it. david: hewlett-packard doing very well today. we saw that coming yesterday, quickly. [closing bell ringing] >> good profit and some more layoffs. liz: bells ring on wall street. our heros are standing by at the new york stock exchange. david: god bless them. liz: business leaders at the nasdaq. here is how stocks finish up as these numbers settle. 1900 for the s&p 500. david: made it, wow. liz: more importantly a record close. the previous record was 1897. we bested that. looking at nasdaq with a nice day up 3/4 of 1%. nice gain for the russell 2000. let's get ready for the holiday weekend of the "after the bell" starts right now. david: time to break down all of this week's big market action. we have lance roberts,sga wealth management chief strategist. he will tell what the market needs to break out of the trading range.

john tuoy, vice president of equities investments. we're still mid-cycle in the bull market and dan stesich in the s&p. were they cheering when it popped up 1900 in the s&p? >> absolutely. i'm not getting too excited about it. it is just a number for now. let's see if it is sustainable. liz: 1900 and teeny bit of change here. that brings me to lance. lance, you said in the past if we breached 1900 you would be ready to add more exposure but it had to be decisive breach. are we here yet or not quite? >> not yet. this is knocking on the ceiling. we have to get above the ceiling here. what would be ideal a breakout on tuesday with we come back from the holiday. nice up day on tuesday. maybe a little bit of a pullback to 1900 and take off from there. that would be a nice, confirmed breakout we could buy into. david: john, could you see that happening after people have a

nice long holiday weekend to think about things and form another base with 1900 on s&p? >> we certainly think -- david: go ahead, john. >> we certainly think investors will be comfort after that selloff that happened in the so-called momentum stocks at the end of march and april and we're seeing sort of the economy unthaw. that will give, sort of comfort that we're, revenue growth, from corporations is just around the corner. liz: you know, he mentions momentum stocks. i was looking at nasdaq laggards on a day where the nasdaq had a great day. dan, at the top is gilead. biotechs and momentum nails like tesla and twitters of world have been pared back. i think tesla is back above 200. when you look at gilead, do you get a sense those are not areas people should be near at this moment.

>> a lot of those stocks were way overdone at that point. not all the stocks were. john made a good point before. we've seen a thaw here. what i will worry about looking forward we have a lot of economic data over next couple weeks. we have durable goods next week. we have gdp again will probably be a lousy number with the first revision. you have ism releases along with employment. that will let us whether or not we have a thaw and whether or not these companies will continue to rebound. david: lance with, we had some good numbers come out with some good earnings come out but the really big question about all this is whether the numbers coming out now can kind of justify that equity expansion, that huge equity expansion we had in 2013. are the numbers bearing out or giving justification for the 2013 numbers? >> not really. david: hold on a second. this is for lance. go ahead, lance. >> that's all right. what happened with aeropostale as a quick example.

what drives the economy ultimately and earnings on top line what is happening with the consumer. retail sales, year-over-year changes in retail sales are levels very concerning. they have been on the decline. a lot of retail stocks are struggling. walmart, not a very good picture. dollar stars the same way. look where the traffic is headed to. there is concern about this idea that earnings will expand and revenue will grow through the rest of this year. and take a look at the ism reports mentioned a second ago. the employment numbers inside of these things are not strong. we're not seeing real determination by corporations to pick up employment at this point. liz: what do our investors buy? let me turn to john. john, it is official. we have closed s&p the first time above 1900. it is a record. so this is obviously a good day but the volume, if not the thinnest of the year, it is very close to it. not a ton of conviction. but that said, where would you be putting money right now? what is the theme you look for as you stack up some of these

names? >> i think if you want to put money to work in the u.s. stock market, you're looking at companies generating strong flee cash flow. in particular companies with the capability and the willingness to increase their dividend. and we think there are several of those companies like eaton corporation. or a cvs caremark. and even semiconductor like nxpi which doesn't have a dividend. it has only been buying back shares. had private equity ownership. doesn't have that anymore and huge free cash flow. there is opportunity for them. liz: so people know, eaton corporation is about 2.7%. we have the cvs dividend of about 1.4%. there has to be more of these names. because pfizer and abbott labs have higher dividends. you're not really picking them. >> no. i would say if you look at cvs, they're one-of-a-kind business model drug retailer and pharmacy benefit manager.

