financials. they're way down at the announcement. >> trip advisor, whole foods, just to name a few. this is earnings season. [closing bell ringing] david: if i'm not mistaken this is the session lows. cheryl: we're sitting at session lows for dow, s&p, nasdaq. watching small cap names, really taking a hit over the last few sessions. that is continuing. david: it is low of all of the indices. we have inverted pyramid here starting with the dow. that is not a good sign either. the dow suffering least losses, if you call it that, 12points to the downside. going down to almost a 1 1/2% loss in the russell 2000. small and mid-sized caps taking it on the chin. "after the bell" starts right now six big names coming out with their financial reports. disney, whole foods, trip advisor, whole lot, groupon as

well. chart today's market action. looking at session lows down here. dan is the january any capital markets managing director of technical research. he will tell us why u.s. equities are the best bet right now, despite today's losses. larry shover in the pits of the cme. larry what is happening with the nerves at cme? is it the beginning of something worse? >> it could be. stocks are definitely off. the action, background noise is more static right now. keep in mind the whole bond, stock, conundrum continues. this has been going on for a while. a bad trade number reinforces the awful first quarter gdp. other than that calendar is kind of light other than yellen speaking tomorrow and again on thursday. and the ukraine, at least from the perspective of stocks is keeping us between 1840 and 1880. david, to answer your question i think we're up to something big right now. trend do last longer than most of us can stay solvent.

we're all saying, how can 10-year yield, 2-spot and stocks continue to stay up? we know it can not continue. it just can not. cheryl: dan, i know you like stocks long term. i know certainly you're watching. not trying to focus too much on day-to-day. what getting big earning coming in from likes of disney and group advisor and groupon. -- trip advisor and groupon. how are you feeling right now as the s&p 500? >> the action is fine. we're coming into this looking for a bigger market correction in march and april. really what you got, you got a correction in time and not so much a correction in price. in other words the big indices as s&p and dow they held up pretty well over the last two months. small cap and mid-cap names got hit pa little bit harder. there were more severe profit taking in some high flying groups like internet as you guys

mentioned. also biotech. there has been a lot of rotation underneath the surface. think all in all stocks are holding up pretty well throughout the season. david: considering growth figures. dan, focus on that for a second there. dan, turns out, may be, not all the figures are in when we heard the, .1% growth isn't bad enough, maybe that we actually had a negative growth in the first quarter. aren't those growth worries something that keep you up at night? >> yes. that would be something that would start to concern me. we always hold that, you just need positive growth. it doesn't have to be tremendous momentum in terse of economic growth but you always want it to be on the plus side. if you start to stray over that fence and really regress in those terms, and i think, yeah you could maybe get a bigger pull back within equities. always remember, this is equity market cycle. within any equity bull market cycle you have to give allowances for corrections.

i even dare say crashes and "flash crashes." but the bigger picture that those provide tremendous buying opportunity. cheryl: "flash crash," anniversary which is actually today. larry, something else. adam shapiro up in the newsroom has groupon numbers just coming in. adam, what do you have? >> let you know they're reporting earnings per share loss of one cent. the three was expecting three cents on much pronger revenue numbers than the street expected -- stronger. street was expecting 738.4 million. i believe the stock at this point is trading up 4%. cheryl: we're looking at it right now. the ask is 7.09. it is actually moving up. there is groupon numbers. grpn is the ticker there. adam, we'll let you get back to the computer because a lot more names are coming in right now. adam, we'll go back to you, one of the things we're looking for is janet yellen. that is something the traders at

cme will be watching very closely. could she upset the applecart tomorrow, larry. >> she could. the odds are very small. cheryl, way i look at that i look at implied volatilities, what people are paying for options in the bond market and stock market, all asset classes. right now the market is assuming she will do nothing to upset the applecart. in fact she will do a lot to stablize the market. i think that is what we're seeing today. good grief, we're only down 12, 13 points. that is not a big deal, given various factors going on in the market last few days. i don't think, in other words, i think she will deliver something very positive to keep us stable. david: hey, dan, we're still seeing a little bit of up move in terse of groupon. you look at all the other, yelp and all others. twitter leading way down today, are you going anywhere near those stocks, those social media stocks? >> no, to be honest with you, that is one group we're avoiding. we want those things to shake themselves out.

