economically. [closing bell ringing] cheryl: nicole, by the way, great job for parade on sunday. david: oh, yeah. congrats nicole. we're very proud. cheryl: here are the numbers for you. big rally for and mo. look how the markets are finishing up. the dow is higher off session highs, david, 264 and change. the s&p, nasdaq, russell 2000 and markets back in the green. david: you mentioned friday, we get the job numbers out. it is good friday. bond market is open but the stock market is closed. it will be a long weekend. people will being twiddling their thumbs. a lot of white knuckles. "after the bell" starts right now. david: we've got a lot to talk about today on a very busy monday. michael ball is here to tell us what investing mistake you can't afford to make right now. bryn mawr trust ernie see seal

law said there will be one strategy key to your portfolio performance. he will tell you what that is. alan knuckman is at the cme. alan, i want to talk about oil. i was talking to nicole. oil down again but oil stocks way up the could that be because of china? >> well i think it is more because of the dollar. the dollar is surging back. it held the support at 97 the last couple weeks. that was midpoint of action from the highs to the '94 lows where we consolidated. that is important to focus on when we look at impact there. we're below $50. that is really the pivot. we've been trading between 45 and 55 for three months, going know where. cheryl: michael, i have to know what mistake i'm making right now, tell me. >> the mistake out there people looking at this market with very long-term high valuation. when market valuation has this high, there are very little room for error. people buying stocks to close

their eyes to it five years could awaken to ugly surprises in our estimation. david: ernie, when the market is up 300 points on the dow, aren't people bound to make some mistakes? >> certainly, david, mistakes can be made but last year was a year in one of your speakers just mentioned where money could be put in stocks. it was put indices. david: passive, almost do it blindfold. >> u.s. large cap. this year we see a change. we see it, old adage, a market of stocks, not a stock market will begin to take hold this year. cheryl: you both have picks to get to. alan, i want to ask about something. we look at calendar, here come earnings. quarter will be so interesting because everyone is lowering their estimates. >> right. cheryl: we'll see companies beat but beat what? >> well that's the point because we were looking at end of december, end of the year,

december 31st, the expectation was gain 4% year-over-year earnings growth. now it is actually negative 4%. they have taken everything off the table and more so we have no expectations. they have had 85 companies issue down grader guide -- downward guidance for the s&p 500 companies. we have no expectations at this point. i can only see positive. you know me, i'm optimistic guy but markets priced in nothing good at all. david: well, i'm not so sure about that. on a day like today, michael, when you think what happened with earnings, expectations were pretty high for the first-quarter earnings. they certainly did not meet those expectations, right? >> correct, david. coming into the quarter, expectations were that the s&p 500 would see earnings growth of about 4 1/2%. instead we're coming in with expectations now that we're going to be about a negative 4%. and going forward, second quarter as was alluded to does not look that rosy. that's why for us as more

tactical manager we've been shifting to more defensive areas because the global economic -- david: like what? be specific, michael, if you can. what areas in particular? >> health care is the area that we've been the most overweight. and, it come in through the quarter with the strongest earnings growth. it is expected to stay in the top three for the remainder of the year. when we look at the amount of cash flow moving into sector specific funds that invest there it has been strong and consistent all year. and, the valuations really haven't gotten ahead of themselves historically for the sector. so we're still positive on health care as a good place to be for the remainder of the year. knuckman, i'm having so much fun talking about earnings, death and zero expectations i want to bring up something to you really quick. if you look at best performing sectors, energy, utilities, those were the worst-performing sectors for the first quarter. can you explain something for me? >> that is always one of my

approaches. you find sectors or stocks that haven't participated in the rally. you take advantage of their demise. from a risk/reward standpoint, if they haven't performed how much more downside is there if they have been leading laggards. it makes sense as trading vehicle. i will disagree with some of your other guests as far as price to earnings. markets already factored in the low expectations. no like it will be news if we don't perform this quarter that's why where we are here. that is me is so bullish. we have lowered expectations and still the market is close to all-time highs. david: we have to agree to disagree. we can't get into a big argument on that. i want to go to ernie's pick. he likes health care because it is defensive pick. novartis is one of your picks. why is that, ernie? >> health care is very defensive sector. has strong return on invested capital. strong dividend growth. very attractive valuations. novartis in particular, a large

