to belgium. they uses binge's prediction engine makes assessments on each team's previous record, weather, type of grass and home field advantage. those gamblers, cortana predicts germany and brazil move on from the quarterfinals on friday. we'll take things to "money." adam shapiro has your next hour adam? >> deirdre tomorrow you need to write a sherman tank and eat nathan's hot dog. $4,000 a pop, you can drive a tank down fifth avenue. hitting brakes on dow 17,000. traders on edge ahead of tomorrow's crucial jobs report. music icahn madonna plans to fix the bankrupt motor city. first time this year mortgage rates are lower than a year ago. why are homebuyers running from the exits. a sneaking suspicion. how one 16-year-old took his passion for shoes and, made it a huge success. because even when they say it's not it is always about money.

adam: this is upsetting news for jpmorgan's jamie dimon. he was diagnosed with throat cancer. his disease is curable but who will succeed him when it comes to that. fox business senior correspondent charlie gasparino and david dietze and a and g investment capital manager hilary kramer. i will start with charlie. i welcome all of you. charlie, you're the most connected person when it comes to these kind of things. what are you hearing from the inside? >> basically what you're reading. this is very curable form of cancer. they cat it early. i'm impressed about the way they handled situation. i covered other companies, during the early days of the financial crisis covering bear stearns, jimmy cayne almost

died at that point, people didn't know about it, from a blood infection i broke the story on cnbc at the time. they kept it quiet. this is material event ceo being sick and out of action. but i say this, jpmorgan acted fast. they found out bit. they disclosed it fully. jamie dimon is a strong guy. i seem, listen this, is not a good thing but not a tragedy. he will get through it. adam: hillary, how much longer can he remain at helm? there is small calls for replacement. who is next in line? >> jamie dimon is only 5 years old. he has created an incredible culture of loyalty and leadership. so i see jamie dimon actually staying in his role and, the oldest transparency made it seem like more than it is but i do believe that what jpmorgan has released that this is not a serious, life-threatening cancer. and remember, the way technology is today, all of this is caught early. and jamie dimon --

>> is matt zames still there? they put his name up. i don't believe he is there. that gets back to the problem. before you go to david -- adam: who is next in line. >> forget about the way they handled this, there is no succession plan. >> that is the issues david. jamie has done a great job, $20 billion in fines and 2billion off to the side for other legal settlements. that is huge pot of money. who will be able to top that? >> that's the problem. we really don't know. there has been such an outflow of talent out of the because of the banking industry. regulations and so forth, they're going to hedge fund. we don't have a clear succession plan the having said that the jamie dimon is longest tenured banking professional. adam: sure. >> he has his succession plan in his mind. they have a deep bench. i'm not worried at all. adam: let's move on of the it is hard to hear what people are saying. talk about this the march to 17,000 and the jobs report. david, what do you think, are we going to hit 17,000 tomorrow on the dow?

>> traditionally a day before any holiday is a good day. it will all depend on what the june nfp jobs report indicates. if it confirms what he heard this morning i think you have that momentum to take you through 17,000. adam: hillary, we heard what, 281,000 private sector jobs from adp. expected 312,000. adp always gets it wrong. >> they get it wrong but opposite direction. this is 35% increase over what economists were expecting adp is release. what really matters is tomorrow's jobs number, employment number. are we at 6.3%? i do believe we're going to dow 17,000. i'm looking for dow 20,000. that is how much of a bull i am. however in the short term with eful. a lot of people don't really believe we'll have tightening. they do understand that the fed is going to, to end quantitative easing. but, numbers look really good. economy really looks really strong. we could run into a problem. everyone will say wait, reality this is going to happen and market will go down. adam: jobs created in this

economy, low level and low paying jobs. >> the market likes that. the market is decoupled from the health of the economy. market likes low inflation, sort moveddest growth that allows qe to basically propel stocks with low inflation. so i think that's what the market likes. tomorrow, i can look at tomorrow two ways. if it's a strong number, the market should sell off, because you know why? adam: the fed keeps going. >> i could look at it that the market, you never know, i can't tell. david temper came out and was at a conference a couple months ago, last month and he said, this is confusing. i don't know which way to play this. adam: bullard say that they want, they're going to be much more aggressive raising rates than people expect. let's move on to something. beat up on goldman sachs simply because we can. charlie, pick it up. they're being sued, essentially pay inequality, men versus women, correct? >> yes. that's happening but you know,

