down 16%. liz: here come the bells ringing on wall street. [closing bell ringing] in the last hour, after market session for oil, held to $106 a barrel. jumping up to 106.72. markets came off the lows of the session. s&p 500 was down at one point down 17. looks like it will end down 13 points. the dow was more than 130. now it is down 110. a little good news retracement back to the flat line. "after the bell" starts right now. liz: quite a bit of act shun in today's market, let's bring in along with adam shapiro we have global trend investment who says now is the time to get into emerging markets specifically. we have randy warren, warren financial services chief investment officer who says there is one particular sector

you should absolutely be buying right now. el tell you. chris gersch joining me from the cme. chris, i need to get to the feel of the pits. was there panic telling to dump out or pretty much some calm here? >> liz, there is absolutely some calm. we have low volume, low vix. that tells us, traders had selling there wasn't a huge pull back, only .6% in the s&p. so no panic selling. a lot of traders thought we would sell off a lot more with the spike in oil. the selloff just didn't come. adam: let me go to randy. you heard him say we have low vix. you think market is up year-end 10% yet you still think investors need to hedge. why? >> i think it would be a wise thing to hedge. we use a volatility hedge per our investors and some of our fund. so, you know, it is pretty smart to hedge your bets a little bit. you don't know what the next

catalyst is going to be for the downside. so we don't want to sound like we're overly cautious. because we are optimistic, but, still, it is always good to have a plan when things don't go your way. right now, you know what is in t is happening with oil prices, is causing a lost things not to go the right way. liz: then i take it to tom. tom, where do i put my money so it goes the right way? >> well, liz, you pointed out earlier emerging markets. take this pullback, any pullback we've seen this year as an opportunity. there is great value there. although traditionally emerging markets seemed risky, that is not really the case. debt-to-gdp is half of what we're seeing in the u.s. there are great etfs. ddm is an outstanding choice and i-shares has msei emerging market low volatility.

liz: talk about eem for a second. it is title, market equities income fund. are these emerging market names that have good dividends? describe what is in here. >> exactly. blue-chips and also you don't often think emerging markets are advanced enough to pay high dividend. the folks at wisdom tree dealt down closely into the index in putting in individual equities that not only are performing well and valued in the right place but continue to kick off regular dividend. adam: randy i'm curious. i know you like american airlines, conoco resources. pioneer natural resources. two questions, why do you like american? also on energy, if we get a spread growing between brent and wti, wouldn't it be better to invest specifically in energy companies with exposure to international production with those here at home. >> no. we like the energy companies right now.

energy sector is a sector largely ignored over recent years. there is a whole renaissance going on in the energy industry right now. so the american companies are really doing amazing things with new technologies that they brought forward and ability to open up reservoirs that haven't been able to access the recent years. so, you know, con choe resources and pioneer, these are good companies that allow to you get into that kind of a business. the story on the airlines, although they tend to move in opposite directions today isn't really all about energy. the airline story, this is an opportunity, the selloff today, gives you an opportunity maybe to get in. perhaps you missed a 100% move in the airline industry over the past year or so. liz: you're mentioning all these energy names. most of them are higher today but if things start to come down, do they then go lower? is this the way to pick really quality names that do well no matter what is happening? >> yeah, the energy companies

are really going to do well. there is, this renaissance in america is just fantastic. we're producing a lot more oil and natural gas than we ever were before. we're becoming a major oil-producing nation. that is a real change from where we were five years ago. things have dramatically shifted. the balance of power around the world has dramatically shifted. no longer do we need to care quite as much politically. you're seeing some of that, as far as what goes on in the middle east. we're pulling out of our troops, partly because maybe america is tired of war. also the shift in energy is a big part of what happens in the middle east and what is happening here in america. adam: let me take this to tom. i want to shift away from energy. we'll talk about the whole hour because of what is happening in iraq. you like small cap companies. i'm curious why that is. russell 2000 is down year-to-date and hasn't been able to keep up with performance we've seen of larger cap companies? >> absolutely, adam.

