assets. cinco de mayo. check them out. david: happy cinco de mayo, everybody. and actually all of the indices managed to pop into the green. [closing bell ringing] the global dow is down one if you follow global markets. oil is down which is more of a relief to many. we should mention small and mid-sized caps represented by russell 2000 down just a bit. hard to make too many generalizations with figure this is low. i would suggest one. with the uncertainty that we have, with all those conflicting economic figures that we had last week, maybe people are moving out small and my size, cheryl. cheryl: as the close, david, as you were going through the big market numbers, apple, 600 bucks a share. $600. david: it is a tough day. it is a tough day. let's look at your front page headlines. growth in the u.s. services sector accelerating in april.

rising at the fastest pace in eight months of the institute for supply management saying its services index rose to 55.2 in april, cheryl. cheryl: chip-making giant intel, going outside the computer industry for intel marketing. hiring a former staples executive as their new marketing officer. david: as we mentioned pfizer shares are lower today in the wake of the earnings report. pfizer trying to buy britain's as have seneca more than $100 billion, beat on earnings, missed on revenue. cheryl: eric holder said no bank is too big to jail. he didn't mention any particular bank. but the justice department investigating two european banks, bnp paribas and. david: too big to jail. i love that phrase. sotheby's and dan loeb ended their long running feud for the moment. lobe's hedge fund will get three seats on the board and lobe will

withdraw his lawsuit against the company. cheryl: armed clarks in eastern ukraine between pro-russian separatists and government forces are spreading. four ukrainian troops have been killed and as many as 20 rebels may have been killed as well. "after the bell" starts right now. david: let's get right to it, breaking down today's market action we have global trends investment president for three picks to add to your portfolio. robert frost, ceo tells us why he thinks investors need to be more selective. brian bat bell the in pits of the cme. start with you, battling in the pits. stocks, just talk in general how they feel? did they feel a little high to you? >> that's the thing going on. we have tension between momentum and fed policy and fed liquidity, juicing the markets all the time.

now we're rotating to fundamental. economic data is coming out mixed. we get back and forth swing the we have gains, we have losses because we're starting to rotate back into more fundamental analysis. certainly in the absence of news, there is plenty of bad news around, in absence of news the thing seems to grind higher or stay steady. cheryl: tom, we got fairly negative news out of chinese manufacturing sector this morning and europe as well has been a little rough, even ukraine aside, the economic data from europe was rough but u.s. manufacturing kind of brought the markets back today. is that something we can hang our hats on past today? >> absolutely. i think it is risk off right now. a lot of money is coming out of the market. i think there are three areas to really concentrate on, energy, utilities and consumer staples. these are three sectors during the summer and fall months and supposed to sell in may and go away, you could buy in may and do quite well.

cheryl: that phrase really doesn't hold water anymore. if you look at numbers and data, tom that is not what the markets have been doing. i know i ace popular phrase. >> in the last four years, cheryl, absolutely. we're here in a five-year bull market and we haven't done anything. the market is trying to get traction. people are trying to turn into dividend oriented stocks. they're starting to give away high-flyers. dividends and stable earnings are where people are concentrating. david: robert i want to be an optimism. i was born an optimism. looking at the jobs figures an growth figures last week do concern me a little. unemployment rate ticked down quite a bit. if you look at 800,000 people that walked away from jobs, the jobs participation rate looking terrible. much you had add that, median income is recovering and median

income is supposed to go up after a recession that means the economy is shrinking. what does that mean to you? >> headline numbers are great but the old expression if you torch the numbers long enough they will look great. the economy is losing a lot of jobs. i think it gives all of us a reason to pause and say what do these unemployment numbers what are they really telling us? the unemployment number is coming down yet people are still losing jobs, yet they're still out of work. where is the focus of employment numbers. they didn't give us much direction although the ism numbers that came in today, very positive, maybe that gave us a little bit reflection on the overall economy, given that uncertainty with those numbers we saw, overall economic numbers how would you bet on that? how would you bet on this economy in the market? >> i think it is still positive growth. we think the economy still plugging away.

