$226. [closing bell ringing] david: 52-week high for apple. thank you very much. look at this, holding on to gains. yeah. liz: as we really scrutinize the numbers here, it does not look like a record close right now. david: not quite. liz: we need to see 16,068. intraday it was higher. 17,088 was the high. very close to a record. we look at other numbers. nine-point gain for s&p 500. everything off the highs. but a very strong session. "after the bell" starts right now. david: you know, people are saying we had too many records. we had 15. today was not a record for the dow, by the way. inching close to it. it would have been the 15th record for the year. everybody says way over what it usually is. in the 1990s we had 347 record

highs on the s&p 500. so we're right on line with where they were in the decade of the '90s. some people say it is still too high considering what we have and what earnings are. we'll wait and see. get into today's market action. we have a full crowd. dan neiman, neiman funds management parters. he says stocks are relatively overvalued but there are names worth mentioning and worth buying. jim lowell a old friend of ours, chief investment officer. two ways for investor to play the global growth story. lincoln ellis is in the cme. we like to start with our friend at the cme because they have more attitudes than anybody in the world. they know how to defend their own. lincoln, investors may be optimistic but they're still buying defensive kind of stocks, are they not overall? >> look i think anybody who has a child say under 10 seen "the lego movie." the monday theme was everything is awesome.

investors know that things are not that awesome. industrial production numbers out of europe, trade numbers out of asia, emerging economies, all suggest there is a little bit of turbulence on the horizon of the investors have been allocating that way all year. industrials, energy, all the dividend-playing names have outperform and outperformed significantly more of the growth names, even technology and most importantly the consumer discretionary numbers that are just barely green for the year. it seems nice outside as with chicago weather, if you wait 15 minutes things could change. liz: jim, let's get to the weather in your mind where you are. i'll tell you we have a lot of people saying we know things aren't that great. fine, be part of 99% that is too scared to get off the sidelines and you miss ad five-year rally. my question to you, how long, how much longer does this thing go? do you have any sense of it and what to do if you don't have a sense? >> well we continue to think we're sort of in the sixth inning of maybe 9 inning game,

maybe go into extra innings. this bull market will be driven by fundamentals, the u.s. economy if that continues on pace and we're in key earnings reporting season right now where not just numbers but guidance will be crucial. we wouldn't be surprised to see this market go 10, 15% pullback and we've gone a long time where the dow particularly -- typically pulse back 10%. portugal, second largest bank, basically creating a very dramatic moment in the market where the market i think initially read it as traumatic not dramatic. liz: but it is over. >> that is buying opportunities we expect to z that's right. do not be misled by headlines. liz: you had your moment, 19 minutes on friday when people were scared? now it is over. we see a big rally here. >> absolutely. what we are not seeing among individual investors is any sort of irrational optimism. they definitely are cautious because of the geopolitical condition that this world

remains in. you know, if you look at oil market, price of gas is down 8 cents from where we were a year ago despite the fact in intervening 12 months this world has become a much nastier place to try to drive your car. david: dan, let's talk about the world growth situation, particularly with regard to earnings that are coming up. they are related. specifically because of the jobs figure. jobs are growing. that is a good thing. but wages are not growing. and, maybe that is good for inflation but it is not good for the wage earners. and perhaps it is not good for profits, if people can't reach into their pocket and buy more stuff. could that affect profits and therefore stock values? >> yeah. i think as a whole you've seen overvalued market. i think all the factors you named, dave, are critical in seeing the macro economy catch up to the market. the stock market and housing market. in our fund, our large cap value fund we're looking at bottom up investing. we try to find the dividend plays and opportunities in the

