up 45%, dave. [closing bell ringing]. month up 14%. volatile wild one. david: ended the week up. liz: perspective is always important and we'll give it to you right here as the bells ring on wall street. a near 200-point swing for the dow jones industrials which had been up 60 points. then went down another 138 swinging all over the place after headlines hit the tape that ukrainian forces had attacked russian convoy on ukrainian soil. look at the comeback here. the dow is down just 50 points. nasdaq is up 11. s&p tried to eke out a gain. we'll have to see when these numbers settle. "after the bell" starts right now. david: let's get right to today's market action all over the world. pete lang, lang capital president. he will tell us why he is moving out of cash, no, not into stocks, into the bond market.

of the jason rodman will tell us where the safest place to put money during all the geopolitical stuff. mark sebastian joining us from the cme. mark, let's talk about gold first. we've been talking about oil and stocks. gold was diving like a lead balloon this morning, down 25 bucks. once the bad news came out of ukraine of course the flight to safety. gold came up a bit. it still ended down but where was it going before the news about ukraine? was it going further down than 25 bucks? >> looking like it would have a pretty ugly day. the gold bugs were absolutely saved by the ukraine-russian conflict. they can thank their lucky stars because gold was shaping up to have just an abysmal day. david: how far down do you think it was going to go, mark, beyond 25 bucks? >> you know, i think it could have dropped 35 potentially. i thought there was repo tension for it to take a dive.

had a nice little rally. people taking money off the table. low volume market like we've got right now, once something starts to move it keeps going because things are a little illiquid. liz: i need to get to pete. pete, you are a bear. you were always concerned about what the fed was doing to the markets. janet yellen is supposed to give a speech next week. we're all awaiting that. andy brenner in the last hour, head of international fixed income over at alliance securitied. he said, forget all the ukrainian stuff. is janet yellen we have to hear. what are you expecting? can you spin it forward for our viewers? >> i couldn't agree with you more, liz. that is a huge conference that will happen. the bottom line we'll see much of the same from the fed. quantitative easing is going to come to an end here in october and we're going to see increasing interest rates sometime in 2015. i think that will be the party line next week. david: jason, energy certainly came back today, obviously as a result of russia and ukraine but i'm wondering, ex-russia and

ukraine was it due for acomback anyway? >> yes. i mean it is obviously tough to say. purely hypothetical. sometimes things happen which really turn the markets like the russian ukraine incident. however we were going nuts at the office yesterday because heating oil and gasoline, two key energy products in the futures markets were down, 7, 8, 9 cents. when an average move is 1, 2, 3 cents. yesterday could have been capitulation down day when all the longs throw in the towel. now you have a big reversal day where the whole market says, wait a minute, why are the essential energy products so low? you have crude oil rallying. gasoline rallying. whether you want to talk now or in a minute, there are a couple names i think are great buy in the energy sector, we'll get to the names. liz: we bring it back to mark, looking oil, did gyrate. we had it moving higher.

david already asked about gold. we can't ignore what happened to the treasurys. that 10-year yield, it jumped up as people jumped into fear trade. they put their cash in treasurys. the yield dropped to 2.38%. came barely off it. germany's bonds, long-term bonds looked very weak as far as yield is concerned too. what do you look for monday here, mark? >> we saw it in all the safe havens. we saw gold pop. we saw treasurys absolutely explode. vix futures and vix itself, options on s&p 500, absolutely skyrocketed. of the so, one of the things i like to say, when the u.s. send in tanks the vix tanks. when russia send in tanks, the s&p tanks. that is kind of what we saw. the vix absolutely exploded on completely overreacted, relative to how the s&p moves. so i actually think there is some real fear. there is a lot of people watching this weekend. and you know, if nothing

happened, treasurys could come off hard. the vix could come off hard. gold could come back from wenz it came. all as well. safe haven and conflict-related products could really see an ugly day on monday if nothing happens next couple days. david: pete is hoping you're dead wrong, mark. pete is in one of those safe havens. talking about bond right now. pete, you're taking, you're not necessarily into treasurys but you are into bonds. you're putting cash into bond now. why? >> absolutely. we have a lot of risk out there with the end of quantitative easing, what is going on in ukraine. these are great areas to really push towards safety. high yield dividend stocks. high-yielding bonds. you can't go into treasurys -- david: you call them high yield. some call them junk. does that concern you. >> no. junk bond are great as long as you're defensive. for example, our firm pushed to cash on july 28th right when