we really want to find a bottom, get stabilization. let buyers come in to support price and turn it higher. we'll buy it on up swing. to your point, it wasn't just one or two stocks. it wasn't just twitter today. that whole group has really been decimated over the last week. david: dan, we have breaking news. sorry to interrupt. whole foods is many coulding into numbers. they don't look good in terms of after-hours. go ahead, adam. >> record sales. their stock is trading down. they missed an earnings per share, david. came in at 38 cents. street was expecting 41 cents. revenue came in roughly on expectations, $3.3 billion. the street was expecting $3.34 billion. we'll dive into it here. right now the company's stock is trading down as you said. david: trading down 9% right now. it's a big loss after-hours. dan, what do you think about, i happen to love whole foods. i love the business model. i love the management model of this. maybe when you see a 9% dip in

the stock tomorrow if it holds tomorrow maybe it's a buying opportunity? >> could be. it certainly gotten oversold. one thing with mole foods that is in the consumer group. that is an area destroyed lately recently as well. investors clearly show a preference for other sectors outside of consumer, outside of some internet names. as a result, a lot of guys are getting beat up. my guess traders will come in to do bottom-fishing next couple days. cheryl: i know you don't like consumer discretionary. you reiterate that stance as we got whole foods. >> sure. cheryl: you like names like exxon and catca. you like deere. you like larger names especially in the energy space? >> we're watching what the investment community is doing. we're watching where money is rotating to and away from clearly we're seeing rotation out of consumer. remember consumer has been the leader for the last four or five years in the cycle. they're moving away from that.

so what we're starting to see a lot of rebirth in the energy sector which really was an underperformer for several years. that is really now just breaking out against broader markets. manufacturing, industrial that is a big story in this country. those stocks are really reflecting that. absolutely like the names. you look at name like -- go ahead. cheryl: we're looking whole foods. i want to keep the stock up. we're talking about something like exxon. four quarters with lower profit. a lot of cost-cutting which seems to be the theme. let's bring in adam shapiro with activision. what are you seeing in the number? >> their stock is trading up 4% on after-market. they had a big beat earnings per share. 19 cents. they were expecting 10 cents. the street was expecting 68.7 million, cheryl. david: let me go back to larry shover if i can. i'm looking at activision, like liking at whole foods. don't mean to keep switching

back and forth. whole food is really a big story here, larry. it is really dependent on a lot of things. the food base price which is increasing. food inflation is not included in cpi. should be in my mind. it affects companies like whole foods. then of course the consumer. consumer right now is getting squeezed and may be cutting back on things like quality, paying a premium for food at the supermarket. maybe one of the things that they will have to cut back on? >> maybe. i also think, here's the whole foods story. intensifying competition. there is a lot of wannabes in this space crowding out whole food right now. also whole food is moving to smaller markets. with those smaller markets they will have to lower their price point. i think traders know that. on the other hand, i think, it might be a immediate storm cloud but long term a great thing. if they lower their price point and do move into these smaller markets, they might have exponential growth. so long-term it's a good company, it is a great company.

i liked it for a long time. david: what are they screaming about behind you, larry? is that a normal tick in the market? >> very normal tick in the market, yes, sir. david: okay. cheryl: by the way, i want to go back to dan on this. i know you don't like consumer discretionary but i'm not sure you call this discretionary of we got activision numbers. this is of course is gaming. they're going into the whole new world of sci-fi gaming, dan, and pick a character and become the star of your own whole movie. this is new level of entertainment for activision. do you see the tech space in general kind of picking up steam? >> i mean i think it can. you look at name like that or even, ea sports which i guess is reporting today as well. they have been in pretty decent uptrend lately. there is lot of buying going on behind those names. clearly investors are starting to believe, investors are starting to discount some type of future developments within those companies on a fundamental basis.

