dividend. stock got a nice pop up about 6%. [closing bell ringing]. liz: nicole, you and i have wisconsin on our bracket. that's right. nicole and i. very excited about that. amazing we both chose it. but i chose it to win. nicole does not have wisconsin winning. bells ringing on wall street. see how the stocks finish up because a couple of hours before the ncaa finals. dow jones industrials is a winner here, up about 120 points. nasdaq charging ahead by 30 points. that is 2 1/2% gain, not bad. s&p tacking on 13 full points on a day where a single speech by one of the fed heads in newark, new jersey, juiced this market. let's get into it. "after the bell" starts right now. liz: what a manic monday.

let's get to today's market action. david asman is off today but i'm joined by bernie williams of usaa investment solutions to tell us where in the world the hottest places to invest right now. bernie says know. john burke of burke financial strategies telling us which region is benefiting from falling oil prices. even though oil is up. could be just a blip. how and where do you get in. dan stesich from the chicago mercantile exchange. we begin with you. everybody thought friday would be ugly market day because the march labor report was just that, it was ugly. today after weekend of digesting that with a little matzo and easter ham, traders came in and said let's juice the market. why do you think that was? >> i absolutely surprised. i looked at futures, they did what i expected. this morning i woke up and they did what i was expecting. this morning's rally came through the markets. people believe the fed will push

off the rate hike and that is quite possible, but, i don't think that will be a good thing. if our economy can't be sustaining without the fed adding economic stimulus or keeping rates lower, economically that is we're not doing well. that enjoy the rally while you can. i hope it's a one-from friday. if it is we're in really good shape but you have to be careful now. liz: first time jobless claims are looking at strong labor market. not just monthly jobs report. we're looking at volume on this rally, 10% below the average. there isn't a lot of conviction. bernie, i will go to you, just because it is a great day in the markets doesn't mean you're in, right? where do you stand on investing in u.s. equity right this moment? >> the market is a little schizophrenic. try to balance off where the market and fed might raise rates where appears to be a little rich valuations what will probably be crummy earnings

coming up for the first quarter, in large part due to fx. i think market will struggle to make any positive gains. liz: when he says fx, everybody, that means a strong dollar. >> yes. liz: that makes me bring in john burke. john, you feel the same way. could be put money in u.s. companies that don't have as much exposure to the u.s., right? >> liz, the way we look at the u.s. market, either the activity has to slow down enough for the fed to put off the fed raising rates, or the fed will raise rates. that is not a good choice. kind of like mike bracket tonight. either wisconsin wins or duke wins, either way i don't win the bracket. >> don't have wisconsin? >> neither one. liz: nicole petallides and i have wisconsin. she doesn't have them to win. i have them to win. you have to make sure there isn't too much exposure to the united states? >> we like rest of the markets. we like europe as a trade. we're not a long-term bull on

europe. currency, look at slow down in the u.s. in the first quarter, has less to do with weather, more to do with currency. when you go to europe you have currency at your back and ecb which is in easing mode which is opposite what you have here in the u.s. >> bernie, we're looking at a dollar chart, 1.09, couple days, more than a week ago we were at $1.06. the dollar isn't as strong but you feel the same way. to to names outside the realm of u.s. you're picking carnival, tjx, the name behind tj maxx. why those two names? >> tjx probably has less foreign currency exposure to carnival. tjx is off-price retail. the kind of stores consumers gravitate towards, the treasure hunt. they have a something retailers don't, square footage growth where a lot of retailers are shrinking and good

same-store sales. they have some european exposure and some canadian exposure but the bulk of their sales are the u.s. right now. liz: pes are now in their 20s. 22. you like carnival, the pe is 28. brings me back to dan stesich, today you had a fed-head. of course it was new york federal reserve chief bill dudley said in newark, new jersey, to a business office we're not really sure if the march jobs report was a one-off or if there is true weakness or softness. we have to wait and see. then we'll decide whether to tighten rates in june. do you think we see june tightening, no way or push off to september or 2016. >> depends. it is absolutely right. the fact he said we'll see if this is one-off makes me fearful and there is something there. if the jobs report comes out strong and one following we'll see a fed hike in the june area.

