about a spin-off. [closing bell ringing] the stock jumped on that, up almost 5%. david: hewlett-packard up 6%. so a lot of big winners in this market with the overall market doing extremely well. let's go through all indexes. one of those days where it is solid gameday but individual records. not a spectacular day of gains. big enough. stocks like hewlett-packard, bank of america, a great day. all indices are up, dow jones, around 61. nasdaq up a slight bit there up .12%. s&p 500 up .3%. "after the bell" starts right now. liz: it's a record. the s&p hitting an all-time closing record. let's get to today's action. there was quite a bit of it.

ryan dietrich, market strategist says the bull market may be old, at least growing old. that doesn't mean it is over. he will tell us best sectors he believes you should buy. scott bauer from the cme. talk about the feel of today, again coming one day before janet yellen is supposed to speak. one day after we got the minutes. doesn't seem to be too much angst on behalf of the bulls? >> no. i mean there is no angst whatsoever. in fact the feeling is, not if, when we hit 2,000 on the s&p. i'm not saying these guys are going outgoing crazy long. it will happen sooner rather than later. groundwork, what yellen probably says tomorrow. the market already accepted the fact that whether it is july, june, sometime next summer, when we see, rates probably rising. well, for the interim, things are good here, right? we're seeing seller, it is not over the top earnings from the

s&p 500. liz: breaking news. it is gap earnings. let's get to adam shapiro. how did they do? >> liz, a lot of people are saying gap is surprising investors to the good side. earnings per share adjusted 70 cents. street expecting 69 cents. it is revenue picture, outperformed not by a lot but outperform. 3.98 billion. street was expecting 3.96 billion. we'll jump into this get more to you. bottom line is beat a beat. liz: a win is a win no matter how tiny. want to mention a couple of headlines. on track to finish their fiscal year 2014110 gap stores across main mainland china, hong kong and taiwan. clearly, david, a chinese effort is really important. david: not bad at you will, though after hours is not moving much at you will. certainly not big moves we're seeing in other stocks. ryan, let me talk about investor confidence here, clearly at one of the highest points in a long time. i'm wonder if that is concern to

you? some people think higher investor confidence goes the more danger there is of a big fall. what do you think? >> that is exactly true, david. bull market peaks, when everyone is bullish, one thing we impress by, 4% dip, off the charts bearish almost all year. put to call ratio highest level of fear. right now the qqq, nasdaq 100 up seven days in a row. people are feeling goo good, two weeks ago, all this stock is the big one. comes 10% correction. sure we go higher. eventually we pull back more, all that freaking out and all that fear come in -- david: freak out is a good thing. >> from a contrarian point of view, on modest 4% pull back you love to see that absolutely. liz: in the last hour alone, brian, polaris industries, they make indian motorcycles and all-terrain vehicles, we also had textron, they're making a boat drone. their stocks are doing extraordinarily well and they're

selling. polaris ceo says the consumer is stressed. immigration reform, clarity on tax reform. there are things holding the mark in a way back. we keep seeing records. doesn't that make for further case for the bulls, ryan? >> i think it does. when you talk about consumers, that is a big thing. consumers are lagging. housing is lag, all of sudden since august turn around consumer discretionary stocks have done great. a lot break out. gap is doing well. retailers are doing well. housing stocks all of sudden really started to lead. we haven't seen with housing and consumer stocks leading. august is wishy-washy month. the september is bearish month. david: excuse me for interrupting, consumer discretionary, game stop would fit that category. you don't have to have it. but they are announcing their numbers. adam, how do they look? this is a beat and a beat. 22 cents, adjusted earnings per share. street is expecting 11 cents on revenue of 1.73 billion.

