[closing bell ringing]. liz: sales force ending session up. stocks had trouble coming back. federal reserve in essence, said, good what, no move at all. in fact we'll not even hint about june for sent. ashley: took away any targets. we'll see. betting is on september. as you mentioned earlier hour, maybe december for a rate hike. i have a feeling that the economic data will be a lot vuonger in the second quarter which will complicate matters. liz: absolutely. ashley webster in for david asman. "after the bell" starts right now.

liz: let's break down today's action. we have hank smith from haverford trust. he will tell us why he is not worried at all about the market's high valuation. he thinks it is basically normally evaluated. guy lebaf when he thinks the fed will raise rates. who cares what the fed fund futures say. todd horowitz in the pits of cme. we care what you think. fed said no move. we'll not hint about any date. markets seemed to focus on a bad gdp print for the quarter. >> hi, liz. hi, ashley. the bonds are telling us they think the fed, even though they said nothing today, will raise sooner than later. however i think we'll find out as time goes on that 2015 will not see a rate hike. that the market will continue, we saw gdp today. there is no growth. we're talking about this for six months, where will the growth come from? i don't see it better in the

second quarter. we shrink ability to make money. limiting new startups and new money. although prints are good, not good, where will the growth come going forward. you know i'm negative on market. the fundamental data doesn't back up where we are. you can't fight the fed. can't fight the tape. i'm nor neutral. chomping at the bit to jump in here. ashley: this rally they will tell you has been fueled by bubble fueled by the fed. you say forget about it, there is more room to run higher, right? >> absolutely. with respect to the gdp print for first quarter, this is deja vu. we saw something very similar to this last year. there is going to be unleashing of pent-up demand particularly by the consumer. second quarter will be stronger and that will, that momentum will carry forward into the third and fourth quarter just like last year. we believe this bull market has a long ways to go because bull

markets die because of recessions. in our view there is very little risk of a recession over the next 18 to 24 months. liz: guy, do you think, what hank just said is true? look, we had very ugly gdp number for the first quarter but it wasn't zero. which is what the atlanta fed at one point was predicting. it is not as bad as it was but maybe hank is right. transitory issues don't last long, the if he mentioned, weather, stronger oil prices, strong dollar which got weaker today. maybe that eliminates in the current quarter and third quarter. >> let me take on gdp comments a minute. real issue is one of timing. a consumer is achieving savings from lower gas prices to the fact of 5, 10, $20 a week. business community, large energy firms who can basically turn off energy cap-ex with a flip of a switch. i'm exaggerating.

but as a result you get negatives from energy prices a lot faster than consumer buildup. that is reason i'm modestly optimistic about back three quarters of the year. from the federal reserve where cpi is heading. fed said three months, four months they need to be reasonably confident inflation is increasing towards 2%. we're not reasonably confident yet but my money is on getting to reasonably confident by september. ashley: hank, i want to go back to you because i looked at your picks as far as stocks you liked. you go with johnson & johnson, mcdonald's and proctor & gamble. these are hardly going out on a limb be kind of stocks, are they? >> no. but we're seven years into a bull market. we don't think now is the time to be speculating. invest in solid, blue chip companies. here is the theme with these picks. they all have dividend yields that are better than bond yields. better than not only 10-year treasury. but better than they pay on

their own 10-year debt. companies that have decades of history of annual dividend increases. so this is much better than fixed income in our viewpoint. liz: todd, i'm so glad hank brought that up. better than 10-year yield which was all over the map and jumping -- look closed around 2.04. now it is at 2.5. talk about the action in treasury world, if you were teaching finance, and i know you teach finance to high school students, todd, what would you say on number on screen? >> 10-year is really active. really amazing, liz, the bonds are one of the most vulnerable products on the floor. what it is telling us the traders believe that rates are growing to rise sooner than later. so they're pushing up yield to higher levels, thinking that the economy is going to get better sooner here. now, what i'm seeing here is a bunch of traders trying to come

in here to outguess what they figure may or may not do over the neck period of time. because she took off those words and didn't put any data on they're trying to outguess. they're looking for earlier rise. we'll see how volatile it is. i'm looking for 1 1/2 10-year. that is what i'm telling my students. we had a mighty big spike. a little resistance where we were last fed meeting, right where we are today. ashley: guy, let me compact to you, the state of the economy and psyche of the consumer which is so important to this economy. where is the consumer? we're seeing oil prices go up. eventually that will find its way to the pump. sooner rather than later. what is the psyche of consumer right now? what impact does have on companies trying to make a buck? >> i find the situation of consumer speaking more broadly than simply psyche as good, not great, right? we still have cultural and psychological overhang of this horrible recession which is