that is not something to be afraid of. i would rather see a fed rate hike than for them to hold back any longer. liz: what would that do to stocks, tony? what do you think? >> we i it that stocks are, we have trouble in front of you. if you look at friday, for example, the labor report, people say, okay, the weather. the weather is baked into the labor statistics already. maybe you say ports in california and slowdown that was going one out there, but we think it is mostly currency. we just assume look other places. another example, i mentioned europe, but asia is key beneficiary of lower crude oil prices. china or saudi arabia raise the prices today for asia. liz: let's put up your picks. international flavors which has asian exposure, wpp, ad giant not to mention principal financial. that has china real exposure. are you okay with china now? >> we like china. we think china will bern fit from lower oil prices.

asia is largest importer of crude oil. real beneficiaries. nobody likes it except for chinese asia market is rallied considerable over last three to four months. we think we would like to be in stocks that do benefit from the rise in asia. we think stocks with values like international flavors. >> that is interesting name. we watched the company for a long time. great to have all of you. bernie, john. dan, can you hang around for the s&p futures close? >> sure can. liz: thank you very much, dan stesich. probably not easy being fed chair janet yellen. we just started second-guessing, right? multiply that by thousands. there are not many people whose actions and words can impact world markets like that. janet yellen has the more to consider as the latest jobs report disappoints in a big way. we want to help her out with some advice what she should do next. that is why we're bringing in fed insider michael cox.

the outspoken former dallas fed chief economist and senior vice president. one of our compatriots, new york fed, bill dudley, he came out this morning and said we're just not sure now. do you think we should be raising in june or is he right, we need to wait possibly until september? >> i think it is time to raise rates but what you really need to do -- look, the fed is afraid of the stock market effect of an increase in interest rates. they should be. each one percentage point increase historically associated with a 10% of haven't wall decline in markets. but we can do something about that. if we coordinate monetary policy with trade policy, fiscal policy, a really cut in corporate income tax rate you could have a win-win situation. you know the u.s. corporate income tax rate is 39% while most other nations in the world cut their corporate income tax rates. germany cut theirs from 60 to 30. we have not cut ours at all. liz: one thing everybody claims

they agree on and then then we do nothing about it. let's say, michael, we don't have that yet because we do not. if you were janet yellen right now, what would you be doing about rates? >> i would be raising rates. and but i would also be, you know, cajoling congress to meet me with a reduction in the corporate income tax rate. i estimate that if you reduced the corporate income tax rate to 30, from 39 to 30% you could completely offset any negative market effect by raising rates by 200 basis points. i also recommend -- liz: you would geese the wheels or -- grease the wheels and smooth out the bumps by tightening rates by how much? a tiny bit? bill dudley said very shallow. that is the word he used we should have shallow cuts or hike. i mean. >> i agree with that. liz: quarter point? >> raise eventually 200 basis points over three-year period

would be my answer. liz: okay. >> over that same time period we have to get to rate normally. we'll be japan. japan tried to keep interest rates down, down, to stimulate demand. guess what? 2 1/2 decades and 2 1/2 decades of lost jobs. low interest rates put economy in stupid. -- stupor. cut corporate income tax rate. recent work by guys at aei, even government is suffering from the high corporate income tax rates. revenues is suffering. we're on the right side of the laugher curve for corporate income tax rates. if we cut tax rates even government revenue will rise. liz: michael what would you do about the banks? the banks have a great deal. they can park money at generous rate at federal reserve instead of lending it to people with all that risk and possibility of people foreclosing or failing on loans. would you eliminate that great deal that the banks have right now parking money at the fed?

>> well, honestly what i would do, this will not make big banks happy it, would make richard fisher happy i would break up the big banks. the big banks are not only too big to fail or to big to lend small. they borrow few basis points at cd market and loaning at credit card market this is capitalism. small businesses run on basis of bank lending among other things. that is taken away from them. my banker friends say they can't make profitable loan less than $10 million because of compliance costs and rates are so low. we need to break up the big banks, get them into situation with more advantageous to small businesses and less the credit card market. liz: i'm tweeting that out. the big banks are too big to fail and too big to lend small. fascinating. great to see you. you might not make friends with big bankers. we're not in the business of making friends. we're in the business hopefully getting the truth from you. thank you, michael. >> thank you, liz.

liz: michael cox. did you hear about this, preorders for the apple watch, they start on friday? before you jump in line and get ready, many are counting down the hours but should they watch something else as in one "wall street journal" reporter who says don't buy the apple watch. why? he is going to tell us next. earnings season playbook as the season kicks into high gear. this week our panel gives you their number one play. one strategist says there could be huge gaps in your financial plans, three of them, that could quickly destroy your savings. you don't want that, right? you need to hear these. some of the threats may surprise you. we got them for you. you need to hear them. we'll break them down. stay with us. ♪ ♪ edward jones. this is shirley speaking. how may i help you? ♪ oh hey, neill, how are you? how was the trip?

