liz: dollar cost averaging, why not? number one thing to watch tomorrow, optimist index. very important, as we know. david: not to mention the markets, we'll be watching those. "the willis report" is next. ♪ tracy: hey, everyone, i'm tracy burns in for gerri willis right now on the "the willis report." the board of gm lawyer up in the wake of the recall scandal, so will executives be taking perp walks? also to have and to hold, the diamond ring, that is. a supreme court judge rules for a jilted fiance. and students sick of school lunches are telling first lady i michelle obama exactly what they think. it's all coming up on "the willis report." so today's the day. gm owners started getting repairs to their recalled cars, nearly three million of them. the repairs are expected to take at least a couple of months, but that's going to be the least of gm's problems, because the

recall scandal will not disappear with a quick fix. the lawsuits are coming. charlie gasparino reporting that gm's board has lawyered up. with us now, kelly blue book senior analyst carl brower and trial attorney david stone who has a ton of experience in big corporate litigation like this. thank you both for being here. what we've been hearing more and more now is this criminal accountability. and senator claire mccaskill was all over the airwaves this weekend, but basically she wants this to be criminal. take a listen. >> you know, we have the citizens united case which our supreme court said corporations were people. that was hard for some of us to kind of get our arms around, but if, in fact, they are people, then there needs to be some criminal accountability depending on what the facts of the investigation show. i know justice department is taking a hard look at all of this including the bankruptcy filing. tracy: all right, carl, i want to talk to you first because now the big issue is about the part and the skew number on the parking lot, right in so the

part was defective, they fixed it, but they didn't change the sku number, so that, to a lot of people, seems really sneaky. >> it is sneaky. therere's just no getting around that. it's not standard protocol by any means, and it actually opens up a bunch of additional problems which maybe not so ironically general motors is now suffering from which is that they had to recall that many more vehicles that might have had the old version of the part be put into the vehicles that were being repaired because they didn't know what part was which because they had the same number. you can see the problem with not changing the part number, among other things. tracy: yeah. i mean, is this the smoking gun for them, david? >> well, it could be a smoking gun because when you have civil litigation and you're trying to allege fraud or negligence, you these to show some knowledge and an attempt to conceal. and in this case, this shows an attempt to conceal. tracy: bigtime. it's funny, carl, because the one car i wanted back in the day was the saturn sky, and here we

are now talking about how it would not have been my best decision. but the part, the cars, the recall, now we're hearing they may not have enough of the replacement parts. this for the consumer is a bigger fiasco than what gm is anticipating, isn't it? >> well, it is, and that's what's unfortunate, is that this thing has really snowballed because of things like a nonchanged part number that should have been and the number of vehicles that have been pulled into this thing, and now we've got, we're on the fence wondering whether we're going to hear about this order to stop driving the cars that might come out at any moment. it's become quite a mess for them, and that's why they're looking at maybe doing something, you know, doing the right thing here which is to not use the shield that they could potentially hide behind for liability with the restructuring of the company. tracy: right. and, of course, ceo mary barra saying the cars are totally safe to drive. let's talk about this notion, david, of the old gm versus the new gm. versus prebankruptcy versus

postbankruptcy. do they get a pass because of that? >> well, they don't always get a pass because it's one of the cardinal rules of bankruptcy is you can't discharge a fraud claim. you certainly can't discharge a fraud judgment. now, the question is if they didn't -- if they concealed and they didn't disclose that there were potential fraud claims, can you come back and reopen up and say can we make these claims now? tracy: that's a big question. carl, look, a lot of people now want a perp walk. look, we want to point the finger at somebody. who should it be? >> well, it's tough because the company has changed drastically, and while mary barra's been there a long time, she wasn't the person in charge during a lot of these problems, and there seems to be some evidence where she wouldn't have been near it. she'd have been doing other things like setting up some of the functionality, streamlining some of the costs, doing some of the hr things. so it's very possible that she really didn't see any of this coming until she became ceo. tracy: we were talking about

burden of proof, david, so where is it? this happened before the bankruptcy, before, basically, the taxpayers took over this company. how do you find a burden of roof when something happened -- proof when something happened so long ago? >> it's not just about burden of proof, it's about proving knowledge and intelligent. and i sue a lot of pharmaceutical companies, and this is a big issue when you do have a burden of proof of beyond a reasonable doubt to prove that somebody knew and did not act beyond a reasonable doubt in a corporation that large is extremely difficult. tracy: right. >> and often you're just searching, it's like a needle in a haystack to be able to prove who it is who really knew and who it is who really did this. tracy: it makes you feel, though, like almost, you know, like they're purposely keeping something from me. it makes you not want to trust again, carl. look, what do you say to people? drive these cars, they're safe, or go get a new one? >> well, if you're gm, maybe you do both. maybe you tell people that this car is safe, we're going to fix

