coffee. it had a nice gain today. 12% last time i looked. [closing bell ringing] >> green mountain rocked it, up about 13%, you're right. liz: i finally gave in and bought a keurig in the middle. night on qvc. i bought a qvc keurig. david: they look forward to the insomniacs. we had a heck of a ride today. the dow ended up with a gain. all the indices are negative. looking at small to mid-sized stocks. that's where you saw a big turn around. you saw big gains on nasdaq turn into negative. all seemed to happen around the time of a bad action of government debt. it may not have been exclusively that. there are still concerns what is happening overseas but it was about that time it happened. we'll be focusing on that in particular. liz: let's get you through the headlines. front page headlines, new signs of strength. yes the labor market showing signs. the number of americans filing

new claims for unemployment benefits dropped last week, falling 26,000 to 319,000. david: fed chair janet yellen was back on capitol hill today, second day of hearings, first the house, then the senate. says it could take five to eight years for the fed to shrink its more than $4 trillion balance sheet to normal levels. it has skyrocketed as a result of fed's easy money policies. liz: european central bank president mario draghi says the ecb could take action next month to try to push up inflation and boost the eurozone economy. draghi acknowledging concerns about the euro's strength. david: new warnings about bank of america performance. clsa banking analyst mike mayo lowering his 2014 earnings estimate for the bank to 55 cents a share from a buck a share. liz: former u.k. banking powerhouse barclays is trying again and it will take the axe to its workforce. this time slashing 7,000 jobs from its investment bank.

that is on top of the 10 to 12,000 job cuts already announced in february. david: charlie gasparino saw that coming. net profits at toyota, the world's biggest automaker surged by 90% in its last financial year but the company warned earnings may fall this fiscal year as benefits from the weaker yen begin to wear off. busy hour coming up. "after the bell" starts right now. liz: yeah. here we are. just saying no cme because we don't have the camera just yet. we sure have jason pride, glenmede director of investment strategy to tell investors how to hedge downside risk. we have january r john maxim from beak can capital management partner saying investors need a 21st century portfolio. i hope so. we're already in the 21st century, john. define that at a time we're seeing major volatility not just day-to-day but from

hour-to-hour? >> well, i mean, thanks for having me on the show. what we mean by 21st century portfolios we're still dealing clients unfortunately, in our firm we deal with a lot of retirees still working with brokers. liz: can i interrupt you? we're getting cvs earnings. hold on, john, one second. adam shapiro, how did cvs do. >> beat on earnings per share. street was expecting 74 cents. they just missed on revenue, 3.86 billion. the street was expecting 3.91 billion, liz. liz: thank you very much, on cvs. we're checking numbers right now. looks like they're flat at the moment -- cbs. no real surprises when it comes to trading. we're watching this right now, david. i don't know what headlines you're seeing. david: advertising revenue, 2.16 versus 2.46 billion last year. all of the networks getting hit hard by advertising as it finds new space not only in cable but also in social media. that is weighing heavily on all

the networks. cbs has had an extraordinary year in broadcasting. it has been doing very well in all the prime time shops. still has "60 minutes," some perennial favorites that do well, but even with those ratings, shows you, liz, even when you're top in the ratings it doesn't necessarily pay off. we're seeing that after-hours. you beat, of course they had a little miss on revenue but beat on the top line and still not helping you after-hours. liz: that is an excellent point about advertising because their entertainment revenue coming in at 2.3 billion versus 2.54 billion last year. so a little bit light there year-over-year. we'll be watching this very closely. back to you, john, so sorry we interrupted but you were talking about making sure people have a 21st century portfolio. >> it is really the premise that buy and hold i of itself not that it doesn't have any value but you have to have a little bit broader spectrum relative to the market. the average buy and hold investor for the last 13 years really not made a whole lot of

progress. along with our other guest, our firm believes in downside risk mitigation strategies. markets had five years going up. it is not designed to go up 20 or 30% each year-over-year. we're definitely not in the decade of the '90s. david: we have mark sebastian at cme. sorry we came a little late. we had some transmission problems. specifically whether or not that 30-year bond auction slowed up the market? dramatic turnaround about the time of that really lousy auction that the government put out. is that what caused the downturn? >> yeah. one common misperception that bond and stocks always are negatively correlated. when yields are really, really low. we start to see bond and stocks actually correlate. that is kind of what happened today. 30-year got toasted. brought everything else down with it which brought stocks down. we were looking potentially threatening awe-time high in the s&p 500. as soon as the auction went out,

