almost 2%. [closing bell ringing] liz: let me quicksy say twitter is up only 5%. i say only. it had been up nearly 8%. at the moment as we await on the numbers, the bells ring on wall street. let's look and see how stocks finished up. dow jones industrials at session highs. we're up about see a gain 86. nasdaq won't make it a win or the week unless we get two big rallies. russell 2000, nice a third of a percent gain. "after the bell" starts right now. david: we've got a busy hour ahead. so fasten your seatbelt. let's get right to the action. we have oliver portia, gary goldberg financial services president, who will tell us what to watch with the s&p's move upward. kim forest, fort pitt capital vice president and senior equity

analyst. will tell us why market volatility a good thing. lincoln ellis from the pits of cme. lincoln, let's start with you and this rally. do you believe in it? do you have faith in it? is it a one-time shot? what? >> well it is tuesday so the market must be up, right? it has been up 15 of the last 17 tuesdays so sure. look, there are a couple of interesting diversions we've seen over the course of the last six weeks, particularly small capps underperforming large caps. that is not particularly good sign as it pertains to the momentum of the market. similarly nasdaq along with biotech and tech-related blowoffs and momentum we've seen. it continues to be where are you going to allocate capital in the capital structure? the u.s. continues to win out this year over europe and people, once this tech selloff has come down, it will be interesting to see if people are still as enthusiastic about names like ebay and twitter.

obviously this afternoon, but some more mundane names like semicondft we saw last week. so, you know, it is a bit of a push and pull, a bit of a tug-of-war here as we get through the second quarter. liz: well, sure, but oliver, can volatility be the investor's friend? we know it's a little uncomfortable to endure it but we do still see meaningful gains on a day-to-day basis? >> absolutely. this is what we're looking at and i think it is absolutely important, focus on the economy and focus on earnings. earns so sar r far this season with a very low hurdle rate have been pretty solid. hopefully we'll see more of that this afternoon. on a long-term basis the market should continue to go up. on a pullback and reaction, we heard same two words, every pullback, russia and ukraine. you take that as a buying opportunity. you look at some stocks and buy ibms and companies raising their dividends and you ought to do pretty well over next 12 to

18 months. david: kim, we're seeing some dramatic changes in twitter as we prepare for earnings, in this case perhaps the losses come out there. so there's a lot of rumors going on what's happening. we'll know very specifically in just a few moments but we've seen that come way off its highs. it is jumping around a bit. it shows you, doesn't it, kim, this is not a market where you can buy and sit back and let it ride? you have to sit pay attention to all the time what is your happening to your stocks? >> in normal operating markets you are 100% correct. the markets last year lull ad lot of investors into believing that you buy something and it is going to go up and that is just not true. investors need to react to the news that they hear. not everybody holding the stock but a sufficient number, to price in what this news is. and that's what we see especially in after-hours trading. where the volumes is a little on the light side there. or a lot on the light side. that's what i like to see.

markets reacting to news. liz: lincoln, tomorrow's the fed decision. i'm not going to decide to do anything probably but any word out of the fed tends to gyrate markets a bit. when that calms down, we'll see labor numbers come out on friday for the month of april. do you think it is time for investors to sit on the sidelines and wait for that news flow to work its way through the markets? >> not really. i think kim and oliver are copping at the same question from different angles. the beta rally, owning balance of the stock market is probably over. and we'll continue to see an up tick in volatility over the course of the last maybe seven to 10 days we've seen it come back in because of what is going on at the fed and because of what is going on at rise of geopolitical risk again. that doesn't mean, liz, there are companies or sectors or parts of the world which we want to continue to allocate capital. liz: hold on one second, lincoln. we're getting twitter numbers

and the stock is on the move. cheryl. >> as you and david both noted the stock is to the upside at the close. the stock is beginning to sell off and here is why. they beat on the revenue side which was nice number to see. estimate came in at revenue of 250 million. it was a beat. revenue up 119% year-over-year. , we were expecting a loss of three cents. adjusted earnings per share, platinum per, zero. didn't make anything. they didn't lose anything. a couple of headlines starting to cross. timeline views reached 157 billion for first quarter of 2015. that is 15% year-over-year increase. this is only second earnings report we've gotten from twitter since they went public. advertising revenue per 1,000 timeline reviews, $1.44 in the first quarter. they reached mobile. mobile is big. they have reached more than a billion ios and android users each month. as you know the platform for twitter and revenue model we're

