alone. they added subscribers. david: the dollar just popped tremendously today. [closing bell ringing] all that because of what happened in europe. the european central bank will buy a lot more bond until they get over a trillion euros. that led what you see on the screen. all industries well into the green. 1% is about ad badly as indices did today. that was the dow jones industrial average up 205 points. nasdaq up a little more. small and medium size stocks, represented by the russell 2000 up over 2%. huge gains for the market. volume is strong. big day for the markets in general. "after the bell" starts right now.

david: this is the biggest rally in two weeks. plus we have a news conference from tom brady on the patriots grow growing scandal. that is at bottom of the hour. liz at world economic forum. what is coming up, liz? liz: david, yesterday you may remember i showed you about the newspaper headlines, faken shock. about the swiss franc. this is the a german newspaper. that in essence says the billion dollar gift and the basic focus of the story says, that the very country that has been against this kind of stimulus package out ecb, that would be germany, will be the beneficiary because their expert ports will become cheaper. new zealand prime minister is coming on fox business this hour. he says, forget about mario draghi. it is all about federal reserve

chair janet yellen in the united states. he believes he has to wait for his country to tighten rates until the u.s. starts to tighten rates. interesting perspective. bain capital managing director and co-owner of the cell ticks on the big -- celtics on the big international push to land the summer olympics squarely in boston. all that this hour on "after the bell." david, back to you. david: as liz mentioned this is clearly ecb rally. mike sorrentino, chief strategist, he thinks the ecb bond buying will not fix europe's problems. mark tepper, strategic wealth partners founder and president, still sees he is very bullish on markets. he sees oil as a problem. alan knuckman in the pitts of cme. alan, i want to start with you. i'm quoting you were expecting a muted reaction to the markets from the ecb. this is anything but muted, do you agree. >> well, i think this is looking

forward. the reaction was very muted. we were much higher, came back to unchanged. i view this as positive being a resident optimist. once the s&p got back to the midpoint from the all-time lows to last week's lows it kept going an going. if we have full recovery we could see a move up to 2200 in the s&p which is 7% higher. david: mike, this is spectacular reaction, what the ecb did. much more than everybody thought. you think this is flash in the pan it, will not solve europe's props. explain. >> that is absolutely right. compare with the ecb with the fed several years ago. our interest rates were much higher than in europe. there is not much more than they can go down at this point. frankly that is not the problem. if you look at civillic issues in the europe's economy, a lot of it has to do with unemployment. like qe did not solve unemployment here in the u.s.,

and will not help them with 50% unemployment across the eurozone. david: mark, will european problems boil over in our markets? >> i don't think so. if they are really going to boil over, it will affect, especially rollout of this quantity kwan package, i would expect multinationals will take it on the chin a bit. obviously, you know, the eurozone is a, there is a huge economy there that could potentially disrupt the u.s. markets but we have a pretty strong economy here domestically. that is one of the big things going on right now. there is a huge divergence what we're experiencing economically here in the united states versus what's happening overseas and over the course of the next six months or so, we are concerned about market volatility. we're concerned a lot of eurozone issues could boil over and affect us next six months. i think we're pretty constructive where the market is 12 to 18 mon today. david: alan knuckman, we're a global economy. keep that in mind.

"wall street journal" had a piece yesterday about how p&g, johnson & johnson, avon, a whole lot of companies are beginning to have trouble selling their wares abroad because they're becoming more expensive. >> well, that's a good problem to have that our dollar has strengthened so much. to get back to your other guests, he talked about quantitative easing, that will get money flowing in europe. i think some of the worst days are behind it. if you look at price action in ewg, a german etf you see a bottoming base formation. i would rather be bullish from risk/reward standpoint to europe looking for us to pull it up a little bit, global economy continue to rebound from very low levels for some of these countries but i think there is more upside than downside. david: alan, i have to stop you mid-sentence. one of those companies selling overseas is starbucks. they came out with earnings. adam. >> 80 cents per share, david. street was expecting 08 cents.

