david: hi, everybody. we've got a very busy day. i'm david asman along with liz claman. [closing bell ringing] what a day we are having thanks to the fed. the all the high-flyers. people say money is going away from the high-flyers to the stable stocks. not so today. stocks like facebook, pan door remarks way up as a result of this rally as you can see. all of the indexes are up over a full percentage point. take a look at nasdaq. almost two percentage points to the upside. again the smart money was saying no, you have to go to defensive stocks. not today, it was all going to high beta stocks that led to a huge rally in nasdaq this is across the board, liz. liz: the biggest rally for the nasdaq since march 4th. time for front page headlines. minutes from the federal reserve march meeting lit the fire under the markets. they basically suggested that fed chair janet yellen and other officials wanted to make it

extremely clear interest rates will remain very low for some time. david: there were no hawks to be found at all there. proctor & gamble's stock is meanwhile little changed on news the consumer good giant is selling three major pet food brands in the u.s. and latin america to privately-held mars for $2.9 billion. liz: the world's number one automaker toyota, recalling 6.1 vehicles globally after discovering five different faults. it does not of any crash or injuries caused by glitches. it comes on the heels of rival gm recall of 5 million vehicles. david: must be a record on recalls. bmw had strongest ever sales month in march followed by a recovery in china and european markets. liz: bank of america reached a $270 million settlements with u.s. regulators over allegations it deceived customers to sign up for extra credit card products. the bank did not admit or deny

allegations. david: hewlett-packard is paying $108 million to resolve a dispute with the department of justice and sec over foreign corrupt practices act. it was limited to a small number of individuals who are no longer in the company. a bull rally going on in the market. "after the bell" starts right now. liz: let's get to today, call it what it is a fed fueled market reaction. mike floor ren tino, global financial capital chief global strategist. he give investors what he says three unloverred stocks that will pay investors well. bryan piskorowski says you should not sit on your cash right now, no way. todd who are ritz -- horowitz, we begin with todd. what was it? was there a specific line in

there? >> hi liz, hi, david. look it when, they come and say we'll basically day trade the market, keep interest rates low, there is no hint we'll go higher which janet yellen said two weeks ago in chicago, we'll not raise rates anytime soon, that fueled the rally. right now unfortunately for me there is no place else to go with your money and it is being pushed into the equity market however we are still in a sweeping range of 1840 on the downside, and 1808 to 1890 on the upside, depending how you look at it in my eyes we're coming up to good selling opportunity f you're bull you're saying hey, we're making money. david: one trader quoted on market watch, there was nothing hawkish in these notes spiking about the fed notes. looks like we're going to 2,000 before we have another pullback, isn't. >> you have to look a the fact, listen we've been a 5% trading range for the whole entire year.

our viewpoint there will be more volatility, not less. maybe we see upside. our favorites on the equity front, u.s., developed international and then emerging equity. the big story we have to remember that the s&p is fighting uphill battle this year given sizable 32% gain. david: it is winning the uphill battle. look what is happening with the tape. with the exception of january, every pullback has been very short-lived. >> absolutely. but on the other hand, too, we've gone some nine hundred days without any kind of major correction either and that is a little abnormal as well. our strategy, generally we see most individual investors have a fair amount of equity exposure at this point. we'll be waiting for pullbacks to be adding the equity exposure. nevertheless the key thing here, particularly given outsized gains from a the portfolio management perspective, rebalance your portfolio if you haven't done so recently. we think this is a good time to be doing it. liz: mike, you're a bull. you don't have a problem with

what is going on in the markets. in fact you embrace volatility. we had a bit of it today but reuters is reporting and not to get too wonky here, but the fed fund futures which indicate where traders feel we'll see some type of rate hiking before the fed minutes came out. they were pricing a hike of june 2015 by 50%. it has come down 10 pull percentage points down to 42%. now the expectation we won't see tightening. does that clear the roadway for big stock investing now. >> absolutely. you hit it earlier. volatility knit necessarily for bad thing for a long-term investor and if we get more of it going forward to me the economy is going in the right direction, slow and steady but going into the right direction. any kind of volatility that change long term earnings potential of companies we invest in we want to buy more. fed keeping interest rates lower

