well. >> as it turns out, people still want to be comfortable, no matter what. marie driscoll, the ceo of driscoll advisers. mel is saw tennessee melissa francis is here, "money is next. melissa: that's right, happy monday to you. iraq is deteriorating. details, details. new york's comptroller says $13 an hour would do wonders for the economy here in new york but didn't bother to find out if that meant companies would fire people. and starbucks offering free college classes to workers. there is one huge catch though. turning to detroit, the plan of start-up cities springing up across the u.s. because even when they say it's not, it's always about "money." ♪ ♪ melissa: sunni militants

capturing another key city in iraq, this one in the north along the highway to syria. meanwhile, the u.s. is scrambling to move staff from embassies in baghdad as president obama considers working with iran to stop isis rebels. joining me now, our very own list macdonald and jack howe of barron's. spencer, what do you think? >> well, it's a very difficult situation, and there's no easy answers. and, you know, we're pulling out. president obama said we're not going to send in more troops, so we don't have a lot of good options here. mel we don't. at the same time, the market is remarkably calm about this, jack. >> the fact we're talking to iran about this gives you an idea, these are people al-qaeda has denounced. melissa: right. >> and the real risk for the u.s. right now is we did a story in barron's a couple weeks ago about the troops coming home from iraq and afghanistan. we've had better battlefield treatment for them, they come home with much higher health care costs. the future health care obligations, $300,000 per

soldier returning from those wars. if we get involved in something else, we run the risk that our military starts to look like a health care organization with gunnings. >> yeah, that's the question. because, you know, he's the issue. oil markets are pretty complacent right now -- melissa: for now. >> but if it goes to $110, $115, you're talking $4 gasoline. that's the question, will it go there? because the majority of iraq's oilfields are in the south. the militants have yet to take over the south -- melissa: no, but that'll be the next target. >> these guys still sell that oil to make money, so that's the issue. melissa: yeah. >> that's the question, citigroup saying the oil markets are surprisingly complacent about this because canada and u.s. oil is really ramping up and coming online. melissa: christine he guard is recommending that the u.s. raise the minimum wage. she spoke first to fox business on why she thinks it would be beneficial. >> in the short term, there might be some jobs lost, but

when you look at the significant increase of income that poorly paid people will have, we believe that in the long run it will be net positive for the economy and for employment as well. melissa: hmm, what do you think? >> well, you can't treat, quote, some job losses as a rounding error. those are real people with those jobs who could see their jobs lost. listen, the imf has gotten it wrong. they got the greek bailout wrong -- melissa: that's true. >> so the question is would a minimum wage hike at the federal level help? see half the states raising -- melissa: jack, you agree with her, right? >> i do. we're not raising it from a fair level, we're playing catch-up after 40 years of people losing 30% of their person power who earn minimum wage in this country. we have to get back to where we should have been, and the people spend everything they make. melissa: but why are we talking about raising -- >> you know, instead of talking about the minimum wage, why not

talk about growing the economy -- melissa: or moving people out of that wage range and is into the middle. the middle is disappearing. that was all the talk over the weekend. the increasing barbell economy. we're focused on increasing the pay of these jobs at the very bottom, jobs in the middle are disappearing. >> if you're not in the 1%, you're not doing as well as you should be. everyone's hurting in this economy because wage growth has been very low and weak during this recovery. so, yes, there are definite, real issues to be answered about what are the job losses that we could see. but the minimum wage, just on a basic fairness level, people who work minimum wage are making poverty level wages. melissa: it's true, but it's become such an easy target. there was a report by the new york city comptroller that said if the city were to raise the minimum wage to $13.13 an hour, it would generate $600 million in new wages.

it's like he starts, scott stringer, his point of departure is the money that would be in the hands of these workers and how they would go out and spend it which is great, but it's not coming off a money tree. >> that's your point. listen, the point is that we want to help the poor. everybody wants to help the poor. the best way to help the poor is get them a better job. melissa: all the money's coming from. >> i love how we're talking about raising the minimum wage, by the way, while we're devaluing the dollar. >> one thing would be fairer is if you had a minimum wage that was indexed to the rate of inflation, we wouldn't have to have these arguments. melissa: that is a decent point. did you see my money tree? >> looks pretty full. melissa: that would solve the whole problem. apparently, a lot of people are counting on this money tree coming around. spence, i'll give you the last word on this one. >> well, you know, take the politics out of it, for one -- melissa: i'm focused on math. i'm not talking about politics.

