[closing bell ringing]. papa johns expect a good fourth quarter for them. david: spongebob ringing the well. priceline, gang, that had a huge jump. big stock buyback helped their stock as well. big winners and losers. in the end it was a split decision on the indices. dow jones and s&p trading to the downside. biggest loser was dow. nasdaq had a gain, up over a third of a percent. russell 2000, that is trading down. it has been a sea saw day on a lot of different items. a lot of different information coming out. we'll break it all down. "after the bell" starts right now. liz: let's get right to today's market action. we have hank smith of haverford trust. he will tell us why he is sticking with u.s. equities, especially considering we've had

some record highs recently. david: there he is. liz: yu-dee chang, ace investment strategist. he is saying prepare for more volatility. he has ways to deal with that. on why you can not rule out a collapse in greece. first, mark sebastian joining us from the cme. no record here but we see strength from the nasdaq. what do we interpret from that? >> i think we have to be pretty positive what we saw today. we had kind of an abysmal philly fed number. we have a big overhang coming out of greece and ukraine and we still managed to be right near the all-time high. where do i think that comes from? i think it is coming from the interest rate story. i think the market is really starting to figure out that the fed is not going to be raising rates in 2015. in fact i think it is so ridiculous, more likely to see david asman sporting a faux hawk. david: a faux hawk?

i know a mohawk. i don't know the faux hawk. let's not go there. >> i want to go there. david: no, we'll not go there. liz: yes, we are. david: what the hell is that? that is a faux hawk? liz: size of your head. david: oh, my god. >> look how handsome. david: thanks a lot. i wasn't born yesterday. we'll move on to yu-dee, talk about serious stuff. pent-up demand in the economy, yu-dee. there is a lot of pent-up demand. all the economists, one thing they agree on. every time we think it will be released we see pullback, whether philly fed numbers or whatever it is. >> david, think about it. demand has been released little by little. it is just not coming into us at a very robust form. that's why in a way i think that is bullish support for the market for years to come. maybe not supporting the market up 20 or 30%, but supporting five to 7% per year market and

2 1/2% yield on s&p, seven to 9% total return is very possible. that we are seeing pent-up demand already working itself into the economy, slowly, oh, so slowly. liz: working here, right? however, adolfo, the question is focused on greece because we can't control what happens over there yet it can control, it has the ability to control our markets. what do you think eventually, i guess we could say in the near term happens with greece? is there exit for the european union? >> i am optimistic in that respect. i think the condition sequences of a -- consequences of a failure would be so catastrophic not just for greece but for the european union, other exposed countries, very end for germany, some sort of an agreement will be found. i think the economics of it is somewhat straightforward. there would be some compromise halfway that would be found. what is really difficult is the politics. we need to find a face-saving

solution for the new greek government and for the germans. that is very difficult to be found under these pressures. david: hank, there are signs that some of that over there is spilling in over here. despite yu-dee's optimism. we just had the white house, for example, pull back on its growing estimates down to 2.3%, well below the previous figure up over 3%. >> that's right. david: that is for hank. go ahead, hank. >> yeah. clearly the u.s. economy is gearing. we'll enter the 7th year of this expansion this spring. we're gearing to a higher level of growth, somewhere in the 3% range. but there are headwinds. david: hold on a second. you say you are gearing for that but answer my question, which was the white house is pulling back from close to 3% to 2.3%. why? >> well, look, i'm not sure we have ever put much weight on the

white house's projections for economic growth. david: touche. >> i would say europe is a headwind. slowing rates of growth in china is a headwind. but there is a lot of momentum and we are, we're beyond the so-called 2% recovery characterized this expansion up until recently. and, yet we're in the, approaching the very much venth year of it. -- 7th year. i agree with yu-dee as well the stock market should provide decent returns. liz: decent returns. mark, do you agree? you were trying to get in on that discussion? >> yeah. i do like the market going forward, because i think we'll see recovery in energy. i want to talk a little bit about oil for a second. the way oil markets work, i want you to imagine i'm standing in my front yard holding a garden hose and the spigot is all the way turned water is rushing out.

