anyone say anything about pandora being defensible, david in. [closing bell ringing] liz: here come the bells. a lot we're waiting for. at this time yesterday, king digital maker of "candy crush" got slammed t continues to lose air. down 23% for king digital. where is your money? it is on the screen of the if you're in stocks not a bad choice today. dow jones seeing a gain, well, 90 points. nasdaq is up 44. the dow by the way in positive territory for the year once again. zap seeing a nice gain of 2/3 after%. russell 2000 seeing a big gain. waiting on cisco numbers. "after the bell" starts right now. is. david: let's break down today's action. we have david steinberg, d almost s managing partner with key investment themes for the second half of the year. you have to start planning that.

jamie cox, harris financial management. he will tell us one thing that could derail the markets momentum. talk about todd horowitz, he has been talking about derailing market momentum. todd, is wednesday. there was one exception to your record. every wednesday you come on we have a rally. what surprises me everything is up. you have stocks, you have bond. you have gold. you have oil. why are we seeing an increase in everything? >> welcome to the good ship lollipop. here i am. we're going up. there is sill fear. you have to look at bond market. usually the bond market is right more than anything else. bond guys are showing some fear. rates going down. a lot of money pouring into treasurys. gold is caught in between the range of 1280 and 1340. not a big deal. look at bond market. we keep climbing higher and higher. yields are coming lower and lower. at some point something has to give.

nobody cares we make retail sales. the average american is earning 23% less tan five years ago, nobody case we don't have discretionary income. the market says, we keep going higher and pouring in. that is happening. i would like 1950, 1960 is pretty good spot to take it from the short side again. liz: todd is hope wednesdays will change and we'll see a move to the downside so he can be right. let's move to david. david, let me ask you off the bat. there is some negativity floating around but today not so much. how do you play a market, two days are up, one down, two days down, one up? it is very america curl here. >> you have to say deaf. it is a lot of noise. you have a lot of media coverage. democratization of information it accelerates emotions of a lot of folks on a short-term basis. you need to look at it as noise,

okay? you need to remember in the end value comes out of whatever it is that your business valuations are at. i think the most important variable these investors need to look at. to go back to what you previous speaker just mentioned, low interest rates, this is business of alternatives. with low interest rates nowhere to go really with these bond right now, you're still seeing money pour into equities. markets are getting toward full value at this point. they can go higher. david: let me let jamie in. jamie, there is a little more than just noise going on here. today we got news today, that japan is going into its worse contraction since 2009. it was worse than in 2011 after the tsunami and fukushima and so forth. germany looks like it might slip into recess. we already have italy in recession. there are tough types around the world. could those problems affect this market? >> i think so. i think there is no question about the trouble.

japan has been in perennial recession or perennial problems the last 25 years. i rue the day that japan actually does well. on the european side, sort of surprising to me they're having so much trouble. you would think with the euro dropping and some of those things you would see, i think those companies are actually underpriced and i think those markets are more attractive than what the markets currently suggest. i'm more of a buyer of those companies in europe. i don't belive europe is in as bad a shape as markets predict to this point. go back to our country. we have all kind of problems and we seem to be marching higher. i don't believe we'll have meaningful correction until we get clarity on the one thing fed has not yet told us, the day they're going to start raising the fed funds rate. until that time it will be sort of correction that wasn't or on and off again, up and down three or four 5%, up 5%. i think we'll be living with for the next 60 or eight months. get used to it. liz: todd, let me build on jamie's optimism here.

i say that because i was recently looking at stats on the expectations of what s&p earnings would be this past quarter versus what they actually are. much better than expected certainly. companies are actually making money. how are they doing that if things are so bad? >> i mean they're making money because they have ability to get cheap money. they have the ability to buy back their own stock. liz: they're selling stuff too. todd, they're selling stuff too. >> but we're really not producing in this country. we're not manufacturing very much in this country. we've got a lost weaknesses. middle class has never come out of recession. we can talk about how good numbers are and how it looks but retail sales telling you that we're still not producing good. we're still not out of recession. look at margins they will work on. margins are at record lows because they have to offer deals to get them into the stores. we have a lot of deals to be dealt with. wall street says it is good.