street was expecting 4.8 billion on revenue. the company repurchased 3 million shares. the stock has 13 million shares available for purchase under the current authorization. i think this is what they used to say on that tv show, a damn good cup of joe. david: it is damn good for the stock after hours. you see a nice pop there mike, talk about the impact of the dollar on invets of the would you change your portfolio as a result of the strengthening dollar? it will only get stronger, right? >> i think so. this is trend going on for years now. to me, the way it would change my portfolio, if i found out one of the companies i own was not hedged properly i probably get rid of it because i question the logic behind the cfo and treasurer of the company. if they're not handling the stronger dollar more than likely continue i would likely change my portfolio. i would not change earnings based on impact of stronger dollar abroad. a lot of multinational corporations are exposed to

several different currencies at once. there is somewhat of a natural hedge there. david: talk about financials. they had one of the best days in about a month. mark, american express was down today. that was the one laggard. you pick ad stock, discover, in market watch they have an article, "best financial stock just got a lot cheaper" t was off 8%. it go better but off 4%. why do you like discover right now? >> we like the consumer finance in in yen. capital one, discover, are three attractive stocks. they have great valuations. they're trading well below the valuation of the s&p 500 and consumer finance stocks will really benefit from lower oil prices an also higher wages. so when you look at what happened to the price of oil and the cogs of gas at the pump the average american right now is experiencing a equivalent of about a 2% pay raise. now that 2% pay raise typically

will be consumed, not saved. so as consumer spending goes up the demand for credit increases and at the same time point in time since there is additional income default rates should decrease. when you have default rates going down and you have the demand for credit going up discover looks like a great play. david: terrific stuff, everybody. mike, bob tepper, and alan knuckman, thank you very much. it jumped another 8% today after record profits were announced. shortly after earnings were released i spoke with southwest chairman, ceo and president gary kelly about exactly what it is that makes southwest more attractive to investor by far than any other major airline. >> everybody company to be sustainable, to be successful has to be passionate about what they do and need to be good at what they do. our people love to serve our customers, it really starts there. we vin investment grade credit.

we have strong balance sheet. we have for, well over a generation and, that has served us well. we're a low-cost carrier. we're a low fare leader in america. and you put all that together, it is a very powerful combination. we had to transform lastfy years, 10 years with higher fuel prices but our folks have done that successfully and i'm just delighted for them. this is a great place for us to be. david: we'll talk about fuel, particularly your hedging of fuel which has been brilliant by industry standards but let me focus on the people a little more. there are two groups you talked about, customers and employees. you've been very successful. there are shareholders. there are three groups of people you have to satisfy when you run a public company. sometimes airlines, i think of peoples express famously, the don burr focused on employees and customers but the shareholders felt that they were given short-shrift. how do you, how do you get the shareholders to agree to stuff

that may not seem like it's helping shareholders? >> first of all i afree with you, they're all vital, they're all important and their interests don't have to be misaligned and we work really hard to make sure they're awfully aligned. it really starts where i suggested earlier it starts with a passion for serving and in this case we want to serve our customers, get them where they want to go. get them there safely, get them there reliably and get them there in a low-cost way. our employees are passionate about that. as leaders, we tried the best we can to take very good care of our employees so they in turn can take great care of our customers. that it just a will relationship. i think that is why bags fly free become so important because what employee wants to nickel and dime his or her customer? we work -- david: let me start you there,

gary. that is strange coming from a numbers guy. you are a cpa. you started with southwest as comptroller. then you are cfo. usually numbers guys want to charge more for baggage and snacks? well, you know, i certainly have those skills but i don't consider myself to be a numbers guy. i try to be a leader. and i, and i'm passionate about what we do at southwest airlines that is so iing our customers. we want to do the best job we can to create fans to love southwest airlines. >> one part of running an airline where your numbers history does help is dealing with fuel prices. as you mentioned they have come down quite a bit. that helped airlines a lot. hedging on fuel, you guys really pioneered it. are you buying a lot of oil now that it is so cheap? >> well, we, hedging is in place in my opinion, to protect against catastrophic increases

