Melissa the dow and s p are on track to close above their record highs. S p looking particular good after ending last week in the red. What is behind todays climb . Joining me now and our panel, our very own Liz Macdonald. We have James Freeman from the wall street journal and fox newss Brian Kilmeade. Why do you think of this market here . Why are we rallying . Earnings, better than expected. Give u. S. Businesses credit for continuing to eke out profits even when people dont expect it. Melissa you think it is merger mania . That and earnings. What is interesting, melissa, stocks dropping like a stick, ones that ipod last fall. Were talking zulily, chegg are still under pressure. Melissa brian do you make sense of this this or what stock market does about economy and what people talk about their wages and something else. Where will i put my money to be safe . Real estate, i get a bigger house. What happened to a lot of real estate prices . I dont know that is where you will put your money in the long term. So many people told me, not guys james runs with. That is whole different crowd. Where do you go. Give it to mutual fund. Go buy a stock because im not really sure what else to do. Melissa it is true. Stock prices have outrun house values so much. A lot of people still think home is where to put your money and it is just not the truth if youre still stuck in that boat, right, james . What weve seen since the beginning of the recession. Go back all the way to the 18th century. The return on homes after inflation is about. 2 a year. It is terrible. Not an investment. It is a thing to shelter you. Melissa liz, anything else . I wonder how long we have a run here, right . We have the know the fed will start hiking rates and that is kryptonite to stock market rally. They will do that next year. Slow, quarter point increases but could have kneejerk reaction. Get ready for a raise. You could make more money. A majority of Top Economists expect wage growth to accelerate this year. It is good news. We havent seen a lot of it. Im not sure if i believe it though. James, what do you think . Terrible first quarter. People blame that on the weather. A lot of people are thinking Second Quarter will be pretty good. We heard this before. Were still kind of bumping along in a slow economy. But there are signs to be optimistic. Melissa the problem i have they base a lot the fact that unemployment is getting close to 6 and fewer people out there looking for job that will push wages higher bus that 6 number isnt real because it doesnt represent how many people dropped out of the labor force. Brian, what do you think . That is absolutely true. It was higher in recent months. Heres the thing. Cant tell us one day the middle class is disappearing and not getting raises. Come over this day and were all getting raises and things are getting better. Get on the right page. Stop with flow charts and bar graphs. It is making me crazy. Melissa Brian Kilmeade represents what most people in the audience think about business and economics. He is here to tell us that were all idiots. Wages are going up. What are you talking about . What are you talking about about were not in immaculate recovery. Melissa i like that. When you talk about the 800,000 who dropped out, get this do you see what wall street is saying, why the dropout . Because, it is because of expiration of jobless benefits. When you, when you apply for a jobless benefits you have to check off a box saying youre still looking for work. That was illusory. When those jobless benefits went away, lo and behold a huge pop, 800,000 people dropped out. Melissa former section treasury secretary tim geithner releasing his book. It caused controversy. What surprised you the most. What surprised me tims feelings . Melissa touchy feeling. Havent read it. Was there a lot of quiet crying . There was nervousness. I thought it was bizarre when he talked about how he felt better when they were intervening in markets, regulators, politicians. Melissa i dont like that. When they werent, he was nervous feeling inactive. You hate to think a lot of this Crisis Response was about his feeling nervous. Compulsion to do something. Melissa needing a drink instead of taking reins of the economy. When he was running. Melissa much more productive. I go to glass of wine. You think of exercise. I applaud you for this. Would you ever pick up this book, Brian Kilmeade. Yes i would. Melissa youre an author. I see these guys by the coffee machine. How do you read a book and host wall street journal all day long. Some say you tape on fridays. But liz my spouse did not have the greatest mothers day ever. Oh. Same with me but i blame my soccer games and eight hours on the road to princeton from long island, not a good thing to do. Can someone build another road in staten island. I will pay with lizs money. Why every time Timothy Geithner to talk, you ask him the time he looks like he saw a car accident . He scared me every time he talks. Melissa youre right about that. Woodland creature. Absolutely. Melissa charging huge bucks for Overdraft Fees and critics slamming banks set up shop inside walmart and taking advantage of customers. The customers say the 30dollar Overdraft Fee is way cheaper than pay day loan. Theyre writing checks, knowing theyre bad. Knowing theyre making it to next day pay and only 30 for that makes a lot of sense and going on in all walmart banks that set up shop inside. What is really disturbing that the government decided there is sector of the financial system, people who do pay day loans, high interest loans who are just bad people abusing customers and even in the absence of any specific violations theyre kind of pressuring this industry to change. And what you see is these things exist for a reason. Customers want them. In other words, people who skip out onack those Overdraft Fees. Melissa right. Or payday loans is