and see it pop and drop. [closing bell ringing] you can make money on moves. david: oil stocks are down. we don't talk much about oil. all the focus on stocks. oil is down 2.2%. exxon with oil stocks taking it on the chin. we're trading d session ends. that does not forebode for tomorrow. anything can happen tomorrow. there could be buyers into the market. very heavy volume on this very, very negative day. as list mentioned, the dow lost all of its gains for the year. not so the s&p. the s&p is doing well for the year. this is a day will go down the year 2014 as one of the worst trading days we've had this year. look at russell 2000. start at the bottom and work our way up. we didn't mention emerging markets because we will. argentina's default playing into

some of the pessimism on the street. nasdaq getting hard as well. well over 2%. dow jones of all the indices, least hit, 316 to the downside on the dow. very busy day. "after the bell" starts right now. liz: we're waiting on earnings from tesla, linkedin and gopro. the much action today. great people to talk about it. matt, royal oak financial group managing partner. despite today's big drop he thinks stocks will end the year at record highs. he will tell you why. jonathan brodsky. advisory research management director. with three pike's picks to add to your portfolio. bob eye chino in the pits of cme. -- iaccino. we argued last hour what triggered this. does it truly matter at the end or was it default in argentina

and problems in europe? >> you're right where it says it doesn't truly matter. it doesn't. i trade reactions to the news. i don't trade actual news itself. argentina was a trigger to a lot of things that were happening. when you look at qqq daily chart for example, we had three days prior to today we gapped up on the open and finished lower. with higher highs and lower lows with negative closes. that is very, very negative. you seen this cascade. you mentioned russell. negative on the year down, 11% full correction. three or four days ago. things have been building up to. argentina happened to be trigger for the end of the month as people get out of things. david: we'll talk to the former argentine finance minister coming up in about 20 minutes from now. stay tuned for that. matt, the news was people's salaries are getting a little better. that is good news. sometimes good news is bad news for the market. the idea the fed is running out of excuses for zero interest

rates. as it runs out of excuses we may not have to wait until 2015 for for interest rates to rise. what do you think? >> david, it will not happen. david: i would just suggest the market disafreeze with you, if only for today, if only for today. go ahead. >> the bond purchasing program will end at end of october. the fed will wait at least two quarters to collect a lot of data and figure out what the next move is going to be. david: have you been spying on the fed? have you got a listening device in the fed meeting room? how are you so sure of that? >> look what the fed has done so far. they are walking usus through the whole thing step by step. for them to rate cut by the end. year would totally kill the market. from the worst days come the best days. the noise is a lit louder than normal. it is the same noise. liz: there is noise and cheering at linkedin because the stock is jumping on its earnings report. ashley webster on linkedin.

>> yeah, liz some good numbers here. earnings per share eps coming in at 51 cents. the estimate was 39 cents, a big beat there. revenue coming in at 543 million -- the revenue estimate was 510, basically 5million. that up 47% on the revenue side year-over-year. says its premium subscriptions also up year-over-year by 44%. so certainly a big beat. some of these numbers are looking pretty good so far. so you can see the stock reacting to that in after-hours trading. liz: the stock is up some 7%. full year 2014 guidance of a buck 64. revenue of 2.13 billion. we're seeing gains hold although the ask at 180. bid right now, for linked in, 192. let me bring in jonathan brodsky. jonathan, knowing all you do what you do about today and fact we lost all the gains for the dow jones, does a day like today

change the way you investing and buying stocks. >> it certainly does not. there were number of events that caused props in the market starting with europe with the news about banco es spirit tee. -- es spirit toe. liz: that is the portuguese bank with financial problems. >> that is correct. move to the argentine news. it was a lot of issues. it has not changed our perspective on long-term attractiveness and belief we have that the overall global economy continues to improve. david: jonathan, i see you like emerging markets. i just come back with one word, argentina. if, i know that the marriage managers is a lot more than argentina but the argentina shows danger investing in emerging markets where governments decide from one day to the next to do crazy things. >> certainly. the argentine index was down