david: david, it is true in part what todd is saying. most people do think we're still in a recession. we got lousy retail sales numbers today. on the other hand, as liz was saying, people are buying things and, you have to look no further than amazon despite all the bad news about amazon and its profits and everything. it rally again today. i was wondering wondering if the person buying all amazon stock because you've been recommending amazon for a while now? go ahead. >> no. i actually am not involved with amazon. may be with somebody else. david: i'm sorry, jamie on that. jamie is the amazon guy. go ahead, jamie. >> because all the amazon boxes appear at my front door door every day, that is what i like about it. nevertheless i like what amazon is doing with payment system program they announced. what better company to be able to really, really tromp on everybody that is trying to do this square and others. amazon can make this payment system work because they an affect the price. i think that is a place where

they can really, look at ebay. they have paypal down a percent. amazon up two or three. that is a -- liz: we just got cisco numbers. ii want to get to jo ling kent t the moment. the stock is sort of even here. >> we're watching cisco earnings, a beat on revenue coming in 12.4 billion doll on the street estimate of 1.4 billion. street estimate was 55 cents, beat the street estimate of 53 cents. john chambers saying they're executing well in a tough environment. they're trying to deliver their best earnings per share. they said, this non-gaap earnings per share this quarter is the before the in their history. liz, back to you. liz: cash dividend of 19 cents a share. best quarter in history, i would say that is pretty good. the stock is closing higher. closed at $25.20. the bid is $25.61. tomorrow on "after the bell," joining news best on fox

business interview. we'll ask him every single thing about the report, folks. it's a bellwether. it's a dow component and it is a companywidely held. david: david, i want to go to you to talk about emerging markets. because you are an emerging markets guy. there is some talk that china may be looking to do something extraordinary like selling a lot of its u.s. debt in order to lower the value of their currency which would increase value of their goods which would kill merge marriage mares. -- emerging markets. why do you like it? >> this is always about valuation. emerging markets have gone virtually sideways to down last two or three years since the crisis in europe started. europe proside a lost capital to fund what goes on in emerging markets. now the. differential valuation in s&p, 13 or lower across the board for

most of those emerging markets. there is a lot of bad news built n a lot of people just don't want to be there because of the noise i mentioned earlier. ultimately they will have better growth rates on long run basis. can china disrupt a little bit in here? absolutely. but valuations have discounted a lot of bad stuff going on and you will see over time the money come out or the returns come out of these things. i would be much bigger buyer of emerging markets and lot less of a buyer of u.s. markets at this point. 30 days or 60 days you're starting to see good he will are tiff strength in emerging markets. you're sported by way commodity companies and miners are creating, that emerging market might be turning up specifically china. david: sold. that is quite a case that you make for it. thank you, guys. liz: thank you so much. david steinberg, jamie cox and todd horowitz. spending for back to school, this number is huge. it is expected to reach some

$75 billion this year but as consumers open up their wallets, could it boost your portfolio too? which stocks to buy before shoppers hit the mall? we'll tell you. david: while everybody watches the fed for direction where interest rates may be headed real power to move rates as we were just talking may not lie with the fed. it may lie with china and what they do with the currency and what they do with the trillion dollars of u.s. debt they have. what if they dump it, what happens? liz: okay. plus he called the housing bubble, the housing bottom, the economic comeback and even gm's bankruptcy? now, this same person revealing the next big thing that could dramatically change our economy. david: folks, we want to hear from you, as liz was saying we're heading back-to-school season. a lot of spending going on. are you planning to spend more or less than you did last year at this time? send us your anticipateses @fbnatb.

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david: well four consumer stocks hitting all-time highs today as investors shrug off a disappointing july retail sales report. liz: let's talk about these with adam shapiro. he is on the floor of the new york stock exchange. >> talk about some of these stocks which are hitting all-time highs. chipolte mexican grill, remember the concerns over rising price

of avocado? no reason to worry about that. even raising prices. 684 -- $683 today all-time high. wyndham worldwide, apparently people are enjoying their vacations. it hit a high. marriott up. people turning homes into palaces, home depot second 52-week high in a row. $83.39. stock closed up as well. back to you. liz: thank you, adam. david: so back to school spend something expected to increase this year with estimates saying it could reach about $75 billion. liz: which stocks should you be adding now to your back to school shopping list? joining us howard toobin, rbc capital markets analyst. first to your expectations, do you believe people will spend more or less on back to school items? >> i'm hopefully spending is up