i think the price is certainly reflecting that. you will always have these sort of step backs of earnings when they don't report exactly the way the street wants them to. when you come in with accumulation the past several months i clearly think that is positive sign. i think so. i think we'll hear great things from the companies. david: adam has a little more information on whole food as we watch it go down 9% after-hours. go ahead, adam. >> yeah. we should point out charlie brady has bought to our attention one of the reasons you see this stock selling off the street understands they will not be as profitable going into the future. their guidance for the full year on their gross operating margin, the street was expecting almost 36%, 35.8% but they're guiding at 35.5%. doesn't look like they will be able to squeeze quite as much profit out. cheryl: adam, we're still waiting on disney. as soon as we get disney's numbers we'll bring it to you. we want to thank dan. larry see you in a few minutes when the s&p futures close. are you looking for a job?

now it is as he as swiping that phone. a new apconnecting job-seekers with employers from click after button. we'll have the founder coming up. david: we're always looking for ways you guys can get a job or better job. cheryl: i'm always doing that. david: new fiat chrysler unveiling its five-year plan. yes, it has plans to build jeeps in china. remember mitt romney just a couple years ago was called a liar for suggesting that would happen. now that fiat can siphon chrysler profits to italy and build jeeps in china, was the chrysler bailout better for italy or for the u.s.? we'll debate that. who do you think got the better deal in the bailout? tweet us @fbnatb. or go to facebook.com/afterthebell. your answers count and they're coming. ♪ ♪

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despite our bad gdp number, trade number, u.s. is improving as well. that said we're stuck in 1840, 180 range. my mind, seems like traders mind, once that bond conundrum question gets answered we'll know the next leg in the market. cheryl: larry, thank you. david: thanks, larry. electronic arts reporting fourth quarter earnings. cheryl: let's go back to nicole petallides on floor of the new york stock exchange. nicole. >> exciting to look at electronic arts which is soaring in after-hours. beat on top and bottom lines and giving a great forecast as well. let's break it down for you. earnings per share coming in at 48 cents, beating analyst estimates of 11 cents. that was clearly a beat there. revenue of 914 million versus 812 million. i have to tell you the full-year outlook as well beating thompson righter estimates of $1.58 which is way ahead of the thompson righter estimate of 1.52. a pete, beat on the outlook as well. what happened in the latest

quarter, their profit beat. their sales were jumping. they certainly gave a lot of credit to the new generation of consoles of microsoft, their newest xbox and playstation, the newest playstation. i also want to say four of the five, et cetera, but great news there. david: nicole, sorry to break in. we do have disney numbers. usually they're out in the first 5 minutes. adam shapiro looks like the market likes it after-hours? >> trading up 2% after-hoursdra, 11.65 billion. the street was expecting 11.25 bill, david. earnings per share coming in at $1.11. street was expecting 96 cents. david: wow. >> second quarter studio entertainment revenue, and parks and resorts, media revenue was 5.13 billion, consumer products revenue,85 million. david: give me that overall revenue number again, adam? >> overall revenue number was 11.56 billion. david: wow. >> the street was expecting

11.25 billion. david: nice beat on top and bottom line. let's bring in matthew arogon, wunderlich securities analyst. these are great numbers after-hours. do you think it will stay there tomorrow? >> i think all trends at disney are quite encouraging, particularly the studio with "frozen." disney animation is full pier to pixar. they revitalized, marvel projects and "star wars" coming. that is a great number. espn is executing handsomely even with the olympics and march quarter. the parks business is doing fantastically well off a spate of new attractions at magic kingdom. the magic plus pass and everything. i think you always have to worry about cyclicality in the economy with disney. but creative execution right now is really quite good. cheryl: you know what, matt? it is interesting, looking at revenue on park side, 3.56 billion, coming in strong.

a piece of that they have these new interactive wristbands they launched about a month ago. i don't know if numbers we're getting actually include that. there has been a lot of buzz about the fact that will be another revenue increase for the company on park side as well. what do you make of the 3.56 billion on park side for revenue? >> that is almost exactly what i was carrying but i was slightly ahead of consensus. some of it, you had a drag from the easter holiday following into the june quarter. that is really nice number. i think they are really trying to personalize the parks experience and make it smoother, eliminate some lines and everything. that is certainly isn't anything that drove the march quarter just now. but you can really see this company, remains amazingly innovative for particularly given, one of the older companies around. david: hard to find anything dark in all these numbers. but i do have to, there is something dark in the economy, matt, not only moving slowly, it may have been moving in a negative direction in the first quarter when all numbers is in.