my five-year-old sneaks out back and slowly reduces the water pressure. it will take a little bit for the water to stop coming out at that rate. that is really what is goings-on in the oil market. that is why oil is finding a bottom, which i think will be good for some energy stocks. what is a stock could be hurt by that? what is the conduit that carries oil to the store. liz: pipelines. >> train lines. i don't like trains. and that is really where i think we could see weakness relative to energy. i think energy has bottomed. will probably have a nice back half of 2015. i probably stay away from some of the transpoes. >> adolfo, this is time of what ifs, what if oil keeps going down. what if it goes up. what if russia keeps invading ukraine. what if with grease h greece, what if can not come to terms with europe and eventually pulls out of the european market, what

happens then. >> it would be disaster, no question. first of all banking sector would be gone. we're seeing a bank run taking place in greece. without the liquidity that the european central bank is providing, that will immediately collapse. i think there will expended -- expanded bankruptcies in the private sector. contracts are written in euros. all of sudden counterparties may want to still be paid in euros, not drachmas. that will force greece to introduce some form of capital control. eventually to single currency and will be destablizing on political grounds. we see majority of the greek people who want to belong to the european union. they want to belong in some form to the common currencies. think new government would face a lot of headwinds. we may have disturbances from third player trying to jump n

mr. putin has been trying to destablize. that would be a very good opportunity to do more. liz: hank, where do you find opportunity in stocks at this point? when you pull out a name like cvs, one of your picks along with johnson & johnson and american express, they seem to be somewhat insulated from those issues at least? the. >> i think now is the time to focus on large, blue chip, high quality companies, that pay dividends. that grow dividends. not to speculate, not take too much risk. with american express, you're clearly gaining a stock that has been beaten down on the costco news. so for long term investors, this is a great entry point. not to sigh it will recoup what it recently lost over the next couple quarters, but this is a good entry point. j&j is a great buy at anytime of the day. david: j&j is always a great company. yu-dee, what about homebuilders here? a lot of concerns about interest

rates are so low right now, that a lot of banks are not willing to give 30-year mortgages because they don't think they will recoup at three or 4% interest rates. you like homebuilders but aren't you concerned about the downward pressure from low interest rates? >> not at this point. david, think about it, homebuilders has been in and out darling of the market i would say for six years, right? basically came off very strongly off the 2008 bottom. pretty much stalled out entire last year. this year it is on the move again for exactly the same reason. the rates are so low for so long -- david: but hard to get a mortgage yu-dee? >> yeah, but banks are losing a little bit of that death grip on rates. we're start to see some of that. if you look at their earnings for the past quarter, they're actually pretty good. and that of course is one of the major forces fueling their current rally. i like it going forward. i think after year-and-a-half of resting home builders are on the move again. i think going forward it has a

little bit more of a momentum building to do, no pun intended. over next 18 months or so i actually like it a lot. liz: we like you guys a lot. david: great group. liz: everybody's suggestions are on facebook.com/afterthebell. david: we're not putting the faux hawk on that. not putting the faux hawk. that was a shocker from my producer. liz: hank smith, yu-dee chang, adolfo laurenti, he of the faux hawk. mark sebastian. >> happen new year. david: chinese new year. warren buffett selling his stakes in oil stocks. he did that in the last quarter right close to the bottom. did the great "oracle of omaha" make a big mistake? liz: we've all been there. you're at a restaurant. want to pay the bill but your waiter is mia. you're waving trying to catch somebody's eye. one company wants to make sure you never happens again. that you can walk out the door.

we have a ceo of a company making that happen again. david: billionaire mark cuban always controversial. he has strong feelings when it comes to the fcc plans to regulate the internet, it will, f everything up. i think you know where i'm going. that is just of the beginning. we have the rest. a fiery debate ahead. tell us what do you think, did cuban go too far or is he right on target. tweet us us at f @fbnatb. your answers straight ahead. ♪ hi, tom. how's the college visit? does it make the short list? yeah, i'm afraid so. it's okay. this is what we've been planning for. knowing our clients personally is why edward jones is the big company that doesn't act that way. when the moment's spontaneous, why pause to take a pill? or stop to find a bathroom?