7 1/2% today. david: look at that. >> interestingly versus last time argentines defaulted you didn't see a lot of contagion, serious contagion today. from our perspective valuations in the emerging markets are extremely attractive. long term we think there are very attractive opportunities for investors who take opportunity now when valuations are so low. david: by the way, i should mention emerging markets index is down less tan 2%. it held up better than dow. >> right. liz: does that underscore what jonathan is saying this should be opportunity to buy names discounted on a day like today? >> i totally with jonathan and i agree with matt from earlier as well. we saw selling as cash closed. probably heard it in the background. selling doing with end of month. that is how far we're down. first day of the month could be up especially non-farm comes in.

say non-farm comes in strong or non-farm comes fair to midland, i agree with matt. janet yellen personally said i like behind the curve. another way she said she would like more inflation an more employment along with it. so i don't think the fed moves. i agree with both of them. i think there are buying opportunities. i'm not sure -- david: are you buying though, bob? are you buying? put your money where your mouth is, if you are -- talking to a couple of bulls who are saying what you're saying but they were selling into this downturn. are you? >> well, look we're talking about a market here that operates 252 days a year. the day you buy doesn't necessarily the change your view of it. david: bob, i understand but you're not answering the question. buying or selling today? more buying or more selling. >> i'm not buying today but i love linkedin. ii have a short-term target. overall market changes that view. liz: if you want to buy a name that has been hot, too

expensive, maybe it is tesla because it is falling in the after-market session. we're working through the numbers right now. ashley webster has them. what about this report due, markets or investors do not like? although it is coming off the floor here. >> are you talking about tesla, liz? liz: yeah. >> the problem you see it moving much lower in after-hours trading. eps is up 11 cents as opposed to four cents which was estimate but revenue coming in short at 769 million. the estimate was for 810 million. i was looking at deliveries which of course is very important, coming in at 7579 for the model s vehicle in the second quarter. of course they said they want to, they want to deliver 35,000 of these model s vehicle this is year. the company saying they're on track for that goal. but a miss on revenue at 7.69. liz: we're looking at new assembly line. they did halt assembly line in fremont, california plant.

they're expected to start that up to do their crossover suv, the tesla model x. the new assembly line, apparently, this is flash from tessa, has capacity to produce more than 1,000 vehicles per week that. would certainly scale up pretty quickly for that car, right, ashley? >> that is exactly right. they have also chosen to speed up investments in production capacity and that gigafactory they have been talking talking h panasonic. they have been looking to expand with more office space in silicon valley. they're trying to get more workers closer to the plant in fremont. they certainly seem to expanding and trying to get the rate of nair cars produced and delivered to pick up little more. they hope to deliver 35,000 model s vehicles this year. they still believe they're on track for that. liz: here they go on the gigafactory. this is important. they are waiting to announce, they have got the deal with panasonic, to work on the gigafactory where they will produce these batteries. they're saying capacity in the

gigafactory will basically absorb or at least like a sponge suck up a lot of what would have been their cash. so they're putting big investment into it. this clearly a growth stock. now you see the stock is coming up off the floor in the after-market. getting closer to the closing session price here, david. david: just beat it as a matter of fact. as they look at some details. matt, what do you think of tesla? >> i think tesla over the long haul probably do well but they have a lot of issues to work out. they are still trying to work out the lithium battery situation. at end of the day you don't get excitement driving a electric car rather than a gas car. liz: i couldn't disagree more. david: we know people with a lot of money, with 100,000 or so can afford to do that but what about peep in the middle class? they're trying to work on middle class electric car. so far that model has been extraordinarily elusive for automakers that done that? >> i agree. perhaps if oil were to come down

