dow down 111 points. cheryl: you said it. that is the headline of the day as bells ring on wall street. rough day for the markets. moving further away from that dow 17,000. down 114 points. the numbers are settling, as you can see down 114. the session low was 150. you know what? we'll take this for now. nasdaq, really, really the story of the day. a lot of big tech names came in nasdaq. two days in a row for nasdaq to the downside. small caps. russell 2000. small caps had a bad day. it is a good day though. right now "after the bell." adam: here we go. we want to break down today's action. we have got lance roberts, sta wealth management ceo and chief strategist with three picks to to your portfolio. oliver porsche, gary goldberg will tell us why he is still

bullish on stock. larry shover in the pitts of cme let's start with you. a lot of people saying year-and-a-half correction, correction. is the beginning of it. >> i don't think so. this is misplaced hysteria. the old tired phrases come back. we're overvalued. we're overbought. earnings season will be terrible the fed will tighten. europe stock market will drag us down of the et cetera. there is so much negativity. i need a new excuse why we'll have correction. sure, we could consolidate and digest. we should. we rallied 100 points from the beginning of may or middle of may six weeks ago. this is healthy. i do believe behind me a lot of misplaced hysteria. cheryl: oliver, we've had this discussion several times. there seems to be a business of a disconnect between economic activity we're getting in and economic numbers, particularly reading on first quarter gdp and market disconnect.

do you think we're still not trading in reality? >> we're trading in expectation. that is what the market always does. forward-looking mechanism. we're expecting strong second quarter gdp numbers. we're expecting strong second-quarter earnings. very optimistic in terms of analysis they're doing. so we're looking at pretty strong second quarter and good third quarter activity. let's not forget, historically speaking, midterm election year, second half of the year very strong for equities. that is the wind at our back. adam: lance, i will bring you into this. answer larry's question about misplaced hysteria. one word, revenue. will we get earnings and will companies finally fest up to the fact they don't have sales because you don't see rebounding in consumer spending? >> from an economic standpoint, consumer spending remains weak. revenue growth in the first quarter, actually down over last quarter. you seed to see the top line revenue numbers start to come back here. cheryl: oliver, as we get ready

for earnings season to kick off and waiting for alcoa numbers. we have big debate, that numbers have to be there. that these numbers can no longer use a rough winter to make excuses for not making profits. >> absolutely. put that into perspective. we'll get aloe today. we're not particularly bullish on alcoa or earnings for alcoa. investors shouldn't get sidetracked by one numb birth. you have to look what happens over next two to three weeks. if the overall trend line is positive. we've seen very little in terms of downward revisions for third and fourth quarter earnings. we have positive momentum. you see strong earnings. companies have to deliver. that is what we'll look at. let's not forget a little bit of a pullback today and yesterday. less than 1% off all-time highs. let's not panic. adam:less les if we wait for pull back where do you come back in the market. >> that is kind of thing here. we talk about buying stocks, hard to talk about buying here.

we're less than off 1% clip of all-time highs. that is not a great place to say, go ahead and boy. i like proctor & gamble and clorox throwing off 3% dividend yield. it protects against decline in the markets. in regards to what larry said earlier, markets doing very well here. adam: i have to hold you right there. got to hold you right there, lance, because we've potashly webster with alcoa earnings. what do we have, ashley. >> earnings per share at 18 cents. estimate was for 12. 5.8 billion. the estimate was for 5.66. a beast on top and bottom. of course this is company that is trying to get away from the provider of raw materials and more into a higher-end aerospace business. they do see aerospace business picking up on high-end which they predicted back in april. so these are decent numbers from alcoa, whether you think this is bellwether or not.

adam: it is a beat on revenue. larry shover, we say beat on revenue and this is good to start. this is good beat for alcoa. it really is. aluminum continues to trade above the cost curve. gets away from lme index. that is helpful for company like alcoa that depends for that on 75% of the revenue. the downside to that, inventories are building as we speak. deficits are shrinking. beside that, china is producing a ton of aluminum right now. so we'll see what happens. cheryl: also, larry, one of the things we've seen in particular, done it again, eight out of last 11, nine out of last 10, we've seen alcoa beat analyst estimates. we try not to put too much weight in alcoa, because it is not quite the bellwether it used to be but this is the story we need to see for earnings, larry. >> absolutely. it is 120-year-old company. it is no the a bellwether per se but it is a material company.