listen, i don't know the details of this lawsuit. i have not studied it. this be, in issue has been going on wall street for a long time. adam: there is good ol' boy network? >> good ol' boy network. adam: to detriment of women. >> there is discrepancy of pay. there are ceos like jamie dimon take that seriously. one of the reasons ina drew was elevated -- >> she lost $6 billion. >> she lost six billion. one of the reason was elevated trusted aide to jamie, he was making that move. john mack has done it too. goldman sachs, it is interesting, one thing interesting about goldman sachs, for as liberal as lloyd blankfein and gary cohn are, they support hillary clinton where are the, where are the senior women? where are the senior women in goldman? no where. >> what it takes to be successful on wall street is 24 hours a day, seven days a week. >> women can't do that? >> when women get into the prime, prime years when you're

at your pinnacle -- adam: not every woman drops out to, quietest person who is also on wall street weigh in. is there detriment to women on wall street? >> i think there is because of commitment to hillary is talking about. hard to put in the 24/7. >> why is it goldman is outlyer in this regard? >> goldman has deep pockets. they have -- >> deep pockets has nothing to do with it. why is goldman outlyer in terms of senior women in the senior ranks? senior women in morgan stanley, bank of america. why at major banks, at jpmorgan, why is goldman an outlyer? i would like to know. this is most politically correct firm in the world. gary cohn, supporter of barack obama. why only up with that doesn't have women? >> goldman is more investment business. some of others are consumer. >> morgan stanley is very investment. >> they have a lot of asset --

>> morgan stanley is big investment bank but why is goldman an outlyer? it has to be asked. adam: that is good question. let's talk about detroit. madonna, like a prayer, what was the song? she is going to help detroit by sponsoring a boxing club. is that enough to help the motor city. >> i'm happy madonna is going back to detroit and going back to her roots. we should see bill clinton go back to arkansas. that would be the best for everyone. >> i don't know they would welcome him back. they would welcome him back. a lot of people pay attention to detroit. always good when a hometown person made good but comes back, but shouldn't she doing perhaps even more? >> we don't know. there is not enough detail to know exactly what her level, for example, of financial commitment. she is not alone. there are others coming back into detroit. so i think there is a buy low, sell high type mentality. destroy is low but still in the center of the country. it has a lot of commitment for the rest of the country to pull it up. >> to me this is another bit of

liberal hypocrisy. see the movie "roger and me." what town. >> flint, michigan. >> they had a parade in flint, michigan and interviewed conservative guy. i think we should bring back the spirit of flint. michael moore made fun of him. this is what the people need, they need jobs. this is a publicity stunt. if wasn't for politically correct madonna we call it as such. detroit needless taxes being people to start businesses and start jobs. nice she is starting a boxing club. adam: talk about general motors very quickly. new record in the united states. 39 million vehicles recalled first six months of this year. that beats, last time we had this many cars recalled was 33 million in entire year. it was years ago. hillary is general motors, are they destroying the brand reputation? their sales were up in june? >> sales were up. what they're doing, they're destroying, general motors is destroying its own company because sales are up, but this is the time not to have expenses high. and expenses for this recall and

you combine that with pension expenses -- adam: they don't have pension expenses. pension was wiped away with the bankruptcy. >> they were able to work it out but they have some expenses. adam: not nearly to the extent -- >> pensions, health care, but the problem is, this is going to be very expensive for general motors. adam: david, 39 million cars recalled is not all general motors. just half general motors. isn't at end of the day, biggest threat you walk into gm dealership, you're wondering about quality, are you not? >> you want spin it as a positive the fact of the matter is those models are no longer in production. general motors improved array of models they manufacture. low interest rates, record old fleet on the road, and, better jobs people are coming in to buy cars. adam: camaro or corvette? >> i don't know. there was once a time and place like, think about it this way. arthur andersen didn't kill anybody, right? adam: right. >> or i don't think gm purposely