quite substantially it would continue to be not a car that they're going to want. if oil skyrockets electric car makes sense. liz: if that were the case, fewer people would buy iphones because they're so expensive you would buy a cheaper phone but people still want the iphone. when you talk about kids, i saw a tesla. my own children, my 10-year-old said i saw a tesla on the street. they know what it looks like. david: but kids are not buying cars. liz: they aren't. they want their parents to. i disagree with what you said, hard to get excited about electric vehicles. david: very expensive ones, liz i agree with you on. they are a beautiful car, selling particularly in california where you're given incent it to buy them. middle class car what will they do all the other carmakers tried to sell pure electric cars haven't been able to do. i haven't seen the right formula. liz: matt, bob, thanks to all of you. david: today's perfect storm as liz was saying, started with bad

news, argentina's president, seen here is leading her country to default on its debt. will wall street ride to the rescue with a last minute deal to pay bondholders? we'll ask the former argentine economic minister, domingo cavallo. liz: streaming music business caught imagination of wall street and main street was talking about it too. apple is swinging the act at beats. details on layoffs straight ahead. david: also, folks, we want to hear from you. tell us why stocks are tumbling today. is the start of a big correction? tweet us @fbnatb. your answers later in the show. ♪ [ male announcer ] once, there was a man

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liz: see the initial reaction when numbers come out sometimes the complete opposite what will happen. that is what is happening with tesla which is now rising after-hours following second-quarter earnings. david: the question is tomorrow, not just for tesla but the whole market. let's go back to nicole petallides. she has been looking at tesla numbers to tell us why it had this turn-around. what do you see? >> market selling off 317 points yet you are seeing tesla move to the upside after they came out with their numbers. revenue were light, earnings per share good news. 11 cents beating estimates of 4 cents. revenue a little bit light as i

noted. came in 769.3 million, versus 861.3 million. did not meet estimates. everything i'm doing is they're accelerating in investments, the production of cars. they're on track more than 35,000 deliveries in 2014. investing 750 million to 950 million in 2014 that. is increase from their prior guidance. they have money and they will be investing it. the stock is doing well here in after-hours. it is up 70% in the last 52 weeks. liz and dave. david: thank you very much. liz: nicole pet p. as the dow erases all of its gains for the year what caused the market to really drop more than 300 points today? david: here with us is charles payne, host of fox business, "making money with charles payne." indeed a lot of people have questions. will they continue to do so in a downturn? big question for you, were you doing more buying or selling today? >> i did some selling at open

but -- david: in total, did it amount -- >> who will buy when the market is dropping 300 points. david: somebody very bullish on market. >> number because you're bullish doesn't mean you buy every tick down. it means, longer term -- david: this is not just every tick. 300 points. no bargains at end of the day? >> yeah. but down mean a bargain can not become even cheaper bargain. that is the point. there were bargains at start of the session, stocks down lower. doesn't mean a great stock can't go lower particularly people selling wholesale. there is no urgency particularly ahead of jobs report. i can't imagine too many people were buying today to be quite frank. liz: david chalupnik from nuveen with 120 billion in assets. i'm telling anybody to buy and sell. they have many fund. consumer discrest that. >> ry he likes. does this a have -- consumer discretionary has a --

>> we were down 300 day. it is long weighted. you had a great guest on the floor. didn't catch his name. he talked about nuances of the market where we gave up 75-point rally one day. we had a few sessions earlier this week, we had these reversals. that is what i was trying to say, david, from my subscribers i gone from 10% cash to 20% cash. you can anticipate or see this coming. so the most important thing to do, even if you're bullish, raise your cash position, sell your more vulnerable ideas or more vulnerable stocks to be prepared. today i took some losses. today i took some gains. i built up a little cash. i don't have to get in there tomorrow but i have been waiting for this pullback to be quite honest with you. david: how far do you think 2 goes. >> i'm not sure. i'm really not sure. this funny thing about wages going up, 2% year-over-year in a healthy economy, is 3 to 4% year-over-year.

