liz. liz. liz. liz lemon. live. mission free critique a should be free. for charges free. agent three. three. free. download free broadcast quality video for your media projects free media. dot com. seals are born to right on the ice fields of the white sea. throughout the twentieth century the poles were hunted for their snow white furs. russia imposed a ban on this trade and hunters have since been replaced by tourists but stay safe forever. saving seals on our teeth. we speak your language. news programs and documentaries in spanish. to you breaking news a little tonnage of angles kidneys stories. you hear. the spanish. visit i. told him. i. could speak. a. good book. lol. there a little. close . for us clashes agreed sagging of violence trying to solve and police the reds despite a government apology over the harsh crackdown on domestic media is accused of turning a blind eye. u.s. lawmakers voted to keep the gun tanabe prison open indefinitely undermining president obama's promise to lift the transfer restrictions for some detainees. on social media posts a result in our read the

liz. liz. liz please please liz liz . wealthy british style size. that's not on. markets finance scandals find out what's really happening to the global economy with max kaiser for a no holds barred look at the global financial headlines tune into kinds a report on our cheek. i would rather ask questions for people in positions of power instead of speak on their behalf and that's why you can find my show larry king now right here on r.t. question more. the u.s. is set to provide military aid to the syrian rebels of the. use of chemical weapons. and the turkish government stepping up the pressure on protesters. issues his final ultimatum. iranians go to the polls to choose the new leader we look at the. office. of president.

liz. liz: it's the free market, i suppose. >> reporter: right. lizt the government numbers which they guard very closely with all kinds of embargoes. so it's like paying extra for box seats as a yankees' game versus bleacher seats. money talks. >> absolutely. liz: thank you both very much. for the first time in walmart be history, the retail giant is hiring temporary employees outside of the holiday season. reuters put together a survey looking at 52 walmart stores hiring in the t past month, and here's what the survey found: 27 stores are hiring only temporary workers, 20 are hiring full, part-time and temp employees, and five are not hiring at all. i suppose this is regional depending on the demand, but the temporary employees generally sign on with 180-day contract. now, walmart says the new temporary hiring policy is just to make sure it has enough staff during the busiest hours which tend to be weeknights and weekends, but some analysts speculate the move is a hedge against health care costs for full-time employees. this year 10% of walmart's u.

liz: sales are flat, appointmenting that out as well. thank you. >> thank you, liz. lizd. we have 47 minutes before the closing bell rings losing more than 150 points of the gains today for the dow jones industrials. we areeup 191. jpmorgan taking a step towards greater transparency. we'll tell you what it's promising to report on a daily basis and where you can find that report. plus, airplane leaaing company, air castle, has the largest air carriers as its customers. this, of course, as the paris auto show unfold head lynns. where the ceo sees strength in the industry and why skip out on the paris air show this year. ♪ my mantra? always go the extra le. toat my low testosterone, i dimy research. my doctoand i went with axiron, e only underarm low t treatment. axiron can restore t levels to normal in about 2eeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast ncer. women, especially those who arorho may become pregnant and children should avoid contact where axiron is applied as uneected signs of puberty in children o

liz. liz: craig joyce from -- craig weiss, from njoy. david: good idea but if you didn't start to smoke to begin with you wouldn't worry about any of this. >>> u.s. arms makers are seeing a rise in demand from their products. we'll look at the companies that are profiting from all of this. lizlectric car owners finally be able to take a long trip without recharging or worrying where am i going to recharge next? >> we've got the answer when we take it "off the desk," straight ahead. ♪ # [ male announcer ] need help keeping your digestive balance in nc? try align. it's the number one recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. david: u.s. defense companies are seeing a rise in foreign demand for fighter jets and missile defense systems as other countries modernize their armed forces. >> who is seeing a big bounce from this increased demand? jo ling kent is looking into this one. hi, jo. >> hi, liz and david. u.s. defense contractors definitely are seeing a spike in foreign demand as we face tighter budgets here at home and other countries ramp up and modernize their forces. at paris show they said, arms sales to international buyers have doubled over past few years and further increases are expected. contractors must get defen

liz: you have to have a front facing camera. it is on other side on my phone. >> most androids have a front-facing camera. >> app will flip it automatically? >> yes. liz: genius. i like that. >> it works out well. lizu about something slightly different. the nsa scandal such as it is, such we know bit, there is lot of contention between google and facebook and other internet providers as whether they let the nsa in full steam, full bore into the pipeline. they say say no the a lost people think once an organization like the nsa gets their nose under the tent they can go anywhere they want. is that true or not? >> i can't speak to specific on that issue. facebook and google care a lot about private system i think there is a good public discussion what is the appropriate amount of information. david: as a technology geek which is what you are, you don't know whether or not the nsa would be able to get in, if they're in just a little bit would they be able to per use the whole system? >> with any sort of security% system there are holes in it. whether or not the nsa engaged in attacks against companies in the u.s. i can't say. i think it would be highly unlikely for them to do that. liz: well lookout

please liz liz . washington defends its three piece of millions of internet users i have a seven a yes a saying it only spied on foreign as outside the country. america and china are ready for a new formal meeting in california amid finger pointing over signed by tags and flaring tensions over washington's military buildup in china's backyard. and a president putin is about to become especially single off the he and his wife announced their marriage as a and what they called an amicable split. being together.

liz: thank you so much. thank you. >> thank you, liz. liz: guess what is back from the dead. t the zombies from "world war z," drinkies! yeah, i -- twinkies, yeah yea, g up, don't go away. liz: i'm happy about this new development, a twinkie homecoming, a movie theater in your home, i am talking about ing about the twinkie story, jonathan hoenig, scott martin for biz blitz, twinkie making its return. hostess selling the recipe. is it better off without a union worker making it. >> it is, twinkies have been losing money for years now. but you have to guess emack this may not be that tasty of an ending for twinkie. you look at twinkie in marketplace versus more organic healthier options, i don't know anyone that bought a twinkie or a snowball. >> i did, i did. >> without a mask on. >> i don't care, i love it. i love twinkies, and. >> i want a picture. liz: we have zingers coming back, and ho-hos coming back, bing dong -- ding dongs. >> well, they are americann@ classics, happy they are back, but unfortunately it was unions that was keeping them down, in a free market there are a

liz: up such a pro. adam: fast talker. liz: can't decide if you should invest in stocks, bonds, derivatives. adam: plastics. liznow? how about swinging the gavel at an auction house. not any old auction house. adam: our next guest is in the business of buying and selling rare and quirksy secondhand items that can bring you big returns. paul brown, owner of gallery 63 and star of the discovery channel's auction kings. every auction house has a picker but how do you find the gem in the rough? >> sometimes things just come to you out there in the world. there is a million wonderful things to buy and sell that are not stocks and bonds and properties and commodities. just interesting collectibles. that is what we do for a living. liz: you deal with very interesting pieces, to sell and many of them are secondhand, many of them are quirky. before we show some of them because we have a whole unabout much we want to show the viewers how do you get the psychology going? how do you get people, a, excited about something a little offbeat. what is a snooker table? and b, how do you get enough people generating some electric

