deirdre: no i will ggle it. i do know you have something pretty cool coming up there. is a big hbo starting and you have the vp? melissa: "silicon valley," one cast member an executive producer. excited about that did you know it is easier to get a job at goldman sachs than at walmart? i'm not kidding. that is true. what does that say about this jobs recovery. hitting a little too close to home. the tech world not so happy about the hbo show "silicon valley." we'll hear from the show's producer and star on fox business. new york mets player annihilated for taking pa ternty leave, three days off t was three days! pitting fans against family. even when they say it's not it is always about money.

melissa: so on jobs day, here is food for thought. it is now easier to get a job at goldman sachs than it is for walmart. what does that mean for the jobs market going forward? here our very own charlie gasparino, along with economist, michelle girard and peter morici. welcome to all of you. there is up tick in people working part time. how you make the whole goldman, walmart thing make sense i don't know. michelle, what do you think? >> that up tick follows two months of decline. those numbers are also volatile. but i do think you're right. it speaks for the fact, vast many of individuals, who may be on lower end of educational attainment or age, they're still struggling, looking for work. as you said, in establishments like a walmart where there would seem to be plenty of opportunity there is just not enough jobs being created to really put, so many people who are looking for work back to work. melissa: gentlemen, i will ask

you, goldman has 23 applicants versus opening per walmart with 38 per opening. peter morici. that is quite a commentary. >> the people who would work at goldman is much narrower than walmart. the guy went to college up state new york, kind of a non-descript place, look a liberal arts degree in sociology or economics. many of them work at baristas at starbucks of the pool of people available because the economy grown so slowlily and created few jobs just overwhelms the starter positions. melissa: that's right. go ahead, charlie. >> what excuse the numbers, to work at goldman sachs you need to understand how to rip off your clients. melissa: come on! i do not condone that comment. i do not. >> i can absolutely back that up. there is something called abacus that i can show everybody. melissa: oh, my goodness. >> to be serious about this i am partially serious about the goldman sachs because there is

culture there taking advantage of clients which may or may not skew job applicants but what is scary about this economy, how slow it has been for the average person, the recovery has been. this is, i remember, old enough to remember when ronald reagan left office, the left-wing-media went at him tooth and nail how the rich got richer and poor got poorer and middle class caught in the middle. that is the obama economic recovery post-2009. he would say because of the fincial cris. i would say and i bet you peter would say this as well, if you heap this much destimulative fiscal policy, obamacare taxes businesses won't hire as fast. melissa: michelle this, also speaks to how unpopular it has become to work on wall street. after the financial crisis fewer people want to go out to work for big banks. i hear this all the time, the young, really smart kid getting out of school, looking to make a fortune are going to silicon valley and not to wall street, right. >> well the whole compensation structure on wall street is

changing and certainly very difficult regulatory environment. the whole landscape is shifting. i think you're absolutely right. these bright kid coming out of school see there is much more upside elsewhere. i want to make a point, with what peter said. we have be about doing work here. we're talking about people looking for a job and having difficulty. we spend so much time talking about older workers. building what peter said, we've done a lot of work. it is very difficult for those recent college graduates with no work experience to get a job. melissa: yeah. >> the fact that you don't have any work experience, unemployment rate for those youth individuals, new entrants is still very high. gone up since the recession. >> i agree. the irony here is how much of the young voters voted for president obama with policies that hurt them the worst. i would say this about, theresue going to silicon valley taking tech jobs versus wall street jobs, with technical mbas or technical degrees. part of it is what i brought up earlier about the notion that

wall street has been tarnished so much. melissa: it has. >> popular notion that some of these firms want to screw everybody. i mean, some of that is overplayed. some of it isn't though. melissa: peter that is pretty staggering. walmart has 38 applicants for every open position. it is not a bad job. all jobs are good jobs but it is not a great job. 38 applicants is that staggering to you? >> not because one out of six adult males between 25 and 55 doesn't have a job and very few prospects of finding a job. we have as many jobs as we had when the recession began. the trouble is the population has been growing for five years. melissa: okay. >> as a consequence we have millions of people that haven't worked in a long time and are only capable of going into those jobs because of lack of experience. melissa: okay. we've got to go. thanks to all three of you. we appreciate it. look how the nasdaq is trading today. how the jobs report is impacting markets there. jo ling kent is at the nasdaq.