75% derived from aluminum. this is great story. doing a good job cutting down and becoming a lot more efficient especially with the smelting operations. adam: let's move on to bring oliver back in. you think s&p 500, could hit 2050 by end of the year. where are you going to hilt your money in anticipation of that? >> we look at market right now, we're finding value in stocks that underperformed and trailed s&p over last 12 months. we're looking a companies like verizon and at&t. rock solid balance sheets. great dividend and upside. they're making smart strategic moves. we like those two. cvs caremark and pepsi are another two names. our theme and our portfolios is quality, quality, quality and whenever possible companies that raise their dividend over time. cheryl: speaking of dividend players, lance you like schlumbergers of world, proctor & gamble. tell me how you're feeling about the sectors as well right now. >> one of the areas, i like energy sector as well as simply where energy prices are trading right now.

oil stocks are doing extremely will. the demand for energy is still increasing at this point. like utility side of balance sheet as well. we'll have very hot summer. we're moving into hurricane season. those typically tend to play well for utility companies and get safety of dividend yield as well. i think this is great place to put money to hedge your portfolio against risk. adam: lance, when i hear you and oliver talking about dividend and dividend yield i hear defensive moves. neither of you are talking about financials. are you concerned we'll get some kind of a surprise as we get deep into earnings season? >> there is a lot of risk with the financials still. we've done a lot of stuff in terms of trying to balance these banks in terms of, getting rid of rule 157, mark-to-market accounting. the clarity of those balance sheets still aren't really strong and with the fed now pulling out liquidity and moving away from qe, that will hamper some of the trade that generates income for banks. they have to move back to actual banking this goes back to the consumer. i don't think is that strong and

i don't like banks here. cheryl: oliver, before we let all of you go, oliver, as we look at another three-year treasury auction today. gold trending a little bit lower. what about alternative invests as well? >> we are strong believers in alternative invests. as you know, cheryl, we run a mutual fund, d to d defensive fund and we have 15% commodity exposure. you want to be broad based. you don't want to speck late on any particular commodity. that is where the risk is. exposure to commodities, agriculture, precious metals, base metals, energy makes a whole lot of sense in this environment because over next two years interest rates will rise slowly. that will be favorable for the commodities space overall. adam: that is last word. lance, all three of you thank you very much. >> thank you. cheryl: earnings season -- adam: off to a good start. cheryl: $7.4 billion. that was negative impact of

currency volatility on first-quarter earnings for this year. we'll tell you who could get hit for the quarter we're talking about. who could come out unscathed. adam: it appears investors love their etfs. inflows topping 73 so far this year. where did investors put money to work and where is their cash headed next? cheryl: one big wall street firm has five stocks it thinks it could gain more than 30% next quarter. we have names for you of course. adam: it appears apple may have solved biggest problem for cell phone users, cracked and broken screens. we'll tell you how to save a couple hundred bucks because it won't happen again. ♪

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adam: we are in earnings season. shares of alcoa climbing in after-hours trading follow its second-quarter earnings beat. cheryl: let's head back to nicole petallides on floor of new york stock exchange. nicole? >> we're watching alcoa here, moving to the upside here in the after-hours. the aluminum maker swings to a second quarter profit. the earnings per share coming in at 18 cents, beating analyst estimates of 12 cents. bid ask $15 range. closed at 14.85. we're watching alcoa here moving to upside. by the way revenue coming in at 5.84 billion. also exceeding those estimates

of 5.66 billion. so beating on both top and bottom lines. we look at alcoa, it is driven by sleep in engineered products. primary metals business. also as aluminum prices stabilize they have been expanding in other areas including higher growth markets such as aerospace. we spoken about the fact that aluminum-maker alcoa recently agreed to purchase uk arrow components maker firth rings son. that was 2.5 billion in stock and cash. that is helping future guidance for alcoa and projecting 2014 aerospace growth of 8 to 9%. it is worth noting about the deficit increase, global aluminum deficit increasing and surplus shrinking. basically, simple supply and demand we all studied back in college. back to you. cheryl: thank you, nicole. s&p futures closing right now. let's head back to larry shover in the pits of the cme.

