the las vegas era in 1970s and memorabilia from the beatles and the rolling stones as well. with that in mind we turn things over to rocker melissa francis, "money" starts now. melissa: i will get my bid in. thanks so much. a slap on the wrist. numbers show apple's iwatch debut could be an absolute disaster. she snoozes, yahoo! loses. marisa mayer's controversial catnap that kept advertising executives waiting for hours. latest attack on economy, san francisco selling parking spots to the highest bidder. if you can't stand the heat, head back to free agency. the big money battle for lebron and what his wife is tweeting. even when they say it's not it is always about money. melissa: tech community may be all aflutter about the apple's

iwatch but rest of you are greeting it with a giant slug. shrug. only 14% of consumers would buy an i watch priced at $350. it's a bargain. we have charlie gasparino. elizabeth macdonald and jack hough. would you buy one of these things? >> this survey is meaningless. 350 bucks, we don't know it will sell for that. we have no idea -- melissa: well, 41% said they wouldn't buy it regardless of price. >> they don't know what it is going to do. next week we'll seduction of one of these watches from google. i think after that people will change their tune once they see what the thing looks like. they're pretty sleek and allow you to access your phone on the go. melissa: if you can make a call, i would be interested in that. >> full disclosure. i just got one of these. melissa: i don't even know what that is. >> i use ad flip phone for many years. so i'm not a tech expert. melissa: your clamshell went into the -- got that.

>> that's right. that said, i think they jumped the shark with this thing. a smart watch? if sounds so ridiculous. are you going to make calls from your watch? melissa: i have to say i was on the set poo-pooing the ipad when it came out. hard to admit that but with a big group at some other network. between the name and idea if you had a laptop and you also had a phone why do you need this ipad. now we have like six. >> could be a good-looking watch, too. melissa: good point. >> could be a range of prices. this is a limited survey. you have angela aaron's from burberry over there. melissa: maybe 350 is too cheap. maybe if you want to make it something apple, stylish, people want, has to be 1500 bucks. >> booed looking watch with a lost apps. >> this is not the next big profit driver for apple. melissa: might be. >> how big is a screen on your wrist? >> size of figure newtons. melissa: 2 1/2 inches. like 2 1/2 inches. so bigger than what my wrist would be. >> talk to your wrist like dick

tracy does. melissa: i don't know. i'm not going to be as quick to dismiss this one. ipad is still around i guess. >> you have that, why do you need a cell phone. melissa: that's what we said about the iphone. a pleasant surprise out of the housing market. new home sales jumping more than 18% in may. that is the biggest surge in 22 years. that is a big number. what do you think of this one, e-mac? >> i thought it was good to see new home sales strengthening of that is precursor to possibly strengthening in the market. the plus or minus on this is 11%. this is real tight survey. a good indicator but margin of error is pretty big. melissa: big jump, 18% surge. largest in 22 years. couple that with the consumer confidence number we got this morning i wonder if the economy is better than everyone feels like it is. what are the odds, charlie. >> i have no to know who is buying? is it upper end buying?

middle being in buying? we don't know that. it kind of supports one of your other segments later on i guess or next one. plosser wants to raise rates. he will use this as intellectual sort of support. >> prices are up 10% after they plunged 30% during the downturn. houses should not move like stocks. something is wrong in the housing market -- >> where is the shadow inventory of foreclosed homes worried about coming into the market and depressing prices. >> you want to buy a foreclosed home. >> i'm talking 11 million put out. melissa: they're all different. 2014 has seen the good times roll on wall street. not everyone is getting in on the turn though. big corporation, and prestigious university endowments may have abandoned ship a little too soon. they were looking at some of the biggest, you know, harvard, yale, stanford. >> your alma mater. melissa: yes. switching out, trading out of stocks and into alternative invests before the big run-up. maybe not a great idea.

