. >> dennis david and we have sue anne. [speaker [ reading speakers' names ] >> good morning, commissioners. i am a native san franciscan and today representing take back our park a coalition of advocates and a group that waged a partially successful battle to limit the fees or reduce the fees or wipe out the fees at the arboretum. let me spell something that i think was not very clear about the name. the name of the garden should be -- and the name in the lease -- throughout the lease should be the san francisco botanical garden at strybing arboretum. that is the name of the society that you are about to lease to that is called the san francisco botanical garden society at strybing the name as understand was by the parks department in 2004, from the original name. we have submitted the proposed changes we would like to see in the language of the draft lease agreement yesterday and i want to address a couple of points, but i want to say upfront, that we still are unambiguously opposed to any fee to walk in our public fees a

david: dennis kneale, go ahead.ey. >> three quick points that is $1.75 billion in debt. their actual cash on hand, their money, 820 million. not a lot for a company that size. second, gross margins, plummeted to 30.8% in this current first quarter they just reported from 37.6% from a year ago. 40% a year ago quarter before that. that is interesting. one reason because they blew out a lot of merchandise. that might be one reason the stock looks to be bidded up. maybe wall street like it they're getting past bad news. david: forgive me interrupting. david: it is coming down. bidding a little low what it ended the day at. go ahead. >> there is another potential problem. the split personality. ron johnson the ousted ex-apple guy wanted to bring it to upscale. today they announce new departments. sefora, i paid $25 for a bottommof shamppo. michael graves the does wonderful things for tea pots at target. but he is high-end. jonathan adler, a design guy with high-end. liz: that is actually good. >> they're getting too fanc

david: dennis, good stuff. >> thank you, guys. liz: good per executive from dennis. hy this new building appears to wear a gigantic wig and how it could be the future of cities around the globe. david: i hope not. ♪ [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using lesfuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking iyou don't have something important to say? ♪ iyou don't have something important to say? welwhere new york state is. inveing one billn dollars to attct and grow business. where companies like geico are investing in technology & finance. and grow business. welcome to the state where cutting taxes for business... is our business. welcome to the new bfalo. welcome the new buffalo. welcome to the new buffalo. new york state is throwing out the old rule book to give your siness a new edge, the edge you can only get in new york ate. grow oustart your business, visit then

david: dennis kneale, good to see you. thank you very much. liz: thank you, dennis. cheer up. s just named the happiest country on earth. we'll tell you who took the top spot next. david: i've got an idea on that. we'll ask you on facebook and twitter is your as confident as today's data says you're supposed to be feeling. we'll read some of your answers straight ahead. ♪ . ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. david: it is time to go "off the desk." the organisation for economic co-operation and development released their latest list of the happiest developed countries on earth. the better life index, yes, there is one, takes into account 11 different categories and includes employment, education, health care, life satisfaction. coming in number 5 is switzerland. yeah. coming in number 4, norway. taking the third spot is canada. all these cold countries. liz: yea. david: second place is sweden. another cold place. guess what a warmth place got the top spot. the best, happiest country on earth,

david: ira walker, thank you so much for bringing in those etfs, appreciate it. larry shover we'll check in with you in a few minutes to see how the s&p futures close. dennis kneale is standing by. he is mr. disney. he must have disney in his blood at some point. lori: we do call him mickey mouse. david: he knows disney like nobody in the world knows disney. we'll check in with dennis as soon as number come in. lori: we're waiting for disney numbers due at any moment. stock hitting all-time high, 30 times a top on analyst goes behind the numbers whether it is time to add disney to your portfolio exonce again, today is 15,000 day, folks. 15,000 claim --! we can't emphasize that enough. home prices are rising and sales are rebounding. we have someone who sauce don't get too optimistic. these headlines are being driven by the federal reserve and ben bernanke and they're in the middle of blowing a new housing bubble. we want to hear from you about housing. are we in the midst of a genuine housing recovery or is it artificial and about to blow up? log on to faceboo facebook.com/afterthebell. we'll read your answers later this hour. ♪ . [ indistinct shouting ] ♪

