says the central bank, quote, has a continuing commitment to support the recovery. more from the fed in seconds as the beige book is released. stopping the bleeding on the nasdaq, yahoo! helping to left the tech-heavy nasdaq. detroit's plan to get rid of vacant homes. show what you $1,000 an buy you there. even when they say it's not it is always about money. melissa: news on the beige book. let's bring in peter barnes. >> melissa, that's right, the beige book says the bad weather is fading and good weather is good for the economy. what a shock. this is the report on the health of the economy that the fed will use at its next policy meeting in just a couple weeks from now. quote, the expansion was characterized as modest to moderate in eight of the fed's 12 districts. chicago as one of the other ones reported that economic growth

picked up. new york and philadelphia indicated that business activity had rebounded from weather-related slowdowns earlier in the year. consumer spending increases since the previous property in majority of districts, in part due to better weather. the beige book says, and manufacturing improved in most districts. also, thanks to the better weather. melissa. melissa: let's get to james romelli. peter, stick around to see how markets are reacting to this news. james what do you see? >> only, reaction on beige book are muted. looks like the markets are holding the bid relatively well. one thing traders need to be aware of around the release of the number. it is holiday week. volumes are things and easier for algos and institutions to hunt for stops. vix is higher today. markets hold these levels i think or head higher into the close. melissa: james, thanks so much. i want to bring in my group now. federal reserve chairman janet yellen speaking at the new york economic club. peter is here. we have charlie gasparino and

"wall street journal's" james freeman. a lot of fed stiff going on. this had a big impact on the market. what did you guys here that stood out to you? >> the economy is continuing to grow not we like, not reagan growth or clinton growth but pulling out of the winter. i don't know why janet yellen feels comfortable to say, okay, the money-printing era is ending. melissa: the quote from the economic conference saying normal employment is more than two years away. shows you how far we have to go. >> we should point out normal economic cycles, recoveries last about seven years. if you say at the bottom of the market or bottom of the recession was sometime in early to mid 2009, we're in, we're, at that point where we're hitting end of that cycle and the economy has not improved that much. i don't know -- melissa: are you saying we're way behind where we should be? >> what else do you have going for you if you have weak economic recovery and end of

economic cycle but printing of money? melissa: peter, go ahead. >> there was nothing in fed chair yellen's speech or in the beige book to knock the fed off of its policy course. ie, it will continue to taper, quantitative easing bond purchases through the end of the year and through the fall. it will start to tighten after that in a couple years, start tightening -- >> we should point out the taper is kind after bs thing. >> baked in. >> "the wall street journal" had a great column today. george malone. you might have he haded it. >> no i didn't. he doesn't need much he had iting. >> you read the column how basically they're tapering by essentially buying more long-dated treasurys and mortgage-backed securities which has impact of actually infusing the market with cash as much as the buy back? did i characterize it right? >> the point, talk about a taper but the government is still buying lots of securities.

85% of the mortgage-backed securities. so this is still a lot of money-printing. >> what malone is saying because they're buying more long-dated securities, without getting too much into the weeds, that has impact infusing economy with cash as much as stimulus. >> still a lot of stimulus. >> massively stimulant. >> what we need a fed chairman who understands the limits of her power. the government has done all it can. the central bank has printed all the money the economy needs. melissa: what if she doesn't? it seems like they have done as much as they possibly can. we are where they are? no signs this is going to stop. >> historically low. you push all this cash. >> there are no atheists in a foxhole. the question becomes this, if we start doing what you guys want to do, not you but you, which is stop the taper, does the economy go into head spin? this is not a strong economic recovery. banks still -- melissa: hang on.

hang on. what do you think about the change in tone? i mean the last time she came out, she seemed to be answering questions more off-the-cuff. she gave us that six-month time horizon when rates. >> markets went down dramatically, everyone panicked. there was question was that off-the-cuff or say that on purpose? question today, the question answered you were there. very controlled. very controlled. >> they know what questions are coming. the pr team got to her fast after she ad-libbed that six months from the end of tapering to start to raising rates. she will not make those mistakes anymore. >> think about what the administration has to brag about on the economy? nothing else. this has been a very weak recovery. you can always point to the wealth creation which is marginal, from the stock market. stock market has gone up, from six to 16 plus. that is their only achievement. you don't want her screwing that up. melissa: takeaway from the beige book, the weather is better. that seemed to be the bottom