it is a first glimpse that we got. i don't know. i swear -- david: by the way, first glimpse of something that the fed has been pointing to time and again. they say when the average joe has a little extra money that their pocket we'll think about normalizing rates. david: >> right. david: do you think they're pushing ahead based on today's news? >> today's news didn't change their formula. whenever they planned hiking rates which will be second half of next year, i don't think today changes that. it moves the needle toward that, you know, changes the need dill a little bit but we had the worst chicago pmi number in about six years today. liz: purchasing managing index. >> housing numbers today. initial jobless claims went back up. the fed is pretty stubborn. i don't think they would move. i personally love to see them move. we have to take the pain let's take it. take that sharp, i know it is painful and we're crying, screening, pulling our hair out but a lot better than water torture kind of thing. these sessions, this was a

session long coming. way overdue. i know people don't like to hear that. people don't like to live through it, if you're invested in market more than couple months typically you experience something like this. liz: one ever best calls was tesla way back in the day when everyone was bearish. david: how long ago was that. >> i came on 40 bucks. much "new york times" wrote a scathing article about them. run out of juice. got hammered. buy it. liz: $223 today. >> thank you. thanks a lot guys, buckle up. don't be afraid. liz: catch "making money with charles payne" on fox business. you guys need to watch it, 6:00 p.m. he really holes his own feet to the fire. david: i can't wait for today's show. >> what about tomorrow when i do my report card? it won't be as pretty as last week. david: we'll be watching 6:00 p.m. from now. only hour 1/2 from now. argentina in selective default, that is what they're calling it, is it too late for

last-ditch deal from bondholders? we'll talk about a man who knows about crisis management in argentina. the former economy minister of argentina, domingo cavallo will be with us next. liz: samsung's financial stumble. it happened. they missed earnings. apple's main rival in the global smartphone market. took micron down with it, right, charles? immediately samsung comes out swinging with new products! can't keep them down. details straight ahead. ♪ she inspires you. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right.

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the fastest elevator. the fastest speed dial. the fastest office plant. so why wouldn't i choose the fastest wifi? i would. switch to comcast business internet and get the fastest wifi included. comcast business. built for business. with the top speedou compare of comcast the top speed of business dsl from the internet... phone company well, there's really no comparison. why pay more for less? call today for a low price on speeds up to 150mbps. and find out more about our two-year price guarantee. comcast business. built for business. david: time for a quick speed read of some of the day's other headlines, five stories inment first up, target named former

pepsico chief executive brine cornell to lead the company. first time they have tapped an outsider to lead the company. beats the tech giant is reporting to cut a lot of jobs, 200 at beats electronics. 40% of beats global workforce. according to data from challenger, gray & christmas, planned large-scale layoffs rose in july rose 24.4% year-over-year. in tech industry, lay cuts climbed 6% through the year in june. nordstrom is buying a website for men called trunk club. they send menotropins of clothing an accessories to try on at home before they decide whether to buy. i don't know, too girl-like. samsung will sell a tv that bend at flick of a switch. the company planning to unveil two new high-end phones over the next six months. this coming after samsung posted

first year-over-year trop in earnings in nearly three years. a little tardy. that is today's "speed read," liz. liz: thank you, david. times have been, unbelievably great for airline industry this year. global travel by plane is expected to jump 5.9% in 2014. airline frost profits are up and travel demand in asia particular is skyrocketing. 40%. wrap your mind around this, 40% of the commercial aircraft is currently leased. stage set for those in that business to make a killing. joining me now in a fox business exclusive, just that person the ceo of the one of the world's largest aircraft leasing companies. it is almost like a renaissance for airlines. the major carriers, most of them, record earnings. american giving out a dividend? we haven't seen that in 100 years. >> it's amazing. amazing airline stocks up 17% so far this year and growth, globally-based. the u.s. carriers are doing

terrifically well. asian carriers are growing strongly. not just in china but southeast asia-pacific. for example, right now, 5,000 aircraft operating in asia. boeing predictions by 2030 they need to triple that number to 15,000 just to keep pace with demand. liz: big airshow, sort of like the electronics show in england that. was huge event. you were there. >> right. liz: what that was like? what kind of business deals did you get to be a part of? >> it was a lessor led airshow. in past years it was airlines leading charge in terms of aircraft. they realize the lessors like us who buy aircraft and take depreciation benefits and pass them along to lower rentals to airlines. like awas, makes more sense for lessors to order aircraft especially new technology aircraft.

