wrapped up in a vault. ashley webster. there you go. melissa francis is here. "money" starts right now. melissa: it sure does. the bulls down but not out. the dow clawing its way back after being down nearly 200 points there. consumer warning signs rippling into housing. real estate mogul don people is back on what is holding down the housing market. behind the scenes in sun valley. our very own charlie gasparino is crashing parties and dishing secret meet-ups. the opening day for the most talked about water slide ever. it is as tall as statue of liberty. even when they say it's not it is always about money. melissa: moving on up. markets still in the red but making a bit of a come back following steep losses earlier in the day. let's bring in today's panel.

hilary kramer. jeremy hill. and our very own tracy byrnes. what do you make of the market today? we're coming back. >> people are still flocking into the equities market. this is really great, at least for this coming quarter until september 30th we'll see market continue to rise, melissa. melissa: jeremy, pretty serious worries out of portugal this morning. we waved them off. >> it could be a canary in thees of canaries in coal mines in europe right now. i don't think this will devolve anything that is contagion specific here. you have to realize european banks are weak. they continue to be weak asset sheets and continue to give loans to companies that are also weak. this is obvious. melissa: that is something we should be concerned about though? we're only momentarily concerned about it? tracy, what do you think? >> reality we're up 6% in six weeks and looking for reason to pull back and i think that is what we're doing. investors were chomping at the bit to find any negative news.

chomped on to portugal and janet yellen. here we are. melissa: impressed, meaningful, what do you think? >> not really significant because it doesn't take into effect, melissa, underemployment and people participating in the labor force that stands 62%. that is not really so important. what matters a lot more is the strength of our economy vis-a-vis the balance sheet. melissa: france blaming ugly factory data on too many four-day weekends. the company seeing a steepest decline in factory output in nearly two years. at the same time majority of millionaires supporting idea of a four-day work week. we look at france. they say they have a bun of holidays on thursday. everybody took friday off as well. they're barely working over there. so it is causing the factory number to drop. you're not buying it? >> this is france. i think the bigger issue, what we have here in the united states you have all the tech billionaires that want to go for four-day work week. but they don't understand the american tradition of manufacturing and making things.

even if we get google glasses out -- >> i don't really care. [all talking at once] >> tech means you can work anywhere at anytime. they will not stop working after four days. let's not kid themselves. they will be on the beach or at home having a cocktail talking business all the time. melissa: everyone work frantically it is not -- there is coordinated day to do the work week. what if you work 50 hours in those four days? >> i don't think these gentlemen are in the same mind-set as the guy who works security at my office building for example. he works 70 hours a week. he has three jobs. he gets paid on hourly basis. that is a totally different type of dynamic. so i don't think these guys have really figured out the entire population. >> should change the entire way we work? i think some industry it could work. >> i know hourly workers who

work four days a work that prefer it. >> like nurses. melissa: very long four-day work weeks. three days off, even hourly workers. >> that is different than the two different cultures. one culture, i got really, really rich because everyone is buying my stock in ipo and secondaries. the other kind of rich which is really working hard and building wealth over time. melissa: you don't think larry page ever worked really, really hard? i bet he did. >> i think he worked hard but i think millions of americans work hard and he got lucky. >> but i'm thinking too, france is using it as big ol' scapegoat. they have been doing this for centuries. melissa: for very long time. potbelly busting a gut. shares going belly-up following disappointing second quarter results. the sandwich chain altering outlook for the year. i feel we see this story every day. like crumbs and cupcakes. this one idea company goes public for only god knows the reason and we're see this story every day.

>> krispy kreme. let's, heavily not, go public all at the same time. stick to manufacturing. >> also healthy versus unhealthy eating habits any see lots of lines ad chipolte and chipolte is considered organic and -- melissa: bread is so '90s. potbelly is so bread. even the name of it, potbelly. >> i had to google, i didn't know exactly what you were talking about. melissa: i was in chicago. i went to potbelly's. it was delicious. it i would never be -- it is enormous sandwich and eat this enormous sandwich and come out busting a gut. >> it is a fancy sandwich shop. can't charge that much for sandwiches i'm sorry. their profitability is way lower than competitors like buffalo wild wings. melissa: yeah. call it carl icahn effect. family dollar shares up despite third quarter earnings dropping 33%. might have something to do with uncle carl. what do you think about this

