tests things may not be as bad as they seem. [closing bell ringing] biotechs, don't forget, tripled since 2012. there is worry about a bubble. david: oil was up big time. closed just below 50 a barrel. it didn't feel, actually came down below 49 a barrel. still oil stocks, doing extremely well because of oil up. while all the indices we're looking at right now, look like disaster time, particularly down at the bottom when you see nasdaq down over 2 and a third percent. there were some winners. kraft and oil stocks pause of a pop in oil. cheryl: food companies did well today. we'll take it. "after the bell" starts right now. david: it is official by the way. this is the biggest selloff on nasdaq, the tech-heavy sector in 11 months. so it is a bad day. let's get into today's market

action. see what is going on. harris financial group's jamie cox, says one economy improving faster than the u.s. he will tell us where it is. todd horowitz at cme. todd, what is going on? >> hi, david, hi cheryl. it is ugly, right? you know me, i'm the biggest bear on the street. this is more of a profit-taking selloff. this was not critical. i don't think they broke any major technical indicators. if you follow the vix, we didn't have a big move, it was 10% but went from 13 to 14. david: friday is the end of the quarter. what you're saying a lot of these institutions want to get their profits in before the end of the quarter? is that what is going on? >> i believe that to be the case, david i don't think the market is ready to break down again. we saw severe pressure. ad on what they start. fear isn't back in the market. i look at this normal selloff. i look for a rally i want to sell into.

this selloff to me is profit-taking. very gentle. it is a lot of points but gentle selloff. has been no panic at all. slowly down all day long and drifting. cheryl: jamie that question to you, you're looking al volatility. we're looking overseas issues. greece is one thing happening. today of all day, besides the durable goods numbers that really would push us down to this level. what was it, in your opinion. >> there is no explanation why markets go down, we're in the period of time before earnings released, companies doing buybacks can't buy their stock. at this particular point in the market, there is a little absence of buyers that occurs because of earnings before every single quarter. that is contributing a little bit of downside to stocks where you have lack of buying, lack of volume. david: todd, let's talk about what might affect earnings. there was a study that came out today, i know you have studied this yourself, 47% of americans

are living paycheck to paycheck. 47% of americans have no savings. that means they have no discretionary income. doesn't that hurt corporate revenue? will that show up in earnings reports we're likely to see? >> it has to show up. we've been talking about this quite a while, i always felt middle class never came out of the recession because they don't have money. 41% of americans are on some sort of public aid. they don't have discretionary income to spend into these companies. what they have done for the past couple years, they have been able to buy back stock. they make their balance sheets look better with the artificial manipulated money. when it comes to real growth and real purchasing power we're not seeing it. everybody said oil would be a great thing. we'll see a big push into buying discretionary. guess what? we haven't seen it yet. why? because the average guy is not making enough money to buy those goods. they're trying to get through the next paycheck. cheryl: jamie, to his point, this goes to the overall economy

which many said the markets are completely disconnected last couple years despite the bull run. look at one sector that did really well, health care. five-year anniversary of obamacare. those stocks have taken off. i no you still look health care. is that something we should looking to if we have selloffs like today to buy into? >> i think health care stocks are particularly favorites among retirees and those people who need income because those are areas where you get good solid dividend yield. in addition people will buy what they're used to consuming themselves s. company like merck that produce produces drugs, people that retire will consume, they see these things when go to the pharmacy see them on prescription labels. they want to invest in those things. cheryl: you like merck? >> i do. 10 billion-dollar buyback. they are hitting on all cylinders. they have a medical no, ma'am drug came out of trials. they stopped trials because it was doing so well. these are areas, this company really has done well. it had trouble back in early

part of 2000. had difficult with vioxx but now a good company to invest in. like you said with obamacare, these, this health care sector is sort of running, no end in sight. david: jamie, keeping with our conversation we were having with todd about american consumers and so many americans living paycheck to paycheck, why would american express be bun of our picks? if you're concerned about discretionary spending, and there are reasons to be concerned when you look what is happening in the economy, why are you for american express given that as a background? >> i like american express. i think there has been a lot made of the costco news. when american express lost the deal with costco and went to mastercard visa type arrangement, people have really sold that stock down. i think american express, it serve as higher end consumer. most people have american express have higher incomes. i think apple pay situation will actually be a major benefit for, you know, american press in