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liz: nordstrom stock is dropping notice after-market session. they just released earnings moments ago. david: amazing. big jumps on both upside and downside. adam shapiro at the new york stock exchange. >> a lot has to do with plans for expansion. revenue came in 4.04 billion. street was expecting 4.01. street was expecting $1.35. part of this is attributing the acquisition of trump club. expansion plans, they're building a nordstrom in manhattan and expanding to canada. net income 255 million, versus

year-over-year 268 million. going forward they say they will continue to hit the bottom line. they're expanding in manhattan the building that store. expanding in canada. you don't have to go to cleveland anymore. get a nordstrom in new york. >> yea. or chicago. >> there you go. liz: i've been so beechwood many times. thank you, adam shapiro. david: subprime loans, remember them? subprime loans to pourers with low credit scores, they reached highest level since the financial melt down? should we be worried? time to bring in the panel. larry shover, john tammy and our own cheryl casone. are you worried, cheryl? >> absolutely. one of the things we've seen, we should make a part, is mortgage debt which i think is a good thing that means ownership rates go up, student loans, auto loans, americans are getting into trouble once again. this is a problem for the economy rand in particular for nation's banks if we see default

from nation's consumers. people are taking on risk. i'm not sure it is good thing. david: larry, 40% of the loans, in 11 months of 2015 went to subprime customers. is that a problem? >> absolutely a problem. a drag on growth, a drag on everything. keep in mind, 2014, age group 35 under had negative savings rate of 2%. combine it all together, if we don't get substantial growth in the country or heavy dose of inflation, this could spell trouble to our market like it has so many times before. david: on other hand, john what really spells trouble, when loans come from government bureaucrats who don't know how the real markets work. not clear all the lines are coming from the government, right? >> i don't mind subprime lending as much as i mind government meddling in the credit markets cause it to happen. what i say the problem for the economy is right now, all this misuse of credit. good times when this cracks up.

that will force reduction. let's hope this time we don't bail out those who made bad loans in first place. david: john tamny, tell me it is cold down there in florida where you are? >> it actually is. david: make as me a feel better. i'm not better at your misery. god it is cold up here. a column by environmental lift, detail how electric cars don't cut emissions much compared to gas powered cars. if electric cars don't help the environment, do they deserve the billions, 10 of billions they get in tax subsidies, john? >> they don't deserve our subsidies either way. simple truth if you want to fix the environment, single west best way to do it, grow the economy. when people are prosperous they have desire to improve the world. if they don't feel that way, they don't care. fix the environment, grow the economy. means getting government out of this meddling in electric car space. david: larry, bottom line is,

they get all these subsidies, usually local governments but also feds as well. supposedly they save money in electricity costs. but in fact all of the emissions that are used to create that electricity, this guy found out, pretty much equal what a gas-powered car use. >> yeah. let's think about it. if we're burning it with electricity, it needs something dirty to produce that electricity. even if it is nuclear energy. i mean we're using a scarce resource, uranium and also potentially puts out something dangerous needs to be cleaned up or something like coal. we know that is dirty. at end of the day it is not neutral. it needs something dirty to create electricity. it is not a win-win. david: so, cheryl, billions of dollars taxpayers have been subsidizing for these electric cars very often going to rich folks, doesn't make much sense, does isn't. >> subsidies can be a good thing, get an industry and idea off the ground. certainly businesses do need

