. ♪ ♪ liz: retail rout.appointing results from staples, home depot, dick's and tjs leaving investors with big questions about the future. >>> payback, one day after the u.s. hits china with cyber espionage charges, china in turn bans microsoft windows 8 from all government use citing security concerns. this comes just as microsoft's new ceo tries to turn the company around. he unveils today the new surface tablet. we asked microsoft product chief ewe receive mehdi about the china pallout and why his -- fallout and why his devices deserve a second look. >>> you knew this was coming, frozen on ice. disney announcing plans for an ice skating spectacular based on the popular animated kids' movie. complete with a real blizzard. when and how much the frozen franchise could mean for disney's bottom line. >>> and as tens of thousands of americans get ready to jump on planes for memorial day weekend, one private jet company good enough for warren buffett is enjoying 50 years in the business. how far has airline trave

liz: with 38,000 be a record? >> yeah. liz: how are the numbers coming?> on tuesday we did $7.8 million of business. we have the largest furniture store in sacramento. largest in las vegas, salt lake city and boise. none of those stores does as much in a month as the store did on tuesday. liz: can use that is a statement about how the industry or on balance? >> in omaha the economy is good. half the people who go out there are probably from omaha. our stockholders come to spend. liz: do the kids get a discount? >> i will think about it. liz: they are waiting for that discount. i never ask you to step on your lines because i know you like to withholwith hold everything fore actual meeting, but it becomes news because ford has seamlessly announced a transition to the new success. people are wondering will this be the year you announce your successor? >> no. no. liz: why not? >> it could change between now and when that person succeeds. there is no reason to. it may be next year, maybe 10 years from now, it is hard to tell. their age would enter into who the

liz said i-ears. liz: liz said a name change may not matter. they overpaid by $2.2 billion.sh. the number one thing to watch next week will be earnings from dow component cisco and walmart. cisco set to report after the bell on wednesday. the tech giant expected to pose e ps4 8 cents. walmart they're scheduled to report before after the bell on thursday. analysts expect the retail giant eps a buck 15. revenue, 115.75 billion bucks. liz: charlie gasparino first to report that herbalife discovered listening devices or bugs in its l.a. headquarters. list tone to foxbusiness.com because he will update the story as he gets more. adam: gerri willis is up next with "the willis report" is next. liz: go browns. gerri: hello, everybody, i'm gerri willis. right now on "the willis report," are online tests the latest key to landing a job? also would you wait in line an hour for this? this is great. i'm telling you wish you were here. creator of the infamous cronut is here with the latest invention. if you write an online review, you better watch out. you could get sued. we're watching o

. ♪ ♪ liz: good afternoon, everybody, i'm liz claman.he last hour of trading, and some beaten-down internet and tech stocks are today leading the pack. remember trip adviser getting hammered a couple of sessions, both last week and the week before? look at it, today up 5.25%. netflix jumping 4%. very nice move. and pandora having a good couple of sessions, up 4.25%. that's helping the nasdaq do rather nicely, gaining 32 points at the moment, three-quarters of a percent. nice move to the upside. that means it has risen two of the last three weeks. look at the russell 2000, up about three-quarters of a percent. and, of course, the dow jones industrials up 18 points at the moment to 16,509. the dow did lose ground last week. let's get to merger news dominating the monday headlines after at&t finally made the offer official. people agree over there. we've been talking about it. buying directv for nearly $50 billion. $95 a share. the stock is well below that right now, but we'll get more on it in just a moment from both a regulation stand poi

liz? liz: i think they will figure it out.ways do. >>> square has started lending to small businesses. the company launch ad credit program called square capital offering square customers cash advances to grow their small businesses. david: our own jo ling kent is here with more on the story. tell us how it all works? >> dave, liz, square has been moving towards this a couple of months, launching today square capital to loan money to small businesses as you said. they borrow a lump sum and pay back with percent of sales over time. no interest fees or set payment schedule but this is very expensive. techcrunch reporting that square will utilize data has on the company to decide how much cash to loan and what the payback percentage will be. now the reports are saying that the rate is between 10 and 14% on top of the advance that you have to pay back. liz and dave, you're looking at least $1,000 for a 10 grand loan. in a statement square says it advanced tens of millions of dollars to thousands of businesses already since it star

liz: no. about this very issue and this very problem. >> and jack costello, he's the -- liz: dick cost low. >> jack dorsey, dick cost el low. are they afraid of you or me? it's the red hair. liz: it's me they're scared of. >> scared of the red hair. [laughter] liz: thank you. thank you very much. charlie gasparino. we've got the closing bell ringing in 28 minutes -- >> she's a tiger. liz: here's a ceo who's never been scared -- he came on back in 2008. >> who is he? liz: solarcity, lyndon rive. google and other big players are joining this hotly-contested, competitive world of solar. they're linking up with solarcity and other companies, but it's not slowing down the industry's pioneer. exclusively, the company's co-founder and ceo, lyndon rive. he's also the cousin of elon musk who's the chairman -- >> i have no relation to elon musk. liz: and the nfl draft -- look at radio city, it's nuts. this is two blocks north of fox business, by the way. i'm not even going to try and go on sixth avenue