street was expecting 1.65 billion. there is lot of speculation of companies that do share buybacks but don't deliver. second quarter of 2014 gamestop repurchased roughly, $75 million worth of stock. they have $329.4 million remaining on the existing repurchase authorization from back in september. so, earlier this year. but bottom line beat and a beat. david: and as a result of that, by the way this stock is up 10% the past three months but right now, they are up about 6.25%. so a big win for gamestop. looks like it is winning after-hours as well, liz. liz: it is. we would loss like to express our happiness and hope and news that paul raines, the ceo, come through surgery for a small brain tumor. wishing him best of luck. david: absolutely. liz: we'll hear more about this on the conference call, continue to run the company. we'll watch for that. every time you see the company's

stock price goes down it pops back up and does better. we're looking at gamestop. brent wilsey, talk about the market action, isn't it? fed speak and fed news book ending from yesterday and tomorrow where do you think this market goes? >> you know, liz, this is not a bad market. it is not overpriced. it is not cheap by any means but there is great information coming out. we had good jobless claims coming in. leading indicators up 0.9%. good philly fed number. we've got good economic numbers. good things going on. the market is not super expensive. you have to be careful what you're pie buying out there. don't fall into traps of high valuation stocks. david: scott, we talk ad moment ago about the fed. tomorrow janet yellen comes out and is out in jackson hole. how much do you think she is looking, realistically they will make their decisions not at all interested how the market receipt acts.

i don't at all believe it. i think they are interested in how the market reacts, when the market goes down dramatically they try to cover it in some way. how much do you think she is tailoring her remarks to the market? >> i totally agree with you, they do care what happens in the marketplace. you know what? i'm sure the script is fully, fully planned out, she is really not going to deviate from what we have seen over the last few fed meetings and comments coming out. it is going to be very, very dovish in my opinion. it is going to be, to the extent, she will say, june, july, inflation risks are not minimal but not really a concern. i don't see what she says tomorrow being any impact whatsoever to this marketplace. they do c ey want toee mke theyovarkeect yr ittlighe

z: r ges moneyan perspective. will you lten more cloly to janet yellen or mario draghi of european central bank. he will be speaking tomorrow? >> i focus on what janet yellen has to say. at the same time, what scott said, things are looking good, i wouldn't be surprised we have sell the news tomorrow after what she says. this end of august is a little bit after dip. makes sense from seasonalitity point of view. all in all things look really nice for me. david: ryan dietrich, brent wilsey, scott bauer, thanks for you all coming in. really appreciate it, guys. >> thank you. liz: we have to continue to talk are gat in jacz: gorgeous backgt what is going on in the foreground if investors have their ears to the wall, looking to clues when the fed could raise rates. we have a man who has been in the fed voting room with fed chair janet yellen before. he knows what she might be

thinking. former kansas city fed president and now fdic vice-chair, tom hoenig. david: nice to be a fly on the wall. he is a fly on the wall. bank of america will play $17 billion to settle grimes over mortgage bond that it sold that led up to the financial crisis but where does all that money go? over 100 billions in fines paid off to the doj since 2008. where is it coming from? where does it go? could it be funded by the fed? all those questions could be answered coming up. liz: are you ready for some football? american football making its way across the globe to china. we're talking to a man betting big on the new china american football league a real entrepreneur. david: as we revisit the financial crisis started by the subprime crisis, who do you think is more responsible for it, the banks, or the government? tweet us, @fbnatb. your answe ♪ [ male announcer ] once, there was a man

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once-daily breo ellipta helps increase airflow from the lungs for a full 24 hours. and breo helps reduce symptom flare-ups that last several days and require oral steroids, antibiotics, or hospital stay. breo is not for asthma. breo contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. breo won't replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. breo may increase your risk of pneumonia, thrush, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking breo. ask your doctor about b-r-e-o for copd. first prescription free at mybreo.com liz: the numbers just keep rolling in. we just got aeropostale moments ago. david: let's head to nicknicole petallides on floor of new york stock exchange. how are they doing?

>> retailers had a hard time. stock was down off%. they had a beat there. loss of 46 cents which outpaced estimates of a loss of 49 cents so that is a beat. you have the revenue number for second quarter 2014 also came in better than expected at 396.2 million versus the estimates of 394.44 million. you do see that the stock is to the downside. they did see same-store sales lower, down 13%. so many of these retailers have been struggling despite cutting costs. they have a build-up in inventory. it has been a very highly promotional environment. we'll have to see whether or not they fell culprit to that. and so the stock also, i want to look at a long-term chart. the stock hit the low, annual low of 3.10. look at that 10-year chart! that's terrible? that is horrific. it gross right back to these levels of three and change. go back to 2003. this is even worse than during the financial crisis.