not growing at pace we would like. the fact is, if you were to look back to 2008, when we really were losing 800,000 jobs a month, you look where we are today, the economy come back a long ways. our research shows what causes a bear market is a recession. right now we look at economic data, only some things give us reason for pause. the data shows the economy is getting a little better, not getting worse. cheryl: brian, all of this makes again could make the outlook for stocks a little uncertain as we go through the next month. we continue as david just mentioned, wage stagnation, labor participation. the fed is watching all of this. the fed has been fueling, this rally. doesn't that make volatility in your mind more certain for the summer than it normally would be? >> right. what we're talking about the stock market and economy. when you look at economy doesn't

seem like we're going anywhere with slow growth. how does the dividend stock at 3% look if the 10-year is at 4%? we have a very small margin of error because rates are so low, because dividends are so low, because credit spreads are so narrow i think we're in very treacherous territory. if anything happens like war in eastern europe, imagine what would happen? or actually slows down a little bit more here. imf turned their prescription for growth to .8%. what a happens for next year? global demand doesn't seem to be there. seems like thin ice from a fundamental economic point of view. david: hold on a second, tom, i'm smiling right now or i'm feeling glad inside. i got word that my little apple stock, my tiny portfolio of apple stock is doing better because apple is trading over 600. it ended the day at settled, $696 a share. first time traded over 600 for a

long time. is that indicative of anything? i know you're not a tock, you trade in etfs. that makes me happy. does that make you happy? >> it does. another classic of dividends, if you look at grandpa's old technology stock, apple's one of them. intel, ibm, cisco, have hoards of cash ramming up dividends. that is what investors like. that is one. reasons why apple hit new high. david: adam shapiro has numbers on aig, the big insurance company. remember we bailed it out? adam, what are the numbers? i know they're very difficult to decipher through. >> we'll miss on revenue number because they missed on what they wrote in premiums. let's give you earnings per share. that's a beat. the street was expecting $1.07. the board announced dividend payable in june of roughly 12 1/2 cents we'll get back to you on all of this, david. david: brian, any indication from aig's number? aig has been up over the past three months.

up over the past year. do you look at that number with any significance there? >> aig is so big and so complicated, i defy just about anyone to understand what is going on their balance sheet. they have loss carry forwards. it will take a couple days to figure out what is going on there. they're not losing any money so is probably pretty good. cheryl: robert frost, numbers at end of the day, tomorrow may it be more bullish? want to give you last word here, robert. >> everybody is trying to kill the bull. bears think bull market is over. everybody is calling for a correction in the market. maybe what we really got rather than 10% rebound in the market, here we are in may the market has been flat going into five months. maybe what we really got was a little bit of seesaw action rather than a big pullback. steady market throughout the first part of the year. we're very bullish. david: flat market is new pullback. that is interesting perception. thank you very much guys.

brian we'll check back in with you in a couple minutes when the s&p futures close. >> thank you. cheryl: forget about a month or a week. what if you could build a new house in 24 hours? i know. 24 hours. we're talking to the man who is making that dream reality with one robot and 3d printer. david: this is really happening. this is not computer animation this is going on. talk about fighting words, berkshire hathaway charlie monger called activist investing, quote, not good for america. is he right? are they quick buck artists or investor advocates looking to improve the company's overall long term? we'll debate that. cheryl: join the conversation, are activist investors good or bad for shareholders? tweet us @fbnatb. the answers coming up. ♪ [ male announcer ] what if a small company

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before those little pieces would get in between my dentures and my gum and it was uncomfortable. [ male announcer ] just a few dabs is clinically proven to seal out more food particles. [ corrine ] super poligrip is part of my life now. cheryl: big banks taking a hit following jpmorgan's warning about second quarter trading revenue. let's head back to nicole petallides on floor of the new york stock exchange. nicole. >> well, cheryl and david, you know well we saw financials today really taking a beating and a lot of this was due to what we heard from jpmorgan. now jpmorgan was down 2 1/2% and this is that they forecast a drop in revenue of 20% year-over-year. why did they think that?

