our customer as e-commerce company on personal level. so i have customer feedback. so i'm able to analyze the data with customer feedback and optimize our designs and styles for based on success. dierdre: natalia, thank you. natalia allen, joining there, founder of natalia allen. "money" with melissa francis starts right now. melissa: that's right. time warner could be just enough to spark a complete shake-up of media industry. money goes to where it is treated best but not so fast, treasury secretary. why he thinks companies need to pay highest taxes in the world to be patriotic. entrepreneur tim draper says california is too large for one state. one million residents agree. first to breaking news. peter barnes has the beige book. peter, what's in there? >> hey, melissa, we want to flag a slight downgrade of the

economy in this fed beige book compared to the previous beige book. the survey says five of the 12 fed bank districts economic activity was moderate in june and early july. that compares to seven fed bank districts that reported moderate economic activity in the previous beige book and this time two districts reported a slower pace of growth compared to just one district reporting that in the previous beige book. now we doubt this will have a significant enough, this is significant enough to have a change in fed policy. you can bet that the taper will likely continue at the july meeting at the end of this month as the beige book also says that labor market conditions, which is what the fed real watches, continued to improve. melissa. dierdre: thank you so much. on to the big story of the day, time warner rejects twenty-first century fox's $80 billion takeover bid. time warner deciding it was not in the best interest of the company or shareholders to accept the deal. twenty-first century fox is of

course the parent company of fox business. joining me our very own charlie gasparino. we have adam shapiro along with james freeman from the "wall street journal." charlie, i will start with you. you've been reporting a lot on this. >> i go back to what i said last week. if rupert murdoch made a bid, it would be rejected. and there is, if you go to silicon valley right now, all you hear is talk about content. the googles, you name it, any major company with cash on its balance sheet wants to buy content and i said the minute time warner broke up, it was in play. i think this is not, listen, if you know rupert murdoch, i know you want to get to him, let me make the point. if you know rupert murdoch, he is one of the best in business bidding out these things. he knows what he is doing. i'm sure he will make another bid. i just have a feeling that this is the beginning of a war that someone else will come in on think, james. >> well, i think if you're time warner employee, just my personal point of view you would rather have business and assets

run by rupert murdoch than alternative. melissa: alternative. what is the alternative? cbs, abc? to charlie's point seems like they're in play one way or the other. >> charlie is right. somebody is going to buy it. >> they are in play. this company will not be independent. i'm not saying who. i mean, you know, i would never bet against rupert murdoch but i'm telling you, i don't know if this is the last shoe to drop just based, listen when i talk to bankers, i don't talk to some third guy at watercooler, i talk to top media bankers, guys that do this stuff, there is a lot of interest in this. there is a lot, a about five or six companies can do this and those five or six companies have cash. melissa: yeah. >> there is a lot of interest in doing this, bankers will make a killing. they will push deal with whoever. we had leo hindery on deirdre's show. he said it's a done deal. melissa: done deal with 21st century price?

>> twenty-first century fox. the only hurdle is non-voting shares and how you get past that -- >> he has been involved in a lot of crappy deals. >> i will let you deal with that. melissa: speaking of hurdles, this is the reuters headlines in the last few minutes, talking about succession within 21st century fox, beyond rupert murdoch as being one of stumbling blocks whether time warner is comfortable with that. james you want to venture there. >> i think you do have to be careful with a lot of corporate governance best practices proxies advisors some of these various interest groups raise, often data is not there reminds me of concerns raised about jamie dimon. there is kind of a religion in some of the proxy advisory world that you have to split the ceo and chairman title. it is not really backed up by data or evidence. >> by the way, if that is one of the hurdles, seems like that is a hurdle you could overcome. there are so many smart people here.