in cost increases that would render us unprofitable and really risk our futures. so, now, we've got prices that are well below what we have transformed the business model to support. so, it is very speculative right now in my opinion to try to go out three months, six months, 12, 18, you name the time period, and pick a price that you think is reasonable because there is so much volatility in the world. we've got a very nice cushion in terms of our profitability. we have unhedged ourselves in 2015. we have moved our hedge down in 2016 and 2017 to 10% and 30% respectively. so we'll be looking for opportunities to increase that but right now i think it's very speculative to try to pick what that price is and because prices could go up or down from here. it is just a very volatile

environment. david: gary, very quickly if you can, i'm getting a wrap, with all the extra money or capital coming in from the capital markets are you expanding? are you going to buy more airplanes, are you going to be expanding reports quickly. >> it certainly presents an opportunity for to us consider that. we have not changed our expansion plans and won't change them for 2015. david: and our thanks to gary kelly, southwest airlines chairman, ceo and president doing one hell of a job. coming up 12 million americans have a five 29 college savings plan. now the president wants many of you to pay taxes on those plans when you cash out. but didn't you start 529s to avoid paying taxes on your kid's education? co-owner of the boston celtics is here to tell us why the olympics could be headed to boston? 2020. we're awaiting a news conference from patriots quarterback tom brady, whether he was involved in inflating the balls.

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david: the president's grab bag of cradle to grave services he wanted the government to provide comes at a cost and he wants to increase taxes to the tune of $350 billion to pay for it all, including a plan to get rid of tax breaks for college savings plans known as the 529 plans. joining me is evan bayh, former u.s. senator and governor from indiana where he presided over eight balanced budgets without ever raising taxes. this is a democrat that doesn't like to raise taxes. he is also a fox business contributor. governor, good to see you. are you in favor, excuse me? hold on a second. i'm sorry, governor, if you could hold with us. tom brady came early to the podium. we want to go to that press conference.

go ahead. >> when and how do you supposedly aller the balls? >> i didn't, you know, have any, you know i didn't alter the ball in anyway. i have a process i go through before every game where i go in and pick balls that i want to, the footballs that i want to use for the game. our equipment guys do a great job of breaking the balls in. you know, they have a process that they go through. when i picked those footballs out, at that point you know, to me they're perfect. i don't want anyone touching the balls after that. i don't want anyone rubbing them, you know, putting any air in them, taking any air out. to me those balls are perfect. that's what i expect when i show up on the field. so, that happened obviously on sunday night, went through the same process i always go

through. i didn't think anying of it. i woke up monday morning and answered a question on radio bit and that was first i really heard of it. >> -- this raised a lot of uncomfortable conversations with people around this country view you as three-time super bowl champion, two mvp as their idol. can you answer right now, is tom brady a cheater? >> i don't believe so. i believe i always played within the rules. i would never do anything to break the rules. i believe in fair play and i respect the league and everything they're doing to try to create very competitive playing field for all the nfl teams. it's a very competitive league. every team is is trying to do the best they can to win every week. i believe in fair play and always believe in that as long as i'm playing. >> what do you think happened? >> -- and after you spoke

earlier, everybody he threw you under the bus. do you feel he put you in front of it? >> everyone is trying to figure out what happened. that is the main thing over the last coup days. it is trying to figure out, you know what happened. like i said, i was surprised as anybody i heard monday morning what was happening. i think over last few days people are trying to figure out, as nfl is trying to figure out, what part of the process and, you know, from what i saw the ball, which was five hours before halftime what exactly happened. >> do all nfl quarterbacks doctor the balls? do you feel you have done anything differently than anybody else in the league? >> i'm not sure. i can only speak for myself. i think there is a process that everybody grows through breaking in footballs. probably a lot like a baseball, i tried to explain that to my friend a lot.

