and it's a story with less regulation. david: unfortunately, bad news to report, we did hit double digits on the dow. triple digits on the down side with the dow. the dow is down below 100 points now, trading at 103. it is moving to the down side as things settle. all of the indices are down, none more so than the s&p 500, nasdaq a little less so, and the s&p just about flat. rough day for the markets. cheryl: of course, everything hitting the skids. we're going to have a lot of great commentary. "after the bell" starts right now. . cheryl: we're going to get to the markets in just a moment. top story, germanwings plane carrying 150 people crashed in the french alps. no passengers believed to have survived the tragedy. while the cause of the crash is

not known, one of the black boxes recovered. david: here to discuss what might have gone wrong, jim hall, former number chairman, and hall and associates managing partner. good to talk to you again. a tragic event, of course, that goes without saying. one question people have is why wouldn't the pilot have sent out a distress signal? there was a relatively long period of time from whatever happened to the time it crashed but no distress signal from the pilot directly. why was that? >> the recorder should answer that question for us, it just would be speculation on my part, that the crew was trying to deal with whatever emergency they had, and that was their priority. david: so it may been they didn't have time to send out a distress signal? >> no, you have something happen in the middle of cruise flight, which is obviously what appears to have occurred, they would be very busy trying to

deal with -- trying to troubleshoot that problem, and would not be as concerned to make sure the people on the ground know they are in distress. cheryl: jim, we still don't know what happened aboard the aircraft. but there's two potential things that could have happened. loss of cabin pressure. hence they began their descent. a steady but quick descent or the potential for a fire. we've had several aircraft, and some were a320 that did have distress in-flight, en route. do you have any sense what could have happened based on other prior incidents involving the airbus 320? >> no, operational, mechanical problems of course, comes on. we know the malaysia aircraft lost the lithium battery support, we're going to want to know what is in the cargo hold of this aircraft? we're going to want to know

about the maintenance of the, a it was an older airbus model, and so there are a number of things and smoke in the cockpit, of course, has been an issue that has been on the table, and not addressed by the faa or other airworthiness authorities for years. david: yeah, jim, we're looking right now at video by the way of the crash site, and debris has spread all over. my question, and it may involve some speculation, but is there any sense, looking at the debris spread over such a wide area as to whether it began to break up in midair or whether that was a result of the crash itself? >> you know, the investigators will be able to determine that, but it's certainly not unusual for it to be spread over such a large area. essentially, if it was not, you know, we don't know exactly how

it was coming down, and what part of the mountain as of yet. so i've seen accidents where it's been spread and others. cheryl: pete, thank you for joining us, he is, of course an aviation consultant. one of the things we look at is the history of the aircraft itself. a320. one billion passengers for 2014. this is the workhorse plane. around the globe, do we have reason to think that there is something going on with the a320 that needs to be looked at on a bigger scale right now? >> i wouldn't think so, i think the airplane has been largely very trustworthy and there's something like 3500 of them flying worldwide. david: pete? >> i don't think it's an a320

problem. things that have come to my mind have been terrorism or some really unusual chain of events with the airplane itself. it had just come out of maintenance in dusseldorf, and having flown to barcelona, this have been in apple pie order. david: what do we look for early in the investigation? they haven't analyzed the black box, though they apparently have it. how would they determine whether or not it was a terrorist attack? would they hold off until the final moment before they're sure? >> yes, i think so. anything really untoward like terrorism, i think, begs a very careful examination. they don't want to say anything about terrorism until they're absolutely sure. david: on the other hand, you don't want to -- if there was some sort of attack or focus by terrorists on airplanes, you want to double up the security have you at the airports,

right? >> absolutely, yes, and the crash investigators can look for internal parts of the airplane that they able to recognize and see if there is any explosive debris left on the inside of the airplane, and that's something that's not difficult to do, even giving where this airplane is, and the fact that it spread across what i understand is nearly a mile of debris field. cheryl: it's a large debris field. and what we've seen in early reports the biggest piece of fuselage is the size of a car, which is incredibly small. jim, going back to the investigation and the debris field itself because of the terrain of the alps and where the plane crashed, how long do you think it's going to take to come up with a sense of what happened? >> i think the flight recorders are the best initial thing, and they have to go to a place where they can be evaluated and information be downloaded. the cockpit voice recorder will tell them all of the

