we saw that throughout the day. [closing bell ringing] >> talking to traders on that. liz: bells ring on wall street. david: they do indeed. as we go into the end of the session it was about triple digits to the downside the looks like it will be a bad day but not as bad as it could have been. markets climbing wall of worries even worry about war in the middle east. there is also worried about war in europe. what will happen between russia and ukraine. despite the worries there were significant gains on the market. stocks like overstock, which we didn't have a chance to talk about, posting nice gains as a result of earnings season. overall intoday sees were down. none down more than half a percent. the biggest loser today was the s&p index, a busy day coming. we do have earnings on this day. "after the bell" starts right now. liz: zynga, vcs, news corp., all

the numbers coming out --cvs. let's get into today's action. bernie williams. bernie says u.s. stocks are overpriced. he will us where you may want to look for more reasonable valuations. along with john buckingham, al frank asset management chief investment officer. three stocks he says investors can buy for cheap which rips off what bernie is saying. alan knuckman live from the cme, the pits right there. this was catching our eye in the last couple minutes from the 3:00 p.m. show. we saw the 10-year at 2. 41%. david: wow. liz: just as the markets were falling. it ended up settling around 2.42 but what were the guys in the pits saying there? >> well from my perspective, you can't have it both ways. you can't be concerned stock market goes down and interest rates go up. that was talk last week. now we're concerned interest rates are too low. you can't have it both ways. what is important we found support at 1900 in the s&p.

the market trade the 1800, 1900 for two months. the vix made new highs even though the market made new lows for the third consecutive day. that is a positive sign. we'll see if we build from here. david: bernie, you think the market is currently overvalued and why and how do you compensate for that? >> we do. think the u.s. market has been a beneficiary from the flight to safety from the rest of the world. along the way valuation has creeped up to higher than normal averages if you will. so we're slightly underweight the u.s., not out of it totally. we do acknowledge, obviously the economy is improving but when you look around the world, emerging markets have been really beaten down over the last several years. from a valuation perspective, which is important as starting point for future returns, we think em provides more opportunity down the road. liz: okay. that leads me to john buckingham, cio at al

frank. john, where do you look at the market at this point when, yes, we did as alan said hold resistance above 1900 at 1909. some were thinking we would end the year at 1950 for the s&p 500. that is long way to go from here. >> volatility is normal, liz. we're talking about 100-point move in the dow and people are starting to get nervous about that. if you think about percentage terms it is not very great. we have not had any kind of correction since 2011 to speak of. we had a pullback in january. having a little bit of a pullback now but this market is proving to be really resilient. it freaked out a lot of bears along the way. the fascinating thing as we've had this small decline and we've seen the bears and doom and gloom crowd come out of woodwork. sentiment is getting negative which being contrarian investor i think is positive. i'm happy to see a lot of fear. a lot of articles about 20%

correction coming. i don't see a 20% correction coming. i like it so many people are nervous out there these days. david: alan, we talked about bond as flight to safety. that is why interest rates are so low there. what about gold? gold is on a run. it seems to hold on to its gains. >> it is holding, maintaining 1300 level. you want to watch that on weekly basis is. i look for it to appreciate in the long term. 1450 is a longer term target. i think recent strength in the dollar is holding gold back right now. so if the dollar safety can unwind a little bit, that can aid gold. a lot of these commodities depressed with the stock market coming off a bit. i agree with your last analyst here. i think this is another opportunity and if you look at it technically, the selloff from the highs 1990 to spx to 1900, targets 2070. that is 8% move to the upside if we make new highs. liz: let's get cvs earnings. a beat on the bottom line by quite a bit.

