now, it is the stomping ground of the milken 2013.he greatest gathering of the wealthiest and smartest people. welcome. it is the last hour of trading. a pretty good rally we are having right now. the dow jones industrials jumping about 120 points. bernanke was worried about vulnerability in the markets. we are up nearly a full percentage point today. we are watching the s&p 500. that is on track for a new record close today. the records are back. we are above it right now. we may see another record. let's get to delphi automotive's. it is a game right now. it is not a bad picture for delphi automotive's. we also have disney. they are up more than 1% at the moment. that is a widely held stock. take a look at nike. nike jumping about one and a third quarter. the technology sector, that is the big winner right now. you can see with the nasdaq moving the way it is, it remains rather healthy. it is up 33 points at the moment. technology does remain one of the worst sectors for the year. healthcare looks pretty good. it is up year to date.

let's bring it back to the milken institute.rom innocent study recently found that new startups are declining. the place is crawling, by the way, with entrepreneurs dying to hear from the best and brightest in the business, but a business creator is looking to revolutionize the startup landscape so for all you would-be startups in your mind, listen to steve case, the co-founder of america online, the world's largest internet company under his leadership, currently serving as chairman and ceo of revolution, and you've done a lot of work with the administration as well helping small businesses find their way. you just were on a panel called "fueling american entrepreneurship," so what do we need to do? >> recognize that's what built america, the story of america is not just about the democracy, but the entrepreneurs who built the economy. that's why we have the leading economy in the world and envy of the world, but we're seeing entrepreneurship globalize and other countries figure out the soft power, the american success story is

all that coming up live from the milken conference.you have an old friend of mine, uri miller in, right? liz: indeed. he'll say hello to you. david: haven't seen him in many years. we'll see more of liz tomorrow from beverly hills. meanwhile, "money" with melissa francis is going to take you home. that's next. ♪ ♪ melissa: i'm melissa francis, and here's who made money today. the bulls who are all in on the s&p 500, the index hit a new all-time high today topping the previous record set on april 11th. tech stocks like hewlett-packard, ibm and microsoft helped lead the way. the s&p 500 is up nearly 12% this year. also making money, lo lean jobs, the widow of steve jobs. lorene's trust is disney's largest shareholder, and disney's stock rose nearly 2% today. she owns close to 131 million shares of disney. that means she scored a gain of clash 148 million -- $148 million. well done. also, bill knig,

let's head to liz claman, milken institute global conference, liz.the hallway kept coming to our monitors to see how the markets were trading very much because of that, that s&p 500 record, david. just a short time ago, i was able to grab goldman sachs's senior investment strategist, abby joseph cohen. among other things i asked her what she thought about the fact that major markets are sharply higher this year and new highs for the s&p 500. here is what she said. >> what is happening, liz, the u.s. economy is recovering. it has been growing obviously in fits and starts. we can talk about some of the problems. the economy is growing. jobs are being created, more slowly than we might like. profits have been good. so the u.s. economy is, providing the support and the valuation for the stock market has been also helpful. we started this move up in stock prices from extraordinarily you know valued levels. liz: here we are with the s&p having perhaps best monthly gain since 2009. you are still bullish. is there anything you see on the horizon that warrant

and the milken conference. the global conference sponsored by the milken institute.e of the most influential names on wall street. people allocating capital in a market that continues to move higher. it just won't quit. up next, peter weinberg will join me. cliff robbins. and boone pickens also joi

and the milken conference. the global conference sponsored by the milken institute. coming up i'll be talking to some of the most influential names on wall street. people allocating capital in a market that continues to move higher. it just won't quit. up next, peter weinberg will join me. cliff robbins. and boone pickens also joining us, founder of bp capital. all ahead. >>> first, a huge day on the street today. s&p 500 trying to close at a record high. take a look at how we're selling out on the street today. dow jones industrial up 105. volume on the light side. nonetheless, prices on the upside. nasdaq composite up 27 points today. almost 1%. finishing the day at 3307. s&p 500, 1593. gain of .75%. 11 points higher on the standard and poors. more on today's big rally and bring in eric ristubon of russell investments. andrew keen. doug cody. and kenny pulkari of o'neill securities finishing up his trades and will join us momentarily. good to have you on the program. eric, you saw the friday gdp report having an impact today. despite the disappointment, how is that