liz: yeah. more than that. i think he has an issue this europe, particularly in the u.k. that if you're barred in a u.s. securities market, it's hard to operate. and that would be a problem, business problem for star. so that's where we are right now. trial's likely to take place in 2015. we're going to be there with a camera. liz: absolutely. you'll be there. >> i'll be there. if i'm still working here, i'll with there. liz: in our business, that's what we've always got to say. closing bell ringing in 28 minutes. turning a dream, a real dream into a reality. how a tiny start-up wanted to give 20/20 vision to sports fans and coaches and even broadcasters. the co-founder and ceo of the us in a fox business exclusive with his new helmet cam next. >>> and the streets of new york are turning blue. ranger blue, that is, as the new york rangers head to the stanley cup finals for the first time in 20 years. even our local shoe shine guy, that's don -- we love don! >> don's my buddy. >> hi, don. [laught

liz?ll, see, you know, it is negligible, frankly, and that's what we were saying at the top. 35 million is nothing to this company. so good point there. jeff flock, let's get to you. you're outside a gm dealership is in chicago. at least this puts one part of the nightmare behind gm, does it not? >> reporter: one reasonably small part, liz. absolutely nothing is absolutely right. take a look at the perspective on this, i talked to one gm dealer who said, 35 million? that's what they made on me alone last year. in q1, for example, $35 million compared to revenue of $416 million a day. you know, we're talking about an hour's worth of revenue here. the other stuff that if you have to come as you alluded to at the outset, potential criminal prosecution. take a look at this petition that's being circulated on change.org right now. it has over 100,000 signatures. and today's fine only intensifies the pressure from some groups on saying that gm officials need to be prosecuted for this. the only t

liz claman.s the last hour of trading. we are in record territory for the s&p. breaking just a short time ago, a massive auto recall to tell -@you about. in this time not involving gm or toyota, but ford. the automaker's recalling more than a million of its most popular suvs ever made, yes, the ford explorer. a possible problem with power steering is what's at the heart here. it's models 2011-2013 along with 2008 to 2011 ford escapes and mercury mariners. guess what? shares not getting hammered right now. close to the highs of the session which, i believe, are $16.54. we're just at $16.53 at the moment. not bad for ford, maybe we're inured to some of this recall news. we're watching ford. but in the meantime, let's broaden the discussion to the economy. investors appear to be looking at brighter skies and dissing dismal gdp numbers as a dark cloud behind them in the rearview mirror. as i mentioned, s&p 500 is above its record right now. we're up nearly nine points or half a percent to 19.18. that

. ♪ ♪ liz: good afternoon, everybody, i'm liz claman.glad you're with me, it is the last hour of trading. yes, we've got a generally, yes, we're in record territory for the dow and the s&p, but, no, there's not a lot of oomph or strength to this rally. despite the fact that the s&p did something it's never done before. yes, earlier today the s&p 500 crossed the 1900 mark, though it's since come down just a bit. but if the s&p and/or the dow close anywhere in the green today, i mean, up one-tenth of a percent, it will be a record finish for each index. that, of course, would be the second day in a row. in the meantime, let's get to the stock story that broke yesterday after the bell. at&t's on again-off again flirtation with directv seems to be back on again, and both companies appear to have their eyes on an end game, a deal that could be announced in the next few weeks. yeah, at&t marching together with directv. we're looking at shares of both of these names, down just marginally. neither really reacted dramatically in the after market

liz: good afternoon. i'm liz claman and it is less than all important hour of trade and chalk one up for the little guys were in this case the small-cap stocks because they have been getting clobbered recently, but today the russell 2000 is gaining a full percentage point or 12 points, the weeklong picture looks better and better. right now the russell standing at 1116. earlier this week the index known for at the small and medium high growth stock was in danger of falling into correction territory. look at this three month picture, shutting 9.3%. since its recent high hit in march to read the come back to starting today for the moment to read it all could change, of course, because we have seen a lot of volatility. here's where we stand, dow jones industrial up 32, but we were down 44 points earlier. we have mixed economic news, existing home sales rose less than expected. 1.3% last month. you may look at that and save less than expected is not a good thing, but this number is up for the second time in n