it, we're going to do what's right, but if you're still uncomfortable with it, you know, we'll work with you on getting a new one. tracy: but you, carl, would you get in one of these cars? >> i probably would but only because i would be fully aware that this could happen. i mean, when you lose power and you lose power steering and power brakes, it's frightening if it hits you out of the blue and you don't know what to do. i've been in enough cars that have done that, i've owned and driven old cars for years, so i'm used to dealing with the consequences. but, you know, if you don't want to have to worry about that, and a lot of people don't, then it's probably not realistic to have them driving these cars with this potential. tracy: right so steering, brakes, air bag, david. is there any reason you would get in one of these cars right now? >> i would not get in one of these cars right now. tracy: how about that? i mean, that's scary. >> the risk is just way too great, and if i were gm, i would fall on my sword at this point and put a billion dollars or a

substantial amount of money in a victim compensation fund and say everybody stop driving your cars, come to us, and we'll work out some kind of settlement with you. because at the end of the day, that's better than a criminal conviction for fraud, and they're probably going to pay the same amount of money anyway. tracy: and the press is going to kill them for it either way. david, carl, thank you both for that. all right, now we want to know what you think. here's our question tonight, should gm execs face criminal prosecution in this recall scandal? log on to gerri willis.com and vote on the right-hand side of the screen, and we will share the results at the end of the show. we have a business alert for you right now, a new recall for another car company. jeez, it makes you want to get out your bike. this time it's for mazda. for the second time in three years, mazda is recalling mazda 6 sedans due to a fire risk tied to -- wait for it -- yellow sac spiders. now, the recall includes mazda 6 model years 2010-2012.

the company says the spiders are attracted to the gasoline and could weave a web in the fuel tank that could cause it to crack and start a fire. in fact, customers can bring their cars into the dealership to get a special software installed. the software's designed to ease the pressure on the fuel tank and prevent cracking. never liked spiders. all right, forget cars. statistically, flying is the safest form of travel, but it's definitely not the most comfortable or convenient. a i new survey ranks the best and worst airlines in america, and kate rogers here with us. this is like an annual thing for you now. she's got a list that all travelers should see. kate, i don't think anyone can truly get off a plane and say that was the best flight ever. like, everyone has a complaint about something. >> these travelers are always complaining, but this annual list is from embry-riddle university. coming in at number one is virgin america, number two, jetblue. number three, hawaiian, which i thought was interesting. tracy: yeah, but where does

hawaii wan fly other than the islands? [laughter] they better get it right. >> number four is delta which is interesting because they merged with northwest in 2008, and this survey finds that when mergers occur sometimes customer service struggles a little bit, but they're in number four. so they still made the top five. good news for them. now to the carriers that customers are not so happy with. airtran, us airways they're not happy with, southwest actually came in at number eight. it's continuing to fall -- tracy: wasn't that southwest thing a little bit of a shock to you? >> yeah, because they used to be very popular, but they're continuing to plummet in the rankings. tracy: yes. a lot of it has to do with baggage fees and all that stuff, right? >> baggage fees and mishandled bags. the mishandling went up from last year, last year it was 3.07, now it's up to 3.21 out of every 1,000 which doesn't seem like a lot, but if you're a customer and your bag was lost,

you can guarantee you're not going to be happy. tracy: no. and i feel like i'm that percentage every single night practically. it's never easy in the airport. >> tracy, that is my biggest fear, that my luggage is going to get lost. tracy: my mother always told me you carry your makeup -- >> in your carry-on, that's right, i agree. [laughter] and then the other issue that's concerning to people is the departure, on-time departure rate fell to 78% from 81%. tracy: but don't they fudge that too? my producer and i were talking earlier they'll say it takes six hours to get to miami when we all know it only takes two and a half, and then they say, ooh, we got in early. >> exactly. and new regulations went into effect this year, so pilots now have to get ten hours of consecutive rest between flights and 30 consecutive hours per week of rest, so basically, airlines are trying to do more withless time in the schedule for pilots, so business is suffering in some way. tracy: unfortunately, it's making travel a big old drag.

kate rodgers, you're awesome. >> thank you so much. tr there's there's a lot more still to come including the first installment to our user's guide to education. and then, does this look like advertising to you? it is a food fight between students and first lady michelle obama, and who do you think is going to win? we'll be right back. ♪ ♪ (dad) well, we've been thinking about it and we're just not sure.