general. people with apple watch or afford to buy iphones tend to have american express cards. that is a story hasn't been told yet. they talked about they will meet their revenue targets. they will meet their eps growth targets and continue to buy back their stock. they bought back 3 1/2% back of float, have done for last three years. they're not hurting in the, if you're going to invest in that company. a good place to be. cheryl: i hear you on that one. we're almost out of time. todd i want to go to you on a couple things. about david's point about the consumer and economy and debatable topic, we're seeing with regards to economy space, basic bag bone of our lives, soybeans, sugar, all the commodities right now, what is going on with those markets today and those contracts because it has been very volatile lately and that affects all of us? >> we need to look at the soft commodity, corn, soybeans, wheat. they have been under pressure but they have really held down pretty well now. we take the overall strength of the dollar. that pushed them down, plus

oversupply of last year. all of sudden they found a nice little base. if dollar gives up a little room, i think commodities themselves found a great level, a great space. that is space i'm look to get into myself, to get into soft commodities. any help on dollar we'll see a rise. big acreage report comes out next week that will give us planning going forward. they're supplied a lot. at the end of day they're at a level they can't go much lower. always same, commodities push too far one way or other. cattle market another problem. cattle is so highly priced you can't buy any. average guy can't go into the store to buy a steak. that is really a problem. >> chicken. david: the question is really whether the stock market itself has gone too far in one direction based on what happened. jamie, 11 months we haven't seen nasdaq go down as far as it went down today. are you going into the market tomorrow buying with your cash, or are you going to hold off a little bit? >> we don't do it that way. i don't pay attention to one-day

moves in markets. that is irresponsible way to invest for the people that work for. david: but if you see a bargain, in front of your face you will not ignore it? >> that's right. at this particular moment i don't think a small sell-off like this one is big enough to go in full bore on nasdaq. i think there is more to go before it stops. we see 3 to 4% corrections pretty consistently last year. that is what we're looking at short run here and it will resume higher. david: good stuff, guys. jamie cox, todd horowitz. thank you very much. >> cooking up a very hot deal. hinds announced it would buy kraft foods in multibillion-dollar deal, creating one of the largest food companies in the world. david: of course the deal not necessarily good for everybody. adam shapiro joins us with more, adam? >> that's right, david. let's talk about who it will impact. talk about some of the products all of us probably have on shelf or two. philadelphia cream cheese. oscar meyer deli sheets.

maxwell house, good till the last drop. jell-o brands. that is 98% market saturation for north america in america. heinz ketchup. not bad for a company that started in late 1860s selling horseradish. here is the deal. when 3g capital with offices in rio de janiero as well as new york city, bought heinz and assisted in financing of that deal with mr. warren buffett, when they bought heinz subsequently led to layoffs or firings of about a thousand people. when you look at 1.5 billion kraft and heinz say this merger will save going forward, come 2017, analysts like meyer shield at keefe bruyette & woods, think you will only do that by firing people. here is the quote. it is press release version saying they will fire people. when you look the fact the deal is not accretive until 2017. that tells me it is only accretive after all efforts to

reduce expenses. that is what 3g does. they have quite a history. to go through the timeline. in 2010 they bought burger king, $4 billion. 2013 they bought heinz. then in 2014, this was a big headline, they took burger king, bought tim horton's, everyone thought this was a tax dodge because it is headquartered in canada. that was $11 billion deal. they formed restaurant brands international with burger king and tim horton in december 2014. now 2015 they're buying kraft. hinds is buying kraft. all about the food. cheryl: big food merger. don't mess with my mac and cheese prices. david: by the way you notice we're all wearing red ties. i think we had instinct. >> no. this is orange. david: okay. whatever it is, bottom line it is a very red day today. nasdaq hasn't seen a day this bad since april 2014. so it is 11-month low for nasdaq. >> adam, thank you for the report on kraft and heinz merger. we're still having a bad day. who is expert in the food world?

charles payne had ideas for our viewers he says keep an eye on new names. white wave foods. ticker wwaw. that stock could be a target as more and more consumers seek healthier foods. white wave. i think that oreo company. the baby boom in nations with growing middle class would make that company a target. david: got to listen to charles. cheryl: yeah. david: for all the hype surrounding tesla, at the end of the day is it really a regular car company but one that loses money? our panel debates that coming up. cheryl: speaking of cars, ford unveils its new ford focus rs for the u.s. market. david: looks like a gran torino. cheryl: i can't wait. a fast and furious car that has enthusiasts. it is all about the horsepower, david. david: want to bring an umbrella l.a.? cheryl: do you have an an umbrella? i don't, unfortunately. somebody downstairs has.