larry. >> thank you. valuation expansion is the name of the game right now. how much higher will investors push p-e ratios? consensus is $150 a share for s&p 500 in 2015 that. would assume 8 1/2% growth rate. can we get there in we'll see. that might keep market in check. participation rate is still too low. fdp seems not to be flag or getting escape velocity and capital spending continues to be tepid that. are things trader are worried about keeping market in check right now. cheryl: larry shover in the cme. larry, thank you very much. adam. currency swings are taking a bite out of companies in north america and europe to the tune of 7.4 billion bucks in first quarter alone. that is according to fire apps that advises clients and make software to avoid impact of

currencies volatility. cheryl: which have the fire app ceo on. always great to have you on to talk about how companies are affected by currency changes. as we're going into earnings, give me a snapshot kind of where we are right now in the currency markets on a global basis. are you worried about companies getting hit with currency fluctuations for this earnings quarter? >> i think good news is, that in general the u.s. corporates are going to be less hit in this earnings season than they have in the previous season and what we expect in q3 and q4. volatility has been low. you came out with alcoa release. we did not expect them to be impacted by currencies the way they had been in the past. the reason then, you're looking at investor point of view what are companies really understanding their currencies and managing it? which ones are not? which one will get lucky like alcoa did this quarter. they didn't have australia impacting them. they didn't have canada impacting them as much as

historically. companies significantly impacted but more so in europe right now as you're seeing it. adam: wolfgang, let's talk about that. cheryl in the 3:00 hour had great example of adidas, and nike. nike seems to manage their currency exposure very well whereas adidas doesn't do it so well. correct me on the pronunciation? how do you actually say night adidas. adam: german should know that one, right? >> adidas is actually a great example of that. they really didn't manage the russian ruble exposure very well. from what it looks like they didn't understand that exposure, didn't have right visibility towards it and they actually came out and had to significantly adjust their earnings. now, they said hopefully we'll make up for this in brazil. nike on the other hand, good visibility. still resume for improvement but they're doing a good job. not asking of a surprise. adidas obviously was competing with it, a big problem. take that as an example. if you're selling a pair of

shoes into russia and you're expecting to get $100 for it but the ruble goes down 40%, you all of sudden only getting $60, that is obviously $40 you wish you would have had. if you manage that properly. you would have had $100. that now you only have $60. that impacts out cash, debt covenants and cost of capital. it is real. not just earnings per share. margins, it really affects cash holdings and therefore your debt rating. >> we had a guest on last week. you know what he said? the currency markets are basically at a standstill because of the world cup. like having super bowl for entire month in this country. nobody is working during super bowl sunday. i'm curious if you see that in the currency market? do you agree with his assessment there is stoppage, if you will of currency trading? >> i think it is definitely slowed down. you are in a doledrum. you're hitting quarter of a century lows on the volatility, but, not on uncertainty. so i agree there is a

standstill. i spent two out of four weeks in europe. tell you when there is soccer game on you can be on freeways there is nobody there it does really shut down. it does reduce volatility. you will see it again. that is what companies and what investors need to be careful of. it is going to come again. adam: we've got from "the wall street journal" this problem for the u.s. companies in the first quarter, amounted to a loss of $60 million. for european countries, 323 million because of currency swings. which companies in the united states might i want to be leery of right now because they're not managing their currency swings so far? >> i'm always a little bit careful with those examples, especially in q2. you didn't have as much of a volatility impact. but in that "wall street journal" article, for example, they mentioned teleperform ma out of trans. significant impact. the cfo says we had poor visibility to currency volatility. therefore we didn't know how to manage that and we anticipate that in the future.