(agent) i understand. (dad) we've never sold a house before. (agent) i'll walk you guys through every step. (dad) so if we sell, do you think we can swing it? (agent) i have the numbers right here and based on the comps that i've found, the timing is perfect. ...there's a lot of buyers for a house like yours.

(dad) that's good to know. (mom) i'm so excited. why relocating manufacturingpany to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com so ally bank has a that wothat's correct.a rate. cause i'm really nervous about tting 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. tracy: first laidty's anti-obesity initiative is leaving some students hungry for more. kids are taking to social media to express frustration over small portion sizes. posting pictures of rather lobely-look lunches. joining us now, a former teacher. i did not know you were a teacher too. >> yes. i taught at pretty much every grade, college, middle school, high school, and i have lived to tell about it. tracy: what's your thought on this lunch stuff? >> i mean, does it look like something appetizing that you would want to eat? i certainly wouldn't want to. it looks like a government one size fits all approach. you know, they're cutting calories which isn't necessarily healthy all the time, and you're dealing with athletes, kids that might weigh a lot more than

others, sedentary kids versus those who are playing football, so they're going to have different requirements. you can't just come out and say this goes for everybody. there is no one size fits all -- tracy: that's the biggest problem, right in when you've got a high school football player versus, you know, someone who just doesn't play, i mean, you can't serve that measly little sandwich and a half a kiwi to the him. >> that's the big thing, the kids are saying we're hungry. is either the food that they're giving is basically terrible, so either it's getting wasted and thrown out, that's a lot of money lost, or kids are going to vending machines or not eating, saying they're hungry. of imagine a kid run oggen the football -- running on the football field when he or she hasn't had lunch. and, unfortunately, it also costs the taxpayer a ton of money, over $11 billion in 2012 for a program that kids are saying this isn't appealing to us. we don't want to eat this. tracy: and that is the biggest thing. we spent all in this money, and they're just throwing it in the garbage, they don't want to eat it. so i get where coming from, we

of do have an obesity issue with kids, but what's the better way to fix this? >> i think they could have gone with real healthy optionings that kids would like. i'm kind of like a toddler. i like fruit snacks, for example, that are healthy, that taste like food roll-ups but they're derived from fruit. i think you can incorporate some healthy option toes, bring in a grilled chicken sub with some cheddar cheese, i promise you a high school senior is going to like the taste of that. so there's a way to do it that's both appetizing and i think also, though, treat people like individuals. don't come in and promote this one size fits all nonsense when you know the kids are different sizes, they have different needs. some of those football players might be like me and they want to go for seconds. tracy: oh, seconds, thirds -- >> and fourths. tracy: i have middle schoolers who are coming back for seconds and thirds. let's talk about the social media thing, i think it's quite funny thousand we've -- how we've evolved. you've got to believe someone in the white house is seeing these pictures. >> that's the way they make

their voices heard. everyone can take a picture. one of the moms had gone in and had lunch with her kid and taken a photograph of something she ate i don't know if it was half a kiwi and something that wanted to be a hamburger -- tracy: right. for people who are listening on sirius xm, there were three little tomatoes on a plate and this lame thing that i think they were calling a hot dog. i don't know what it was. >> right. and this is the way kids are saying you're not going to get away with this. we're hungry, we're not happy with this program, this is the way we make our voices heard. white house, michelle obama, we're not eating this stuff. tracy: do you think she's going to back off? >> i think they're going to have to maybe bring in some changes. if kids keep promoting this and if you have parents saying my kids are hungry, i think there's going to have to be some mending to the system. now, these schools want the government money. they want money from the government, and they know that if they don't listen to what michelle obama wants and the obama team, thai going to have some of that money taken away.