killed anybody. arthur andersen aided and abetted fraud of enron. put out of the business, 18,000 jobs. >> reason why gm will survive. arthur andersen they don't get rid of jobs. they should be put out of business this is bad stuff. >> maybe this is good stuff. er remember hearing about the 30,000 bitcoin auction? one guy, venture capitalist, tim draper, owner of silk road bitcoin. haven't told us how much they got. hillary, shouldn't there be transparency? shouldn't we know how much draper paid for this. >> the names bidding initially leaked out. the answer here, they don't want to tell us because bid ask between what the market is looking at in $600 range versus the $400 range is telling us that the smart money knows we're not ready for bitcoin. adam: david, does the smart money know that? >> well, i think the smart money is staying clear generally. we need a virtual currency.

we need something international. we need more privacy. i'm not sure it will be bitcoin. adam: charlie you're -- >> i have no -- adam: on that bit world, bit rhymes with, we'll leave it with that. so much for a dry 4th ofjuly. tropical storm arthur heats up along the coast and we'll wonder if melissa will go on disney cruise she was heading out on and excited about. >> she actually didn't want to go, you knew that? adam: got the kid. you have to take them. unfazed about his complaints about recent executive order, president obama, gives republicans an offer that speaker boehner just can't refuse. will they take the bait? we have more "money" coming up. ♪

adam: schoolyard taunts flying in d.c. over use of executive orders. president obama doubling down on his promise to act without congress and throwing down the gauntlet to speaker john boehner. >> middle class families can't wait for republicans in congress

to do stuff. so sue me. as long as they're doing nothing i'm not going to apologize for trying to do something. adam: sounds like nathan detroit from "guys & dolls." sue me, what can you do me? sue me comment refer referencing boehner's plan to bring a lawsuit against the president. capitalist hedge fund manager and fox news contributor, jonathan hoenig and charlie gasparino back. he not issued as many executive order as bill clinton and other presidents. is bill is right to be critical of the -- >> the comments were not exactly flipping the bird to congress but pretty close. people wonder why there is toxic environment in congress and why nothing can get done twine the two parties. it is not the executive orders that obama issued, the size of them, the scope of them and the

fact they run directly contrary to what congress wants to do. look, we have three branches of government. the one other thing i would say is, you know, it seems like just yesterday that democrats in congress were calling george bush an imperial president. sounds to me like we've got a pretty imperial president right now. adam: jonathan, three branches, of government and obama administration, me, myself around i? >> considering obama handed such recent sounding defeats from judicial branch i'm sort of surprised inviting legislative branch in his words to sue me. it reeks quite a bit of lawlessness from the president. his belief for middle class whoever he specifically wants to help, he can go around the other branches that make our government literally work. now i will say from a political, moving to an economic perspective it is that uncertainty. who can invest in economy with -- >> let me make one point. this is horrendous politics on the part of john boehner. adam: it is, you're right.

>> i don't care what anybody says. the president looks presidential right now. he is saying i will fight for you. some of these issues are very technical, although, boehner might be on very strong legal ground. i think he is. i'm not a lawyer but i read a little bit about it. it's a political loser. the president looks presidential. if you're boehner you don't want to get into a shouting match. adam: you're not a lawyer but play one on tv. new fund-raising numbers make it harder for hillary clinton populist, "the wall street journal" reporting that the clintons raked in more than a billion dollars. i say that one billion dollars from u.s. companies in the past two decades. more than 200 million coming from wall street. donations to -- and to their campaigns. >> to their campaigns. adam: can she run if she should run for president? should she run on beating up on wall street? >> i don't think so. her closest. look who loves hillary out there in business world? adam: upper west side. >> larry fink who wants to be her treasury secretary. adam: blankfein. >> lloyd blankfein head of

goldman sachs and gary cohn number two. coy go down the list. they're all over the place. that being said, hillary clinton has incredible pr emergency. called the main stream media. whoever the republicans put up there as she is the for the little guy. adam: should we be asking this question? she was broke when she left the white house. >> she was so poor. you know, look, the answer to your question whether hillary can run given this money machine is hell yes! this is the greatest money machine in the history of american politics. they are the, the clintons, love them or hate them, they're the greatest fund-raisers in history. most people don't understand that they get more money from corporate america and wall street than any republican did including mitt romney. >> and that, they represent what i believe to be fascism. merging of private sector and public sector. the clintons, politics is their business. they're professional politicians. did they make that? well they made it -- adam: got to move on, guys. >> they were practicing this