seeing this in revenue increase of 119%. the stock is trading down about 5% or so. if you see on my screen. 4%. david: cheryl what a wonderful overview but i have to say, one thing, sound like 119% increase is spectacular. they were expecting 130% increase. that may be one reason why we're down again. everything is relative. liz, when you're start from zero you have to expect 100% increase. in this case they were expecting 130. all they got was 119. liz: when you talk about reaching one billion mobile users including android and iphone, that's all very nice but what is the user activity, the monthly active users and how much they actually jump on twitter and not just read it but actually tweet? so lincoln ellis, you look at this number, you understand the stock and bid and the ask are lower than the closing price of 42. we have people listening on xm radio. bid is 39.52. the ask is 39.89. lincoln? >> 6% is a lot better than the

last time they reported in february when the stock was off 20%. you're seeing incremental improvement. anybody investing in twitter or any of the high-flying technology companies yet to prove themselves in earnings revenues will continue to have to deal with this kind of volatility. david: kim, is twitter too high volatility for you? or would you buy in if it sells off? >> volatility isn't my problem. i think what the problem is, it's really an unproven model, business model. yeah, they're getting some people to throw addollars at them but i don't know this is long lived. it is pretty young as a product and i don't think it could be thought of as a platform. even facebook which is older if we can imagine that than twitter, it is not necessarily a long lived product either. this is way out on the edge for the kind of investing that we do. so i would pass on both of these. liz: jump in here, kim, but,

oliver, the bid is at 39 and change. the annual low is $38.80. we're getting very close to the annual low of this stock. the high by the way of the year was $74. you can't say we didn't tell you. vivek wadhwa watch this is stuff. who watches company and not because it is interesting and everybody uses it because they do but, oliver, what do you see the problem is here? >> it is simple. highly volatile unproven stock in volatile sector. you have volatility compounded on top of volatility. that is great if you want to speculate and excited about it planning on holding for the next decade. if you're an investor you want to focus on strong balance sheet and dividend everything that twitter isn't. >> is this cheap, oliver? >> we don't own the stock. liz: personally would you? >> i would as long-term hold but with understanding it will be a heck after roller coaster ride. i better be prepared to own this for the next decade or so and

expect it to be really changing. david: cheryl, we want to go back to cheryl for a second because she has been pouring through these numbers. cheryl, you found a little nugget for us. >> i did, i did. this is part of the reason we're seeing selloff in the stock right now. for the revenue outlook for the year, four 2014 they came in on the light side of the estimate. they were looking for 1.24. they came in at a range of 1.2 to 1.25 billion. they brought back their revenue estimates. they increased revenue estimates for 2014. that is one of the things we're seeing pressuring the stock, still down about 5%. david: good point. oliver, i want to go back to you, kim, we haven't forgotten about you, i'm coming back. first i want to go tovery because he is -- oliver because he is recommending apple. it is closing in on $600. it hasn't been $600 a share for a year. it closed today at about 591. is that still cheap or risen high enough? >> it is certainly more expensive than it was at 450, and $500. the bottom line, they continue

to have large amounts cash. they go through the seven for one stock split and continue to derive revenue and seas. with all conventional metrics you evaluate a business they are still relatively expensive. david: will they benefit from some of the losses, i know it is not a zero-sum game, but sometimes the money in tech is looking for a place to rest and decides twitter is not worst the risk, it goes to another tech stock. will apple be a recipient of that? >> it will be one of the recipients. i don't know it is only one. amazon will likely benefit than apple with a drop in twitter. liz: kim, giver us your pick. >> i look at&t. i will take the absolute opposite of your other guest and say we love data. we want to pay for it to get to our home and at&t does that and gives you a nice dividend. liz: going to say, there is a bit after dividend. david: it has been around for a long, long time, unlike twitter and facebook. thank you, folks. liz: kim forest, oliver porsche.

david: twitter down after-hours. it is down eight 1/2%. so far this year it has been down 33%? will it dropped enough tomorrow for some investors after the selloff to find it as a bargain? we'll ask somebody focusing in on this stock coming up next. liz: at 38.85, for the bid, david, pretty much at the 52-week low now. 3d printing moving its way to 45% growth number in revenue last quarter but the street, unimpressed! the stock is also down this time about 9%. can 3-d systems convince investors that future is bright. we have "first on fox business" interview with one of those momentum stocks people loved in the past. david: that's right. nba commissioner banning clippers owner don sterling for life from the league. as despicable as this man's comments were, and perhaps as deserving as some of these sanctions as he is, does he have

to be forced to sell a private company? that's the question. we're going to be asking a special guest on this somebody that knows magic johnson as well and his point of view. from you, did the commissioner adam silver do the right thing, not only the ban but forcing steriling to sell? we'll see if he is successful at that. tweet us, fbnatb. your answers coming up. ♪ ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading.