and the global conference sponsored by the milken institute. the dow jones industrial average closing in the green today after being down better than 80 points earlier in the session. we had the buyers swoop in late in the day, take a look at how we're finishing the day on the street again once again. buy on the dip pen tattlmentali. the nasdaq up 21 points at 3328. and once again, another record high for the standard & poor's 500 index, even if just barely, up another 3.5 points to another all-time high of 1597, inching towards 1600 now on the standard & poor's. the major averages coming back from early lows today, putting april on the record books for the s&p 500 and the dow jones industrial average. let's get you over to bob pisani, who's recapping the month that was. bob? >> i just want to reiterate again, the s&p did finally, right at the close, hit an historic intraday high, 1597.37. put up the s&p 500, and we can finally make it into that record territory on intraday basis. for the month of april, we were in positive territory. however,

remember when they did to milken? i'm not comparing steve cohen to milken. been charged with anything but i'm using this as an example. when they went after milken agreed to a plea, he agreed, to a plea agreement, he pled guilty. he spent i think a year in jail or couple years in jail. i can't remember. big thing they made him give you have half his net worth, which at the time was considered huge, two billion dollars, he had to give up a billion. with cohen there will be a lot of money. they will not just cut a deal and walk away. what i'm say something all speculation. i don't know what is going on. i do know that the government is worried about that july, that july statute of limitations running out in july, in the summer sometime. they, i know this from us sos close to the justice department that they know that is an issue. melissa: okay. charlie gasparino, thank you so much. >>> proggrease on the keystone pipeline, a plan to bypass the president moving forward in the house energy and mineral resources committee. its chairman, congressman doug lamborn jo

he joins me from the milken institute.ss the launch of first legal online gaming website in nevada. and how exciting the gaming industry is to have online gambling back in the united states. just what we need, right? that is, hey, it's a valid debate. it is a good generator. lori: blow it all on red, right? melissa: 5:00 p.m. eastern right here. lori: we want to leave you with this bit of breaking news. we're learning the exact size of apple's debt deal. $17 billion. that is the biggest ever non-bank bond deal. apple gear up to fund a $100 billion capital program for shareholders for sticking with them when the time the shares were over $700 and now they're trading $443.80 a pop as you saw there. coming up blackstone joining white house push to hire more american veterans. steve schwarzman the chairman joins tracy byrnes and ashley webster next on fox business. don't miss it. change makes people nervous. but i see a world bursting with opportunity, with ideas, with ambition. i'm thinking about china, brazil, india. the wor

now, it is the stomping ground of the milken 2013. wealthiest and smartest people.

and the global conference sponsored by the milken institute.ndustrial average closing in the green today after being down better than 80 points earlier in the session. we had the buyers swoop in late in the day, take a look at how we're finishing the day on the street again once again. buy on the dip pen tattlmentali. the nasdaq up 21 points at 3328. and once

want to talk about one of the main headlines out of the milken conference and that is immigration.hain, gaming chain, et cetera, such as yourself, this is a major issue for you. what would you like to see on that front and how will that impact your business? >> well, first, we've got to solve the immigration problem in this country. there's so many millions of immigrants over here and lots of companies are employing them, and they have paperwork but we don't even know if it's the right paperwork and we've got to find a way to make a great majority of these legal citizens. they're really a huge backbone of our country in helping things every day. helps get those meals on the table. it helps us in every aspect of business. we need to do something. it's been long enough. >> i'm curious as to how this will actually -- if we were able to legalize some of these immigrants who are here and straighten out the paperwork, et cetera, how much could that possibly save you and will that at the end of the day create more jobs? >> it would. but it would create more jobs. i think at that point, th

frenzy of the early eighty's and michael milken and all these guys rose up and they became the you know the masses. there's a universe and a masters mergers and acquisitions masters. and we don't really we haven't significantly reinforced the sherman act since then in my in my telling history was some accuracy here and if so what do we do about this. you've told the right story it's not just a trusts activity though that that's relevant here because it might be that the local cable monopolies would never compete with each other i mean they didn't divide up the country back in the mid ninety's you take sacramento all take san francisco you take minneapolis so comcast controls the market in boston and philadelphia and chicago time warner has its own territories it might have been that those guys never would have competed so competition policy would not have protected americans but that's where oversight regulatory policy plays a role and it all the other developed nations of the world there's real concern about how much people pay for this very basic input into everything we do and the co