disney is very susceptible what happens to the economy. if we continue to drag ourself and this economy, what happens to disney? >> well, that is the reason we don't have a buy on it right now but i feel that they will execute as well as anybody. i think particularly wees pen. they had an analyst day last month up in connecticut. and you can see live sports. you advertising, when people don't skip through the advertising and ratings are very good. and really across all their businesses they're in a great place. they only estimate, the only issue becomes how much of an albatross the economy becomes not just in the u.s. but global basis which certainly affects things at disney world and some international businesses. cheryl: also, the thing is i was looking at revenue coming in from cable networks. this is espn obviously. the broadcast network as well, very strong. in fact they boo beat handily on revenue for the broadcast network as well. another assuming bright spot in your opinion for the disney company over all?

>> you know broadcast, i really think is kind of on the periphery. people know disney owns abc. they don't particularly care. espn is a big engine. broadcast was a beat. i was a little surprised on that one, given everything. but overall this is very nice set of numbers. cheryl: also sold, interesting the sale of a property, gain on sale of property. a lot to go through. matt harrigan, thank you very much. david: david: we should mention the stock is trading up 2 1/2% after-hours as we continue to see a drag on whole foods. whole foods is down 10%. cheryl: whole paycheck i like to call it. david: they don't like to call it that. at any rate, whole food is down. disney is up after-hours. fiat chrysler ceo sergio marchionne is getting ready to take the podium and talk about earnings and the automaker's new plan to drive up sales and profits but are you taxpayers

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david: yes, earnings keep on coming. the new fiat chrysler reporting results moments ago as it unveils its ambitious five-year plan in michigan. cheryl: ambitious is the word. jeff flock live at chrysler meeting in auburn hills with more. give us numbers, jeff. >> it's a loss for the quarter. not an unexpected loss. i want to take you right inside to exclusive pictures of the ming if we can. richard palmer is the cfo of merged chrysler automobiles, amounted to a loss of $427 million for the quarter. that is 37 cents a share. not unexpected because of a one-time payment largely to the uaw trust for the trust's stake in chrysler. now of course, fiat owning 100% of it. so that is where that loss came from. other than that they would have had a small profit of for the quarter. sergio marchionne coming up to the podium as well to talk about these numbers but mainly what he's going to talk about is this

huge expansion plan that they have and take a look at some of these sales growth projections they put out there. nobody, david and cheryl, does this, in detroit or anywhere else in the world. makes these kind of projections this far in advance. over the course of the next five years they expect the chrysler brand in north america will gain 132%. fiat sales up 67% over that time. jeep, ram, both up, multiple double digits. the only one lose something dodge because they're caking away dodge caravan making that chrysler be the mainstream brand and taking over van sales. other than that, very ambitious targets. david, i heard you say, who will finance this? that's a great question. right now chrysler has the money. some people think that is where the money will go to expand for fiat as we as alfa romeo brand will come back into the u.s. and

but made overseas of the other big piece of this expansion is jeep. they will make jeeps in china, in brazil, elsewhere in asia. they're going to be making jeeps in a lot of places. italy as well. as you pointed out a certain political candidate in the last election said they will make jeeps in china and everybody said it was a big lie. they did make an ad said they were going to take away u.s. jobs. the jeeps made over there will be sold over there, only. that part was wrong. the making jeeps in china, that was dead on. david: that is all he said. got liar of the year award. turned out to be happening. jeff flock, appreciate it. good stuff. speaking of chrysler, it was u.s. tax dollars, you, who bailed outcries letter and now owned by the italians who paid a lot less for the operator than you contributed. who profited from the bailout? cheryl: alibaba expecting to be

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is. david: here is smooth that does not add up. u.s. taxpayers spend $12 billion saving chrysler as an american car company. fiat spent half that $6.5 billion to buy the company to turn it into an italian car company. the question how much of chrysler's cash will go to europe to finance competitors to american car companies? to someone fuming about all of this for a long time, john berlau, competitive enterprise institute finance and access to capital senior fellow. john, great to see you. you have been the guy screaming in the wilderness. we will talk about another buy,

mitt romney, who did that and was called for a liar. remind viewers, first 20% of chrysler went to fiat was essentially given to fiat by american taxpayers, right? >> it was given. fiat paid zilch for the first 20% of the chrysler. all they agreed to do was contribute their intellectual property rights and their other brand. so far chrysler has been fiat's profit center. they doubled down making jeeps and pickups. that is what is, you know, fiat would be tanking if not for that. david: just to complete the story, how did they get the other 80% so cheaply? we the taxpayers spent 12 billion. they bought it for 6.6 billion, about half as much. how did they get it so cheaply? >> well they had connections obviously with the obama administration and president obama wanted to brag this is detroit's future making ecocars like fiat. by the way of 6.6 billion, breaking that down further, only