conversation between the two pilots, and then the flight recorder itself will give a ex condition of the airplane and what may have been wrong inside it. an explosive decompression at 38,000 feet would leave the crew and the passengers with very little conscious time, so we may find out that this was a simple decompression in the airplane. at this juncture, it's tough to say. david: jim hall, the ntsb is in charge of any accident on u.s. soil. what about now? is the ntsb the lead investigator even though this happened on foreign soil? who's handling this? who's in charge? >> i believe, obviously, it depends on which country, if it's in france, then the french would be the lead investigators. the ntsb, because of our interest in the safety of the

a320 which flies stensively in our country, we would send investigators over to support the investigation, but it would be led by the europeans. >> understood, understood. gentlemen, thank you very much. jim hall, former ntsb chairman, and pete field, aviation consultant. gentlemen, thank you very much. appreciate it. back to the markets now, they ended the day lower with all sectors in the red as money flowed in the u.s. treasuries, that's why rates came down. break down today's action with john buckingham of al frank asset management. rachel of sassy options telling us why it's time to invest in the tech sector. and mark sebastian from the pits of the cme. mark, i want to talk about the vix, it's very low. i believe it was in the 12 range at a 12 handle a day or so ago. but the market is not rallying?

what does that tell you when the vix is this low without a market rally? >> this is a very weird day. i kept expecting the market to go with the way the vix was acting. any market sell-off is a bit of a head fake. if you look at the russell 2000 and the move in interest rates, what i think we've seen the last week or so has been the big reset of traders trying to reposition themselves. now that it's apparent that the fed is not raising rates in june. and i think we're finally trying to figure that out. if we'd gone two weeks ago and the s&ps were down 12 points, we see the vix up a buck, maybe a buck and a half and trading over 15. now we're here and the vix is around 13 bucks. what i think this is pulling toward is a brief consolidation, and i think a potential serious move higher toward that 2150 level in the s&p 500, i think we're prime for a nice move higher all the way into earnings season, the way things are setting up right

now. cheryl: interesting you say, that rachel, you make a great point that the market is maybe set up for consolidation and the dollar is certainly affecting u.s. multinationals, and i'm sorry, we've had a lot of analysts, probably yourself telling us, watch out are if the earnings, it's not going to be a pretty picture. >> well, i mean, that's maybe true but we're also talking about certain sector of multinationals, that's not inclu included in the entire market. cheryl: that's in technology, i know you like tech, but go ahead. >> the fed is trying to control that, and i think they're keeping rates low and hopefully we'll also stem the dollar for now, but yeah, if the dollar does go up, it's going to scare some people and scare people out of market as well. so you know, maybe you'd want to be in treasuries at that time or what not, i think right now, to worry about the dollar and the multinationals is a little premature.

david: john, you're a big diversification guy for good reasons, but i'm wondering if there are any sectors that worry you right now? >> we always look at valuations of individual companies but the bargains tend to congregate in sectors, so nowadays, energies in industrials and tech, those are markets that are attractively priced in our mind. and as you look at areas that might be a little more expensive, i'd look at things on the safer side like a consumer stapaels. we have -- cheryl: mark sebastien, oil is on a tear, we lost a little today. we were at $43 three traded sessions ago, boom, here we are mark, the commodities are something to talk about? >> a lot of people look at it

as a supply story, it wasn't. it was a dollar story. we figured out the supply issues with oil. you're seeing it come off-line. we're in a position where we're not going to get a v rally but we'll have the l-shaped rally or u-shaped rally with a base of u. i think oil will be in the 45 to 50 range. i don't think we're in a position now where oil is going to make a quick move up to 80, which then affects interest rates part of therene the 10 year is doing what it's doing, is oil is staying low. that is going to allowed fed to continue this path of really de facto raising rates without actually affecting the rates. david: talk about the dollar being high. i think there's no doubt about the higher the dollar, the more oil that's likely to go down or

stay where it is. how does the strong dollar affect your investments? >> right now they're not affecting my investments. and i'm mostly a trader and staying with the tech sector. david: so you don't -- let me interrupt you, you don't look at a tech stock that might have overexposure in europe or something? >> for those stocks i'm not in. david: so it does affect you? >> yeah, it does. i'm not going to say i'm not in any of those. obviously, they have even something like google has exposure, but for the most part, i'm not in priceline right now or any those tech stocks or cisco or it could have a lot more exposure because i don't know what's going to happen with the dollar in your terms. cheryl: google got a new cfo, the morgan stanley cfo leaving to go google. what do you make of the us. >>. >> it's fantastic. on the last earnings call google said it was going to be more shareholder friendly. they're giving you a good statement that this is a stock that you probably want to own.