front and center in many folks minds. job gains are running very strong. there are decent odds we see acceleration in wage pressures this year. discretionary income is boosted, even only 5 or $10 a week by lower energy prices. they have good underlying fundamentals but what consumers chosen to do because of psychological overhang is keep more of that than historically. that is a concern. but at the end of the day consumer spending should be real tiffly stable. that says decent things for the markets, not spectacular but decent. ashley: i hope you're right. thanks for joining us. appreciate it. >> thank you. >> the market kind of went on a wild ride after the federal reserve left wide open chance of interest rate hike as early as june, maybe september, maybe december. two-day policy meeting today and they said nothing about any month in the calendar. is june too early? how would a rate hike impact the

market? joining me in fox business exclusive, sheila bair, former fdic chairman, author of the brand new book, ""bullies wall street." that is the best title. >> it was my publishers. it wasn't mine. mine was, you could do better. that will sell more books. liz: some people on wall street could have done a better. talking about the crisis on wall street. seven years later here we are is a federal reserve stuck in net they are world of extremely lower rate, .25 of a percent. it was unanimous decision to do nothing every month? >> i'm surprised it was unanimous. i read it as pretty dovish. i will be surprised if we get 25 basis points by the end of the year. that could change if the economy picks up. we've been waiting for economy to achieve liftoff for a long time. every time we think it will happen, it is two steps forward, one step back.

i'm not optimistic. my sense, i read it as very dovish. i would be surprised if we get any kind of a rate increase this year. liz: a lot of things referenced waiting for gadot. it has been waiting for gadot. it never really happens. the great recession we hope certainly passed but has focused on banks dissipated too much? you regulated these guys especially during the biggest times of crises. they acted a little like bully, didn't they? >> they did. they still are. you saw with repeal of provision in dodd-frank forced higher risk derivatives out of insured banks. you couldn't use government-backed deposit to fund them. that was amazing. it was on a must pass spending bill. reputational hit was horrendous but apparently they -- for a industry that wants to repair public trust they aren't acting that way. they're pushing people in

washington and trying to push around regulators. liz: some regional banks acted nicely. they got painted with ugly brush than the bigger guys. that might not be hurting them. interesting bank shares soared as it appeared the fed was not going to move again. these bankers, we love a free banking system that does well for everybody, but she will last, they whined, complained, pushed back, eviscerated any kind of regulation. meantime they're making money. they're doing just fine and paying out bonuses? >> they did recover pretty quickly. this has been, this type of monetary policy has been particularly good for investment banking, for institutions with large trading operations. for traditional banks, ones that take deposits and make loans it is very much of a mixed bag. this is consistent criticism i had all along, repeated in the book that came out, our focus was getting bank sector healthy again i iting that would correct the overall economy and it

hasn't. the economy still struggles. it is very uneven recovery. low and middle income people are still hurting. the housing market, if you're on bottom third in your home values, in a lot of your ban areas, those homes are still losing value. they're grossly you know water. they will never pay those mortgages back. so it is just, it's sad. we never really fixed the core problem. with monetary policy, we're trying to keep the economy juiced. that encourages people to borrow more. save less and borrow more. which is problem prior to the crisis. so, i think we need fiscal policy i think fed should get out of this. it will be painful but get out. we need fiscal policy we need fundamental corporate tax reform. infrastructure spending. we need to get smarter. we need entitlement reform. we need to be smarter how we spend our dollars. monetary policy to fix this. liz: time for government to work on this. >> it is. liz: pick up their thing.

the sheila, the book itself to me is not only valuable but very touching because it is written for younger audience -- >> it is. liz: who suffered from the crisis many families foreclosed, moved from houses to smaller apartments or into grandparents houses. parents lost jobs. they didn't understand what was happening this is sort of for that tween and young adult audience, is it not? >> it is. it is written for teenagers. it is narrative with fictional stories and interviewed families and did research and some of the things i saw when chair of fdic i want kids to understand how it is important showing them how kids their age was impacted. i hope it makes it more engaging relative to them. i want this generation, future generations to understand shortsighted behaviors that got us into this mess. this human crisis. this is nobody's fault but our own. my original title for the book was you can do better. i think they can do bert.