one, hillary? >> i think carl icahn and his greed is destroying -- melissa: his greed? >> i think it destroys companies. in terms of family dollar. such a wonderful company. charlotte-based, philanthropic the owners. they're seeing profit come down. i think the problem with family dollar it is about the economy and fact that even though people are employed and jobless claims are down, we don't have the money we used to spend, even at a dollar store like family dollar. melissa: dollar store, if they don't have money should stop there more. >> i disagree. if you look at their most recent filings, revenues, the money that comes into the cash till was actually quite up, right? >> same-store sales are down 1.8%. >> i don't think you can make total judgment on the u.s. consumer then because they're actually making a lot of money. transmission from getting money in the cash register to putting into shareholders -- >> exactly why carl icahn says should put up for sale because

they have bad business practices under the hood. melissa: aereo are not ready to cut the cord. they say they are a cable company after failed supreme court challenge. we're not a cable company. we'll not paying fees. now they totally changed their tune to stay in business. will they be able to sell it? who wants to take this one? >> i don't think this is about aereo. i think it is about the cable companies. last time i look at my cable bill it goes up and up. they're monoliths and duopolies mostly. if aereo makes it to my area of the world i'm happy to subscribe. the pivot is very logical. melissa: i'm proud to say i'm not cable consumer. i'm on netflix and directv. >> you're on cable. melissa: i'm on directv. that is what i have. >> aereo undermined and trying to undermine, luckily they are shot down american media companies. >> i'm with you. i want to throw my cable bill out the window. melissa: even though you two are on cable and also on directv. that will okay.

>> hopefully we'll be on netflix and be done all together. melissa: there you go. say it isn't so, one analyst says tgi friday's delicious endless appetizers promotion, could quote, destroy the chain. destroy the chain? this is very harsh language. aaron allen from aaron allen an associates. for all we know he is in his mom's basement. short term, friday's will definitely have more traffic. long term it will damage their plan and destroy them. signal of a desperate brand. no? >> tgi friday's is about alcohol. $10 for unlimited appetizers? tgi friday's will do just fine. this is no friendly's where there isn't money made on breakfast and dinner. i think friday's will do just fine. melissa: i sit there and put 20 potato skins. i can only consume two drinks. they're not going to make a lot off me all in. >> the profit margin. >> for that exact reason. how many potato skins and bread

sticks can one man eat? >> have you ever been to olive garden? olive garden used to be endless salad bowl? now it will be tgi friday's. i see some of my friends putting at least away 100 of these potato skins. >> fraternities having contests. melissa: in college there was chile's on campus. they had endless appetizers. go with your friends with a whole dinner. crazy and not much money. i think it is dangerous. guys, thank you so much. young, hungry and ruthless, the cut throw way most millenials say they would take to get ahead. lumber liquidators barking up the wrong tree as the housing recovery continues to falter. smart money on the way. ♪

melissa: rough day for the markets. major averages now well off session lows but still let's go to nicole petallides on the floor of the new york stock exchange who is watching one stock that is unable to claw from the depths.

what are you watching there, nicole? >> and the depths no doubt. we're looking here at lumber liquidators, melissa. look at the stock. it is down over 20% and has been all day long. really can not claw back today after they came out with their numbers. they really showed the weakness in their retail business. it also included the fact that traffic in the stores has also dwindledded. giving outlook weaker-than-expected. that being said and it is a new 52-week low. i can't leave that out. it is down over 45% this year in 2014. look how it is also rippling into the other areas of home improvement, home building and the like. i know we had a down day on wall street. look also, there is lumber liquidators down 20%. ethan allen intier areas, 2.2%. home depot and la-z-boy with down arrows understandably.

just some concerns and caution on retail and the retail shopper for their home. back to you. melissa: nicole, thank you so much. more bad news on the housing front. declining share of americans are moving into new homes. it is proving to be a huge drag on both housing market and gdp. to discuss the impact on the real estate industry, ceo and chairman of peoples corporation, don peoples. i want to ask you about those things because nicole petallides talking about traffic inside of lumber liquidators. we're seeing the stock way down, not a lot of people in there, mobility rate, people going between homes very low. does this reflect what you're seeing in house being market right now. >> yeah it does because a couple things are creating this problem. many people are upside down on their mortgages. two, we had rapidly increasing homeownership rate since the 1980s. people own their homes less likely to move when they're upside down in the mortgage, even less likely to move. renters likely to move. first-time homebuyers, they are the one who is buy.

