david: coal stocks were not happy about epa rules, right? [closing bell ringing] >> efa rules. stuff day for coal stocks. david: nicole petallides. liz: put it in the record books as the numbers settle. definitely looks like a record for the dow jones industrials and transports. with a point higher than where we closed on friday which of course was a record. david: again a split decision. nasdaq of course, apple ended up the day pretty much flat. it did go down initially after listening to tim cook talk about what investors didn't particularly like. but again, the whole tech sector, generally speaking was basically flat. russell 2000 though, a significant move to the downside, about half of a percentage point. we've got a busy hour, including investor jim rogers. you want to hear what he has to say coming up. "after the bell" starts right now. liz: i know nobody cares but the

volatility -- david: very low. very low. but we have exciting people coming up. liz: it did get higher by 2% but still below 12, not a big deal. but there was much more action elsewhere. lee munson, investment and chief investment officer where he des deep value in the market. jim loll, advisor investment changment chief. he said now is not to sit on the sidelines so get off your you know what. scott shell lady, from cme. we can begin with you. action was interesting again with the records. almost like a game of inches. >> well it's a game of inches and with the revisions we saw from the government today as well, kind of had everybody on their back feet or on their heels. i think ultimately this is the case, we have inflation data coming out from europe tomorrow. that may or may not give draghi more powder for his gun on thursday.

obviously non-farm payrolls. you know what? everybody is pricing everything because the central banks are involved like there is no risk, there is no peripheral risk, there is no credit risk. we don't have any risk out there. all-time record highs. something ha to give. interesting to see what draghi does on thursday. the market behind me is waiting for draghi, not non-farm. we'll see if we get better jobs out of non-farm. the inflation data tomorrow we'll see if we give draghi, give us a hint what draghi will want to do on thursday. david: jim lowell, we have jim rogers talking about europe. in addition to that, jim lowell, only guy can wear a bow tie as well as you can. you and jim rogers. i bet he is wearing a bow tie as well. let me ask you what you tell those people who are afraid to get in at this point? there are still a lot of retailers out on the sidelines waiting for a moment to get in. they're afraid to get in what they consider to be the top. what do you tell them? >> it's a fool's gambit to wait

for a perfect day. reality on route to the perfect day when the market delivers its best gains. you never want to be out of the market. you want to remain very smartly diversified across asset classes. a clear case in point where the bond market has basically written off by everyone but leading the market with total return with obviously much lower risk profile. the reality as long as the u.s. consumer continues to spend and spend well, and as long as the employment trend, while anemic is still on the mend, i think this recovery has a long way to go. liz: lee, you were talking about deep value. define that and tell investors where to find it. >> well, i think when we're talking to build off what jim was saying right there, you have to go to other countries on different type of business cycles. everybody knows america, we're fully in the cycle. we probably got another year or two to go. we could argue that all day. i like going places if you have to commit money and you're a scaredy-cat look at someplace

like emerging markets which have done horribly for the past three, four, five years. even though it is riskier there you get a better return and valuation compared to america is rock bottom. the same thing we're seeing in europe. just remember, every country, every area has a business cycle. as we're getting long in the tooth on our business cycle here, look to the european central bank and draghi. that's why we're talking draghi, draghi, draghi all week. as the fed thinks about tightening they will think about loosening in europe. there is money to be made out there. david: hold on a second. scott shellady, those ism numbers must have given you twice fits. they came out with three revisions. what did you make of that and how did it affect the markets? >> you can see on a chart what it did to the markets initially. everything looked a lot worse than it was. revisions came out and made things look better. ultimately i say this, this economy is not firing on all cylinders. the 10-year is telling us that.

i think it goes to 2.2. i read more research today said it was going to 2.0. i would love for things to get better sooner rather than later but i just don't see the jobs and i'm worried about housing to really support that going forward. liz: somebody wanted to jump in. >> 10-year is that low, the 10-year is lower because there is huge demand for risk-free assets. i know the economy isn't great as you want to see in the pit, scott, there is such demand for risk-free assets, demand is causing rates to go lower and economy is sluggish. liz: but, jim lowell is going in different direction. looks like with your picks you like to see a little bit gutsier moves from investors such as international growth? >> yeah. one way you can go overseas and look for those out of cycle stocks by staying right at home in the largest blue chip battleship balance sheet names we have. they derive 70% of their revenue from the overseas markets.