the bond market started to show weakness. move to cash two or three types a year. keep the defensive strategy. don't need to take money off the table of the six points over the interest-free rate and eight to nine points over the market. liz: bears take investments. don't just take the world. we love our bears. we love ideas, jason. you are about to talk about the energy ideas that you have. >> yeah, absolutely liz. there's always a great time coming here and kind of sharing some, what are typically, hopefully very unique stock ideas. there is a couple today. one in particular, probably, maybe eight or nine out of 10 people have never heard of this company. it is mlp, which stands for master limited partnership. mlps are typically found in the energy industry of the typically have a very juicy yield. this one is no different. it is delik logistic its partners, dkl. thing about this one, the market

seemed to have found this mlp this month t went up from 32 to 39. they're heavily involved marketing storage of crude oil, resources, et cetera. the thing why i chose it versus any other mlp relative to their peers in the mlp space he have a much, much lower price-to-earnings ratio and much, much higher earnings per share. so i think the numbers make sense. and dare i say it is dell lechable pick. david: dear. very quickly we want to get your names in there. we may have shown a couple of them. >> delik low division ticks partners. and mro. which is marathon. marathon is much bigger company. marathon for longer term investors who want to be involved in the energy space when crude oil is what i think cheap. crude oil under 100 in my opinion is cheap. mro is phenomenal pick. david: jason, we have them both up there. pete lang, want to get yours in.

first with a bear such as yourself picking walmart seems to be contradiction to me. explain why. >> there are good reasons to own walmart long term. beta of the stock is down to .37. that is wonderfully low-risk stock. in addition you have a $16 billion stock repurchase agreement in place. you will see a lost shares taken off the table. finally, look what the company is doing from a personnel standpoint? the new vice-chair has been put on. another president's been put in charge of domestic sales. so a lot of good things happening at walmart. they can't hide from the economy, no, but they're going to push their foreign sales. they are also going to push e-commerce. we'll see some growth there from walmart. liz: good friday when we get good ideas. thanks to all of you. pete lang, jason rotman, mark, we'll see you in a minute when s&p futures close. david: sound like there is action in the background where mark is.

liz: despite ending in the green today, you heard it, oil prices have been steadily sliding. probably going through a floor, maybe next week, hitting multi-month lows? global demand for oil scaling back continue to fall? it's a bull versus bear fight. you can't afford to miss. david: talking about gold a little too i suspect. the ukraine conflict deepening as ukrainian government troops attack an armed convoy that crossed from the border of russia. how far will all this escalate? could there be any resolution on horizon? nobody knows better john bolton a former u.n. ambassador to the united nations. he has the fingers on pulse of word affairs. very latest on world affairs from bolton coming right up. liz: millions of dollars worth of cars being auctioned off at the concourse dell against this week. it is on pebble beach. you don't have to take a plane. we'll look at rare automobiles including the most expensive car ever sold of the. david: tell us what you think by

the way about ukraine? will rising tensions there trip up our bull market? what do you think? tweet us @fbnatb. your answers coming up. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ 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

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get to nicole where this stock pick drops and comes roaring back. >> it is a really, really interesting story here. is this seasonal? is there a disconnect is the first thing that come to ask? you can see gamestop down 5.25%. data showed that the videogame sales had dwindled in the latest month. where are all the kids that normally would be buying this? maybe they're away at camp. maybe summer isn't the time. maybe it is really the holidays and during the school year people would buy these things. what is interesting, and they will be recording on august 21st. we'll watch for that. year-to-date, gamestop is down 20%. but how is it, liz and dave, that electronic arts, take two interactive, activision, these names that make the names, they're all between 20 to 50% this year? i think by end of the year we'll get to know what better the truth of matter is. people still are playing these video games. a lot of them moved to the internet and computer games.