my baby boomer generation has not particular been a good steward of the economy. hopefully we turn that around. i want them to do better than we did. liz: i agree with you by i think the title, "bullies of wall street ," i think so too. everybody should buy it for the kids. you want kids to understand to not repeat mistakes of generation that made mistakes. sheila bear, author of the book, "bully of wall street." ashley: how the greedy adults messed up the economy. good title. shares of overstock.com falling for second day as earnings disappoint but dig deeper there is future about the company. we'll talk with patrick byrnes in fox business exclusive next. liz: the for sale signs are out but no one is buying as homeownership hit as 25-year low. our super smart panel tells you how to profit from the trend.

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ashley: an ipad software glitch forced american airlines to ground about two dozen flights last night, believe it or not. american airline pilots rely on ipads for flight plans and navigation. the airline has been using ipads since 2013 and was the first airline to do so. the software glitch made it impossible for some flights to take off. some had to return to the gate to access wi-fi to fix issue. i'm sure passengers were delighted. software and date that that powers the ipads are provided by a unit of bowing digital aviation. to really foul up, use computers. liz: the machines can ruin our lives. they help us but can ruin us. shares of overstock.com falling today, just under 3%. this is the second day arow that after reporting earnings that fall short of analysts.

ashley: average amount spent by consumers jumped. that is good news. joining us patrick m byrne, overstock.com ceo. thanks for joining us. first quarter revenue, let's get this out of the way first. first quarter revenue was up 16.7%, great news, however profits were down more than 30%. why is that? >> we're right on budget where we are. we kind of have -- well, we're growing 17%. we're growing 10 points faster than most of our competitors. we're making money against up against losing hundreds of millions of dollars. we're making money. making 15 to $20 million a year as, we, and taking everything positive that and reinvesting in some very interesting projects we're engaged in is the right long-term strategy for the company without a doubt. this quarter worked out

beautifully from our point of view. we're not quarter to quarter guys. we're yearly guys. i'm really happy where things are. i let people know we're releasing very interesting things this quarter, some interesting technology. so i feel good about the quarter. liz: bingo about being a yearly guy. i hear more ceos say to me, i despise quarterly numbers because it forces us to our eye off the long-term ball which is what investors should be doing. patrick what are your customers buying? it is great they're spending more on each ticket and what is your sense of what consumers are feeling? >> first it doesn't force me to do everything because i don't even know what the quarterly numbers r we never look at wall street expectations. never once in our history we look at what they think our numbers will be this quarter. we never even discuss it. what our customers are doing going more upscale on us. they're buying bigger and more expensive furniture. actually we're growing eight out

of 11 categories we're growing way bought market. so we're quite excited. ashley: also, patrick, what is interesting, i noticed in your quarterly report that you're spending a money, much more money on marketing, tech expenses. do you expect that to continue? when will you see the fruits of that? >> well, we are, we're, we're not spending that much more on sales. in fact, on marketing. our marketing and gross profit growth and top-line growth are all tuned in. which is a good sign that our company is tuned in. funny we have like competitors who they grow 35% but they spend 88% more on marketing. we keep everything tight. i do, we're investing a lot in technology, both on the back, supply chain side as well as some, some, almost venture capital investments and things to do with the krypto revolution that we actually made a filing with the sec on friday.

i really can't talk about but it's, other than it has to do with issuing krypto security at some point. that is taken, there is a big thing about financial tech and silicon valley moving into financial tech. we're at forefront of some of that move. liz: good. >> so. liz: patrick, you know we go way back. so i know you. we've been through thick and thin. >> look at my face. liz: did you go 12 rounds with mayweather or something? >> i feel like it. i just came back from big mountain extreme skiing in alaska at aleska. over the weekend, i hamburgerred my face. i'm going, going into the hospital after this, after this interview. so i have, toughed it out long enough to get through the interview. liz: this a guy who has beaten cancer several times. you are the toughest guy out there. amen. absolutely. patrick, thank you so much for

joining us. >> thank you, liz. ashley, great to meet you. ashley: going to the hospital right now? liz: leaving to go to the hospital. never a dull moment with patrick byrne. ashley: tough ceo. liz: that stock is up 39% over past year. it has been a good investment. ashley: certainly has. don't go heli skiing too often. looting and eviolence erupted throughout the neighborhood. >> homeownership at lowest level in 25 years. will it get worse before it gets better? >> we're about money here. our panel weighs in with ideas straight ahead. ♪ if you suffer from a dry mouth,