market to buy dips in the market, give us those opportunities and i think in the long term as jim mentioned we're going to see the market maybe continue to rise but we'll see pullbacks and those are chances for us to buy. liz: lincoln, nobody was buying gold today, okay? unless they were very brave. gold was dropping $30 per troy ounce. is there any message to be gleaned from that particular move? >> i think the message that could be gleaned, while we've been taub about citibank throughout the day and part of last week, it is worth noting, what gold has been telling us, charlie prince's quote from the last financial crisis, that investors are dancing while the music is going on is exactly what is happening yet again. we do have valuation issues. we do have capital allocation problems. we do have investors really at a dearth of options to put new money to work much and while we think that, you know, investors appear to be acting rationally, if you go to people's 401(k)s or dollar-cost

averaging plans they're still putting money into equities and buying bond extraordinarily overvalued, particularly if you get a hawkish move in the fed. investor behavior is tell being something quite different than how the market is behaving. david: let's talk to jim lowell. i love you dearly and one of the smartest minds in investment. i want to take issue with your fidelity international growth fund you advocate. we talked about europe having real growth problems right now. they may be headed into recession, at least a negative growth rate for the quarter. why now for international growth fund? >> it would not surprise me at all, david if we saw europe enter into recession. two negative quarters. we've certainly seen a lot of soft data coming out from many leaders members. david: given those statistics, given those negative statistics why would you go into international growth fund now. >> precisely jed weiss has deep

experience turning over rubble looking for rubies under anything like that when everybody else is staying away. reality on that ground i think there will be extraordinary values to be had as you're disciplined long-term investor and you're with a manager with experienced managerstem the tidd outgoing of emotion and look for fundamentals to drive his fund forward. liz: you're a believer in his ability to pick right stocks. what about your other etf picks which focuses on megacaps than small caps? do you think the small cap rally is over? >> i doubt the small cap rally or mid-cap rally are over? they tend to play out especially well for long-term investors. right now about valuation wise they're looking rich as opposed to megacaps that top 50 stocks of s&p 500. these are companies who have cash in the covers. they can weather any downturn. the reason they're lagging in terms of return and more attractive on valuation basis, they derive a lot of revenue

from emerging markets and european markets. so they have got that great little dent in them, making them i certainly think attractive, compared to other areas of the market relatively safe. david: dan, citibank or citigroup is up 3% today. you're not looking domestically. you're looking at foreign banks. particularly bank of montreal and pnc. why? >> pnc is obviously domestic bank. they were top five in the customer survey satisfaction that came out in the past couple of months. i think those banks that are such a domestically that have good customer service, are those that consumer will turn to when interest rates do start going up. as far as lending goes, bmo, bank of montreal has extended it a bit on lending side and that may start to dry up. but i think dividend from both companies, the fundamentals from both companies are strong and as a large cap value dividend investor i think both have been, not only outpaced the market, year-to-date but will continue

to outpace the market. david: good stuff. >> if we should continue with bull market. david: gentlemen, you gave as you good overview and specifics as well. thanks, dan neiman, jim lowell, thank you both. lincoln ellis will be back in couple moments with the s&p futures close. liz: getting loud in the pits. david: yes it is. liz: the specialty pharma sector is outperforming the s&p over the past year 70% to 30%. can the rally continue? is it too late to ride the wave? we have your second half setup with the number one ranked analyst on street. david: you want to listen to him. look fog buy a home or refinance? how about mbss? there may be some options you haven't even thought of that could get you better rate to pay off your loan even faster. we'll break them down for you coming up. liz: germany wasn't the only team to score big at this year's world cup. major league soccer in the u.s. is taking home a trophy of its own, potential boost in fans.

in the past six days, games here are already selling out. we're talking live to the commissioner of major league soccer about the league's impressive growth and the new tv considerate of and the world cup is beginning of its plan to win over fans. david: let's get back to the overall market. we want to hear from you. with today's rally pushing the dow back above 17,000. can it hold the level of 17,000 and build on it, go even higher? maybe 18,000? what do you think? email us, tweet us, @fbnatb. your answers coming up. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪

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liz: mounted per personal camera maker gopro is slipping further into the red after doubling after ipo price. david: nothing goes up all the time. nicole petallides on floor of new york stock exchange with details. nicole. >> dave and liz, one theme we watched closely from the june $24 ipo. went up to nearly 50 bucks. since pulled back some. right now closed today down over 5% at 36-point4. at least in part because of weekend article in "barron's" says gopro faces some same risks that other tech devices face. being subsumed by our phones. what they are saying they are facing some sort of competition. gopro is something special you think. put it on the helmet when

snowboardorg surfing. this is the way everybody wants to go, new vantage points. facebook paying $2 billion for oculus, right? another one, google's nest spent 550 million on drop cam, wi-fi based camera that streams continuous video. they are facing competition. the big picture, went up to about 50 bucks. still well above the ipo price. seems a sense of caution how it ran up so fast. they will try to expand the company into more of a media company rather than just wearable cameras that are cool. liz: i was in the crowd where the tour de france went through in london, buckingham palace, so many people were holding gopro. david: i was at beach here in our nights everybody was wearing gopros. liz: it is everywhere. david: it is over. liz and i were listening to a lost racket. lincoln ellis in the pits of cme. what is the racket about? >> all the racket is about janet

coming up on the hill testifying in front of the house and senate. industrial production business inventory numbers that will come out, what we saw in terms of europe weak industrial production and manufacturing. that is end of second quarter. a lot of variability in the environment, followed with some good treasury auctions leads to some caution. i think that is people squaring up behind me ahead of tomorrow. david: thanks, lincoln. >> thanks, david, thanks, liz. liz: as the world cup ends officially with germany take home the gold trophy, it is a real gold, major league soccer face as real challenge here in the u.s. how do you turn the momentum from the tournament to supporters that will attend major league soccer games in cities and states around the region? the task may not be as daunting as some assume. the league is growing substantially. attendance surpassing the nba and the nhl. not right now the national

football league but nba and nhl, major league soccer does better than both of those. we have don garber, major league soccer commissioner. tell me about the buoyancy you feel teams here in the united states, don, have really gotten since the world cup? >> first i appreciate the opportunity to chat with you guys. liz: sure. >> last night we had a game in seattle, the seattle sounders played the portland timbers. 64,000 people attended that game. and on, espn and we got a good television rating. we expect a bit of a bounce. you don't expect that this tide is going to continue to rise. our challenge is convert all those people that were connected to the world cup into being mls fans. deal with marketing and promotion. most importantly, liz, having those players that start in the u.s. national team coming back to the mls teams like happened last night with clint dempsey and connecting the dots between

the world's biggest tournament with the world's biggest sport and hopefully a sport and league here in this country that will continue to grow. liz: i can tell you what i think really did it, tim howard the goalie. >> what a man. liz: what a man. suddenly you had kids across america who had never heard of this gentleman on our screen right now saying, i want to be like tim howard. it was just incredible how many saves he made and suddenly there was this viral, what else can tim howard save. they had everything from blockbuster, which of course is a company that had real struggles to the economy. tim howard can save everything. maybe it really rests on stars of these individual games that were put on the international stage? >> you know i think you said it right. all of us in pro sports struggle with, do you want a star-driven strategy? clearly nba has that. do you want more of a league focus? the nfl has that, they have done very well with that. tim howard's great. he was developed developed in o. he comes from the new york

metropolitan area. he was transferred from our new york team to manchester united. still playing in the premier league. there was a 20-year-old kid developed in an academy program with an msl club in seattle, that kid played in a bunch of games. sudden all of europe is today ga over him and want to buy him from major league is beinger to play in those leagues. this is sport of league of millenials. all the people grew up with the game. they can influence. paint their face. they can buy tickets and watch games on television. that market is moving in your direction. that is the thing empowering us the most. liz: seems, don, the growth is exponential. you have a lot to look forward to. you have 11 teams in us by the year 2020 you are expected to have 24 teams. who is next in line to get a team? which city is vying for it? >> here in new york city, new york city fc will join the new york city red bulls.