line. the letter was referenced 119 times in the last beige book. now you know, the weather is better. the economy is better. >> weather is fading. melissa: they're weather forecasters. >> imagine a big silver punchbowl, right? the punchbowl is still there. not to take away the punchbowl when the party gets started in? remember the punchbowl is still there. >> remember what they blamed weather on for the lousy gdp and unemployment numbers. that she they say is weather-related. she is only tapering modestly. melissa: thanks, guys. charlie will stick around. strength in tech. yahoo!'s results turning the tide. up to ibm and google to end a brutal selloff. not one, but two, but six cameras on your smartphone. why would you need six? a look at amazon's new phone. let's say it is not looking picture-perfect. more "money" coming up. ♪

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melissa: so goes google, so goes the nasdaq. wall street is holding its breath for the internet giant's earnings report expect the hours from now. positive numbers from google could pull the index out of a tech-fueled slide. but a lackluster quarter might throw nasdaq into a free fall. we have fortune senior editor-at-large lash lash. we have, adam lashinsky. i don't see adam there. we'll wait for him. adam, what are you expecting after the bell from google? adam, are you with us? all right, james, i don't want you to feel like you're my third choice, [laughter] we can hear what you have to say now. so what are you expecting from google after the bell? >> expectations have been appropriately set low for me. so, i don't know what, i'm not making a prediction. but i would think you have to say generally if yahoo! is

growing slowly, google is probably growing pretty quickly. obviously you've got nice news on the yahoo! front that their core business is growing. of course alibaba, the chinese company is growing like gangbusters. so i would expect a lot of people in techland thinking this might be a pretty decent report from google. do we have. melissa: do we have kessler with us? can you hear us. >> i'm ready to go. melissa: what do you expect from google after the bell. they make up 5% of the index. the nasdaq has been on persistent and worrisome slide. what do you expect? >> i don't disagree that much with what james said although what i would say google has been a consistent grower for the last number of quarters. they seem like clock work to report around 20% top-line growth from that kind of google search segment and the interesting wrinkle this quarter is that they have moved to sell the remainder of the motorola business that they owned. and so i think the focus is going to be a lot more on

mobile. mobile has been helping volumes but hurting pricing. we want to see if they're getting around that issue to some extent. what if anything have other businesses been contributing to the mix, like display which include youtube as well as android for example? melissa: the flip side of the coin you know ibm coming up's well. they have failed to have revenue grow in the past seven consecutive quarters. do you think this is going to be different? scott what do you think? >> i don't think it will be very different, melissa. but i think that people are probably looking for ibm to show signs of stabilization. and they have moved as well as google has to sell a big part of hardware operations to lenovo in china and we think that's going to enable people to focus more on their services business, which we think is stronger. it's also i think more cyclical. so if we do think the economy is growing and poised to improve for the balance of the year, particularly in europe, we think

ibm could actually start showing some signs. that is really all you need when you're trading on 11 multiple. melissa: sort of lived by that services business and is now struggling with it as others seem to passing them by and not keeping up with cloud technology. they were among the first to really invent themselves as services as a business and now it seems like it is really tough to keep on the technology from their perspective. james what do you think? >> that may be true but i think everything we've been hearing from the fed, for example, is that the economy generally is growing now. not again, the fast growth we'd like but seems to be shaking off the winter doldrums. obviously stocks have taken a hit when earnings this quarter have not been what people hoped. maybe news is looking up with faster growth. melissa: we'll leave it there. gentlemen, thanks so much. >> thanks a lot. melissa: before you go let's touch on the new amazon phone. we were talking earlier in the

week. we have images said to have been leaked. look at this. some say, this is the actual phone in the works. let's just say that people aren't so impressed with that. i don't think it looks that bad. everyone on line is complaining how ugly this thing is. here is the good thing. it seems not to have one, or two, but six cameras which will be used to create 3d i imagines which would be pretty neat. i don't know. james, what do you think of that? scott are you still with us to comment? >> i'm still here and i heard comments. >> i think it is awesome. melissa: you think it is awesome? why do you think everyonesy sag it is so ugly? >> we talk a lot about the drag on economy from bad policies how we wish things were going better this is one area we're seeing tremendous innovation. it makes you kind of optimistic about the united states, seeing this tremendous competition. we've got in the tech sector and this and this space if