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ashley: the streets of baltimore quieted down after most residents obeyed a 10:00 p.m. cure few enforced by 3,000

police and national guardsmen. officers arrested less than a dozen people compared to 200 monday after looting and arson was around the city. after school sports also taking place. the orioles, they just beat the chicago white sox 8-2 after the game was postponed on monday. by the way major league baseball's first game ever without any fans inside of the stadium. liz: yea that the orioles won. ashley: they won, yeah. liz: today our panel is talking ben bernanke who is headed to pimco. can he save a ship that is listing a bit? twitter disappoints with investors with results. is there a better way to play social media? hulu making biggest program acquisition. homeownership rate, this is alarming, to the lowest level in 25 years. will it get worse before it gets better? how can you make money? is there a better trade?

we have rob frost, and price future's groupie flynn. -- phil flynn. this is amazing, guys is this how it should be? that housing a, not a given but a privilege? rob, begin with you? >> you're exactly right, the numbers were alarming. i think it will get a lot worse before it gets better. on the surface, numbers look okay. the problem, home renership is up substantially. when you find rentership way up, puts homeownership down. i think it will get worse. look to the future what do you have? lending standards extremely tight. that is not probably going to get any better anytime soon. in addition you have rising interest rates at some point in the future. you couple those all together, really difficult for middle class and lower class to become homeowners? liz: is there a trade, rob, if

you like? >> i think sector we really like right now is timber. i think if the housing market does get better, timber is certainly a sector that should benefit from that. liz: jeff what is your play, with information we have that homeownership is very low at this point? >> i agree what rob just said. i think it will get worse before it gets better. we have historically low interest rates but the problem is people getting jobs are somewhat underemployed and can't save for first time down payment of the house. the play i like is blackstone. they wering a agressive during the housing crisis. they picked up 50,000 units across the country. they have renters in there. the great thing they're generating rental income and getting historical on those renters, one, two, three years as they own the houses. if they eventually sell them a great play to sell people currently in the houses. blackstone is my play. liz: jeff makes a great point, phil. investment group, phil will come

back in a bit. investments group, right, jeff, that had coin and credit to be able to purchase and pick up these things. in a way, i pick up that play. they had to rehab some of these, didn't they, jeff? >> rehab them. continuously monitor them. building a unique one-on-one relationship. because they know ultimately they want to exit the property. that borrower getting more and more attached to property. as they rehab them, move in properties, built-in buyer and exit strati about. i love the concept. liz: pennies on dollar. >> love that. liz: move on to the man who inherited housing collapse. it was the hot potato in ben bernanke's lap. he is moving to where big bucks are made. can ben bernanke's brain and financial world braun with pimco as he become as senior advisor at the firm? what do you think? his expertise very academic.

does it translate to pimco? >> we hope so. on the surface i'm not necessarily sure pimco needs savings. pimco still manages almost $1.6 trillion. so they're still a big horse but i do think they need ben bernanke. i mean, going forward, we have to unwind this huge debt. now, in the, since 2008, our debt has gone from 10 trillion, to over $18.5 trillion. they have to unwind that. they have been at 0% interest rates for six years they have to unwind that also. interest rates have nowhere else to go but up. pimco need him for investor confidence but i think they could learn from him what is behind the fed's thinking? what was he thinking when he was there? what were his thoughts how to unwind this? what is the fed thinking now. liz: those are great points, jeff. in the end a lot of our viewers have pimco funds in their

portfolio. should they feel more confident ben bernanke is there, less even? >> i think a little bit more. to rob's point, look they have 1.6 trillion under management but they did lose 125 billion, a little bet less than 10% since bill gross left they are suffering from some competence factors. ben bernanke can bring unique perspective when it comes to the housing market crash. pimco and other investors there are shortage of bonds being created in marketplace especially for housing market products. they buy home loans and home securities he knows better than anybody what went wrong and advise how to do it right. liz: good point. >> instill a lot of confidence with the bonds in the market. >> hey, liz. liz: go ahead quickly. >> they always brought on big names. they had greenspan before him. they are willing to bring in big names to bring in their profile. certainly bringing on big ben was a big land for them. liz: thumbs up there. still ahead with our panel, twitter tumbles after a weak

report. which social media stock out there could stablize your portfolio? stay tuned. ashley? >> liz, pandora looking to charm its way into your heart with a new campaign to move beyond bracelets. we'll speak to the company's president ahead. from golden charms to the golden arches, mcdonald's making big changes to the menu in an effort to turn around those slumping sales. we have details ahead. you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement, we'll replace the full value of your car. see car insurance in a whole new light. liberty mutual insurance.

