jays and jpmorgan jace and nordstrom is underperforming. [closing bell ringing] david: we had awful news from overseas again. they would react to the bad news overseas with bad news in the markets today. again, shows the optimism. bullishness of all the traders in this market, even on bad news abroad, they boast good gains today. not spectacular gains but healthy gains on the dow, nasdaq, s&p. only the russell 2000 had relatively small earnings. even green arrows there. a lot of earnings. "after the bell" starts right now. liz: breaking news. s&p and nasdaq end at session highs. there is decent market action.

great to have larry shover in the house. he says second quarter strong gdp growth is headwind for the equity market. how does that work. >> we have the investment council president. he will tell us when and why he is predicting pullback of equities. we'll ask how big of a pullback. dan stesich from the cme. dan, a nice day for the dow, nasdaq, s&p. transports look good. we had oil coming down so those names got hurt. most s&p sectors close to the upside. >> you know given everything that's going on out there, you had some weaker economic reports out of europe today. you have had the russian situation that is really unsettled. the market continues to go higher. i'm a little surprised and on a risk/reward basis i don't think i will commit any new money to the market right now. i still think overtime we're good. if we have any bad situation come out of ukraine the market will break pretty hard. look for that as opportunity to get in or wait for some clarity

in the markets. david: even discounting what is going on in the ukraine, peter, you think there there will be significant pullback. how much and what kind of a pullback are we likely to sigh? >> i am expecting a pullback somewhere between five and 15%. it is really difficult to put a time when it might occur but between now and year-end. due to geopolitics, slowing earnings growth, rising interest rates or any combination thereof. not terrible, given our great bull run we've had for the past two years but one to take note of. liz: well, this is a little counterintuitive, larry, but you believe that a solid gdp number might actually equal a headwind. why is that? fears the fed may tighten sooner rather than later if there is good news? >> oughtly. fed futures think they will raise rates, probably june of 2015. but if we continue to get hot numbers, we saw ism, gdp just broke consensus, and yeah, there will start to fear that they

will raise rate early. i think we'll see more of that next week when we get pmi. it is counterintuitive but that is what people are watching and people are very sensitive to right now. david: dan, i look what is happening in europe and japan and i get a little concerned. i see japan going into recession. we already have italy into recession. germany may be slipping into recession. doesn't that mean we'll have fewer people to sell our goods to? >> two points to make on that. in the first quarter of our year we did awful. why did we do awful? people attributed to weather. it was a one-off. here is the other point. is europe a one-off? we are trying to make a lot out of it. we don't know what caused it. maybe it will, maybe it won't. one thing to remember even with the poor economic numbers out of europe u.s. did well in the first quarter. liz: i'm so sorry i have to interrupt you. hold on we got jcpenney results. jo ling kent has them. >> liz we have loss of 57 cents

a share which is improvement on estimated 93 cents loss the street was expecting. we're looking for revenue number. same-store sales increased 6%. and they're saying that is the third consecutive quarter of growth. gross margins improved 640 basis points. as you can see, in the after-hours trading the stock is just popping. it is up about 10% right now, liz. so we'll continue could go through the report and bring you more in moment. liz: report is good and losses are narrower than expected that is great. we'll look exactly what kind of movement you saw with the consumer inside the stores. you pass the windows, jo fresh looks actually fresh, david. david: it does. once again, larry shover, shows you're never out until you're out. aol, we saw that happen recently. people counted out aol five years ago, four years ago. it has come roaring back. is it possible jcpenney can come back to full speed? >> i think they can. mark ullman is convicted it will

not be corvettes, gym we's, woolworth's grants. they are making headway. they're shutting down stores that are underperforming. we'll go after the new buyer making more contemporary looking store. they're looking one in brooklyn, make it very small. creating more like a minute mynal -- mini mall, fashion shows, vendors from outside, creating a shopping experience better than their peers. i do believe long term they can recover. liz: i'm glad you're positive. two, three-year stock picture is very positive for the company. peter is not picking anything close to jcpenney. you have names like o'reilly automotive which is interesting play with all the news about auto parts. pfizer, cameron international. how do you pick your stocks? >> we are growth stock investors. we look for companies with good seven to 10 years of earnings growth. we look for companies with reasonably priced stocks and good technical indicators. all three fit. david: larry i have to ask you about one of your stock picks,

