charlie gasparino will tell you.ne to. ♪ ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ >> i and dennis neil with your fox business briefs predicted -- disappointing jobs report today sparking a sell-off is down 92 points. it has been worst faa is delaying plans to close 149 federal contract air traffic towers until june 15th. last month it said it would start phasing out the towers starting sunday as part of the required budget cuts of $637 million of sequestration and. and consumer borrowing rose with a jump of student loans and auto loans the fed says consumer credit declined to the 2.$8 trillion of outstanding debt. but it offers a

we go to charlie gasparino working the phones on this, what do you know? lie: the markets are clearly pricing in terrorism. charlie brady just told me there is a slight of quality, yield to the treasury are going lower. i will say this, we don't know exactly what this is. but if you factor in some of the things that occurred, two explosions right by the finish line, we should also point out the pressroom covering this, boston marathon is locked down, so we're not getting a lot of fresh information, but it looks and smells like as the market is pricing in. the ceo said why are you companies slow to hire now? why are you hoarding so much cash? one of the things he rattled off with the notion of terrorism could come at any time in the new world we're living in and has a visit to pac two business, economic impact. i can tell you, the market is pricing in the worst and guys like jeff hamilton now there's any impact on the market and the business and society at large are now post-9/11 is a new fear. this is part of that. you know why they are hoarding so much cas

charlie gasparino after the break.in honor of budget day, we asked if it was one thing that you simply cannot bring yourself to cut out of the personal budget. check out your responses as we head to break. my mantra? trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may bece pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems brea

charlie gasparino in our newsroom with the latest. what have you got?ot call them fat cats at least. i hear this is a pretty cordial meeting, but kind of a take away here is what president obama said about the economy. according to people in the meetings that ingredients are in place for robust economic recovery. the bankers agree, this is interesting because the bankers have been critical of president obama's fiscal policy, but described as friendly and constructive, but the takeaways of president believes everything is in place basically for this economy to take off and the bankers agree. from what i understand this will be touched in private meetings with white house aides and some of the bankers. the third rail is how to get what is right now one of the slowest recoveries ever following a major economic crisis, how to get that slow recovery into where the president thinks it should be given everything in place, the banking system is essentially fixed, corporate profits are strong, corporate debt is down, individual debt is down, those are the ingred

liz: charlie gasparino was reporting that he heard from police sources in new york that the bombs were possibly packed with ball bearings? what does that sound like to you? is that standard classic bomb-making? is that something in the same profile of a certain type of terrorist? >> well, you know unfortunately we've seen people put all types of items inside of explosive device. >> nails, glass. >> nails, glass. when i was with the fbi investigated a bombing here. small propane tanks that had a lot of shrapnel that could be thrown out to further hurt individuals. if that is true, at this point touring the investigation, in early hours of a the incident, you don't know exactly what's being reported, if that is accurate. but it wouldn't be surprising if someone was going to concoct a device to kill people and hurt people severely, they would put something into the device which further spread out and hurt those people. adam: you have what we're seeing in the video. you have the first plume of smoke, 10 seconds later 100 yards down the street you have a second explosion, it sure looks like

melissa: charlie gasparino? no? >> guy got caught would be huge.s if your goal is making money. >> well. melissa: charlie gasparino. thanks so much. great stuff. lori: let's check out the dow soaring. we're up at session highs, 89 points. 14,702. the taxman looking to friend you on facebook and may even be reading your tweets. we'll explain ahead. >> fighting for the right to party. the new push to keep california clubs open into the early morning hours. ♪ are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. with fidelity's new opons platform, we've complely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are ch

charlie gasparino, good stuff, thank you. lori: all that said.pdate you on the markets as we do every 15 minutes. doreen mogavero is on the floor of the new york stock exchange. i'm not sure if you listened to the conversation with charlie gasparino and breakdown in gold and perhaps the stock selloff is perhaps a vote of no confidence on the federal reserve and monetary policy? your thoughts? >> i'm not sure that is exactly what is happening here. i'm hearing a lot of things in the gold market things like margin calls and stops and forcing the price down more than if it were just people selling it because they didn't like it. it is more of a forced selling situation it is than people turning their opinions. but i do think that the stock market although this morn it held up pretty well seems to be selling off more and more in the afternoon. i'm not convinced that this is not a buying opportunity. the market, the american stock market is the only place to you put your money still regardless what is going on in gold. a lot of traders i'm talking to

