definitely were. [closing bell ringing] david: pandora, another 15% down! >> no good there. liz: here come the bells, closing out the week on wall street. let's see how the stocks finish the session. let me quickly tell you if i can find my notes because it is always a challenge, the nasdaq, the s&p, the dow and russell all ending the session well into the red, david. it's not a great day for the markets. david: not at all. by the way we saw the number was getting worse, lower down on that list of indices that you got. russell 2000, hit almost 2% today. this is the dow. it is recovering a little bit but still there is no way to put lipstick on this pig. let's run you through the headlines on this. consumer confidence risen to the highest level in nine months. thomson reuters university of michigan final reading for april, coming in at 84.1, beating forecasts of 83. liz: that is good news.

general electric higher that it is making a bid for a french engineering group for $13 billion. the french government is already saying it is concerned about a possible deal. david: wall street enjoying mergers and acquisition boom. reuters say the value of worldwide deals announced so far this year has topped one trillion dollars. it is only the third time the trillion dollar mark has been passed since records were kept in 1980. liz: giant e-commerce alibaba working on the upcoming ipo the biggest ever. "wall street journal" says new alibaba shares added to offering which could put the ipo to, are you ready, $20 billion. david: the companies agreed to leave two companies in india and south koreaout of deal with nokia. liz: india moving ahead to isolate buildings in cities at the earn end of the country.

s&p cut russia's credit rating just one notch above junk. the ruble tanking, the market tanking. we're right here for you. "after the bell" starts right now. david: so the market did not end well this week. let's get straight to eat. we have joe keating center bank executive vice president, chief investment officer, who has the best ways to protect against a further impact. we have the platinum partners and alan knuckman from the pits of the cme. alan, how is it ending up there. we have another 15 minutes before end of trading there. what is happening? what do they see happening next week? >> well it is not a good day, that's for sure. you always come to me pause i'm optimistic. david: you are. >> it is just one day. we were 10 points from the all-time forever highs in the s&p. nasdaq is not market. we like to focus on it and need

to focus on s&p being down 1% is not catastrophic. that is just a bit of a blip after the run we've had the last couple weeks. liz: after all the companies that have reported, 68 to 70% of them actually beat estimates. are you comfortable with that level? >> yeah. it is a little lower than we've seen in the past quarters but continued pattern. set a very low bar. what i'm most encouraging by we're not seeing lower guidance like we've seen the last quarters. they came out with numbers that beat but next quarter they may not. we haven't seen that much this quarter. i think we're getting past that, where they're building in safety net in case something happened. david: all right, uri, time to use that safety net. you bring us back to earth always because you're expecting a big pullback. i ask, so many people want this market to pull back. they're not as aggressively negative on that as you are but some people really want a 10% pullback so they can buy into it. every time we come close to a pullback we have regeneration, a

rebirth of that bull mentality. doesn't that give you pause, maybe this thing does have a momentum that can't be killed? >> well i think, you know, the reason it happened so far is twofold. one is that the fed really playing ball with the market and really doesn't want it to go down and the second is something you just mentioned right at the end of the last piece which is the m&a activity has been unbelievable. that's been sustaining the market in a lot of the sectors as well. eventually though, you know what goes up must come down. this market is discounting a lot of good news and not very batched news. the odds are something over the next few months is going to throw us off and we're going to have a correction with very little technical support on the way down which is why i think it can be a lot more pronounced than most other bears. liz: joe, assume, he is correct, that we do see very little support underneath a market that starts to fall pretty dramatically, what should investors be doing right now to position portfolios, i'm looking at sectors today where there is

fear in the market like we saw. utilities are the only ones all in the green from aep, to duke energy to entergy, all of those names moving higher. consumer staples were okay. everything else was ugly. what do you do? >> liz. david: i think investors today need to be in high-quality, income-producing securities. i will agree that think, i don't think common stocks are cheap today, however the backdrop is very constructive in that the economy continues to heal from the great recession. the growth rate at about 2 1/2% is very solid, inflation's low, the fed remains accommodative. companies are returning tremendous amount, records amount of capital to investors in terms of dividend and share repurchases. operating earnings last year grew about 11%. they should grow maybe high single-digit this year. we think the backdrop is good. just say in very high quality in the names that you buy. from my perspective if we get a five or 7% decline that is a