the vix rallied, s&p sold off. the day kind of went away. all be interested to see if we get another shot threatening all-time high. look at the russell 2000, take a look at the nasdaq, continue to be really ugly. russell 2000 hanging around the 11 level. small caps -- liz: why are you blaming treasurys and not the russell? the russell seems to be holding reins on very tough dog now? >> we were going to have a nice day until the treasury auction came out. that is just the way it is. small caps continue to lead equities intraday but when you watch equities they're moving together. so the russell was up. nasdaq was up. s&p was up. auction comes out, market, market drops. david: okay. we have another earnings set of earnings numbers coming in news corp, formerly our parent company here at twenty-first century fox. what are the numbers there? >> this is the publishing side. "wall street journal" as well as australian broadcasting. it is a beat on earnings per

share. the adjusted earnings per share is 11 cents. the street was expecting adjusted earnings per share of three cents. revenue, it's a slight beat, 2.08 billion. the street was expecting 2.07 billion. let me check real quick after-hours. it is trading, about flat. >> down barely. david: it is about flat. >> flat essentially, david. david: terrific stuff. thank you very much. jason, let me go to you first and let's talk about the overall market. put these earnings in context because we didn't have much movement after-hours. we're in the 61st month of an expansion. that's a long time. >> that's right. david: 179% rise in the markets. maybe that is why in the past couple weeks every time we get this jump it begins to flatten out again? >> right. well, we've been kind of putting this into the category of aging and raging. we're past the midpoint or the historical average for a bull market expansion. historical average actually is 61 months since world war ii and

177% gain. we're right on that mark. that doesn't necessarily mean the end of it, but definitely means that we have to take a little bit more caution as we move along. in terms of earnings, you know, our indicators are showing that revisions have actually picked up. we had a lot of downward revisions in first quarter. part of that was due to passing off and management guiding down from what were lofty expectations at beginning of year and good amount of it was weather related. now looks like we're starting to inch ahead. earnings came in. we're about 69% of them ahead of expectations so far. in this first quarter. and even revenues are on the whole, 53% of them ahead of expectations. so, you know earnings, it's not a bad situation. it's not, still not as robust as the hotter periods have been. so we're looking forward to market of 17 times earnings. we're a little bit ahead of the historical average. investors were in the later

stage of the bull market. you have to start getting a little bit more concerned but nothing, you don't have to slam on the brakes hard at this point in time. liz: john, i will guess, we have people watching retail investors, they made a mistake, sat on the sidelines worried because of this parade of negativity that some people have had on front pages, worried, worried but wall street climbed that wall of worry and we're up markedly since 2009. is there a way for them to get in, find some yield, but still maintain a safe distance from what could be a correction, that might be coming sooner rather than later as david mentioned? what was number you gave? david: 61st month. 179%. liz: might get gray around the temples here. so how can people participate without getting hurt? >> you have to first of all take a look at the market itself. the market seems to be transitioning from stocks that are more momentum stocks and growth based into more value. so i think that is where investors may want to take a look at. they have also got to look at market as longer term investment

strategy. so i look more along the lines of value. we like high-paying dividend stocks for our clients. we do expect that revenue is going to pick up, as we go through earnings season, roughly, 75% of the companies have beat their estimates. but one of the other aspects is that sales have only beat their estimates in about 52% of the cases. of course we think a lot of that has to do with the harsh winter. if you look at consumer sentiment, it is actually quite high. the unemployment numbers were good last week. unemployment is continuing to slowly increase. people have jobs and consumer spending economy, they will be spending money. now we don't think we'll have a year like 2013. we expect volatility to continue especially if the fed continues to move away from current monetary policy. there is almost some clumsiness or you know, clunkiness if you -- david: just got to jump in for one second. the number, the jobs numbers were decidedly mixed last week.