>> melissa, nasdaq is down almost 2 1/2% right now, not doing too well. the big dragging stocks of the day so far, biotechs. take a look. couple of these are down quite a lot, over 10%. social media stocks, facebook down, twitter down, linkedin, yelp is also down. we're looking basically at a lot of momentum stocks that hit highs earlier last year. investors clearly a little bit skiddish wondering if this is the safe place to be. bond are doing all right. the only sector in the green, is utilities, clearly a safe place for investors. melissa, back to you. melissa: jo, thanks so much. for a different type of fat cat. bond king bill gross dedicated to his most recent investment letter, to his dead cat bob. think about it for a second. has he lost it. charlie gasparino and peter morici are back. we talked about bill gross lately. stats are staggering. 11 straight months of the outflows. his performance lagged 95% of

the hess peers. in the midst of all this turmoil he dedicates his most recent letter to his dead cat. charlie. >> we think dr. keith ablow here. melissa: right. you're right. this is all wrong. >> okay, you want my, i'm kind after shrink. melissa: yeah, go ahead. >> you know, listen, i don't know. this is very perplexing. it, i mean i'm trying to be serious here. we should point out his cat bob, is a woman. melissa: not a woman. it's a female cat i think. very close though. on that note, let me move over to peter and move away from charlie as rapidly as possible. >> that will be on john stuart monday. melissa: i often ask her about a recommendation -- >> her, bob. melissa: this is the cat. she frequently responded one me yow! for no, two meows for you bet. less certain about interest rates but never hurt to ask. this is in his note to investors

peter, yes, go ahead. >> if you still have money at pimco, maybe time to pull the rest of it out. if he thinks he can be that frivolous. he is in an unfortunate situation. everybody has losing streaks and he has had one. >> right. >> unfortunately he has to turn things around at a time when people are very bearish on bond because they expect the to sooner or later, more likely sooner, early 2015, which is not that far away in the bond world to start raising interest rates. >> right. >> they're tooking the foot off the pedal on quantitative easing. everybody is expecting bond prices to rise. you don't buy into a bond fund until after they have risen. discuss me, after they fall. excuse me. melissa: aside from sleeping bob loved nothing more than following me room to room making sure i was okay. it got to be a little much at times especially entering and exiting the shower. >> shows you the guy is out of ideas and has problems this unfortunate. i don't think that is very serious thing to send investors.

>> this is little too much information about him and his cat. melissa: too much information. investors gobbling up grub hub as it debuts on wall street but our next guest says, watch out. this is case for why ipos may be the next bubble to pop. it is called the next on the tourrage, the producer and star of hba's silicon valley here. i can't wait! >> this is come con valley, not paris, texas. i ys say be thman with the plan

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2,000. that's ominous. what do you think? james, can you hear me? all right. i don't think he can hear us, guys. james romelli, what should we do? let's go to nicole petallides who i hope is on the floor of the new york stock exchange and is looking at shares of grub hub as they open today. nicole, are you with us? all right. let's take a break and get organized. we'll being be right back. coming up another spoof article bit onion, named larry ellison the most punchable ceo on planet. got us thinking. which ceos would be on the list. don't punch anyone though. we have a first on fox business exclusive with guys from "silicon valley." some are saying their portrayal is strangely accurate. >> what we're trying to do, well, you remind me of my son.

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melissa: if you're a ceo who made six figures last year, prepare to feel inferior. a new survey of s&p 500 companies finding the average top exec rakes in a cool $10.2 million in 2013. that is a 13% hike from the year before. sound pretty rich. if you bet on these guys with your money, you probably have no reason to gripe. companies headed by these high rollers, enjoyed impressive 33% total return. >> companies like twit remember not altruistic. they're not charities. they're nasty, conniving, scheming, individuals who run these companies. melissa: that was our own