megacap stocks are reasonably valued in the precisely because they have not been able to participate in the upside in the small and mid-cap u.s. sectors. go overseas reasonably west a lot less risk by trading home and trading up. david: lee, you can still find stocks that haven't gone out of sight over the past year and i love your pick ofecause i was looking at a one-year chart of costco around it's way off its highs. is not down to its lows by any means but it is kind of meandered up and down yet it is a solid company, right? >> it is. i think that investors need to look at that. if you're not, i don't love picking just a full thing of stocks but if you want to have a stock that is poster-child for where value is, i think costco represents that. think about if you take an idea like costco, it is high quality, has a market, and think, what if other countries and other places in the world where you're still seeing that effect? if you look at costco in america, that's what you can see

in some emerging economies and that's what you see in europe. i would say if you go in that international range as well, i disagree i think you should look at smaller things and things that are deeper value. david: which is a terrific -- >> stodgier stocks, stay in the u.s. david: which is terrific introduction and tease for jim rogers who says exactly what you just said and he has specific picks in that arena. we'll get to that later in the show. liz: in fact he turned bullish on an area he was bullish on for 46 years. you have to stay tuned and look for that. lee, thank you. jim lowell, good to see you. scott, we'll come back after the break for s&p futures close. thanks so much. thanks, twice. david: epa as you probably know asking power plants to cut carbon emissions by 30% by 2030. debate on economic impact kicking high gear. white house says there will be billions in benefits but of course others predict billions in costs, not surprisingly from the energy field. in a fox business exclusive we'll talk with senate minority leader mitch mcconnell.

he is from a state that cares a lot about energy usage about the republicans response to the new plan. liz: famed investors, we were saying jimmy rogers has been bearish on one particular country for 46 years. so when he says guess what, i'm changing my tune and now buying bullishly, where in the world is that? jim rogers joins us in a fox business exclusive to tell us where. david: also bfw heating up the green car wars with its new i 8. this is a hybrid. not exclusively electric but goes pretty far in that direction. analysts are calling it a big threat to the high-end tesla. we take you from zero to 60 in 4.5 seconds as we test drove the new car and we are going to be talking to the person that did that. we want to hear from you. reports say regulators are pursuing an insider trading probe involving carl icahn, phil mickelson, yes, the golfer and billy walters as the guy in the

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liz: you want to know what really soared today? shares of semiconductor giant broadcom of the biggest gainer on the s&p 500 is you know hop knows all why that happened? it is her, nicole pet p. what is going on. >> dave and liz, you're too kind. i've been watching broadcom up all day up 9% on the day. the number one performer in the s&p 500, up almost three bucks. that is because basically it is selling off its part of its chip business. specifically unprofitable according to the analyst. they have lost steam against some competitors such as qualcomm and others including media tech and marvell. that left them in a really tough spot according to fbr capital. they are looking at options to sell or wind down this business. this ultimately would likely save them about $700 million per year. a mice big move up for broadcom today. back to you. liz: nicole, thank you. david: well, the s&p futures are

closing in just about a minute. let's head back to scott shellady at the cme. scott, how is it ending today? >> we'll end obviously on a high he note. take a look at this. we have investors not pricing risk in properly i don't believe. we'll have to find a place to put cash. i think that will be in the stock market. when you've got say a third of s&p 500 stocks yielding more than 3%, that makes it look like a better deal than the 10-year at 2.5. the 10-year at 2.5 sometimes now looked at as hedge against a falling stock market. maybe that is why we see some of the rates break as the treasury market rallies, because buyers are hedging their long equity risk. perversely enough, i said this before we'll see the stock market slowly levitate higher as well as the bond market levitating higher until we get a better feel what the economy is doing. we have perverse market where stocks rallying and bonds rallying the first time.