he has got a broad succession plan internally, i'm pretty sure. that is, that is, something you can overcome pretty easily. that will not hold this deal up or prevent us from getting -- there will be other, regulatory issues. clearly we would have to spin off c in n any other regulatory issues? melissa: that network would be sold to another bidder no doubt. abc, who knows. >> does time warner go out and say save us to somebody? and that's, i think that's a possibility here because they don't want, current management doesn't want to be bought but us. that is pretty clear. melissa: move on from there. fed chair janet yellen clarifying those stretched stock valuation remarks in her second day of testimony on capitol hill. she appeared to be walking it back some. >> some things may be on the high side and there may be some pockets where we see valuations becoming very stretched but not generally not. you know, at alarming levels by

any means. melissa: what do you guys think of that one? we're passing notes over here. >> federal reserve is always behind the eight ball when it comes to bubbles. they're always late to the game. used to be stated policy they don't acknowledge a bubble, asset bubbles. melissa: why did she do this and why is she walking it back now? do you think that was mistake or calculated? >> call it progress. she and her predecessor have spent years trying to drive stocks up. melissa: right. >> their strategy has succeeded. melissa: wildly. >> she is in the position probably where she is thinking okay, now it has fallen to me to unwinded this policy. she's probably struggling with how to do that. >> should point out greenspan, i've been a critic of greenspan in the past he was right about irrational exuberance in 1996 or 7. melissa: 6. >> it did blow up a couple years later. melissa: two owe three years. >> no, he was not right. how did he respond? he ended up reflating the --

>> i understand that but he called the bubble that actually was. but what i'm saying with this, you could, bottom line is this, you keep interest rates this low, average people will buy stuff like, i don't know, that crazy internet company with the -- >> pets.com. >> with the camera. melissa: gopro. >> whatever. that is going to be, that's a problem. melissa: all right. yahoo! shares taking a dive after disappointing quarterly results. ceo marisa mayer insists it is only a short-term setback as of this month she has been at the helm for two years. look at that chart. adam shapiro, let you go first. >> they don't control enough of ad market to be promising only short term. she is up against behemoth google. she will get a good bump when they sell shares of alibaba. they are you know performance. melissa: give themselves a little bit more cover. she said, that transformation the size and scale takes multiple years. this is just short term. they're not satisfied with the quarterly results. james is that enough for investors? >> i think they will be

disappointed especially last winter seemed like maybe they were turning the corner. melissa: yeah. >> you look for good news in this and still only sort of exciting growth part of it is alibaba. melissa: two years is the about time people start expecting to see something real happening. bring in a new leader to failing company. they're allowed to buy time. maybe they burn the whole house down and try to rebuild it. after two years people get serious what have you really done. go ahead. >> this is business constantly changing and innovating and you don't hear innovations coming from yahoo!. you hear selling off alibaba. one of the great things about rupert murdoch he may be0 but he acts like he is silicon valley kid in his 20s. looking ahead. how do i make my next move. how do i take the company to the next level. why he sees what he sees in time warner content. that is such a huge thing. melissa: we're all about content. devastating news in what could be a sure sign inflation is on the way as well as the chock

apocalypse. no way to say that. hershey is raising prices by 8%, 8%! rising costs transportation, material, utilities and talk about forex. hershey's is worried about forex! >> commodity prices. melissa: yeah. inflation. inflation. >> another thing making janet yellen nervous they have printed all this money and pushed it out all -- melissa: but it is noise. >> overall inflation rate, you can't say it is flaring but especially number of these food categories you've seen pretty -- >> i wouldn't call chocolate food necessarily. melissa: to zoom people it is. -- some people. >> one ingredients, commodities. >> cocoa. melissa: raw materials, package, utilities, fuel, transportation, forex. that covers it all. what independently comes of those ingredients into their products? almost nothing. coffee is way up. coffee is way up. thanks, guys.

at all costs the obama administration's new plan to block companies from merging with foreign firms to dodge the taxman, it is completely american. more from our panel coming up. plus, are you ready for warren? staunch supporters urging anti-hillary to take the reins and run, warren, run. more "money" coming up.

