>> the first time ever below a dollar. stock is down 64%. and the question a lot of traders have, is when is radioshack going to file for bankruptcy, liz? . [ closing bell ringing ] >> let's focus on the positive as we look at the green, there's a lot to be thankful for today. the end of the week, the walls of worry are not stopping the market, it continues to climb again and again, yes, we've had down days, the general direction is up, so close, only 49 points away from the 17,000 mark. we may get there next week or who knows, something else might happen. at any rate. all of the indices are in the green. "after the bell" starts right now. . liz: call it another record for the s&p. we break down this week's action with john buckingham, john isn't letting recent global issues curb his

enthusiasm for u.s. equities. he's in. he'll give us thoughts, brett willsy remaining cautious but optimistic on the market, and mark sebastien in the pits of the cme, you gave us the primer how to put stop losses in, but the market keeps going up. >> exactly right. until we see some sort of catalyst, the dow, the russell 2000, the nasdaq, equities as a whole is up. bonds aren't doing anything, people are searching for yields, you see the equity indexes continue to rally. you see the vick continue to be depressed. i think we're going to see the markets potentially next week, the dow 17,000, s&p 2000. so we'll be looking at 2000 for the 4th of july i think in the next week. you know, all the momentum is higher. it's a slow grind higher but higher and higher and higher. david: brett, one thing that is

not slowing down is m and a activity, we had the medtronic, $42 billion deal that may come into line. if we stay at current pays on m&a's, we will have $3.5 trillion over this year. some people say that as a bad sign, there is a professor at harvard came out each of the last five great merger ways on market ended with a precipitous decline in equity prices. might that happen this time? >> it's not that bad of a sign. it does show a lot of activity, people very excited about getting the mergers and acquisitions going on, and so forth. it does come to an end, that's why i'm cautiously optimistic because there are buys, there is enthusiasm the way everything is going on. you can't pour your head in the sand, you got to make sure you are buying good quality prices at good prices. liz: is it getting harder to do, that considering prices are

getting more expensive when you compare the p/e ratios today to what they were, 8, 9, single digits last year, now up to 15, 16, 17 in some cases. >> liz, you hit the nail on the head. exactly true, and there are things out there, but you have to also understand accounting. some companies might be selling a building that the make the p/e look better and so forth. dig deep in the financials and the find the good companies that are trading in operational good values. so it's hard to find, that and you've got to know what you're doing, or else you end up with companies where my gosh, what happened? david: by the way, john buckingham has been looking for precisely this kind of stock, the undervalued stocks there are some out there, john. tell us about them. >> in our shop, we're focused on the long-term look out three to five years. so i think there are values in the marketplace, i agree you have to be selective, but there are great companies out there

in my mind. these days that have generous dividend yields and trades at reasonable valuations, old national indiana banking company yield above 3%, inexpensive valuation, solid capital ratios. holly frontier in the refining space, in the yield with special dividends almost 7%, another reasonable valuation and symantec, in the data security area, 3% yield or close to it, with reasonable 12, 13 multiple. if you have to be selective, there are opportunities out there, and you know one of the things i think investors should focus on is the fact that interest rates being so low make the dividend yields attractive, and back to the question about m&a activity, i'm shocked there hasn't been more of it, and the bond market is essentially giving you free money as a corporation there. should be more m&a activity than what we've seen, you mentioned medtronic, you have the inversion issue with the tax benefits of doing those

kinds of acquisitions. it is a different environment rather than what the professor was referring to when we have the situations where m&a maxed out and the market tanked. liz: maybe breakup fees are too expensive. at this point, you are right, there has been accelerated m&a activity, mark sebastien, looking at the activity in the pits of the cme, there are volumes of people, huge numbers of people sitting on the sidelines, scared. they have been for years, david. we have so many people over three years, wait, something bad is going to happen. something bad is always going to happen. warren buffett counts 19 recessions and a couple of crashes, they're bound to come. why not proceed with an opportunity to make money now? >> you know, i couldn't agree more. we talked about the vix a second ago, the vix is 1072 right now. that is historically low. so the cost of protection is relatively inexpensive.