liz: thank you so muc thank you. >> thank you, liz. liz: guess what is back from the ad. the zombies fro"world war z," drinkies! [ larry ] youw throughout history, folks have suffer from frequent heartburn but now, thanks to treating wi plosec otc, we don't have to suffer like they used to. [ bell dings ] ♪ [ horse whinnies ] getting heartburn and thn treating day after day is a thing of the past. block tcid with prilosec otc, and don't get heartburn in the firstlace. we've surcome a long way. ♪ [ le announcer ] one pill each morning. 24 hours. zero heartburn. if you have high cholesterol, here's some information that may be worth looking into. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. getting to goal is important, especially if you have high cholesterol plus any of these risk factors because you could be at increased risk f plaque buildup in your arteries over time. and that's why when diet exercise alone aren't enough to lower cholesterol i prescribe crestor. [ female announr ] crestor is not right fo

all-time high, just shy of 1,000, liz. liz: the biggest percentage gainer.es. it raised its stake in sony adding more fuel to the campaign on behalf of third point to persuade the company to spin off its entertainment division. sony said it will review the

liz claman live in the u.s. cable ssow inside the beltway. liz? lizdavid, if you had to guess whose booth this is at the cable show, could you? believe it or noo, this is the disney network's and espn. i don't know why it's like a house with noosignage, but the fact is you want to tee -- tivo. coming up, tom rogers, president and ceo of tivo. they had a big settlement, disappointed the marketings. we'll talk about that and talk about tim tebow, the spokesperson with another job as the patriot's quarterback. all that and more, tom rogers coming up live from cable 13. ♪ [ male announcer] surprise -- you're having triplets. [ babies crying ] surprise -- your hse was built on an ancient burial gund. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now yocaget all thonline tradg tools you need without any surprise fees. ♪ it's not rocket science. it'sust common sense. from td d ameritrade it'sust common sense. at od, whatever business you're in, that the business we're in. with premium serce li

liz: joshua facebook wrote in to say gold. there is in a bubble in gold. system down in price. david: quite a bit. it. liz price index, the cpi. economists are respecting prices to rise by about two tenths of a percent, rise from last month's reading of-0. david: the number one thing to watch tomorrow is going to be the may housing starts. economists are expecting them to rise by 11%. april, notably disappointed plunging more than 16%. david: thank you for joining yes. melissa: i'm melissa francis command here is what is "money" tonight. moonlighting has never played so well. and it's a thousand dollars for private consulting. working from assam. former senator scott brown talks about the power of "money". next time you buy a fake bag you could end up in the big house. in new york city bill with no knockout punch at knockoff goods. but will they suffer? intimate "money" today? they're making a deal that has hollywood's mouthwatering. they tend to find out who it is. even when they say it's not, it's always about "money." ♪

liz. liz. cliff. let's say it's life and i. live i've. i've lived. i've lead. you live. highway bill some the bones of its make its the winds through one of the wildest and most beautiful regions of russia a place that's home to less than a million people and to keep this the great frosts. join me james brown as i travel to the coldest inhabited place in the world. and meet some of the toughest people i'm told this time amidst all the planets. just make sure that you keep your eyes on the road well for our heart. race to the poll of polls only oh no it's three. choose your language. of choice because you know if the federal front today still some of. us choose this is the consensus i can. choose to opinions that immigrate to. choose the stories that entire life choose to access to often. it's. just just. it's.

liz: what were they yelling? i'm sorry, i want to know? david: darryl strawberry. liz: you can't say. >> i can't say what they were yelling. it was a little aggressive for tv. liz: it was a barnyard epithet as they say in chicago. go blawkhawks. i know they weren't saying blawkhawks. they should be. thank you, phil. thank you david. david: friday you have to have some fun. come back to you when the s&p futures close. liz: don't say he didn't warn you. this week's volatility has sent many confused in a bit of a panic. one investor has been ready for it. and is telling investors to embrace it. bill fleckenstein of fleckenstein capital said this selloff presented investors with, quote, the most exciting investment opportunity in decades. what does is it specifically? he will tell us next. david: also interest rates as we've been telling you continuing to rise with 10-year yield hitting the highest level since 2011. 2.5 plus. we have your playbook for hedging your investing in a rising rate world. how do you do it? there are some companies that are poised to benefit from a rate rise. we'll give you some of those names and we want to hear from you. do you see any st

live please liz liz . preparations for the first woman cause when it was strictly classified. even her own mother knew nothing of the imminent extraterrestrial voyage. which there was a terrifying and unexpected emergency. one wrong move on to secretly never returned . she laid some of the regulars lea survived an assassination attempt. to find my side of the car nine bullets were found on the my seat. sego in space. riot police lashed out at protesters in turkey again after the prime minister orders an end and arrest within twenty four hours this is a fifth person is going to firm to have died in the hospital. spying on the e.u. european nations anger after finding out u.s. secret surveillance program was monitoring them as well the n.s.a. defending itself saying it was preventing terrorism. union stage a mass strike in greece in protest at the shutdown of a state broadcaster as part of a cost cutting program only there is no one to air the report locally.

liz: the ceo of liberty global, thank you very much. >> my pleasure. liz: what did you major? there's a story on the best majors. >> i was in economics and political philosophy. lizd. mike, thank you so much. we went to kinder gart p back together in the day. nice to see him doing well. speaking of wireless, speaking of mobile, this play for sprint, soft bank sweetened the deal. we have an analyst who says which side is better for it. soft bank, is it dish? neither? all that and more coming up live from the florida of ncaa cable show's 2013. stay tuned. ♪ we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the offial retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these ars. ♪ liz: welcome back, everybody. well, a stope lower here, dough jones 115 points, red on the screen. so much for making a go of it. we have the s&p lower by 16 full points. i get to watch myself on camera. that's cool. this is a fox business booth here, a lot of people are c

to today's markets let's go tok liz claman live in washington for a look at her interview with imf managing directors christine la barred. liz? liz: we came to washington, d.c. we landed a first on fox business exclusive interview the manager of the international monetary fund on the day they released this. this is their 2013 final estimate what they expect for the economy this year. one. most important points that jumped out at me, in the past they said the see questions test, those automatic spending cuts that kicked in earlier this year, that needed to be replaced of the that is the word they used. now they say it in this report it need to be repealed? why? madam la guard believes the cuts are way too vestful and dramatic. because of them stronger headwind to consumer demand over the next few quarters. listen to how she articulates it. >> when we forecasted 3% we had assumed that sequestration will gradually be removed and reformatted more intelligently. >> all right. we haven'' seen that yet. >> we haven't seen that. we fear we're not going to see it in the near term. which is why we believe sequestration will actually impact