multinational. one of the things that we like, david is that we look for companies that are innovative, they're very innovative in areas of oncology, psoriasis, heart failure, animal health. the debt is less than 25%. exactly, 22.8%, debt to cap. plus 3% dividend. we think we have nice return this year alone. cheryl: by the way, ernie, stick around. we'll be talking about novartis and a new melanoma drug with partners on "after the bell." michael, before i let you go, you like health care, he mentioned it as well. something defensive that teams to do well year after year. >> that is correct. even though we have some challenges that are showing up at the supreme court, that hasn't affected the market too much. and -- cheryl: challenges to the health care law or, i'm sorry? >> the challenges to the health care law. so it is something a good, overall positive backdrop for the health care stocks.

david: good stuff. michael ball, ernie cecelia. alan knuckman. we'll come back to you cme closes. thank you, gang. cheryl: lawmakers working on a bill to clarify the very controversial religious freedom law which has businesses and civil rights groups threatening to boycott the state. david: how is the conflict between discrimination and protecting religious rights growing to be solved? joining us judge andrew napolitano, fox news senior judicial analyst looking into all aspects. >> i wish i knew how it would be resolved. david: i would love to know, we could guess it might be squeaked to be acceptable. i talked to a couple of catholic priests today, both you know and respect. i won't mention any names. they have a little concern here about overturning the indiana law. one, they say what if a gay couple demands that a catholic priest marry them and it foes against his religious beliefs? the other is, what if a catholic orphanage was sued for refusing

to place a child with a gay couple, because it went against their religious beliefs? these are non-profit issues but how are they affected by law? >> they're not affected at all by the law, because the catholic church and catholic orphanage are not public accomodations. they have a requirement that you accept a certain corset of beliefs. what the holy roman catholic church teaches f not they don't have to do business with you. david: there have been orphanages though that have gone out of business as a result of being in states where they had more protection for gay couples. like massachusetts. >> i'm unaware of that although i wouldn't put anything past massachusetts, peoples republic. but the statute we're talking about here is for public accomodations like banks and restaurants and bakeries and florists things like that. that's where the supreme court has been very clear. you have the obligation to obey the general law of the land and a religious exemption from doing

so will not wash. otherwise, people would assert religious exemptions as immunity for violating all sorts of laws as long as they could demonstrate they sincerely held the religious belief. so i think the statute is clearly unconstitutional. i feel badly for mike pence. i know him for a long time. he is not racist, homophobe. signs it first week of the year everybody is focusing on indiana. cheryl: why did he do this? i mean -- >> statute is clearly aimed at gays and lesbians because the federal statute, which indiana can not touch, the 1964 civil rights act, which prohibits discrimination on the basis of age, race, color, religion, national origin does not include sexual orientation is this political? how conservative i am? >> i think folks in indiana want it both ways. they don't want to be stuck enforcing unconstitutional law

and costs it takes to resist challenges but want street cred with folks back home? see what we do with you, those black robed, life tenured judges. david: in defense what happened tu indiana. indiana is one of places being a legislator is part-time job. people have a real job in addition -- >> wish congress were that way. david: a lot are small business owners, people voted for this. they're worried about the government coming in to tell them how to do business, that is legitimate concern, is it not. >> it was legitimate concern before 1964, but the civil rights act much '64 when you have a public accommodation you can not choose not to deal with someone on the basis of those five criteria. david: what if they were to weave in a protection for sexual orientation into this current law, that allows people protection for their religious beliefs. >> there would be no reason for the law. the reason for the law -- david: a lot of states have them. why do they have laws that have no purpose?

>> new jersey, for example --- david: take the state of washington. they have protection for sexual orientation and law similar. >> mutually inconsistent. if a person says my religion prevents me from baking this cake for your wedding which statute would prevail, the religious freedom protection act or public accommodation law that prohibits discrimination based on sexual orientation. a judge would have to decide. cheryl: i have to ask you this, almost out of time. litigator on closing bell. he said, basically he thinks based on hobby lobby decision on the supreme court, if this went to the supreme court it would be upheld. >> i disagree. the last time the supreme court looked at statutes like this, boulder, colorado, efforts to remove protection for same section couples, it invalidated it. david: great stuff, judge andrew napolitano. busy man. cheryl: good to see you. david: thank you very much. >> we want to hear from all of you at home on this issue. should the new indiana freedom of religion law be overturned?