great to have that unemployment number come down, top line but again 800,000 people moving out of the jobs market is not good. median income is coming down people might be less likely to reach in their pockets. finally, really quickly, jason, want to ask you about housing. we got very mixed signals. are you bullish or bearish on housing right now? >> after the gains we've seen we're a little bit more, cautious on it but that is mainly because the volumes aren't there. the volumes aren't there because the inventories aren't there. at end of the day the house prices are going up. it is easier for people to actual purchase a home. david: yeah. >> getting loans is a little bit easier. but problem that we have is the volume's not there. if you look around there is not a lot of volume out there for people to even purchase. david: that's right. >> so those numbers are going to be soft until that volume is released in the market. david: gotcha. good stuff, guys. liz: jason pride, john maxim, thank you so much. david: thank thank you, mark sen as well. liz: tech and health care get

all the attention like bratty little kids. nextwave of m&a activity may actually come from the ho-hum utility sector. who has the for sale sign on its door in that sector? five companies that pay great dividend by the way that may be ripe for a takeover. david: this is fascinating segment coming up. looking for a job is grueling stuff going site to site, submitting your resume' again and again. a new app has much more effective way, revolutionary way to connect you with potential employers. the company that put this aptogether is actually looking for some more funding. it is ripe for investment right now. the cofounder is here. you don't want to miss this. liz: here's question. what do jay-z, leo dicaprio and begin negotiate paltrow have in common? they all can be your neighbors for a mere $36 million. we'll tell you where that is details ahead. david: we want to hear from you. talking with housing.

report shows four out of 10 people are buying their homes with cash. so what did you think? is investment in real estate a better deal than in stocks? is it real estate or stocks? tweet us fbnatb. your tweets coming right up. ♪ ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are

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on reports of new regulations in macau. liz: that can be good. let's get back to nicole petallides on the floor of the new york stock exchange. >> they are trying now to curb some suspicious activity. this is what we're hearing, that hong kong's largest english language newspaper, south china post, saying this is part of an anticorruption drive that in beijing on illegal use of union pay. union pay is somewhat like visa or mastercard. they legally, people of china are legally allowed to bring in up to $3200 to macau of the they can legally withdraw about 1600. however, there is concern there are mobile card swiping devices and, then you obtain local currency and more of it. this is what now the, the union backed, unpay payment card is looking into curb these suspicious practices. and then in the meantime we saw some of the stocks dropping

down. they pared their losses but this isn't a story that end right here right now on aft the we, right? we know this story will continue and as they try to curb this a little bit. david: now, nicole, you know what macau needs right now? mo green. liz: why? david: mo green. he could straighten it all out, the guy who straightened out las vegas. liz: oh, mo green. i thought you were talking about mo green. david: both. both. from the sublime to the ridiculous. tech and social media mergers and acquisitions have most investors attention. utilities may be bigger market for every m&a activity. there have been 635 m&a deals announced. a staggering number compared to the 161 deals a year earlier. talking particularly about utilities companies, they are nine times what they were a year ago. liz: here's a question. which companies should you as an

investor keep an eye out for potential takeover targets? phillip van doren joins you now. five utility names to watch. he is with market watch. we love the article. great to vow. it is very clear you set out a course of potential acquisition targets but they all have really good dividend plays as well. first get to your theory why you think utilities will be the place to be when it comes to m&a activity? >> thanks, liz. utilities are the place to be especially electric utilities, because there are acquirers out there, ready to do big deals to grow their regulated electric distribution business. that is quite a mouthful but that is the key to the business right now because the regulated distributors can increase their prices automatically when fuel prices increase. liz: aren't you worried though, phillip, that this is a highly regulated industry anyway? therefore any kind of merger activity would be scrutinized by the department of justice and,

all the other regulators involved? >> the local regulators are most important when it comes to getting those deals approved. but, yes, that is a bit of a worry and that is something that the acquirers and target companies have to explore before agreeing upon deals. david: okay, electric utilities, electric utility rights now have had some bad years. it has been a great year for the stock market in general. utilities have not kept pace because their earnings have not kept in place for at love reasons. old energy plants they have are terribly inefficient and real albatross around the necks. you are looking and these are companies that you're looking at. you're looking at these because they're the biggest clunkers, and think have the greatest potential being taken over. first energy, start with that. why do you like first energy as a possible takeover target? >> first energy came to the top of the list, aside from excelon which announced a big deal last week, they were worst performing