they came in 78 cents, versus expectation of 71 cents. cbs. revenue came in 3.19 billion. the expectation was 3.24 billion but they're raising their quarterly dividend per share from 12 cents to 15 cents. cbs is saying quarterly revenues pretty much look good here. they're proud of this. analysts wonder how they will replace a hit show. this classic of many networks, hit show, "how i met your mother." neil patrick harris big star when it comes to prime time at least. they have to figure out how to replicate that success with something else. last trade for the session was 56.90. they're now at 57.34 for the bid, david. david: one of the things we'll look at there is advertising revenues. last quarter they decline 12%. really big decline in advertising revenues this quarter we'll wait and see how those numbers come.

alan, by the way a lot of news in media stocks past couple weeks. what do you think of cbs? >> this stock is at important support level. buy from reward to risk standpoint. 56 is a key level. it is trading between 56 and 66 since december. it held support four times. so i want to lean on this you can buy a 50 call for march. break even is $1.50 higher. play this for long term. i like media for consolidation to continue. that makes everybody have more value. liz: media sexy, but copper, copper is hot. bernie williams loves -- i'm glad. i have copper hair, bernie. you like rio tint know among some other names you called in for us. royal caribbean as well. these are two very interesting names. copper has a tough road ahead of it. we have very murky outlook for the global economy. >> yeah. there have been a bit after commodity wipe out with this great recession but rio, importantly is a low cost

producer. most of their revenue comes from iron ore. they have been reducing cap-ex. they greatly reduced their outstanding loans. they have a 3.7% dividend yield. they announced they're going to become very much more shareholder friendly. this is company relatively cheap, great dividend yield and they're a low-cost producer in the industry. so they're a survivor and can prosper even in this sort of slower environment. david: by the way, john, i love your variety. if you want to know how optimistic john is, look at stocks he is picking. one an offshore drilling company, home company and retail. you have all bases covered here, john. >> well, that's the idea. we've done very well over the last few years. we're up 40% last year in our newsletter, portfolios, prudent speculate tomorrow. you want to look at things that haven't performed that well. areas you mentioned have been out of favor so far this year. but you have quality companies in an ensco, dividend yield over

6%. still really profitable. same thing with mdc. great balance sheet in the housing area, another generous dividend yield, 3.8%. we love dividend in our strategy. target which has been beaten up really heavily lately. i'm trying to give you some idea for someone who might want to take advantage. david: quality companies beaten down in values. there aren't many of those. liz? liz: i guess not. alan what is happening with the markets how important is it to follow the big headlines that come out versus looking at earnings? alan? >> if you're asking me the question is always about earnings. that is what drives the markets and that the fundamental reminder how well the stock market is doing. i talk constantly about the economy and stock market are two distinctly different things and people get tied up more in what the economy is doing than how stocks are performing. fundamentals haven't changed in stocks. like you mentioned 75% of stocks so far reported came out with

beats one way or another. liz: okay. bernie williams, john buckingham, alan knuckman, we'll come back for the s&p futures close in just a minute. investing like a billionaire just got a whole lot easier. in fact it is simple as buying a an etf, an exchange traded fund? which one though? we have got the details straight ahead. david: also it is the best-selling vehicle in america and getting ready for its biggest facelift ever. we have exclusive behind-the-scenes look at final testing, have you heard about ford's new aluminum f-150? yes indeed. jeff flock is right there. liz: the debt deal between time warner and 21st century fox dominated the conversation. are we looking at wrong companies in the media space? tax inversion, what should win out, pate tritism or profit? we have got answers to those questions and much more from the man with 49 billion in assets

under management and different way of looking at things. mario gabelli, gamco ceo. david: smartest buy in the room. will the dow be back at 17,000 by september? lot of people think maybe now the time to get in before that happens. what do you think in 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 in real time. ♪ the shell brought him great fame. ♪