when you use that and that is your equipment, a football is something i handle on every play. i want to be very familiar with the equipment i'm using just like my cleats, just like my hello -- helmet. just like my pads. you go through the process breaking in the balls and get comfortable with them. i choose balls i want to use with the game. that is what i expect to go out on playing field with. >> -- get this out of the way and take this head on so your teammates and rest can get focused on super bowl? >> well that's, that's where the importance is. you know as far as i'm concerned. this is a very important thing and that's why i am here addressing it. i know my teammates, you know, we're accomplished something really special getting to this point. you know, i don't like the fact this has taken away from some of the accomplishment of, you know, what we have achieved as a team i think hopefully our best is still to come. so we're going to work as hard

as we can over the next 10 days to put ourselves in great position to be prepared for the game. [all talking at once] >> would you no the difference, tom, quote, unquote, underinflated ball to overinflated ball? did you notice a difference between the balls in first and second half and make a difference. >> from the first half, second chance i didn't think twice. i don't put one thought into the football at that point. once i approve the balls i expect that is the ball i expect out there on the field. so, it wasn't even a thought, inkling of a concern of mine that they were any different. i just, assumed that they were exactly the same first half, second half. >> what do you say about the skeptics look, the patriots had violations before. how can we possibly believe what brady and the coach are saying now. >> well everybody has an opinion. i think everybody has you know

the right to believe whatever they want. i don't ever cast judgment on someone's belief system and i don't, if that what they feel like they do, i don't have a problem with. that part being in this position and putting yourself under spotlight like this and being open for criticism i think that is very much a part of being a professional athlete. so, we can only express to you what our side is and how we approach it. and then everyone is going to make their own -- >> as a follow-up, are you comfortable within yourself nobody on sunday on the patriots side did anything wrong? >> i have no knowledge of anything. i have no knowledge of any wrongdoing of anybody. >> nobody did anything wrong? >> i'm very come foughtable rable saying that. as far as i know. i don't know everything. i also understand that i, was in locker room preparing for a game. i don't know what happened over the course of a process with the footballs. i was preparing for my own job

doing what i needed to do. >> three or four years ago tom, you said you like the balls deflated. you were quoted you like throwing deflated ball. you joked about spike gronk spiking it oozes out a little air. you like a softer ball. explain that comment in context what you're dealing with this week? >> yeah, i know i remember, you know, i obviously read that i said that. you know i like them at the way that like them which is at 12.5. to me that is a perfect grip for the football. so i think that particular term, you know, deflated or inflated, whatever norm you're using you could probably use. i would never do anything outside of the rules of the play. i would never, you know, have someone do something that i thought was outside of the rules. >> you never knowingly played with a football that was under 12 1/2 pound of pressure? >> no. >> tom are you trying to find out why the balls, in the last

three days, why the balls were so underinflated? obviously it is important to you and the reputation of the patriots about having tried to find, even though you don't know? or should have tried to find out why the balls were under inflated? >> well, that is a great question. i think there is a lot of people that have more information than me, you know. i only know what i kind have gone through and process i have, you know, taken as part of the game. and the postgame as well as trying to prepare for the super bowl. so, you know, yeah, i have questions too but, you know, there is nobody i know that can answer the questions that i have. so, i just have tried my best to focus on what i need to do is be prepared for -- >> did you know the look and feel of the football that you liked, do you think there could have been other games where you played with an underinflated football since that football you played with is something you preferred?