i can go into the s&p 500 futures options pit, by put options against a long futures play or a spy play or something along those lines. get relatively cheap insurance. catch 60% of the upside and protect myself from a nice piece of the downside, if we get some sort of large drawdown. only put options will do a good job of protecting traders. that said, we could be here in a low volatility environment for weeks or months. a 7-year-old mark sebastien in 1985 would have looked at a vix of 8 and said that is perfectly normal, coming out of the post inflationary to october of 1987, if there was a vix at the time, it would have read between 7 and 9, the entire period, a six to seven-year period. we can go through extended periods of low volatility. i think we may be in one of those right now, until there is

systemic change in it. david: i've got reveal something about mark, i love mark dearly. he was two years old in 1980 when inflation was in double digits. [ laughter ] >> i was a little older than that. i think you were to, brent. we remember inflation, and there are certain signs, some dangerous signs that janet yellen didn't own up to that inflation is coming back. does that concern you? >> it doesn't concern me, we know we're going to have inflation eventually. you have to be prepared as always. one thing businesses are having a hard time doing, raising products and the services, it could help out a little bit, if we get runaway inflation, we're all in trouble. i don't see that at all. raise the price or widget, 4, 5, 8%, that will hold the investors bottom line. david: be careful, be careful, people have gone down in the environments before. you got to be wary of

inflation, but again the market's doing great. that's a good thing. gentlemen, thank you very much. john buckingham, brent willsy, mark sebastien, you are wise beyond your years. liz: thank you all. david: the irs is answering charges it's covering up political targeting leading to the president's election. if what he's seen case mistakes or a purposeful cover-up. liz: the donald sterling scandal continues with allegations against his wife and the trial looking at his mental capacity? this is getting better here. his lawyer definitely has his hands full, but he did find time to talk to the "wall street journal" lee hawkins, lee joins us with what the lawyer is saying now. david: gold rallying 3.3% this week, the highest level since april. we have someone who says don't get too excited. the shiny metal is about to get

very dull. liz: tell us what you think, will the gold rally, two days old, last or a knee-jerk reaction to the fed. tweet us! your answer coming up. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not?

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. liz: used car retailer carmax looking shiny and new jumping after releasing quarterly earnings report. david: that's good news, back to adam shapiro for the news. adam? >> reporter: got to love the news, carmax led the s&p 500 winners today. year to date, the stock is up 9.2%. they had a new 52-week high, $53.67. this blew the analysts away. average sale price for a used car, $20,000. their gross on that, the average profit on each of these vehicles is roughly $2200.20. they're going to open 22 superstores, $325 million capital expenditure, investors love this stock.

liz: and not buying at the high. always a good sign. adam, thank you. david: frustration and disbelief at the congressional hearings at the irs this morning. here's a sample. >> the irs is in charge of hundreds of millions of taxpayers' information, you are saying technology is so poor, years worth of e-mails are forever unrecoverable. how does that put anyone at ease? how far would the excuse of i lost it get with the irs for an average american trying to file the yearly taxes who may have lost a few receipts? david: the answer is not very far. one guy watching all of this with more than a passing interest is the former commissioner of the irs, mark everson, vice chairman of the alliant group. mr. commissioner, we welcome you to fox business network, thanks for coming in today. appreciate it. >> happy to be here, david. david: so did you ever witness or have these outbreaks of missing e-mails that they seem

to be having now at the irs? >> nothing like this, no. there are technology problems that happen from time to time, of course, but what i find disturbing about it, david, is frankly, if it is taking a year are in all to get disclosed, there is no secret, lois lerner was the center of this investigation from the start. it's not like they start a review and went to me and somebody else and finally get on somebody and find those e-mails or that evidence. this has been known, and the fact that we're only learning about this undercuts the credibility of the agency badly. david: just as a recap for those who don't know what we're talking about with the e-mails, key e-mails from irs officials, lois lerner is one, seven others. eight irs officials where the investigators are trying to get the e-mails to discover whether there was communication between

the administration and the irs to go after political enemies of the president right before his re-election campaign? so it seems to me more than coincidental that the missing e-mails are the ones investigators are looking for? >> you're not going to get all the e-mails, clearly they disclosed the problem with the gap. i see this as analogous to the gap in the 18 minute nixon tapes. david, what i'd like to see happen is for congress to give lois lerner immunity and get her to testify otherwise we are forever frustrated. because it will not be produced. they may produce a certain amount of it from going to other potential recipients of the e-mails. certainly that's the case. but people are still going to be dissatisfied. they're going to say we didn't hear what really happened here. i think they've got to grant immunity and get to the bottom of it.