if you're a shareholder and you've been holding on to the stock hoping for the comeback, well you saw that. that is the story. it has been the opposite way. they did beat on top and bottom lines this round. so that is good. liz: it may be a start. nicole, thank you very much. >> thanks. david: bank of america stock did very well today, up 4% despite the company's $16.6 billion fine. that equals three-years profit for the huge bank. this is just one of many such fines. banks paid the government, look at this, more than $127 billion in fines since the 2008 financial crisis. so where does all the money go? what good does it do? with us is former federal prosecutor fred tecce. fed, first of all, focus on bank of america. thanks for being here by the way. >> thank you. david: paid out $16.6 billion. 7 billion goes to relief to consumers. that leaves about 10 billion for the feds and state governments. >> correct. david: $5 billion goes to the

department of justice. that is about a third of the overall fine. that's a lot of money. add up all of this money been paid out since 2008, that ads up to 42 billion that the department of justice has. what do they do with all of that money? >> i like 42 billion because divide it by three. when i was with doj i used to ask if i keep a third of everything i collected. a third of 42 billion, i can do that math in my head. david: hold on a second, fred. excuse me, fred. i have got to be specific. 42 billion is how much they got. that is a third of 127 billion. >> i know. david: 42 billion even spread out over several years is a lot of money. where does it go? >> let me answer your question. ultimately it ends up in the u.s. treasury. interestingly what the public doesn't see often times there is infighting among governmental agencies about different things. one of them how do we whack up the money? for instance everybody wants to get their fingers in the pie. and you know, hud will want their part.

freddie mac and fannie mae. if you go through the doj priest release you see statements from a lot of people. what that says to me as insider, these are people looking with their hand out to get some of this money. david: right. by the way, bank of america, as i mentioned is up 4% which sound crazy. >> right. david: until you start looking at how they're paying for this. in fact, one thing that they get for paying mostly in cash, is a $4 billion tax deduction. >> correct. david: so you take 4 billion off the top. take increase in the stock value, they end up doing pretty well? >> they are going to end up doing pretty well. they will put it behind them. look, i don't like these december. these are strong arm tactics by the government. david: right. >> as lawyer in most states you're not allowed to threaten people with criminal prosecution to get a civil settlement. ultimately the bank made a business decision with lawyers with fans at this suits and wing stip shoes to cut this deal to move forward and the market is reflecting that. they can get it over and done with. remember a lot of stuff was

countrywide and merrill lynch which boa didn't own at time all the stuff was going on. they made a business decision. you can't fault them. david: by the way i think mr. mozilo has charges pending against him as well. >> he does. he heard rumor there is a civil case in california brewing against him. david: right. >> look, criminal charges are very powerful thing and, but when you've just gotten $16.9 billion your motivation going after people criminally goes way down. david: that's a good point. one thing i think they should go after criminally, i don't think it is possible, bankers, are culpable, a lot of them should be personally held responsible. >> i get that. >> what about the politicians? let me run through the list. andrew cuomo was head of hud. article from "the village voice," andrew cuomo gave birth to the mortgage crisis. barney frank, we all know who he was. an article from "atlantic

monthly" saying he was principle advocate to put lower income people into housing they couldn't afford. president barack obama, 1995 he headed up a lawsuit against citibank. it was successful. it paid out about 186 of his clients. only 19 of those much 186 clients still have potential of their -- possession of their mortgage. that is they were not really good bets. president barack obama himself, the head of the department of justice, was responsible for some of these bad loans. >> if you're asking me whether or not guys like barney frank and those people should have been held responsible for all this? i agree with that wholeheartedly. unfortunately we live in political world. the doj will no-go after guys like barney frank. they go after the banks with easy scapegoat. paint them off backed guys. banks gave them opportunity to do this. let's not lose sight of a lot of people of banks did a lot of nefarious and quite criminal things so. david: what makes it worse,

fred, it is not just one side or the other. the collusion. >> collusion. david: i don't think collusion is too harsh a word between the private sector and public sector. mozilo back up freddie an fannie the way he did. he was one of their biggest supporters. he condemned those people that suggested there was problems with those institutions which eventually went belly-up. >> correct. right. and so, and he still hasn't been charged either criminally or civilly. although again i say i think you will see civil charges against him. it goes, went all the way down to the rank-and-file people who knew what to do to shuffle these people in to get them loans when they knew they weren't going to be able to pay them. david: yep. >> well, look -- david: crony, epitome of crony capitalism. we have to leave it at that. >> correct. david: absolutely both side, private and public working together hand-in-glove. fred tecce, great to see you. >> enjoy your weekend. david: folks, we want to hear from you. what do you think? who is more responsible for the financial crisis, the government or banks? maybe as i said it is collusion