liz: what do you think of master limited partnerships? opinion.not really have an liz: energy. >> i think the price of oil is coming down. i'm not positive. liz may hit $70 per barrel. >> well, that was what i thought at the beginning of the year. the key thing is i think the price of oil is coming down. liz: an amended price target. >> i just think it is coming down because of production is up, imports are down. a lot of oil out there. as long as we can extract it from rock at thiik that the price will go lower. liz: a tough time to be in the market because you want to be in, but you are worried. >> the market is already giving you a full year's performance, and rare only into the beginning of june. unrealistic to think the market can continue to go up but the rate it has. bound to be a correction. earnings problems. you have the economy slowing, all of the economies around the world slowing. demand for u.s. products is slowing. so in my view it is time to be cautious. liz: time to be cautious. still likes certain levels and areas of it. thank you very much for joining us. >> thank you for having me. liz: blackstone advisory partners vice ch

live please liz liz . you mean speak your language. programs and documentaries in arabic it's all here on all t.v. reporting from the world talks about six of the ip interviews intriguing stories are you. been trying. to find out more visit all teeth dog called. they all told me my language as well but i will only react to situations i have read the reports and let you know what is the know i will leave them to stay current a comment on your latter point of the month to say ok if mr k.l.a. car is on the docket delgado. ok no more weasel words. when you they had a direct question me prepared for a change when you throw a punch be ready for a battle freedom of speech means little down to freedom to question. that's the. good. kind of apparently. few. to gas into a key is trade unions join the nationwide protests against what they call state tara by the regime and on its claim to lines with the latest killing being blamed on the police. washington says. f. sixteen fighters to jordan for exercises and they base and they're off to it's just

liz lemon. [liz laughs]

liz: -- >> please explain to me the dividend yield. liz: about 3%. how many things to you on? especially company that has the smartest people in the room, in the world working in its base. >> they may succeed. liz might. thank you. it's great to see you. mike holland. closing bell ringing in 38 minutes. we are headed to the farm. stray from manhattan. these zero guys are worth more than just a pretty face title. they could be your next big moneymaker. don't roll your eyes. we are talking to the alpaca farm owners about breaking into the alpaca business. stick around as we look at this offbeat investment on offbeat investment day. and the most unusual thing you have made money on? i don't even want to know. we will have your answers later on in the show. don't forget-tank. : traveling you definitely end up meeting a lot more people but a friend under water is something completely different. i met a turtle friend today so, you don't get that very ofte it seemed li it was more than happy to have us in his home. so beautiful. avo: more travel. more options. more personal. whatever you're looking for expedia has more ways to help you find yours. [ female announcer ] some people like to pretend a flo

liz: botox. he's going, everybody. >> reporter: already there. liz: in your very sweet. liz: thank you. t people describe u.s. sixteen minutes before the closing bell. chinese markets, yes, they did tank after central bankers threatens no more free money. throwing the rest of the world's markets into a flurry. we take a look at the chinese impact overall. pretty significant next on your investment. ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thi. but even though we're living lger, onehing that hasn't changed much he official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ ♪ liz: breaking news. we do have an official message coming in from the u.s. treasury department. in essence, also coming out. the secretary on what is happening with the irs commissioner. here is what we can tell you. they are saying that there is no evidence of inten

liz: author anderson is no longer in business. >> formally a big accounting firm, lost the license on the conviction, but ultimately cleared. liz: please come back and let us know howwmuch you know in redemption. >> i will, maybe lairts on today. lizank you very much, charlie. get to the issue of -- would you drive a self-driving car? i can barely drive a car. i'm a good driver, a new york driver by the way. liz: this, no, the thing with the thing, self-driving cars causing worries. wait until you hear the worries. 40% of respondents don't believe these cars will improve safety, but the biggest worry of all is @%t that it would go nuts and start driving into traffic, but privacy of all things, privacy? 75% expressed concerns about the car collecting personal data as in where you are going. plus, 81% see hacking as a potential threat. suddenly, you are trying to go to the center in l.a. and you end up in dleefd or something. >> that's not going to happen. liz: companies developing are mapping to develop self--- >> yows can't stop them? liz: of course you can, but self-driving cars, companies are trying to do this. google, gm, toyota, tesla also. we want to hear from you. what scares you about a self-driving car? tweet me @lizclaman

liz: the sequester, that was a non-event as it pertained to the market. >> sequestration and the tax impact was built into the first half of the year, and i'm expecting better growth. liz: is there a shoe to drop? >> there is always issued to drop. i don't think you can worry about that. consumer confidence is as high as it has ever been, except for a pre 1999. liznted we are hitting what some people call significant floors are levels, but you look at that and say, fine, people have done well. let's specifically talk about your high-net worth clients. what are some of the best investments he made, the risks she took that really paid off? >> some of the things that have done great have been small to mid cap u.s. stocks. clean water, biotech has done really, really well. certain non publicly traded and israel even as an example has been a great place. liz: right. the tel aviv stock exchange, individual companies or the stock exchanges of? >> the exchange and specific either etf or mutual funds, but that technology is rocking. so risk in the area. but lots and lots. liz: can you imagine what they could do without the specter of war constantly hovering over them? warren buffett always says that the smartest people he had never met or injury and israel. let's talk about the new trends. clean water companies. suddenly wealthy investors want to invest

liz: what was the last documented jettisoned, kick off the fun? >> it was on medical input company called striker. seldom in december. liz: okay. it did not meet the metrics. >> it was not performing for a business perspective. still actually in the universe if it gets back to the business performance will like it could be back in the fund. lizen the door again. you will tell about to to let them back and. >> may be so. liz: good to see you. jensen quality growth fund, portfolio manager. minutes. if madison square garden is in the middle of it. actually, the last third of its billion dollar makeover. after the break i am going to take you inside the first business network, the first sports news network to take you inside for phase iii with president and ceo hank ratner. a fox business exclusive. transformation that even though it is not that is already paying off. new england patriots tight end eric hernandez has now been dropped from the team and charged with murder. five weapons violations. everyone is asking what that means for the newly signed quarterback you just joined? will he go from quarterback to tight end? back in january the consumer electronics show in vegas after he had just been released, i asked the nfl star and spokesperson where he thought he would end up and here's what he said back then. >> am excited to

liz: that is where money flows. >> the comcast extra channels, et cetera. households will be formed and the pent-up demand that is out there will get used at cabella's, disney or comcast. liz: we're going to put your pick up on our facebook.com/after the bell page, bill. thanks for leading us through why you feel the way you do about names to avoided. thanks so much. >> thank you. lizll smead, of smead capital investment. ashley: we talk about the fed stopping bond buying program every day. it continues to heat up. when could printing presses come to a halt? one of the fed's most influential members, dennis lockhart sits down with an exclusive interview with our very own peter barnes. liz: 3-d printing, we've been on the story here at fox business. it is dominating a lot of business headlines. it promises revolutionize manufacturing with limitless applications. has it reached the hype point and what does that mean? should you worry? we'll tell you what you really need to know about the future of this technology with an insider, someone who stand to profit from it but is sounding alarm bells. autodesk ceo carl bass, is a fox business exclusive. ♪ she knows you like no one else. and you wouldn't have it anyther way. but yo erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps yobe ready anytime the moment's righ

