january son hole, federal bank reserve might be. fed officials and economists come together. we're there rand discussing the global economy and official policy. ashley: ben bernanke, not there. melissa francis is next. melissa: wow a major market mess today. what if this was your company's very first week trading at nasdaq? that is exactly where we start the show right now. we have exclusive ceo of a company who just switched over from the nasdaq from the new york stock exchange last wednesday! can you imagine that? bob jones, ceo and president of old national bancorp. he is on the phone now with his reaction to all of and all of it being halted. bob, let me ask you, do you regret that decision, switching over? >> oh, not in the least. i think that you know the stock will trade tomorrow, traded yesterday and this is unfortunate glitch. as i said unfortunate, but

yet the sun will come up tomorrow. melissa: what did they offer to switch you over? >> it is really about the suite of services the nasdaq offers as well as support toward investor relations and we felt as we made that comparison, a company like ours is better off served on the nasdaq. melissa: i talked to a lot of other folks that went on the nasdaq because fees were lower. did that play any part in it? >> it is a slight difference, melissa. it is not significant. what we saw the is suite of services and support they gave our investors really helped us in the long run. melissa: you don't have any reservation now? have you talked to them about what happened today? >> reservations, sure, you never like to see problems but they have been very responsive to our questions. they made sure we knew what was going on. that is all --. melissa: really? they have gone radio silence on everybody else. what did they tell you?. >> matter of an e-mail with technology issues and they're working diligently

apas they can to get them fixed. that is all you can hope for in a crisis. melissa: do you have feel you have any damages as a result of what happened today. >> not the least bit. the stock will trade tomorrow and our customers will be happy as they were today. melissa: spencer jacob, from "the wall street journal." what do you think about that? he switched over last week and today? >> a bit of bad luck. if he was doing an ipo today, that would be much more serious. melissa: right. >> compare this, this affected every single stock on the exchange. kind of incredible trading completely halted for three hours. melissa: yes. >> compare it to facebook. you keep hearing phrases hurting confidence in the market. if you're talking about mom-and-pop's. melissa: you think it hurts confidence the market? >> it hurts confidence of financial players. products are socom plex and producted are priced off one another. he is change traded funds carry basket of stocks some which trade on nyse, some which trade on nasdaq and

elsewhere, had this continued end of the day they would be at a loss how to price it. so markets are so complex and so many futures and swaps and options that, this, this did definitely, you know, create a bit of a make for people. on the other hand, mom-and-pop, i think it is like a tree falling in the woods for them. i think the facebook debacle was much more serious for them because you had a lot of individual people who read about it, buying and selling. i think massive turnover in that stock that day, people who got shares in the ipo, bought in minutes after it, all of sudden were panicking couldn't sell the stock. melissa: right. >> that was more serious issue because in the midst of this event. melissa: bob, there are some folks out there who are blaming a gore rid mick trading . what do you think about that? >> i think spencer made appropriate, i think complexity of the markets, we become more dependent on technology these things are going to happen.

melissa: that doesn't give you any pause? >> not the least bit. fact of the matter the new york stock exchange is trading a lot of electronically today as well. if it is a consistent issue then you have the matter of a pause but the fact of the matter is these things will happen. melissa: you're a banker. so you're supposed to be calm. i'm glad about that. spencer, when i look around at people might be frustrated about this, gamestop, they had great earnings out, trading great guns. if i was sitting there watching my took soar and all of sudden everything came grinding to a halt i would be pretty mad. >> it was interesting day. flat line is term you associate with someone going into cardiac arrest. it was a flat line for three hours on the nasdaq today. company like gamestop traded up in the morning. then you had this platformance. then market was opened for a short period towards the end of the trading session and it continued rise. almost every single stock rose except for nasdaq. nasdaq omx, that was down pretty sharply because it hurts their reputation and business and the ability to