charlie gasparino is going to give us his reaction about what brian shaw's lawyer just said in the latestthe trading case you just receive a whole bunch of new information on this, charlie has the spin. stay tuned. at tyco integrated security, we consider ourselves business optimizers. how? by building custom security solutions that integrate video, access control, fire and intrusion protection. all backed up with world-class monitoring centers, thousands of qualified technicians, and a personal passion to help protect your business. when your business is optimized like that, there's no stopping you. we are tyco integrated security. and we are sharper. ♪ liz: concert tickets, meals, cash in envelopes and parking lots outside true value in the valley. this is what has become a huge insider-trading scandal involving one of the biggest accounting firms. an encino jeweler who is on the hard luck. and naturally, charlie gasparino gesture from the attorneys said there is still no deal although they are hoping. >> reporter: what happened here is fascinating. fun to hear this. as i -- as you know

fit charlie gasparino. what is next? tax twinkies? >> all the states, new york included.y has socialized medicine. the reason that new york city has the same issues with mayor bloomberg put the tax on big gulps or whatever, i don't drink them, so i don't know the exact terminology. you know what they are, right? >> you drink the harder stuff. you don't know what is taxed or. no >> same thing in california. the banks took bail-out money. we don't want obama telling us what to do. you take bail-out money. the government is your master. the same here. if you have socialized medicine, here are the behaviors, we would like yu to do. >> get used to it. >> economically, from a purely economically -- what happens when you start to tax that stuff? you build in the tax revenue in budget. then people use it less. so tax revenues decline. >> you keep taxing them more. you mention cigarettes. >> but cigarette taxes decline. that's the problem. they don't get as much. so it's an economic irrationality that, you know, this works in terms of helping the budget. >> they keep doing it. >>

charlie gasparino has new details. >> blackstone group has $550 million invested in sac.lling the fox business network no decision has been made by blackstone. they're looking at this sort of a day-to-day decision as we ram up to the may 15th redemption date. they have no decision yet. but what is kind of interesting here, they are working closely, from what i understand, people at the big private equity firm run by steve schwartzman, closely monitoring the legal issues surrounding steve cohen and sac capital,. will the firm be charged. will mr. cohen be charged. will any potential people that they brought in, michael steinberg, former sac fund manager, matthew martoma. michael steinberg to be clear is on leave from sac. matthew martoma is a former sac fund manager the both arrested for alleged insider trading violations. will they in turn somehow flip, cooperate with the government to make a case against steve cohen? that is one of the big innings things they're waying weighing now. i can't tell you if they will pull it but they're on the fence. one of the reasons that b

charlie gasparino has scoop on someone with insider information may have been making illegal trades.ting a bunch of names, not just herbalife. and what's the next ipo to make a big splash? check it out as we head to the break. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with tt: you're history. instead of looking behind... delta is loong beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week. ♪ ♪ >> i'm dennis kneale with your fox business brief. it's a sea of green on wall street with the dow and s&p 500 hitting record intraday hi

there have been attacks in new york city and charlie gasparino. charlie what do you have? >> turning to me, adam? adam: yes. >> what is interesting about this, i'm getting this from sources close to the new york city police department, something known for the ripping of steel came down in the city. ray kelley, police commissioner of new york, put the city on high alert. everything, every major installation in the city has been be loed down pretty tight. there is something going on here. this is obviously having impact on security. it is not just here. i'm just sourced here because i'm located here but i'm sure at every major city they're doing the same thing. here is the interesting thing and i'm talking to business leaders about this. i'm talking to security consultants that deal with top business leaders and what they tell me is this. the perception here is what is really scaring them. now obviously, you know, there has been some loss of life. god forbid any loss of life is horrible. it is loss of life is not on magnitude of what happened during 9/11 but the perception t