aer daniels midland, that does really depend on growing interest in the food market and expansion. i guess you peg on that increased middle class around the world, right. >> absolutely. keep in mind in china, in the north, corn is 10.50 a bushel, 9.50 in the south compared to less than $4 here. david: you're a cme guy. i would be remiss if i didn't focus in on commodities for a second. record corn crop is great for consumers. lousy for producers. how long will it continue. >> a long, long time, on top of a great harvest out of brazil and here in the u.s. ethanol margins continue to be very rich. that will continue to keep farmers producing even below $4 a bushel they can still make money. that is the thing so compel about archer daniels midland. even with really fat oil margins or ethanol margins they are hedging appropriately. they're not taking crazy risks. is not a sexy stock but given

fact of growing middle class in china, the fact that they hedge appropriately is a good multiyear story. liz: dan, we look at individual stocks stories. you look at bigger picture. larry just articulated that but as we move forward and people are watching and deciding do i stay in stocks at this point, are you seeing anything that looks worrisome about the behavior of the trader or investor or middle man. >> not to much the investor or the middleman of the what worries me we are at high levels and we have some go owe political uncertainty out there. that is what will keep me investing any type of new money into this market. going forward, if i see some clarity in the geopolitical situation, to the upside, you know for the better, then i will start reinvesting money in here. until such time the risk/reward isn't there. david: hey, peter, i have to mention the 10-year treasury rate. probably at one-year low today. i think that is what it closed at. keeps going down. when will we see interest rates rising above inflation?

that is the norm. we have been at very unnormal situation for the past four years since qes began. when do we get back to normal? >> i think the big surprise of the year is the drop down in long-term rates from three to 2 1/2% and below. i think buy year-end we'll be back above 3%. liz: great to see you all. peter, peter is over at chase. we've got larry shover, one of our traders all the time in house and dan stesich. dan we'll come back to you shortly as the s&p futures close. david: thanks, gentlemen. liz: cisco getting a mixed report card from wall street following its results and job cuts announcements. up next, the man in charge, john chambers, chairman and ceo telling us his plan to turn cisco into a leaner, meaner but also a more powerful and revenue-driving tech company. that is ready to take on its new rivals. david: despite the fact we have more coal in this country than air, imports of coal, imports of coal from abroad are continuing

to rise. 40% the first 60 months of this year. it could lower stockholder value, cost you more in energy bills and hurt our miners and jobs. so why is it happening? we explore that coming up. liz: and there's a new niche market for delinquent bond out there that are not rated. david: uh-oh. liz: betting on all of things, foreclosed homes? david: oh, no, again? liz: behavior is back. is this the start of a new housing bubble? we'll ask former fannie mae executive vp, ed pinto. ♪ [ male announcer ] once, there was a man

who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ so the magic shell went back to being a...shell. get live squawks right in your trading platform with thinkorswim from td ameritrade. does your mouth often feel dry? a dry mouth can be a side effect of many medications but it can also lead to tooth decay and bad breath. that's why there's biotene.

available as an oral rinse, toothpaste, spray or gel, biotene can provide soothing relief, and it helps keep your mouth healthy, too. remember, while your medication is doing you good, a dry mouth isn't. biotene -- for people who suffer from dry mouth.

liz: without what cisco does the internet probably wouldn't run anywhere near how well it does. this is router switches, software company, networking. cisco's stock though fell today following its quarterly earnings report despite beating wall street estimates on both the top and bottom lines. shares of the networking equipment giant did turn south on muted guidance for current quarter. also as announcement it will cut 6,000 jobs. how is the tech bellwether widely-held. easing worries over weak demand from carriers and emerging markets? joining me, john chambers, cisco chairman and ceo. wall street is all about what have you done lately.