there is probably a dividend or a buyback coming. david: jim, what about intel, i know you like it, why? >> i like it because of inexpensive valuation with reasonable p/e ratio and dividend yield above 3%. the issue of the dollar being strong has obviously impacted the multinationals. intel included. intel stock price has been hit because of that. so the market isn't anticipating mechanism, lose well in advance of the underlying instruments. so intel is a bargain today because it's already discounted. cheryl: he's right, it's gotten really hit. jim, rachel and mark. thank you very much. appreciate? david: wonder why mark was shaking his head. we have to wait until the next time. blowout, housing numbers making it a lot tougher for the fed to hold off raising rates. one fed president says we're going to see a violent reaction. his words. violent reaction in the markets when rates go up. is he right? cheryl: plus, reports say that

israel spies on iran's nuclear talk with the united states. what information did israel get and can it be used against us? we'll talk to former cia director james woolsey. david: should be good. and fema denying emergency preparedness money, billions to states that deny climate change is man made. what's up with that? will your state miss out on millions millions in funding and what will that mean in case of emergency? we'll talk with a panel coming up.

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. cheryl: a bombshell new report says that israel spied on the itestas dung closed door nuclear talks with iran, and if that wasn't enough, israel shared what it learned with members of congress in hopes of killing any nuclear deal with tehran. david: the "wall street journal" report comes as president obama and israeli prime minister netanyahu's feud intensifies. joining us with his reaction, former director of central intelligence, james woolsey. i think of jonathan pollard, been in jail for a long time. he was a spy. he stole information, secret information, that's a spy.

being mislabeled as spying? >> not really. i suppose you could get it within the spying box if you really wanted to, but this is very odd to cause this kind of flap. we had a situation where the reason the united states knew that the israelis knew some things that we hadn't told them about the talk was that we were spying on israel. this news is what the "wall street journal" story says, and furthermore helping the israelis work up systems and equipment to do this more efficiently. it's not as if spying back and forth between israel and the united states on some things is an extraordinary event. i think what's going on here is the same thing that was going on with bibi netanyahu's speech on the congress. in and of itself, it's not really a big departure, and israelis and americans talk to

each other in government and all sorts of ways. i think that the white house is very, very opposed to anything that might undercut their ability to have this deal with the iranians, and so they look for things like seeing if they could help create a spying headline, or getting really, really irate because the israeli prime minister talks to members of congress. well -- and i think the whole purpose of what they're doing is to try to knock down anything that might stand in the way of this agreement they want to do with the iranians. personally, i think it's a pretty bad agreement the way it's emerging in the press. cheryl: interesting take why this is coming to light. journal piece this morning. what is spying exactly? are we missing the word? >> good question. generic term. sometimes it's espionage, recruiting a spy. someone who will do something for you inside a foreign

government. doesn't look like that happened here. sometimes intercepting communications that may have happened here. there are different ways to get technical intelligence, which we can't talk about on television. but generally speaking, it's stealing information, and it looks like here the information was all out there. bibi netanyahu went to the white house in january and told them that he was going to oppose this deal with iran that they were negotiating on. they didn't like it, but the prime minister of an allied country went and told them that. that's not the way you conduct really crafty spying. this is very much exaggerated, i think, by wanting the white house -- white house wanting to have this deal go through, even though i think it's not a very good deal. david: director woolsey it

leads us astray from our main duty which is spying on our enemies, not spying on each other. we are friends, allies. i'm a simple guy, if somebody said death to america i think that's the enemy. >> that is the enemy. david: that's the person we spy on, that's the person we are supposed to be against. >> bingo. you are completely right. i think it's gotten exaggerated far beyond. we've just gotten into a situation where anybody uses the word spy in a headline immediately creates a flap, and the story in the "wall street journal" is first rate, it's very balanced. the headline is not. cheryl: i want to ask you really, really quick, we had the press conference today between the new president of afghanistan and president obama, the troop withdrawal. we're delaying. that he still says, our president does, we'll be out of there by the end of 2016. is that a good idea in your