or smart. >> what happened in the last five years really mystified a lot of really smart people. i was at a panel discussion with kyle bass, predicted financial crisis. he was talking about how like the fed is inflating the economy, blah, blah. i sat there, you know you missed the run-up. we went from six to i think at the time when i was interviewing him or did the panel to 11. guess where we are now? 16. melissa: yeah. >> you can actively managed fund can not beat this market. when you have, don't put your money in a hedge fund. >> you want pension funds missing some of the upside from a roaring stock market rally because i don't want it that deep into stocks because their obligations look more like bonds. you want them buying, what they really should do is get away from -- >> how bull at upside? easiest way to make money in last five years was buy an index fund and not worry about how to, paying steve cohen 2, three and

50 on your investment. >> that is the thing. melissa: when you're talking about pensions and stuff you want them to be diversified. >> the obligations are thick so you want returns to be thick. >> diversify with the market. >> listen, here's the thing. i'm hearing from congress they want to weigh in who exactly is advising pension funds? is it hedge fund crowd running away with the money and overcharging big fat fees for this? looks like private equity shops do better than hedge fund crowd. who was managing government funds and also we know that harvard, we know harvard university's endowment has been in trouble for years. >> take the endowments out. i'm not sure how that work, but state pension funds is political. who gives the biggest contributions gets assignment. melissa: it has been 24 straight months since the economy hit the fed's 2% inflation target that philadelphia federal reserve president charles plosser struck an optimistic tone on "opening bell" earlier today. >> we've had period of somewhat lower than targeted inflation we

expect to drift back up towards our target. the last few months and pce and cpi have been drifting back up towards our target. we're not there yet but i think that is encouraging and stablizing and moving back towards our target and that is a good thing. melissa: emac what is your interpretation? >> big headline out of this interview the charles plosser admitted fed is not good calling bubbles. like taking a hammer to a gnat with rate hikes. that is the big headline. talking about inflation going up -- is there a government bubble? is there a bubble out there? yeah. will we see rate hikes -- >> i'm glad to hear folks said we don't need more help. ask yourself who out there is thinking about doing business right now doesn't feel interest rates are quite low enough yet with junction bonds yielding less than 5%. they're holding out for little lower mark on interest rates. there is no one out there, go to the grocery store, tremendous food inflation. price of coffee through the fuel.

>> here is the problem for economic planners. if you have 2% growth and you have inflation on food and stuff going up where you have to raise rates what does that do to the 2% growth when you start raising rates? melissa: no, it is a disaster. a major gaffe could be causing insomnia over at yahoo! marisa mayer reportedly did her best sleeping beauty impression. that is her from vogue. failing to wake up on time for a crucial meeting with advertisers. so this, i mean it was a huge gathering. big festival. she, we don't know exactly what happened. i mean of course yahoo! is saying that their relationship with advertisers is great. we don't know that she was asleep but people commenting at the meeting, they were waiting for two hours plus for her to show up and for whatever reason she wasn't there. jack, you're smiling. >> i'm not sure, i hope she is well-rested. i'm not sure that is yahoo!'s biggest problem at this point. i think they missed out on some key things, internet search and e emails they haven't done well over the years and struggling to catch up.

melissa: if you're the ceo of miller coors and shibani there waiting and she is two hours late and -- >> doesn't look good. melissa: "wall street journal" quoted ad executive at meeting saying if it were investor meeting or board meeting or potential acquisition i'm sure she or someone from her team would have woken err you her up. another instance she demonstrated she doesn't care, or doesn't understand the value of clients ad revenues and agencies. no matter what everyone is talking about this today, whether we don't know what happened. everyone is talking about it. is that bad for yahoo!? >> i don't know. here's the thing, my first impression, my first thought, she has got a kid. she overslept. that happens. how many people oversleep around here? everybody oversleeps around here. i will say this, whatever, everybody oversleeps. just happens. i will just say this. someone who covered corporate america a long time. jimmy cayne smoked pot for a fact. jimmy cayne was investigated for cheating on his golf game. in and of themselves were not

