end of the day, the record is not strong. weave determined that. charles: we have to leave it there. julie come i know you are chomping aksksksksksksksksks. money with melissa francis is next. >> liz: have a great night. melissa: i'm melissa francis and here's what's money tonight. a pharmaceutical giant is accused of being a criminal godfather in china. sexual bribery? secret payoffs, money laundering? you name it. is this just the price of doing business overseas. plus the death of passwords is finally upon us. your voice could be the only thing you will ever need again. we'll speak to one of the men behind a technological breakthrough. forget who made money at that. do you know how much money elon musk lost today? it could buy enough teslas for an entire town. we have the mind blowing numbers. sorry. even when they say it's not it is always about money.

melissa: it's a big day for yahoo! and its ceo marisa mayer. the company's second-quarter earnings coming in a short time ago, better than expected. missing just a little bit on the revenue though. yahoo! is announcing it is lowering its third quarter outlook. all that aside, today mark as major milestone for mayer. it is her one-year anniversary at yahoo! you know what that means? it is time for a "money"eport card. what is more fun than going back and picking through everything she has ever done in the past 12 months and seeing if she made the grade? we have the deputy bureau chief of "the wall street journal." todd hazelton ton is the executive director of tech blog. you recognize jonathan hoenig. he is a portfolio manager at capitalist pig.com and a fox news contributor. jonathan, you have the disadvantage because you're not here with us so i will go to you first. what grade do you give her? >> i give her a strong b-plus.

i'm a very difficult grader. she is essentially saved yahoo!, melissa. this is a company that was left for dead as recently as 2011. it had six ceos in six years including one of the company's founders. none of them were able to innovate. none were able to do what marisa mayer done. melissa: why not an a then, jonathan? >> well, i'm a tough grader. i think there is a little room for improvement. i don't think she executed much as she planted and laid the groundwork. it is up 75% in one year. that type of performance no shareholder should complain about. melissa: the stock sup 75%, yes, but revenue is is up only two%. what grade will you give her? >> i was going to giver an a-minus with asterisk for incomplete. melissa: i don't remember seeing those on my report card. >> she is only a freshman, okay? melissa: yes. >> she had a good freshman year. college gets harder as you get into it at least sophomore and junior year.

stock is is up as jonathan said. morale improved no doubt. people were thinking about maybe yahoo! i could go back to, it is not so bad. fundamentals yet to be proven. revenue was down 1% over all even though profits up on cost cutting. display ad and search business has a lot of room for improvement. melissa: todd,f you look at metrics i'm not sure what grade she deserves. she deserves an a for spending money without question. a lot of us are good at that she bought a lost companies. spent a billion dollars for tumblr and 100 million users for 100 blogs whatever that is worth. what grade do you give her? >> i give her a b-plus. there are two reasons. we wanted to see the stock take a hike and it was on a hike. we were up from $14 when she took over. this is my problem. how will she make money moving forward. jonathan, you said they're innovative.

not so great though. look at google is a huge innovative company, self-driving cars. what is yahoo! doing. i go to the homepage and see my horror scope. melissa: you don't like the horror scope? >> i wan something out of this. what is this, 1998? melissa: thiis money-making thing that is missing. that is what we're missing. the reason why you're in business is to make money. the show is called "money." addition play revenue down 12%. she does, okay? >> she has the vision. she has what all these other ceos have not had, the strategic vision. yes, design is a big part of it. yes acquisitions are a big part of it. think back for example, to the acquisition of pay pal by ebay. there was an acquisition that changed a whole company's profit metric. so acquisitions like tumblr, for example, those likely under mayer will pay major dividends. melissa: how do you see ttat driving revenue? we talked about 100 million users. 100 million blogs. so revenue.