send us a message on facebook or tweet us @fbnatb. your answers coming up. david: from the iran nuclear deal, supported saudi arabia's fight in yemen to provide air support for iranian proxies in yemen. our foreign policy seems to be in disarray or conflicting? do we have a concrete strategy or winging it on the way to political and economic chaos? our all-star panel giving us answers next. cheryl: talk about outperforming, one biotech is up 58% this year. it makes headway on powerful new cancer drugs. we'll tell you who it is and speak with the ceo coming up. david: despite underperforming the market and slowing sales, warren buffett has never sold a share of coke and says he never will. others are just missing the key here. are investors crazy not to own coke? we debate that coming up. cheryl: pepsico. ♪ but at t. rowe price,

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cheryl: the s&p futures are closing. let's head pack to alan knuckman in the pits of the cme. alan. >> another good day for bulls after a speak last week but let's remember, last monday we were a few points of all-time highs once again within striking distance. we'll see if we can build on this we're at the midpoint

really of the recent lows over last couple weeks to all-time high. important to see if we can follow through here. but the trends remain rather strong. cheryl: alan knuckman. thank you, alan. david: well, wild price swings we've seen in oil are to a lot of observers just like this administration's middle east policy, swinging wildly out of control. we support on one hand saudi arabia fight against iranian proxies in yemen but we're also providing air support for iranian proxies in iraq. all the while working on iranian nuclear deal that republicans and democrats object to. to sort this out we have all-star panel. nile gardiner, heritage foundation director, bill richardson, done it all. former u.n. ambassador and nuclear energy issues and former governor. that doesn't suit us here. ambassador richardson i want to start with the iranian deal if i can with you.

there was a last minute holdup. a lot of people warned us that iranians might do something like that. they always like to stretch the negotiations. they're demanding to keep in their country enriched-uranium, for what purpose i don't know. they said before they would send it to a a third country. should that be a deal breaker for us if they stick to their guns on that? >> well, it is a big problem because that was part of the deal, that this uranium fuel would go to russia. russia would monitor it. right now the iranians are changing their mind. maybe there is a way to blend the uranium and it can be supervised internally but this is maybe not a deal breaker but it is close. so, we'll see what happens. you know last minute negotiations right now on a number of issues, i mean, my concern with this deal is iran's behavior in the region, what they're doing with hamas, hezbollah. david: right.

>> what they're doing with assad in syria but you have to wait until the last minute, david. the administration could put, pull something off that deals with these issues. so i'm apprehensive but waiting on the final details. david: nile, even if the iranians do bend on enriched-uranium the ambassador just mentioned some of the other problems with the deal. what makes it a bad deal in your eyes? >> well, i think it's a bad deal because it really allows iran in the long term to advance with this nuclear weapon as program. this is really a short-term deal. this depends on verification by u.n. inspectors. so far iran has not cooperated with united nations inspectors. in fact it has failed spectacularly to do so. this deal would be based on trust of the ruling regime in tehran which of course is a state sponsor of international terrorism. david: right. >> it's a sworn enemy of the

united states. and there is no rhine why the west should be trusting this west should trust this brutal dictatorship. david: that brings to us middle east policy colonel wilkinson, i will go to you. on one hand we're sporting saudi arabia against iranian proxies. on the other we're sporting iranian troops as well as iranian proxies in iraq. what do you make of that? >> the enemy of your enemy is your friend at least tactically speaking. i can understand what is going on in tactical sense. what disturbs me i don't see a strategic chapot over it. what will we do eventually with our relationship with saudi arabia, despotic state, authoritarian state, one with lots of oil? this is not a good relationship. the saudi regime has been fairly stable to this point but i can see some signs of instability. so we've got to make some very big strategic decisions who we

will like in the long term and who we're not going to like in the long term. david: ambassador richardson, let me be a little more focused on saudi arabia for a second here. they helped pakistanis for decades with their nuclear program. some people say that they paid 60% of that program that allowed pakistan to develop nuclear weapons. do you think it is possible saudi arabia could have a nuclear weapon already, or perhaps would persuade pakistan to give them one? >> well, i think the latter. possibly have some cooperation with pakistan. they don't actually have one or the capacity right now. there is a good thing emerging here, david, and that is the fact that the saudis militarily, more aggressive that they formed nine countries in the region, arab countries in a military contingent, that will deal with their security issues against iran. against enemies within. that's good. the saudis in the past have been

