a slight we are in positive territory for the year. [closing bell ringing] david: talk about lipstick on a pig. liz: see if market settles. stuart: i don't know. holding on to slight optimism here on a very pessimistic day. news here is that we are in negative territory all over the place, whether it is big cap, small cap, tech, traditional, big-time companies. it is all over the place. but the bells are ringing on wall street. this is how it is ending today. looks like we'll avoid a 300 point loss but just barely. all indices are done well over 1%. in most cases 1 1/2%. the s&p 500, a little less hurt than the other indices. liz: one thing up was volatility or fear index. david: you bet. liz: anywhere between 14 to six teen% to the upside. how do you plan for monday? "after the bell" starts right now.

liz: let's get right to today's big selloff. we have david steinberg from dls capital. david's here with two big but contrarian calls you need to hear about. kevin giddis in the chair from raymond james. he will tell us if he thinks the fed will wait to raise ritz but until when? tim courtney, breaks down where he is sees real opportunity. but it is overseas. phil streible in the pits of cme. phil, you heard nicole petallides say you could see this from the minute opening bell rang. could you blame china, europe or something else. what are you blaming for this big rout today? >> i saw the news this morning and saw market action, so i saw red tie here today. you have a lot of things going on. problems over in china. they're increasing number of stocks you can sell from nine hundred to 1100. a lot of concern about margin. you can see they're looking for

pull back in their markets. chance for greece to exit could be early as next friday all the way out to may 9th. a lot of people throw out different dates there. s&p was able to hold on to a couple critical key levels like 2080. that is key level of support. we saw the dow continue to hold that slightly positive mark. so some people will remain somewhat comfortable with the market here. today was definitely a shock across the market. david: kevin, put overseas stuff aside for a second, talk about what happened domestically. we got news from the "wall street journal," that the fed is concerned enough about what is happening here with our growth that they may put off the june fed hike. that usually gives market a little bounce. today, not at all. >> no, not at all, david. i'm not sure what my tie represents but it -- david: right in the middle. green and red. it is kind of a mixture. >> june is so much off the table now for the fed. i think they're focused next september or maybe even december.

today's number from -- david: so why didn't the market get a bounce today? usually the market is happy when they hear the fed will put off a rate hike? >> for the bond market it was kind of a quiet day because inflation numbers weren't lower than expected. they were about as expected. that ticked up over the year 1.1%. that inflation is down the year. may of last year, we were at 2% year-over-year cpi at core rate. david: then we came back down again. >> yeah. we're in another cycle. liz: tim, you're saying people need to go overseas. what happened overseas triggered a selloff overseas. why where and why do you like things other than u.s. for investing? >> well, internationally, if we look at developed markets, they're trading at about 25% discount to similar u.s. assets. in emerging markets like china, india, brazil, they're trading

35% discount to similar u.s. assets. when you see that price disparity that is generally a good sign for those assets moving forward. they're cheaper for a reason. they're in weaker markets. chinese market is slowing. europe has much greater chance dipping into recession than the u.s. they're not without reason why they're trading at these low levels but i think days like today are good for getting free cash invested and put it to work and pick up assets. david: david, oil is down for the week, but up 8%. this is biggest move in oil to four years. you like bp right now. it had corporate troubles as we know with the spills and lawsuits. is that the way you play oil right now? >> you can play oil with any of the big ones. look, the correction in oil at that took place is similar to what took place in '86. david: wow. >> i like brit petroleum because it has all the problems. you have assets really cheap. all the uncertainties. security in the crop.

one of the few companies that can be acquired once litigation dissipates. if you drill down, that is what you buy barrels of oil for. i'm not in your studio, expect it had a good day today. up for the year. just under 6% dividend yield. you're buying really out of favor titan. liz: phil, i don't know, at this time is -- it is very earning, in the cycle for earnings this quarter. companies are missing on revenues. does this theme continue? can you spin it forward to monday and what people should be doing? appeared nobody wanted to go into the weekend long this market? >> a lot of liquidation. i. i think a lot of revenues will start to miss. we've had earnings, just, cycle after cycle, we've seen them where they have been raising the bar. we've been jumping past those hurdles no problem. liz: now they lowered the bar. >> exactly. i mean, they're making it solo.