i think ps4 and microsoft xbox one, they're not dead yet. liz: hardly. going into china. at least trying. david: a lot of kid in camp may be holding back sales. thanks, nicole. liz: s&p futures are closing. will they give us a sense what happens monday after quite the friday, mark? >> yeah, we gave away a couple of ticks but not really much. i want to point out a really key indicator, the 100 day moving average. since january 2013, the s&p 500 has tested that level on six occasions, six occasions and it failed to actually break that. it bounced like a trampoline off that level. we recently touched that again last week and bounced right off it again. keep an eye on 100 day moving average. that will be the key level where if we break it we'll have serious catalyst. yeah, no real change in the zap futures. liz: okay. all right. we will have to wait until monday at 9:29al. thanks so much, mark sebastian.

david: ukraine says its artillery destroyed a large part of armored vehicles entering ukraine from russia. the news sent stocks a lot lower and treasurys higher. they moderated by the end of the day of the investor worry this is start of something bigger. with us john bowl ton, former ambassador to the u.n. senior fellow at american enterprise institute. warning us about russia a long time. russia says this convoy was about goods, medical services, food to russian ukrainian people on eastern border. any way we can tell exactly what was in that caravan? >> well i don't think so at this point although there are reports, red cross inspectors are going through it. what the ukrainians claim they attacked may have actually been a different convoy. david: i see. >> there is theory that the convoy of humanitarian aid is kind after red herring. it was meant to distract attention from the supply of arms and supplies to the ukranian separate activities.

russians deny there was any armed convoy. so there is still a lot of confusion on the ground. david: count it be likely somebody at some point comes out with pictures? russia is showing the convoy filled with supplies to make their point. but could the ukrainians come out with pictures showing an armored column? >> if ukrainian military carries independednt phones with them, now is the chance to take pictures. david: there you go. >> a lot of this is battle of perceptions but i think russians are in real trouble military in these eastern provinces and shows that putin's strategy, a two track strategy of political and economic pressure on ukraine on one hand and military pressure on the other has run into real trouble. david: though putin is not one to back down over the past year or so in this whole ukrainian mess. i, my own suspicion he is not going to do it now. what is yours? >> no i don't think so either. look, from his perspective, he used military force to change a

border on the continent of europe. david: that's right. >> crimea is part of russia. what happened to him? next to nothing. pinprick sing shuns. -- sanctions. europeans, for example, sanctioned capital raising by certain key russian-owned state owned banks but sanctions don't apply to the subsidiaries in the european union. if you're sitting in moscow you're saying these sanctions are a joke. putin may believe, wrongly i think, may still be able to use force in eastern ukraine and get away with it. david: before we lose sight of ukrainians themselves and focus on putin, are you surprised that the ukrainians are fighting back with as much vigor as they are. >> they are doing exceptionally well. i have a feeling putin didn't either and separatists are in trouble and that is why he is ramming up the support. military in eastern ukraine now are purged of officers who were

more pro-russian. doesn't necessarily guaranty the performance of the rest of the ukraine military if this confrontation gets more intense. david: we should all remember by the way 20 million ukrainians were murdered by stalin. their memory of russian aggression is strong. their anger and vehemence against russian imperialism is also strong. so they have a lot of verv to fight back with. talk about what we should do now. one thing that kills me these conversations, these long conversations that president obama has with president putin. doesn't president obama realize that just about everything putin is telling him is a lie. >> no, he doesn't. i don't think he understands propraganda. the administration talks about russian misunderstanding facts on the ground. they don't misunderstand facts on ground. they are ignoring them. they talk about what they want russian people to hear. the opposite side of the ukrainian national system the propaganda that the ukrainian government is bunch of fascists

which has great appeal for russian population that remembers world war ii. but you're absolutely right about obama's conversations with putin about international law. remember, both of them are lawyers. i'm sure putin is sitting there in the kremlin thinking what planet is this guy on? david: i mean again, if you're talking to a liar where do you go from there? you can't trust any agreement that's made. but what do you think, is there anything we could do right now that would give putin pause? >> i think there is a lot we can do. i think we're doing next to nothing. i would arm the ukrainian military. i would give them the wherewithal to really put up a major opposition to the russians, if they came across the border in force. more importantly i would send significant political signal putting ukraine on the path to nato membership. the only way to back russians away here, remove ambiguity that exists between nato and russia with ukraine in the military. that is inherently unstable. it will not go away until the

