for messaging. up 2 1/2%. [closing bell ringing] liz: not an s&p record, unless we settle markedly higher. the record to have beaten was 1962. we're at about 1959. so not quite there. let's look to see how stocks are finishing up. dow jones industrials seeing a decent gain of about 52 points. turning your attention to the russell 2000, the percentage gain, really small and mid-caps are lately leading rallies when we have them. "after the bell" starts right now. david: let's get right to today's action. by the way one of our participants has one of these. this is a super bowl ring. that would be the san francisco 49ers. it belongs to ron heller, who kindly allowed me to wear this. he was wearing as a result of his participation in the 1988 team. we have the asset management ceo. he says, energy, by the way is a

still good bet. he will tell you where to place that bet. chris rents letter, needham growth fund will tell us three stocks he likes. steve ricchiuto, es r mizuho chief economist. he will give us reaction to today's gdp revisions. sebastian from the cme. mark, the worst people were expecting 2% revision to the downside. 2.9, almost three% to the downside. didn't that scare trade arrest little? >> you would think so except we're up almost 10 handles. i guess we're not, all about interest rates. more qe and market slowness. yesterday's selloff was basically everybody's cue to jump in and buy today. this is the lowest -- slowest period i've seen as trader. we've gone 47 days without a 1% move in the market. the record in last 30 years from our good friend ryan dietrich was 95 days, back in 1995.

i think we might approach that by end of the summer. this is going to be, this is painfully slow. but, there are little bits of a landmines in this desert of activity. that we see just about every day, last week we saw the utilities blow up. with utility, with utilities doing huge volume relative to normal volume in the stock at about 3 h-x going on the call action. something is going on in utilities. guys were playing around in the automakers. a guy bought 35,000 of 17 1/2 calls expiring next week in ford. i wonder if auto sales will be goo next week. these little pockets of action. when that happens, everybody jumps in. david: gotcha. >> everybody is trading it. liz: somebody is working for a living and everybody is piggybacking off their good ideas. today the story really was we saw what some might term a pretty scary gdp number. let me

bring in steve ricchiuto. i had two investors, investor and trader say last hour, ignore it, it is in the rear view mirror. do you ignore the weak gdp number? >> you can't ignore the gdp number. it tells you the fed target for the year is well off the mark. the street's target for the year is well off the mark. this economy will be lucky to repeat last year's disappointing performance. that is not to say the federal reserve will reverse directions and adding through qe. they will continue the tapering process. i'm not saying saying that is rt thing for them to do. therefore we wind up with economy that will continue to have disappointing top line revenue growth. david: ron, weren't that be a disappointment to stocks. if you don't have improvement on the top line. won't that eventually affect stock value. >> it will, stocks have to have catalyst to go up, unlike fixed income where we traffic. you pay interest payments and we're food. qe can go on forever and not

change anything. look at dynamics of economy. nearly half of americans on some sort of government aid. taxes are going up in many, many states, especially where i live in california. there are many things going against this economy right now. liz: would you still invest, ron? do you like the picture out there at least for some good quality names? >> yes, we do. but you have to be a stock and bond picker. you can't just buy and index anymore. that beta trade is over. we're still seeing a lot of bond and loans and dividend he he can question for good value out there in the market that are outside of the indexes. so if you're a bond picker or stock-picker you can still make a really good return in this market. liz: you picked two stocks. we should put them up. it is really hard to distill some best names and find those nuggets. you have have nisk a gas storage partners and navistar. talk about why the two are on your very short list. >> our exposure in industry in the portfolio is energy. we owned bond in the past. they traded way above par and we

sold them and got the dividend equity. it's a gas storage company. as we produce more and more gas, more demand will come from them. and navistar had some delays a while back bringing at next generation engines and trucks. carl icahn came into the equity in a big way. the bonds traded down. it was a short-term trade and we bought them and it was good value. david: you can't ignore what carl icahn does. chris, you like technology stocks. why? >> we think they're adding great sal use as companies have to optimize to get to efficiencies. as your guests are saying be a stock picketer. areas we're looking are semicap equipment. technology continues to move forward. mobile phones require better efficiency within its semicomponents. that requires capital investments. so the budgets at foundries are pretty significant. they're global. and they're global products. so we like that exposure. so one company that just had an