i think once the fed does start to raise rates we'll start to see a top form in the s&p. i think we will see a pullback. i think gains on year for s&p are 5% at best. david: kevin, even though cpi, wasn't about expectations. some people say time to short treasurys. what do you say about that? >> i think that is a dangerous trade. even though the fed wants to come off zero rate policy stay to the discipline of being data dependent, data doesn't support it. i don't see them moving. do think that favors treasurys, because a lot of money coming in from foreign central banks. david: still you go for treasurys even though there is up tick in inflation? >> i wouldn't be short treasurys. you can make your judgment on long positions. two year note would be subject to what the fed would do is down 10 basis points last week. we're not thinking about it that way. we have greater risk of 150 than 2.25 on tens. liz: tim, if we go what you in

essence says, avoid the fed and go international, where are the best places to stash that money, to sock it? are there opportunity you see where you get widespread bang for your buck? >> i think internationally. international small caps are still trading below their book value. that is a good area to invest in. should provide higher than expected returns moving forward. emerging markets even though they're weaker. they're small markets more illiquid. higher than expected returns coming from those as well. in the united states, eastern though i think like you mentioned, companies are having a hard time hitting top line, that, when you have a fairly valued market, when you struggle hitting top line, we'll have days like this. relatively speaking, u.s. stocks, versus alternatives like bonds and real estate, they still look relatively good. liz: okay. great to see all of you. david steinberg, kevin giddis, david courtney, phil streible. david? david: weakness in the global

economy spurring today's big selloff and leading federal reserve to think about a june rate hike. "wall street journal" correspondent jon hilsenrath, also a fox business contributor. jon, great reporting today. apparently the fed, they have so much more data than us lesser mortals have access too. do you think they're actually seeing a negative quarter in the first? >> no but they're seeing a first quarter that's a lot weaker than they had expected coming into the year. you know i think that they do look at a lot of data but they're really focused on a lot of reports that we're all looking on, at, right now. that april jobs report was very soft. this week we had industrial production numbers, retail sales numbers, housing starts. all came in under expectations. so, they thought this year was going to be once again, a breakout year for the economy. looks like it's not. that has to the them a little antsy right now. david: let me put a fine point what you said. you're saying they probably do

not see a negative first quarter? that's significant. >> i don't think so. david: okay. >> their foreare probably in line with consensus. >> okay. >> they're responding to same data we're all looking at which shows a weak first quarter. hey, if we get a negative first quarter, let's not forget last career we had a negative print. david: negative, more than 2% negative, yeah. >> the economy came roaring back. had a great second and third quarter. so it is a hard time for fed officials to be making decisions because the numbers get very volatile this time of year. david: they are sounding more like they're ready to put off a rate hike. you quote eric rosengren, this is speech he made couple days ago, fed bank of boston president. it remains difficult to separate the temporary and easy to explain from the lasting and more concerning. to your point it is so complex right now. in my view incoming data would need to be improve to fully

satisfy the fed's two conditions for starting to raise rates. one of those is inflation. what is the other? >> employment. they want to see continued -- david: employment looks good on the overall number. when you dig in it starts to look bad. >> even the overall number wasn't that great for march. i think they're keeping a close eye on that. i think, this is the other really important point which i'm getting from all these fed officials that i'm talking to. which it is hard to understand if this was a temporary blip, right now. or if we shifted into some new slow growth phase. could you explain why we might have a slow growth phase. the dollar has gotten a lot stronger for instance. that could hurt exports sector. oil prices have fallen. that could be hurting investment in energy equipment. so those kinds of things are out there. this is why june becomes a problem for them. they have to spend next couple months trying to figure out, if this was a blip or if this was

something real. that doesn't give them a lot of time to get to a very confident state to start moving rates up mid-year. why we're now looking at decent or beyond. david: jon, with these zero interest rates, basically that's what they amount to. god he help us if we go into negative interest rates, there are so many savers. i get some emails from people saving money don't want to put money in the stock market, they're not making a opinion any. they're losing money when you factor inflation in. >> yeah. david: doesn't anybody at the fed care about savers? >> well, they do but there is a couple of points to make here. so, you know, so look at what happened in europe, when the ecb was very slow to adopt a bond-buying program, quantitative easing. right? in fact they raised rates early in the expansion period because they saw oil prices going up. look what happened? they have had three recessions in the last six years. david: that's true. >> rates are negative there. it is hard to put all of this on the fed.