win business from customers. melissa: what is scuttlebutt you're hearing what happened? we're all working our sources. i was talking to folks at the nasdaq. they were more responsive earlier on and then they went radio silent. a lot of people chasing the story are saying the same thing. how does that make you feel? was that your experience too? >> it was my experience. it was our experience at "the wall street journal". melissa: right. >> so it was very difficult to find out exactly what happened and what was frustrating is that, you would have someone anonymously say well we expect it to be back in 15 minutes. we expect in 45 minutes. kept having the false alarms and it dragged on and on and on. it didn't make them look very good. on the other hand i did go back and look at other trading glitches. it is incredible. even if you bo back to the 1970 when trading was not computerized. many on the nyse, they listed every single trading disruption in history however many minutes, it happened at least five times in the 1970 you had

computerized glitches. it is not unheard of. what is different like i said before, what is difference this time, everything is so complex, so many other financial products depend on the quotes being updated. >> bob, how many e-mails did you receive? did they give you any updates along the way when your stock would be back up trading again? >> no, there was definitive date or time when we were would up. we received two e ills ma. the original when it happened and update that said they were working through the issues. melissa: did you try to call and get information. >> no, i figured there were people like awe and others trying to call them. we were comfortable once things were up and running we would be fine. melissa: i'm glad that you're a banker and you're level and calm and that's what we expect from you. thanks for coming on, bob and spencer you as well. >> thanks so much. melissa: next on "money", the final fix for our economy, legendary economist, you guys have been guessing all day, john taylor, knows how to do it. he is joining us with the three principles to make all

the difference finally. he has a solution!. from bad to worse in the middle east, egypt's hosni mubarak is released from prison and an outcry goes forth against the assad regime in syria goes global. we have new developments on both. don't go anywhere. more mony coming up. ♪ ask me what it's like to get your best night's sleep every night. [announcer] why not talk to someone who's sleeping on the most highly recommended d in america?

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♪ . melissa: you know we are all about solutions here on "money". i want nothing more than to fix the economy, right? so we've got the guy who actually knows how to do it. lest you forgotten here's the problem. the new report says the average household is earning even less, even less than when the recession ended. more than half the states in the country are seeing unemployment numbers going up and gdp is growing at just 1.7%. here is how to recover the recovery. john taylor, former treasury department official and professor at stanford, wrote the book, first principles,fy keys to restoring american prosperity. he is here in a fox business exclusive. so great to have you on the show. i don't want to waste a

minute. let's get to it. number one rule, establish a specific policy framework for trying to rebuild the economy. why is that important? >> because right now there is so much uncertainty what poll is going to be. fiscal policy, policy on the budget. quantity quantity is un -- quantitative easing is unpredictable. if we got back to strategy for monetary and fiscal policy would remove a lot of uncertainty and would give businesses a some sense what would happen if they make decisions to hire. melissa: that makes sense but what things don't work out people want to throw out the rules because they say it is not working and want to do something out. >> the first time to throw the rules out. you have to stick to your strategy. that is what we learned in the past. there is a lot of american history here. in the '80s and '90s things worked pretty well. because we stuck to a strategy, started in the early 80's. got the taxes down. didn't do stimulus packages. gets down on the regulations

that strategy worked even though times were tough in the early '80s. we had higher unemployment than we have now. melissa: hard to stick to your guns that that situation. second rule, rule of law over arbitrary actions of the government. can you give us an example? >> sure. right now recently the new health care law it was extended mandate about firms having to provide it. of course that is a change in the rule of law. now we don't know exactly what the rule is going to be. then there's a special examples where you say bail out a firm because you think it needs help. you hurt the economy and don't bail out others that is violating the bankruptcy code. it is becoming more and more prevalent unfortunately we're not sticking to rule of law. that is one of the things so subtle and so important about an economy. in the past we've done that things work much better. melissa: you say we shouldn't have done away with the law when we were getting rid of employer mandate. i did too many negatives there.