between the two? tweet us @fbnatb. your answers coming up. liz? liz: david, thank you, we're counting down to fed chair janet yellen's big speech in jackson hole, wyoming. it begins in less than 24 hours. next our peter barnes in jackson hole will ask former sans city fed president and now fdic vice-chair thomas hoenig what to expect. we'll find out what is really going on in the housing market after today's great numbers. stronger existing home sales. century 21 real estate ceo is our exclusive guest. the biggest ever reported hacking attack on a u.s. health care company. you need to hear this. details straight ahead. ♪

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see car insurance in a whole new light. liz: time for quick speed read of some of the day's other headlines, five stories, one minute. first up, wall street banks are boosting pay for junior bankers. big banks, goldman, jpmorgan, morgan stanley are raising salaries by as much as 25%. yoga apparel sales soaring up 45% over the last year. analysts say barclays u.s. athletic apparel market will increase by nearly 50% to more than $100 billion by retailers by 2020. chinese hackers stealing 4.5 million patient names, social security numbers and other personnal data from community health services. it is the biggest reported cyberattack ever. u.s. health care company.

walmart slashing iphone prices. selling iphone 5s for $79 and iphone 5c for 97 cents, david? yes. new prices only used with two-year contract on at&t, verizon and sprint. [buzzer] there was one another i have to add. u.s. median income rising. new report by steiner research, median income by 3.% to 350 in june. david: okay. global economic leaders and key policymakers in jackson hole, wyoming, a nice place to be for federal reserve of kansas city economic symposium. liz: peter barnes is live in jackson hole with the fdic vice-chair and former kansas city fed president tom hoenig to discuss what fed chair janet yellen might say in her big speech tomorrow, peter? >> great to be out here, except for one things, guys. it is like 45 degrees with the windchill factor. talking to tom hoenig about

this. worst weather that he has seen in what, 20 something years, tom. >> that i've been coming here. >> we'll try to stay dry as we talk in particular about bank regulation. as you mentions tom hoenig is vice chairman of the fdic which is very busy on dodd-frank implementation and post-financial crisis work. and it has been busy today. it was part of this $17 billion settlement with bank of america over flawed mortgage-backed securities, about a billion dollars of that money will go to the fdic and so, tom, i wanted to ask you, get your comment on this. is it a fair settlement? is there more work to do? what is your take on it? >> i'm not at liberty to talk about individual institutions and so i won't but, issue is more broad than that because there have been several penalties been assessed and forth. i guess i would make three points. number one is, in the institutions that were acquired,

those institutions did cause harm. there was damage done and therefore there is a certain degree of accountability that is become looked for. the second thing is, that when these institutions, larger institutions acquired them, i won't, i have no idea pressure what was around it, but they did make a business decision, given the risk return on those, and they did purchase them. and they purchased assets and the liabilities and all the liabilities that come with that. the return, i think in many cases has been very good for them. in some cases we'll wait and see how much, how good the return is over time. but i think, they are, they were at the table. they made a decision. they made a choice. and in many, most cases it is worked out i think pretty well for them. finally, i think in the future i've been asked will they come back? i say, you know, if there is an opportunity, i think they will come back, look at the circumstances. they may negotiate it differently and so forth but i doubt they would just walk away from an opportunity without

looking at it. >> talking about law enforcement? >> no, i'm talking about the companies that offered these opportunities to look at and purchase failed institution. >> i see. >> in these were for these institutions. >> i did talk to one bank executive recently about all this, he said, listen, we've ponied up tens of billions of dollars to try to get this behind us. so we can move forward. and, get back to our business. how much longer do you think this, this will go on? and is the, is the, is it almost over? or is it going to continue for some time? >> i don't know, that is the justice department's area, not ours alone. they lead this effort but i think in many cases everyone wants to get this behind us. they do, we do. but as i said, harm was done and there is a certain accountability that people are looking four. -- for. i think in most cases these returns for the companies that made invests have been pretty good. >> this is a nice segue to one of the big issues you're working on which is too big to fail.