>> can i have some of that money tree? >> that come out of the small business owners' bank accounts. of course. melissa: two years' worth of lois lerner's e-mails gone. they're just gone. the irs is blaming computer crashes. we are now more than a year into the investigation, still no answer about the tax agency's targeting of the tea party. what i like about this one is if the irs were coming after me and i said my computer crashed, i'm so sorry -- [laughter] you know, i just don't have any of the stuff you want. what would they do to me? and then can we then do that to them? i mean, what would be the punishment to us? >> that'd be a difficult -- melissa: they wouldn't accept that, my computer crashed, i'm so sorry. >> i've never heard a private corporation say we couldn't recover the e-mail. >> that's a good point. >> listen, there's backup systems in place. there should be -- >> it sounds like e-mails go somewhere, so they reside -- >> takes a hell of a lot of money to find it, though, at

taxpayers' expense. this is a critical time period, 2009, 2011 where these e-mails are lost due to crash. by the way, that's federal property. if they didn't say an individual wiped them out, it's blamed on a computer crash. >> melissa, can i make one suggestion? >> hang on, this is when the department of justice basically contacted the irs and the sec was in touch, and nine senators were pressuring the irs. >> i just live for the day where they say, i forgot, i lost your tax return, so you don't have to pay taxes. melissa: you're off scot-free. i feel like that's not going to happen. >> by the way, you can always interrupt me, i don't care. [laughter] >> whatever. melissa: some people cannot lie. an analyst -- do you want to do it? yeah, go ahead. go ahead. [laughter] you drew the attention to yourself, my friend. you're going to rap for us? that was him, all right. analysts at raymond james say apple is going to charge a hundred dollar premium.

and a survey finds that about one-third of respondents will be willing to spend for the bigger size. will you pay $100 for a bigger screen? >> i don't care, i'm going to buy the biggest phone they make. [laughter] more importantly, the survey data when you look at it, there's pent-up demand among apple's users. melissa: looks a lot bigger. >> a lot of them are going to go -- melissa: this is your specialty. >> yeah. if you work for a company that subsidizes -- melissa: you don't care. >> they'll subsidize it. i'm not 100 president sure that consumers -- 100% sure -- it'll be over $700, that sounds like a lot of money. that east like buying a 50-inch flat screen tv. melissa: or a nice handbag. yes. are you going to buy a giant iphone? >> no, i already have a giant iphone. melissa: good enough. well, i mean, that's the other

thing. i thought the samsung galaxy was ridiculous because it was so huge, but everyone loves i. >> i love it. mel health all right. i'll leave that one alone. steve balmer making the commencement speech at the university of washington this weekend, really riling up the crowd. >> opportunity, opportunity, opportunity, it awaits you. it's there! for you. [laughter] melissa: whoa. doesn't he have a shot at being a motivational speaker in his next career? he is so famous for all those speeches at microsoft where he would run around the stage like a crazed, insane person. >> i know chris farley passed away -- >> oh! melissa: here's one of his crazy speeches. i think this is what they were expecting when they hired him for the graduation. he could make a fortune -- >> yeah, he could. melissa: on the motivational speaking circuit. >> he could. he dropped out of business school. parents thought i was a whack

job, but he has also a way of connecting with his audience too. he is pretty inspiring. >> seize the day, i mean, opportunity -- he's bill gates' coat tails. >> listen, grumpy, if you were sitting there, you'd have enjoyed it too. >> i think that's good. >> you can say a lot about the negatives of steve balmer, but he is -- steve ballmer. >> there's plenty of say to criticize his performance, but the one thing he is good at is riling up the a crowd. >> that's true. melissa: all right. just call them bries thats with benefits -- bries thats with benefits. seems not all employees are created equal. plus, have you taken your drone yet? in a new craze coming to a twitter field near you. more money and drones coming up. ♪ ♪

when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america. engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america.