2.2 billion went back from city yacht to the u.s. taxpayers. 4.4 billion went to fellow bailout recipient united auto work is, right, unbelievable. wasn't fiat at one point prohibited from using its profits from chrysler which was pretty successful to pay for their losses in europe by fiat? >> well, that's why they, prohibitions are no longer, now what little prohibitions they have, now that they have 100%. they have twice as many employees in europe. and europe's labor laws, particularly italy's are worse than detroit. they haven't, can't layoff italian plan. david: think about it for a second. the reason that rule was put into effect so u.s. taxpayers wouldn't feel their money was being used, was being siphoned off into a non-u.s. car company but now katy-bar-the-door, it has all been done. >> it was to save the detroit. but the sad irony, detroit went

bankrupt. ifwer were giving auto bailout i oppose on principle in in in tht place to foreign auto company, why not to toyota and hyundai which employs almost as many workers as chrysler in the united states to build more capacity here. david: worse than all that fiat, fiat is italian company that competes with u.s. car companies, specifically with ford. some of their products are directly in competition with ford and we just empowered a competitor with a u.s. car company. i mean that is like paying the enemy. >> yes. and they actually i believe, ford sells more cars in europe than fiat does. it is fiat, is some of the most debt ridden, most poorly performing over past few decade even of european car companies. david: all right. we get the news today. jeff flock has been doing wonderful reporting on all this, that chrysler is going to build jeeps in china. now back in 2012, 2011, to 2012,

the buildup to the president's, presidential election when, mitt romney said, and i'm quoting him here, barack obama, quote, sold chrysler to italians, which is true, who are going to build jeeps in china. which turned out to be true. for saying that, he received the 2012 "politifacts" lie of the year award, a dubious award obviously to mitt romney. didn't he turn out to be exactly right? shouldn't "politifact" apologize to romney for this. >> i really think so. also the fact that they're actually making jeeps in italy for export all over the world including in the u.s. they're expanding operations internationally to sell to the u.s. and on the backs of chrysler and its workers, courtesy of u.s. taxpayer. david: have we, obviously you and i and other people were expense this from the beginning because we saw a lot of this coming but now that it has come, has anybody responsible for this

admitting that they made a mistake, that this thing has not worked out the way they thought it was? >> i, i haven't heard of anyone doing so. david: all right. we wait. if we hear of anybody, we'll tell you, folks but, people in washington don't like to admit they were wrong. john berlau, from the competitive enterprise institute. >> thank you so much, david. david: by the way, join the conversation, was the chrysler bayout better for italy or the u.s. -- bailout. let us know what you think, tweet us @fbnatb. cheryl, over to you. cheryl: should mitt romney get an apology? gosh. are you searching for a perfect date and looking for a job? believe it or not those are two of the biggest challenges that many people are likely to face. now there's an app that draws from experience on the dating scene to help find your dream job. we'll talk with a man that came up with the idea. that is coming up next. next time you want to rush delivery of your lunch, don't be

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david: breaking news, alibaba, this may be the news you're waiting for. jo ling kent, go ahead. >> dave, we've been waiting a long time for this. alibaba filing for an ipo up to one billion dollars of ordinary share. this is seen as placeholder

value. this is expected to increase during the ipo. interestingly during the 2013 revenue coming in at $5.55 billion. this is real first look at numbers directly from alibaba. they're not revealing where they willies, which exchange, nasdaq or new york stock exchange. also no indication of the ticker symbol in this filing as well. so we're continuing to break down this sec filing for you. we'll bring you more as we get it. cheryl: also yahoo! owns i think it is 26% of alibaba right now? >> stake alibaba has. softbank with 3%. jack ma the cofounder has about 7%. a lot of companies stand for major upside once the stock starts to trade. a lot of analysts say yahoo! is undervalued given the sum of its parts including that 24% stake in alibaba. they will sell off some of that, cheryl as the company ipos. cheryl: you know this company so well. so the 2013 net income, coming