>> i don't know. like i said, once i'm out on the field, i'm playing, i have no thought of the football at that point. i'm thinking about the defense. i'm thinking about execution of the play what i need to do. i'm not thinking about you know how the football feels. i grip the ball. >> have you played with an under inflated ball before? >> i have no idea. i have no idea. obviously monday morning was first i heard of it. >> -- held accountable, if it is found someone improperly tampered with balls, is it important for you in light of the team that someone is held accountable? >> well that is for, i'm not the one that imposes, you know, those type of accountability, you know discipline and all that. that is not really my job. so, you know, obviously i would like to know what happened as you all would too. in the meantime i'm going to try to get ready to do the best i can to play against the seahawks because i can't do anything what happened in the past.

you know i have to just go forward with the most awareness as i can going forward and trying to be the best i can be for our team. >> everybody's entitled to their opinion right, but how does it make you feel that they're calling your team cheaters on the, two weeks before the super bowl? >> you know, i think a big part of playing here is, you know, trying to ignore the outside force and influences and people are maybe fans of your team or not fans of your team or fans much yourself or not fans of yourself. like i said everybody is entitled to an opinion. you know those opinions rest with those people. you can just go out to try to be the best person you can be, deal with people with respect, honesty, integrity. have a high moral standard, you know, i have always really tried to exemplify that as an athlete. i will continue to try to do that. >> do you -- [inaudible].

>> i have a lot of motivation. i would say we got a lost motivation as a team but you know i think our team has overcome a lot of adversity this year. sometimes in life the biggest challenges end up being best things that happen in your life. we've overcome a lot of those this year as a team. so, you know, we can rally around one another and support one another. you can be the best teammate that you can possibly be and you can go out and support each other and try to go win a very important game. >> do you object to your teammates today and if so, what did you say to them? >> there are very personal things with my teammates. so that's, that was very personal comments. >> when you pick out the balls, before the, went to the referees? >> always the same process. i get here, the playoffs i got her pretty early before the games. then i go in there and i choose,

however many balls are necessary for the game. sometimes it is 2007, 16, 18, 24. this last particular game was 24. when i felt therm they were perfect. i wouldn't want anyone touching those. i would zip those things up and lock them away until i got out on the field until i had the opportunity to play with them the that's what i thought i was doing. >> did you think those balls what they were when they go to the officials, deflated by two pound? >> absolutely. absolutely that was very surprising to me. >> one of your teammates said this was media thing, gives us something to talk about. is that the feel negotiate room? because he didn't give as much seriousness as i thought he would have. is there a feeling behind closed doors we're blowing this out of proportion? >> no, this is serious, very serious topic. obviously integg get of the -- integrity of the sport is very important. there is another focus we have

as the team. guys are focused on the opponent and things we have to do to try to be successful. everyone is trying to figure out what happened. but at same time you have got to prepare for, you know the seahawks also. >> tom -- >> laughed this off on monday. you laughed this off on the radio. today you're a lot more somber about this. what happened between mon and today? >> well that, look that was real early in the morning. i got home, 12, 1:00, woke up to dot radio interview and i was very shocked to hear it. sr i almost laughed it off thinking it wasn't, you know that was more sour grapes than anything. then it ends up being a very serious thing when you start learning that things that were being said. >> start of the second half was delayed. the balls were swapped out. coach says he knew nothing about it, which i you have to take him at his word but the game was delayed. how did you guys on the sideline not know what was going on, on the field with respect to the

balls there was obviously an issue with the balls? >> i don't think anybody knew there was an issue with the balls. i think they said the balls are not ready for play. and then i turned around in the huddle and the ball was ready for play. so i didn't think anything of it. >> nobody said anything to you, tom, on the sideline? it was a good minute delay between the start of your, when you came on the field, got ready, got lined up before you had the first snap. good minute delay. nobody said anything? >> i wasn't paying attention to what was happening at that time. i mean everything was happening obviously so fast in in the middle of the game. i was thinking about the series to go out there and, you know, execution of the game. >> tom did not say a word to you? >> no. >> you don't think you had an unfair advantage over the colts? >> i felt like we won the game fair and square. so we ended up, you know, playing a great opponent and i thought our team went out and