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new kind of perk. the coffee giant is now offering workers across the nation free college tuition. but not everyone makes the grade. back now is spencer along with matchfund's.com jonas, and my favorite economy itself, peter morici. peter, you aren't here with us, so i'm going to start with you. ceo howard schultz thinking the program will lower attrition. you have to go to arizona state, i believe it is, online. but it's a start. what do you think about this? >> first of all, arizona state is just an absolutely fine institution, and i think this is the direction we're going in. we're not going to go to online education completely, those diplomas aren't going to be worth a whole lot, but a hybrid of online and classroom, so you have to have two years of college credit to do this, it makes sense to me. melissa: "forbes" is estimating that 3% of its work force, if they take advantage, the it's going to cost starbucks $50 million per year.

jonas, is it worth it? >> i'm almost positive i don't believe that number, first of all. this isn't such a new idea. companies used to do this with skill for the job, computer educations, etc. -- melissa: right, but not minimum wage baristas, i think that's what makes it special. uh-oh. don't offend people from arizona state, my friends. >> are you psyched about this revelation that you just went to starbucks university? that's what everyone's going to be calling it in a few years if this takes effect. the online school era is a lot of garbage schools, putting out degrees that aren't worth anything, so you need a company like starbucks to separate the somewhat legitimate online degrees from the complete garbage that you're getting government loans to pay for and you can't get a job. i'm glad they're doing that, i just question whether this whole online degree thing is really working out -- melissa: okay. where do you come down on this one? >> you know, i think this is a potentially radical idea, okay?

like you said, if you work for a fortune 500 company, if you want to take a college class, there's a lot of cases they'll just reimburse you for the tuition. that's great. >> but for the low level, low wage skill workers, in the has never been an opportunity. and these people do not make a lot of money, okay? the best way to raise them up is by duiing them more information -- giving them more information. melissa: is a p -- is it a pr thing for starbucks? if you take somebody and give them an online degree, do they become a manager? do they go to corporate? is starbucks really benefiting itself from this? >> i think you hit the nail on the head. these people will become likely candidates to get the kind of jobs that not the very best college graduates get i, but college graduates do, indeed, get. this is not going to be starbucks universities because the courses are going to be offered by arizona state university. most universities -- mine included -- are looking at

combining online ask with classroom experience to come up with a hybrid kind of program. i think this is a step in the right direction, and i think starbucks can legitimatize this if they just start hiring to become retail managers, then they'll go off to other institutions. melissa: thanks, guy,. escaping the irs, medtronic is the biggest firm yet. nicole petallides is watching this stock after its $43 billion deal for covid january. nicole? >> reporter: this is a big deal, covidien up 21%, medtronic pulling back, medtronic being the acquirer. and what's interesting here is they are saying certainly in the medical devices, world medical technology they really see complimentary strategies, synergies between these companies and why they should be together. but don't forget, if they are to do this and move forward with this, they would then move to ireland, right, where covidien's from.

that would help them in the tax purposes area. in the meantime, they are rushing to do exactly that because they don't want congress to push through legislation which actually has been introduced recently that would stop them from doing that. back to you. melissa: interesting. we're going to see more and more of this. nicole, thank you so much. from the u.s. to every corner of the globe, money is flying around the world starting in the philippines where a local ice cream parlor is selling a sweet new dessert made with crocodile eggs. thicker and creamier than you could ever imagine. the eatery stumbled across the flavor, wait for this, after the crocodile farm next door gave them a batch of eggs that had failed to hatch. so, obviously, they should make them into ice cream, all right? other to paris -- over to paris where vladimir putin is causing outrage by constructing a huge monument just steps from the

eiffel tower, a cathedral covering nearly five and a half thousand square feet will sit on the river seine. it surgeons out the russian -- turns out the russians were sold the land years ago, the french were unaware of what it was being with used for. uh-oh. landing in china which has overtaken the u.s. as the world's number one corporate or borrower -- buyer, sorry. around a trillion more than owed by companied here in the -- companies here in the states. analysts say up to a third is being financed by china's shadow banking sector. are you better off? the bar pell economy is stronger than ever, and it's painting a bleak picture for the middle class. plus the latest in iraq as another town falls to violet insurgents. -- violent insurgents. how will this impact you here at