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liz: in the wake of its numbers, twitters shares sink after-hours following the results. david: looks like it is down eight 1/2%. let's go back to nicole petallides on floor of the new york stock exchange. a lot of folks didn't see this come, nicole. >> we're watching twitter very closely. twitter has been under pressure. we read headlines that actually said user growth over at twitter has been slowing as mobile chat competitors are growing. that doesn't sound good, does it? let's break down numbers. revenue came in at 250 million, versus 241.7 million. a revenue beat there. let's look at earnings per share which came in at zero flat so we're watching that as well. there it is, earnings per share, zero, flat. estimate was loss of 3 cents. that's a beat as well. some folks were looking about

outlook and concern for outlook 2014 overall. i read you the headlines pertaining to mobile chat competitors. the big picture here some closely-watched numbers such as monthly active user base that has been to the upside. it was 14 million up to 255 million. that is a growth number of 5.8% from december so that was good. we awe saw growth also in international revenue. first quarter revenue we saw that as well. mobile advertising revenue was about 80% of total advertising revenue. don't forget how important mobile he is. you're seeing the stock dramatically to the downside. this is the second public report for twitter since they went public. back to you. david: thanks, nicole. liz: with us now, we bring back tom forte, who has been standing by watching twitter numbers. telsey group managing director and senior research analyst. the outlook for the year people don't like on this, right, tom. >> liz, that is also part of it. but that audience performance at 255 million. we were looking for 259.

i think consensus was 257 has people wondering is this company going to make the service mainstream enough to grow over time? the answer we believe over time yes but we think that the audience number and perhaps the outlook is what's pulling down the stock after-hours. david: tom, i mentioned this when the numbers came out, 119% advertising revenue increase found spectacular but the expectations were for 130%. i'm wondering if those expectations were too high? obviously they were in reality but do you think 113 is enough. >> i think when you sort through the numbers, as early stages they are in their monetizaton efforts, i think the top line -- liz: so sorry to interrupt. >> sure. liz: we just got ebay numbers. want to get adam on that. tell us how they did, adam no. >> earnings per share beat. 70 cents, liz. street was expecting 67 cents. revenue 4.26 billion. revenue expectation on the

street was 4.32 billion. operating margin year-over-year fell to 26 person 9%, down from 27.4%. i'm going to check real quick after-market, it is trading down roughly 1.4% right now. liz: about 1.9% in the last blink of an eye here. quarterly, paypal which has been real driver of this stock, paypal net total payment volume grew by 27%. david, obviously that is something that carl icahn thought, tom done owe joseing spin that off and came to agreement -- tom done owe hoe. david: when you see the current price under $40, will you go in and buy tomorrow? >> definitely. if you look at twitter and look at the stock compare to facebook, twitter has two significant levers to pull and drive growth. one being audience. they materially have a smaller audience than facebook. second is monetizaton. they're early stage in both efforts.

i think there's a lot of opportunity ahead. hopefully they over near term they get the user growth accelerated. i'm very bullish next 12 months over twitter. >> at this point, twitter is at 52-week low, tom. >> it opened incredibly strong, liz. i think if you look at it in that regard, that was the big difference in the initial performance of ipo versus facebook. liz: yeah. >> i think the stock's attractive here. liz: all right. david: by the way, ebay, are you buying ebay too. >> i do. the question on ebay is what is the outlook. the number sounds pretty good. i hoped this would be beaten story like 2012 ebay. and i wonder what is holding the stock back. liz: 2.59 to $3. >> that sound pretty reasonable. >> david: this man is buying tomorrow. he is not running he is buying. >> tom forte. david: nba slamming l.a. clippers owner don sterling owner to force him to sell the

team. sterling says he is not complying and says he will keep the team. we see the fallout from sterling's racist comments. liz: 3d printing is called a game changer for corporations and consumers but clear the industry is suffer frock serious growing pains. first thell jumped but year-to-date they have fallen. we talk earnings and growth with 3-d systems ceo. it is a "first on fox business" interview. you can't miss it. ♪ [ laughter ]