they move to a new location to get a better job and affordable housing. biggest challenge, which is good for my business because there is no inventory. there is not a lot of capital out there financing developments for say more moderate to middle income housing. in fact, right now, in new york, the comptroller of new york city has a new initiative to support small women-owned businesses to create inventory for housing. inventory is a real big issue here. melissa: that is lot of stickiness in places across the market. which has to free up first? do you need to get young people to actually have money so they want to buy rather than rent? do you think inventory has to come first? what has to happen in order to get things moving? >> inventory first, really? have to be brave to do that. >> we have to get inventory, people out of starter homes and get them out of those and into trading up. and then, that frees up starter hopes for the younger group of people. we have to do something with the

student loan situation. president has to do something to really tackle the student loan situation. melissa: how do you get people to want to trade up? certainly the government has done everything they can. interest rates are at historic low forever. if that doesn't make it happen what makes it happen? >> i think free market. interest rates are artificially low and that is keeping people in their homes because who in their right mind right now with interest rates rising on horizon, who have refinanced or bought a home in the last couple years at these low interest rates, why would they move? they -- melissa: maybe because rates will go up and this is their last chance to get a new mortgage at the low rate before it goes up? >> let's hope it is not the last chance. we need the free market to take place. that means new inventory. interest rates more realistic. and economy stimulating more jobs. melissa: has there been a fundamental change in housing? when i was growing up, it was your nest egg. where you saved, where your parents bought a house when you were little. built all the equity and sold it and had all the money to retire

on. people don't really see it as great investment. more just a place to live. have things fundamentally changed? >> i think they fundamentally changed like what you just said. also people looked at buying real estate, especially from 2004, to 2007 as a commodity. they were basically trading stock almost. melissa: yeah. >> it no longer became a longer term investment. real estate is long-term investment. you need to hold it for 10 years. if you hold it 10 years it outpaces any other investment in terms of stability and outpacing inflation. and i think people look at it now, differently. they don't look at it as though it is opportunity to have a nest egg for retirement, for example. melissa: don, thank you so much. always great to talk to you. such great comments. charles is in charge in sun valley. our very own charlie gasparino mixing it up with moguls and dishing all the dirt from the conference. i can't wait. from idaho to potatoes, we brought you the kickstarter campaign raking in more than $70,000.

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topped 70 grand. what gives? what the spud is going on here? is it all my fault? i sent our jo ling kent to investigate. now, i am very suspicious of kickstarter anyway. i have to throw that right out there. but we're looking at it this morning to see where our beloved potato salad gone. it dipped? how is that possible? >> it dipped several times last several days. i'm happy to be your potato investigator. melissa: thank you. >> i found out with the help of your very capable potato investigating theme. there is reason. verification is problem on kickstarter and mt gogo. melissa: verification, you will actually give them money. >> $10,000 or $5,000 or whatever that may be. here is what they say. turns out our trust in safety team canceled three 1,000-dollar pledges. they determined did not pass our verification review. they suspended those users over potato salad. this is very serious matter. melissa: they said earlier on, backers can adjust their pledges

while the project is still live. you can pledge money to a certain thing and decide later you want to take it back? i feel like kickstarter is a little bit of a sham anyway. you're either donating to someone else that they get rich and you don't get anything out except a token product. you don't get equity. or donating something to something silly like potato salad. >> kickstarter is a place where a lot of big projects spawned and major documentary films. oculus is done very well. there is interesting things. then of course there are the jokes. and i checked it out with kickstarter. apparently they like to support the jokes. they like the lighter stuff. so they have to -- melissa: you know it can go up and down before this. >> i heard it could go up and down. once i heard this was fluctuating, i thought to myself, we have to get to the bottom. melissa: do you think it was our fault? we were making fun of any. what are you doing with the money? how can you make $70,000 worth

of potato salad. i felt guilty. >> it is potato moving show is what this is. you have to be careful. melissa: we do seem to move the potato market. you're right about that. thank you so much, jo. a teeny chip that could change lives of women in a big way. researchers developing remote-controlled birth control to replace the daily dose of birth control pills. the tiny implant can be turned on and off with the switch of a button, depending and can last up to 16 years. bill gates is backing the new birth control. but how good can this be? dr. devi joins me now. have you heard about this one? what you do you think. >> i'm pretty excited about it. i think it has a lot of different applications not just here in country but globally. in developing countries when women have children really early, they tend to lose out on educational opportunities. on employment opportunities. that tend to affect those country as economies negatively. so something like, this, especially globally. it can help the women in turns

of their own opportunities but also can help the economies of those country. melissa: why would a chip be better than a patch or something? sound very invasive. it is a little gross. sounds a little painful. you need an electronic device in order to control it. talk about developing countries but do they have a electronic device to control it? a lot of questions. >> they brought up a couple different things. in terms of a storage device you're right, it is a little bit like a patch. a patch like a chip contains medication and releases a little bit over time. the problem with a patch, even over the count irpatches that you might get, not for birth control or other things, when they get wet, when you take a shower, they might fall off your skin. so they're not that useful. they can't last for long. there are more invasive devices like insulin pumps and drug delivery devices. the chip can last for a long time and relatively less invasive. it is so small. it has advantages that way. melissa: i don't know. let me move on to another one. the doctor will see you now but only if you want to.