liz: so you did ordering. >> yes. liz: what is the hot airplane? you like everybody. airbus, boeing, embraer. all kind of jets. >> new technology we're all ordering. the new a330. the new airbus a 350. the boeing 777-x. what. liz: what is that like, 777x. >> carbon fiber. huge extra range. like size of your studio. it is so large. great comfort. they will put in lots of new seats for customers. a lot more flight capacity. wider seats. better inflight entertainment, more 500 channels 9 things like that it is wonderful. liz: you are really putting money up front and airlines are leasing it. which airlines are your biggest customers, ray? >> it is quite broad based. singapore airlines is our largest customer. in the united states we have united, american airline, air canada.

latam in latin america, qantas in australia. is really broad based. the key thing that airlines have 40% of their costs wrapped up in fuel. so they're pounding table for more fuel efficiency. that is what boeing, airbus, bombardier are giving them. liz: they're all trying to do that. as you run one of the world's largest aircraft companies, there is this word, you guys are valued, throw it out there, at $13 billion. at some point aren't you so big you should go public. >> it an interesting scenario. we're owned by private equity. liz: don't they want their money back? >> we make them a lot of money. so they're quite comfortable with that. they have invested $2.7 billion of equity in our business. they haven't taken a dime in dividend or interest payments out. our tara firm ma as well as canada pension plan investment board are incredibly supportive investors. liz: canadians coming through strong and silent. >> absolutely.

liz: what do you foresee this coming year? we had a tough market today. doesn't mean we're anywhere close to recession. you in the trenches doing business, how does it feel? >> demand is so broad based. any one country's demand spikes are downward trend, doesn't really affect the global aircraft leasing business. if you look at our growth sort of year on year, somewhere four 1/2 and 6 1/2% compound year on year, whether it is czars, whether gulf wars. any sort of crisis the demand for aircraft keeps growing. demography is destiny. as world population grows, as world population grows, demand for aircraft grows. think of someplace like china, china and asia generally, the share of middle class, share of world's middle class right now is 28%. it will go to 66% by 2030. that is enormous demand. liz: great to see you, ray.

giving us real perspective when is going on in the aircraft leasing world. thank you so much. >> thanks for having me. liz: talk to you soon. >> love to. liz: david, to you. david: demography is destiny. i love that line. he was at the top of the hedge fund world until the feds came sniffing around and made couple of arrests and that led to convictions of is trading firm. steve cohen is still in the game doing quite well. wait until you hear how welcoming up. argue gentine president christina kirschner is appears to play a game of chicken with bond holders. settlement talks broke down yesterday. we speak to former a again teen minister -- argentine finance minister and whether it will spread to the emerging market world next.

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david: argentina thought the all as it is being called, causing the markets detained and sending shockwaves through our markets as well. even with before talks were concluded, the s&p downgraded argentina to selective default. so how deeply will the default effect all emerging market and will it spread? joining us now is the former minister of economics. first of all, thank you so much for joining us and what is the reaction at home?