opinion? >> i think it's still too fast. we don't want afghanistan to go the way of iraq, and iraq things went badly in the early 2000's, by the surge, we were in good shape when president obama came. in he pulled the troops out very fast and we have the chaos that is iraq now. we don't want that happening in afghanistan. he delayed some of the people on the ground, and delayed special forces and target where the drones would attack and so forth, that's good, but it may need to stay longer than he said and there may need to be more of them. he ought to listen to uniformed military and not going for public relations saying hey, hey, i got out of iraq or afghanistan. david: he could do worse than listen to you. please come back and see us again, pleasure.

>> great to be with you. david: we want to know what you think. is the president taking the right or wrong track on israel? send us a message on facebook or tweet us, your answers straight ahead. the $27 billion man. can nfl commissioner roger goodell deliver on his ambitious goal for league revenues? we'll tell you exactly how he is trying to gain yardage next. cheryl: and radioshack reducts, why the winning bid for the bankrupt retailer may include your personal information. david: the supreme court taking up a crucial case, which the decision is going to have ripple effects all over the housing industry. you want to know about this, it could affect the price and value of your house. 80% of the poor in africa are rural farmers.

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that is the nfl bowl for boosting revenue. it might look to digital to move the ball in a big way. insiders say the nfl showing one game via internet is first step towards testing waters for digital rights. the first game is two of nfl's more mediocre teams. sorry if you're fans of the buffalo bills or jacksonville jaguars. it might reveal another clue for revenue strategy. kickoff, is 2: 30 a.m. in london. 9:30 a.m. on the west coast. in other markets it is looking at china. david: wow, nfl in china. who knew. strong housing numbers today. cheryl couldn't believe numbers. she had to check them twice, make a fed rate hike a little more likely. will the hike be followed by a quote a violent market reaction, words iced by st. louis fed president james bullard today. let's bring in our panel. we have fbn "outnumbered," all

women, one guy, that is me. sabrina schaefer. carey sheffield, fellow, competitive enterprise institute, forbes contributor and cheryl casone is still with us. this is your bailiwick. what did you think of the numbers. cheryl: i showed a jump 150% gain for northeast for contracts of new homes. where was the weather? i realized people were concerned about rates. they know that the interest rate hike will come. mortgage rates can't stay this low. we're 3.7%. no matter what, it was freezing, rains, snowing. they jumped out there david and signed a contract. i was shocked. david: the question is whether if rates do go up, they clearly will at some point whether the market was freak out like bullard said they would today? >> i wouldn't put it past the market. we saw in the 2013 the taper tantrum we called it when the

fet started taking away the punchbowl with quantitative easing. we could see something similar. that is why the fed is so cautious. there are key indicators. inflation is not as high as they want to be. the real unemployment rate which incorporates discouraged workers -- david: still very high. >> still very high. i think it is, the fed is being very cautious. we could see a pretty big backlash. david: sabrina, one thing this market has done since ben bernanke came on, some people would say under greenspan, they have been too differential to the marketplace. they haven't been caring enough for main street. they care more about wall street. what do you think? >> there has been sort of a cautiousness here but reasonably. he want to make sure we avoid the volatility we're talking about but i think at the same time there is other side of the coin we have this ad hoc sense, we have this word patient keeps being thrown out there. the sense that we don't know when this is coming. of course markets don't like that kind of a surprise. david: i wonder if janet yellen will stand up to the markets. so far i haven't seen it from

the fed. moving on or maybe even backwards, there is a new rule that effectively denies federal emergency funds to those governors who won't pay taxpayers money on global warming policies. but, doesn't this cross the line in dictating political beliefs, sabrina? >> first of all, who knew fema was in the business of regulating free speech, right? this is sort of unbelievable to me. first of all that is really important to be in shoes of different governors, different environmental mandates, some are very large. nearly $500 billion federal programs intended to change our behavior, to change the environment. our damaging are states. governors have to look out for their environmental interests as well as their economic interests. make sure there is job creation, economic growth in their state. this is terrible. david: carrie, to apply a condition, political condition whether or not one receives health in emergency seems to me to be outrageous. >> this is political football with people east lives. i think it is scary. i have a question for fema.