savoy, another company mentioned in there. then companies like erickson. i like to talk about the good and bad. ed good is ericksons in sweden and googles, mercks, they have this under control and understand visibility. investors need to ask, what are the expansion plans. s&p 500 has more than 50% of revenues abroad. how good are they managing that. what risk are they willing to take. they look at that in three areas. look on annual report in item 7-a. very well-exposed. typically has to and report in item 3. and look at currency calls and go in the transcripts search for foreign or currency, quickly get a good idea how good they are managing that risk. cheryl: wolfgang, always good to talk to you. impactful part of earnings. you're great at bringing that to our attention. we got to talk a little soccer with you. wolfgang, thank you very much. adam: go germany.

cheryl: i knew you were going to do that. probably growing to win. the senate looks for transparency on controversial issue of high frequency trading and so-called dark pools. we'll tell you what executives had to say at this hearing coming up in a moment. adam: investors simply can't get enough of exchange traded fund. we break down record-breaking inflows and show you where the smart money is going. cheryl: working over time what is likely to replace apple's iphone 5s. coming up we'll tell you about a new iphone 6 leak that has got entire tech world talking. ♪

cheryl: time for a quick speed read of some of the day's other headlines, five stories, one minute. first up, number of businesses raising their prices is soaring. that percentage of owners boosting costs increased to 14% in june from 12% in may. crumb ans the bake shop, oh, it closes all of its 48 stores across 10 states. i'm so depressed of the shop which first opened 11 years ago, went public in 2011 has been suffering as cupcake boom deflated and we're going for cronuts. rolls-royce cars reporting record sales, adam. there you go. adam: had one out here the other day. cheryl: look at that, first half of the year compared to same period. good for that. minnesota twins stadium is rolling out self-serve beer machines of the new stations

will let fans for themselves the size of brew they want. four beers to choose from with per ounce pricing. okay. british scientists identified a set of 10 proteins in the blood that can predict alzheimer's. this is important step to developing a test for the disease. that is today's "speed read." self-serve beer buzz buzz. adam: heck after beer. cheryl: do you want self sorryserve beer? adam: yes in a rolls royce. what can be done to level playing field between high frequency traders and us. cheryl: peter barnes in washington with details on hearings this morning. >> cheryl, adam, managers calling for reforms to stock trading rules. comments coming in light of criticism by author michael lewis who charged in his recent book "flash boys," that high speed trading rigs stock market against average investors giving

traders split second jumps on market date between exchanges in chicago and new york. with public confidence in markets tanking and regulators supporting reforms, executives were generally united calling for simpler, more transparent stock trading but none of the executives called for outright banning high speed trading as some critics have. >> somebody needs to keep the market in chicago in line with the market in new york. and that is done by high frequency trading firms, who literally buy and sell 500 stocks when the futures move in price. >> witnesses agreed that high speed trading has helped to reduce costs and stock price spreads for investors. some executives warned against major changes that might jeopardize some of those benefits. but analysts at kbd doubt that congress will unveil any new legislation on computerized trading. this was more of an oversight hearing today. that lawmakers will defer for now, to regulators to make any

fixes. adam and cheryl? adam: peter barnes, thank you. cheryl: thank you, peter. investors appear to be in love with exchange traded funds with inflows hitting almost $74 billion this year. where are investors placing their bets now? where will the money flow next? adam: from makeup to vacuums to shoes. you can find just about anything on the shopping network hsn. soon you will be able to find variety shows, concerts and big partnerships with names like disney. why the change? coming up, we talk exclusively to hsn's new president bill brand about how he is planning to shake things up at the network. ♪