owned by manchester city in the premier league and supported by abu dhabi government. also by new york yankees. the next team will be in orlando, building a soccer specific stadium. david beckham is looking at clubs in miami, las vegas. lots of expansion. liz: they're not cheap. certainly less expense issieve than nfl or, nba team. seattle, portland are worth 100 million a piece or a little more. >> they're worth a little more. the new york city expansion team sold for $100 last year. think about 10 years ago our expansion price was 10 million. that is great growth. i don't know that you're going to expect that kind of exponential growth year on year but sports business is going through interesting time. look at the sale of l.a. clippers. just seems like there is no end

to what, you know, what entrepreneurs and successful people will pay for these teams. but you have to delivervalue. you have to be profitable. you have to have a good business model. mls is very toke discussed on that. liz: you won over my 10-year-old who was not a soccer fan before. he was playing fifa last night on playstation. he lovers it. he wants to be a soccer player and get involved. we'll be watching for that. don, thank you. >> thank you very much. >> don garber, major league soccer commissioner. they have some corporate sponsors, big names. david: they do. soccer is on fire. you know what else is on fire? specialty pharma. look at battle royale over botox maker allergan. up next the number one specialty pharma analyst on the street will tell us which stocks you should watch. liz: also, how to ride the housing recovery. the ceo and founder of mbs highway, live in here to give us his unique insights on housing market and what could happen when the fed stops buying mortgage-backed securities in

october. what will happen to mortgage rates and what kind of mortgage should you look for. david: barry habib knows. it could give a whole new meaning to ebay's buy it now. we'll tell you how you may soon be able to buy a picasso with your pottery. how? is that possible? we'll tell you coming up. ♪ shingles affected me tremendously as a pilot.

the blisters and the pain in my scalp area and down the back of my neck was intense. it would have been virtually impossible in that confined space with the rash to move to change radio frequencies. i would just stop and literally freeze up. i mean it hurt. i couldn't even get up and drive let alone teach somebody and be responsible in an airplane. when my doctor told me that shingles came from the chickenpox virus i was very surprised. for two weeks i sat up in bed because i couldn't lay down. i had the scabs all throughout the side of my head and into the upper neck region. i didn't want to do anything except go to sleep and have the pain be over. as a pilot that meant i was grounded.

liz: time for a quick speed read some of the day's other headlines, five stories one minute. volkswagen is investing $900 million to build a sport-utility vehicle in chattanooga, tennessee. the new plant will make a seven-passenger suv the project

will create 2,000 jobs. ebay and sotheby's to stream sales worldwide. starting this fall, most of sotheby's new york actions will be broadcast live on a new section of ebay's website and include real time bidding from anywhere in the world. swiss chocolate maker lindt has reached a agreement to buy russell stover candies. they will make them the third largest manufacturer in north america. samsung is hauling business with a chinese supplier due to evidence of child labor. they make cell phone covers and parts for the company. creator of google glass ditching google to work at amazon. the google glass engineer did know revile details with the online giant. a lot of competition in that space. that is today's "speed read." [buzzer] david: she nailed it. the specialty pharma sector has been outperforming the markets. what has been fueling the rally? how about 277% year-over-year

increase in pharma and biotech m&as? liz: can you expect this outperformance to continue second half of the year? which names should you have in your portfolio. joining us for the week-long series on the second half outlook but only with the best analysts on the street, it is sanford bernstein analyst listed as number one specialty pharma analyst by institution hall investor. congratulations, ronnie. david: we'll done. liz: what is the biggest difference between big pharma and specialty pharma? >> there are historical reasons for the name differences. if you look at the top companies, lilly, abbott, johnson & johnson, they're thought of major pharma. everybody a step below them is considered specialty pharma. david: why is it that specialty has been so outperforming the big guys? >> business model of specialty pharma is not to invest in a ton of r&d, sg and a. they take the drugs and market them. so essentially because the