david: dennis, i'm or ri to jump in again, and you haven't had a chance to look at this, but linkedin numbers are out and after hours this stock is trading down. significantly trading down. i mean, keep in mind this stock is up 70% year to date, and there's a lot of questions to how much further this stock could grow. but, again, as you're looking at the numbers coming down significantly, about a 10% drop right now. dennis kneale, i believe, has the numbers. go ahead, dennis. >> yeah, you know what? we've got linkedin with two beats, actually, even though the stock looks like it's gettiig hammered. 45 cents a share in earnings, and the street had expected 31 cents. by the way, that is triple the earnings of a year ago quarter, that is huge growth. and then revenue at $325 million almost, wall street wanned only $317. so that is actually a beat to the upside there. but what you're seeing here is because the stock is up 70% since the start of the year, because it's up, you know, to an all-time high today, it popped up quite a bit to over $200, this is profit taking going on, david. davi

david: dennis kneale are you still sleeping?and make sure that we were on schedule. the first technology of its kind... moand dad, i have great news. is now proving answers families need. siemens. answers. welcome to the new buffalo... where new york state is investing one billion dollars to attract and grow business... where companies like geico are investing in technology & finance. welcome tohe state where cutting taxes for business... is our biness. welcome to the new buffalo. welcome to the new buffalo. welcome to the new bfalo. new york state is throwing out the old rule book to give your business a new edge, the edge you can only get in new york state. to grow or start your business, visit thenewny.com visit us at marsco.com. no trading minimum. no share limits. no inactivity fees. go to marsco.com to open your account today. $3.95 a trade. dennis: i'm dennis kneale in for melissa francis. here is who made money today. investors in whole foods and the company's ceo, john mackey. whole foods reported strong fiscal second-q

>> well, it's from dennis mcdonough to david axelrod to tom donelan to plouffe plouffe, et cetera, that ultimately decided -- >> rose: plouffe was not in government at that time. >> no, but they all had -- but those who were in the white house that day -- that they had the -- they had the decision ultimately as to recommendations that come from the different agencies of the government. ultimately what ends up being an option that the president would consider and then would ask questions for and would then go to the relevant agencies and say what would it take to resource this, how long will it take, what are the results? but that wasn't there. as i said in woodward's book, it's very clear there are only two options on the table. >> rose: here's what's important, this book, "the dispensable nation: american foreign policy in retreat" suggesting that no longer are we the indispensable nation, we are in fact, the dispensable nation. american foreign policy in retreat. a lot of people-- and this is a very important point to make. a lot of people who think seriously and deeply about foreign

liz: "money", speaking of which with dennis kneale in for melissa francis is next. david: we'll see you tomorrow >> i'm dennis kneale in for melissa francis and here is what is money tonight. u.s. senate launches an assault on apple's tax practice and billions it has overseas. can tim cook and other ceos stop a tax grab by congress? >>> we got the world's most valuable brands. a look behind the gold-plated labels. their value could show what you is next for their stock prices. stick around for details. >> and who made money today? one party did and hedge fund billionaire bill ackman is not happy about it. more on that coming up. even when they say it isn't, it is always about money. >> you chose not to bring those profits home and so $100 billion plus is now stashed away in these three irish companies. >> couldn't one draw the conclusion, that you and apple have an unfair advantage over domestic-based corporations and companies? in other words, smaller companies in this country? >> we got these corporations and you're the biggest one, that are to shift profits to places w

liz: "money", speaking of which with dennis kneale in for melissa francis is next. davidrrow >> i'm dennis kneale in for melissa francis and here is what is money tonight. u.s. senate launches an assault on apple's tax practice and billions it has overseas. can tim cook and other ceos stop a tax grab by congress? >>> we got the world's most valuable brands. a look behind the gold-plated labels. their value could show what you is next for their stock prices. stick around for details. >> and who made money today? one party did and hedge fund billionaire bill ackman is not happy about it. more on that coming up. even when they say it isn't, it is always about money.