particular. melissa: why is it so square? looks like you could hurt yourself in one. corners. don't put it in your pocket. you could end up injuring something important. it looks dangerous! >> this is good for consumers to get a big well-funded player here. it will make the iphone better. it will make samsung's products even better and probably i would guess put a lot of price pressure on those companies as well. melissa: scott, i will give you the last word. >> i think it's great from the perspective of innovation. however, i would acknowledge that 3d has kind of had some mixed history when it comes to the variety of technology applications over the last three to five years. so, i'm not necessarily so sanguine on this offering at this point. melissa: okay. gentlemen, thank you. from the u.s. to every corner of the globe money is flying around the world today starting in china where bitcoin exchange, btc, shrugged off a local crack down and installed the first

bitcoin atm. they can head to a shopping mall in shanghai to exchange their money in krypto coins. a new picasso app lets them sell and buy bitcoins from their mobile devices. sweden, thousands of people signed up to pay for items with their blood. a vain scanning technique allows them to take -- vein scanning technique, using palm of their hands. you saw similar innovations here on "money" set. the technology is about as secure as it get gets. a priceless lock of napoleon's hair has been stolen. burglars broke into the store south of melbourne with a well-planned out robbery. this was given bit french emperor in exile on a south atlantic island. oh. hollywood fighting to keep its name up in lights. still to come, california's plan to steal back film-makers who have taken their show on the

road. a new baby in the family. jeep's latest suv in a much smaller package. it is kind of cute. we hear from jeep's ceo next. do you ever have too much money? ♪ ♪

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melissa: investors are not banking on this company after its earnings report today. shares of bank of america are sinking. adam shapiro is at the new york stock exchange with more on all the action down there. adam. >> right. when you talk about bank of america you're talking about what, $6 billion in litigation costs already. credit suisse warns they have maybe another 3 to 5 billion in legal challenges going forward.

reuters is reporting that bank of america is in talks with the united states department of justice on its probe of merrill lynch and possibly a settlement in the works. you can expect it will be the standard line, neither admit or deny any wrongdoing but perhaps a billion dollar settlement. it was leaves $276 million compared to year ago in the first quarter where they had a profit of 1.48 billion. the earnings per share, loss was five cents. the street was expecting a gain of five cents. year ago first quarter, 10 cents profit but earnings per share loss of five cents. would be adjusted 14 cents if they had not had litigation expenses. melissa, adam shapiro thanks very much. jeep unveiling the first model at the new york auto show, the first-ever built in italy. it is renegade. they hope it will be replace unloved jeep compass and liberty models. joining us fox business correspondent jeff flock. he is with jeep president and

ceo, mike manly. jeff, take it away. >> i will show you something you've never seen before, melissa. that is the new jeep renegade. is radical depart -- departure from what jeep has done before. what am i liking at mike? >> you're right, this is small segments and we've never been in there before. >> you think this is big. small suvs, seems like everybody wants to get into the space. look at the lights. this is a cross i think between a wrangler and cherokee but it is like somebody was sleeping with somebody. i don't know what it was. >> clearly as jeep designed cues and from a wrangler perspective it picks up the windshield and trapezoid wheel arches that you can see those echoed in wrangler as well. >> i want to look at unveil. this is jeep. first and foremost when you build a jeep you better make sure the damn thing goes uphills, and over rocks. this being small does it do all

those things. >> absolutely. that is the most important for our brand. most capable suv in its segment and can go on extreme trails. it has all the technology to do that. >> current management of this company is doing what nobody successfully, melissa has done before is take the jeep brand worldwide. this for example, will be built where? >> this is being built in europe. first vehicle we've had built in that continent ever i think. so it is a expansion of manufacturing footprint which is part of our global strategy. >> then you not only want to build it somewhere else and sell it a lot of other places. can we make some news today? what about china? i know you've been negotiating there. where does it stand? >> we had really strong quarter. negotiations in the first quarter. we progress the significantly well. we'll have big news by the end of thisis mononthth.. >> b bigig n newss by the end os month? >> by the end of this month. yeah. >> okay. we'll stand by for that. but i smell a plant somewhere in china? that's what i'm smelling. >> we've been very clear that we

