melissa: i'm melissa francis and here's "who made money today". investors who jumped into the market at the start of january. the bulls capped off a quarter to remember. the dow yielded its best first quarter in 15 years! can you believe it? s&p 500 closed at an all-time high. leading the way for the blue-chips, hewlett-packard gained 67% over the past three months. boy, those investors are happy. netflix was the brightest star on the s&p 500. its shares soared 104% in the first quarter! what. if you owned shares of blackberry you made money early on but the gains slipped away later in the session. they posted a small fourth quarter profit-taking many analysts by surprise. it sold one million of its new z10 smartphones but black per also lost 3 million sub -- subscribers. oops. >>> if you listened to charles payne 1:00 yesterday you made money today. he said buy stocks in deckers outdoor owner of brands like uggs ads and tiva. deckers shares were up. jeffries raise the price from 65 to 100 bucks. go charles payne! even when they say it's not it is

melissa: i'm melissa francis and here's who made mooney today.nvestors in hewlett-packard, their quarterly dividend jumping by 10%. the stock closed down today but investors have reason to smile. shares are still up about 56% this year. also making money, yahoo! getting another boost under marisa mayer's leadership. upgrading to the shares to outperform. it climbed more than 3% on the news but the bulls overall had a rough time making money today. cyprus took a big bite out of the major indices with all three major indices closing in the red. even when they say it's not it is always about making among any -- money melissa: right now to the top story. efforts here at home to make sure our government is never able to raise the private savings of private retirement accounts of americans. saying congress shouldn't even consider any kind of tax or sees sure of deposits. if approved it could give everyone in the country a bit of relief. basically insuring what is being proposed in cyprus really can not happen here. joining me with details is the cospon

melissa: i'm melissa francis and here's "who made money today".estors who thought cyprus concerns would be a one day blip. bulls are back in the driver's seat. surging home prices and strong manufacturing data sparked a rally on wall street. the s&p 500 just missed hitting its all-time high. that could mean more money tomorrow. if you owned netflix shares you made money today. a top on lift upgraded netflix shares stocks to outperform. they said they could expand their subscriber base. pacific crest raising the price target to 225 bucks wow! surging 6% on the news. >>> the man making hands down the most money today, pedro quezada. i don't think he cares right now because he collected $330 million in the powerball jackpot. the 44-year-old immigrant is feeling pure joy. he promises to help a lot of people with his winnings. me. even when they say it's not it is always about money melissa: so our top story tonight. cyprus may have a bailout but cracks in the european union may be growing by the day. cypriot banks remained closed until thursday, that'

melissa: i'm melissa francis and here who is made money today. investors betting on safe harbor assets t was a mess in europe. cyprus placed brutal limits on bank withdrawals. italy attempts to form a coalition fell apart. e.u. sentment tumbled. sparked a big rally for the u.s. treasurys. the 10-year yield fell six basis points to 1.85%. if you own aol stock you made money today. barclays upgraded aol to overweight and raised the price target to $44 a share. shares soared more thain 8%. barclay's said profits will likely grow better than analysts estimate with cost-cutting measures driving gains there. >>> also making money, fast track, they are the to operators for san francisco's golden gate bridge. for the first time since it opened in 1937 the bridge has no human toll operators. it began all digital to system today. fast track will save $60 million over eight years from the move. even when they say it's not, it is always about money. melissa: so despite the turmoil in europe the bulls shook off most of the day's early losses. u.s. markets see

melissa: they have to.ve, isn't the market going to move, the bond market going to move against them in a really violent way as soon as they think that this whole qe infinity is over? >> well, boy, that's a tough question, melissa. i have to confess i've been wrong about this for the last two years. i've expected it interest rate shock or at least a movement. we just really haven't seen it so far. if the economy really starts to pick up steam and we get maybe get 3% growth or more, which is possible, given what we've seen over the last month or so. then yeah, you could see a pickup in interest rates. by the way that puts the federal government in a little bit of debt spiral as interest rates go up. who is the biggest borrower of the world? melissa: we are. >> federal government. >> i don't want to ruin the party here, but with my market hat on whenever i hear talk of about we'll have collapse in bond market i'm a buyer. buying 30-year bonds. working for three years. maybe i will get punished. melissa: it ha