a little bit more. last year back to school spending was not that good so. there is something for pent-up demand and new fashion merchandise. i think people will probably spend a little more this year versus last year. david: you look at the july retail numbers. that encompassed a lot of stuff. you just mentioned pent-up demand, i thought because of pent-up demand over wintertime the horrible winter in sales we'll see a huge bounce back in spring and summer. we didn't get it in july. >> no, we didn't get it in july and again looking at clothing, july is an odd month. there is not a lot of new merchandise. retailers are clearing out of their summer, spring and summer merchandise so there wasn't a huge shopping catalyst in the month of july. once we move forward into august and september where you get cooler, kid start going back to school, then you get some reasons to shop. i would expect retail sales to bounce back over the next couple months. liz: we have your yes list and your no list. your add and subtract.

get to the ones you would be adding right now you feel can really capitalize on the dollars that will be spent on back to school. we can put them up on the screen. what about these three names you feel grab the collective interests of moms and dads out there? >> so i think three of my top picks for back to school into the fall season will be urban outfitters, and nordstrom. i think in addition to maybe all three of them benefiting from, you know, a bounce-back in spending i think they have all been working hard on their businesses, changing things around and changing merchandising around, managing inventories very well, introducing new products and you think it all begins to jell and pay off for these three guys once we get back to school and fall season. david: now the bad list. we had the good list, now the bad list, those you're not recommending at the moment, i have to mention one of them, my daughter worked at, abercrombie & fitch. when you're dealing in teen

clothing you're in very dangerous territory. one day they love something from abercrombie & fitch. next day it is american eagle. the next day it is aeropostale. is that why you're wary of these because of fickleness of teen consumer? >> not necessarily but everything you said was right but these guys have been doing it a long time. you kind of expect that kind of volatility. the issue now the teen sector has gotten very, very promotional. there is a lot of competition and retailers are dependent selling denim. jeans is big category for back to school. i don't think we're in very good denim cycle. david: why is that? tell me why. >> well, like, black leggings, black stretchy pants sound funny for me to be kind of saying, it has taken over for denim. become a denim substitute let's say where as kid used to go for jeans for back to school. now they're going for leggings or yoga pants some cases less expensive. you can buy them in retailers

other than teen retailers like abercrombie & fitch or like aeropostale. i think we're not in a very good denim cycle till will be very competitive and very tough for teen retailers to drive a lot of good business. david: thank you for explaining to me the way my 22-year-old thinks. i couldn't figure it out until you told me. liz: my 12-year-old only wears leggings. no, mom. makes you buy expensive pair of jeans which they never end you wearing. david: i spent $40. this is cheap, dad. this is cheap. not to me. >> howard, thank you. david: thanks, howard. i appreciate it. liz: howard toobin. he called it right on everything from the housing crash to the economic recovery and now the author of the calculated risk blog is making his next big call. oh, he is right here to do it for you. why you should pay attention. that's coming up. david: you will never guess. i was amazed when i heard about it. beijing and washington have been arguing for years over who has the right level of china's

currency, whether it is overvalued or undervalued. whether it gives chinese companies a fair or unfair advantage. next we're going to find out how china could dramatically raise the stakes in this battle. it could affect the markets dramatically as well. liz: apple's iphone 6, are you ready? it is expected to be launched in just over a month but before investors start celebrating they should consider how the tides are changing in the smartphone market. which way are they going? ♪

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liz: time for a quick speed read of some of the day's other headlines, five stories, one minute. first up, barclays could face up to $2 billion for allegedly fixing currency markets, lying to clients about its u.s. dark pool and misselling interest rate swaps. that estimate coming from an analyst at sanford bernstein. land rover north america recalling 41,000 vehicles due to airbag problems. the recall impacts land rovers from 2010 to 2015 model years and range rovers from 2012 to 2013 model years. fantasy football could cost companies billions of dollars according to a report from challenger, gray & christmas. the 15-week-long season may cost epemployers more than $13 billion in lost productivity. just like the brackets for the ncaa basketball games. amazon unveils a new mobile payment service that could bring the on line retail giant into local businesses. this new service puts amazon in direct competition with square and ebay's paypal.