david: and again, i don't want to get too much in the weeds on the technology. i'm no i.t. expert, i have had a computer crash before here in my workplace, and the i.t. department comes in and they never lose the e-mails, there are servers through which the e-mails pass that hold onto the e-mails. i can't imagine, and you know how the irs works. don't they have an i.t. department that can retrieve the e-mails? and for to happen once, maybe. but eight people, all of whom are the focus of this investigation? that seems to be beyond credulity to believe in that. >> i'm not going to quibble with that. i have no reason to believe that what has been stated is incorrect. what i find damning is the fact that this wasn't disclosed a year ago as pertains to lois lerner. and the fact that it was communicated upline into the white house a couple months ago and the go ahead was given to

communicate it to congress, it should have happened within a matter of days not a couple months later. remember the whole thing, there were two problems about this thing, david. the substance of what the se of the selection of the entities given extensive review and the nature of the review, but the other piece of this which really hurt is the fact that commissioner shoelman didn't testify correctly to chairman bastani, this perpetuates the idea that the service is dragging its feet. i hope they get behind them and really do act to get everything possibly to the congress promptly. david: by the way, these are not small matters. if there was an active attempt to obstruct the search for justice in this, whether there was a connection between the administration and the irs, obstruction of justice is an impeachable offense, it has been in the past. do you see signs of obstruction, genuine

obstruction of justice taking place here? >> i haven't at this point, and that's why it's so important to clear the air and get lois in and get her to testify. remember, i had said a year ago, david, i thought we ought to have iran-contra-type joint committee of the two bodies of congress, but that causes problems when ollie north was ultimately prosecuted, a lot of that was thrown out because of the qualified immunity. nobody quibbles that the congress learned what was happening. i think what has to happen here now, we have to get lois up there in a very transparent way, and she has to say what happened and what didn't happen, otherwise this is going go on forever and other agency is too important. it interfaces with so many americans and we need to restore its credibility. john coskin. david: he's the current irs commissioner, go ahead. >> right.

but i'd like to see this where he can put it behind us very quickly, and today's hearing, it just further enraged people. david: bottom line, this has to be the last question, you don't think putting it behind us will be possible without a special prosecutor to come in? >> i didn't say. that what i said is you need grant immunity to lois lerner. the congress needs to just swallow hard and do that and get lois to be out there in a very public way saying what happened and didn't happen. >> you know her, do you think she would do that? >> i think her lawyers said quite clearly that if she was given the immunity that she would testify. that's what i think he said. david: mark everson, former commissioner of the irs. what a pleasure, appreciate it. >> thanks so much, david very much the a great weekend. david: you, too. liz, over to you. liz: the fighting in iraq could be a game-changer for the u.s. oil and gas industry, but it's

still playing out at the moment. the chairman and ceo of magmum hunter resources, the stock up 100% year-over-year. it's a fox business exclusive. the turmoil in the middle east as well as the fed meet having a big impact on gold prices. how should you, the investor, play this rally? we have the playbook, and inside look at the most expensive hotel room in north america. we went inside. wait until you see some of the details. why does anybody need woven gold in a mattress? it's a room with quite the view and unbelievable luxuries, your tour ahead.

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. liz: time for a quick speed read of the day's other headlines. five stories, one minute. a delaware judge fast tracked investor bill ackman's lawsuit against allergan. ruling says the matter should be decided quickly, a hearing set for july 7. general motors recalling even more vehicles. now, some silverado, sierra, suburban and tahoe models involved due to audio software defect. the company has recalled 17.7 million vehicles. verizon wireless looking to buy dish network spectrum to boost wireless speeds. the "new york post" reports top executive telling a group of insiders about the potential deal. auto nation is america's largest car dealer, auto nation has 228 locations that generated sales of $9.9 billion last year.

the number of millionaires worldwide increasing 15% in 2013 from the previous year. the increase raised the number of millionaires to a record 13.7 million. that's today's speed read. david: you made it in time. good deal. we've been talking a lot about gold. gold rallying this week more than $50 to about $13.15 an ounce, a lot of this fueled by janet yellen, her soft pedaling on inflation, calling it noise. the turmoil overseas having an impact. liz: it's the rally here to stay or a short-term move? with us james courtier, options sellers.com founder. james, we had steve luthhold. about 30% of his portfolio in gold. he was wondering if it was a short-term short squeeze, what do you think? does this stretch out because of the prospect of inflation rearing its head soon?