okay. >> tumblr has a lot of potential but like yahoo! where's the payoff? melissa: yeah. >> tumblr was struggling mightily when yahoo! came in and saved them from a lost potential problems. they were not able to make that shift from a lot of users, a lot of eyeballs to monetizaton and that challenge still exists. it is not get easier. now they're in a berg company. they will not have a lot of focus on it. and -- melissa: thank you for agreeing and saving me from snorting on live television. >> that is true. look at facebook model. i was here once talking with facebook would do on mobile side to boost revenues. as a matter of fact, that is what they're doing now. go on the homepage, every five posters an advertisement going through your feed. that is on mobile. that is exactly yahoo!, pay attention to mobile. >> great. they have got more to do. this is company two years ago literallleft for dead. mayer not only chang the business model but changed the culture as well. in my estimation not unlike steve jobs coming back to apple

in 1997, this is kind of ceo to lead yahoo! into a much brighter future. melissa: it could. a lot of analysts make the point that the value and market cap is based on acquisition other people did. ali baba and yahoo! japan. that is really generating a lot of revenue right now. those are not things she's done but kind of getting credit for it. is that fair. >> absolutely fair. they missed a major tech logical revolutions. they missed mobile. they're playing catch-up big-time. you know what? it is not very innovative. they have done improvements to flick ir. melissa: what is her homework for you? >> her homework? melissa: what does she need to do right now. >> fix the core. the core is display advertising. they will not out-google google. they need to focus on display and get that kicking butt. melissa: todd, what is your homework for her. >> go after mobile ad revenues and boost your products. they have a great ios weather application.

see that spread across -- melissa: weather? >> as from the five apps or whatever. melissa: jonathan, what do you think is the homework to get her grade higher. you gave her a b-plus which is pretty nice. i would personally never settle for a b-plus. whatever. what should she do to get the a? >> you never got lower than a-plus. melissa: i don't know about that. >> up to her level, my homework would be to increase traffic even more. the markets rediscovering a lot of essential advertising plays. we've seen strength in local tv marks. adverting is a hot place to be. if she keeps increasing clicks, increasing visits you will see yahoo!'s stock price continue to increase as well. melissa: gentlemen, you're fabulous. thanks for coming on. always appreciate it. shelling out bribes like there is no tomorrow. a pharmaceutical giant is accused of being a criminal godfather in china, wow! is this st of doing business in one of the world's most lucrative

markets? it is one hello of a party for tesla this year. goldman sachs may have just crashed it. wait until you hear how much money elon musk lost today. he can afford it. more "money" coming up. ♪ every day we're working to be an even better company - and to keep our commments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger.

♪ melissa: what is the cost of doing business in china if you're pharmaceutical giant, glaxosmithkline, you might say a half billion dollars in bribes and sexual favors by the way. chinese police say that has been going on for the past six years for the company and four senior executives are now being detained but china is the fastest growing pharmaceutical market in the world. is this a cost of doing business there? here to answer that, china expert gordon chang and former federal prosecutor, frred tecce. welcome back to the show. fred, let me start with you. half a billion dollars in bribes in 2007 including sexual bribes. >> i didn't get a penny of it. i didn't get any of those either. melissa: there you go. seems like they have a pretty good case against glaxo. what do you think on first

glance? >> i think on first glance they have a very good case and apparently there is a tipster that glaxo was paying cash to doctors for state-run hospitals to get themo use botox. who knew there was a big demand for plastic surgery but i guess there is. these allegations sound pretty serious and i would be surprised if they don't stick. melissa: gordon, if found guilty, they pay 5 to $10 million in penalties. they did billion 1/2 in sales. it seems like a very small price to pay. >> that's a small price to pay but the other thing though, china expects domestic pharmaceutical companies to take over the markets from foreigners. so essentially foreign companies are going to lose their technology and of course they're pogue to lose their market in china. that really is the price to pay to do business. this is not just pharmaceutical companies. we see this across a broad array of sectors whereoreign companies come in, they get market share but they end up giving up their technology and then being thrown out. melissa: so, gordon, are you saying they were targeted