liz please plug because. liz. live. over who was best prepared to be the first woman in space continued up until mid may nine hundred sixty three. led the group supporting titus cover and was later joined by your ego got in. on may twenty first nine hundred sixty three the training center welcomes the state committee. and there we were sitting at a long table that was covered with a red brick in one of the rooms at the training center we had already been given the rank of a junior lieutenant so we were sitting there by the wall in our new uniforms shivering with anticipation that. chief engineers. could see that everyone had already guessed the final decision and he addressed by nobody over. my comrade kind of money would you be offended and i said yes i would i'd be very upset and he said oh that's right i would be too but he said he'll all go into a. sadly that did not come true the first woman's team. made it into space. others spend several years in training until finally they heard the verdict one hundred sixty nin

liz: we want to point out that the flow that is being shorted, about 13% for this name, so there are some short circling like sharks. >> we will see who is right. liz: that's fine. i like that. talking smack. thank you very much. lizvestment managing director and portfolio manager. we have 27 minutes before the closing bell rings. one hedge fund manager is taking on all lot of water as his all weather fund appears to be a little leaky. yes, we could not let down our cme trader. yes, the chicago black hawks take home the stanley cup. listen, aid is not like they were the underdogs. they're second championship. as we head to the break, take us some of the highest-paid nhl players. they deserve it says this hockey fan. ♪ ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ atic warbles ] ♪ liz: yes, we know that other nhl players who were not in the playoffs are higher played -- paid. but let's look right now at the markets. the dow jones industrials the map. three names moving lower, united healthcare, m

liz: very firm ideas of whether we will see a bubble pop or not. thank you both very much for joining us. >> thank you. david: trillions of dollars invested in that debate. liz: way more than the equities market. for which the boat of the equity market roles. david: california on the risk of on the brink worse off than previously thought and it could mean huge cuts in amenities and possible taxpayer bailout. fox business special report you don't want to miss coming up. lizo have lunch with yahoo ceo melissa meyer? pick her brain over little salad and a sandwich. david: we have some breaking news from inside the beltway. peter barnes is on the story. >> the deputy director of tte cia has resigned after 30 plus years at the cia. he stepped in as th acting direr of the cia after the affair scandal broke. and then held that position until john brennan, the president's top terrorism advisor fro for the white housek over at the cia, so now saying he will retire, wants to spend more time with his family and is being replaced as the deputy by another obama aide. currently deputy assistant to the president and legal advisor at the national security council obviously worked closely at the white house now going over to the deputy director of the cia. david: like an onion. we will wait and see what they are. it is time for a quick speed read. five stories in one minute. first up walgreens will pay $80 million for failing to control the sale of narcotic painkillers.

liz: of course. >> to was that song she sang? liz: that i know. >> that's what he's saying to everybody. talking to friends. the deadline emerging for possible insider trading charges . that deadline comes in july. asking friends, what is it like? what is he saying? was he telling you? obviously weeks away. something's going to happen. nothing happens or something else, that could be criminal charges against either him. they're saying he's taking a fairly philosophic approach. one guy asked, what do you think? in the came back and said -- he didn't quite say it. he said -- legacy translated it. whenever will be will be is what he's basically telling his friends. what we do know is that in these weeks -- remember, after the sec charges and they settled it, he started going to our shows. he was out there buying art and buying new homes. making a splash in the newspapers. o we are seeing now from one year from france is a very concerted effort to clamp down and the not enticing the feds in any way. keeping a low profile. homeland a standees taking a much more philosophical approach. a thing from the charges to a serious criminal charge. anyway, that have been no will will be will be. lizokay. i didn't know what value are talking about. [laughter] liz: i'm sure somebody will tweet you what it means. thank you very much. see you next time. closing bell ringing in about 19 minutes. a lagging performance for black rock equity division could mean every baena -- revamp is ahead. new details of how the world's largest money manager is responding as its fund performance lags. blessed a millet's retailers. in particular one brand is giving us his top retell peck. plus, why he thinks that the imf 2014 gdp estimate. ♪ i'm a consertive investor. i invest in what i know. i turned 65 last week. i'm gettg married. planning a life. there are risks, sure. but, there''no reward without it. i want to prepared for the ng haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar count ishares. income. dividends. bos. i like bonds. ishares. commodities. diversication. choices. my own ideas. ishare i

liz: welcome everyone, im liz macdald in for neil cavuto tonight. u.s. i leaking weak.t china can protect its civil liberties that is a laugh and a half.

liz: okay. worrisome. >> literally people had money in the bank moving to these fund. they have been in heaven for three years but it is the reach. we saw the same thunk in 2007. liz: what would spook the herd to shift course? >> what we've seen the last two weeks, wall street, the volatility of bonds is really up say, 2, 300% from normal levels. liztalking treasurys, high yield bonds. >> high yield bonds the volatility of all bonds is at much higher levels than it has been in a long time. people watching this experiences on the statements they will start to get statements from the last couple weeks. they will see these, wow, moves that could create a panic for the exits. the problem when they do start to leave, i'm worried, can't let them out in orderly fashion. ashley: where should investors put their money, larry? >> anything that is not interest rate sensitive. i would do the opposite. think about on a cruise ship. say everybody is on one side of the cruise ship, you want to go to the other side. you think about, tech. tech has been underperforming the income chasers. so tech is a good spot. and adjustable-rate funds that are floating rate, you pay not get such a high yield, if rates go up you will not get hurt as much as if you stuffed into one of the higher yielding product. >> larry, good to see you. larry mcdonald, survivo

liz: wait until you see gold and silver. take a look at your front page headlines. gross domestic that it rose by 1.8% in the first quarter. that is down from the prior estimate. >> liz was just talking about microsoft. microsoft releasing microsoft 8.1. the full version will be released later this year. the new version reinstates the start button. liz: discovery plans to offer a streaming service to consumers that would charge cable subscribers an extra six-eight dollars a month. the project is still two-five years away. >> interest rates began to rise. the lowest levels since november november 2011. liz: the owners of the empire state building have received another on this -- unsolicited offer. >> the supreme court delivered a landmark that forgave rights. it struck down proposition eight in california affectively clearing a path for gay marriage to resume in that state. after the bell starts right now. ♪ let's get right to today's action. a positive day in the market. we have marked new gentoo is warning of more downside volatility. todd is in the pits of this cme. that, let's get to you. the market got ahead of the fed. they will not be doing any kind of selling off the near-term. >> the market had about a 9% selloff. it came down to 15, 16. the volume is very light here. there is not a lot of excitement. for a market that is up