invest less in r&d and need to less in sales and marketing because the drug is partially known by doctors their cost structure is loor. they are able to sell those drugs, bring their prices up. those companies outperform. liz: i think we get very suspicious when we see exponential jump in success as far as investing in these names is concerned. does this continue or are p-e ratios getting toppy at this point? >> the pe's have not gotten frothy. they're trading 12 to 13 times earnings. below the major pharma companies because they don't do r&d. three drivers of those companies are doing well. the first is the low interest rates. the companies in general are buying companies emerging and taking out cost and low interest rates environment this is extremely profitable business. second there is still a lot of freedom to price drugs in the united states. those guys have not been shy taking prices up. third there sin know vision in

terms of life cycle managing drugs. they are taking older drugs and just before they become generic launching a next generation drug. between those three drivers the sector is outperforming. reasonably the sectors will stop outperforming when these three go away but we might still be quite away from there. david: we'll pick up some of your picks, allergan, teva pharmaceuticals. you mentioned interest rates. one of the big advantages of big guys over smaller guys is cash flow. they have lot more cash. little guys depend on borrowing. if interest rates rise and hard for them to go lower, won't that hit specialty pharma than little guys? >> absolutely. the companies are not less profitable but they're more aggressive willing to lever up while the big farm ma guys are lower. they make larger acquisition, pfizer astrazeneca or abbvie for shire. my guess have been at it for two

years. small and bit more nimble, take more risks and typically close to the basics. so they went in first. now absolutely right about that. if interest rates begin to rise sharply, okay we will see my guys getting into the growth will slow dramatically. liz: okay. >> but fur assuming that interest rates will remain lower for a while, you will probably, this sector will continue outperform because they are willing to take those higher leverage positions. >> what is the best guess what happens with allergan? valiant is in quite a battle to take it over. it is in a battle saying maybe we're interest in acquiring other names? allergan maker of botox and other drugs but where do you see the fight going? >> i think this fight will benefit shareholders. >> of both companies? >> of allergan shareholders specifically. they have made offer of $180 per share and probably go higher to i expect of $200. managers of aller fan told

investors look, eventually will come down to a vote. what we'll do is take our cash. they are not levered. we will be able to take our costs lower than it currently is. in the end of the day the shareholders make the decision. my personal view, between the cost cuts allergan can do and reasonably quality deal which david pyott a good ceo put together in the past i think the company will stay independent. at any rate it will stay independent the inherent value of company organically will rise. david: thank you very much for being here, sanford bernstein. come back see us again. >> thank you for having me. liz: number unin his space. david: can they change the country's small business landscape? a fox business exclusive we'll speak with a woman that helped more than 900 entrepreneurs expand share businesses worldwide and create thousands of jobs around the world. liz: plus one major investment bank changing its tune on stocks in a good way. upping its s&p target by more

than 150 points for the rest of this year. why? well of course we'll tell you coming up. ♪

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♪ ♪ david: well, with the fed about to get out of the bond buying business, there's a lot of speculation about what might happen to interest rates and mortgage rates in particular. will the housing market stay

relatively solid without help from the fed? is our next guest believes it will, but individual home buyers and housing investors have to adjust to the coming new world. joining us now, barry habib, mbs highway founder and ceo. mortgage-backed securities, who will buy them when the fed stops buying them? >> that's a great question, but we've seen this before. at the end of qe1, people said the same thing, at the end of qe2, at the end of operation twist, and what's interesting is there is a gap between the yield that investors can get on treasuries and the higher yield that they can search for on mortgage-backed securities. there will always be an appetite there. david: well, there is a voracious appetite for any kind of yield, so if they see an opening, does that mean without all of that buying going on by the fed, i'm wondering if the yield will increase. they might have to sell, might have to increase the yield to sell those -- >> couple of points. first off, the fed's still going

