hi, everyone. welcome to "on the money." new yeses for the market. what the fed said and how unrest in iraq affects your money. am zan's new phone. will it set the global market on fire? and the one thing it does really well. it's showtime at the apollo. how an iconic brand re-invents themselves. >> what's it like being out on the stage? >> you never know. and can you trust online review sites? how to make sure you don't get fooled when you make a restaurant reservation. "on the money" starts right now. here's a look at what's making news as we head into a new week on the money.

the fed speaks. the markets smiles and what are all these wore ares about inflation. after the fed's two darn day meeting janet yellin held a news conference and said in spite of a recent jump in consumer prices she's not concerned about inflation and in the statement the fed said it will continue to reduce its monthly bond purchases by $10e billion and keep interest rates low until the year 2015. the markets like had with they heard and the s&p hitting a new record on wednesday and the dow rising in triple digits and hitting a high day by friday. a bit of earnings news. federalist and blackberry had hey smaller loss than expected and oracle fell short. mortgage rates fell and the average 30-year fixed rate was 4.17%, near historic lows. but about a quarter of a point higher than this time last career. and druchl roll please. the world's busiest airport for international travel is -- it's not london. it's not hong kong. it's dubai.

more than 67 million passengers passed through the airport within eight hours of 123450iing did answer is of two-thirds of the world's population. iraq oil prices and the fed don't seem to bother the market. are there bumped in the road ahead. we have the founder and ceo of divine capital. thanks for being here. we're watching the market sitting at new highs it seems like every day. it's almost a melt-up situation. i wonder, why do you think this is happening? do you think it can continue? >> i think it can continue and the reason it's happening is because there's nowhere else to go, becky. there's nowhere else that you can get the kind of returns that you can in the u.s. stock market. unfortunately, it's becoming a problem. inc. i think that with the fed coming in and talking about slashing growth rates to the u.s. this year and at the similar time, dialing back their agenda with respect to bond buying and another $10 billion for the month which got a lot of mixed messages out there. i think the real trick is going to be in cutting that umbilical

cord with theed if safety net. when it happens it will happen fairly soon within maybe, the next 18 months or so. >> and i was surprised this week that the fed didn't take more of an opportunity to, at least, acknowledge the inflation that we've seen. cpi, the consumer price inflation was really hot this week. they brushed all of that offnd the market will look at that at goal dgoldie locks. is that the right way for people to look at this? >> no but they got mixed messages with the producer price index. prices on things like coffee were dialed back a little bit. it's been very, very choppy. the fed is in a tricky position. no matter what they say, they could overreact the market in one way or the other and unfortunately it's been going in such a madison square garden that when they do finally have to take action, and raise rates or talk about raising rates or even say a word the wrong way then the markets are going to be -- >> what's aa lot of analysts

i've spoken to -- there was an opportunity for the feds to, maybe, put in a little bit of concern a little bit of caution. they didn't take that chance and as a result, when they do have to say, hey, we're raising rates it's going to come as a serious shock and surprise. do you worry about that? >> of course. i worry about it a lot. i'm a mom, too. and a consumer. there's a lot of things they worry about and a business owner, as well. i think that that kind of trepidation is what people who are investing in the market and maybe staying close to the vest right now are thinking about. the fact is, the risk has been to not be in the market. if you're not in the market you're taking the greatest risk of all. >> we've seen individual investors coming back last year with 30% gains in the market it's hard for people to continue to ignore that. do you would youry the people who are getting in now are coming in at the top? is this a sign? people are looking at stocks. hitting new highs? is that a sign at the top or

should we not be concerned yet? >> we hear a lot of chicken littles talking about the sky is going to fall but we know it happens eventually. i think you really have to think about the long game. when you're investing, you're investing for 20, 30, 50 years. to bring that wealth to your children to your family so i think that looking at those as opportunities, which is hard to do when you're in the middle, but if we had a hindsight view of what happened in 2008 and 2009, and took advantage like some giants investors like mr. before buffett did, think of where we would be. look at it more like an opportunity since 2008 and 2009. >> what were you telling individual investors right now? >> we're invested in the market and we've got a little cash on the side to take advantage of this. we know they're going to happen eventually and we're looking at what we think there's going to be reel laerm growth. you think baby-boomers are aging and that means health care. that sector will be hot for many

years to come. energy as well. that's always going to be a giant concern. these are global issues. >> you think the downturns, the blips will come from the fed or other central banks? or more likely to come from geopolitical tensions like what we're seeing in iraq. it's anybody's guess, becky. kbring that both of those things, we're watching both of those things playing out. >> been amazed that iraq hasn't had mover more of an impact. >> you don't. but what you see right now because oil is right now at around the $125 a barrel level, the risk is that that could dramatically increase pricing in the summertime expansion. people traveling on air. all of those oil, gas, jet fuel, they've all been extending dramatically, those prices. then again, you have the interest rate risk and you see gold rise to so you see the big rise in gold this past week. >> thank you for coming in.