specifically because they're an american company and that is what this is all about? >> all the pharmaceutical companies in china have real problems. as we know eli lilly and pfizer just admitted to problems. settled federal charges for bribery in china. all these pharmaceutical companies have been involved in really dodgy practices but only the foreign companies are the ones that are being targeted. we have to ask why. this is in connection also with chinese regulators going after foreign companies for price, price up fractions and th have not been targeting the domestic ones which are also involved in these same activities. >> maybe that is just the incremental price of going to do business inhina? fred, gordon made the point, he is right. eli lilly paid almost $30 million to settle a case. pfizer last year, 60 million. maybe you factor that in to what it costs to do business there? seems like that is how it goes. seems like we hear the stories all the time. >> it could be.to what gordon ss

sound like these invesgations are a pretext to throwing people out but that is completely different issue. melissa, if you're four guys languishing in a chinese jail, as far as you're concerned whatever the cost is it is way too much. we haven't started to talk about the fact that the justice department would be in a position to bring violations of what is called the federal, foreign corrupt practices act. those are serious penalties and serious problems that glaxosmithkline would be open to if, if that investigation goes forward and bears fruit. melissa: gordon, do you believe though, that all companies, all the pharmaceutical companies in china right now are doing similar things? we see these three big companies settling cases are the domestic companies also having to provide bribes and is that just how you get business done? >> yeah, that's the way business is done. you have these poorly-paid doctors in government hospitals in china. you know, they own many, many properties across the country. every weekend they can travel across china at the expense of

these chinese pharmaceutical companies. you know, this is just endemic. china is one of the most corrupt countries on earth and pharma is one of the most corrupt sectors in china. this is just terrible and that's why this is endemic. not just glaxo. not just eli lilly, not just pfizer. melissa: but, fred, how should that factor the way the sec follows up? to a certain extent i have sympathy for companies trying to operate in foreign countries where bribes are the norm. if they don't provide bribes, they can't get the business r operate there. for the sc to go after them in other countries, i don't know, should that factor in somehow that they can't do business without bribes? >> interesting, melissa, in the foreign corrupt practices at there is carveout for what they call greasing. if you're paying money to public officials to do the job they're supposed to do, that is not a violation and the sec won't even look at that but what we're talking about here quite frankly is repugnant.

we're talking about patients who go to doctors and when a patient goes to the doctor, i don't care if they're in t u.s. or china or anywhere, on neptune they have the right to make sure their doctor is prescribing a medication for tm because they believe it is the best, most iaea tentative medication for the tient not that they will sale on some yacht in tahiti. that is not appropriate. melissa: maybe they shouldn't get medication in china because seems like everyone is doing it. guys, thanks for coming on. >> thanks for having me. melissa: that sound you hear is tesla's stock crashing back to earth today. goldman sachs says it is not buying the hype and may fight tessa's epic run. stay tunedded for the details. plus, baseball's all-star game is hours away but a giant piano could hang over the field. we'll show it to you. do you ha ever have too much money? ♪

♪ melissa: whether it is on wall street tore main street here is "who made money today." anyone in rent sole it. this is big china base producer of solar products. it said second quarter sales and shipments will come in well above estimates that news sent the stock soaring 19%. meanwhile spending more money today, drivers. oil's big rally making its way to the pump. gas prices hit an average of 3.64 a gallon. ouch. that is 15 cents higher than a week ago. that's terrible! who lost a mountain of money today? tesla ceo, elon musk. is still loaded. he is goldman sachs is not drinking the tesla kool-aid.

says the stock is overvalued. price target for tesla stock at 84 buck as share. the report pummeled tesla's stock, knocking it down by 14%, a little more than that elon musk owns 27.2 misdemeanor shares. that means he lost $494 million today. plenty ever time to make the money back this week. don't worry, elon? in the wake of terrible reports is tesla skidding off the tracks? goldman sachs is saying yes. this is big news, considering whether tesla's stock had nearly quadrupled this year. goldman analyst rerts sent the stock falling more than 14%. saying it had worked 84, middle of the range, dollars per sre. that is lot less than 126 bucks it opened at today? who is right? with me is bill alpert from "barron's." you wrote a while ago that the stock was worth 50 bucks? do you

feel vindicated now? do you think it is overpriced? do you feel people jumping on the bandwagon or exactly right? >> the guys at goldman aren't idiots, i guess it is some kind of individualcation that they think even on the low side that, you know, the stock could go to 58 is what they said today? >> what does everybody have wrong? what are the real knocks that people aren't valuing correctly? >> people aren't counting noses in terms of how many cars tesla can realistically sell. even, when we were writing about it at $100 a share. melissa: yeah. >> the bls were put betting that they could sell hundreds of thousands of cars a year? >> the bullish case they would need to sell 200,000 vehicles. they would need 3.5% in the global share of luxury auto market and 15% operating margin. >> yeah.