gift. that is when you start moving money into the market. david: alan knuckman, when you look what is happening in 2014, whether we didn't borrow some of 2014 into 2013. we were so expectant things would go well, very well on earnings front. we haven't had a bad earnings season of the there are been some real clunkers, but generally speaking it has been really positive earnings. didn't we borrow into 2014 from 2013 and that's why things are kind of hesitant right now? >> it had such an extended move it is hard to get is being ale race. to get back to some of your analysts there, we had 10% correction in nasdaq and buyers stepped in and came up half waive. liz: ur. david, what is your answer to something like that? it is not as bad out there? >> it has been a five-year bull market. there is a lot of momentum, technology investors tend to be momentum players and trend is still your friend on the upside.

while a lot of people talk about being short, i don't think very many people are. it's that kind of enthusiasm though that usually prefaces every major correction. and i think this time will be no exception. david: well, and you're betting that way. in fact you're shorting the whole market with proshares ultrashort. that is a bet against the market a double bet against the market, right? gives you two times the opposite of a positive market. >> right. we're looking at those. at the one that is three times negative, the russell 2000. i think buying the, the future on the vix makes a lot of sense. i think there will be a lot of volatility. you should see the vix get being up to about 20. really, the only, if you need to be long something, you know, maybe, you know, gold or even better, the gdx, which is sort of gold equities etf. liz: joe keating is shaking his head saying, come on.

joe, you've got picks. one of them is ge. and ge's play for the french company really indicates that m&a activity is quality at the moment, at least a fertile atmosphere. >> you know it is, liz. what is interesting about ge, they have a 3.3% dividend yield. they increased their dividend payout about 120% last four years. we're looking 45% increase the next four years. the transformation of ge is significant. you and i talked about ge in the past. liz: yep. >> they moved markedly toward aerospace and water and power and energy and health care. is a different company today than it was say, six, seven, eight years ago. it is a very nice company for broad based exposure in the growth think parts of the country. david: we didn't talk about what is happening next week. we have fed meeting coming up. alan, we'll come back to you as the s&p futures close but what are they expecting is going to happen next week? same as before? >> steady as she goes. the fed has got the market right

where it wants. to go back to other commentary, the fed has been in this business for a long time. it is not just recently they have supported the market when they thought -- david: hold on, alan, not like this, no, no, no. >> interest rates are always part of the game. they will do what they can do. >> alan, $4 trillion portfolio. we never had anything close to that, come on. >> so they own some treasurys. they can hold on to them. david: four trillion dollars! >> they get a yield on them. they get a yield on them. we can -- david: never seen anything like this in portfolio. liz: they're not doing with it, david. david: the point whether they can unload it without disturbing the market. >> they don't need to. david: how do they unwind it? don't tell me they don't need to. they have to unwind what they have been doing. liz: for now it doesn't. david: we'll company back to you. liz: good stuff. joe keating, uri and alan muck nan. put up your dukes. we love it. we'll be back to alan as s&p

futures close. david: ford shares hitting the brakes as they report 39% profit and 23 new models and upgrades in the pipeline a big turn around. liz will be asking chief financial officer bob jenks coming up. liz: have to hear what he says. what is the real story on the state of housing? ask someone who has got skin in the game, people. we have the ceo of the wall board maker, usg. it is a huge company. every homebuilder uses them. why his business is actually booming despite what many say is a housing slowdown. david: one strategist saying a new market leader is emerging for the second quarter. investors already started to pile in. we'll tell you what it is and how to play it ahead. liz: we would love to hear from you. you guys, come on, following amazon's big drop today, is it a buy? tweet us@fbntab. your answers coming up. ♪

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can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves. david: three big stocks, accounting for 2/3 ever the dough klein in the dow. liz: let's ask nicole petallides from the exchange to find out which three. >> they came out with their revenue growth slow egg. -- slowing. we saw a 5% drop for visa but that accounted for over 65

negative dow points. goldman sachs and united technologies dropped more than 1%, all three of these names, visa, goldman, united technologies accounted more than 2/3 of the drop in the dow jones industrial average. seems wild. it is a weighted average. when you see big moves by some of the big movers that is something that accounts for it. just to give you the big picture, the dow is made of 30 stocks as we all know. 22 were red and eight were in the green. back to you. david: bad to see stocks like sees is a go down that much. thanks, nicole. liz: visa is huge. putin making comments about visa because they banned transactions between some russian entities. david: charming man. liz: that was real charmer. that was fun, alan, in the pits of cme. what do you see at close. >> there is no alarm here. it is getting loud. we're closing above we closed last thursday. on the week we're actually positive. if you look at vix, the vix is only at 14, not a major bounce