april 15th tax deadline, folks. the professionals are sending out a stern warning waiting until the last minute. some people think it is great idea. no, it's a big problem. we'll tell you why with the founder of liberty tax, ceo and founder, straight ahead. you don't want to miss that. coming up here on "after the bell." ♪ the future of the market is never clear. but at t. rowe price, we can help guide your retirement savings. our experience is one reason 100% of our retirement funds beat their 10-year lipper averages. so wherever your long-term goals take you, we can help you feel confident. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. call us or your advisor. t. rowe price. invest with confidence. when the moment's spontaneous, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph,

like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or any symptoms of an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a free 30-tablet trial. "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.

just because i'm away from my desk doesn't mean i'm not working. comcast business understands that. their wifi isn't just fast near the router. it's fast in the break room. fast in the conference room. fast in tom's office. fast in other tom's office. fast in the foyer [pronounced foy-yer] or is it foyer [pronounced foy-yay]? fast in the hallway. i feel like i've been here before. switch now and get the fastest wifi everywhere. comcast business.

built for business. david: we've got some breaking news for you from iraq where it is now official a u.s. defense official confirmed that the order has been given for us air strikes against isis forces in tikrit. what this means, just to put it in context very quickly, is that the u.s. is supporting by the air, iranian ground troops who are leading this assault into tikrit. they have become stymied in that assault. so they needed help from the air. but again, strange set of circumstance where us air support is being used for iranian troops. remember just last weekend, iranian officials were calling for death to america. strange deal from iraq. cheryl? cheryl: on the heels of that breaking news, breaking news from yesterday that fatal plane crash in the french al manies. it did kill all passengers on board including three americans. we learned that today. investigators are working to figure out what caused this tragedy. voice recordings from the

cockpit are being extracted from one of the black boxes discovered in the wreckage in hopes of finding more clues. david: joining with us very latest on the investigation is fox news's greg palkot. greg, what is the latest? >> dave, cheryl, i guess the most important news we have gotten just about an hour 1/2 ago from french investigators, they are extracting useful information in their words, from that first black box. that's a cockpit voice recorder. and they are searching for a second black box. there is word they found the casings of this. this would be for a data recorder, but the data recorder wasn't inside. as teams scour that site for looking through the debris and also through the victims. remember, it was a germanwings airplane. it was airbus a320. it lifted off from barcelona, took off from bars loan narcs headed towards dusseldorf. crashed into the french alps. scene there, second day of teams

combing through that site, broken up plane and parts of those victims, 150 victims. again, the voice recordings very important for investigators to try to figure out why that plane into this steep descent, steep but controlled descent for ten minutes. most importantly why there was no mayday call at the site today, we saw french president hollande, german chancellor merkel, spanish prime minister, three main countries involved and, we learned more about the victims. they came from all over the world. more than a dozen countries, including as you folks noted, three americans including a mother and a daughter. third yet to be identified. now the wait comes for the families, for the american families and others to recover their loved once, to come up with answers. finally, guys we got some possible theories knocked down by the investigators again in this briefing about two hours

ago. they do not think it was a midair explosion. some people had thought that. they saw shattered debris all over the side of that mountain, said, wait a minute, it must have blown up. and that was left. they don't think it was that. they also don't think it was depressurization in the cockpit, which would have knocked pilots out. if that would have happened the plane would have gone straight as an arrow as we know down like a rock for ten minutes. finally however they don't have an explanation yet. back to you. >> greg, really quick what is the next step in the investigation? >> finding finding that second black box. we think they have the casing but getting the apparatus inside, that's the data and that will provide a lot more information. the timeline they have said about the examination of the first, the voice recorder, is that possibly in the next couple of days they could have some preliminary results but again, we also have word on the victims

side that some victims already have been recovered from the mountainside. that will continue next couple days as families are brought to that scene. juggling, scientific, technical, as well as a real human story there, cheryl. cheryl: such a shame. greg palkot, thank you very much. david: the supreme court today hearing charges from the coal industry and also 19 governors that new epa rules will cost too much and too many jobs. is cleaner air worth all of these costs? a subject for our illustrious panel. we have nomi prins, demos senior fellow, author of all the president's bankers. gary kaltbaum, fox business contributor. kaltbaum capital management president. cheryl casone is still with us. gary, what do you think? we got the cost which will be a lot of jobs and a lot of money but the benefit is cleaner air. is it worth it? >> well the epa, who is their own little fiefdom, almost like the fed, no accountability, continues to come out with rules