>> right. >> and dodd-frank, we were told, was supposed to help stop too big to fail. but you think that it has not. why not? >> i think there is a ways to go on that. these institutions are now larger than they were in 2007 and 2008. they have 30% notional value of derivatives. if any one of them were to fail right now given these complexities i think it jeopardize the economy. there would be very strong incentive for the government to are to step in. so what the dodd-frank bill did, it introduced this idea, wait, you, companies, show how you can be put through bankruptcy without government support. go through that exercise. >> without a taxpayer bailout. that has been called the living will. i think they have the obligation to go through that process, show us as the law requires they can in fact put themselves through bankruptcy without, and i'm asked, over and over again, how

do they go about doing that? and i think the most important thing they can do right now is not assume, when they present these plans, not assume that the government is backstopping them. it is their responsibility. >> and you were, you were very, very critical of the latest round of these living will submissions by the top 11 banks, those with assets of $50 billion or more but you know the banks are saying that just in general, to be fair and balanced, they're saying, listen, all these new rules and regulations that the regulators are trying to do to us a may hurthcono. cou >> rigt. >l ms pess competitive with our, withther big global banks. >> right. >> in about 30 seconds what is your response? >> well i heard that from them and i would say there is nothing i have seen more devastating to lending and the economy was crisis in 2008 that they played a major role in. what we need to do is find the way to allow them to be a

private enterprise and accountable through the bankruptcy process for their actions. when they do that, then they will more confidence, we will have more confidence them and i think public will have more confidence. >> hold those thoughts because we have lot moreo t a th tfoxbusiness.com. we're going to talk to tom for another five or maybe ten minutes even if we can because we have a lot more to follow up with him on these and other important subjects. watch for that video, that special webex exclusive to be posted to our website later today. dave and liz. david: what a guy, what a perfect guy. so often see these political hacks. what a perfect guy to have at fdic. absolutely perfectly suited for that position. we are very impressed much. thank you very much, peter. i'll be watching. >> pass it along. >> don't freeze him out. david: you have heaters, not so cold there. liz: foxbusiness.com the conversation continues. david: we'll be watching. >> existing home sales rising to a 10-month high in july but just

how strong is the housing market recovery? who better to ask than the ceo of century 21 real estate, the world's largest real estate franchise company. david: i heard of it. liz: they're global. he is our exclusive guest. david: u.s. exported everything to china from fast-food to passenger jets but football? really? coming up we talk to a entrepreneur that wants to introduce china to the kind of football, sort of that we play in the u.s. we'll explain, coming up.

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david: time for a look at today's market drivers. the dow moved back above 17,000 while the s&p 500 closed at new record high, eight points away from 2,000. is s&p's 2th record close of the year. -- 28th record close. financial technology were today's top performers. number of americans filing for first time unemployment benefits fell, claims dropped 14,000 to 298,000. sales of previously owned homes rising for the fourth straight month, hitting their highest pace so far this year. sales climbed 2.4% to an annual pace of 5.15 million in july, good number. liz. >> speaking of the housing market, david, it is looking stronger with recent encouraging housing data but does this mine homebuyers feel strongly about

the importance of becoming a home owner? don't you need one for the other, vice versa? who better to ask about a leader in the housing market with offices in 75 countries around the globe. joining you for a business exclusive, good to see rick davidson, century 21 president and ceo. rick, we had all the data on the screen. existing home sales which look very healthy. how do you feel about the housing market right now from where you stand? >> well, good news coming out of the housing market, liz. great to be with you. the reality is we're in the midst of a long-term housing recovery. combination of historically low interest rates, improving home inventory. you have, four months now of improving home sales figures. in units and, you've got good home affordability rates. all of this bodes well for a sustainable housing recovery. liz: i love the news that the 30-year fixed just dropped down a bit more even. it is now at 4.1%. that is the lowest since

october. but we're not seeing, a rush to buy, are we? what do you think is holding back the markets from a bigger move, awave of a move? >> well, you know, you saw the home starts that came out to the market earlier this week. that means better inventory. liz: right. >> across the board. we have seen improving inventory numbers. in fact almost 25% improvement in inventory figures, since january. we're at a five 1/2 month supply. so you know, the greater supply, the greater access, to homes, and we think that the market will continue to improve. liz: okay. with rates where they are, which david and i, we're talking about, we've known people, both our sisters, when they first bought their houses in the '80s, they were paying 18%. really historically 4% is amazing. are you seeing it better to or to buy right now? >> well, you know, it is interesting. we just completed our survey of single homebuyers because we have seen a, the beginning of a