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liz: twitter taking a pretty big hit after posting weaker-than-expected revenues yesterday. in a very muddled release the company also said that investor should, quote, reduce expectations for the remainder of the year? is there a better social media play? might not be as sexy and as talked about less volatile for the portfolio. bring back our panel. phil flynn, watching as trader, that early release is the not story. the story is that they disappointed on revenues that just a month earlier they had said, hey we'll be just fine. >> right. and it shows you the lack of management, what is going on behind the scenes. maybe really showing a pullback from the advertising sector in that sector. everybody has been moving towards mobile, towards digital, that type of situation. obviously they're missing something big here. they have that big of a miss with no early warning except for warning release ten minutes before you're supposed to is not

supposed to happen. liz: what do you think? >> you have to go with facebook. they led the crowd, they created the space with all their problems they still think they're the best one on the street. go with the big name in uncertain times. liz: jeff, twitter, or somewhere else? >> for me it is diversification. with social media changing way we digest information i have a diversified portfolio. twitter afry with, instagram, facebook, snapchat. you need to be diversified. the advertising dollars are so many out there. liz: there are etfs, rob, that focus only on social media. do you go that route? >> you could. that is one sector. echo jeff's words, die veryification, diversification, diversification. even with twitter's biggs drop they're still up 44%. this stock has had great performance for their investors. liz: let's hope they don't have their nest egg in twitter. that is scary.

hulu making biggest programing acquisitions, striking a pricey deal for reruns of "seinfeld." $700,000 per episode? what does it mean for hulu, which consortium of networks put their whole money together and power including fox, jeff? >> i really like it. ad advertising model versus netflix subscription. now that millenials and everybody has chance to binge watch, "seinfeld" an iconic series. smart investment. it will pay off over time. i like the play. liz: phil, is it a little dated? >> no. "seinfeld" is classic. i lived through it in the '90s. but you know, right now we're still using some tag lines. yada-yada yada. no "seinfeld" for you, none of this. i don't watch it anymore because i'm glad it is off crack kill. the commercials in crack kill drive me nuts. turn up volume 10 times. this is food investment.

people who haven't seen the series will relive it and love it. hearing the same type of lines we were hearing in the '90s. liz: rob what do you think? hulu has money behind it to spend that much, 700,000 per episode. amazing. >> yeah. show about nothing i guess was show about hulu. i'm excited for them. the hard part get older generation to move away from conventional tv where they say watch it on tbs and watch it online. younger generation where they want to watch it, streaming video. hats off to hulu. i'm excited for them. liz: telling you right now, tween generation, early tweens are watching "grey's anatomy" reruns. mcdreamy is still hot. don't tell me what happens to dr. mcdreamy. so lovely to see you. thank you so much. >> thank you, liz. >> don't tell me either. pandora, charming women for years with its bracelets. they want to sell you more than

just charms. we'll talk to the company's president, about the new collection, big growth and ipo. we'll get into that. plus for football fans it is one of the most important weeks of the year, draft week. first time in 51 years it will be held in chicago. coming up jeff flock will run a sweep, maybe quarterback sneak but will take us to the heart of the action next. ♪