usiness crew and i are just sitting across the country, first of beverly hills california for the milkenconference. i will be broadcasting live monday, tuesday, and wednesday, interviewing influential business leaders such as bill ford jr. of the ford motor group, the executive chairman at the abbey joseph cohen. and then on thursday, yes to the entire crew and more so. crisscross backup for across the nation to ormoc, neb. throw wild and information filled weekend with warren. warren buffett to mark your calendars because a week from monday at 9:30 a.m. eastern in a fox business live exclusive, i am hosting a joint interview with warren buffett, berkshire hathaway vice chair and bill gates, the chairman of microsoft. plus, who is that question mark? is a mystery guest. but its business is the only place you will see this amazing conversation. we don't just talk about berkshire hathaway. it is always and is making our. live from the hilton with the unbelievable guests all they want. everybody plus warren buffett's three adult kids to wallow i tell -- call them the kids. the closing bell

i'm maria bartiromo coming to you from the milken conference in l.a.e next two hours i'll be speaking to some of the biggest names. peter wineburg. boone pickens. a whole host of people who are making money in this bull market, bill. >> looking forward to that. maria is in my hometown. i'm in hers. bill griffeth at the new york stock exchange. bums running wild again today, maria, put the s&p on pace to close at a record high. as mandy was mentioning, one of the leading groups in this sector have been the utilities. they are hitting yet another five-year high today. coming up we'll look atth

he joins me from the milken institute conference in california. like you're in the middle of a casino there. it is so loud behind you. thanks for coming on. >> hey, melissa, how are you doing? melissa: good. are the casinos in nevada empty today because everybody went online and they're gambling? >> i tell you that wouldn't be good for any of us. it is an interesting concept. vegas is more of a test run for everybody. nevada doesn't have the population. also casinos are so close to everybody when you look at the population. so you really not going to make any money out of it in nevada but let's a lot of kinks get worked out. when it happens in new jersey with the heavy population it could really mean some dollars to people. melissa: that is a really interesting point because you have to be in nevada in order to be able to game online there. that is the point that you're making. does it have to be that you can gamble across state lines in order for this to really work? >> absolutely. especially, you know you've got to have states that can do it whe

. >> yesterday on "squawk on the street," and at the milken conference maria bartiromo asked marc andreessenartnership making apps for the device. >> this thing has the potential to have the potential and the range of things people will be able to do and just think of every emt and medical professional in the group having videos and diagrams for every medical procedure they can do in the field at all tiles. it's a really big deal. >> it brings us to this morning's squawk on the tweet. what kind of app would you design for google glass. lance was on the today show. there's me trying them on and matt lauer trying them on. we'll hear more about them, jim. the only question is it a revolution or you have a segway? >> the segway, wow. you have a company that's innovative and we generate things that ye used to hear from apple and it calls people attention to the fact that will google is an inexpensive stock that does cool staff. cool stuff doesn't move the needle itself. it's not an expensive stock and they seem to be at the top of their game. people want to work there so badly, carl, the hardest

. >> milken, maybe? >> yeah. >> i don't think so. >> he might be close if -- >> if. at the firms continue to tell me business as usual. you have to remember, what, they have about a hundred different teams that run their own pnl, essentially and they're kind of doing their thing as is saying, well, you know what? you can't necessarily focus on every single day what's going on here. they're in there to make money and they're all economic animals. so what i hear whether investors are trying or not, much of that capital, of course, continues to be cohen's and the rest of the firms. >> absolutely, david. you know what's interesting is i've gotten the same tone from folks inside sac. it's business as usual. in fact when the legal stories or media accounts come up and you ask them about it, we put martoma behind us and we're moving on and this is a non-issue in the firm. to us on the outside that is hard to believe because there are serious questions that need to be answered and we heard about redemption headlines and statutes of limitations and so on. i do think it's a te