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liz: $2 stock going down, zynga reporting earnings just moments ago. it is not earning. it's a loss. shares are sinking right now. david: nicole petallides will tell us how far they're going and how much further they may be going. nicole? >> right, dave and liz, we saw the stock down over 7%. we'll look at bid ask. the closing value was 2.92. the bid ask range is in the 2.55 range. i don't even know where to start? should i start with daily active viewers? monthly active users? how about they both were a miss? that is not good news. going forward they're giving outlooks going forward that. too is a miss an revenue and earnings per share. they had delay launches of games, new games, right? we know farm bill and such. -- farmville. everybody is waiting for new

games. this is interesting piece of news. they entered into a sports category and licenses agreement of national football league of nfl players and also tiger woods. hopefully they're building their brand and working on it. meantime they have a new ceo come on board. it is a loser this year, down over 20% this year. right now in the after-hours, after missing across the board on the monthly active users, daily active users and giving us disappointing guidance they're really a miss today. we've seen it down, oh at one point it was down 11% in the after-hours. david: really a mess today. we'll quote you on that, nicole. liz: interestingly an up-and-comer. yesterday glu mobile, kim kardashian hollywood game? that was up 3%. david: there are some winners. zap futures are closing. -- s&p futures are closing. head to alan knuckman in the pits of cme. alan, does the doom and gloom continue tomorrow? >> we're closing at the lows. down only 11% on the day.

1905. right now, we're less than 3/4 of a percent lower than the close last friday. keep eye on vix. the vix at 16 is the midpoint of the high and low of the year. keep and eye on that. we did not make new highs on the vix though we made new lows on stocks. that is very important. david: could be worse. alan knuckman. appreciate it. liz? liz: our parent company twenty-first century fox withdrew its offer for rival time warner, abandoning plans to create one of the world's largest media conglomerates but there could be a new deal maker in the media space we should pay attention to? joining me mario gabelli, of gamco his firm owns a large stake in 21st century stock and time warner. >> we do. we have a lot of media companies. we like content and distribution and dealing with mass markets and rising middle class of india and china and mobility which gives you there smartphoneed need for more content.

liz: they have got it all. you have 3.4 million of time warner. even more of twenty-first-century-fox, 10.6 million. did you want to see the deal happen. >> we like the company next five years. using cash flow of $6 billion buying back stock. if you take a $35 price that is 150 million shares. there are 1.5 billion of the news corp a, that is what they're focused on. that is nice shrink. liz: it lost 11% after it announced it wanted to buy time warner. time warner dug in its heels to change the company bylaws. >> that is technical because of arbitrager pressure and shorting news corp and buying time warner thinking they get relationship of that stock. part of it was the fact, hey, does this make sense? will he pay up and use financial flexibility. liz: i love when you speak french. arbitrager. >> i know you love it. liz: who are we missing? everybody is talking about fox and time warner.

is there a play another media space because nobody knows better than you who we need to focus on that may make a sneak deal. >> that is lot of companies out there. discovery was trying to put its arms around scripps. there was reasons it wasn't done. you want to take your content to go global. one company i would think about is in japan. shinzo abe, saying to the company, let's get aggressive and let's cut costs and let's get profitable. sony has great content. they have an electronics business. they have a financial services business and then they have music an entertainment and, liz, those pieces are worth a lot of money. liz: they also have, they also have activist investors circling around. >> you know, it is tough, japan is different. you don't use the elbows the same you can here. liz: not viacom. interesting. >> sumner redstone and viacom is clearly a participant in global marketplace. they're buying stock back. when they spun off cbs they had

700 odd million shares out. they are now down to 420. liz: right. >> my clients that own voting stock are getting higher ownership without me putting up more money. that is very good. liz: interesting you're talking about sony making a deal. if were american company suddenly everyone talks about tax inversion. which is fancy way of saying let's merge with a company overseas to get their lower tax rate. >> that is different than sony. sony is only 11 billion-dollar market cap. it is kind of a minnow. it has a lot of value. within context of tax inversion, last time we did a complete overhaul the u.s. tax system was 1986. we have to look at all the things crept in. liz: we're "waiting for gadot," mario. everybody talks about it and but nobody does it. >> election coming up in 84 days in the united states. we'll see what happens in 2015. we have to dress the fundamentals, not 102 fever but what caused 102 fever being inversions. from inversion point of you and