but i don't think michelle obama wants all these kids to be starving at the end of the day. so something's going to have to give here. tracy: i will say that some of the posts were just not nice language. you don't talk to the first lady like that. jedediah, you're awesome. >> as a teacher, i think she'll agree with me. [laughter] tracy: still to come, new leads for the missing malaysia fight. and karma comes back to the man who dumped his fiancee by text. what was he thinking? and why one text message end up costing him more than $50,000. we have that story next, don't go anywhere. ♪ ♪ [ laughter ]

smoke? nah, i'm good. [ male announcer ] celebrate every win with nicoderm cq, the unique patch with time release smartcontrol technology that helps prevent the urge to smoke all day long. help prevent your cravings with nicoderm cq. that helps prevent the urge to smoke all day long. when folks in the lower 48 think athey think salmon and energy.a, but the energy bp produces up here creates something else as well: jobs all over america. thousands of people here in alaska are working to safely produce more energy. but that's just the start. to produce more from existing wells, we need advanced technology. that means hi-tech jobs in california and colorado. the oil moves through one of the world's largest pipelines. maintaining it means manufacturing jobs in the midwest. then we transport it with 4 state-of-the-art, double-hull tankers.

some of the safest, most advanced ships in the world: built in san diego with a $1 billion investment. across the united states, bp supports more than a quarter million jobs. and no energy company invests more in the u.s. than bp. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. ♪ ...work with equity experts... who work with regional experts... that's when expertise happens. mfs. because there is no expertise without collaboration. tracy: a man dumped his would-be bride by text, but his next message ended up costing him $53,000 in court. the case of the jilted bride, next.

♪ ♪ tracy: so finally, some sweet revenge for a jilted bride. you remember this couple? louis and his girlfriend christa were engaged to be married. at least until the groom dumped his fiancee via text. what was he thinking? but the would-be bride is totally having the last laugh here because despite the groom demanding she give back the $53,000 engagement ring, a state supreme court ruling groom's next text message signed the ring over to her for life. joining us now, matrimonial attorney jennifer brandt. okay, so i'm going to let you give the lead to the audience here. what did the next text say? >> the next text said that the engagement ring was her parting gift. and, you know what? the judge believed it and gave it the her. so she got the last laugh which was great revenge here.

tracy: first he says it's her parting gift, then he says, oops, wait, no, i want it back. because he probably realized he incriminated himself. >> later on he said she wasn't behaving properly, and if she didn't stop acting that way, he would take the ring back from her, but in the end, she got the ring. and that's really unusual in new york because typically an engagement ring is conditioned upon the marriage, and if the marriage doesn't happen, then the ring goes back to the person who gave it to you. but by saying that, oh, she got her parting gift, the judge said he regifted the ring to her and, therefore, she got to keep it. tracy: god bless her for taking this to court too. >> right. yeah, yeah, the rules do vary state by state, and the most important thing here is that you really need to think before you text or put anything in writing, and people do that all the time, especially now with social media and texting. really if you want to break up with somebody, you should pick up the phone. you shouldn't put it in a text message because it can come back and hurt you like we saw h

tracy: honestly, we shouldn't even have to say that. what are people thinking? it's crazety -- >> well, they don't think. tracy: you right. but now all of a sudden things like facebook and texting become legal docs in court? he could have argued it's just a dumb text, it doesn't hold up. >> right. and he thought, he said that a it was a joke, and he said it in a joking way but, of course, in a text you can't understand the context, and you can't understand if someone was joking or serious because how do you read that from a text message? if you say something to somebody, you can tell by the tone of their voice what they really mean. and that's why people really should think about talking more to each other instead of texting. this is another example. tracy: no joke. >> right. even if it's a sad thing like a breakup, it's not something you do via text message. that's our society today, unfortunately, and it is coming back to hurt a lot of people in these court cases. tracy: he should have gotten himself a spine. and because i'm a tax dork, i've got to ask about the tax

implications because now this is considered a gift to her, isn't it? so what happens? >> well, the tax would be on him. he was the donor, the person who gave the gift to her, and it is ap expensive gift and goes beyond the limits. we're allowed to give about $14,000 without think tax consequences. so he does have a personal exemption over a lifetime, and he, you know, may use this toward that exemption, but he might have to file tax return for this, a gift tax return for this which is really, she is really getting the last laugh on this. but, of course, she gets to keep the ring scot-free and enjoy it. he it would her it could be used as a down payment on a house, and maybe she will cash it in and do that. it also depends on what the ring is really worth, so she'll need to get it appraised and sell it to really get the true value. tracy: right. because often times it depreciates the second you walk out the door. i hope she buys a fancy car and drives it by his house.