that means war on seniors and savers will continue. those that need being income will have to go up the risk curve to get that. i completely agree going forward why wouldn't you want to be in equities? david: todd, you're talking about money moving away from my risk stocks and to defensive stocks. today was exactly opposite. the money was moving into pan door and moving into facebook. all high-risk stocks were winners today. will that continue. >> no, i don't think so. i think that is pretty much what we call a dead-cat bounce. david: it is a hello of a dead-cat bounce by the way, a 6% gain on facebook or 7% on facebook. 5% on pandora. usually if there is a dead-cat bounce it is not that high, is it? >> no it is not. facebook is down 15% from its high. we're getting a bounce. facebook went down to $55 from 74. so we had quite the selloff. when shorts have to cover, remember one thing if you're short you have to cover this market that feeds on the fuel.

when you get a dead-cat bounce they are generally very large and very powerful and look great like you want to get in. really those are the times to look to be selling. nasdaq and russell have broken some key support levels here. i would be again looking for a spot to get out of those and sell those as we've seen. netflix is down 30% from its high. tesla down 30% from its high. so you're seeing a lot of pressure on these markets. liz: because, brian, you like technology. you like consumer discretionary which of course is an opportunity where people might not have the money or money they could on something else like food or, consumerrables and now you've got this. >> but, liz, remember, liz, we are playing the same story here. the same story is the global economic recovery being led by the u.s. side. so for us, if you're looking to areas we're recommending in industrials, info tech, in consumer discretionary, these are all leveraging that global recovery story. for us, the highlight in the names you put out there, those are all very high beta tech names. not all tech names are created

like that. so looking more dividend growth tech names, for example, would be some areas we find more attractive here and may not have that same kind of, that beta. liz: what are you talking about? do you have an example? >> liz, i'm getting a no, no, from my producer because i can't disclose anything with you guys with disclaimer. liz: retail? i know you like technology. would you go into some retail names? >> i think it is a big retailer names. looking ones more focused on upper end spectrum, upper middle class spending where you haven't seen leverage or deleverage which is compromise spending. on tech names, look at massive amount of cash flow distributions being put out there. potential for dividend growth. i think dividend investing as a whole and looking at technology historically that hasn't been a dividend play looks interesting over the longer term. that income story is hard to get into fixed income. we remember a broad based, diversified income if that is

income is brought part of the portfolio and those stocks cab a part of that. david: mike, on day nasdaq, tech-heavy index is up 2%. hard to find any stock that is unloved. you point to one, and a stock you used to name before you name any other stocks before about a year ago and that's apple. apple certainly is unloved in many sectors. why do you think now is the time to buy it? >> to be honest a carry on what you mentioned about technology. this is a company that, let's put it this way, in terms of finding dividend right now it is very shareholder friendly company. it's a cheap stock. those two combinations tell me there's a floor on the stock going forward. if you need any further support there there every time the stock gets $500 a share they start to come to buy their own shares back. risk/reward going forward i'm owning apple because i see a shareholder friendly company and potential for major product cycle with iphone 6 with pent-up demand in north america

especially. david: years ago who would have thought apple would be unloved stock. like jerry seinfeld, how can you not love it. he does. mike says now is the time to buy it. liz: mike sorrentino, and bryan piskorowski. todd horowitz we'll come back to you with the s&p futureshind ush high at the. david: you don't know where the market is going, billionaire investor wilbur ross, he is no guy. he runs towards investments people run away problem. despite a shaky market year-to-date he is ready to put money here and abroad specifically. some of the most unloved foreign countries you know of. where? we'll tell you. liz: china health care giant, ikong making a trading debut with a bang. rallying 9%, right? perfect timing. revenue growth of 50% in the last year and client base of two

million. investors believe in the gold man saks-backed giant. they believe it can soar. it did today. we'll speak to the see owe coming up. david: 8 1/2%. what is more likely to happen first, s&p 2,000 or another pullback? tweet us @fbnatb. your answers later this hour. ♪ ♪ ♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market

