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Augusta-georgeSinger-monSvadbaSklovska-sisaJuraj-lelkes as far as the big picture on our economy, we got in our retail sales numbers. people are feeling a little weary at this particular moment. melissa: thank you so much. lori: jpmorgan chase, wells fargo, those without first quarter earnings. >> wells fargo trading down. both seeing signs of an economic recovery. they're reporting $1.59. you look at what they actually have as far as revenue for all the units within the bank. $25.8 billion. essentially, they are just about there. wells fargo, taking a look at them. ninety-two cents was the unadjusted share. the street not happy. 21.59 billion. this is a perfect way to sum it all up. jamie dimon said "small businesses remain cautious about the recovery and fiscal uncertainty are not investing their capital. back to you. lori: thank you so much. melissa: beating the street on first-quarter income. jpmorgan and wells fargo reporting a drop. demand is slowing. could this have a major impact on the banks going forward? joining us now is jim sinegal. thank you for joining us. what do you think about this trend and does it continue? >> yes. you know, i think it was something that was not unexpected. rates have been low for a long time. banks have been benefiting from high refinancing margins. there is not a lot of players doing it. it has been very profitable for the banks. melissa: what would turn things around for them going forward? some people make the case that low rates are benefiting the bank. won it they do better if rates went up? >> i think most of the banks are positioned for higher rates. you cannot have a scenario where high-yield runoff. we need higher rates in order for them to get higher yield. when a bank is holding or gauges, yielding 2.5-3% because that is the best deal they can get, that is not good. it is to see credit shrinking. it is not a good sign for the economy. definitely not a good sign for the banks. melissa: the regulatory department is getting tougher. it is not likely that that in particular will go through. it still gives you insight to what they are thinking and feeling. >> uc jpmorgan peered one of the best managed banks. they had some problems with the stress test. there have been various new rules and regulations. i dow it will go through. they have not forgot about too big to fail. they still have regulators and legislators on their back. melissa: what did you think of jamie dimon? >> you still look at the situation in europe. when you look at what is going on in japan. they have been trying to reverse that for, you know, at least 20 years now. they are just getting more aggressive in the quantitative easing. it just makes you think twice about what are the benefits of wanted. it easing. while jamie dimon would like to be positive, i think there is a lot to be worried about. melissa: meanwhile, you lowered your rating on jpmorgan. >> we do give them some credit. they have been having a little bit more trouble cutting expenses than i expected. if you look at what they are earning now, they really need some help from the macro economy in order to earn any more. melissa: we all need some help from a growing macro economy. jim sinegal, thank you for coming on. lori: charlie gasparino is here with us now. charlie: we have a very good relationship. i want to answer the question the other guy really did not when you ask him what jamie dimon is really worried about. he is worried about higher interest rates. there could be a massive increase. he is really worried about fiscal policy. when he was with president obama yesterday, the one problem that he knows that everybody in the banking business knows, the fundamentals are in place right now for the economy to grow significantly. the question is, i know jamie is worried about that. why didn't you say it to obama? you have sources. you can read behind the lines in that report. among the thinks he is worried about is what is coming out of washington. when you break down what is coming out of washington, you can say what is the republicans fault. i am just talking factually here. they did impose those the cluster. i think a lot of people do not like that. those are some pretty marginal cuts. however, when you look at some totals coming out of washington, democrats are two thirds of the deal there. not only that, they are pushing for taxes and, you know, corporate taxes and business taxes. you name it. we talk about why our economy is not growing, it is a lot more about this the cluster. lori: what is going on with hank? charlie: i am a little early on the story. i want to plant my flag in the ground and say when this starts hitting the you know what, want to be out there first. there will be a battle. eric schneiderman is maintaining a lawsuit. it was about eight years ago. it was about accounting fraud. that lawsuit has not been settled. parts have been thrown out. parts have been captain. the part that has been captain, schneiderman is basically still pursuing that. i think, basically, hank has had enough. he feels that he is given back to shareholders. he thinks that eric schneiderman should just leave them alone. schneiderman thinks that there is fraud here. this will obviously materialize in court. this is where it will be interesting. some sort of an extra legal battle, pr battle. hank will go after this guy. that could mean that he goes to various legislators. he could go to congress. look at this guy in terms of an abuse of power. there will be a pitched battle between these two guys. you know, knowing hank, it will be very interesting. i cannot wait until it happens. it will be a good story. i think, the way hank will go after it is we have federal authorities who have basically drop their cases against me. we have a state authority that is basically preempting federal law and goes after me for nothing then press and publicity. i will go after him in a political way. i am telling you, it will happen. i have to watch my sourcing on this. just say i spoke with people close to greenberg's office. i also spoke with someone from schneiderman's office. this is a case we want to bring. we think there is merit to it. i am telling you, i am not picking sides, i am just saying stay tuned. melissa: charlie gasparino. lori: you have your work cut out for you. thank you. melissa: the impact on luxury stocks next. lori: decision date and the battle between macy's and jcpenney with martha stewart. melissa: saying i do with used wedding dresses. lori: a huge down day for battles. gold down. that is almost 4%. we will convert that more in depth shortly. stay with us. ♪ lori: breaking news. fox news is confirming groundbreaking jonathan winters has passed away. he was 87 years old. he influenced names like robin williams and jim carrey. talk about improv skills. jonathan winters died of natural causes. i know you as a child actress also appeared on the program. that is a loss. melissa: from that to the market, as we do every 15 minutes. let's check the market. nicole petallides is on the new york stock exchange. nicole: let's talk about the retail stocks. steers to the downside. limited brands and the gap holding up arrows. on a day where the retail mix is higher. the resiliency of the american consumer is the story. consumer sentiment came in. that was weak. we have seen barclays and goldman sachs revising. one of the things that people were blaming was the colder weather. the other would be the fact that people have less money on their payroll checks. lori: there you have it. more breaking news to get to. let's get right to lauren simonetti. we have an advancement on the story with jcpenney's, macy's and martha stewart. >> we are trying to get the story. it looks like, at least for now, it is a win for jcpenney. they can sell the martha stuart products. they can sell those products in jcpenney stores. this is why this is such a big deal. we will show you a full screen right now of two items, two pictures. these were presented in court this week. basically, asking the judge to hold up the pictures and if he noticed any difference. he did not. there are many other items like this including stemware. on jcpenney's website, they have many items in this category that safe shipping and one week because jcpenney has been waiting to get these items stocked in their stores. quite honestly, they need the revenue. back to you. lori: thank you, lauren simonetti. you just solve the shares of jpmorgan trading lower. we will continue to follow this story throughout the afternoon. melissa: we are live in the pits of the cme. lori: we will have the latest on that bench clearing brawl between the padres. melissa: you can see the dollar is stronger against the euro and the pound. we will be right back. ♪ 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. at tyco integrated security, we consider ourselves business and aoptihow?rs.. by building custom security solutions that integrate video, access control, fire and intrusion protection. all backed up with world-class monitoring centers, thousands of qualified technicians, and a personal passion to help protect your business. when your business is optimized like that, there's no stopping you. we are tyco integrated security. and we are sharper. ♪ >> 23 minutes past the hour. hi, everybody. i am jamie colby. this is your fox news minute. john kerry is in korea warning to not test a launch missile. north korea is abll to arm a nuclear missile. he is kicking off four days of talk in asia. china and japan also on the itinerary. chinese health officials are reporting another bird that flew. eleven people have died over the past two months. twenty-nine people infected. all cases have been in eastern china. back to augusta georgia where we are keeping a close eye. today is the second round of the 77 master tournament. those are your latest headlines on the fox business network. i am jamie colby. sending it back to melissa and lori. lori: thank you, jamie. so many traders are probably watching the masters. we want to recap you some breaking news. the new york state system judge denying macy's request to expand a block on jcpenney sale of martha stewart product. macy's has not shown it would be harmed by jcpenney sales. jcpenney can sell martha stewart's good under the label jcp every day. shares of macy's and arthur stuart are higher. this is the best news for them. commodities just getting crushed today. oil and gold. today. let's get straight to the pits of this cme. you would have thought two of the most geo- political commodities would be benefiting from it. we saw that when cyprus was coming and confiscated basically a portion of some of the people that are, you know, have some savings in the banks, when that news broke that should have been a bullish catalyst for us. there was a lot of talk that cyprus would have to raise additional capital. they will sell more gold. other countries like spain and portugal will also take part in this. we are down at 1500 right about now. melissa: everyone taking a big wheel about where it officially entered bear market territory. we are well below that right now. talk to me about oriole as well. moving below the 200 day average. >> olio selling off. you start looking at some of the fundamentals of oil. we are pumping out about 7.18 million barrels per day. fundamentally oil prices should be in that 90-$88 range. if they do that, then i think we will see a sharp reversal back up. melissa: good stuff. thank you. lori: starting pitcher of the dodgers is out with a broken collarbone. he was injured during last night's brawl with the padres. a player was hit with a pitch for the second time in four years. clinton charged the mound. this could be a huge loss for the dodgers. he is signed to a six-year $147 million contract. that is $24.5 billion per year. it is one thing if you are injured while you are playing, but in a fight? melissa: he looked fine. to hear that he was so injured -- i don't know. does it not hurt that much or something? lori: it hurts. every fracture is different. it looks worse than it hurts a lot of times. melissa: anyway. a new chapter for venezuela voters. headed to the polls this weekend to decide the success of hugo chavez. lori: why to keep the faith. thanks, of course, to the fed. ♪ are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. . .. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. lori: time for stocks now as we do every 15 minutes. 's head to the floor of the new york stock exchange with nicole petallides. she is looking at home depot. what is the news, nicole? >> consumer stock and dow component. you can see home depot up 2%, hitting yet another all-time high this year. jeffries came out with analyst call to raise the company to a buy from a hold. they don't seem particularly worried about the cold weather we've been seeing. they have a bullish view for sales near term and intermediate term. we're talking about the spring selling season. this is big-time from retailers home depot and lowe's. a new all-time high for home depot. back to you. lori: thank you, ma'am. melissa: let's get back to lauren simonetti at the courthouse this morning. lauren? >> the state supreme court behind me a judge ruling that jcpenney can sell some of these items designed by martha stewart for jcpenney under the jcp everyday label. you would imagine that j.c. penney's stock would surge on news like this but it is much the opposite. this win for jcpenney not showing much of a reaction in the positive on wall street. one. issues we have to talk about right now is something that the judge said, that macy's failed to prove that j.c. penny, selling jcp every day would harm them. if you know what, look how macy's has done over the past 52 weeks. if you compare macy's to rival jcpenney and rival coles and martha stewart on knee media, this is the stock not only positive but up over last 52 weeks. they're getting jcpenney customer con suesed by -- confused by everything former ceo ron swrons son did and jcpenney battling customers, many being remodeled for the bigger home departments which haven't necessarily come to fruition just yet. back to you. melissa: lauren, thanks so much. lori: markets are down today after disappointing retail sales. is this the end of the rally or will the markets correct and carry on? steve wood, is russell investments chief market strategist. he says recovery is underway, but we should expect volatility throughout the rest of the year. >> thanks for having me. lori: i don't know if i call 28 points down on the dow volatility after the rip roaring performance it put in the last couple weeks? >> i would have to agree. lori: everyone wants to know where this market is headed. what do you think? >> back to the fundamentals. the economy hasn't changed that much. our forecast is not that we'll have a recession in the united states. europe will continue lumbering about along creating problems such as it will but the economy is doing better than okay. despite washington's best efforts to mess things up and they're working overtime on that, private economy, housing continues to chug along. that is 2%ish growth environment. not great. not recession. the fundamentals have not changed a lot. what could be a big shift, sentiment and momentum have. how people feel about the market how they feel about earnings and how they feel about the economy is clearly undergoing a shift. that's what we're looking at now. lori: what about the sentiment this is too good to be true, the shoe will drop? we have david stockman and growing chorus of bears this is stock market bubble and what do you think about that market? >> i think bubble is premature. we're rerating and people pay more for a dollar's worth of earnings. if you look at s&p 500 right now, it will be $105 on the market. last time we were at levels in 2005 was 82. the same level is up on a lot more earnings. what that means the market is carb sus with what we've been in through 2008 and 2009 people are getting gun-shy. that said if we stable policy environment and corporations earn at these levels, the market deserves to be higher. that said there could be a little volatility. the market run pretty hard last couple weeks. if we see a bit of a selloff that wouldn't surprise us either either. lori: there is crazy the defense sector has sold off in the rally there is message in that combined with the breakdown of gold prices. everybody is all over the map in terms of what they're thinking and strategizing around where we are. where is your advice to put new money. >> valuations made a difference. gold got expensive. it was trading for other reasons than historic reasons. good point, russell defensive index show even though the markets rallied and has been broad, and market, 1000 and 2000 small cap, investors have come into the market with a cautiousness to it. there has been change in sentiment. it is still a little bit cautious. right now we're looking at globally diversify, multiasset strategies. which means you will have to do a lot of research, a lot of work. emerging markets have not done well but they're very, very cheap. the u.s. fundamentals are improving. but topping up at the end of our levels. so look at that i think you want to be in equities right now. you want to look at risk assets. extend out the time horizon. if there is defensive nature i think there could be next over 18 to 24 months, there could be upside to this market, upside, just to get you on the record you're not looking for big bubble bursting and not looking at deep, troubling selloff? might be one step backwards, one step forward a little more volatility into the mix but nothing that should cause an investor batten down the hatches? >> i think that is reasonable assessment what i think. very true. volatility, no. 3, 4, 5% pull backs are not that typical or newsworthy. what is newsworthy when you don't get those. pullback we look at as an opportunity. we done our homework to get in at better valuation. we think there will be volatility but we don't see a bubble in equities. we don't see a bubble in fixed income which is different conversation all together. housing is doing reasonably well in the u.s. and could offset the pullback we're seeing coming out of washington. could be a net add in terms of the health of housing, offsetting the lack of health in d.c.. lori: are you going back to the office and buy gold down, now down 60 bucks. >> bear market territory. lori: yes or no, on gold? >> we're not believers of gold unless we look at inflation. lori: thank you, sir. melissa: decision time six weeks after president hugo chavez's death, venezuelans will go to the polls to elect a new leader. maduro is well ahead in the polls. he promised to continue chavez's socialist policies after receiving the late leader's endorsement just before his death. economy and crime could have broad implications for the oil market. venezuela has the world's largest proven oil reserves even ahead of saudi arabia. blackberry is fighting back against claims z10 returns are exceeding sales even enlist iting the help of the sec. lori: you heard steve wood reference this quickly about interest rates. they're still at historic lows and falling but the stock market at these record highs, you have got people still selling off bonds. they don't need that perceived safety. 