help, once in a while but we're at the point now where electric car subsidies should end because the time is now, just like solar industry or wind energy industry. it is time for them to stand on their own two feet. taking away subsidies doesn't make economic sense. may the best company win or lose. that is capitalism. david: raising interest rates seeing if the stock market survives, right, larry? >> yes it will, it will. david: all right. up next with the panel, did warren buffett just make a big mistake with his energy holdings? mark cuban has very interesting curse words that he uses to prove a point about the internet. we'll ask you whether or not he went too far. liz? liz: he is a passionate guy. david: he is. liz: well, oil stocks have been out of favor with many investors. as you heard warren buffett selling his exxonmobil portion, oppenheimer is making a bold call, saying one energy stock could duane you 20%. we'll tell you what that stock is. plus we all have items in

our closet we wore once, said, why did i buy that? we haven't used them in ages. one company is letting you turn forgotten items in cash. you barely have to lift a finger. we're talking to the ceo straight ahead. good news for girl scouts. not so good news for all you cookie fans out there. the organization says due to popular demand, thin mints are back ordered. there is a shortage this season. which it will cause a delay in deliveries of thin mints. maybe they got marketing inspiration from troop beverly hills. ♪ >> okay. you can't predict the market.

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the red for the second straight day as investors focused on negotiations over greece's bailout. the nasdaq was only major index to post gains, posing higher for the 7th day in a row. not bad. number of americans filing for first time unemployment benefits fellas week. claims dropped 21,000 to 283,000. despite the eia report that showed smaller than expected build in u.s. crude supplies, oil ended day down at $51.60 a barrel. david? david: speaking of oil, warren buffett sold off much of his stake in big oil stocks in decent. so was his timing right or perhaps did he make a mistake selling near the bottom of the market? let's bring back our panel. larry, you're closest to the oil market. what do you think? >> i don't think he made a mistake. i think buffett recognized a structural change in the industry and that is politics out of the way we can become energy independent in the next

15 years. what is that going to do? that will violate some of his tenets of investment. one, it will create a economic motor lack thereof for companies he invested in, conoco and exxon. he will see dilution of and profit margins rising. that goes against his tenets as well. i don't think he made a mistake short term. long term maybe he did. but he notice ad structural change for the environment. david: he looks for the long story here but cheryl, in the short run, conoco and exxon have come back a little since he sold them. >> sure. david: looks as though a lot of people are looking for bottom-fishing, actually buying into these stocks right now. >> warren buffett would be the first person to say you can't time the market. tough make value-based decisions and strategy decisions. i look at past history with regard to his energy bets. this is the same man, when we started fracking technology became prevalent we started to move all the oil out of the dakotas. he bought the rails.

he knew a lot of this crude would have to be transported by rail. there was no pipeline obviously. he made that bet. he was way ahead of the curve on that. so i think whatever he is doing, i'm going to ahead side. i think he is doing right thing. david: two for buffett. john, move on to the next subject. want to by a little more time. the internet. people care a lot about it. could president obama's attempt to regulate the internet do a lot of damage to the internet? listen to what billionaire mark cuban has to say about it. >> look at the net neutrality sites. when you look at messages, don't let them ruin the internet. this is demonizing these companies. trying to introduce things that don't need to be introduced. so the uncertainty associated with that, apply to the internet scarce the [bleep] out of me. david: he used even more expressive language, john. is this history on nicks on cuban's part or does he have a point here? >> i tend to agree with him net neutrality. david: don't use that phrase.

we don't use is the government's attempt to regulate the internet worth getting as hot as he has? >> it is but i think because of it has him so hot that is reason nothing is going to come of it. face it when government goes after uber, voters revolt because they love uber. if you go after their internet, can you imagine the revolt in this country? that is why i think he is overreacting. david: cheryl, according to john it ain't going to happen, as much as the president and fcc try to push it, it ain't going to happen. >> government is very serious. the president backed off six months ago. they didn't have support in the courts. next thing you know sec is visiting rule, fcc panel, 3-2. that is how the vote will go. the president wants this. this will get pushed forward. i agree with mark cuban, he is innovator. he is worried about innovation stopped or slowed down. this is one of the last frontiers we have. i'm sorry the internet changed all of our lives for the better for the most part.