melissa: a taxing debate in our nation's cap teal. the white house calling for action to end tax inversions. treasury secretary jack lew urging lawmakers to quote, shut down abuse of our tax system! fox business's rich edson more from d.c. so abusive, unpatriotic, i can barely take it, rich. >> democrats in congress are issuing a bill to prohibit a u.s. company to merge with a foreign firm and merging taxes overseas and without changing who controls the company. the administration is on board. treasury secretary jack lew says quote in a letter, we should prevent companies from effectively renouncing their

citizenship to get out of paying taxes. republicans are rejecting the idea saying congress should deal with this and other tax issues only in an overhaul of the entire tax code. house ways and means committee chairman dave camp says, quote, non-partisan experts looking ad this policy say it doesn't solve the problem. companies will continue to move overseas until we address the fact we have the highest corporate tax rate in the industrialized world. even senate finance committee chairman ron wyden, a democrat seems non-committal. saying i'm talking with my colleagues and exploring options for addressing this in the near and short term. as for long term tax reform, congressional aides gavegive it very little chance of advancing this year. back to you. melissa: rich, thank you so much. let's bring our panel for more reaction. heritage foundation chief economist steve moore. we have jonathan hoenig from capitalist pig hedge fund. they are both fox news contributors. you recognize charlie gasparino. he is back with us as well. steve moore, let me start with you, fun to see them scramble.

but at the same time, i mean, what did they expect? >> well, this is a big issue. i mean this is, the current tax code really is unpatriotic. you just had in the last six weeks or so, let's see, pfizer was talking about leaving. then med electronic and walgreens. how many companies have to either threaten to leave or leave for places like ireland? the president's plan isn't going to solve this problem because what will happen, melissa, if you put this in place we'll not have, all the multinationals will not be american companies anymore. and they're going to be in germany and ireland and other countries. it is ridiculous. melissa: economics goes where money is treated best. if it is clear you will treat corporations poorly they will domicile elsewhere because they have a after all fiduciary responsibility to shareholders not to the government to give them more money. somebody like jamie dimon companies should feel free to bail on u.s. the corporate tax code is driving companies overseas, he said something like that on his conference call, sort of courting even more danger. jonathan what is your take?

>> what is the collect at thissist, what is leftist, democrat perspective, melissa? the wealth a company like citigroup or bank one or whatever creates is owned by the government, right? it is people's money and government's right and role to redistribute it. so of course you're seeing a lot of big corporation, and individuals leave high taxed u.s. even a lot of high taxed states. very rightly some they're running away from their killers. not their physical killers but their economic killers this whole notion that or individuals owe america, the individuals and companies are the ones that create wealth in america. melissa: who does the argument worth with? that it is unpatriotic? it works with some folks or else they wouldn't make it? >> it is a desperate kind of a plea. melissa: does smell very desperate. >> when i think of all -- melissa: not fair! >> all potential solutions to this problem, clearly our corporate tax rate is a lot higher than other countries. other countries are benefiting from lower corporate tax rate where companies are going over there and settings up

partnerships. the solution is obviously something that this administration doesn't have the, doesn't have the guts to go through which is, a tax reform bill. and, you know, it is not,is nota way to keep them here to prevent mergers. guess what? what will happen is that u.s. companies will do as you said, seek their fiduciary responsibility and they won't be anymore u.s.-run companies anymore. >> melissa -- melissa: they have run out of other arguments. >> people unpatriotic here, people unpatriotic here are members of congress and white house won't do anything about companies shipping jobs overseas because of the corporate tax system. that even president's own commission say is shipping jobs overseas. unbelievable! melissa: thanks, guys. appreciate it. check out the markets. the dow continuing to climb. we're right at session highs. nice gains for intel and ibm, driving the trade. let's go to nicole petallides on the floor of the new york stock exchange.

good day down there, nicole. >> it is and every time people get worried they see another record. we had pullback last week. there was concern about portugal. there is with pullback when we heard from fed head janet yellen yet look another record high today, led by technology as you noted, melissa. we're seeing intel moving to levels we haven't seen in over 10 years. it is up 8%. microsoft, also at a new high. that is up. intel came out with numbers and revenue forecasts made of expectations. they're seeing pc demand on the rise. that is good news for technology and really led the way here. back to you. melissa: nicole petallides, thank you so much. tesla powering up its third model. the new car set to hit the road in 2017. will it live up to the hype? just me, myselfty and i. immortalize image on piece of toast. that is so money. do you ever have too much? ♪