>> i'm peter barnes in washington. at 4:00 p.m. today the fed tested a new system for hosting a public teleconference call with news reporters if it needs to do that if it make as major policy decision at a meeting without a press conference. this would basically be an audio press conference streamed live on the fed's, on the fed's website. there are eight fed policy meet as year. only four have news conferences with chair janet yellen afterward. two of the four without news conference this year will be july and october. you could read into this if the fed does not raise interest rates at next meeting in june but economy gains strength after that, that the fed could start raising rates at its july meeting. if not in september, at it is

october meeting. hence the need for this new system. a fed official said quote, to be clear this test is not signaling any planned future fomc policy action. it is simply a test of our technical capabilities. liz and ashley. liz: the fed has become a lot more transparent. ashley: they have, new technology. all right, pandora jewelry goes beyond charms with launch of new campaign which is out just in time for mother's day. liz: perfect timing. scott berger, pandora president of the americas. it made its name with add-on charm bracelets. we have some here which is the mother's day collection which is absolutely gorgeous. you go with the new title, art of you. what will we infer from that? >> art of you is really about the fact that we believe jewelry has gone beyond adorning women. it is important part how express

their individuality. it is about the pandora brand being in a great position to partner with women around the country. to express their, the individuality who they are and what makes them unique. liz: i'm wearing one of your rings. >> it is beautiful. liz: then, thank you, follow over to the next last year -- necklace here which is camellia. i look at concept of the add-on. seems like almost sort of instant revenue. how do you pet more people to jump on the pandora bandwagon? >> charms and bracelets you mentioned is big part of business for a long time. we started to emphasize the ring category. and, we were very pleased with success we had in 2014. if you look at charms and bracelets it is about 85% of our revenue. only 20% of the consumer spend. so, there is a lot of opportunity for to us reach beyond our core categories and

capture other buying. ashley: with that in mind your company is based in denmark. of course the united states is your largest market. you teamed up with disney, didn't you, recently? how has that panned out for you? where are other growth possibilities in the u.s. market for you do you think? >> we launched disney collection in q4 last year. it was well-received by consumers. put out a bit more product during the spring so it is available for mother's day. ashley: you can buy these at disney parks, is that right? >> you can buy them in disney parks or any pandora store. liz: here is what is interesting. pandora was ahead of so-called generation c or generation customized trend, wasn't isn't they don't have to sit there too choose from 10 choices. they can actually craft their own jewelry through you? >> what is amazing a similar piece can mean something different to different people. i think that is what makes it such a unique concept. and as i like to talk about the

bracelet, it's a once in a lifetime product phenomenon. it redefined an industry. and you know, that is why we've been able to have success we've had. people keep on coming back for more. liz: how much is an average charm? >> an average charm costs about $50. ashley: you have 85% share of the bracelet and charles market. >> not 85% share. 85% of our revenue is in charms and bracelets from that particular category. ashley: that is pretty impressive. hard to go higher than that right? >> right. >> hard to go higher than mother's day per he can tech gift. >> thanks for having me. liz: scott berger, pandora president of the americas. >> thank you. liz: thank you. the annual nfl draft is headed to chicago for the first time since the 1960s. it is absolutely huge story. but the pack yo, may weather

story may dwarf some of that news. may weather speaking. >> for giving us a wonderful day, beautiful day for us. i want to thank you for all the sponsors and promoters. floyd mayweather promotion. top rank promotion and to all the sponsors, and help this fight a lot. hbo, showtime. they're helping a lot for this fight. and i want to thank specifically hbo for helping me since, when i fought here in america, i always remember that my first fight in america here at mgm against lilo, june 23, 2001. undercard with oscar della hoya.

that was a long time ago. since then it has been, helping a lot to my career. thank you to all media and fans, the press and media. being there always, you know, every fight i had promoting fight. everybody i have. successes and achievement in boxing, not only for us alone, but including you guys, who are part of being success and, accomplish what we accomplish in boxing. thank you. i would like to invite everyone to witness this saturday, good fight between mayweather and pacquiao. it will be a good fight. and there is a lot of questions

in your minds that only god can answer on saturday. and you know, i just want to, to let you know that everything that i have accomplished is god who gave me the strength. you know, i just, i just want to be an example and inspiration to everybody how my life before, before i became a boxer, i used sleep in the streets, you know, starving, hungry, and now i can't imagine the lord raised me in this position and blessed me with these blessings i can not imagine, that the boy, don't have food or sleep, and sleeping in the streets, that he raised me with this life. i want to share to everyone, and this fight on saturday, what our goal is to, to give the fans

enjoyment and satisfaction of our performance and entertain you guys, that you will be happy on saturday. both of us, floyd and i, we work hard. have been working hard to, to entertain you on saturday, to give a good fight on saturday but the most important thing, you know, i'm hoping that, nothing personal but we're just doing our job, we're doing our best on saturday, i believe he will do his best and on saturday and i'm going to do my best on saturday to put our name in boxing history. but the most important thing, i'm hoping that after the fight, we have, can have conversation with floyd, you know, sharing my faith about god, you know, nothing bad about that, you know sharing my faith about god, how we need to believe that we can inspire more people, specifically those children that