stuff back in arkansas, if you look at some of the stuff that went on back there, hey, she made a lot of money on her beef investments. that will come up in election. real quick, jonathan i want to throw this one at you. our friend in house ethics committee, best congress money can buy has done something really terrific. this is quiet back-room deal. congress is no longer required to report pricey trips paid for by lobbyists or special interests. in other words so-and-so lobby can take so-and-so congress member without telling anybody on really nice trip to say london or vegas. what do you think of that? >> the problem, adam, isn't the lobbyists or the trips. the problem is the power that is given to government to manipulate these industries, participate, to control these industries. if government properly didn't have that power you wouldn't need lobbyists. you can't blame companies trying to represent their interests when government is using their guns, not against criminals but against business people trying to make a buck. less interference from

government you get rid of money. >> just at a time i didn't think congress approval rating couldn't get any lower, they found a way to do it. adam: like interest rates. steve, thank you very much. jonathan, thank you very much. see everybody late every on. the red flag that could crush the housing recovery. plus a hot-air balloon, that takes you to the edge of space. after all it is final tourism frontier. do you ever have too much money? you need it to ride this thing. ♪ really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. introducing at&t mobile share value plans... ...with our best-ever pricing for business.

adam: tomorrow's crucial jobs report was moved up to the holiday shortened week. we go to nicole petallides on floor of new york stock exchange. you're watching harley-davidson.

what else do you have for us? >> now quite dow 17,000. we were point 1/2. today up 12 points on the dow. we're watching harley-davidson and go pro. maybe would like both of those. harley-davidson down 3%. got a downgrade from raymond james. harley working hard to scoop up young people not normal buyers. they say normal buyers are the male white baby boomers. trying to appeal to smaller, lighter models to women, minority, young people. also having much working on electric motorcycle. gopro profit-taking. shorts are getting involved. stock doubled. up almost 50 buck as the one point ant now to $43. down 12%. back to you. adam: nicole petallides, thank you very much. boldly going where no tourist gone before. one company is working on luxury hot-air balloon that than take customers 20 miles above the surface of the earth. here is now ceo of world view.

jane pointer joining us. this is really the edge of space. you would be high enough that out of the window of the gondola, you could see the curvature of the earth? >> yeah, that's right. we want to take people up to see the incredible view of our planet as a ball, hanging in blankness of the space. as now only view astronauts have had and i for one would like to see it. adam. many of us would like to see it. three a.m. on the black train in manhattan, you can get a view of black void, it is so dark it tunnels. the balloon, $75,000 a ride. is it pressurized or do you wear a spacesuit or same as australian adventurer who parachuted out from 12 miles or 24. >> you don't. we're trying to make this truly a luxury experience. if you get on commercial air plight and walk into first class you can get on to ours.

be able to get on very comfortably. be in your street clothes. no training. really no medical requirements. so you get into the capsule and perhaps you're handed your beverage of choice and off you go, drifting up above 99% of the earth's atmosphere. adam: six passengers and two crewmembers? when is potential first flight with actual paying customers take place? >> we're planning to start commercial flights around the end of 2016. so we're in testing now. adam: all right. jane, i appreciate you're being here. we can tell richard branson, there is lot less expensive and even more fun because you can bring cocktails up with you. all the best to you and good luck with the venture. >> thank you so much. adam: rainy 4th ofjuly could mean a big boom at box office. when it comes to summer flicks, can ladies take on top hits like "transformers". buy a apartment and get a

tesla. for 6 million bucks for anyone trying to settle down in a nice condo. more "money" coming up. ♪ [ male announcer ] some come here to build something smarter. ♪ some come here to build something stronger. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thing we do best. ♪ [ female announcer ] we love our smartphones. and now telcos using hp big data solutions are feeling the love, too.

by offering things like on-the-spot data upgrades -- an idea that reduced overcharge complaints by 98%. no matter how fast your business needs to adapt, if hp big data solutions can keep wireless customers smiling, imagine what they can do for yours. make it matter.