liz: okay.ust found something i kind of like here. it's a painting of sorts. and you can just sit there and immediately buy it or save it. find this very, very interesting because i think that in this era where everybody's shopping, walmart's numbers were just terrible, but their online opportunity looked very good, double-digit increases year-over-year. what other big partnerships are are you jonessing for, are you just dying to have? >> retailers are paying a lot of attention because they're seeing huge traffic from wanelo, and this traffic is converting, and it's really strong on mobile. and so what's actually happening right now is we're building a really big ecosystem for retailers where they just want to know how to make more of wanelo -- liz: are you going to target men soon? because it's really for women right now. >> full source innovation makes it very possible for men as well, and i do think men want to shop this way. liz: i was wrong. as beautiful as what i picked was, it was actuall

with liz claman. ♪ muck.iz: on this friday as earnings wind down, where should you look for your next big investment idea? tune it up, a new tune for apple. the tech giant's reportedly close to paying $3.2 billion for beats electronics, a streaming music and designer headphone company co-founded by dr. dre. ♪ ♪ liz: what will it mean for iradio, and will it be not just a skull candy killer, but a pandora and notify slayer -- spotify slayer too? google, twitter and facebook are all paying big to expand their footprint in the big apple. we'll find out why new york silicon alley is more and more the hot spot for techs and what are the next start-ups to watch. and is brick and mortar back? just as barnes & noble moves to more mortar stores, the blooming business that started as a mere phone line now expanding its brick and mortar base. the ceo of 1-800-flowers on his new push. happy mother's day weekend, "countdown to the closing bell" starts right now. ♪ ♪ liz: good afternoon, everybody. it is the last hour of t

liz: alert, alert.is, of course, the record of all time at the moment, so we're watching that very closely with just 24 minutes left in the trading session before memorial day weekend. yeah, it's finally here which means baseball and beaches and, of course, barbecues. but the price of your favorite cheeseburger or steak is heading higher with every passing month. look at feeder cattle prices over just the last year, and the burgers definitely do not stand alone. prices for feeder cattle, as you see, are at a one-year high. i believe that's also an all-time high, just off the all-time high. prices for pork products are on the upswing as well. so expect a spike in the cost of your ball park frank. -- ballpark frank. guess what's next? chicken. if it's the more economic they were, more people will pile into chicken, but those prices tend to go up along with pork and beef. that barbecue you had planned this weekend, the grill master himself is here today. ceo, famous dave's of america, ed rensi, here on you

liz: never? >> no. no, no. never.: does it hurt eventually if more and more people go to electric cars, does it hurt burlington northern railroad? a huge amount of the car doe on your railroad is oil to, facile fuels, warren. >> yeah. well, it'd be a lot of oil. and there's a choice about something haha's good for berkshire and good for the world, we vote for good for the world, absolutely. liz: regardless of what's good -- >> absolutely. cheryl: we are, of course, going to have a lot more of what mr. buffett, mr. gates and, of course, charlie munger had to say. you want -- don't want to miss what mr. buffett had to say about the possibility of relocating berkshire hathaway outside of the united states. not just omaha, the united states. we're going of to have a lot more coming up. the best, the brightest highlights during this hour from, of course, her interview with warren buffett this morning. let's get back to our markets here in new york. we've got traders standing by at the floor show, the new york stock exchang

liz?ma is turning to top industry leaders in the lodging and tourism arena to discuss ways to attract more international visitors in order to spur economic growth. everything from jobs to spending. arne sorenson, marriott international ceo and president was among the group who met with the president right out of the meeting i spoke with sorenson exclusively and asked him what really came from this meeting? >> well, in many respect it is was a love-fest. so this is a space that president obama has been after for a couple of years. it's one area where we've got bipartisan support, so that may make it a little easier. to give him credit, he and his team is looking to inbound travel to the united states last couple years. it is easy exports. it creates jobs and good for the economy and we've made great progress. part of this this morning was to thank them for his great work. we also spent time talking about the way we could do things even better. >> i was looking a the numbers. we're numbers p

liz: okay. you can see from those small things on the right side of your swing, the intraday picture and it's a fight to come back for the dow. nasdaq, s&p not going to make it. well off the lows of the session. david mentioned for the dow jones industrials we were down 210 points at one point. s&p having a big struggle. nasdaq at one point was down 65. to be down 31, you cut your losses. david: nice to serious sell 2000 which had been leading downward trend today not doing so. liz: indeed. "after the bell" starts right now. david: this is the biggest drop in the s&p since april 10. so it was bad particularly in the s&p of the not all the others doing so bad. there was a little bit after comeback towards the end of the trading day. let's get right to today's market action. we have kimberly faust, navigating these markets like walk tightrope these days. al buckingham, al frank asset management. telling us where he is putting money to work in the long run. bob iaccino from pits of cme. let's talk