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♪ xfinity presents the people's hotlist where you choose this summer's top 100 shows and movies. and all you have to do is watch with xfinity on demand. now through july 23rd. vote! melissa: just in, arraignment today for alex tickleman, the high-priced call girl accused of killing a google executive by injecting him with heroin. this is not the first time she has been tied to a death like this one. last september, alix tickleman's lover died in atlanta, what police determined was accidental overdose. could this latest death also involving heroin be a coincidence? fox news's claudia cowan has more. quite a story, claudia. >> right. we're live at the courthouse today where alex tickleman did enter a plea of not guilty a short time ago. this second case that you mentioned is getting a closer look, melissa. even if investigators in georgia

determine that heroin overdose was an accident, prosecutors here will use it to show that alex tickleman had a conscious disregard for human life. that is a critical element of manslaughter. tickleman can't say she didn't think it would happen because it happened before. she clearly knew using heroin could be deadly. so prosecutors here in santa cruz county will argue that tickleman should have called 911 when 51-year-old forrest hayes a google executive and married father of five lay dying on his yacht here in santa cruz last november after a night of partying. police have onboard surveillance tape that showed tickleman mixmixing an injecting hayes with heroin, stepping over his body, cleaning up the scene and finishing up a glass of wine before closing the blind and taking off. as that looks for her this is not cut and dried case. legal defense experts say they will put the victim, hayes, on style. >> his life-style with this

person and prior interaction with prostitutes and drugs because that is a huge part of this case. they will tear down this image of this father of five good husband and say, no, he was paying to party and got exactly what he wanted. it just went too far. he wanted an adventure. it was an adventure he never came back from. >> the toxicology evidence will be critical in this case. tickleman injected herself with the same batch of heroin on the boat that night and she walked away. the defense will look at hayes's health and what else he had in his system that could have caused his death but keep in mind, melissa, tickleman is also accused of transporting drugs and tampering with evidence. very serious charges that could send her a way for a long, long time even if she beats the manslaughter charge. melissa: claudia, wow. thank you so much for that. elon musk is hoping three is the key to finding a new base of tesla customers. the electric carmaker officially branding the fourth coming vehicle, the model 3, surprisingly reasonably priced,

$35,000. that means the three has some company. we have fox car reporter. what do you think about this. >> 35,000 after the federal gas tax credit of 7,000. it puts out there with the luxury cars like bmw 3 series. melissa: that probably where they got the three pro. >> exactly. melissa: what does it mean to tesla? that has been, it has been the knock and positive for them. what made tesla cool they had this very fancy, very desirable car where before them, a lot of the electric and hybrid vehicles had been, you know, sort of uncool and, you know, didn't have any cachet to them. is this a smart move or maybe not? >> this one promises to be just as sexy as model s. the battery technology is getting better. that will be cheaper. still will go 200 miles per charge at that price point. be like a bmw 3 series or mercedes e class. nobody else is really working on

this kind of car. melissa: what allows them to get into that price point? you talked about the battery factory and new battery made here. is that the big difference that makes the car so much cheaper? >> that is the key economy of scale. if they get the price down they can make money. right now the car is $70,000. probably 10, $15,000 of that is just battery pack. to get this price point down they will need factory. melissa: do you see the other models discounting as well? >> i think they eventually come down. battery pack gets cheaper. they can lower the price. original car, the roadster which was really different battery technology had originally 150-mile range they said they would offer a new battery for it with people who own the car that goes 400 miles per charge which is really impressive for electric car. melissa: another potential to save a lot of lives. researchers developing a car seat with electronic sensors that can tell when you're falling asleep. it is built into the fabric that