at 57 publicly-traded public utilities. first energy cut its dividend this year, although the dividend yield is above 4%. they're cheapest sock on the list. it would appear this could be a take-out target although the company itself says it wants to make acquisitions to grow its regulated business. liz: again a 4.4% dividend. flip over to entergy, 4.5% dividend. pg&e, public service enterprise, 3.8%. is it a smart bid to get into all of these and get paid in dividend while you wait for something to happen? >> well, certainly is nice to get paid while you wait. despite the industry's strong performance this year, with the s&p 500 energy stocks up 15%, these names could still be hot in the m&a market because of the majority regulated business that they have. david: the question i have though, is that since electric utilities have done so badly, if you can put up again that list

of the clunkers, these are stocks that again phillip thinks will likely be taken over and as such could increase in value tremendously but could a drag on their earnings be so great that investors would just runnen mass away from them? >> it is possible, but investors haven't been doing that year because they have been pushing these names up at a much faster rate than overall market is moving up. david: phillip, thank you very much for coming in. we appreciate it. liz: travel sites like orbitz worldwide are hoping for a blowout summer vacation season after a horrible holiday wall the bad weather. this as americans may be say they plan to travel more but can orbitz beat the big boys like expedia and priceline? we have orbitz worldwide ceo for our fox business special report on the business of travel. david: amazon taking its delivery services to a whole new

level. we're not talking about drones yet. we'll bring you latest on amazon's fight to win the delivery wars and fight off rivals even though they are going against some big guys like fedex and-ups. -- ups. ♪ so ally bank really has no hidden fees on savings accounts? 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!!! 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.

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when folks think about wthey think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. what is this place? where are we? this is where we bring together reliably fast internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! we must have encountered a temporal vortex. further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system. only from xfinity. tv and internet together like never before.

david: time for a quick speed read of some of the day's other headlines, five stories, one minute. first up sikorsky building six new u.s. presidential helicopters. pentagon awarding sick corsi 1.$2 billion project after a previous project led by lockheed martin was canceled in 2009 after massive cost overruns. lions gate is partnering up

to produce a live action feature film. amazon expanding sunday delivery to six more cities. online retail giant rolling out service to new york and l.a. part of a new deal with the u.s. postal service. the expansion is part of amazon's plan to attract new customers an encourage existing customers to spend more. linkedin looking to expand offices in mountain view, california. the new space could employ up to 13,000 new workers. anyone tend is set to develop a new and cheaper gaming console for emerging markets. the device is expected to be introduced as early as next year. that is today's "speed read." liz: ready to travel? orbitz worldwide, a lot of you out there use it. it post ad rise in first quarter revenue driven by increases in hotel and vacation packages, no doubt from many of you dying to get out of cold weather.

as we head into summer now, what do the company's quarterly numbers and guidance tell us about the strength of the travel industry? joining me now, barney heart per, orbitz worldwide ceo. let's get to it, barney. what do your numbers and data tell us what could be a healthy or weak summer travel season? >> you know, we're seeing a really strong travel market these days. we did a summer travel survey recently and found 88% of consumers plan to take a summer vacation. that is up 77%. liz: where are they going and planning to do? vacation packages to europe? >> majority, biggest destinations are within the u.s. for u.s. travelers. mexico is a top international destination. europe is a little bit more expensive right now given the approximately 5% deterioration of exchange rate we've seen over last 12 months. however there are ways to save. if you buy airline ticket and

hotel together you can save approximately $600 buying a six-night trip from chicago to paris. there is real money to be saved if you buy hotel and flight together. liz: your overall gross bookings edged up by 3%. some of that had to do with very strong, just what you talked about, the packages, hotel, flight, putting it all together. you know, how do you really capitalize on that? where's the biggest opportunity? because you also have these other sites, ebookers for europe and cheap tickets? >> we do. so the big strategic focus on orbitz worldwide is hotel. and we reported real growth in the first quarter of 12%. with the benefit of acquisition of travelocity's parlor network, we guided high teens in room night growth for second quarter. so hotels really, the big strategic focus and then we're supplementing that with a big, big focus on mobile where it's so, so easy to book your hotel room and we have same day killer

mobile deals available in 500 markets worldwide. liz: same day, does that mean i have to buy it and travel the same day? >> well you can get the deals for, further out as well but, we find that today approximately 60% of our customers who are booking same day are booking through mobile devices. about 1/5 of our business in total and there are some really great deals to be had because hotels recognize rather than walking up or using a phone, people are using mobile devices to access last minute rates. liz: mobile's huge. but i'm not that spontaneous but i wish i were. back in the day we were. your deal with visa this is interesting. you're hooking up to have the customer credit card. you could argue you're behind some of your competitors. expedia already did this. travelocity has done it. what do you hope to glean from this and can it really add to your bottom line having a visa reward card? are people that into booking on orbitz and getting rewards?