liz: welcome everyone, i am liz macdonald in for neil cavuto tonight. u.s. is leaking weak. you, china, idea that china can protect its civil liberties, that is a laugh and a

the sooner says liz liz in is not to the more likely to produce substantial long-term savings of less potential disruption for beneficiaries. thank you. >> thank you. >> i appreciate the opportunity to appear before you today. my colleague has already covered the trustees latest projections and basic operations of medicare, and i am going test for a a bit in part in response to the op-ed that was in last week's "washington post" about the credibility of medicare's long-term projections. what i was going to talk about is the implications that the slowdown in overall health care spending will have or could have on the medicare program future financial situation. as you know, both medicare beneficiaries spending and private sector per-capita spending has slowed considerably over last few years. the latest trustees' report projected that the year in which the trust fund will be depleted has been pushed out two years from 2020 for until 2026 which is good news but does not suggest that the cost curve has been banned in a sustainable way and we can relax. even though i count myself among th

liz claman takes us through the last hour. ford motor company is on austria's now setting sites on the world's largest market. alan allow lee joins liz claman with a first of fox business. coming up. ♪ lize pedal to the metal as the stock fly side, up nearly 50 percent of the past year. but as first on fox business, president and ceo of ford on why he is lazar focused on china and thinks japan'sscurrency valuing is about to go down and what ford is doing to get you in their driver's seat in the u.s. the etf craze. record numbers of new investors, doubling of the last five years. does the smell like a bubble? it will last of the nation's largest etf providers. a fox business exclusive. and feel like your work days keep getting longer, but your paycheck is not keeping up? we have some great news for you. we will find you the extra time to hear all about it. "countdown to the closing bell" starts right now. ♪ liz: good afternoon, everybody. i'm liz claman. it is the last hour of trading, and we are witnessing a rather stunning comeback right now in the dow jones industrials after being down 250 points earlier. the s&p also getting crunched, down 32 points. look at the tape right now, what

liz: 31 countries including greece and spain. liz: that is a macro trend. cheryl: you're in the middle of two strong opinionated women right now, about that. came out with an economic report that there will be performing, japan and the united states, we are going to be leading the global economic recovery. >> and won't denied that. i have not seen the report, cannot comment on it but they dropped interest rates basically to nothing and the world economy still can't move. we are in a deflating economy. they tried everything they can to pump money into the system. japan's experiment never worked and we can clearly see the volatility in the stock market, put your seat belts on, this is going to get worse. when you open a market 150 points down this morning and come back to even -- lizgerous. liz: the thing is average bull market is up 4.2, four years, years in but the thing with the whole bond market story with the fed pulling back, that mr. the back of that most investors are in shorter-term bonds, five year bonds, not in a long-term sensitive bond but 30 bonds though it is up to the fed whether to do it and pull back out with ease and the fourth quarter is earliest we could see that, goldman sachs in 2015-16 when you see the fed pulling out. isaiah make money now. gerri: dan is paying saae your money now. faherty enough, dan shaffer at liz macdonald, thank you very much. connell: the self-proclaimed source of the nsa leak has been fired by his employer, bose allen hamilton, officials at the fed contractors a, quote, edward was terminated june 10th for violations of the firm's code of ethics and term policy. the topic continues to divide capitol hill and not just along party lines, the nsa director keith alexander to brief the senate until committee later this aft

liz macdonald has the story. liz, we talked about the fact maybe the government shouldn't be involved in this in the first place. >> good to be with you, checial. that's right. apple under pressure in trading today as well as at&t and the big debate in tech world is whether or not the international trade commission should have been involved in the ruling. the big fight now that we're hearing about is whether or not samsung should have taken the complaint just to the courts and whether or not samsung's old shareholders get hurt because samsung is basically going to have to fight it out in the court system anyway. apple has 60 days to appeal this. they could take it to the federal appeals court. they are saying they plan to appeal this decision, and so what this does is it blocks the imports of older iphones, the iphone4 and iphone3. it does not affect iphone # 4s or 5 or wifi ipads. they say, listen, apple has taken, quote, a free ride on the innovative technology, but the question remains where do we go from here? these two have been really duking it out big time in the court system. we've got apple also breaking news coming out too, cheryl. apple has the worldwide developer conference next week promising, quote, a whole new world meaning we could see a reboot of apple's computers and maybe an integration of the siri virtual assistant into other apple products beyond the iphone. watch that development too. that may be helping out the stock as well today, cheryl. back to you. cheryl: i'm still waiting for apple tv. >> that's right. cheryl: rumored for years now. i would love to see an apple television. they could rock that, couldn't they? >> great point, whether or not apple tv is on the horizon soon. so far, word on the street, cheryl, only seeing a reboot of the computers including the pro, and the integration of the siri beyond just iphones. back to you. cheryl: a big apple computer. lizthank you so much. >> sure. cheryl: closing bell rings in 50 minutes from now. chrysler says it will not comply with the government recall of 2.7 million vehicles. is that going to hurt the brand, or is that going to help the company? we'll talk about it next with one guest. plus, executives, they are fleeing from google wallet as the division changes course. where are they going? to work at this, mobile payment company, brain tree. coming up, we'll talk to the ceo, bill ready, about what's making the company a big draw. google people even go to him. we'll talk about it. ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, e thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all

liz: thank you for coming on, michael. we will put all of your picks up on fox business.com. good to see you. >> likewise. liz: the closing bell ringing and just about six and a half minutes. coming up in the next hour, we have an exclusive behind-the-scenes look at the rebirth of the business of downtown manhattan. nearly 12 years after september 11 terrorist attacks i can personally tell you because i have gone to the hardhat. as we look at these renderings, what is going to be the reality of it is absolutely fascinating. it is a big business story. you have to see it next. we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ [ babies crying ] surprise -- your hse was built on an ancient burialround. [ ghosts moaning ] surprise- your car needs a new transmission. [ coyote howls ] how about no more surpris? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rkescience. it's just common sense. from td ameritrade. lizwas a short selloff. take a look, dow jones industrials up nearly 44 points as we finish out quite the dramatic week. i'm glad david asman here is "after the bell." david: you missed out on a 500 point drop. you we didn't quite make that up. it was a long shot. it was gone up and down 30 times over the flat line. who knows what will happen. liz: i bet nicole petallides does right there at the new york stock exchange. we have defensive names like consumer staples. they're the ones pushing the dow higher into the close. >> names like health care, consumer staples trying to hold the way. six out of ten sectors looking good. as you guys noted we were down 560 points in two days. tough to get that back. we're now up 50 points the volatility was here today. we had a 170-point swing top to bottom. david: we're focused on what happens to the yield on the 10-year treasury. that affect as whole line of industries from financials to homebuilders. they're hurting as a result of rates going up even