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>> breaking news. we just got word from carmax in regards to its sponsorship with

the l.a. clippers. they tell us quote, due to the clippers owners unacceptable statements, talking about donald sterling, carmax ended its sponsorship of the clippers. we welcome opportunities to discuss future sponsorship if this matter is fully resolved. they don't exactly say if his shedding of the team ownership, is quote, fully resolving the issue but at the moment a lot of these companies are coming out saying what stands is the status quo. we're out of the l.a. clippers that includes state farm. that includes mgm mandalay bay which told us exclusively in the last hour they we remain suspended with their sponsorship at the moment. and of course carmax. let's get to 3-d systems a leader in the printing industry. had positive forecast for the first part of the year and strong growth? what is the problem? why did the stock trade down 9%? the company has been feeling some heat. 3-d systems has big plans for the future nonetheless.

joining us in a "first on fox business" interview, 3-d system as ceo and president. you met on eps. you beat in essence on revenue, 147 million. the expectation was 145 million. what is not to love. but the market is jittery about 3-did stocks. why shouldn't they be, avi? here is your chance. >> they shouldn't be because our design and manufacturing units are up 76%. our material revenue is up 41%. consumer units are up 41%. and we're making, liz, the kind of investments comprise time to market, allows to scale and double our revenue in the next couple of years. we've extraordinary capabilities, including only direct metal for tire manufacturing, for medical applications, and for aerospace. liz, a great deal of upside in the second half from our

consumer products including some products that you and i discussed in past like food printing and some ceramic printing so, you know, we think the fundamentals of the business are really strong. we think that we're off to a great start. we think there is more good to come. not to mention sequentiallily, non-gaap operating expenses have become to moderate. we think that can represent leverage in the coming period. >> i have no doubt there is interest and demand but the question is, can you keep up with that demand? are you sort of ready to swallow all of that demand and bring it out to people who really want isn't that is what analysts tell us they're concerned about. they have no doubt you're one of the top leaders in the space, innovators that becomes a problem. it doesn't matter you're the best if you can't fill the orders, you've got nothing. >> liz, that is the heart of

step-up investments extending manufacturing in multiple locations. we're expanding our channel. we're partnering retail outlets to expand the market reach in other outlets. we have some of the top industry alliances with google with project aura and hershey's with food. we believe we're positioning ourselves both in terms of market-facing activities but more important in terms of our technology, r&d investments and manufacturing capacity. liz: we have a super stock-picker on staff. his name is charles payne. he loves talking about your stock. he says i was a little disappointed in things like operating expenses spiking but ask him about global share. so i'm asking you, avi, what kind of share do you have worldwide? >> well, liz we don't talk about share because we think it is relative as compared to the opportunity, it is not that significant.

liz: okay. >> but we believe that in significant application, when you look at aerospace manufacturing, look at patient specific medical devices, look at jewelry manufacturing, personalized surgery we dominate in this area n fact we don't, none of our direct competitors have present in any of those segments in any meaningful way. liz: we have no doubt about the leadership there. that's for sure, that we covered it very, very strongly. the stock is up 23% although down 52% year-to-date. you see the peak right there. good luck. we will watch you reach the peak again and higher, avi. please keep us posted. liz: thank you. 3-d systems ceo and president. david: you're right. charles payne loves that stock. liz: why not? it is an innovator. david: recent years have been painful for emerging market investors but, we have someone who says that the tide is just

about to turn. now, is the perfect time to buy those beaten down stocks in those regions. he is betting, for example on a big name in russia, of all places. a few more picks you can not afford to ignore right now. liz: consol energy's stock getting a boost today after the company swings to a profit in the first quarter. coming up, it's a fox business exclusive. we're talking to the man who is calling the bigshots inside the energy producer, david coney and what seeing in the current quarter. we're spinning it forward. full year as well. stay tuned. ♪ i ys say be thman with the plan