here you beat on both the top and bottom line and they're punishing you. usually markets and wall street like to see job cuts but, now john, this 6,000 cuts is on top of 12,000 cuts over the past year or two. what's going on inside cisco? how thin, how much thinner and leaner will this company become? >> liz, i think it is an excellent question but let me frame it off the quarter. as you said we beat expect takes by over $200 million on revenue. our gross margins were at higher end of expectations. our earnings per share were record earnings per share in the quarter non-gaap, but year, $2.06. enterprise business and commercial business on global basis on fire. 9% growth in enterprise, 8% growth in commercial. in the u.s. which is good indication of the u.s. economy from a business perspective we grew 16% in enterprise and 16% in commercial and public sector

grew 60. lure strategy, liz, is working very well. perhaps sop of the things listeners will be interested in. our headcount has not changed appreciably in four years. it has been 70 to 75,000. as we've done ad operation is taken place, we added new jobs. this reduction is not worried about expenses. we towed the market expense run rate is same as end of this year as beginning. nice way i saying unfortunately we'll be adding 6,000 more jobs a large number in the u.s. areas of growth. this cut was not about taking expenses down of the it is about investing in cloud, investing internet of everything and blasting and security which grew 29% last quarter for us. investing in data center which grew 32% last quarter for us. investing in commercial. investing inner cloud capability. liz: right. >> this is all about investing growth, innovation and talent while just managing our business well. our headcount at end of the year will be very similar where it is today, liz. that is perhaps what the market

might have misinterpreted. >> sound like it coming from you. so i'm glad you clarified that. we'll be watching to see how it plays out. emerging markets are the bugaboo here. anybody who watched us four or five quarters ago when you come on consistent are to talk about would have known that was happening. it is certainly affected other companies. now i need you to tell news your crystal ball through the eyes of cisco and your businesses, what's next? what is the next emerging market problem? or heck, i will take something positive, john. >> sure. well, i think the next emerging market problem if you want to talk a positive is the strength of domestic markets. the developed countries. the u.s. is very strong, u.k. grew 6%. germany grew 16% for us. and emerging markets however, which liz, when we talked almost five quarters ago, we were first ones to see the slowdown. people initially and turned out wrongly thought it was unique to cisco. we saw bigger picture. so as we went through this it

dropped from 15% growth to minus 12% growth. then it came back and looked like it was leveling out and looked to trend back up growing again. this quarter is dropped again. so i think you're seeing a period of uncertainty in emerging markets and we're always very transparent with our shareholders in terms of that approach. but i think if you really take a step back i talked to, as you would expect with most of our large shareholders today. also a sellside and buyside analysts. they get it. they like what we're doing in the company. they're very comfortable with the strategy and, liz, different from 12 to 15 months ago they're not challenging our vision or strategy or the part we're doing is right. they're saying you got affected by emerging markets. giving us honest feedback where you go and i think they like that and assuming we execute as we outlooned i think the stock will take care of itself. liz: let's hope so because we say the stock market is voting machine. today in the "wall street journal" i'm sure you read this piece. they're saying that the worldwide internet routing

system is now saturated, it is stressed. it hit what they're calling 512,000 y2k. not y2k like what we saw in the past. at some point this may all unravel because it is just becoming overwith manied. what is the fix, john, to the problem "the wall street journal" articulates today? engineers can buy new gear. i would imagine that is good for you? >> yes it, liz. the quick answervery candidly it is not a technology problem. we mike hi end routers which we introduced in the last 60 months that can download the entire library of congress in one second. much like the videos that we talked about before. liz: what is the price on that. >> unbelievable amount of videos. pardon me? liz: what is the price? >> price, several hundred hundred thousand dollars up to million two depending on the size. what is missing service providers do not have the commitment that if they invest, that they will be able to get the reward from their investment in terms of bidding out this