i owning a american company going offshore, we pay tax to the government on day one. secondly, not much happens on cash basis of the you still pay in the u.s. liz: walgreens got hit very hard yesterday. >> wasn't that wonderful? liz: i love boots. on every corner in london. they could have made their headquarters overseas and gotten a lower tax rate. they said no. is the reason that their stock went down simply because people didn't like they were giving the opportunity for inversion? >> they had the flexibility of doing it? the owner lives in monte carlo and take all stock whereas kkr is taking all cash. they have about 22% of the 1.1 billion shares of walgreens. i'm not an expert. our team jeff jonas knows it well. earnings had a little bit of concern because of margin erosion. liz: it wasn't just that is what i'm saying? >> no it wasn't. but that was an element because speculative interest in part at the margin there. they basically said we want out. meanwhile the stock got down to

$59. we're 950 million shares, liz. boots tieing in in february which already preannounced two years ago, they had the right to do this, this is very attractive stock. liz: it's a buy you're saying maybe? >> no. for our clients it is not normally what we do but we bought some yesterday. liz: what are your favorite names right now. >> there is a lot of areas we like. for example in the heavy-duty class a market, big trucks in the united states, navistar. that will have a potential 50% plus, dana which sell parts for both trucks andstock, 50%. i also like fox and i also like time warner. liz: both? >> oh, a slobs lit i. 50% up on fox. -- absolutely. fox can double next three years from five years to here. continue to stay on course buying back stock and using cash flow. they have great deal of visibility in terms of outlook but so does jeff bewkes. liz: can't let you go without asking about berkshire.

you've been a long time berkshire hathaway holder. it is a book called, berkshire after buffett. when he is not running it anymore. >> sumner is 93. liz: buffett is -- >> 83. liz: 84 in a week. >> not what you're used to be. within that framework here is a company that has basically managed cash flow extremely well. berkshire at $191,000 a share is not as much of a bargain as last year we still like it. liz: 194,000 today. >> there you go. who is counting? liz: good to see you, mario. >> best for me to see you. liz: super mario gabelli of gam co. thank you very much. david: 83 is the new 60, right? liz: definitely. david: up and away for the airline industry. we'll be asking orbitz worldwide ceo how his on line travel business is benefiting from the improving economy but how it could be hurt by russia and the middle east. also, want to know names of some biotech stocks that could

skyrocket, at least 100%? we have details. some wall street research that could surprise you. ♪ >> coming to you from -- ♪ music

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works anywhere in the house. even in the garage. max what's going on? we're doing a tech startup. we're streamlining an algorithm. what's grandpa doing? hi... sssh, grandpa you don't want to be an intern forever. sorry dad, we have to get back to work, we have a deadline. we're going public! [cheering] the fastest in-home wifi for your entire family. the x-1 entertainment operating system. only from xfinity. david: time for a quick speed read of some of the day's other stories. five stories, one minute. first up, moscow blocking agricultural imports from western countries. of course this is response to the u.s. and e.u. sanctions imposed on russia over the crisis in ukraine of the russian ban will last a year. pinterest adding direct messaging to its mobile app. users will send entire boards or user profiles to friends and have group chat up to 10 people.

netflix ceo reed hastings saying country's subscriber revenues passed hbos. the on line content streaming company reported 1.46 billion in revenue versus hbo's 1.14 billion. the federal bought biggest contractor for conducting background checks was hit by a cyberattack. u.s. investigation said federal law enforcement is investigating the incident. google and barnes & noble teaming up to take on amazon. the two companies unveiling same day book delivery service in manhattan, west los angeles, and san francisco bay area. that is today's "speed read." liz? [buzzer] liz: david, ford is pulling out all the stops to make sure the brand new version of the nation's best-selling vehicle, the f-150 pickup truck -- david: that is jeff. liz: oh, my god. why is he doing that? well, it is part of getting ready to launch this truck this fall. remember it has all new aluminum body, not one made of steel. why is jeff doing that? david: i would pay a week's