you lean against, monitoring your heart rate as you driver. a warning sound then rings as you start to doze off. i can foresee a lot of problems with this one. checking your heart rate. when alarm goes off, i don't know, i go flying off the side of the road as buzzer went off inside the car, jars you awake. >> electrocardiogram system built into the seat. can probably tell if you're having a heart attack. ford has also been working on this technology. the real hope by the time they're putting this in cars the cars will drive themselves a little bit. you have an event, fall asleep, maybe slow down, hit the brakes and steer off the side of the road. melissa: maybe with an alarm will tase you? gary good sport, taking my question seriously. thank you so much. hillary gets a sense of humor. the former first lady gets a roasting on late-night television. she might have given more information than she intended. i don't know. she is smashing cookie.

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melissa: hillary clinton using her appearance on a daily show is an opportunity to do damage control attempting to soften the pesky did barrel come into. >> i was at the -- we were did broke. >> that was an in artful use of words obviously. other people and particular lee younger people won't have the same opportunities we did. >> it is awesome it says to you are running for president. how easily you pivoted from that into income inequality in

america. melissa: steve more is with us, of fox news contributor. a friendly, funny show when you are thinking of running for something makes a lot of sense. what is your take? >> bill clinton was the master of this and always very funny when he was on these shows. hillary wasn't very funny and was on the defensive. melissa: what did you think the key he was funny but i don't think of her as jokey. >> she never had herof her as j. >> she never had her husband's political talents. what makes the clintons unique is they have found a way to monetize both the trappings of the former office and the

potential of her future power. no one is better at pulling money in. maria: the show is called many some ahead is off to these folks for making $200 million but at the same time i am not sure their fan base loved that idea. >> if there is any issue that cuts across party lines, people in both parties hate crony capitalism. some how you use your power, your access to power to make a lot of money. the clintons, both of them for better or worse, she is a qualified person to run for president, she is smart, has been there before. not saying i will vote for her but she is extremely qualified but people hate the use of power to make money, crony capitalism. gm bodies it. will be a hard thing to get around. >> what makes it smelled bad is yet knowledge in this interview she's getting paid $200,000 an

hour. who would be paying her? goldman sachs is paying her. goldman sachs is financing hillary clinton. >> the vast dynamic of a motivational speaker, hits the ground rolling or are they buying stock? >> you don't understand the tinkle that goes up -- melissa: let's move on. >> lloyd blankfein's leg for hillary clinton. >> she should have played the saxophone. melissa: a new web site declaring war on hillary clinton, senator warren's supporters, making some not so veiled jabs at mrs. clinton. a post on the site reads, quote, we are not rusty or well-connected. we don't have any lobbyists. we are ready for elizabeth warren to run for president in 2016.

one is the backbone of the democratic party. 2 often forgets that it needs a spokesperson, tells politico the senator does not support this effort. i am sure she doesn't. >> i never took the elizabeth warren thing very seriously but now i am. cheese to the left of him. i was wrong about another junior senator to be heard six years ago. melissa: hillary clinton is painted into a rich corner where she doesn't want to be. >> i was surprised when she says she was not running for president because i believe she would be hillary clinton. melissa: she said she was not running. you can say that and change your mind. >> i think she would be a big problem because she would be the first woman so she would take that historic argument away from

hillary. she is the rock star in the democratic party, a elizabeth warren. melissa: friends with new york post, has the support of the president. >> as someone who wants more economic freedom, lower taxes, less of this insane government we have right now, it is my dream to have elizabeth warren run and that is why she would never run. it is too good to be true. melissa: she represents in sane government. melissa: if she beats hillary that would be i would throw a party. >> that is what they said about barack obama. melissa: going west in search of support for the next political -- the kentucky -- reportedly meeting with both mark zuckerberg and peter teel on a recent trip to silicon valley. >> sun valley. melissa: charlie. >> someone who got a chased out of sun valley. melissa: what is it about rand paul that could appeal to these

guys? >> at sun valley, at sun valley, the both of them, i saw chris christie having dinner with mark zuckerberg. i think this, this is interesting for the democrats. when you get silicon valley liberals believe in a moderate, centrist republican -- melissa: that -- >> you have a problem in the democratic party. you are losing your base of money. melissa: the ones that are not liberal libertarian. that makes this interesting. they are not necessarily liberals but there is something going on. >> rand paul is selling himself as the new republican who can expand the base. he was at berkeley a few weeks ago, got a standing ovation.