it is another reason why to maybe consider it. we're in a slow and steady economic recovery here. it is urnly during these times that small caps outperform large caps, like they have in the past three years. so use that as an opportunity to get in. valuations are all, there as well. again, there is some good etfs, value oriented etfs at vanguard that can get you some representation there. one more opportunity in energy is the market vectors russia etf. while all the spotlight is on iraq right now, not on russia, the valuation there is somewhere in the six p-e ratio. that is coming back. liz: what is that ticker. >> rsx. liz: rsx. we showed that often. >> that is politically charged. liz: why not, right? get risk and reward. >> that's right. liz: chris, i need to talk to you about treasurys. to see yield under 2.6% for the 10-year, what do you interpret

especially with pretty signature moyle in iraq? insurgents are within 70 miles of baghdad and mosul and tikrit. three plain loads of americans in the last hour are being evacuated. >> liz, you hit it right on the head, that 2.6% level in the 10-year yield has really been an area of support. now that we're below it, trading that will now act as area of resistance. if news continues to come out of iraq, you will see moves like happened in gold today, up over 1%. we have a risk-off situation, yields will continue t go down. referring to your guest, i would absolutely stay out of airlines. this is not a time to buy in. nails like delta up over 100% this year. they have high beta. that is not a time to get in. if things are going to go up in oil right now, stay out of

airlines. liz: okay. although, been watching those. they have done well at least over last year-and-a-half. good to see all of you, tom, randy. chris, stay there we'll come back shortly for the s&p futures close. what is better sign of confidence in the company when the corporate insiders buy shares of their own company? lots of them. coming up the thumbs up from insiders. three names where the insiders are crazy buying right now. adam: talk about an alternative investment, how about investing in a golf course as the u.s. open bets underway. we will show you one of the most expensive golf courses in the country and talk to the owner about making a lot of green from the greens. liz: plus the stanley cup finals are heading to game 5 as the new york rangers beat out the l.a. kings in another nail-biter. i know. i was there dying over it. i'm a kings fan. when isn't just a victory for the rangers, it is a big victory for the national hockey league? coming up nhl commissioner gary

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liz: home furnishings retailer, restoration hardware rallying big-time after raising its full-year outlook. adam: let's head back to the floor of the new york stock exchange. nicole petallides is watching for us. nicole? >> everything home, right. restoration hardware home furnishings and the like. looking pretty amazing what restoration hardware was able to accomplish. higher 13% when we saw selling across the board. hit record all-time highs on latest quarter, swinging to a profit and also raising its outlook. with that you had bb and t raising the price target as well. -- bb&t. the new price was $79 and the stock closed at 80.40. profit beat and record all-time highs. restoration hardware wowed wall street today, liz and adam. liz: on a tough day. nicole, thank you very much. adam: s&p futures closing.

chris gersch is there at cme. people worried iraq or something else driving their decision? >> i think right now most of these traders are ready for a little bit of a swoon. the traders i talked to a minute ago before i came on, they thought the swoon would be more after the iraq and vix is so law, that they're thinking we're in state of calm. as far as we're concerned on the floor if news comes out in iraq and we don't see a big pullback, it might be a buying opportunity tomorrow morning. >> thank you for that information. >> thank you. liz: if executives, directors, others with inside knowledge after company buying or selling shares, should you as investor take that as thumbs up and do the same? adam: we have someone with multiple insider purchases outperformed the market and she can prove it. three picks that insiders are crazy b.

she is insider monkey founder and editor. thanks for joining us. pretty incredible what you found, traditional insiders buying their stock. what is it, outperformed by 7%? >> 7 percentage points per year. that's correct. hedge fund are technically insiders if they have 10% more or holdings of the stock. what we found is that a lot of insider information. it is only illegal if you know when that trade that information is non-public. liz: we're specifically talking about insiders buying their own stock. which to me has usually, not always, usually sent a signal to the markets, somebody beliefs in this company, or believes something will come out, a product, a strategy something. >> citigroup, it is not surprising. citigroup is the third most held stock among hedge fund we track. so hedge funds who have master

resources to spend on stock research are saying city group is a great buy. we were not surprised to see insiders buying that up. adam: not just that. >> not surprising to see a spin-off do really well. it was 37 two years ago. and insiders actually bought it at higher at4. they thought it was a deal at 84. adam: down a little bit today. >> it is, they're probably right, it will do very well. liz: we have breaking news on intel, the world's largest semiconductor company. let's get right to it. intel has good news. it is raising both current quarter and full year expectations what they expect to see as better than expected sales of business pcs. now we all know the pc market has really been either plateauing, flattening, dropping. this seems to be a good piece of news. the market is responding relatively solidly.