liz: scott, i didn't want to rub salt in the wound but i had to bring this. >> here we go. that's not nice. >> the kings beat, well, are they, your blawkhawks. you are a black hawk finance. >> they are my blawkhawks fan. the network needs l.a.-new york rivalry. david: rigged? >> we knew it was going to happen anyway. liz: rigged? let me say something, if -- david: exactly what liz would be saying, scott. liz: i think it is almost rigged. oh, my god. calling -- >> there will be a brand new book out now. david: scott, now liz and i throughout the series, so this is going to be war here. liz: scott, thank you. david: this will be war. >> no problem, see ya. liz: we need to get to breaking news about the epa proposing new rules to regulate carbon emissions asking car coal plants to cut emissions by 30% by the year 2030. david: the plan is already causing, we have the person at

the center storm. rich edson in a fox business exclusive interview with senate minority leader mitch mcconnell. >> dave and liz, we heard from the p.e.t. and epa administrator. we'll ask from mitch mcconnell definitely a different perspective from the administration. some thought perhaps a reduction of 42% from 2005 by 2030. they went with 30%. that does provide any relief from what you thought was coming >> no. 40% of the america's electricity comes from coal-fired generation. in my state are 90%. if you're concerned about carbon emissions, united states emits about 6% of the world's carbon emissions. nobody else is doing what we're going to do. the chinese and indians are not. this will have no effect. it is a fool's errand. but in the real effect of it, is going to be lost jobs. we have already lost 7,000 coal mining jobs in my state, seven out of 18,000. we've got a depression in

eastern kentucky. that is before we get to this rule beginning to be implemented. we've got 15 coal-fired generation plants in my state. the way we remain competitive is with our low utility rates. we've been among the top five in low utility rates in the country. that is going to be lost because rates are going up for everyone. this is a huge, huge, negative for kentucky and for other states. the limbo here in the senate the majority leader who says coal makes you sick, won't let us vote on things. i will introduce a bill later this week to try to push back against this. the my guess the majority leader won't allow the vote. >> what would your bill have and what specifically would it require? >> we would require the regulation to meet some standards. in other words, the congressional budget office would have to certify that it would be no job loss, no increase in utility rates and no

adverse impact on growth. you know, we had negative growth in the first quarter here. growth is a problem. joblessness is a problem. thieves people are trying to create a depression in my state. it will not have any impact on global carbon emissions. >> given the environment here in the u.s. senate is there any chance of anything like that passing at least this year? >> probably not because the majority supports the president's defend daft the majority leader supports the president's again today. he made it very difficult for us to get votes on anything. i can't imagine he will allow a vote on this. which is another good reason to make me the majority leader in january so that we can actually vote and participate. there are a number of democrats by the way who would support legislation like mine if they were given an opportunity to vote on night one such democrat is your opponent alison lundergan grimes saying president obama's new epa rule that washington isn't working for kentucky. she says she will fiercely opposed the president's attack on kentucky's coal industry if she were to become senator. ask you to respond to that.

>> i'm sure she would. she would vote to make harry reid majority leader of the senate. as long as he is majority leader of the senate he will protect the president because he agrees with the president. because he said coal makes you sick, end quote. so i'm sure she would be pro-coal. she would be ineffectively pro-coal and would vote for, you know, a majority leader and a mt. who are completely in the other direction. >> we have a year to finalize this at the federal level. an additional year. it goes into effect 2016. do you see any chance that this rule can be amended, changed, stopped? >> i think it depend how much pushback there is. if a lot of negative comments, if a lot of democrats who don't like this speak up, given the year commentary the senate may change before next year we might have a real chance to stop this. >> does it surprise you given the president's reluctance to rule on keystone pipeline, pushing that decision back

beyond the 2014 election, midterm election, that he has gone out and put this out so close to election season? >> i think it is entirely consistent with not approving the keystone pipeline. you know, they knew this required legislation by the way. they tried to pass it back in 2010 when they had a huge majority in the senate and a huge majority in the house. they knew it required legislation. >> will you challenge this in court? >> it is bound to be challenged in court. >> would you challenge it? >> i don't know whether i would have standing to. there are plenty of people that are going to challenge this why did they think it took legislation in 2010 and doesn't take legislation now? this is the kind of executive branch overreaction to everything and the belief that they can do anything by themselves. we've seen that on obamacare where they just pick out parts of it and say, never mind. >> senate minority leader mitch mcconnell. thanks for joining us. >> thank you.