melissa: james freeman. i don't even know what to make of that. a hot potato three times. >> rand paul is great but i worry as americans, it is of very exciting agenda except for the nsa stuff. i don't think we can retire from watching our enemies but that is popular especially on the west coast, college campuses and young tech folks. melissa: thanks. what sounded like a pipe dream is making its way down the political pipeline. the golden state could become more diversified. the man with the six california plan, tin draper will join me next. at the end of the day it is all about money.

melissa: i am melissa frances with your fox business brief. uber could be worth $200 billion in the future according to google ventures who have invested in the service multiple times. its value would be equal to that of toyota and double that of ford. the art market is on a tear, selling $4.5 billion worth of artwork in the first half of the year. among them were 50 pieces that

sold for $10 million. total sales are up 22% from the same period year ago. bank of america shares falling today after 40% last quarter. much of it was wiped out after the bank paid $4 billion in legal costs. that is the latest from fox business network giving you the power to prosper.

melissa: a petition to split california to six state has attracted a million signatures and major criticism. the track is claimed this would create more problems than it would solve. one backer think there's more than enough california love to go around. joining us is the brains behind it, venture-capital list jim draper. thank you for joining us. what problem do you think this solves? >> it is interesting. 40 years ago california was the best state in the union. not only beautiful weather but we had a great government, we were first in education, great for business, it was a wonderful place to be. not any more. you go forward 40 years from then until now and california is 47th in the union in k-12 education, 20% living below the poverty line. melissa: i don't want to run out

of time -- >> we're the worst state in the union to do business bar none. 50th and we are the biggest state. i think -- i have met all these people who worked in government trying to make it as good a state as possible and working as hard as they can. melissa: how does chopping it up solve that? >> what happens is california is too big band with six states we will be closer to our state government, more connected. and we will have a choice. if we don't like the government we are in, we can be mobile and go 45 minutes in any direction and change states. we could do that anyway but california is such a gorgeous place not wants to leave. melissa: i grew up in southern california so what you are saying makes sense to me. i think some people have problems with the way it is carved up. we have fog map of that. if you look at it you are

putting silicon valley in isolation and to me it looks like everybody who is rich in silicon valley wants to put a big moat around their well and keep it in one spot. are there alligators in that most or not? >> what is interesting is yes, there are going to be states that have more money than other states, but what will happen is with the current regime that is the situation. there are people that are not making much money in central california and there is the reason for is that. we have a state that is not good at supporting manufacturing jobs and those manufacturing jobs are going to texas or louisiana. they could go to central california and we could get those jobs there. adding six different states gives us a chance to do a refresh. we can think in terms of how might the government be managed?

pretty much living -- melissa: the tax base for these individuals, other states don't. through the federal government they do. is it about keeping the money and tax base in its own little state and there's a lot of push back? silicon valley next to what would be central california is lenore calling it that that would be the course of the six states. >> actually that is what is great. in singapore, 40 years ago everyone was making $100 per year on average and now they are making $40,000 per year. that is because a great platform was billed for singapore. the same thing happened in japan and korea. they are one of the wealthiest -- three of the wealthiest. melissa: do you think this has a shot? >> the same kind of thing could happen in central california. it is up for area where the

current regime with the status quo -- melissa: do you think this has a shot honestly? you think this has a shot or just making a point? >> absolutely. i think people really want a choice now. i don't think they are happy with the government. we have social me the at and ways of finding things out about what our government is doing and i don't think this monopolistic approach -- melissa: is interesting. >> six californias is a great -- melissa: thank you for coming on. we are out of time. >> fixcalifornia.com. melissa: another record high for the dow. liz claman will take us through a busy hour. the take it away. liz: everyone is talking about will we finally see or not that merger between time warner and fox? interesting development here. we have the man who had run a o l which bought time warner many years ago.