1.72 on the 10-year. the 30-year yield at 2.92%. suiting right back 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: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ >> i'm adam shapiro with your fox business brief. eli lilly is laying off 1000 people from its sales force nationwide. it is part of a restructuring process to cut costs and better equip the company for competition with generic medications. the cuts which account for 30% of the drugmaker's sales force should be finished by july. german investor jab is buying, de master blenders for $9.8 billion. de master blenders which has a strong position in europe was spun off from sara lee last year. american workers can't entirely blame the new health care reform for lost insurance coverage according to the robert wood johnson foundation. employer sponsored health insurance has fallen 10% in the past decade. employers have been dropping insurance coverage in an effort to counter the soaring cost of health care that is the latest from the fox business network, giving you the power to prosper lori: blackberry shares are bouncing back up over 3% since yesterday. the company fights back against one analyst's claims that z10 returns are exceeding sales. dennis kneale on this battle. he is fired up. melissa: you are fired up. >> because i have followed tech since 1983 and i have seen what happens when a brand new product comes out on the market. if it gets a bad taint to it, it almost never recovers this. is big story and could really devastate blackberry. its shares drop 8% yesterday, this report, oh, my gosh are returns exceeding sales? here is one clue to start with. look at the company's incredibly aggressive counter comment. they put out this statement this morning i think it was, maybe late yesterday. we have a pull quote of that comment. melissa: here it comes. >> reports of higher returns are a gross misreading of data, or a willful manipulation. absolutely without basis. black per which will not leave it unchallenged. then they announced we're calling on the sec and authorities in canada it investigate the origins of this report which is equivalent to a company saying we want a sec investigation of a journalist who put out a negative story on our company. three key questions, guys. first, how bad could it hurt? i already said it will hurt bad if they don't stop this. second does the company have a legit complaint? third can the company be believed? of course it can hurt. this legitimate company complaint. here's the thing. when you call for sec investigation before you have any allegations someone was in cahoots with short sellers, you instantly want a sec investigation, blackberry, do your even homework and do your own investigation. that is just bull. that is a just a smoke screen. can they be believed. look what they said. sales are meeting expectations. oh, yeah? what are those? return rates are entirely this line? what is that? give us the numbers. lori: that is important we don't have the numbers. >> and they won't give to us. long ago in ancient times, when was reporter at "wall street journal." that commodore had a big return rate. they came out with a statement trashing me, i misrepresented. melissa: how can you trash commodore. obviously a fantastic company. >> there you go. found out years later from the pr guy who passed away steven greenberg, were totally right in the story. returns were way too high. we got the shipment back. we fixed it and shipped it back out, technically our return rate wasn't inflated. well that is just a lie. it is not above companies sometimes to lie. melissa: you think blackberry show us the numbers. >> show us the numbers if you want us to believe about the returns. give us numbers if you say sales are exceeding expectations. when you're blackberry and you have been through a near-death experience the past two years how low are your expectations for sales of your product? they're really low. melissa: they will come get you now. >> call for an sec investigation. there you go. melissa: dennis kneale, thank you, sir. as we do every 15 minutes let's check the markets. teddy weisberg from seaport securities on the floor of the new york stock exchange. what do you think of this market today? >> they're trying hard to knock them down but we're very slowly climbing out of the hole that developed early this morning. not a lot of volume. for a market up almost 3 1/2 months in relative straight line, if this is any example of the kind of selloffs we're going to get, it's not what the bears are hoping for and what they would like to see. melissa: you know, we're going into the weekend here. we want to prepare our viewers for how they will trade next week and what is going on. what is the number one thing you're looking ahead to next week, teddy? >> earnings. earnings. earnings. i mean it is all about earnings. the expectations have been pretty well-guided lower. so far we haven't been overwhelmed or really underwhelmed. pretty much coming in as expected. but as we get into the meat of the earnings season and with stocks priced where they are, doesn't leave a lot of room for disappointment. let's hope this earnings season turns out to be like all the ones in the past. where lower guidance turns out to be a red herring and numbers come in better than everyone expects. melissa: teddy weisberg. you're fantastic. have a great weekend. lori: we never see that happen, when companies lower the bar. melissa: sandbagging. >>. lori: women that can help you get the most bang for your wedding dress buck. ♪ . sfot melissa: breaking news. get another look at jcpenney shares still losing ground despite at new york judge said they could sell martha stewart designed goods. macy's hasn't shown it would be irrep paably harmed by selling the good. macy's will appeal the ruling. >> your taste, alterations and your inbig investment. what if you could make money back and help out another bride on a budget? our guest is making it happen. we have the founder of preowned wedding dresses.com. welcome to you. >> thank you, glad to be here. lori: isn't there for some still a stigma about wearing a preowned wedding dress? >> you know, i don't think there is. maybe couple years ago when i started site it was. it is not uncommon to borrow a dress from a friend. in a way this is similar idea. lori: that is great comparison. this is browsing the website it is beautiful. my wedding dress has been in the closet for many years, wrapped in plastic. probably still has sustains all over, i'm thinking i don't know if i want to take advantage or use your service because my wedding dress it. >> isn't the in best shape. what is your advice to me? >> shape of the dress affects value. if it hasn't been cleaned that is good idea so you can see its ultimate condition. there is dress out there for every bride and a bride out there for every dress. chances are if the dress is current style appealing to a bride today you have a chance of selling it. lori: tell me how you match buyers and sellers. >> well, we're a listing service. so what we do, we provide the connection. so we list all of the dresses that we have and we currently have $14,000. buyers come to us to buy the dress they want. sorry? if they can search by style or browse by size or by designer or price point or silhouette. we have tons and tons of ways to search based on what the bride is looking for. lori: i understand only a $25 listing fee for sellers. tell me about some of your other revenue streams. how else are you making money. >> $25 to list your dress until it sells with no commission at all. we monetize based on advertising. we have limited number of ads on the site we make money when brides come to the site. lori: any plans to expand beyond wedding dresses? >> not right now. we get that question a lot. wedding dresses is beautiful niche that deserves its full attention. a wedding dress is once in a lifetime experience. a emotional experience. we want to focus all the attention on a best service for that. and brides have unique service. lori: give knee a sense what people are paying for used wedding dresses. how quickly does the value of a wedding dress depreciate? >>, a general rule of thumb is that a used dress that is two years young or less is about 50% of the its value. so if it has been worn once and it is in excellent condition it can be sold of 50% what you paid. which is a lot of money. lori: that is huge. >> yeah. as it gets a little older or condition is not in perfect, minor deductions are taken off as well. a general rule of them is used dress is worth 50% of what you paid. lori: great business. real clever. congratulations on your success. we'll look forward to hearing you back. josi is the owner of preowned wedding dresses.com. melissa: tonight on "money" we have clive davis. lori: that is very cool. melissa: i'm so excited. he joins us for the business of music. we'll discuss where the money is or artists these days and how the business has changed over the years. that is 5:00 p.m. eastern on fox business. talk about money! clive davis is money. lori: talk about an ear and eye for talent. wow, we'll looking forward to that. look forward to this, airstream an american icon known for the silver bullet rvs. now unveiling a new land yacht. the company president and ceo bob wheeler will walk tracy and ashley through all of this at the top of the next hour. stay with us. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platformrom charles schwab... tdd#: 1-800-345-25 gives me tools that help mfind opportunities more easily. tdd#: 1-0-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-25 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-751-3261. ashley: good afternoon, everyone. i'm ashley webster. tracy: i'm tracy byrnes. what is going on with gold? big selloff this friday, it is down like 4% and we are watching it. ashley: ouch. stocks down too. doesn't look like the day we'll hit 15,000 on the dow. weak retail numbers certainly not helping. america just not spending a lot. tracy: it is not all kbloom and doom though. which have a live tour after luxury yacht. this is really a rv. ashley: this is a land yacht. tracy: that is what the ceo calls it, so funny, a land yacht. we'll ask him what the heck that means later this hour. ashley: that is one of those airstreams. good stuff. first though stocks, oil and gold pulling back following weaker-than-expected sales and consumer sentiment. we have team coverage for you. nicole petallides on the floor of the nyse, sandra smith in the pits of the cme. let's start with nicole. >> thanks, ashley. we're taking a look at a market as you noted, dow 15,000 was in the sights of many bulls out there on wall street but they're not getting that right now, not today, doesn't seem. we're down, anything is possible though. we're down 27 points here on wall street. as you noted weak economic reports on retail sales and consumer sentiment really weighing in on this market. it is a friday ahead of a weekend. you don't see people jumping in and buying up the markets. however that being said. there is nice one-week chart. looks like we could snap four days of gains from the dow and s&p as we're pulling back. we're so close to the unchanged line. i'm making no predictions, vix, fear index is slightly to the up skooid at 1253. we should note names hitting new highs, or all-time highs. mcdonald's, pfizer, proctor & gamble. pfizer had good news on a breast cancer drug they were working on. wal-mart, home depot, verizon,. home depot go a buy rating. easy to find names with multiyear highs or all-time highs. back to you. ashley: not a massive selloff but a down day for sure. tracy: aren't people watching the masters too? ashley: there is that. tracy: but we've got oil and gold sinking along with stocks today. gold really trading in bear territory right now. sandra smith in the pits of the cme with today's trade. hey, sandy. >> well, masters might be on but there is definitely a lot happening in the markets down here. we're looking at commodity markets right now. gold prices plunging $62 as we speak. they had been below $1500 an ounce but right now just above there, 1502. dramatic selloff in the precious metals. not just gold, silver getting hit hard too. down about 5% in today's trading session. the new trade is own the u.s. dollar and flee out of precious metals that is the result of the unwinding of that trade. a lot of traders down here talking about the fact they expect that trade will continue for some time. obviously this is sort of a weekend trade as well. a lot of folks putting their money in the u.s. dollar. while the equity market is down today a lot of money has been flowing into the equity market over the last several weeks and last several months and coming out of the yellow metal as well as silver. gold as of today, down, 5% pr for the week. down 20% of the all-time closing high of 1888 reached on august 20 very much -- 2011? stock market the gold miners are getting hit very hard. some of them down more than 6% in today's trading session. by the way as i hand it back to you, guys the selloff is not in just precious metals. it is oil, energy across the board. commodities hit collectively hitting their lowest prices since july last year. so a mass liquidation we're seeing at the cme group. back to you. tracy: sandy, great stuff. we didn't talk about the the miners, how they're getting killed today, right? we have retail sales down. consumer sentiment down. as a result, stocks are kind of down today. on pace to snap a four-session winning streak. we have david joyce, chief market strategist at ameriprise financial. david, used to be the consumer the enengine of the economy. now seems like liquidity is. >> that's right. that is the good news. we still have the liquidity backdrop of the fed. that kind of put as floor on the thing. clearly we ended the first quarter and starting out the second quarter it appears on kind of a weak note. it is just not the consumer numbers today. we had a bad employment number. we had a soft series of housing sales data. manufacturing data. so we're now sort of trying to figure out whether or not we're a little too careful here about the impact of the payroll tax increase and, you know the sequester cuts, and the other tax increases. so we're trying to work through that. you see the reflex today in the stock market. tracy: that is the truth, right? a lot of people wrote it off that the payroll tax wasn't really affecting people. we had a bunch of reports that people didn't notice changes at home. the flipside, as long as it is affecting us the money keeps coming, right? uncle ben keeps pumping in liquidity and the market keeps going. >> i think that's right. you have to remember that it takes a while for any sort of economic changes to work their way into the real economy. so, as i said we may just be beginning, to see the effect of that. on the other hand, one of the things that is offsetting that is nice 25 cent decline in the price of gasoline at the retail pump. so, you know, that may be a wash when it is all said and done. we've had a nice run-up here in the first quarter. haven't had any real sort of correction. so, it wouldn't surprise me to see stocks sort of tread water here for at least a while, until we get a clearer picture of first-quarter earnings and we get a clearer picture of the health of the economy. tracy: the bar is so low on earnings, inevitably somebody will jump over it, right? really interesting the defensive stocks are leaders, health care, consumer staples, your energy stocks. do they still have room to go in your world? >> i think they do. the valuations are a little bit rich. but at the same time, it is a way that allows you to participate in this stock market which i still think has room to move higher. but do it with a very defensive sort of posture. a lot of people refer to the stocks as bond proxies because of their dividend yield. i think that is nice way to play it. the undervalued parts of the market, cyclicals are probably will need to see faster economic growth before they have an opportunity to assume the leadership here. but, you know after the latest round of data, that may be a couple months away. tracy: sandra smith was reporting from the cme there is rotation out of the commodities. almost like you got nowhere else to go but equities. so the money keeps coming in. yet so many people are sitting on the sidelines. what will it take for them to finally say okay, i will put my retirement savings back in this market? >> you're seeing some of it now. you're seeing positive flows into equity funds. but it is not by any means a torrent of sentiment. tracy: right. >> i don't think it is going to happen quite frankly anytime soon. i think people are still, too scarred by the experience of 2008 and, so they're just tipping their, dipping their toes in the water. i don't want to be left behind but i don't have