liz: 2,000 doll. david: okay. liz: per plate.illion dollars in flowers and 200 thou dollars. david: plate of what. that will go on youtube. what an insightful rather strange insight in the minds of americans. property firm estately, used google trend to determine which words terms, word and phrases were most searched for, grouping results by state. new yorkers search for bail money and bedbugs and hangover remedy the most. while calfornians were most interested in alcoholics anonymous. they're getting their acts together. liz: good. david: google glass. people from colorado searching for cross fit and marijuana. okay. the high state not surprisingly. new jersey residents searching cure for baldness? poor new jersey. bon jovi and girdles. new jersey, come on! do better than that. liz: i'm a proud resident, proud resident of new jersey. >>> this could be the busiest holiday travel weekend of the entire year. jeff flock reporting live from one of the most choked highways in america. wait until you see, next. (mother vo) when i was p

liz?e and i will take each other on "forbes on fox" one day. >>> unemployment rate 6.3%. which means many americans are still having a very hard time finding work but our next guest says thousands of positions he has got, he is unable to fill. up next we'll ask him all about what type of jobs they are and much more. >>> gm being required by the department of transportation to pay a penalty for failing to recall cars with deadly defaults. sooner we'll go to jeff flock for the very latest. >>> we'll tell you what luxury item one hotel will deliver to your suite by drone. you need to see this when we take you off the desk. ♪. (mother vo when i was pregnant... i got more advice than i knew what to do with. what i needed was information i coultrust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovat

liz. liz: we talked about bitcoin who is accepting it now?nounced it will accept bitcoin as payment, overtaking overstock dot-com and zappos as the largest company to accept the digital currency. the satellite tv giant will work with coin base to satisfy digital transactions. david: jo ling kent is here with more details on the story. jo. >> dave, liz, the company announced this morning it will start taking bitcoin in the third quarter of this year. they will process payments and exchange bitcoin payments with u.s. dollars. the moment the transaction goes through in the tool called instant exchange. back in december, coin base doing very well raised $25 million in series b round led by andreessen horowitz. right now bitcoin trading down from its big high of $1,000 a few months ago. right now it is 568, 570. looking at numbers, dish has more than 14 million paying subscribers. as of december coin base saying it has about 600,000 consumer wallets. so that is where the potential is. now dish is joining other companies in accepting bitcoin like o

liz: ebay's paypal unit.y have 70% ability to generate mobile payments there. >> ebay should be worried because of the payment scheme. if they wanted to expand this globally, the primary focus is china but if they want to go beyond china to have a real advantage and they have proven they will get payments to work in a region where 50% of the population is not online, that is really important because that is where the most opportunity is with these emerging markets. liz: it is interesting to have been in on the early part of that. former head of yahoo finance and coo. and giving it a very healthy rating at least at the moment. supposed to go public sometime in the summer. the closing bell in 38 minutes. breaking news on herbalife, more on this at the center of the war between bill ackman and carl icahn. one short, one long. charlie gasparino giving us that exclusive a new era of health care with the biggest between pfizer and others. who is next? which sectors are poised to move ahead? who better to ask than c

liz? coffee consumption is growing at a rapid pace but drought in brazil and coffee fungus in central america crippling coffee production and skyrocketing prices. how are luxury brands dealing with short supply? david: next we talk exclusive i wily chairman and ceo, an drea illy. liz: one company takes advantage of america's love of flavored sparkling water and expected to hit one billion dollars in sales next couple years. the ceo of talking rain. you might not have heard it but you will. they're growing dramatically. a "first on fox business" interview. tate brand is all ready the brand of the year. berkshire hathaway home services. good to know. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)...

liz: sounds easier said than done. >> well you and i sure could agree, liz. liz: exactly.ent had a rap, had a reputation actually for being business unfriendly. how do you perceive it? do you that is unfair or do you think he could go a long way? >> look i think obviously there has been some issues he probably and i would disagree on. i can say that, fritzer is has a -- pritzker has a huge business background. she makes sure america is open for business. she was on video screen doing a deal with africa, looking to get a deal in the united states. jeffrey zeints who runs economic policy. he is former bain capital guy. clearly people focused on wall street and focused on business. he has people around him that very much understand america works only if business works. it certainly helped our business. i think there is always more work to do but we're making good strides. liz: michael, always good to talk to you. yes or no, are you hiring? >> we're lying. we're hiring this year. we're looking to built another plant next door. so we're very excited. >> that is great news. a ma

david: liz? been talking about some high flying stocks out there that had their wings clipped lately. could be facebook and yahoo! could be heading to the mall to look to buy some of those clipped wing bargains. we'll point out names that might be targets. >>> the drones of war, the next generation of military robots getting ready for service. we take you live to the largest display of robots and unmanned systems. it is the coolest, to learn about next generation military and commercial drones. stay tuned. we're coming right back. (mother vo) when i was pregnant... i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare. so ally bank really has no hth