internet, et cetera. i think this is where government regulation plays a key issue. now this is where it gives cisco the opportunity. if you're the number one player in high indrouters, number one player in high indswitches, number one player in edge routers and switches you now become a serious player in security growing 29%. you're number one player in cloud and hybrid cloud capability, these issues that you bring up play right into our sweet spot, liz, and should indicate good opportunities for cisco as we move forward. i think they will. liz: i would think so. john, great to have you. thank you so much for joining us. >> liz, a pleasure as us. liz: john chambers, cisco chairman and ceo. david? david: jcpenney is coming back a little bit to earth. it is still up about five 1/2% but that is much less than it was moments ago. jo ling kent has been looking through it for more details. what have you found, jo? >> that's right, david. we're looking at all the different colorful facts here. sales are rebounding $2.8 billion in net sales. that is a slight beat for

jcpenney. what is so interesting here, comp same-store sales, 6% up. that is beating expectations ever so slightly. we looked at online sales. 16.7% increase there. that is definitely a bright spot for jcpenney which report ad loss of 75 cents a share. is a fora is doing very well inside of jcpenney according to the leadership there. they say this kind of division of the store actually working well for them. some of the top performing sectors inside the store, women and men's apparel and accessories are doing well. home and fine jewelry as well. of course as we talked about with liz earlier, those gross margins are up 640 basis points, 36% is the number we're guesting, guys. david: jo, thank you very much. liz: speaking of retailers, nordstrom just reporting earnings moments ago. david: let's head to nicole petallides on floor of new york stock exchange. what are the numbers? >> after nordstrom reports its numbers and also its guidance the stock is up about 2%. there is the closing value,

68.69. it is up over $69 in the bid ask board though coming off the earlier highs. earnings per share beat by a penny, 95 versus 94. revenue just slightly light but guidance helped nordstrom along. 3.9 billion versus estimates of 3.4 billion. same-store sales on the quarter on the rise. fiscal year '14 seeing comp sales increasing three to 4%. they lowered, increased the bottom end of the range going forward for their numbers and also sees net sales on rise of 6 1/2 to 1/2%. they're expecting to close on trunk club. trunk club founded back in 2009. personal shopping service and experience. also stylist services. expect to close on that in the third quarter. so nordstrom bucking the trend here. different than with we saw from macy's annual mart. back to you. liz: thank you, nicole. david: the u.s. is awash in coal, it's everywhere, so have

imports in coal from abroad increased 43% in just the first 60 months of this year? about the only thing that's changed are the expensive new epa rules on coal. so, are we pricing ourselves out of our own coal market? a coal representative who is mad as hell is joining us in just a moment. liz: forget all the hype over gopro and live action video cameras on the ski slopes and surfing, one of the oldest names in the camera business, polaroid, wants to knock gopro over its perch. polaroid's ceo will show us how. david: nice to hear from polaroid again. search for yield in the bond market helping fuel some concerns about the potential new housing crisis. just how worried should investors be? we asked former fannie mae vice president he had pinto, the man with all the answers. he is here in just a moment. -- ed pinto. ♪ 9m

liz: time for a quick speed read of some of the day's other headlines, five stories, one minute. walt disney planning to sell 23 radio stations and move the radio disney kids programing exclusively to digital distribution. according to the company about 200 employees will lose their jobs. max mack's adding more fruit to its menu. they say the fast-food chain will add clementine's as seasonal fruit options this fall. global demand for gold slumped in the second quarter as chinese and indian buying will return to more stable levels. demand dropping 16% after record breaking quarter one year ago. ups and fedex getting

approval to extend domestic express package services to beijing and other chinese cities without needing joint venture partners. companies have been waiting for permission since 2009. smartphone shims rose 25.3% in the second quarter from one year ago to 301.3 million. according to research firm idc which tracks all of this stuff. around droid and ios smartphones combined had 96% of the market. [buzzer] that is today's "speed read." david: "the wall street journal" had a shocking article about how the u.s. imported 43% more coal in the first 60 months of this year. why a country like ours, awash in coal should be importing any coal at you will i think is pretty good question. this huge increase can only be because of enormous new costs placed on coal producers produced by the administration through the epa. with a man with a lot at stake in this administration battle, west virginia coal association senior vice president, chris