there is new survey finds more than 1/3 of people ages 18 to 24 feel uncomfortable seeing a doctor. the vast majority would opt to google symptoms online. study says they're uncomfortable. i'm not sure they buy that. seems like convenience factor. maybe it is just money. young people especially would go online and self-diagnose than actually go see a doctor. what do you think about that one? >> i think you're right. it is combination of things. it is easy to google things so why wouldn't people do that. they can google something and if they have questions come to see the doctor. the concern if you're looking up and self-diagnose you avoid seeing doctor or avoid treatment for something that might be dangerous of the other thing is, i wonder, we have to look at the context of all of this. if someone is embarrassed at age 18 to 24, how does that compare to 50 years ago? maybe fewer people are embarrassed today than they used to be because a lot of taboo tom ibbs are discussed more in the

open -- topics. melissa: you're so smart. thank you for coming on. >> nice to see you, melissa. thank you. melissa: immigration crisis, the senate hears president obama's request for billions of dollars to fix the crisis on the border. many say it will amount to nothing more than a blank check for the president. plus, here for the party, some of the most powerful people on the planet are out in sun valley. our very own charlie gasparino of course is there as well. he has got it covered. "piles of money" coming up. ♪ [ male announcer ] once, there was a man

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>> reporter: charlie gasparino has been talking to wall of the big names, the allen and co. conference even that he has to

push past security to do it. you know he is not shy. he joins us with the latest. i see it tweeting about the abusive head of security. >> this is the least from the media conference i have ever been to in my life. this is locked down. i know these are big wigs, big moguls, they needed degree of security but i have never seen a company like allen co. hire a bigger bunch of storm troopers. this is pathetic. that said, we have been doing a lot of good reporting, we ran into barry diller and who gave a talk this morning and we ran into him, a big investor at aereo and we asked about the recent decision and this is what he had to say. >> is is a decision that the supreme court rendered which said aereo was like a cable

company. beyond that i don't know. >> this is what you get here, i don't want to talk to you and he runs away but the key, calling aereo a cable company because that gives it some standing and they're trying to figure out of business model, a good story in the journal how to convert this into a cable company where i guess today by content and resell it to third parties in a certain way. that is the future of aereo if there is a future. of another person we ran into is his wife. what she told us is one of the deals that came out of here with a new google glass, it was designed -- the new glasses -- today she was talking, here is what she had to say. >> it was a delayed -- a great collaboration and i love working with technology and it is just the beginning. >> see what i'm reduced to in my

career? talking to diane -- >> it is tough. and her glasses -- >> and grab you. >> i can't go over eater. i can stay here but not cross the line. >> are you crawling through the bushes and trying to get near these folks and they are calling you away by their shoulders? >> this is the media conference. they invite us out here and don't let you do any reporting, they are incredibly abusive, security guards, one security guard, one of our producers, all woman stuck his finger in her face, this is totally -- we soldier on and the lot of stuff occurs at night, at the bars, it is an odd couple, chris christie, governor of new jersey having dinner with his wife, and mark zuckerberg and his wife

that one of the tavern's down here, they saw me as they walked out and they ran coin. didn't have a chance to ask the many thing but it was a bizarre thing, bizarre couple in and another odd thing, not really a media executive, co-founder of home depot, republican campaign contributor, supporter of chris christie, you start drawing, connecting those lines and you think maybe this is a place where chris christie is trying to raise some money. >> drones trying to spy on different people having various meetings, do you have a drone of your own or do you think that is when the? >> i go to bars and talk to people. you know, watching mark zuckerberg, the most uncomfortable guy in his own skin in some ways. i said hello to him, said some