played a great game, offensively, defensively, special teams. it was a great accomplishment to reach the afc championship, to win the acf chirp and to have the opportunity to play in the super bowl. so that was a great feeling after the game. next few days and hearing, the football issue has, you know taken away from a little bit of that but you know hopefully we'll rally around one another to bring it back to the task at hand which is to try to go out and be the best we can be. >> you think fans are disappointed in the situation right here? for those if there was a moment, whether by design as you suggested or just accidental, is this a moment to just say i'm sorry to the fans of nfl and to the fans of tom brady? >> well i think it is disappointing that a situation like this you know happens. it's, obviously i would love to be up here talking about in very joyful mood, two best weeks of

the year if you happen to be one of the two teams still playing so. it is a great, you know, it should be a great two weeks. you know, i'm, obviously very disappointed that we have to, be having a press conference like this. i wish i could give you more answers or answers that you twice are looking for but i don't have some of those answers. >> the fans are watching. so if they're looking in that camera, what do you say to them the fans of patriots? >> i'm not sure what would you like me to say? i'm not quite sure. >> you say whatever you're like. you are the guy. >> does the league deserve responsibility to button this up so everybody can move on? >> i think they will do however they see fit. you know, i think that's, up to their, you know, responsibility to do whatever they want to do. that is kind of usually what happens anyway. so like i said, they're doing their investigation, you know, and i'm sure i don't know what will happen after that.

>> -- wind out of you between you and bill? >> no. we're preparing for the super bowl. i think is obviously something we're having to address. at the same time we're trying to focus to go out and beat the seahawks. >> do you think the perfect ball -- >> sorry? >> did the investigators in the league talk to you as part of their investigation? >> not yet. >> perfect ball is -- >> you said earlier, first it seems lighter then you became convinced it was more serious. what convinced you of the seriousness? >> obviously monday morning i was not aware of anything that happened. just as i learn more you understand that there is more than what i initially -- >> what seriousness to you? what is the biggest problem for you? >> the integrity of the game. that is important to always be mindful as an athlete and fair

play. i think we set a great example, for the younger athletes, younger kids, to college kids, high schoolkid. we want to be ones to set a great example. >> bill said -- >> are you surprised by the process? , what the story has become and what, i guess you hope the end result is, going forward, from what this incident brought out? >> i'm not surei have a hope -- if i have a hope. i have not put much thought into that. it has been a short period of time. i would love to go out there and play a great game. obviously the nfl would love to figure out what happened in this situation. i try to keep everything in perspective. so i'm happy that we have the opportunity to play in the next game and obviously i'm disappointed by, you know the footballs of last game. but i can't do anything about what happened. i can only try to, you know, i

can really only do something going forward. >> they haven't talked to you yet? the league has not spoken to you or contacted you about your side yet? >> no. they may. i think that's, that is obviously their choice. >> do you find that odd, like tom said, if they put this behind us and contacted you before the super bowl? >> sure, they might. they might. >> feel that it is odd that they haven't, at this point, you know you're the quarterback and you are center of this story right now and the league's officials investigating haven't talked to you, indicates to a lot of people they're letting this drag on, twist in the wind? >> i'm not sure. >> have you been told whether they will talk to you? >> i'm not sure. >> people will hear this and say, you're so familiar with the equipment how could you not know that the balls were underinflated. what would you say to them? >> well, i addressed that a little bit earlier in that, like i said, i don't put any thought

into the footballs after i choose them. you know, when you're out there playing, you know, in front of 70,000 people like a home crowd, you don't think about it. you're just reacting to the game. i don't, certainly think about the football. i just assumed that it is the same one that i approved in the pregame. >> when you approve balls you use in practice? >> we break them in practice certainly sometimes. yeah, we definitely do that. you know, it's different from game to game. some days, one ball may feel good. next day it may not. depend, i don't know, humidity in the air or whether how old the ball was or, you know. i think there is a lot of variables with obviously mother nature and with the balls. so, whatever feels good that day, those are the ones that i would typically choose. >> those are the same ones bill spilled water on you're not looking at in practice?