>> dave and liz, back to you in new york. liz: rich edson, thank you, and senator mcconnell, we appreciate your time. david: good interview, rich. bmw moves in on tesla as its i8 car joins electric car wars and getting 94 miles to the gallon. how does it compare to the model s. we'll take you for a ride in the new car coming next. liz: u.s. markets are hitting legendary highs but but jim rogers says divert your attention abroad. david: where? liz: where? guess what, david he is getting on the set to talk about a market he hated since 2008. we'll talk to him in a fox business exclusive. david: he does have the bow tie today. speaking of overseas, there is an overlooked class of markets out there that has been returning 50 to 90% since the beginning of last year. we'll tell you exactly where that is right after this. ♪

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david: tesla's success in the high-end elect market is spurred rivals to develop their own fuel efficient luxury cars. now bmw has come out with a gorgeous 135,000 hybrid car gets as much as 94 miles per gallon but will tesla's success with its all electric model. is overshadow bmw's new hybrid? lauren fix, the car coach, not particularly a fan of electric cars took a test drive in the

new i8 and despite the fact, lauren you're not crazy about electric cars, you love this car? >> if you told me to buy a plug-in hybrid i would buy pretty much but anything this car is impressive. david: it looks so cool. does it drive as well as it looks? it looks so sporty. >> it goes as fast as it looks. it looks like a rocket ship. i had the best time driving all over l.a. the looks we were getting. people were stopping us. david: flip up car door. >> starting with that it is so sexy i have to say. david: bmw is known as very tight driving car. by that the mean the steering wheel is so tight you always have to be on it. you can't let it go. is it a little looser than that? >> it is a little looser. it is not a race car. you could put it up on the track. i tyke it up mulholland drive. i had it all day and rode down row dade yo drive and watched

heads turns and this is head-turner. david: it can run off both the brake and motor itself, the gas motor. >> right. there is an electric motor in the front. good up to 22 miles, up to 75 miles an hour. in the back you have a three cylinder engine that is turbo charged. when you merge the two together you get amazing power. that is sport mode. but there is comfort mode. david: by the way there is three modes. there is the sport mode, comfort mode and ecomode. >> i drove it in all three. when you're cruising around or sitting on highway the ecois great. when you out on the track and go to mulholland or have fun this is a dream. david: you spoke to the tech buy but he is does pr for the company. he told you, let's play that clip and get to you respond. >> okay. >> the i-series cars are really important for us at bmw and we think broadly speaking they're important because we see a future where a new approach to performance is going to be really important. the idea that we can have

performance but in a very sustainable and environmentally-responsible way. bmw i8 looks the way it does picking up certain bmw styling queues. certain styling cues to the bmw-i. it is not only meant to be arrow dynamic with a drag coefficient of .26, but the shape of it when you look at the front or even from the back, it is very reminiscent of a falling drop of water. for customers, looking to own an i8, with starting price of $135,000,700. you first of all have to be able to afford that but beyond that obviously people will be attracted to the way the car looks, naturally. and people will be attracted to the performance of the car, so people who appreciate high performance sportscaster but we think it is also people who are interested in technology and like the idea that they can drive a car like this, getting fuel efficiency that is on par with a subcompact. so they don't have to feel

guilty about driving a high performance car and having all that performance because they're actually being quite socially responsible at the same time. the competition for the bmw i8, that is really hard to clarify because the car is so unique. so you say, well what is the direct competitor? really nothing quite like it out there, wow. that is david, by the way. it sounded like you really took that baby out, you went pedal to the metal at one point? >> absolutely. we had the pedal to the metal and the car went up and went. david: we'll not say exactly how fast. there may be a grandfather arrest clause. bottom line, does this thing make money. >> yes it does. they have sold out all the 2014s. most of the 2015s are sold. there is a waiting list. if you want one and afford one, get your name on the list now. david: now is lauren fix a convert to the electric car because of this? >> if you forced me to buy one i would but the truth is i more into the collectible cars. if you told me buy a ford gt which is $300,000 i would buy that instead to figure out how

finance it. david: the key though, tesla in order to fulfill the dream it has to sell the vast middle. great on high-end. bmw will sell out on high-end. what about the middle ground? >> yes. david: what about electric cars between 30 and 50,000? >> the bmw i-3 are for sale. bmw have great success. they are selling. i see them all over the country. bmw will have great success with the i line. this is aluminum keeping cars light and meeting c.a.f.e. standards and giving people what they want. david: maybe i can convince my wife i have a midlife crisis, i have to buy it. >> you should. i'll see what i can do. >> lauren fix, convert to the electric car maybe in this case. >> thank you. liz: whoever comes out in a suv first. i'm having a mid mom crisis. legendary investor jimmy rogers investing in a nation with what he calls one of the most hated stock markets in the world. which country is that? how long will he stay the course? jim joins us in a fox business

exclusive next. and the l.a. kings dramatic playoff victory set as stage for a stanley cup battle for the ages, the first one ever between teams in the largest east and west coast markets, new york and l.a. the ceo of sports gear retailer mode dell's, mitchell mow dell, tell us how this business could benefit. a "first on fox business" interview. we'll tell you about his idea. ♪ she's still the one for you.