the courage to go in with both feet. tracy: i hope they look at the charts and gain some courage because they're missing out. that's for sure. david joy with ameriprise financial. thank you for taking the time, sir. >> my pleasure. ashley: all right. this just developing in the last hour. a win for jcpenney over macy's in the battle over who gets to sell martha stewart's products in their stores. lauren simonetti outside the courthouse with the very latest. lauren? >> ashley, macy's and jcpenney can sell martha stewart designed products. judge jeffrey lang in the courthouse behind me ruling about an hour ago, denying a temporary block of the martha stewart designs. jcp everyday products. that is what the products are called. that is what the label will say. there is no mention of martha stewart in terms of packaging or labeling. so this everyday line includes bed, bedding, bath items, cook ware, all these items have been in a warehouse. they're estimated to be worth $100 million. now they can indeed, this spring, just in time for mother's day head to jcpenney store shelves and jcpenney hopefully can tell them. in addition what jcpenney has the mini shops concept. this was the brainchild of former ceo ron johnson. one. mini shops is called martha celebrations. they had a soft launch of it last week. they're selling what they call easy entertainment items this list is nonexclusive categories, balloons, candy, cupcake liners things like that. these are all the things that j.c. penny is bringing to its stores this spring to try to boost sales. we know the stock price has been suffering down 57% over the past year. so this is a temporary relief for jcpenney. macy's of course says it plans to appeal this decision the judge also points out that j.c. penny can sell these items until the lawsuit is fully decided. and with that, we know that this battle, with martha in the middle isn't over just yet. ashley: not at all but as we saw there stock not really reacting to this victory for penny in court. tracy: what will it take to turn the stock around? ashley: lauren simonetti outside the courthouse. thank you very much. we appreciate it. we just got president obama's tax return. how much did he make and how much did he donate to charity? that is coming up next. tracy: plus, president obama says the fha needs a one billion dollar bailout. we have a guest who says, that is actually not a big deal. huh? but first, let's take a look at oil as we head out to break. big selloff today. it is down about a $1.79. oil at $91.72. we'll be right back. are you still sleeping? just wanted to check and make sure that we were schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. license and registration please. what's this? uhh, it's my geico insurance id card, sir. it's digital, uh, pretty cool right? maybe. you know why i pulled you over today? because i'm a pig driving a convertible? tail light's out.. fix it. digital insurance id cards. just a click away with the geico mobile app. ashley: vice president and president obama's tax returns. what did they earn and where did the money go. rich edson has. >> they made $608,000 that includes wages being president of $394,000. taxes paid, 112,214. that is good for effective tax rate of 18.4%. you have gave money to charity, $150,000 to charity, for about a quarter of his income going to charity. some other items of note here. $16,000, will be part of his return here, so gets 16 grand back for the irs he is applying that to his 2013 taxes. also took a deduction more than $45,000 for mortgage interest paid on his chicago home. now to the vice president. basically here, income $385,000 and charity deductions there of $7100. the president's making a lot less money than he used to. look at back at some years. this is mostly from the book revenue, in '08, 2.5 million. in '09, more than 5.5 million. down to 1.7 million in 2010. last year making $789,000 a year. president not making as much as he used to, still pretty good year. 608 grand. ashley: the tax rate, 18.4%. tracy: there in lies what is wrong with the tax code. 18.4% is effective tax rate. he got a $45,000 mortgage deduction. he is benefiting from all the loopholes he is complaining about, isn't he, rich. >> he did take a $45,000 deduction for that. an awful large deduction for charity. we saw with mitt romney paid 14% rate. tracy: right. >> but he does tithing with the mormon church, 10% of his very sizable income went to charity as well. ashley: very interesting. although the salary for the president, interesting from as you mentioned from the book deal was pretty high, in the two million range. it has come down and down and down. tracy: you wonder as our producer pointed out will book sales go up in 2012 because it was an election year? so next year's tax return might be interesting. ashley: very interesting stuff. thank you, rich. >> thanks, guys. ashley: tell you what, that job, president of the united states doesn't pay very well. tracy: not for the headache. ashley: you get all the lovely extras. my god, talk about underpaid. tracy: with you. not seven excedrin in the world for that. it is quarter past, time to check on the markets. nicole petallides on floor of the exchange. hey, nicole. >> tracy, ashley, looking at market under pressure still down 25 points. looks like we'll snap the winning streak we're on four days in a row. look at dow jones industrials. 14,840. the nasdaq composite. 3290. s&p 500, 1586. a loss of half of one percent. drug stocks lower. bank stocks lower. numbers from jpmorgan and wells fargo. dollar is slightly higher and oil and gold is pulling back. story we followed last couple years, blackberry, formerly known as research in motion. so much is waiting on this one particular unit, the blackberry z10. they announced it on january 30th. it was launched recently. there was a finding yesterday that more blackberries are being returned than actually purchased. blackberry does not like that at all. looking to the sec and looking at regulators in both canned today and united states in order to probe this report saying that it's false and misleading and that there the returns they're seeing for the blackberry 10 are in line and below forecast if anything. -- z10. tracy: sound like a whining little kid, doesn't it? ashley: sure does. tracy: those numbers are not right! seems weird to me. coming up the president obama says the fha may need a billion dollar bailout. we'll hear from a expert that says that is drop in the bucket. ashley: as far as washington is concerned i'm sure it is. first let's look to see how the dollar is moving right now. guess what, despite all the negative economic news out of the u.s. the flight to safety for the dollar continues. these currencies all down against the dollar, the euro, pound, canadian dollar, mexican peso. only the japanese yen moving slightly higher. we'll be right back. [ male announcer ] in your lifetime, you will lose 3 sets of keys 4 cell phones 7 socks and 6 weeks of sleep but one thing you don't want to lose is any more teeth. if you wear a partial, you are almost twice as likely to lose your supporting teeth. new poligrip and polident for partials 'seal and protect' helps minimize stress, which may damage supporting teeth, by stabilizing your partial. and 'clean and protect' kills odor-causing bacteria. care for your partial. help protect your natural teeth. >> at 20 minutes past the hour i'm lauren green with your fox news minute. secretary of state john kerry is in south korea warning north korea not to test fire a missile. he also rejected a u.s. intelligence report that suggested north korea is able to arm a ballistic missile with a nuclear warhead. kerry is kick off four days of talks in east asia, china and japan. they are also on the itinerary. groundbreaking comedian an actor jonathan winners is. master as improvization, winters had a stable of voices and characters and style that influenced many come medians including robin williams and jim carey. winters standard in several television series and specials from the 1950s through the 1980s. jonathan winters was 87. here's the leaderboard from the 77th masters golf tournament in augusta, george gra. -- georgia. american does tan johnson is in the lead at 6 hundred par. -- 6-under par. those are the headlines. aye lauren green. back to ashley. ashley: a lot of people watching the masters this weekend i'll be one of them. lauren, thank you very much. we appreciate it. president obama's budget says the federal housing administration will likely need a bailout of one billion dollars. our next guest says if that is all the fha really needs that is relief. we have a professor from the university of pennsylvania wharton school. thanks very much for joining us. i know in the grand emscheme scheme of things this is drop in the bucket. back since 2009 the administration and the congress have been telling fha is healthy on a stable financial footing. what happened? >>, they were participating in the bad loans, that were coming due and needed to be refinanced in 2009, 2010. they're off the rye verse mortgages that they're taking big hits on. these are legacy loans. these are history. going forward their book of business looks good. ashley: well, the big culprit i guess you could say, when you look into the numbers, reverse mortgages are the main reason because people were taking out these equity loans on their homes and then of course house prices fell and the fha was on the hook when those home values fell. we are seeing prices recover but should we tighten up the rules on these home equity loans? >> absolutely. they do need to be tightened up. across the board. and i believe fha is sitting down to do that right now. but going forward again, we're unlikely to see the kind of, hoping we will not, i hope the structures are in place, to prevent the price volatility that got many actors caught including the fha. ashley: there are concerns though if this economy starts to take a turn south again, that the $1.1 trillion in fha insurance could really pose an enormous risk to the system. would you agree with that? >> absolutely. absolutely. we will, fha will be stressed. fannie, freddie will be stressed. the banking system will be stressed. we are not out of the woods for sure. we hopefully will get out of the woods. recovery is in place. but we're not there yet. ashley: so there are those, including jeb hensarling, on the house financial services committee chairman actually, he says if this were a private institution, someone would be fired, someone would be fined or the institution itself would find itself in receivership. and he called the taxpayer bailout, outrain just. what would you say to that? >> well, this is 80 plus years of fha actually contributing to the treasury. so the overall record i would say is not a bad one. but indeed the fha overseers, which include congress, probably lost sight of the ball for a few years. we do need to have rules in place going forward so that doesn't happen again. ashley: the fha is of course critical. it is plays a such a major role in the mortgage industry of new homebuyers of course. what about the standards of that? what is the portfolio like now of the fha? is the creditworthiness better than it was? >> far better. going forward the book of business is going to be profitable, assuming we don't have price volatility like we did in 2006, 2007. assuming historic price volatility, these are good loans being booked. by the way, it is more than 50% of first-time homeowners are being insured by fha as we speak. ashley: that is interesting. i know there are calls for tighting the standards and they're already pretty tight. now that we had this audit that shows perhaps the losses on the fha accounts are not as bad as first thought, do you think the standards could be loosened a little bit? or is that what got us into trouble in the first place? >> we need stable standards. i don't think at this point that we should be attempting to calibrate as soon as it looks like we've got a good book of business easing up. we need to have reasonable standards going forward. it is the case across the board not just fha but fannie, freddie and lenders themselves are swinging the pendulum to be far tighter than we have been historic. those constraints ought to be eased up. that is not fha rules. that is the actions by lenders. ashley: very good. thank you so much. susan wachter, from the university of pennsylvania wharton school. >> a pleasure. tracy: we were talking about the other day how police officers are miserable. not in dubai. the police in dubai got a major upgrade to their fleet. a nearly $550,000 lamborghini. what the heck! the italian supercar can top 217 miles an hour and go from zero to 70 miles-an-hour in 2.9 seconds. they hope to keep up with drivers in the desert kingdom. 15% of traffic fines in dubai are for speeding over mere 130 miles an hour. that is the what i do every morning because my kids are late to school. they are the not to the first to use lamborghini. forces in qatar are using it. ashley: i can see dubai and qatar being able to afford it but italy? tracy: you think they would get a break. ashley: all right. talk about banking. jpmorgan and wells fargo both making big money. but both banks are seeing declines in a big part of their business. we'll explain next. tracy: as we head out to break, let's look at some winners and losers on the s&p 500. the dow is down 30 points. we'll be right back. tracy: it is half past the hour. let's take a look at the dow 30. all week we saw lots of green, today a lot of bread. talking about how the only sectors really working are your consumer defenses. mcdonald's, wal-mart, procter & gamble all up today. nicole petallides still standing by. nicole: starbucks. we talk about marketing, pulling back a little to the dow and the nasdaq and the s&p. starbucks, it will now be cheaper. don't go out and try it now. from the makers of craft, so they in february cut their prices for bagged coffee in the grocery stores by 6%. norwich remained competitive, doing the same thing. getting coffee at the grocery store, it is a little bit more affordable. getting the starbucks you are used to, that'll be the case, right? back to you. tracy: it is not going down in price, is it? nicole: unfortunately not. ashley: another market mover, banks, jpmorgan, wells fargo reporting big profits. adam shapiro with more on this story. adam: earnings quality a big concern for a lot of investors. the stock both trading down. you may say this earnings report from big banks is a story about mortgages and slowing mortgage profits. jpmorgan chase, reporting adjusted earnings per share of $1.41 expecting $1.39 on revenue of 25.85, expecting 25.86. look inside the numbers. falling 12%, corporate investment profit down 2.5, 2%. and mortgage profit down 31%. and then take a look at wells fargo, they are the mortgage giant. the earnings-per-share $0.92 adjusted. revenue came in at 21.3 billion, not what the street expected. a lot of this in both cases had to do with the fact they were able to lower their loan loss reserve moving the money into the income bracket, that is not really growth, not really new revenue. it is money they don't have to have in place in case the loans go bad. find bank stocks with 24 banks and financial corporations reporting the street out of the s&p financial sector. let's see what one advisor says. we don't like bank stocks. they pay dividends, but this is not a growth industry. take that to the bank. ashley: that is true. where is the growth coming from? all right, thanks very much. tracy: retail sales week, but we might have found one bright spot, and we will tell you where it is. ashley: the 10 and 20 year treasuries. we will look at that as we had to the break. with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. 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>> my retail sales are great with the popularity of the cake shows out there. my classes have exploded. jeff: i will let you go back to your thing. restaurants, one of the bright spots, take a look today, somewhat mixed. folks here from the new startup, i say new startup, not that new. gift bar.com. you get into the gift card business. >> correct. a platform to give you sugar. jeff: and you have seen an uptick? >> absolutely. it is alternative to the big box gift cards. experience, give me some sugar is very unique. >> take a look at retail stocks tracking consumer spending, something special these days. we love to do these things to give you a real feel. does she know how to decorate cupcakes? that looks like something i would do. ashley: looks good, doesn't it? thank you, jeff. tracy: that is what my cake would look like two. still plenty more, we're joined by joseph, senior management editor. we have been relying on the consumers to boost the economy, consumers pulling back, can we blame the payroll tax cut? >> it seems like the payroll tax cut has had a bit of an intact but the bigger one is the weather. the rebate tax checks from the government at the start of the year has had an impact. the management teams have said it is more weather and delayed refund checks. it has not had much impact. tracy: for what? that we did not go and buy sweaters? >> you saw that coming heard it from wal-mart and other retailers. march the weather is particularly cold. trying to sell spring goods, in the mood for spring, you have to go shopping. tracy: we saw elvin to reels, furniture, that kind of stuff move up so we are still seeing the housing market carry this, aren't we? >> absolutely. i focus on home depot and lowes and williams-sonoma and anything related continues to work. tracy: going forward, do i own these retailers, where do i wait for the consumer to figure it out? >> i think the consumer is still trying to figure it out. there is enough spring weather left to help but historically that traditional time has helped to retail. better second-half stocks toward the all-important holiday season. depends on where you want to put your money. the dollar stores make sense for us, basic value oriented stocks. tracy: jcpenney, macy's, best buy. the judge ordered today they can still sell the stuff at jcpenney. that is good news, no? >> good news. supposedly the buzz, after being returned ceo is to say let's work this thing out. so maybe there is some negotiating going on and they are trying to resolve the issues but regardless there is a lot of work ahead. tracy: let's talk about best buy. will this work for them? stocks seem to be reflecting positively. >> there's a lot of low hanging fruit, they're offering. they will have some earnings power. tracy: thank you, sir. ashley: a quarter until, very near, let's go down to the new york stock exchange. teddy weissberg joins us now. lousy retail sales, consumer sentiment going into the toilet. we are down about a quarter to a half of a percent on the major indices. it is not that bad unless you own gold or oil. >> you're right. if the general market where one considers how far a relatively short period of time, going before the end of the trading day, nothing goes up forever, today clearly is one of those. ashley: starting to get into the busy part of the earnings season, what are you expecting and what kind of a move or could it be? >> the companies in the analyst have done a pretty good job of rocketing down expectation. which means the bar is pretty low. on the other hand, stocks are pretty high. it is earnings season is anything like the past, somehow they will come in and be better than expectation. at least we better hope for that because we could see a bit of a negative reaction getting into the earnings season if it turns out to be correct. ashley: the bar is so low, should not limbo underneath it, that is for sure. tracy: you barely have to lift a foot to get over it anymore. i thought i lived by lower expectations. it has all the amenities of a mall time million dollars yacht. this is pretty darn cool. the ceo as he walks us through the new land yacht next. ashley: take a look at some of the winners and losers on the nasdaq. we will be right back. all statio mission a for a final go. this is for real this time. step seven point two one two. 