astronomically high. Yes it is, effective Interest Rate on these Overdraft Fees is 300 , if you math it out but the Business Model is, were going to hit you with a fee because you could skip out on us. Melissa that is my question. I didnt see that in any of thee research was the idea that these are banks that set up shop inside of walmart. They collect 75 of their fees all come from overdraft charges but are people more likely to then pay them back . I mean in essence theyre refilling their bank account with their paycheck because of overdraft at bank account, then if they do payday loan and never see them again . I think Overdraft Fees are more likely melissa more likely. Seems like more efficient, no. Keep in mind a lost fees, the government has pushed out, ruled out certain fees. You remember the fight over debit card fees. So the banks, they need to find revenue where they can. And this may be one of those places. Its a sketchy area of business, this Business Model. Melissa this went along with another talker, one in 10 americans no longer carry cash on regular basis . Have you heard this . According to a new bank rate report. About half, 49 carry 20 bucks or less. How much money you have in your pocket. None. I just have atm. Melissa really . Dont carry cash. Almost every carry cash and now with tolls i dont need cash in the car. This is what it is hurting. People hurting in the streets. So many ties i want to give them a dollar. Only have a dollar and they dont take atm cards. When i do ask for change i feel like a homeless person. I dont carry cash. Credit donations in bitcoin . Could try that. Are you using plastic because you want points . Is that what youre saying . No. I feel like there is nothing i cant do without my atm card. Melissa you have a record. That way you know exactly what you spend at end of the month. Cash you get change back. It is like a tax. You may or may never use with the cash. It collects on dresser. When you use your credit card you pay with every penny. They are honest. First billionaire of hiphop celebrating before that apple deal is officially done. Uhoh. Dr. Dres deal for tom bradys 14 look at that, 14,000 square foot california megamansion. Million dollar listing agent john altman joins us. Brian bid on this house. He lost out to dre. Good to see it again. That is the thrown shop that sold me. [laughing] hunting from that height i like it. Melissa two weeks after the fact, l. A. Clippers owner Donald Sterling asks for forgiveness. Are you buying it . Up. A short word thats a tall order. Up your game. Up the ante. And if you stumble, you get back up. Up isnt easy, and we ought to know. Were in the business of up. Everyday delta flies a quarter of Million People while investing billions improving everything from booking to baggage claim. Were raising the bar on flying and tomorrow we will up it yet again. Melissa disgraced clippers owner Donald Sterling finally offering a mea culpa for racist remarks that could cost him his franchise but his estranged wife made it clear she is not going quietly. Shelly sterling is digging in and refusing to give up her share of the clippers without a fight. The nba may insist that the team be sold, what would you do then . Well, that is, im fighting for my 50 . Well there are reports that the nba wants to out of you completely as a team owner. You will fight that decision . I will fight that decision. Melissa here now, are the chatwood fund jared levy. We have James Freeman and Brian Kilmeade are back for more. Its the story that keeps on giving. Right. I think it is important for her to know she has absolutely no leg to stand on with 3 4 of the owners decide she will be ousted all owners are divested. They have to sell and get a portion of the proceeds. Melissa she makes a point, im wondering if wife of one of the owners said the racial slurs would they out of the husband or leave the husband in. Great point. Melissa i didnt have anything to do with it. Interesting argument. Who will i mean bottom line is right, you have the gentleman who owns the clippers and then you have melissa she owns 50 . She is wife. Theyre not divorced yet. She owns 50 of the it. Why should she have to deal with what she he said . Shouldnt he sell his 50 and keep her 50 . Done. I dont think you disagree with me. Go ahead, brian. Franchise like a burger king or anything else and board of governors rule and therefore she has got to go. I know what she is saying but big picture it doesnt matter of the nba has ruled, Donald Sterling made kind of an apology over the weekend. Im not a racist. I made a terrible mistake. Im here to apologize to ask for forgiveness from everybody i hurt and looks like he read it off a card. He saii i was baited. I dont talk about people. I talk about ideas. I dont talk about people. Do you feel better . This guy was in complete altered state of reality, i didnt feel at all melissa arent most millionaires . They doesnt live in reality. People say yes to you and give you what you want and have all this money and every once in a while it comes to bite you. I dont think you say about mark cuban and donald trump. He deals with everyday people. Is isolated 0yearold and doesnt like talking to the press. Melissa okay. What is known in community not a good guy, not a nice guy. A bit after jerk. Maybe what will come out is what lc said. Melissa the other big sports story in the nfl. Michael sam making history becoming first openly gay player to be selected. His oncamera kiss sparked controversy with the leagues, number one. If he is openly gay person and kisses another man, why is anyone surprised . Melissa i think reaction was more telling than anything else. Some players came out and saying things on twitter. Nfl responds by hitting them in the wallet which this is show about money. So it is interesting to see, can penalizeing them by fining them saying things inappropriate