salary to do that. liz: that is part of the testing in the ford wind tunnel. that is so cool. jeff flock reporting usually sweeps us off the feet but sometimes tables have turned. he was swept away in testing facility to go skydiving indoors. david: taking to the wind again at the ford development center in alan, park, michigan. jeff, you know what those pictures were. you get paid for having fun that i would pay for. liz: cool. >> we turned the wind off for this hour, too. just so we could have a nice quiet discussion with somebody who is daredevil her seven. we're introducing you today, exclusively to the people behind the f-150, who developed it. who knew that the person who developed a new system to tie stuff down in this vehicle is a woman who doesn't look like this would happen. >> well, yeah. that was me. >> what did you develop and, show me how it works. >> this is box link and it is additional tie-down. so all the trucks already have

four thai-downs. so we added four more. now there is eight. ask the customer would you like? they always say more tie-downs. >> show me how it works. >> one-handed operation. pulls in and pulls out. when tough in you can try down with straps, ratchet straps. when you have it -- >> pretty much use this for anything? >> yeah. when you have it out, you can use e-track. most people who -- >> commercial application, right? >> they have this e track system already off the shelf. have it in the trailers. >> you have incredible background. your dad designed big trucks for ford. you got involved in the program. trucks have been your whole life. >> trucks are my whole life. >> my dad did the ford heavy truck in the 90's. >> how important is this truck to ford, the f-150 all awe aluminum. >> it is most important vehicle we do and the most important customer we have. the f-150 customer is part of what fuels america, right? moving cargo, moving, you know,

your life. you're and in wintertime you're moving snowmobiles and summertime you're doing construction. >> this the trucks are your life in america. i leave you with the pricing for this. this is the larry i can't think model. -- lariat. they tried to hold the price down even though aluminum costs a lot more but ford is holding the line. this comes out in the fall. exclusive first look here at the testing. we had wind testing, aerodynamic testing. fascinating vehicle and fascinating to meet people behind it. who knew this young lady responsible for making this truck ford tough. liz: rock on. david: coolest women i met all week. absolutely. >> me too, totally. david: good stuff. thank you very much, jeff. apfares consumers said good-bye to winter doldrums and hit the road in the spring. that is great news for orbitz whose shares are up 24% for the year. will the good times continue?

a lot of trouble may hit into the tourism business. we'll talk to ceo about earnings and outlook coming next. liz: if you can't beat them, join them. in this case, invest like them. we will tell how you can easily invest along with the world's top billionaire. ♪ people with hearing loss. what i'm about to tell you could change your life. does your hearing loss have you feeling left out? are you finding it harder to hear the tv or telephone? are you afraid you might not hear an alarm or intruder? if left untreated, your hearing loss can get significantly worse. a recent johns hopkins study showed that hearing loss can lead to more serious issues, including dementia. it's time to call hearusa and get a complete hearing checkup -absolutely free. and, aarp members receive expert advice and can purchase digital hearing aids as low as $795 each. i sure wish i hadn't waited so long. i hear so clearly now.

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with biotech stocks, they are up about 23% over the past 52 weeks

but they have come under fire from fed chair janet yellen who said their valuations were quote, substantially stretched lately. even after that criticism, there are four biotech stocks where analysts see, are you ready? 100% or higher-upside move. first let's look at them the arrowhead research. analysts expect the company to release a drug for chronic hepatitis-b in the third quarter. the price is expected to hit $28 a share. right now it is at $12.05. up next we have intercept pharmaceuticals, ticker symbol, icpt the company currently ranges in the $222 a share range. analysts a at needham have a huge 500-dollar price target on this one! with success in pancreatic cancer treatments which can be aggressive, they expect to see shares of merimac shares. jump. they're only $6.26. a favorite among hedge gist, hedge fund and institutional