it was both equities and bonds though. bond are more to blame of the question is whether or not this is cyclical. jamie dimon recently said that the losses he was seeing were cyclical but some speculate that the losses we're seeing in bond overall that may be permanent. jpmorgan overall talked about client activity being slower, challenging environment. and don't forget, what the banks also face in addition to global news such as china manufacturing falling off a bit and ukraine crisis and department of justice and eric holder talking about fact they're looking closer at those banks. no company is to big to jail, right? that was another way on the -- weigh on the group over all. while jpmorgan came off the low of the day it was still down about 2 1/2%. cheryl: charlie gasparino in the last hour saying citigroup needs to watch out. that is the name he threw out there. nicole, thank you very much. david: thank you very much. we're about 20 seconds away from the s&p futures closing. let's go back to brian battle in the pits of the cme a lot of

action. any way to tell what will happen tomorrow, brian? >> feels like continue ages of the trend last week. we had spike with the momentum and we're up a couple here today. this will be more of this price discovery tomorrow because there is nothing really to drive us higher. david: brian, thank you so much. come back to see us again. appreciate night will do. cheryl: the berkshire hathaway meeting may be over but warren buffett's long-time partner charlie monger is still making headlines. over the weekend monger said this, activist investors are not good for america. david: but investors put about $30 billion into event-driven fund last year. the category that includes activists. that has a lot of folks asking, are activist investors really all that bad? joining us christopher davis, klein berg wolf, cohen partner and investor activism group chair. you obviously think they're good for economy, good for america. you disagree with monger.

talk about one case in front of you. talk about apple. i happen to be a apple shareholder. i like it when the stock goes up. i'm not crazy if it goes up because of buybacks what carl icahn is encouraging tim cook do. i would rather have apple invest long term for the future. that might not be immediately too good for stocks. carl icahn might not like that. what do you think about that. >> i don't think carl necessarily asking cash to be given back to the shareholders is asking just for an immediate amount of cash. he is also asking for the proper balance. does apple need cash? absolutely. how much is the open question. that is not only thing. david: not only thing but if carl icahn was to choose between immediate jump in the share price or delay of a year or longer than that because of investment in the company i would assume he would take a

jump in the share price? >> i would say if you look at activists a whole, carl does a lot of great things, if you look at activism, a much more common thing people are asking for is board seats. value invest something what activism is about. what berkshire hathaway does in a different way. they're looking to make a value play where they think the company is worth a lot of money but current board is not unlocking it. cheryl: those that criticize activist investors like mr. icahn or ackman, what they say they have their own motives at end of the day and they're not doing good things for the company at all. maybe the stock price is not performing next six months or a year but for the long-term health of the company, but for the business the company is running whether making computers or making herbal supplements they're not focused on good of doing business at the end of the a canadian pacific shareholder who watched stock price triple from the time ackman got in and started

selling you might not think that. if you're a hess shareholder who saw the stock to up 65% before elliot got involved, you might not feel that way. there is attempt to portray activists as short termers. that is not true at all. many hold for years and years. some hold for six and seven years. you have data that shows their impact even five years later, even if they're out is positive for shareholders. >> sometimes it turns personal like with regards to herbalife for example. two very wealthy men fighting it out on twitter trying to get on television. >> the television -- cheryl: that they don't care about herbalife. >> i would argue that herbalife is not a classic activist position. it is a short around people are in it. but i do think there can be act city voice invests don't work out. jcpenney was a flop. you look as a hold, reason money is coming in. returns are there. it is turning around companies and that is good for america. david: you see perception that

people like charlie monger has, maybe it is just that, maybe it's a perception, look what ackman has done for herbalife. going into congress. trying to stir up a hornet's nest. coming out with a documentary to suggest it's a pyramid scheme. seems like some of these activists go beyond the fair value of the stock. what they're looking for is to move it in a particular direction without not necessarily caring about the future of the company. >> look at one that settled today, where you have sotheby's. what you found out in the lawsuit that was settled or, argued in delaware court on friday there are emails from the directors saying that they were too chummy. that they were too close-knit and they weren't doing their job, weren't doing their job. does anyone think that would have come out without the activists. david: good point. cheryl: we have news breaking in the last hour on target. one of their biggest investors is asking, we had the ceo resign. not spend time with his family, resign. now one of the big shareholders saying they want to split the

chairman and ceo role completely at a company like target? >> i think that is a very good position for every company to take. i think ceo and chair should be separated. i don't think there should be staggered boards. i think everybody board should be a.n.s.w.e.r.able to the shareholders every year. -- answerable. that is what shareholder democracy is about. nothing has accountability like answering to your job every year. cheryl: david einhorn -- >> it was a settlement. fair enough. it is a good point. when you think about it, if board members were good as being fiduciary as activist investors who have to answer to their investors all the time, you show up and you fail year after year after year after year, see if anyone's keeping their money in your fund? but they're expected to somehow keep their ownership -- david: they can stir up a lot, that individual investors like myself can't. christopher davis, you make some great points. unfortunately we have to move on. thanks for coming in.

