spoken. one hard debate on tiffany. good congratulations there. >> down ten% i think it is an opportunity. >> delta airlines long. >> international paper great way to play in the u.s. >> medical device syk. >> power lunch starts right now. >> power lunch and the second half of the trading day start right now. >> welcome to power lunch. that wild fire spreading right now. power and water for san francisco could be cut off. we are live for you. they have returned from the site of a chemical attack. is the u.s. expected to attack? we will talk about that with

richard engel. we have the attorney who may change the way that americans invest in bonds forever. >> after steve ballmer steps aside, which chief executive is soon to follow? >> david? >> hey, sue, how are you doing? >> we are going to start with these pictures. the fire burning around yosemite national park. it is getting worse and threaten ing california. the latest word from the governor's office is that the water and power in san francisco is holding. the danger doesn't seem quite as

bad at first. san francisco is 180 miles from here. the water and power supply come from the reswear which is in the park. crews have been trying to protect it. look at the view of the fire from space. you can see that the spoke is going to the north, northeast as the wind comes out of the south. that is good. it takes it away from that reservo reservoir. that is the hope that they can get the fire 15% more contained. where they are going door to door checking to make sure that the homes are not full of

combustab combustables. >> if we had heavy winds they can carry embers for a quarter of a mile or more. we had engines spaced in the area. we look for spot fires and we deal with those, first. >> you can see the smoke and the haze in the air. the fear is that this carries embers with it. if you go to home depot, it is 9% moisture content. this is roughly half that it is a tinderbox. >> thank you scott we appreciate it. new york's state attorneyy general suing donaldtump. say i saying hits university was a fraud. welcome, it is a pleasure to

have you on our air. it was renamed the trump initiative. it has been described as largely defunction defunkd. we have to let them go and now some of them are unemployed. this is what is happening the business in new york. he is a light weight and an attorney general. we have the trump school which had a 98% approval rating from the people that took the courses. it was a wonderful school and an accident place and did a good job with a 98% approval rating. 1.4 billion is missing by john corzine and many other things and they leave them alone.

and they go after the cul which i did to help people. if i made profit with it, it would have gone to charity. let's talk about what some of the allegations are. you were supposed to and select the teachers and instructors. >> it is wrong. i wept through every resume and applications. we had wonderful teachers and mentors. i recommended people i met with some people it is totally wrong. this is a guy that during the vks is asking us to make political contributioned to his campaign it is unheard of. >> did you contribute? >> early on. but and he was never happy. he's been up to my office.

he would come up to my office tell me terrible things about obama and governor cuomo but he sat with me on a number of occasions and would talk to me but never happy because he felt i should have done more. let's listen on walk this morning. listen what he had to say and we'll give yo chance to respond to it. >> they never registered as a university they kept lying to the new york state department of education. trump in his promotional videos said people would be talk his insider secrets and given access to a confidential list of ip

ve investors. >> what he said was a total lie. we talked with the people. they negotiated and when they said no we took the name university off and used a different name. you have to see the curriculum and the books and the kinds of things that we have done. you have to see the quality of the professor and teacher that we have. he is trying to try it in the press. he knows he is going to lose the trial. we have wonderful people that have worked there. everything that he said there is totally wrong. when they said okay don't -- we applied, they signed it and decided not to allow us to use the word university and we changed the name. you are going to fight this done ald, we hope you will join us again on power lunch.

david now to you. we are keeping an eye on amgen shares are the real beneficiary today. >> they are up pretty big. the drama is over. onyx agreed to be bought for over $10 billion. this ends the period where they put themselves up for higher bids. it builds a pipeline. they get research from onyx. that is up from the $120 per share bid. traders are keeping their eyes on other bids. it has received take over

interests. interesting. imtrying to figure out what is going on with that. >> also from the monday august 26th deal. wanted to mention that it is going to acquire tmg interna international and petroleum on the rise after they agreed to buy 10% offshore. and they still own 26.5% of the field. investors quite pleased with what they will do with the proceeds. and here in the states and perhaps to fund continued

buybacks of the shares. >> thank you very much. time to do some analysis. well kuk back. >> thank you. >> we are going to start with city. it is one of the reasons why. the shares of the toy company are up. >> i think that is a cool name for a game so i want to be onboard but i'm not. 6% when it was at the high today. you have to ask yourself is elmo enough to knock it out of the range? if it settled at $48.50 then i would reconsider. let's go to deutsche bank

downgrading family dollar. over one year the shares are up 17% on the trading section. what do you think? >> dollar stores. they are up four or five times off their low in the last five years. the story was there was going to be increasing lower class. that some what played out. our margins in selling toilet brushes and sponges. they said dollar tree is in a better position than family dollar. >> all right let's go on to stephen nick lar. the stock is trading above 77 per share. shares are up 16%. what do you make of this, jim?

