founder steve macdonald is self-funding his app project with just a few other investors, and says billion-dollar deals aren't something he thinks about. "i don't really give it a second thought. you develop your product, you work through the process, you hope someone likes it, and if something like that happens, great. if not, we'll keep building our product." mamabear isn't charging for their product yet because they're waiting for technology to catch up to their vision. "downloads are driven by reviews. if you're going to charge something, it better work, and it better be very dependable." until then, the mamabear team will continue to update things like gps technology and buttons. for first business news, i'm jackie keenan. apps are big business. apple alone has 3 billion downloads per day from its app store, totaling more than $200 million. coming up, tips on how to reduce insurance costs for young drivers behind the wheel. that's after the break. questions are arising about why it costs so much more to buy car insurance for teen drivers. joining us via skype this morning, laura adams of ins

steve cohen will be criminally indicted. that hasn't happened yet. i will give it back to you guys. ashley: liz macdonald.. charlie gasparino will be here at the bottom of the hour to kind of have his thoughts that have been all over this story from the very beginning. >>> well the spending battle heating back up in washington. we'll tell you how both side are honing their attack strategy. that's next. tracy: plus our special report, "america's shale boom." two top energy analysts share picks for cashing in on energy surge. speaking of energy, we have to check in on oil, the dow is up about 7 points right now. the oil is up slightly, $105.47 a barrel. we'll be right back. tracy: it is a quarter past. we have to check on stocks. nicole petallides still on the floor of the new york stock exchange. we're almost green again, nicole. >> that's right. we're watching the back and forth action on the major market averages. take a look at facebook. facebook with a huge, huge move up 26% right now so that is the largest move here for the stock ever. it is getting closer and closer to its ipo price of 38 bucks and t

macdonald. great to have you with us. this is a block buster set of charges. >> it is a block buster set of charges, and we're waiting to see if steveohen himself is criminally chargedded. we asked at the press conference, if, in fact, they plan to do that. he said, we are not going to p comment on what tomorrow may or may not bring. we asked the top official at the fbi if they are developing a criminal indictment against steve cohen, and he says they are pursuing all leads, and and it could be a developing story. this is my last sense of the fbi saying about the case, lou. lou: would you clarify the charges gebs the firm, against the individuals? where -- what is the object of the charges, specifically? >> the object is specifically rampant insider trading. in other words, the 4 is 1 -- 41-page indictment encouraged cheating and recruited executives with insider contacts to get that information, and the indictment says that steve cohen was rewarded, basically, he rewarded individuals for passing on inside information to him, so, ewe know, this is a case, basically, where sac is saying we are operating with honesty, no freeze on the

macdonald was a really bad speller? your word is...cow. cow. cow. c...o...w... ...e...i...e...i...o. [buzzer] dangnabbit. geico. fifteen minutes could save you...well, you know. >> steveted. >> i'm so excited. he's from miami. >> steve: he is. kelly, thank you very much. >> kelly: my pleasure. >> steve: anna, you, too. >> anna: i'll be back tomorrow. >> steve: excellent. see you then. so long, everybody. bill: good morning, everybody. on a monday, fox news alert. tragedy hitting a church group in indiana. youth pastor and pregnant wife among three people killed in horrific bush crash. the driver said he simply could not slow down. the bus went airborne before skidding on the road before slamming into a highway barrier. people on the scene rushed in to help to do what they could. >> first one i came up on, and he was bleeding pretty bad. so i stole somebody's belt best i can remember and got a tourniquet on his arm and tried to help everybody else. tried to get everybody that could walk away from the bus. bill: tough story to begin with.