david: of course it has. >> he is worried government will stop that innovation. i think he is right. david: larry, break the tie here. we've got one person on each side of this. >> you know, i think some form of it will pass. it beg as bigger question. david: really? >> some of us -- yeah. some of just want government to be smaller. we don't want a big government. however we want government involved in every aspect of our life. here is one more example of it. not enough people like mark cuban out there or regular guy who is up in arms about things like this to allow them to regulate. i appreciate his passion. however, a lot of times it gets dismissed, oh, he is just some rich guy talking to another rich company or yelling at some rich organization. we need more normal people, average people up in arms about this. david: i will make it a tie. i believe with john that the american people will not let this happen. this is one thing where i think instincts of americans are on target. they realize government involvement in the internet will clog the whole system up.

folks, thank you very much. larry shover, john tamny, of course cheryl casone. don't forget catch john tamny and myself on "forbes on fox," that is saturday, 11:00 a.m. eastern time on the fox news channel. we have been asking if you think mark cuban is right on this? ken says, mark cuban is right. if the fcc regulates the internet, they will create fees and censor what we can say. join the conversation. send us a message on facebook or give us a tweet. liz? liz: hate waiting around for your check at the restaurant? you're done and keep trying to catch the eye of the server? the ceo of reserved tells us how it is revolutionizing the restaurant industry to make sure you never wait again. a lot of celebrities are piling their own money into this startup. plus is your closet overflowing with clothes you just don't use? we'll show you using my own dresses, how you can turn them into cash with barely any work at all through trades.com.

if you receive a text message from the president, it may not be a hoax. we'll have more straight ahead. no photos of men tworking on ranches.. just a ram 1500 ecodiesel that gets 156 more miles per tank than the ford f-150 ecoboost.

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"what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. david: we've been talking about greece all day. we have breaking news out of washington on the subject. let's head to peter barnes. what is the latest, peter? >> david, the u.s. treasury department is closely monitoring the talks between greece and rest of eurozone countries. germany in particular and

international monetary fund. a treasury official is saying urging all official parties to compromise somehow restructure greece's $270 billion bailout to come up with a quote, constructive, pragmatic way forward. the official says that the u.s. is also urging the parties to, quote, tone down the rhetoric. official says treasury secretary jack lew has been working the phones, speaking to a broad array of counterparties. david. david: good stuff, peter, thank you very much. liz: so many investors have been lately fleeing energy stocks as oil continues to fall. one firm is buck trend calling for rally in one particular name in the energy space. oppenheimer says conocophillips could trade as high as $80 a share. it is at 67.42. that would be a 20% premium to today's closing price. oppenheimer says conoco expects two to 3% production growth this year and shares they say are

trading at a discount to the pierce. the -- peers. the company's yield is 174% above the average in its group. it has outperform its peers last three-to-five year period. david: that is one of those oil stocks that berkshire did sell in december. well it is the uber of restaurants, helping users connect to the hottest restaurants in their cities, reserve, allows users to make reservations and pay the bill through the app. liz: right. so you don't have to wait to flag down the server. reserve just raised $15 million in its latest round of funding led by cofounders of uber and foursquare. what is next for reserve and which cities is it headed to next? joining us reserve ceo, greg hong. especially people in new york, want the check, i'm done eating. finished, leave right now. sometimes hard to catch attention. tell husband how reserve solves the problem. >> reserve is digital concierge