>> i don't like their analysis on it. i don't think there is going to be a shut down of the government. i think the republicans might be too smart to do something with that. i think they need to keep their nose clean. i think it has run too high. the technical pattern shows strength but then i look at the bigger chart and i'm not going to buy something that has rallied that long. >> i want to look at the broader markets now. on the least week of summer. all in the green, august has not been kind. we come into this week a very quiet week and we are posting some gains. talk about a vote of confidence microsoft stock is up 9%.

what ceos may be moving on? >> microsoft ceo might be stepping down and the ultimate came when the stock suffered a more than 30% loss. after the nasdaq slashed rates last week some things moved to replace the stock. also consider jc penney. mike alman but still the company delivering a weak second quarter. then there is also struggling pc

maker dell, finally apple. cook's performance has been lackluster. but could someone else innovate better and is there any bone wh can fill steve jobs shoes? >> un inspectors are searching for evidence of chemical weapons in syria. and is the u.s. about to strike. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me.

i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine.

shares of two printing firms saying the market is on the verge of tripling in size over the next few years. up $125 a share back over to you. tess la is up. the market where it is home

based. indeed it is. love them or hate them. you have to give them credit of going through those three long years of law school. but the president wants to make it two years. the guys from abovethelaw.comare with us. [ male announcer ] it's time. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10.

it's time. the new blackberry q10. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. ♪ make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity.

get 200 free trades when you start using active trader pro today. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ this is video in damascus

this morning as un investigator s try is investigate the site. it is these pictures that emerged last week that have the world up in arms and the us considering military action. if the allegations are through it would be the first such attack since 1988. >> reporter: over to you. thank you i think we can be a little more decisive than the statements that you made so far. the un has confirmed that chemical weapons were in fact

used. we have spoken to medical personnel and they say they are completely convinced that the government used commemkal weapons on a massive scale. us officials say that it seems likely that the u.s. will take military action. will it be a few punitive strikes or a more formative action. the rebels want to see a strong response from the united states and other countries something that they hope can turn the tide in this war.

they say if they don't attack the leader will believe he has gotten away with it. >> richard, thank you. david down to you. lawyers are taking sides on that controversial comment from president obama. we have on the phone dan rod regez. he's the dean of -- school of law. you are both lawyers at least in a former life. why would two years be better than three? >> bottom line is that in the game of legal education in america is the wake. it is the -- that you have to pay to be allowed to play the game.

give me your take? >> is that true? >> it depends on the law school. the notion that the third year of law school is valueless is not the case. all three of us and president obama attended law schools for three years and i suspect we have the goodness a nesness and badness of that experience. let the markets decide. students will vote with their feet. >> i think a lot of people who have talked about this two year program, you can actually be

working somewhere learning about how the law looked in a real world. i might be getting paid yourself. so it is a great way to improve the practical training. it is a win win. what would it do if you watched your tuition be cut by a third? >> we would have to make adjustments. if we can't justify the third year, warrant the students to pay tuition because of the practical skills training that we offer. then we shouldn't collect their

tuition. we should think about whether we end up with real value. if we want to let the market decide. let's let the hiring market decide. they are getting their job after their second year of law school. >> what did you learn your third year? >> some people improve their golf game. the first year they scare you to death, the second they work you to death and the third they bore you to death. >> i think that is an old saying. >> to be fair, it has gotten more expensive and we are going

to have to figure out a way to redefine it. the third year is moreoriented. i don't need a single lawyer to say students know everything they are going to know after two years of law school. we'll do the education of them and send them off to a federal judge and we'll teach them what we need to know. law schools provide more training and education. >> i don't know a lot of students who say it helped them get a job. >> if they want to spend their money and get the training, they shouldn't be forced to.