and regulations that are just killing the coal industry. i just think the train has left the station already. i'm not sure the supreme court is going to do anything about it. while these companies are coming out saying you're killing us and costs are too much, the epa counters it is good for health and environment. we'll get it on the back end. supreme court has a tough choice here. david: nomi, is this beginning of the end of the coal industry? >> i do think that the supreme court will uphold what they did last year. this has been a bipartisan, sort of fight against emissions. yes, it has some repercussions on coal industry. i completely believe we can walk and chew gum. we can create subsidies for the industry to convert or enhance other businesses to help with their emissions but i think it will be upheld. this has been a 25-year in the making type of emissions standards. david: right. >> i think it is going to hold. david: cheryl, i think we can walk and chew gum at the same

time as well. at least i know i can. the fact is there are ways to clean coal. there is extraordinary new research being done how to create cleaner coal, burn cleaner, et cetera. why can't the president give a little on some things, the coal industrygy a little, come to compromise instead of two bulls head-to-head? cheryl: you're right, there are great technologies out there, but at the same time this country runs on energy. you want to keep the lights on. we've been having that argument for years and years with regulations moving too fast. if the administration would slow down and bring in new technology. david: they're not going to. they're not doing it. they're not slowing down. cheryl: that is what they should be doing. david: i don't think it will happen during this administration. moving on, tesla got a black eye from "wall street journal" columnist holman jenkins, who wrote, policy of subsidizing rich people with $7500 tax credits to indulge themselves with tesla's product was not seem as sound basis for a scale

auto manufacturer which tesla aspires to become. cheryl, you're about to see a fork, good old-fashioned ford with a regular engine. what do you think of this? would tesla survive without the government's help? cheryl: no, in fact tesla made an amazing business out of subsidies just like the solar industry made a amazing strong business out of subsidies until they started pulling them back. tesla has been on the dole too long. time for them to come out to stand alone as their own company. look, they're getting hurt right now with gasoline prices and oil prices still being so cheap out there. bad timing. it is a free market. tesla should be a part of it. david: gary, the fact is when my car needs gas, i go to gas station, take as couple minutes. i fill it up. if you're tesla runs out of juice, runs out of energy you have to stop at a station and wait about three hours. people can't afford to do that on a long trip. >> well, at stations they will have football games on so you sit there for three hours. david: forget it. >> let me say this, you used

word subsidy. i put another two words in front of that, taxpayer subsidy. david: that's exactly right. >> we're paying for people to buy this car. look when all is said and done, this is just a car. it is quite faddish. the valuation for the stock is ridiculous. david: yeah. >> it is half the market cap of ford and ford sells 70 times amount of cars. david: exactly. >> something will give one day. david: nomi, gary really hit on it. what is really unnerving about all this, taxpayer subsidies, middle class taxpayer subsidies millionaires who want a fancy toy. >> big go. david: these things cost over 100,000. >> exactly. in california i have split between really rich people being subsidized to buy teslas and regular people care about having gas and want more energy efficient cars buying toyota priuses. there is a place for both and you don't have to be subsidized. government doesn't have tosubsig one, sometimes two teslas.

there is the weekend test lakes please. >> i just want to be on record, rich people are regular people too. i just want to let you know. david: regular people who don't deserve my subsidies. >> true. david: coming up next with, our panel, a cleaner, high-tech version of crony capitalism. just as the feds were looking into google, executives from the company were going to the white house once a week. is that a coincidence? cheryl: plus, it is the car that car enthusiasts have been dying to see on u.s. roads. new turbocharged, ford focus rs. we've got it here live. it is a first on fox business look at this fast and furious vehicle. rain or shine, people. ♪

at mfs, we believe in the power of active management. every day, our teams collaborate around the world, to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration. the smartest or nothing. the quietest or nothing. the sleekest... ...sexiest, ...baddest, ...safest, ...tightest, ...quickest, ...harshest... ...or nothing. at mercedes-benz, we do things one way or we don't do them at all. the 2015 c-class. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services.