nice and he ran away from me. >> sometimes -- as i said, harvey weinstein was very nice. the problem with the conference is all these reporters suck up to these guys to say hello to them. >> i don't see you being like that. charlie gasparino, have a great time. turning back to the market, stocks lasting early losses, the dow what the worst levels of the day down 180 points. larry is in the pits for us, what do you think of the trade, we're starting to think a little bit right now. >> we are. the panic of the last 72 hours seems a little bit misplaced, traders are starting to go back to the live. what has driven this narrative for the last few years hasn't changed, we had decent earnings

and mildly improving gross and beyond that we had macro calm. we have buried 100 points since the middle of may. we are due for this digestion and people need to recognize markets are not linear. it is ok to sit and bake for a little bit. i met some of the numbers were not great but not enough to change the narrative. melissa: the administration gets bold over by their latest project. a sudden reversal to scare the white house and criticism. at the end of the day it is all about bowling. 3rd and 3. 58 seconds on the clock, what am i thinking about? foreign markets. asian debt that recognizes the shift in the global economy. you know, the kind that capitalizes on diversity across the credit spectrum and gets exposure to frontier and emerging markets. if you convert 4-quarter p/e of the s&p 500,

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melissa: i am melissa frances with your fox business brief. the cia chief in berlin is expelled after it despite more spine problem via undercover americans. two men were found to supply secret information to the u.s.. the cia chief now has to leave the country before the germans carry out an official investigation. microsoft x ceo has hinted to employees and organizational shakeup may be on the way. the relatively new chief said a fresh strategy would practice less on devices and services and more on mobile and clout and the

cloud and chinese hackers are said to have broken into government networks to find data on u.s. workers. authorities say they targeted files of thousands of the employees to apply for security clearance. that is the latest from the fox business network giving you the power to prosper.

melissa: more attention at the

border. senate hearing kinking of awhile ago about president obama's request for $4 billion of emergency spending at the border. many officials dealing directly with the crisis are saying not so fast with vaught money. let's go to maria, calif.. tell us more. >> this has been a very expensive process, and at the same time there's a sense of relief little bit because for the first time since this started some of the local leaders and getting information of for federal authorities and telling them for the rest of the week we will not be fine any immigrants into southern california. they won't be coming through this area until the end of the week. some protesters out here today through the last week and that half. and they forced those buses to carry on. the mayor said to ensure the

safety in those instances he had to pay $50,000 to $60,000 to keep the peace. the obama administration asking for $3.7 billion to fight the border process they are asking the obama administration to stop the search at the border. >> don't know where the bulk of the money is going and supplemental respects, inefficient areas, to solve this problem at the border. >> the protesters tell us their biggest fear is the immigrant actually comes to this processing centers that they think they will be processed and released into their community, they pay for their food, housing and health care. melissa, health-care. melissa: let's bring in steve more. does that say at all, and local officials saying hold on.

before you get $3.7 billion from congress, can we sit down and look at how we get that number. let me get money, what do you think? >> a lot of that $3.7 million isn't going to go to border enforcement and putting more patrols at the border. they're essentially social programs. the people who have been victimized by this are people like the one you just interviewed this said we live in this town, we bear the burden, when we look at the actual funding for border security over the last ten years it has more than doubled. over the last 15 years and almost tripled so it is not a lack of funding, but the fact that this administration turned a blind eye to this and has

almost been encouraging these illegal immigrants coming through the border. melissa: a lot of questions where you get that number. the president started with $2 billion and now is $3.7 billion, senator tom coburn made the point that it would cost $20 million to fly, in first-class. if that makes sense or is feasible or humanitarian, and $20 million, how do you get $3.7 billion? >> this is the washington does matters. we put extra zeros on the cost of everything. a lot of the money president obama has requested is not for the kinds of things americans might support. and the costs that the federal government wasn't doing its job. and forcing the border but i will go back to my main point, anyone who thinks this is a

money problem it is not. i would say this is of problem where you have an administration that turned a blind eye to the problem of illegal immigration for the last several years and has been encouraging through its rhetoric, and this goes back to the george bush administration were you can't deport children when they come into the country. melissa: another question about dollars, the obama administration, plans to renovate the white house bowling alley in the midst of all this, suddenly two hours after the project was reported officials giving no particular reason for abandoning the venture could have something to do with it, how the president's priorities in the thick of the border crisis. what do you think? >> people will their eyes and say this isn't significant that they want to renovate the white