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ourselves in ruts where we don't really have a choice in a lot of ways. melissa: so you think we should do that. >> they're prif i have the more information that we are, but we've fought wars and occupied bases and not countries. and now we've created these vacuums that are being filled by very, very vicious people. melissa: yeah. some would say, well, is this our problem now? we came in, we did our best, now we're gone, what do you say -- >> since we're talking on this station to a lot of people who invest and are into money, after all the things i've seen in the past 15 years of government service, this is the most realistic thing i've seen that can cause oil prices to rise, it's the islamic caliphate. it is real, and it's on the move. melissa: phil flynn, let me ask you to speak to that directly because you are in the trading pits all day, every day. some folks say they haven't

targeted oil facilities yet so much. i heard k, the mcfarlane saying earlier today that's where the money is, so they're going to be targeting each other's oil facilities. is that a real concern? >> i think it is a real concern. and even if they don't, let's say that iraq can mount a spirited defense, and they can control the southern part of the country. it still reduces their potential to produce be oil in the future. that's why this is so important. it's not just a short-term story that we see a headline come across and we buy oil, then it goes away the next day, this problem could be with us for decades. i mean, the global market was already pricing in that iraq could potentially produce 8-10 million barrels a day, they could be exporting six million or eight million barrels in the future. that's not going to happen. and the murky situation we have right now, we don't know who's going to be running who. iraq could be three country, they could be four countries. there could be a war that could

disrupt supplies for many, many generations. melissa: and it is money that we talk about on this show. you know, isis if they went and robbed a bank, a lot of that was oil money. >> melissa, none of this is new news. if you looked at the al-qaeda training manual 15 years ago, you would have seen that, basically, that's what their mo is, crime. that's how they fund all these things, kidnappings in different parts of the world, robbing banks, starting conflicts just so they can get, you know, equipment that we've supplied. i mean, this is the way they fund their wars because they don't have a centralized country to actually do that. melissa: yeah. phil, are traders hedging themself against us in the near term? how would you characterize it? >> well, i think in the short term the reason why we're down or not running away right now is was the early reports that iraq, their air force has made some inroads against the militants and the terrorists. they've been pretty active. it looks like so far baghdad has

been well defended, so that's a reason. we're seeing oil from libya. they have oil fields restart this weekend. but your guest is absolutely right. at the end of the day, this is about the money. melissa: yeah. >> this is what these terrorists really want. not about ideology. melissa: and no matter where oil is right now, we are hovering near nine month highs, so it's the not like it's cheap right now. gentlemen, thanks. detroit has what it takes to become the drone capital of the world, and there won't be a single goat in sight. plus, very essential somebody, indeed. reports are out on just how much chelsea clinton got for being a special correspondent at nbc. let's say it pays really well to be a white house kid. piles of money for her at least, coming up. ♪ ♪

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a research tool on thinkorswim. from td ameritrade. ♪ ♪ melissa: billionaire entrepreneur mark an drayson has a solution to get detroit back on track, turn it into drone alley. okay, so it sounds a little tongue in cheek, but what he's really saying is a very smart idea. rather than going out and copying silicon valley and saying that's what we're going to do, you should take a town like detroit and make it special for something very specific, make them the center of drones, for example. other examples, you know, bitcoin valley, stem cell valley, driverless car valley. peter, i'll let you go first, what do you think? >> well, the ecosystem isn't present there. we don't have a university with entrepreneurial scientists and graduate students that are knowledgeable about that industry or any other of a high --

melissa: could we make that happen? >> no. attempts to do that out of whole cloth don't work. where are the cultural amenities? techies like to live in san francisco and boston. do they really want to send their kids to the detroit city schools where they'll learn about unionism? remember, detroit is the city of the lions and the uaw. melissa: spencer, what do you think about that one? do you think nobody -- is there anybody we could send to detroit that would want to be there? >> well, you know, these things have to happen organically, and i think that's one of the smart things he's saying is these top-down efforts to create little silicon valleys never work. they don't look at what's going on on the ground. if you don't have entrepreneurs who are in those markets to create the companies -- melissa: okay, so you could create, i mean, jonas, couldn't you create tax incentives for those folks to work with the universities to try and create something special in a community? i mean, couldn't people be -- if they need employees anyway and they aren't finding ec nears

they need -- engineers they need, couldn't you have sent them to work with the community to make something like this happen? >> there's a lot of complex issues here. first of all, there's no income tax in nevada, and it doesn't steal business from -- melissa: maybe they could. >> taxes won't do it. in fact, it wasn't organic. silicon valley started because stanford university was there and government contract dollars. so government plays a role. they don't have schools that are that good except for -- melissa: we're going to send a link to this segment so he can know why that was a rrrrible idea. i tried hard. >> the concept isn't terrible -- >> it's a clever argument. melissa: he suggested manufacturing -- >> there's a hidden agenda here. he's having a clever argument to get governments to compete to deregulate. you need to strip away regulation to make silicon valley money. melissa: thank you for demies demystifying that for us. the u.s. is continuing to see