melissa: those are good rules. the books, great example of why fax machines are so '90s. elvis dumervil, defensive end fax his contract to the denver broncos, it actually did not come through until six minutes past the deadline so he was caught bcutby the team, he lost. he fired his agent as a result. now he may end up staying with the team. >> first of all if you know you're going to want $8 million, apparently what he wanted, you'd think he would have done it a little earlier. melissa: nothing like really waiting until the very last minute. >> what it is, it is the agent. next to members of congress and lawyers, sports agents are the sleaziest people in the world. melissa: every sports agent just appreciate you saying that. >> they wait and wait and wait, and then they strike. this is what happened in elvis dumervil case. it is a feel-good story, he will get re-signed in the agent got fired. melissa: so it was his fault anyway. >> of course it was. four years ago this happened with a guy with the miami heat. he f

melissa: i am melissa francis enters what is a "money" tonight. the rich are shelling out more in taxes than they have in 30 years. does this finally count as their fair share? they have big congress to tax them more. one of those numbers is with me now to explain why. and betting big on bad loans. investors are piling into securities. does that sound familiar? subprime loan, anyone? he will tell you why this is the real problem behind student debt that nobody else is talking about. and google airports to delays. top airport officials say the worst is already happening from sequester. really? will break out the "money" truth meter and check out the claims. even when i say it is not, it is always about "money." melissa: first, today's market moment. even as those dreaded cuts move, stocks are unafraid taking another step toward the all-time high. shrugging off economic data from china reversing early losses. the major indices closing with modest gains. but the question on many investors minds, will tomorrow be the big day? the dow 38 points away fr

melissa: okay. we've bottom to turn to the market right out of the gate here because it is the big story of the day. the bulls pulled the dow to a new all-time high. adp reported a solid rise in private sector payrolls for february. u.s. factory orders fell less than expected. the s&p 500 posted a slight gain. it is just 24 points away from hitting its record high. meanwhile nasdaq slipped fractionally from a 12-year high. we start with washington's full-on spending spree. you may have heard about the pesky sequester. pay no attention. we have the shopping list where your tax dollars are actually going right now, just as things like this are happening. take a listen. >> resulting from sequestration, we regret to inform you that white house tours will be canceled effective saturday, march 9th, 2013 until further notice. unfortunately we will not be able to reschedule affected tours. melissa: okay. so all the tourists who waited for a day to take a stroll through our nation's presidential palace being

melissa: yeah. and they had done everything to sort of reassure rest of the world he was on the mend. he has had four cancer surgeries outside of the country. recently they released photos of hugo chavez in his hospital bed, smiling surrounded by his family holding up the newspaper had the date on it to try to portray a image that he was recovering and doing better. a lot of people had suspicions about this. this is the news that a lot of world had been sort the bracing for and what it means to the oil markets. peter barnes, thank you so much for that report. >> all right, melissa. melissa: all right. thank you. where are we going now? all right. let's go to john kingston now who we have on the phone from platts. john, i mean this is a saga that you have followed for decades. what is the reaction? >> i hope the amount of western oil companies that stayed in the country after the quasi-nationalization, whatever you want to call them a few years ago, are able to keep the country's production at their

melissa: i'm melissa francis and here's what's money tonight.yprus's parliament shoots down the e.u. bailout so the real across for global markets may be just beginning t could be music to russia's ears? a former top imf official joins to us explain. >>> plus, t. boone pickens said natural gas would revolutionize transportation. every called him a madman but now he is having the last laugh. we'll get his prediction where natural gas prices are headed next. >>> not even a down economy can crush rock and roll. legendar kiss rockers gene simmons and paul stanley kick off a big expan shun of their restaurants. they're here in first on fox interview to tell us why now is the time to bet on the consumer. even when they say it's not it is always about money melissa: first let's turn to today's market moment. fears over cyprus's bailout led to a choppy day of trading on wall street. the dow managed to eke out a slight gain wi the nasdaq and s&p 500 posting minor laws. the s&p fell for thehird straight seson. that is the worst losing streak of the year.