very peaceful. they have used the oil weapon but now that they're ready to get involved militarily i believe to protect their interests, to protect the moderates in the region, especially with egypt, it is a good thing but still i would like to see an overall strategic objective for the united states in the region, in which we don't abandon our friends like the saudis, like israel. i'm not saying we're doing that but we got to give them some comfort. negotiating with iran -- david: haven't been giving israel a lot of comfort recently in a lot of different areas. let me go to colonel wilkinson for one point on saudi arabia though. if it comes to a shooting war between saudi arabia and iran and it might, who knows what iran will do to defend its interests in yemen, do you think the saudis will seek out a nuclear weapon from pakistansom? >> well that is a hypothetical i would prefer not to address. i will just address it this way. i think if the saudis need ad

nuclear weapon to balance one in the hands of iranians, they would have 30 within about 24 hours. the pakistanis would sell them to them in a heartbeat. that is somewhat of an answer to your question. i but i do think back to my original point. we had the shah on our side for 26 years, from 1953 to 1979. that country is huge, one of the most stable countries in southwest asia. got a 75 million plus population. demographically, geographically, the natural hegemone in the gulf, if we want to stand against somebody, standing off against iran is not the best choice. david: they're creating instability around the world with our support. nile, i owe you one. we're out of time. a terrific panel. thank you so much for coming. cheryl? cheryl: the month of april is historically one of the best months of the year for stocks. is today's rally a sign history

will be repeating itself for the month? our panel are going to debate that. prosecutors uncovering new evidence about the copilot believed to intentionally crashed the germanwings plane in france. were there signs that were missed. one biotech having a blowout year of 58%. putting a bet on new cancer developments will pay off big. we'll talk to the ceo coming up. ♪ at mfs, we believe in the power of active management.

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david: do's market rally comes just two days before a month that has been up for the past nine years in a row. is today just beginning of a new bull wave? let's bring in our panel. paul vina "wall street journal" money reporter. gary b. smith, fox business contributor and john tamny real clear markets editor and one of the stars on "forbes on fox" every saturday morning. gary b., what do you think? are we in for a great month?

>> i hope so. that is how i'm positioned. that is best advice i can give. i'm long. in reality, david, i don't know. by any met trish you measured the market is overvalued. it is due for a pullback, a crash some say but the bottom line is, it keeps going up. the trent is up, as long as the trend is up i stay long. david: paul, can we count on historical precedent at all? >> i don't think we can. i don't think we can because the fact we're living in very unusual times. you never had so many central banks being so aggressive with stimulus and easing. very unusual market structure you have right now. that said, the track record of april is very strong. i wouldn't be surprised. you don't expect anything out of the fed. earnings will be very big. we know they will be weak. we expect them to be weak. what degree will they exceed or meet those expectations? i think that will be very key. david: john tammy, you're not a

big fan what central banks have been doing. could they build up a bubble that is about to burst? >> no, let's face it, stocks would be higher absent all the central bank activity. the reason stocks rally, we have gridlock in washington. the fed is much quieter than it was before. david: true. >>less we forget investors buying future dollars. market is -- david: warren buffett swears by big brand companies like kraft and coke. last week we had kraft rising more than 40% which is why a lot of invest stores are looking more closely at coke which is down over 3% this year. so could it be in for a pop? what do you think? >> yeah, could be in for a short-term pop. making a point about restructuring mark mark thes all these things. this -- markets. this is multinational company.

for them to achieve a real, real growth rate is virtually impossible. look, warren buffett likes the stock. it is profitable and pays a dividend. david: gary, look what kraft did last week. there were all sorts of unique circumstances with kraft. still he hasn't sold a share since he started buying. >> i like coke. i would encourage people to buy coke and here's the reason. it is really is diversified. you know they have 13 other brands besides soda in there. they have vitamin water around they have the juice and got a lot of other things. they're a smart company. i think they can reinvent coke. i know soda consumption is going down. you could have made the same argument with philip morris five years ago with cigarette consumption and that stock has doubled. david: right. >> so i think coke is the place to be. david: although, john, when i heard him say reinvent coke, you remember the new coke experiment about 20 years ago that failed miserably? i worry about that. >> disaster. do not reinvent coke.