analyst day called integris. they closed on a acquisition of another competitor, atmi. we think they will drive a lot of synergies and it's a great place to be. liz: as you look at those names, i want to get it back to mark sebastian in the pits. you were cracking up. david was saying numbers what is happening with gdp again i bring it back to the primer you gave our viewers making sure to be in but to put backstops into the portfolios? in the form of all kinds of financial instruments. do you still perform with that kind of idea? >> investors says i can't afford to be in this and i can't afford not to be in it. if you, if you, you're not in the equity markets you're missing out. people thought equity markets were overpriced at 1400, 17, 18, 19. s&p will probably touch 2,000 next couple weeks. think we'll see 17,000 in the dow by 4th of july. it will be fireworks for 17,000

in the dow but it will probably because independence day. and you know, so there are areas of value. you know, there's a reason why there is lots and lots of activity in the utilities right now. i like a name like excelon, southern company, consolidated edison. we're seeing lots of activity. lots of buying. david: okay. >> i think utilities have serious upside if rates stay this well. david: steven, of i have to ask you about the retail investor. we are so concerned. because often retail investor gets it at wrong time when the smart money is pulled out. i'm wondering if you're seeing any signs of that? go ahead, steven. >> no, not really. no, not really. we're not seeing any signs of retail investors jumping into the marketplace at all. look at mutual fund flows, they continue to be the way they have been on ongoing basis. we're not seeing huging a set allocation trade. i think many investors are still beinglicking their wounds on retail side through housing and

an extent their children's college and he had cancation related loans. it will be a long time before they get back into the marketplace. i ace professional market. liz: we must remember that. ron heller -- david: thanks, ron. last won i wore by the way was jack kemps. >> i do. i played with his son jeff. david: wow. thank you for letting me wear this i will give it back. liz: ron, chris ritz letter, steve ricchiuto, it doesn't fit i have to give it back. liz: barnes & noble splitting off nook business from its book business into a totally separate company much, something it has been considering for nearly two years. why now? will the new barnes and noble look like? we get the answer from the man at helm, the ceo live in studio. david: we were mentioning a gdp shocker with the worst first quarter reading in five years. it is not just about the weather, folks. how do we get back on track

before the bad news takes a toll on the markets? liz: wearable tech, it may be oh, so smart but most of it isn't exactly pretty. now one company is changing that with a luxury watch that is as attractive as it is smart. so they say. you get to decide because we've got it. we're going to show it to you and speak with the ceo who is making it happen. david: we want to hear from you about those growth numbers. do you think we're headed into another recession? two down quarters. tweet us @fbnatb your answers coming up. ♪. [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor

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liz: zillow jumping on jpmorgan's price target hike. david: good news. let's head back to nicole petallides on floor of the nyse. nicole. >> good news for cillo. the stock really did jump today. the stock was up about seven, close right now to 6%. that was the close. 6% to the upside. closed over 140 bucks. that is a big deal for zillow at 140 bucks. and what we saw also was that jmp price target, they raised the price target there. zillow after looking at it closely they think they are gaining share. this comes on the heels last week of canaccord saying there is growth potential for zillow. after you have several analysts liking zillow, you see it moving

to the upside. year-to-date, up 71%, liz and dave. that's a huge move. david: nicole, thank you very much. liz: a big shake-up or we could call it sort of a crack in half in the book retailing business. barnes and noble announcing plans to split its retail business and nook businesses into two separate publicly-traded companies. this marks a reversal from the company's position in august of last year when it abandoned plans for that type of separation. after considering and weighing the idea for 18 months. what has changed between then and now? joining me, hike huseby, barnes & noble ceo. that is big news. >> that is big news for us and big news for our customers, none of whom will be affected by this in a major way. our day-to-day customers will deal with the same people and get great service they always had. liz: why do this? what is the advantage? >> we think the companies will be better capitalized, more appropriately capital alizeed

and more operating opportunities to drive their businesses. there are different profiles for the business. retail has done a great job steadying the business and has posted a strong year and steady revenues. basically through the holiday season and into the fourth quarter for its core comps. liz: what changed, mike, 18 months ago between then and now? because people were looking at abandonment of idea and today we're hearing the board suddenly voted for it? could it still be derailed? >> i don't think we abandoned it. we did some things in interim. we formed nook media in with microsoft and pierson. that ring fenced our college and digital assets. and the difference between 18 months ago or a year ago and today is really performance and clearing up some uncertainties about our strategy and where we were headed. a year ago we in the nook business had a lot of inventory, device inventory to sell. we sold through that inventory. and we also on june 6th announced a new partnership with

