to pick out and takes time. cheryl: a thank you gift. we have a great ceo on the show. thank you so much for your time. no, here is some flowers. >> yeah. cheryl: i would assume though, that you're looking to, maybe, i

mean, has anybody approached you about maybe partnering or -- >> more requests have come in but where we've been particularly helpful is with luxury apartment complexes. so a lot of buildings give move-in gifts to residents and want to welcome them to their community and give them a nice first impression. we're a great way way to dotheyt mails and they're done. every person can pick what they want. cheryl: we'll keep an eye on you. thank you very much. sara rodell, cofounder of loop and tie. adam to you. adam: are you watching ready for this, spores minute on the ocho. where there was already two big upsets. 83% of the brackets in the billion dollar challenge are out. running after 11th seed, dayton, dayton, upset ohio state in a last-minute nail-biter. harvard, 12th steeded, lead on the hardwood and classroom making quick work of cincinnati

in 61-57 victory. third-seed duke having a tough time, huh? against 14th seed mercer university. and neck and neck halfway through the second half. 6th seed, baylor jumping out to 29-16 lead at nebraska at the half. look tonight with kentucky which began the season ranked number one. 8th seeded gone gonzaga, takes on 9th seeded oklahoma state. both teams look to redeem themselves after earlier than expected tournament exits. everybody wants their golf came to be hot but not that it start as fire. fires broke out investigators determined that the titanium plated clubs used at rocky dry courses are the culprit. when the clubs in question are swung in grazed hard surfaces, hot sparks are produced. the fires started when the sparks came in contact with dry shrubbery. cheryl: that is one way to get

your golf game going. how is this for a golden parachute? adam: eye-popping payoff for time warner cable's ceo after just six weeks of work! they still haven't shown up at the apartment to connect your cable. we get the bottom line with liz macdonald next. ♪ yle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today.

sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.

cheryl: robert marcus, became ceo at time warner cable six weeks ago. after agreeing to sell the company to comcast he may walk away with a $80 million golden parachute. let's bring in liz macdonald. >> is this ceo version of march madness? like pay for what performance, right? remember the january, remember when decastro at yahoo! walked out between 88 million and 100 million. rock bettered marcus is walking

out with 80 million. decastro is making $250,000 a day, spent 14 months in the position. this guy spent a couple months, watch this, getting anywhere from a million to two million bucks a day. robert marcus helped to sell a company which triggered a clause where he get as payout. cheryl: shareholders will have a filth. you can't tell me they will have backing? >> doesn't feel like the 1990s all over again, when you look at largest golden parachutes and what jack welch, lee raymond. these are executives that were there for decades. jack welch with 420 million bucks. lee raymond, exxonmobil, 320 million. they were there for a really long time. adam: how long was this guy marcus, despite terrible customer service and despite tech techs never show up on time or ever how long -- >> he was a cable vet but ceo -- adam: six weeks.

>> what is key here important for the story. it triggered the clause for when the company is sold you get the golden parachute. you look at other golden parachutes when they sell their company? look at steve wynn, could walk out with 240 million bucks if he sells his resort. >> he will die as ceo of wynn las vegas last. there will be a lot of backlash against this story. >> march madness brackets for ceo pay right now. cheryl: liz, mcdonald, very good. >> what performance. cheryl: are you watching basketball? >> no. cheryl: adam, are you watching march madness at all? adam: no, we're watching melissa francis getting a million dollar payout just saying hello. >> who cares about basketball. thanks, guys. money is on ceo lert as techs clash with the president over cyber snooping. what role did they play in the

drama. the world turns its back on russia an invasion in other parts of the ukraine could be imminent. we're going live to kiev because at the end of the day it is all about money. melissa: big presidential powwow planned at the white house in about an hour. tech ceos including google's eric schmidt and facebook's mark zuckerberg, meeting with president obama to voice concerns over government surveilance t has been a week since zuckerberg called out president obama to complain bit. here to talk about it, cybersecurity expert, a ethical hacker and charlie gasparino and tom sullivan. what i love about the story is the mock outrage on part of the tech ceos. you have the nsa has a venture fund where they invested in companies to partner, to do this surveillance, to go in, right? >> absolutely. i think it is mostly a charade right now. melissa: on both sides? >> on