bad things but symptommic of his rule at bear stearns at some point. he had to go. bear stearns was the first company imploded. no but they are symptomatic. could be. melissa: how she feels about advertisers or make people feel her time is more important. >> management style broadly. >> working mom with 2-year-old. melissa: >> apple watch might have an alarm so she should look into that. melissa: san francisco cracking down on a popular app, i love this, allows drivers to auction off their parking spots. the city government ordering monkey parking to cease operation immediately. this is public property. you have the prime, like george costanza episode, prime parking spot and prime street in front of the house opens up. it is sitting there and bid on that spot before you sit there, the person waits for to you get there to have your spot. >> not your spot. melissa: exactly. that is the problem. >> including a human being to wait in parking spot for you. melissa: person auctioning off the spot i have the best spot

right on, you know, 90, whatever. do you want it? >> they should be able to do this says capitalist. if you own a home, rent an apartment, you can't simply sublet it. you have to get approval of the person that owns it. >> if they shut it down, look a way of replacing some of those functions. allow people to reserve spots. >> probably want to make money. melissa: i think it is all about semantics. rather than auctioning off the spot like you're auctioning off service as seat warmer, you could change it around. >> once government's involved, to this extent. this is the problem with government. they control this. there is no -- melissa: you don't other than the street. >> they own the street. melissa: guys, thanks so much. so do you believe in magic? the head of the irs sure does. why he is asking for supernatural intervention before congress. that was priceless. a golfing prodigy finally making good. michelle wie captures her first major but putting her back into it. more "money" coming up.

fore!

melissa: the case for the missing e-mails continues. irs commissioner john koskinen taking to the stand yesterday he

needs some magical help. >> so you told us all emails would be provided. when you discovered all emails would be provided you did not come back and inform us, is that correct? >> all the e-mails we have will be provided. i did not say i would provide you emails that disappeared. if you have a magical way for me to do that, i would be happy to know about it. i said i would provide all the emails. we are providing all the emails. the fact three years ago some of them, not all of them, but some of them were not available i never said i would provide emails we didn't have. melissa: amazing. joining me to discuss is mary kissell of "the wall street journal." it is really astounding. my thought in this day and age you can't really make emails totally disappear. a lot of people wanted to in the past when there are incriminating things. a lot of other people learned the hard way they never really go away. >> that is threw. one thing is clear, president obama promised to get to the bottom of this. the administration is closing ranks. they're stonewalling. they have no, no intention of actually telling us what

happened some we'll have to rely on these congressional inquiries and ultimately courts to force forensic discovery. melissa: does that strain credibility when he sits out there, says that if you have a magical way for me to do that to know about it? is there possible case they can't really be retrieved. >> i don't think so. what is important to distinguish what we don't know and what we do snow. we know conservative groups were targeted after the 2012 tea party victory. congressional democrats called for the inquiry. there was inneragency communication between the irs, doj and other agencies potentially. we don't know yet, the fbi for sure. we know that the doj attorney who was appointed here to investigate is a big obama campaign donor. what do the emails that we don't have? we don't know what those congressional democratic staffers asked the irs to do. we don't know what was said. we don't know that inneragency communication here.

we now have lost seven key staffers and their emails? so when democrats say, look, there is nothing to see here, please move on, well, not exactly. there is a lot here that we don't know. melissa: hearing taking place today, white house lawyer jennifer o'connor is testifying. could she link others to this investigation? why is that significant? >> she was at the irs when they were collecting documentation at congress's request. of course now we know that the irs found out months ago that they had lost these emails and just decided not to tell congress. we found out that through a house subpoena. so i find it highly unlikely you will get some big breaking news out of this white house counsel today. again ultimately i think it will have to go to the courts and judges will have to compel the irs and these other agencies to produce documents. melissa: how long would that take? >> could take months. could take years. melissa: absolutely. mary, thank you so much for your insight. always appreciate it. >> thanks for having me.

melissa: to the latest developments in iraq. secretary of state john kerry taking his call for unity to kurdish leaders, meeting in northern iraq, secretary kerry urged support as a possible tactic to force iraqi prime minister nouri al-maliki to cede more power to iraq sunni, kurdish minorities. iraq's largest refinery falling to militants. iraq security forces losing a fierce week-long battle to remain in control of the 300,000 peril a day facility. energy traders watching this one very closely right now. let's go to andrew keane at cme. what are you watching for right now? >> we talked about this slow grind higher. it wasn't like catapulting higher, squeezing a lot of shorts out. we got to 108. we found selling pressure. there were immediate buyers underneath 105 should act as support. one thing i found was interesting, uso, which tracks the wti price saw institutional buyer come in to buy straddles.