liz: it will show them underfunded. stuart: liz macdonald on top of it. of the leaders of the s&p 500. meg whitman making some headlines. nicole: that is right. the stock is up 3.8%. that is a big move for hewlett-packard giving positive dow point as well. revenue growth is still possible. the wildcard is overall pc growth. obviously. that is the wildcard. are the pcs hot anymore? that is the question any person who would think about this industry would ask. so yes, that is a wildcard. stuart: hewlett-packard has come along way since meg whitman took over. i don't think we ever put it on deathwatch. charles: wall street put it on deathwatch. this is a huge tribute to meg whitman. stuart: hewlett-packard up 3.5%. next story, it was revealed one irs office an in cincinnati wase one responsible for much of the taageting of conservative groups. voice of cincinnati bryan thomas joins us now. welcome back to the program. >> thank you for having me back. stuart: you're at the epicenter of the irs crisis. did you have any irs workers on your show, did any of them

starts right now. ♪ liz: good afternoon, everybody. i'm liz

liz: you had said -- you have hedge funds that are commodity focused. they're going to do poorly. you else is weak right now? >> cta said been suffering. liz: define that. >> commodity trading. and, you know, you mentioned bridgewater, some of the positions, but a lot of the equity managers to been doing well. this is the opportunity to shine. over the last couple of years, as i just mentioned, they have not been doing well. mortgage funds focus on mortgages that have been doing well. a lot of even driven funds have been doing well. lizme insights to because you do with a lot of these has funds as clients. were they looking to reduce exposure? >> so, our clients are the institutions command they're paying us to tell them which hedge funds to go into. we are conducting the diligence, and they want to get access to our clients. liz: what are you saying to stay away from? >> i would say that we build from day one a diversified hedge fund portfolio. long-term investors. so we're not trying to say, you know what dodgers because certain funds to mortgage funds have been doing well the last couple of quarters, who is to say they will for the rest of the year or the next year. we really just try to build a diversified program that is going to do well throughout the market cycle. liz: good to see you. think you. >> thank you for having me. liz: overview. >> we have been talking about this all day. investors selling bonds at a record pace following the fed statement on tapering. what does this mean for the market ahead? are th

liz claman. a fox news exclusive. the second-best performing stock. of more than 235%. solar industry on track for next -- the best year ever. it is another fox business exclusive. ♪ ♪ liz: shining brightly, the solar industry on track to have its best year ever. the company at the forefront, first solar. the ceo of the company is with us in a fox business exclusive. the first solar stock up more than two under and 30 percent over this past year. warren buffett even taking a stake. planning to further scale up. the king of branddng, founder of fubu and star of abc business reality show a shark tank. technology is killing the clothing business, but he has a plan to take it back. it is another fox business exclusive. and what in the world is going down with housing, or should we say up? after hitting a 75-month low, foreclosures are now on the rise. we break it all down for you. "countdown to theeclosing bell" starts right now. ♪ lizt hour of trading. what an exciting day. woke up and saw

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. ♪ liz: could afternoon. i'm liz claman. it is the last hour of trading.ology. as you just heard, breaking news from ashley and tracy. shares had been halted after announcing layoffs of some 520 employees. looking at the stock right now, still moving slightly higher. you saw the spike after the news because sometimes the market