to reinvest payments off principal, and when people pay off because they sold their home or they refinanced, that comes to a significant sum of purchases of mbs. the other thing, too, is i think you'd be surprised. if stock prices correct, which we haven't seen a correction of 10% for a thousand days or so, it's one of the longest spans that we've seen in the past 50 years, you'll see that money go into the bond market, and you might actually see yields drop. i know it's counterintuitive, but it did happen after qe1, 2 and after operation twist. we may see something similar like that. david: okay. mortgage rates themselves, a lot of potential home buyers either for their own personal use or for an investment, what is going to happen to mortgage rates when the fed stops buying mbss? >> again, it's a good question. i think mortgage rates will remain relatively stable. they might gyrate with some nervousness, but if stocks

correct, you could see mortgage rates decline, and that is a really good opportunity. right now, we've been saying this, the housing market is still a good time to buy for individuals. it's something that we're not going to probably see the appreciation that you've gotten the last couple years, but there's nothing wrong with 5 or 6% appreciation over the next -- david: so even as an investment, home buying is still -- >> i think so. i think that right now is still a pretty solid time to be a home buyer. david: okay. what kind of mortgage rate do i look for? 30 be 46 year fixed? -- 30-year fixed? these old rates are beginning to come back again. the ar ps, the seven-year arps? >> adjustable rate mortgages, ones i think are worth taking a look at. especially if you're in the jumbo market. look, 90% of loans this year are fixed rates, but there's a lot of people that have an opportunity, especially in the jumbo arena, to save a significant amount of money by taking an adjustable. sometimes it's 1% less. if you have a jumbo mortgage, that can come out to a very

significant sum. it's natural to be fearful -- david: but you have a formula. this has to be it because we've got to wrap up. do a seven-year a.r.m., but ait off as if it was a 30-year fixed. >> exactly right. if you take that seven-year adjustable and say, look, i was committed to making the 30-year fixed rate payment anyway, pay it with extra principal payment as if you were paying a 30-year. so you pay the same amount. believe it or not, on the jumbo loan in cases you'll wind up with an extra $50,000 at the end, great money for college savings, retirement, to buy a home with. but when it adjusts after accept years, because it's adjusting on a lowerral balance, your payment goes down even if rate goes up. david: barry habib, you always give us the best advice. liz: no one better than barry on that. all right, building a business anywhere is very difficult, but

it is particularly difficult in emerging cups where there's -- countries where there's so many people with great ideas, but they don't though how to start their businesses and create jobs. we have one investor who turned a global problem into 900 entrepreneurs with great ideas, thousands of jobs followed. it's a fox business exclusive. wait until you see how she's done it. plus, a bill that impacts 700,000 jobs as well as companies that could be in your portfolio is going to hit the floor at capitol hill this week. will lawmakers reach a deal before the august deadline? we have the details. so much interesting, important information. ♪ ♪

♪ ♪ david: well, as the dow today reclaimed 17,000, goldman sachs could not have picked a better day to change its outlooks, becoming one of the host optimistic firms on wall street. start of the year on a cautious note saying stocks were lofty by any measure, but now just in time they are singing a different tune. the firm boosted its year-end s&p target to 2050 from 1900. the hike would represent about a 4% rally from where we are right now. goldman cites acceleratidomestid continued earnings growth. how do they stack up against the rest of the street? of the 13 wall street strategists tracked, on average they predict the s&p will finish the year at about 1950. liz?

liz: goldman's bullish. very. well, too much debt was the cause of the last financial crisis, too little debt could be what's holding up world side growth right now. specifically, the inability of young entrepreneurs to secure loans. david: that big gap is being filled by our next guest. joining us now in a fox business exclusive, linda rotenberg, endeavor ceo and cofounder. great to see you. >> wonderful to be here. david: congratulations. there are literally hundreds of intrep tours who you helped get their start all over the world. one of the issues that a lot of people cite as a problem for young businesses in places like latin america where you got your start is property rights. it's so hard to nail down rot rights. the rule of law is not as concrete down there as it is up here. do you help some of these property right issues, these companies? >> you know, it's so interesting because everyone, when we had the idea for endeavor to help entrepreneurs grow their