they're expecting big movement between now and september. kind of slow right now. we're not moving as much as i expected. i expected bigger movements. but in the future they're expecting more movement in the price of wti. making a bet between now and september, the price will not be where it is right now. melissa: we're looking next to you at a chart of brent. that is where we're seeing a lot of the price action, right? that is significant for folks on the east coast that is what is used to refine our gasoline. >> seems short-term top could possibly be in here for oil. see it pulling back here. there is a lot of fear priced into oil. with no resolution the price is going to go higher. we see a little pullback today. nothing significant. if i had to choose a position i would rather be long it, rather than short it. it is overbought here. we could see immediate selloff. melissa: and drew, thank you so much. >> thank you. melissa: taking it to the streets. world cup celebrations forcing highway shut downs in los angeles. it is all fun and games until someone calls the riot police. plus, hold on to your hand

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melissa: bend it like wie. the woman's u.s. open champion stopped by "fox & friends" and fox business this morning. michelle wie turning her game around with a tabletop putting strategy if you haven't seen it. sadly the golf superstar not having much luck on new york city sidewalks. she is so money. ratings for her sunday win were 89% higher than last year's final round. highest in seven years.

may have had something to do with the shorter shorts, the hair, glamour. i don't know. anyway. world cup watchers, beware of dangerous mosquitoes. a virus carried by insects prevalent in brazil. fox news's dr. manny joins us now to discuss. wow. >> it is coming to america. melissa: so they're going, can they really bring it back? >> of course they can bring it back. we had a couple cases here in new york. a couple of thousand in florida already. look, this is price you pay for globalization. this virus is a mosquito-borne virus. it gives us arthritic type inflammatory response in joints. get a low-grade fever, a lot of pain. i probably had it last summer as a matter of fact when i was in the dominican republic. a lot of people around me had it. but you know, it is self-limiting. you have a miserable pain. you have to be probably in bed three or four days. but it is like, like everything else, like vest nile virus. people very sick will probably get it worse but it is not

deadly. melissa: can only be transferred from mosquito to human or from human-to-human? >> no, no, this, you need a vector. this is a vector disease. melissa: english. >> mosquito bites you. takes the virus in the stomach. goes over to melissa, bites you again. melissa: so they bring the virus back and regular normal, new york mosquito could give you to you. >> a lot of people are saying schumer and pay attention to people sick and all that. melissa: he is saying the cdc should issue a health alert. is that too extreme? >> be aware of it. tell patients traveling in brazil. very prevalent in brazil. if you're feeling very sick go get it tested out. it is an easy test. if you do, once the infection subside, then you don't become infectious anymore. so a mosquito bit you you're not going, not like you carry it with you rest of your life. what he is saying, if you're sick, don't come back to america. stay there a little bit longer. or -- melissa: a new innovation for

professional baseball players. protected pitchers caps? have you seen this. san diego padres pitcher alex torres is first player to use one of these he look as little odd. >> a little odd. melissa: do you think his friend made fun of him or? >> maybe, maybe, yes. with the big head. melissa: how much support are these things getting? >> it was approved by the major league association because of potential head injuries. melissa: but in january, we haven't really seen it. >> it could happen. if you get a straight hit, like 85 mile-an-hour ball and can give you, could crack your skull as a matter of fact. so this protective device, like same concept for batters. they wear protective hat. they're allowed to use it. the problem with this hat it is about close to a pound. as compared to a couple of ounces in a regular cap. so the a lot of the trainers are worried that it may set them off balance a little bit and may affect the outcome. melissa: is there a way to make

it look more normal? >> you know, safety is not pretty. melissa: normal helmets look relatively normal. this looks very odd. like you stole something from the supermarket and hidden in your cap. >> you want his little brain to be safe. this is what it is all about. they're making new models. so you know, they will come up with maybe something. melissa: i hope they hurry. dr. manny, thank you so much. >> thank you. melissa: wager gains in vogue. that has job-seekers signing up to work at the gap. plus you can't code with us. google new's initiative to get more women in the game. "piles of money" coming right up. ♪. i ys say be thman with the plan