in $1.39 billion. i don't know if that number surprises you or not, jo ling. we're so curious about the company, what the breakdown of it is. do you think that will be important as we move forward and talk about this company? >> yeah. every single piece of information we're getting out of that file something really critical to analyzing the company because we haven't really had that much financial information on it. there was a filing in hong kong a while ago when they listed there for a short while. that information is very much out of date. we know revenue is up 66% year-over-year, according to yahoo! earnings. we're also seeing now that there are 20,000 full-time employees. this, company founded by a guy named jack ma. he really has an incredible rags to riches story. he founded the company in his apartment just south of shanghai and he still owns that apartment. he is known for being very friendly with the staff, very involved, despite the fact that he stepped down as ceo last may. so very interesting story. we're also seeing that the 2013

net income attributed to ordinary shareholders here, $1.35 billion. and the overall holdings we're seeing now, 1.37. so a lot of interesting data coming out of here. pouring through the details. cheryl: even the amount, i'm looking at 20,000 employees. just fascinating to see, we're finally getting a peek into this company. david: jo ling kent, terrific reporting. thanks very much for breaking it right here. cheryl: we're going to take a quick break? >> we are indeed. forget about having your food delivered the traditional way. there is a company that will send the order by doing it from the sky. this is not science fix. it is happening. we have the story coming up. hid? that's right, no hidd fees. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!!

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cheryl: time for a quick speed read of some of the day's other headlines, five stories, one minute. top 25 hedge fund managers in the u.s. took home $21.5 billion in compensation. the pay is highest since 2010 and 50% more than the amount they made in 2012. video ad on facebook will cost advertisers about a million dollars per day. the offer only available to a select few brand that have to submit content and be approved by facebook's creative team.

general motors recalling nearly 60,000 saturn -- david: another one? cheryl: can you believe it. gear shift problems. this affects vehicles from the 2007-2008 model years. walmart's online sales rose 35% last year, beating amazon 20% growth. retail giant's worldwide online sales totaled 10 billiondollars, still well behind. amazon has to point that out. office depot closing at least 400 stores, a quarter of its total. closures due to the company's merger with officemax. [buzzer] that, i had time to spare. david: you did have time up until the time the bell rang. adam shapiro has been standing by. more movement on whole foods and it is not good movement, adam, go ahead. >> yeah, their shares are trading down after market, david, almost 12%. the report we got, they missed on earnings per share, street expecting 41 cents. revenue 2.3 billion. street was expecting 2.34 billion. a couple places they're missing.

comparable store sales increased to 4.5%. the street was expecting much higher than that. then in their guidance for comparable store sales growth in the third quarter, only going up about half a percent. the street was expecting it to go up to 5.5%. what they're guide something 5%. that is one of the reasons whole foods is having trouble. we're also watching disney after-hours. disney's stock is essentially flat. it is trading up about half a percent. disney with an incredible beat. the earnings per share $1.11. the street was expecting 96 sense on revenue of 11.65 b the street was expecting what, 11.25. good day for the mouse. david: adam, thanks. cheryl: let's get jo ling kent in. you have news on underwriters on the alibaba filing we got a few moments ago. >> goldman sachs and other banks going through that information right as we speak. interestingly in their filing alibaba saying one of the risks

they may not be able to maintain and improve network effects of their their ecosim which could hurt the business. they also cite security measures as well. interestingly, commerce revenue out of china, $469 billion. international commerce coming in at $669 million. why you want to care about that number. that number is certainly a fraction of the 4.7 billion they're doing in china right now but that number is slated to grow with ali babas acquisitions in u.s. they're planning to launch a company called 11 main, a consumer online platform in the u.s., run by americans in california right now. that hasn't launched yet. that is something to watch. we're also going through to see they also believe that alipay, their version of paypal could be a risk factor as well. that was spun off. many analysts expect that to be spun back into the company to further increase value of those shares that we will see get listed. we don't know yet, if it is