you know what i mean. employer mandate was a bad thing for the economy. >> absolutely. melissa: so it was causing employers to get rid of it right now would be a good thing? >> i think it would be good to get rid of it permanently and replace it with a better strategy. same thing with mandate for individuals but when take the law and just arbitrarily, government saying okay, we're not going to pay attention to that law there is really no sense what will happen in the future. so the right thing to do would be to go to congress and get the law changed that would have been the strategy that would have been quite welcome. that is what the congress would like to do now. congress would like to do that. melissa: i see the difference. your third one is perhaps my favorite. you suggested we insure our economy is built on a system of strong incentives rather than preset punitive limitations. give me a strong incentive. what's an example of that? >> that incentive where you be able to buy, say, health insurance in different states rather than just your own state. it gives insurance companies the incentive to get costs

down and to compete. another incentive would be you have to pay some co-pay on your insurance so you have your own incentive to shop around and keep costs down. i guess the biggest of course is taxes. if taxes get very high that a disincentive and lower tax rates are incentive to employ and to work as well. melissa: why is that not a punitive limitation? you say those are bad. i was thinking of examples. taxes are a example of punitive limitation. >> high taxes are punitive. most example that most common is a mandate that you must do this, you must buy health insurance, that's the punitive limitations. the incentives where you get people to right incentive to do things conducive to better economy. like if firms, the incentive to hire. get tax rates to a less oppressive level. not raise tax rates. tax reform, should get the marginal tax rates down for businesses. those are the good incentives and you get away from the, if you're like the

mandates that force people to do things. then you end up in a worse situation. melissa: your last two principles, are great. trust in the power of the markets and limit the role of the government. it is very hard to remember to do that when you come through a financial crisis where it seems like it is, you know the unbridled power the market that got us into all the troubles. how do you convince people post-financial crisis to trust in the power of the market? >> first of all you remind them one of the reasons we got into the mess ignoring the powers of market for government intervention in the financial markets, monetary policy. second thing you say, when you intervene in the markets in a crisis you have to view it as temporary. do as little as you can. make sure you have a strategy to get back. you don't want to keep it forever. even that problem is clear with monetary policy. we have very unusual monetary policy but no strategy to get back. the strategy to get back is so important. melissa: mr. taylor, goes

without saying, i will say it anyway, you're an economic genius. i love your book. first principles, five keys to restoring america's prosperity. i will send it to you to sign it. would you? >> i will. melissa: thanks for coming on. for everyone getting in on guessing game. i got started online on twitter. you guys were awesome, tweets and responses! everyone wros was wrong, no one guessed it. it was john taylor. what do you think of his fixes? follow me on melissaafrancis i promise i'm the person on there. it is a lot of fun. when things couldn't get worse in egypt, former president hosni mubarak was released from prison. how much fuel will this pour on egypt's fire. i am mas over the alleged chemical weapons attacks in syria. even france says we should use force. do you have ever have too much money or too much john

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melissa: turning now to the latest in the middle east which we've been watching very closely here on "money", the situation in egypt could be getting even worse. hosni mubarak, the man who ruled his country with an iron fist for 30 years is free from prison and is under what is considered house arrest in a military hospital. it is a move that could further inflame egypt's recent kay cross and violence. fox news correspondent leland vittert with the latest from jerusalem. leland, what is the reaction you've been hearing? >> reporter: kind of mixed really on the street of egypt. so far we have not seen any mass protest or real outrage as we have in the past. hosni mubarak has gone to the very same military hospital when he has been sick. he was airlifted there today, the same way he has gone

there many times from the main prison there in egypt. he was flown out, interestingly enough or ironically enough a number of prison mates in prison still there are leadership of the muslim brotherhood who has been arrested in last couple of weeks since the coup that threw out mohammed morsi from power. mubarak is under the u.s. legal equivalent out on bail awaiting retrial. this goes back to 2011. we built you kind of a timeline. february 2011, you remember the massive egyptian revolution that swept in with the arab spring. a number of protesters during that revolution were killed. in 2012, the beginning of 2012, hosni mubarak was convicted of ordering those killings, some 800 people who died during the revolution. january 2013, the retrial was ordered by the appellate court. hosni mubarak's lawyers appealed the conviction. and that appeal was upheld. so the conviction was overturned. we're in august 2013. there was a corruption