house bowling alley. you know why? when you have a crisis with your budget, when you have half a trillion to a $1 trillion deficit, when you have a crisis at the border and you are saying we have enough money to renovate the bowling alley, if you want to take seriously the idea of fiscal conservatism, it starts at home. this is symbolically a really awful thing. like losing your job saying let's throw a big party. dierdre: thank you so much. appreciate your time. coming up cheryl casone gives us a look ahead at the next hour. what do you have? cheryl: big news out of microsoft, 3,000 word e-mail from the new ceo talking to the employees saying basically change is coming and we will talk to two reporters from tech crunch one of whom just got off the phone with the new ceo of microsoft and what do we know about plans for the company

coming that during the 3:00 p.m. eastern time hour and we will talk about general motors, general motors has a big special tonight, and jeff flock, these recalls that have been happening at gm. 20% of ignition switches for these cars, it is not just a safety hazard but can gm get these fixes put in place to bring confidence back? those things coming up for the next hour, "countdown to the closing bell". melissa: we are nearing the end of the week. let's just let it slide and slipped down world's tallest water slide. you can never have too many water slides. look at that.

melissa: all wild ride for stocks down 180 points coming back and slipping again. let's go to nicole petallides on the floor of the stock exchange. nicole: this is one of those days everybody came nervous in the morning, saw u.s. stock 20 at a lower open with concerns about portugal and italy, and we were dealt a wild card this morning. we have since come back, europe went to bed and we saw some banks start to make their way back. however we are still seeing a little bit of selling on heavy volume as well, so it is 14% ahead of the one month volume. looking at the nasdaq down 1/2%. we have seen the airline is doing well on the heels of united airlines and some social media stocks fell under pressure. back to you. melissa: be unbelievable ride that is blowing away the

competition. the world's tallest water slide opening at kansas city's water park, more than 168 feet high, with a 60 degree drop. it is not for the faint of heart. look at that. even the slide's name is german for insane. joining me on the phone is winter prosethio. the co owner said this ride is dangerous but it is a dangerous now. what in the world does that mean? >> talking about the feeling you have. it is very much an intense feeling. i have written it twice and lived to tell the tale. i still have lots and lots of other people, quite a few safety tests in our business. we don't fool around with safety. why is -- it has gone through some design changes because we are going to make it a safe but thrilling ride.

melissa: you worked there and you have only minute twice. >> i am the communications director. we have gone down dozens of times, we have over 100 sandbag tests before we put any of our staff on it. i have been busy handling a lot of other things. in the front seat, look facedown and you are just going. melissa: there have been $1 million in safety improvements since april. what was wrong with it before that you had to spend the one million dollars making it safer? >> here is what we had to do. the profile has changed. if you follow the showed that was done about slide, sandbag bracts going off of it and that was something to demonstrate i am going to need to invest more money in this, i have to change this profile because look at

what happened. that profile was based on a roller-coaster math. something happens when you add water. a water slide, we build those things before but most water slides you see are wet? body slides where you slide down and slide -- definitely -- melissa: the roller-coaster math doesn't work for water slides. it is 254 steps up. how many have gone to the top and said forget it and walked back down? >> no one has yet. we call it code 28, the goes 264 up and 264 back down. melissa: it looks like so much fun. i am not doing that everyone else will love it. have a great day. >> thanks a lot. melissa: friendships never end unless you are a millennial at the office.

younger workers admitting they would rather throw you under the bus than see you get ahead of among the corporate ladder. you won't believe this. at an end of the day it is all about money and lots of backstabbing. $

the one. melissa: better watch your back at the office. a new study by linkedin says 60% of mundelein yells with throw their workplace powells under the bus pre-promotion and they're not shy away from socializing either. one third of millennial's think spending time with her coworkers helps them about the latter. keep your friends close and

your colleagues even closer. fox businesses reporter kate writers are jointly now with minus one. what does that mean? to throw your friends under the bus, what does that qualify? >> that you are willing to sabotage a relationship with someone to put your career first. melissa: wow. >> millennial's view these workplace relationships differently than their baby boomer counterparts. 62% of boomers say they would never consider doing this whereas millennial's, one third things this helps them climb the corporate ladder and 18% say having friends the workplace make them more competitive.

melissa: they are friends and it sounds like you're not really friends if you are going to throw them under the bus. still like 51% say they stay in touch with former colleagues and 57% say having friends at work makes them feel happier and 50% say it makes them the more motivated. what surprised you about this? >> there is a trend going on and what we have established is the workplace is tight. it's harder than ever for millennial's to get a job in this focuses on 18-24 years old. millennial's usually go up to 34-- melissa: you are saying they are just immature. thank you so much. that is all we happy right now and i hope you're