melissa: charlie gasparino, thanks so much. >> okay. lori: thanks, charlie.llowing up on breaking news on the stock market. john corpina, joins us from the floor of the new york stock exchange. john, give us your take here. we had word of the ap tweeting something that turned out to be bogus an attack on the white house, right? that sparked a brief but deep selloff and bounceback. what is the word from floor? >> clearly we were watching all the news feeds and everyone is chattering and talking what is going on, when we see something like this your intuition comes into play and your experience comes into play. what we saw something here a news story going around but took us a little while to figure out this was true or not. unfortunately what happens the computers kick in. you get a snowball effect. all computers, bids start to cancel. sell al gore rifles hit big and you see the big swing in the market. as you were saying in the lead-in, what we do down here, market makers do down here this volatility would not happen if we had not such important dependency on

we've also got adam and charlie gasparino. charles payne, what do we make of this? >> the day we have to worry about. everybody has to worry about it. wait for the fog to clear because you will love it when you get the plan out there. we don't need to score any political points the. you can't push a plan through without border security being first and foremost and. to push something through so both sides can say to bloc of voters, we like you would be a huge mistake. >> i hundred percent agree with you the political pandering to the hispanic vote. i have never seen anything so explicit in terms of pandering to an ethnic group. >> company's utility party is whole another issue. i think when you are pandering or not the fact of the matter you s you are delayin what looked like close at hand reform. i don't know if it is good or bad thing. >> may i respectfully ask, what is connection between border security and tsarnaev brothers. they didn't slip through the border. as far as i know none of the terror suspects have come slipped through the mexican border. >> neil: i d

we've also got adam and charlie gasparino. welcome all. charles payne, what are we to make of this? >> the thing we got to worry about, everyone watching the show has to worry about something that's rushed, hand fisted, wait fort fog to clear because you're going to really love it when you get the details kind of plan. we don't need anything to score political points. but you can't push a plan through without border security being first and foremost. i think almost every other day we learn about how awful this obamacare thing is. so just to put something through that both sides can stay to a certain bloc of voters we like you you is a huge mistake. >> ben stein? >> 100% agree with you about the political pandering this to this panic vote. i've never seen anything quite so explicit in my life in terms of pandering to an ethnic group. it's embarrassing on behalf of both parties. i think -- >> i think whether you're pandering or not, the fact is you're delaying what looked like close at hand reform. i don't know if that's a good or bad thing. >> may i respectfully ask why does the conn

charlie gasparino is up next with exclusive new details on those efforts.e on the tweet that rocked the financial word floor. adam: a look at 10 and 30-year treasurys. i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. i'm really gd that girl stayed at home. vo: expedia helps 30 million travelers a month find what they're looking for. one traveler at a time. expedi find yours. >> i'm cheryl casone with your fox business brief. senate confirmation vote of the president's nominee for labor secretary has been delayed. the vote to confirm thomas perez was scheduled for tomorrow but will now be delayed so senators hear testimony a witness in contentious whistle-blower case. tom harkin says he doesn't believe the testimony will be a problem for perez's confirmation. >> shares of buckeye technologies are soaring on news of a buyout. paper products maker georgia pacific is buying the company for 1 1/2 billion dollars that includes debt. >>> wal-mart has dibs on the premier screenings for the next superman movi

melissa: charlie gasparino, thanks very much.we do every 15 minutes let's get you updated. keith bliss on the floor of the new york stock exchange for us. we have the dow down 123 points. we have been whipsawed with the markets last three trading session. wondering what you're seeing with technicals and fundamentals and reports of terror attacks and news we're getting out of boston d.c., and boston for for that matter? are we at an inflection point? >> no, we haven't. market giveth and taketh away. we're getting whip saud and we crossed over a couple key technical levels, 1562 on the s&p if we trade and close below that, certainly looks like we're going to do that, we probably consolidate a little bit here and then move down to 1540 is our next level on the s&p. the price destruction going on in the market doesn't give me a good feeling. i'm very skiddish the about the market moving higher anytime soon in the near term. lori: actually that's what i was getting at. have we seen gains for the year, perhaps if i stated it, i wasn't