>> the inflation that we saw over the last month or two really wasn't in wage inflation, and that is the key ingredient that we normally see that gives inflation legs when. more people are certainly getting more paychecks and more volume in their paychecks to purchase items, that's where the inflation sticks and that turns into 3 and 4% inflation and certainly is not in these past numbers over the last month or two. we don't see this gold rally having legs. what we're looking for right now is to see if the physical demand keeps up with the price which we've seen increase the last two or three days. so far indications are physical demand hasn't kept up with it. over the weekend, we'll see if asia does have purchases of the yellow metal itself, not the paper metal but the yellow metal. david: i get what you're saying, push back a little bit, janet yellen called inflation noise. and for a lot of people, i know

the wage inflation sticks, as you say. i tell you the current inflation on on food and energy and the price of government and everything, the vast swap of a middle class of america is saying that this is inflation, and it is more than noise. doesn't at least indicate that the market disagrees with the noise comment of janet yellen? >> i think what it did is it scared a lot of bears into the market. a lot of investors are thinking the idea that if inflation does come, we've heard 2% target inflation from the federal reserve. and as soon as we got close to that. she backed off. that was heard loud and clear by investors around the world it. seems to me they're going to target solely employment, in not worrying about inflation. i think it was primarily noise, however, if we get inflation, i think she showed her hand yesterday. they're not going to raise interest rates if inflation

picks up. that could be bullish for gold over the coming months. liz: could i get to you hit silver for the moment. silver started to hit serious lows. up 1% today. do you like silver? it has more industrial opportunity sted of just collectible. is silver the place to be? it's made a nice move this month. >> it has made a nice move. silver was trading around $11 in april and may and investors were getting bearish on the metals. so many of the banks were talking $1,000 gold. liz: would you buy the physical metal or the miners? >> i would buy the physical metal. the miners had a spike over the last week or two. they looked rich. silver around $19.50 to $20. have you $2 risk on the downside and $5 on the upside for profit. david: james, great to see you, thanks so much for being here, appreciate it. >> my pleasure. david: we've been asking on

facebook and twitter if you think the gold rally is going to last? dave wrote in my gut reaction is it's overreaction, tweet us at fbnatb. more answers after the show. liz: dave thinks it's a flash in the pan. the oil rally raising concerns on dependence of overseas oil. yes, it's been up a couple of dollars. so many say we've got the resources we need right here in the u.s. why don't we bring out more? we're talking to a ceo whose business is helping us say good-bye to foreign energy. david: we need more of those folks. also donald sterling, better get used to being in a courtroom as the l.a. clippers drama intensifies with the release of abusive and profanity laced voice mails to medical experts. how do you defend that? lee hawkins of the "wall street journal" sat down with sterling's lawyer. boy, did he have a lot to say.

you want to hear about it, coming up.

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. david: yes! the apple smart watch may finally be coming. according to reports, the watch could be launched as early as october with production beginning in the next couple of months. if you're looking for a way to play the upcoming device, look beyond apple, quantacomputer.

this is a taiwanese company that could boost the production. the stock trades in taiwan, there is a way to play it. the trade that own quantacomputer, the stock has a 1% waiting in a portfolio of all three of the names. there's a way to play this. liz: today is the day that we flip from the july oil contract to the august contract. now up until today, oil prices were hitting nine-month highs as iraqi troops and militants fight for control of the country's biggest oil refinery. if worst-case scenario, iraqi oil production were to go totally off-line, global prices could skyrocket. what could be done to cushion the blow of rising prices in u.s.? joining me is gary evans, chairman and ceo of magnum hunter. a stock that has jumped year-over-year, gary. people see opportunity in your

company. that was before the situation in iraq. but today, what is the message we should be sending to both washington and to investors about drilling for possibly natural gas, more of it? >> you know, we have two situations around the world that are quite different but have direct impact in world economies. that's the russian situation in ukraine, and we have the militant situation going on over in iraq. so the iraqi situation, that's crude oil. so the situation in russia is get natural gas. here in the united states, we've got both. we've -- the state of north dakota is approaching a million barrels a day now because of the shell revolution, and our country will truly become energy dependent by 2020, leap year 2022. liz: president obama made the promise or predicted it. it seems, and he pays lip service, minus the waiting on