west collectively, but particularly the united states makes that key decision. david: that would make russian aggression turn into war with the united states. but that is whole another issue. we'll have you back to talk about that. ambassador john bolton, leave it there. have a great weekend. >> you too. liz: david, today's fighting in ukraine sparked quite a jump in oil prices at one point up about 2% but this after they had fallen to multimonths lows. are prices on a long-term downward trend? how low will they actually go? we have deaf bull-bear debate. -- definitive bull-bear debate. gains made on yesterday's news for monster as news coca-cola is making investment in the company. charles payne, told you weeks about about monster. he is our guest next. we told you what happened to target after the massive cybersecurity breach. now another big retailing name says, we've been hacked. details next. ♪

david: time for a quick speed read of sop of the day's other headlines. five stories, one minute. bill ackman pershing square is use suing the u.s. government. i love it. they claim stripping fannie mae and freddie mac's profit illegally shortchanges investors in the common stock. he is with ralph nader on that one. supervalu is investigating a data preach that might have

affected a thousand stores. card numbers, expiration dates, cardholders names and other information may have been stolen. facebook new messaging app failing to impress users. 949% have given the rating one star across all the app stores. a start up for $200 million. south korean company joining competitors apple and google in the race to connect home appliances. microsoft building a snapchat-like app for the new phone. time-sharing app is called wind up. that is today's "speed read." liz? liz: monster beverage soaring today as coca-cola take as 17% stake in the company, if you had listened as we do to our own charles payne you could have made big money. listen now. >> my main thesis for being investor in market this, year, last year they had $500 million in sales outside of the united states it is growing like crazy.

this stock could end up being one of those tesla green mountains, one of the stocks that go parabolic. once they clear this particular hurdle. continued strong going growth of their own particularly outside of the country or being acquired. david: charles was dead wrong. wait a minute, dead wrong. the stock is actually up 81% since charles made his first car, call. with is charles payne. how did you know it was coming? >> remember when i said parabolic? that chart is definition of parabolic. david: i didn't think you were a chart man. >> my investment is 20% fundamental, 70% charts and 10% behavioral analysis. charts tell me when i want to pull the trigger. the rest you sort of watch behavior. david: that interesting. liz: did you ever anticipate that coca-cola was going to take a stake? >> i thought they would be acquisition. you know what it is? last, i mention this a lot as you guys, last time was in june. after that there were couple

downgrades. i was shocked at downgrades. every time coke comes out with earnings, pepsi, see one defining trend. we don't drink soda. we have stopped drinking sodas. okay when we stopped drinking regular sodas. diet sodas went through the roof. people don't like diet sodas. >> i'm out. stopped in january. >> they don't want it. they're in desperate straits. i had a feeling they had to do this and make it happen. i liked monster growing around the rest of the word. i have to ask you about jcpenney we saw up 11%. we thought it would stay there. ended up today down 2 1/2%. you're long on jcpenney. >> we're long on jcpenney. david: why? is it rising from the dead with new retailing? >> i took a lot of heat when this stock went to $4.90 kept coming on tv i like it. david: were you buying at 4.900? >> we had a position. we averaged down. we're profitable here. my target 12 bucks. what i like about jcpenney, i think viewers of show should

listen up about this, when you invest in a stock it is not a piece of paper, not a lottery ticket, not roll of dice, you are investing in people. that is one thing people should keep in mind. whenever you invest in company, behind that company every morning they wake up and go to work and try to do their best. doesn't mean they will be successful. i like ceo. i think he failed a little bit his first stint. i knew he wanted to come back with vengance. i think they can pull it out. has higher than average risk but i think they will make it. david: great to see you. charles payne a people person. don't forget to catch "making money with charles payne" every night right here on fbn, 6:00 p.m. eastern time. liz: one much your best calls, tesla was 40. >> last time we were here. it was down and now it is up. david: 260 record highs now. liz: we're charles payne fans. david: move over whiskey and scotch. there is new liquor climbing on to the top shelf. we'll talk to founder of american-based premium rum company, rum.