intel close was $27.96. the bid now, $29. adam: we love to talk about tech but go back to stocks people can make money on simply following what insiders are doing. there is another one you like, emerson electronics. >> that is big among the quant hedge fund. adam: don't want to fight them. >> aqr, not an exception there. they know what they're doing. this is owned, this stock, emerson is owned by really all the large quant hedge fund out there. massive research behind it. when we see that paired with insiders buying emerson, we think it's a good buy. liz: define quant hedge funds. they look really at numbers and detail, don't they? >> right. as opposed to insiders who don't necessarily look at details. what you have is two side saying this is a buy. liz: i would say that is major, major thumbs up on a stock like that. let's get to phillips 66. >> okay. phillips 66, it is not

surprising they did well since their spin-off two years ago. insiders bought it at higher than trading at right now. so we think it is still a good buy. adam: how long did it take you and your staff to compile the data, aggregate it all together to figure out where next picks might be? you're looking public information who is buying and how much? >> it is public information but comes out. adam: voluminous. >> extraordinarily voluminous. we own our code and our own programing. even then it takes days and days of processing. a lot interesting, enough, have mistakes in them and we go back and come back with our picks. >> how do you sift through, listen, news people are always a little cynical. how do you sift through ceos who figure maybe i should buy a bunch of my stock to look to the market that i have -- adam: exactly. >> academic research shows regardless what ceo is, insider purchases do mean something. insider sells don't necessarily mean anything. what we do on the quant level, as a whole, this means

something. so we're going to take it to insiders. adam: have you tested your own results to make sure they're 70% rate of accuracy that you found? >> we have tested. our own strategy has returned 90% since inception. liz: insider monkey founder. >> thank you. liz: and editor. good information. thank you very much. >> thank you, liz. adam: can't beat 90%. iraq, one of the world's largest producers of oil could be on the verge of breaking apart. american contractors are now being airlifted out. next we will ask an all-star panel whether the islamist militants offensive could push oil prices through the roof. liz: if you want to know which stocks have largest short positions, meaning, a lot of people on wall street, main street are betting against them, could they be set for a fall, we have dug up some names. you need to hear this. if there are naysayers about a stock and willing to put money against it, you should know what those names are. adam: there is a redhead going nuts during the commercial

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check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. trwith secure wifie for your business. it also comes with public wifi for your customers. not so with internet from the phone company. i would email the phone company to inquire as to why they have shortchanged these customers. but that would require wifi. switch to comcast business internet and get two wifi networks included. comcast business built for business. liz: time for a quick speed read of some of the day's other headlines, five stories one minute. first up, starbucks hooking up wireless charging stations in shops. charging stations. they began installing wireless duracell charging pads in san francisco before expanding

to other cities. dryers cost $4 billion a year in energy costs. typical electric dryer may consume as much energy as combine use of refrigerator, clothe washers and dishwasher. facebook will will grant users access to records it keeps to determine which ads are targeted at them. >> >> new york types report confirms much of our reporting here at fox business. golfer phil mickelson was not involved in insider trading specifically of clorox shares. fbi and securities & exchange commission found no evidence of mickelson wrongdoing. mattel signs a new toy deal around dc comics superheroes. more than 1,000 villains, heroes including batman, superman and joker. that is today's "speed read" because. [buzzer] both you and connell beat me. how is that? adam: we talk fast, simple as that a lot of people love golf

but would you invest in a golf course. michael pa suechy, i don't play golf, bought sebonack golf course for $46 million. liz: our own dierdre bolton had a chance to interview michael about whether this course has been a hole-in-one for him. that is hard name, somebody bonn nick. most people -- sebonack. there is some of the video. $45 million what he paid for the land. he beat out donald trump for that. he spent another 12 million to develop it and another 125 million to develop the facility, in part, the course designed by jack nicklaus. there are cottages there. they renovated the clubhouse. anyway i asked him, does all of this add up to a good investment? here is what he told me. >> generally owning golf courses is not a good investment.