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. tracy: a lot of people watching tv with a smart phone or tablet in their hands they have rolled out interactive features for many viewers using them. dennis kneale covering it. dennis: it nearly 90% of u.s. viewers watch television with at least one second screen device in hand. so they invite us to interact, sweepstakes sign-ups and more. a new survey finds most of us have never bothered to use these new features for networks providing a conundrum. more interactive and distracted than ever before. but are they worth the effort or is it just distracting us? look at how connected we are right now. sampling over 3000 viewers and found 60% of us watch tv while on a computer, 55% of us have tv and a smart phone, half on tablets, it adds up to over 100% because many of us are watching with two or three gadgets going at once. but how many use those gadgets to take advantage of the new tie-ins tv channels are pushing. 20% have used their gadgets to shop for a product or an ad. less than a third learn about a show or an actor on the show. 53%, over half don't use anything at all. they argue the extra screen is enhancing the experience making them more involved. as booker researcher yesterday and asked, is it wasted or is it a smart move to get out early because they will catch up to the network? he says maybe. you better stay tuned and see how this turns out, guys. tracy: who knows. what i know you will cover it. thanks. ashley: it has been a rough road for the multibillion dollars rv industry over the last 10 years but one company is speeding straight ahead. betting on luxury to brian the highway crowd. bob wheeler joins us now for an exclusive interview. from santa monica, california, inside. you want to call it a trailer. the price tag is not suggesting a trailer, you're in what you hope will be another type of product that will attract a very high-end crowd, explain where you are. >> we are standing inside what represents the great combinatin of iconic american design, this is the land yacht concept trailer. ashley: i believe the suggested retail price is $130,000, not your grandfather's trailer. what do you get for that? >> you get the best of italian design, the best material and something that is unlike any travel trailer ever created. we expect this to appeal maybe not two campers, but might be as a second home or a mobile office or a great tailgate vehicle. a little nontraditional from what we have produced in the past. ashley: what is the most popular model you have put out. you have your best year ever last year, so you are doing very well at what is still a challenging environment with the economy. how are you accomplish in that? >> we have had tremendous success as mentioned last in the best year in company history. the tide is rising. a strong start in the first quarter, we are really rising with the tide. we exceeded what the market has done. great distribution, great marketing and a push to overseas markets. ashley: i know you're interested in china and brazil and australia. you hav has some limited distribution in europe. you say it is 15 years ahead of the u.s. what do you mean by that? >> is really driven by the lack of european tol tow vehicles. they cost more, so european is beautifully made, much lighter but much more expensive. we expect to see that trend continue in the u.s. toltow vehicles can carry less weight. ashley: it would be interesting. what is the allure of airstream? an iconic symbol of americana, but what is it, do you think? >> over the years the company has been in business, we have become fixed in the american psyche for the call of the open road, classic american vacation, the grand canyon. that position he picked up in the 50s and maintained it ever since. people respect the nostalgia and the design reminds them of their childhood but the fact these things last forever. it is still on the road today. people like the authenticity, the quality and are willing to pay more for it. ashley: they certainly do. thank you very much, airstream ceo. congratulations on your success. >> thank you very much. tracy: i love the idea of delegating in it though. ashley: in luxury. land yacht. tracy: let's talk about this bitcoin trace. says the value has skyrocketed. from $50 to $100,000. we go through the last hour of trading with liz claman. "countdown to the closing bell" is next. don't go anywhere. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn n the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur liz: big bank earnings. do their numbers tell the whole story? we will when we go in depth to tell you the headlines next. a bubble by me. who is likely to pony up and how will the martha stuart-macy's battle impacts jcpenney's bottom line?
New-yorkUnited-statesQatarCanadaJapanAustraliaDubaiDubayyUnited-arab-emiratesGermanyBrazilSonoma show. log on to the after the show show. we'll see you tomorrow. >> steve: so long. economy, the number of americans filing for first-time unemployment benefits, rising to 460,000, that's a jump of 18,000 claims from just a week before. a disappointing development on the economic front off previous weeks showed a small but steady drop in that number. stu varney digs a bit deeper in a matter of minutes on that story. first, though this, mid-air scare likely caused by a cigarette bathroom smoke that had f-16s scrambling in the skies, new reaction this morning after a burning smell on board a u.s. plane caused all sorts of problems, a young diplomat out of qatar in the middle east was detained for suspicious activity on a united flight out of washington, bound for denver. the government of qatar saying the man was not engaged in threatening activity, reports say he tried to sneak a smoke in the bathroom and was busted by two air marshals on board. martha: you can't do that! you cannot smoke on airplanes. hello! good morning, everybody. bill: welcome, i'm bill hemmer in "america's newsroom". martha: good morning, bill, good morning, everybody, i'm martha mccollum. reports say there were no explosives found in this situation, diplomat is not expected to face charges. here's what one woman about it from her husband who was on the plane. >> he called, said there's an incident, some guy got mad in first class and had a tantrum, the way he described it, he was kind of chuckling about it, and he said he probably tried to -- they thought maybe he tried to ignite something, he said he was probably just trying to smoke or something, and that's all he knew, har march some guy getting mad in first class, don't you hate it! we're going to have a live report from denver on all of that in moments from now. bill: not a genious on board that flight, not by a long shot, 156 passengers on board. martha: f-16s scrambled. bill: at this moment, rescue crews are working on their on foot through the upper big branch coal mine in west virginia, searching for four missing miners since a blast killed 25 colleagues on monday, the worst mining disaster we've seen in this country in a generation. rescuers were waiting to enter the mine until four venation shafts were drilled, that would release the dangerous methane gas and carbon monoxide. -- too unsafe to go inside at that point, but now it's better. the community is devastated, mining is their lifeblood. the family and friends in that town, holding out hope for the missing and grieving, meanwhile, for the 25 confirmed dead. >> we knew them all, grew up with the young ones, many of the older ones. great bunch of people, kids. it's just a shame something like this has to happen. >> i want everybody to know, he was a good guy, he was the best dad in the world. >> we had an -- we had an 18-year-old cousin in there, and it was a shift change and he got out, but we did know three others that died. west virginians are strong and resilient people, and in times of tragedy and in times of need, we pull together to give and to be here for our family, our friends, and our neighbors, and we're family, blood or not blood. bill: this is day four of the story now and it's quite likely we will find out some information this hour as they work in that coal mine. steph centanni is back at his coal in montcoal, west virginia. what's the progress they're making, steve, can we talk about that? >> reporter: well, they are in the mine as you mentioned, bill, and this is the day, those families, iegnizing in waiting, it might be over, when they learn the fate of the four missing inside the mine after the massive explosion that killed 25 people. as you said, the crews have gone in, and let's back up a little bit. here's why they were able to go back in. this drill hole that was dripped from the top of the mountain, straight down into the mine shaft, 11100 feet through solid rock and through coal, was able to ventilate out that portion of the mine where those four people are believed to be located, and so they did some tests on the air. there's not so much methane gas, there's not so much a danger of explosion anymore, because it was ventilated out over the past 24 hours or so, now safe for those crews to go back in. bill: steve, i mentioned the fact we may find out in the coming hour here, because they had to go i think 5 miles deep into that mine to reach the air where they think the missing miners had gone missing when the explosion occurred. some of it went by rail, and at some point they had to stop on the rails and go by foot. so you can guess right now, 5 miles by foot takes them pretty close to the spot where they want to go if they can access it. >> reporter: well, actually, they're going 8000 feet back to where they think the three men are located in one place, a little farther to where one additional man might be located. all the way to the end of the mine, from the portal to the very end is 5 miles. they don't expect to have to go that full distance. they went part of the way by rail, part of the way on foot, as you mentioned, but today, the families are watching and waiting and hoping. we heard from governor joe manchin a little while ago, here's what he had to say about that. >> the family, you could imagine, this is since monday, 3:30 that afternoon, and they started gathering, so we're here into thursday, you can imagine the emotional drain. some family members have never left, they've been right there, and you couldn't pry them away. so with that, i think that they now, this morning when we spoke to them, i could finally see some relief, the closure -- that closure is getting near. >> reporter: 9:45 eastern time, we expect to hear from the governor one more time, or at least the next time. we're going to be getting updates throughout the day. this is the time we could hear, one way or the other, the fate of those four missing men, bill. bill: 40 minutes from that, steve centanni, live from west virginia. martha: this is particularly tough for the families involved in this. we've been telling you about the mine's operator's spotty safety record but now we're learning more about the violations involved. federal regulators, hitting massey energy company with two violations on the morning of the blast. violations that you would think would be critical. massey was cited for failing to maintain up to date escape maps in that incident, going back five years. it adds up to some 3000 violations for massey at this particular mine. we had talked about the fact that overall the company has been improving its safety record, but this mine has been of concern for some time, and averaged about two violations a day. bill: also we know a lot of you on your computer while you're watching us here at "america's newsroom", if that's the case, check out the website online for all the developing information about what's happening in west virginia, foxnews.com, click on the slide show link, there you'll see the latest images on the emergency response to the mining tragedy in west virginia, it's online all the time, fox news.com. martha: we'll keep an eye on that. also we are awaiting a big announcement today from the tea party, the group obviously that's been steadily gaining momentum and influence on the political scene in this country and they are today announcing a formation of a national tea party federation. now, this is very interesting, this is an effort to harness some of those many in some cases disparite groups out there that have been cropping up around the country to help move this unified message and the media response. we're going to bring you that announcement. about 21 groups, they expect, around the country, pulling together, and when they make that announcement, we will get it to you. bill: there was massive unrest in central asia that has a direct impact on the u.s. war on terror, from overseas an opposition coalition, the country of kyrzygstan, saying the military base in that country will stay open. that's important. the government will rule the turbulent central nation for about six months,. opposition leaders seizing government headquarters and the videotape has been violent, clashes between protestors and security forces like you've seen here to date, 68 are dead, the u.s. base, meanwhile, in that country, vital to the nato operations and neighboring afghanistan. to this point, opposition leaders have said they wanted the base closed, saying it could put their country at risk if the u.s. becomes involved in a military conflict with iran. but for now, those bases stay open. martha: there is new proof today that the road to recovery is a bumpy one. today we learn of an unexpected rise in the weekly jobless claims number, 460,000 americans filed for first-time unemployment benefits, and that is according to the labor department, who puts these numbers out. that is 18,000 more than the week before. so that number rose unexpectedly, really, according to economists who are watching all this. let's get to stuart varney, anchor of "varney p company" on the fox business network. not a pretty number for us this morning. >> i'd call it disappointing. the administration had been hoping to say look, we've got job losses behind us, now we're into the new period of job creation, these numbers contradict that hopeful trend. we've got 460,000 new faces appearing for the first time in those jobless offices, it was not expected to be this high. in fact we were looking for a decline in the number of new claims. didn't get it. four hundred sixty thousand has to be characterized as disappointing for the administration, and for everybody who is looking for an improvement in the jobs situation. martha: yeah, stuart, why do you think this is? there are some areas where it feels like confidence is increasing a little bit in this country but apparently not in offices of businesses away the country who hire folks. >> two reasons: number one, small businesses face huge tax increases coming down the pike in the future. i mean, enormous tax increases. if you're running a small business, you're creating many of the jobs in this country. would you go out and hire people knowing that your bottom line is going to be hit real hard in the near future. number two, productivity is rising at just an extraordinary rate, that means you're getting more out of your existing work force, you don't need to hire more people. well, that will run its course eventually but right now we are benefiting as an economy as a whole from productivity. martha: we good points -- very good points, companies want to be as mean and lean as they can in these economic times and that means doing what they can with the employees they have, stuart varney, always good to speak to you sir, thank you very much. bill: more with less, we know that. martha: that's for sure. bill: meanwhile, this might help, new numbers on retail sales for the month of march. it looks like some consumers are starting to spend money again, stores like costco and limited brand, that owns victoria's secret and other clothing stores, posting double digit increases but some analysts are cautioning that boost partly from an early easter and the holiday sales that came