the other thing is, that, yet you want to have, your investments in a safe place right now, but, you know, if the fed were very tight, we could be seeing stocks prices falling, real estate prices falling that wouldn't help savers either. they're in a tough spot. they're in a tough spot because of all the excess this is economy has. david: right. a lot of people saying because of some actions taken by past fed chairmans as well. >> absolutely. david: jon hilsenrath, thanks very much. great reporting. appreciate you being here. >> thanks a lot. liz: new report from the cdc shows more and more high school students using e-cigarettes but up next we thought let's bring in a e-cigarette maker on why he says the industry shouldn't take the blame. you have got to hear this. david: nearly 1/3 of higher income households live paycheck to paycheck. if you make 70 grand a year, you think you're okay but they don't have any stocks or savings for a rainy day. does a massive drop in the

markets matter at all? is the disconnect too large? our panel debates that. liz: verizon unbundling, finally let consumers pick and choose little pockets and groups of channels rather than pay for hundreds of them, some that you don't even want. are cable alternatives worried? we have roku, the biggest player in cutting the cord revolution. ♪

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liz: pretty significant selloff on wall street. here are the numbers as they have settled. all three indices heading lower for the week. but mapping to stay positive for the year. even though the dow got slammed, down 279 points. nasdaq also getting hit hard. here is energy sector. that was only one. ending higher this week. david: walmart temporarily closing five stores and temporarily putting 2200 people out of work to fix plumbing problems. employees were blindsided by news only notified couple hours. the stores are in texas, california, florida, oklahoma. will keep their doors shut for extended repairs. this could be up to six months, liz. liz: electronic cigarette-makers feeling heat on news, that teen use is surging. cdc found while high school

student smoking fewer cigarettes, they're lighting up e-cigarettes. this is also known as vaping, more and more. with the his response president of e-cigarette maker logic. miguel, this got people nervous, maybe you guys are not to blame, but somebody is letting kids buy the e-cigarettes. parents are worried. the cdc is concerned. tell us where you stand on this report? >> thank you for having me. i would tell you this comes asurprise to them but we do not intend and do a lot of efforts to make sure the products do not get in the hands ever children. give you two examples. our company logic, over 95% of our products are sold in retail stores. we agreements with those stores that they sell them at legal smoking age. those are stores that age verify, very effectively for both tobacco and alcohol. secondarily, all, we only sell very little bit amount of our product on internet, we use incredibly robust software

called aristotle that is used by government agencies and security firms to insure that the people that buy our product are of legal smoking age. all of our marketing, all of our intent is to market and sell these products to adult smokers. why there are some bad actors out there in the space, there are companies, particularly companies like ours, that are insuring that the most important thing you can do is make sure the youth do not have access to these products. >> okay, how are they getting them, your best guess? you guys will have to be in business of tracking it down or figuring it out or you get such bad press, people who should be allowed to use e-cigarettes, which helped cut down on regular cigarette smoking which is more dangerous, you will maybe get in trouble for that. so you have got to be careful here. how are they getting these things into their hands? >> i think if you go, there are hundreds of sites on the internet where someone needs to raise their hand say they're over the age of 18 and have unregulated, unverified

electronic cigarettes shipped to their house, in the case of a child, no knowledge by their parents. we would support regulations that would insure the age and sale of this product is of legal smoking age. as well we would support, if you sell them online, you have to use what is proven in tested technology, to insure that kids don't have access to it. this isn't rocket science. this isn't hard thing to do. if you can't comply with that, which is adult oriented product we've agreed to, you can't sell the product. liz: miguel, how is the business going? these were relatively new products last couple years. what kind of jump have you seen in people buying your cigarettes? >> we've seen incredible growth in this category. we estimate right now the u.s. category is about $3 billion in sales. just for perspective, the energy drink business is 10 billion. the growth curve on e-cigarettes is faster than what you saw in energy drinks. it is consolidated business. we're currently largest independent manufacturer. we're doing exceedingly well. i will tell you that having responsible regulatory approach