they can buy back a urge -- huge percentage of their outstanding shares with their free cash flow. so we expect them to do that. on top of that they will be a beneficiary from increasing volumes. obamacare and joint venture with cardinal health. david: lance, i'm not surprised, hold on a second. lance, i'm not surprised talking about energy stocks that you're in favor of exxon but china petroleum, with all the questions about what's happening with china, whether the housing bubble is going to burst over there, why are you for china petroleum? >> there is very interesting situation developing. one thing we have to look at in terms of just outside of earnings and revenues and markets and economy is geopolitical risk occurring in ukraine and russia. more importantly what is happening between china, taiwan and japan. is something that could definitely spark in ther. >> future. china petroleum is trading at its high. so it is a little expensive.

with 4.8% dividend yield you can potentially hold this on the assumption something breaks out between china, japan and taiwan we'll see elevation in these energy companies prices because of conflict over gas and oil. liz: sorry about this. we have breaking news on general motors. believe it or not another recall. let me get to the details right now. general motors is saying it is recalling 500 large trucks and suvs because airbags may not deploy. small number of 2014 and 2015 pickups and su is vs including some sold on chevy c and b brands. may be fault in airbag sensors and they have been told don't sell vehicles with defective part until repairs are made. that puts it more than 11 million of cars, david, recalled by general motors. david: that is just general motors. another recall to talk about toyota. we'll go to that a little later. dan stesich from the midwest,

what about these recalls? do you think so far that really hasn't had overwhelming effect on car stocks. do you have think it will? >> no, you know the question is, is a specific to gm, toyota? right now seems to be, i think gm is overly cautious, not that their airbags are not something to be cautious about, going forward that may harm gm down the line. this will cost them some money. the fact they're responding a little better and is good prwise. they have to make sure they keep the equal up. david: it is not affecting the stock after-hours. we have to see what happens on tuesday. lance, john, thank you very much, gentlemen. dan, we'll come back to you shortly after the s&p futures close. liz: coming up, sears, staples, urban outfitters, target all reported lackluster quarterly earnings but who killed it and who is poised to break out? it is not all a negative story. we'll have ask retail guru and former office depot ceo steve odland.

david: he knows those brands. japanese carmaker toyota recalling 370,000 minivans. we'll tell you why when we return. liz: we would love to know what your memorial day message to the folks serving in the military is. feel free to tweet us @fbnatb. we may read your answer during later in the show. david: we want to hear from you, folks. ♪. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded?

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begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. david: gamestop, posting gains today. as second best performer in the s&p 500. liz: nicole petallides called this we talked about it yesterday and here it is today. nice move. >> right together, we know it, right? you know that sometimes you can use your own friend and family as indicators and i'm seeing the kids all the time still asking to go to gamestop and foot locker of the those are two names that did so well. gamestop up 4.2%, 3.43. saw revenue on rise 7%. new game consoles from sony playstation and microsoft helped them move along to the upside. we saw more demand for games. this is great news for gamestop. big picture looking at a chart, it is a nice little pop for gamestop but really pails to the

numbers from gamestop late last year, for the stork, which was 60 bucks. it is off the late 2013 highs and now looking a little better today, but for shareholders they're probably hoping to get back up there towards 57 which is the most recent highs. david: teens are buying games but certainly not buying aeropostale. i asked my 21-year-old daughter what happened to postal. that is so out of it. because they still have the names tagged. liz: what about abercrombie. david: more so but they're getting away from brand names on clothes. kids don't like that. >> sometimes you have to go to the kids to know. david: absolutely. nicole. have a great weekend. liz: we have the s&p futures that are closing right now but dan stesich we had a record today and we have a couple days off before trade resumes. >> we do. it has been a nice day today. as i said earlier don't get too excited about this i want to pay attention to economic data and a

lot of important economic data coming out the next two weeks. is this justifiable? i think it will give us a good hint whether or not it is. liz: a week from now when the good stuff comes out dan says. >> right. liz: job numbers. bunch of other things. have a lovely weekend. >> happy memorial day. david: u.s. third quarter earnings are trailing analyst estimates by the widest margin in 13 years following disappointing reports from big-name changes this week. are this quarter's numbers a sign of sector is still suffering and are worst times coming? we'll have a man who has been a leader in the retail industry for many years. liz: what is more important, chains came out with weak and undecisive numbers there are names doing very nicely in this world. we'll look at that. tiffany seemed to be doing quite well the other day. that has been one of the chief price points. let's bring in steve odland, former office depot chair and ceo. former autozone chairman and ceo