with it. we'll check on wall street's reaction, 9:30 eastern time, 18 minutes from now. martha: a big day this morning, president obama signing a treaty with russia to reduce nuclear weapons, a positive step in some eyes. others are not so sure what they make of this development, questions about russia's involvement with venezuela are also being raised in all of this, as well as iran, and china, very tricky relationships that russia has with these countries and united states n ones that we need to be aware of. questions about this treaty, does it make us more or less safe. bill: also a teenager suicide putting the spotlight on bullies, now those accused of pushing her to the breaking point go before a judge today. bill: now in a major move this morning designed to scale back the arsenals of the world's biggest nuclear powers, president obama signing a new arms reductions treaty, along with russia's president, only hours ago in prague. that packet is intended to cut the u.s. and russia's stockpiles of strategic nuclear weapons to the lowest levels in 50 years. and the president today saying he hopes for more down the road. listen here. >> it is just one step on a longer journey. as i said last year in prague, this treaty will set the stage for further cuts and going forward, we hope to pursue discussions with russia on reducing both our strategic and tack tactical weapons, including undeployed weapons. bill: this thing is layered in a big way, this story, there are critics that say the new packet could lead the u.s. too vulnerable. in the end what do we get out of this as a country. steve hayes with me of the weekly standard, good morning, stephen. there's a lot to go through, not to mention, iran, venezuela, the ties russia has to these countries. on the surface, what do you think the president is trying to do here? >> well, it's interesting, there's an iron rule of diplomacy that suggests that the side that wants to pay for more, the side that wants to deal more, gives up more on substance and i think that's what happened here. in particular, on the question of delivery vehicles, you have the united states, to reduce to 700 deployed and you've got russia almost incapable of maintaining that. it's hard for them to come up with the money to maintain that number. so one article in the weekly standard this put week it this way, said it was like a small market team pushing the new york yankees to agree to a salary cap, so the small market team wins if the yankees agree to come down. bill: if they agree to come down. that depends on how the yankees are doing in the overall scheme of things. the key theme on this as i see it is a the -- is the missile defense shield that i believe the united states is working toward, the russians don't like this deal, in fact, the russian president said before other reporters in prague they want to make sure they can continue talking about this, suggesting that perhaps the u.s. is going to make concessions down the road. do you think we are? are we prepared to do that, does this white house want to do that? >> well, i think you've identified the other key question in this whole thing. you know, in the weeks leading up to the signing this morning, you had the russians in effect threatening to pull out if we didn't provide them more information on our missile defense technology. they didn't ultimately do that, but you wonder in order to get them to sign, in order to get them to the table, what we had to give up, what kind of assurances we had to give them in private to get them to ultimately sign and there were even people back further, you know, i think it was march 27th, 28th, foreign minister labrov said we expect to get this, we expect this to be in the deal and it was in fact in the deal, so there are a lot of outstanding questions about what private assurances were given to the rugs. bill: the mid market teams are expecting the yankees to give a little in the long run. president obama thinks congress will ratify this. will it? >> i'm not so sure that they will. he said that this morning. i think it's going to be a tough climb. he's got to get 67 votes. that means he's got to get eight republicans. republicans are not happy with this deal in the first place. i think they're even more unhappy with the nuclear posture views that came out a couple days ago. there are elements of that that i think have made republicans even more uneasy about the kinds of cuts that we're talking about and the kinds of scaling back, and whether the president is approaching this with a degree of naivete, sort of saying rather than peace through strength, which has been the mater for so long, it's peace through weakness and so many things we've heard from the president this week suggest that that is his new strategy. bill: what you're saying in that, to ratify this, you need two-thirds to vote in the senate, that takes you to 67 votes, and democrats, they're about 58 right now, give or take a few independents on each side. >> right. right. bill: all right. >> it's a tough climb. it's not a sure thing at all. bill: stephen, thank you for your time today. as i said, this thing is layered. and we'll check you out later on "special report" with bret baier as they drive into this issue. the president continues in prague and we expect to see him at 11:00 eastern time, and we'll go there when it happens in the czech republic. what's next? martha: unsustainable debt and some very tough choices that need to be made now. that is not from me, that is from the fed chairman, ben bernanke, why he says the united states has to choose social spending or more taxes, and we have to do it soon. that story is straight ahead. bill: also, what did they know, when did they know it. talking about toyota and the problems with that gas pedal. was there a coverup? reports of the toyota executive urging the company to come clean. it's impossible to replace anybody that you love. she was my great role model, my grammy keaton. it was pretty much of a shock for us when she got colon cancer. we were -- none of us were prepared for that. here's the deal, and this is the bottom line here -- colorectal cancer is the second-leading cancer killer of men and women over the age of 50. and you know what -- this is one that you can prevent. just get screened, okay? i know how precious life is right now. we can all do this. you can do it, i can do it. if i can do it, you can do it, okay? how's that for a deal? arrested a man in san francisco for making threatening phone calls to the house speaker nancy pelosi over health care reform. federal investigators saying that man called pelosi's homes in california and in washington, as well as her husband's office. he's 48-year-old gregory giusti, arrested yesterday. federal officials say he had pelosi's home address and said if she wanted to see it again she would not support the health care bill. martha: here is the very big question today folks with tote -- folks: was toyota involved in a coverup. the "wall street journal" is reporting a top executive told his colleagues that they needed to come clean and they needed to do it fast. that was back in january. that was five days before toyota announced a massive recall of some 8 million vehicles worldwide. a man named irv miller. he was then vp for environment and public affairs, said this in an e-mail, and he may come to regret it. we'll see. the time to hide on this one, he says, is over. we are not protecting our customers by keeping this quiet. that's pretty specific. brian wilson joins us now, live from washington, with more. brian, who is this mon, irv miller, and how has he planned all this? >> he's going to be a figure who figures prominently in ongoing court cases i imagine. irv miller was a top toyota public relations executive, on january 16th he wrote an internal memo the company needed to come clean, as you said, about sticking accelerators, according to the "wall street journal," miller could not have been more clear, at one point using all capitals for emphasis. at one point he also wrote the time to hide on this one is over. it may have had the desired impact, because five days later toyota launched a worldwide recall for some 2.3 million vehicles, a recall that's been expanded since. the law requires, however, that safety problems be brought to the government's attention within five days of when they are recognized and toyota warned dealers in 31 european countries months before but did not warn our government about it. martha: well, that's interesting, it could be that mr. miller wanted to be very much on the record about how he felt about that and sent this e-mail out perhaps in part for that reason. what does toyota say about this e-mail? >> well, they did issue a statement yesterday, and it says, and i quote, we have publicly acknowledged on several occasions that the company did a poor job of communicating during the period prior, preceding our recent recalls. toyota has also been bragging, though, in recent days, in commercials, about how well its cars are selling. failing to mention that to get those sales, the company has been selling cars as -- at a huge discount and offering major incentives such as zero percent financing. by the way i got to point out, irv miller is no longer with toyota, he recently retired, but as i mentioned, his memo is going to show up no doubt on capitol hill where there are ongoing congressional investigations over ntsa, where they have an investigation going on and there are myriad court cases around the country now. martha: he may be retired but he's going to be a pretty busy man, i suspect. brian, good to see you as always. bill: we found this controversy over what kids are learning in the classroom, a father demanding this book gets pulled because it's biased against christians. you'll see the book in a moment and have a debate. martha: taking hands-free to a whole new level. a car -- this is interesting. look at this car. it's like a player piano. it's parking itself. if you had trouble parallel parking? this could be your friend. wait until you see this! coming up. >> ♪ baby you can drive my car. >> ♪ >> ♪ guess i'm gonna be a star. >> ♪ >> baby you can drive my car. >> ♪ >> ♪ and baby, i love ya. >> ♪ martha: three teenage girls accused of torementing a classmate to death will be arraigned in court today. this has never happened before. and that is why this case of 15-year-old phoebie prince is now drawing national attention to the issue of bullying. in this case, the prosecutors will argue that prince killed herself as a result of the actions of these other students at her school. now, three students were already arraigned and charged last week. coming up later on "america's newsroom", we're going to talk to someone who is very close to phoebie prince's family, he has children at this school, he knows intimately what's going on there. he's going to talk to us a little bit about how the town is coping. he can't believe what's happening now to these students whose pictures we just showed. bill: it's remarkable the amount of attention this story has gotten. people all across the country are paying attention to it. martha: for good reason. bill: a security breech at lax -- breach at lax, this has shut down travel for a whole lot of people so far. about 90 minutes ago, a guy went through security, he was picked up for secondary screening but instead of getting screened a second time he picked up his carry on bag and walked through terminal number seven. figure that one out! seven connects with terminals five and six and all three of those now have been shut down to clear more passengers. they house united, continental, delta airlines, and numerous other smaller airlines. if a passenger had already passed through, you're okay, you can travel, and the planes are still taking off and landing out there. if you have not gone through security in this area, of lax, though, there's going to be a line that's even longer than anticipated. it's the morning rush hour out there, peak travel time at lax. that's the story we're on, waiting for the all-clear, it's not been given yet and where is this man who turned down a second security clearance? we're live on that story in l.a. with a helicopter shot of the airport at 6:32 local time in california. martha: well, the gop these days is faced with an uncomfortable distraction, some might say, the republican national committee chairman michael steele has been under a lot of fire over a number of issues, including expenses, and the way that the rnc has been spending money ahead of the mid-term elections. how is this going to affect the party going forward and how will it affect his role at the the rn -- at the rny? joining us for the debate, tucker karlson and fox news contributor, kirsten powers for the "new york post" and also a fox news analyst. welcome, guys, good to see you as always. >> hi martha. martha: tucker, you were one of the first to break elements of this story. you know, there's a lot of heat right now on michael steele. where is this headed? >> well, it seems to be headed nowhere. i mean, the tragedy is that this should be a moment of real opportunity for the republican party, the president has grotesquely overreached on things the public doesn't agree with, we're going to i think see very big gains on the republican side of the mid-term elections. this is not the time for the party to have to deal with distractions like michael steele. yet there seems to be no way, at least in the short term, that he's going to step down from his position, or that anybody in the party is going to make him do so. instead, you saw him on monday get on tv and claim that he and barack obama were victims of racism, the crit is. was borne out of the fact that he is black and the criticism at obama was a result of racism. i mean, you know, that's not the message that republicans i think should be sending right now. it's a huge distraction. martha: it would be great if we could feel that we're past all that and that people could be judged solely on the job they're doing. kirsten, what do you think about this, where do you think this is headed? from your own political background and seeing how the pieces move in washington, where is this going? >> i think just to what he said, i saw it a little differently. i thought what he said essentially was that black people are held to a higher standard, which you know i generally agree with, but i understand how it doesn't resonate so much with the republican base, and so in that sense, maybe he shouldn't have said it, but i think it's accurate. in terms of where is this headed, it's gentlemen unlikely he would be pushed out of his job and i think that hopefully from his perspective, this frenzy will die down and hopefully he can get the house in order and try to repair some of the damage that's been done with some of the key donors, and you know, possibly he could turn it around. i think that if you remember, howard dean had a very rocky start when he came in and he ended up being a successful chairman. he got a lot of criticisms, frankly, that michael steele is getting. so i still think it's possible that he could turn things around. martha: i'm going to point in a moment to a number of positive things that michael steele believes he has done for the party, he's been sticking up for himself, been reaching out to members, telling them what his priorities are but for those not following this, so far i want to backpedal and explain what the issues are, expenditures, basically, politico has a story saying there had been more money spent on charter flights, more on expenses, restaurants, all these things, in fact it almost doubled i think since 2005 in the recent years since michael steele took over this job. also there was the voyeur incident, a sex club that apparently one of the young donors group expensed $1900 at this club, that person who was in charge of writing off that expense has been relieved of his duties at the rnc. you know, in the scope of this, tucker, how egregious are these things and are they being appropriately sort of assigned to him, or should he be let off the hook for these? >> it's case by case. some are i think more significant than others. but they add up to a huge problem, and again, what's the point? to make michael steele more famous? i mean, the party chairman's job is to raise money and to husband that money effectively to spend it on campaigns and to build party infrastructure. michael steele has spent a lot of his tenure promoting himself. esenrageed conservatives, by the way, that -- >> martha: but tucker, he would say under my leadership, you know, the goneships in new jersey and virginia, that there's been a lot of successes that he would point to, fundraising, also, you know, that he could say look, i'm going a -- i'm doing a good job. >> look. there are -- michael steele -- i know michael steele, michael steele is a very nice guy and a very appealing guy. i'm not attacking him personally. but if you look at where the money in the republican party is going, where donors are spending money, it's not with the rnc, it's with the committees. but again, what's the point? anything that distracts from the message and the message always should be focused on the misdeeds and overreach of the obama administration, is not helpful for republicans. and just let me say again, michael steele has earned the ire of conservatives in the republican party. those are the people who actually vote. it's not worth it. martha: kirsten, if he were to step aside, would it be seen in your opinion as -- would it raise any issue in that, would that be what the discussion is focused on instead of whether or not he was doing a good job in his post? >> well, i guess everyone always likes to talk about race so i'm sure it would come up but at the end of the day i don't think people can have it both ways. i think the media has been going after him so much, they couldn't then turn around and say he was pushed out because he's black, because that would mean they were all reporting on this all the time, because he's black, and like i said, i do feel like this is a feeding