liz: former u.k. banking powerhouse barclays is trying again and it will take the axe to its workforce. this time slashing 7,000 jobs from its investment bank. that is on top of the 10 to 12,000 job cuts already announced in february. david: charlie gasparino saw that coming. net profits at toyota, the world's biggest automaker surged by 90% in its last financial year but the company warned earnings may fall this fiscal year as benefits from the weaker yen begin to wear off. busy hour coming up. "after the bell" starts right now. liz: yeah. here we are. just saying no cme because we don't have the camera just yet. we sure have jason pride, glenmede director of investment strategy to tell investors how to hedge downside risk. we have january r john maxim from beak can capital management partner saying investors need a 21st century portfolio. i hope so. we're already in the 21st century, john. define that at a time we're seeing major volatility not just day-to-day but from hour-to-hour? >> well, i mean,

david: liz? liz: if apple-beats deal does go through, dr.e the first billionaire of hip-hop. he is a little short of it but if the continue -- business continues to do well, find out what multimillion-dollar prize dr. dre is thinking about buying to celebrate. that is next. david: does that look familiar? i think know what that movie is from. and we'll tell you which film and how many millions it is going for when we come back. ♪. peace of mind is important when you're running a successful business. so we provide it services you can rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next. is all ready the brand ofstate the year.d berkshire hathaway home services. good to know. sunny or bubbly? cozy or cool? "meow" or "woof"? wheels or wheeeels? everything exactly the way you want it ...

liz: thank you so much.year performance for the mid-cap value equity fund is up 12%, not bad. beating the s&p 500. we will see you next time. we have the closing bell five minutes away. we have seven minutes away a cisco getting ready to report earnings after the bell. we have cisco chair and ceo first on fox business interview. you do not want to miss what john chambers has to say about his earnings and his view of the greater economy. we're moving our company to new york state. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. ...i got lots of advice, but i needed informa

liz: yes, i was.ng where no artist has gone before, the ultimate moon project. we will tell you what it could look like. ♪ [ laughter ] smoke? nah, i'm good. [ male announcer ] celebrate every win with nicoderm cq, the unique patch with time release smartcontrol technology that helps prevent the urge to smoke all day long. help prevent your cravings with nicoderm cq. liz: let's go off the desk. swedish artists and scientists are collaborating to land a small red house on the moon, creating first ever art installation in space of the project wants spacex to deliver the house of the project is currently seeking $15 million by wayed crowd foundings. every dollar contributed will bring the project 82 feet closer to the moon of the moon house, will fold up into a shoe box sized package and unfold and self-assemble. david: rather by a renoir. also "off the desk," hungry? order a pizza delivered by drone. a pizza delivery in mumbai bypasses traffic by delivering pizza ten minutes flat. it was flown to a roof

liz: good afternoon, everybody. i am liz claman. a very busy day jampacked with corporate news spiking but also slamming several stocks. the broader stock averages appear to be little changed. straddling the nasdaq, the russell and the s&p 500. we are still on the precipice of yet another record. s&p 500 could still close at the could still score the third record close in a row. 1911.91. we are clearly above that by two points. that is the number to beat. the s&p has the straddling next line or much of day. casper's with hit in the record if they closed any higher than where they ended the session yesterday. look at them sheddin shutting a% right now. why? valiant has come back and sweetened its offer by nearly $4 billion to $49.4 billion. now while they're moving lower by two percentage, it is really getting hit here. who are the winners and losers? an odd move to see them lower given it is in play and the price just went up. making a spike of a move, beating down twitter after the wall street firm upgraded it from a neutral to a b

liz has another exclusive from omaha, nebraska. liz? liz: well as happy hour descends on omaha.re here in the hilton but we've got our own cocktail napkins. #ask liz. you have to send me one of these if you have a question for warren buffett. maybe we'll pick your question for our monday morning big interview, 9:30 a.m. eastern. coming up, the third largest reinsurance giant on the planet. it is general re and berkshire hathaway. he runs this behemoth. this is rare interview. he doesn't give a lot of them. we have him exclusively coming on the big buffett insurance. live from omaha. ♪ you make a great team. it's been that way sincthe day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enou

liz? liz: all the gluten-free we're still up.r apartments specifically has fueled quite a jump in housing starts for the month of april. the share of housing starts considering of five or more unit buildings hit 40% in april. by the way, folks, that is the highest level in more than 40 years. with the apartment vacancy rates at their lowest level since 2001 and rents are on the rise, are you getting it here, we're putting together a perfect storm that apartment live something extremely popular so how can you make money off it? where are apartment builders seeing most demand? we asked one top multifamily builder, camden properties we have the ceo and chairman. richard, good to see you. seems like things are looking good at your end of the world? >> thanks, liz. definitely the apartment business is good right now. it has been good for the last three or four years. looks like it will be good for quite a while. liz: what is going on? why the shift in the popularity? >> well, there are a couple of things going on, first the apartment