this trend, this is why we're having these conversations. jobs at both ends of the spectrum are vanishing. the new york times reporting that industries whose average salaries are in the middle of the wage scale slunk by two -- shrunk by two and a half million jobs since the recession. this is the rob we're talking about along with the fact that companies can't find the employees they want. what's the solution? >> well, the solution is to grow the economy. the old minimum wage problem. if we were growing the economy, the jobs at the bottom would be better. the reality is you can't change the fact that these jobs in the middle of disappearing was technology has eliminated them. only inefficiency would bring them back. if we were growing at 3.5% instead of 1.7 the way we have been for the past 15 years, the jobs at the bottom would be more plentiful and would pay better. that's really the answer. melissa: okay, spencer? >> i don't know why they come out with barbell -- melissa: yo don't know why? --

you don't know why? >> the numbers say that is. >> 95% of the income growth on the last four years has gone to the top 1%. melissa: that's the barbell. it's the top and the bottom, there's nothing in the middle. [inaudible conversations] >> improve education because the statistics show if you have a college degree, if you have a master's degree -- melissa: well, isn't that what an degreeson is saying? start with the universities and communities, make them famous for something, bring people there, create the jobs. i don't know, jonas, i'm going to give you the last word. >> the automation is just going up the ladder, and it's not going to stop in the middle. there's going to be a day when robots are going to do surgery. they're going to do investment advisory work -- melissa: they through are. >> we're going to try to limit it because people in power are going to get the government to stop the robots from taking over the jobs. melissa: on that note, thanks, guys. [laughter] target is back in the spotlight, yet another system failure leaves customers out in the

cold. can the retail giant check its way out of this one, or will it have to pay? at the end of the day, it is all about "money," after all. ♪ if ...hey breathing's hard... know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment

that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. does breathing with copd weigh you down? don't wait to ask your doctor about spiriva. ♪ ♪ >> i'm melissa francis with your fox business brief. airbus plans to tackle elon musk

by launching a commercial competitor to spacex. the aerospace giant will make use of its rocket building facilities by teaming up with a french engine maker. ben and jerry's is saying, oh, no, banning genetically-modified organisms from all of its products. the ice cream maker has found new sources, and it's had to change the name of its famous desserts as a result like heath bar, and builders are feeling better about their chances of selling new homes. the nahb confidence index rose in june for the first time this year, coming in at 49. that is just shy of levels that indicate favorable conditions. that is the latest from the fox business network, giving you the power to prosper.

when folks think about what they get from alaska, they think salmon and energy. but the energy bp produces up here creates something else as well: jobs all over america.

engineering and innovation jobs. advanced safety systems & technology. shipping and manufacturing. across the united states, bp supports more than a quarter million jobs. when we set up operation in one part of the country, people in other parts go to work. that's not a coincidence. it's one more part of our commitment to america. melissa: markets driving into the green after a volatile session. bull's eye options alan nutman joins me now. >> i feel better than i did on friday, obviously. we got a little bit of bounce on friday, at least we're not going lower. i think it's important after last week. that's a key reversal that's potentially not a great technical pattern, but i think the fact that if we can get above the 1940 levels in the spx, that we could get some recovery. overall the fundamentals are

still solid. what i like at this level is retail, believe it or not. fashion is pick be l, we know that. xrt is the retail etf i'm looking at. it looks like it's targeted for 95 which is 12% higher. it's down 4% on the year whereas the s&p is up 4%, from a risk/reward level leaning on 80, and xrt is a way to not get caught in an individual stock but there. melissa: all right, great thanks. there is a new bull's eye on target after a computer glitch knocked out checkout systems at several stores nationwide. customers were left standing in line for hours before they were back up and running, of course. it is only the latest trouble for target after the massive security breach. marketing expert jennifer walsh is with me. people were tweeting like crazy, you know, the dude holding the sign that says the end is near might be right after all.