i think, unfortunately, gentlemen, before you get down on one knee, i guess, you should know the state rules because they are different. if i'm not mistaken, jersey's rules are different than new york's, and all the states could have different rules about whether or not you actually make it to the altar and what happens. >> that's right. it varies from state to state whether it's a conditional gift or not a conditional gift. that's something to know. and then it varies also once you're married whether in the event of a divorce if you have to give the ring back or you get to keep it because it was a gift. so you really need to check out your state laws before you propose and know sort of what you're getting into before you go spending a lot of money on a ring like this guy did. tracy: and then, of course, there's the gift tax angle. jennifer, you and i have completely taken the romance out of marriage right now. >> i know. trn trn you know what? we did it. >> as a divorce attorney, i always do. [laughter] tracy: great. jennifer, thank you so much for being here. [laughter] >> thank you. take care. tracy: we're total buzz kills to all those in love. all right, when it comes to

hollywood though, a $53,000 engagement ring? total peanuts. in tonight's top five, the most expensive celebrity engagement rings. okay, number five, jlo's engagement ring from marc anthony. it was created by neil lane and while diamonds may be forever, this pair broke be up after seven years of marriage. number four, grace kelly's worth $4 million from prince rainier iii of monaco. actually proposed to her with a sitler ring, but then he went and ordered this 10.5care rat ring from cartier after seeing all the women in hollywood with bigger rings. i guess he felt bad. number three, paris hilton. her 24-carat ring valued at $4.7 million. paris' fiance, whose name was also paris -- why the marriage was destined to fail from the beginning -- gave her an eternity band to wear after she complained the ring was too heavy. they broke up six months into

their engagement. number two is beyonce's ring. jay-z put a ring on it, and what a ring. this flawless diamond ring by lorraine schwartz worth $5 million. it's actually quite beautiful. and the number one most expensive celebrity ring, this blew my mind, i didn't know this, elizabeth taylor. now, richard burton gave her the jaw-dropping trump diamond in 1968. he purchased the, wait for it, 33-carat ring at auction for $905 -- 305,000. it looks like a tennis pall on your hand. i swear. all right, later in the show our financial panel is covering your assets. and almost in one month since malaysia airlines flight 370 vanished, new there's no hope, but why has it taken so long to find the missing jet? we're going to have answers for you after break.

don't go anywhere. ♪ get paid to do something you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ but with less ergy, moodiness, ti had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs

of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron. why relocating manufacturingpany to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see if your business qualifies at startupny.com

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. peace of mind is important when so we provide it services you bucan rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next.

jet possible break in the search for malaysian flight 370. over the week three sonic pings emitted by the missing plane's black box. you can't help but ask why is this taking us so long? air fare watchdog founder. thank you so much for being here, george. this is question everyone is asking. why are we still talking about this? in this day and age what is going on? >> planes don't have xp s tracking. i think it would certainly help if we started to modernize the tracking capabilities on aircraft. the answer it will cost more and probably will raise air fares, if every plane had better tracking. and pretty clearly the malaysian

government and malaysian airlines found it hard to believe this plane went over the indian ocean and took them a while to change the narrative it didn't head north. so we were looking in the wrong place. a lot of data wasn't really shared immediately like the i am march sat that showed it went over the -- inmarsat. that the show it went over the indian ocean. neil: you have a theory. what is it? >> i'm sticking my neck out. neil: good. >> we can rule out some things. we can rule out explosion. rule out kind of thing that happened to that american airlines flight from jfk going to santa domingo where a tail fell off. the plane would not have continued traveling for such a long period of time. had there been a catastrophic failure. an engine falling off. we had engines falling off in the past. bird strikes. in other words it wasn't some kind of a catastrophic

explosion, fire or failure. even the situation airplane that had a cockpit fire they were able to send a distress signal, leaving from jfk and going to switzerland many years ago. we can rule out certain things. henry david thoreau said when you find trout in your milk that is pretty circumstantial evidence. all the evidence is circumstantial. we really don't know. we may never know but i think originally the malaysian government and malaysian airlines found it hard, as i did, found it hard to believe this could be something happening deliberately. we have had incidents in the past where pilots crashed planes. silk air, egypt air, look those up on wikipedia. tracy: wait, you're ruling out all that stuff but does this mean then you think that this was purposeful? >> i think malaysian government thinks it is you no too. i think they slowly came to the conclusion, you add up everything that happened.