denny hamlin's run well there. a victory, six top-tens in seven races. jimmie johnson won the race last time. we'll see how david ragan can handle it. today, he led only four laps. he was tenth when we restarted. fifth on the final run and came in to win it. a special thanks for denny hamlin. i'm chris myers, for the entire crew, thanks for watching from talladega. battling darkness, drizzle and drama. we'll look forward to it saturday night in south carolina. the entire crew wishes you well. barry landis producer. ern ernie keptis director. we'll see you saturday night. ♪ >> today, the search for the cause of a fire >> friends of the victims and survivors talk about that tragedy as witnesses come forward describing the chaotic scene >>> a live report on the search for one last boater woe is still missing. >> good evening, i'm ken wayne >> hello, again, i'm heather holmes of we'll get to those stories in a moment, but first, beginning with developing news in east palo alto, six people have been injured after a shooting near the mcdonald's an university avenue and bay road according to the chief of the fire depar

dennis martels to your wonderful board and leadership. lieutenant governor newsom and the port and commissioners and president david chiu and the entire board of supervisors and the elected officials for being part of this extraordinary effort. and thank you for making this a dream, making this dream a reality for children and adults in our city and around the world. and before i lay my part of the ring on this bell, i will proclaim this to be april 17, 2013, exporatorium day in san francisco. all right. and with that, my contribution on the ring is the third ring, which is called the catalyst ring. and it represents the contributions of civic leadership and public agencies working altogether to make this dream a reality. another hand for mayor ed lee, please? >> our next speaker was mayor of this great city from 2003, to 2011 and his support was crucial to its success. and he is also a proud native san franciscoan who grew up with the appreciation for the exporatorium and the role of education in our civic life. >> i would like to introduce newsom who is a passionate for transforming that into the future

david: all of this could affect what the fed does and, of course, that affects the market. >> i'm dennis kneale and here is what is "money" tonight. the billionaire brothers under assault, enemies pulling out all the stops to block them from bidding for the l.a. times and others newspapers. the newspapers are dying. what is so bad about these guys? there money is not good enough. lose 20 pounds eating mcdonald's every day. this ceo may accidentally had just invented the meat diet. did he stumble across a delicious at campaign? and he made money today? the profits may as well be glazed and liquefied sugar. but even when they say it's not, it's always about "money." ♪ dennis: and our stock -- top story tonight, social security and how long will it really last. the annual social security trustees report released today says the program will go belly up in just 20 years. the medicare finance committee 30 years or so to go bust. is the situation dire or nothing to worry about? here to cross the numbers, co-director of social security works and dan mitchell from the cato institute. thank you fo

david. rather dennis, excuse me. maryland, retired military. hi dennis. caller: how you doing? host: good.aller: well listen, my biggest concern is i tell you, i served a long time in the military and i'm very disappointed in today's military. in fact my two children, i will not have forced them into the military, it was something they did not want to do. as one gentleman said earlier, i echo what we're saying. i think after 9/11 we politicized the military. i hate the way our members of congress and leadership uses our military by way of saying support the troops by way of forcing folks who support wars. we should never go into unjust wars and i feel that's what we do to our young men and women today and it's very disappointing. the other thing when we talk bout the draft, sometimes we say that as well, we want people to volunteer, where sadly we're not touching america across the board, because it's truly, most of the time, young people in poor communities joining the military. we have our folks who have a life long desire to go to the mail -- go to the militaries and so forth. nd but th