hamilton. it is crazy, you're pricing ourselves out of our own coal market. what does it make you feel? >> this is totally outrageous, david. this is not only angry as you indicate, very per specsed. how can this be happening when we always had a strong domestic coal producing, coal consumption economy and we've always been a strong player on the export market. today recently announced russian coal is now coming into the state of new hampshire. david: unleavable. >> very perplexed. you're absolutely correct, cumulative cost measures and regulatory requirements placed on this industry now leaves us very, very vulnerable. not only are we, not only are we being deprived of marketing this product, domestically here within the contiguous states but also impacting our ability to

get -- david: to the administration's point, the pollution is just the stay. we're still burning the coal. we're burning foreign coal instead of domestic coal. it doesn't make sense. you mentioned russia, colombia coal is biggest increase we've seen from the country of colombia. is colombian coal cheaper to buy in the u.s. because of epa rules? can you prove that. >> it is absolutely cheaper. colombia accounts for 6 others of the you al the coal coming into the united states followed by indonesia. it is a shipment that came from russia here within the past couple weeks that became published that really raised the concern. david: what effect is it having on the jobs in the coal industry? >> we represent ad tri-state region here in central appalachia which is in the heart of coal country. we're down about 12,000 coal mining jobs and perhaps double that of the jobs dependent on

coal mining. these are 75,000, $85,000 a year jobs. it represents nearly billions and billions of dollars taken out of our economy for questionable results, for questionable consequences. david: well the results, frankly as i mentioned before, just the same, we're still burning as much as coal although there are fewer coal plants as we, which is something we can get into. but the irony of all of this, chris, is that the coal industry was getting a lot better at finding ways to burn coal a lot cleaner, was it not? >> it absolutely has been. you know, over the past 20 years the coal consumption in this country has doubled while almost tripled while coal emissions overall have been ratcheted downwards on the order of magnitude of about 95%. david: now, chris, yeah, i'm sorry to interrupt. we have only time for one more question. a little political in

orientation. in fact a lot of coal states elected democrats who are behind some of these policies. how, how do they defend themselves when they're up against the coal industry such as yourself? >> well, it's been a factor, there is no question. there is no question about that. you do have a democratic energy plan that plays on a national level. you know, to fortunately we get some bipartisan support here within the state's boundaries but the fact of the matter is, the national democratic energy plan is the one that's being administered by this president and this administration. david: it is a fact that the epa trumps all laws that exist by how it can affect the coal industry. coal powered plant, 36 of them, i believe, have been shut down already. plans to shut down another 30 two. so the coal powered plants are shutting down as well. that is whole another story. chris hamilton, west virginia coal association, senior vp. thanks for joining us. please come back. >> thank you, david.

david: liz? liz: you might think the conditions that led to the housing firmly in the rear rear-view mirror as that won't happen again but that may not be entirely true. a former fannie mae executive vp is telling us why some trend in the bond market are now raising red flags. watch out gopro, you might be the hottest thing in camera technology right now but a former leader in the industry coming back with a vengance and all the accessories along with it. we've got the ceo. stay tuned. ♪

hard it can be...how ...to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled... ...copd maintenance treatment... ...that helps open my airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace rescue inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells,... you can get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd. spiriva helps me breathe better. sfx: blowing sound. does breathing with copd... ...weigh you down? don't wait ask your doctor about

spiriva handihaler. david: investors are always hungry for yield are getting into a new niche market, delinquent mortgage bond. sound familiar. we know how toxic they became during the subprime crisis. could this lay groundwork for another financial crisis? liz: let's talk to ed pinto, former fannie mae executive vp and chief credit officer and american enterprise institute fellow. ed, here we go again, when you heard this, i'm sure it was on your radar anyway, are we going back to bad behavior? or is this something, i love this expression, different this time? >> well, this is not bad behavior the sense it was last time. these are delinquent loans. these are already delinquent. we know these are poorly-performing loans. they're in the process of being