like logic has had, is not only good for current environment, but also good for business. we're thrilled with domestic and international business. liz: what is in these things, miguel? there has to be something, there is a lot of vapor, right? you light it up and thing in the thing. >> yep. liz: explain to our viewers what is in there? some of the complaints have been we don't know yet what co3ld end up being a health problem down the line. >> well, it is a chemical compound that is vaporized. so super heated into a miss or vapor that simulates smoke. we disclose all of our packaging primary ingredients in our products. we do that voluntarily. we're going through the process where fda will have ingredient disclosure. primary chemicals, nicotine, water, propylene glycol and some ing. thing that is different between

cigarettes, if compound is issue the way you can modify it the way you can't modify a traditional cigarette. this science based fda product is good for business. we've been very supportive of that all the way through. one of the primary complaints you have around flavoring. my company and ourself we oppose candy-based flavors and yu oriented flavors. these products are for adults. for perspective u.s. cigarette business is $70 billion a year business. you can very effective and regulatory forward selling your products to adult smoke years do us a favor. come back. we know the story will continue. thank you so much. supporting regulation that would prevent kids from gets these in their hands. miguel martin, from logic e-cigarettes. david: fascinating topic. living paycheck to paycheck for many americans, today's stock losses doesn't mean anything because they couldn't afford to buy stocks in the first place. what if anything can boost wage

growth? our all-star panel weighing in. one cable company fighting back against streaming. with more and more people saying tv is dead, verizon taking steps to keep its customers happy. wit it work? keep it right here. we have the business for you coming up. ♪

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for all the confidence you need. td ameritrade. you got this. david: market getting crushed today, but most americans, even those making $70,000 a year are living paycheck to paycheck with no stocks or savings. does it matter to main street what happens on wall street? let's bring in our all-star panel, nomi prins, and any randazzo, former congressman dennis kucinich, a fox news contributor. dennis, first to you, does it matter to main street what happens to wall street? >> well it certainly does. we saw in the financial collapse of 2007, that main street had

tremendous amount of its wealth sucked out of housing an investments because of a lack of oversight by, by the government of wall street. so wall street activity, is part of the engine driving an acceleration of wealth in america upwards. since 2008, approximately 95% of the income gains have gone to the top 1%. david: right. >> the middle class and upper middle class, he, listen i agree with you on that. anthony i would emphasize that distance has grown in the past six years, with policies where we give the government and fed even more power. >> that is exactly right. what is going on is, this is, attempt to try to regulate away a bunch of problems. it minds up being massive regressive policy we'll give a bunch of bailouts to wall street instead of tightly containing what happens. that means fur middle class or less in this country, you are not getting tapped into this

massive growth in stocks. david: bailouts, by the way, that i think all ofous agree, at least all of us would agree were no good. but, nomi, to you, on this original question, because some americans were spooked what happened with the.com crash and with 2008 stock crash, are they just kind of, they don't give a damn anymore what happens with the stock market? >> i think they care and it does impact companies when they lay off people and so forth because they're looking at their stocks going down. they reduced employment levels which are already hurting. that is already hurting the middle class. other thing relates to what anthony and dennis kucinich said, is that because there have been policies that dumped money in bailouts and zero interest rate policies into wall street and into corporations, into buybacks that create as disconnect between the stock market going up and individuals not participating in the stock market, not getting any of those benefits. david: right. >> on relative basis having that

cast grow greater. the middle class isn't as invested in the stock market but are hurt by activity when stock market goes down. the money in it is relatively fictitious and based on policy only goes to the financial system and it is major clients. david: they're also hurt by this. that savers are getting hurt bad by zero interest rates. it is all connected. but now citibank economist came up with the ultimate hit on savers. abolish cash all together. is this kind of central bank nonsense we may actually see play out. naomi, excuse me, nomi, this is kind of a logical extension of negative interest rates they have in europe, isn't it? >> well, we have negative in europe and central banks around the world continue to decrease their rates and buy their bonds. so what is happening is, where else can you go but to people with limited deposits