mortgage delinquencies falling to lowest level since 2007. [buzzer] , delinquency rates on loans from one to four unit residential properties dropped to 6.04%. that is good news. that is today's speed read. david: that is good news. that this is not good news, china owns a huge amount of u.s. debt. $1.3 trillion in treasury bonds. what happened if china dumped the debt on the market. there are reports surfacing in effort to boost chinas knee exports china might sell off treasury bond. they do that to drive up u.s. interest rates and dollar and that would make chinese goods cheaper. is it possible? if they do it what would happen to our markets? with us kent troutman, research analyst at the peterson institute for international economics. kent, i'm hearing more about this, they might in order to devalue their currency a little bit, increase their export

market, they might dump the treasury bond. do you think that will happen? >> i find that highly unlikely. we haven't seen any signs of this happening. in fact the data over the last few months have indicated they are in fact increasing their holdings of treasurys. we have no signs of that happening. david: lit me read to you, hold on a second, kent. let me reed from lombard research foundation. you know the group. they come out with legitimate stuff. >> sure. david: they're saying for a long time the threat that beijing might sell u.s. treasurys rang hollow but no longer. growth trouble across the pacific may have bigger impact on u.s. yields in 2015 and 2016 than the fed tightening. your response? >> we, there is a big difference between selling and dumping. i would say there is a possibility that they would sell in broadest sense of the term, that they may not buy as much as they would have before. in terms of just, dumping, you

know, $1.3 trillion of u.s. treasurys on the market, highly, highly unlikely. david: the reason they would do it as i mentioned before, it is not just to dump u.s. treasurys. it is in order to devalue their own currency a little bit, to drive up u.s. interest rates which they think correctly are being held artificially low by the fed by our own central bank. could they do that? if they decide, let's do a hypothetical here, if they decided it was within their interest to raise u.s. interest rates and raise the value of the dollar would their selling their treasurys do that? >> well, selling the treasurys, i mean that put as lot more dollars out there in the markets. so if anything that would weaken the dollar and that would help u.s. exports n that way, the pboc, the peoples bank of china, incrementally reducing holdings is actually beneficial for the u.s. and but, any large shock of that nature would be bad for

china and bad for the u.s. so again, i find this highly unlikely and, actually, if this is their thinking i would actually take issue with that thinking because i think it actually reduce the value of the u.s. dollar versus chinese currency. david: by the way, if the yuan comes, if you're dead wrong, and there is possibility that lombard is right and you're wrong, i don't have a horse in this battle by the way so i can't argue their point and fur wrong and they are right and the yuan comes down significantly and chinese exports increase significantly, i would think that would be very bad news for emerging markets, would it not? for those outside of china? >> well, absolutely. you know, china has been talking a lot about their loss of competitiveness as it were to some of their, some of their smaller emerging market competitors like vietnam, thailand and they have actually benefited from the rise in wages, the rise in renminbi.

if those trends were to reverse that would be on the margin a negative for some of these emerging markets. i don't see the renminbi going back to 7, back to the levels that we've seen back in 2007, 2008. david: okay. kent troutman from the party son institute. we'll try to get somebody on from lombard. that is why we had difficulty raising them. >> thank you. david: david: liz, over to you. >> one of the biggest trends over the last decade the housing market crash he did that a year before it started. what is his next big call? he will tell us and you in a few moments. >> into one restaurant cashing in on two hot food trends, fast casual dining and farm fresh food, farm to table? have you heard of that? how does he compete with traditional fast-food restaurants? we talk to the ceo of dig in.