melissa: in order for the current scenario to be priced in to be accurate. that's a tall order. >> another way to think about it, their stock before today was valued at more than a third of general motors. general motors sold about a thousand more types in cars last year. melissa: if we're not talking about a luxury car but looking at alternative space. we have alternative cars if you guys want to throw them up it competes against. the volt, the prius, the popular leaf. it is way more expensive. it's a lot cooler though. i don't know if we have the pictures. >> it's a wonderful car. i love driving it. it is great fun. melissa: there we go. >> it is typical, highers seem to be a wealthy guy, recently divorced who has -- melissa: saying midlife crisis but trying not to say it. >> who has two or three other cars he can rival for

legislation. melissa: to pick up chicks. >> yeah. melissa: he can't count on it to get to work or earn money he need in order to maintain the lifestyle? he uses it when he wants to go out to pick up girl and make a estimate. >> it's a great statement. i'm a big fan of battery powered zero emission cars. i'm a big bike rider. mass transit rider. melissa: you interviewed elon musk. you tried to for that kind of stuff? he didn't like what you had to say. >> two questions into the interview he started closing the door and shout a couple of more questions before he closed on my fingers. melissa: he is lot of the reason why the stock is through the roof though. >> yeah. melissa: it's a concept car. he is kind of guy, with rockets and, people believe it? >> don't bet against him. melissa: maybe the stock is still a good buy. that is who is driving it and who cares about the fundamentals. >> i guess. you still have to come back to, okay, what price do i want to pay for it? do i want to pay $109 today or, you know, 100 or 130?

melissa: all right. bill, good stuff. thanks for coming on. come back soon. >> okay. melissa: nt on "money," a soaring number about doctors are selling private practices to hospitals. it is not just because of obamacare. one doctor cashing out while he can is to explain. most of us have passwords. not the password, one, two three, use it for everything i swear. that is not true. your own voice is the answer. stay here for a technological breakthrough. "piles of money" coming up. "piles of money" coming up. ♪ this man is about to be the millionth customer. "piles of money" coming up. ♪ would you mind if i go ahead of you? instead we had someone go ahead of him and win fiy thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore,

you need an ally. ally bank. your money needs an ally.

melissa: no matter what time it is, money is always on the move. the second-quarter earnings are a strong increase in merchandise shipment. not exactly what we were planning him. obamacare is just the tip of the iceberg. there a lot more reasons. why your doctor mht be doing this, you need to know about this. joining me now is doctor patrick cobb. what are the factors that made you sell that practice? i understand you and your fellow doctors have taken a pay cut and done everything you could to

help. >> that's right, we treat cancer patients. medicare paid over for chemotherapy drugs up until a couple of years ago. the reason why they did this is because they didn't pay for other services like the pharmacist that makes the drugs in the pharmacy acquisition costs, storage and getting rid of chemotherapy waste and things like that. for a wild that was the deal that they made. congress decided that this wasn't sustainable. in 2003 date passed the medicare modernization act. they did a great job of

decreasing payments for the drugs, but they never put in the code for services to offset the drugs. melissa: why can't you make up the revenue elsewhere. it's not like your patients have a choe. if youherapy, unique hemotherapy. >> for medicare they set the prices. there is no negotiations for that. it is whatever medicare says we can charge, that is what we can charge. melissa: so if you can't perform the services, you would have no doctor to send that to? >> correct. so they sent him to the hospital where the costs are significantly higher. melissa: why is it that so many doctors are selling their practices and the that business model under obamacare and all

the others, why does that model work instead? >> well, i think that the problem is that we are looking at the economics and seeing that we are having difficulty because of chemotherapy reimbursement decreases it is where the hospital takes economic risk better than the provider. melissa: that's an interesting perspective. we hope you will come back. >> thank you so much. melissa: so what does this mean? pick up part of that story with doctor marc siegel. you agree with everything?