charge against hosni mubarak which was dropped. giving way for him to go into this house arrest period. essentially he is going to be back in the dock for his retrial which could begin sometime early as next week when he may make the flight either from the hospital to court or he may go back to jail. we just don't know which one it is going to be. so far there are two groups who called for protests against mubarak but they haven't really materialized. you have to put this in greater context of violence we've seen in egypt over the past couple weeks which the army has just gotten a handle on by major arrests of the muslim brotherhood leadership. so far the muslim brotherhood has had a really hard time organizing protests last couple days. their leadership has been taken out. seems like support on the street is dwindling. the army made a gamble here and so far it is paying off. melissa. melissa: leland, thank you very much for that report. we move on to syria, outrage over the alleged chemical weapons attack yesterday that reportedly killed more than a thousand people

including women and children. the pictures are horrific. if it is true it would be the deadliest chemical attack in 25 years. global leaders demanding an investigation. fox news's chief washington correspondent james rosen is at the state department with more. james, what is the latest? >> reporter: melissa, good afternoon. officials here are saying they haven't yet conclusion sievely determined that chemical weapons were indeed used in this attack but they are saying that the death toll estimates range from 1,000 to 1800. either way as you say it is perhaps the worst chemical attack seen in three decades. the obama administration is ordering the united states intelligence community to try to determine all the facts surrounding this episode to make some kind of a determination. officials here said they still believe that the syrian rebels don't possess the capability to launch chemical weapons of this kind but nonetheless they said that they are going to try and nail down the facts here within a certain set of time because for one thing,

soil samples get con tam nated especially in a war zone. here is what the state department spokesperson said about the time frame of this investigation earlier today. >> it is not just about acquiring information on specifically on the ground. we're also doing intel gathering. we're making efforts to obtain information from witnesses. we're looking at open source reporting. there are a range of ways we're looking into this. >> reporter: of course it was about a year ago that president obama defined as a red line the use or movement of chemical weapons inside of syria as part of this conflict. he said that if the united states determined there was usage or movement of chemical weapons in syria during this conflict it would be a game-changer in washington which so far maintained mostly hands off policy to the war and conflict. some say the president's very credibility and the credibility of the united states is on the line if he doesn't more strenuously

enforce this red line. >> it is on the line itself and if we do not act in a very, very clear and decisive way, we're going to be losing allies and losing influence very, very rapidly throughout the region and that's a recipe for tanker and disaster. >> reporter: as of right now now there is no conclusive determination that chemical weapons were used however there is a united nations chemical expert eggs investigation team on the ground in syria. they arrived there just five months after they were sent because they just got permission from the syrian government to investigate past incidents of alleged chemical weapons usage. the question is whether they will gain access to this latest site. melissa. melissa: james, thank you very much for your report. next on "money", he may be the mayor but sky-high property taxes are pricing son any mccullough out of

his own home and maybe out of his own town. you have to hear this because he is the mayor. you have to hear all the details. plus the flash freeze on the nasdaq people were still making money today and she is taking home $47 million worth. who is it? we'll have the answer coming up. "piles of money" straight ahead. ♪ my mantra?