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la quinta went public today. let's go back to nicole. david: nicole, what is happening with this. >> la quinta with exciting day and ipo price of 17 bucks. it moved below that level at one point. finished to the upside at 17.12. traded as high as 17.85. we saw it move to the upside. lq is the ticker symbol. we had wayne goldberg on earlier with us today, the president and chief executive officer appeared on the fox business network. they have upscale type, moderate to type upscale hotels in countries and 46 states. exciting ipo here at new york stock exchange. good finish to the upside, lq, la quinta. liz: a bit after drop off last couple sections. nicole, thank you. david: the s&p futures are closing 30 seconds from now. let's go back to todd horowitz in the pits of cme. like any other day we need your guidance. what is the s&p doing in the

futures. >> we're closing up highs of the day. david: wow. >> watch 1880 in the cash. 1880 to 1890. until we break out of that range you want to stay within that range and trade it. other than we need to break out one way or other. eventually we will one way or the other. david: todd horowitz, great stuff. thank you very much. >> thank you. >> listen to this. eight chinese companies listed on u.s. exchanges producing average returns of 88%. so far this year, only two chinese companies have gone public in the u.s. and this morning one of them, the chinese preventative health care provider ikang had a cellar debut on the nasdaq. yeah, they picked the nasdaq. why? why did they list on a u.s. exchange and china's new medical reforms impact the company? how is that u.s. business? joining me is ikang's ceo and chairman lee kang. you closed up 8%, congratulations. you have to be happy with this.

>> thank you. first day ever trading and we're excited about what happened today. liz: talk about your business itself. you have 1.9 million people minimum you serve, i believe it was in 2012 so what did you do last year? you have so many customers, what are you doing for them. >> the last three quarters, fiscal end will be march 30. so for the last three quarters we filled up with remaining people. majority of business is providing annual, to covering employees and individuals and that's the majority of things for the company. liz: what i like about you guys you have a pretty significant corporate customer base. for example, you do work for 71 of the 100 largest chinese companies. and i believe what, 189 fortune 500 companies. what do you do for them? give us an example. >> large companies in china provide medical examination to the employee to keep them healthy. also use this as a way to

attract retain people. each year they sign up with us and make reservation online on ikang website. they go the medical centers. have the annual medical examination. the reason we call medical examination inset of checkups it is pretty comprehensive. you have blood tests and eeg. liz: do you go on sight to some of these companies? >> sometimes but most come to our medical centers. liz: how many medical centers do you expect to build over the next year? >> think point we're operating about 45 medical centers in 15 cities. we still have a lot of places, cities -- liz: can you hold on one second. >> sure. liz: we have bed, bath & beyond earnings. let me get to adam shapiro. he has the numbers. adam. >> liz, what wall street expected, earnings per share 1. 60 on revenue of 1.2 billion. you oral in march bed, bath & beyond lowered guidance between

$1.57 to 1.$61. so coming in at 1.60. same-store sales for the 2013 up 1.7%. liz: by the way you see the stock is getting hurt on that. this may change. we'll have all the numbers cycling through on the lower part of our screen. we go back to lee from ikang. you're one of many health care companies, that has been the hot trend. in fact we had a company that listed. it was a health care reit. it seems to be a real opportunity. how do you view the changes in our health care system where president obama is trying to bring on more people to be covered in what is known as obamacare or the affordable care act? >> yeah. in the united states, opportunity is mature market. but in china, the government is promoting universal coverage but that is basically for -- we have preventative health care side. also, supplementary to clinical system in china. we see potential for that

because the penetration rate for preventative health care in china is very low at this point. only 19%. liz: what surprises you about how medical care works in the united states? how could we make it better? >> well, i spent seven years in this country. i came to this country at 20 years old. took college and graduate school in harvard university in the medical school campus. so i spent seven years in this country. this country is delivering one of the best services but in terms of health care system i think, you know, i believe this come from different interests. focus is on china. in china the great potential is -- liz: yeah. so many people and they all need things like dental care and health care. >> exactly. liz: so there is real opportunity. we'll be watching your company. thank you so much. >> thank you. liz: lee zhang, ticker symbol is kang. closed up 8% on the session.

nice ipo. we thank the chairman and ceo. such a young success story educated here in the u.s. >> thank you. david: what a great story. federal reserve is changing its metrics how and when it will start to raise interest rates. markets smelling more dovishness and really booming but is the market getting the right message here? we'll ask an all-star panel including a man who has the inside track on the fed's thinking. he has it right so far and you will want to hear what he has to say. no surprise billionaire investor wilbur ross is looking for opportunities in the beaten down med club countries like greece and portugal. he has his eye on invests on this side of the planet. wilbur ross will tell us where in a moment. ♪ gunderman group is a go.