>> thank you, becky. >> up next, we're on the money. will amazon catch fire in the already heated smartphone-wars? the tech giants's latest innovation is it primed for success? later, motown was sung from this iconic stage. can the apollo theater, which discovered ella fitzgerald and stevie wonder ands, can it find a break in the lucky age of digital musicic? and see how the stock market ended the week.

can we build a better phone? for amazon prime numbers? well, i'm excited to tell you that the answer is -- yes. amazon ceo's had a little showmanship announcing the july release of the fire phone. the newest offering from the world's largest online retailer. will it catch on with consumers?

we have the coexecutive editor. walt, great to see you and thanks for joining us. >> great, always, so see you, becky. >> so what do you think? does amazon fire. is this a product thinks a risk? is this a home run? you are the man that knows about these things. i'll take your word. >> well, you know, i've had a number of conversations with folks at amazon. i have a caveat which is that i have not gotten the phone to put through the paces and live with it for a while and do an in-depth review. that will come closer to the ship date next month. yank they ha i think they have a chance. there's sort of a -- the conventional wisdom is they will only build a piece of hardware strictly to get you to buy stuff on amazon. and certainly, certainly, this phone has features that are

totally aimed at that. and it's, you know, they don't deny it. but this is not an inexpensive, cheap, me-too phone. they put several years of serious engineering efforts and in talking to them and looking at the product, i have to say they are serious about the phone in and of itself. sure, they want you to shop on but they think there's a possibility that they can become one of the big smartphone makes. >>ist skeptical when i first heard about the whole idea of using it to shop online. i thought, who's ever going to buy a phone for that? i was impressed when i saw the features like streaming music, unlimited photo storage. the 3-d screen or almost 24r50e descreen. i was impressed with those things and then i read i piece whiching the economics saying they 245u9 amazon should have gone against a lower-end phone

to try to get people to azwrau more into amazon. what do you think was the right economic scale? the high end or the low phone. now they're competing with the iphone head-on. >> i think it depends on what you imagine their goal is. if their goal is strictly just to get more people shopping on their stores, then they would have gone from the low end. they might have lost money on it as jaef baso said in the past, they have comparably lost money on some of their hard work. certainly made very little. this is, i think, one of the clues that they're serious about smartphones. premium smartphones. and the building in features that make it easier for you to buy stuff from amazon. whether it's, you know, diapers or digital tv shows. that's part of it. the other part of it is they'll really kind of think there could be a moment here been seven years after the iphone came out. where a different way of navigating the phone. and a bunch of other features

and access to they're huge catalog and the whole prime program. may combine to give them a shot at muscling into what is really a do y did y duopoly. that's a lot of what this is. it's true with all these tech products. people put out a bunch of speculation and then when the thing happens with apple and it happens with google and when the product is different from what they speculated, they say, oh, know one is going to buy it. >> and they didn't do what i thought. you're right. >> they didn't do what i thought. >> if you start at the low end, it's very hard to go up to the high end. if you start at the high end it's not hard to bring out sort of lower-end versions of the thing. they are a very long view company. a lot of patience and a lot of tenacity. >> you are the man on this and

i'll listen to your opinion. i'll talk to you again after you've had a chance to run the phone through its paces. thanks for joining us today. i appreciate it. >> take care. up next, we're "on the money." for decades the apollo theater hit all the right notes but it was off-key when it came to dollars and cents. now with new leadership and new programming, can this venue outper perfo

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apollo theater celebrating 80 years of its musical legacy where stars are born and legends are made. those are thelikes of the late michael jackson, james brown and ella fitzgerald. today the theater is no longer a cultural phenomenon it was was but can this venue reclaim the cultural stage it once dominated? >> james brown. >> gregory hines. >> stevie wonder. >> what to all of these stars have in common? >> showtime at the apollo. >> the me curse to talent shows like "star search" and "american idol" turned 80. they launched stars in music, dance and comedy and catapulted this 1500-skeet theater to the height of american pop culture. i get boos guns sitting here. what do you think america thinks of when they hear the words apollo theater. >> it's something that i think means the launch of the careers of pretty much, everybody who

was anybody in showbiz. ella fitzgerald, louis arm trong. duke ellington quarterback the jackson brothers. that's what they were called. is it true, that luther van dros was booed here on stage? >> he was booed. when you come on the stage, you know, one of our tag lines is, be good or be gone. >> i think if someone said, wayne, we want you to participate in the amateur night, just as an amateur to do it, i think that i would be scared, out of my whits to actually do it. >> for many hopefuls, if you could make it here you could make it anywhere but getting your bik big break couldn't happen without rubbing this stump first, a stwr days that goes back as far as amateur night. >> 2 tree of hope is a tree that stood outside the theater. the folklore is that performers stood here wondering whether they were going to get work that night. you got to rub it. rub it and so they all rub itnd it brings good luck. >> after a decade of success,