shift in the homebuyer population. according to nar, nearly 30% of all homebuyers today are singles. what we found in that survey, actually was that, what i found to be, to be most surprising is what hasn't changed. as things change, things stay the same. so singles still feel owning a home is critical to their long-term future financial success. they still feel as though owning a home is part of the american dream. they want to have a yard. they want to have space, and so singles are finding reasons to buy homes. liz: really, i really -- >> seen the numbers in first-time homebuyers be down, in comparison to historic norms. they were 29% of the market according to nar's july figures. but that is for a couple of reasons. one is, access to affordable credit. and, yes, interest rates are low and in fact they're down 30 basis points since the beginning of the year.

but there has been difficulty in some of these first-time homebuyers finding a mortgage. in addition, the, the inventory for first-time homebuyer ranged homes has been relatively low but we are seeing improvement in those figures. liz: i just want to get what you mentioned, and that is, access to lending. mortgages, we've had surveys that actually prove the banks are lending more, but, the anecdotal evidence is that people with good credit and good fico scores are still getting turned down for mortgages. it is still challenging. what evidence do you see about that? >> well, you know, we're talking with our brokers and agents around the country and we're still finding there are lots of buyers out there. today's numbers, that came out, 5.15 million homes for an annualized figure shows that there's still a good strong housing market in in fact we think it is setting up nicely to have a strong back half of the year. as we move into 2015 both

national association of realtors as well as fannie mae are projecting increase in total overall volume of 12% in 2015. yes, lending is still difficult. you know, what you have to focus on if you're a first-time homebuyer especially, is, you know, know what your credit is. liz: of course. >> understand what a fico score that is and it means in terms of relative risk for underwriter. save up enough money to put downtown payment and figure out borrowing money from family and friends in order to make that down payment. there is lots of ways to have the affordability of a home for first-time homebuyers and to get access to credit. liz: rick, we want you back. before the fed raises rates and maybe right around the time they decide to telegraph they're going to be tightening rates because i think the housing market might move perhaps in interesting ways. great to see you. thanks for joining us. >> great to see you, liz, thanks for having me. liz: always. rick davidson.

david: century 21. professional football crossing into new territory with a plan to start a league in the world's most populist -- populace country but not where it is played. china. we'll have the guy behind that league launch. airlines soaring to reach a record this year, so what is behind the surge. who are the top performers so far this year? we have details in a moment. she's still the one for you.

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david: arena football is crossing into china. the country's first professional league is expected to kick off next year with teams in cities all over china. liz: so why is the world's most populace country a good market for this particular sport? joining us is the business man leading the charge into new territory. look at that smile. marti judge is excited about it. judge group founder and ceo and owner of the arena football team, the philadelphia soul. marti, how and why did you come up with this idea? >> liz, i want to thank first you and david having you here. david: a pleasure. >> i'm quite excited. i went over there with my company. when i went over there on weekends, there is ping-pong, badminton, soccer, which is a great sport and basketball but

there wasn't any football. owner of the soul and with ron. >> wars ski who is very aggressive, ron and i decided, marti, why don't you take american football, indoor football over to china? -- jaw worse ski. i found out that the government was very, very interested in it. they have arenas in every city. they don't have the facilities for the nfl. that is where the nfl got into a little problem exporting that. it is historical, for indoor football. prepared to do it. david: viewers, marti, who might not be familiar with arena football. you live and breathe it. you have for years. half the size of a regular nfl field. >> that's right. david: it is about 50 yards, instead of 100 yards and played a little different way, in a way more suited to the chinese. aren't a lot of your players in arena football chinese if.