accounts, elipsa. it is expected to jump 120%, david. relypsa, news you can use. the online travel site missed wall street estimates on. >> per share but beat on revenue. despite mixed results orbitz is forecasting higher than expected in the current quarter. so what did today's numbers tell us about the strength of the travel industry? ing me barney harvard, orbitz worldwide ceo. barney, thanks for coming in. why are bookings up so much? they're up 9%. >> we had strength in book, up 9% and room rates, most important metric up 20%. that is driven by strength across all of our businesses. our consumer brand around the world and our b-to-b business. we're seeing strong performance and we're very happy with the quarter. david: surprises me with all the world conflicts, you have

violence in the middle east, you have problems in europe. i had a plane getting shot down for god's sake in europe and hundreds of flight cancellations as a result of some of these problems. flight delays, really pee a lot of -- p off a lot of flyers and cancel flying plans. >> it is globally diversified flying base we have and travel is extremely resilient industry. you're right, there have been number of disruptions over course of last couple months, demand has stayed strong. we're looking forward. we're seeing a strong demand environment for travel in particular. david: you have the numbers to prove it. are tourists spending more when they go out on vacation or less? >> what we're finding is that with the loyalty programs that truly are the heart of the consumer brands that we have, we are giving consumers thible to get more for less. we're allowing them, when they book airline tickets, when they book hotels to earn or bucks. we have european brands,

ebookers, equivalent program based around bonus plus and cash on cheap tickets. when they make reservations they earn the currency and use it begins future hotel reservation. that allows them to get more for less. david: by the way you're adding dining to the loyalty program, right. >> yes. orbitz customers get $5 back in orbucs. when they dine at 11,000 restaurants we launched. if you have visa card you get 7% back. a great way -- david: there are some companies, not an exact parallel with what you're doing, groupon is not doing so hot recently. i'm wondering if you're concerned about that? >> i think we've got a very different model. we're very focused on travel. we're focused making her consumers have incredibly easy to use experience. we're majorly focused on mobile. we're generating 30 1% of our hotel reservations through our mobile channels. and that i think, as consumers move towards these devices they

want something which is easy to use and simple. david: all right. competition, i'm looking at priceline and what priceline is doing. by the way they're working with somebody you used to work with, kayak. they just bought kayak software for 1.7 billion. they also spent 500 million on chinese website involved in travel business. are you thinking of doing the same? >> well, they have just made a minority investment or path to minority investment in c-trip, one. online travel players in china. you know i think that, corroborates our thesis that the china outbound market is incredibly exciting. david: so you are investing more money into china? >> so we launched hotel club which is our hotel only brand. we launched a chinese version. we have a team on the ground-based out of the shanghai. we are aggressive going after that china outbound market. we think priceline move lines up with our perspective, very exciting growth opportunity.

chinese, 100 million outbound travelers today. by 2011, 200 million. a huge growth opportunity. david: barney, thank you very much for coming in. ceo and president of orbitz worldwide. come back soon, liz. >> thank you. liz: i think i know the answer to this but do you want to invest like billionaires warren buffett and george soros do? it has gotten a whole lot easyier to match their investment strategies. we'll tell you exactly how to do it next. plus hawaii is bracing for the first direct hurricane hit in more than 20 years. in fact there are now two storms heading for the islands. we have the latest on the storm's path coming up. can you guess which city ranked as the coolest place in nerc? david: new york. -- america. >> one of the cities on your screen right now. we'll tell you the answer next. ♪ [ male announcer ] hands were made for playing.