>> he does that a lot but, you know, it could be, yeah. you definitely could be. >> tom you had better numbers -- >> look at these balls before the game? >> yeah. >> once you -- [inaudible] wouldn't want them to be touched, you didn't notice 15% of air was out of the balls, when you started using it? a little hard to believe. no point didn't strike you during the first half there was a problem? >> yeah, ron, i didn't feel any different obviously than, i would just assume it was the same thing. like i said, once i get the ball, i'm dropping back and reading coverage and throwing the ball and, and i'm not, you know -- >> all professional athletes can tell you, basketball players, rim is six inches off they could tell you by taking two shots. baseball, pick up a bat, less than an ounce of difference. what i'm trying to ask, you make your live frog foot ball, 15% of

the ball is deflated and you didn't even know it? >> i wouldn't know on a particular play. it was, it was a very wet, cold, windy night. you know, like i said it's -- >> [inaudible] >> have you asked the staff? >> i don't know, i don't do that, ron. i get the snap, i drop back i throw the ball. you know, i grip it and i try to throw the ball. that is the extent of the, me touching the football. so i don't sit there and try to squeeze it and determine that. if that is what the colts want to do, that's what they want to dove. i don't, that was what their decision was but, i certainly didn't -- yeah. certainly i didn't, you know, i did not recognize. that i didn't feel a difference between the first half and second half, supposedly they were inflated to the, you know, more inflated. i didn't notice any difference. you know, i didn't, obviously

there was anything different between halves. >> you initially tested balls and met your approval do you think you would have noticed if the balls were under inflated at that time? >> yeah but i'm not, challenging thing. i'm not squeezing the balls. that is not part of my process. i grab it. i feel the lace. david: we're going to continue to show you this but basically you heard everything you need to hear. of basically patriots quarterback tom brady said he didn't know anything about deflating footballs, which essentially what his coach bill belichick said earlier today. they are both claiming they don't know what happened to the balls. that they played no part in deflating the balls. the whole incident happened in last sunday's game. they were winning that game by a large margin but one of the defensive men took the ball, said to one of the referees it felt softer than it should feel. they weighed it. sure enough it turned out it was less, had less air pressure than

should have had. all the questions are now how will this affect the super bowl. tens of millions, hundreds of millions of dollars in terms of smaller viewership and we're joined by michael ozanian "forbes" magazine. forbes media executive and sport money co-host. just a general, do you believe him. >> i do. i don't think they would deliberately deflate the balls, that many balls below that amount. they try to get the balls comfortable like brady said. he prefers it to the lower limit. could somebody else have done it, without him knowing trying to get a little less, playing too close to the limit, i think that is possible. they ran the ball down the colts throat. they didn't do it passing which is exactly how they did i the two previous games. >> the problem is, bill belichick, the coach for the new england patriots is a tough

s.o.b. he is a micromanager. he involves himself in every part of the game. knows about spikes on the shoes they are wearing. you're right, if somebody had actually deflated it wouldn't he have known about that? he knows what happens on the sidelines, doesn't he? >> i don't think so. and i, here is what i think the issue is, in 2007 you had spy gate where the patriots were found to have videotaped jets defensive coordinator signals. what happened after that, belichick had to pay $500,000 fine, which at that time was the largest fine a coach had to pay. that badly damaged reputation of belichick's honesty. i think a lot of that are feeding into this. people are less inclined to believe him at this point. david: the question is now, there was a big fine, 500,000. there may be a big fine here. could it go beyond that. could either coach belichick whose appearance at games is vital, because he calls in signals from the outside that really help them win games,

could he be banned from super bowl or could in fact tom brady be banned if nfl doesn't believe them? >> i can almost guaranty you, neither belichick nor brady will be banned. prior incident, two years ago, at usc, lane give fenn was head coach then. he is offensive coach at alabama. they were found by the sec to have improperly inflated balls. they were fined $25,000. nobody went after kiffin. the school had to pay that fine. in this case i think you're going to see something similar but keep going after belichick because of 2007. i happen to know the kraft family well and -- david: kraft family owns new england patriots. >> thank you. rest assured they told belichick after 2007, don't do anything to damage this brand because we have a lot of money coming in from sponsors and so forth based on this brand. david: we'll see if any of the money dries up as a result. michael, good to see you, "forbes on fox" every saturday morning on fnc at 11:00 a.m. you