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medical conditions and meditions. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarg or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irritation wherepplied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. ask your doctor abt e only underarmlow t treatment, axiron. melissa: no matter what time it is, money is always on the move. youth apparel industry takes another punch. aeropostale shares getting hit after-hours. it reported weak second-quarter earnings a short time ago. sales fell more than 6:00 percent. it is giving a dour outlook for the current quarter. clothing companies not just getting it done today. look at the stock getting hit. you think you heard of horror stories about the housing market, right?

one jersey shore mayor is being priced out of the home he lived in for nearly 30 years. the mayor of egg harbour township can no longer afford property taxes on his house. he says he has no choice but to sell his home. mayor james sonny mccullough on the phone in a fox business exclusive. he joins me now. they were up over 20,000. now they are over 30,000. that is increase of more than 50%. what did they tell you? how did it happen? >> how it happened the municipality did a reval for the entire township. melissa: why? >> because when your municipalities assets drop below 55%, then the state and county make you do a reval to bring it up to 100% of asset value for your entire town. so they mad me assessed, i bought the land for 100,000. i built the house for

260,000. past few years they have had me assessed at half a million. then when they did the reval, they took it to over a million one, which, brought my taxes from just under 20,000, to over $31,000. melissa: it sound like it's a pretty high rent problem though. you have a house that is worth more than a million dollars. that's a good thing to have, 1.1 million. couldn't you get a mortgage or a loan against the value of your house and take out some equity in order to pay the taxes? >> well, quite frankly, it's a beautiful home and i thought i would live and die in it. i built it. i designed it. and, it's right on the water. if you're familiar with the south jersey, it is looks right out the great egg inlet between ocean city and summers point. i own 150 feet out into the bay. i have a 70-foot dock. but the fact of the matter is, my wife has arthritis.

so we bought a small condo down in florida. she spends most of the year down there. so my four sons moved away. my eight grandkids have gone and, i'm by myself there is as part of year. it doesn't make a lot of sense for me to pay nearly $32,000 a year before i even heat the house. melissa: that makes sense. you're saying this is sort of the last straw? that it's a beautiful house but with taxes going up like this why bother. you're not saying, all the news reports have been you will sell the house and get out of town, even though you're the mayor. that is not quite true? you will still live there. >> i'm looking in possibility of buying a small condo in the west atlantic city of egg harbour township. melissa: what is the resale market for homes? do you think you will get million one for it? a lot of people are thinking same thing you are and i will downsize because of

taxes and people are thinking the same thing and it will be hard to sell the house? >> if there is people who want a vacation home or natural home at the seashore it is really, it is valued right. it probably will go, i haven't listed it yet, but according to the realtors, they say they will probably list it at 1.6, somewhere in that neighborhood. i'm not saying i will get that for it but that's basically what it is. but what's happened in the past year, things along the seashore slowed down because everyone is the so the of gun shy about superstorm sandy although our portion of new jersey didn't get hit as hard as north jersey got hit. we were very, very fortunate. in fact on my dock, my 70-foot dock, only one plank came up. melissa: that's good. you're the mayor and it is jersey after all. don't you have some juice when they're coming to assess your house? >> no. melissa: seems like there is something you can do about this, come on, no? >> let me just say this.

property tax is the unfairest tax of all taxes because it is not based on your ability to, have an income coming in. so a lot of seep yors are now getting taxed out of their homes because of the high property taxes -- seniors. the other unfair position of the property tax is that is how they fund education. education is the highest cost in any municipal or most municipal taxes. for instance, of the 31,000 plus i will be paying in taxes, nearly 22,000 of that is just for education only. melissa: hmmm. >> the other thing is the way the state of new jersey looks at funding education, the town next door to my town, which is the largest knew municipal in the cape atlantic area, the town next door is funded by the state 98% of the entire --. melissa: that is outrageous,

mayor. we hate all taxes on the show. thanks for coming on and explaining that. good luck to you. maybe i will come look at it. >> tell you what, if i sell it comes through you i have a commission for you. melissa: love it. >> bye-bye. melissa: i like that. i'm making money now, for myself, perfect. here's one of the most ridiculous deals we've heard of in a while. cbs and time warner cable still going neck-and-neck in their battle, their money battle. seems there is some kind of a temporary truce? for an hour at least. that's right. an hour. both companies apfreeing to allow cbs on the air at 7:00 p.m. eastern so new yorkers can watch a local political debate. then it is over, back to black. same thing set to occur next week as well. our own dennis kneale i think are comical details. >> comical or incredibly irritating. these are grown-ups at --. melissa: are you sure. >> two well-performing companies. ego and testosterone seem to have gotten in the way.