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david: washington, d.c., home of our nation's capital, our congress and all the political conflict that goes with them, maybe known to many as city frequently lose its cool, according to new ranking by forbes, the d.c. is the coolest city to live in across the whole country. according to "forbes." i yu up there. i disagree. "forbes" says d.c. has a lot to offer residents, museums, national mall, sports venues, nobody cares about the nationals, redskins people care about as well as growing population of young people and lot of new yorkers as i said and

calfornians as you hear liz saying maybe wondering how the rankings were determined. "forbes" considered factor like cultural makeup, number of restaurants per capita, entertainment options and population growth. rounding out "forbes" top five coolest cities -- seattle, washington, houston, texas, new york is not even among them. liz: l.a. too. david: that is ridiculous. i love "forbes." "forbes on fox" great show, however they're wrong on this. liz: investors are constantly trying to mimic the investment strategies of billionaires like warren buffett, george soros, carl icahn. david: what direction and i-billionaire index teamed up to launch the i-billionaire etf a week ago, making it easier than ever to invest like a billionaire. is this the right etf to help you follow strategies of billionaire investors? we have direction president, brian jacobs. congratulations. it is so early to judge anything by the stock movement, just the past week. however, let's put up if we can

a five-day chart what has happened to this etf. there was a pop on monday, a big spike, no, no. okay. there you can -- you can see it on monday. looks more dramatic if you look at one-day example. what happened there? why did it spike on monday? >> it was a bit of an anomaly. we had number of order put in right at the open. generally etf investors, they don't, they wait a little bit of these orders came right in. we were ringing opening bell on new york stock exchange. maybe somebody was a little overenthusiastic, put orders in, it spiked, immediately came back four or five minutes later. liz: talk about how you mimic what the billionaires are doing. >> right. the direction investment i-billionaire fund is strategy what we attempt to take, take some best idea of very wealthy, very successful investors and put them into an easy to use etf. essentially what happens is, we'll look at the 13-f filings

and index will look at that and also consider the really, the 10 top financial billionaires in terms of what they're investing in. they will go in and look at most concentrated holdings. from there, extract the list of 30 highest conviction equities that they have. these are s&p 500 stocks. david: why only 30. >> we think that is the best possible composite of the index. we looked at larger indexes, looking ad smaller, we think 30 gets the right number. liz: let's get to some of the 30 names. we can start putting them on the screen. among them you have names that might be a little volatile. micron, technology, we love these buys, but they are very roll tile. you get better opportunities to see consistent growth like google or apple. you have priceline in there. you match up what soros or a buffet has owned and put that in there? >> that is really interesting. what we're looking for, you really look at the 13-f filings of these wealthy investors, and

what we're trying to do is really learn from their patterns much the view, if investors invest in s&p 500 stocks, large cap stocks maybe there is something to be learned from successful investors. david: the weightings is the same? >> yes. what they're doing is looking at those high conviction stocks those wealthy individuals are buying, putting them into portfolio in equally-weighted portfolio. 30 stocks, equally weighted, rebalanced every quarter based on the 13-f filings. david: by the way we had hedge fund reporter on from the "wall street journal" yesterday, he said the reasons he watches the hedge fund because they do so well during a downturn. in great times like we had over the past year, maybe they equal the general, the general spdr fund but in down times, that is the way to save your money. >> you know when we looked at the back testing, we went all the way back to 2007, since that., of time, this -- period of time, this strategy outperformed s&p by 500 basis

points n shorter time, the number is even higher. i expect a similar beta or risk with s&p. through this back test we looked at the performance was much better. liz: quickly, is there minimum you need to put in. >> this is etf. liz: whatever you want? >> 100 shares or as many as you would like. david: you too can be a billionaire. >> yes you can. liz: or invest like one. brian, great to see you. brian jacobs. >> thank you, liz. david: one man takes expensive clothing to a whole new level, wearing a shirt made of pure 18 and 22 karat gold in hopes of setting a new record. we have details, the golden details next. liz: hawaii braces for the first hurricane impact in 22 years as heavy rain and strong wind head straight for the islands. we have the latest on the strength of those storms, next. ♪