with toothpaste or plain water.an their dentures and even though their dentures look clean, in reality they're not. if a denture were to be put under a microscope, we can see all the bacteria that still exists on the denture, and that bacteria multiplies very rapidly. that's why dentists recommend cleaning with polident everyday. polident's unique micro clean formula works in just 3 minutes, killing 99.99% of odor causing bacteria. for a cleaner, fresher, brighter denture every day. we're reinventing inhow we do business, so businesses can reinvent the world. from pharmaceuticals to 3d prototyping, biotech to clean energy. whether your business is moving, expanding or just getting started... only new york offers you zero taxes for 10 years with startup ny, business incubators that partner companies with universities, and venture capital funding for high growth industries. see how new york can grow your business and create jobs. visit ny.gov/business

yoyour friends have your back. your dog's definitely got your back. but who's got your back when you need legal help? we do. we're legalzoom, and over the last 10 years, we've helped millions of people protect their families and run their businesses. we have the right people on-hand to answer your questions, backed by a trusted network of attorneys. so visit us today for legal help you can count on. legalzoom. legal help is here.

david: back with the panel. the subject of google's house calls. the white house, that is. the journal reporting today that just as google was being investigated by the government for antitrust charges, they were very frequent visitors to the

white house. nomi, is that a coincidence or what? >> no the way to buy influence is be a top campaign contributor check for google. to be at white house every week or so, another check for google. to magic jayly have antitrust investigations whether or not you're too big and too influential dropped in early think of the 2013 by the ftc. that is part for dash par for the course if you want to be monopoly in your field. david: gary, there was election around that time. they were gearing up for the election of 2012. google had this very strange formula that veered from regular algorithms, one sort i think the case could be made favorited democrats? >> you think. the biggest problem with this whole thing, david, it's the north. if you get off an airplane at washington national and walk outside you can smell the stench of political cronyism between the lobbyists politicians and

the big companies out there. and this goes on all the time. that is the big problem. and not only is google, they were not charged with really anything. they're now advisors to the obama administration. they're telling them what to do. david: that's right. >> they turned whole thing around. david: nomi, there was another incidence today, on cover of "washington post," "politico." terry mcauliffe, governor of state of virginia, a long history of crony capitalism, with global crossing, made $8 million when everybody else lost everything they had, billions of dollars, he apparently started this green car company, electric car company and needed foreign workers. he went to his buddy as homeland security. this is according to the inspector general of the hasn't been proven yet but he apparently went to the homeland security, interfered in a way that got him those visas quickly. now thank god we have these inspectors general. we have the them just about every agency. unfortunately when hillary clinton was secretary of state, she didn't have one there for some strange reason.

but we do have certain checks and balances, are those enough or are those being eroded? >> well in this case they are. in the case of terry mcauliffe as you mentioned under global crossing, i was around before that time, deregulation of telecom industry which helped global crossing working with the clinton administration. this is same thing but in green types of formulations and by passing laws and by passing checks and balances do we have enough? probably not. can ones we do have be more reinforced? probably but you know, as was mentioned this idea of crony capitalism, inside a resolving outside the private to public sector to use the public sector to benefit the you is all wrong. david: that is awful. i hate it. you expect it from the united nations. not necessarily to the degree which we see it in the u.s. government. nomi prins, demos, thank you. gary kaltbaum, what a pleasure my friend. thank you very much. >> thank you. david: the u.s. army announces just last hour it formally

charged former taliban prisoner and arm sergeant bo bergdahl with desertion. bergdahl was captured by the taliban after abandoning his post in afghanistan back in 2009. he was freed last may in a very controversial prison swap involving five taliban leaders held at guantanamo. bergdahl could face life in prison, or possibly capital punishment. in june 2014, u.s. national security advisor susan rice said of bergdahl, quote, he served with honor and distinction. clearly now, that judgment is in question. believe it or not, takes day is three weeks from today. one tax prep ceo will tell us why he says this year, you do not want to file any a later than april 15th. he will tell you why. newest hot catch. the all-new ford focus rs. it has 315 plus horsepower engine. look who is in the driver's seat.

cheryl casone is there. she braced the weather. she will tell us all about it in a moment. ♪ it's more than a network and the cloud.

it's reliable uptime. and multi-layered security. it's how you stay connected to each other and to your customers. with centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services - all with dedicated, responsive support. with centurylink as your trusted technology partner, you're free to focus on growing your business. centurylink. your link to what's next.