melissa: david, do you agree wi that? >> no, i don't, melissa. you have an example of polarization at work over the debate is here instead of washington. it is on your show, effect of the matter is we have two sides, busy fighting out the congressional election next year to see if the democrats can get the house of representatives in 2015, and the republicans have realized they cannot be obstructionist. melissa: i have a feeling you aryou'reright, a lot of people r audience are saying the same thing. in the meantime they are not getting anything done in washington, so what is the take away from the market, what do you do? >> my clients from all over the country are disgusted with both parties, would like to throw them both out and start all over and don't know what to do about it. the fed is a game in town giving an upward bias to the market in spite of washington, not because of it. >> i disagree with that. my investors believe it is important for this country and the financial future that we do sothing about balancing this budget. i don't agree

melissa: okay.s vegas sans as our number three pick. what you like that one? >> first of all, they have great properties in las vegas. they are also owned -- on positions in mcallen in singapore. you get a little international in you is of the chinese investment. melissa: a people gambling more or less right now with unemployment high and, you know, the economy recovering a bit, but not that much. >> many of the stocks have done tremendously well over the past 12 months. so regionals have actually done better than the larger ones. and now with the jersey with online gaming, that is going to definitely spur some more states to increase the latitude that the gaming companies can do. melissa: rounding out your top five holdings, and gm resorts, but it is interesting. i ask you to pick the top three that you like right now that you would add. at the top of your list, one of your not in the top five. you going to add that your portfolio? >> well, 56 shades of johnny. johnnie walker. some brave brands. ha

melissa: i'm melissa francis and here who is made money today. investors that are staying optimistic about cyprus. it is scrambling to win a last minute bailout to avoid collapse right now as we speak. the bulls are betting a deal happens before the monday deadline. the euro is rallying against the u.s. dollar, and, if you owned apple, you made money. a top analyst expects the next iphone to arrive this summer. shares rallied 2% closing above the 50-day moving average. that is the first time since october 4th for that stock. look at that. but the big money winners of the day, anyone who bet on harvard basketball whoo-hoo!. my alma mater won its first ncaa ever, ever. the school has been around since 1636. upset number three seed new mexico. i will cash in with a wager i made with one of my guests this week, if harvard wins anything, if they win a single game, score one point i win. how about that? >> i send you joe's stone crab. shibani: he laughed. did you see him laughing at me! i'm waiting, bruce. most of my family is allergic to stone crabs.

melissa: interesting.k it out like and go online and look at page. >> at think he would make a fantastic backer. melissa: that i lent money. we'll see. anyway. we will definitely check it out. >> thank you very much for having us. melissa: wha is real. a bizarre scandal over. as neiman-marcus of all places in hot water. wait until you hear this. you can never have too much "money." ♪ ♪ >> enjoying that song. time for spare change, the best part of the show. don't fall, julie, that was close. she almost fell off the chair. >> i did because i was so excited about the music you played. >> and david caplin who won't get a word in edge wise. >> that's all right. i'll defer to you guys. >> like any good man. first up, check out this chinese bowl that was bought at a yard sale for three bucks, three bucks. turns out, it is a rare piece fro the northerr song dynasty that ruled china from 960-1279, sold at auction yesterday for a staggering $2.2 million. do you think they used it for popcorn? they probably, you kno