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>> we need to bring your attention to the container store, the company's thinking in after-hours, fauna must a percent. they missed estimates, come he reported a loss of 7 cents a share and a kind of echoes with lance roberts was seen at the top of the show, which is do not expect a rebound in consumer spending. cheryl: too much pressure on the consumer with wages and job growth. we wanted to bring your attention to the container store and with that market reaching record highs many stocks really were not

cheap. you can't say that, but for investors looking for a bargain goldman sachs but at eight list of 40 stocks that are undervalued and have the potential to increase prices as much as 50%. here the top five, a streaming video service netflix comes in at number five. goldman says the stock has upside target and nearly 34%. its shares has doubled over the past year. the most other-- undervalued stock is-- it is seen short interest falls in that firm believes it can rally more than 30%%. next on the list,-- number two in this we got hammered with delta airlines. they are saying upside potential and openly that the percent as delta reported an increase in consult a passion or revenue of the board have percent and the most undervalued stock of the market michael kors. this thing has taken off since the ipo and they are seen as undervalued.

shares falling making the namesake of the company a billionaire. 51.2%. adam: one word for goldman, abacus. remember the abacus is all i will say. new line michael kors, i might be on board with that one. adam: all right. by the end of last year investors put more than $190 billion in etf's, but this year inflows are already shattering last year's numbers. at the halfway mark etf's has seen inflows of almost 74 billion versus just about 68 billion at this time last year. cheryl: what exactly are investors putting their money and cracks and where will the money going to second half? time, 20 right into this because you are talking about gold and you are saying gold is one of the hot etf's and you like this. let's talk about this. >> not only gold, but more

and poorly gold miners. the evaluation of minors compared to us developed markets is tremendous, but it's been unloved and in those areas they tend to get more money and that is what is happening so far this year. we have had about 74 billion dollars in new money coming in. gold miners is one area. also global real estate is another area and developed markets specifically europe and vanguard really own the best performing etf in that area where they have gained $4 billion in new assets. adam: i understand why people are going into a gold etf, but you can lose big time with the etf especially with real estate. you are seen in these discussions .-ellipsis bubbles across the board and isn't this kind of tricky for the average investor to pick the right etf? >> i thank you are right.

the key here is people are looking to diversify their portfolios. if you are doing a 60/40 portfolio you haven't been looking outside the us as much and also to alternative classes like energy and real estate. where may be here in the us you might miss a bit of the real estate run-up. overseas there are real estate etf's where those countries have easy monetary policy and my habit more of a run, so investors are being generally shrewd in the way they are allocating in other areas, other sectors and keeping their core positions intact while they are enjoying this run-up in the market. cheryl: let's talk about other issues. real estate, that has been one of the top-selling etf's for the year, also developed markets and i think that is interesting. also, the vanguard in europe and energy, but let's talk about the developed markets. the vanguards but the

development. that is interesting. are we are saying the developed world is particularly on the upside? >> the us market is a little long in the tooth. but here, overseas especially when you look at what ecb is doing in talking about easy monetary policy where we are tightening monetary policy in the us, so valuations are better overseas as there are economy is actually coming along a bit slower than ours, so they may be two or three years behind us and i think most smart investors institutions and advisors are starting to diversify and etf's specifically in those areas. adam: some of us who are average investors, what are the mistakes we make when we are trying to choose the right etf imac? >> there's a lot of choice, there are 1600 etf's now and at $.9 trillion.

if you are an investor you are like a kid in a candy store, but anything can go up or down. you have to do your homework and have a plan and have discipline. when the best performing etf your to date is a copy etf because brazil droughts have been making coffee prices go through the roof. do you want to jump in the that today? not necessarily, but there is a lot of choice and you get back to basics and have a plan. cheryl: we are at the halfway mark right now and it's $73.7 billion. talk about the second half of the year. >> i think it's going to be more evaluation where we kind of had a run here in the us, looked overseas. emerging markets are half of what they are hearing the s&p. under nine versus 17 plus here in the us. the power shears but the market etf is a great opportunity. on top of that we mentioned real estate and the whole idea about real estate really started to pick up overseas.

we really have had a boom in the us. there's a international real estate etf that i think from a valuation standpoint may continue to do well. adam: thank you very much for giving us insight. all the money that is just chasing after the etf's. cheryl: thank you, tom. if anyone cares, germany is winning. adam: five-zero we went early is killing brazil. it is no longer hand models in late ideals, hsn has gone a big transformation and moores ahead. cooking shows, concerts with big stores in partnership with names like disney and a fox business exclusive. we are talk to hs and president. adam: pre-the latest tech ito are the hottest biotech, the real money is being made on the farm. is it time to forget about the bowl there and concentrate on the cow pig?