and president. we thought what better person to bring in to give us a real deal assessment coming off a very bad winter. we see sunshine. it is already memorial day weekend. what do you think is really going on here? >> you know, i think we spent the first quarter trying to explain things away with the weather. now we're out of the weather and trend are still flat. this is a concern. you know, the economy coming out of the recession has not recovered for the center of, the consumer. so you see the high-end luxury goods retailers like nordstrom and tiffany, doing very well. same thing in the restaurant sector. white table cloth restaurants doing really well. bottom end is doing well. retailers in in and restaurants. everything in the middle getting killed. that is due to basic economic trend still recovering number one. number two, weak earnings from on the consumer side. the household earnings have not

grown and so i think the center of the consumer, if you will, still has not recovered. david: i want to give you another angle on this, steve. i think it has to do with quality. sears is a brand that used to be golden. what you bought at sears you could rely on. if there was any problem with it you could go back. it lost that golden touch. tiffany as you mentioned has been doing very well. tiffany makes stuff, right here outside of new york and in purchase, new york. it makes stuff to last. everybody knows it is going to last. isn't if you really provide the consumer with quality, that they can trust and tell their friend bit and their family, that is the key? if you lose that trust, that quality trust, you sink? >> well that is certainly part of it. i think the shopping environment is critical as well. you want an experience that feels good and that is exciting. but it goes beyond that today because the bricks and mortar stores have competition from the net. and so anything that is commoditized, from a product standpoint, is going to be able

to be sold better by amazon and some other online retailers. so you see that people who are differ rent eighted from -- differentiated from experience standpoint or product standpoint or luxury where the money is are still doing well whereas the people who are not differentiated are getting price bombarded from internet-only play years steve, for our investor audience should they go with winners over the past year that have done very well? we can put up the best performers in the retail space to see who is killing it, who is not and more importantly from the next six months people want a return on their money and better investment. we mentioned macy's, tiffany, gap, nordstrom. these are the winners. do they continue to be? >> those have been winners over a very long period of time. from a trading perspective you can make money whether it goes up or down. that is way the traders make money. if you're a truly long-term investor you've got to look at quality, you've got to look at shopping experience. these are the brands that

invested and been consistent over type. the once you mentioned are those. nordstrom does continually well. the experience and sales environment in nordstrom is just second to none. you know, target had that for a long period of time. now they have been hurt because of, you know, the security issues. but they still have a great environment. walmart's having a lot of trouble because they compete mostly on price with undifferentiated product. it is a very low touch environment and they're suffering. you see this whole center of the store environment suffering and you see the luxury goods continuing to do well. i would continue to invest in those kind of players. david: steve, i want to switch gears, rather dramatically. the obamacare brand, the president thinks that the obamacare brand is an electable brand. he has been trying to tell his fellow democrats, this is a good brand. it is not a bad brand. we turned it around. do you agree with the president or not?

>> the aca act was an attempt to try to deal with quality issues, access issues and the cost issues. and in so doing it really debt with none of them. although now, it is pretty well baked in and we're down the road here. i think, we at committee for economic development are working on health care reform to take this law and try to get it to reform and start looking at more market-based approaches to health care. david: i understand. i want to get back to that brand. forgive me for interrupting, steve, do you think the brand has been so sullied what happened when it first came out that it is impossible to turn it around or can you turn it around? >> the obamacare brand is linked to the president and those people who think the world of the president love the brand and those who don't don't, but i think you have to come back to the underlying act, the aca act and there is still a lot of work needs to be done. and both sides agree with that. liz: steve, lovely to see awe and thanks so much for giving your perspective on retail and

all that is happening. david: have a great memorial day, steve. liz: they are not shopping they are not. david: they can choose. when spending more at grocery store for everything they may not spend as much as they used to. liz: tablet wars are not going away. one company takes its tablet to next level going 3:00 de. how you can expect -- 3 d. david: how will a new bill impact the phone companies? peter barnes with more on that story coming up. ♪.