melissa: i'm melissa francis and here what's "money" tonight. paul ryan rolls out a new plan to balance the budget but he is making big spending changes to get there. how much is for real and how much is for show? we'll get reaction from a congressman on the house budget committee. >>> security scandal in the u.s.. sec charges illinois with fraud. they have huge pensions problems while trying to borrow money. more states and cities could be doing the same thing. we have a top expert to peel back the curtain. >>> optimism climbs for the 30 strayed month. more hiring and investment is planned. is it the silver lining we've all been waiting for? get the store from two business owners. you're not going to want to miss what they have to say. even when they say it is not, it is always about money. melissa: first let's look at today's market moment. it was a photo finish for the dow after spending much of the day in the red. it squeaked out a gain in the last minutes of trading. it set a record for the 6th straight session. the nasdaq and the s&p 500 w

"money" with melissa francis is next. melissa: crisis in cypress as deposit features rock the market. will wall street be able to hang on to the rally? and should you still jump in, or maybe get out. chief investment strategist with charles schwab. plus it's a time to go for the gold? economic optimism improves. but will the euro crisis kick start a comeback? a top gold bug and bear in the ring and debated. and millions of us use it but there is a new plan to cap it and generate piles of revenue for the government. it could pull a rag out from under the market and the homeowners. the latest details you cannot afford to miss. even when they say it is not, it is all about "money." ♪ melissa: all right, first to today's market moment. the raid on deposits sending chills down the spines. the market phone for the second session in a row. the first back-to-back losses nearly a month in case you're keeping track. investors gear may be best reflected in the vix. our top story, the critical situation in cyprus threatening to set o

there was what happened to ben when he met melissa. >> soons he met melissa, it was something i'd never seen. >> he was a changed man. >> absolutely. melissa really made the difference. >> and if anybody would know, his best friends would. cindy and scott. >> ben was family. i mean, he was family. >> and then there was ben's other love, brightest thing in his life, the one good thing that came from his first marriage, alissa. >> everybody said that i, he was he loved me more than anything. and i think it's true. >> quite true, of course. so there was a little jockeying at first. two women, one man, even if one of the women was just 3. >> our first date, alisa was there. we were just eating and i was talking to ben, trying to get to know him. and she was like, don't talk to my dad. >> i remember meeting her. i didn't really like her. she was talking to my dad. >> more than talking to him as it soon turned out. ben and melissa moved in together just a month later, sort of thing a 3 year old finds hard to understand. >> and she said i love you. and i said don't talk to my dad that way. >>

melissa: thank you. melissa: is this what the city needs? coming in to make the decision may not. >> quite frankly, i don't think that is going to be necessary. in my view, the mayor of the city of detroit, ran for the office because they love and care about the city. union employees care about the city. what has not occurred since the consent agreement has been entered into between city council, the mayor, and the governor's office. in my view, they have not sat down at the table and had everything before them and relve the problems and brought the unions in. melissa: it has been one disaster after another. for whatever reason, they cannot pull it off, it's time for some of us to fix the problem. >> let me make this observation. if they do not sit down within the next 20 and 25 days, with the mayor and members of city council, the lead members of the union, and the finance review team that the governor appointed, which was the obligation to take the measure of appointing or having this, i think within the next 20 or 25 days, they can solve

meanwhile you will watch "money" with melissa francis which is next melissa: i'm melissa francis and here's what's "money" tonight. bracing for a bear rampage, the rally for stocks looks almost unstopable. much top hedge funds are bailing out of the market like it is the titanic. are investors getting mauled? we'll tell you what the bulls are missing. >>> plus the fracking boom is flooding states with money but new york is turning a blind eye. it just extended a drilling moratorium for two more years. talk about missing the boat on a huge opportunity for the state's economy? we'll drill into one of the lawmakers that wants to sit back and wait. >>> with legalizing pot a half-baked idea? in colorado it is turning into a major buzz kill. the taxes and regulation have some saying they may not make any green. green backs that is. so was it all worth it? we'll smoke out the truth. when they say it's not it is always about money melissa: i swear i'm not as bad as i sound. first to today's market moment. the bulls march on, a mixed bag of economic data wasn't enough to knock them off their