you heard me right, privateer rum. >> car lovers, listen up. we're talking about cars and taking you to the concourse d'elegance, to speak to the ceo of one of the leading auctioneers. this is such a crazy event at high powered and exclusive classic car sale. david: speaking of cars, stay tuned which car brand have the least amount of customer loyalty. i bet it ain't jaguars, right? >> no. i'm afraid to say.

david: call it the friend zone. some car brand can't seem to take their relationship with customers to the next level. according to data provided by kelley blue book, some of the top selling brands are among most likely to get dumped for a rival. here are three auto brand that command the lease amount of customer loyalty car after car. number three spot, dodge. reports show that for every one hundred vehicles customer reported 111 problems. only 23% of dodge customers stay loyal to the brand. chrysler taking the second spot, only 22.7% of customers intended to buy another vehicle from that brand. the car brand most likely to be cheated on by customers? mitsubishi. this is even though sales in the first half of 2014 are up 30%. george has i think one of those. only one in five mitsubishi

customers stay loyal to the brand. liz? liz: let's find out. all those cars, at least most of them run on gasoline extracted out of oil. oil prices rebounded from the lowest level, here is the intraday picture but if you look at six-month picture the rebound came from the lowest level in more than six months. following the report, that ukraine had attacked this russian military convoy. despite today's gain, oil settling the week in negative territory. because the international energy agency earlier this week lowered the global demand for oil for the whole year. nobody will use as after as they thought. is now the time to buy oil? is that a bad omen? are oil prices headed lower. bull-bear street fight. george gear rose, rbc wealth management and james kortier,

liberty group management. i couldn't decide who to start wit. i will beat up george a little bit. >> okay. liz: you're bullish on oil, a headline here and there makes it go up. if the best it could do was up 2%. didn't close up 2% in light of what could be a dramatic moment for oil, doesn't this mean there isn't a lot of juice behind the fire that should heat up oil prices? >> i think was the wrong type of rally. i'm looking for longer term, higher prices for totally different reasons besides russia. and of course, russia is a major producer. if we do have sanctions, and they ramp up sanctions, i may not even be able to buy gas at lukoil. liz: you think it is going to get that expensive? >> i think that oil will just go back up probably somewhere around $100 level and brent will maintain that ip, that 105 price. we'll go to 110 probably. i think we're going back to normal, basics in economics.

the second half of the year i think we're going to improve. stimulus will be needed everywhere. i think these extreme low interest rates are going to start driving more business. liz: james, do you totally disagree with everything that george has said? i mean you look at the level of $100 a barrel i can remember a couple years ago we were at 148 a barrel. >> yep. liz: that doesn't seem too awful to me. >> liz, i agree with your perception on the market right now. george makes some very interesting and valid points however presently the psychology of oil prices is changing and it is getting even more bearish. supplies in the united states are beginning to build. production in the united states is approaching 10 million barrels a day, practically double what it was just about seven or eight years ago. at a time we have renaissance here in the united states of automobiles enjoying, 35, 45 miles to the gallon, we think there is going to be a small

supply glut as we go into the early winter season this year as we have fewer people driving. as the winter approaches, we don't have heating developments happening. and we think oil is probably heading down towards 90. liz: a glut, george. he used the "g" word there. >> that is interesting word and i happen to agree with a lot of his points except for the short term. i'm a member of market technicians association. i really believe in charts. i look at them all the time however this time this is beyond the charts. i think what we're going to have to look at will be coming demand. we'll have 17 million car years. we'll needing more in china. we're going to be needing more elsewhere. actually, we will probably export some oil for refining purposes to mexico. liz: eventually. >> but on other hand i think you will see increased demand and low dollar. that is going to probably change

the picture down the road. liz: james, you as a bear, that is in direct opposite feel to what iea said, inner national energy agency? >> they said demand so so eh, we have to downgrade forecast from million .1 barrels a day to a million barrels a day. do you think you're bearish also, james, because people's habits are changing a bit? there are some hybrid choices, no matter what car is out there there are hybrid or all-electric choices. is america really changing the way it buys cars. >> i think it is. very interesting the fact that cars get such great mileage per gallon. we do have electric cars coming on the scene. they're becoming more and more popular and more and more efficient obviously. one thing i think will push the market down over the next three to six months is we have a slowdown in europe developing. a lot of people are buying oil