face it is classic buffett company. easy to understand. it is consistent. face it, it is a symbol of achievement around the world with liberalizing economy around the world. more and more people can buy it. i think buffett is thinking long term. david: we'll talk about that liberalizing world economy coming up. both sides of the aisle are touting a national sales tax. what does this mean for you? we'll talk about that as well. cheryl? cheryl: i love new taxes, great. one company is working on a new drug that could revolutionize the way that we treat one of the most common types of cancer. investors are big believers. the stock is up 58% so far this year. we'll talk to the ceo coming up. investigators discovering new information about the copilot responsible for the tragic plane crash in the alps last week. it could hold a key to his motives. we've got the latest next.

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david: national sales tax is something that even some republicans have been touting recently but do we want to give the feds another tool which to take our money. gary b., what do you think? >> oh, my god, david, i think you know where i am on this one. we have federal tax receipts, inflation adjusted at an all-time high! how much more money do they need? if i could go back to the budget that was spent wisely,

efficiently, maybe a different story. i keep looking at everything from obamacare to the va hospital, to every other cockamamie thing they waste money on. i pull what little hair i have left out. david: john, we had a little discussion about this on forbes on saturday. in a perfect world if you had to choose between one or other would be something. i think they would just tack this on to the tax policy we already have. we would have two. >> you're right. but that is precisely why we need to have this tax, because we want to get taxes down. so it is necessary for every single american to feel the pain and burden of government with every purchase, if so, maybe we can then talk about real reform. david: paul, what do you think? >> you know, john mckinnon, journal writer who wrote the story, had him on my show this morning. david: great piece. >> what he said, part of it is that they can't figure out any other way to change the tax code. so they're searching for new ideas. this is one that they're now, they have kind of land upon.

kind of smells to me a lot more like trial balloon than a serious proposal. i wouldn't be surprised if this comes and goes without anything happening but, you never know. look, the tax code is a, just a policy choice. this is not a law of nature. they can change it. david: we should point out, by the way, some of the republican candidates want sales tax. some of them want a flat tax like steve forbes advocates. and so we'll see how it all shakes out. if you think all the new tax proposals and government policies are kill being the american dream, don't worry, be happy, says john tamny. you have a new book. we're showing it right now. it is not so hard to get back on the right track. explain. >> it is very simple. there are four basics to economic growth. if governments get taxes right, keep them low, keep trade free, reduce regulations almost completely, have a stable dollar you always get booming economic growth. there is no time in history where you don't. if we get back to basics we won't have to worry about other things. david: paul to, john's point, in

his excellent book he talks about england. england was a company that looked like a basket case in the '60s, '70s, early part of the '80s. they did some of what he suggested and turned it around. >> it's a good object lesson. the issue that we have here, issue people really need to look at in this country who, are the people who will make these things happen? these things do not happen on their own. david: true. >> they happen because people get elected and make decisions on both sides. you have to ask yourselves the questions who are people that will implement kinds of things john is talking about. is there anyone out there? david: that's true. old saying, darkest hour is before the dawn. i remember late '70s, everything was bleak. limits to growth books. we'll have to live with slow growth rest of our lives. reagan came in and boom, like gangbusters, did what john suggested, we took off. >> i agree with everything he said. i agree with everything john says with the proviso of the

word if. if another reagan comes along. look, i thought obama was going to lose the last election. he got reelected. now it looks like my gut tells me we'll have hillary for another eight years. my gosh, when is, by the time next reagan comes along i will be old enough to the be next reagan. david: john shaking his head no. why were you take shaking his head. >> hillary will not get reelected, beauty of the burke obama disasters, rewoken electorates and booming economic growth. stock markets reflect it. david: reelected. she hasn't been elected yet. >> giving her the first four years. david: exactly. like a bill clinton third term. gang, thank you very much. paul, gary b. smith, john tamny. catch john tamny, among others on "forbes on fox" every saturday at 11:00 a.m. on the fox news channel. cheryl, i know you watch. cheryl: i do every time. david: good. cheryl: more details coming to light about the mental health of

the copilot who is believed to have intentionally crashed the germanwings flight in the french revealed that andreas lubitz received therapy for suicidal tendencies several years becoming a pilot. prosecutors don't know motive behind the crash. lubitz locked out the pilot out of the cockpit and closed the door as the plane began its fatal decent. david: oh, boy. elizabeth warren will not run for senate or run for democratic leader in the senate. she always remains in the spotlight but is all this talk? cheryl: talking about bullish, investors making a bet on one biopharma firm rallied 58% this year alone. what has wall street so excited? we'll talk to the ceo coming up. david: new milestone for tiger woods but not one he is necessarily proud of. details straight ahead. ♪ se asked people a simple question:

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that half a teaspoon took six 1/2 hours but that's it. one dose and she's done. no more surgery, chemo, radiation, nothing. if this works. david: if. emphasis on the word if. research is still in early stages. duke doctors warn it is impossible to predict how effective polio treatment will be in wider population. so far the results have been mixed. there have been miracles. two patients in the trial have been declared cancer free. 11 of the 22 participants in the trial have died. doctors are still quite hopeful, cheryl. cheryl: medicine is always changing and one of the most often talked about cancers in this country is melanoma. more than 2% of the americans will be diagnosed with melanoma at some point during their lifetime. melanoma represents 4.6% of all new cancer cases. one company making big break throughs in this type of cancer. investors taking note with the

stock up 56% year-to-date. with are array biopharma ceo. we'll talk about melanoma and the treatments you're developing. get your reaction to last night's "60 minutes" report. everyone is buzzing about it today. so much hope but not everyone survived in that trial. it's a tough, tough thing. >> cancer has been a very tough disease. we're making a lot of progress. the science really is beginning to pay off. in this particular study did, the approach you're talking about, with the polio virus, i think we need to see how that study plays out. and see if the results hold. but important point is, that we'll be seeing a lot of innovation in treatment of oncology. excited about what future holds. not only companies like array but many companies in the industry. cheryl: we're seeing you're in stage three trials. a lot of analysts cover your company, are buys on the stock. they feel your partnership on note vattertics -- novartis, if

fda says, 2016 everybody wins. a lot of pressure for you obviously. >> very exciting time the way we see it. at this point we actually outright own the product we originally understand partnered with novartis. we also invent ad different inhibitor. cheryl: i can't pronounce these words, thank you. >> that is partnered with astrazeneca doing great work. we're looking forward next 12 months to file both of those drugs in, with regulatory authorities that is the final step before approval. year following that, we expect a couple of additional indications to be filed. and that, those additional indications will include a third drug. second one we own, called, which is a inhibitor. >> small molecule drugs. these are protein inhibitors. we hear that phrase a lot with cancer treatments with clinical phases. what is small molecule drug? what does that mean?

>> basically means there is a chemical. a couple of different approaches to treating disease, including cancer. one is using biologics or proteins or other approaches but most traditional approach has been chemical. so there are small molecules. a pill that you take. it can treat cancer. >> one of the things i looked, 10,000 deaths from the disease projected in 2015. time is of the essence. novartis gave you these drugs, right, to develop? you're running a trial. didn't novartis hand over -- >> we invented both the inhibitors that described. we had been collaborating with novartis. >> right. >> we entered just recently where we owned it outright and acquired rights the other drug the inhibitor. cheryl: why would novartis do that if there was so much promise in the drug? >> this was related to a act with savings portfolio of drugs of glaxosmithkline. we felt it was competitive

overlap there. that is why we come to this agreement. really in the best interests of patients making sure all of the drugs reach market best way possible. cheryl: one analyst we spoke to, bullish on company, but was a little concerned about potential for competition with these drugs that you're developing. how do you respond to that? >> we have six phase three trials going across both the wholly-owned drugs we own and drugs being developed with astrazeneca. five of those six programs we are first in class. so we will be first in those diseases. that includes not only melanoma, but lung cancer and, thyroid cancer as well as ovarian cancer. there is only one study we expect not to be first but we do have evidence that we may be best. that is the real promise. that is combination of two drugs that we own. what we found that when you put them together, the vulnerability is improved. cheryl: cocktail? >> when patients stay on drug

they can benefit. cheryl: a billion doll to develop these drugs. a billion dollars. very risky with big payoff, obviously save lives. very much, ron. >> thank you, cheryl. cheryl: the company array pharmaceuticals. david: need to make investments to get right drugs. thank you very much. senator elizabeth warren is not interested in senator harry reid's job and no plans to run for president. so what are her ambitious? -- ambitions. you know she has got them. we're live in washington, d.c. cheryl: the rally rocketed up over 263 points. we're back tomorrow with what could be biggest impact of your money. >> i'm gerri willis. surprising results of a new survey on saving. middle-class americans are saving more than rich folks. we'll explain why. that is one of the big stories on "the willis report" in just a few minutes. ♪