force them to get in line and say this is the direction were moving in as a team . What are you guys thinking . Youre laughing. Hold on. One area you have, you know, lets, gays okay, lets talk about. Okay to kiss, thats fine. Find someone voicing their opinion. Granted, i think you should love who you want. Carry a gun. And do whatever you want and have your own freedoms. I dont think it is right to fine people. See anything in the contracts can say you would be not responding to a particular twitter comment. I havent read them. I dont think they can completely police free speech on internet with a nfl contract. It is really dangerous because, what happens is, player treated out, omg. Someone wrote back to him, horrible. Talking about the kiss, he wrote back horrible. Them in basically detox for emotional acceptance of societal changes. People can have those views. Melissa twitter rehab. Got to be in twitter rehab. People say all kind of stuff on twitter. Well start policing twitter . Guys on that note, get away from this discussion immediately. From the u. S. To every corner of the globe, money is flying around the world today, starting in china where officials told citizens to get used to slower growth. The countrys president spoke of a quote, new normal, far away from the days of runaway economic expansion of the government there says it wants to focus on longterm reform and stability. Over to romania where count Draculas Castle could be yours for undisclosed price. Some put the price tag close to5 million. What a deal. Transylvania digs were once home to the dreaded vlad the impaler. That attacks 50,000 visitors. That is income. The castle will make a tidy profit and they hope the new tenant will turn it into resort. Im going. Japan where bald man have a place to go and drink away soros on the cheap, they offer a balding discount. Hard for works dads whose hair is falling out due to stress and work and fatherhood. Groups and customers are encouraged. More show up, the bigger their discount. I dont know what to make of that, so i will let you have it. Want a shot with that bacon . One disearlier is going hogwild combining whiskey with your pork. You have to hear this one. Wow. Plus, welcome to the billionaires club. T. Boone pickens rolling out the red carpet for dr. Dre and leads right into the 1 . Do you ever have too much money . Youve reached the age where you know how things work. This is the age of knowing what needs to be done. Et ee talk to your doctor about viagra. 20 million men already have. Ask your doctor if your heart is healthy enough for sex. Do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. Side effects include headache, flushing, upset stomach, and abnormal vision. To avoid long term injury, seek immediate medical help for an erection lasting more than four hours. Stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. This is the age of taking action. Viagra. Talk to you doctor. Melissa markets in rally mode. Eye on. F big winners keep a coleetaldes flo o the new york stock exchange. What is behind this rally, nicole . Record alert, record alert. Were trending higher bit by bit. People have the optimism of the market and talk about the path of least resistance to be upside even though Economic News is somewhat mixed. Sometimes you get a great report and then you get a weak report. With that said you have accommodative fed which helps things along. Were in record territory. Dow, 16,693. So close to 16,700. If were to close around these levels, it would be the third record high, record close of 2014 alone. Weve seen plenty of leaders on the dow, names like Goldman Sachs and united technologies. You do have Technology Overall as well as industrials leading the way. Weve seen a lot of consumer names really hitting new index. That is pulling back today. Melissa nicole, thanks so much. Airbnb looking to expand its risky business. Homesharing website telling Financial Times considering everything booking from dinner reservations to travel plans. Is this airbnbs ultimate fight for survival . Back Liz Macdonald and jared levy. We have nyu professor mark brennan. Their basic Business Model sort in trouble here. This is way to show the states that want to tax them and government that wants to go after them that they are serious, that they are all about cementing their melissa really . Virtual concierge desk is essentially what theyre doing, building out a service that will sell, excuse me, sorry, dinner reservations or other tickets. What is wrong with open table, kayak and all these other sites . Melissa its a bid like liz said to make them seem more legit. Were not just really trying to help people set up brothel overnight or meth den or great article on foxnews. Com they outline ad host of horrors people who have give then their house to bnb been subject to. Them involve sex. I dont know what that says about our society. A new york comedian rend the out his modest apt and turned out to be giant orgy. Next person in oakland, met addict trashed his home and stole his birth certificate. Who would put your house on airbnb after you read these things. Thats true. Melissa what do you think, jared. Theyre disrupting the industry in a good way even though theyre faltering. Maybe you have a Security Company, insurance company, provide Housekeeping Services or Security Services to the bnb customers. Think if they do this right and invest a little it about money it could be interesting. I actually like the company. I agree there are some faults there. Melissa very inflated price. Mark, what do you think . Maybe rather than saying well add Concierge Service and that will make us seem more legit operation, as business professor would you advise to dohat is jared is saying well bring on Security Company and what would you say. Regardless what jared said im waiting for this whole internet thing to blow over. Going too long. Melis