♪

liz: calling a big economic theme is not an easy feat. few people have been able to do so but what about calling several trends and being right? our next guest did exactly right. april 2005, he called the housing bubble and the fall of the housing market but others believed that the housing market was improving. guess who was right? if nebraska he free dicked in 2012 that the housing recovery

would finally hit bottom -- february. david: that same year he forecast would start to see economic growth in the second half of 2013. guess what happened? he was right again. and even predicted gm would file for bankruptcy. so what is our guest's next big call? joining us calculated risk's author, bill mcwide. bill, wonderful to see you again. congratulations on all your success. okay your soothsayer helmet is on. i understand it involves young people. young people are the butt of a lot of jokes. they're lazy. millenials never do anything on their own, they will never buy houses. you have a very different view onioning folks. what is it? >> i think people are looking at it a little wrong, last year, earlier this year the census bureau came out and they announced the largest cohort group in the u.s. now is the 20 to 24-year-old group. for the first time since the baby boomers arrived on the planet there is larger cohort and that is the 20 to 24 age

group. that is important for demographics because when that group moves into the 25 to 35-year-old, that is when people start having babies. families formation, you, people move from renting to owning. so i think the people that are just writing them off as renters i think are completely wrong. liz: what is your big call as it pertains to this particular demographic? >> well i, others are calling it a big call. what i'm saying is that, this is just a trend that is going to happen. by 2020, eight of the 10 largest cohorts will be under 40. by 2030 all of the, 11 largest cohorts will be the 11 youngest. what that means is, there is whole new young group hitting the u.s. this is the opposite what you see in most stories. most demographic stories about boomers getting older which is happening too. these young people they will really drive economic growth he

especially next decade. what is interesting things, this decade, prime working age population, 25 to 55 isn't growing at all. in fact it shrunk. i'm talking about population, not labor force. this has nothing to do with economic weakness. just look like prime working age is starting to grow again. next decade we should see solid growth in the prime working age, more like the '80s when we saw 3% per year in the prime working age. david: there is a big difference, and this is a point that's brought up a lot which is overhang of student debt. when i was, in0's, when i was coming out of college and everything, i didn't have huge debt at least as percentage of my income. current millenials are coming out with 100,000, even $200,000 of debt. that is hell of a overhang. that might stop you from buying a house, right? >> that's true. there are obviously more factors than just the age people are but on the flip side of that, this is the best educated cohort we

have ever had, by far. so, you know, those of us who graduated in the '70s, there are far larger percentage of this group that are graduating from college. and also, think of it this way too. when, in the apple 2 came out in 1977, the, that is the mid, medium boomer was 23 years owed. that means they never saw a computer in high school. only a few saw a computer in college. this group is coming out. they're completely educated. they have been with technology their whole life. so -- liz: it is purchasing power i think as they grow old. they can buy houses and cars. everybody should watch out for that moment. bill, great to see you. >> thanks for having me. liz: anytime. bill mcbride, calling it like he seize it. he has been right. david: he has indeed. a hell of a track record. thanks, bill. hotel brand spending huge bucks what is called new york city's billionaires row. have you heard about this?

a new billionaires row right no downtown manhattan. cheryl castellena sitting down with the flagship hotel's manager in a fox business exclusive. -- cheryl casone. liz: we're talking with a owner after dining restaurant taking fast casual to a new level. bringing locally sourced meals in five minutes or less and very soon could be headed to a city near you. david: i want to see that. while apple getting ready to debut the iphone 6, could the tech giant be in danger of losing a huge share of the smartphone market? somebody says yes. we'll give you details straight ahead. ♪ it's monday. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure,

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david: while apple gets ready for the release of its iphone 6 which is expected to debut next month, the tech giant's high prices may actually be turning a lot of consumers off. according to ratings firm fitch, apple stand to lose a quarter of its smartphone market next year. because emerging market nations are producing far cheaper smartphones. average smartphone costs $600. the average phone prices $300. market will be flat, 450 million devices. still a lot.

local mart phone shipments are growing 20%. they believe the new iphone is unlikely to change this trend. apple is the no eponly company facing much tougher competition. samsung will lose 14ers of its market share for saks same reasons -- 14%. liz: david i have a question for you, is america finally ready to give up junk food for good? fast-food chains like mcdonald's, pizza hut reported struggling same-store sales. many health-conscious americans are turning instead to something called fast casual. they are like chipolte and offer healthy options. dig inn, is a restaurant that takes fast casual to the very next level, delivering locally-sourced farm fresh food to the masses. we wanted to show you the difference in quality and also quantity. this is small wild salmon plate that costs $8.72 at dig inn, for about the same price you can buy