liz, over to you.ng up more of peter barnes exclusive conversation with new york fed president bill dudley. he will tell us whether he sees any bubble. is this is an important question. does he see bubbles in the market and if so, how to fix them. >>> seems like a broken record. general motors recalling another two million cars in the u.s. we've got all the details on which vehicles are impacted this time. stay tuned. we're moving our company to new york state. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. smoke? nah, i'm good. [ male announcer ] celebrate every w

liz: what do you think? >> i think so also in one thing i think i learned yesterday in addition to janet yellen being someone who encourages dissent, public dissent because baby in the interest of transparency i think i noticed yesterday that we will have to start thinking of mr. dudley as her surrogate. he's going to go out there basically say what janet would say if she were giving a speech and i think that was clear looking at what he said yesterday in what we saw the minutes today. liz: by the way, that usually is the role of the vice chair. they are very much a lock step with the chairman of the fed three great to see you both read a very spirited discussion and wonderful to see you. jerry is the former dallas of bed by spray is that it. and kevin your energy is always appreciated treated dow's session highs right now. unbelievable move here. the s&p just slightly off the high, but we have a rally in the closing bell and it's really just about 45 minutes away. please change your password now, that was t

liz: yeah.ple say what's the birth/death rate, liz, that's birth and death rate of companies, retention and destruction of companies. thanks for the clarification. while it is a sea of green for many companies' shares -- i think my dress did it. that's exactly what it is. [laughter] for many companies today, there are so many stocks that are, of course, in the red as we mentioned. look, what is getting hurt here? pharmaceutical companyings. but let's get to nicole petallides on the floor of the new york stock exchange. you were just hearing ben willis say the leaders of last week like the utilities not quite doing it today. >> that's right. and we've been watching social media, the banks, drugs, today is a sea of green. maybe your dress did do it. i want to take a look at allergan and valiant pharma. both are down about 1% at the moment, liz, and we're watching these two because allergan rejected valiant's bid, and it's an unsolicited bid. and they say it clearly undervalues their company. in ad

dave and liz? liz: i am claustrophobic. a manhattan apartment i can tell you that. liz: thank you, steve harrigan. david: new military project combining a truck and a helicopter takes off for the first time. we have details of this revolutionary technology. more video. this is fun stuff. coming right up. liz: plus nasa scientists stepping up their research into the possibility of establishing human colonies on mars. we're going to bring you that story next. ♪ up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. tigers, both of you. tigers? don't be modest. i see how you've been investing. setting long term goals. diversifying. dip! you got our attention. we did? of course. you're type e* well, i have been researching r

liz: i will ask him. >> that would be a good one.z: governor heineman, thank you for coming exclusively once again. seven years straight, melissa. governor dave heineman of nebraska. melissa: i hope you ask the question. i will watch on monday. great interview, liz. thank you so much. more coverage on weekend with warren ahead. in the next hour, growing up buffett. liz talks to warren buffett's three children and then you don't want to miss this. tune in on monday at 9:30 a.m. for liz's exclusive sit-down with warren buffett, bill gates and charlie monger. i will be there. it will be rivetting. i hope you join all of us. >>> it is kind of an american dream even hollywood couldn't make up. a bombshell report on one of baseball's biggest stars is forcing mlb to finally face the music and to a different kind of american dream, one of the cheese variety, sandwiches falling from the sky and how you can get your hand on them. i can not wait. "piles of money" coming right up latte or au lait? cozy or cool? "meow" or "woof"? exactly the way

liz claman is already in omaha, next nebraska, ahead of annual berkshire hathaway meeting. liz?ss has arrived in omaha that bringing with us three gigantic pallets of broadcast equipment so we can cover the shareholder meeting to beat all shareholder meetings. 40,000 people descend on omaha, nebraska, to come see the warren buffett berkshire hath show. every -- hathaway show. every hotel has been sold out, every restaurant is booked. let me show you the front desk at the hilton. there isn't a hotel room to be had from here to iowa. yeah, you have to go to iowa before you can find an empty hotel room. everything's booked solid. restaurants have been booked. here at the hilton, they've been booked for this shareholder weekend since last year. it's unbelievable. now, many of warren buffett's '70s '80s managers of all of his business stay at the hilton, and all day tomorrow fox business is live starting at 9 a.m. eastern right here from the hilton lobby with many of warren before fete's managers, berkshire investors. we have a fox business exclusive with governor of nebraska because