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david: we have some breaking news by the way. again, news on the clippers. it looks like more individual advertisers are looking like getting back into the game. adidas has reinstated its marketing partnership with the l.a. clippers. so we're going to be talking more about this at the end of the show. you don't want to miss it. lee hawkins is coming back on to talk about the nba decision today. meanwhile investing in emerging markets can be risky but we have someone who says it is time to buy into less mature and faster-growing countries. joining sus michael kass, baron funds portfolio manager of the emerging baron market fund which beaten 97% of the fund in its category over the past three years. if you're at all interested in

emerging markets this is a guy to listen to. michael, thank you for coming and congrats on your record. a tough year for emerging markets. >> that's for sure. david: why do you think it is turning around? >> when i was back here in may, we talked about fed tapering and that and other factors were creating significant headwinds for most all emerging market countries and all the companies there. we may have reached a point where it is so bad it is getting good. what i mean by that the countries are reacting to these headwinds beginning to put forth important economic fundamental reforms, places like china, mexico, are well on their way. then this year there is a rash of elections across many of the really important countries. india, indonesia, brazil, turkey. we're starting to see the candidates that are leading, are moving with a changed campaign, driving lots of important reforms that will be very market friendly. david: free market reforms. so you think they will become more business-friendly. >> absolutely.

that's what we're anticipating. david: talk about one of the toughest sells in the world today which is russia. you think what is going on in ukraine, you think there couldn't be any deals in russia. a company called yandex. why do you like it? >> yandex as many people know is the google of russia. is the only stock in russia. it's a difficult place to do business but we're a bottom up stock-picker so when we find something this good we want to play. david: look how it has come down. you talk about bottom pickers, it is right about there now. >> it has double-whammy being internet e-commerce space which has been underperforming recently and also the russia factor. we're -- david: we should mention it was up 6 1/2% today. is that because, you got advance word, tweeting you were going to be on talking about it? >> this is very large cap stock. so i don't think that would really have an impact. what i would say, this company is growing 25, 30%, really in the core search engine business. if you think of google, what they have is an opportunity to become also the dominant

e-commerce player in russia which is what we're really excited about. over the long term this can be the alibaba of russia. alibaba coming public soon. they're the dominant player in china. there is none in russia. russia's penetration in e tail is 2%. most is 20%. david: stock symbol, ndx. overview of the slow down in china, how severe do you think it is? >> i would say in the state sector it is more severe. in those companies that were benefiting from all of sort of subsidies and benefits these political affiliations brought. that is where the bigger slowdown is. in the private sector and in the small, medium enterprise, sort of part of the economy is actually relatively vibrant. david: there is social media talk you're interested in, sina, sort of twitter of china, is it not. >> that is correct. there was a recent ipo of the sina wait bow. -- wait bow.

-- waebo. they control 50% of the e-commerce sales in russia. david: look how that stock has been beaten down of the not a bad time to get it. move, finally has to be final one, brazil. we talked about change in leadership. they have had a change in leadership to someone not very market friendly, she is not known as being friendly to the market as all but a company called smiles. tell us about smiles. >> this sort of touches on my first point. as the public approval is dropping had stock is rising. so what we want to do is invest with private sector entrepreneurs. smiles is a recent spin-off of an airline called gold. it is rewards program. so what they do, they issue miles to credit card customers and frequent flyer customers and then when those miles are redeemed they purchase airline seats from gold. they have a very long-term, very favorable agreement with gold,

so they can buy seats at a big discount, affording a great value proposition for their customers and also very high margins for the company, 28, 30% for the margins of the what's interesting is because right now they have only 20% market share yet gol has 40% of market share of all domestic flight miles. we think over the next few years we'll see smile's share of the reward business maybe double, towards 40% from 20. we think earnings power will be two ai a share to three. ay 40, up from 20 at ipo, could move up above 60. david: great advice. thank you very much. they have been beaten down, these emerging markets. liz, you buy low of the that is the advice. liz: that's what buffett says, buy low. clippers owner donald sterling getting clipped badly bit nba, banned for life from the league and fined $2.5 million. what does it mean for the future of the nba? future team owners? we'll talk to lee hawkins of