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i love the school. my daughter went there. liz: good for her. dan, thank you so much. go badgers. dan stesich. four days and counting until apple watch preorders begin. cupertino, california, is releasing a how-to guide for would-be buyers. fox business's jo ling kent picked through that. this is first, jo. are they worried it won't sell or am i being too negative? >> analysts believe it will sell. predicted 15 million units will go out. they will take over 55% of the category but apple is very much in control how they want this to work. they want to you feel a certain way. use it a certain way and really have a certain type of experience. i did this entire thing in san francisco when they debuted the watch. the apple employees want you to hold your wrist in a certain way and deal with it, in a way that optimizes what the apps can do. remember, this is edition one of the apple watch.

it is certainly not what they want to b yet. liz: talk about the website. what people saw today. >> you're able to sues use crown. show you digital crown. liz: kind of like a mouse. >> kind of like a mouse. you can use your fingers on the screen as well. the touch-screen. there is forced click, by applying extra pressure it's a right-click. they show you how to do that all these different features very basic but relatively knew to the apple world. if you think about it, in 2010 they unveiled the ipad. that was newest product category. liz: so few of us read the manuel. this was very smart idea. >> absolutely. it entices more people to consider paying that 350 to 17,000 dole price point which is how much it will cost. it is very expensive. you can only reserve or buy the watch online. you can not do it in person. liz: i banned it so far, we have some electronics, many of them apple. we have polar watches.

i said, enough. >> no more. liz: no more. too much. >> maybe you will change your mind. liz: no. i can't speak for my children who are already begging for it. thank you. >> thanks, liz. liz: should you dip your toe in? our next guest says the time is not ripe for apple's smartwatch or even really smartwatches right now. it's too early. most people should wait before spending hundreds of dollars on even one. christopher mims, technology columnist for "the wall street journal" you're pouring cold water on all of these excited people, christopher. why? >> bottom line is, that the watches are going to change a great deal in the next two to five years. they will turn into totally different type of gadget and it will be kind of evolution unlike anything we've seen before even in smartphones. >> sound like my dad, who used to say, don't buy the newest incarnation of something. wait. let other dummies buy it. then you see all the glitches. they fix the glitches. then you can buy the new one.

t basically that theory, isn't it? >> yeah. it is basically that theory. i think hopefully i backed it up with a little more research than your dad. i talked to the head of wearables at google. he talked about how the displays that go into these devices are going to change a great deal. the next one in two years. also i think we'll see smartwatches that are not dependent on our phones. they will have independent connections to the cell phone network. it will totally change what it will do for juice you didn't tell people maybe, or maybe you did, i don't know. don't buy first incarnation of a tablet. there have been many incarnations of the pebble watch. we've had them on. they have perfecterred what they have. their battery lasts for day compared to the apple watch lasts. couldn't you argue go with something like the pebble which has been around a couple years now? >> right, absolutely. i would sort of throw the question back at you what is a smartwatch for? i don't think we really know

that yet. i think it will take a step change in the kind of technology going into them before there will be a really compelling reason to buy one before they will feel essential in other words. liz: i found it very funny on april fool's day, tesla said in a fake announcement they were coming out with the tesla model w, which would be a watch. deep into the fine print said, even tells the time and date. maybe that goes back to the original issue you have just made. that is, give me something that tells the time, right? >> right. obviously these watches have to be good telling time. you want them to do other things. you want them to give you a alerts. beyond letting you know you have a text message and what your next appointment is, it is really not clear what they do yet. i'm really big believer in smartwatches. i think they take over a lot of functions of our phones but that time is definitely not here yet. it is all down to

miniaturization and battery life and a lot of things will get packed into our watches once in our phones. liz: ladies and gentlemen, that man on the screen is saying wait, just wait a while. until they fix the glitches. christopher, thank you for coming on. we appreciate it. >> thank you so much. liz: read his article, christopher mims, "wall street journal" technology reporter. big questions about corporate profits about to be answered as earnings season kicks off. did they do well, did they meet, did they miss? which names should you buy? before the numbers come out we have our all-star panel micking up now. they have some answers next. solid gains for all names, lumber liquidators, the embattled company this after a wall street upgrade. why one analyst is betting on this retailer despite the "60 minutes" controversy. what does it take to get into all eight ivy league schools? one high school senior just found out. his remarkable story coming up.