cheryl: i guess you could say there is slogan here, go fast or go home. i'm sitting outside on very rainy day in new york city in brand new ford focus rs, debuting next year. launching next year, but will be

debut and seen at new york city auto show next week. we have the a lot of buzz about this car and the speed of this car. little len y'alls all over it. tell us about it. >> couple of things. firstly we were talking early on about the horsepower. we haven't gotten the final horsepower but it will exceed 315-horsepower. first time, rs brand has ever come to the u.s., sold obviously in europe. china and australia as well. that is absolute top end of the performance profit focus. it fits into all the performance vehicles we're announcing. cheryl: talk about the cockpit because it looks like one. this car seems to me to be incredibly computerized if you will, down to heated seats, by the way i cranked up to 85 degrees, everybody, i want to be clear here. talk about the components of the car. why you think younger generation will be so into it? >> inside is pretty, pretty close to a normal focus. it has sync 3.

really exterior of the car. all new exterior, completely new exterior of the car. the fact you can select drive modes, drive normal, tough to think you can drive normal in an rs. you can go to drift mode. if you want to take it on track you can drift it in controlled oversteer on the track. cheryl: this is "fast & furious" jokes are happening. by the way windshield wipers work very well. figured out how to work those pretty much right away. bloggers have been going insay about the speed of the car. you're saying over 315. would that be potentially a new record for a ford vehicle if it goes that fast? >> top end for an rs, of course the, gt that we announced in detroit, has over 600-horsepower. so that's, almost, that is definitely -- cheryl: i missed that announcement. i'm sure jeff flock was there though. >> and ken helped us with the drift mechanism in this car as well. >> i was looking at some other ford focus models. the price points are actually

for the younger generation pretty affordable. seeing 20,000, 25,000. can you give me any sense what this car will cost when it goes to market next year? >> you tried to tease out of me so far. all i will say absolutely competitive range and true value of money. millenials off the charts on the blog. 65% of people who buy sts, remember this is above that, are millenials. we know it will resonate that group. cheryl: you can't have too expensive because millenials don't have high-paying jobs right now. you won't tell me. that is my piece of advice. he doesn't want my advice, obviously, dave. great car. beautiful car. should be a lot of fun. new york auto show kicks off next week. will be a lot of fun. david: i'm sure cheaper than a tesla. i know it is cheaper than a tesla. thank you very much, cheryl. braving the weather to do that piece. speaking of cars, overall americans are driving more, specifically more than 3 trillion-miles last year. this is highest since 2007. and this is bullish news for

auto parts retailers, looking for a way to make money on this? we have with us sterne agee. senior research there. good to see you, ali, thank you very much. let's get right to your top picks. advanced auto parts is your top pick. why? >> advanced auto parts is our top pick. actually leading way in consolidation of industry after acquiring general parts last year. we expect the acquisition to create tremendous shareholder value as company realizes cost and revenue synergies. trades discount to peer group average. we speak the valuation gap to close and as they digest acquisition and expand daily delivery to their stores. david: when i think auto parts, i think autozone. this is name you keep hearing again and again. analysts i know in the auto industry have been pushing it. why is that not your number one pick? >> autozone has highest relative do it yourself mix in the group.

they have 80% of sales on do it yourself. as vehicles get more complex. you're seeing secular shelf away from yourself and do it for me which is outside of autozone's growth bubble. we expect top-line growth for autozone to be muted relative to the next peer group next few years. david: so it is not a buy in your terms? >> no. it is neutral. david: neutral. o'reilly automotive, not talking about bill o'reilly here. why do you like o'reilly automotive? >> that they had a great run over last six years after acquiring cks auto. they have expanded gross margin 800 points since that time growing scale. stock trading 20 times forward growing estimates we look for pullback in shares before getting involved. david: finally pulling back looking at over all industry, retailers were expecting to get a big boost from lower gas prices. they did not get that big past.

in fact that -- big boost. that may be what happened with some of today's market move. why is it automotive parts are >> auto parts benefits from lower gas price twos different ways. benefit to low income consumer through extra disposable income, which are key customers for do it yourself auto parts retail. the next benefit you get through the benefits of vehicle to miles driven. vehicle miles driven increase for 11 months in' row. people are driving more. there is more wear and wear on vehicles. that stimulates demand for auto parts. david: from sterne agee, good to see you, ali, thank you very much. appreciate it. >> thank you for having me. david: cheaper gas prices also driving up demand for luxury homes on wheels. the rv business is booming. we're talking exclusively with the ceo behind some best-selling and most luxurious rvs. you can't get enough of this, can you? i can't. i love to see these things. county down to the tax day deadline. how do you maximize your return

and protech yourself from fraud? ceo of tax prep giant liberty tax, shares list advice. that is coming next. don't go anywhere. ♪