there. still in the range between 12 and 14 we bet for most of the year with these slow, some of these big explosions we've seen time to time always come back inside the channel. david: stay there, alan. producers listen to me. we need todd horowitz and alan knuckman together, mr. bear. have a bull-bear fight from the cme. >> todd and i do that almost every single morning. if you want to see it on tv i would love to. david: next week we'll do that around fed time. alan knuckman. thanks very much. liz: that is good idea. david: i like it too. let's see if we make it happen. most recent housing data suggests that industry is in midst of a slow down. sometimes to get the real story you have to go straight to the source, businesses with real skin and money in the game. liz: wall board maker, perfect, right, us-f is outperforming the markets year-to-date -- usg. they posted the best quarter since 2007. what is that particular company seeing out there when we have pretty weak existing and new

home sales for the month of march? jeff flock joining with us chairman and cfo of usg, with fox business, straight from the horse's mouth exclusive. jeff. >> a beautiful look, downtown view. it is not all about new housing. it is all about remodeling. jim metcalf with us, ceo of usg. only the 8th ceo in the history of this company, pretty amazing with a company that is 112 years old. >> jeff, great to be here. this is one of our laboratories, a job site. great to be at a job site and welcome, everyone. >> when it comes to wall board, the stuff we're looking at this is one of your new products, ultralight wallboard, right. >> we wanted to create something in the midst after recovery last feel years. this product is lighter, is easier to use. our contractors put it up pretty easily. >> even i can pick it up.

talk to us about earnings which came out yesterday, missed street expectations. it was a good quarter nonetheless. the winter really hurt you. things in the winter, had to idle some plants. you had problems with transportation. >> it was a tough winter. there was snow almost in every state. we had to curtail some production because there was too much snow. but we're really pleased with the first quarter, our sales were up. our margins were up. actually the best quarter we've had in about five years. >> i want to get to the forecast because you have a very bullish forecast on new homes. what we're seeing here, some of the guys working with your product. that is joint compound putting up on the wall, sheetrock joint compound. sheetrock is little bit like clean nix. -- kleenex. it is catch all term but that is something you make. your forecast going forward, you think about a million new homes starts projected for this year? >> we look at a lot of things. we look at overall demographics of the united states. we think the long-term growth of housing is anywhere between 1.1

and 1.4 million housing starts over the next three years. >> that is more bullish than the national association of home build officers. >> we're looking more long term. that is not just for 2014. >> what makes you so bullish? >> we look at aging stock of homes. there are about 2 to 300,000 hopes are destroyed every year. we look at overall demographics. >> i can't end this without talking to you about stock. down a little bit. warren buffett's buying. he has got 30% of your company. maybe he find some more today. got any intelligence on that. >> i've been on the job site here. so i've been working hard. we look at long term. mr. buffett is a great shareholder like all of our shareholders. we're really pleased with the return we've given our shareholders the last year. we're still early in the recovery. we're very bullish on all the markets. really half of our business is repair and remodel you're seeing right here. >> i love it. we've all done this, perhaps. little bit of the diy channel for you today. no better person to talk to it

about than jim metcalf, ceo of usg. david: i sew admire people like that. that keep their head up, chin up, during the dark times. they keep persevering because they have to. they end up ahead, no matter how bad the economy. these are real american heroes in business of the thank you very much, jeff, for bringing that to us. liz: that is terrific, exclusively on fox business. ford's stock going into reverse today by a bit after the automaker's quarterly profits plunged 39%. you've got to hear from ford cfo bob shank. he will tell what you drove the earnings plunge but the optimism is lifting him up. he says there are plenty of reasons to look forward to the future for ford. david: oscar-winning actor robert de niro, one of our favorites is taking time out from the new york film festival which he co-founded to give an exclusive on-camera interview to "the wall street journal" and our own guy, lee hawkins. we'll hear what de niro had to

say to celebrity business reporter, lee hawkins. everybody loves lee hawkins he got another one. you want to hear this. ♪ [ male announcer ] it's one of the most amazing things we build and it doesn't even fly. we build it in classrooms and exhibit halls, mentoring tomorrow's innovators. we build it raising roofs, preserving habitats and serving america's veterans. every day, thousands of boeing volunteers help make their communities the best they can be. building something better for all of us.