foreclosed on or remediate but generally foreclosed on. they're generally with short lives and loans are bought at deep discount. fha is biggest seller of them. they sold 100,000 loans. 20 or $30 billion worth. they're trying to get them off the books and get them cleaned up. in general the private sector is better than doing that cleanup than the government is. we know how the government operates. investors suffering from financial corrections frommed fed, they're trying to fill the bill because they're short term. going into foreclosure a year or two and get money back and earn more than you can get on treasurys or other mortgage-backed bond. david: if these things blow up, ed, the fact is the justice department is fining banks billions of dollars, putting all the blame for the last financial crisis on private sector rather than the public. a lot of people say barney frank should be there his pushing of

bad loans to bad institutions but fha is pushing these bond f these bonds go bad, doesn't that mean the fha is now doing exactly what the private banks did 10 years ago? >> we're talking about non-performing loans. these are starting out as non-perform is. liz: anyway. >> these weren't sold as good loans. these were sold as bad loans. david: okay. buyer beware? buyer has all information. >> absolutely. buyer beware. my concern is, fha, and fhfa, regulator for fannie and freddie are doing something that bodes ill for the future and that is they are jawboning lenders and mortgage insurers in the case of fannie and freddie to make riskier loans today to people, new loans under the guise of oh, we know what we're doing and our guidelines allow for these loans. how dare you not make loans to people with poor credit when we say it is okay. that is troublesome. what that does, is a, tell

people, we expect you to follow the government's dictates on this we've been down that road before. you're right. secondly it tells the private sector, the government keeps saying we want the private sector in here, it tells the private sector don't use judgment, follow what the government says, and as we know the government makes very political decisions in this area. liz: sure. year-over-year through different administrations both sides of the aisle bad decisions have been made. these particular bonds, people know what they're getting into, as long as if, these things blow up, as david said, that these are not on rest of our shoulders. that is what people want to hear. goldman sachs, i use them as an example. they had so much invested in aig and ended up getting 100 cents on the dollar because they were bailed out with our taxpayer money, that will not sit well with people if something like that happens again. >> absolutely. i don't think these particular bond present that problem for the taxpayer again.

my concern is, for the new business, that the government is now once again jawboning lenders to make riskier loans for political reasons, and they're doing that at both fha and ad fannie and freddie through the regulators. david: hey, ed, there is an attempt or at least there was an attempt for a while couple months ago, winding down fannie where you used to work and freddie mac as well. has that been beaten down by all lobbyists in washington, those attempts to wind down those institutions? >> well it is in a hiatus right now. unlikely anything will happen at least until 2018. david: whoo. >> or excuse me, 201. if it doesn't happen then it may well not happen at all. the problem this was not dealt with back in dodd-frank much. dodd-frank dealt with a lot of other things that maybe shouldn't have dealt with but it didn't deal with this. it was left to just linger.

congress basically passed the buck by basically putting fannie, freddie on autopilot. so there is no decision congress has to make to say, oh, we want to change it. if they want to change it, they have to make affirmative decision. there is no requirement, even in consearch toreship. they could be in there for five more years. gotcha. crazy to be in conservatorship. already been in 60. david: they won't change it until the next crisis. ed pinto. good to see you. >> thank you. always a pleasure. >> gopro's slogan is be a hero but the real hero in the highly competitive camera market could be maybe a blast from the past. we talk to ceo of a company once a symbol of american innovation and wants to get back in that game. david: also could be a game-changer in football. new wearable technology could transform football forever. we go live to the miami dolphins training camp in florida. find out how. you want to stick around.