i did it more as a hobby as he did with the clippers. this was, i didn't set out at all to make money with this project but, that's the only one i ever not tried to make money with. liz: he is a serial entrepreneur. you heard him say it there. he started with a car leasing business back in the 1970s that he sold in the '90s. but he has been investing all the way up in real estate, actually in venture cap and private equity and in hedge funds. but at that club it is really people who love golf. that is what he told me. not so much a flashy crowd. stan drunkenmiller one of the charter members. and the richmont family from south africa. for you play here you need a love of golf. adam: i've been to pebble beach. not for the golf but for the cars. >> feed the deer? adam: no. just the cars. thank you, deirdre. liz: we're watching oil in the

after-market. it is within eight cents of 107 a barrel. crossing 106 earlier today as the islamist militant offensive escalates in iraq and kurdish forces extend their grip on the northern part of the country. where will oil prices go from here? adam: speaking of oil, ford is lower fuel economy ratings for a number of its cars including plug in hybrids. liz: no matter who wins they're raking for the cash as everyone waits and wonders who will win the famed and historic family cup! coming up in the house, whoo! here is nhl commissioner gary bettman in the studio, with the coveted cup coming down the aisles live. whoo! ♪

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adam: short selling lets an investor profit from a falling stock price and sometimes a high level of short interest could indicate that shares may be ready to drop, so what are some of the most heavily shorted names in it turns out many of them are mid cap stocks. myriad genetics has a short float of 50%, and the stock hasn't suffered as a result,

flat over the past year. cliff natural resources which recently hit a 52-week low, they have a short interest of 36.1%. short sellers aren't betting on a win for gamestop, a short interest of 31%, and short sellers are siding with billionaire bill ackman when it comes to herbalife, almost 21%. and for the record, liz clay han gave me this jersey because deep down she's a secret rangers fan. that kings' business is a facade. liz: you know what? don't out me. [laughter] i'm actually a kings fan, but i double dip with the rangers, because what's happening now has never happened before where the new york rangers are facing off against the l.a. kings. they did defeat the kings last night to stay alive one more day. it was game four at msg, they advanced to the next round, and the man behind all the success is nhl commissioner gary bettman who not only exanded the league,

but -- expanded the league, but i really threatened you with your life if you didn't bring the cup. >> well, let's not get carried away. the success comes from the game and the great players we have playing the game. our competition, our playoffs and our season have been nothing short of phenomenal. liz: but you have to admit that to have the two largest hockey markets, l.a. and new york, this is unbelievable to be able to have it vying for the stanley cup, the most revered trophy in all of sports. it has its own, for those of you who don't know, its own security detail. but i just think this is amazing to have these two large markets in a sport that needs more attention. >> well, it's interesting, 1981, i think, was the last time new york played l.a. for a championship in the world series, dodgers/yankees, and this year during the season the kings played an outdoor game this dodger stadium, and the rangers played two outdoor games in yankee stadium, so maybe there's a symmetry to all this. liz: we can go on and on about the history, but the fact is the

revenue growth of the national hockey league has been pretty stunning. back when you took over as commissioner in, what, 1993, correct? >> yes. liz: you had come from the nba, and the revenues back then were, what, 400, 450 million? >> a little over 400. liz: i have heard we will do $3.6 billion by the end of this year? >> yes. liz: he's all calm, but that is major to have jumped that much. >> this is a game that we think is the best in all of sports. we think our athletes and our fans are the greatest, and we think we were underexposed and underappreciated. so we just needed to do a few things to straighten everybody out about us. liz: as a lifelong hockey fan, i can tell you we were underexposed in los angeles in 1967 when they became a franchise. the kings couldn't get anybody to write about them. if you wanted to hear them on the radio, it was on the christian broadcasting station at 10:00 at night. but to have come this far and then have six new teams, will there be new teams expanded

beyond that? >> there's a lot of interest being expressed in places like seattle and las vegas and quebec city and some other places, but we're focused right now on what we have, and we're not ready to formally focus on expansion. but i think everything you're pointing to kind of overlooks the fact that we didn't just throw a light switch and turn it on. we had to make some tough decisions, but we had to make sure we had a solid foundation. and as i said, when you start with our players, our game and our fans, we think we have everybody else beat. liz: well, we're a money network, certainly, and we look at all of the, for example, the sponsors and the companies that want to get in on this. i think say, for example, geico. they have a commercial running that's very eye-catching. it's got two babes on treadmills, one's a bruins fan, one's a flyers fan. >> you caught that one. [laughter] liz: about a million times. they're competitive. there's an interesting twist that you can do with hockey commercials, and they start competing on here. one of them vergely starts