service. we make designing persons -- dining experience better for restaurants and partners. half of that is handling the check. it is really elegant way to end dining experience rather than pulling out your wallet and everything else. a great way to end the meal. as we start to look kind of what that experience is, something that we've seen really resonate with our diners is the check is paid cards being delivered at end of the experience. gets dropped with the itemized receipt so you check your bill and everything else. liz: to make sure you're not overcharged. >> completely. rather than dealing with all the back and forth, great end of the meal. something we see happened quite organically, they are posting copies of check is paid cards, taking photos on twitter around instagram. it is validation for us that people love our service. david: it is a very simple pay structure for your service. you get a certain fee per bill, $5? >> correct. we charge flat. david: $5 per bill. but you're not listing number of

people you actually have, number of diners. why aren't you giving the public a chance to see that and when will you? because there will come a time you have to come out with ally, right? >> you mean diners or restaurants? david: diners. >> i think part of that is really growing the base thought fully. we want to make sure we only have certain amount of restaurants of the as we continue to see strong going on that side we want to role out on the diners side. it is two-sided marketplace. we have to make sure everyone is happy as we continue to grow. david: they will come out and when? >> how -- david: when will you list numbers? wait for ipo? >> we're constantly growing on restaurant side we gone from 60 restaurants when we launched to 120 in all markets. we're seeing aggressive growth. that is only 3 1/2 months. liz: in san francisco, where else? >> san francisco, los angeles, new york, boston. liz: where is next. >> chicago. liz: that is big foodie market. >> huge foodie market for juice how to get reservations at certain restaurants, what can

reserve do for me? >> it is about more than the reservation. part of that is the entire experience. part is the reservation and giving awe quality reservation. we provide a curated list of restaurants. make sure every time you go out to eat you will have a great dining experience. david: irs will love you but waiters having been one will hate you. waiters don't always put down when they get cash payments exactly how much they get because they dsn't want to pay extra tax money to the irs. >> sure. david: everything. there will be no cash involved at all in this procedure, right? >> something really elegant about that system, you nailed it. part of the process is to have credit card on file for diners, that way at end of the experience we don't deal with the back and forth. something we thought through what that process looks like it is helpful for the restaurants. servers at end of experience having to jet back and forth to the table three, four times, they're able to seat more diners as part of that process. liz: interesting you have celebrities like jon favreau and jared leto investing in your company. how did they find reserve? >> very early days for reserve

we had great institutionals. human ventures capital who led a round as well. in addition to expedite and first round, lower case capital, sherpa ventures. a lot of early investor through their networks they connected with us. we were able to network within those communities and grow to help propel us forward. david: if the service is lousy, can i pull down the tip afterwards? >> up until the end of the dining experience you can change the tip, just like normal meal. david: greg, good to see you. reserve is the name of the company. >> it is. liz: good luck. from that to this. we have extra clothes in our closet that we just don't wear. we'll never wear again. have never worn in the first place. up next, we're telling you how to turn those old clothes into dollars. so easy. david: also, could you receive a text from the president himself one day? turns out the answer is yes. we'll give you details straight ahead. ♪

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these are the only plans of their kind endorsed by aarp and nine out of ten plan members surveyed say they'd recommend their plan. having the right information is just smart. do you really want to leave something this important up to chance? [ male announcer ] remember, medicare doesn't cover everything. the rest is up to you. so, call now, request your free guide, and explore the range of aarp medicare supplement plans to choose from based on your needs and budget. sixty-five may get all e attention, but now is a good time to start thinking about how you want things to be. [ male announcer ] go long™. david: here's something you might know courtesy of our friends at "wall street journal" at any given moment the president can send a text message to any cell phone in america anytime he wants. part of wireless emergency alert

system set up under president bush during hurricane katrina. it is generally used for emergencies, it states the president can use the system to send messages to anyone, even everyone who has a cell phone. liz? liz: okay. with new york fashion week, you guys don't even know, it is buzzing here in new york with all the couture and fancy pants. it has a lot of us thinking, why did i spend so much on stuff that is now out of style? revamping our ward disrobe in the spring, it could turn your last season's trends into cold hard cash. she came up with this idea called, tracyee. she said there is go ahead mine hiding in our cost let's. she wants you to turn profit into old clothes. i call it online concession, online garage sale. am i on the right path? >> you're about right. anything from a $20 dress all the way up to a chanel bag. you can buy and sell with other like-minded women straight from your closet. save up to 90%.