i will pay with liz's money. why every time timothy geithner to talk, you ask him the time he looks like he saw a car accident? he scared me every time he talks. melissa: you're right about that. >> woodland creature. >> absolutely. melissa: charging huge bucks for overdraft fees and critics slamming banks set up shop inside walmart and taking advantage of customers. the customers say the 30-dollar overdraft fee is way cheaper than pay day loan. they're writing checks, knowing they're bad. knowing they're making it to next day pay and only $30 for that makes a lot of sense and going on in all walmart banks that set up shop inside. >> what is really disturbing that the government decided there is sector of the financial system, people who do pay day loans, high interest loans who are just bad people abusing customers and even in the absence of any specific violations they're kind of pressuring this industry to change. and what you see is these things exist for a reason. customers want them. >> in other words, peop

jim. >> reporter: hi allen and liz. memorials are springing up as yet another american community are mourning victims of a massacre. were there warning signs in santa barbara? we will have continuing coverage right after kpix 5 news. ,, safeway gets that staying on budget can be a real bear. that's why they've got lots of ways to save. real big club card deals, the safeway app and gas rewards. this week, get a taste of summer with fresh sweet corn, 8 for just $2. grill up rancher's reserve ribeye steaks, only $6.99 a pound. and arrowhead water is just $3.33 a case. there's more savings to love... at safeway. newsroom. new at 6:00 tonight: he dodged the bullets. he saw the shooter. more of exclusive interview, with a area survivor - of the santa barbara killing spree. plus: teachers saying children we throwing up while taking anm some call it child abuse. why some students are getting so sick... taking a test. allen and liz. thanks ken. >>> i'm ken bastida in the kpix 5 news room. >>> . new at 66:00, he dodged the built.

finally liz begins to come around. liz? you okay? [ inaudible ] th >> you overdosed. can you sit up? >> my goodness. i can tell you that after being revived liz made it to rehab and when we last checked in on her, she was doing well. as you saw, liz was saved by friends but the idea is to get this medicine into the hands of as many as soon as possible. not just new york city. rhode island police began carrying this drug a month ago and state trooper james deangelo has already put it to good use. trooper, welcome. >> thank you for having me. >> so from what i understand, you were actually the first person in your force to administer know lox own. what was that like? what happened? >> that's correct. it was a wonderful experience. this past memorial day around 11:00 in this morning i had the occasion of observing a local police officer on a motor vehicle stop at which time i went to assist him with that stop to make sure he was okay, if he need any assistance, at which time he mentionhood e had a passenger in the vehicle which he had stopped which was unresponsive. i at

liz: listen. i think jonathan is right.ou kept that punch to the gut get wiped out, they don't have a 401(k) balance. they are seeing their parents grew up. that is the wake-up call. liz: hang on a second. >> they wanted from time to time. what you find with people like this had everything handed to them, their work ethic is lacking and they lack humility, there's an arrogance to them and a bad attitude to take through life in any profession. melissa: thanks to all 3 of you. from hard knocks to big bucks, serious cash changing hands form this video which begs the question is nothing private anymore? we have our doubts. at an end of the day it is all about cashing in on stuff like this. if ...hey breathing's hard... know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for

tracy: still to come, liz claman tracy: still to come, liz claman is in omaha, nebraska, speaking [ chainsaw humans. sometimes, life trips us up. sometimes, we trip ourselves up. and although the mistakes may seem to just keep coming at you, so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... to speak with an insurance expert and ask about all the personalized savings available for when you get married, move into a new house, or add a car to your policy. personalized coverage and savings -- all the things humans need to make our world a little less imperfect. call... and ask about all the ways you could save. liberty mutual insurance -- responsibility. what's your policy? tracy: this week in the center the universe moved to omaha, nebraska, for warren buffett holds the berkshire hathaway meeting. liz claman live in the center of the action spoke to the oracle himself. with: i know you are wine drinker. i have a power and a prosper cocktail. we're having a meet and g

liz claman talks exclusively to warren buffett and his family.ere what he is saying about his successor. you don't want to miss it because it is short and sweet. and a new lawsuit slamming the brakes on the shuttle buses. but is it legal? illegal panel debating tracy: we are back with another hot topic. totally heating up the web. the new lawsuit says google shuttle buses should be kicked to the curb because they are bringing in too many rich people in the city. are you kidding me? the court is now in session. so, on backgrounds, these buses supplied by google that pick up all the employees, i'm sure there are drinks and movies, they bring everyone to kansas and all they're paying right now is a dollar and the city says you should pay us a heck of a lot more because you are using our roads, bus stops and bringing all of these ri people, we cannot afford it anymore. do they have a case? >> yes, i think they do. the issue is not so much the paying of the dollar, these are areas where people would not be commuting down to silicon valley to google or

warren buffett and liz claman coming up. don't go anywhere. i ys say be thman with the plan but with less ergy, moodiness, i had to do something. i saw mdoctor. a blood test showed it was low testosterone, not age. we talked about axiron the onlynderarm low t treaent that can restore t vels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especlly those who are or who may become pregnant, and children should avoidt where axirons applied as unexpected signs of puberty in children or changes in body hair or incased acne in women may occur. report these symptoms to your doctor. tell your doctorbout all medical conditions and medications. serious side effects could include increased sk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increase