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liberty mutual insurance -- responsibility. what's your policy? david: the markets moved dramatically to the upside today on news that the federal reserve had a secret videoconference to discuss softening their unemployment target for raising interest rates. turns out that one of our next geoffs saw this coming. "the wall street journal"'s jon hilsenrath had been asking fed officials for weeks before their last meeting whether major changes in employment habits made their 6.5% unemployment target perhaps obsolete? joining us is jon. as well as jeff cleveland, payden & regal chief economist. jon, kudos to you man. you saw it coming. we were talking about this last time or maybe two times ago when you were here. were you guessing or did you have some inside information about all of this. >> well, we had information actually are "the news of the world" could see. it is interesting.

you know, so the fed had this conference call on march 4th, a couple of days after that. they were in their blackout period yet. we did an interview with bill dudley, the president of the new york fed and he basically said in this interview which we had on our website and we made quite a fuss over, that there they were going to change their guidance on interest rates and drop that six 1/2% threshold t was out there for the world to see. the new twist is that they had already had this discussion to get that whole discussion going before the meeting even started. david: how unusual is it, to, jon, to have a sort of a secret meeting like this? >> well, all their meetings are secret but in this particular case, it was a little unusual. so the fed had a lost emergency meetings during the financial crisis with where they would get together in emergency videoconference call and talk about some new program they had to launch the next day to rescue the financial system.

they haven't had that many meetings where they would get together a couple weeks before a policy decision and let's start talking through some of these issues. that is what happened this time. they have done it a couple times. it tells us something about the way janet yellen will run the place. she is a person who is very focused on preparation and she clearly wanted to get the committee prepared to make a decision at this last policy meeting to drop those thresholds. david: jeff cleveland, let's talk about something a concern for some people, certainly not traders, but some economists are worried that the fed is going to get too interested how the market will act and even acting in a proactive fashion to affect market action one way or the other. there was a lot of references in the market in this report. sometimes you have to read between the lines to get there but is there too much -- people like paul volcker, for example, never gave two cents how the market would react when he was looking to shore up the dollar

or deal with employment. >> from a bond investor perspective, a market participant perspective maybe the fed is doing a little bit too much here. they're giving as you 900 word policy statement and they're giving us a set of dot plots about the future path of interest rates. i'm sure they're watching your show, david. so a little suggestion to them, drop the dot plot, please. david: you're going to have to tell us what the dot plots are, sorry. >> a dot plot is a collection of all the forecasts next couple years where interest rates will be and where the fed funds rate will ultimately end up and that is known, a series of dots literally. that is become known as the dot plot. the market obsessed over that a couple weeks ago and then today with the fomc minutes, it was, noted within the minutes that perhaps there was too much information in these dot plots and, i just think they maybe they should put those aside. david: jon, they tried to deny they're moved by the market or with concern about how the market will react, but don't

they use market reactions as one of their mandates now? >> well, so, you kind of have to distinguish between the markets. do they care about market movements and market expectations in yes, absolutely, very much. but what they're most interested in actually is a market that we spend very little time talking about. short term rate markets. euro-dollar futures. fed funds futures. they want to know what the market thinks, they're thinking. they want to know how the market is pricing the for interest rates and they are definitely trying to influence that. you know when it comes to a day-to-day movement in the stock market or whether some hedge fund gets beaten out of some trade they overcommitted on, i don't think they care that much about that. i mean they don't, i don't think they care that much about stock market volatility. you know, i think they do care if the stock market collapses because that affects household wealth and whether consumers are going to spend. but it is really rate, interest

rate expectations that they are very actively trying to shape and yeah, they watch that really carefully. david: jeff, shouldn't they care about another reaction? that is the reaction they may have on inflation? inflation they say is not a concern. if anything there is a concern there is too little of it but the average american out there is spending a lot more on food, a lot more on fuel. should they not be more concerned about the average american and how they are spending more money because of inflation than they are on the stock market? >> well we could argue what the correct measure of inflation is but reality -- david: reality people are paying more for food and fuel, no doubt about it. >> the fed is looking at core pce and core pce has been hanging out and 1.1 other 1.% for nine consecutive months. it is way below the fed's 2% market. they're failing to meet on that be a objective. they're worried about inflation being too loy, perhaps being lower, and in fact this is