[laughter] >> it was. it blew up twitter last night. thankfully, it was during the evening hours and not during the day on sunday. melissa: what does this mean for target? i guess it wouldn't be that big of a deal if they weren't just -- >> that's exactly right. there's this heightened awareness of their problems, and they're in a cycle of pain right here. in order to get the confidence pack for their customers, what can they do? they have to lure people in with price cuts, and that affects their earnings. when you have things like this come up, it doesn't necessarily have to be a big thing in order to get big attention because their past problems. melissa: you herald alan say hi -- herald allan say he likes retail. >> they haven't yet come up with -- melissa: their web site is horrendous, target. >> and they hired a new cio on june 10th to literally try to soften those blows from the past few months. have a new chief executive or information officers onboard as

of june 10th, and this happened a few days later. melissa: what could they do to turn it around here? it feels like they're in freefall, but at the same time it's a great store, but they're doing real damage. >> they really need to have the customers feel secure, but i think it's going to take time because two blows in such a short period of time is a lot to come back from. even though it's only five states, it's still a feeling, and they could pay cash. it's going to take time to rebuild that trust again. >> it's the sense that you go into target, you may find stuff that you like, but you're going to get hacked, you can't use your credit card, you can't pay -- >> they're pushing the loyalty programs, but at some point there's only one answer here, and the answer is to cut prices in order to get shoppers in the door. not great news for shareholders. melissa: no, it's not, because target had special, cool stuff make you feel like cheap was chic but not necessarily charging that little. cutting prices for them, that was the secret was that they were actually charging you a

lot, so they don't want to give up that one thing. takings through the next hour is liz claman. you had a huge interview with christine lagarde today. very nice, congrats on that. liz: well, you know, i'll tell you something, there are a lot of questions about the economy, and today when the imf, the international monetary fund, came out with its annual report, here are the questions that we wanted to know: could what's happening all the way, thousands of miles away in iraq, the violence and the islamic militants, could that reach over and affect our recovery that we are experiencing right now? how about russia cutting off ukraine from its own gas supplies? would that end up hurting it? well, in the report released today the annual u.s. state of the economy report from the imf, those questions were not addressed, so fox business asked them of christine lagarde. coming up, three p.m. eastern, you will hear her answers to that, and they are very serious, they are very, very focused, and they are headline-making. because when you start to

wonder, wait a minute, we don't have any real crises right now at least domestically, could something else, some mison nist event affect us? we're going to talk about that along with why maybe eric cantor's defeat in the primary last week, yes, could that really cause gridlock in washington? top of three p.m. eastern. melissa: a lot of great stuff, liz. look toward to that. -- forward to that. so time for something i just had to show you. we have all heard the horse whisperer. how about the elephant whisperer? this lady in northern thailand knows the gentle eye i can'ts so well that all -- giants so well is that all she has to do is sing them a lull buy, and they full down fast asleep. they are so relaxed that they hit the ground shoring within seconds -- snoring within seconds. i don't know about you, but there's a few guys i could use this trick on. [laughter] what doug, is there something in

that -- what do you think, is thering there something in that towel? >> these elephants medicated? melissa: no! she's coming over, and it's like a children's book. knocking them out and -- >> i think that's starting to put me down a little bit. [laughter] melissa: are there people at work that you would like to walk up to and -- >> absolutely, every day. [laughter] don't you? melissa: yes, absolutely. jack, who would you use this on, if you had someone -- do you have a mother-in-law? >> i'm creating a list right now. i've got to talk to the elephant lady. melissa: i don't know, it's really cool. >> yeah, it's interesting. melissa: all right. so your furry little situation could have a problem in a later life. prenups are become -- pet prenups are becoming routine. you can never have too much "money" or too many pets. ♪ ♪ weekdays are for rising to the challenge.

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♪ ♪ melissa: whether it's on wall street or main street, he's who's making and losing money to the, anyone with a piece of yahoo!. the stock is plunging after alibaba reported very sluggish quarterly growth. revenue at the chinese retail giant which counts yahoo! as a major stockholder rose by a respectable 39% in the first quarter, still that wasn't enough to please wall street, and yahoo! is bearing the brunt of that, the stock is down about 5% right now which is a bit of a headache for boss, marisa meyers, she owns more than 2.5 million shares of yahoo! meaning she's lost more than $4.7 million big ones since this morning. maybe wishing she'd have stayed in bed. losing millions, greenpeace.