concentrating those in the banks. if we get rid of cash, one way to continue artificiality of keeping cost of cash zero if it doesn't exist. david, what you said is better policy have rates on people's deposits actually mean something, be in positive territory. david: that used to be way whole banking industry worked. you put your money in a bank. the bank would lend it out and you get a cut of profits they got in form of interest. dennis kucinich, there is so much about this idea that scares the hell out of me. dollars are more than a economic dream. they represent the work that we have done, the stored value of hard work we have done. also question of privacy. if there is no cash you don't have privacy to spend what isn't monitored by the government, correct. >> you're absolutely right. last thing we want is the government to be aware of every

single transaction we make. that is what a cashless society is about. we need to put the fed back under treasury, consistent with the constitution, eliminate fractional reserve banking. give the government to ability to spend money in circulation to meet needs of country. right now where you have a situation where monetary policy is out of control. these people can't cashless society. this is about centralized control of our lives. david: you're right. >> i have no problem with cashless society. i think digital curren is great way. david: this is little different than that. >> this is different. this is not just about a cashless society. this is fed giving power over manipulating a single digital currency. that's a problem. we can go to cashless society. but not if it means the fed gets more power. david: a lot of political, business and market action. we'll take a look at week's biggest winners and losers. my favorite segment of the whole week. liz. liz: did you see this? verizon unveiling a plan that

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>> oil was down today, but it rows about 8% for the week. this is the biggest one week gain in four years and they are now pricking that u.s. productions is going down as profits wear then. so as the party just about over with low oil prices. three, what do you think? >> i think if i actually knew where prices were going, we're going to be here talking to you, but what i'm going to say is oil prices the factual that they've been so low has helped the big sectors the economy. >> yeah. >> that has covered up how the economy has really been overtly last several quarters. >> really? so as the prices go up, the benefits that have can benefited from this are not going to have the same kinds of gains, we're going to say reflect in the weaker economy. >> well, we were told that these low oil prices and gas prices are going to translate relate to retail sales, that hasn't happened.

>> well, what's happening is you have the potential, and that's what it's about, it's a potential for increased consumer spending. there have been predictions that we'll see a 3% increase inspect gdp, and one factor in low oil prices. however, as soon as you see prices have u.s. crude pay at 60s, you're going to see more production going on, you'll probably see the oil prices go up, and right now 64.08, you can expect that saab and, oh, pec producers are just waiting for the opportunity for the u.s. policy issues that have, basically, tempted and kept the price of oil low, you're going to look at the price of oil go through the roof. >> yeah. i just want to bring in here, but bottom line, naomi, is that the bottom line has already come down, less efficient oil drillers have lost their business. >> yeah. and that's already happened -- >> actually they're -- >> go ahead, naomi.

>> go ahead. >> the original decline in oil is much less of a supply and demand thing, i've said this before and more speculation as to how that plays into the markets, that plays into trading. and what's happening now is some of the argument going away, that's why oil is kind of creeping up because you actually have vine inside of oil. >> right. >> but you still have the negative side of that, which is some of this supply, demand argument. so you have two opposing camps, which are together slowly moving the price of oil up, and you add to that what happens when it becomes more profitable to the, you know, suppliers there and, in fact, still in the game and it will continue to go up from there. >> it's going up -- but in a slightly higher range. >> bottom line it's going up. time for the best segment of television today. who is your looser of the week? >> ben & jerry's ice cream, it went over well, it's good for the company, good for the ice cream and the rest, so that

the so that is the my favorite winner. dennis, what is the winner? >> still the american consumer as long as the prices stay below 60 and as long as brent oil keeps low. >> yeah. and the strong dollar makes stuff here very cheech. anthony. >> i'm going to say social security number, we saw chris christie talking about this, and we saw rubio talking about this, if this becomes an issue in the presidential election, this is actually the winner of the u.s. taxpayer . >> let's hope it happens, but don't cut my social security number, i would say the fox winner is the kathryn heritage, but her reporting on the combat benefits for their injuries in the fort hood massacre, that really helped turned around that awful decision, soldiers will now get benefits as a result of her reporting. and losers, let's continue, naomi, with you. >> i think jeb but she was actually the loser looking as