♪ you make a great team. it's been that way sincthe day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take alis if you take nitrates for chest pain, as this may causan unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immiate medical hp for an erection lasting more than 4 hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away.

ask your doctor about cialis for daily use and a 30-tablet free trial.

liz: want to film yourself jumping out of a helicopter or catching the perfect wave, maybe with that thing? very soon you may not need a bo pro to do that. -- gopro. polaroid started shipments of a rival camera. it could shake up an industry

expected to grow by 16% over the next four years. david: this is actually a prototype. it is much smaller as you can see than the gopro. i'm told it is lot cheaper. less than 1.5 inches tall. comes in three fun colors. can do almost everything a gopro can for half the price. polaroid ceo scott hardy here to talk about the new camera and talk about the company's next steps. we love the polaroid name. it is good old-fashioned american name i grew up with. i'm so glad you're back in the swing of things. secondly, really looks much cooler than any, anything that's tried to compete with the gopro that i have seen before and it is a lot cheaper. tell us who are about it. >> yes. i mean it's a 35-millimeter square camera. so the fact, 35-millimeter was film is always based on. you have a camera actually the same size as that. so that was kind of the design element we wanted to capture an integrate into it. plus it is super small.

full 1008 p video. it has 90 minutes of battery life. a great product. david: how much is it? >> will be $99. david: wow. >> imagine for price you pay for another product you could buy two or three or four of them. when you're capturing the video images it is cool to take multiple angles from the same sam consider. liz. -- same camera. liz: we have breaking news coming from coca-cola. they are taking a 16.7% share stake in mom sister beverage which is jumping. closing of monster was 761.65. mnts. the bid, 87.60 we're hearing coke will take that share and try to beef up its energy drink status, david, because sparkling beverages and soda have at least comes to soda and diet coke have been retrenched here. diet coke is moving as well, but

not by that much very interesting. scott, back to you. you're just as exciting, in fact even more so. you have this brand new product. i see it is in two different colors. more than, david, it has the orange one. i have blue and black. david as the orange. talk about exactly what it does. the price point is lower as well than the gopro, is it not. >> that's correct. so it is $99 each. basically it has full hd, 1080p video recording t has multiple different options. it has built-in magnet so you can magnet i cannily stick it to the metal surface. we have mounting options for the bike or helmet. there is a monkey mount. this is lifestyle camera. you can sit it on your desk and record items. we think with the price point you're able to address a younger demographic who maybe doesn't have the financial ability to go into one of the more professional type cameras and really address the lifestyle element. david: scott, let me ask you

about polaroid, stepping back here. frankly are people are surprised to know it is not a public company. you had revenues in 2010. we're told healthy, $500 million of revenues, thinking of ipo back then. are you, if, for example, this camera really sells out and not only challenges gopro but anything like it and gets you enough revenue, do you think you might be interested in an ipo again. >> we'll cross that bridge when we get to it. right now we're focused on delivering the current business to our investors and they're very happy with the direction we're going. david: you have to plan for the future, scott. i don't want to press you too hard. i know you will not answer directly but there must be plans somewhere in the books, as i mentioned before, somewhere in the pentagon there are plans to invade canada. we're never going to do it but they have the plans. i'm sure you have the plans for an ipo, no? >> you know, look, we're always looking for, you know, opportunities to deliver shareholder value. so, yes, there is always chances that down the road if things

were right you could take advantage of the market. right now we have very healthy business, very good gross parmar begins and very happy shareholder base. liz: maybe, scott, the cube will do a little more to pump that up. you're a former dell guy. so you know technology. but again, also understand that gopro at the moment owns this space. what worried analysts in the past that barriers to entry are not that high. you jump in with that and grab people's attention. lower price, hd screen. 90 minutes on one single charge. shipping late september. 1.5 inches. i give you specs and you give me the fire and add to that fuel. >> so really polaroid is always known as company that delivers innovative products. it is about capturing life's moments and instantly sharing them. not only easy and simple way but also affordably. think that is what this product

really hits on. you have this market of people. we call it photo neurosis where people feel desire to capture everything around them as its happening. it is happening in video. we can call it video neurosis especially with the younger demographic. that is what this camera hits. david: i was raised by a photo neurotic i'm afraid i have become a photo neurotic myself. this is great product, scott. polaroid ceo. thanks for coming here and hope to have you back. >> thanks for letting me come on. liz: your favorite nfl player react to snap or top end speed? david: yes. liz: new technology changes the way you the fan will even look at teams and what happens on the field. we go live to the miami dolphins training camp for more on think, i want to see how that works. also, would you pay for an unpaid internship? one company is auctioning off a three-month position aimed at those with deep pockets looking to fast track their careers. we have that story when we go "off the desk."