charlie gasparino teeing off on twitter ceo dick costollo a few months back. we at "money" don't condone dust-ups of any kind with anyone. putting oracle's larry ellison on their satirical list of most punchable ceos. we never take a swing at any of these guys. charlie gasparino and capitalist's pigs jonathan hoenig calling for again till snub. >> i don't believe any in sort of violence. they want to kill me, these guys. melissa: well, there is that. there is that. >> i don't blame them. melissa: jonathan, who is on your list? who is on your list? >> medical list sat fact that ceo makes $10 million in a free economy has no impact on me. melissa: no. >> what has i aming pack on me when government gives ceos money. ceos on my list of all companies received company handouts, large jess, doctoring

largess and tesla and aig. melissa: elon musk. >>ing of. elon musk paid back 400 plus million dollars that sets up this legitimizes this notion that government should be making investments in private companies. same thing with aig. i know the government made profit on those invests but that create as moral hazard next time around. melissa: i hear what you're saying. elon musk said they were giving away the money at a cheap rate? i didn't need did. >> because he got morality and ethics and doesn't want to start a company on taxpayers backs. melissa: okay. charlie gasparino. >> i don't want to punch anybody. melissa: of course not. we never imagine you in any dust-ups the of any type. >> see what happened with a angry wall street guy yesterday. melissa: really? >> after the break. melissa: that did sound interesting. >> you know, listen -- melissa: got dick costollo on your list from twitter. lloyd blankfein from goldman. how come? >> i don't like costollo, they

ran this very managed ipo it was total bs because they only did one station, brand x, across the way. melissa: not familiar with them. >> and, you know, total softball questions. they only allowed that. so i don't like costollo for that, for not manning up and doing -- melissa: facing you on television. lloyd blankfein. what is that? you have something against goldman today? >> i just despise goldman sachs. lloyd is nice enough guy but i think he runs kind after crummy company. melissa: larry fink. >> i love larry. melissa: he is like your buddy. >> here is the problem with larry. melissa: okay. >> he runs around telling everybody he doesn't want to be treasury secretary and everybody knows he does. then he goes out and on his board, he appoints cheryl mills. you know who cheryl mills is? melissa: yeah. >> hillary clinton's top people, right? melissa: right. >> she knows nothing about finance. so he puts her on the board of the biggest money management firm in the country. melissa: okay. >> that is so blatantly

political. i don't want to punch larry. i want to buy him a drink. i want to know what needle is sticking out of his arm appointing cheryl mills to his board. melissa: onion has jeff bezos on the list other than to laugh. scope of influence, public image, income and general physical appearance. own one said that, not me. >> our country, melissa, has terrible tendency to cut down the tall poppies, australian phrase to cut down people of achievement. people who succeed and people who brought in innovations like jeff bezos, like financiers. >> what do you think of larry fink making all the money from the tarp bailout and everything. is that achievement. >> i'm against it. that is not what i'm leading with, i'm against all government largess. >> you want to punch him? melissa: no punch any one. money is flying around the world, starting with china where

stress tests will be carried out on banks. investors are seeing near panic after spike in bad debt. china's main regulator said china should not hide the true scale of bad loans and tests will be carried out in timely manner. over in crimea, mcdonald's suspended work at all its restaurants because of quote, operational reasons. yes, fast-food empire will try to support staff there and relocate some of to ukraine if they're interested. landing north of the border in montreal where thousands of people are flooding streets to protest new austerity measures. angry citizens say cuts to public service will damage society and big business and rich should be paying their fair share instead, whatever that means. around six people were arrested in that enormous crowd. melissa: major mover today, grub hub debuting on wall street coming amid a booming ipo market. number of ipos is double what it was last year.

is an ipoble brewing? our next guest says yes. this is familiar to me. i think i read this before. james romelli from the cme we had a little technical problem but i think you can hear me now right. >> yes. melissa: praise the lord. it is frightening to me we have the same, last time we had this many ipos to kick off a year 2000. we all know what that means. that is when the bubble burst. >> right, absolutely. i think even more concerning statistic is the fact that 65% of the ipos that priced this year, were from companies that have never turned a profit. now in 1919 to 2,000, that number was a little higher, around 75%. but i think we're seeing a lot of very young companies being rushed to the market when we see stocks trading at all-time highs. they can grab the questionable valuations. performance of ipos have been very good this year. on average they have been up 25%. past two weeks the performance came in. we saw disappointing offering