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liz: racing into the record books. "fast & furious" 7 debuting with a smashing $146.5 million in the u.s. this weekend. and an estimated 240.4 million at international box office. it was the number of one film in every territory where it was released. now the movie has the third highest grossing international opening weekend ever. a movie to open in russia or china. those market cost push the movie toward one billion dollars in worldwide sales. fun fact in the moving average very, in shooting it destroyed total of 230 cars. u.s. company eyeing iran's 80 million consumers and streaming errors making cable cool ahead?

really? that is ahead with our panel. first, alcoa is always ones that kick off earnings season. this happens. wednesday. which ones should you buy ahead first quarter results? michael pinto. jason rotman and phil flynn, fox business contributor and senior market analyst at the price futures group. michael, we know it might be a downgraded earnings season. we know a lot of companies are saying, hold on, tap the brakes, we don't do as well as we thought we did. put that aside what name would you buy in advance of earnings season? >> i own gold in the inflation, deflation portfolio. the dollar is up 20% in the last eight months. i think pace of that increase will mollify and ameliorate and so i'm buying gold and. yield curve will invert early 2016 and disaster for stocks. liz: disaster for stocks. >> disaster. liz: we have not quite seen what

you have called for in the past. we're still waiting. i'm not holding my breath because i would die. >> market is flat this year. liz. it's flat. liz: we are, slightly up. today pushed us over. we had decent rally. jason, which name would you add to a portfolio in advance? >> i will get right to it, liz. i want to recommend aetna. i think aetna is in the class, basically two sectors, there is health care and financials that i think will outperform from a relative standpoint versus other sectors. mainly via the u.s. dollar is so strong. there is a lot of domestic business that happens with health care and financials. aetna specifically. look at chart, pull up the chart with aetna. like apple. aetna is unbeatable, first of all. second from relative value standpoint it is cheapest of the large cap health insurers. it is steadily increasing dividends. four weeks before earnings, aetna is a buy. liz: what is its dividend?

quickly tell our viewers. pe at 19. dividend at -- >> 1%. liz: 1%? >> what you need to look at the dividend is steadily increasing year-over-year. 1% is not breaking bank but if you get growth of aetna plus 1%. sold. liz: phil, hit it for -- >> netflix and wailing and gnashing of the teeth about the dollar and earning. netflix will not care. it will continue to soar. not only here in the u.s. not only are their growth numbers strong here, internationally they continue to grow. i don't think, they will be one company that does not make excuse about strong dollar hurting earnings, i think they blow away expectations. >> here who did a mini blowaway, lumber diana olick lumber liquidators. raised outperform with 96-dollar price on stock. it was $96 stock before the

"60 minutes" did a very negative piece. is it time to buy beaten down lumber liquidators. >> absolutely if you love volatility and long and short absolutely. there is too much trade in the stock. too many unanswered questions. a lot of people on both sides. liz: this stock was the 6 until report came out some of its late minute nates came out, laminates. we're still waiting for tests. would you take a chance? >> absolutely not. there are basically two quick answer that i share. first answer is absolutely not. there is too much opportunity in this amazing market to graham bell with lumber liquidators. why do that? if number two, if you want to play lumber liquidators, my only way to do it, spend a little bit

of money and buy way out of the money calls. in case it goes up to 60 or 70, you make a lot of return. liz: michael, gave us an idea, where do you stand on ll? >> first of all, still trading 15 times earnings. so it is certainly not cheap. it is in two risky sectors. it is in the home improvement sector and in the retail sector. guess what? do you know how much money they pay to legal bills and lawyers? you have to stay away from this company. stay away, there are some better opportunities in the market. very, very risky. liz: we'll talk about possible opportunities coming up because iranian consumers are dying to spend money following decades of international sanctions. potential nuclear deal in iraq could unlock pent-up demand for western-made products but which ones? which big multinational companies stand to benefit the most from the country's 80 million consumers? plus your financial security can unravel way faster than you think. are you overlooking big threats

to your finances? we have top ways your money can slip away slowly and quickly and how you can stop that. that's coming up. stay tuned. ♪ ♪