a crispy chicken blt sandwich, large fries and a drink at mcdonald's. you get the sweet potatoes. "ratatouille" and what is this adam. >> bulger wheat. liz: we have the dig inn founder and ceo and former investment banker who said i can do fast casual healthy and faster? >> sure. liz: how did this come out? >> born out you shouldn't have to pay a lot to enjoy great food. we have obesity epidemic in america, it is getting worse and worse each decade. you're committed to raise vegetables and meats, high quality food and deliver it with speed and reasonable price point. liz: reasonable price, how do you bring that about? as we look at some of this, we have grilled corn. this is all locally sourced, correct. >> long island. comes on the menu in a few weeks. liz: this is kale? >> kale.

liz: and this? >> natural raised flank steak. liz: the price of this? >> 11 bucks. liz: 11 bucks. certainly cheaper what you expect if you sat down in the restaurant. how quickly can this be served to me? >> most of our restaurants midtown locations. very busy during lunch. typically find a line of 50 to 60 folks. you can get through the line in about eight minutes. liz: you're opening the 9th restaurant tomorrow, folks. >> we are. liz: tomorrow, congratulations. >> very exciting. liz: how do you expand from here on? >> so new york is a big market. we plan to continue to build restaurants here. we have 10 in october. we expect to build another four to 60 in 2015. but next year we'll likely mark our departure from new york. we'll be heading to our first new market which is boston. liz: i find particularly inspiring not only the concept the fact that you started this was friend and family money? >> correct. liz: how do you do that? >> sure i think some friend with faith in both the concept and maybe a little bit in me.

a lot of our investors, both friend and family folks that emailed the website. customers said i love the product, how can i bet involved? liz: the cuisine is not set. unlike chipolte with a set menu this varies according to the season, correct. >> sure. we rotate menu every two or three months. we have weekly specialals swapping in things based on availability. liz: what can't i get in september? >> that is a great question. what comes in september, broccoli, cauliflower, et cetera. things that go away, summer specialals like corn-on-the-cob. it is in long island only for summer and they stop growing it. watermelons, sugar babies those go away until following summer. >> side dishes. go around the horn. >> this is lent till salad. right here we have a slaw with pineapples an peanuts, green peppers and carrot. this is organic tofu, folks that are vegan that come to the restaurant.

avocado, pickled onions. liz: you're planning to have alcohol? >> it is in the plan. so we're going to dip our toe, our 10th location will feature likely one local beer purveyor and one local wine purveyor. liz: tomorrow is a big day for you. >> thank you. liz: congratulations. >> thank you. liz: we find it fascinating. i will sea if you can take on these guys but at time, yes, people are waking up to the fact that some of the other choices out there, listen, we love covering mcdonald's, these numbers are showing, with coca-cola, there has been a little bit -- >> softness. liz: when companies to people drinking or eating this stuff. >> yeah. liz: who do you admire out there? who is doing it right? >> there is handful of smaller concepts on east and west coast in similar camp. liz: skinny pizza. i went to that in rosalind new york. gluten-free crust. you can customize it quick. >> this generation is bubbling up. we have different relationship with food than folks before us.

a lot of younger folks say, you know what? the system is broken. we can do it differently. liz: adam, congratulations. the company is called dig inn. david, the theme is from farm to counter. david: wow. adam how much is the flank steak plate? >> that plate is $11. david: i spent $35 last night on a flank steak plate that was probably half as good as that. liz: i won't touch it. i won't get my germs on it so you can have it. david: wow, looks good. thanks very much, folks. there is no shortage of upscale neighborhood in new york from soho to the village. get this. there is something called billionaires row and it is has a brand new luxury hotel you do not want to miss. we have an exclusive look inside. also as liz knows diamond are a girl's best friend but what if they cost one to $2 million per carat? yes, we'll tell you what makes these particular diamonds so extraordinarily expensive and so desirable when we go "off the desk." ♪

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david: new york city's industry, logging, lodging industry is growing faster than the national average, with hotels since 2006 and 34 more slated to open this year. hyatt is spending big to get a piece of the market. liz: cheryl casone has been talking us to the, art cure rate i don't remember, showing you jaw-dropping foy yays. look at that. she joins us live to put it all together, fox business exclusive fox business getting exclusive tour and sneak-peek. we're all day at the mark hyatt. midtown manhattan. you mentioned pill nair's row. first luxury hotel open in new york city, since oriental in 2003. five-star property. no pressure on man joining me.