♪ help northern china reduce its reliance on coal fire heating plants and prevent 60 million tons of co2 emissions? when emerson takes up the challenge, it's never been done before simply becomes consider it solved. emerson. having a perfectly nice day, when out of nowhere a pick-up truck slams into your brand new car. one second it wasn't there and the next second... boom!

you've had your first accident. now you have to make your first claim. so you talk to your insurance company and... boom! you're blindsided for a second time. they won't give you enough money to replace your brand new car. don't those people know you're already shaken up? liberty mutual's new car replacement will pay for the entire value of your car plus depreciation. call and for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch to liberty mutual insurance and you could save up to $423 dollars. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance.

david: as we approach april 15th some taxpayers

may file later than usual thinking they're less likely to get audited. that could be a mistake. we have exclusive interview, john hewitt, love john, liberty tax founder and ceo. one hell of an entrepreneur. good to see you you. thank you for coming in. a lot of people think longer i put it off, maybe if i send it on april 15th, they will be too busy and better for me. what do you say to them? >> has no impact at all. audits happen a year-and-a-half later. won't even happen until 2016. so, non-event. david: wow. so, could it be worse in anyway if later i file? >> actually with identity fraud the sooner file you safer you are, that someone has not already filed and used your identity? david: why is that? >> whoever first to file using your social security number, your name is -- david: fraudsters will wait and then put it in the later, so if you get, if you get yours in

earlier, fraudsters less able to get your i.d.? >> irs only accepts one return per taxpayer. you need to be first to file. so that the fraud, typically happens earlier. and you have to, in order to avoid that, easiest way to avoid it file sooner than later. david: we have about two weeks before it's due. is it too late now? should have filed before now? >> yes. you should have filed earlier but you still, you still have several weeks. and over 50 million people haven't filed yet. so you're in a big crowd. david: irs has been going through a grind. part of it is, through no fault of their own. part of it may be through fault of some individuals there. but they, as a result, they're they have less money than they used to have. will that affect amount of audits that they do? >> it is. we met with the irs commissioner last week, industry. david: what did he say. >> said, we're down, we're down 300 million. we're laying off tens of thousands of people. we're not giving any money to administer obamacare or

immigration reform. so we're in a tough spot. i think caused an unprecedented cooperation between industry and the irs. the irs, we're working together to help avoid fraud and help taxpayers across the country. david: you mentioned obamacare. how much of a bigger burden is that on our tax forms every year? >> it is huge. it is biggest impact. it a game-changer. biggest tax change in 26 years. so it affects 30% of the population. they will have file an extra form. if they paid their obamacare, they will get a credit. if they didn't pay, they will pay a penalty. it is complicated form. will drive people from doing their own return to assist and preparers like liberty tax. david: particularly hard for small business people that don't have a lot of extra help usually with the taxes, right? >> it is. it's, one of the most complicated things that happened in my 46-year career in taxes. david: really? wow. did they do something other than stuff we know about? did they perhaps do some things wrong? you've been looking at it long enough to know, i mean in terms

of tangs purposes? >> if there was anything wrong it was in the bill that was passed, not what the irs done. the irs has done a great job putting it on paper. david: finally, the most overused expression and badly-used expression is tax reform. every time i hear tax reform i get nervous they will do something, making it more complex. but, yesterday we had ted cruz coming out saying he would make that a centerpiece of his campaign to try to simplify tax -- do you think we'll get any tax simplification as as a result of next election? >> in my career i've learned three certainties in life, death, taxes and change. there is certainty in every presidential election one candidate or more i will simplify taxes. david: but we have a real steps, simplification now in terms of the flat tax, going flatter. maybe not complete flat tax like steve forbes advocated but something close. wouldn't that make things simpler. >> it would, the problem this

is, this is difficulty getting something like that passed. number one, americans want fair and simple. there is nothing both fair and simple. you can't have both fair and simple. number two is, that 30% of the americans pay no tax. and if you have any simple system without exception, they are going to be taxed. take the 30% lowest, lowest income earning americans and say to them, you know what? time you get to pay your fair share. tired of rich people paying taxes. how many will pay fair share. how many will raise their hands to say i will pay. fair tax system, poor people will be hurt. david: john hewitt. liberty tax service. good to see you. >> good to see you. david: cheryl, over to you. cheryl: david the richest boxing match in history is getting richer by the day. details on unbelievable amount of money the may weather and pacquiao fight will take home. how much it will cost the fans. why be tied down to one