that what you are seeing out there? i hear this again and again. >> i want to start with a particular comment he made. docrs are not really in the free market and that is really striking and i think we have to emphasize that. how much are your office expenses there, and what will that cost me to give you this antibiotic? melissa: that is a very important question. >> i don't have a lot of time to ask you that question, but i could probably charge whatever i wanted it because you have to do better. that is so far from the reality of the situation. so many regulations and so much of it is big insurance and big

government. melissa: but obamacare was supposed to fix all that. that problem has been around for a long time. so how have things changed under obamacare? is it better or worse? >> insurance companies are paying u.s., the reason you are doing this segment today and there is a big exodus of doctors from private practice. >> why does the hospital want to buy that up. >> well, because they, in business, they have a better way to preserve the bottom line. because they bring in a business manager and they say, here how many patients do you have to see in this particular period of time. here are the services you can provide your.

melissa: why is that not a more efficient system? media cost less -- is not a better system? >> first of all, it ismore efficient. you're talking about my hospital at nyu, i'm not sure in that case. there is one hospital that i think is doing a very interesting job here. the thing as it doe reduce your choices. obama is saying that you keep your doctor and you get to keep your insurance -- it's just not true. in the hospital setting, i am working more shifts -- it is a shift mentality. so you come in with a sore throat, my ship is overcome another doctor may be on-call. i've seen that already wh you're working for a hospital, you're more of a salaried employee, i worked really hard today and it's time to go home and. melissa: i grew up in california. iser permanente was one building, you got your services, you left and he didn't have a relationship with a particular doctor.

it was more of a factory. is that where we are going? >> customizi the hmo plans of the 1990s have pretty much failed, but we are tlking about hmo medicine and obama for the new ribbon on it. it is a long-term relationship with your physician will suffer. the time that i learned the most about patience is what it was an extended business and the thought of something. the. melissa: people who want that relationship with their dotor. we are hours away from everyone's favorite annual summer tradition, the mlb all-star game. tickets have hit record prices. the players are warming up for the big game.

>> it was a super hot day yesterday. they expect a full house of course for the 84th midsummer classic, the all-star game here at citi field. the american league will be out there just a few minutes. to take some swings and warm up. they will square off at 8:00 o'clock tonight. it is not just an exhibition game, of course, they get home-field advantage in the world series and the national league has won the all-star game. >> i think that if you win this game, you do get back, you live by the old saying, that there is no place like home. that pretty much gets said many

times. this is a tremendous game, we are going to do our best and try to have a great time. melissa: i have to ask you about the controversy and some of the biggest games that could be suspended any day now. is that expecting mood of anyone talking about that? >> absolutely. at the coach's news conference yesterday was a question asked and ansered. >> one of the guys who is not suspected of ped abuse is chris davis and i asked him what it was like for him to be compared to mark mcgwire and arry bonds who are suspected or known to

use and abuse of steroids. here's what he said. >> i want people to feel like they can get behind me. some people thought they couldn't get back into baseball like that i wanted them to know that iill do it the right way now. >> when you're doing so well, you get associated with peoplple who are cheating. >> that is part of it. what do you want to go out there and suck? >> he showed a lot of patience and poise, but a lot of these guys don't like talking about steroids and a lot of them won't answer questions about it. melissa: go watch that on your local station. coming u on our show, it's a dream come true. this could be the only password you'll ever need. a new breakthrough makes it possible. that will create more security

problems than it solves? at the endf the day it is all about trying to remember your password

melissa: a breakthrough that could maybe change your life forever. what if you never have to remember all the pver. what if you never have to remember all the passwords that you need every day for everything you do? a new patented technology that identifies users by their voice. robert lederman is the executive vice president of nuance enterprise division. i was very surprised by this story. i have some passwords that i can't remember that are better than others. this seems like a tremendous breakthrough. how did you come up with this idea? >> we have been working on his for a few years. converting speech into text, we