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xfinity...the future of awesome. david: it is time for a quick speed read of some of the day's other headlines, five stories in one minute. first up the u.s. is becoming a rising star in global manufacturing defend. cord according to a new report by boston consulting group, number two behind manufacturing competitiveness just behind data. new federal data reveal

63,000 bridges in the u.s. need significant repairs. pennsylvania has the worst problem with nearly 1/4 of its bridges described, quote, deficient. amazon is trying to have its own deliverly service in san francisco, l.a. and new york. currently majority of amazon packages are delivered by ups, fedex and the u.s. postal service. spotify is closer to surpassing itunes as the largest provider of digital music in the u.k. the digital streaming service added more than a million active users in britain over the past four months. chinese are replacing russians as biggest foreign buyers of manhattan apartments for first time. many chinese buyers are advancing in apartments abroad to own property near major educational institutions. [buzzer] that is today's "speed read." liz: they love, colombia, fordham. david: they love higher education. liz: rally in tech boosted market in past several years, you know that, right?

the sector is up over 25%. david: we have one strategist who says the tech trade is over and there's a new sector to buy for the second quarter. joining us eagle pay capital founder and president. jc, good to see you again my friend into thanks for having me. david: you don't merely think tech, you really hate tech right now. why? >> we're seeing rotation into what traditionally are late sector, late cycle sectors. you know, utilities. we've seen big moves in utilities all year specifically recently and now we're seeing money rotating to energy. david: i have to force you on this. you hate tech because you think it did well in the beginning and does badly at the end of a cycle? >> precisely, consumer financials, technology, these are early cycle sectors leaders off the bottom. remember, technology bottomed in the fall of 2008, well before the market overall. those were the leaders to the upside. if you recall when the stock market peaked in 2007, energy

continued to lead, both on absolute and relative basis into may and june of 2008, six, seven months after the overall market top. liz: so you are saying, rotate out of technology and into energy. that's a big sector. there are the guys who extract the energy. there are guys who refine it. of course the ones who sell it at the retail level. what area do you like right now? >> i like the big one. chevron,. >> on mobile, conoco, pay nice dividends. liz: soup-to-nuts. >> absolutely. you look at some of the other ones, schlumberger, halliburton. i specifically like phillips 66. these are great charts on both absolute and relative basis. like i said, this is very normal, healthy, traditional late cycle sector rotation. i think it is normal. david: keep that list up as long as you can, producers, we want people to be able to write them down. as you look at individual oil stocks represented here, have you gone back and seen how they

do at the end of a bull cycle? each individual stock here has done well? >> they tend to do well as a group especially on a relative basis. remember if the stock market overall gets crushed 20, 25%, you're i promise will not get 25% rallies in the stocks but relative basis they hold up better. we saw that in 2008. liz: you get played to wait. >> exactly right. we were talking about a interest rates a couple weeks ago. bond market, new highs, eight month highs, 10-month highs, something like that. 30-year, new lows on the yields f you're a fund manager you need yield not getting in the bond market. where do they go? utilities and energy. liz: dividend play is back entirely? >> if you need yield and can't get it in the bond market you have to get it somewhere. david: only place you can get it. >> right. david: we're missing a larger point here, not missing it but we haven't talked about it, this is already happening. today a big move out of tech a

move into energy. this is a sign of an aging market. this is the sign of the end of that movement to the upside, is it not. >> we're over five years into this bull market. so historically, is it crazy to think we're towards the end? obviously not. we're seeing that rotation. financial on relative basis peaked last summer. technology peaked on a relative basis of the consumer discretionary the worst sectors so far. these are early cycle names. they tend to underperform toward the end and energy outperforms. liz: he make as passionate argument. jc, good to see you. david: have a good weekend. it was a miss for ford earnings this quarter but the company still has high expectation this is year. should ford see activity pick up with warmer with? we'll check in with chief financial officer bob sense. liz: he is usually not one to associate his name with a product but legendary actor robert de niro has a new

product. he actually cocreated it. what is that? we talk to our favorite celebrity reporter lee hawkins, about his exclusive interview with robert de niro. ♪

liz: ford hit a few speed bumps in the first quarter. its earnings fell 39%. automaker cited higher warranty