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it has the upper for 40% throughout the day, up $26 and $93.34, highest level we have seen since 2000 so what a move here today. what are they making that is making this big move? this is a treatment for cystic fibrosis. sister fibrosis is a fatal lung disease that affects 75,000 people per year. they had a drug and they have combined with another one. in late stage trials they have seen a lot of success in lung function. the success in reducing the worsening of the disease, put that together that is great news, great findings. it came down to 175,000 by doing

this combination. very costly but great results. melissa: fall into the gap indeed, the retailer and old navy seeing job applications jump by 10% from last year. this increase comes after the company announced its plans to increase our leeway as. back to discuss it is marked brennan. and more people are applying, and small businesses can't follow enough steps. >> this is a tough debate because the minimum wage is solo and they want to help the worker, not much of a big bump up for gaf, $10. gas has been struggling and labels of not been doing that great. this has going to be a test case to see how this works. >> it is not about minimum-wage but get raising its wage rate for its workers but -- >> their own free will.

melissa: more people want to work there. >> the other way is price control. price controls don't work. the government tries again and again and it won't work when raising the minimum wage. >> gap understand its customers, this is a positive message that will make people want to shop at get more. melissa: even the pope, wished everyone had decent work, it is essentials for human dignity. even the pope telling everyone first thing this morning you got to go get a job and work. what i worry about is as you raise wages, it prices some workers out of the market as labor doesn't have enough money. >> the pope is for against? melissa: the pope is for everyone getting a job and not staying home and being on entitlements. he wants ever want to have a decent job, ease into for human dignity. >> that added nothing to the sum total of human knowledge which he wants everyone to work. to doesn't? melissa: i don't know. >> the pope is not any economics business, he is in the jesus business and you wants people to love one another and be kind.

melissa: you got to be careful. >> his comment was based oil. melissa: thank you. google is trying to get more women at this conference. the companies paying for a ticket and travel expenses for 100 lucky ladies, there are so many places to go with this one. i will let you have that one. >> if you have connections at the movie studio at fox about some male cutters who put on women's close in order to get a different conference. melissa: exactly. 100 women. they want to get more women into a coating. >> and trans gender. melissa: you are going off the deep end. >> with a look for men who became women or women who became men doesn't make a difference but they are desperately needed. melissa: 30% of staff, moving past that, are women. there are not a lot of females

out there. >> they don't major engineering or computer science. melissa: how you get more women into computer science? >> u.s. 51 to do it. you don't force them like we won't force gap to wage -- raise its wage rates but don't put a gun to their head. >> like ladies night to get women in power, they're given a better price. melissa: you are weighing in on this. >> coming to clean up. >> sort of have at it. >> jo lin kent was recently at the apple conference, between the picture and the men lining up to go. there is just -- there are men in this field. >> a glaring shortfall. melissa: is google doing something clever? patronizing? that is the issue. will they offend women? liz: i don't think -- women are smart enough to know if i get --

what ever -- travel expenses and the ticket. >> what will they do to google's are o e? lorayne that? why would too in that? and -- melissa: return on equity. >> open for business, the two letter communication apps takes off. and the company could go corporate. wall street journal, to the wall street journal that geo -- yo -- yo allow notifications and alerts, you need to pick it up. or when your latte is finally ready at starbucks, simple yo with that evaluate through the crowd. the company has not had any official talks with vendors. and the two letter possibilities seem to me and list. and you can imagine -- a million

followers on twitter. you can imagine people in silicon valley tearing out their hair in frustration because they were building their own end and this is a two letter business. >> on candid camera i can't wait for the ideal. melissa: a million people downloaded the apps. just yo. yoing everyone you want. >> it has allowed us to have infinite capacity to communicate. and twitter comes down 140, what is next? grunting? melissa: i would love it if subliminal messaging, yo yo yo. thanks, guys. check out the markets. the dow continuing to lose steam. the dow ideas in the near session lows, nasdaq in the green. what do you think of this? what do you think of the market in general? >> the market is pricey relative