samsung where they will be our hardware partner for tablets which shift as lot of hardware expertise and cost structure tos very hot and sexy future for the nook. samsung knows how to do the hardware stuff. you guys are in the book business. the split makes absolute sense. what will change about the nook? you have kindle out there as competition? you have ipad. galaxy is samsung and now the surface 2. how do you marry all of the partnerships with microsoft and samsung to make this thing a winner? >> what will change for us the fact as you pointed out we're cobranding tablets with samsung. so we're taking a leading technology tablet maker in the world and with that integrating our world class reading software. and that software is going to continue to develop. i think some surprise some people in terms of what it shows in the near future. liz: what is the difference, if i read a book on kindle fire versus reading a book on one of these new samsung nook partnership types piece of

hardware? >> wealth difference is the way the software presents the reading choices. and, samsung, amazon and barnes & noble probably have the two largest digital content libraries in the world. the difference is that you're reading on a nook, not an amazon. so you have the support of all the barnes & noble retail stores. so for example, if you buy a nook in a barnes & noble retail store, you have a problem or online or anywhere else, even at retailer, you have an issue, there are people that can help you with that nook and figure out how to use it, how to get the most out of it. liz: you will have that expertise right there at the barnes and noble store? >> yes we do and we have. liz: talk about the stores themselves, how are they doing? i heard for years the death of the brick-and-mortar bookstore, yet you guys are still alive and kicking? >> not only alive and kicking i think we had a great year. liz: you beat on revenue in the most recent quarter. >> that's right. we posted the highest

consolidated ebitda we had in four years in fiscal year 14 which ended in april. in terms of stores themselves, this past holiday we had core comps essentially flat when all outside pundits were expecting declines in the physical book business. a lot of that also speaks to the people factor, the human factor that we bring to the experience. people like to come into our stores, browse. it's a social experience. liz: tell me about it. >> you don't get that online. liz: we lived at one close to us. sadly it closed. there is one in englewood, new jersey, or hackensack. we don't want to see the death of the bookstore because that is important to culture of americans. i want to ask you that we got this gdp number that ask pretty weak. granted it rear view mirror. you as see in trenches doing business us did it look as bad as that that number looked or do you feel great about the business prospects forethe rest of the year. we feel great about our business prospects. we pivoted strategy from device

content to services platform. that gives us lower cost structure to distribute that world class content we have. liz: when you have new one with partnership with samsung. would you come back and show to us? >> i would love to show it to you. liz: make the big unveil and perhaps who will run the nook business. >> thank you, liz. liz: mike huseby, barnes and noble ceo. we're thrilled to have him here in studio. david: indeed we are. the supreme court sounds the death knell for streaming tv startup aereo. what does today's big ruling mean for inknow vision in the tv business. we look for the potential winners and losers. the violence in iraq has helped give gold a boost of. that is not only thing driving up gold prices. world gold council director of strategy gives us the inside scoop. we'll tell you where it is advising investors it to go shopping, where to stay away. that is all coming up.

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the fastest lunch. turkey club. the fastest pencil sharpener. the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't i choose the fastest wifi? i would. switch to comcast business internet and get the fastest wifi included. comcast business. built for business. david: time for a quick speed read of some of the day's other headlines, five stories in a minute. first up, new york surpasses l.a. as the top site for shooting television drama pilots. according to a recent survey, l.a. share of overall buy lot production has dropped to 44%. whole foods is paying $800,000 in penalties for overcharging some customers in california. state and local inspectors found the grocer charged more than advertised for a wide range of food products. faa says amazon drones are

illegal. the agency promised it will revisit the question of commercial small drones later this year. sprint is promising full refund for new customers who decide to drop the wireless service within the first 30 days of their contract. the company unveiling its program only five days after t-mobile introduced a 7-day trial of its service for potential new customers. and montana's health records have been hacked. state officials say 1.3 million people had hair personal information compromised by hackers that broke into a state health department computer server. that is today's "speed read." liz? [buzzer] liz: david, supreme court ruled that the online streaming video service aereo is illegal saying it violates broadcasters copyright rights. this is huge blow to aereo, which will allow users to watch and record on air broadcasts on a range of electronic devices. david: so how did broadcasters react to the supreme court decision? if you heard a yea, you heard