businesses and create lots of jobs, everyone said we were crazy. i was known as la chica loca. the name carried over. [laughter] what we said was the biggest barriers are not structural, they're not cultural, they're not 2378, they're psychological. and what we found is issues like property rights and rule of law are challenges, entrepreneurs overcome this. the real challenge is they hold themselves back, and what entefer does is help show them role models, help them overcome risk, help them realize that they can fail and get to the next level. and that's what we found is actually more of a challenge. david: great. liz: well, the proverbial story here in america is we start it in a garage whether it was microsoft or going all the way back to hewlett-packard. >> right. liz: apple, for example. a lot of these people in south america have told yo we don't even -- you we don't even have garages, tell us what we should do. where do you start with somebody who has a crazy idea, but they don't though how to go about turning it into an actual business? >> we started exactly as you're

saying. it's the role model effect. they didn't have role models. so one of the first entrepreneurs we met was this 24-year-old kid who had grown up on a sheep farm in pat gone that. everyone said this is never going to happen, kid. 34 investors turned him down. endeavor put him through our selection process, we end up helping him raise $4 million in venture capital, find a c.o.o., we actually helped him find a wife -- we're a full service organization -- [laughter] and went to sell his company for $750 million. but here's what happened, it doesn't end there. we tell his story, he becomes an angel investor. today there are scores of people saying if he can do it, i can too. and while it's a quiet period, watch this space, in a couple weeks there's going to be big news out of argentina who started because of him and now has a huge company. david: that's great news. capital, let's talk about -- argentina, they're in this huge fight over paying off some debt

holders. >> right, yeah. david: that is holding up a lot of capital. there are investors all over the world refusing to open up their pursestrings because there is this battle, and they're worried about their capital getting sucked into it. >> right. david: how do you avoid these country bottlenecks? >> enkerr now operates in 20 countries and around the world, mainly the emerging markets, and we were called to greece and miami recently with the reemerging markets. what they realize is there's a lot we've taught people around the world, now the teacher has to learn from the student. david: how do you get the capital there? private equity firms or what? >> every private equity and venture capitalist who works in the market goes through endeavor to see who we've given the seal of approval, the fact they don't have access to capital makes them better entrepreneurs. david: you raise the companies for the private equity firms. >> we do. whoever gets the seal of approval they know has really -- liz: has some legitimacy. >> we've helped our

entrepreneurs raise hundreds of millions of dollars, but here's the thing, they start out better than, i think, american entrepreneurs who are expecting venture capital to save them from the beginning. they have to grow organically, and i came out with a book that's coming out in november, and is we have a lot to learn from these entrepreneurs around the world where capital is scarce, where there are challenges. i think we often times think if i don't have an app and a hoodie and silicon valley venture capital, i can't be a entrepreneur. liz: linda, give us your best example, your best success story aside from the gentleman you just spoke about. >> one of my favorite stories because it's counterintuitive are these two women who started in the slums of rio. they had an idea for hair products for curly-haired brazilians. you'd think this is a nice micro story. there is nothing micro about it. last year it turned over $80 million this revenue. 2300 women. they just got $30 million in venture financing from the

toughest brazilian private equity firm, and they have a plan to grow ten times that. they saw a problem, and they started filling a need. so stop planning, start doing. there's a term this brazil -- [speaking spanish] i think that's what we have to do here, craze i -- crazy is a compliment. i hope we see many more entrepreneurs coming not only around the world, but back here in the united states. david: your work is inspiring. it is really inspiring. >> thank you so much. david: congratulations. endeavor is the name of the company, and this is ceo and cofounder. good luck with the book. >> thank you very much. liz: thank you, linda. david: the drive to refuel the highway trust fund is stuck in gridlock. will lawmakers end the stalemate before the money runs out? we go inside the beltway to find out. liz: and we've all been there, stuck outdoors a long way from a power sly freaking out because, the phone ran out of juice. don't worry, a park bench near you could soon come to the