have been working on identifying yoby your voice. it is unique to you. it's just like your fingerprint. if you can apply that in a way that is moresecure and convenient and actually save money and how people process passwords, people will use it. and it has been. melissa: what about voicing the dubbing on movies and someone curses and they don't say on regular television and they don't get the big stars back into the program. women that were? >> actually win. it turns out that to the human era will sound very familiar so

we actually have technology that is a way of making sure that people can't beat the system's view on other people ask about what if i have a cold and what if i lose my voice? >> it's he same as what you might think. if you think about finding your signature, if you break your arm and you can actually sign your signature, it won't work. if you do get cold, you lose your voice and can't speak, obviously there are limitations to that. what are customers there is they actually do what is called implementing voice biometrics along with your password. you always be able to get through to your system. it'just that if you add this, it's a lot more.

melissa: give me some of the metrics. >> i can't tell you specifics. i can't say we've been working on it. >> alternately, is a whole lot safer than a regular password that you would memorize? >> is surprising how many people's passwords let me in.

there have been surveys. surveys that show people use passwords that are easy and you can see that they are using this password. so this is unique. from that perspective it is far better. from a fingerprint perspective, there is workbeing done and that requires special expensive hardware. your voices with you wherever you are, we all have mobile phones. we all can speak into a microphone. so what is the right blend of security and convenience. melissa: i can't wait to use it. have a million passwords and i can't remember any of them. thank you for coming on. >> thank you for having me. melissa: would you trust technology where your voice is the only password? >> did our interview change your mind? send me a tweet. we want to hear from more of

you. you can like us on facebook or you can follow me on twitter which i highly recommend. up next, vladimir putin. now he is apparently auditioning to ride in a mini summa. because he is vladimir putin. that is why. we will ha next

melissa: we have two guests that are my favorites. candidate michele bchmann, this man is arrested for robbery. is unclear what he allegedly stole, but the charge means that it is less than a thousand dollars. this is very interesting. >> apparently the capitol hill police put a camera inside the office which michele bachmann allowed.

>> i have two words for you, clinton's silverware. [lauger] >> may be left with a sore whern he returned it eventually. melissa: was there nothing else to take? >> we are talking more than tells here, we are talking about this. >> this guy has a 200 and 80 days in jail. is it worth the? i don't think so. melissa: now on to kanye's hot

seller. it is a plain white t-shirt, it is $120. he designed it for the french label apc, which he has collaborated. all of his designs go out immediately. it is a white t-shirt. >> good for him. there is a sucker born every minute and this is another example. >> i bet that you hve worn jeans that are preorn. [laughter] >> but that his style as opposed to a white t-shirt. >> it is still a racket. >> i checked on the website for apc, i do enjoy shopping with them every now and then. the average teacher cost is

between 90 and $120. >> we should get $120 for a t-shirt if the price for holy jeans is also expensive. [laughter] melissa: here is vladimir putin in his mini submarine.

>> i is important for russian national security? >> anyone who tries that hard -- i mean, come on, are they trying to prove how macho man they are? melissa: i think so. and speaking of foreign presidents, the president of panama. the ship was coming from cuba.

>> take a gander. >> you heard it here first. the one that is all the money we have for you. we will see you back here tomorrow. ♪ >> in the '50s,@ there was a new sound. >> @♪ wake up, little susie @ ♪ wake up @ >> it had rhythms and lyrics that spoke to us. >> @♪ maybellene ♪ why can't you be true @ >> and all across america, radio stations gave us the latest hits. >> @♪ well, you can rock it,@ you can roll it ♪ ♪ do the stop and even roll it at the hop @♪ >> there was chuck berry,@ jerry lee lewis, buddy holly,@ and of course, the king. >> @♪ well, since my baby left me ♪ ♪ well, i found a new place to dwell ♪ ♪ well, it's down at the end of lonely street