melissa: i am melissa francis, and here is what is "money" tonight. one but that letter to annual shareholders is sending shockwaves through the market. how you can catch on on your latest predictions. we are all over it. and congress is miserably trying to solve our debt crisis. the head of tivo says that ceos can resolve this disaster once and for all. he joins us now fox business exclusive. and going out with guns blazing. group on ceo gives the most shocking revelation about. a tax marketing expert could not disagree with me more. even when they say it is not, it is always about "money". melissa: our top story tonight is one but that's speech. his annual letter to shareholders and the berkshire hathaway chairman says what more is the problem with investments? fox business has nicole petallides on the floor of the new york stock exchange. what a treat. jack, i will start the sincere onset. one of the things that he said is that he was disappointed by the lack of a major deal. he said that he came away empty handed after pursuing some elephants. >>

melissa: i'm melissa francis and here's what's "money" tonight.ancing the budget takes center stage on capitol hill after the president says it is not a priority. doug holtz-eakin, former head of the cbo tells congress you can't afford not to do it and it will give a huge boost to jobs and the economy. doug joins us to break it all down. >>> plus the government dumps key crop reports this year all thanks to the sequester. that means pricing chaos for milk and other products. a top commodities trader tells us how bad it could get for you. >>> the dirty secret for electric cars. they are supposed to save us money and save the earth but they're more expensive than you think. one of "time" magazine's most influential people in the world is here to explain exclusively why. even when they say it's not, it is always about money melissa: so we've got to start with today's market moment. we keep breaking record. get this, it is getting ridiculous. u.s. jobless claims fell unexpectedly give investors a fresh dose of optimism about the economy. the dow close

melissa: it is insane. they are being potentially, this year, they're going to be forced to buy this sugar because what is going on in the sugar industry that it is such a terrible year for sugar? >> in a way it was a good year for sugar because the sugar beat farmers in the midwest and sugarcane farmers had a really good year in terms of production. so there's a lot of sugar on the market. and but the real reason for that is this ups and downs of the market, it is not a free market. it is really run by the department of agriculture. so, the secretary of agriculture decides how much sugar can come into this country, which is very little. and all of this is done to protect the growers. melissa: yeah. >> because this program has been around since the depression. melissa: so i can feel people shouting at television right now and saying things like, we do milar things for the corn industry and for the milk industry and for cheese and a lot of this has to do if there's a bad crop one year we don't want sugar far

melissa: welcome, i am melissa francis. lori: i am lori rothman. how long can they continue to put money into the economy? they let us know the exit plan for all of this. melissa: taxpayer outrage, bankrupt city in california paying out a million dollars in pay raises. they are bankrupt. lori: and paying races? crazy town. fedex says more customers are taking a less expensive option and it is hitting the bottom line. melissa: the cyber threat hit by online hackers putting financial firms here on high alert. but first, time for stocks now. nicole petallides is standing by. stocks posted solid gains ahead of the fed decision. nicole: that is right. everybody focused on the fed about an hour away from now. very accommodated if fed, and we're watching a market hitting new all-time highs in the dow jones industrial. of almost 56 points at the moment showing you some names that hit some highs today including nativ united technolo. hitting the highest levels we've ever seen for those names and we cannot leave out verizon. the highest levels we'v we haven