because of what is going on in ukraine. that is actually going to slow economic improvement in europe. that is the key to lower energy prices for the next three to six months. we like oil from the long side down around 88 or $90 a barrel. we think we'll see that this october. the points you made are very valid. we think that will help the market come down later this year. liz: james and george, we want you both back teachdeeper into the fall to see how this plays out. thank you both. george is a member of the market technicians association. i want to go to their cocktail. david: i would not put money against either one of those guys even when they say different things, they both know exactly what they're talking about. hard to choose from one of those guys. forget about fine wine or aged whiskeys, how about drinking upscale rum instead? seems it is all the rage now. we're talking with one of the pioneers in what is called the american rum renaissance coming up. liz: drinking and driving do not mix of course but if you want to go to driving part of it and own

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jeff battery life has been a big

on stackable for wearable technology, obstacle. they're looking for perfect battery pack retaining power would you being heavy or bullky. they partnered with intel to figure it out. the intel the smartest twice in the room. they have a perfect solution. they announce ear buds that can do everything other wearable tech can do. they drop power through the mp3 player headphone jack. david: right. liz: on this show -- david: that's great. liz: "wall street journal" celebrity business reporter lee hawkins called this partnership after his exclusive interview with 50-cent. watch. >> he is trying to establish a relationship with a blue chip company that will get them into the headphones market and maybe they can expand from there. but the key is, he has got that relationship he is going to announce that will be established. >> and you can see an interview with intel's top guy. he was with stuart varney this morning on foxbusiness.com.

the headphones will hit the market this fall. david: this is great stuff. great stuff. idea, sound canceling stuff need batteries. you no longer need batteries because of work of intel. liz: great. david: notice these two liquor bottles. liquor companies done well with high-priced brand of vodka, bourbon even tequila. rum has not had quite a break-through until now. americans began drinking more premium quality rum sales which rose 5.4% 2013. liz: entire privateer rum. this is small by high quality distiller based in all places, massachusetts. looking to find its place on the crowded top shelf. joining us now privateer rum founder. massachusetts, and rum, i'm thinking, little umbrellas and beaches but here you go. you figured it out. tell us how this all-star started. what is the genesis of privateer? >> it's a great story. i was first introduced to family

members six generations older than myself, privateer, very successful, molasses smuggler. in addition he had a rum distillery in beverly, massachusetts. the more i have read about him the more fascinated i came. the business side of my mind working through software last 20 years looked to the opportunity you guys described in the opening rum still really a second-tier spirit and i felt that there was opportunity with using best practices to really bring rum to the top shelf. david: but andrew, forgive me, you're ancestor 250 years ago may have been a privateer and a rum maker. you were a software guy. i mean you were the ceo of a software company. you don't seem to be, it is a rough-and-tumble business even though a lot more sophisticated than it was 250 years ago. making rum is a lot different from making software. how did you make the transition if in. >> that is a transition i'm

pulling on my dna from the privateer side of family for that one. you're absolutely right, it is rough-and-tumble. we're focusing on small niche and underserved niche which gives us breathing room to get off the gate. liz: talk about specs here and that means price. talk about different kind that you have, what the price points are, how they compare to say the bacardis out there? >> so, that two primary products we have today, one is called true american amber rum. that is a aged and casked and up in our distillery in independence switch, massachusetts. that that retail es for 34, $36. the silver rum retails for 27, $28. david: you said some of these. my producer said we have to have them up. that was after i broke the seal. i'm a privateer too, but from the drinking end, not the making end. i had a sip of each.

maybe i shouldn't even be say that on television, cable tv. i did have some, this is 90 proof. why i probably shouldn't be saying it. my wife is nicaraguan. i know rum very well. of the she claims the best rum is from nicaragua. this is damn good stuff. this is really good stuff. i would imagine there is a mafia of distributors who kind of try to keep out the new entries, the guys who have been in there longest. am i right on that or am i too paranoid? >> we have a complicated distribution mechanism in this country as you know. david: i'm right. i'm right. >> i will only say that we're very fortunate. we have two extraordinary distributors helped us build the brand a lot of distributors promise that. we're fortunate to really get the job done. liz: andrew cabot, the direct descendant from cabot from 17 hundreds. privateer rum. everybody should try it. david: don't be surprise when they're returned is opened many i'm the guy guy right.