costs in north america but also treacherous winter weather. when i spoke with ford cfo bob shanks today, he was optimistic that customers are now returning to dealers. i specifically asked him that and spring activity is picking up. here is bob shanks. >> what we're seeing is increased activity compared with where we were a year ago. you know, the industry is starting to recover from the effects of the really harsh winter weather. this month we're looking at maybe an industry, seasonally adjusted annual rate, 16, 16 1/2 million units, so a lot of activity and that includes the ford showrooms as well. so i think we're very much on track towards the level of industry activity that we expected when we gave our guidance earlier this year. liz: do me a favor, bob, you've been in the business long enough to have seen good times and pad. how bad was the winter, the polar vortex and how badly, how harshly did it affect the doors opening with people walking into

dealerships? >> yeah, it did have a bad effect and for those of us that lived in this part of the country, i think the northeast as well, it just wasn't the type of weather you wanted to go out many weekend and you know, shop for a vehicle. so it clearly did have an effect. the good news i think we're starting to see that wear off as we move into the spring season. liz: in the q1 you did have the $400 million cost with the warranty costs associated. is there anything that you can do to mitigate that and not be surprising investors wit in the current quarter and following quarters? >> well it is not something that we would see of that magnitude quarter in, quarter out. >> okay. >> in fact you know, in the past we've seen actually good news, we'll call out when it happens. if it's a material increase, which it wasn't in this quarter we'll call it out as well. the business sometimes has effects lumpy, if you will, quarter by quarter. we'll bring them to investors attention if they occur. liz: you called out china.

china had some nice sales numbers which looks like an investment that has paid off. you also raised your guidance on china. what is it like on the ground there when it comes to people handing out money to buy cars? >> it is great in asia-pacific and china specifically for us. we're booming and growing so incredibly strong. the products are so well-received by customers. the brand is so well-received. we're doing particularly well across the entire line up but our suvs are up 300% that we introduced. that is a growing part of the industry. so we're kind of hitting a sweet spot at just the right time. it's a great result. we increased guidance as you mentioned. to me we're starting to see a significant contribution we've been talking about for some time coming from that important part of our world. liz: from china and asia-pacific i have to ask about russia in the news today. more pending sanctions. there is such tension over the ukraine issue. troops building up on both sides. you have idled your russian

plant. what kind of effect, if meaningful at all, will it have on your numbers? do you have a sense when you would bring those back up to production? >> i think so far what we've seen is call it emerging market effect, that affected many emerging markets around the world as capital comes back out of those type of markets into the mature markets. unfortunately in russia it is overlaid by the geopolitical issues going on right now. so far we've seen impact in terms of slower growth of the economy, slower industry sales and certainly we've had a significant impact in terms of the weakening of the ruble of the so those are all things we're dealing with and we had to cut back production in line with demand which is what we do you will the time but we'll have to wait and see what happens going forward. liz: let me get to general motors, your competitor, and whether you've seen any crossovers. people who are abandoning gm at the moment simply because perhaps the horizon isn't so clear and jumping to you guys. you're getting ford f-150 that

has been redesigned. is that on track and do you hope to capitalize on some gm owners who figure let me try ford now? >> i wouldn't in the quarter cite any particular evidence of any change in trend we've seen in the past. one thing that is great about the f-15 the present vehicle actually is holding its share versus where it had been a year ago and one of the things mark fields talked about on the call today we're looking production opportunities to increase production of the present generation before we run that out and introduce the new f-150. the strength of that product line is fantastic and certainly very good for our business. liz: very good for your business. you have eight more months of mr. mulally at the helm, ford has said, and he told us fox business no change in the plan but do you look forward what he is put into place continuing? >> well certainly the one ford plan is something that the entire company has embraced. it is what is driving us forward and we'll continue to do that in the future. so i don't see anything changing

in terms of our focus on delivering that plan. liz: bob shanks of course. needless to say, david, ford is a company that has been through good times and bad but they're doing just fine. they're closer to their 52-week high than their 52-week low. david: again, i just always push for them because they didn't take money. they took money for the energy credits but they didn't take any bailout. liz: but they took a huge sort of bet the company loan from the energy department and it paid off. alan mullally and company stuck to their principles. david: they had those great models they stuck with and they did pretty well. all right, we'll be switching gears a little bit, talking about legendary actor robert de niro. he already owns a lost restaurants and hose tell but would you drink vodka cocreated by robert de niro? "the wall street journal"'s celebrity reporter lee hawkins sitting down with de niro in an exclusive interview. we'll be hearing from lee coming next. liz: today is the last day for detroit so file its updated bankruptcy statement.