he is the general manager. with hyatt, 23, 26 years? >> 26 years,. >> no pressure next week for the big opening, sir. talk first about the pool. right next to carnegie hall. incorporated pool into carnegie hall. >> speakers within the pool will be include the music of carnegie hall. >> playing music and bringing in, you were telling me earlier you want world class travelers, billionaires, want a experience of a lifetime. what kind of experience will i get. get very unique experience. personalized experience. that is part of luxury. what the experience you want this stay, this experience to be 50 jobs in new york city. we should mention.

get all the guests to come in. we have to tell you the stocks, by the way, own a few shares. the stock is up 25%. hyatt in general had a really strong year. >> we had a very strong year. >> walter, thank you very much. i want to show liz and dave a couple of amenities. we're here in one of the guest rooms. this is at 157. you both know that this is on 57th street, remember the crain dangling. that is all over. right now we're in, first off, i raided mini bar for both of you. i want to show you uber-luxury. this is standard guest room. liz: thank you. >> whiskey and vodka is for dave. david: i'm the drunk. now everybody knows. >> very well. this is for me. this i'm planning on stealing of course, after my live shots are over. you have to steal the robe in luxury hotel. i want to show you really, really quick. this is key cards. artwork you mentioned earlier.

these are the key cards. each key card represents one big pieces of artwork they installed into the, into the hotel. opens next week, august 19th. they're fully booked. the phones are ringing off the hook. at top of this 90-story building, a $90 million penthouse we should put on a bid on together. liz: sure. >> work with me here, liz and dave. david: new year's etf, we'll go there for new year's eve and pool our resources and party there. thank you, cheryl. liz: first look any media has seen. david: terrific stuff. liz: thanks, cheryl. a "night at the museum" with a difference, all from the comfort of your own home. a remarkable way to look at art, thanks to cutting-edge technology. david: and four very rare red diamonds, listen up, liz, just hit the market. you could buy them. not too late. we'll tell you what makes them so unusual and how much you're not growing to believe these things cost.

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it's not just business as usual. see how new york can help your business grow, at startup.ny.gov david: diamonds are forever. rio tint toe, has extremely rare red diamonds in exclusive sale. it includes 5pink and purplish diamond. the red stones you reasonably fetch, get this, 1 to $2 million per carat. this is 50 times more than regular diamond. the source from rio's argyle mine in western australia. on sale until october 8th. there is time, liz. liz, rubies are cheaper. robots that kick you soccer and let you bring you a pen and robots let you see a museum

without lifing the comfort of your living room. there is new project, brings robots fitted with cameras and lights, let request people control the view of the art. the machines were designed to have sensors from bumming into exhibits and knocking them over. the project, first-of-its-kind in museum or gallery setting will run for five nights. david: i bet a master plan to steal the artwork. we asked you on facebook and twitter are you planning on spending more or less on back to school shopping? lisa on facebook says, 1% pay raise eaten up by health care insurance our family cut back on all our spending. liz: number two thing to watch tomorrow is cisco. shares falling after-hours following the company's earnings report. cisco reported numbers per share 55 cents. revenue $12.4 billion. we'll speak with cisco chairman and ceo john chambers about the results tomorrow. he is right here with us and you

"after the bell." david: that will be great. number one thing to watch tomorrow is weekly jobless claims. economists expect americans filing first time unemployment benefits to rise 6,000 to 259,000. liz: "the willis report" is next with nicole petallides. you will be talking about this new trend in medicine called telemedicine. >> tell me what you think, liz and dave. how would you feel to get on skype and show your doctor your pink eye or your rash, rather than going to the doctor's office? what do you think of that? david: no. liz: wait a minute, convenient, middle of the night my child. david: not my pink eye. i ain't sharing that with anybody unless i'm right there. >> go keep your pink eye private. really a growing trend and certainly something we'll be watching closely. exciting trend in medicine. maybe cough a little and he will listen to it. thanks, guys. david