>> i am so fired up about this new program, we launched orbitz rewards last october. we have now over two million members. with the launch of the visa card you can stack these benefits. customers who are members of the loyalty program are able to earn, with the visa card, up to 10% back in orbucks booking hotels and 7% back when booking airline tickets. this is unprecedented level they can earn and they can use these orbucks for future host -- hotels days they put. liz: put that back up. did you see who the guy was? seymour places. >> that is the card. liz: very cute. last quick question, yes or no, are you hiring, barney? >> we are absolutely hiring. we were rate the ad number one tech company to work at outside of silicon valley by business insider and glass door. we're absolutely hiring and we're headquartered in chicago.

we love to hear from great people. liz: great to hear you fired up about the business on travel day. barney harper, ceo of orbitz worldwide. we'll see when summer gets closer. >> thank you. david: i love it when you ask the job questions. what if looking for a job was easy as swiping the screen from your phone? correcting directly to job-seekers with a simple swipe. we'll show it and talk to the company's founder next. great to have a hit product and geithner to have the best-selling product of all time. up next we'll tell you whose sales numbers can't be beat. ♪

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can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves. stick with innovation. stick with power. stick with technology. get the flexcare platinum from philips sonicare and save now. philips sonicare

liz: when you can get a hit product, it goes a long way for a company. what if you not only had a hit product but, the best-selling product of all time? according to research compiled by 24/7 wall street, here are the best-selling products of all-time but in different categories, the toyota corolla. the workhorse of cars. it takes the top spot as best-selling car since its introduction had in 1966, toyota corolla has sold, 44 million cars worldwide. they go and go. "star wars" best-selling movie franchise and special editions

and rereleases, grossed 4.$6 billion adjusted for inflation. "harry potter" takes the top spot for book series. roughly 450 million "harry potter" books sold in 73 different languages as of mid 2013. i'm reading prisoner of azkaban with my kid. best-selling toy of all time, rubic's cube. 350 million of those guys have been sold since the '80s. best-selling album of all time? jack jack's thriller. -- michael jackson. "thriller." since its release in '82 the album sold 70 million copies, also the album and video that was huge. liz: extraordinary. david: popular dating app, tinder, you don't know it, chances are your children do, find a perfect match swiping a your finger on an iphone. one company, m.j. oyment wants

to use a similar technology to find a equally difficult process, getting a job. we have the cofounder, reilly davis. we're always asking our guests with various companies who have any companies but this is makes it easier to put a jobseeker in touch with somebody hiring people. how exactly does it work? >> yeah, david, thanks so much for having us on the show. you know, in short we're tinder for jobs and in the same way that tinder has really simplified the dating experience we have tried to make it as easy and simple as possible for candidates on their mobile phones to swipe through jobs and you know, applying for a jobs is easy as a swipe. and the same for employers. david: okay, let me just stop you here, reilly. you may think that everybody out there knows what tinder is. not everybody does. that is a dating site. >> yep. david: explain how yours works. we should say if you do know tinder it's a very similar process. go ahead. >> yeah. so how it works for a candidate,

first you sign up, import your profile and you start rating jobs. if you like it, you swipe to the right. if you don't like it, you swipe to the left. once you've done that, we'll show your profile to an employer. if the employer likes you back we make the connection and start a conversation right from within the app. david: now, linkedin is art pa of this process or you can use linkedin. have you really been working with that company? or does it just conveniently fit in with your app? >> yeah. so, we allow users to import their profile from linkedin. linkedin is great about letting people bring the professional profile all over internet. we admire linkedin for being the best professional social network out there. what we think linkedin doesn't do good enough job at is making the job search process mobile, easy, simple and fun for, you know, candidates. when i was in my previous job people would sit at their desk