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david: it is time for a quick speed read of some of the day's other stories, five stories in just a minute. first up, google developing a new tablet with advanced vision capabilities. according to recent reports the company plans to produce about four thousand prototype devices beginning next month. t-mobile over takes sprint as number three smartphone buyer in the u.s. suzuki recalling more than 184,000 small cars in the u.s. due to steering columns that could catch fire. uh-oh. the recall covers ferenza models from 2004 through 2008 and reno modest from 2005 to 2008. toyota recalling 340,000 strikes for three separate safety models. they are recalling 370,000 sienna minivans, 50,000

highlanders and 10,500 lexus gs 350 sedans. you have one of those? liz: no, i have the little guy. yes i do. david: screwing up my timing. federal workers and retirees owed just over $3.3 billion in back taxes. [buzzer] heirs says those behind in tax payments include 714 house and senate workers. that is today's "speed read." i think they will be cut a break. liz: i think i do have that. i think i do have that car. david: oh, see? liz: i'm not a car person. i didn't get in and drive. david: could have said yes and moved on. all right. liz: the house passed so-called usa freedom act which is supposed to curb the nsa data collection but several groups are unhappy with late changes made to the bill. david: one question is where does this leave phone companies caught between the government and customers. peter barnes in d.c. with the very latest. how about peteer? >> privacy advocates and companies looking to senate to

strengthen nsa reform bill that passed the house yesterday. supporters say the legislation would end this bulk phone data collection program a year after edward snowden disclosed it but critics say the bill was watered down with ambiguous language unpressure from intelligence and law enforcement agencies and while the data would be stored with the telecommunications themselves rather than on nsa servers, critics say the still leaves nsa with ability to get access to pretty much whatever data it wants. tech companies, including google, facebook and twitter have been worried without stronger privacy protections the customers could leave. >> companies were looking for some more specificity, more clarity about what is going to be collected, how it will be done, how it will be used et cetera. and they went from a level of comfort to a significant level of discomfort. so, my read of it and from what i've seen and what i've heard, companies are not satisfied. this bill goes far enough to

help rebuild their reputation. >> in the senate the chairman of the judiciary committee, senator patrick leahy, said he was disappointed with the house bill and said it did not include meaningful reforms that hopes to push for over in his chamber. david and liz. david: peter barnes. liz: thank you so much, peter. david: politicians on capitol hill are waging war on the koch brothers, singling out the billionaires for being anti-american but what is anti-american about creating jobs and giving money away if what is really hyped these attacks? we'll ask you, steve forbes, chairman and editor-in-chief of forbes media coming up. liz: plus millions of ebay users passwords and personal information may be up for sale by hackers. are you at risk? the story broke yesterday but ebay is finally commenting. after the bell we'll get you details next. ♪.

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>> koch brothers trashed this beautiful planet. these two brothers are trying to buy america. these two brothers are about as un-american as anyone that i can imagine. david: how could senator harry reid attacking koch brothers as

anti-american. what is anti-american creating tens of thousands of jobs, helping america become more energy independent and giving away hundreds of millions of dollars to charity? what is really behind these attacks? steve forbes, forbes media chairman, editor-in-chief and coauthor of money, a terrific new book what money is and how the federal reserve is doing its best to undermined money. we'll get to that in a second. first of all the koch brothers, i assume because they are putting so much money in the other side and republican and tea party causes, am i wrong with that. >> part and parcel with mccarthyite attack with anyone opposes administration. you saw it with the irs, attacked tea party groups, attacks individuals with means of koch brothers. they know they can't intimidate the koch brothers and try to destroy them person untilly. -- personally and raise monty to delegitimatize the opposition. david: talk about koch industries, if that was the

forbes 500, big slip-up. i did indeed, it would rank number 17 among the top five. it's a private company so they don't rank it as such. >> right. david: it is worth about $115 billion best estimates. it employs 70,000 people at a time we're desperate to have jobs in this country. couldn't these attacks backfire on somebody like reid? >> well, i think the whole thing is going to backfire because they're not performing. and because they can't win the debate on issues, they have to go in for personal destruction. "wall street journal," kimberly strassel today had a piece how they're trying to destroy the republican candidate for senate in oregon, distinguished physician. she has a great record. now they're trying to make up stuff about her to ground her down. david: again, couldn't this, couldn't democrats be in danger of taking on a moniker of being anti-capitalist? having vendetta built the middle class? >> this is where the republicans have to make the case. they're projob creation.