frenzy, i feel like there are legitimate things, the story that the daily caller broke was legitimate and should have been raised but then i feel like it's gotten kind of out of control and this happens where you have this that builds on itself, and i think tucker's point is correct, conservatives, there are conservatives that are unhappy with him, that is important, you don't want the base to be unhappy, it's just a little different than with howard dean, the liberals loved him. martha: i would they a bob mock connell, newt gingrich, have all spoken out in support of him. >> just to be clear, there's no evidence that racism has played a role in any criticism i have seen of michael steele and for him to claim that is an outrage, it's the kind of thing that corrupt democratic politicians do, and for him to do it is over the top. martha: thanks you guys, tucker karlson, kirsten powers, good talking to both of you. bill: while you were talking, wall street, all indications are off today. the dow was off yesterday and off today in reaction to the jobs report that came out an hour ago. we're watching that, with 32 to the negative side. we'll see where the dow goes today. a lot of investors making a lot of money frankly in the past year, right there in the stock market. it's been roaring. not quite getting to that 11,000. a lot of bulls were hoping for that. we're in a holding pattern. we'll see the reaction as we continue to digest the latest news. martha: you know who else will be watching that? ben bernanke, he watches all things money and there's a warning from him. it's not often that what bernanke says gets this much widespread attention across the country but when you hear what he said and what he believes the obama administration needs to do right now, and he did not mince words, you'll hear that. bill: also trouble brewing at the mexican border, a tour by governors to check the situation out firsthand. listen here. >> given the murder that just recently took place down here, i think it's incumbent upon the federal government to respond. the people of america, the people of arizona, and the people of new new mexico still want to -- don't want to live in this environment. bill: that's the governor of arizona, she's here to tell us what needs to be done and where washington is failing. bill: nothing prevent us us from beginning now to develop a credible plan for meeting our long run fiscal challenges. indeed, a credible plan that demonstrated a commitment to achieving long run fiscal sustainability could lead to lower interest rates and more rapid growth in the near term. bill: that was ben bernanke. he's chairman of the fed. yesterday, he issued a serious warning about the u.s. economy. he charges that everyone is essentially ignoring the big elephant in the room, that's the growing national debt, and that's on that big ole screen behind us. martha: just keeps moving. bill: right now more than $12 trillion, martha. martha: my goodness, look at that number. bill: quickly approaching 13. that's a huge number, growing exactly as you say. bernanke says even if the economy is too weak at the moment you cannot add new taxes or spending cuts. he says the administration should at least be talking about a plan, some sort of plan. john fund is with the "wall street journal". good morning to you. >> good morning. bill: i know you don't own a calculator that can add that up but believe me, it's the real deal. i heard bernanke, and i thought at least somebody is talking about this! that's a refreshing change. >> i give him credit for that but remember, ben bernanke is the man at the fed when they had money that was way too easy, then they slammed on the brakes and that led to the crunch that led to the collapse of our biggest financial institutions and then we had the bailout, which were very unpopular and i don't think many of them were necessary. so now after all of the spending that we had to try to get us out of the hole, ber notwithstanding and paul volcker, one of his predecessors at the fed are now saying we may have to have more taxes. well, i would like perhaps for government to get things right, rather than to force the middle class to pay tier -- higher taxes because president obama got elected on a prejudice he was not -- a pledge he was got nothing to raise taxes on the middle class. what i hear is we may have a value added tax or other taxes. they're forcing the american people to pay for its mistakes. bill: we talked about it yesterday, we weren't sure if volcker was putting it out as a trial balloon or softening up the beach for something that is essential. >> i think it's the balloon the size of the hinnen berg. vol o'clock cer is a close associate of president obama and for him to mention that is an elephant in the room, and the decifit condition, reported in december, it's right after the mid-term election and the decifit commission is going to have to say i suspect we're going to have to restrain spending and raise taxes for the middle class surprise, you can't get enough money out of the rich and they've already had taxes raised. bill: you mentioned in your answer, i think that's the political equation involved in this. where do you think america is on this issue? >> i think america is frustrated, because for years, they have told their elected officials, we want you to manage your finances the way a family has to manage its finances, don't go into too much debt, don't spend too much, be prudent, and our government officials, on both parties, have done completely the opposite in many cases, so the american people now are going to be asked to pay for the mistakes of the elected officials that are in charge. bill: and that's what elections are for, i guess. >> we're going to find out in six months what the american people think of this. bill: i thought bernanke said three things yesterday that did not put me in a good mood, frankly, he talked about people being out of work for so long, there was one number that said 66 percent of the unemployed in america haven't had a job in 12 months so now they're losing valuable skills they need to hold on to in order to get the next job, the other thing, he said the housing market has not recovered and the commercial real estate is still in the tank and that eventually hurts banks, and that's o for three in my book. >> and what are we doing with the housing market? we're propping up prices. by propping up prices we make it harder to clear the markets and get on a more stable footing and foreclosures are still going up. bill: why is that the case? we know that why that is the case, the better question, why is that not being addressed fairly and honestly? >> because we didn't want to go through the short term pain of clearing the housing market which clearly had been overbuilt and was in a bubble. instead we tried to make the pain much longer in a transition period, but that means the economy takes a lot longer to recover, it means unemployment keeps staying up, and housing prices remain disport -- distorted for a long time so you don't get the market clearing. if you have government intervention, if you have massive bailouts and propping up prices, you extend the pain, you don't get rid of it. bill: it's one of the most talked about questions we get from viewers every day, the debt, the decifit, what are we going to do about it. we got a little clarification yesterday, we'll see how washington reacts to what bernanke is saying now. john fund, thank you. >> thank you. bill: from the "wall street journal". questions at hemmer, fox news.cole is the e-mail, you let us know loud and clear on this, right? like that sucker back there? martha: he's going to head there before commercial break. bill: also twitter bill hemmer. martha: it's either laugh or cry, right? it's frightening. we need -- they need to take that number down before i have an anxiety attack. all right, now the question is this. what is wrong with this particular textbook. it's called asking about life. it's got a family of elephants on the cover. but one student's father is so upset about this book, and we're going to show you exactly the passage that has this tennessee dad saying he wants it taken out. bill: baby you can drive my car, or maybe you just do it for me, right? parallel parking in new york city, not for the faint of heart, but what if your car could do it all by itself? you will see it in action. here we go. i got to tell you, this isn't strange at all. bill: a tennessee father is now fighting to get a textbook yanked from his son's scirl, it's kurt zimmermann, taking a book is biased against christians, he cites creationism as a biblical myth. reports from that school district say it had reviewed the book but chose to keep it in the curriculum, meanwhile, zimmermann speaking with fox & friends says he's not the only parent who has so far complained. >> that's exactly right, gretchen, that is the fact. there are multiple ways they could remedy this, they could modify the book, they could fix that statement. what's interesting to note, too, is since i brought that issue up, there's been a host of other parents that have come forward and there are other things in that book that are pretty technically inaccurate and things of that nature, so it's more than just the statement that i was concerned about. so it's kind of grown a little bit. bill: the fact he was referring to in gretchen's question was the one asked about other parents, he said indeed they have expressed concern. now, the school superintendent in that county has asked the school board to hear zimmermand's appellate a meeting tonight. after that meeting we'll let you know how it turns out on "america's newsroom". martha: well, a car that can do a pain in the you know what task of parallel parking, the technology is getting better and better as foxnews.com editor finds out with the new lincoln mkt. watch this. >> i do have to work the gas and the brake pedal for the benefit of the lawyers, but here we go. and i got to tell you, this isn't strange at all. and we are done. and that was the perfect parking job. martha: that was kind of screeny! that car is -- >> bill: doing a good parking job. martha: what kind of car is this and how does it do this? bill: this is a lincoln mkt which we reviewed on the fox report, a lot of cars have these, it tells you if you are going to run into something, the advanced version actually identifies a parking space that the car will fit into and tells you pull forward, you put it in reverse and it takes over the steering for you and guides you into the spot and even if it's not the right time, which in my experience it usually was, it will let you shimmy back and forth. martha: so it was or wasn't right, did it get it perfect? >> just about every time. martha: here's the big question now. cars taking over and doing things on their own, in the toyota age that we're living in makes people a little nervous. i'm afraid i'm going to be driving down the road and it's suddenly going to parallel park in something that's not a spot. >> this particular one makes you work the gas and brake pedal and i'm sure the lawyers have a lot to do with that, so it's really the steering that's taken over. it has electrically powered steering like a lot of cars do today. no reports of it taking off on its own on the highway. martha: i remember many, many, many years ago when i took my driving test, that was the thing i had the most anxiety about, the parallel parking stuff. i'm actually very good at it now. so can you use this in a driving test? >> that's a good question. in new jersey, the parallel parking was the pain part -- the main part of the parking test. martha: me too! >> it will parallel park on either side of the street, so if you're on one side of the street, it will do the other side, too. when you're in the mall, you're on your own. martha: wouldn't you love to see the look on the driving instructor's face, when you pulled up in one of these and hit the button and it parallel parks for you? >> i'm sure somebody will try that and will fail that test. martha: if you try it in, please let us know on "america's newsroom". thank you very much, gary. bill: gary, did you think you were going to hit that car behind you? it's nerve wracking. it is unnerving. >> it's one of the things you can live without it, but once you try it a couple of times, you love it. bill: we're going to have to have drivers' instruction to use that one. disappointing news on the job front, we just got the weekly jobless claims, unexpected spike in people looking for work, a bumpy ride in the road to recovery. a look at that next. there's this, martha. martha: hoping against hope in west virginia. we are waiting for word from the rescue crews who are down there right now. we'll tell you what they're finding when we come back. >> i'm mad, i'm angry, i'm sad, hoping for a miracle. if i had it my way, i'd be up there digging. >> i feel for the families, what they're going through, you know. >> i'm just praying for them. a lot of grief, a lot of hope going out. the charcoal went out already? [ sighs ] forget it. [ male announcer ] there's more barbeque time in every bag of kingsford charcoal. kingsford. slow down and grill. martha: we are awaiting our first real specific details on this new brand new atomic weapons treaty. that has been signed with russia, president obama and the russian president signing that pact this morning in prague and now senior administration officials here at home are set to go on the record with the details of the deal, and it will be closely scrutinized, i can assure you, welcome to a brand new hour of "america's newsroom," thanks for being with us today, i'm martha maccallum. bill: i'm bill hemmer again, good morning, martha, washington and mass could you agreeing to reduce the nuclear arsenals and setting restriction now and when they can be used and critics already say it could put the u.s. at an international disadvantage. martha: major garrett joins us now, traveling with the president live in prague and, major, what are the basic numbers here? what are the goals and what do they hope to get to and why do they matter? >> reporter: the basic numbers are these, good morning, bill and martha, just after 4:00 here in prague, and the basic numbers are these: right now, the u.s. has about 2200 warheads, bring it down to 1550 and the russians have 26, 2700 and bring it down to the similar number and, over 7 years, only after both the russian duma and the u.s. senate ratified the treaty. also, deployed missile delivery systems, that includes intercontinental ballistic missiles, and submarine launched ballistic missiles and long rain bo -- range bombers and bring the number from 700 to 600 and these are the two major nuclear powers, counted and admitted to in the world, 90% of the available stockpiles and by reducing them, president obama and president medvedev believe they are sending a signal to other nations nonproliferation is a big issue and that, therefore, these two nations, u.s. and russia, have more credibility, in pursuing a world without nuclear weapons for nations either seeking to acquire them or have them and wonder how they might use them in the future and all of this is related to conversations in washington, next week, at the nuclear security summit to create tighter restriction, globally, for the movement, of nuclear loose materiel which could fall into the hands of terrorists, that he had administration says it is about enhancing u.s. credibility and the deal is not a cold war threat any more, nuclear weapons held by the russian and the use, but loose nuclear materiel that could threat then u.s. and its allies. martha: and the president has talked about that, the loose nuclear materiel and the safety of the u.s., give us numbers versus new technology, can we have fewer that are the latest technology that is out there, and, still keep the country secure in that way? >> reporter: there is a significant shift going on, under this administration, as it relates to the u.s. nuclear foot print and its weaponry and in the nuclear posture review it was announced on tuesday, the white house made it clear they -- there would be no new nuclear weapons produce on its watch and there would be modernization of those existing nuclear weapons, but the united states would not create any new generation of nuclear weapons. the russians in fact, are going to create a new generation of nuclear weapons and there is ample evidence the chinese may as well. however, the administration is putting more funding behind long range conventional weapons that could be deployed rapidly, within an hour, and, have near the kind of effect, though not exactly the kind of effect, of a nuclear warhead meaning powerful, easily deployed conventional weapons and the russians suggested already that could be a problem for them. so, the essential posture of the administration is to deemphasize the u.s. nuclear weapons stockpile and increase the visibility and possibly lethal that the and rapid deployment of conventional weapons, which is something that will be part of the arms control negotiation going forward, i assure you. martha: it will get a lot of scrutiny, the trade off and whether or not it is the best thing for the country, major garrett, in beautiful, beautiful back drop in prague, thank you so much, major. bill: take a post card over there and, iran says it will kill all american forces in the middle east, if the u.s. attacks tehran, the latest threat from iran. the islamic republic saying it will respond to any u.s. military action by hitting u.s. forces stationed in the region, iran's military chief of staff saying, quote, none of the u.s. troops in the region will go back to america alive and as president obama he has he has a new commitment from russia to pursue a fresh round of sanctions against iran. martha: this is an extraordinary story, five men busted en route to what could have been a catastrophic bombing in afghanistan. listen to this, the local police say they act on a tip, they stopped an suv just outside the capital of kabul and inside of the suv they found five young