global phenomenon. global central banks are really worried about this. the reality they will likely keep rates low for even longer because of the inflation situation rather than what we heard a few weeks ago, the drumbeat was that, the labor market was getting tighter. david: right. >> wage growth is around the corner, inflation was coming. today we learned that story doesn't have a whole -- david: jon, i know you're itching to get in. i have to ask one one. i'm not maria's show. i don't have a whole hour. i have a short time span. what about hawkishness? one trader was quoted saying i saw no hawkishness at all in this report. did you? >> no, i didn't see much. i think they leaned very much toward this idea of keeping rates low. i agree that, the worry with the fed right now is inflation is too low. not that it is too high. >> right. >> i will use this as excuse to make that exception i was going to make. gasoline prices are much lower today than they were in 2008.

>> right. >> oil prices are much lower than they were in 2008. so, you know, even on this, the fuel, certainly natural gas prices, even on that count those numbers are lower -- david: jon, i have to correct you. giving me a wrap. in fact it depended what time in 2008 you were talking about. certainly december 2008 were lower. >> down from the peak. david: not from the summer of 2008. they were $140 a barrel. we have to leave it at that. jeff cleveland, jon hilsenrath, great starve. thank you very much, guys. liz: when the market zigs he zags. billionaire investor wilbur ross is ready to put money areas he says that are facing difficulty. where and why now? he tells us exactly where on the planet next. david: also, do you love monet or any great painters but don't have millions to buy their artwork? a new sight being called the pandora of art will recommend something similar that won't blow out your bank account. the company counts google's eric

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see if your business qualifies at startupny.com we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did i" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. david: when you talk about investments you usually don't go out of your way to look for those having trouble or under pressure. liz: that is exactly what our guest likes to do. he is known for doing it. he is getting ready to put money to work right now both here and abroad in precisely those types of areas that are under pressure. with us now, wilbur ross,

w.l. ross chairman and ceo. always running toward the fire and not away from it. let's go macro to start. why do you do that? how does it work so well for you? >> i don't know how to do anything else. liz: genetic, isn't it. >> don't have much choice. liz: talk about what you're doing these days. there are regions right now, not specifically sectors but regions you're looking at you find extremely attractive. >> we're particularly looking at southern europe. as you know from prior shows we've been looking at it for a quite a while. we think make now is time to do something particularly in a place like greece. i'm impressed they're hitting the long-term debt market for the first time in quite a few years because they already achieved getting a primary surplus. namely a budget surplus before debt service. if they can bring the cost of debt service down and get access to the market, you have a whole new ballgame. david: by the way it was only two years ago, 2012, when a

10-year greek bond was yielding 28%. >> that's right. david: it is yielding 6 or 7%. >> under 6 i think they will bring this one at. david: did you buy into it at all with 28%? >> no. a lot of those bought cheap things turned out it wasn't so food. remember there was a small come prerising of the -- compromising of the debt along the way. >> went to greece and at a certain point you doned a gas mask. >> we spent a lot of time in greece. liz: southern nations are known as club med, nations of europe. they're in the sunshine. like play versus work. how do you see, how do you go about dipping your investment toe in these waters? >> the key thing you need sew tight sal reform and political reform. that made them different than ireland. that is why it has taken longer to get them fixed and why it has taken us longer to get confidence with ireland you

didn't need to change the labor laws. you didn't need to change the whole economic structure. you had to deal with the problem of the bailout caused by the banks blowing up. that was easier fix because it was time-denominated. you knew there wasn't anything fundamentally wrong. these other companies had to make very painful changes. they laid off a couple 100,000 civil service workers in greece. david: i wonder if they get it. wilbur, you were an old supply-sider if i may. you believe in lowering the cost of production as a means of increasing productivity. >> sure. david: it makes sense. ireland had a history of that. ireland had lower tax rates. that sort of led to the boom. unfortunately got into the same problem we did financially. >> right. david: but these countries seem to take imf advice which means not necessarily lower tax rates so what makes you confident they are going to grow? >> the rates are one thing. the problems these countries had people weren't paying tax.