♪ that's right. it's just that i'm worried about you know "hidden things..." ok, why's that? no hidden fees, from the bank where no branches equals great rates.

your studied day and night for her driver's test. secretly inside, you hoped she wouldn't pass. the thought of your baby girl driving around all by herself was... you just weren't ready. but she did pass. 'cause she's your baby girl.

and now you're proud. a bundle of nerves proud. but proud. get a discount when you add a newly-licensed teen to your liberty mutual insurance policy. call to learn about our whole range of life event discounts. newlywed discount. new college graduate and retiree discounts. you could even get a discount when you add a car. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance.

david: football fans gear up for the start of their beloved season just in time for new gps technology. it is worn bay players that could make the game even more competitive and exciting and fun to watch. liz: why not send fox news's

phil keating live to miami dolphins training camp and i guess details how we'll see things differently. >> liz and dave, this is about spores science enhancing optimal performance. it is about making the game better not only for the fan because their favorite players are on the field as they're watching at home and especially for players themselves they aim to reduce injury and keep them in the game and off the injured reserve list. these still experimental devices weigh two ounces about the sides of one the old flip phones. they place them on the shoulder pads. players don't notice it. they send data as player running around. velocity, deceleration, acceleration rate, changes directions up to the satellite and bounces back real time to the sport science coach's laptop. >> if we manage stresses they're under better, then, theoretically they should stay healthier. staying healthier they enhance

performance and they're out in the field and in high performance state. >> florida state seminole, the reining national champions used these gps devices last year in all their practices. soft tissue injuries dropped8% according to their coach. they -- 88%. they went undefeated, dominanted every opponent and not one key player missed a game. at first dolphins players were suspicious assuming this was a spy technique to see if they're slacking off. buns r once they learned it could help them avoid pulled hamstrings or acls and eventually extend their careers by years, they all embraced it. >> it doesn't track laziness, but out put, explosiveness. back in the day, two a today. >> run all day. new era. no mercy. athlete are being protected more. >> for the game today, more fiscal, stronger, more faster. at end of the day i think it

helps for life after football, your help. >> not just the dolphins, but new york giants, philadelphia eagles, in total 12 nfl teams are experimenting with this stuff only during practices. the nfl still not allowing it during the games themselves. back to you in new york. david: nice innovation. phil keating, good to see you, phil. liz: the production company behind the oscar-winning film "the king's speech." david: i love that. liz: is offering a very prestigious internship. there is a big catch. we'll tell what you it is and exactly what the company is offering when we take you "off the desk".

. >> time to go off the desk. unpaid internships, what about paying to get the internship. film production distribution company weinstein company is doing just that. >> whichever department the lucky winner wants to work. bidding is around 13 grand,

weinstein company estimates the value of the opportunity actually at around $30,000. experience matters. >> yeah, it's the marketplace. "the willis report" is next. cheryl, you're looking at the new term the fed is using calling secular stagnation. i hate the new fed terms. >> always coming up with something to get us. stanley fisher is concerned about this. you interviewed him more than once. i'm curious what you think? >> he had run the israeli central bank and had done a good job when it came to high inflation, secular stagnation makes me worry a lot. >> we'll have stephen moore, you know him about coming up on "the willis report." thank you guys. coming up today on the show, breakout the salt shaker. the new report says a low-salt diet may be as dangerous as a high-salt one. subprime mortgage loans, sucked the economy, led to a great recession, why are we