>> all since forgiven. david: this is incredible stuff. that has number 14 on the back. that's why they want it returned. andrew, good to see you. could be first ever mechanical flashmob. scientists developing a flock of robots working together as a team. we have to story when we go "off the desk." liz: a very rare ferrari smashes the record for the most expensive car ever sold at auction. this is a live picture from pebble beach, california. and the event is expected to generate millions of dollars. we're taking you inside live, one of the world most exclusive car auctions. we'll look at some of the priciest and most luxurious cars on the market. i will take the purple porch. posh. 9m your 16-year-old daughter

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david: high point of the summer, for luxury car enthusiasts. annual concord della dance in full swing in california. most expensive car in the world. 1962 ferrari 250 was sold there last night. another ferrari is up for auction this evening, may knock that ferrari the first one, out of the water. liz: fox business's adam shapiro live from pebble beach.

adam. >> want to give you an idea just how much momentum is going into the collector car industry. this is a 1967 ford gt-40. they made 31 of these. this will sell at auction 3 1/2 to $4 million. look at prototype of this car. it is up for auction later tonight. it's a white ford gt 40. actual prototype number one. you can see it on the screen. the prototype will sell at another auction house 40, i wish 40. $10 million. the reason i talk about 40 million, the ferrari sold last night for 36.5 million, 38.1 with buyer's premium. another ferrari hits auction block, a silver ferrari. this is being auctioned by rm. rm thinks they might break the record that was set last night with this 1964 silver ferrari. one of only three that was ever

produced. and here is what ian kelleher told us from rm why the car is so popular? >> in today's world, that aspect of condition and provenance is what is adding most significant amount of value. so when a car has its original engine, body, chassis, gearbox and certified by the ferrari factory and received the considered ferrari redbook from classic k that add as level of value can't be on attend from any other organization except ferrari. >> all right. so now, i want to show you something else. they talk about quality is something drives price of the car up. something that is rare, also drives up price of a car. this is spanish car. 1954. this will sell, they're thinking anywhere from 900,000 to 1.4 million. but if that is budget buster for you, i will ask lance my photographer to come over here. a lot of us grew up either driving mom or dad or older

brothers or sister's japanese cars, mazda. that is bmw. that is a mazda. these are now becoming hot, david and liz. this mazda, it will probably go for $200,000. hardly a bargain for thoughthose of us on a budget. when you consider cars selling 34 million plus and private deals exceed that. david: 200,000 for a mazda. imagine. adam shapiro in pebble beach. >> mazda they say in canada. david: thank you, adam. liz: it is a swarm of self-organizing robots that can transform themselves into different shapes. how do these mechanical shape shifters work. we'll tell you when we take you "off the desk." david: katy perry turned one super fan into an overnight sensation with a simple tweet. we'll give you details coming up. ♪

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>> let's go off the desk, call it a miniature robot army. harvard scientists have engineered a flock of robots that work together as a team. a thousand of the miniature three-legged robots crowd together like a school of fish. engineers say one day the robots will work together to crawl into rubble after an earthquake to search for survivors. >> starbucks barista turned a soy latte for pop singer katy perry into a claim for fame. he leaned over the counter to quietly sing her praises, soon after perry left, dear jason, you make a mean soy latte! there were 3,000 retweets and 8,000 favorites of that tweet. >> the number one thing to

watch next week is going to be not ukraine, not russia but the fed. jackson hole, the big meeting kicks off thursday, fed chair janet yellen will be there. we'll hear what she says. >> the number one thing to watch this weekend is forbes on fox. cheryl: hello, everyone. i'm cheryl casone in for gerri willis tonight. coming up on "the willis report," once again congress is standing in the way as the post office tries to streamline operations and turn a profit. we'll get your reaction. chaos in missouri, police and protesters have been clashing for days. but do people have a right to capture it all on film? our legal panel is going to have the answers. and a wireless phone company price war may be on the horizon. find out if consumers will be the big winners. "the willis report" starts right now. we begin tonight with outrage over