conservatives through tax reform and the like and make the case. they didn't do it in 2012. i hope they didn't do it this time. i think they have good candidates for senate this time making that case. it will backfire. you have to fight these things. david: moniker of forbes is still is, i assume -- >> absolutely. david: tool of capitalism. >> capitalist tool. david: capital it tool is your moniker. >> karl marx took it as criticism. we took it as praise. david: not only karl marx but occupy movements around the country have been trying to demonize capitalism. we saw that back in the '60s before. i think they failed to do that. i think it is a mistake for people like harry reid to attach their wagon to that sort of train. do you agree or not? >> you have to counter it. because what they're saying is all the woes you have are because of these greedy people doing all these evil things. war against women, all that kind nonsense. so you have to fight back on it. the way ronald reagan did with positive things, optimism, not

mindless optimism. but dot proper things this country will come roaring back. this is administration of failure. when you fail, the only way you can stay is divide and attack. david: one thing you're new book says the federal reserve has failed. it has failed not just because of what bernanke is doing but for a long time. how do we get the dollar back on the right track? >> well ultimately we'll do what we did for 180 years in this country's hive and relink it to gold. the growth rates of the united states -- david: by the way, that is where liz begins to snicker a little bit but go ahead. >> i will give her a copy of the book to reeducate her. liz: i will buy it. >> but the growth rates of the u.s. since 1971 have been far less than they were since world war ii. if we had the growth rates we had historically, this economy today would be 50% larger than it is. over time, this stuff hurts. david: what is your biggest criticism of gold? liz: going back to the gold standard to me is so incredibly volatile and based on different

types of metrics that you can't really compare currencies against it. that is the argument. i mean, just certain opportunities to see -- >> what experience shows with gold is, gold better than anything else keeps intrinsic value. when you see the volatility, what that says the volatility is with the currencies, not with gold itself. when you have a proper gold standard, you don't have that kind of volatility. you don't have currency trading. so if you don't like bankers you should have a stable currency. david: quickly, they're giving me a wrap but there was a moment when the republican party would put that in their platform. is there any chance of that happening in 2016. >> several candidates including rand paul and others are making it an issue having a stable dollar. when you look at thing you realize there are a lot of myths around it. we did it for 108 years and did it fairly well. go with success. david: i bet steve would give you a copy of his book. liz: i would rather have a gold coin. i will buy the book. that's what friends do. friends buy the book. i'm happy to do that. >> appreciate it.

being scottish descent i love that. david: watch steve this weekend, "forbes on fox," 11:00 a.m. eastern time on the fox news channel. steve, great to see. >> have to watch, david, on that. david: thank you. liz: ebay can not seem to catch a break. just yesterday 145 million user accounts may have been come promized in cyberattack. in the last hour the ebay head of global marketplaces admitted to reuters the company didn't realize the customer data was compromised when it discover ad network breach in early may. the e-commerce giant waited weeks before notifying customers and waited weeks to change passwords. user on a anonymous site paste bin, claims to have the information and is trying to sell it for 1.45 bitcoin. david: oh, my goodness. liz: per person, which is equivalent of about $750. ebay publicly denying this hacker has the actual

information from the stolen database. that is easy to track, isn't it? david: i would think so. interesting case, first case where i think essentially blackmail or kid thatting of data. -- kidnapping. we're kicking off the summer travel season. it may be biggest one since the recession. jeff flock along one of our country's busiest highways. liz: a battle of good versus bad, not evil, bad, when it comes to housing data lately creating a mix and little bit of a cloudy picture. how do you the investor make sense of it? up next the host of hugely popular national real estate post, brian stevens, strangers ray. they're back here -- strangers ray. ♪. are we still on for tomorrow?

tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow.