what happens tonight, understand cbs went dark in 3.2 million homes in time warner cable in three big markets, new york is one of them, august 2nd. it has been dark 20 days, three full weeks. that is surprisingly long. tonight at 7:00 when the debate of new york city candidates for comptroller who include eliot spitzer, man of action, no mere tweeter he. he comes on at action for a debate@7:00, suddenly in new york only. local wcbs affiliate owned by the cbs corporation goes on air to get the spitzer debate. they were at 8:00, debate is over. boom, cbs goes dark again. the two sides i'm told are talking. today, les moonves comes out with announcement, we signed a distribution deal with verizon fios, with many terms time warner cable has rejected. as they're signing a truce and cease-fire, they're firing missiles at each

other. moonves puts out a memo they sent out to the media, i can not describe to you the frustration i feel at the way these negotiations never in my most pessimistic moments did i ever think would have lasted this long and have been so difficult. i'm frankly mystified. a lot of new york customers just want to say, boo-hoo, you guys settle this silly thing. melissa: i don't know. i'm missfied as well though. i got to say i see what he is saying. i was on vacation, i came back. one of the first things i heard on radio back from the airport this stupid thing was still going on. it is shocking. it is shocking that it is still going on. >> here is why. neither one is losing and getting hurt badly enough. melissa: are you sure? there are -- cbs i agree with you, cbs is not get hurt but i think time warner is taking it. they're out there, trolling for customers. everybody is living without cable. >> otherwise time warner would have caved by now. the so hard to rip out your cable operator and put in another guy.

very difficult, by the time you do it they will settle it. so far they haven't lost enough customers to hurt that enough. melissa: i don't know. i myself have cut my cable cord because i was so irritated with time warner cable. >> you cut your cord now in response to this spat? melissa: in response to the last one. looking for new home, i said i would only buy a home where i can get directv. my broker said, are you kidding? i said no, i'm not. that was the parameters. >> another direct satellite guy and kept amc off the air. >> i'm frustrated with time warner cable and i will not buy a home where i have that choice. i have to have directv. >> two words if they don't stop this, verizon fios will get in my neighborhood in brooklyn. melissa: dennis, thank you. >> thanks. melissa: coming up on "money", is it the meyer magic? yahoo! steals google's crown as internet traffic. is marisa my-year -- meyer the god ders of the --

goddess of the tech industry. at the end of the day it is all about money. ♪ . ♪

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♪ . melissa: should we call her goddess, marisa meyer? yahoo! beating out google as the most visited website in the country last month. that is amazing. first time yahoo! claimed the top spot since may 2011. some claim it is meyers's midas touch. not everyone. is it sustainable? we have tech expert todd hazel ton from tech buffalo. lauren good from all things d. for what it means for your money, leif from american wealth management. todd, let me start with you. are you shocked? what do you think about this? >> i'm shocked.

come score reports out yahoo! is ahead. this is not 1999. we're not looking at yahoo!.com and google.com. this report left out youtube and a lot of different properties. sure, yahoo!'s homepage got more than google's homepage. look at pages. google ses empty. maybe they're getting additional traffic and fresh coat of paint on some properties too. melissa: lauren, everybody has taken every knock they possibly can at marisa mayer. the stock is way up but who cares traffic to the site is up. no matter there is always a caveat. seems like this is another point in her column, no? >> i have to say i agree with todd on this one. at the end of the day it really comes down to revenues. do i think that marisa meyer is incredible smart? she's a young ceo. she has started a lot of conversation, whether things like working from home or how quickly to go back to work after having a child. she probably boosted