what did the markets do and what did the traders think is going to happen in argentina in the near future? >> they had a significant cost and the price of equity and this includes the economy and the people that this event may germinate even more efficiency. it's already happening as a modern inflation and it may be more stability in the market. but all of these problems are previous to this problem with accreditors. and i think that, i think eventually it will be a solution. it next year and 2015, argentina

will pay to the funds and we will try to continue servicing these individuals. david: let me stop you right there. because what you are saying sounds very reasonable and also very in different from your current economics successor. he is saying that he's calling these creditors civil-service and he's calling them names even worse than that and he's trying to drum up popular support in argentina to put all the blame for their current problems on these creditors. >> yes, that has been the strategy of this government all the time. laming someone else for the problems that have been a problem by their own policy. but that is just politics for

domestic consumption. liz: doesn't pay off a little bit for them? i'm wondering who they blame for argentina's current problems? >> you know, it might pay off to them in terms of weeks or months at most, but by the end, once the argentinians suffer the consequences of the policies and the additional complications, of course they will blame the government. and so i think that the government is somehow playing with fire and it may end up being burned and in the meantime, it is a political strategy. >> if i could just interject for one second. we are not talking about huge sums of money. i think the debt is

$1.5 billion, that which we talked about which is the unpaid interest and then they grand scheme of things there is a small amount of money. so why is argentina so reluctant? is it because they think it would give the other creditors a leg up? >> they feel that it is 10 times more people having the same right. so even $15 billion is not a huge amount of dollars particularly if argentina gains access to the capital market. >> we have really run out of time and i just have a chance

for one more question. the key to us in the united states and other emerging market and investors is whether or not this will spread. do you think that the problems that argentina is having with its default will spread. it happened with the default of russia and etc. >> no, i think this is very chillier and that it will not spread. they have an additional complication with the restructuring of 2005 and 2010. saying that it leaves the government interprets our cause, saying that they will hold out and it would amount to $120 billion. but in many cases it ends by the end of 2014.

so generally this risk will be will have disappeared. so i think that this message from now until january, this problem will be solved. david: i'm sorry, but we have run out of time. domingo follow, thank you so much for coming. and best of luck to you. >> thank you. liz: well, the u.s. unemployment rate dropping to its lowest level since 2008 and there is one age group that is having a tough time, the toughest time in years finding jobs. david: plus, bitcoin atms. one company is looking to challenge traditional money transfer services and take the bitcoin industry mainstream. the ceo of robo coren is coming

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liz: the perfect name, robocoin. this is the company that installed the first bitcoin atm machine in a coffee shop in canada last year and it expanding exponentially. unveiling its first machine in las vegas this week and plans to add more locations across the globe. david: what does it have up its sleeve for the next act we might joining us now is the ceo of

robocoin. one question that i have, obviously i live in manhattan and i don't need bitcoin here. but who needs the bitcoin atm? >> bitcoin makes buying and selling bitcoin easier. but the people who want to buy our machines are entrepreneurs. we look at bitcoin and roble robocoin as the currency of the future. there's a lot of different markers and trent markets. consumers who want to spend money safer online than the merchants that want to accept money cheaper online. and we really love the 2.5 billion people around the world who are still storing cache underneath her mattresses and we also love the remittance market. fourteen for up to 15% for buying and selling bitcoin.

6% in total is saving a lot of money. steel in 16 countries and 14 different languages. can you explain how it works when you walk up to a a bitcoin atm? >> right now it's only cache and customers go through our patent pending enrollment process which makes sure that the operators are selling bitcoin compliantly with the government. but it's about as simple as cash and generating a receipt the value of it is about $5.70 but the average transaction is about $560 per transaction. customers are buying $470 worth and cashing out $720. david: one thing that i hadn't thought of, one group is chinese because they are having big restrictions on how they can move their money around. so it may not be so easy to get their money out of their planning a trip to vegas.

but if they have access to bitcoin, they can do it. >> it is fantastic fantastic to access eight decent amount of cash. we really like the idea that it's a great alternative currency and i think that bitcoin provides a lot of great benefits when it comes to international travel and being able to travel without anything and having money accessible and all of those different currencies is pretty cool. liz: it's in the early stages and we will certainly watch it develop. jordan kelly is the ceo. david: schools out for summer, but what does this tell us about the overall intelligence? we talked to some working and nonworking individuals next. liz: one bank giving 30,000