neighborhood when you can call the entire country your home for a pretty penny. the jeff flock taking wheel for us. jeff? >> we are on the road literally, cheryl, with the ceo of the biggest rv manufacturer in the world. that is him right there. we'll be back with bob martins of thor industries. exclusively on the fox business network. we'll be at the factory in just a moment. stay tuned. >> hi, everybody, i'm gerri willis. coming up on my show at the top of the hour, the consumer products safety commission launches an investigation of lumber liquidators. is the consumer flooring dangerous? we'll tell you. that is just one of the big stories coming up on "the willis report" in just a few minutes. ♪ so we go cheap. you know, because we're never gonna need it. until one day, we do. now that cut-rate policy is costing us big.

makes you wonder if there's something better out there . see car insurance in a whole new light. liberty mutual insurance. get fast-acting, long-lasting relief from heartburn with it neutralizes stomach acid and is the only product that forms a protective barrier that helps keep stomach acid in the stomach where it belongs. for fast-acting, long-lasting relief. try gaviscon®.

for fast-acting, long-lasting relief. you can call mbut,allow... i have a wandering eye. i mean, come on. national gives me the control to choose any car in the aisle i want. i could choose you... or i could choose her if i like her more. and i do.

oh, the silent treatment. real mature. so you wanna get out of here? go national. go like a pro. (for that moment, when rightg. 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. details at scottrade.com/retire. >> 2015 looking like a great year for the recreational industry. david: combination of improving economy, lower gas prices and retiring baby boomers flush with cash seems what the rv industry needed to flourish. jeff flock joining us from thor motor coach factory in indian with details. jeff? >> this is the capital of the motor coach building industry. i'll tell you, bob martin, not only ceo of thor industries but you're driving your own rv right now. >> this is my own personal thor motor coach. >> you bought one. you're not alone. take a look at numbers, if you would. we're rolling into the factory. there you go.

blowing his own horn here. the numbers on this have been incredible. they have been nothing but good for the past five years but particularly, this year looks like an incredible year. >> yes. this year is starting off with incredible shows on the retail end. dealer optimism is very positive. and the rv lifestyle really seems to be taking a greater share of the economic standards of many people out there. >> take a look at the factory here. you have to see this factory. these are huge. how long does it take to build one of these by the way? >> takes eight days to build one of these large diesel motor homes. >> let me poke my head in one of these things here. take a look at the stock. a lot of analysts thinking this stock has a lot of room to run. this is under construction. fascinating to see it. your boss, the founder, of thor industries, watching back there in greenwich, connecticut. he is pretty proud of what you have done thus far? >> he is proud of the entire team.

founder of an incredible company over 30 years ago. we're brought to be part of it. it is incredible industry. >> i want to go out to look at factory one more time. i want to ask you, impact, gas prices. you get, about eight, nine miles a gallon? >> if that. people don't typically buy them for the gas mileage. they buy them for liveability. gas prices are a factor. really more part of consumer confidence. people have more cash in their pocket. gives them more confidence to buy a standard rv. >> that is pretty good. picture of all the stuff soon in your rolling house down the road. $400,000 a piece for these. they're pretty well-decked out. fireplaces, showers. david: unbelievable. jeff, thank you very much. jeff flock, appreciate it. >> spend a lot of time on road. david: we have to run. floyd mayweather, manny pacquiao set to fight on may 2nd. mayweather expected to make upwards of $180 million. that is up from recent estimates of 120 million.

pacquiao's pay won't be as much. only estimated to make only $100 million. tickets haven't gone on sale. right now prices range 1500 to the upper deck to 7500 ringside. >> wow. that is it for us. "willis report" is coming up now. gerri: hello, everybody, i'm gerri willis. this is "the willis report," the show where consumers are our business. the obama administration rules on the environment face a critical test in the supreme court. has the epa gone too far? investigators open the cockpit voice recorder from the jet that crashed into the french alps. >> the voice recorder was recovered yesterday. authorities here think they are going to be able to get some information out of it. gerri: consumer products safety commission launches an investigation into lumber liquidators. will it lead to a recall forcing millions of homeowners to rip up their wood floors? distracted behind the wheel a troubling new report from aaa about teens and traffic accidents. it is not just texting and dring