kleinberg kaplan partner. >> appreciate it. david: congress was stunned when the commerce department said that the economy grew only .1 of a percent in the first quarter but is that a true reflection of the economy on what is going on? forbes media editor and chief will tell us, about a new quarterly measure of the economy that could lead to a much more sensible tax an monetary policies. cheryl: when the going gets tough at the berkshire hathaway annual meeting, the tough get going. talking of course about liz claman. she has inside scoop what warren buffett was saying all weekend much more details coming up. what are they talking about? ♪ peace of mind is important when you're running a successful business.

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cheryl: so it is not easy getting to warren buffett as you can see there in the video at the berkshire hathaway annual shareholder meeting. you have thousands of people flocking to the "oracle of omaha." they want to pick his brain and talk to him. liz claman at heart of the action. side by side with mr. buffett throughout the entire meeting. david: liz asking questions with hottest topics starting startinh activist shareholders. take a look. >> i say terrific. come on out and we'll talk about. just help yourself. >> you mentioned about rick wagoner and general motors. you do own general motors stock. does it concern you now that general motors is going through such a difficult, opaque time? >> i had lunch with mary barra just about a week ago and she is dynamite. she is, you couldn't have a better executive at

general motors at my opinion in mary. i don't have the stock as one of the two managers but i was really impressed. >> what ceos don't want to do is open themselves up to five hours of questions. >> you know you're growing to get something, you may get some that are unfair. you may get some that are tough. but in the end it can't hurt. it can't hurt. cheryl: liz claman, we'll have lot more from her. go to the website to see everything from there. david: cheryl, time for quick speed reed, with some of the day's other headlines, five stories in one short minute of the first up business and organizations can apply for nyc domain, dot-nyc. new york city mayor bill de blasio will be able to apply with a physical address can apply for a dot-nyc address. said its initial public offering was expected to be priced at 12 to 14 bucks a share.

ford recalling about 4,000 super duty f-series trucks due to a transmission issue. the recall affecting, four, 2015 models. amazon and twitter are teaming up. twitter icers can link to amazon account an add items to the amazon cart by responding to #amazoncart. they are looking at smart ear pods to monitor heart rate and blood pressure. >> i will take that. david: tech giant's plans include pairing next generation smart ear pods with the iphone 5s successor. [buzzer] that is today's -- >> wouldn't have made it if somebody interrupted you. david: too much technology. you can never have too much. cheryl: it is my life on my arm, my fit. david: is the economy doing well or poorly? wall street seems to think it is doing great. main street still seems to think it is lousy. steve forbes will tell us why wall street and main street may

have been measuring our economy all wrong. a new way to measure it, the gdp growth, after this. cheryl: wow. look at this. this could be a game changer in the home construction business. how 3 deal. printing would -- 3d printing that could revolutionize homes. david: this is really happening. the house may look kind of basic but they will get better this is the wave of the future. as we go to break, this is look at fox business fans at the fox invest cam at the berkshire hathaway 5-k run. take a look. >> i'm stuart, from the greatest city in the word, omaha, nebraska, owner of best stock in the world, berkshire hathaway. go fox business. >> hi, i'm marisa. i'm here with my daughter and or hometown is omaha and we are shareholders of berkshire hathaway. and i just want to congratulate my daughter for finishing first

in her age group at three months.