need to be localized in china and that's been our goal for some time. so, stay tuned. it will be big news. >> read between those lines, melissa. and this, i don't know if you like it or not. melissa: i do. i do. i think it is really cute. >> it is kind of cool. melissa: it is really cute. i owned many jeeps in my lifetime. i'm biased to the brand. i do like it. i think that is adorable. it is very cute. thanks to both of you. i think you squeezed some news out of him there. jeff, thank you. before we head to break, listen to this. we're barely over all the stress from tax day, right? now the irs has a new surprise up its sleeve. it is reportedly looking to tax work perks like food and gym memberships. they want these things considered as compensation. could be considered a benefit without question. the irs middle east get something out of it but few others will. work experts say a tax on perk was have devastating effect on employers and employees. companies will offer less perks

and rewarded with lower productivity. what do you think, james freeman? this is classic. >> just what we needed more complexity in the tax code, right. melissa: right. >> now we'll be parsing out which things in the office are benefits and which aren't. melissa: right. >> when you get a cup of coffee, did you use the sugar or cream because we'll tax those? melissa: right, right. that was compensation. that was untaxed income. you went over to the fridge, got water, untaxed income. >> they love these kind of money grabs. if you want to be optimistic they tried this a few years ago with cell phones and got slapped down. let's hope this effort meets similar response. melissa: it is untaxed benefit you get at work. but at the same time, this is, these are the things that employees love that keep them working. government gets their plan in everything. from hot to not, every single ipo deal on wall street this week spicing below expectations. is the door to go public about to slam shut. open house in detroit.

ebay-style auction to get rid of vacant properties. all you need is 1,000 bucks for a home. we'll show them to you. tell me what you think. "piles of money" coming right up. ♪ 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.

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♪ ...who work with portfolio management experts, that's when expertise happens. mfs. because there is no expertise without collaboration. melissa: holy inventory, oil prices shooting to nearly $105 per barrel. on ukraine concerns. let's bring in phil flynn on if ukraine is getting pushed to the back burner now. what do you think? phil: nothing like the inventory to call concerns. we saw the market will back but

still a lot of fear on the market. we still have some risk premium built in. leading the big rally we have seen in oil, the market is still nervous about ukraine, but when we have a big bill in inventory to hold it off. melissa: we are bringing in this story because it affects you at the pump. does it feel like ukraine will come up again and move this even higher? >> that is the main reason were elevated. 17 different reasons to fall lower today. weaker chinese economic data. news of libyan exports returning soon and yet it was the 10 million barrels bill that caused us to turn negative today. i think of it wasn't this ukraine issue, we would be somewhat lower than where we are right now.

melissa: i will give you the last word, where do you think we are headed? phil: we produced 8.3 million barrels of oil per day. the highest since 1980s. things calm down overseas, where going a lot lower. hate to be short this time of year. melissa: bad news for ipos this week. every single one has priced below expectations with six more companies planning to priced tonight, more concerns could be ahead. already some 120% rise in ipos from last year, so it's a golden window of opportunity for new companies to go public closing? here to break it down, adolescents he and john merrill. what do you think? what do you think about this? you look at the ipos, every single one coming out, it feels there has been a change. >> there has been a change.

most of the ipos are average companies because most companies are average. when times are hot, they do well, when times are not hot, they don't do well. nothing you said i have to on this. when high-quality companies go public like google and facebook, no matter what happens in the first days and weeks, those are serious events, they can go public in any market. liz: i have 29 names of companies who have come out in price below expectations recently, there are no good companies in there? maybe there is an opportunity. >> if you dive deeper into individual company to find out about that specific company. in general what adam is saying is right. very hot beginning of the year because the hot stocks took off, on the coattails.

they go up with them, but they're falling awful off a lot in the last three weeks and that is what is happening with the ipos. >> they price below expectations. this means the prices investment bankers thought they would get are wrong. we are not idiots, they are doing the same thing all the time, select tells you the mentality of the marketplace has changed a little bit. it doesn't say anything about the companies they priced below their expectations. melissa: they don't like that. other ipos coming out soon, do you think there are opportunities in the market is feeling negative, does that mean we have saber, fortunes warehouse, some names coming out soon. are those opportunities if the market is negative? adam: alibaba is supposed to come out.

this is one of the great chinese internet companies. i have no conviction on a valuation whatsoever, but that will be a company which will be successful 10 years from now, i predict. melissa: we don't know exactly when they will be filing. what do you think, is there opportunity? >> if you look at at it from a standpoint a one-on-one basis, sure. but who is setting these up? they are selling. you have to take that as a context of the opportunity here. melissa: thank you so much. coming up, think of detroit by the new way to avoid bulldozing all of the empty houses. you could say it has been looking to ebay for some inspirations. details next. at the end of the day it is all about money.

melissa: i am melissa francis with your fox business brief. gjim is asking court for protection against lawsuits. automaker wants a court to shield them from all cases related to faulty ignition claims occurring before it went broke in 2009. soda stream shares are soaring on a part that is talking to a

large maker about a minority sale. the company may be about to sell 16% of its shares for over a billion dollars, possibly buyers could include pepsi and starbucks. hbo show "game of thrones" setting another piracy concerns imac record. the most illegal downloads to date. more than 200,000 users were all downloaded episode at the exact same time. that is latest from the fox business network giving you the power to prosper. i've always kept my eye on her...