employee morale at the cop and has been struggling since the late '90s as todd pointed out. i think all of those things are good thing. but at end of the day, come core numbers are one month. it is a blip on the radar. we have to see some consistency and see revenues. melissa: you guys are so tough. leif, google has 10 times the ad revenue of yahoo! which i think is their point. how do you feel about that as investor. what do you care about that? are you interested in yahoo!? >> i love the whole valuation story of yahoo!. they have a p-e ratio 7. melissa: okay. >> google has p-e ratio of 25. they're the underdog. everybody loves a underdog. this is tremendous opportunity for her to turn this around. we're seeing first steps and increase in eyeballs as we say. melissa: right. >> it is her job to monetize those eyeballs and increase the revenue. melissa: you say the value proposition, does that mean you own it? >> i don't. melissa: why not? would you buy it here? if it is a good value

proposition? >> i think it is a great buy here. i would be willing to take some risk on marisa. she is doing a great job. she is expanding her franchise. melissa: yeah. >> you got to give her a lot of credit for that. >> say you would be willing to. that sounds like, but you're still not. >> you know, my style of investing i buy etfs. melissa: yeah. >> so that is how i invest my clients --. melissa: -- involved in yahoo!. >> we certainly actually own some etfs invested in technology in some of our portfolios. melissa: okay. todd, are you at all suspicious of numbers themselves? >> i woos a little suspicious because they didn't add up. tumbler wasn't added into yahoo! and google is sitting there. what was that made out of there? visits to google.com, google news, what was it? that is part of thing we have to dig a lot deeper to see where the figures are coming from. hey, yahoo! is ahead of google. this is business. it is not a website. it is a business. we have to see where the

money is coming from. that is what really matters. >> lauren, at the same time, there hasn't been anything exciting about google for a while. they're playing footcy with a idea of getting nfl sunday ticket from directv, putting it on youtube. that is the buzz. a lot of people shooting that down not being a real story. does google have anything to get excited about? >> google has mobile. it comes down to mobile. they're hugely, hugely invested in the mobile side of things and important to note, especially with these comscore numbers, they do not fact tore in that mobile traffic. so yeah, we may have seen yahoo! edge up a little bit and beat google for this particular month. if you're incorporating mobile and considering a multiplatform approach it would be a very, very different story. i think there's a lot to get excited about with google. melissa: i want to ask all three of you real quick in a lightning round, does marisa mayer have enough substance to back up the flash? she has a ton of flash. i think of that photo in

vogue. she looks fantastic. everyone is talking abouter had. she is a lightning rod. someone who inspires a lot of spirit at yahoo! who had been so beaten down. to me this is the first hint of substance besides the stock price. does she have substance to back up the hype? todd, you go first? >> i think so far we're seeing a turn. yes, she does. i think it is a little too early for the lounge chair. melissa: lauren, what do you think? >> i think it will depend whether or not all the startups she is snapping up and providing ad network she needs and content generation she needs to get revenues up. melissa: leif, what do you think? >> definitely in favor of what she is up to. she's feminine and but she is tough. she's a leader. i'm in favor. melissa: thanks to all of you. good job. next on "money", tell me how you really feel. a new survey shows what americans really think about each other. which state is the drunkest, for example? or has the best food? a state's unemployment rate

can lead you to the answer. it is all connected. there's money behind all of it. we have it all in "spare change" because you can never have too much money. that's just a fact. ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally.