-- everything else looks worse. bond yields are in the toilet. what will you do others in stocks? melissa: goldman sachs says it will grind higher to 2100. two years like crazy is going to hit 2100 according to chief equity strategist at goldman sacks. everybody was talking about 17,000 and we are going further away from it. you are ready to take your cholesterol to a whole new level. we have a snack for you. chocolate fried chicken is unleashed on humanity. the world may never be the same. king james abdicates his miami for a. y lebron could be taking his toys and going home to ohio. at an end of the day it is all about money. my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you

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if you or someone you love has afib not caused by a heart valve problem... ...ask your doctor about reducing the risk of stroke with pradaxa. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. dagen: i am melissa frances with your fox business brief. spacex has delayed its rocket launch again and the next attempt won't be until july. the spaceflight firm planned to take satellites into space on june 21st. bad weather and technical problems next that and all the other attempts. alive and not kicking, plans to kick down all the u.s. stores.

the first ones announced the last of its outlets will close by the end the month, trendsetters will head to coles to get their hands on juicy bling. consumer confidence has risen to its highest level since 2008. the index of consumer attitudes to 85. that is the latest from the fox business network giving you the power to prosper.

melissa: a confection that would make colonel sanders blush. chocolate fried chicken. you can enjoy this dreamy delight at los angeles eatery. here is the genius behind it. adam fleischman. ? the exact recipe under wraps. it is not just fraud in chocolate oil. tell me about it. >> a very complex recipe, 12-24 hours, it contains chocolate and other ingredients. and contains chocolate and secret oil, not chocolate oil, non-traditional oil and cease at the end with 22 ingredients.

it is complicated. melissa: when i read about this event that comes to mind, like an ice-cream cone, that is not what it is. what does this case like? what would you compare it to? >> it tastes like happiness. what attracted me to it is a weird conceptlate fried chicken, you have to serve a product that will blow people away. this is a product you will stick with when you try it. melissa: you have white chocolate, mashed potatoes and fries with chocolate seasoning that go with it. if that isn't enough you can also get electric chocolate's mores for desert. subbing california doesn't seem like the obvious location for this. i am from setting california and fried food is not that big there.

what has the reaction been like? >> the reaction has been amazing. deeply lot of fried chicken, korean fried chicken, lots of fried chicken places are more of the fast food types, it is a round. thomas keller, the greatest chefs in california serving fried chicken, we noticed there was a craving for it and it wasn't done right in a restaurant setting. melissa: needs to add chocolate. thanks for coming on. we appreciate it. i like mashed potatoes with that, carl jr. testing a menu items called measures. you take a burger or chicken patty comment and a scoop of garlic mashed potatoes and you top it with brown gravy. currently the sandwiches are only available in southern california. what do you think of this on a scale of zero to chocolate fried chicken? where does mashed potato burger fall?

>> it is outstanding. temecula key idea? -potatoes on a burger sounds good. don't know about the chicken. >> i will take the burger. i want to eat the burger but not be seen eating the burger so why would bring it home and close the doors and pull down the shades. melissa: it looks messy anyway so i don't think you would want to eat it in public. it is good for the drive-through. >> not sure the way it fits the food pyramid. melissa: let's check with liz claman for preview of what is coming the been the next hour. liz: you were just talking before about yo. we have the ceo. the hasn't slept in 72 hours as he tries to figure out how to deal with the hacking incident for his one word apps. he found out and it was a 15-year-old kid in the d.c. area. we have them both together for the first time, a fox business exclusive. wait till you hear the story from the kid, i say at turner

just finished his sophomore year in high school. he was hired by yo. a very interesting story. we have got them both live. it will be interesting to see if the supporters still maintain once they figure out that the hacker is with yo and figuring out how to close loopholes and the ceo of red air when be on the top and bottom line but they have much more ahead as they take on big names like microsoft and oracle and the cloud, stocks of 24%, just about 20% over the past year. i take the chicken, i would. and another restaurant called smoke oil salt in l. a has a great review. melissa: it sounds more appetizing. something about it, i am sure it is delicious. party in the city where the heat is on. lebron james is now a free agent in case you hadn't heard. how much more money can they score? michael jackson is still rocking, the king of pop pulling