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melissa: whether it is on wall street or main street, here is who is making money today. anybody with a piece of carl like an enterprise. soaring after a very upbeat note that said the stock is undervalued. investors were convinced shares up around almost 9% right now. good for them. he has 102 million shares through the associate units. making $800 million today. nice work. also making money, larry fink. making $30 million in 2013 of more than 13% from the year before. that included half a million dollars in basic salary, nearly

$10 million in cash. losing money today, atlantic city casino has been ordered to cough up $2 million a players after fake chips discovered in a poker tournament. the 2000 players were affected. an investigation found it was not at fault. get them while they are hot. detroit is auctioning off 15 foreclosed homes with a starting bid of $1000. is this a good deal or investment trap? here is real estate expert. have to start with you because you are the expert out here. so this is really an pacing. they are offering one house per day, starting a $1000, the pictures are cute. highlight with some of the good deals are.

1600 square feet, somehow three bedrooms. >> we are talking a real estate auction it is all relative because when a home starts being bid on at $1000, oftentimes it can end up going for well over what the real value of the property is. with interesting with this particular option is the bank is requiring the buyers to renovate and rent these homes within six months of purchase. so i pick properties that require very little renovations. maybe $15,000 in rehab cost because of the short turnaround. melissa: another one you thought might be a decent investment. is it hasn't been totally stripped. all the rest of them have? >> the one that even have pictures of the interiors, if there's no pictures of the inside of the house, it is worse

than what you even imagine. i still look for the kitchen and bath. had a garage, slightly larger in square footage because you could get more rent for them. melissa: you like this one, he said it had great curb appeal, what do you think it is worth ot starts at 1000? >> i look at all of the values, fully renovated, most of these homes are worth 33-$45,000. now that means you have to buy this home for 1000-$4000 because these all need a lot of work and you never know what you're going to get with an auction property once you get in there. melissa: number four on our list, just down the street, but she says it has major structural damage which would cost a fortune to renovate.

what would you say? it is $1000. there has got to be a deal in there somewhere. >> ones who are local, who can buy multiple properties and improve the whole neighborhood. the going price is like 33-45. if you improve enough of them that he can bring it up to 45, 60. basically leverage is improving. melissa: number five, three bedrooms, one and a half bath. they need a ton of work, a huge treat remove inside. since ibm's highest and completely stripped. >> bill new line people in the state. they have all of these rules, this is why governmen the govert

should not run anything including auctions. too many rules. they don't want speculators. melissa: you have the chance to be a landlord. not a good deal? >> it would mean somebody expects the home values to rise. melissa: why should anybody do any of this? >> personally i would not touch this with a 10-foot pole. my bigger question is who is going to rent these homes. people are leaving in droves. melissa: your all this mess. thank you. something we have a touching a lot on here at "money." this is not going to help things. at a themselves a long list of towns in the region calling for a ban on sleeping in cars because it affects the quality of life and makes the town a

magnet for more homeless people? that is who get hit the hardest with this band. 92% of homeless people already lack shelter of any kind. this is an area where we are already seeing a huge clash. people, this will be the clash point congress wher really are starting to see the tipping of the cards. it is not a joke. what you think of this? >> i love to make fun of hypocritical they area who vote left want to get rid of people. but if you work hard, you bought a house, put a lot of investment in it, to have people sleeping on the front curb would not be a great thing. they are not being that unreasonable. >> the government wants to have its cake and eat it too. they are not allowing construction, eight years to complete.

you have to say where are these people supposed to go? >> we need job growth. melissa: thank you very much. liz claman will take us throughe last hour of trading. what are you watching? liz: i am watching the house. melissa: we could all go in on it. it'd be like 20 bucks. let me get right to coca-cola, within spitting distance about $3, not exactly spitting distance, but close to a 52-week high right now. the thorn in its side is the wintergreen fund. he is coming onto fox business at 3:00 p.m. eastern to talk about the picks he likes right now. he feels the compensation plan to be voted upon on the 23rd of april is something that will cost regular shareholders a lot of money.