lori: charlie gasparino is here with us now. charlie: we have a very good relationship. i want to answer the question the other guy really did not when you ask him what jamie dimon is really worried about. he is worried about higher interest rates. there could be a massive increase. he is really worried about fiscal policy. when he was with president obama yesterday, the one problem that he knows that everybody in the banking business knows, the fundamentals are in place right now for the economy to grow significantly. the question is, i know jamie is worried about that. why didn't you say it to obama? you have sources. you can read behind the lines in that report. among the thinks he is worried about is what is coming out of washington. when you break down what is coming out of washington, you can say what is the republicans fault. i am just talking factually here. they did impose those the cluster. i think a lot of people do not like that. those are some pretty marginal cuts. however, when you look at some totals coming out of washington, democrats are two thirds of th

charlie gasparino with a guest who says now is the time to buy. oh my. charlie?know, i cover a lot of wall street firms. you don't have to work at a big wall street firm to be a damn good trader. neil greenberg, independent trader one we've been talking for a while. i like your perspective on markets. i like it on gold. let's break this down. you know what is happening in boston. the markets are pretty stable. last time there was major terrorist attack markets weren't that stable. break us down the difference from trading perspective. >> thankfully boston was nowhere near the scope of 9/11. no business interruption besides boston. you don't have the country shut down for three or four days. boston is shut down today. like i said, business is getting done. transactions are getting done. doesn't mean the second quarter companies won't blame boston for quarterly misses. >> consumer slowdown? >> of course. >> let's get to gold. this is where i find it fascinating. gold is trading incredibly volatile. volatile on the way down. you're a long-term bull, you holding it a

charlie gasparino with the details. >> have become a little early on it.an and hank greenberg are headed for a massive collision course. it will not occur in court. we should point out that he is the new york state attorney general. he took over after andrew cuomo became governor. it is an elected position. he took over for spencer. spitzer filed the first lawsuit about eight years ago. looking to basically get and kicked off of the board of directors. but casone can't run a public company again. liz: run or set on the board? >> well, both. i'll think he wants that designation. i have been told, but only will he fight this in court that there will be some public battle. what do i mean? i believe based on my conversations we will see in go to congress, go to places that can make life very difficult and demand that congress start hearings on stuff like does the new york state attorney general -- should he have that much power? preempting federal laws. that is one of the big -- liz: you think you will take it that far? >> yes, i do. i mean, you know, have a f

charlie gasparino. had here back then. >> is worth billions now. liz: that's amazing.mike hall, we talked about the bag of money. i wish i had not go with a bag of money. invest in one stock. he has the one for you. stay tuned. ♪ ♪ ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved. emerson. ♪ >> announcer: you never know en, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available toda

charlie gasparino has the story. melissa: we see stocks down about 50 points.asury market flat. we'll be right back. >> i'm dennis kneale with your fox business brief. 352,000 americans filed for first time unemployment benefits in the past week. that is slightly more than economists had expected. some members of the gop including representative bill cassidy, are proposing the ego act. the act would prevent taxpayer funds being spent on painting portraits and members of congress and heads of federal agency. he says spending money on portraits is inappropriate when the national debt is nearly $17 trillion. how about this for a feel-good moment. london marathon organizers hope to raise one00,000 u.s. dollars this sunday for the victims of the boston marathon explosion. organizers will donate two british pounds for every runner that crosses the finish line. more than 35,000 people are expected to finish. that is the latest from fox biz, giving you the power to prosper. lori: major battles erupted between two major law enforcement agencies ininvolved in the insider