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>> imagine unleashing 80 million previously untapped consumers.

u.s. and european companies are looking at just that. they see huge potential of reaching iran's consumers. the country, 80 million has been cut off from global trade for years. in advance of iran opening up which multinational or any companies stand to benefit the most? michael, who is licking their chops? >> i would say french automaker peugeot. for some reason they love the french carmaker. you can draw your own conclusions about that. they have spare industrial capacity of 35%. this deal has yet to be ratified by six nations. we'll know more june 30th. i wouldn't jump into any u.s. multinational companies. liz: pretty recently they had a maserati dealership in tehran. >> three people, probably more teslas afforded afforded in iran maserati. liz: phil flynn, what will they buy minute sanctions are lifted? >> assuming they are ever

lifted. i don't think we will ever get there but that is a question for another day. this country has nod a new justin bieber album for how many years? that is horrible. biggest things you he is. see in this country, they don't even know that one guy left the rock group. what the heck was it? proctor & gamble, big buyers here. apple, they want their iphones. they want what everybody else wants and get it, maybe some day. liz: okay. maybe, anything with consumer goods. jason rotman, what will the iranians want once they are able to say give it to me, baby? >> okay, give it to me, baby. i'm coming at slightly different angle and i think that, you know, obviously the 80 million iranians will be buying more stuff, okay? i also think the rest of the world will be visiting that country more. which is why i'm very high on the travel and, you know, tourism industry stocks such as marriott.

obviously this is not overnight pick. that is not what we're talking about. long term i think companies like marriott will majorly, majorly capitalize on liberation so to speak, economically. liz: marriott gone into africa. they learn how to say, i think it means how are you doing? dish network sling tv faced massive streaming errors during the final four? were you watching it buffer? must have been so frustrating. will buffering during big sports games finally make cable, old dependent cable cool again? phil flynn, what do you think? >> absolutely not. believe me, cable is on the way out. >> but it is reliable, phil, at least it is old reliable. >> so is netflix, when it first started. streaming video was impossible five years ago. i remember trying to watch video and it would take 15 minutes, buffer, buffer, a little it about. but the technology is going to improve, it is going to get better.

supplies will be better. you know, i'm sure cable will jump on this one little glitch but over time the technology will get bert. liz: who remembers, "arrested development," when they came back with it, we were all waiting for it to buffer, michael. does it make cable cool again? >> cable is very cool. first of all, i don't understand something. back in the day, i used to fight with my brothers who would change the channel and we had to hold the antenna and tv was free and everything was very simple, less complicated, don't you still have to pay for cable connection. you have to get internet service that will cost you 45, $50. $20 for one channel that didn't really work. if you have to pick and choose five dollars for each channel. cable will be here a long time. it is confusing but can't get it on stupid slingbox, thank you. liz: thank you. or fox business. get it everywhere at fox business you find away, right? jason, quickly what do you think? >> at this point the industry is

still follows one of the golden rules, he who has the gold makes the rules. cable has the gold. liz: yeah. >> sling, it will be uphill pr battle for sling. it reminds me about the toyota prius 10 years ago. it was a joke. now there is tesla. now there will be a sling that will sling cable out of here but at this point sling is winning. >> i'm so happy i have fios. i watch final four on cbs and my brac connects thank you, ladies and gentlemens, there it is, wisconsin to win it all. yes, i do. i have it all the fox business talent made their picks. lou dobbs picked %otre dame. stuart varney pickedville november. nicole petallides has wisconsin. but still virginia to win. connell picked kentucky. no. stossel picked university of kansas. ashley picked duke but not to win. it is me. we'll see if i win, thank you. could you be overlooking big threats to your finances? we're not talking about your

portfolio or make sure your balance, no, no. more than that we have somebody who says, you're making big mistakes. what are they? he will tell you and what to do about it next. how is this for accomplishment, getting accepted to all eight ivy league collegeses? that new york student did it. what's his secret to success? a massive recall from one of america's largest ice cream producers. we're going to give you details on that coming up. don't go away. no pictures of trucks pulling boats. no photos of men working on ranches. just a ram 1500 ecodiesel that gets the best fuel economy of any half-ton pickup.