coming up our own rich edson has latest details because he had the only interview, an exclusive interview with the motor city's emergency manager. big stuff. stay tuned. ♪

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

david: from the godfather to "raging bull" to "goodfellas", to vodka, robert de niro is putting his name on a new vodka brand a pretty elusive for him. lee hawkins from the "wall street journal" talks with him about the new deal. lee, good to see you. this is a celebrity, one of few i admire because he shuns the spotlight. >> exactly. david: so many people have no talent beg for the spotlight. he has a lot of talent. so why would a company pay him to be their spokesman if he doesn't like to be in the limelight? >> he is owner of luxury brands and he is luxury brand himself. this company is betting on the idea that the cachet of the association with robert de niro is going to get them in with affluent consumers. david: how do they use him if he doesn't like, looks awkward in the spotlight? >> how they're using him

strategically placing him in those soirees, these events. last week he had a private event with his wife where they hosted the first lady of rwanda. ron howard was there. morgan freeman was there. david: is? hiss wife? >> she is very elegant women. david: the guy backing this. a billionaire, james packer. the one behind the idea. he has a lot of connections with casinos. i wonder if they try to work him into casinos? de niro has a lot of businesses far away like in, in places like macau and stuff that have all these? >> he certainly does. 321-room hotel in nobu in manila. i wouldn't be surprisessed to see this product in casinos. this is vodka 6100. in most of today near rose's

hotels this is great brand. this fits into what they're doing. this is not tangential to what robert de niro is done. david: it is pronounced vodka. they took out the o. you don't see de niro in the picture. you and i can talk about this. let's listen to a portion of your interview with de niro. play the tape. >> i've done some ads here and there but nothing, nothing -- >> why haven't you? >> i didn't see, i didn't want to do that. and if i became part of something, like no-b or other business venture that i get involved in or into i want to be an active participant and i'll do what i can from my side to support that i don't want to come in and be paid. >> you managed to associate with these businesses and people know this is de niro project?

>> i mean that's, that's what i, that i don't mind. that is what i want to be not like i'm the face of it or that. >> right. >> it is just not what i want do. i like, the thing has to work on its own. david: what an anti, i love it, he is anti-celebrity. >> he is. david: all those other people making phony laughs. he is coming out there. he said, and i'm just wondering if you think it is true or not, he said he doesn't like to lend his name to something. he actually likes to participate and be manager or comanager of some of the projects. >> it is not an accident that robert de niro is a superstar. not just his acting. he has been very cerebral, almost a little bit ocd what he gets his name involved with. he managed that brand wisely. if you look at celebrity deals right now, people are becoming more sophisticated of they know if it is authentic or not.

sean combs, great example after guy who will become a billionaire one of these days partly because of his alliance with sir rock. he is there with all the process and very flamboyant. david: these hotels with today near rose involvement, like the one he is opening in the philippines whether he will be going there and suggesting management, making management decisions how it is run. >> david, i think he is. that is one of the reasons, why the company asm, got him involved in this. is kind of a connoisseur now. he has been around affluent clientele and understands the high-level tastes. he is more of a consultant. david: one thing he can bring to this guy james packer is the possibility of getting these endorsements that they run in movies. you could have a strategically placed product in a movie. that could be great advertisement for that movie. is he going to try to do that? >> maybe behind the scenes but don't expect robert de niro to refer to a product on screen.

you will never see it happen. david: not refer to it. all about placement. very subtle placement. >> i know what you're talking about. it is something we're seeing more and more. of course robert de niro has relationships to make that happen. david: we wish him the best. he is a great talent and wonderful businessman as well. >> david, if you think about it, take top 10 movies of all time, robert de niro in four of them. the other six he was not born yet to be in. david: good line to end on. thank you very much. >> great to see you guys. liz: liz? "bad news bears" breaking training? not one of the bests? one of my favorites. could bankrupt detroit see revival that matches recoveries we've seen like cities in baltimore? fox business with another exclusive interview. with detroit's emergency manager. we'll hear what he had to say next. oculus and its virtual reality goggles are among the hottest properties in tech. we were among the first to show it to you at the consumer

electronics show back in january. that's why facebook bought the company for $2 billion. now another startup is taking virtual reality to entirely new level. we have details straight ahead. ♪