liz: different from ebay. there is no one up another bidder, you get their first you buy this stuff or you're out, right? >> exactly. no bidding, no options. very simple. they pay a 9% commission. >> 9% commission to you guys? >> to us after you made a sale. liz: all you do is pick your stuff, photograph it, and then you guys gussie up the pictures, right? >> we do. clean backgrounds off images so they look pretty and white on background, so it looks like a regular website, not a swap meet. liz: when we saw this idea, by the way my sister-in-law lisa says you have to put your stuff on trazee. it is amazing. >> i love lisa. liz: put anchor clothes for many many interviews, donate proceeds to my charity, building home for heroes. here are some of the dresses in my closet. we'll rename the closet, liz,

fbn. these dresses i wore all of them. nothing is more than ever $190. they're big fashion designers. everything in from max mara. i have david meister. this is for anybody who is working woman, maybe a recent grad, girlfriend, wife, whatever. you don't want to spend the full price on this stuff. liz: exactly. more and more we're seen on social media by everybody we know. the outfit used to last for 20 wears, suddenly feels old after you wore it a few times. this is way to update. liz: this wasn't just an idea, which by the way hatched in 2012 at your kitchen table what am i doing with all these clothes. richard branson, sir richard branson of virgin put money into your company. >> he has. liz: what did he say with it? >> i was lucky to meet with him, to pitch to him. very scary and really excited. i was excited about the idea we could make resale as big as retail and extend life cycle of

products so more people can own each individual piece and save more money. liz: kleiner perkins, one of the top venture capitalists is there. popular designers from gucci and chanel. lower end stuff too. >> yes. liz: what is the most anybody who listed on there made? you must look all the time? >> we actually have a seller about to hit a million dollars. liz: what? >> she is professional seller, of our individual women who are selling from their closets, women make on average a little over $1,000 a year. liz: i have dollar signs in my eyes, selling my anchor dresses for our wounded vets. >> you could sell that dress right off your back if you wanted to. somebody would love to wear this. liz: this one? >> style. liz: the designer is santini. it is so cozy. perfect. after the show, i will take this off. i will put it on tradesy. i have a whole bunch dresses going to buildinghomesforheroes.org. >> good for you.

>> she is disrupting your closet. tracy dinuzio to tradesy. "after the bell" facebook page and twitter page, @fbnatb. quick, run, hurry. a lot people are going on there. david. david: good stuff, good cause. next we go live to los angeles ports for the latest on a dispute causing american businesses hundreds of millions of dollars. t-mobile's ceo will tell us what he is personally doing to give his company an advantage over the competition. >> hi, everyone, i'm gerri willis. coming up on my show at the top. hour, subprime lending, shadow banking are back but will they wreck the economy like the last time? that is just one of the big stories coming up on the "willis report" in just a few minutes. of the.

liz: 29 ports on the west coast have been operating in slow-mo, or at a standstill, worse like the port of oakland today. that is causing spoiled goods and understocked shelves, could take a serious chunk out of u.s. gross domestic product. david: jonathan hunt joining us live from the port of los angeles. jonathan, where are we on the negotiations? >> david and liz, the administration taking these negotiations and potential threat to the u.s. economy very seriously. we got word today that u.s.

commerce secretary penny pritzker is now joining the negotiations to try to get these ports back operating at full speed. of course the labor secretary thomas perez has been in san francisco talking to union leaders and the employers for some three days now but we're still one major issue we're told that is frustrating the negotiations. that is the question of arbitration. who will arbitrate future disputes, how arbitration will work. it is not only frustrating the negotiations, the whole situation is frustrating political leaders. senators barbara boxer and dianne feinstein for instance, sending a letter to both sides today, which said in part, quote, while it is understandable that the parties can disagree, it is highly disappointing that with so much at stake you have not been able to come up with a path forward on this one remaining issue. and it is a major issue of course for businesses large and small business. right across the united states.