the fact that the plane went up to 45,000 feet. that it changed course many hours after it disappeared from radar. something was controlling the plane. so, look as somebody who sells air fares on air fare watchdog i don't want people to think that air travel is unsafe and it isn't unsafe. once in a whale we have these mysterious occurrences. sometimes they're never explained. this is historic moment in commercial aviation. we never seen anything like this in the history of commercial aviation. we may never know the answer. tracy: george, here is the thing. i understand where you're coming from. if you to see grandma in florida you will still get on a plane. as much as we think this is nutty and freaky, as my son said, someone will go scuba diving one day and we'll be done with the whole thing but based on what you're saying to me you think the plane was hijacked and someone turned everything off on purpose and sent it sprawling into the ocean on perfect? >> it may not have been hijacked.

it could have been pilot malfeasance. the fact it went in the middle. ocean quite far out rather than continuing on land, was that deliberate? i think it probably was. i think we can't find the plane because somebody on the plane didn't want us to find the plane. tracy: right. >> i know i'm sticking my neck out. only do it for you, tracy. you made me do it, but i think the circumstantial evidence points in one direction and away from other directions. there are some things that have happened to commercial airliners and crashes and they do not continue flying for many hours and change course in flight after catastrophic failure. it looks like hijacking and pilot malfeasance. it took a long time for the malaysian government and malaysian airlines to think this way. we don't want to think it could happen that a pilot could go berzerk. tracy: unfortunately it does. denial doesn't get us any answer.

my son's theory is probably way off because the plane is so far offshore. go buy tickets from george. thank you for sticking your neck out for us. time for a look at stories you're clicking on foxbusiness.com. stocks ending the day lower. tech stocks continued to extend their recent slide. nasdaq closing down 1% while the s&p 500 posted its biggest three-day drop in two months. credit suisse is facing the threat of another probe in its role helping wealthy americans avoid paying taxes, this time from new york state. new york is investigating whether the bank lied to state authorities about creating tax shelters. a settlement between credit suisse and the department of justice is expected. with two weeks to go until tax day, u.s. attorney general eric holder warning consumers about identity fraud and scams. holder is using his own personal experience to highlight the importance of being vigilant in tax season. last season, a tax scrammer tried to file a fraudulent tax

return with holder's information. yahoo! searching for their own "house of cards." yahoo! stepping up its online video plans to try to develop original programing according to "wall street journal" now the web giant is purportedly nearing deals to order four web series. those are some of the hot stories on foxbusiness.com. coming up we kick off our week-belong user's guide to education when every penny is needed to send your child off to college we have trade secrets for those daunting forms. those momentum stocks losing steam but what does it mean for your portfolio? we're covering your assets next. don't go anywhere.

my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. th's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)...

...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without talking to your doctor. stopping increases your risk of stroke. ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding or have had a heart valve replaced. seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners... ...or if you have kidney problems, especially if you take certain medicines. tell your doctors about all medicines you take. pradaxa side effects include indigestion, stomach pain, upset, or burning. if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa.

before those little pieces would get in between my dentures and my gum and it was uncomfortable. [ male announcer ] just a few dabs is clinically proven to seal out more food particles. [ corrine ] super poligrip is part of my life now. tracy: all right. so this week is starting with stocks ending exactly where they left off last week. all three major indices ending in the red today.

how long is this little stock slump going to last? joining us our financial panel. we have the trader and editor of money news editor wealth report. we have founder of the devices academy. and mtner at digital risk. sean, i want to start with you first. everyone is talking about these momentum stocks falling off a cliff, tesla, netflix, why do i care? weren't they up in the air anyway. >> they were and they were way overvalued. the reason why you should start to care, as they tumble they're like the domino that tips down others. a lot of margin calls start happening. it start as whole lot of commotion in the markets t start as bad downward move in the stock market overall. tracy: david, as the ceo of the advisors academy, are you advising people to even buy these stocks at all? >> at this point you have to be really careful.

arguably the reason stock market is high as it is, especially momentum stocks, because of quantitative easing. investors are getting nervous. they're worried what happens when qe ends. they're worried what happens when the rug is pull out from underneath the market. investors, especially large investors have one finger on the trigger when it cops to the stock market. you certainly have to be cautious. tracy: that is interesting thing, sean makes a good point. you can't follow the herd. you wonder who makes the decision and you don't want to be that guy because everyone wonders what you do thereafter. >> homebuilders gotten beat up last six months. you look at data. the actual first-time home starts are 600,000. we're typically 1.2 million a year to keep up with population growth. interest rate at all-time lows. i think after coming off this horrific winter i think you will see a really nice spike in growth over the next six to nine months. i'll going against the grain and calling for homebuilders to pick up momentum.