. >>> after the herbalife auditor resigns, charlie gasparino is here next.: a huge day for the markets. new all-time intraday highs for the dow and the s&p. we're back on the floor of the new york stock exchange for trader reaction. ♪ my mantra? trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing whi

welcome i am charlie gasparino in -- charles payne in for neil cavuto, business and union leader work with congress to come up with a framework, some republicans are worried that a rushed bill will not work, they are concerned this will turn into a health care debacle. i am sure you remember that washington watchers, and michelle fields and jenna loud en. you know, it seems like everyone on the same page, so-called gang of 8, everyone is making nice, marco rubio expressed something that a lot of us are worried about. push out a bill to appease the public. and finding out unlikely bid. >> you know, i think that democrats and republicans are looking to fast track the bill, marco rube rubio is putting outa stop of. that will provide time for grassroots conservatives to mobilize, and pro amnesty folks to mobilize and call their congressman and demand they vote one way or the other and have protests. they are worried if a congressman has their constituents down their throat calling them, they will vote no. but right now with legislative momentum, someone on the fence is more likely to join

neil: we're told from our own charlie gasparino who was all in that room, he has good sources, they weresident, lovey-dovey with the president, maybe they don't want to be targeted by the president. whatever, but who are we to make of this ongoing message of the president now to tell rich guys, you know, get onboard with my wanting to get more from rich guys. >> he always talks about fair share. i don't think that is fair, these guys work hard. men and women, they bridge jobs, and they bring income, they put -- >> that group is not hiring anyone. >> but they are bringing a lot of times their own money into this risk. >> really? that room? >> they had be able to have the benefits that is capitalism. >> they are using my money and your money, they are not bringing their own money to their bank. neil: i know what you are saying. >> job creators, the business owners what makes 30% fair, why not 40%. neil: he would love to get to 90%. >> right, so. >> the sperm guy would be the least of the worries. here is what i'm worried about the more i hear this talk, and the new taxes coming. not just 6

please, charlie gasparino is not here today. seriously. i have to beat him. follow me.ind him which is totally annoying. he fights with you guys. speaking of trending, last time david was on our show he named to stocks in particular that have both jumps through the roof . shares of pfizer and enrage are both up more than 20%. we have his new stock picks, one of them getting a brand-new ride today. let's bring him in. 680 plus billion in assets under management. i would love to go back. how did you know? agree dividend paying stocks, but everybody says, his old school, a dow component. a boring. here it is 20 percent of, not boring and all since november >> i think this is typical of the nature of this market. if you think of what has happened year today, it has been these defensive categories that have led the way. healthcare is the best performing sector in the market. you would not think that with this bull market, but it looks like people want to be in, but only with 1 foot. so pfizer fits the bill. liz: before we get to david so fully 20% pick over the next couple o

bo dietl joins charlie gasparino next. ♪ . is lame, investors could lose tens of thousands of dollars on their 401(k) to hidden fees. is that what you're looking for, like a hidden fee in your giant mom bag? maybe i have them... oh that's right i don't because i rolled my account over to e-trade where... woah. okay... they don't have hidden fees... hey fern. the junkrawer? why would they... is that my gerbil? you said he moved to a tiny farm. that's it, i'm running away. no, no you can't come! [ male announcer ] e-trade. less for us. more for you. what's the "new" in the new new york?. no, no you can't come! a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your business in the new new yo

liz: executives are telling charlie gasparino how important this issue is right now.t to steve milligan. you're in high-tech. you're in disk drives. the question for a ceo like you, how serious is this, how much capital has to be committed to this kind of thing, fighting cybercrime and this attempt to deny service? >> well from our standpoint one of the things we're interested in doing is working with our customers. security, you're right is absolutely a critical thing. one of the things we do is build encryption technology into our drives so that data becomes more secure if it happens to fall into the wrong hands. david: is the move toward cloud computing which you were doing so much of right now, you're pioneering a lot of that research, is that making it easier for the hackers? >> well, i don't know if i'm an expert in terms of that but i think that one of the things we've got to do, privacy, cybersecurity, all that stuff is critically important. so we have to work very closely with some of these big infrastructure providers, not only in terms of say corporations b