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who went into less charted territory have been rewarded dramatically, frontier markets, lesser known than emerging markets have soared this year. since the beginning of 2013 the emerging market index is down more than 5%, while the frontier markets they're called, that is index. ticker fm is up 41%. individual countries within the sector have posted significant returns. for example, bulgaria's market has soared 91%? david, look at pakistan, up 88%. nigeria, listen if you have the stomach for it, that is nerve-wracking, rallied 47% since the start of 2013. these nations have seen interest grow.

fund focused on frontier markets saw inflows of 1.5 billion in the first four months of this year alone. david: but remember, there is country risk and depending on what happens politically in those countries, next year it could go down just as much. so it has a tendency to go high ups and downs. with s&p hovering near all-time highs, a good friend of ours, is look how the side to opportunities putting money to work in beaten down markets. liz: which countries are the best to invest from his perspective, joining us in fox business exclusive, jimmy rogers, and author of in the roads and in the markets. >> you embarass me. liz: we love the story. not like you are constantly switching your allegiances. you've been bearish on two countries, bearish on 46 years, you're saying when things look the worst, it is time to get in. >> you're supposed to bly when

there is blood in the streets. figuratively there is blood in the streets in russia. yes, i was bearish for decades but now i'm investing in russia. moscow is the home of lenin and stalin? shares of the moscow stock exchange, me after 46 years i bought shares in the exchange. david: this is the land of putin of the as really complex as the situation over in ukraine is, it is clear that he acts very often as a dictator. that he can take his country up and pull his country down and what has happened in ukraine, no matter who was involved, i know there are a lot of rumors about the role of the u.s. in there and so forth, it is still not over. is it wise to go in when the situation could get worse? >> i am not investing in ukraine. ukraine has been miserably managed country for decades. david: but russia may go down as a result of what happens in ukraine. >> well, it could, anything can happen. the united states may go down as a result of what happens in the ukraine. i'm investing in russia. so happens, i got russia timing

perfectly for once in my life. i went in before they went into crimea. liz: by the time things calm down it might be a little too late. >> you're supposed to buy low. you should watch fox business. we will teach you to buy low and sell hi high, liz. liz: tell us specifically where you're buying russia. >> shares moves costock exchange. liz: mayors moves costock exchange. and a come of stocks, aeroflot. >> miserable airline to fly. goes to places people don't have much choice. i own a very large fertilizer company. i own various etfs for the index. there are plenty of ways to invest if you want to. david: we often follow the etf itself and that is a suggestion of yours rather than, if you doesn't have the stomach for individual stocks but there's a country russia is doing a lot more business than it used to with russia and that of course is china. china also has some geopolitical problems.

it is getting involved in ventures in various island around japan that we don't particularly like, however, now might be the time to get into china. you haven't been bullish on china since what, 2008? >> 2008. last time i bought. they had a big conference in november. they said it is one of the three most important economic events in last 35 years. david: this is natural gas deal with russia. >> worth several hundred billion dollars, yes. unfortunately here we are again. here we the united states, we're forcing the russians and the chinese together. those guys in washington don't have a clue. wouldn't we rather be working with them rather than against them. david: so where in china would you put your money in? >> i would get out the list. the government gave a list of indices where they put a lot of money next 20 years. get out the list. that's what i've done, got out the list and small way buying shares in those companies and some industries. i'm still a little worried about the debt in china but the government gave you a list.