became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. a research tool on thinkorswim. when folks think about wthey 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. untracked, 17,000. we are keeping a close eye on it ever since it came dangerously close yesterday. let's go to the cme. you think this could happen tomorrow or next week for the week after? >> it has a strong chance of happening tomorrow depending on the payroll number. a pretty good reason not to push 317,000, such a big economic relief coming out over a holiday shortened week so it is not something i necessarily and

guaranteeing for tomorrow. we are going to reach it. the concern is what bothers me, whether it is significant or not. >> when you say we're going to reach it the 3-year-old reaching for their cookies, are we reaching too far too soon. the fundamentals don't propel this. >> it is 3.4% on the year. if we get 17,000 for the dow i don't see that as significant in any way, shape or form. whether the fundamentals deem it or not i would argue we are not trading on fundamentals. part of the reason last week for the week before gdp number didn't matter because the rally didn't come from gdp became from easy money. the easy money is remaining in place for the tapering and that could stop or change at the next meeting. >> a lot of companies are buying back shares and to cares about revenue and sales?

we got to end it there. there will be more to talk about when we hit 17,000 but let's move to mortgage applications barely making a move. the mortgage banking association report a slight dip in volume from last week. lower rates are not helping the market. here to answer those questions, cheryl casone, associate prof. marcus brennan and hillary kramer. interest rates now are lower than they were a year ago and this is when i walked in. year-ago. is there a disconnect? >> in this real-estate market certainly but with mortgage rates you may have a lower rate but you have prices and in some cities talking bobble territory particularly. that is the big discussion happening whether it is on the west coast or new york and we got a big report about rent across the country ballooning so do you have prices jumping too hy? pricing young buyers out of a

market? those first-time home buyers, even though they got interest rates than coming in to buy, lending standards are happening out there so the market while it is hot the interest rates are low, we are seeing us negative dynamic. >> real-estate home price escalation, rent escalation but we don't have wage escalation. that is interesting in our economy. when you see these numbers and home prices are rising and demand is out there, it is really investors. >> 30 years, and we have the labor force participation rate at historic lows, millennial blacks living on their parents couch with $250,000 in student loan debt. this is not going to start at housing boom. adam: let me play the counter point. a lot of participation rates, janet yellen said there is a

natural progression of people retiring, 250,000 student debt, most people graduating from college have student debt but not nearly -- but we don't have household creation and yet rents are going up, not just new york city or san francisco but across the country. >> rates are going up. they are dripping into renting because those people cannot buy homes, cannot qualify, don't have a down payment, banks have become very stringent about it and when you hear prices rising remember it is cute. just have a few billionaires in new york city pay $60 million for a home and the average perk is up 30%. >> the wages are the big problem. we have seen a complete shift in the wage dynamics in this country. >> not just wall street or finance or the professions we

look at medical, dental, lawyers, all across the board people are not making the money they did before 2008-2009. >> a different housing market right now, the upscale neighborhood. park slope is in brooklyn bridge developers offering a free tesla models to anybody willing to snap up and all from modern -- my brother does not have one of those. the car is worth 80 grant with $10,000 of at ons like a glass roof and stereo system and a light in the glove compartment is the apartment itself is not that bad. 3200 feet with -- square feet with a two story private courtyard for $6 million. is a bargain. we have seen this kind of thing before. cheryl: we agreed there yesterday. fox business was at this exact condo. we were with tom barren, the developer who built this green

home. adding a $60,000 car to the mix, $6 million, that is to thousand dollars per square foot that he wants to get this condo. it would be a record in brooklyn. >> the tesla is the brooklyn of the 21st century. >> family and friends and mom and dad and relatives, brickland. is it another way and see? >> you can't -- cheryl: the reason he is offering the test is it is a green zone out of brownstone because tom believes the energy efficient windows, radiant heat in the floors and all of that, the building of the future. >> electricity powering the car. >> my brother loves his tesla. i know you love your tesla and as for the brooklyn google, you got to hear this song. was a record they put out in the