been in a tremendous decline for a number of years -- david: hey, jonathan, i'm going the hold that thought, we have pandora numbers. go ahead, dennisat are they? >> yeah, pandora's a beat, sort of. wall street was looking for earnings per share, a loss of ten cents, that's where it came in, but revenue higher at $125.5 million. you've got to wonder why they didn't then lose a little bit. good news is they're up to 70 million subscribers, that's up 35% from a year ago, a 35% increase in usage. and one last thing, david, mobile users, important part of this company, mobile revenue up 101%, that's slower growth than the fourth quarter. david: it is, but it is still doing gang busters. and look at this, todd horowitz, after hours the stock is trading up. what is that, about a 10% rise? it ended at 17, it is now trading at over 19, todd. this a buy tomorrow? >> not in my world. i think this short squeeze. you've got a company that hasn't made any money, an industry tahas a lot of competition right now. i wouldn't be a seller, but certainly this looks like a short squeeze. david: hold on a second, todd, this is very important. the questi

david: how will the studios have the cash for the programs? dennisnetwork show caught fire this tv season, and a lot of incumbent series are getting along in the tooth, so the result is cancellation carnage. the four major broadcast networks killed 38 weekly series and the casualty list will grow longer. 22 incumbent shows await a ruling on their fate. now, com diswrn cast, nbc in last place, they killed 16 shows, the most of the big four. disney's abc axing 11 series, number one cbs yanked seven, fox broadcasting, cancels four shows, the least. so far, 37 pilots picked up as new series out of more than a hundred the networks ordered. number one, cbs, with the least at seven, and last place, nbc, of course, with the most new shows with 11. nbc bidding farewell to "the office" and "30 rock," and letting go of "whitney" and "smash," and they killed are "rs of engagement," and "golden boy," and killed "don't trust the b in apartment 23", and renewed "so burg story". foxes include "friends and cops," one of the first reality shows for something like 25 y

dennis: thank you for being with us today. take care. lauren: we will call it david versus goliath.s how his company is looking to surpass tech giant cisco. that is coming up. ♪ for teaching us that you can't . by clinging to the past. and with that: you're history. instead of looking behind... lta is looking beyond. 80 thousand of us investing billio... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. iaddition to us monitoring your accounts for unusual activity, you could also set up free accountlerts. okay. [ female announcer ] at wells fargo we're working around the ock to help protect your money and financial information. here's your temporary card. welcome back. howas london? [ female announcer ] when people talk, great things happen. ♪ >> i have your fox business brief. i like financial has reached for a more than $2 billion settlement. the deal was f

dennis: will the scandals in washington diver at the white house from focusing on the economy? joining us now we have greg and fox business anchor davidhort attention span. will this blow over in a couple weeks? >> it will last for a long, long time, dennis. there will be dozens of hearings. there is a new regulation every hour or so. secondly, the wildcard here is not the republicans. the wildcard is the democrats. i think a lot of democrats are worried about 2014. they will abandon obama in droves. dennis: we are hoping for tax reform. we were hoping to work more on the deficit. do you think this will diverge us from getting things like that done in washington? >> i am not so sure that the market will take that as bad news. the less they do inside the beltway seems to be the better. that is seen as bad news. the more gridlock, the better in many peoples minds. dennis: we have justice with the ap, the irs going after tea party groups, if we have a third-party to come up that is overreaching like that, it gets far worse. >> i will give you one. it is still another one. if i can quickly push back a little on what david said, i agree. i

dennis we're showing live there from london former u.k. minister for europe thank you. it is time for us to settle this question about britain and europe. david cameron's under increasing pressure to guarantee a vote on the pace of future in the league you will have a sell out of britain's european partners fear that such a divorce code is a strong thing. the cash strapped european union is mounting a crusade against the continent's banking hubs brussels declares open season on account privacy tax evaders a light with even those outside the union pressured to change their rules but have more on that later. but first moscow's efforts to launch direct negotiations between the conflicting sides in syria is now receiving support from the united nations secretary-general ban ki moon is the latest in a string of high profile figures to visit russia to discuss the syrian civil war has given the green light to russia's talks in the shit if you were going off is following the diplomacy in the black sea resort of sochi. well after meeting with russia's leadership the un secretary-general ban ki moon agreed that the conflict in syria could only be resol