already. who could be potential winners? joining us is rich edson and adam shapiro. let's start with you. >> the broadcasters are thrilled when you look what aereo has to go through here. the business model is basically illegal according to supreme court. aereo argued they were a dvr service. you rented antenna from them and hard-line space from them and dvr servicing over the air signal. the supreme court disagrees with that, saying this is copyright stealing lately. this is from twenty-first century fox a statement, our parent company as well. fox saying quote, the division is win for consumers. the firm's important copyright and overthe top video will support a vibrant and growing television landscape. aereo's response? today's decision clearly state how the technology works does not matter this sends a chilling message to the technology industry. as for what the effective of

this decision is on other business, we're talking about cloud computing, copyrighted content inside the cloud, one attorney who is support i have of this decision, basically this decision only affect the aereo. >> it was written narrowly enough that it affects only businesses that are set up in exactedly the way aereo does. where they take something and retransmit it for free. not where it is user generated content. not where, you voluntary are storing something that you own. >> aereo has made no comment on what its next step is going to be but this decision makes it pretty clear. the way it is operating itself currently, can't do that anymore. back to you. liz: rich, thank you very much. for a look at biggest winners and loser in the aereo decision as far as investors are concerned, adam shapiro. adam. >> liz, many companies enjoyed a large boost, cbs,

twenty-first century fox, owner of fox business, time warner, disney, comcast, they were up dramatically. a small players familiar to people on local regional level, sinclair broadcasting, lynn, media as well, great television. you and i both used to work for scripps owned television station. at one point their stock was up 7% today. so those are some of the big gauners. aereo losing big-time on this supreme court ruling. they manufacture the actual device and antennas that made that stuff possible. so they will lose big-time on this here are some statements we got from media companies. from walt disney, we heard, quote, we're gratified the court upheld copyright principles that assure high quality consumer content. liz: hold on one second. david: sorry to interrupt you, we have breaks knew. charlie gasparino is on it. go ahead, charlie. >> as you know, eric schneiderman was reporting to

bring first dark pool case against barclays. this involves preferential treatment through barclays's stock pool. that case has been followed. eric schneiderman is out with that now. what is kind of interesting about this, guys, this will put scrutiny on dark pools. those are the private exchanges. not just new york stock exchange and nasdaq where stocks are traded. all these other places. that is where eric schneiderman said games can be played. high frequency traders, guys go in and out of stocks in milliseconds, they play games into these dark polls. one of the dark pools he is alleging that they play games in barclays where they give preferential treatment to high brevard countysy traders. a lot of scrutiny is on dark pools. the most prominent dark pool one by goldman sachs will shut down. what sources are telling fox business, he is not, goldman has no intentions of shutting down its dark pool even amid this scrutiny. this will be a pretty

interesting story. would i say this, market structure will be the story of the summer. people that don't know about it, that don't care about it, they should. your stock is not traded on one stock exchange or two. it is traded in 50. eric schneiderman has the first major substantive case that addresses some problems that occur when you have 50 different exchanges. i'll tell you this i've been critical of this whole high frequency trading hoopla, the michael lewis book makes it sound like it is the worst thing in the world. i always said the real problem is dark pools. because that is where games can be played if there are 50 different markets. eric schneiderman is doing solid to investors if this case leads to much more of a consolidation of these dark pools and market isn't so fragmented. that is where we are right now. david: okay. >> we'll be reading a lot about this next couple days. david: indeed we will, particularly if goldman sachs is fighting back on this? >> they are not shutting down their dark pool as of right now. one thing about goldman. they will shut it down when they start losing money. they're not losing money yet. liz: charlie breaking a story on

barclays. thank you very much. today's final gdp reading for the first quarter shows the u.s. economy contracted by about 2.9%, much more than economists had expected. up next we'll find out, we tried to find out what is going on in the economy now and what this means for you. david: how do we get that economy moving again? meanwhile the wearable tech industry, it is red hot right now but one thing that seems to be missing, yeah, a little bit of fashion to match the function. coming up we'll talk to one man who thinks you shouldn't have to compromise on fashion for function. he will be here with his watch coming up next.