"the wall street journal" you have to hear his thoughts on this. the world's number one restaurant has now been crowned. we'll tell you who earned the top spot and how much it will set you back to enjoy its 20 courses. we would love to hear from you. did nba commissioner adam silver do the right thing by an bag donald sterling from life from all nba games? tweet us @fbnatb. ♪

liz: breaking news, the names are now surfacing of potential buyers of the l.a. clippers. forget the fact that the clippers are not for sale at this point. donald sterling the owner has been banned, the new name floated, david geffen a philanthropist and billionaire. brooklyn born record executive. his in the worth according to "forbes," 6.2 billion. we'll see in the art collector jumps in. david geffen is name floated by "the wall street journal." david: you have buyers. the question do you have a seller? so far mr. sterling said no. we'll get back to the nba in the next segment. we'll talk about natural gas. futures are up more than 13% so far this year. they hit a new 52-week high today. the company swinging to a profit in the first quarter, increasing revenue from its natural gas, also oil sales.

how will shale production continue to increase console's profits? liz: with us in a fox business exclusive, the consol energy cfo and executive vice president, swinging to a profit is great news a lot can be attributed to the natural gas production you guys have and not necessarily the coal which used to be your boilerplate, real bailiwick. talk first about natural gas. you see you had very nice moves there, your revenues doubled. what is happening when you look at the nat-gas world right now? >> right now, you're sighing product improvements in the shales. you're seeing pricing going up from the cold winter. you're seeing a mixed shift, not just from us, from a dry gas, upward base to a combination of dry and liquids. so we're getting the revenue up lift as well from liquids. david: i want to go back to a little of question of coal, david and specifically what has been stopping you in your tracks because you starred several

project, coal projects that you pulled out of. was that all because of pressure from the epa? >> in central appalachia, which is our higher-cost area, we have pulled out of some of the projects. we however just brought on our bnx mine from our region in pennsylvania. it is our low-cost operation. we spent about $700 million of putting it on. so we are reinvesting in our colbies but we're putting in in areas where more profitable. >> if i could focus again on that question. was it the epa that forced you and their regs that forced you to pull out of some of those projects? >> we had some permitting issues to deal with and, and if you look in the central region where you have a lot of fuel switching between coal and gas, the high cost to produce with some of the regulations that do hit you along with the amount of natural

gas impact made those projects not as economic as spending here in the pennsylvania area. liz: can we then interpret that it is actually less onerous as far as regulations is concerned to drill wells for natural gas? you did 35 wells drilled. 23 completed s the government making it easier to at least go the nat-gas route? >> if you look at the starting points, coal has been in the cross fires or cross-hairs for a while. gas is moving more into the forefront. they're not starting at the same place. would i say it is tougher to bring a new coal mine on. it's a longer time horizon than to bring a new gas well on. it takes you probably a couple of years to, as many as three or four years to permit a new mine. it will take you, used to take a month or two to get permit. now it is probably taking you several months. so the permitting environment

and the regulatory environment is getting tougher for gas but it is not as tough as coal. david: david, question about the ukraine. i know it is not immediately in your bailiwick. i'm just curious, you must be interested in how they're dealing with their natural gas and how russia is using natural gas to try to pressure ukraine. that is not new. it has gone on before. i'm wondering if you know whether or not europe could supplant the ukraine's need of natural gas from russia because that would take a lot of pressure off of that country? >> well, you know, they do import lng. so it is, it is there. they also burn a lot of coal. and so it will take some time and money to get there but, it is, if they keep going down this path, clearly, you know, even beyond the fact that there could be supply cutoff from russia, you know, the arbitrage between the cost to ship natural gas from the u.s. and versus lng

which is generally priced off of oil, there's a big arbitrage there. and there's a great desire to close that a arbitrage to ship gas to europe and make more money from the u.s. producer perspective. liz: david, good to see you. swinging to a profit at consol energy. david: congrat, david. thanks a million. >> thank you. liz: nba commissioner adam silver takes strong action against the la clippers owner donald sterling. this in the controversy over sterling's racist comments but will it be enough to satisfy all sponsors? some are coming back. some are saying not yet. will it satisfy fans but most importantly the players? david: what do you think about all this. did nba commissioner adam silver do the right thing? send us a message, facebook.com/afterthebell. your answers coming up.