coke has some strong comments on what he says. how does he feel? we have not heard from him since the earnings came out yesterday. right here on fox business. do you want to ride in our mercedes? we are going to unveil it for you on fox business and we have a big interview with mercedes-benz usa ceo. this company's stock of 71% year over year. melissa: i was jeep and you are mercedes. thank you so much. coming up, we've talked a lot about the movie industry heading out of california but is hollywood getting ready for come back? don't move, you can have never have too much money.

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today. liberty mutual insurance -- responsibility. what's your policy? melissa: i want julie the big board right now because we are sitting at a session highs of 136 points about eight tenths of a percent session. it is time for some "spare change" writes now. caliph when you make a bid for hollywood come back for the production industry has not scripted a perfect ending just yet. we told you california was losing film projects thanks for lack of competitive tax incentives but hollywood is making a new push to claw its way back. we are joined now. the tax credit is about to expire. some in california making the pitch to try and keep it. they're trying to crunch the numbers.

they say 77 film projects applied for but did not get the tax credits last year. 66% of those projects left and went to another state where they got incentives costing the industry about a billion dollars in revenue and jobs at all kinds of things. do you think it is enough to convince people? >> i do, melissa. you are seeing a real mind shift the way people looking at this. the politicians in sacramento are now debating a new bill to expand and evolve the president $100 million annual film and tv tax credit program. there is no number yet attached to it. somewhere around 400 million. as much as new york 420 million program which is still the best in the country, but enough to lure back hollywood to hollywood. these are middle-class jobs, that is what people are talking about. melissa: you are there on the ground, are people really hearing that message?

from here it always feels like california is a little bit tone deaf to have these big industries and they try to tax them to death and they are driving industry out of the city. if the average average personally understands the message and will then go vote for tax incentives for people to think are very wealthy? >> i do, because it's no longer seen about putting the wallet of the ceos and studio chiefs. if you are in southern california where the industry is so prevalent, we know somebody affected by this. somebody who has had to go to georgia, louisiana, canada, the uk for nine months of the year. more importantly you are seeing the politicians get serious. last week's state of the city address mayor eric garcetti pointed out how does the priority for his administration. melissa: i hope you are right. >> always a pleasure. melissa: bill ackman has been in

a different mood lately with money being thrown all over the place he is raising quite a few eyebrows on wall street in the process. you can never have too much "money." predicting the future is a pretty difficult thing to do. but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done.

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melissa: we want to show the market at session highs. 142 points. the nasdaq up almost a full percentage point after the release earlier today talking about the weather and how it is getting better out there. this will make it even tougher for my kids to get with. bill ackman showing major school spirit with $26 million, but other big spending that he has been doing drawing suspicion on wall street. go ahead. melissa: hi get to give money ad everything else. it is pretty much hopeless. why is he throwing money around

hashta?charlie: let me see if bl ackman, the one who hates herbalife, if he ever gave a few bucks. low and behold, there he was. macms. it is not a lot of money. it is for individual. in terms of individuals, he is one of the largest contributors to eric schneiderman. one thing that scares me about the tactics. he says his launching investigation. here is why i agree. here is interesting them. the new york state attorney general is one of the most powerful law enforcement offices in the whole country because

they can bring a charge on you based on a traffic ticket. he gave a lot of money to other democrats running for that office. democrats usually favored to win the new york state. it is interesting a hedge fund guy that short stocks wants to influence guys that can bring charges against a company. >> he is givin given him a bad . making his market pay off is really scummy, kind of an new law are lobar. i don't know that is some sort of a p.r. effort. getting bad coverage of the boston media market. >> unworthy recipient of charity. melissa: 30,026,000,000.

>> i thought that was the house and spit it melissa: that we have got for you. i hope you are making money today. "countdown to the closing bell" with liz claman starts right now. melissa: fed chair janet yellen and richard fisher sounding off as we get the latest report on regional economic positions. and bounce back after the brutal winter? not yet in housing, but stocks score there third game this week? $6 billion surprise and not a good one. that is how much they feel they have to pay legal bills. wiping out the bank's profits last quarter. what can we expect from capital one, american express come morgan stanley and oldman sachs? telling us how it could all impact the bottom line.