going to be nyse or nasdaq or what that ticker symbol is going to be just yet. no information on the filing there. but, again, one billion dollars is what they're looking for with that number slated to change. i'll send it back to you guys. david: jo, are they at all sensitive? we just dealt with whole deal about bailout of chrysler going to an italian company. they are essentially a chinese company using western capital. i mean that's why they're here. not because they're planning on expanding or are they into the united states? >> there are plans to expand. there are a couple of companies that they have actually acquired or they actually invested in here in the u.s. so there is major expansion effort for alibaba. you are right, dave, it is a chinese company. in that respect they are subject to chinese rules and regulations. when they did have the alipay, their paypal type were trying te virtual credit card, the chinese government stepped in and said maybe that's not such a good

idea. jack ma, the former ceo, the cofounder, the guy who really brought this company to prominence has said in person he has been affected by the chinese government's influence on the company. david: good stuff. cheryl: amazing. >> this is certainly, it is a chinese company, let me say. cheryl: thank you, jo. david: jo ling kent knows everything about it. terrific stuff. cheryl: the fact they're filing here, that was big news. david: there is a lot of capital here. you might think the future of the delivery business involves drones but think again. we'll tell you how old-fashioned technology could help you get very important packages. >> could a high-tech book be the answer to one of the biggest challenges of our time. how to get clean drinking water to hundreds of millions of people in developing countries? we'll tell you about a potential game-changer. that is off the desk. ♪ i ys say be thman with the plan

but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age.

we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, common side effects include skin redness headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron. david: ladies and gentlemen, what you have been waiting for, this is time to go "off the

desk." there's a new book on the market called, the drippingable book. i kid you not. -- drinkable book. not only educates people about the need to filter walt but also provide a way to do it, the book itself does. each page in the book serves as a filter that can kill deadly bacteria. one book, just one, can help provide potable water for up to four years, making this is a potential life-saver for hundreds of millions of people. sound like a gimmick, cheryl, but it really could help a lot. saving lives. >> i like that. also "off the desk," food delivery by foot or by became so passe. david: how so? >> just not the thing anymore i guess. but if you're having your sandwich delivered how about by parachute? david: what? >> a pop-up restaurant in melbourne, australia. they use parachutes to deliver grilled cheese sandwiches. they raised enough funds to take

it where? new york city. grilled cheese sandwich in new york city is good anyway. david: talk about a lawsuit waiting to happen. imagining, dripping melting cheese. >> i don't want the sandwich to hit me on the head. david: watching several things for tomorrow. number two things to watch will be tesla. the electric carmaker is scheduled to report first-quarter earnings after the bell. that stock has been beaten up pretty bad over the past couple months. analysts expecting tesla to post eps of 10 cents, revenue of 6.99 million. >> elon musk has done amazing with this company. talk about a turn-around story. despite all the controversy regarding the fire, moved past that. david: smart marketeer. some people do question the business model perhaps being too dependent on the government. >> tomorrow, this will be interesting. number one thing you will want to watch, fed fed will be testifying -- kevin federline from congress.

economic outlook, investors will wan to hear anything of course, talks about taper and interest rates. q&a from all of us. will she stick to script and go off the desk herself? janet yellen has been known in first press conference to make a couple flubs. david: you and director are very sweet. camera, camera. i know we're on camera. we're checking whole foods. whole foods is trading down after-hours by 13%. >> wow. david: guidance had a lot to do with this. we were talking before about the all the competition that whole foods has encountered. that may be eating into some of its revenue. again, i think. my own personal feelings, is encountered delivered from whole foods and other stores trying to do same thing, like fairway, with i is public company, so marketedly different they will eventually come back to whole foods. right now a tough sell.

>> goods and services groupon. we got groupon's numbers. there is the bid and ask. a little bit hire. i wanted to show everybody that. david: "the willis report" will take it from here. see you back here tomorrow. thanks very much. gerri: hello, everybody, i'm gerri willis. right now on "the willis report," four years since the "flash crash" rocked the markets. why has nothing been done to stop it from happen happening again? also, can you live without credit cards? our cash challenge participants are back. >> went to costco today with 160 toll lars and my coupon book and we'll do our monthly costco shopping. >> americans have a costly new piggybank but may leave many without retirement savings. we're watching out for you on "the willis report." gerri: investors took