from king, the make you arer of "candy crush." one story is not to pop ipo bubble and but it gives bears a case to short stocks and become sellers especially if we see froth in the market like weir seeing today. melissa: you see something like grub hub exploding today and they come out with a market cap of $2.8 billion. they made $1.6 million in the last quarter. i know people who made $1.6 million in the last quarter. i don't, i mean their market cap is 2.8. it makes me feel like it is very bubbly here, james. i will give you the last word. >> right, absolutely. valuations are so stretched in the market as a whole. these stocks are the ones that have the most stretched valuations. even a minor correction in broader equities is going to send these stocks tumbling lower. they're very, very dangerous to be long here. they're very stretched. while they can continue higher for a while here i think the bubble has to pop eventually especially with a correction in the broader market. melissa: james, wonderful to

hear your voice. i'm glad you could stick with us while we got problems ironed out. >> thank you. melissa: it's a new show that has everybody buzzing, hbo's "silicon valley." we have the executive producer and star in an interview you see first on fox business. in california cops will not be happy with this one. today's installment of who is making money and who is making off with the doughnuts, coming up. ♪ when folks in the lower 48 think about what they get from alaska,

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does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or wn your compan's bought another? is it over after you' given back? you never stop achieving. that's why, at barclays, our ambition is to always realize yours. melissa: i want to show you the markets here because we're getting slam to end the week here. the dow is down 114 points. in there consumer discretionary is one of the biggest drags on the back of that jobs report. we're also looking at technology which is getting hammered today. take a look at nasdaq, it is down 2 1/2%. look at that down 106 points. big move in the nasdaq. keep an eye on that.

shares of google in there taking a hit as it halts production of one of its google nest products. colin gillis on the trading floor right now. first off, what do you think of the selloff today, colin? >> melissa, it is pretty impressive. we're seeing a lot of tech names taking material pullbacks, particularly more expensive names have been continuing this trend. makes me wonder what we'll get on monday. there has been historical trend to buy the dips but this feels like it is a little bit more negative than that particularly what we could head into a softer marquardter. melissa: why do you think that is? is it related to the jobs report? is it something else? >> i think there's a school of thought out there we're close to peak margin for a lot of these companies, right? the jobs report, just, that's a good number but we are stuck in this, likely forthcoming tightening cycle. where we had the easy money

cycle came to an end and harder cycle is coming in front of us. melissa: in nasdaq there is a ton of bloodletting in technology today. google getting hammered with the market along with everything else. also they have the report out problems with going get negatively, the smoke alarm, if you wave your arms, it was a good feature to turn it off quickly. instead you wave your arms and malfunction and not go off at all. do you think there is opportunity in google today with it getting hammered? >> first off in terms of nest, you have a device north of $120, that you could also buy a $10 widget with not the same function gnat. this is concern with whole internet of things, right? we're seeing it today with the nest product recall. wait until we get driverless cars. melissa: okay. >> nonetheless they're coming and these things are chasing along. i would be careful on google at these levels. the stock has had a great run. melissa: okay. >> marquardter tends to be more

soft for the >> jobs didn't even right r write code. melissa: being called the on the tourrage for dorks. "silicon valley" giving cradle of life in start ups is citing biggest reaction from heavyweights in the tech world. here with first on fox eggs exclusive, alecburg and one of the show's stars, zack wood. thanks for joining us. so much buzz around the show. everyone is excited about it except for elon musk says none of those characters were software engineers. of the software engineers are helpful and smarter. they're weird but not in the same way. take the craziest l.a. party,

multiply a thousand doesn't even get close to what is in "silicon valley." what do you think? >> first of all i don't think you will get either of us to say anything bad about elon musk. i'm pretty convinced if he wanted to he could have lasers murder us from space. melissa: i think that's true. >> so great guy. i have nothing bad to say about him. he said in his opinion, software engineers are very helpful? melissa: and thoughtful. >> that is sort of like, i feel like that is sort of a like a supermodel saying men are very helpful and carry bags? his world they probably are but that is not a objective opinion is my sense. melissa: i think you might be right about that. what kind of specifics did you get. one clip i love. the other guy says to the other guy just like my son has as bergeres too. he said, i don't have asperger's.