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liz: call it an earthquake in california but not the regular kind. nba commissioner adam silver announcing he will ban l.a. clippers owner donald steriling from the nba and fine him 2.5 million, the maximum allowed bit league. david: with us, lee hawkins, "wall street journal" celebrity business reporter, who interviewed magic johnson, talked to us about this before,

including yesterday. first of all, lee, adam silver, what he did, if he lives to be 100 i don't think he will have a higher moment. everybody is chiming in. we have magic johnson. he mentioned him. he is sending his tweets in. michael jordan talking about this is best thing, much more than anybody thought he would do. this is the best thing for the lead that anybody could have done. >> i think he handled it in a graceful and very dignified way, a very sensitive situation. it is really telling us about america and what the demographic changes are now sickdictating, companies say, you know what? we have zero tolerance for this. we'll not offend large segments of consumer base that buys our products. we are going to act if the nba doesn't act. i think adam silver to his credit did everything he could do and came out strong. liz: donald sterling the owner will do everything he wants to do. he may not be allowed to attend any of his own games, but he is

pretty stalwart. he is not making a comment. fox news is reporting that. he doesn't seem to show any remorse according to adam silver and not give up the team and david geffen is waving money saying he wants the team. >> to be fair, he din want to put himself under additional legal exposure by expressing remorse. maybe he wants to distance himself. reality there will be a lot of potential buyers. you mentioned potentially that magic johnson could be one ever them. would be symbolically moment in the nba. >> he has to have the money. >> he has to have the money. one thing about magic johnson, his brand is so strong. he is known for attracting investors on strength of who he is. liz: they're both californians? >> hoe my goodness. he has audience. the nation is watching, no better time for magic johnson or david geffen to make a vie for this team. they could probably.

they could attract any investor. david: price of this team would be 400 and $500 million. so it is not on the high-end of scale of m nba teams. i'm wondering about adam silver and the way received support, tremendous support today. getting out from under shadow of david stern, who was commissioner for some years, some revisitation of job david stern did and sitting on sterling for so long. >> i think the players association is paying attention which i believe they are. they are going to raise some questions about why nba didn't put efforts into an investigation. david: in fairness to david stern there were a lot of other people willing to give steriling a pass including the naacp who twice awarded him with lifetime achievement award. >> as i told you yesterday, i don't know what the naacp was thinking. you will not get an answer from me out of that, i can not believe they did that. david: they weren't only ones.

>> highest ranging civil rights organization in this country. they probably tell you they dropped the ball. david: today is adam silver's today, no question about it. >> i think it is. i don't think he is out of the woods. i think he will be questioned why they didn't move sooner. liz: lee hawkins, "wall street journal" celebrity reporter. come back on again. david: good stuff. liz: tonight, 7:00 p.m. eastern. we need to tell you lou dobbs is speaking with basketball hall-of-famer, kareem abdul-jabbar, on nba response to donald sterling controversy. david: wonderful. i look forward to that. an all list of the world's top 50 restaurants has been released. we'll tell you about the winner and whether one of these restaurants is in your neighborhood when we come back.

david: time to go "off the desk" the an all list of the 350 of the world's best restaurants is just released. denmark, that's right, to you have go to copenhagen to get

number one. it is known for its forged ingredients and nuanced nordic cuisine. that's what they say in the menu. quality doesn't come cheap. the tasting menu is under 300 bucks. wine pairing will cost you additional $15. this is the fourth time that noma topped rankings. liz: warren buffett loves a good steak. david: forget about noma. liz: i'm heading tomorrow to omaha, nebraska, the annual berkshire hathaway shareholder meeting. they call it the woodstock of capitalism. i call it weekend with warren. we'll speak with warren and top advisors of companies that he owns. on monday, i will sit down with all three of the richest mind as we call them, warren buffett, bill gates, and berkshire vice-chair charlie monger. if you have a question, tweet us with the hashtag, ask liz. you should see your question live, you can possibly see your question live. david: very quickly, ernest on

twitter told us about nba commissioner adam silver's decision. it was the only thing the commissioner could have done to satisfy the masses. the nba doesn't need anyone like sterling anywhere near it. liz: gerri willis next. gerri: hello, everybody, i'm gerri willis. right now on "the willis report," what discuss big data know about you? turns out a lot of that info is wrong. we'll investigate. also, apple finally says it will fix problems plaguing the iphone 5, but wait, there's a catch. it is our cash challenge. we're helping you budget better and spend smarter. >> hey, "willis report, it is caitlin and i'm so excited to drop in and report to you all how our last week went on the cash challenge. gerri: we're watching out for you on "the willis report." gerri: well the results of a new poll are in. we're working harder and longer than at anytime in the last 23 years.