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>> liberals love her but elizabeth warren claiming she has no intention to run for president or replace senator harry reid as democratic senator from the senate. david: what does she plan to do with all the love? rich, everybody has ambition. what is hers? >> seems right now, david and cheryl the massachusetts democrat seems focused on influencing her party from within. senator elizabeth warren is caucus's liaison to progressive groups. she is lobbying other

congressional democrats. warren met with house democrats, to push back on granting obama administration more authority to negotiate free-trade agreements. earlier this mornin warren told cheering crowd with the fight against credit card companies and republican and democrat allies. >> credit card companies were already smart. they lined up a lot of powerful folks to support them, both democrats and republicans. they had money galore. they had lobbyists gay lore. families going bankrupt, they had nothing, literally nothing. >> warren tries to push senate democrats to the left. seems their next leader will have strong ties to wall street. new york senator chuck schumer has backing of senate minority leader harry reid, minority whip dick durbin and conference leader. patty murray. david: rich edson, thank you very much. >> thank you, rich.

golfer tiger woods best days may behind him. former number one player officially dropped out of the top 100 for first time in his career. first broke into the top 100 when he turned pro in 199, has fallen to 104th from 96th in the latest ranks. sucker session of injuries and swing problems plagued the golfer over past few years. david: we asked you if new indiana freedom of religion law should being overturned. we got a lot of responses. it will be once it cost them a lot of money. >> spencer says when it comes to sexual orientation the laws are caving. it is trend whether agreement. >> absolutely not said brian. why should a christian business owner be forced to do something they know is morally wrong. >> jason says no. that's all he said. david: rick said, absolutely not, the first amendment gives us freedom of religion. time for number one thing to watch tomorrow.

bring back paul vina from "the wall street journal." what is it? >> case-shiller home price report. comes out tomorrow morning 9:00 a.m. this report comes with a lag. these numbers you see tomorrow, they're for january. what i really think is important, see month over month estimate. you want to keep eye on year-over-year estimate. 10 cities break it down a few ways. 10 cities, 20 cities, both roughly 4 1/2% year-over-year. to me that is more important. that shows a trend. people might complain, numbers are coming down. you had a big rebound after the crash. i think, what you want to see is, you want to see equalibrium, between rising prices of homes and wage growth. home prices are growing 4 1/2%. if you get wage growth up a little bit. >> -- >> 20 minutes ago. if you can get those two things closer together though, that is a sign of a healthy economy. that is what you -- >> can't wait to see san francisco's numbers. >> forget it. david: like manhattan, same

thing. now schiller himself has come out, he said so right here on this show, that in some areas of the housing market he thinks there is a bubble. there are some areas of the housing market people bought into. maybe manhattan is one of them. maybe san francisco is another. more specifically certain types of houses are a bubble. will we get any indication of that from the figures? we'll really get any new indication of that. i mean look, you know what is happening in manhattan. know what is happening in san francisco. i don't think you will see anything that will shock you. oh, my god, there is something you haven't seen before. those trends will continue. a lot of money in san francisco and manhattan. those trends will continue. >> we're getting breaking news. a headline from the "wall street journal" connecticut has banned state-funded travel to indiana over religious freedom, over that law in indiana. governor of connecticut saying anyone traveling to indiana on

the state's dime can not do so. governor malloy travel ban. david: i can't remember a precedent for that? banning travel from a particular state. >> state fallout. david: that is it for us today. hope to see you back here tomorrow. >> hello, everybody, i'm gerri willis, and this is "the willis report," the show where consumers are our business. revolutionary new way to treat cancer. scientists at duke university using the polio virus to kill tumors. >> with these targeted therapies we're finding ways to alert our immune system, get rid of the bad guy. that is the cancer. gerri: a new law in indiana causing uproar. scramble now on to claire i foot religious freedom statute. >> at no time in the history of this law has it ever been allowed to discriminate against anyone. >> new report on the best savers in america. find out why folks in the middle class are outsaving the wealthy@ also