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event. only three have made landfall there since 1950. david: let's head to fox news's rick reichmuth for the very latest on the two storms. rick? >> we've never even had a tropical storm of any kind hit the big island of hawaii, believe it or not. that is likely to change over about the next 60, seven hours. you can already see the rain bands coming on in much a last little image, center of the storm getting closer to the big island. all the island will certainly get rain from this. but the big island we're concerned about strongest winds and heaviest of the rain. we have serious elevation here. when you think about all the hurricanes that we generally deal with across the eastern part of the u.s. or across the gulf, all of that land is very flat. not the case around hawaii. up to, over 13,000 feet elevation mountains there the higher up you go in the atmosphere stronger winds. if we're expecting winds at 80 miles an hour at the surface along the coast, the wind could be significantly higher, in excess 100 miles an hour higher

you go. there are a number of people who live 1000, 2,000 feet up this mountain. they will get enhanced rainfall. and threat of mudslides. this is the latest satellite image. still a little bit ragged but there is new burst of storms here. that is where strongest of winds are i think that will barrel into hil opt, the town on the big island of hawaii. all islands seeing some rain. some areas up to foot of rain of the as you mention it, two storms are out there. another one, julio, right behind it, at this point it looks like it will track further to the north. so maybe some of the northern ward islands like oahu dealing with more rain by the time we get towards the weekend. david: by the way, the east coast hasn't had a lot of global warming this summer. it has been a pretty cool summer. i wonder if that portend anything about hurricane season lear if. >> i tell you, a lot of northeast at least has been typical what summer should be like. been up last couple summers. we had two hurricanes in the

atlantic. one making landfall in the outer banks. i do think all the projections are below average season across the atlantic season which will be great news for us again 24 year. david: okay. another below average season? >> sure hope so. david: thanks a lot, rick. when you wear gold you might think of putting on some news julie perhaps. one businessman took idea of wearable gold to entirely new level. this is fun stuff. details coming up. liz: what is in a name? apple and samsung are huge rivals. so what happens when your name is sam sung and you have a job at apple? david: oh, no. liz: we have that story next. ♪

when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.

>> you may remember yesterday we had on a drug company that had an ebola drug that they wanted to have fast tracked.

we're getting word from the faa there is going to be action that will enable tkm ebola. tekmira is the company. on patients infected with the ebola virus. that is good news on tekmira pharmaceuticals, which after hours, the trading on this stock has been halted because of this news, liz. >> stay tuned tomorrow and see how it opens. off the desk, everybody appreciates a beautiful gold necklace or gold ring. what about a gold shirt? indian businessman was spotted strolling around wearing this through mumbai in a pure gold shirt weighing 10 pounds. the shirt is spun from pure 18 to 22-karat gold, cost him 211 million dollars. he traveled around mumbai with detail for obvious reasons. he got the shirt in honor of his 45th birthday.

hoping extravagance will land him a spot in the "guinness book of world records." >> nobody believes it's world. samsung, a man named sam sung did work for apple, he is working to cash in on the irony of this. sung, a former specialist at apple stores in canada is auctioning off his business cards. samsung-apple to benefit the children's wish foundation. current bid is $50,000 and quickly climbing. the lucky winner will not only receive his business card but sung's old uniform and laniard as well. the number one thing to watch tomorrow is the markets of course. all three major indices are poised to end in negative territory. if the dow closes lower, it will be the third straight week of declines, longest weekly losing streak in a year. >> are you looking for more investment advice? stay on fox business. tonight i'll be filling in for

charles payne on "making money." we're going to talk about a high-tech brick and mortar deal, google teaming up with barnes & noble to take on behemoth amazon. going to be a lot of fun. >> meanwhile "the willis report" is next with cheryl casone. >> you had the breaking news about bank of america. our question tonight, i'm curious what you think, should somebody still be going to jail or is it the shareholders suffering? >> somebody should go to jail, a politician who signed off on all that fannie and freddie was doing. focus on the public sector, they have a lot of responsibility. more so than the private sector. >> guys, thank you very much. i am cheryl casone in for gerri willis. fiko changes the way it calculates your credit score, we'll tell you about that and who can benefit. not just you but other folks.