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[ male announcer ] see if your business qualifies. become the next business to discover the new new york. so ally bank really has no hthat's right, no hidd fees.nts? it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. david: is economy stronger or weaker than the investors think it is right now? one would not expect these price levels for stocks unless investors thought economy would grow a lot faster than it is now. on the other hand we're hearing about a growth pickup for years and it never seems to come. so is our economy about to take off or not? let's ask steve forbes,

editor-in-chief of forbes media and star of fox news channel's "forbes on fox," every saturday at 11. you do great work on that show by the way. >> i just follow your lead. david: so are investors right about the economy? it seems they're pricing in a much stronger growth than what we really have? >> till will be stronger but only in comparison to what happened in the last five years. like a baseball player going from 190 to .250. much better but not the .300 or .350 he should be batting. the economy will come off the first quarter. banks are starting to lend again. overall lend something up 10 percent this year. first time in a a long time bans are loosening up of the regulators are loosening up. we have a great energy boom. no new taxes from washington that is positive thing. we should be cutting them but at least they're not going up. >> to your point, all those factors, richard fisher, the dallas fed chair spoke to maria bartiromo last weekend and here is what he had to say about the economy. play the tape. >> we expect, and i certainly

expect personally to have the kind of numbers we just saw reported the other day. remember, maria, the previous numbers for january and february and march were updated. so we're, we're moving in the right direction. david: okay. so for all those reasons, there is room to be optimistic. however, look at what the american people think. this is "fox news poll" for you and your family does it feel like the economy is getting better or worse? 34% feel like they say it is getting better but 51% see it getting worse. why is it there such a disconnect between wall street and main street? >> i think primarily because people are still feeling sluggishness we've had last five years. incomes have gone down in the supposed recovery instead of improving. people feel under very, very severe pressure. we don't see a lot of job new creation. people are still encouraged in the workforce. it still doesn't feel quite right. given growth likely to get feel

better but not enough to break out champagne. david: can't put a fine point on this. median income is down 3% from the beginning of recovery. usually when you're recovering you get a little more income. this time we have less. >> and there is feeling that the government really know what it is doing. you look around the world. doesn't feel like things are going in the right direction. david: there is also another thing. we teased this you wrote a column how there is better measure for what economy is doing better than gdp. gross domestic product is one way of measuring economy but gross output is another way of measuring economy. what is difference between the two? >> gross output measures the whole economy instead of focusing on final sales. like taking milk, not realizing it comes from the cow. has to be pasturized, bottled shipped, taken to the supermarket. gross output gets the whole economy. what it focuses on the fact that you know, sales are simply the end product of production. david: okay. that's why what we're looking at right now, we always hear this

thing, 70% of our economy is consumption. this way of measuring the econ 40%. what that means the consumer spending is the effect of prosperity and growth, not the cause of it. so what we should be focusing on is creating jobs, creating new businesses an consumer spending with follow. >> gives proper perspective to business investment. instead of being a small part of the economy. it is 40 to 50%. you don't have investment, you don't get economic growth, you don't get job creation. also knocks down why i think the commerce department bury this is number even though finally released it on the quarterly basis, knocks down government spending from 20% plus to 9% or so. david: if you believe 70% of the economy is consumption all you have to do is have government hand out cash to people, they consume more, the economy is okay. that economic model has been tried for the past six years and it ain't working. >> simply printing up money doesn't get to the fact you have

to produce something. great economists say, 200 years ago, told us if we want a product we have to produce a product, whether our labor or something else. very basic stuff been forgotten for decades. david: the focus should be on making it cheaper and easier to produce things than necessarily to buy things. >> look at obstacles. removing obstacles to capital creation. removing obstacles to investment and starting a business. all the things obamacare, binge spending, weak dollar standing in the way, you clear those we'll get production again. david: finally since we focused for six years on consumption side, trying to make it easier for people to consume, and that hasn't worked very well growing our economy, do you think we're ready to focus on production side, on producers? >> i think even democrats in congress would be able to do really reform to reduce corporate tax rates. it has to start with the white house. until we get a new president i think it will be a tough slog. hang in there for two or three years we'll get this thing

right. david: steve forbes, let's hope. let's pray. steve forbes, great to see you again. as i mentioned you can catch steve and myself, every saturday 11:00 a.m. on the fox news channel on "forbes on fox." steve, once again, thank you very much. of the. >> thank you. david: cheryl? cheryl: great show. never miss it. all right, construction the entire industry may never be the same again. coming up the engineer who invented breakthrough knew technology. he will tell us how 3d technology is moving from factories to building sites. you know, it is not that often billionaires warren buffett and bill gates along with berkshire hathaway vice chairman charlie monger sit down for an interview and they did for liz claman. you don't want to miss what they said to say about the changing face of well, the media, from social media to newspapers. we'll be right back. i ys say be thman with the plan