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adam: the us economy grew 1.9% last year, down from its 2.8% growth rate in 2012. the overall growth was though. a handful of state economies actually grew at a much asked to rate throughout 2013.

the best performing state economy was north dakota's lead the nation with a state gdp growth rate of nearly 10%. can you say fracking? wyoming the comic grew the second faster than the nation. west virginia came in at number three with a gdp growth rate of slightly over 5%. coming in at number four was oklahoma, 4.2% rate of growth and idaho was fifth with gdp growing 4.1%, which is still more than a 2% over the national growth rate. cheryl: that is a beautiful place to visit. it's a lovely place to go see. i'd hope, and who knew. let's talk about florida. the shopping network hs and has named a new president and he intends to shake things up. with the back running programming and production. the grandest looking to bring more variety and him are tame it to that network. adam: bill joins us now in a foxbusiness exclusive to talk about his vision for the company's future. he is not only the president

he is also hsn's chief marketing officer and forgive my joke, but are we going to see a kind of vh1 may be hsn behind the product instead of behind the music? will we see these kinds of variety shows? >> absolutely. i think those types of ideas -- that's exactly what we do it hsn. we tell the stories behind the brands and so we may have been behind them using a ph and, for about bringing the joy and excitement of new discoveries to life every single day and we do that through products and storytelling. cheryl: i'm curious about what you will do and what this will look like because of some your yard have on board, keith urban, mickey manoj, what will we see from them? will it be something different from them just coming on and selling products? >> cheryl, it's more of what we do. at hsn, i have been here

now, for eight years and as you mentioned earlier i started in programming, so it's an evolution, entertainment is a great way for us to tell stories and surround these four buddies with great parks. entertainment creates engagement. it rings more people to their television sets. it brings more people to their desktops or their mobile phones. we have moved beyond the channel, the tv network. we are now a network of experiences, digital makes up 30% of our sales. mobile sales make up 15% of our total sales. what we do is identify great personalities, great products. great product is the price of entry and we allows those celebrities, those personalities and branded experts to bring the story to life on hsn. our customers love it. adam: you have 3.4 billion in revenue in 2013 and you reach 96000-- million homes. mobile sales up in the first quarter, 44%, so when you create a kind of variety

show in which the parts are going to be moving in and out, is this anything we have ever seen before because you create a unique experience at hsn that u can't get if you go to saint amazon or google, so how do you protect that and how you create something new? >> you sound like one of our best customers. adam: i like stephanie roberts on hsn sumac love that. what we love about what you just explain is that that is what we have been doing. i joined hsn eight years ago. the idea was how do you create a lifestyle programming environment that next to retail? and i had never considered those possibilities before meeting mindy and understanding the potential. how do we reinvent a network? that is what the team it hsn has been doing of the past years. cheryl: will we see more branding partnerships with you? you have a new deal with disney kind of tying into

the films and product sales come through those films, will we see more of that from you? >> absolutely. it's really our trademark. we are great business partners and we work with the best brands in the country whether it's coca-cola, norwegian, univision for our hispanic strategy. we talk by disney who does entertain a better than the world disney world company and the idea that we have a three picture multi- year collaboration in place with disney, i don't know if you had a chance to me we launched maleficent, the angelina jolie movie and we created 36 hours of programming and hundreds of products you could only buy it hsn around the most amazing movie of the year. it's those types of partnerships that set us apart and that is where tracks new customers to hsn and it truly engages our current customers and gives them another recent watches,

so we love the idea of partnerships as a way to ask and our brand, and bring new customers in, and to be expired. when we go to our brand partners and say we will do a partnership with disney you should see how excited they get. they come back with even bigger and better ideas. >> that inspiration transfers from our business partners through to our customers . cheryl: it's fascinating what you're doing and thank you for teaching me one thing on how to say that movie name, which i know has been a successful brand . >> i struggle with it also. adam: i hope we partner with you because i don't want to compete against you even if it's just for cable space. >> thank you for having me on, guys. adam: if you are looking grilled the summer get ready to pay more for your meet as the import prices hit all-time highs. the prices go higher? we are live at a high and meat market chicago next. cheryl: are you tired of crack smart phone screens?