you seemed to nail the group head on. how did you do that. >> it was challenges to get into the mind of a socially awkward character. to play a dork is real stretch for me. required years of research. to understand how somebody could not feel comfortable in their own skin, as i have up to this point. so, i no, i read some books about silicon valley. i watched documentaries about it. but playing a socially awkward character in "silicon valley" was not an enormous leap for a guy like me. melissa: alec, what has the reception been like? people are saying this is the new "ontourage." people are more interested in than hollywood, no offense is actually the tech world. what have people said to you, as you went out to do this? >> well, i mean first of all, we did an enormous amount of homework. we talked to a huge number of people. we talked to vcs. we talked to a lost startups.

we recruited stanford compression science professor who has a grad student who did all kinds of different charts and graphs for us. i think we did our homework and feel like, my brother worked at microsoft. his wife works at microsoft. my dad is bio physicist. melissa: you're a giant nerd yourself. i known you a long time. i reveal to the audience you're actually a giant nerd. >> thank you for outing me on national television. >> right before we went on we were literally talking about tolkien. >> you didn't have to say that. >> sorry, but we were. >> honestly i'm surrounded thank you. melissa: go ahead. >> we did, huge amount of work and i do feel like having finally gotten the opportunity to show it to people who know that world, i feel like that paid off. i feel like everybody is saying we really got it right. melissa: one of the venture capitalist characters, peter gregory, shares a lot of similarities with peter thiel, who obviously, you know, big

facebook investor. he has his hand in everything new that goes on. pal lan tear. is that who that character is supposed to be? >> no. i don't think any of the characters in the show are based one-to-one on anyone in reality. you always have to be careful, oh, this character is like this because that just becomes the mean and this is this character. i agree having seen peter thiel on camera, he and, peter gregory seem very similar but, that was not sort of the root source of that character. that character is a amalgum of a lot of different kind of billionaires and tech types we observed. melissa: good luck to you. everybody is excited about the show. can't wait to see it. thanks for coming on. >> of course. >> thank you. melissa: you can catch "silicon valley" this sunday at 10:00 p.m. eastern on hbo. i can't wait. coming up the president is becoming quite the expert at taking a selfie and white house has something they want to say about it. at the end of the day is all about money.

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see if your business qualifies at startupny.com melissa: we've got breaking news right now because we want to show you what is going on in the markets here. we're seeing a real slide in acceleration and selloff. tech is leading the way lower. i'm showing the dow down 167 points. we have crossed better than 1%. nasdaq is trading lower as well. look at that. that is a big selloff for the nasdaq, 114 points. as you can see that is almost 2.7%. tech leading the way lower. a lot of this coming from the jobs report earlier today and which were talking about traders on the floor has a feel of a washout going on as we see things very much sink in the last few minutes. we're keeping a close eye on this. we want to turn back to other news. world champion red sox home opener, david ortiz found with trouble in the white house, big

papi as he is known, took a selfie with the president on his phone. it lit up tweeter. but white house was not so hot on it, namely press secrery jay cary. >> without g council's discussions i can tell you as a rule the white house objects to attempt to use the president's likeness for commercial purposes. we certainly object in this case. melissa: elsewhere, major league baseball, new york mets second baseman daniel murphy finding himself in a pickle after missing opening day for the birth of his first child. critics lashing out at murphy's decision to miss the first two games of season on paternity leave. financially speaking the move may be a how many run. to -- a home run. to pinch-hit, we have evan morgan steen. thanks for joining us. evan, what do you think of the uproar this has causeed? >> look at the source. you have this big fat, bloated

sports reporter mike francesca. and boomer esiason. melissa: that is not very nice. >> it is true, he is the rush limbaugh of sports radio apparently. boomer esigh san should know better, having a child obviously been ill, he is guy i look at and look up to and say to myself, if he has to rush to the hospital for a reason, i don't think his bosses would say anything. so i look at this i'm just amazed these two guys haven't been suspended for three days. melissa: brian, what do you think of all this. >> mike francesca is one of the most respected voices on sports, one of the most successful sportscasters, number one guy, number one highest rated sport talk show host in the country, 25 or 30ers years. he give his opinion. i went back to work next day after having a kid. this guy daniel murphy should. this is what i say. different time. paternity is built into the cba for baseball. so they do have a chance to do that. jim my rollins of philadelphia