look, if you're a state, a governor, you already don't have a plan for a hurricane, you're already a bad governor. so i want to know, what i want to know is, big changes are going to happen related to climate change that we didn't already have before? we had tornadoes. read the bible. we have had floods for time in memorial. david: that's right. one of the governors involved, cheryl is bobby jindal, governor of louisiana. we know katrina, another hurricane will new orleans in the future. what happens if they lose federal money? >> there will be egg on the face of the president at that time. what is interesting, not just about fema. we've seen the push into regulation through the epa. look what the administration does with the epa recently, really overstepping. david: outrageous. >> it is scary. david: comingp next do do if you're the president don't like a business for some reason or another? do you cut off their funding? we'll debate operation choke point. we'll look at what is going on

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david: so just as hydraulic frack remembers get getting hit hard by lower oil prices getting hit even harder by new government regulations and those hits could end up costing poorest among us as gas bills go up.

we're back with our panel. sabrina the numbers are extraordinary. you look how fracking for natural gas has really caused natural gas prices to go down $13 billion a year since 2007. and per capita spending on natural gas has gone down $200 a year. this is helping the common man. >> oh, it absolutely is, david. and what is crazy about this, frack something already heavily regulated at the state and local level. what radical environmentalists are upset about they're not regulated necessarily the same way in every state. but of course we don't even want that, right? what happens in texas and pennsylvania and north dakota is different. the terrain is different. so they're never going to be happy to see federal regulations but that is going to hurt all of us. david: one rule doesn't fit everybody, carrie as sabrina is saying. >> to your point about poverty, i write a lot about poverty. democrats and liberals say they're for the poor an little guy. unemployment for african-americans is double what it is for whites.

this, poor households spend more as a proportion of their income on energy, relative to wealthy households. david: that's right. >> this is going to hurt them. president obama in 2012 tried to take credit for the renaissance in shale fracking. david: that, i think that is pretty transparent, cheryl. i don't think anybody fell for that one. >> right. david: the bottom line, it hurts the poor more than it hurts the upper middle class or rich because they can't avoid these price. >> one thing the president's keeps saying he wants to see is job creation. all we've seen between the oil and gas industry, and fracking industry as well, they're tied together, a lot of sail companies are doing both is job losses. numbers coming out of texas, the energy industry is losing jobs. that is opposite of this president. he will really hurt the next candidate for president if you think about it really. david: this next axiom is not writen in stone anywhere but not all businesses are equal. at least in the ice of the administration a policy known as operation choke point, meant to squeeze businesses that the

administration doesn't like with tighter loan policies, guidelines, tougher regulations, what do we make of this, carrie? >> i have to give a shoutout to my colleague ian murray, at competitive enterprise institute. he done great stories on this awful operation, operation choke point. and squeezing payday lenders, targeting the poor. we already foe that poor households have been squeezed by dodd-frank. dodd-frank is squeezing community banks. community banks are getting dried up. so these poor families are going to payday lenders and other types of businesses targeted by operation choke point. what is going to happen, it will drive people into the black market even further. they will be even further detached from the official financial services market. that is unintended consequences. david: the fact, sabrina the sin stocks, casinos, tobacco companies, liquor stores, et cetera. maybe there is a role for government to be tougher on them than kmarts?

>> first of all i want to know what's next, right? will it be sugar companies? chemical companies. the fact the administration when they can not pass things through proper legislative channels n this case, one of the things that they're after are gun manufacturers. when they can't pass certain changes to the legislative channels they use the regulatory state. these are legal, businesses, whether we're talking about gun manufacturers or tobacco, talking about payday loans. my question is, where is the choke point when we talk about government-run lotteries for instance? they are talking out of two sides of their mouth. david: cheryl, this is kind of an end-run around the constitution. >> well you know i think one of the things that carrie brought up i want to pick up on, the fact if you look at institutions why people are going there, we did see a lot of predatory lending practices particularly in the mortgage market, leading to the housing crisis, fair enough. they keep harping what happened seven, eight years ago. frankly it is time to move on, sorry. >> cheryl we have to point out the lending to subprime houses