the keystone pipeline. listen, we are drawing out more natural gas than we have in a long time, if possibly ever. here's the question. doesn't more demand have to come, have to be there for natural gas. half of the u.s. homes are running on on natural gas. but what else needs to change when it comes to say, for example, the big truck fleets. we've had everyone from waste management to ryder systems starting to convert. does it have to be in more meaningful numbers? >> it does, we need to embrace the clean-burning fuel of natural gas. it's going to become the largest gas base in the u.s. to pass the barnett in the dallas-ft. worth metroplex. we need to be embracing l and g. that's what's going to give us the opportunity to exploit the resource. we need to be shipping it to our brothers over in europe so they don't have to worry about

russia and the ukraine situation. we're years behind, other countries around the world, australia is seven years ahead of us on l and g. liz: glad you brought up australia. there is the law of unintended consequences, when australia started exporting natural gas, the price began to skyrocket state side in australia. that became a problem, that's why you see dow chemical who comes from australia who remembered that saying you have to be careful. what we don't want to see is a price shock to americans who have been running their homes on natural gas. how do we straddle the line? >> the difference between the united states and australia is all the l and g was built on coal bed methane hopes, that didn't pan out. the united states is totally different. we have proven reserves of hundreds of years of supply. we find it at a 4, $3 natural gas price which is half of what other countries get. we have plenty of supply and

can supply the world around with respect to the natural gas we discovered. liz: ironically, an oilman boone pickens has embraced natural gas is given it the thumbs-up. i want you to expound how we get there. here's boon from last week. >> take heavy duty trucks over to natural gas, if you did, that knocks out 3 million demand a year. liz: how do we get that to happen here? >> we've got to have government intervention. we're worried about build roads, convert stations to natural gas. we've got plenty of it. the company boone invested in, clean energy fuels, they're building stations all over the u.s. so we can burn more natural gas. our own company, we're looking at converting drilling riggings to natural gas. there's a 22-1 ratio. there is no question the

country should be burning more natural gas. it's happening. obama killed the coal industry, that enabled natural gas to pick up the lion's share of the electric generation. liz: up 131%, ticker symbol, nhr. 16% of the float is shorted. you're doing interesting things. maybe we can watch the conversion of a rig to natural gas. that's fascinating, gary. >> that would be great. more and more companies are doing it. liz: gary evans, magnum hunter resources. david: love the pioneers. donald sterling can't stay out of headlines in the battle royale of the future of the l.a. clippers. what in the world is he thinking? we'll ask the "wall street journal" lee hawkins who sat down with sterling's lawyer. liz: you might think a suite with the king sided bed is the

ultimate luxury, how about an entire penthouse fit for not just a king but emperor. we take you inside north america's most expensive hotel room and go under the sheets and find out.

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where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. . liz: a cfo networking conferences, one of the better places to seek financial advice, and the "wall street journal" did just that. the journal asked cfo's from top ranking companies to give words of wisdom on keeping your

personal finances aligned. this is what some of them had to say. ceo of csx says save a lot, and save early. paul reilly, cfo of arrow electronics says you can't spend everything today and you can't save everything for the future. and robin cfo of juniper networks says you have to know where assets and liabilities are and always be conscience of the income stream that you have. good advice. david: meanwhile, the l.a. clippers drama won't go away, shelly sterling making new claims saying husband donald sterling and lawyers are harassing witnesses. with the hearing set for july 7 to determine mr. sterling's mental state. what is next for sterling? the nba and the sale of that franchise. liz: there's one person you could have gotten to talk about this and lee hawkins found him. lee is the "wall street journal" celebrity business reporter. you had a chance to sit down with donald sterling's lawyer

for a rare and comprehensive interview. >> max blecher looked ahead at the july 7th hearing which it's going to be determined if mr. sterling is indeed mentally competent or incompetent. the idea is if he's deemed mentally incompetent then the sale can go through to steve ballmer. they are going to contest it and have counterevidence that shows he should be able to keep control of this team, and the nba will have to then go the other way and have a vote with the two-thirds of owners pushing him out and taking control of the team and selling it to ballmer. david: what does he say, if anything, about the charges of mrs. sterling that mr. sterling and he, the lawyer, are harassing her? >> he, mr. blecher was not involved in any of the allegations, he wouldn't comment on it. i heard the tape. i heard the voice mail he allegedly left for one of the doctors, and i thought it pretty much proved that he was competent because he was