phillies with the same thing. keep this in mind this is not a big game yet. this is world series game 6. melissa: this is the mets. >> and mets so far have got off to terrible start. you're right, daniel murphy, might get some family ads. melissa: evan, that was an interesting point thaw made. -- that you made. he is standing up for families. this might make him more marketable in certain ways, yes. >> no question about it. he is making 5.$6 million. his agents are probably fielding calls left and right. i called a c-level executive at major pr firm and what they think? they are convinced as long as he stays down path of supportive of his wife around supportive of the fact he took off time to be with his wife, there are lots of companies out there in the world of alex rodriguez looks at athlete like this and applaud it and want to include him in lots of ads. melissa: brian, we're parents. i'm a mom. i could see my husband being there on the day the wild is

born, yes. and going back to work the next day. not a lot happens. babies sleep it. >> water breaks. kid comes out. we're not qualified really to, most people are not doctors. i really don't have a, most men don't have a positive role except for supportive role. kid is out, wife sleeps. kid sleeps. hit a few fastballs at citi field. melissa: you will be labeled insensitive. i stand by you. i have two kids of my own. i gave birth to both of them. i would be. we wind down to the closing bell. liz claman is here to wrap up the last trading day of the week. liz, are you there? >> so glad my husband is not like brian. i love brian. oh, man my husband was right there. i was the worst 24 hours later. i needed help. are you kidding? melissa: there you go. to each his own. >> okay, brian. lucky you and i aren't married. brian and i have a thing.

we're always fighting on the air together. if you look, the market is fighting right now with the bears. take a look at the nasdaq tanking at the moment! we're all over this. what will happen in this all-important last hour? that is why we're bringing in bob doll of nuveen, one of the smartest stock-pickers and pairing him with diane swonk, one of the top superstar economists. this is really important. people are looking at fall in the markets and making comments whether this is the beginning of a big correction. is that true or is it a buying opportunity? we'll be talking about that. facing the music, have you heard of vivo? this is just a huge website that is now going on to youtube. it is part-owned by google. it has a lot of investors. it is getting billions of hits every year. it is the place, no more mtv. it is the place where you go to watch music videos. we're talking about what they plan to do to try to steal all the eyeballs and mobile has

changed the picture. we have the ceo of vivo coming up. stay tuned. melissa: great show. >> a change in the music plan. at the moment, markets and people's money and portfolios is the focus. melissa: absolutely, liz. i want to tell our viewers the market is down even lower, down 172 points, the dow. better than 1%. the slide really continuing. meantime late night king david letterman is out. l.a.'s mayor is trying to lure the late show to the west coast. biggest names in tech saying no-go to the keys stone pipeline. we'll tell you why coming up. i've always had to keep my eye on her... but i didn't always watch out for myself. with so much noise about health care, i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile, not random statistics. they even reward me for addressing my health risks.

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melissa: we're going back to the markets because we have a major selloff. the dow is down 160 points, that is 1%. we have action in the nasdaq,

look at that, down 7%. nasdaq on track for the worst name of the year. momentum names are taking it down. look at that chart. jo ling kent live at nasdaq and nicole petallides live from the new york stock exchange. >> we're down 2.7%. it is the lowest in almost two years. what is dragging the exchange down right now? we're looking at biotech and social media stocks. look at facebook, twitter, yelp. excuse me, not twitter, facebook, yelp, linkedin. all these stocks dragging down. investors are wondering perhaps if this is the peak of the trough and we're coming down now. certainly the exchange is not reacting well across the board. we're looking at some security and some green arrows is utilities that is a safe haven for investors. right now the nasdaq is down 2.7%. pretty bad situation in terms of where these tech stocks are going especially after some all-time highs last year.

melissa: nicole what are traders on the floor saying? traders we talked so far this hour it has strong feel to it and big pull and they fear what will come about on monday? >> earlier today we sort of felt they drifted higher, broke new highs on the dow and s&p 500 only to see it turn into the red. now you're seeing more selling what is happening here. what happens people start to pick the low-hanging fruit. they begin to pick stocks they like best. this is very difficult to try to gauge which way this market is going. some people are waiting for a little bit of a pull back to get in on their favorite stocks. we even had one trader who came in to visit and said, he has been on this floor, many, many years, melissa. i said, what are you doing? i'm keeping my hands in my pockets so i don't buy anything else. i'm long 150 stocks. he says he still likes the market here. this is something that followed it for a long time. melissa: i hope he is right.