falling -- eventually starts falling. i personally despise pote of them. -- both of them. [laughter] >> people from california are kind of mellow. liz: until it's the kings. tell me how the sponsorships have come through and, of course, you do air on nbc. i think they should be airing on the broadcast network, but they're on nbc sports channel. >> well, tomorrow night and for the rest of the final we will be on nbc. liz: finally. >> we have other major sponsors whether it's millercoors or interrise rent a car. they're -- enterprise rent a car. doing nhl-themed commercials we probably have more respond sores, major business partners than ever before. liz: it is not just the teams it is the cup. and for those of you who don't know, every single team member of every team that plays and wins the stanley cup, if you see very tightly here, every team member and the staff too get

engraved -- >> 2378 names. there are five bands, 13 teams on a band, four blank spots. liz: in fact, you've even got a commercial where is it called lift the cup or raise the cup? i love this commercial because it's almost time lapse photography where they pick every winner from the past, and you see them. watch as this builds up, and each time you hoist it's another team or another player that has won. how important is the cup itself and the lure of lord stanley's cup is to the nhl and, frankly, bringing in the money. this thing goes on tour. >> we, we're almost a hundred years old, and we're a league and a sport that prides itself in history and tradition. and unlike other sports we don't make a new one every year. this is the original, and this is the one that everybody wants a chance to hoist. we want the cup. liz: i have to tell you that a team that did win the cup, the chicago blackhawks, joel againville is watching right now

from chicago. sorry, joel -- >> how do you know that? [laughter] liz: how do i know? because i like to dig people that the kings have beaten out. he's gotten us twice for his team -- >> and they had an incredible seven-game series against the kings, and it was only the loss in game seven that prevented them from being in the stanley cup final against the rangers. liz: which city is closest to getting the next franchise? >> you know, that's not something we're ready to even focus on yet. obviously, with the expressions of interest we're getting, it's very gratifying, but it's not a decision that we're ready to make. liz: we have this crew of people who came in, these are diehards. and by the way, can we just point out the yellow and purple kings jersey? >> retro. liz: that is so retro. i stole that from my brother, okay? [laughter] i've been parading around here. but it's interesting to see, perhaps this is a new rivalry, gary. >> i think in so many ways as cities, new york and l.a. are media centers, largest cities in

north america. and whatever happens in either city tends to be very big. liz: well, if i have my way, fox sports one and fox sports are going to steal the nhl away from nbc, because we have the original glow puck technology. >> nbc's been a great partner. no disrespect to your heritage and lineage here. nbc sports has been terrific in terms of scheduling and, in fact, the deal we have with them now is the first time that all of the playoff games were televised nationally, and that was a big deal for us. liz: you may be presenting the stanley cup on saturday to the los angeles kings. >> tomorrow night. not that i may be presenting it, the next game's tomorrow night. liz: you don't pick a winner, d? [laughter] i can ask. i can push you. good to see you. >> great to be with you. liz: he's a man who has really grown this league. gary bettman of the national hockey league, the commissioner. is it bad luck to touch it? what's the lure? >> you can. liz: i can. go, kings. wait, i better not.

[laughter] my floor director's saying don't touch it. [laughter] okay, thank you so much. adam, over to you. adam: liz, thank you very much. going to shift to something a little less fun, and it has to do with iraq. it's on the brink. will there be an oil grabby competing factions in this oil-rich nation, and what happens if capital, baghdad, actually falls to islamist militants? we have an all-star panel on what's next for the oil market. and this time it's not general motors. ford's stock taking a hit today amid new controversy for the auto industry. we're going to tell you what all the fuss is about next. ♪ ♪