liz: hello, everyone. i'm cheryl lynn for liz claman. it is the last hour of trading, and here we go again. it is just a day. talk about red of three major indices are down, and the selling has picked up in just the last hour so. 14,750. down 358 points. new session lows every few as you can see, the s&p and the nasdaq in the negative as well. we were down 1%, 1 and a half%. at 2% in change. all three major market averages, and we will be on this throughout the hour. stay with us. a few stocks. i don't want to bring you down too much. a few stocks that are bucking the trend. a higher bike almost 7%, as you can see. a nice change. this stock is higher by one and 1/4 percent. western alliance, 14 5/7. about one-half percent gain. we're looking for good news in this sea of red as we go into the close. also, we talked about this yesterday. the dollar climbed to a 2-week high against major currencies overnight into the trading session here in this country. analysts say they expect the dollar will see volatile on moves in the coming weeks. investors try to let gays cells of the economy, not just the u.s., but the global economy. a lot of news, and assault team coverage with nicole petallides. once again standing by the new york stock exchange. a big sell-off. phil flynn at the cme tracking down the commodities, especially metals. jo ling kent is here with a very troubling story about china that we are following, but first to you, nicole. your headline please. >> reporter: to the big deal here is watching the volatility. we had a lot of 200. swings in the last 21 days since ben bernanke and his testimony may 22nd. half of those, ten of the 21 actually had 200. swings. the volatility is here and today you are obviously seeing a bigger move unusual. 350 points to the downside. cheryl: and an unusual move. that is how you would characterize this. >> reporter: absolutely an unusual move. essene the volatility of 10200, but not 350. cheryl: you will get back to you in a moment. phil flynn at the cme. >> reporter: it is a metals meltdown. what temperature doubles milton mack probably when the fed starts talking about a brief. the dollar is soaring. metals are melting down. i don't care if they're precious metals, industrial metals off. there is no place to run, no place to hide. add on top of that the oil market is seeing a drop it has not seen in over a year or at least since last november. it is a meltdown in commodities. no place to run, no place to hide down here. cheryl: my guys. stand by. your headline please. >> reporter: facing a cash crunch that could cripple lending. rates are being quoted, but no transactions are taking place. he will take a look at how this will affect the chinese economy. cheryl: that is a story you know very well. we will see you in just a few moments. bank stocks heading lower. the financial sector overall something that we're watching. nicole petallides, of course, at the new york stock the stage with the sec to report. >> reporter: this is a big deal to have back-to-back sell-offs. the financials are selling off. racine bank of america down two and a half%, down three 1/3%. the major averages are down over two full percentage points. you can -- you know, down over 300 points. give 100 to ben bernanke, 100 to the credit crunch in china and the latest headlines about the imf, not giving them money back to greece now, so you have a lot of things in the air. cheryl: that headline. that's something that they're talking about right now? >> reporter: a stronger dollar and the news read don't get the funding right away. so we're talking about. the biggest deal, but it does not help the situation when you're selling off. this does not mean that this is the worst ever. is to be the greatest ever where you pick up your favorite company. cheryl: that's a good point. you sound like charles. let's get right to our floor show. we have trader standing by at the new york stock exchange and the nymex. standing by at the new york stock exchange. pick up if you will just for a moment what nicole was talking about, the imf headlines, potential changes in greek funding spirit is that something the factors and today? >> that is is kind of the icing at the cake. clearly the of the nation yesterday out of washington, with some of follow-through. we have had no real positive headlines that are going to help believe this market at this point. what is going to be interesting to see is if this followthrough continues. we will mark off yesterday just as of 1-off. we're seeing significant seeling today. if we see it tomorrow then i think we should start to get worried. let's not panic just yet. tomorrow actions are inspiring. we have been s&p rebalance that will occur tomorrow. we are going to see a lot more buying coming into this market tomorrow and hopefully that volume will help dampen some of the volatility that we have been seeing. cheryl: we are seeing volatility for the year right now. potential highs for the year. 2013. does that trouble you, or is at par for the course considering that we are in the summer? >> it is something we should be expecting. a lot of traders have already put that into play and have already had that trade on that tape at this point right now. cheryl: i want to go over to the nymex. i know, if you will. certainly with of the action that we have seen between treasury and the dollar, a big effect on the oil contracts. >> reporter: down sharply, but back to the mid-90s which is a healthy level. reset here for quite awhile. as jonathan before you mentioned, not too concerned just yet. we kind of maybe get a little bit of an over reaction from the fed. a little bit more concerned, little bit more fear in the market. volatility picked up with that and we have some great down below 93, 9325 and some of those moving average is down there for it really starts to be more of a trend. we did have a solid run-up in crude oil for a little while, and now we are having a bit of a correction, so we will see how far this actually runs. cheryl: direetion, time to mike and opportunity. you will go with that theme. tillman, thanks to both of you. appreciate it. now we were talking to fill just a moment ago about commodities, especially metals suffering their biggest sell-off in the year and a half on really this data coming in a china. bleeped chinese data and, of course, the federal reserve plan to reduce stimulus efforts. we heard from mr. bernanke yesterday. let's bring back and phil flynn. middleman -- mill not down. you're going with that the right now is. >> it has to be, and there are a lot of reasons for people to be dumping this off. even if you just had a margin call us, you are worried about inflation, but you really cannot be long on metals right now. you look at what the fed is doing. it is really dollar bullish right now, and people, i don't think, realized. all of the market does not seem to realize that tapering is like raising interest rates and a negative rate environment off. very bearish commodities, bullish dollar. you add to that this burgeoning credit crisis that you have, polity in china right now if. china, of course, your biggest consumer of these precious metals. take copper. we saw the biggest dropoff in the london metal exchange copper -- the biggest bill in many, many years. you add to that the physical demand that is coming out of asia, and that drives up another reason longmeadow's does as well. cheryl: somewhat testy about copper. i am wondering if there is another side to this story. one of the things that we have seen with the demand in copper, you and i talked about that. housing continues to remain strong, the copper contracts will pick back up and whoever is buying it today is going to make some money in the future. >> you know, i still believe that this is going to have to come from stabilization in china. the u.s. market is not the use nearly as much chopper -- kopper as they used to. the big demand has been coming from building factories and things like that. i am not sure that a rebound in housing is necessarily going to do that, and another reason why it will not is the starter the housing market the faster the tapering, the faster the tapering, the stronger the dollar, and that is going to put more downward pressure on price. cheryl: before i let you go, all those papers underneath your arm, a very busy trading day, a lot of contracts bought and sold. >> one of our best days in a long time. the cme stocks is one of the brides stocks today. we are up. they all wanted me to tell you that. at least it was. cheryl: a national audience. you tell them that. phil flynn at the cme. what a day, the new york stock exchange. all right. as pick up again on this chinese news, chilling news from banks in china. as the country's credit markets are beginning to a freeze. jo ling kent has more on how the world's second-largest economy is trying to dodge defaults until -- this news sending soccer is your town. >> that's right. overnight in china and now you're on wall street. basically short-term lending rates at record highs in money-market rates surging after the people's bank of china, their central bank which reports to the central communist party refused to pump more cash into an already strained financial system. basically trying to punish speculators. now, rates have been soaring of the past two weeks. banks started to react. basically afraid of lending to one another. does that the short-term cash flow, they are less kind of up in arms. they could defaults. and now in china messina rates are being set at high levels, but no transaction is happening. this is a very risky move given that the chinese economy has been slowing down quarter over quarter. analysts who cover china say, for example, over an asset management in new york, is the central bank of china does not inject emergency cash into the banking system in the next there so wealth management products that lend money to banks in the interbank market will start to see mass de fault. now, certainly not good news for those who are here. so basically, the central problem here is what the chinese government should do. now, they are caught in basically a dilemma and also there is an entire social move as well. new president is trying to crack down on certain types of speculation and lending. so we will stay on the story for you. back to you. cheryl: the term speculation because we have seen some speculation in the chinese housing market. and then to have the banks make this threat, so many levels of fear, basically, for the chinese economy. >> reporter: you know, is definitely jarring, but we have also seen this coming for a couple of months. some would argue even over the past year as the economy shrinks. yet more credit has been going for 20%. so, you know, it's very much this strange dilemma, but they have seen it coming. cheryl: interesting. covering that china story. thank you. closing bell will ring in 49 minutes. housing here. but is the housing rebound on the rocks? investors fear, the fed will step back as an automatic fire of mortgage-backed securities. coming up next, we break down the threat to housing. and, it is national small business week. the small-business optimism index, hitting a 1-year high. coming up, we talk to our good friend, the undersecretary for economic growth and energy, and the environment. what he says the strength of the u.s. economy is, small business. ♪ my mantra? ways go the extra mile. to treat my low testosterone, i did my research. my doctor d i went with axiron, the ly underarm w t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. won, especially those who are or who may become pregnant and children suld avoid contact where axiron is applied as uneected signs of puberty in children or changes in 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carefully before investing. risk includes possible loss of prinpal. cheryl: our power mover of the hour the stock up almost 7%. this stocking a new high after microsoft does a 180 and reverse its policy in favor of reselling used games. a big part of the business. microsoft is falling with the rest of the market. you have to be careful, down about a dollar seven right now. as you can see, loss of more than 3%. we do have an overall market sell-off. well, there is positive data out for housing today. as existing home sales are rising to their highest level in more than three and a half years, but that is not enough to keep housing stocks are selling off on concerns from the fed. joining me now, ubs home-building analysts. this is your sector. are you concerned by the selling pressure the you are seeing today in the home building sector? >> not really. the stocks are extremely volatile al. big moves up and down of the last two months. on not overly concerned. investors are probably overreacting. when you think about what is going on in the housing market today, it is a very supplied driven phenomenon. the mix apply. for the next 12 months housing prices will be just fine. cheryl: you may be seeing mortgage rates take time. the bond market and treasurys. pulling back stimulus. in not concerned. this is the basic question. >> it depends on your timeframe. a long guerrilla got into the recovery whether it's 18, 24 months, as the recovery spreads of the area that has been concentrated in right now this, of course affordability is a concern, but you have to think about affordability alongside underwriting. he can give mortgages in the camp. eighteen to 24 months. the income the recovery has been concentrated. concentrated among good buyers that have very good financial wherewithal, good credit scores in a very, very tight market, very, very concentrated some market where there is just not a lot of inventory. so it affects the long-term market the housing recovery. you can sit here and say rates don't matter. of course they do. it is a question of how strong the recovery is. eighteen to 24 months out and it changes the scope a little bit, but we are still in an up market tear it -- its destiny the housing sector, the stocks themselves that way ahead of themselves. >> if you have the time frame you can buy the stocks in the cheaper through the summer. in the year end, they will remain very good. long term from the -- from a fundamental perspective the stocks are not inexpensive. another 15 to 20 percent pullback before we have more positive on a much longer-term basis. cheryl: you -- you like these songs because we have pulled teague, these other stocks that have performed so well. this is the only one that you are really favor on right now. >> and is very much evaluation call. struggling with a bit of a company's turnaround. management is doing a great job, taking time to materialize. the results in terms of the profitability. you will see the company narrow performance and valuation to accept. otherwise the stocks are, again, they are not inexpensive at this point. there are still a expensive. these topple back, something like pulque make make a lot of sense. specific factors, but not at this price. cheryl: hundred and 7%. that is a heck of a run-up, but normally i would throw the caution now with u.s. airway a minute, that's a big jump, but after of in 2012 we have to think about future earnings. >> a lot of earnings power inherent in the business right now. abbas teeseven sector called del webb. sixty-five, 55 and older. a powerful demographic that they're falling. i think there is a lot of earnings power in the business that is not capturing the business. even after the big one. is not attractive. but if it came down, ten, 15 percent, looking to get more constructive. cheryl: i'm old enough to remember the position. that goes back a long time. david goldberg, ubs home-building analyst. >> thank you for having me on. cheryl: the bell will ring. we now have got -- you're probably ready for the market they to be over. we have about 39 minutes to go right now. on-line video is moving toward a fast-paced easy to share platforms. all fighting to stay ahead of the trend. today facebook is playing catch-up with its is to grant video. we will talk about that coming up next. also, the market is selling off one day after the fed lays out his plans to slow down purchases, but is it just a fed fake out? charlie gasparino has that story on why easy money might not be going anywhere. i would like to hear that. ♪ friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with alig ♪ cheryl: will answer iran's newly revealed video facebook stock? they showed off the new feature at the parent company headquarters just a short time ago. the updated data is available for download. the rest of the market is down. a major sell-off. this tool allows users to us record clubs agreed 57 video and customize it. the new feature comes six months. you may remember not too long ago. that was our version. according to all things, also previewing a number of unreleased features and the work. sounds like our version. the markees plunging. you can see it on your screen. happy days and easy money are over, but it -- could that change? fox business senior correspondent. >> reporter: we should point out this is far from a plunge. this is, as i told you before. as you put it, a bins and a purge. this is pretty bad stuff. i think what we are seeing now, and i think this relates to who is going to be the next fed chair person when ben bernanke steps down, this shows that the obama economy that traders, sophisticated people do not believe that the obama economy can stand on its own. it is kind of a sort of rudderless on its own, creating liquidity by doing qe which is known as essentially printing money. buying bonds from banks and infusing those banks with cash and trying to lower long-term interest rates in the people to buy homes which is kind of what he signaled yesterday may be coming to an end. there is of much to this economy. obamacare, higher taxes. if you think i'm being partisan, this is real. i mean, i wish -- i don't waste the economy to go to elena hand basket, but we have obama care, higher taxes. we already have dodd-frank which a lot of people think squeezes the economy and lending in other ways and causes banks to sort of pull back from a lot of businesses. this is a president to come from a physical standpoint, from this policy is basically be stimulated the economy. his stimulus plan was kind of a failure. he mentioned it himself. he laughed about show already projects. the market is now reflecting that without the money that ben bernanke said is likely to be cut off sin based upon some optics in certain numbers, i think he's more worried not about that, but as the bubbles, like so much money going to risky bonds which is happening right now that when that unwinds it is going to be really nasty and could take out a bank or something like that. cheryl: bernanke could go back on his word. >> right. and of the is going to matter. janet yang is going to be the vice chair of the board of governors, the federal reserve. the fed has a dual mandate. she cares more about the job creation. i think teeseven a lot of other people i know think that at some point, even if bernanke is tapering and looking to end qe, she may reinstall it and may have to reinstalled because the economy is not going to be doing well. had we know she will be in it? botox to wall street executives and here's what they told me. timothy geithner is signaling to people that he does not want the job. he was a fairly prominent candid , treasury secretary, president of the new york fed. he does not want the job. you must make money in the private sector. i should point out that his attorney has no comment on the matter. people were telling me that when you see the body language when she is with president obama, it is pretty interesting. they seem to be very simpatico. it was described to me as they finish each other's sentences, which is a little scary since the fed chairman is supposed to be not finishing the sentence of the president. is supposed to be an independent committee. that is where we're probably going. i know people think that alan blinder and lizgine that is a possibility. i don't know. and roger ferguson. former. cheryl: i have seen larry summers mentioned. >> yes. i think the reason is she is the least independent, the most like obama in terms of policy. dagen does not want it. and they may need it because i am telling you, i don't care what anyone says, if you look uncertain economic indicators, we're getting better, but a lot a lot of people leaving theejob market. housing is getting better, but long-term interest rates are down. suppose the fed stops printing money suppose the fed stops printing money? you don't have a buyer's market anymore. then that part of tte economy dries up or slows down. if you throw all those factors into higher taxes, obamacare mandates, you know, higher regulations and just 2% growth, 2-3% growth, you're not talking much. >> and you wrote about it today, we should tell everybody -- >> in "the new york post." cheryl: i read it. there it was, charlie gasparino. closing bell going to ring, we have