are looking for us. so, you know, supporting us. so thank you. i hope this fight is going to be not only to entertain people but give inspiration to all the people around the world. and, there is god, there is a god, that took somebody from nothing into something and jesus is the name of the lord. ladies and gentlemen, thanks so much. god bless. [applause] liz: okay, now there is mayweather. not yet. we are waiting. ashley: he is being introduced. liz: he sus just being introduced. shows you what i know about boxing. take a break for a second. first time since 1964, the year the cleveland browns actually won the super bowl, yeah, the nfl draft is being held in the windy city. ashley: you love cleveland,

don't you? chicago's grant park dedicated one million square feet to free interactive football festival. jeff flock joins us. jeff? >> so cool, they even put my name on a jersey. maybe that is al shown jeffrey. anyway. look at this place. this is an extravaganza, draft town. chicago is draft town. this will be interactive exhibit. look at it right here. just being set up right now. it will be free to people. the nfl has never done this before, brought people in for the draft in such a big way. such a departure from 1964, the last time the draft was here. i'm not sure what this is all about, to be very honest with you. it appears to be under construction, whatever, in draft town. 1964, there were just six reporters, count them, six reporters covering the draft. this year an audience is expected on tv, day one,

tomorrow, of over 10 million people. all kinds of exhibits, showing you how they make footballs. showing you how they do pretty much everything related to football. pretty amazing. look what they built here. this is a giant structure out here along chicago's lakefront, almost over a million square feet. will be quite a spectacle, guys. liz: thank you very much. i'm not quite sure what that is. topps is there, and everybody else. great stuff. go browns. ashley: go browns. >> browns. right. liz: thanks, jeff. get ready for weekend with warren, as with warren buffett. i and team fox business are heading out to warren buffett's annual shareholder meeting in omaha, nebraska. it starts friday. i will talk planes, trains, automobile. we have matt rozelle. matt rose, bsnf. executive chair and jeff reichert, ceo of berkshire

hathaway automotive. she went from paper delivery girl to supermodel. super mogul, kathy ireland, ceo of kathy ireland worldwide. furnishings and rugs. joins us exclusively on fox business to talk about how she went from the run way to the boardroom. that woman has built a $2 billion brand. ashley: wow. liz: about our weekend long coverage coming up on fox business friday. all weekend long. don't miss my exclusive interviews. we cap it all off, ashley, with 8:00 p.m. eastern special prime time monday. ashley: fantastic. very impressive indeed. liz: she -- ashley: all the reasons -- she can throw a newspaper. she has a good arm what you're saying. we're reading news coming down on the apple watch, much anticipated of course rollout of the apple watch. supplies are crimped after testing found problems with chinese-made component that create as gentle capping

sensation. key component by one of two suppliers found to be defective. this not news apple would want. a tap tick engine. keeping score at home. designed by apple to produce sensation being tapped on wrist. liz: that is intraday. in the after-market we show we're down a couple of percentage points. the last trade was $128.64. the bid now, 127.30. there it is the ask, 127.4. this news does not help any situation. this is a key rollout of apple watch. two suppliers, ashly, found to be defective. ashley: began mass production in february. started doing reliability testing and these tap tick engines supplied by one of these companies started to break down over time. apple apparently has scrapped some of these completed watches as a result of these failing tests. that is a big setback for the apple watch. liz: we've actually had analysts

come on weeks and weeks ago, said don't buy first iteration of this thing precisely because of that. ashley: they say for many tech products. >> thanks so much for joining us. ashley: "the willis report" is next. have a great afternoon, everyone. >> hello, everybody i'm gerri willis and this is "the willis report," the show where consumers are our business. we continue to follow the money trail as the clinton foundation. did hillary fail to disclose more than a thousand donations from foreign contributors? we'll investigate the troubling new allegations. baltimore eerily quiet overnight as business owners begin to assess damage from days of violence. one store owner tells us his story. it has been found guilty in the court of public opinion. now the justice department looking at lumber liquidators. we'll have details on possible criminal charges. marginal economic growth so far this year. that is