i like the sound of that. i want to bring in jared levy on the phone, of course with chatwood funds. jared, what do you think? tech is really the thing dragging everything else with it on the day we're seeing a grub hub ipo. >> yeah. melissa: we were talking about ipos being so frothy right now. is this a bubble bursting? >> it is really funny. so the employment numbers came out this morning and i noticed something in the s&p. even though the vix was dropping, remember we had a little rally after the number came out, one thing din happen. puts did not get cheaper. people were stepping in and buying puts. in all of, talking about options. they were buying. that means wanted markets to go down, all the past four or five months. that showed me there was some, a little bit of nervousness. then something else happened. in the russell two thousand it broke down through the 20 and 50-day moving average. melissa: i was just going to ask you about that. we're looking at russell on the screen, it went by a little while ago, getting absolutely hammered.

what do you read into that? >> remember the russell is kind of like the canary in the coal main mine, if you beat up on stocks you will do it in the russell. why? smaller stocks. easier to trade and easy to move. when they do move they influence the rest of the market. the nasdaq has sort of a lot of high growth names and smaller type names. i think that led to the nasdaq. when things move down, programs kick in. friday, it is kind of like a perfect storm. melissa: thank you to all three of you. likes of mark zuckerberg gaining up on keystone but what do they have to gain from all this? we're digging into it next. you can never have too much money. life's an adventure when you're with her. and it always has been. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet

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technology companies are jumping into keystone pipeline debate like google, apple and facebook along with two other other

signatures. they sent a letter to secretary john kerry to reject the keystone pipeline carried the letter stated the cost of the pipeline will weigh heavily on the us taxpayers. why do tech companies feel they need to have their voice in this discussion? joining me now foxbusiness contributor bill plante and tech expert rob tenderly turned rock on let us are with are these guys weighing in on this? >> >> remember they are heavily invested in current generation energy technology three it's closely related with what they do, solar panels by their nature are closely related to silicone and that goes to the core of their operating. plus, they fundamentally believe that global warming is a problem because they go to places like china fairly regularly and see what a mess that country is, so the end result is they are kind of aligned with the view that greater is probably not only healthier, but prior

more profitable. >> do you think this is about their pocketbook? >> it is. it's about the money, we know that. to be honest i don't think they would be that worried if they didn't have zillions writing on it 34 years these are the same gentleman that have been saying big goal is bad and evil. this is the rise of the big green. we are talking not millions of dollars, we are talking about billions and trillions going into these new green projects in every one of these ceos that come up with a better mouse trap that can beat oil will make billions of dollars in october that now they think keystone is a threat, new oil is a threat and because the cheaper the price of the barrel oil the lentz-- less sense their investment makes. >> at the same time consumers need to have money to buy their products and you think if the pipeline would come it would be cheaper gas prices and people would have more money to buy every thing the apple

and every one else? >> that could be the case. i do recognize that in the past oil cartels have held back supply in order to keep prices up, so while it is likely that supply could result to lower prices historically the cartels have good about maintaining prices that they have, so it's not necessarily certain that one leads to the other. >> though, do you think will have impact that they signed this letter any way? >> i don't think so and why are they sending it to john kerry? he's not going to make the decision any way? >> abs jenna, thank you. we appreciate it. >> thank you. >> that's all we have for now and we show you the markets as we move on. we have a real selloff going on. the dow is down almost a full percentage point. down 152 .3 the real action going on in technology, look at the nasdaq. it's down to .6%, 109 points. the russell getting hammered as well. a lot of traders say that's

the canary in the coal mine. is this the breakdown in the markets? no one better to take you through the final hour of the trading day then liz klayman, she is coming up next. countdown to the closing bell stars right and. >> spring is in the air and so is hiring. the economy created 192,000 jobs last month. slightly less than estimates, but building on february's upward gain. test stock guru and money manager bob doll along with superstar economist diane who will tell us the healthiest places to invest right now. dreaming music wars, we've all heard of pandora and spotted by, but viva? ♪ it hopes it's a newly improved mobile apps in partnership with twitter will drown out it's more established rival.