times weren't relative to hilary clinton, he got kind of slammed in his bio. hilary is the history's greatest modern cration, so i think he definitely lost on that one . >> it would be god's creation, not history's cration. >> dennis, go ahead, who is the loser of the week? >> plant earth because we're approaching earth day and the fact of the matter is we've done very little to increase, affected by oil prices, but sooner or later we're going to have to get -- i give it a decade . >> okay. all right. well, i'm breathing much better here in new york. you'll be happy to know that i used to. anthony, loser of the week. >> i'm going to say the u.s. taxpayer. april 15th was this week, and we have a manifestly ineffective -- we're the losers this week. >> dennis, you're going to love my loser of the week. been.

he called himself courageous after his term of sucking up to wall street, and now he's cashing in on a hedge fund job. do you appreciate that one, dennis? >> is he a winner or loser. >> he's a loser for calling himself courageous. >> good luck to him, but let's look at it, you're right from the beginning, the fed, we have to put more attention on the fed, its policies, how it affects mainstream, and that's a good thing. >> we have to leave it at that. thank you so much, i appreciate you all for being here. >> david, verizon looking to stop core cutters, might be a first step for the paid tv service, but will it pay enough? biggest popularities, we've got one of the top streaming giants roku, plus it's crush time for the national hockey league. playoffs begin, go rangers, go

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univision, you're 80 years old, why are you taking for in nickelodeon? so verizon said okay. we're going to break up our paid tv model allowing the customer flexibility to purchase channels that you really want to watch. paid tv providers are having huge competition with streaming competition. now are the streaming companies worried or is it too little too late? and steve roku's manager, steve, i was wondering what you thought when you heard that fios was saying we'll give you what you want to pay for, but you guys have always been in the game of streaming, and what do you think of fios's move. >> well, we love to see progress with paid tv operators and the with the programmers too to make content more available through creative pricing, you know, the sort of monolithic bungled

is not appealing to the younger demographics, not peggy to a lot of people, so we believe that more pricing reflects ability will raise demand for products and just help with the overall media ecosystem and make people happier with what they're paying for . >> but does it make you nervous? >> whether it's streaming or whether it's -- whether it's transitional paid tv, it's all positive progress whereas transitionally i think programmers mainly more so than the paid tv operators themselves, the programmers have been conservative about how they want to experiment with pricing. so now we're seeing, you know, less conservism and less creative. i don't really -- i -- you know, we're very confident that one day all television will be streamed. >> really? and a lot of it will be streamed over fios's network, and i'm sure that will make

them very happy too . >> certainly owning the pipes is certainly and you're allusion talking about bundling things like broadband, but you guys just unveiled the roku's 2 box, talk about the sales of this and tell me why people are buying that instead of signing up for cable television. >> yeah. well, a lot of people have both. in fact, most people have both. paid tv, transitional paid tv service and a roku, but increasingly people are just using the roku, and people use it for a lot of reasons. we have over 2,000 channels available, so the selection is tremendous, the video quality is great, it's much easier to use an a transitional cable box, and, you know, you can get one as low as 49.9 and there's no recurring fees unless you subscribe to netflix, but we've become the easiest way to access hulu or

netflix and it's a great new consumer value proposition that folks are really eating up. >> you say folks and let's really call it what it is, the million inials have driven this horse in a different direction, they're the ones saying why am i paying for television, they don't even want it, and many of these kids don't even have cable television anymore, do you think the content providers are in a little bit of denial saying, oh, cord can you get not happening? is cord cutting happening? >> yes. it's not a dramatic trend yet, it's a trickle at this point, but it's accelerating and it is a very important trend. and i wouldn't say folks have their head in the sand, it's all the discussion and all the industry, you know, trades and