theoretical rate is one thing but if nobody pays it, what is the difference? david: that is the dna that goes back centuries, practically. >> goes back to the byzantine empire when it was the ottoman empire, it was patriotic tax not to pay. david: do you think you can change that in two years? >> i think they are starting to change. is it totally finished? no. is there more to do? sure. but i think it is enough of a fix, that think about it if you buy into a bank in a little country you're buying a warrant on that economy. as long as you get a good directional feel then maybe you're okay. liz: what is your best win over the past 10 years, the best, i jumped in at the worst point and really came through i know you had brilliant trades over the past 15 years in coal and steel of course. then you also got involved in distressed areas after the financial crash. >> maybe bank united. that was pretty quick because we went into it just before memorial day of 2009 when

everybody thought florida would be the new lost continent of atlantis. david: i love it. >> turned out not to be. and 18 months later we took it public t was largest american bank ipo in history. and it was ran three times our price so. david: that's what you did. what about what you are going to do? i want to focus on china. >> this is trap. david: it is a trap. we admit it. but china and your interest in natural gas in particular, their fracking. they have more reserves, believe it or not, than we do in the united states for natural gas they can get all the fracking stuff there. how goes that movement? >> it is going to go slowly because their geology is much more complicated than it is here. i'm not a geologist, so i will just parrot what i've been told by people who are. china's reserves are from the early paleozoic era. ours are from the late.

there is big-time difference. david: bottom line meaning? >> there is more time for the tetonic movement, for the rock structure to shift around. therefore the reservoirs are not as wide and flat as they are here. they're kind of chopped up. so the economics of it, will be better than the current gas price in china but they're not going to be nearly as food as it was here. plus, water, you need two barrels of water for a barrel of oil equivalent. a lot of parts of china water is in pretty scarce supply. so they have their challenges. i think they will solve them. it will be a little slower and little more expensive than it is here. liz: he is patient though. that has served you very well. >> as you get older you learn to be a little more patient. david: some people do. wilbur, thank you very much. >> wilbur ross, w.l. ross. you know how the music service pandora works in the music that

will contemplate -- economy meant your musical taste. there is pandora for art. the ceo is here to tell us how it works next

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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. 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. david: a new york based startup is trying to become the pandora of fine art and caught the attention of a lot of big-name investors. liz: you have to see how it works. we're going to show you and can it be a household name like pandora?

joining us the artsy ceo and founder. we love this because it is democratizing art collecting, correct? >> that is the grand mission. we want to make art as popular as music is today. david: show them how. liz: so here's website, right? what david and i threw in, we like andy warhol, okay. david: well it is an easy one. but i'm not crazy about him but at any rate. i just wanted to throw that in. liz: you show the andy war holes. david: that is the real stuff. >> this is the real stuff. in sort of pandora fashion you go up and get artists that are contrary -- >> pop artists. liz: similar in style, correct? >> but cheaper. that's the key, right? if you can't afford a warhol. >> sometimes cheaper. sometimes you get the artist there are no works for sale. it recommends artists genetically similar. by genetically similar in this case are they pop artists in are they referencing pop culture? are they using silk screens.

these are the genes we look at trying to -- david: chances are people like me who like fine artists monet an tough but i can't afford those. i look for one of the impressionists but i look at living artists doing similar stuff. not to hang it up as an investment or fine art. >> you see younger contrary artists influenced by monet and warhol. the majority of people using artsy they're not looking to buy art. they're looking to learn more about art history and education. liz: here is an example. if you like andy warhol, there is this piece for 7500. david: 2900. liz: 1970. you get the picture here. we can cycle through some of these. how do you make your money? do you take a commission? >> no. galleries pay a listing fee to be on the platform and we collect them with collectors interested in their art. david: how did you come up with this idea? this is your first job out of college, right? >> that's right.

even in college. i started this my senior year. cliche is true for us. david: what was brainchild? how did it all begin. >> my father was a art writer. he brought me up dragging me to museums and galleries. i started physically ended up in computer science and engineering. no way, this is my dream job. liz: it is perfect. comes with the website. >> and iphone app. liz: iphone app. >> it has been really popular. liz: what is the most expensive piece you sold on artsy? >> i don't think we're talking publicly about are that certainly seen sales in the six figures. david: six figures? most of the sales though are what? >> most of the sales are lower, four or five figures. david: okay. may put out a three figure. >> hold you to that. david: okay, all right. by the way there are some big-time investors involved in this. >> that's right. david: like. >> on tech side we have joshua,