charlie gasparino has much more on this today and tomorrow. so much for joining us. "money" with melissa francis is up next with much more on this and more. switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. @h investment information, risks, fees and expenses for over 75 years people ...with geico... ohhh...sorry!. director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep it together. i'm good. i

liz: charlie gasparino, thank you very much. we are about 25 minutes from the closing bell.3 points, so a decent rally here. we got quite a slew of financial earnings this morning. check out the stocks on the move today, but what is the best way for you to cash in? we'll tell you how you might be able to make big bucks from smaller banks. that's after the break. >>> plus, goldman sachs, one of the big financials, made the call to sell gold last week. they look like geniuses, obviously, this week after the big fall. so should you be investing in their next big call? what is that? stay tuned, i'm about to tell you. ♪ friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shodn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get hea

liz: so did our host charlie gasparino.ughter] liz: you don't look what you're that old and you don't have to. [laughter] >> what we do every day with baby boomers that we work with, we cannot handle another 2008 year. that is vital. liz: multinationals, how much cash? >> it depends on the investor and what their income needs are. but it should be perfectly appropriated right now. >> here's the problem. the investment decisions are based upon when people think they will retire. liz: i'm never retiring come it seems. >> we will be living in retirement as long as we're living in the work force. you have to make your money last. stocks and dividend paying companies, emerging markets for equity and debt. you can have both. you can have a conservative portfolio. liz: the both of you work. can anyone tell the difference between you two? [laughter] >> i love stocks. >> i do too. liz: it is so great to have you both. a lot of fun. wonderful to have you. okay, david asman come over to you. david: they kept it light. i like that. the

steinberg is the most senior official to be charged but now fox business senior correspondent charlie gasparino has exclusive details about the firm's dealings wwth the government. >> the video looks like he is coming out of a nightclub. i don't know what it is. looks like he is with his entourage. we should point out that michael steinberg is the highest ranking official to be charged in this probe and i will tell you the way it is looking, not saying this is going to happen but he may be the last one. as we all know the ultimate target in this case is steve cohen and the government spends a lot of time looking at his activities as they relate to mr. steinberg and the former sec official portfolio manager who had a conversation, investigators think it is suspicious right before he sold drug stocks which we know it is alleged he sold those drug stocks based on that information. interesting tidbit coming out of this investigation. investigators -- we know they did an extensive investigation electronic communications. they looked at his e-mails, like something that has been described to me by inv

geri is willis and charlie gasparino. what do you make of this? >> 21,000 people and n california are going to be hired to interpreted obamacare. nancy pelosi doesn't understand it. congress doesn't understand it. the whole industry is trying to understand it for years now. the bottom line here, i'm looking at this from the customer's points of view your costs are going up. 68 million people are going to lose their corporate. >> how many. >> 68 million. >> we're going to create 21,000 jobs in california but is that really the bottom line. there is more to this than economics right? >> happened to take two minutes out of my life and started reading 63,000 pages for rules for navigators and shut it down after the second page. this is the same thing that has been happening since day one. we were told we had to figure out what was going to be in it. it's going to be much higher costs, all kinds of regulations and mandates. we're getting surprises by the week, whether it's a $63 fee. i can't even imagine what this is going to cost two or three years do

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gasparino is here. why are home loans being given to people with bad credit? isn't that what brought down the housing market a couple of years ago? charlieell as they could because they don't take it with food. switch to citracal maximum plus d. it's the only calcium supplement that can be taken with or without food. my doctor recommends citracal maximum. it's all about absorption. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. [ sigh of relief ] great first gig! let's go! party! awwwww... arigato! we are outta here! party...... finding you the perfect place, every step of the way. hotels.com ♪ [ male announcer ] sixty-two horsepower. fifty-three miles per hour. the gator rsx 850i. it's a whole new species of gator. >> gretchen: fox business alert. labor department releasing new weekly jobless numbers. 385,000 first-time unemployment claims were filed last week. that's more than the week before and much higher than expected. charles gasparino from the "fox business" network joins us with his