tracy: just the homebuilders? not other momentum play officers. >> the other momentum players have macroeconomic issues that can play in. some are overbought. some are getting nervous. i like momentum like homebuilders like lennar and toll brothers. tracy: shaun, let's play off that. we're starting to see a turn around and people saying, yeah you know i'm done taking rick. i want dividend action. i'm going back to the tried and true, right? >> absolutely. it is a safer way to play it. if you think about it the stock market returns nine to 11% a year on average. we came out with above average year. you see below average years. sometimes dividend stocks get you a third or halfway there to your dividend to begin with. that is much more stable piece after stock portfolio is the dividend income. a lot of baby boomers starting to retire are wanting these dividend to supplement that income, truth be told a lot of them haven't saved as much as

their parents did so they need additional income anyway so safer way to do it. neil: tracy: david what is old is knew again. we focus on fundamentals. we get lost because some guy says we should go invest in momentum stocks, right? everyone comes back to the grain again. here we are, back to the tried and true. should that be where people are focusing on? >> i think so because, a dividend is really only thing you can count on for sure in a stock. it is old bird in the hand. i think reason these are income dividend stocks have been so strong lately because of what happened with qe the whole purpose of qe is to drive down yields on long-term bonds or part of the purpose so yields on stocks look comparable and pushing people up the risk curve. at least if they do lose 10 or 20% on a pullback, at least if they're getting a dividend it makes it easier to handle. tracy: sean, i want to jump back to you right now, as jeff

mentioned earlier let's be contrarian. amazon, netflix, all down. they're not going if iwer. why would i buy them today. >> even as not as they pulled back they're still grossly overvalued. test last, they haven't made money. they're just starting to make some money. it is still unproven company. it is a nice concept. it is a neat concept but if you think about it, back in early days of automotive. that was a neat concept and a ton automotive companies came out there and only a few exist today. just because you have a unique concept doesn't equal great investment idea. tracy: fair enough. between my household alone we support netflix and amazon. jeff, let's talk about the ipo market because a lot has to do with the president's jobs, jump-start our business act, right? it made coming to market easier. is that a good thing. >> i think it's a good thing. like at ipo market. i still think the p-e ratios and valuations are still within decent range. back to the point, we invest in

stocks for wealth creation right now. and you look at interest rates still being historically low. a little bit contrarian, if people are looking for long-term value play buying a house, i would be best thing they could ever do at low interest rate and lock that in with equity over the years. tracy: if i'm looking at my portfolio, david, are you going into this ipo market at all? renaissance put a number out. 71% of ipos were filed confidentially. that is thank to president obama's jobs act. are you going to touch that stuff? >> i think if investors are getting into ipos at this point they need to be careful and look at it more for the short term. last time i could remember there were as many ipos coming out simultaneously was november of 2007. and of course that was just the beginning, right before we had that last stock market drop of 57% on the s&p 500. so, you know, we have this investor, anomaly we call it, saying that typically when a lot

of small investors get into the market it is probably overcooked and ready for the next drop. i think there is investment banking anomaly when ipos get up to this level it might be because they're trying to get through all these before the market pulls back. tracy: yeah. it is starting to feel a little deja vu all over again. sean, david, jeff, thank you so much you guys. >> thank you. >> thank you. >> thank you. tracy: coming up, it is the start to our user's guide to education. filling out those never-ending fafsa forms. can drive parents pretty much out of their minds. we have insider tricks that you need to hear next, don't go away

why relocating manufacturingpany to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation. and now it's even better because they've introduced startup new york - dozens of tax-free zones where businesses pay no taxes for ten years. you'll get a warm welcome in the new new york. see ifououbusiness qualifs at startupny.com tracy: don't leave free money on the table. we've got expert advice getting most financial aid possible, from those testy fafsa forms. that's next.

humans. even when we cross our "ts" and dot our "i's", we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies. if you qualify, your rates won't go up due to your first accident. because making mistakes is only human, and so are we. we also offer new car replacement, so if you total your new car, we'll give you the money for a new one. call liberty mutual insurance at... and ask us all about our auto features, like guaranteed repairs, where if you get into an accident and use one of our certified repair shops, the repairs are guaranteed for life. so call... to talk with an insurance expert about everything that comes standard with our base auto policy. and if you switch, you could save up to $423. liberty mutual insurance -- responsibility.