peter thiel, eric dorsey, eric schmidt. major gallerier dealer. wendy murdoch. so it's a good group. its important that we kind of have investors that represent both technology world but also the art world. that is what we're trying to bring together. liz: we're asking everybody from heavy does companies like waste management to people like you. are you hiring? >> we're hiring agrees sieve live. like all startups liking for data processing scientists and we're hiring people on art side. majority of our team, people who work with galleries, people who do sales. art historians who work on the art genome project. it is interesting -- david: can we put up on our website how people out there who might think they fit the bill get a job. >> that would be inincredible. i would love that. david: we'll do that on our fbn and twitter. >> thank you very much. david: wonderful idea. liz: do you have dogs playing

poker? >> i have to get pack to you on that one. david: surprised to say cats paws. liz: velvet elvis. carter cleveland. david: great to see you. >> thank you for having me. liz: there is the iphone app so check it out. david: we'll put that uponline and check our online. comcast executives meanwhile on capitol hill making the case their $45 billion acquisition of time warner is actually in the consumer's best interests. do you agree? liz: will lawmakers agree? plus, could google glass be used on the battlefield? we'll tell what you the air force is planning for this wearable technology when we take you "off the desk." hi, are we still on for tomorrow?

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david: comcast and time warner cable executives had a tough sell convincings skeptical legislators trying to convince the purchase of the company is in consumers's best interestings. liz: rich edson is in d.c. is the deal gaining support or losing support. >> this is plenty of support and plenty of opposition. they wanted to sign off on the $45 billion deal. if approved, comcast will be in7 of the country's 30 largest markets and still own a major

content provider for nbc universal. before a sometime skeptical senate judiciary committee, comcast and time warner contended their deal will bring better services for their customers. >> there are vast number of competitive choices and that is why the scale that we're trying to get here to stimulate investment, to provide a better experience for consumers, is so important to us and to the american consumer. >> comcast can't have it both ways. it can't say that the exist continues of competition among distributors including time warner cable was a reason to approve the nbc deal in 2010 and then turn around, a few years later and say, that the absence of competition with time warner cable is a reason to approve this deal. >> opponents of the deal say such a large company providing video, internet and content will prevent competitors from entering it these markets prompting price hikes for

consumers and greater leverage over content providers. comcast downplayed its influence saying content providers have leverage in negotiations how much money per subscriber their channel gets. the department of justice and federal communications will approve or attempt to block this deal eventually. the companies say they filed paperwork with both to review the details of their agreement. back to you. david: rich edson, inside the beltway, rich, thank you very much. liz: a 40-hour work week could be a thing of the past. one city testing a mandatory fixed hour work -- six-hour workday saying it could boost productivity. david: how? liz: we'll tell you where that is, david. gunderman group.

gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. growth? growth. i just talked to ups. they've got a lot of great ideas. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! awesome! awesome! awesome! (all) awesome! i love logistics.

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? ♪ david: time to go "off the desk." google glass is used at everything giving fans inside look at nba warm upsession to live saving surgeries on the operating table. the newest use could help our

forces in combat. batman for short research team is running tests with google's washable technology. google glass could be used to help locate targets, communicate with ground forces and assist in search-and-rescue missions. good stuff. liz: also off the desk, lure of smorgasbord is not enough to lure to you sweden maybe a six-hour workday in sweden. sweden is known on emphasis on work life balance and only country that enforce as seven-hour workday but could the number get lower? some employees in a swedish city of got themburg will take part in test to evaluate the impact of seven, but a six hour workday. the group's performance compared to people working a standard seven-hour day. the theory shorter workday will improve productivity and save money and enhance workers overall well-being. david: i don't know. we asked you on twitter and facebook what you think is more likely to happen first. s&p 2000 or another pullback. tom on twitter saying, i look

for a major pull back, a much-needed correction is due. liz: number one thing to watch is jobless claims data. we finished out the day with a huge rally. david: all right. we'll see you back here tomorrow. gerri: hello, everybody, i'm gerri willis. right now on "the willis report," a major security flaw in millions of websites. what you need to know about the heartbleed bug. they're the other oners. most of your medicare money is going. special report, user's guide to education. what your college financial aid office isn't telling you. we're watching out for you on "the willis report." gerri: the irs is looking out for you. i'm not kid you. at least that is what it claims in a new report to congress. the irs went undercover to audit tax preparers and it is warning consumers on what it found. with more on this