they said this is where we will put our money. i mean, do it! liz: jimmy, you are a pretty much a heavy investor and had real home runs when it comes to certain commodities. silver is incredibly low right now. gold isn't showing any promise at moment. are there particular commodities whether hard or soft that you like right now? >> i own some of both. liz: here he comes. always carries the gold coin. >> be careful. itch to know who i am with. i'm not buying gold or silver at moment. i wouldn't. i suspect, i know there will abettor chance to buy gold and silver next year or two. i hope i'm smart enough to buy it if they go down. liz: not the bottom here? you say not the bottom? >> could be. liz: we just were talking about this. >> liz, i'm the world's worst market-timer. i told you that many times. i have no idea when the bottom will come. i'm sure i won't get it. but if it goes down are a lot i hope i'm smart enough to buy it. david: would you buy the euro now? >> no. no, no. i would rather buy the u.s. dollar. david: do you think the euro is

going down as a result of what -- >> yes, i'm sure they're going to print more money. they are the only ones who haven't been printing money recently. as the fed withdraws, mr. draghi will come riding in on his horses and print more money. david: are you surprised the market hasn't presaged that? >> the market is going through the roof. david: in terms of euro. >> it is down some. not a lot. i'm not buying the euro. i'm buying the u.s. dollar. liz: don't fly our h aeroflot but buy aeroflot. david: he is buying the dollar. i don't know if you heard that. >> i am buying the u.s. dollar. david: great stuff. liz: the new york rangers have a shot at winning their first stanley cup in 20 years. what better way to get in on the spirit than stocking up on some sports gear. coming up in a fox business exclusive, we're asking modell ceo, huge on the eastern seaboard what kind of demand is seeing in the stores? and how much of a demand not

just from the nhl and but the nfl and basketball finals? he is coming up next. david: don't go anywhere. we'll tell you the top things you need to know from today's apple worldwide developers conference. jo ling kent is reporting live from the conference. ♪ what super poligrip does for me is it keeps the food out.

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liz: the los angeles kings, my los angeles kings and the new york rangers are squaring off in the stanley cup finals. even if you're not a hockey fan this is a huge business story. this is the first time in the hockey history that the two largest markets will face each other. east coast, west coast, massive battle, and suddenly everyone is talking hockey. what better way to share the stanley cup excitement than buying some hockey gear? joining us in "first on fox business" interview, mitch modell. we broaden this out to a retail story as well. you're selling out like never before when it comes to hockey gear, is that correct? >> it is crazy. we sold more ranger merchandise in the last three weeks than we did in the last 10 years combined. liz: back that up to a couple days, when the rangers were going to the stanley cup. >> insane of the city lit up. it was perfect storm.

winning at the garden at home, with people at the bars, in the streets, cab drivers honking their horns. it was incredible energy. liz: in my hands are the hat. you guys had to scrounge. you were sold out? >> on ice hat is sold out. people want to wear what the players wear on the ice. secondary hats are just as strong, incredible. >> from a retail standpoint what is it like during the game where it will be the deciding game? what are you as a businessman doing? >> you want to know how many boxes of popcorn i go through? it is crazy. my nutrition it killed me today! it is nerve-wracking. we have so much on the line. it when it was 3-1 we printed up everything, like 250,000 units. and, you know, god forbid they lose, you know, somebody in the third world will be very happy. liz: because you shipping it somewhere where they won't see it. listen, have you done that with

the kings-blawkhawks game last night because the kings were behind and then the brac hawks were behind and the kings were behind. how does somebody like you pull that off so have real-time merchandise? >> anyone up with 3-1 usually home team prints up 3-0. when it is 3-3 anything goes. last night was an incredible game. liz: ticket prices are nuts just for the new york area which is the largest hockey market. is fascinating that the tiskket, average ticket price for stanley cup game in new york is more expensive -- >> than the super bowl. liz: more expensive than the super bowl tickets. we're looking at jerseys. these things are not keep. how much are these running for right now? >> $180, the jersey. liz: here is the kings jersey. and, 108 bucks right? >> $108. liz: this one doesn't even have a nail on it. i will assign, gabir, you know

what is fascinating, he played for the new york range jersey and traded him to columbus, ohio and ohio, traded him to the kings much the trades are enough and drive you crazy? >> we try to buy blanks. we go to a company that prints out actual name of the jersey. in a hot market, who would have known, reebok, there is no way they would have known the demand on rangers or king merchandise for that matter. liz: so it is outpaced, give me a sense, hottest thing you've seen in long time? more than giants going to the super bowl? >> no, nfl is an league by itself. liz: what about jeremy lin? you and i spoke on air, year or two ago. >> two years. liz: jeremy lin hottest thing for new york knicks? >> that was anomaly. that will probably not happen in our lifetime any sport. liz: that was crazy. >> the way the rangers won. came back 3-1 ends against pittsburgh, the way they won on the home ice, you feel energy and passion. liz: you're not changing my