the bright lights of the apollo began to fade. the civil rights movement came into integration and large arenas got popularity. this spelled trouble for this business model. >> a lot of the musical acts we depended on no longer needed to be here and have the desire to be here and it was a lot of competition. so the theater basically, became black. it fell on hard times and went into bankruptcy. >> in 1991, the state of new york, acquired the apollo theater and converted it for a not for profit organization. this didn't solve its money woes as the theater no longer claimed the same clout it once had. >> anything musical transports you and takes you to another place. >> still, how is the apollo celebrating its 80th anniversary? >> noermer city and time warner chairman, dick parsons played a large role in evooh reviving th

theater. it has a multimillion dollar restoration and an annual operating budget of $13 million. >> you're an exsmert at rebranding and corporate turn-arounds. how far along do you think the apollo is at this point? >> what we have to do is created a new future but that's a worg in process but i think we're more than halfway there. >> how did you bring those people on to the board? >> we asked them to join and virtually, everybody i asked to join the board said, yes. it was amazing. >> wow! so if getting all these guys to join the board was the easy part what's been the most challenging issue you face since you've done this this. >> tough to raise money in this environment. the process of rebranding and saying, we have something new and different to offer. >> aiming to re-establish itself as the leading music venue the apollo theater has introduced a slate of new programming and daws over 100,000 people to its

performances each year. >> no longer a concert venue be really, a performing art's veng you and a global venue. and that's what i see us when i think of the future. for example, we premiered something called "get on the good foot." a celebration of james brown in dance in the fall. music cafe, an opportunity for young artists who were working outside of the mainstream, to perform. >> what do you do in a place like the apollo theater turns 80? >> normally we induct a legendary artist into the hall of fame but this year since the apolling lo is turning 80, we thought we should celebrate the apollo, so artists are actually coming back to play tribute to the apollo. and its history and its impact on american popular culture and music. >> sit really something special

to be here for the 80th anniversary in. >> absolutely. it's lasting. whatever they us we applied to the theater because we're still here and they're still here. >> it's one of those talented that should be in the apollo. >> our thanks to the apollo dick parsons. for more, and inside into highway gladys nigknight and th pips. >> on the money, a look at the news for the week ahead. and when following the advice from the online review sights can help and when it can hurt. weighing wisdom with the crowd.

. welcome back we're on twitter. we hope you'll follow us. hath on the money is our handle. beginning earnings reports from carnival, walgreens and nike. on monday, the wimbledon tennis tournament starts and tuesday, the home price index is down telling usth the state of the housing market in 20 cities across the united states. and on wednesday, the first quarter gross domestic product and yahoo! shersz will gather in california for their annual meeting. thursday, adventure camera company, set to start trading on the nasdaq. if you're booking a last minute summer get-away buying a new grill or finding the best youtd door cafe in your neighborhood you paycheck your smartphone or

laptop to read some reviews. how do you know if that information is reliable? sharon has done some digging and is here with her own review. how do you know that an online site is trustworthy? >> most people assume it is. i guess, because 8 of 10 people are relying just as much on an online review as a personal recommend, these days. and many of them are going with those positive reviews saying if they see one they'll buy the product. there's lots of folks 245 believe they're trustworthy and one -- we went to look at a company called marriage research and at the top of their list was trirp adviser. i don't know if you you've ever used that. and edmonds.com trying to buy a new car. a number of open table as well for restaurants on that list of the top five. a number of restaurants there. but just because they're on that most trusted list doesn't mean that they haven't had complaints about them or necessarily, even

in some cases, some lawsuits. >> i've had companies, business owners, small business owners complain to me saying the bad reviews on my site, they're from my competitors. they put them up to make me look worse in the eyes of the public. >> that's why you need to check out these reviews. see if you can find out if they have written other reviews or -- >> check on the american 24 posted a real review? >> a good review or whatever. >> also, if they're one-time reviews you may want to be weary. see if they have a track record. and also, make sure that you look at at least a dozen or so reviews. trip adviser say most of their customers do that. not just on one site. you should look at a dozen reviews. be weary of similar wording. they cut and paste. they may be a paid blogger putting up a review on these sites. and anything that's overly positive or negative, just discount those. >> what do you think if you spot

a fake? >> you need to try to see what you can do in terms of checking out the reviewer. verify in they purchase the product. like on amazon.com, you know the person bought the book or the braukt with if you figure that out that's one step. go to the third party like the better business bureau a consumer reports in terms of looking at the online review sight and if you think you saw a fake go to the federal trade commission and report it. >> 245i7k you, shairon. >> and that's the show for today. thank you so much for joining me. each week, keep it right here. we're "on the money." i'll see you next weekend.

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renewable sugarcane to fuel cars. let's broaden the world's energy mix, let's go. >> gwynneth and chris consciously uncouple. clany engaged. brad red carpet attack and kim kanye multi-million dollar wedding. and all of this is just in the first-of 2014. hi everybody i'm shaun robinson. welcome to "access hollywood". our special mid year round up. we start with biggest scandal of the year so far and for that we good to billy. >> shaun thanks. the year is only halfway through and already we have a fair share of scandals joining me writ now. brian and megan dj what's up girl. >> thank you. >> dj that is your