in some states progressive arizona they are allowing students to take the bar. if you can take the bar and pass the bar and get a job after two years why are we forcing people to take the third year. >> the president was talking about a third year of classroom in instruction. it should be practical. if you look at the uk and canada, they have more of a blend of practical. a lot of this does come back to economics. the incredible debt burden that so many of our students, end up with having to pay off with years and years, is that model going to change? it is going to have to change. students haven't been forced to

take that third year. students should be able to sit for the bar and the law school should justify. >> dan, dean thank you for your time. david, thank you both as well. >> thank you for having us, sue? >> all right. i hope they get that situation figured out before your kids and my kids have to go. >> closing shop for this trading day. >> it has been a downside section for gold. silver has had a descent day. >> copper down platinum on the upside david? >> all right. let's talk about the nasdaq.

take it away. >> we are not seeing market activity. we'll have to deep an eye on that index. some names include facebook. tesla on the move up better than five% and now up nearly 400 p percent year to date. remember we had that up beat tweet. also rising anticipation on september tenth where they are expecting apple to unveil a new iphone. lastly that mega deal, seems to be doing the brought ter deal. back to you. >> thank you very much. we are back here and we have bob

hasani sitting to my right. it is quiet. >> we are up three days in a row. lousy new home sales on friday. lousesy durable goods numbers. but the bottom line is we have had a couple days in a row. and that is helping the stock market. some of the sensitive things. the stock market is sitting there, we put up the sensitive stocks today. you will see them not doing much. fertilizers rallying that the chief of the potash car tell has

been arrested with abuse of office. they came out and said we are no longer going to be a cartell. there we go with the move to the upside. we are hearing reports and they are up 5% in july. >> they have no exposure. where does that come from. the other ones do well. >> absolutely. 7.5% gdp. looking more and more real. >> a player in the statistics division. look, we are going to make our 7.5%. a guy made a comment. >> got it. thank you bob. let's head over to rick san telli. >> as bob said, strongs are payipa

paying indicates. pick out both those weak data points. whether you look to the adjusted or not. let's switch gears to the five year. we can see that the five year is hovering around 161. go to the ten year month to date. we clicked up to 281 unchanged on the date. as for the foreign exchange side. you talk about watching paint dry a very important area. but we have an sitting here for quite a while. thank you so much. whether you put your money in south america or not this decision will impact you. look at that guy. the profit goes after that guy. he is one mean boss.

weekdays are for rising to the challenge. they're the days to take care of business. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next. i've been doing a few things for playing this and trading.ove-- tdd#: 1-800-345-2550 and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a notch or two. tdd#: 1-800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 they've now put their most powerful platform, tdd#: 1-800-345-2550 streetsmart edge, in the cloud. tdd#: 1-800-345-2550 so i can use it on the web, where i trade from tdd#: 1-800-345-2550 most of the time. tdd#: 1-800-345-2550

which means i get schwab's most advanced tools tdd#: 1-800-345-2550 on whatever computer i'm on. tdd#: 1-800-345-2550 it's really taken my trading to the next level. tdd#: 1-800-345-2550 i've also got a dedicated team of schwab trading specialists. tdd#: 1-800-345-2550 they helped me set up my platform the way i wanted, tdd#: 1-800-345-2550 from the comfort of my home. tdd#: 1-800-345-2550 and we talked about ideas and strategies, one on one! tdd#: 1-800-345-2550 really gave my trading a boost. 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 after all, i'm in this to win, right? tdd#: 1-800-345-2550 open a schwab account and learn how you can earn up to 300 tdd#: 1-800-345-2550 commission-free online trades for 6 months tdd#: 1-800-345-2550 with qualifying net deposits. tdd#: 1-800-345-2550 call 1-888-254-2600 today. tdd#: 1-800-345-2550

last week, case decided by the u.s. court of appeals. it was a big win. that after the country defaulted on its bonds. always a pleasure to have you. >> thank you david. this was an important victory here. explain to our viewers why it is important. and whether it has any impact

overall on other decision making. extremely important decision in the worlds of the federal court of appeals where am issues come before it is an important court. for now it is an outlaw country. it used the words debtor. they have defaulted again and again for years. when it sold it's bonds, it submitted it self to the laws to the spat tate of new york. over and over again the laws of new york it has defied court

ordered and refused to comflply and the court of appeals is saying this must end. >> it is unclear whether it will end. there are those out there who participated in the exchange. mr. singer went out and bought the debt that hasn't been explainth changed. is it a matter of how they were written and they had a bad lawyer when they did this thing? >> no, but it was necessary for them to make these promises for them to treat them evening wally to enter the united states and borrow money.