70s. cheryl: i am filling in at 3:00 p.m. "countdown to the closing bell," a couple great guests, we will have christine l. warren joining me talking about the amazon fire phone, the smart phone. is it worth $200. she says not so fast on amazon and also this will be funny. you know me and food. >> i know you and line. cheryl: carlos is the ceo, president -- coming on to talk about july no. the line segment is later. adam: another wait and see. let the yankees tried and hope they buy it. get ready because it could be a wet one. tropical storm arthur brewing up a storm in time to rain on your fourth and july parade. at an end of the date is all about money and keeping it in your pocket as well as dry.

adam: time for your fox business brief, google is buying the music service to take on apple's playlist mattingly user's mood, technologies and even the weather. google plans no changes for songs but will try to integrate into its play music service.

child car seat maker is recalling 2 million of its products because of a faulty -- the flaw could make it difficul. the new rubbermaid company recalled 4 million earlier this year. mcdonald's and kfc lagging far behind smaller fast-food rivals. the new survey ranks in and out as the best burger while chick fil-a was voted the best place for chicken. that is the latest from fox business network giving you the power to prosper.

adam: arthur, the first named tropical storm raising of the east coast. libya what fourth of july? we go to janice dean, you were worried about this yesterday. still worried? >> we were talking about our fourth of july plans. across the southeast, the mid-atlantic they will have to watch this developing system as we think it will become a hurricane in the next 12-24 hours. starting to see showers and thunderstorms wrapping around the center, a strengthening system. in new adviser and a new track at 5:00 p.m. but as it stands right now becoming a hurricane by thursday, making landfall very close to cape hatteras as perhaps a category 1 or even a category 2 storm.

strong winds, heavy rain and storm surge as well ended will eventually veer off the northeast coast but folks across portions of cape cod and the islands and nova scotia need to monitor this system and we will get some defects. this is one of our computer models we are watching carefully as it hugs the southeast coast line towards cape hatteras, the outer banks. this model indicates a strong category i, a category ii storm, this is friday overnight making landfall and very close to the coastline so all interests along the eastern seaboard need to be monitoring this. we will be watching it from the fox news extreme weather center. adam: thank you very much. of it does rain go to the movies. is a battle at the box office. melissa mccarty's star vehicle against transformers. here to discuss all this is the senior editor at in touch weekly. i guess thank you for joining us but it is usually this time of year we get over the top macho

guy flicks, not the case this july 4th holiday. >> no. it is interesting. usual you are right, july 4th to get all the tent pole movies, big blockbuster movies, action packed movies but instead melissa mccarthy with tandy being the big opening for july 4th weekend. interesting that it is a comedy, a female driven comedy, we are seeing a lot more female moviegoers because that is what is driving the box office and a lot of ways and already we know that well as night, tuesday night, $1.3 million already, didn't get great reviews but is expected to make $45 million for the weekend which is cheap. adam: she road this movie with her husband. critics never liked her movies but the four movies he has had past couple years earned an excess of $650 million so to heck with the critics. >> exactly, exactly. she is someone who drives the box office. people want to see her. if you have driven around and

seen posters, it is basically melissa mccarty, a picture of her, nothing else about the movie. it is about a woman who gets fired from her job and has a philandering husband and get into all sorts of mishaps that it is about her brand of humor. people love her tumor. identity theft, exactly. adam: she had me in bridesmaid. she steals the show. the transformers. this keeps going on and on like the eveready bunny. >> exactly, huge box office, $100 million approximately. it starred mark wallburg, it is driving the box office this summer. movies like this and x men and captain america, spider-man. the best movie of angelina jolie's career has made 500 million worldwide. the best movie of her career which is pretty impressive.

people would have seen it but it is about angelina jolie. people went to see her in this movie. adam: $500 million. what have i done with my life? congratulations and thank you for joining us. when you have no more bowls to sell, it is time to start reading your closet for your coolest kicks. and entrepreneur is pawning off some of the priciest things you can get your feet into and best of all he is just a teenager. he will be very wealthy. you can never have too much money. [ male announcer ] if you're taking multiple medications,

does your mouth often feel dry? a dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. that's why there's biotene. available as an oral rinse, toothpaste, spray or gel, biotene can provide soothing relief, and it helps keep your mouth healthy, too. remember, while your medication is doing you good, a dry mouth isn't. biotene -- for people who suffer from dry mouth.