the eco-vigilantes are all about making things right in the world, but that didn't stop one employee in its finance department from going rogue and losing $5 million on a reckless currency bet. greenpeace was caught well off guard, and they've since fired the worker for taking inappropriate risk. i guess with. making some serious bank from her television career, chelsea clinton. reports say she was given an annual salary of $600,000 when she joined nbc as a very special correspondent. works out to about $27,000 per minute that she was on the air. very special, indeed. i know some reporters over there who might not be so happy about that one. it's time for a little spare change. from pets to hangers, the precious and sometimes weird possessions lost when spouses go their separate ways. turns out half of all u.s. marriages ender in divorce -- end in divorce. abby you wing joins us on how to

protect yourself. okay, we have been reading more and more about these ugly pet custody battles, and when you realize that a cat lives for 15 years on averages that's a lot longer than a lot of marriages last. do you need a pet prenup when you get a bet with a partner? >> you know, one would think that you wouldn't, but it's looking like it might be something to consider going forward. i, you know, i continue to see her couples who are kind of, their children are out of the house and in college, and the pets really have replaced those children and become like children. melissa: okay, so you're a lawyer. give me some advice. i'm getting a pet with a partner, i'm afraid the pet may outlast this relationship. how do i bring it up with a partner? >> i think what you say when you're looking for the animal is this needs to be somebody's pet. it's, you know, my dog or it's your dog, but it needs to kind

of be somebody's primary responsibility. and let's decide now who that person is. and, you know, if we get into a point where we're going to separate or, you know, we divorce, then, you know, we can work out something equitable. but there really needs to be one person who's kind of the primary owner. melissa: that seems like a pretty tough conversation to have at the puppy store or at the aspca, i want that puppy. abby, do i need to get that in writing, and how much does it cost to do something like that? >> well, the sad thing is you could get it in writing, i don't know how enforceable it would be. and it would probably run about $500 if you wanted to turn it into a legal document. but it's just a contract, so, you know, that doesn't mean it won't be breached. melissa: all right, abby, thanks so much. maybe you could cut the puppy in half. no, i think you can't actually do that. bad joke. bible story, you remember. all right, poor brazil just can't catch a break. team usa getting ready to kick

off its first match at the world cup. just hope they brought their galoshes. it's raining "money" next. ♪ ♪ ♪

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melissa: yet another blunder for brazil, though in fairness this was was out-of-control, massive floods our drenching the host city to read an entire month's worth of rain falling in only two days 14 the city to issue a flood alert. look at that. when it rains it pours. this is where team usa will make its world cup da view just about three hours from now. jack and jennifer are back with me now. wow. >> they have been in a dry spell port may be the past 24 hours.

but like the inches of rain fell overnight and drenched the city. melissa: i think the locus our next. >> only in soccer are we having a conversation about whether the us can finally overtake ghana. >> i know it. liz: or. melissa: or even spin their way to a stadium. i assume both of you are watching. >> i am watching. i'm ready to go. melissa: that is what that is about? >> yes. melissa: not too keen on kanye, the ultimate stage mom quite displeased with son-in-law who turned down a whopping 11 million-dollar offer to sell the way pictures. do you believe that number? >> this can't be real. melissa: that they turned it down for how much. >> please tell me. melissa: i think it's a fake story so they can make it look like they are not the money grabbers that they are. in my just too cynical? >> this is a business. they are clearly unfortunately enough-- i'm

hoping it's a short. back of time they will be in the media,. melissa: they could be divorced by next month. >> true. then they will have a fight over who owns the pictures. just when you thought this could get any worse putter debuted the new selfie by drone phenomenon and it helps to take off cronies-- it's like an actual thing on twitter. to make sure a little sick when you watch the video, it's very nauseating because the loan with around. >> this is a real issue for those of us with the nene on the top three of let's be careful out there. [laughter] melissa: i feel like once again someone will shoot this thing down. doesn't it? kind of cry out for that? i'm just thinking of an annoying drone flying at me. >> and someone will blasted out of the air, right?

melissa: thanks, guys. i hope you are making money today. countdown starts right now. >> shockwaves from iraq rattle us investors. i rock teetering on full-blown conflict. us military on the move and oil prices rising. we talked geopolitics in the us economy with imf managing director christine lagarde in a first on fox business interview. was the real deal with the housing recovery? what do homebuilders think about today's housing report? we asked one of the people who builds homes for a living. the chairman and ceo of hope nanny enterprise is our exclusive guest. the san antonio spurs are nba champions what they can. how is the sports mania month of june with the nba and stanley cup finals as well as the world cup impacting the sales of sports apparel? we will ask the owner of 47