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...ask your doctor about reducing the risk of stroke with pradaxa. liz: morgan stanley is going shopping again. restarting its coverage of the retail sector. here's look at what its recommending you the investor do in this sector. the firm overweight rating on whole foods, best buy, and sally beauty holdings. they love these, right? dick's sporting goods, lowe's received equal weight ratings. names to avoid outright, the firm but underweight rating on bed, bath & beyond, petsmart, staples and target. that is from morgan stanley. david: we've been talking about this all day, the shocking downward revision of first quarter gdp today showing the economy declined 2.9%. they were not expecting anything near that bad. this was the worst quarter on record, outside of a official recession and clearly not something that can be just blamed on bad weather.

how do we breathe some life back into this limping economy before it starts lashing into the stock market? with us is john tamny. editor of real clear markets and "forbes" opinions. and of course, star of "forbes on fox" every saturday morning at 11:00 a.m. on fox news channel. okay, john, one thing i like about all this is that back in january fox news had an opinion poll, 74% of the people out there thought that we were still in a recession. this was at a time when all the experts were saying how things were getting better, we were going to see more growth in the economy. the economists got it completely wrong but the average folks got it completely right. that was a good thing. >> you know, economists are fairly expert at getting things wrong. it is really unfortunate here because what has to be remembered is economic growth is easy. nothing could be simpler. one thing we know about this long-term downturn it must be and always is a function of government meddling in the economy, basically politicians

erecting barriers to our natural desire to be productive. david: well the main thing is, it noise the like there is not any money out there. first of all the fed has been printing money like it is going out of style. private equity firms, have, what is it? $1.14 trillion of cash they are not investing. banks have a ton much cash as well. so the cash is there. it is just that it doesn't seem to be profitable for a lot of people to invest that cash. >> yeah. many ways it resembles the 1930s. is forgotten back then banks were awash in cash. the problem, like today, they had no good ideas to invest or loan it toward. what you're see something much worse. basically banks are lending excess back to the fed. the fed has been essentially pouring gasoline on the fire. buying up u.s. treasurys which subsidizes government spending, almost by definition is an economic retardant. and worst than that, buying up mortgage securities which is

basically the fed doubling down on the very consumption of housing that got us into trouble six years ago. so you're seeing the government and the fed working against the natural way that the economy would recover if left alone. david: so basically it is pretty simple. if you have cash and you don't invest it, you doesn't have growth and that's why we don't have growth. the question how do we get banks and private equity firms and others to invest that cash? how do we do it, jon? >> one thing would be for the fed to stop borrowing from the banks. in that case banks would have to lend from among each other and lend it out into the economy. we're seeing the obama administration essentially violate four basics of economic growth. the one i will talk about is taxes. look back to 2012. taxing on income and capital gains went up. that means that work that we do every day was penalized at higher rate. there are no companies and no jobs without investment first. capital gains, higher rates on those are penalizing investment in the companies in the future. government spending itself is

the process whereby politicians rather than private investors, allocate capital. we've seen that rise. if the government would just get out of the way and let the economy fix itself, we would see a massive rebound. david: so we have to lower tax rates. that is probably not going to happen across the board. we're not going to have any reaganesque tax cuts in the last two years of the obama administration. what is the best you think we can hope for? maybe a cut in the corporate tax rate? >> well i think what's the best and this is actually a good thing that president obama's presidency essentially ended a year ago. he will not pass anymore substantive legislation. that sound bad on its face but it's a very good thing. it has to be remembered that sick economies, if they're left alone naturally heal themselves. all recessions are are the process whereby we cleanse all the bad invests, all the misuses of labor, misallocations of capital away from the economy. so with washington doing nothing, the economy which is just a bunch of individuals will fix itself and so it is my guess

that we'll actually see a fairly substantial rebound in the last two years of the obama administration but it will have nothing to do with the president other than him not being able to do anything. david: so everything works better if the politicians don't do anything. final last question, very quickly, john, we have a question put out to our viewers whether or not we're entering into another recession. do you think it is that bad? >> i don't think we are. to me the dollar is usually my guidepost. dollar is great deal stronger that will lure a lot of investment out of the wealth of yesterday and into wealth creation for tomorrow. i think we'll see a rebound, precisely because of gridlock we're about to experience. david: john tamny, star of "forbes on fox" which is on every saturday morning on fox news channel and real clear markets. i don't want to miss that. thank you, john. >> thank you. david: we've been asking you folks if you think we're heading into a recession. anthony on twitter wrote, is the pope catholic? i love that line. lisa on facebook says, i doubt

the last one ever ended all right. liz: somebody is making money on wearables. people are talking about smart watches and fitness bands, they're known for function rather than fashion. look at this. we're introducing you to a ceo who wants to change all that with a new higher end looking device. david: that is beautiful looking watch, i have to safe. i was a little dubious. i have to stick around for that. gold has been on a tear recently with another gain today but does the rally have more legs? we game out the likely scenarios with a top man in the business. you will never find a better gold analyst. we've got him coming next. ♪.