mind. let's finish up with the nfl because jadaveon clowney is the number one draft pick. why did you wait until this weekend to start selling his draft jersey? >> we had to wait, a, until we had a number, and b, it took nike that long to print jerseys. we got them in last week. you know what? with the fever of the rangers -- liz: doesn't matter. >> overmasking nfl right now. liz: isn't that interesting. so hockey outpacing the nfl draft. >> it is all about emotion. you go on any news network and front page of the paper, it is about the range years go, kings, go. i wouldn't mind rangers win because david is a ranger fan. david: damn right i am. >> i will wear a king jerseys if the kings win. you have to promise me you wear a ranger jersey? liz: that is not a problem. done and done. mitch modell, david he is perfectly positioned on eastern seaboard for this matchup. david: you have to love that guy and love the business. that is part of manhattan. this guy is manhattan.

all about software at apple's worldwide developers conference. ceo tim cook inveiling big updates. it might have excited geeks in the office but not excited investors. we'll go to the latest reaction from developers. if you thought about producing animated movie, something like disney's "toy story," we'll tell you how you could use animation software and churn out something like a pro. weekdays are for rising to the challenge.

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liz: shares of apple ending the day lower after the kickoff of the tech giant's worldwide developers conference of the tech giant showing off barrage of new software but no hardware. david: it really moved lower after tim cook began speaking. connection, i don't know? jo ling kent live from the conference in san francisco with more. jo, what's going on? >> well, i've been talking to analysts and investors and let me set the scene for you, guys. 6,000 software developers on site listening to tim cook from 69 different countries around the world. the theme today was seamlessness, that is what they wanted to see between the cloud and storage. we saw minor improvements. it really didn't move the stock but we saw healthkit, a new app

that will allow apple and mayo clinic to partner to analyze your health date from other competitive apps. a family sharing plan. phone calls can be made across ipads and computers. they showed that off with a little phone call to dr. dre himself, hyping up that $3 billion deal we saw go through earlier this month with beats electronics. but what is so interesting tim cook took the stage and took a couple of shots at android, which by the way dominates 80% of the smartphone market. here is what he had to say? >> if you looked at a broader group, over a third of their customers are running a version of android from four years ago. that's like ancient history. [laughter] >> developers really liked new language that was made available to them, a new programing language which analysts are telling me will allow them to build more apps, more quickly

for apple which is always good for the iphone market itself. and also, liz and dave, the star of the show, craig, the senior vice president of software engineering stole the show with the demos. really being able to identify with developers as they look ahead for hardware work this fall. david: still didn't turn on investors. the stock came down as a result of that. >> that's true. david: we'll see what happens. jo, thank you very much. >> thank you. david: pixar is now giving you the chance to start creating your own animated movies including blockbuster hits like "cars," "toy story 3". i always wanted to make a movie like this. we'll tell you how, coming up. liz: does type of pet say how smart you are? new study says there is a big difference between doggie owners. we have the results coming up next. ♪

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david: time to go "off the desk." what if you could tweak your favorite pixar movie? pixar is releasing a free version of its visual effects software called render man. this helped create "toy story" three and the latest "star wars" movies. it is used to make 3d graphics and animation look more realistic. they usually charge 500 bucks for individual licenses. this is making the non-commercial version free. that is cool. liz: that is very cool. also "off the desk," bad news for dog lovers, people that prefer cats may be smarter. cat lovers scored higher on measures of intelligence according to a recent study by wisconsin's carroll university. that is not all. those who love cats proved to be open-minded and sensitive. dog lovers have already energetic and outgoing. david: you wrote this, didn't you? you wrote this, didn't you? liz: i love dogs too.

equal opportunity. david: like the fockers. wasn't that the case? "willis report" is next. we want to get a preview what is coming up. gerri, i assume something has to do with the epa there? gerri: we do. we're reporting on this. now you had mitch mcconnell on who was very interesting today and he had a few things to say about the epa policy on coal. they want to shut it down. that is a great interview. we'll have on an author who has covered this industry for two decades and written multiple books. it will be a fascinating time. david: good stuff. gerri: can't wait to get started. david: see you soon. liz: thank you so much. take it away. gerri: coming up today on the show, it is the start of hurricane season. we'll have the latest predictions from forecasters and important information for all of us. also, pro golf rocked by an insider trading investigation. we'll break down the case involving phil mickelson and others and what is going to make-or-break this case. stocks continuing to hit new record high