he is bob pittman of clear channel and he will be joining us to talk about how he views a potential match up. tom warner said absolutely not and fox is sitting tight. bob pigman, chairman and ceo and founder of mtv will be joining us, if we look is so many issues including records of the market, we will be talking to palisades' capital management and we see a lot of green on the screen but not the russell 2,000s, it lost its gains among last couple days. dan is a believer, he will bring some stocks as well. we will see what the top of the hour. melissa: go big or go home, warren buffett bringing the donation came to a new level beating his then giving record. time warner may have turned down an $80 billion deal but investors are not too bad at that. we will tell you how pretty the ceo is bidding today. you can never have too much money.

melissa: whether on wall street remains figures is making money, anyone with a piece of time warner. shares of media corp. spiking after rejecting a buyout deal from 21st century fox passing up 18% on a day. the ceo jeffrey fuchus made $54 million today. not bad. giving away money, warren buffett, beating its own personal record donating $2.8 billion charity. $2.1 billion going to the bill and melinda gates foundation in the way of 16.5 million shares of berkshire hathaway stocks.

the generous gift knocking warren buffett down a notch to number 4 on the forbes list of the world's richest people, losing money, horror movies. scary movie ticket sales plummeting drastically despite a boost in box office last year. not one more movie has been number one at the box office this year. the new horror flick anarchy to bring dying sales back to life. get it? a quick check of the markets, the dow continuing to hold a new intra-day record high. in the pits of the cme with more, what is driving the trades >> we looking at earnings coming up from a lot of companies this week and this is what the market has been waiting for. we have been shopping around last month and a half waiting for the next catalysts and earnings have been strong. we have no economic data has been upticking and we have been looking for translation to end corporate profits. jpmorgan, citigroup, goldman sachs, all the stocks of reported better than expected earnings, intel among them as well, some more coming up from

the am. morgan stanley and look at other sections of the economy but it seems investors are optimistic and looking for another way higher on a market, we are trading all-time highs. melissa: great insight. when taking it, you easy enough. now you can start reading them for breakfast. find out how selfy toasts may be the next crazy that. at the end the date is all about test. ♪

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joins me now. so, what gave you the idea to burn someone's image into the top of a piece of toast? >> i'm sorry, say a gain . >> what gave you this bright idea? >> if i told you that-- i could tell you two years when it's legal. melissa: i don't even know what to make of that one. i feel like maybe this is an elaborate ruse so you can say to people go eat your face. that sounds obscene. is that what you are going after? >> no, i was experimenting and doing photograph with my new machine and it came out really good and i thought wow, cool product let's go for it. melissa: can you tell me how it works québec how the machine works or have a toaster works? melissa: whatever prince this smoky image on my brain. >> is like a silk screen. it's a plate that has a design and instead of ink

you are using heat and it goes through the holes in the plate. and it's very simple. melissa: i understand it will cost about $75. do you have a lot of orders? >> that includes shipping. the last 24 hours it's blown up. i've got seven days work ahead of me now. melissa: well, get back to work. yet the current those babies out. thank you so much. look, who is that? what do you think? i look at so smoky. what do you think? >> that does look good. >> that would kind of kill my appetite. mainly i think a gale and is a star and whatever he is

selling i'm buying. melissa: without question. that's all we have for you because how could we follow that segment. instead i will hand you over to liz claman, "countdown to the closing bell" starts right after he and. ♪ liz: another new intraday with record for the dow, today's a row. will today be the day for record lows? time warner stock on fire today on news 20% restock tried to buy the media giant for $80 billion what was rebuffed. is the deal really dead in the water or with the stocks make a new bid? will other suitors jump in? the white house calling on congress to immediately crack down on so-called past inversions, that's where the company's reincorporate overseas. what could it mean? and meet have no water? no problem. the powder version dissolves in your mouth