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liz: oil rallied in a big way today, settling well above $106 per barrel for its highest close, folks, since september. this, of course, coming as offensives by islamist militants in iraq sparked concerns that the country's oil supplies and exports could be slowed or even cut off. adam: so just how high will the price of oil go, and how will all of this impact u.s. policies? joining us now is kent norris, global energy symposium executive chairman and oil and energy investors founder and editor andy lipow. thank you for joining us, both of you. andy, this can get so confusing when you talk about the political implications. you've got sunnis versus

shiites. and in iraq sunnis are the minority, but that's the group that's part of the militants that's on the offensive. does this mean that if we were to take some kind of action, that we're aligning perhaps with iran? because they're shiite, and the prime minister, mr. maliki, is shiite. >> well, i think we have a number of ironies here between the different religious groups. as you point out, we have the shiites and the sunnis, and we really need the maliki government to hang in there so that we see the oil flow from the baghdad and the basra area in the southeast where the majority of the production is. and iran has been a supporter of that government. on the other hand, the sunnis are supported by kuwait and saudi arabia and were receiving significant amounts of oil are those countries. liz: kent, what have we seen right now on the ground this iraq? is this simply insurgents and pockets of problems, or are we seeing the collapse of what has been a growing country here?

>> i think, liz, we're going to see a better indication of that in the next 72 hours. what i find particularly disturbing isal wag daddy's forces -- baghdadi's forces, this insurrectionist leader, is picking up more of the splinter groups that used to be in opposition to him and everybody else. in other words, this is becoming a concerted effort against al-maliki. now, neither the united states nor iran want this government to fall, but the interesting thing is the saudis do not want a terrorist enclave, a call fate, to be created on the border of iraq and syria, and that's wag daddy's ultimate -- baghdadi's ultimate objective. we may have an unusual situation where at least baghdad, washington and tehran along with saudi arabia may be on the same page. adam: yeah. what is it, the friend of my enemy is my friend kind of thing. but let me ask you this, kent, you know, bottom line for

consumers in the united states, we will pay more for gasoline, but looking forward out does this mean opec, perhaps saudi arabia and others, iraq is the second largest exporter of oil, and opec, they're going to have to open up the spigots to keep the price of oil a little bit lower? >> yes. we don't know yet what overall impact this will have on iraqi exports. two things to keep in mind here. number one, the kurds in northern iraq have taken over control of the city of kirkuk, and that is the location in which the principle northern oil supplies move from iraq to southeastern turkey. secondly, there's no real indication yet that al-baghdadi's troops want to go further than baghdad. in other words, they're not particularly interested in going into the southern portions of iraq. the problem is if the government collapses, it won't make any difference. that's going to unravel the network of producing locations in southern iraq. and then last thing is that there were indications as early

as this morning that some of the major western companies currently developing fields in southern iraq may be suspending activities and making provisional plans to move their -- liz: okay, all right, somebody's suspending activity because three planeloads in the last hour and a half of americans have turned tail and left iraq. so there are enough tensions and enough concerns about the entire nation falling into real disarray and drama so that some americans are leaving. no embassy people yet, but, andy, to oil and its price. we are now very close to $107 a barrel. in the less heavily-traded aftermarket session, what happens tomorrow? your best guess? >> i think the oil prices are going to continue to rise because the market is nervous about the loss of supplies especially on the back of libyan oil production at less than 20% of its normal level, issues in sudan, nigeria, sanctions on

iran as well as the iea coming out saying that opec has to produce more over the next couple of months just to meet growing oil demand. so we have a combustible mix that can send oil prices significantly higher. adam: let me ask you, you know, i hate to in a situation like this ask who's going to make money, but someone is going to profit from this. which companies is it going to be? exxonmobil, who else? >> well, the producers clearly are going to make money, and if we were to look at the domestic market here even though it's far away from iraq, you have companies like anadarko, noble, devon, apache, all the domestic producers are going to benefit from higher crude oil prices here as well as many of the integrated majors like bp and shell. liz: it's great to see both of you. and, again, i'm with andy, i think that this continues to jack up the rices at least for the short -- prices at least for the short term. adam: thank you very much for joining us. liz: gasoline mileage. the mileage itself is a huge issue now for ford as it tries

to sell more cars, but the numbers weren't exactly as the automaker advertised. they had to back pedal a little bit. we have the details next. adam: also we know dr. dre was a big winner when it came to the beats/apple deal, but the sale was also music to one athlete's ears who made a very pretty penny. guess who, next. liz: and while the world cup gets underway here on earth, astronauts from the international space station have been laying some soccer as well. how cool is that? did you go entirely -- didn't go entirely as planned. more when we take you off the desk. a little pele action. ♪ ♪