liz claman sits down with a jet leasing company who loves to buy boeing aircraft. shares of boeing reaching a new high today. don't go anywhere. "countdown to the closing bell" starts right now. ♪ ♪ lizk on government requests for secret information. some of the demands, numbers in the thousands. what were they looking forrings and what do company shareholders think about the privacy breaches? supportive or angry? detroit on a tear recently, but poteetial potholes may lie ahead in the form of a flood of cheap chinese car. what it could mean o u.s. auto makers and their stock. samsung finds the holy grail. ♪ by teaming up with jay-z on the release of the new album at the south korean tech giant with another trick up the sleeve, and it's all about speed. think 4g only on

women's shelter and also want to welcome elizabeth curtain who i know as liz curtain to the executive director position. i have known liz for, i don't know, about 20 years or so, a good family friend, and has done amazing work around the world in the u.n. and already has done amazing work here at the asian women's shelter. it's great to have you at the helm and i look forward to our relationship, looking forward to it in a new way. >> congratulations. (applause) >> sorry, we had one more colleague who wanted to speak who i didn't see on the roster, supervisor yee. >> i couldn't resist, becky. i remember even before 25 years when i was involved with women services and of course we have families, mothers coming in with issues in regards to domestic violence and nowhere to send them prior to that. and when you started the organization, we were so happy and delighted that finally we had somewhere to turn. and i have to say this, that when you started it, i never said this to anybody, but i said, you know, it's great that they started it. i bet you they'll be there for two years and they'll be gone. and here you are 25 years