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cheryl: more than 30,000 people flock to omaha for the berkshire hathaway an ball shareholder meeting to "oracle of omaha," warren buffett. david: our own liz claman got a chance not only to speak with warren but microsoft founder bill gates and vice chairman charlie monger who is always saying something controversial. liz asked warren why he believes, continues to believe in the medium of the newspaper. >> it's declining and it

declined last year. declined the year before. it is declining and i would say there is no real evidence of a leveling off. the decline rate is not severe in many places. >> but to interrupt, warren, you threw that all the way to the front step of the clayton home. i made it to the front step. people can walk out in bare feet to get the newspaper. >> that's true. i need the exercise. you're very thoughtful actually. >> jeff bezos suddenly showed interest. that is company you're very close with. what do you hope jeff bezos will do? >> i hope he has success and anybody can do it is jeff. >> have you talked to him? >> i haven't talked to him since he bought it but no, i haven't talked to him. >> bill, amazon competitor

alibaba, very interesting company, possibly may announce the ipo details this week. jack ma, founder and ceo, a former school teacher, this is a great american-chinese story. entire towns in china are built around selling things on subsidiaries of alibaba. do you get the sense this is really huge thing on the cusp of changing in a disruptive way, how we buy things on the internet? >> alibaba dominated e-commerce in china. e-commerce in china is even bigger by most measures than it is in the united states. so jack led the way. he made a big announcement about philanthropy so he is a pioneer as well. >> has he joined the giving pledge. >> no but he announced a very large gift to his foundation. he is spreading the word that he thinks successful people ought to take a hard look at

philanthropy. >> warren this, is tough one this is ask liz question from joe. he is interested in alibaba. what do you think of an alibaba ipo, a buy or a pass? >> well, i have no idea what it should be for him. i can't recall when i bought an ipo literally in 50 years. maybe i have. but i don't ever recall. >> why not? >> it is very seldom that an ipo by design is going to be priced at something i understand at a bargain price. why would a seller come to market and offer something at a bargain time. in fall of 2008, nobody was bringing ipos but that was a time to be buying stocks, so. it has never been my game to read a prospectus on something and figure that somebody offered me a bargain. cheryl: all about the company. all about what the company does. david: yeah. cheryl: the valuation. coming up, it is the most

expensive home ever to be sold. in a moment we'll give you jaw-dropping price it went for. we'll also name the buyer. david: i think that is right here in new york, isn't it? we'll tell you that much. staying with real estate, how about building your next house in 24 hours using one of these, i know the printer name is kind after misnomer but we're talking 3d printing. we're not talking science fiction. it is actually happening. we'll talk to the engineer behind this incredible technology next. cheryl: next step is science fiction. david: yeah. >> all right. all of that is coming up next. obviously we'll be talking about technology and what else can we do "after the bell"? david: i think we're ready for this segment, despite the music now. one of the hottest trends in the tech industry right now is 3d printings. you can print anything from kids toys -- cheryl: very excited about this segment. david: it is coming up next. weekdays are for rising to the challenge.

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printer that can actually be used to print a whole house in just under 24 hours. print again, is a slight misnomer. we'll tell you more about it. the joining us the man behind the giant printer. the professor, you are a miracle worker. i never conceived when i heard of 3d printing that it could be done on main for scale. i think we show video how this is done. while we're showing video i will describe it. what you do is to build a house this way. you level a sight. workers lay down a few rails, a few few apart from the eventual's building wigged and a gantry type crain with hanging nozzle which we're seeing and components will travel along the rails. then the nozzle spits out concrete in layers to create hollow walls and fill in walls with additional concrete. human beings are then employed

hanging doors and inserting windows. so what are the advantages? i imagine the main advantage is speed and cost, correct? >> that is correct. also safety is a major advantage. construction is the most dangerous job. it kills several thousand people every year around the globe. they say about 60,000 fatalities. in the united states alone we have 400,000 injuries on construction sites every year. eventually translates costs into end use years there were reports that chinese company did a similar thing. they made 10 homes in very short amount of time. saved and also for the buyer durable. the obvious question will these homes be long-term or lasting? maybe chinese don't care as much as we do but that is fair question for everyone. >> that is true.