and swipe through tinder all day looking for cool people to meet and you know, we want to bring that same, easy, process to job-seekers everywhere. david: might be why some of your ex-employees are ex-employees right now because they were spending too much time trying to find a date. i'm wondering if your boss could find out about this? you're not supposed to be looking for another job while you're making money from your boss. is it an open platform, something your boss could look in on? >> yes. so right now it is closed. so all the employers we work personally with, we're not going to show your profile to the companies that you're currently or have worked for. so that shouldn't be as much of a problem. and in the same way that linkedin kind of, one place where it is just okay to have your resume' everywhere. we're, we kind of have the idea that it is okay to see what's out there and just connect with people because one thing about our platform, once the match is made you're actually connecting with a real person at that

company. instead of you know, a black box of resume's. david: reilly, you're in very exciting moment right now. you have only 80 employees. you could eventually have tens of thousands. you have $500,000 of funding so far. i imagine, you're not even on android yet. you want to get on android. so far it is just iphone. sounds like you need more funding. are you looking for people to invest in your company? because there are a lot of people with cash out there looking for businesses to invest in? >> you know, right now we're really confident, you know, with our team. we just hired a new engineer we actually hired on our own platform and, we kind of, are now pivoting to growth, growth phase. we just launched our app this week at the 10 much crunch disrupt conference in new york. hopefully we'll have android out by the end of the of the summer. we're always hoping to hearing from new people who could potentially bring this to the next level. david: good stuff. reilly davis, thanks for coming

on, reilly. emjoyment. is the maim of the company. thanks for coming in. >> thank you. liz: it has been quite up and down day-to-day for investors so far but a market pause might not necessarily be a bad thing. we'll talk to len tannenbaum how a less frothy market is allowing him as a banker to put his money back to work. plus tribeka, one of the most economically distressed areas of manhattan, finally making a comeback. an exclusive look that we're giving to you at a $36 million penthouse to come. ♪

liz: is it time for private equity investors to get back into the game? if so where are the hot sectors? we're talking to a leading company in the industry not only investing but also lending to small and mid-sized companies. david: joining us for fox business exclusive, our friend len tannenbaum fifth street management. len, thank you as always for coming in. you expect this year to be flat in terms of the stock market. a lot of people do. but you think a flat market is what you do. explain. >> for lenders it is simple we don't want it to go up to fast because it gets very frothy and prices are irrational.

we don't want to it to go down too fast because companies are in trouble. liz: who are you lending to? what types of companies are coming to you? >> we're lending to just about every type of middle market companies. middle market, start thinking about from 10 million in earnings up to 50 or off million in earnings. we lend to 130 companies. liz: what type of rate? >> average size loan is 25 million but we primarily lend to private equity firms. we have 4 1/2 billion dollars of assets now that we're lending what we do is help these middle market companies grow but giving them debt financing. david: small and mid-sized caps have had a tough time last couple months. we've seen the russell 2000 go way down. going against the crowd is very host own best thing to do. it is where you can make the most amount of money. what is the best sort of general bet you could make against the crowd right now? >> it is amazing how far the

pendulum has swung that people don't think interest rates are going to go up of all of sudden people talking about interest rates going up and everybody says no. liz: because the fed says no. >> i know. you actually believe, actually tapering, they continue tapering which is raising interest rates. david: but you're betting in the other direction. >> we have floating rate loans, right? 70% of our loans are floating rate. 100% of our loans are floating in my other public vehicle. sfsr. why? because when interest rates go up we want to make more machine any. i issued fixed-rate debt, five-year fixed-rate debt at 5% couple months ago, $250 million. that same debt is trading 4%. that there is scramble for fixed-rate yield. i don't get it. why i don't know why people scramble for fixed-rate deals. interest rates can't go lower than zero. they have to go up at some point. liz: where the opportunity right now? >> you want to protect the

portfolio against inflation. you want to protect your portfolio against interest rates increases f you have a mortgage, for example, you want to fix the mortgage for a long time. interest rates are very low. liz: you wouldn't do like an arm at this point? >> no. the same way with your investments. you want to invest in companies that will benefit from rising interest rates. it is going to happen over the next one, two, three years. you don't want the value of our portfolio to erode and that's what we do. david: i'm smiling because of course everybody knows eventually it will happen. the question is when. timing is everything. when do you think the interest rates will start moving up significantly? >> when you really think about it, tapering is an interest rate increase. and so, as we taper down to -- david: tapering is tightening, not specifically an interest rate lowering but it is tightening. >> tightening the way i call it an increase what they effectively did for qe1, 2 and 3 is make interest rates negative. interest rates going from negative one 1/2 by my calculation, it will go to zero. once it hits zero, the question

do you see inflation? i think you will. you will see some wage pressure. you will see hard assets continuing to rise. you see the real estate market, wow, come back in miami and other, new york city, incredible. near peaks. this is going to cause inflation. liz: len says it's coming. interest rates will tighten soon thank you very much. >> absolutely. david: congratulations. much success. call it the tribeca film festival effect. property prices are soaring inside manhattan. we'll take you inside of a $36 million penthouse. we'll tell what you you get for all that money. we'll tell you who your a-list neighbors could be. look at that view. ♪ up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and ought to know.