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♪ . melissa: it is time for our daily fun with "spare change". we're done by susan and guy. thanks to both of you for joining us. the so the watercooler chatter is all about a fun survey what americans think of other states. which we had to combine with factors like unemployment

and gdp to make it about money. turns out the majority of the states with the lowest unemployment numbers were voted to have, for example, the worst food, the worst scenery. apparently they're all too busy working to notice anything else. and states with high unemployment they're seen with the best sports fans and being nicest. there you go. we gave the whole thing away there. what did you guys think about this. it was pretty funny. if you look at north dakota, they have the lowest unemployment. they also have the worst food. apparently, you're at work and you -- >> working all the time. >> go out to lunch or dinner because the food is horrible so you stay at work. that is a good thing. >> that's right. take the bologna sandwich, peanut butter and jelly and stay at work. i don't think it was fair across the board. melissa: no? >> arizona was one of the states listed with worst scenery. melissa: arizona is beautiful. >> i love the desert. it doesn't add up to me. melissa: there were some haters that voted? you could only say things

about other states. the other states said you have the worst scenery. >> poor texas. i love texas. it was a great state. melissa: they were hating. >> they have the highest number of executions. [laughter] melissa: that is -- >> i think that is little tough for morale. they actually have gunfights down there. this really gets into the relevance of big data. mckenzie did a report a few years ago if they get a report and how you can increase productivity and growth within companies and governments by having big data. this is biased. it is really tough. i think you can only take this as fun information. the way to get down to the root of what everyone thinks you can only do it in states which you lived after three drinks. melissa: a lot of this made sense to me. the state with the highest unemployment, nevada, was also voted the drunkest. that makes sense. everyone's hammered all the time, so they don't make it to work. i think this is insightful and helpful. >> california has most number of vineyards.

wouldn't you assume they would be the drunkest? >> come on, wine. >> after a couple glasses. >> exactly. i think about this, the number of respondents to the survey, while they said it was statistically valid, i don't really think that it was quite. melissa: i don't know. >> i think --. melissa: i don't know how scientific any of this was. for example, they say, one that made sense to me, illinois was the worst for business. it is second highest for unemployment. there you go. that seems very logical to me. >> right. melissa: north carolina they were voted nicest. i don't know how you quantify that. >> when they say, bless their heart they're -- that's what people assume. >> i grew up in the south. >> i was born in north carolina, so i know. >> really, think about the worst state for business, california. melissa: yeah. >> businesses are flocking from the state of california. they don't want to do business in that state. and i have to say though, i'm from missouri, melissa. melissa: yes. >> poor little missouri didn't get anything. we're the "show me" state. so come to missouri and

we'll show you how great we are. melissa: apparently you're not showing very much because no one voted anything good or bad. >> i would rather have nothing than the ugliest or drunkest or craziest. melissa: thanks, guys. you were fantastic. we appreciate it. up next "who made money today". she just has been made america's highest paid tv star. ii you might want to lawyer up before meeting her. we have the answer. i couldn't believe this one. stay where you are. tweet me in the break who you think it is. you can never have too much money. ♪ clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning

every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies."

♪ melissa: whether it's on wall street or main street, your seatmate "money" today, anyone who owns can stop.

the best day in four years. an unexpectedly strong second quarter. also of the forecast for the year. for consuls are set to launch this fall, and they are supposed to get a big boost to the bottom line. the news sent stocks jumping 9%. meanwhile, anyone who owns abercrombie and fitch. you may want to rethink only catering to stay in cool kids. second quarter profit nosedived 33%. coming in just half of expectations and this says the worst is probably not over. the stock got slaughtered losing more than 17%. jeffrey owns about 1 million shares of abercrombie. that means he lost more than $8 million today. the pastor heard. okay. now all rise for judge judy, making more than any other star on tv. hell is that possible? according to new rankings by tv guide should pull then

$47 million of the past year. that is all we have for you. i hope you made "money" today. be sure to tune in tomorrow. its franchise friday. have you cut through the red tape? we will find out right here. ♪ dennis: hello, everyone. i'm dennis kneale in for gerri willis. tonight on "the willis report," i shocking trading date as the nasdaq stock exchange was forced to halt trading for three hours because of a technical glitch. president obama continuing its push to spread the wealth calling once again for college to be affordable to all. is there really a problem with those in the corner office is making more than the little guy? the sec says yes, and of your reactions. or watching out for you tonight on "the willis report". ♪