adam: a teenage entrepreneur putting his best foot forward creating the first pawnshop for

high end sneakers and we are talking about your father's reeboks. they're fetching prices in the thousands of dollars and providing valuable loans for the people pawning them. chase reid joins me along with his father and you have examples of some of the products people of brought in and you might wind up selling. how much are these? >> we range from $300 to $1,000 sneakers and these at the most high end sneakers we have in the store. these are charity sneakers and these -- adam: the idea for this came when you wanted to borrow money from your dad as he would hold the sneakers and repaid them back. who said we should start upon shot? >> i came up with the idea to start a pawnshop. i keep on giving you my sneakers that you're holding them until i get the money. i don't even have a job. so why not open up the store?

it made me think how many people in the world would be willing to upon their sneakers? adam: you are very proud of your son. he has sold 200 pairs of sneakers to get the seed money? are you impressed with the success? >> yes. they just are bombarding the door. so much at this point we have to find an investor just to expand this business because so many people -- neil: the wall street? are you listening? venture-capital lists? dierdre bolton, ultimate investment. is this the kind of thing you could franchise? >> definitely. not only something in new york, i would say new york as one of the biggest markets in it but you go to california, even in the u.k. or australia or everywhere. >> we have people calling from mexico, australia, china, the u.k. everywhere, as them to put

a sneaker pawn in their cities. adam: i paid $25. this right here comes from germany and it is $1,000. >> this is $500 to 6 and the dollars depending on the size. adam: if someone comes in to buy it, the actual owner of pawn did get deeper sealed and keep 20%. >> these are sneakers that we bought on sale the customer can come in and find the sneaker beings that usually upon and somebody wanting to keep their sneaker. adam: sneaker pawn is the name of the company, continued success, this is amazing and hopefully someone out there who wants to make a buck is watching. thank you for joining us. presidential growing, america decided what it really wants at the barbecue pit. it is the fourth of july. find out, at the end of the day it is all about a good barbecue. 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. really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line anytime for 15 bucks a month. low dues... great terms... let's close. introducing at&t mobile share value plans...

...with our best-ever pricing for business.

you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. .. "blather with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. fine barbeque good times and you knozero heartburn.merica, and apply online. ♪ and that's why i take prilosec otc each morning for my frequent heartburn. because it gives me zero heartburn... annc: prilosec otc ahh... annc: the number one doctor recommended frequent heartburn medicine for nine straight years...

you can't beat zero heartburn... annc: prilosec otc one pill each morning 24 hours zero heartburn. ♪ via. >> endo of beverage break through. the beer slushy machine. greatest invention? could we do it on our own? >> only osce. struggling to put food on the table. western countries, japan, america coming up with tremendous innovation. >> hold on.

ibm as selling hot sauce. supercomputer is whipping up are you ready for a robot to take over the globe? >> not in this case. i don't mind if they go up against each other. but i don't think that this really makes any sense. taste and flavor is very regional, local. you have ecuadorian sabah, does that have been hearing in it? and so taking all of those does not really account for that regionalization. you do have food science. people study that. some people are going to try to emulate it. but i would say i would stay away from anything that tangible adam: what about this, the fourth of july, all about grilling. according to a reasonable 28 percent of americans would invite bill clinton to their

fourth of july barbecue. that is nearly double the 16% to would welcome president obama. which former president would you share a border with? >> president taft. he loved to eat. he was really big. he got stuck in his bathtub. he loved dinners and big events. and spicing up. >> often would be blessed. crowing about their own accomplishments. i would pick calvin coolidge. alas jeffersonian presidents. >> you need a drillmaster. adam: ten seconds, your ultimate barbecue guest for the fourth of july. >> i no rand, of course. adam: how about someone alive. >> you. let's grill out.

adam: all right. thank you very much for joining us. i hope you are making money today. if you are not you could be asleep. countdown starts right now. ♪ >> they go on a hiring splurge in june. 281,000 jobs. what does this tell us about tomorrow's jobs report? a fourth of july fireworks display. amazon fizzles. cool finds its rhythm. how these are diversifying, latest offerings will impact the bottom line and whether they can win over skeptical investors. many of us who try to cool down any way we can. hopes to make it all natural. we will see what is next when we sit down and ceo. of very cool "countdown to the closing bell" starts right now.