we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪

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tribeca. this $36 million is part of the new tribeca. there are nine new construction developments going on in the city just in this neighborhood. prices are up about 30% year-over-year, just in tribeca. why? well it is about demographics. it is about the location. it is about the views as you can see. as we take you through the living room. maybe about the fireplace which by the way, brand new type of fireplace of the called ecosmart. have to give a shoutout to these guys. they're brand new and popular especially in manhattan for those watching across the country. take a look at the living room space. this is four bedroom, four 1/2 bath apartment. we'll give you specs in a moment. i asked the broker from dug last elliman what is it about tribeca? is it the people? is it the age groups? he said it is all about demographics. take a listen. >> you have a multitude of different types of people living in tribeca. a lot of people always say, oh, well, families live in tribeca.

certainly accomodates the needs of families beautifully. but i see every age group, and every demographic in tribeca. >> okay. leonard steinberg. leonard said this is why we're charging, this is 14-story building. you would never know you're above 13 other floors in the penthouse. it is so quiet. four bedroom, four 1/2 bath. nine thousand is the maintenance per month. the property taxes are more than $11,000. get this, you get a private elevator and private driveway. there are a lot of amenities in the building. i will leave it here as we look over the hudson of the these are the views. and liz, you know this area very well, new jersey, right across the river. it's a beautiful view. liz: for those of who can't pay 36 million, i'm way over across the river. david: i couldn't afford the taxes. 100,000 a year in taxes. cheryl casone, thank you very much. >> unbelievable but gorgeous. >> you bet. liz: heated debate on television

take as turn for the worst. two guests get so angry with each other they wreck the studio live. we have got footage of the fight. david: love this kind of video. you've been tweeting us all through the show whether stocks or real estate are a better investment. your answers coming next.

♪ ♪ tigers, both of you. tigers? don't be modest. i see how you've been investing. setting long term goals. diversifying. dip!

you got our attention. we did? of course. you're type e* well, i have been researching retirement strategies. well that's what type e*s do. welcome home. taking control of your retirement? e*trade gives you the tools and resources to get it right. are you type e*? liz: you wonder if we really get along off camera. david and i may not always agree on everything but it has never gotten this far. let's look at two tv guests who got into such a heated discussion about the syrian conflict that something happened live on jordanian tv show. [. [speaking in native tongue] david: honestly, that is not made up as far as we know anyway. who knows. looks like they're serious. he kicked him in the kneecap for

god's sake. we haven't experienced anything like that on this set, at least not yet. i'm guessing that this desk doesn't come apart. liz: our set is not that cheap. what are they doing up there? we asked on twitter and facebook what is the better investment, real estate or stocks? julie on twitter, she says stocks are tough. she says definitely stocks, not socks. i know we wrote socks but actually stocks. david: wayne on facebook said diversify with a reit. not bad. do beth of bows worlds. liz: jack think best investment is pot dispensaries. also real estate. david: okay. liz: real estate. david: bret tweeted, the best investment, limes. limes? that's right. limes are going up in price. liz: that's right. david: a lot of you tweeted in on that. in terms of how you invest your cash. liz: we'll be right back here

tomorrow. it has been an interesting week. more to come. "the willis report" is next. david: we'll see you tomorrow. liz: i know. gerri: hello, everybody, i'm gerri willis. right now on "the willis report," you're spending a fortune on highly paid financial advisors but are they worth the money? find out why some are holding you back from retiring comfortably. general motors claiming its recalled cars are safe to drive. >> if you use only a single key on the key ring. gerri: is this true or a bunch of baloney? we'll get answers. what about stock lockups can cost you big. we're watching out for you on "the willis report." our top story tonight, the department of energy is doling out tens of millions of dollars for a windmill project off the coast of new jersey. it's a