david: all of this could affect what the fed does and, of course, that affects the market. >> i'm dennisis "money" tonight. the billionaire brothers under assault, enemies pulling out all the stops to block them from bidding for the l.a. times and others newspapers. the newspapers are dying. what is so bad about these guys? there money is not good enough. lose 20 pounds eating mcdonald's every day. this ceo may accidentally had just invented the meat diet. did he stumble across a delicious at campaign? and he made money today? the profits may as well be glazed and liquefied sugar. but even when they say it's not, it's always about "money." ♪

david: we will be seeing annual shareholder meeting, very interesting. a proposal that will split the ceo jamie dimon. chairman and liz: dennis with "money" next. dennis: here is who made money today. he sold tumblr to yahoo for $1.1 billion in cash. high school dropout just 26 years old reportedly will make more than $200 million personally from the deal. so let's be happy for him. also, gold bust, the longest in the financial crisis. jumping up 1.5%. and coming up short on "money," "star trek." it won the weekend box office but fell short of the $100 million. they do not have enough fan boys to get them into theaters. even when they say it is not, it is always about "money." ♪ dennis: our top story, apple ceo tim code is heading to d.c. to testify before congress tomorrow expected to face tough questions on why apple has $100 billion of foreign profits outside the u.s. but he will argue our current tax code forces companies to hold overseas profits offshore rather than bring it home. so while lawmakers listen to what coke has to say and revamp the tax code? here with more our heritage foundation analysis and liz macdonald.

dennis? >> reporter: it sure is. these food fads go in cycles, who knows? maybe they're coming into their own again. davidrry, whether they can appeal to people beyond doughnut eaters out there, whether they can get a good breakfast menu going, expand -- they're getting into yogurt, clearly, they may have the capital based on these earnings to do that. >> yeah. and, you know, they've learned from their lesson. i don't think they want to be a dunkin doughnuts. maybe they don't want to be chock full of nuts either, so somewhere in between where, you're right, they want to compete for that breakfast market where starbucks, you know, cinnamon rolls, everything else, that's after effects. they want to do both. they want to give a breakfast experience and really create their own niche. so long term it's probably a really good buy. liz: good to see you. thank you so much. want to go back to yudi because people get excited about individual names. what are your favorite names right now, and let's go macro first. in which sectors are you looking? >> still the same sectors, one as being the home builders. i love the

david: we will be seeing annual shareholder meeting, very interesting. a proposal that will split the ceo jamie dimon. chairman and liz: dennis" next. dennis: here is who made money today. he sold tumblr to yahoo for $1.1 billion in cash. high school dropout just 26 years old reportedly will make more than $200 million personally from the deal. so let's be happy for him. also, gold bust, the longest in the financial crisis. jumping up 1.5%. and coming up short on "money," "star trek." it won the weekend box office but fell short of the $100 mli

dennis: thank you. "new york times" reporting that calpers will vote to split up j.p. morgan chase's c.e.o. and chairman roles for jamie dimon. thanks for being with us, davidn stock is up 60% or so in the past 11 months. what is calpers problem, exactly? >> that's a good question. you would have to ask them, dennis. from my perspective, i think that many in the proxy world, it's considered by many that the best practices for large u.s. companies is to split that chairman and c.e.o. role and i think that's their -- obviously their vote with respect to j.m. morgan today. dennis: do you know any research that's shown a mrit role of chairman and c.e.o. that that company outperforms in returns or profits? most of what i've read over the years says there's almost no difference at all. >> that's an excellent question and that's something we've not necessarily run numbers on but in this situation, we were of the view that dimon should keep both roles. this is an extremely complex company, dimon has an outstanding track record in creating value for shareholders and has an incredibly good handle what's going on in every business and i don't think splitting the roles