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david: today marks the deadline for detroit to file its updated bankruptcy disclosure statement. is a plan to outline the details of its proposed debt-cutting and reinvestment policies. liz: our own rich edson got the chance to speak with detroit's emergency manager kevyn orr. he is the man what it comes to this. it was an exclusive. rich, let's talk about some most important things he said. >> as kevyn orr builds bankruptcy proposal he expect the more obstacles to finishing agreement. he secured support of city retirees and some creditors. others oppose his plan primarily investors who purchased city debt in 2005. current city management calls the is a sale a sham and those investors would receive much less under latest bankruptcy proposal. orr says once the city emerges from bankruptcy it will have potential for fiscal revival. >> we get this done right and

there's still a lot of ways to go, we have to convince the judge that what we're proposing will work. so we have a lot of lift to do. which will have multiples what we had before, investment interest come into the city is tremendous. working with cooperativelily with the legislature, city council and executive. >> detroit like new york and washington in the past may need an impartial observer after the city emerges from bankruptcy. he expects there to be level of continued oversight though he expresses confidence in the current mayor and government. while orr was in washington this afternoon, treasury secretary jack lew toured detroit touting federal spend negotiate city while the obama administration says it oppose ad bailout for detroit, officials directed existing funding there. david and liz, back to you. david: i'm wondering, rich, maybe kevyn orr will be the next mayor of detroit? is that possibility? a lot of people are saying this is a smart guy. he knows the city like nobody else. he is very responsible person. does he have any political

ambitions? >> you know i asked him what he plans on doing after this. he says he looks forward to returning to his former life and went out of the way, out of his way to praise the current mayor of detroit. maybe after his term but immediately sounded like he is happy returning to work here in d.c. david: too bad. they could use him there. thank you, rich. liz: tough job. he has done yeoman's work there. david: he has. liz: one company looking to cash in on the virtual reality craze, raising money from big names like billionaire mark cuban for a revolutionary treadmill. we've got the details next. david: that looks so weird from the outside. of the plus air travel is never easy if you're allergic to strong scents or certain foods. an airline is stepping up the game promoting itself as the first, quote, allergy-free carrier? what does that involve? that is coming up next. ♪ [ laughter ]

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david: let's go off the desk. this fun stuff. this looks ridiculous. oculus has competition. they are mercking virtual reality experience more real. he is walking on a treadmill. while oculus goggles allow to you see virtual worlds. thistartup's omni directional treadmill feel like you're exploring it. it is google software syncs with the treadmill to create virtual experience good for avid gamers or just walking on the beach. the treadmill, currently available, folks, for preorder at 499. not too bad. that doesn't include by the way the oculus headset. liz: also off the desk, do you get sniffles on long haul flights? perhaps you should consider flying swissair of the international airline has been certified as the world's first

allergy-friendly airline, offering passengers, really important for people with deadly allergies, lactose, gluten-free options, pillows with synthetic materials instead of down and unscented seeps in the bathroom. may 1st, they removed all plants from its cabins. swissair offers flights to switzerland from seven u.s. cities. one of my favorite airlines. david: i hope they still have the down for those not allergic. number two thing is april jobs report, due out on friday, 8:30 a.m. we love r cover it live on fbn. they expect non-farm payrolls to rise by 205,000. up from march's reading of 192,000. the unemployment rate, that is expected to drop .1 of a percent last time and it didn't, to 6.6%. so we'll see. liz: number one thing to watch, federal reserve policy meeting and knew conference, yes, that one with the news conference on

wednesday. investors will listen close closely to fed chair janet yellen when the fed will raise interest rates. david: markets are going wild one way to another from day-to-day. we'll watch that as well. liz: we'll be here for you. gerri: hello, everybody, i'm gerri willis. right now on "the willis report," america's crumbling infrastructure. a sobering new report on the state of the nation's bridges and what needs to be done. also a new warning about the weather. the latest predictions call for a giant el nino. the high-paying jobs where you don't need a college degree. how to learn a six-figure salary with a two-year trade. we're watching out for you on "the willis report." gerri: our top story tonight the next big bailout. obama's big idea to wipe out student debt, forgiving loans. that is make being students happy but taking a t