men, in traditional afghan garb, each with a backpack containing explosives and harnesses and the police say they were targeting the money, crowded parts of downtown kabul, looking to inflict as much death an destruction as possible and experts say they were likely part of an al-qaeda splinter cell in afghanistan. extraordinarily good news they were able to catch them in time. bill: you bet. smoking in the bathroom, a mohammed security put to the test last night, the smell of smoke on board a passenger jet and fighter jets on the ground scrambled and reports say middle east earn diplomat couldn't wait to have a smoke on the ground and did it on board. what explains this, alicia? >> reporter: we're not quite sure, other than the guy sound like he really wanted a cigarette and he was 25 minutes from landing in denver. when authorities say he got up and went to the restroom, and they smelled smoke in the first class cabin and federal marshalls approached him and he made a joke, sarcastic remark about lighting his sandal on fire and fighter jets were scrambled an escorted the last five minutes of the flight and all of the passengers, 157 passengers, on the flight unfortunately had to wait to be questioned five to six hours before they were processed through by the fbi. bill: was he charged in the end, or not? >> reporter: no. no. he has not been charged and fox news has confirmed that no charges will be filed and mohammed al-madidi apparently will be on his way back to washington, d.c., sometime today. he could be in the airport right now, behind me for all we know, there are 50 flights heading back to washington today, we're not sure exactly which one but yes, he has been release ad ando charges have been filed. bill: and if the guy tried to sneak a cigarette on board and causing the disruption, should he escape charges because of diplomatic immunity and the right? ahead to foxnews.com and click on the "you decide" link and weigh in on the question and see how others are voting. so far, 4,000 people have voted. in a moment we'll tell you the results. of our on-line poll. at foxnews.com. log on, right now, you know what, the bottom line right there, in gray? that much you -- that lets you know where they are. martha: that is where they are. bill: yep! martha: on the road to recovery. that is where we want to be, right, retail sales numbers coming out this morning and are showing some pretty good economic news. we got not a great jobs number this morning and it is good we're seeing the consumers are beginning to return to the stores. some big retailers have reported strong earnings, that out pace the analysts' expectations, and wall street likes to see that. gerri willis is live from new york city and what do the numbers reflect about how people are feeling about the economy and spending their money. >> i have to say they are more optimistic. i'll show you the numbers. bj's wholesale, sales march up 10.6%, and costco up 10%, and target up 10.3%. these are strong numbers and indicate the consumer is back, buying and a couple other things are playing a role, easter came a little later than usual and made the comparisons look better and also, this time last year people were in a lot of financial pain. and you can see that. >> why do we pay attention to the numbers and what do they tell sinus and, what -- and whe are these people spending their money. >> the consumer, 66% of economic growth, gdp, they are back and that is good news for the economy. here's what one analyst told us. >> stronger numbers, coming out of march, and, will be very well -- welcomed by investors and consumers alike and will show people are feeling better about the economy and the housing market is maybe in fact stabilizing and mean labor really is getting a little bit better. >> reporter: so, you know, the analyst were optimistic, for the month and they were not this optimistic and so, consumers here beating expectations. martha: good news, the american people will pull this thing out, by hook or crook, at some point, we hope, right? thank you very much. >> my pleasure. bill: a lot of you are on the computer, iphone and blackberry, and why you are watching here at "america's newsroom," log onto foxnews.com, following our series and click on the "road to recovery link", check it out on-line, now. martha: there are scary warnings from u.s. forecasters, according to the report, we are in for some doozies, folks! potentially, quite a big hurricane season, extreme is what they are predicting in 2010. and mother nature could produce an above-average 8 hurricanes -- get those -- the rain gear out, we might be outside covering these over the course of the spring. there could be major ones that pose a serious threat to the u.s. coastline, an average season sees 6 but they say 8, bill. bill: and quiet last year. martha: it was very quiet. bill: and we'll take the gortex out of the dry cleaners and get ready to go! and by the way, 4,000 people voted already in the smoker, en route to denver, out of the country of qatar, 83% of you say it was a stupid move, log on right now at foxnews.com. conservative african-american and a member of the tea party movement, wait until you hear what happened on a local radio show when a call your says the movement is a bunch of, quote, red neck racists. martha: and the new head of customs and border protection saying drug violence is not spilling over from the border from mexico into the u.s. the governor of arizona, she begs to differ. with that assertion, and she joins us, live. bill: in the meantime, this is the governor of west virginia, joe manchin. this is a briefing we expected, about 25, 26 minutes ago. on the missing miners in west virginia around earlier today, before daybreak, rescuers were allowed into the mile-per-hour because the gas levels dropped significantly and now we wonder whether or not they've found the mission miners. dead or alive. >> let me give you everything, what we know just happened and where we are, at this point. i'll give you scenarios and let consistent follow-up on what is actually happening. the best we can tell you is they have moved clear down from our portal where we came in, we're down to the long wall area and all teams are in that area. at that time the teams were splitting, and we had one team coming down with the long wall, and the rest of the teams would be working at the backup, and moving up into the 22 gate. one shelter here had not been checked and they have one shelter up here, which we are trying to get to. the four people that were unaccounted for, are here and one near 3. the scenarios we have dealt with, they have been working feverishly, the scenarios we were dealing with, is the quality of the air, since this morning, since the men have gone in, the quality of air deteriorated. we were concerned about what conditions that air would cause with the explosive atmosphere. we have three scenarios. the first scenario would be, that we could continue and the air would be to point, they could continue to get back and check the shelter and with that we could do all the exploring here and second scenario was that we know we're in clear air clear to here, before breathing without apparatus and they could have come up into here and seen that it was too bad to proceed back, and... bill: we not have an answer yet on those four missing miners in west virginia. we have been awaiting the press conference all morning, trying to figure out whether or not the guys have a fighting chance to stay alive. we know the rescuers are now in that part of the mine, where they can at some point access them but, so far, based on what the governor is saying in west virginia, they have not gotten deep enough into the mine. we'll watch the story and check in with steve centanni, a bit later this hour. in west virginia. you may have tried supplement pills to combat joint discfort but is there a faster way to find relief? try elations. this delicious, once-a-day jnt supplement drink is clinically proven to improve joint comfort in as little as six days. elations contains effective leve of glucosamine and chondroitin and it's more absorbable tha supplement pills. in fact, some reported improved flexibility in as little as three days. improve your joint comfort with a fast alternative. try elations today. brand power. helping you buy better. bill: time -- time to track your taxes. a lot of illiteration. and states are looking for ways to squeeze in more revenue tanksings the soda you drink to the pet you walk in the morning and anita vogel is live in l.a., tell us, what is the most surprising hidden tax you have discovered. >> reporter: oh, boy, that is a really tough one, bill. i mean, you know, states across the country are broke and are raising taxes and fees on everything including the kitchen sink this time, and pretty much everything in front of me is under consideration for a tax or already being taxed, a lot of surprising things, how about blueberries? blueberries are taxed in maine and that is kind of awful, blueberries are good for you and west virginia they are taxing noise makers, i mean, i'm not sure what the logic is behind that one and here in california, they want to tax -- proposing a tax on soda and every extra spoonful of sugar that would go into the soda would raise the soda an extra cent, and now critics say they know states are broke but they say this is a way for lawmakers to get around the word, use sales tax. bill: i see. . >> fees are a way to get around that, people have an antipathy to taxes, and that is a way to avoid being called a tax-raiser and one way is not to raise taxes and the other is to call things nontaxes and call them fees. >> reporter: yeah, and that is what a lot of states are calling these things, fees. and here in california, this one would actually raise a lot of money, they talk about raising 1.5 billion dollars a year for the state and, the golden state, has been broke lately and, so, you know, lawmakers will try and persuade the legislature with that one. bill: 1.5 billion on the soda tax? is that what you are saying. >> reporter: yes. bill: sacramento doesn't have a sense of humor if they tax your noise makers and what about the federal level? what have you found there. >> reporter: well, actually hidden in the thousand-page health care legislation, how about taxing tanning salons, the federal government thinks that is unhealthy and they'll tax that and states will follow suit taxing services like dating services, actually. dating web sites, match making services, all of those kinds of things and the most egregious one to some people, bill will be back here, live in washington state, they are considering tripling the tax on your favorite six pack of beer. i know a lot of people will be unhappy about that but the governor is ready to sign it. bill: that is not good. thanks, anita, live in l.a., everything on the table, thanks, for that. in los angeles, martha. martha: talk about being in the wrong place at the wrong time. we have video of an accident that you really have to see to believe, folks. this is unbelievable. how did this pole end up shish kabobing a car? we'll show you. are you receiving a payout from a legal settlement or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. but my allergies put me in a fog. so now, i'm claritin clear! claritin works great on all my allergies like dust, mold, pollen, or pets without making me drowsy, cause i want to be alert around this big guy. live claritin clear. indoors and out. bill: breaking news from west virginia, not good news, we're hearing from federal officials working the scene, the rescue crews that went into the mine earlier today are in danger. and are evacuating. which is a strong suggestion that they have not found the four missing miners. and another indication that all of the gas has built up in the area and is not clear enough for the rescue workers to move around and they are trying to take the methane out and using giant fans to remove the poisonous gas and have not reached a point yet where it is safe to stay inside. that is the latest headline out of montcoal, west virginia, south of charlton, 30 miles and the press conference... martha: what it must feel like for the families of the four to hear they went down and to hear, no we have to pull them pack out. bill: more headlines as we get them there in west virginia this morning. martha: now we'll turn our attention to this story, for you, tea party members from across the country today are uniting in minneapolis, announcing they'll form -- that is much discussed -- and is happening today a national tea party federation, and there are 21 groups that are pulling together and the grassroots group took american politics by storm fighting against washington's agenda and not without criticism. especially lately. several democratic lawmakers claim that they were heckled by tea partiers, the day before the house's vote on the health overhaul bill and the alleged incidents causing critics to paint the group as unhinged. or even in some cases, racist. and now, african-american conservatives are speaking out about that. listen to this. this fascinating piece of tape, what happens when a tea party critics called into a local radio show and told the host that he thinks that the tea partiers are a bunch of, quote, red neck racists. listen to what happened. >> it is often said that the people who call names, who use names, don't have an argument to make. so, george... my friend... here's a little secret for you. i am black. go to your computer. google me. i have been on the web since 1994. i am not a red neck racist. martha: there you go, a very interesting exchange and that was conservative radio host david web, and that is the man behind the lovoice and i'm join by juan williams, a fox news contributor and angela mckeown, a congresswoman, and angela, if you felt the pressure of this, being a black female conservative running for office? do you feel the pressure that is being discussed here? >> not among the tea partiers, because, we are all of one accord. this is not a black issue or a white issue and, martha is not a republican or democratic issue. this is about greed and we have been taxed enough already. and, martha, i've felt the pain from the liberal mainstream media, and, others that don't want us to speak out and want to paint us as being racist, red necks and the fact we're out of touch and yes, people heckled democrat members of congress voting for the health care bill because we said we don't want this type of health care reform. martha: what about perhaps african-american friends and people of a different political belief that you know are, have you had pressure from those people in your life? >> you know what, after i explained to them about the job losses, at the end of the day under this administration and juan will agree with me, most blacks voted for this president, who happens to be black, that, even here in the state of mississippi and other places you have a higher unemployment rate among minorities and a lot of minorities own small businesses and when you increase taxes it hurts small businesses and once i break it down, it is not a color or party issue people understand. and you do have some blacks that will not vote for the president in 2012, and i think some will switch and vote republican or independent, this year, 2010 in november. martha: juan, what do you make of this? the tea party, we announced the news 21 groups are pulling together and a lot of people wondered if it would happen, it has been a disparate group and there is a broad bush painted over them like they are red neck and racist. what do you think about that. >> that is wrong, martha. the fact is if you look at the polls now, it indicates that anxiety over job loss in this country is sky-high, and you look at constructive government and people who fear government is growing too large and taxes are too high as angela is saying, and that is mainstream american political anger at the moment. and, so, when you have incidents like the one on the capitol hill that angela is talking about where there was use of expletives and people said, oh, that is the image or look, you know, search light where tea party people went to harry reid's home town and, they said it is overwhelmingly older white crowds, i think they lose touch with the idea that mainstream american opinions at this time is strongly distrustful of government and angry at the bailout of wall street. martha: that is true but, there is this effort and some would, you know, paint it squarely on some in the mainstream media, to minimize the group. to say they are dumb, say they don't know what they are talking about and they, as the caller when he called in, you know, said a lot of times people call names and it is because they don't have any real thing to say. does the democratic party... or, you know, liberals in general, do they do that at their own disservice, juan and then i want to get remarks from angela. the same question. >> martha, i wrote a piece in the "wall street journal" in which i said there is danger for the democratic party, in writing off the tea party movement as a bunch of racist kooks, because they lose touch with the idea that these folks are reflecting mainstream concerns about size of government and taxes and health care reform. there are racial issues hidden in there, obviously, if you look at the heart and soul of opposition, health care reform it is older white folks who were concerned about medicare benefits being cut and taxes, and, you know, and unemployment hit hard on white men and, just to put the racial focus on it and say the threats against pelosi or -- it is in fair to the tea party mutual and what people are trying to see, what's going on in american politics. martha: i have a poll, the breakdown of the tea party and, what i'm struck by in this, you know, over the course of political history in this country, there was a period, to be a woman, meant you should be a democrat because of women's rights and the underdog issue, and, are we getting past that point, where conservatives, the lines are blurred? where people care about different things? >> i don't think we are getting past that from liberals bashing and using race baiting but i think we have an op tumeportuni educate people and in the tea party movement you have black clergy and hispanic doctors and unemployed people and blue-collar workers and the liberals are bashing and using race baiting because that is all they've done and now people are waking up and when bush won in 2004 blacks voted for him because of the right to life and sanctity of marriage and with the grassroots movement we'll educate people more but more blacks are registered democrats and some are going to the side of the right because they've lost their jobs and are tired of the administration preaching hope and not giving change. martha: a fascinating debate and one we're watching closely, thank you both so much. it is very good to have both of you with me today, juan williams and angela, we'll see you guys soon. bill: if you tossed your census in the trash you are not alone, many americans ignoring the federal survey altogether, frustrated with government in their lives, and they say the party will suffer because of it. martha: thousands are dying in drug violence along the southern bor border. a huge issue, and the head of customs and border protection says the feeling is not spilling into the u.s. and that is the concern along the border and the governor of arizona is our guest after the break and she has a very different take on the urgency that is happening. that she feels there. >> this is a bipartisan issue and something as the board of governors we share the same problem and is the same issue administration after administration. we need protect protection at the border. k, one month, five years after you do retire? 