what's your policy?

tracy: so tonight we're kicking off our user's guide to financing you or your loved ones education. you know the statistics. costs are skyrocketing. wages are kind of stagnating. so we're helping you get the most bang for your college bucks. everything from comparing financial aid offers to finding free money. first we start with break down the fafsa form. with mark, the senior vice president and publisher for advisors network. he is also the author of filing the fav is which i -- fafsa, free application of financial federal student aid. i can't even tell you what the acronym stand for, it is so long. we're in april, already. april 7th, to be exact. did we miss the deadline if we have a kid going to school in sent? >> the federal application cycle

is 18 months. so you haven't miss ad deadline for federal student aid. it is best to file the fafsa as soon as possible after january 1st, because this form is not used for federal aid and used for state aid and financial aid from the colleges themselves. there are a dozen states that have deadlines in february and march and a half dozen states that deadlines that are in first-come-first-serve basis. so the sooner you apply the more likely you are to get money. tracy: it's crazy that it works that way. but in theory due june this, correct? >> yes. june 30th of 2015 for the 14-15 award year. tracy: i know tons of people in this area have the same questions i do, what is the cutoff? so many people who make decent living think they just won't qualify. so let's say i make $150,000 a year. should i fill this form out or am i already out the window? >> well, you should still file the form because it's a

prerequisite for low-cost federal education loans like the unsubsidized stafford loan and parent plus loan. also -- tracy: will i get anything? will i get anything or will they say forget it, you make too much money. >> you're unlikely to get a federal pell grant. 96% of pell grant recipients have income under $50,000. and less than 1% of people with six figure incomes receive the pell grants but there are state grants. there are grants from colleges themselves, all of which are contingent on this form. tracy: let's talk about the ways around this. so the child can file, right? say my son is my first to go, he can file for this and get money himself, right? >> well, it's, if the child is dependent student, that is under age 24, unmarrieded, not in graduate school, not a veteran and other variety of criteria the parent information is required on the fafsa form. tracy: so much for that. >> if they're overage 24 they file on their own. tracy: what about divorced

couples? not like a personal question or anything but if you're divorced to do you have to put both parents on the form or just the household? >> that's a change this year. it used to be the case that if your parents were divorced, only one parent's information was required on the fafsa, the parent you live the most during the 12 months ending on the application date if that was the same for both parent, the parent who provided more support. this year if the parents are living together, both parents information will be required on the form. the same as though the parents were remarried. if the parents live separate residences, then it's, the same rule as before, only one parent is responsible for completing the form. tracy: so the parents are divorced. they live separate. one parent on. but if, the primary parent is living with someone else, does that person have to go on the form? >> only if that parent has remarried. so it's a stepparent. or, if the parent is providing

more than half of that person's support, they get counted in household size but their income and assets don't count. stepparents income and assets do count. more importantly if the stepparent has other children who are also in college, those children count in the number in college which can increase eligibility for need-based aid. tracy: so you need a stepparent with a lot kids, otherwise don't remarry. that is the bottom line. >> yes. tracy: mark, you're awesome. thank you so much. >> thank you for having me. tracy: unfortunately another reason not to get married. joe, you have to get married. we'll be right back with more. don't go anywhere. 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 approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical

conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than 4 hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swalling, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel.

what a day. can't wait til tomorrow. gundyes!n group is a go. not just a start up. an upstart. gotta get going. gotta be good. good? good. growth is the goal. how do we do that? i talked to ups. they'll help us out. new technology. smart advice. we focus on the business and they take care of the logistics. ups? good going. we get good. that's great. great. great. great. great. great. great. great. great. (all) great! i love logistics. tracy: so the "willis report" is inviting you to take part in our cash challenge. gerri is looking for people who want to share their experiences going credit card-free. go to gerriwillis.com for more details.

send her an email. that is tonight for "the willis report." if you don't get us live, gerri will be back tomorrow. have a good night. neil: welcome, everybody, i'm neil cavuto. you wonder why republicans are in prove it. no matter what john boehner says he is about it. he is not caving. just the stupid critics whining. health care thing they were all about killing they're all about fixing. it is true. after prodding by business groups, republicans indeed quietly gone along with a health care law change that expands coverage choices for small businesses. thinking behind the unusual voice voight without debate it make best of a bad situation. one republican likened squeezing