>> not a lot. there are some. and in fact, ed wang who played with the nfl is working with our team out there now, being a representative for us. whether it is nfl or arena football, it is american football and very historic to be out there. liz: talk about names of the teams. have you even gotten that far, marti? >> yeah, well, we're doing that right now. shanghai dragons looks like definitely going to be a name. liz: how original. >> we have beijing, we have the beijing capitals. because it is the capital of china. we're working on that now. i'm letting my operation team handle all of that. liz: okay. >> i'm also giving the rights to the franchisees owners to pick a name that they choose also. david: marti, how will you get paid for this? and who pace you? you mentioned the government is interested. are you getting paid by the government or is it private or what? >> it is private. i'm only privately-run sports

league in china. i pay the government for the rights to have this exclusive rights in china. liz: how are you going to make the money, marti? >> well, i'm selling franchises for 10 million a franchise. i'm going to have eight franchises next year. we have sponsors may paying a million, two million dollars every year. we have tv rights like in india, they started nfl a few years ago and got $400 million a year for it. v rights. and of course the nfl, which i'm like in china, because i'm only football team there, they get $10 billion a year in tv rights. so i'm looking for it. v, definitely to bring back some money to our league as we expand to 30 teams. david: verying stuff, marti. wish you the very best. come back to let us know how it plays out. >> i would love to. david: marti judge, judge group ceo and founder. proud philadelphian.

marti, great to see. >> i'm in for the hong kong pandas. is that not -- >> will you be a cheerleader? would you be a cheer leader? david: whoa, what a suggestion. liz: they turned me down in high school, so yeah, i'm in. i'm in. david: like the shanghai dragons. shanghai dragons my team. marti, good to see you, man. >> all right, guys. liz: after years of turbulence, the u.s. airline industry really does seem to be finally rebounding with several major airlines reporting record profits this year, so will the pattern continue? coming up rich edson will give us latest numbers and industry trend. david: one do matthew mcconaughey and animated hamsters have in common? they're both the faces of two separate upcoming auto ad campaigns. i think you know about the hamsters, right? we'll give you all the details when we go "off the desk." ♪ so ally bank really has no hidden fees on savings accounts? that's right. it's just that i'm worried about you know "hidden things..." ok, why's that?

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david: amtrak is going way up. that is whole new story. rich edson is live in d.c. with more. >> as long as i don't have to fly from d.c. to new york that is terrible ride. trade group representing carriers in the u.s., made $4 billion in profit during first half of the year, up 1.6 billion during the same period last year. analysts are calling for airline profits to climb further. the industry is expecting boost over the labor day holiday. 14 million passengers will fly from next wednesday to the following tuesday. that is more than 13.8 million who flew last year, representing a 2% increase. in the airlines meet or exceed those projections, another win for the sector this year. what was an investment warren buffett once described as way to turn a billionaire into a millionaire airline stocks have been rewarding investors of late

airlines are up considereddably for the rear. the reason? drop of oil prices. dropped 10%. industry consolidated, reduced overhead and airlines are relying on newly discovered revenue stream charging services for checking luggage, all that was once free. they have paid downsizable debt loads from 80 billion in 2012 to about $70 billion during first half of this year. analysts reminding to the clients airlines could add to the gains the industry is particularly susceptible in fuel costs. for increases in ticket price, airlines say their cut is actually falling claiming fares fell 8% 22000 to 1919 while taxes on plane fare are up 50%. back to you. david: thank you, rich. liz: matthew mcconuaghey acting good enough to save a struggling car line? stay tuned.

>> time to go off the desk. hamsters have been on a hiatus from the kia soul campaign. they boosted the kia soul to be the second best selling model in the u.s. the hamsters will make a comeback during mtv's video music awards. >> ford has matthew mcconaughey. playing off the 2011 film the lincoln lawyer which mcconaughey's character performed legal business out of a lincoln town car. mcconaughey will invite viewers to experience the vehicle for unscripted moments from the movie. >> that's cool. tonight at 8:00 p.m., you got to be watching eastern time on "cavuto." i'm interviewing the former boss of slain american journalist james foley. this guy spent millions trying

to save foley's life. unfortunately, he did not succeed. whole story is tonight 8:00 p.m. eastern time. please don't miss it. >> definitely. the old farmer's almanac, right? >> hi liz and dave. no less than the farmer's almanac, super cold winter. they're calling it refriger nation. the government makes it harder to get the most popular painkillers in the country. no more prescriptions by phone and harder to get refills. we'll tell you about it. new home prices at the highest point since the recession hit. and what's for dinner? the government says chinese chicken is okay, but is it? don't pick up your fork until you hear our report. "the willis report," where consumers are our business, starts right now.