basically saying, you had no right. you were not authorized to give my medical records to an outside party for the purpose of taking my team away from me. david: medical recording suggesting he was unbalanced. >> exactly. it was ironic, here this guy is defending himself. it's going to be tough. a lot tougher than we thought that day when the commissioner came out and banished him for life from the nba it. hasn't gone so quickly. liz: that steve ballmer shouldn't be celebrating too quickly and buying a lot of merchandise for the clippers. >> absolutely not. it's going to be a long foughtout battle, july 7th a critical day, and there are a lot of people in the public that believe that mr. sterling was wrong but believe that he was wronged. liz: let me just say, i know from speaking to some of the nba owners' representatives, they actually would love to see the sale go through because the value of the l.a. clippers at 2

billion, what does that say for example about the new york knicks or the timberwolves? i look at this and say to myself, this is something that will put on the record a level for nba teams, and for those of us who grew up in california, the clippers were a joke for years. people would only go to see the other team play. >> yep, there could be a ripple effect. you're seeing the value of the teams go up. at what cost? now mr. sterling is saying through the discovery process, they are going to potentially expose other incidents of racism and misconduct by other owners, and he feels he's been disproportionately penalized for what happened. david: here's the irony, the great irony here is steriling on his own probably would have sold this thing, but because of the pressure, he's so onery right now, he's pushing back and had it not been for the pressure, he might have sold the thing, anyway. >> i talked to max blecher

about that. let's play the clip. >> as i said before, i think mr. silver missed a golden opportunity when mr. sterling was of the state of mind that he would sell, when he lashed out and said he would never, never repudiate the band for life and never reduce or eliminate the fine. i think that was one of the factors that caused mr. sterling to back away from the sale. >> david, in this, what's interesting, he cares more about the $2.5 million fine than he does the $2 billion price. it's all about principle. david: he's very upset about not being able to go to the nba games. liz: very hurt about that. what's fascinating it all comes back to the theme we always talk about. the market. and length the market forces align to let things play out naturally. if the players would have boycotted. if the fans would have said

listen, we're not going on to games and the sponsors pulled out. liz: the sponsors did pull out. they were going down the road. >> if all of those things aligned instead of nba intervention, maybe he would have had to sell the team anyway. the guy deserves, as much as a abhor racism or reprehensible what he did was, he deserved his day in court, and we in the business world all than antitrust suits and judges, hey, they're going to give him a fair shake on this, and he may win. david: as you say, market mechanisms are usually the best way to work it out. >> right, the nba did what they had to do, they wanted the playoffs to play out. it's going to end up in court. david: lee, great interview, thank you very much for being here, fresh. liz: it's got everything from a 360-degree view of manhattan to a 24-hour personal butler service to a rolls-royce and chauffeur. david: of room.

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>> in the course if you believe it for seven years traveling around the world, mainly in italy and in france, looking for amenities. hand picking products. hand picking precious stones and precious materials to weave them into the product here. liz: the master bedroom, $65,000 bed was crafted by hand in sweden. its mattress is laced with 22-karat gold. the library boasts a 26 foot cathedral ceiling and decorated with guilded bronze, vine and leaf motif. >> the entire suite was built for people who, on their own, own this kind of residence, so what would motivate them to buy a suite of this caliber? only that you provide them the best or the same or even better

than what that you own at home. liz: the living room features hand lacquered walls with mother of pearl inlay, each meticulously hand crafted and a four foot custom designed chandelier of cut glass lights up the room. a personal butler will tend to your every need and chauffeur will take you governor in a rolls-royce. you might not want to leave the suite after you see the multimillion dollar views. >> unobstructed views, 360 degrees, regardless where you stand in the suite, you have a diagonal view, a front view, into all four directions. liz: agoraphobs, need not apply. it is gorgeous. david: i would get vert go. i couldn't do it because of vertiggo. the friendly robot that challenged president obama to a

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them to children overseas but it did not happen. >> we just showed to the most expensive room in north america and twitter told us it may have a rolls-royce. >> coming up today lance armstrong back in the news hour of legal panel tackles the latest lawsuit involving tens of millions of taxpayer dollars. also the new way to fight fraud in realtime. one step ahead of identity steve. >> and celebrity chef has some tips for the barbecue. the wallace report starts right now. gerri: we begin with a new warning about the housing market is the bubble about to burst again? new figures