was mandated by the government. david: that's true. they forced, remember who it was, andrew cuomo, now governor of the bite state of new york when he was head of hud, he was mandating all of these policies, subprime policies. panel, we have to leave it at that. don't forget, catch myself, sabrina, carrie on "forbes on fox" every saturday morning 11:00 a.m. eastern on the fox news channel. thanks to all those who watch. we have a nice audience. cheryl: like "outnumbered," david asman edition. the supreme court heard arguments today in a case have e housing market. a court will decide that if a homeowner declare bankruptcy can get a second mortgage wiped out if the home is worth less than the combined two mortgages. bank of america said bankrupt homeowners should not be cleared for a second loan if in trouble with the first. a decision is expected in june. the 11th circuit court of appeals said you know what?

they're with the homeowners. david: you will watch that. super mario, talking about draghi, his stimulus sending european markets to near record highs but will economic reality spoil the easy money party? one of europe's top businessmen is hear to weigh in next. cheryl: taking on cancer head on. angelina jolie has a message for women. there is nothing to fear. her remarkable story and that decision is coming up. don't go anywhere. ♪ ♪ ♪ (under loud music) this is the place. ♪ ♪ their beard salve is made from ♪ ♪ sustainable tea tree oil and kale... you, my friend, recognize when a trend has reached critical mass. yes, when others focus on one thing, you see what's coming next. you see opportunity. that's what a type e does. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy. e*trade. opportunity is everywhere.

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david: european markets have been getting a temporary boost from central bank money printing but the underlying problems that keep the region mired in slow growth remain. so is it going to sink back in recession when the juice from the central bank stimulus runs dry? joining us is one of europe's leading entrepreneurs. the founder of libertas institute a pan-european group dedicated to free markets, and free minds. good things. thanks for being here. what about this current stock market rally in europe? is it short-lived, a flash in the pan? >> we're seeing a lot of moves with the euro. we decided to to do quantitative easing in europe as well. david: what do you think of

that? is that a good move or not? >> i don't think so. david: why not? >> this is sticking plaster of bandaid for bigger problems. i think what european needs a pan-european bankruptcy code. we need much more liberalized bankruptcy laws in europe. we need to allow freedom to fail. we need to stop bailing out failed industries and banks. we need to solve a burgeoning problem which is pension time bomb in europe creeping up on us not being addressed. david: sound like what you're saying fundamental problems that create the slow growth. i think we can put a growth up on growth in the united states. as stagnant as our growth is, yours is even worse and coming out of a recession. what mario draghi is doing not really in essence dealing with the fundamental problems, the underlying problems of regulation and such? >> that's correct. i mean, look, europe is a market of 500 million people but for example, there is no free market in services. so only for good. so quite mercantilist. it worked very well for germany.

david: crony capitalism. >> right. and crony capitalism is chronic in europe. so we have, for example, the french government always pursuing, even sarkozy was doing it, promoting idea of national champions. picking winners. what europe needs to do is foster an environment for small and medium-sized enterprises, entrepreneurs of europe, to be able to invest, to raise capital, to be able to provide services and goods that people want, like jobs. david: you're not only a entrepreneur, you also got involved in politics. you ran for the european parliament at one point? >> i did. quick backstory i was looking to do roll-up in power industry in europe. i started to read the draft european constitution which was 496 pages. and after i read the first nine-pages, i read all of it, i read the first nine-pages i was alarmed. like reading some sort of manifesto. david: like reading obamacare. >> it was much worse. like reading marx.

it talked about building europe's social market economy, whatever that is. david: so you tried to run for parliament, to change things the way you say europe needs to change. you didn't get there. and i look around, i look what is happening with greece. they have got a marxist government there now. spain has a marxist waiting in the wings. so is there any hope that the right people of the free market people, might take over straighten things out? >> look, i'm entrepreneur. so i have to be an optimist. i'm very optimistic about the direction that europe can take. sometimes things have to get really bad before you can fix them. david: that's truce. >> we're pretty much there. i think, i think we're going to hit another dip. i think there is pensions time bomb is another issue. i think this qe will end up being very expensive. and, but i think when that time comes, the fact that free markets, ideas that promote democracy, promote freedom,