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[ male announcer ] visit ameriprise.com and put a confident retirement more within reach. martha: have you done it yet, filled out your census form? if you tossed it in the trash you may not be alone, a growing number of americans, skeptical, apparently about big government an information, i guess, it was requested in there, did that and republicans are concerned in some cases because most of the skeptics lean to the right and now that could have a devastating impact, they say, on the parties. shannon bream is live in washington with that. how could the anti-government sentiment of not filling out the form bite some folks, hey are you doing. >> reporter: martha, great to see you, no one understands, better, probably an utah congressman jason chapin, the state was 800 people short of getting another congressional seat, because, the census, apportions and decides all kinds of important things like you seat in congress and conservative or not you have to fill out your forms. here's what he said. >> i recognize the anti-government sentiment out there and i'm part of that. but, if we don't participate in the census, as conservatives, we will not be represented in the next -- over the next ten years. it is critical that republicans and conservatives and really the whole spectrum of people participate in the census, or, we don't get counted and consequently don't get representation for the next ten years. >> reporter: there is the real fear, that the pushback against bigger government could wind up hurting those who are on the more conservative end of the spectrum, martha. martha: what do we know about what the census bureau does with the personal information, people don't want to give out, they might feel more comfortable with it in order to achieve some other goals of funding and things like that? >> reporter: absolutely, well, we talked with robert groves, who is heading up the census bureau to find out exactly how they use the information, and if you should be worried about your politics or any other ideology you have in filling it out, here's what he said. into census bureau as you know is a nonpartisan statistical agency and we are independent of the political uses of census data, and, the partisan politics that has -- comes along with it and the enforcement side of the federal government. >> reporter: they say they don't care who you are, what you believe, what your lifestyle or your religion or politics are, they want to hear from you. martha: i saw a poster that said, if you don't tell us how many children you have we don't know how many classrooms we'll need, to build and all those sorts of things and what happens if you don't fill out the form? how do they come and find you. >> reporter: a lot of people maybe chose to the to fill it out for various reasons and here's what happens, starting in may there will be about 600 to 700,000 people working for the census bureau going door-to-door and expect the effort to last through july, and if you didn't fill it out you will get to answer the questions face-to-face with an interviewer who is going to come to your front door, and mobilizing hundreds of thousands of people and a good boost for temporary employment but if you didn't do it on paper, you will be doing it face-to-face, martha. martha: that might be enough to get people to fill out the form and don't want the person to visit. shannon, thanks, shannon bream from washington. bill: they ain't selling girl scout cookies, are they! martha: knock, knock! >> i have -- the security cabinet in the state of arizona, i have requested to come together to see how we'll work with local law enforcement and the border patrol to see just exactly how we can get a better handle on this. and, pledge hopefully, to the people of america, that arizona and new mexico, will not be a gateway for the illegal activity. bill: strong words from the border, that is the arizona governor, yesterday, during a tour of the southern border with new mexico governor bill richardson, the u.s. customs chief, also saying on the same day the violence has not spilled over to the u.s. and like it has been raging in northern mexico, so what to do, with our border states and what do they need, the governor is back with us today, i thank you for your time and i want to get back to your request for state or federal help in a moment, what did you see on your tour with bill richardson? >> it was interesting, we went down and flew across the border from the new mexico border, on over to the santa cruz county line, and we were able to see all of the trails that have been -- our terrain down there and garbage that has been strewn all over our desert and private property, ranches down there, and, we're were able to see people on the southern side of the border, waiting to come across, and, hiding, if you will, underneath the trestles of the railroad, and, tents where they are camped out waiting to come across and actually... >> was it that obvious, could you see from the -- >> oh, absolutely, yes. and we were able to see a -- an interdiction with the border patrol that had arrested some group of illegals, across the border, they were investigating that, as we were flying over the top of them, and so they were transporting their belongings into plastic bags, et cetera, et cetera... it is out of control. bill: let's explore that a bit deeper here, the custom chief said the violence in mexico is not coming here, at least not yet. factually speaking, is he right, right now? >> well, no, i don't agree with him and i believe arizona experience aid lot of violence, and -- in respect to the fact that the mules, the coyotes, that bring these people up here, what we might consider the illegal immigrants, coming to work, but they hold them hostage and drop houses, and they terrorize them, and they extort money from their families out of mexico. and, sometimes they are tortured, and, so we see that kind of violence. but, certainly, now, the death of mr. krentz down there, they are still investigating the situation and we feel threatened in arizona and we have -- thousands of illegals are -- a thousand are coming across the border a day, a thousand. bill: you asked the federal government for more help and you say your state cannot afford to send guard troops down to the border and they are doing that in new mexico and bill richardson ordered several dozen to go back down there, that work for the state and would arizona be able to pull their weight in that area, or today again, what are you asking washington to do? >> we have 150 national guard at the border, currently and i have requested the federal government to send 250 more down, to support the local law enforcement in the border patrol down there. and it is a federal responsibility, and, certainly with the budget, arizona is facing, it, you know, we cannot, if we were in fact to send a -- more troops down there, which i could, but we don't have the money to sustain that. ... bill: how much do you need, governor. >> i'm asking for 250. bill: do you think you'll get it. >> i'm hopeful. you know, i have requested on numerous occasions, to the department of defense, and to the homeland security, and, certainly from the president, himself, you know, in lieu of that, i have gathered together my security cabinet, to see just exactly what we can do, so we're putting plans together to see what it is we can do to stop this violation of our sovereignty here, against the illegals and the drug cartels. bill: gordon, thanks, we're trying to get bill richardson, your counterpart on tomorrow, from the other side in new mexico, governor, thank you from arizona today. >> thank you, thank you very much. bill: you got it. martha: well, it's an unprecedented case, will phoebe prince's classmates be convicted of pushing her to commit suicide? listen to phoebe's friends. >> she really was going to go to the cotillion dance and did have a lot of friends and he was going to have a good time, but something just got to her. martha: something got to her. how you can see the signs of this, that may be happening in your own community or maybe with your own child we'll talk to someone close to phoebe's family, next. 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(announcer) you need a sinus medicine ooohhh... that rescues you from all three symptoms introducing sudafed pe® triple action™. for more complete relief from the sinus triple threat. get more complete relief. with sudafed pe® triple action™. also find sudafed® behind the counter. martha: three teenagers accused of brutally harassing a classmate who later committed suicide pled not guilty to these charges this morning. prosecutors are calling the treatment of 15-year-old phoebe prince unrelenting, bullying. she hanged herself, as you know, if you have been watching this program, back in january. and now the pictures that you see here are some of the students, three of these students were charged earlier this week, all of the students involved in the are believed to be involved in the, have so far pleaded not guilty, all six of them, though, there are six altogether, opted not to be present at the hearing. and that was their choice -- their option, legally, their lawyers were sent in instead. and in an unprecedented move, though, why we are giving so much attention to this case besides the fact a beautiful young girl took her own life, the fact is that this is a court case and the charges range from stalking to statutory rape in the case of two of the boys who are part of all of this, and the photos we showed you, we showed you because these are not considered minors in this case. a friend of the prince family, his children go to school, one of them is in phoebe's grade in school, joins us and we welcome you, you have been out spoken on behalf of the family, luke and it is good to have you with us today. >> thank you, martha. martha: what -- tell me what is happening now in the town, because i'm hearing the six people, some of whose photos we showed are now becoming targets in this as well and there is so much anger and hostility, in the community, that now, it is coming back at these people and there are big web sites that were created and they are being harassed and subjected to cruel treatment, and even in some cases people who are -- mistaken identity are getting harassed. can you tell us about that? >> yeah, absolutely. you know, this thing has just gotten way out of hand. the reason it has is because there has been no leadership from administration there. and if i were the parents of those kids, i would be furious with them. these menu since september what was going on, at least november, when the family went in and made it explicitly known to them, no one told these kids to stop and each time they kept pushing the envelope and pushing the envelope and that is the way kids are and they are kids. now they are being dealt with in the harshest terms imaginable by our brave district attorney who came out with some, you know, very bold and courageous charges and they are being held accountable and what about the adults? what about the men who are deemed to know. martha: because i think we have to be careful about these six other kids. who are charged in the case, because it will take the legal system to determine exactly who did what, and it is very possible that some of these people have been swept into this, who, perhaps were not as guilty of this activity as others. we really want to be sure on the show to protect these children as well at this point. from, you know, what may be coming at them, right, do you feel the same way. >> absolutely. again, they are just kids and the only thing, our town, our town is painted with a horrible paint brush, and that is because, again, these gentlemen, i guess, have not been forthright. martha: i read a -- >> head in the sand. martha: one of the girl's aunts, apparently let the school snow when she started, look, she's subject to harassment, she actually got bullied in her school in ireland, and please look out for this child and he was asked to comment on that and gus thayer, the superintendent said, i cannot -- it's the weekend and made a reference, i can't talk to you now, it is the weekend. >> it is a constant circle of contradiction with these folks and they've done local news spots and we're starting to -- the world is starting to see what we are actually up against here. martha: leave it there. >> and we'll take back our schools and our kids. martha: please keep in touch with us, and we thank you for joining us. >> thank you, martha. martha: for joining us. bill: a great guest. so articulate, too. martha: he is. bill: the world's greatest golfer is seen in a whole new ad, and it is not what he says in the commercial but, rather what his deceased father says. you'll hear that, in only three minutes. >> to promote discussion... to stretch around the earth over 190 times. each brita filter can take up to 300 of those bottles out of the equation. bill: there's a new commercial getting enormals attention already today, are about to see tiger woods, saying nothing, staring straight ahead with the voice you hear, it's the voice of his deceased father: >> tiger, i am more prone to be inquisitive, to promote discussion. i want to find out what your thinking was, i want to find out what your feelings are, and did you learn anything. bill: we are told that spot was shot in the last few weeks, and in three-and-a-half hours, tiger woods tees off in the first round of the masters in augusta george aph. phil keating is live in afwus ta, did people see it, phil. >> reporter: people saw it last night and this morning, and keep in mind it was shot in the community where tiger woods lives and that is of course where all of his problems began with the car wreck on thanksgiving and some see the ad as somewhat creepy, and self-flageliization, and others, a way to sell nike products and, others say what he does in his private life ought to be private and that's that and the chairman of the masters tournament, yesterday publicly spanking woods. >> is there a way forward? i hope, yes. i think, yes, but his future will never be measured against his performance against par but measured by the sincerity of his efforts to change. bill: adding the biggest let down woods has done here is to the kids and grandchildren who looked up to him as their role model and hero. bill: phil keating down there live in augusta and we'll see how he does over the weekend, if he makes it to the weekend, has to make the cut first, i have a friend working in the ticket sales and stuff like that, you can get badges and they were selling for $1500 and that week they went up to $8,000. martha: wow! bill: some people are paying 8 grand, to have a badge and a ticket and pass down there at augusta. martha: what do you think about the ad. bill: i'm fascinated by it. martha: marketing... bill: the choices they made and decisions they made to produce it that way, what do you think. martha: i think it is in very bad taste. i don't understand, using the voice of your deceased parent, to sell nike products and i'm not alone, i know a lot of people, our viewers have written in and would be curious what you think about this, an open question and i think it is tricky territory. bill: bad decision. martha: thanks for being with us, we'll take a quick break, right? 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[ female announcer ] people with stomach ulcers or other conditions that cause bleeding should not use plavix. taking plavix alone or with some other medicines, including aspirin, may increase bleeding risk, so tell your doctor when planning surgery. certain genetic factors and some medicines, such as prilosec, may affect how plavix works. tell your doctor all the medicines you take, including aspirin, especially if you've had a stroke. if fever, unexplained weakness or confusion develops, tell your doctor promptly. these may be signs of ttp, a rare but potentially life-threatening condition, reported sometimes less than 2 weeks after starting plavix. other rare but serious side effects may occur. >> ♪ >> sneet martha: i thrawive song. a texas man with a strange group of friends, folks, meets a trio a rat on a cat, the cat on a dog, i feel like i'm reading dr. seuss, but according to the owner
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