now reporting disruptions to their supply chains. listen here. >> usually this would hit the stores around january 15th. now we're looking at the end of into february, into march before the retailers can take a hit. many retailers we've spoken to, said they might cancel their order. we have 3,000 of these independent stores all across the united states. >> david and liz, we understand that the talks involving both the commerce and the labor secretaryies are ongoing at this hour in san francisco. we're getting no hints though that a deal is imminent. david and liz? >> liz: jonathan hunt, thank you very much. david: thanks, jonathan. what seems like a new cyberattack virtually every day what should companies and individuals be most worried about? maria bartiromo spoke with 18 intelligence's vie president of cybersecurity this morning part of our fox business rewind. take a look. >> there is clearly risk to your

brand. risk financially. hundreds of millions of dollars to mediate an attack. we see the target ceo lost his job. the implications are huge across the board. when you look at risks that comes from cyber criminals, comes from tear it itries. -- terrorists and comes from hacktivists and nation states. we saw with sony potentially. the risks to our national security and to our economy. when you hear a lot of folks throughout the government talk about what could happen, this cyber armageddon. >> i pass ad million twitter followers. it is a way of life for me, talking to customers, talking to employees, putting yourself out there. as you know, if you're one of the people that does it, you better be ready to hear what everybody has got to say because it doesn't all come in postively. it is a competitive advantage for me and my company because the other guys, there is no way they're going to do it. liz: that's right. judge ledger has a million followers. david: i love that guy. liz: catch all of today's

interviews on foxbusiness.com. david: here is another character. we've been asking you if you think mark cuban's foulmouthed words on regulators regulating internet are too much. mark says, the truth hurts and he is right. liz: spencer says profinancety -- profanity doesn't belong everywhere. sometimes it is perfect scriptor. well-done. cuban. >> sound like patton. keep this in innovation, keep the government out. time for number one thing to watch. we have larry shover, sfg chief investment officer. give it to us, larry. what is the one thing? >> eurozone manufacturing pmi is one of six pmi numbers coming out of the europe. the important thing out of this, will we see back-to-back recovery in the pmi, pointing to, a recovery in gdp, quarter on quarter? more importantly, why this really matters, we know early march we have the ecb meeting.

will these trends, these numbers getting better, will they cause growth assumptions to change, to shift and actually drive yields higher? or, just the opposite, where everybody will say, the same old song is being played. yields will continue to drive in more negative territory? for the u.s. investor, this matters, because we do know that rates are the artificially low here in the u.s., largely due to growth assumptions in europe. our yields can get that far out of line. however, if we do get this recovery in europe, we will see continued growth in our yields here on our shores. liz: larry, 20 seconds, the trade is still there, the fed trade, right? >> absolutely. this trade is all over the map. when you look at way yield curve is right now, we're looking at a bare flat, which would make sense. yields in the short term will rise a lot faster than yields out the curve, 10 or 30 years. david: gave you extra five seconds. are we into currency wars here?

>> no. we're in bank participation. that is the new normal. not a currency war. david: good to know. larry shover. wonderful to see you, my friend. >> thank you. liz: thanks for joining us. "the willis report" is next. gerri: hello, everybody, i'm gerri willis and this is "the willis report. the show where consumers are our business. subprime, the dirty word of the financial crisis is back. loans to consumers with low credit scores are up, sharply. will it bring down the economy again? first measles. now a drug resistant superbug. two are dead. nearly 200 may be exposed. how did it happen? >> superbug commonly referred to as cre, can kill 40 to 50% of patients. gerri: big changes at walmart. it is giving half a million workers a pay raise. but that is just the beginning. >> today, we're announcing a series of important changes that demonstrate our commitment to you, our associates.