rescue. we have the details on that when we take you off the desk. ♪ ♪ ♪

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♪ ♪ david: time is running out. the fund used to pay for federal road and bridge projects is set to run out of money next month, putting thousands of jobs and a lot of construction projects at risk. liz: will congress come together and pass a plan? it's always a big, important question, rich, what do you think? >> reporter: well, it appears so. while the white house has scheduled a week of infrastructure events, the house is already poised to pass a short-term highway funding bill tomorrow, and the senate has been considering a similar bill, and this could keep these projects going through spring. we'll find out in the next week or so if they can actually get together and pass the same bill. despite the congressional progress, the administration's infrastructure push continues. officials have just released a report claiming the economic benefits of increasing construction spending, this week president obama is also speaking about infrastructure projects in virginia and delaware.

still, the white house want withs a multi-year construction spending bill and wants to cut tax deductions to pay for it. >> it's a pretty common sense proposal. we'd like to see some support from members of congress for it. but if there are other ideas that people want to put forward, we'll certainly open to considering them as well. >> reporter: well, republicans are resisting tax increases to pay for much of anything. a long-term highway construction plan appears unlikely before the end of this year. still, the likely congressional action to keep these projects going into next year should be welcome news for the nation's largest construction companies. they prefer a longer term bill, but the problem there, funding. the federal gas tax used to cover the cost of these highway projects. fuel efficient cars, though, mean drivers are buying fewer gallons of gas, and the government is getting less from the gas tax. the congressional budget office forecasts multibillion dollar deficits for the highway trust fund until congress raises the gas tax, finds a new funding

source or cuts spending. back to you. david: rich edson inside the beltway, thank, rich. liz: has your smartphone battery ever run out while you were out and about town and you were unable to power it up, give it juice? wait until you hear how one major u.s. city is helping out smartphone users. that's next. david: plus, researchers at mit have created new technology for the blind and the visually impaired that could potentially replace rail. we'll tell you what this new device do also when we go off the desk. ♪ ♪ (trader vo) i search. i research. i dig. and dig some more. because, for me, the challenge of the search... is almost as exciting as the thrill of the find. (announcer) at scottrade, we share your passion for trading. that's why we rebuilt scottrade elite from the ground up - including a proprietary momentum indicator that makes researching sectors and industries even easier. because at scottrade, our passion is to power yours.

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we're changing the way we do business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which means more growth for your business, and more jobs. it's not just business as usual. see how new york can help your business grow, at startup.ny.gov the one. >> let's go out the desk, just sit on it if you need to charge it. parks are looking to become smart from friendly, a furniture company is bringing solar powered benches to boston and cambridge that lets you plug in your cell phone and charge on solar power.

so far six benches have been installed around-- six, good luck finding them. >> researchers at mit developed wearable topology that allows blind and vision impaired folks to read any imprinted tax without using brando. it scans and reads words out loud in real-time and caning that two laptops or phones to take on the go and read things like restaurant menus. it's only a prototype now, but researchers say they are working on making it available. second technology doesn't do good things? >> we has joined twitter and facebook pushing the dow back about 17000 comfortably above it, do you think it can hold and we build upon it? lease on facebook told us what goes up eventually must come down. see mac 11 eloquence of this last one. mike says wouldn't it be

nice-- he says that would be nice. the number one thing to watch tomorrow will be whether or not the 70000 figure breaks through to a new record. >> "the willis report" is not. jerry, are there companies promising help for blind people with braille. what about student loans? >> tonight we had the illinois attorney general bringing suit against these companies that say they can help cut student loan debt. they do just the opposite. also coming up tonight on the show, too scared to quit. young workers are staying put even if they can find better opportunities elsewhere. what effect this is having on the economy. also a new report revealing the dangers of the centers for disease control and prevention may be exposing employees to. our citizens at risk also? and it's a solution gaining traction. tapping into your 4o1k to have your debt. will cause more problems? "the willis report" where consumers our our business star