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liz: three major retailers across the country are pulling bluebell ice cream products off their shelves, sam's club, kroger, hbv, decided to halt sales after three deaths were linked to bluebell ice cream that had been contaminated with listeria. the listeria bacteria, traced back to its oklahoma plant which is now temporarily closed. the bacteria was found in eight of the company's products. by the way, bluebell is the third highest selling highs cream brand in the united states we've all been talking about possible threats to our stock and bond portfolios. whether a weak dollar, rising rates, disappointing job growth, there is always something,

right? what if there were even greater threat to your savings that you may have overlooked? joining me, jonathan clement. "wall street journal" columnist and author of jonathan clement's money guide 2015. every time you have an article i always stop and read it because it speaks to everybody who cares about their money. who among us doesn't. but you distilled a couple issues that you feel mistakes people are making right now. i want to get to them. number one. >> one of the big mistakes, people are underinsured. things like health insurance, disability insurance and life insurance. for instance, the typical american has $167,000 in life insurance. that is three times the median household income. one rule of thumb people should have five to seven times income. liz: why? i look at insurance. these guys are there when the sun is out and minute you need them they're not there. i have that view of insurance companies sometimes. listen it is not always true. but if you're dead, what do you

need insurance for? >> so one of the things people think about is, okay i don't need disability insurance? what is the chance i become disabled or i don't need life insurance, i'm young what is the risk? what is chance i may have heart attack. that's true. what you have to think about is not so much the risk as the consequences. if you have young kids and you go under the next bus, how is your family going to get by? liz: completely swamped. >> could be completely wiped out. you don't want to leave your family in the financial lurch. liz: i would have thought failing to buy, life, health, disability insurance on your list is number one but that is crucial. what is number two? >> a lot of people have badly diversified portfolio. this statistics offering 401(k), they have 8% of their money in their employer's stock. essentially beth paycheck on company and also retirement. what if the company gets into financial trouble? what if it turns out to be next enron? you could be out of a job and

have no retirement savings left. liz: when i worked at cnbc and it was owned by ge, too many people had all of their 401(k) in ge, thinking the sun will shine forever. everybody got swamped on that one. >> you don't know what will happen to individual stocks. i'm a big fan of investing in the stock market, but if you do it you have to be diversified. liz: wagering on one or two heavily mortgage rental properties. why is this a danger that people don't recognize? >> people are huge fans of investing in rental properties. is one of the way average americans accumulate wealth over time. liz: gives me a leg up. i own rental property. income. >> you're making huge undiversified bet on single piece of property. what if you end up with troublesome tenant? what if you end up out of work? you can't cover mortgage payments, get foreclosed on. you could get in trouble really quick. don't forget we had huge decline in the housing market.

liz: go see michael keaton in pacific heights, you see what a nightmare can. old movie but definitely. betting big on stocks, when you don't have the stomach for it. >> we saw this back in 2008 and 2009. how quickly people forget. i remember back in late 2008, getting calls and emails from people i thought were veteran stock market investors. they were terrified. they thought the world was coming to an end and they were selling. you do not want to be in the position where you're panicking out of stocks when the market is down 50%. liz: how do you judge really quickly? >> best thing to judge risk tolerance, see how you based historically. don't think about how you based historically. look at trade reports. how did you behave in 2008 an 2009? liz: sobbing, crying, shaking. all wonderful advice. catch it in jonathan clement's column every single day in "the wall street journal" thank you so much. >> my pleasure, liz. liz: great to see you. talk about success.

listen to this new york high school student harold ecke, got into every single college which he applied including all eight ivy league schools. guess what? showed up on "fox & friends" this morning to talk about his secret to success. >> i would say i like worked pretty hard. i definitely tried to apply myself, tried to take advantage of every opportunity afforded to me in my high school. i would say i'm pretty self-motivated. i tried to, reach out to like, my teachers and like, i was very involved in school. i think those are the -- >> more than just doing your homework? >> definitely more than doing your homework. be involved like community service. liz: he is so humble. can i tell you how humble this kid is? he was doing scientific experiments coming up with great discoveries. so harold came here to the u.s. with his parents when he was eight years old. he came from nigeria. he has yet to announce where he is going to attend but he is hinting, he is leaning toward one school, yale.