melissa: yeah. absolutely. adam: uh-huh. melissa: yes.e football games and stayed outside the stadium and had a beer with everyone else. adam: you were a beer fan. melissa: i played polo in college. i don't really advertise that a lot. adam: you rode a horse and doing polo. melissa: i was captain. adam: pass the grey poupon. melissa: all right, on that note, forbes is releasing 2013 list for the most valuable basketball teams. harvard obviously. being a number one seed having a value over $38 million mean the national championship is a slam-dunk? we have the forbes chief executive editor and he joins me now with who tops the list. but before you tell me who tops the list, how do you, what variables do you use? how do you calculate this? >> oh, it is based on revenue from television tickets and premium seating primarily. congratulations on harvard. melissa: thank you. >> maybe we shouldn't be surprised? that is jeremy lynn's alma mater. maybe, you know, kind of have to expect this these days. melissa: it's possible. i don't know about that

melissa: there you go.re watching last hour you missed an exclusive interview with celebrity chef bobby flay. cheryl casone talked to him about his company's expansion plans and why owe is waiting to open a location of his burger chain in new york city. take a listen. >> very expensive to build a restaurant here. so much so that the $10 check average at bobby's burger palace. it would take a lot of $10 check averages to pay the rent. not to say we wouldn't do it. at some point i will have to make my wife happy. she keeps saying to me every time i want a burger i have to go to paramus to the burger palace? melissa: he talked about the rising price of beef and how it is affecting his business. he is not ready to pass those costs to consumers. lori: that is a good way to fight fatigue. eat well. has to be more of a priority. >>> did we learn any lessons from the great recession? too big to fail is back in the headlines on a new push in washington break up the banks. melissa: walking the walk and talking the ta

♪ melissa: welcome, i'm melissa francis. lori: good amp, i'm lori rothman.tocks down 50 points after being down 100 points earlier in the session. now, the case for dow 16,000 in the next 6-12 months, wouldn't that be nice? how you should position your investments now. melissa: and strike a bailout deal or else, the european central bank threatening to cut awfully quiddity to cyprus by mundt if there is no deal. lori: what do you think lou dobbs will say? he'll join us on washington's stopgap effort to keep america's a government funded. stocks now, it's back down to the floor of the new york stock exchange and nicole petallides. stocks areeoff the lows of the today but still trending down. that's the sentiment day after the fed, isn't it? >> reporter: right, they are, indeed. we are seeing a stronger dollar, the vixx is to the upside, lori and melissa, and you're seeing a market that has had down arrows all day long. yesterday during the middle of the day we hit all-time record intraday highs on the dow jones industrials, today worries remain about europe,

melissa: happy monday to you. i am melissa francis. lori: i am lori rothman. china concerned. katie stock and two windows on why is looking for a pullback before the s&p. melissa: we are heading live to the trading pits of the cme. lori: the government failing to strike a deal to avoid sequestration. what they be able to come to a budget agreement before arch 27? melissa: what is the fair share when it comes to taxes? lori: time for an update on the stock market. global concerns weighing on the market today. sandra: that is right. there is a lot of concern about growth in china. the dow is down about 38 points. the nasdaq down about nine. the s&p 500 down about three. china is the largest consumer of oil in the world. that is weighing on commodity prices, as well as the dow. united technology is also down a couple percent. definitely the fact that the service sector in china grew at a very slow rate, that is what has these markets down today. back to you. melissa: oil prices dropping. phil flynn is at the price futures group. concerned about china. sandra was just talking abou

melissa: really?th sides of the aisle can agree, yes, that we have to get spending under control. sometimes the leadership maybe is not agreeing but the members themselves, when our in our conversations, our private conversations we understand that we have a responsibility in front of us. if the country can't afford it at this time, then look at something we can. what paul ryan's budget did do, it put something else in place. and if you have the opportunity to look at it, realize, we're not just totally bunting or punting national health care down the road. we're saying put it with something that will actually work that this country can afford that will take care of those individuals that we really want to take care of. melissa: congressman, you look at some other comments and things, for example. you look at sequestration, the $85 billion there. you point to the fact that the federal government made 1150 billion in improper payments to people who weren't entitled to receive them or haven't provided d