promote free markets, promote entrepreneurship, it will become very obvious to europe's citizens, this is the right path that will bring us -- david: did it before with maggie thatcher. we have to wrap it. i have to ask you very quickly, made your first fortune in russia with the demise of the soviet union. what do you think of russia now? >> oh, that, it's an enmig ma to put it kindly. i'm very worried about where vladmir putin is going. i'm very w worried for the baltics. i think the west is playing all wrong hands with putin. david: do you think he might go after estonia an baltic countries? >> to make a long story short, yes i do. >> that is something. wonderful to see you. please come back. >> i will. david: thank you, cheryl. over to you. cheryl: david astonishing story. actress angelina jolie under going a dramatic and potentially life-changing surgery but why? we'll have the details coming up jeff flock is joining us live from a gummy bear factory to talk about the benefits of

low sugar prices. jeff? >> you are looking, cheryl, at 240 tons of sugar. that is what each one of these is a ton of sugar. i will show you iconic candy this will turn into very shortly. stay tuned. >> hi, everybody, i'm gerri willis. coming up on my show at the top of the hour, the latest on the plane crash in france. what should we all know about the safety of low-cost airlines? that is just one of the big stories coming up on "the willis report" in just a few minutes. ♪ (trader vo) watching. waiting. for that moment, when right place meets right time. and when i find it, i go for it. (announcer vo) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus powerful mobile apps. and now, get up to a two-thousand-dollar cash bonus when you roll over your 401k or ira accounts.

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david: if you ever shopped at radioshack, i know i did, look out as part of the company's bankruptcy action, names, phone numbers, email addresses of its customers, even those who made purchase as long time, years ago, are all going to be part of the auction. more than 13 million email addresses, 65 million names, and physical addresses will be available for those who buy things from radioshack at the auction. >> wow. also this, angelina jolie has undergone surgery to remove her ovaries and fill hopian tubes after doctors detected possible signs of cancer. this comes after jolie's double mastectomy for the same reason. jolie suffers from a gene mutation which greatly increases her risk of developing both breast and ovarian cancer. jolie revealed in

"new york times" op ed piece for several months. david: we're praying for her. if you have a sweet tooth, sugar prices are lowest since 2009. >> strong dollar, low sugar prices are great for sugar lovers. jeff flock is with us. at a confectionery. >> the gummies are literally flying through the air. you stick your hand in the air, next thing you know they're full of gummy bears. of the not just gummy bears but sugar in general. look at prices. sugar futures have not been this low since 2009. as you report it has a lot to do with production outstripping demand for five straight years. this is good news. >> yes it is good news. >> yeah. but you still obviously have to buy sugar on the american market which is higher than the world market? >> yes. we're happy with a decrease recently but we would still like be a i believe able to play in the free trade market. >> take a look at the u.s. dollar because the strength of the dollar is one of the keys on

this, versus the brazilian real. the strength of that dollar really makes those guys want to sell into this market. >> yeah, it's true. >> it is a boom for companies like this. these are the gummy bears. these are the ones you're discarding for some reason, right? not all gummy bears get to go home with somebody, right? >> no. sometimes they're imperfect. we sell them up in our factory out let stores, imperfect gummies. >> gotcha. we leave you with a chart like other companies like krispy kreme doing well when input costs are down. what a great place. i feel like i'm charlie. >> i'm thinking krispy kreme. i'm thinking dunkin' donuts. all the good sugar. including gummies. with jeff, i think you like them now, don't you? >> i'm a chocolate fan but these gummies are actually pretty tastety. they have a special a on them, which means albanese. >> thank you, jeff.

we've been asking you if you think the president is taking right or wrong track on israel? mike says, president is absolutely wrong in his handling of israel. they're our best ally in the middle east. giving iran favor over israel. david: a lot more. no time. thanks for watching. >> hello, everybody, i'm gerri willis. this is "the willis report," the show where consumers are our business. many unanswered questions have a budget airline crashes in the french alps. >> no discall from the plane or the pilot. gerri: do consumers need to take a hard look at safety record of low-cost airlines. warning for parents who smoke. we'll examine a new study on long-term effects of second-hand smoke on kids. should people be able to wipe out a second mortgage in bankruptcy. >> the homeowners say the law allows bankruptcy court to eliminate second mortgages because they're totally worthless. gerri: we'll dig into this important case before the supreme court. what it could mean for all