he's joining us, also todd horowitz who we have now. todd horowitz is at the cme.d, let's talk about what happened with gap because this, when you think about what happened to jcpenney and the demise, essentially, of at least that business model if not the company, and you think of turn around of gap, it is remarkable. >> hi, david, hi, liz. yeah, they did a great job. they caught their problems a few years ago when they first started to struggle, and they adjusted, and the stock is up, over the last five years it's up 133%. the charts expected them to move earnings. it's not fast movement, but it's real steady. the charts look great, i would look for it to pause but certainly wouldn't want to fight this trend. they do a great job, and they really fixed their ship when they were in trouble a few years ago. liz: they sure did. let's get to jonathan. in looking at the broader market, you feel things look pretty good near the u.s., but you are looking overseas. where and why? >> yeah. so we're contrarian value investors, and we think the u.s. market has tremendous opp

horowitz but a lot of other people do you remember the incident of the president of npr of losing her job over a sting operation? weaver that the for npr. [laughter] but unfortunately i think the reason we're so much in the cross hairs is the idea that journalism also is a liberal profession and if you what to say where does that come from is that it comes from our school. we've got that e-mail and james dickey showed up several times to do ambush interviews with people and that events like this. and we have spent on the bill already show many times so i am used to --. [laughter] ibm used to that part of the debate. but it is true that a general 10 or is super liberal but i can think of anyone i know on the columbia faculty who did not vote for obama twice. >> in different years that i hope. [laughter] that the dean of the business school was hired as the adviser to romney but those are the only to get everybody else part of what is going on is a little chronological as it is self reenforcing. a lot of the liberal universities as in any environment is not in on the argument but what d

todd horowitz. >> nothing happened. market has been underpressure all day from the adp jobs number this morning all the way through. once numbers came out, we actually had a little bit of a rally and we sold off from that. it is very controlled selloff. no panic to the selloff. the market got what they expected from the fed. the market seems to be under some pressure now. today's selloff was a little different than the last couple we've had. this was very controlled. there is no panic. this could be a tippingpoint where we start the correction. this is the first year in 17 years that the market has not had at least a 5% pullback in the first four months of the year. we could be on the mend here right now, looking for a little bit of a correction. david: charlie, let's go to you. economic signals are clearly weak. no way to put lipstick on this pig at this moment. we may have a surprise figure from jobs numbers that come out on friday. does that mean we're in for a june swoon? >> it is may 1. the old adage, is sell in ma

francisco office of the fbi is looking for help in its case against an impersonator. 21-year-old max horowitz is on probation for passing himself off as an fbi agent in hayward last year. last week, he was arrested again for buying a gun and other law enforcement paraphernalia, a violation of his probation. he is back in custody but investigators are asking anyone who has come in contact with him while he was impersonating an agent to contact the fbi. >>> we may get more answers today from a bay area cemetery about remains that went missing. the ashes of several people were lost in a fire at cypress lawn crematorium in colma last week. cemetery officials told the hernandez family of san francisco that the cremated remains of a 97-year-old woman were destroyed in the fire. that means the family will not be able to keep a promise that was made before she died in march. >> i promised my mother that i would bring my father when she died to stay with her and so they can be together. >> and now? >> now nothing. >> cypress lawn says the ashes of 16 people were washed away or mixed together during th

that's critical and we've we've now been successful in getting google ventures id china entries and horowitz lightspeed ventures pick one opportunity fund. founders fund we think that's really necessary if we're really going to take this now from you know the the beautiful purist idea behind this to now how do you get the whole world thinking about this integration and that's kind of one of the criticisms over against it is that i guess big cohens is a grassroots movement people are really attached to it and maybe they see that as being too corporatist now or not this sort of corporatists but the interest that. generating in the business sector is really maybe crowding out some of the private enthusiasm for it it's a really interesting thing i think you see this in a lot of technologies where you know you start out with an incredibly devoted absolute true believers would do anything to see the movement succeed and there is absolutely necessary to get the you know the ideas flowing you get the best and brightest but how do you now make that jump to a global audience and i think that's where t

his name is max horowitz. the fbi says wind chill on probation he obtained a semi automatic ryan control gun and other paraphernalia use bid police. if you have had contact with this man, you should call the fbi tip line immediately anonymously if you would like. >> well, woman at the center of the irs scandal declared her innocence to lawmakers today overseeing the tax exempt braj and revealed the agency focused on conservative groups. is he was set to testify during a congressional investigation but only maintained her innocence before pleading the fifth. >> i have not broken laws. >> if this committee is prevented by obstruction or bad refusal to answer you'll leave us no alternative but to ask for at pointment of a special prosecutor. or appointment to special council to get to the bottom of this. >> she says she took the fifths because darrell issa had gone public claiming she misled lawmaker autos in southern california today a bear on the loose in sun valley. it was checking out backyards and just forra