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david: to another is a big day of statistics. the july jobs are work coming out and the unemployment rate has fallen steadily but the unemployment rate remained stubbornly high. so where are teenagers finding work? liz: cheryl casone he is joining us at one of long island's most popular beaches looking at the summer workforce. reporter: hello, i have to tell you that this place is at the malibu oyster bar bijan grell, the kids and teenagers applied here, this year they didn't get jobs always. they had more than 1000 applications for teenagers and only about 300 kids got jobs. well, the unemployment rate is at 21% right now and teenage jobs, that group of kids

actually, 12% down this year. so there's a drop with all of these jobs. if your teenager you probably don't know to go to monster.com to look for jobs and maybe it would have even help these kids. as we take you on a tour, i'm going to introduce you to a right now. okay, so your teenager going into your senior year of high school and a lot of your friends applied for jobs and they didn't get on. >> you know, it's really hard for them to get a job because it's a desirable time to work and there's just so many applications that it's just really hard. reporter: were the kids who didn't get jobs doing this summer? >> probably going to the beach, enjoying the summer. reporter: trying to make the best of it because it's a tough

market for everyone. i don't think these kids behind me will ever have a tough time getting a job, but for now, we are sending it back over to you in new york. david: cheryl casone he asked lido beach. good to see you. liz: you might think that an atm as an automated teller machine. but one man has given them a whole new meaning. we will have the details coming up next ♪ing our untry. ♪ single loco for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life.

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including postage and a digital scale. hi! need help finding a dependable used car? yeah, i'm worried about things like flood damage. oh, our team doesn't keep quiet about those cars. frank to carfax®. found an suv here! here's a sports sedan! i'll get the vin number! there's a convertible! avoid that one! large mouth bass. they get the word out. only one site has a free carfax report for every car listed. that's it! start shopping at the new carfax.com >> market news in a second. off the desk, couple of stories late michael jackson losing the land of the lost. the king of pop's neverland ranch being put up for sale by colony capital. asked for the 2700 acre california property but said to

be worth 35-50 mill. >> do not be surprised if atm doles out more than just cash. canada's td bank turns atms into automated machines. that's right, thousands of lucky canadians were surprised when they got plane tickets to disney world. the opportunity to throw the first pitch at ball game and contributions to children's education fund. i'll take that one. >> absolutely. >> number one thing to watch tomorrow is the july jobs report due to be released at 8:30 a.m. eastern time, it will probably set part of the tone for the markets. economists are expecting nonfarm payrolls to rise by 233,000. unemployment rates expected to remain flat at 6.1%. >> lot of things change after-hours, tesla is down now trading down about 2%, and linkedin on the opposite side is trading way up, up about 8% from where it closed. so fortunes will change

dramatically tomorrow. >> ticking higher and higher are the donation coming into www.building homes for heroes.org. if you follow me, i'm going to compete in sixth new york city triathlon for soldiers, sailors, airmen and marines critically wounded in the wars in iraq and afghanistan, there's sergeant hale, we love him. we build custom homes that work with injuries mortgage free. we thank you for your donations. we were able to present our severely wounded heroes with specially designed free homes to live in. help us build more of these, you'll see the team fox business donation button, i don't care if it's a dollar, whatever you can give will go to build a gorgeous home for wounded heroes. mike: we're going to give you another look at what happened in the markets. all the indices, the dow is down 317 points, nasdaq taking

it hard or the chin down well over 2%. s&p 500 exactly to 2% down. we can't forget the commodities either. oil down about 2.5%. gold off, too. there doesn't seem to be much refuge anywhere right now. >> we'll find refuge in what gerri willis is talking about. the outrageous way airlines are getting our money? gerri: that's right, the war airlines waging on kids. also coming up on the show. forget smartphones. smart tv's are becoming popular. we'll have the advice how you can jump in on the new trend. also new regulations may soon have you paying more for your contact lenses. and a dismal jobs picture for nation's youth, why are they spending more time at the beach than at work? we'll tell you. "the willis report" where consumers are our business starts right now.. we