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melissa: if you can't stand the heat become a free agent. lebron james opting out of his contract with the miami heat. here is fox news sports analyst jim gray. thanks for joining us. how much could he end up making? >> he could make the most money by staying in miami because they have his bird rights which is in the jargon and lingo for saying they can pay him more so he can have further extension to his

contract by staying in miami and adding more years but that is not what is going on. is not about the money with lebron james staying in miami, it is about winning and he is opting out hoping dwyane wade shops out to restructure all their contracts to get more players in because when they play against the san antonio spurs they didn't have a chance to win and lebron wants to win championships so in this instance it is not about the money. melissa: i don't know if i by that because at the end of the date is always about money but let me ask you, i am only kidding. what do you think happens? where does he end of going? i say this because his wife is out betweening saying home sweet home, the countdown is real and putting up a picture of akron, ohio which is 40 minutes from cleveland. is that where they are headed? >> the countdown is returning to their home for the summer where they spend every summer. i wouldn't read more into it than that. they love akron, they love cleveland, left cleveland

several years ago but i wouldn't read anything into that. melissa: do you think there are sponsor shipping consideration? there has to be a big market to keep his sponsors really happy. you say it is not about making money for the team, it was going to be $20 million next season and a lot remaining on the contract but makes the most in endorsements. team made $53 million from sponsors. this sponsors care which market the goes to? >> i don't think so. is the greatest basketball player in the world. the sponsors care if he wins. winners love to be associated and have their products and services associated with people who are on top so lebron is the top player in the nba. i don't think the sponsors care. does it make a difference? the indiana pacers are on television as much as the miami heat because they have as good a team at least they did in the regular season. he has to go to a place where he can win. he will be on tv all the places that carry the game. i don't think it matters.

melissa: thank you so much. >> that was quick. melissa: on the streets of los angeles we had to show this video of soccer plan losing control after a mexico beat out croatia, hundreds of people taking over roads. -- riot police arrived on horseback to contr

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♪ ♪ melissa: whether it's on wall street or main street, here's who's making and losing money today, anyone with a piece of carnival. shares of the cruise operator finding it hard to stay afloat today, warning investors that bookings for the past three quarters have been running slightly behind. the stock's dropping about 1.5% today. one person seeing his wealth sink is former ceo of the miami heat mickey harrison, heat owner. he still owns around 101 million shares meaning he's lost more than $60 million since this morning. yikes! making money, music legend bob dylan. a working draft of his song, "like a rolling stone," was just

auctioned off by sotheby's for $2 million. it was written in pencil by a then-24-year-old dylan on hotel paper surrounded by doodles and birds and animals. my scribbles fetch just half that, what can i say? is worth more now than ever before, michael jackson. the king of pop has earned over $700 million in the five years from his death. that is from a motion picture, various record deals, vegas shows n. his heyday, jackson was pulling in around $100 million annually. let's get a quick check on the markets at the new york stock exchange, mark newton, what's pushing down the dow right now? >> a lot of people are disappointed we can't wear these dow 17,000 hats for a few more days, but i think bond auction results came in better than expected. one of the highest yields in over two years. you also have the capital resubmission plans were put out, so basically, a lot of it's energy, and a lot of these

energy stocks have gotten overdone. melissa: sorry to cut you off, we don't have any time. >> have fun, thank you. melissa: before you go, i wanted to say an extra special happy birthday to my fabulous mother-in-law, martha thorn, really looking forward to that cruise to celebrate. hope you're making money today, "countdown" starts right now. ♪ ♪ liz: one day up, one day down. what's the market's next move after a deluge of new economic data today including the strongest new home sales and consumer confidence numbers since 2008? does this rally move on up, or are stocks near the top? we've got your playbook. david versus goliath. red hat turning up the heat on microsoft in business software. it's already supplying 90% of fortune global 500 companies including amazon and dell, and its stock is up some 20% over the last year. ceo james whitehurst with us live on how he plans to win this fi