. >> reporter: newly-retired carey horowitz watched his 401(k) crater for years, but instead of panicking did nothing. a decision that's paying off for him and many others. since hitting bottom in march 2009, stocks have climbed a staggering 139%. so, if you invested $10,000 during the worst of the great recession, today you'd have more than doubled your money to almost $24,000. >> people will not have expected how well the 401(k)s have done, because honestly, the broad public hasn't paid a lot of attention to where the stock market has gotten to at this point. >> reporter: but investors are still nervous. before the financial crisis, 65% of us had money in stocks. today, that number has dropped to just over half. what does all this mean for people who don't have money in the stock market? >> mostly, a reflection for economic recovery at least remains on track and it seems like big companies are in a position to benefit from that. theoretically, they should be doing a lot more hiring. >> theoretically. but the question is, rebecca, will that 15,000 mark on the dow today encourage companie

his name is max horowitz. wind chill on probation he obtained a semi automatic ryan control gun and other paraphernalia use bid police. if you have had contact with this man, you should call the fbi tip line immediately anonymously if you would like. >> well, woman at the center of the irs scandal declared her innocence to lawmakers today overseeing the tax exempt braj and revealed the agency focused on conservative groups. is he was set to testify during a congressional investigation but only maintained her innocence before pleading the fifth. >> i have not broken laws. >> if this committee is prevented by obstruction or bad refusal to answer you'll leave us no alternative but to ask for at pointment of a special prosecutor. or appointment to special council to get to the bottom of this. >> she says she took the fifths because darrell issa had gone public claiming she misled lawmaker autos in southern california today a bear on the loose in sun valley. it was checking out backyards and just forraging for food

chief correspondent john horowitz joins us with automatic deteams. good evening. >> good evening.hite house was on two issues about credibility. one is about benghazi, the other is about this ir

chief correspondent john horowitz joins us with automatic deteams. good evening. >> good evening.he white house was on two issues about credibility. one is about benghazi, the other is about this irs embarrass him we talked about. let me run through what we know about so far. first of all, the tea party and other conservative groups have complained they got extra scrute if i from the irs. the irs denied it. today the irs came out today and said they were right, we were wrong. they blamed it on a bureaucratic mistake done by civil servants they said was not for political motivations but rather for the result of a categorization error of people facing a flood of applications. the tea party, nevertheless, rejected the apologies the irs offered. they wanted to see action not only from the irs, but the president and capitol hill and mitch mcconnell said they wanted the administration to conduct an entire review across the government to see if other of what mitch mcconal called thuggish practices had taken place. democrats and white house press secretary jay carney is briefing this afte

if you ask legendary investor marc andreessen who is the co-founder of andreessen horowitz why, he'lls the war on the public markets that's happening. he joins me now in a cnbc exclusive to talk more about that and where he's allocating capital. >> hi, maria. >> tell us what you mean when you say war on the public markets. i've got a list here i was looking at. i assume that you have written this list. sarbanes-oxley, regular fd, elimination of staggered boards, abstract theory, corporate governance, form over substance. go through it. what's this war on public markets? >> basically we seem to have collectively decided as a society we want to strip risk out of the public markets. we had the dot com crash, financial crisis. we decided we toedon't like ris. there have been a series of regulatory reforms, corporate governance movements. the result has been a huge disincentive for public companies to go public. the problem is if new companies don't go public you get what we're seeing. the number public companies falling. the result from that is we're stripping growth out of the public mar

these attitudes are in some way conservative, i think, but they're not conservative in the david horowitz ideological sense. and i do think that they are really moving into universities in a beg way, especially the more vulnerable, less rich universities. so, it's not -- i think the focus on an ideological thread can obscure the business practice tall thread to the essential nature of universities, and that i think is very real. so, i'll stop there and hope we can talk back and forth. thanks. [applause] >> thank you to nick and to paul. before we open it up to the group, i want to give you a chance to respond to a few things, and it strikes me there is some commonalities in the two sets of comments, particularly it would be interesting for you to address the issue about the question of how american this and is how we should think about the politics of the professors and other places and how that shapes the way we should understand the situation here in the united states. i think nick's last point about globalism of the academy is original and interesting, and worth chewing on, and it does

. >> as i wrap up to throw back to new york one of your big backers is andreessen horowitz. big money behind you. that is an indication this will be around as long as cheese whiz. that will need to avoid elon musk's prediction of extinction, correct? >> it shows you that it is a big idea. >> thank you very much, eric, for joining us. rockmelt is the application. get it at rockmelt.com back to you in the studio and get cheese whiz ready. melissa: adam shapiro thanks very much. keep it here on fox business. coming up in the 3:00 p.m. hour, we have the ceo of sony electronics. he joins adam to show the waterproof tablet and smartphone. all i say there better be a water bottle involved in this interview. you don't want to miss this one. lori: what a great assignment. you might already have a linkedin account but there is set to be another professional social network launched soon. news corp, our parent company is said to be producing a platform from "the wall street journal" but you can never have too many social media accounts, correct. melissa: obviously. lori: to bring like-m

host: sari horowitz, one of our followers on twitter writes in and that says this shows that they don't follow their own rules. what about probable cause or warrants? how is the justice department defending the legality of what they did? guest: what eric holder says is, although he doesn't know all the details of the investigation because he recused himself, that he's confident, he said, that his officials have followed all the department of justice regulations and rules. the deputy attorney general, jim cole, wrote a letter to the associated press president yesterday, saying that they took this action only after conducting, i think it was like 550 enter views and reviewing tens of thousands of documents and that they did follow all their rules. one of the rules is when they're investigate a media organization, they have to tell the media organization within 45 days or they have to get a 45-day extension, which is what they did in this case much they told them 90 days after the grand jury subpoena went to the telephone companies for the records. host: give us a big-picture look at how t