melissa: yes.an sachs ceo said he developed a new policy on a pressing matter that affects employees, shareholders and investors around the world. what is it? charlie gasparino has the latest next. melissa: take a look at the 10-year and 30-year treasury as we head out to break here. we look at a dow up 51 points. yield on the ten year rising one basis point, over 2% now and the yield on the third year rising as well. we'll be right back is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, 'll find se good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. we asked total strangers to watch it for us. thank you so mu

melissa: thank you so much. president obama said his health care law would lower cost but a new study just released is another example of how that is not really the case. adam: we will tell you how much more it will cost you. and you think lou dobbs has an opinion on this one? we will find out next. melissa: market down 50 points. the pound lower in japan, but higher in canada. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get rrie have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be ae to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. melissa: oil prices edging back from the five-week-increase in supplies, our next guest says giv

lori and melissa. melissa: peter barnes, thank you so much.hat you study really makes a difference in terms of your income. it really shows the unemployment rate college versus no college, you still have a much better chance of getting a job. lori: those initial years out of school. long-term here is what our charts indicate. melissa: it is not a free ride and you are still getting an expensive degree. lori: you want to put a punctuation mark to that? peter: it is a trade-off to what will the degree cost and what do you have to to make? and you can go to school for two years, payless and make more. lori: you have to factor your loan amount into the earning equation. it is so easy to get that cheap money and it allows the universities to charge higher tuitions. that scandinavian literature degree, maybe not such a good idea. thank you, peter. be sure to tune in tomorrow at 4:00 p.m. eastern. peter barnes is sitting down with newly minted treasury secretary jack lew. melissa: how important is the balanced budget. they offer to get us in ten year

melissa: who cares. that is what the government wants is to get the average guy back in. >> i am a big believer in renting. we should remember that the last time around before we tried putting everyone from rental into housing. it is that this is an investor recovery that will not have lasting effects. melissa: why? >> how much can we support 100% cash transactions in the housing market? eventually, the housing market will reach equilibrium. some big fonts have already pulled back on this model of purchasing housing to rent out. that yields just are not there. melissa: anthony sanders, interesting perspective. thank you so much for coming on. adam: one day sent cyprus received a last-minute bailout. banks still remain closed and that is intel thursday. any indication they will push the pay back any further? rich: protesters have been walking by. they have been almost daily here. they are angry about the bailout. >> they want to destroy our country. they have all of these political issues. they are not he

melissa: welcome, i am melissa francis. lori: i am lori rothman. investor enthusiasm pushing record territory after setting a new all-time closing high yesterday. the case for why stocks will go even higher. melissa: or very own statement on the market, lou dobbs joins us with historical perspective and whether or not to trust the rally. i will try and call it together here. lori: today the weather shutting down washington but congress is still in session. the house to vote this hour on a $1 trillion budget to keep the government funded through the end of september. melissa: gas prices ticking lower, but how long will it last? lori: you sound horrible, what is going on? why drivers will be shelling out less at the pump. somsound bad, but you look grea. melissa: before the new york stock exchange. nicole. nicole: good luck, hope you feel better throughout this hour. we noted the dow hit record highs today, the highest ever. we took out the 2007 levels, went beyond that yesterday, today even further moving up 14,320, and we're still holding onto gain

melissa: i am melissa francis. war room for stocks to run even higher. lori: lou dobbs weighs in on a different record. we will ask lou why we still have a trillion dollar deficit. melissa: american petroleum, jack gerard says -- lori: you may not know the e aerospace by name. look at the airline industry. melissa: let's get to nicole petallides on the new york stock exchange. nicole: we are looking at the dow jones industrials holding off on some very stellar game. we have not seen these highs since 2007. we have now surpassed those highs. the s&p and nasdaq all up over 1%, as well. as far as what we are seeing here, big picture, we are watching sectors here in the united states. i wanted to also take a look at the dow intraday. we have most of the components well into the green. just a few now participating in today's rally. i wanted to take a look also at the vix, the fear index. we have certainly seen it quite volatile over the last couple weeks. today, you can see a serious pullback. we had big games. we pulled through our record. back to you. lori:

melissa: right. lori: hot pants. i was thinking of menu item. melissa: no.nternet gambling is legal in only three states. that could soon change. some public companies are ready to jump in. dennis kneale on the push for online wagering next. ♪ . all stations come over to mission a for a final go. this is for real this time. step seven pointtwo one. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >> good afternoon, everyone, i'm sandra smith with your fox business brief. it is a bearish day on wall street, putting the dow's 10-session run in jeopardy. the s&p 500 is also backing off from its near record closing high. even as the point gone faces budget cuts and forced employee furloughs the department spends nearly a billion dollars a year on unemployment benefits for former troops who left the military voluntarily. eligibility for military compensation requires only that a p

melissa: thank you so much.he white house says president obama will release his budget on wednesday, april 10. this news coming as we also learned that the president is trying to break for again with republicans. the president met with gop leaders at the hotel. he is asking key republican party numbers to another dinner scheduled for next month. adam: wanted you like to be a fly on the wall in that room? melissa: maybe we could be waiters. adam: they probably argue over hors d'oeuvres. melissa: is the path prosperity lined in red or blue? adam: lou dobbs will be here next on whether high or blue state taxes are forcing people found. ♪ 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. >> i have your fox news minute. two u.s. -- it's me. practice runs over south korea. north korea threatening str

melissa: investors beware.investors are being ripped off. >> thank you so much for having me. melissa: your book really focuses on the fact that there are high net worth investors now. there are more millionaires in the world. they are being targeted by wall street. >> wall street goes where the money is. wall street wants to get rich. the high net worth investors want to get rich. wall street gets a hold of them and it is a slow drip system transferring money. they end up with more of your money than you do. melissa: it is these and riskier investments. >> trading bonds for their own portfolio to you. it is a dangerous business. >> even if i do have $5 million in investable assets, you are saying that i still need to investigate what is going on and portfolio. that is like a portfolio manager, basically. >> hopefully less. i would try to negotiate hard to get it for less than not. melissa: i was looking at a pool, the amount of high net worth investors is more bullish than they have been in three years. >> it

melissa: i'm positive. lori: guess what. it is tax time. melissa: it is tax time.ays tax time. lori: they're probably going up. the corporations are feeling the burden as you so eloquently explained to us and so are you the consumer, mom-and-pop. 6 trillion hours, that is how many hours americans will spend trying to comply with the tax code in an effort to file their individual returns. with four weeks to go until taxes are due, our own cheryl casone is looking at the tax pain in a special week-long series. the focus is how the wealthier handle filing fees. a lot more rules. >> who better to ask, right, what are wealthy americans doing? what are small businesses doing to combat with, not just filing in 2012, there will be a few changes but what will you do for 2013. how will you structure what you're paying and not paying now? what deductions are you looking at that will take effect next year that save you on the tax bill? that is crucial. we wanted to go to experts to find out what the wealthy are doing. we had scott hodge from the tax foundation, talking about t

melissa: welcome. i'm melissa francis. lori: i'm lori i i rothman. voting to delay a tax on the bailout, and now there's reports the finance minister is stepping down. we have reaction with the trading president, the former cypress trade representative to the u.s.. he'll be joining us. >> treasury secretary jack lew meeting with the chinese president on the agenda of growing concerns about china ease role in cyber attacks. melissa: targeting seg represents in new york a week after a judge rejected the ban on large drinks. we get the verdict with the judge andrew going after soda, ear buds, cigarettes, what's next? seriously. lori: only can guess. it is back down to the floor, new hour here on "markets now," and i know cypress is driving action again today. >> it is. we are seeing headlines that the president will be talking with angela merkel, obviously, another development pertaining to what we see in cypress, which then, obviously, really rules the e.u. markets and our markets here at home. yesterday, for example, we lost a lot of money in the glob