liz: after some kind of a -- anemic numbers it has been two days of fairly positive housing data. existing home sales jumped up for first time this year. i guess you can't jump down. today we found new home sales rose more than expected last month as number of houses on market hit a 3 1/2-year high. will this housing spring fling last? joining us our favorite housing guy, the host of national real estate post, brian stevens and

frank geray. oh, that leisure shirt is great, frank. >> of log it? i always think of you, liz, when i come on the show. liz: i would hope so, you're talking to me. >> one of these days it is going to work. >> one of these days we'll get it right. liz: you guys hit it on a lot of news lately when it comes to housing. let's specifically talk about two big pieces data, existing and new home sales. do we finally see a trend? >> not really we expect this come spring. we expect it come summer. with winter and arctic freeze you had back there and droughts here we'll assume we will have a decent rebound. this is normal figures we're looking for. the biggest and best chains r changeses in housing coming strange enough from fhfa from mel watt. he is changes representatives and warrants from banks. banks will not have to buy back

as many loans of the thinking that banks will lower underwriting guideline standards and bring homeownership to more folks left on outside looking in. we expect the numbers come summertime. but i'm thinking fall we'll see numbers that might look pretty darn good. liz: so we have that on tape, fall. frank, get right to it. if people are watching and thinking we want to browse but we also have wonder something now the time to buy, is it a buyer's market still? >> we always say it is a good time to buy. >> always. >> i would say yeah, it is. you know, especially with summer coming up, et cetera, you will want to out there to start looking around. keep in mind more inventories should come up as well. spring and summer show up an people put homes on market, you will have more to choose from. absolutely i think it's a great time to buy, even for you. >> that is great point, frank. strangely enough we have more

who have move-down buyers we've seen over last decade. liz: hold on. define move-down buyers for our viewers. >> what we have is very interesting dichotomy in the market we haven't seen. we see fewer cash buyers which are generally investor buyers, see more cash buyers. liz: more cash buyers. >> who generally tend to be investors but investors are moving down. well, how is this? mom panned dad who doesn't want me and frank living in the garage listening to jethro tull and led zeppelin in the mid 30s, they regained equity, take that, move down and get more manageable house and because they have equity they're paying cash for it. we can see housing coming on market because of moms and dads. liz: i lived at homecoming out of college because i had no money. that's typical. people wondering better to move out and buy? let's get to fannie and freddie. frank, they seem to be holding up the market in many ways and i just wonder are we getting back

into bad behavior of underwriting too many mortgages where people are tentative if they lose their job, they might let these things foreclose and, go under? or, do you feel that fannie and freddie are serving a good role? mel watt, finally come out and started to talk. tell me what you think of him and fannie and freddie? >> mel watt, liked him in "star wars." absolute love him at fhfa. he is fantastic. he came out. went into hiding for a long time. then he popped up. first thing he said, hey, we don't have any money. could you keep taking it all away. that is probably not a good thing. we like that. then he comes around and says i will make it easier on warrants like brian described so more lending can get done. we're fans. we're watt fans. >> he needs to go spend vacation time in the bahama a mass with charlie wrangle and anything else. >> we're good to go. liz: give him for at least

assessing the situation. should fannie and freddie, you guys stay as government sponsored entities? >> they should but got to take them out of conservatorship. they should have taken them out of conservatorship a year ago. >> yeah. >> they took the biggest bailout in the history of the world. we all know that people are spreading that information. what is not talked about they paid the whole darn thing back plus 15 billion plus dollars. in 7year history, they have been profitable for 72 of them. they have been philanthropic, kept 30-year fixed-rate low mortgage available. like golf, can we call a mulligan every now and then? had a couple bad years like everybody else in the country had and let them get back to what they're doing good. liz: watch the national real estate post because frank and brian are the stars. great to see you guys. thank you so much. >> by the way i think, i had a girl who looked strangely like you hanging out in my garage when i was little younger, liz. liz: that was me.

no, i was in my parents garage in l.a. good to see you, folks. have a great holiday weekend. david: love those guys. after tough long winter, americans are hitting the road. and kickoff to the summer travel season could be busiest in years. where will the bottlenecks be? we have very latest coming up. can you guess which states google bail money, alcoholic anonymous or cure for baldness? the answers could be important. the top search for words or questions by people living in all 50 states. we've got the answers coming up. ♪. ♪

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liz: let's go off the desk. kim kardashian and kanye west coined kim yay plan to tie the knot in florence, italy. surprisingly they're footage seven figure bill. sources say the duo dropping $7 million into the weekend affair, flying families from the u.s. to paris and on to florence for the actual ceremony.