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liz: when apple paid $3 billion for s electronics, one unexpected star innocented more money than his -- netted him more none than his current job. lebron james took a small stalk in the company back in 2008 -- stake in the company back in 2008 to promote its headphones. the heat star said to have now made on that small stake more than $30 million in cash and stock when the apple/beats deal closed. that's more than the $19 million a year than he's paid by the miami heat. adam: he'll keep his day job though.

liz: not bad. ford downwardly revising ratings on its hybrid cars. adam: how much is ford looking to compensate owners? jeff flock has more on all of this. >> reporter: i'm at a ford dealer where they say within a week new labels will be coming, new mpg labels will be coming to put over the vehicles. they'll tell you, it's becoming difficult for ford to paper over what is now an endemic problem. take a look at the numbers of the vehicles affected here, and it's going to cost the company as you report, lincoln mkz hybrid, they thought it was 45 miles to the gallon, it's actually 38. they're going to have to pay owners up over a thousand dollars. the ford fusion be hybrid they thought was 47 miles to the gallon, it's actually 42. it's going to cost them over $p $p -- $700. the cmax is a particular problem because that is the vehicle if you remember within the last year ford said was 47 miles to

the gallon, they already downgraded to 43, and now it is 40. it is becoming a real problem for the company to explain this, and it'll be one that the new ceo, mark fields, is going to have to deal with going be forward because this looks like, as i said, kind of an endemic problem. alan mulally spoke for the company today and apologizing for folks that have these vehicles and pledging it'll pay out this money. it's about 200,000 vehicles in total. i did some rough math on it. i calculate around $80 million or so give or take a few million. and why, why did this happen? how could it happen? well, something called -- i am told by the ford folks -- trlhp, total road load horsepower. it is a formula they use. they test cars in wind tunnels, and apparently the formulas they used and some new testing procedures caused the numbers to be off. and when they took them out on real roads, they said these cars aren't measuring up, and they

reported it to the epa themselves. liz: jeff flock, thank you very much for the update. adam: what do outer space and the world cup have in common? we'll find out when we go off the desk. liz: plus, you all remember the magic school bus, right? looks like it's about to make a comeback. which video streaming giant is planning quite the blast from the past. that's next. ♪ ♪ we asked people a question,

how much money do you think you'll need when you retire?

then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ >> off the desk. people in outer space are excited for the world cup. look at the astronauts aboard the international space station, recording a video of themselves practicing their best soccer moves. the only problem is the ball wouldn't stay on the floor. what a shock. the three sent a message to all the teams and fans down below on earth. >> we want to wish all the teams and fans on the ground in brazil great world cup. have fun, and have peaceful

games. >> also off the desk, for all you miss frizzell fans. netflix is launching a new version of the famous magic school bus series. the new version will be magic school bus 360. the entire series is slated to premiere on the streaming site. netflix streams the original series which debuted on pbs in 1994. >> number two thing to watch tomorrow is china's industrial production, this measures the change in the total inflation of output produced by manufacturers, mines and utilities. economists are expecting growth of 8.8%, that's up 1/10% from april's reading. >> the number one thing to watch tomorrow will be the price of oil. crude rally after islamic militants seized more towns and cities in northern iraq. militants about 70 miles from the capital, baghdad.

>> stay tuned to fox business for breaking news on the story. "the willis report" is next, cheryl casone filling in for gerri. huge story the escalating violence in iraq. you're looking at the consumer. cheryl: it's incredible what we've seen, liz, in particular, for you that big jump we've had in oil prices. now we're looking at the effects not just on what's going to happen to the people of iraq but the u.s. economy and to all of you at home. what does this mean to your investments, to your wallet and gas tank? all of this is coming up in the next hour of "the willis report." i have some of the best voices on this issue tonight joining me, jessie jane duff with concerned veterans for america. phil flynn with price futures group. heritage chief economist steve moore is with me. a lot is breaking in the last couple of hours particularly with the situation in iraq. a few things happening, the iraqi government is pleading