david: gold settling higher for the sixth straight session following news that the u.s. economy contracted in the first quarter. a lot more than analysts thought. liz: but will we continue to see gold rise or are these gains fleeting? joining us now, the world gold council's managing director of investment strategy. why do you think we've had a six session run on gold? >> i think there are two main factors here. i think the immediate factor that the dovish speech by chairwoman yellen last week is put into perspective with the gdp figure notice u.s. many investors i talk to think the think federal fund rate will not go as high as previously thought and bond yields continue to rally.

they therefore think that is better for gold. the second factor since the tart start of the world the whole demand supply picture for gold improved significantly how bad it was last year. mine production is pretty flat. recycling has dropped. the demand is huge in india and china. that is pushing gold again. david: these two countries, india and china have extraordinary influence of price of gold. what percent of price of gold movement just these two countries have? >> absolutely. in terms of physical demand they're over 50% of the total global market. david: wow. >> billions of dollars annually. annually 250 billion a year. 4300 tons. half of that is just going to consumers in india and china. so it is huge. i would say new york still has major influence through the futures market on the price of gold and every day these two influences crash into each other in the market. that is how it works. liz: there are many ways to play gold. you can buy it physically. you can buy the miners. you can buy etfs. >> yeah. liz: who arefor retail investor

right now who doesn't have secure safe in their house, what is the best way to invest in gold right now? you. >> want a mixed strategy. if you made a decision to own gold again, you like the way it is looking into second half of the year, we certainly do and beyond that. i think really, a physical gold product is a very good way to execute that. probably a physical gold etf if you don't want a problem storing gold yourself. you have the spider gld into the united states. you have other etf products. best served markets in the world arguably for those kind of funds. liz: every share is backed up by a real bar of gold? >> absolutely. liz: i want to make clear of that. because we never know, do we. >> buy physical gold. investors should buy a physically-backed etf. david: gold miners specifically though, because a lot of the rise in the value of the gold mining stocks had to do with the fact that they were borrowing a lot in order, when, gold was up at about $1100 an ounce, and,

they got in a lot of trouble, paying back some of those debts when gold came down to the 1300-dollars level. aren't they in trouble, aside from the whole business of price of gold, aren't they in trouble because of way they leveraged up their industry? >> that is truth in that. that is what was going on in the bull market. they raised capital in the equity markets. they opened many new mines and had a big price drop last year. david: regardless of price of gold, some miners might go down because of bad investment? >> if you look what happened so far you had over $100 billion of write-downs by mining companies. david: wow. >> a number of mines have been closed around the world. they're cutting cap-ex on the mines and cutting costs of operating. right now if you take the industry as a whole, the all-in cost of mining fold is roughly where the gold price is today. if it went lower than this, for any length of time you would lose 25% of the industry and mine production. they have responded to that we're now at very important

moment there is degree of a floor here because you will lose mine production if you go any lower. liz: marcus, thank you so much. world gold council. >> thank you. liz: thank you very much. david: well samsung an nike better watch out. a new high-end device is entering the wearable tech market. liz will show that off. liz: here it is. david: we have the ceo of the company taking on the big guys. that is coming up next. liz: not bad. a robot from mars snap as selfie out of this world. we're showing the picture that is going viral next. ♪. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees.

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david: so how would you like to have the benefits of a wearable health tracker embedded into something that looks like like, less like a wearable health that is the vision behind a new high-end designer watch with health monitoring perks with a classier look. liz: joining us is the ceo, cedric hutchins. he will tell us more about the strategy to fuse function with fashion. look, google glass had the problem. they are very geeky glasses. they brought in a designer, diane von furstenberg to make sure they had frames that looked

a lot better. you're doing something similar with these watch, aren't you? >> we're having a nice designer back in paris. we look at wearable tracker, and see those wearable were not that wearable. we did not want to wear it for a long term. that is issue for those kind of devices. make the totally different approach from the industry and focus and take the time to design a high-end watch, a genuine high-end watch that happens to have all the tracking features you get into this size with screen and rubberband. david: let's show it, by the way. let's take a look at it. liz has one in her hand right now and cedric has one around his witch. it is similar but it's a brown version. why hasn't this been done before? i'm kind of surprised that the big tech companies didn't get into fashion. >> you should ask them. our, it takes a lot of time to really make a nice fusion between fashion and technology and again we took a very