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cheryl: meat prices are soaring and red meat and pork are more extensive than ever and americans don't seem to care. adam: we are joined at life from the lena meat market in chicago. , what you have breast? reporter: you are looking at a side of beef. >> that is a hind quarter beef, angus beef for mac and that is the whole hind quarter that you are seen. take a look at the number's on retail beef prices. they say about 10-12% in the last six months. bill, what you say? >> i say more than that. i would say in the last six months, probably 20% for us. reporter: and you are-- this is a high-end meat market any place or you come in

chicago. what it out of the way. you bring a site out and have it cut up and this is where people come for some of the most extensive cuts. when you look at the cattle prices over the last three meds with the nothing but a tremendous run up. have you been able to pass that along? >> some of it. we try to hold back and hope for it to come back down and make up for it at other times. reporter: if you put that peter chart up against tesla stock-- do you own tesla by a chance? >> i do. reporter: you know they look remarkably alike. it's amazing. what are we doing right here by the way? >> he is cutting a hole rib section and he is going to make a rib roast and cross cut short ribs. reporter: it's not just beat, sausage and pork also. what are we cutting here? >> chops to we meet and pork do. reporter: you make a lot of sausage here. what are they? >> up almost 15-20%. i'm not sure where it they

are getting a five-10% from. reporter: here is the thing, at this point people are paying it. demand has not fallen up and i leave with you next port chart. a lot of this stuff is going overseas as well, demand all over the world remains high, so even though prices are up people are paying it. maybe it's time to take a look at lean hogs and cattle futures. cheryl: no kidding, jeff. you enjoy dinner in chicago. adam: send some ribs our way to make you set, this is the best. adam: the new iphone is expected to be launched in less than three months, replacing the five. it could contain some virtually indestructible technology. we will show you what that is next. cheryl: if you are tired of waiting for your pizza, how about ordering one from a machine. it's available 247. ♪ ♪

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>> let's go off the desk and load up on carbs, wish you could get a slice of your favorite pie any day or night? now you can, the unit is called let's pizza, it mixes the dough, cooks the customized pizza pie. classics include pepperoni, oregano and exotic offerings like salami, prosciutto and spec. what is spec? something you scrape off, it's a type of prosciutto. sounds like something you scrape off the subway. a base price of $5.95 per pie. the machine is costlier, average of $32,000 a unit. >> interesting, also off the desk for all you clumsy people out there. well-known leaker of apple news may have provided hard evidence that the next iphone will come

with a scratch resistant virtually undestructible screen. he supposedly took the iphone screen off of apple's iphone 6 assembly line. as you can see in the video, it's extremely durable, the glass reportedly made from sapphire crystal, it can withstand being dropped and scratched. that's pretty good. i'm ready for that. >> you know who can't be scratched, the brazilians. you know who is happy about this? stuart varney. stuart is into this. >> number two thing to watch tomorrow will be alcoa obviously. >> and the number one thing to watch, the federal reserve's minutes from investor's meeting, looking for word on the central banks look to tapering bond-buying program and any clues when the fed is going to raise interest rates. a lot going on tomorrow.

we'll be back. don't get sick of us yet. >> germany-brazil is more interesting. "the willis report" is next. gerri is looking at summertime hazards that a lot of us aren't aware of. >> thanks, guys. gerri: sharks, great white sharks. there are more of them, numbers are surging off the eastern seaboard and as far north as canada. what does it cost to buy the american dream? we'll break it down. dead of a heart attack at 15. one family's tragic story and the new push for ekg's in high schools. and the big data dive on consumer habits is on. is it right that your health insurance company is snooping around and shopping where you eat. "the willis report," where consumers' business starts right now.