the chinese company came and visited our lab and us and invited me over there. their interest they said was selling materials. they later went ahead and kind ever counterfeited our approach. strength basically comes from material and design. if you use poor material and if you use thin walls, even if you have the best construction crew, they can not build you very strong structure. these methods ever 3d printing of buildings is a process basically. if you design good buildings with wide enough, strong enough walls and use good enough material, for example concrete has different ratings from pretty weak concrete they use to make, for example, curbs all the way to the concrete that goes in

the base of high-rises, there are different strengths and they have different prices. david: professor, one thing we're looking at model of this happening and looking at real thing by the way, i'm wondering about jobs, construction jobs. this clearly reduce number of people involved in building a house. could that cause a job shortage in the housing industry? >> that is a valid concern. it will not happen overnight. a lot of people still want to build wooden houses. as gradually the technology takes over, there will be other opportunities opened up. first of all there are related technologies. cheryl: pro i'm sorry, are you talking about, the other thing people are talking about now, with regards to tissue and organs, human parts that seems to be the next kind of

forefront. are we ready for that? is the technology there? >> now we're talking about three deprinting in general. yes applications of 3d printing for tissue and organ fabrication are starting. it has a great promise in that direction, definitely. david: as we take over or take off, professor, i'm just wondering do you hold the patents for these houses, the three deprinted houses? >> -- 3d printed houses. >> yes, i hold more than 25 patents. a lot of those have worldwide protection. david: congratulations. it is extraordinary. >> thank you. david: development. by the way we didn't talk about the use of these houses in disaster areas. this could really save a lost lives. professor, thank you, doing great work. we appreciate you colling on to talk about. >> thank you very much. my pleasure. cheryl: from one spectrum to another. we'll talk about this. one airliner unveiling luxury

first class suites complete with your own personal butler, david. we'll tell what you it costs, who offers it, just for you. david: i don't think i could afford it, cheryl. a massive waterfront estate becoming the most expensive home ever sold in america. the last one i think was on the west coast. this one's on the east coast. we'll tell you the mansion's hefty price tag when we go "off the desk." cheryl: as we go to break, here are more fans of fox business from our fox cam from the invest in yourself berkshire 5k weekend run. >> i'm vinnie from new york. shareholder of berkshire hathaway. big fan of warren buffett. and a big fan of omaha. go fox. >> i'm debbie from omaha, nebraska. >> nora from queens. go fox business! >> daniel from omaha, nebraska. shareholder of berkshire hathaway. go warren buffett. >> go fox business. uncer: wherer be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office.

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luxurious private jet experience on commercial flight. national carrier of united arab emirates brings you what they call, the residence. it is upper deck luxury cabin for people that like to fly fancy. $20,000 is how much it costs. personal butler, living room, with egyptian cotton sheets and big-screen tv the service available on flights from abu dhabi to london. it will be available to customers on the australia route next year. >> not new york though. "off the desk,," 18-acre beachfront home in the hamptons exchanged hands for cool $147 million. making it the most expensive home ever sold in the u.s. the home belonged to christopher brown, a brown company investment firm until he died back in '09 of the his family sewed the estate in a closed deal to barry rozenstein in new york. it has a formal gardens, jerry seinfeld, just a few

high-profile neighbors he will have. broke the record from two weeks ago. david: number one thing to watch tomorrow, earnings from disney and groupon. that will be "after the bell." gerri willis is next. gerri: i'm gerri willis, right now on "the willis report." , start talking to victims tied to its recall. how much will gm pay to make these cases go away? also, amazon and twitter team up on shopping. we'll investigate benefits, if there are any for consumers. we're covering your assets with one of most popular retirement investments out there, target date funds. are they worth your money? we're watching out for you on "the willis report." gerri: starting the show with two companies putting consumers at risk, target and