different approach from the industry to designing smartphone and wearing a smartphone on your wrist. the issue nobody wants to recharge his watch, every other day. david: by the way you are from paris. do you think that has anything to do with it? maybe silicon valley people haven't quite caught up to fashion? >> i like to think about it, yes. we do not have to give up, you know, all wish to be elegant and at the same time get all benefits from tracking and being motivated by tracking your health. liz: here on the screen, it tracks activity, steps and things like that. monitors your sleep. also works an as alarm clock? is it battery run? how much does it cost? i hold it up. this is little thicker base and face here. so obviously there is a lot going on right in the middle of this. how does it run? i don't see a point where you plug in to charge a computer. >> you do not see on this device and will not see a plug because

it is running on battery for full year. very first time. it happens to track activity. wakes you up silently in the market. knows whether you're running or sleeping. liz: retail for how much. >> 390 usd. david: that is not bad, $390. let's ask liz to be a model, not with this watch but the watch she has on. liz: a bit cumbersome. david: this is rolex. we talked about the high-tech companies not getting into fashion. how about companies that focus on fashion. what is to stop a rolex or long genes or something like that to get into a smart watch -- longines. >> rolex to go into fusion device will have challenge to make relationship between the technology. what we bring home in the tech space is really being genuine

but doing high-end device. high-end glass and leather. david: do you expect rolex and high-end watches to get into the smart watch? >> i'm absolutely think this is officers of its kind of true watch that happens to get all the motion sensors, yes for sure. liz: i want to show yours. it is slightly different than the black band one. this has sort of a herm mess feel to it with the saddle look comparatively. there are many ways to build upon this design, correct? colors? >> first again of its kind. given feedback we have on this product. for sure you see nice marriage between fashion and technology. liz: good luck. david: four hundred bucks. that is not bad. really not bad at all for a watch like that. thank you for coming in. >> thank you very much for the presentation. liz: also keeps time, david. david: by the way. liz: simple point. david: i like vibrating alarm around my wrist. nice, easy way to wake up. liz: withs is the company.

david: imagine watching wildlife in world's most exotic places without ever leaving your desk. we'll tell you how coming next. liz: we'll show you one of the world's most out of this world selfies, taken tens of millions of miles away, when we take you "off the desk." ♪. [ laughter ] smoke? nah, i'm good. [ male announcer ] celebrate every win with nicoderm cq,

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on the exhilarating c250 sport sedan. but hurry, offers end soon. share your summer moments in your mercedes-benz with us. david: time to go "off the desk" and sit at your office desk and wishing you were somewhere else? come on. you can go anywhere anytime right from our own desk or your couch with 75 hd cameras streaming live footage of nature from four different continents. explore.org allows to you travel to the pacific. see baby pep begins and fish swimming in cayman island and

osprey in main. this is funded wholly by annenberg foundation grants. i love this. gerri: me too. better than the yule log. also "off the desk," has can's mars curiosity rover spent exactly one martian year or 687 earth days on the red planet. the robot decided to snap a selfie to celebrate. the self if i is composite of pictures taken by the robot throughout the year. that is so school! that lander es primary mission to see whether the plan wet as table to sustain life. according to its findings definitely possible. david: that is selfie i'm really interested in. we've been asking you on facebook or twitter whether you think we're headed into another recession based on revisions of statistics in the first quarter. there has been a running theme. brian and shannon say we don't think we ever got out of the last recession.

liz: guess what? time for "the willis report." gerri is rocking up and getting ready for the show. you took a wild in order to teach our viewers how to restart a stalled car while speeding down the highway. you need to know this. gerri: that's right, liz and david. it is an important story. we have simple, simple solution if your car stalls out that you can fix it even if driving on highway at 50 to 60 miles an hour. we'll tell but that. whole foods caught red-handed overcharging customers. we'll tell you how they did it and what you should look out for no matter where you shop. aereo loses its case in the supreme court. each side says it is a big win and big loss for consumers. which is it? a great time to take a cruise. deals are hot and so are the destinations. we've got your guide. "the willis report," where consumers are our business. starts right now. gerri: we begin tonight with a solution for your bottom line. with tensions in iraq fueling more pain