david, thank you so much for weighing in. big news on yahoo. appreciate you being here. >> my pleasure. dennis're calling dennis versus dennis. joining me now, dennis neil, the we have massive amounts of people who are out of work and the oxygen that's being sucked out by some of these scandals may limit the white house but still has to be held accountable for not creating the jobs. cheryl: i could have sworn it was other things that were hurting job growth such as tax increases on 2/3 of all the profits that go to small businesses and anti-business theme and demonizing world creation but now you worry that scandals could distract the white house from creating jobs? >> well, i'm not for tax increases, first of all, but what i was pointing out yesterday is that you have 7.9 million americans who are involuntary working part time. they're looking for full time work. they can't get it. you have more than eight million americans unemployed and that is probably greater because people stop looking for work and beyond that, middle class is working but wages are stagnant. they're maxed out on borrowin

david renner. if we could vote out one republican in an effort to change the party's direction, who would you pick? well, obviously, john boehner. and this is why i'm so mad at dennislking over there at fox news. because i think kucinich after he was redistricted and gerrymandered out and lost in a primary, i think kucinich could have moved to cincinnati and been a great national candidate to defeat john boehner. boehner is the problem. boehner is the man who has done nothing to work with this president when it comes to jobs and he is always there in a very spiteful manner and he lies a lot. so he would be the guy. the next question comes from marshall, texas. "why is there so much hatred for president obama by the republican congress?" well, keep in mind, we have two ideological, you know, battles going on here. number one is that the republicans, all they want to do is privatize everything they possibly can. president obama believes that the government has a limited role in doing things. for instance, he thought that it was important to have a stimulus package when he was handed the worst economy since the great depression. he thought it was important to help out

david einhorn has made it public that indeed they have added to their apple position. now just waiting for the next great apple product. back to you. dennisryl: time to make some money with charles payne. you have brand-new highs around the world. japan, england. except for the nasdaq, new intraday highs are hittingg3 again. charles: i have to be honest with you. i have been looking for and looking for a roll back. it makes it easier to buy. we were talking in the break. individuals are starting to creep back. they are starting to sense and feel that things are better. they know what predicament they are in. starting to pick up some traction. maybe some main street traction. cheryl: the defensive are really falling out of favor. we have a risk on environment. charles: i hate that. risk on, risk off. most people are not ready to live a great life they will live another 20 years. the risk on is when you do not own stocks. that is when you take risks. cheryl: anyway. charles: abercrombie was upgraded today. for me, it is interesting. i like this stock a lot. it may close above 52. that is five upgrades in the last two months. sales rates are

dennis: thank you. cheryl: the business of travel here at fox business. i am going to go to the experts right now. they have the scoop. i want to start with you, davidess. if you look at a company like marriott, the stock is not performing well. their business is mostly in the u.s. >> we think it is positive. the u.s. is the strongest region in the world. what marriott is doing is growing its global platform. today, we think their relative exposure to the u.s. is a very big positive. cheryl: i want to get back to the sector for a moment. i want to talk about the airline sector. delta. are they increasing revenues because of asia-pacific? >> there is a bigger picture, in general. this industry has taken 30 years to consolidate. i think they are finally getting it. you have the revenue model changing. the airlines are all selling off a lot of free cash flow. this is about the way they are running the entire franchise. companies are chasing things like investment, great trading ratings. this is an industrywide phenomenon. it is for investors to recognize this and re- rate the group. now you have stocks up for and five times earnings. cheryl: there are

dennis moynihan, that book of columns has an introduction of importance of independent media. and our latest book, stories of occupations, resistance and hope. the first three books written with my brother, david goodman, a great journalist in vermont, all five books signed. build your library, give to a library, hand out after you read them to friends for birthdays or going to someone's house for a $200 contribution. make your call now. what counts is your call. we department do this without you. only together, only with you, your call counts. we need your support. we ask you to call 866-359-4334. we have two minutes to go. if you want jeremy scahill's books, it is not to be missed. that book is yours for $150. with the double d.v.d., yours for $200. he urge to you call. jeremy looks, as u.s. leaders draw the country deeper into conflict across the globe, setting the world stage for enormous destabilization and blowback, americans are not only at greater risk, we're changing as a nation. scahill unmasks the shadow warriors who prosecute these secret wars and put the human face on the can'ts of unaccountable violence that is now official policy, victims of night raid, secret persons, cruise mi