rehearsal dinner is $650,000, each plate of food at -- david: each plate of what? how much? liz: 2,000 doll. david: okay. liz: per plate. kimye will include one million dollars in flowers and 200 thou dollars. david: plate of what. that will go on youtube. what an insightful rather strange insight in the minds of americans. property firm estately, used google trend to determine which words terms, word and phrases were most searched for, grouping results by state. new yorkers search for bail money and bedbugs and hangover remedy the most. while calfornians were most interested in alcoholics anonymous. they're getting their acts together. liz: good. david: google glass. people from colorado searching for cross fit and marijuana. okay. the high state not surprisingly. new jersey residents searching cure for baldness?

poor new jersey. bon jovi and girdles. new jersey, come on! do better than that. liz: i'm a proud resident, proud resident of new jersey. this could be the busiest holiday travel weekend of the entire year. jeff flock reporting live from one of the most choked highways in america. wait until you see, next. (mother vo) when i was pregnant... i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare.

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david: memorial day weeken is upon us. aaa is quoting this summer travel season kickoff the largest since the recession but with lots of travelers come lots of traffic. liz: our own jeff flock live from an expressway in chicago with more on the summer traffic. how is it looking out there, jeff? >> expressway and usually we spend so much time trying to stay out of traffic jams. i thought today would be fun to go find one. you don't have to look too far.

i have a camera that gives you perspective. excuse my camera work because i'm not a professional in that part of the job. take a look, this is the ryan expressway into chicago. kind of congested at the moment. we are just one or two or perhaps three here of 36 million travelers, if you putnam members up. you see as david reports, probably the biggest travel memorial day holiday since the recession. the second biggest in the millennium. so 30 sick million travelers. one of the reasons? they tell us gas prices are pretty stable. lately gas prices are ticking up. if you take a look at the chart look where it started one year ago today, it is almost exactly the same, 3.65 a gallon for regular. lastly, if you look at, you know what form of travel has increased the most? well it is not cars. we're in cars. we've got about a 1% uptick in cars. but air travel up about 2 1/2%

and trains, buses and ship travel over memorial day up about 6 1/2%. apparently the cruise lines are doing pretty well. of the got the camera out. let's see what we can see if we look up there, to see how much longer we'll be stuck in this traffic. again, excuse my shaky camera work. as you see, this is what a lot of america is seeing right now out of their front window. i guess that is the way it goes. there is bob there. there you go. >> hi, bob. >> so it goes. david: i'm leaving tomorrow at 5:00 a.m. on the road. so hopefully if you time it right, you can avoid some of what jeff is hitting. liz: great camera work, jeff. great work. back it up, the number two thing to watch next week will be second reading of first quarter gdp you remember how bad the first reading was up just .1 of a percent. this number is set to be released thursday at 8:30 a.m. economists expect the gdp

reading to actually contract, decline, to .4 of a percent to the downside from the previous level. david: two quarters of negative growth is one of the definitions of a recession. so, we're watching this very carefully. the market will take that very seriously. but again there are some positive signs. nobody really knows what is going to happen until we get the numbers. so that is going to weigh heavily on things next week. the number one thing to watch however could be this weekend, while liz and i watch the hockey games, the rangers and the kings, there is a very important election going on. that's in ukraine. there are a lot of people there, including some u.s. representatives who are want to be on site during the election to make sure that there is no funny business. the election itself will be on sunday. the russians pulled back a little. initially they got involved suggesting they may even take side before the election happened. investors meanwhile are going to be keeping a close eye on the vote. any owe tension violence

could -- potential violence could weigh on markets. for now at least the russians pulled back a little. liz: this monday, in honor of memorial day fox business will air 16 episodes of "war stories" with oliver north. we hope you have a good weekend. gerri: hello, everybody, i'm gerri willis. right now on "the willis report" , another va hospital under fire. this time for allegations of drug dealing, theft and patient abuse. also, seconds from disaster -- >> 901 stop your climb and stop your turn, united 601. >> fourth near collision in the air reported just this week. if you're hitting the road this memorial day weekend, we have must--apps to guide you on your way. we're watching for you on "the willis report." gerri: our top story tonight "the wolf of wall street" all over again. >> hello, john. how are y