yale. biggest concerns facing american businesses right now. is it it the dollar, the economy, federal reserve, what is it going to do, when will it tighten rates? all of the above or something else? exclusive look into the result of deloitte chief financial officer survey right here exclusively next. >> hi, everybody, i'm gerri willis. coming up on my show at the top of the hour, new safety concerns over older model jeep suvs after a huge jury award against chrysler. one of the big stories coming up on "the willis report" in just a few minutes. ♪ financial services firms? or 13,000 financial advisors who say thank you? it's why edward jones is the big company that doesn't act that way. bring us your baffling. bring us your audacious. we want your sticky notes, sketchbooks, and scribbles.

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liz: dismal employment report in march has a lot of people questioning the strength of the u.s. economy but, you know who is not questioning it, worries about it? u.s. chief financial officers. they're actually quiteic about s growth prospects for the ninth straight quarter. according to deloitte's most recent cfo survey. what is driving the optimism? here to tell us more, sandy cockrell, deloitte's managing partner. cfos are bean counters. they have to figure out how to make it. they're optimistic? why? >> nine straight quarters of net optimism in our inconnection. this standses at 34 points which is very healthy over the life of the survey. >> what jumps out at you? let's tackle a couple of things.

always different in different parts of the nation but geographics of this picture. >> these are pretty much multinational companies that trade all over the world. i wouldn't say regionally focused in the u.s. couple things. north american economy is something they have great faith in right now. liz: looks like one of best things going. >> especially compared to china and europe. there it is pretty dismal. 2% of cfos say europe's economy is good. liz: good. 2%. only 2%. they're saying at least there are good opportunities in the u.s. and other areas. anything else stand out as far as points on the globe? >> going back to the u.s., almost 60% say the economy is good. that is a positive factor when you look at company prospects and plans? liz: does that mean they will be hiring? >> yes, employment hiring, forecast a year ago, 1%. a quarter ago, 2.1%. now it is 2.4%, one of the highest over the history of the survey. that is very positive.

>> you get a lot of people coming on the show. we do, obama care will ruin business. the fed is ruperting everything. i'm not hearing that from you. >> no, the fact bias is clearly to growing revenues as oppose cutting costs. cfos are very positive where they see companies going next couple years. liz: what concerns they have? >> concerns are economies outside of the united states. emerging market. china, basically 18% said the economy in china is good day. that is down from 35% from one quarter ago. liz: they were looking to china, many multinationals, people will buy our stuff there in china. >> we'll continue to see investments in china. it is such a big market, that you have to be there, but with a lot more caution than a quarter ago. liz: what did you find most surprising you heards, how many cfos are participating? >> roughly 100. very large amount. liz: what surprised you? >> shareholder activism, 75% of cfos said they had been contacted one way or activist

activity. letters to board of directors and management. liz: that is headache for them. >> yes. liz: they love to come on and say every shareholder opinions matter, sometimes activists are in the quick punch, quick opportunity, get in, get out. >> what it has done cfos added to their plate, spending more and more time on investor relations dealing with act activists shareholders. liz: instead of developing next great product which could be a concern? >> yes. >> the sense you got all the activists put aside things are pretty darn good? >> they're optimistic bunch, they really are. they are very resilient. liz: when you look at resilience, cfos don't strike me. to hear this from deloitte. ninth straight quarter of optimism. great to hear from you. sandy cockrell from deloitte. david asman will be back with me. "the willis report" is next. we hope you have a great

evening. thanks so much for joining us. ♪ gerri: hello, everybody, i'm gerri willis and this is "the willis report," the show where consumers are our business. more legal trouble for chrysler. after a jury awards $150 million in damages. do these jeeps pose a serious safety risk for consumers? >> the problem is, this gas tank is, you know, filled with gasoline and literally inches from the back bummer. terrible jobs report. economic growth estimates are slashed. are we headed for another recession? >> we're now being told really that 2% growth may be the new normal. you know, so that is disaster. gerri: shaping up to be the worst tax season in memory. >>rd coulding to a new survey by wallet