don't want to miss it. in a moment we'll get back to senator evan bayh. we'll get his reaction to some of the president's recent proposals, including one that will tax you on your 529 college plan. you don't want to miss that coming right up. creeping up on you... fight back with lief so smooth... cre.it's fast. you... tums smoothies starts dissolving the instant it touches your tongue ...and neutralizes stomach acid at the source. tum, tum tum tum...♪ smoothies! only from tums.

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david: back now after that break with former indiana governor evan bayh who is joining us talking about the president's plan to tax or his desire to tax 529 plans. you're not in favor of this, are you governor? >> i think 529 plans, david are

a great for middle class american families to save for college. so i hope we keep them. david: what is in the president's mind? he claims to be laying out his strategy for a quote, middle class economic plan. this is one of the best things that the middle class has going, one of the few things the tax breaks middle class has going for it. why would the president be against it? >> david, this is what they call in washington a pay-for. he really not against these so much he is looking for revenue this change would generate to pay for other things in his program. this gets back to ongoing debate in our country where some people think the 529s are used more by upper income individuals. so gets into this whole redistribution argument. i personally think we should grow the economy and keep 529s way they are so people can save for what is very big cost. by the way, raising scales, greater productivity, that is really best way to get better jobs for middle class working families.

david: yeah, this is what one of the organizations, non-profits that helps people set up the plans. taxing college savings is detrimental. it will have chilling resounding effect on future of college savings leaving families with even greater reliance on student loan debt, currently at 1.3 trillion. do you agree? >> yeah, i think people are going into debt way too much these days. difficult to pay it off. means they can't buy houses and start family, do other things. we need to encourage savings for college, including tax-free 529 accounts. so i hope that, i don't think, good news for your viewers, i don't think this proposed change will be enacted by congress. david: let us hope and pray you are right. governor evan bayh. we're sorry we had to shortchange you on time. important subject, blame him and super bowl. >> as colts fan and resident of indiana i was interested what he had to say too. david: exactly. we hope to see you here next week. governor evan bayh. we're back in a couple more

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liz: david, it is heart of winter in davos, switzerland. we're ducking into little cheese shop because it is freezing

outside. we'll talk not winter but summer with steve. he has been working very hard with the bain capital people and host of business people in massachusetts to land the 2024 summer olympics in boston, wow. >> we're really excited. olympics in boston we think would be fantastic for the city and region. it is interesting, the olympic committee, internationally came up with a new set of standards for the 2020 to make games more accretive to cities you go to. our plan will be first that dovetails into the new plan for the olympics. >> you mate it through the first hurdle. boston is the u.s. bid for the olympics in 2024. >> it takes my breath away. >> i need you to handicap it wins everything and becomes the host? >> we think it has a real shot. we think boston will be attractive venue for olympic athletes and the tinner national officials come look at itc one of the only cities in the

world to put olympic games on in three-mile radius. it will be walking, environmentally friendly games and fits right into the 2020 plan. >> uncomfortable question. do you think boston marathon bombings might hurt the chances? >> absolutely not. boston is used to plan big events. you saw how boston strong, how we took care of those people. i think we're very tested and ready that. there are security issues everywhere but i think boston will be very, very safe. david: coming up on "the willis report," a new study linking e-cigarettes to cancer. you don't want to miss that. that is on "the willis report" right after a short message. how could a luminous protein

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gerri: hello, everyone, i'm gerri willis. this is the "willis report" where consumers are our business. president obama says only he has a plan to help the middle class, not republicans. >> they should put forward alternative proposals. google entering wireless wars, selling service directly to customers. what will this mean for your next phone bill? want to retire but have too many questions. we'll have our yourer's guide including whether a professional advisor is the way to go. >> e-cigs are thing with hollywood and millenials but are they as harmful