>> reporter: high allen, and liz -- hi, allen and liz. great to be with you in the bay area.e going to start the broadcast tonight down on the fireline in southern california as those wildfires tear through neighborhoods. thousands have been forced to flee as firefighters attack. plus, we are going to take you to america's new national museum standing on the ground of 9/11. those stories tonight on the western edition of the "cbs evening news" at 5:30 right after kpix 5 news. ,,,,,,,,,,,,,,,,,,,, the new problem with the ean span of th >>> i'm ken bastida in the kpix 5 newsroom. new at 6:00 tonight the new problem with the eastern span of the bay bridge and how it raises some serious questions about its stability during an earthquake. and a bay area congressman calling for high-tech upgrades to protect our airports. tonight, a bay area startup says it has that technology to prevent another stowaway from breaching airport security. allen and liz, tonight we'll show you how that technology works. >> good deal. love the technology. all right, ken. see you in 30 minutes. thanks f

talking of course about liz claman.nside scoop what warren buffett was saying all weekend much more details coming up. what are they talking about? ♪ peace of mind is important when you're running a successful business. so we provide it services you can rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next. cheryl: so it is not easy getting to warren buffett as you can see there in the video at the berkshire hathaway annual shareholder meeting. you have thousands of people flocking to the "oracle of omaha." they want to pick his brain and talk to him. liz claman at heart of the action. side by side with mr. buffett throughout the entire meeting. david: liz asking questions with hottest topics starting startinh activist shareholders. take a look. >> i say terrific.

liz claman gives us an inside peek., don't go anywhere. [ laughter ] smoke? nah, i'm good. [ male announcer ] celebrate every win with nicoderm cq, the unique patch with time release smartcontrol technology that helps prevent the urge to smoke all day long. help prevent your cravings with nicoderm cq. tracy: still to come, liz claman is in omaha, nebraska, speaking tracy: this week in the center the universe moved to omaha, nebraska, for warren buffett holds the berkshire hathaway meeting. liz claman live in the center of the action spoke to the oracle himself. with: i know you are wine drinker. i have a power and a prosper cocktail. we're having a meet and greet for any fox business fan. get in there. this is bourbon and honey syrup. anybody who wants to can ask warren buffett a question through me. we have been so busy, we were shooting video all over omaha, last night we caught up with warren buffett and his three grown children. they have never done an interview altogether. fox business was able to do the first to d

liz claman talks exclusively to warren buffett and his family.sor. you don't want to miss it because it is short and sweet. and a new lawsuit slamming the brakes on the shuttle buses. but is it legal? but is it legal? illegal panel debating [ laughter ] smoke? nah, i'm good. [ male announcer ] celebrate every win with nicoderm cq, the unique patch with time release smartcontrol technology that helps prevent the urge to smoke all day long. help prevent your cravings with nicoderm cq. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ ♪imagine no possessions ♪i wonder if you can ♪no need for greed or hunger ♪a brotherhood of man ♪imagine all the people ♪sharing all the world ♪you ♪you may say i'm a dreamer ♪but i'm not the only one ♪i hope someday you'll join us ♪and the world will live as one♪ tracy: we are back with another hot topic. totally heating up the web. t

liz macdonald is with me. >> this is a growing problem.dramatically. what happened was this supermarket owner basically was depositing cash. the supermarket transacting in cash. this is scary. he deposits some money and didn't get audited. the irs saw these repeated deposits and figured he may be involved in money-laundering, criminal activities like drug dealers do so usually when you are a small business owner you know the rule is if it is above 10,000 your cash deposit you got to file the report. suddenly the irs will endure bank accounts, as they were not even -- they didn't even know about this until the bank account was empty. stuart: they didn't ask him. they didn't say what are you up to? this looks suspicious. they didn't say that, didn't approach him. nothing. liz: we have the federal government that spends $3 trillion with limited resources now being predatory, not understanding the irs how small businesses conduct their operations. gas station owners, you name it. you have an irs that doesn't know what it is doing going after s

it's becoming more bitter and much more public. >> pelley: liz palmener london, thank you, liz.? you be the judge. next. jake and i have been best friends for years. one of our favorite things to do is going to the dog park together. sometimes my copd makes it hard to breathe. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. come on, boy! [ female announcer ] symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort contains formoterol. medicines like formoterol increase the risk of death from asthma problems. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. [ man ] now symbicort significantly improves my lung function, starting within 5 minutes. and that makes a difference in my breathing. today, i'm hanging out with m