panels and conferences, everybody is very aware of it. >> okay. >> luckily it's a slow enough trend that the operators and the programmers i think will have time to respond with these things, like, the announcement today from verizon with more creative pricing packages. >> okay. >> so, you know, the initiative is going to have time to react, but it's definitely a trend and not one that will go away easily. >> yeah. let's not ignore that trend. you're not. steve shannon of roku, thanks so much for okay. >> thanks for having me . >> you kind of left time warner out of the conversation, meanwhile they're not playing for fame or fortune, they're playing to hold the stanley cup up informed arms, the hockey insider is here to tell us who could win. that's next >> coming up on my show at the top of the hour, the mess of the irs, taxpayers being ripped off by they've seen because it's a flimsy security

systems at the irs, we'll have a special investigation. it's just one of the bigger consumer stories coming up on the willis report in just a few minutes t. yeah, i see it. so i think there're a couple of approaches we can take here... announcer: we came to manage over $800 billion dollars in assets, through face time on your terms. it's how edward jones makes sense of investing. "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,

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>> you know, back at the beginning of the year, we were told this market would be flat for the first half. that's happened. important to keep in mind on a bad day like today when all the indices are down. we're up for the year. just barely. the dow is up .01% for the entire year. that's about as close as you can

get to be flatlined as you can get. oil was down again today. for the week, up 8%. bad day, it could be worse. >> the nhl playoffs underway. big money for the industry. what does it take to be a champion? what will it mean for a team's bottom line if they win? al. meet al, he's the hockey managing partner. the silver olympic team. you represent 100 players. al, how has the season been goingoing? is it considered a success? >> it has. this is the best time of the season, nhl playoffs. we're underway. one game played by every team. who will be the winner? liz: i have to tell you, this is the first time that we've had two new york teams. there are the rangers. they won last night. the islanders won their

first game. that's a huge hockey market. the canadian market is looking good. cal ga ree flames. do you have a guest on who takes it all the way? (?) >> well, we now have five times. five canadian teams in the playoffs. the islanders are looking good. and we're building that rivalry with the rangers. my pick would be out east. tight race between montreal and the rangers. the winner out east will probably be the canadian. and out west, everybody likes chicago's experience. i would say it would be a blackhawks montreal canadian final. >> we have the anaheim ducks. from the standpoint of a player. to be on a playoff team. does that help their chances of upping their money in the future contract negotiations? >> yes. it happens very often that a player has a good playoff run. and a contract expiring next season or the following season that

pays off huge dividends for the players when they have a good playoff run. and the teams love it too. liz: oh, yeah. but the high-paid players. now you're talking real money. the nhl has always lagged, of som hasn't it? getting back up there with multi million dollar contracts? >> it's getting up there. ever since our new cba, the revenue is split 50/50 between the players and the league. both sides are very driven to really help drive the -- the revenue up in any way that they can. liz: it's still known as the canadian past time. trying to get the americans excited about it. a lot of networks hoping that more and more people are watching hockey. how do you get americans excited about hockey? >> you're right. on the american side. it's more of a regional

sport. that 100-mile raid radius, anything beyond that hard to get viewers. they need to make the players more accessible to the fans. i think social media will help drive that quite a bit more. liz: we just need slap shot 2. part two. we need slap shot 2. >> bringing back a classic there, yes. liz: i can't believe you said the canadians will beat the rangers. we'll see about that. al, thank you so much for joining us. >> thank you for having me. liz: big agent for 100 players, david. david: unbelievable. rangers, i can't believe they've made it this far. liz: they're seated number one. david: i had my knee redone by the rangers doctor. rangers knee surgeon. he never worked on basketball players and football players because hockey players were the only guys who could take

the pain. the football players couldn't do it. liz: hockey players play with broken bones. have a great weekend. david: take care of yourself. the willis report is coming next. gerri: hello, everyone. i'm gerri willis. this is the willis report. the show where consumers are our business. theft of tax returns by thieves this year. the irs opening the door to crooks. we'll investigate. hillary clinton's credibility gap. says she's for the folks. why did she hire a wall street bigwig accused of crashing the economy? big shake up in the way you get tv. verizon letting you pick and choose what you pay for. >> this looks like one step closer to actually cutting the cord. gerri: also, the espn tirade. >> i'm in the news sweetheart. >> espn uer