because argentina had defaulted again and again, they have a 200 plus history of promises. mr. singer and his company and small investors and entities bought these bonds in good faith that argentina would comply with the abobligations. they are saying you can no longer comply with it. >> the sipger could send up a loser here. >> argentina is going to have to

participate throughout the world. it will never be able to pay in the united states again. it is going to say that even in the united states it will a don't think there is any chance that the united states will make this case. it is a matter of enforcing new york law and it is important to say that the kaurt sacourt said is important that we live up to

their obligations and what about the possibility of a settlement? i was open to talk about that, but they have said from the beginning not a single penny to these legitimate bond holders. so it is argentina that has been refusing to gaucheiate if they have changed their teen we'll see what happens. we'll get you back real seen. hope this we'll do that soon. >> i look forward to that.

has college become so expensive? that is coming up next plus a profit to remember. she loves a lot of the same things you do.

it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than 4 hours.

if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial. welcome back to power lunch. netflix is hitting a two year high. market cap was $3 billion. today the market cap is $17 billion. at the value that is a lot of market cap. >> it is sure is. there is a growing number of older american peoples who are art of the $1 trillion college

roent bet. >> reporter: well it is back to school time. a surprising statistic is the number of parents who are facing their own debt at the same time that they are taking on more doth. they are age 50 to 54. 112 xwowed. we talked to a financial planner. >> 30% of my clints are 50 and older worrying about peaing back their chirp's loans.

this is age 60 and up. this is the top age category that the feds actually tracks. they owe $60 billion. $43 billion and up. you can imagine what that does for the planning. they are still trying to pay that off. >> coming up next. the profit goes wild on a boss that may be cussing more harm than good.

tomorrow night at 10:00 rkt marcus puts his money in a real zoo? >> we are not all here for you. we are here for this place. >> then no. no. no. i'm not going to put up with that. he failed miserablmiserably. i don't have to ask him time and time again. just do it.

yelling and screaming doesn't get anywhere. >> what are you talking about? >> i'm not going any your. >> that is a waste of time. >> i went into the office and i said please show some compassion. >> he started screaming alt me and was being so hostile in my face. >> he was very angry and really challenged. >> i said what is your problem and he goes like this. not oh, my god. >> i did not get in his face. >> what is the energy he had. >> that is not what i said you fricken moron. after that things get dramatic. >> the profit is on tomorrow

night at 10:00. before you watch ott 10:00 we have it on tomorrow. we can't wait that episode is fantastic. >> all right the ball switches courts in the cbs fight. now football may decide everything. are you confused. don't worry. we will sort it out up next. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot.

it's time to build a better enterprise. together. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present.

time for today's power

rundown. good to see you julia. this is an interesting to but rare move. tero price has performnantly brand brands people from trading in their 4:06701 k bans. it seems dra man known to satisfy good in you have are banned. most people have some interaction about et. it stages me as the wrong mife. what do you think? >> it it seems business art to me. why are they singles out a but

it makes me as ott. i think you have a lot of company in that. let's move onto the team sbarder.smoon off who is going to cave first and how will the in game contact? female will going to flip. we are going to get the tennis now and that will enable us to watch the us able. this are hauth changes to the ept. content is king and my guess is cbc will emerge ache torious dig

al reet will prip ornats bell. et is good toing the leverage. when slok football starts the pem in texas want to wark the games that sbc has growing levers. all right julia. i'm going to go to you for this one first google is building a self driving war. what do you make of that and what it fly in la? maybe it would be safer than

having a cab driverer going. >> he's got a point. >> i'm not sure i want google building the car. >> i will test drive. >> thank you julia. >> biggest movers of the day coming up after a quick break on power. ♪

[ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ]

[ telephone ringing ] peace of mind is important when so we provide it services youom bucan rely on.t a room. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next.

in this case it was well telegraped. i'm amazed that it was been so

much in the m and a market. no exception right here. david it has been fun. thank you for joining me. street signs begins right now. >> is housing hot or not? >> yet another milestone for the company and wait until you hear it?