david: on flipside, aeropostale getting crushed today. [closing bell ringing] >> they can't get the mix right. analysts are little concerned about aeropostale. liz: max the book closed on this week of trade. as the bells ring on wall street a week long trade for dow jones industrials and s&p 500. nasdaq shining once again hittings another 14-year high today. we do have the russell 2000 with just a tiny bit after gain, flipping over to the downside. barely a straddle here. so much for janet yellen's speech as didn't give markets one way or the other. david slugs his shoulders. let's get going on this friday. "after the bell" starts right now. david: we have a whole week of action to talk about. started like a bang and ended kind of like a whimper. john tuohey, has three picks about market volatility.

john says investors should stop fighting fed and play along with easy market conditions. stephen oliner, former fed board member says yellen has it right. of course we have larry shover, who bright and early way before janet yellen got up, sending us his notes what is happening. what did happen, larry? we were expecting a lot more from janet. weren't you? >> you know, actually, ended up being anticlimactic. i was expecting a little bit more. hard to accuse her of anything. given recent data points, especially wage growth, lack thereof and cpi coming in a lot colder than expected, she is able to lay in the woods right now and talk about being very data dependent. talk about wage growth not being there and environment changed since that great recession. that said, very anticlimactic. i was caught a little bit surprised. liz: steven, former fed board member, so let's get right to your opinion on this.

tell us, give us some direction. i love how larry cac gorized it and hard for him to be mad at her because this was sort after squishy speech in a way. >> she didn't break any ground. that was right. repeated what was said to the statement at last fomc committee meeting, they see economy is not full employment and need to keep policy accommodative. this was message of continue ages. she didn't break new ground. but these highly hyped speeches seldom do break new ground. she needs to represent the committee, not just herself. david: joe, one thing that ace bother, good to have unemployment figures come down. that is a good thing. we all understand that. there are changes in unemployment. a lot more part-time jobs than there used to be. a lot more people pulling out of the labor force. no real wage growth. that is a drag on the connie.

-- economy. i'm wondering why it is not more of a drag on company profits? >> what you're seeing there is excite competitive jobs market for high-end work and what has been really sucked out is the middle of the market. so what you're seeing in janet yellen i think is a shift in policy from one which is opposite from trickle down as it could be. much more of a flow up. i don't think unless we see really significant signs of inflation, gdp is the driver for her. david: joe, answer my point about real wage growth because that has been a drag on overall economic growth but hasn't been a drag on corporate profits. why is that? >> people's balance sheetses are in much better shape. david: okay. >> everyone refinanced. they have a lot more money their pockets and economy is better and home values gone up and willing to spend more. we're seeing a balance sheet recovery, not a economic recovery. that translates into higher profits for everyone. liz: how perfect then to go to

john tuohey. if balance sheets are improving, that segues perfectly to your perspective. companies are healthier and they are making money, right, john? you're saying be in stocks? >> yeah, i would definitely agree with that. we've seen certainly coming through earnings season a pickup in revenue growth. that make us a lot more optimistic. we like to see that continue, just to make sure that that's not just the rebound from what happened in the first quarter where economic activity was depressed. our only concern would be, if you look at revenue growth across the sectors, industrials, which is one area where we would really like to see revenue growth pick up. that was probably the weakest sector in this earnings season. david: hey, steven, we put together a chart, we've shown it a couple times now, it goes back 35 years. it compares the fed fund rate with inflation. and there have been only been a couple of times, the longest, most sustained period when interest rates are below

inflation, have been the past three years since qes, all those qes started. we have not had a booming economy ever under the conditions where you have interest rates below inflation. will we? i mean don't we have to invert that chart in order to get a really good economy? >> well, think what is going to happen is, the economy will do what it is going to do. then the fed is going to respond. if the economy picks up, we do get faster growth. david: let me stop you there. the yellow line is the fed funds rate. for most of the time if you're saving money you can do okay because the inflation rate is below it. but you're getting killed if you're a saver in this environment. go ahead, steven. >> yes. that is absolutely true. so, if the economy picks up as the fed expects, still are looking for something like 3% gdp growth in the second half of this year and next year. then the federal fund rate is going to rise, probably sometime next year and going to make its

way gradually to a level close to 4%. that is the fed's forecast. so that is conditional though on the economy improving. if it doesn't improve the fed funds rate is going to stay low. liz: one of the reactions we saw today was a stronger u.s. dollar against most, not all, but most currencies. in fact it hit a pretty significant high against the euro. so that brings me to john because one of your picks is the deutch x tracker etf. this has a different name. it used to be called the current hedge equity fund. it has currencies around the globe, from developed nations right? they have currency effects, japan, mexico, new zealand, correct? >> yes. i think one of the things you need to do in this environment, when you have a change in interest rate policy on the horizon or policy of the central bank we're seeing today in the u.s., uncertainty about what happens, you really don't know which way currencies might swing. so you want to take the noise

out. what we see is that the global recovery will continue to pick up steam, especially europe which is lagging behind us. you don't want swings of currency affect you. that is one interesting way to do it at reasonably low cost. david: i have to get larry back in here. that is assuming europe will recover. we just had joseph stiglitz talk about europe today in very disparaging terps, essentially going through a japan lost decade period that could continue quite a bit further. won't that eventually catch up with our market if it does stay in the doldrums? >> you know, david, you believe that to be true, yes of course. the pmi number came out to europe, if you equate that to gdp, talking 1 1/2% gdp, with errors maybe one 1/4%. they are growing. bad numbers have come out of europe, no doubt about it. however there are good bright spots people are not talking about. auto sales are up.

loan growth is starting to moderate a little bit and the jobs forecast is little bit better around the eurozone. yes, the numbers have been bad as of late but still growing. david: hold on, joseph stiglitz just didn't say that coming out of nowhere. he knows what he is talking about. >> so do i. david: germany is in recession. -- italy is in recession. looks like they may go through some qe themselves. that is killing euro. there are strong headwinds, right. exactly, there are strong headwinds. he knows what he is talking about. i have money on the line. i have money where my mouth is. i am short the euro, i think 1.30 might be a good target but i think there might be a bright horizon for the euro zone. germany has been shrinking, you're correct, there are recessionings going on but there are bright spots that will carry the day. gdp 1%, 1 and a quarter isn't spectacular but it is still growing. that is what i'm saying. i wouldn't say i would invest in

their stock market now. i would rather get momentum in china, somebody actually going in the right direction. europe has a little troughing out to do but eventually they are going to go in the right direction. david: larry shover, good to see you my friend. john tuohey, and stephen oliner, thanks very much, guys, have a good weekend. liz: some say about it coin is a bubble. others say, i don't even know what it is. others say it's the future of currency and there's one company that says it is a way to ramp up sales and boost earnings. overstock.com now acceptingbitcd overstock says investors will win big. patrick byrne, overstock.com ceo joining us in "first on fox business" interview. david: oh, he is great. who is afraid of a little rate hike? one fed president says investors should not fear a hike but they should prepare because it actually may be coming sooner than you think. st. louis federal reserve president james bullard joining us from jackson hole in an

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liz: cloud computing company salesforce.com getting a boost, closing up more than 7%. david: don't you love that. nicole petallides on floor of nyse with details. >> liz and dave, i began to giggle when you said cloud computing, and bandwidth seems two phrases everybody was interested in and both did so well because it is just growing and growing. when you talk about cloud computing, talking about salesforce.com, the stock is up 7 1/3%. last two weeks up 30%. came out with earnings. they saw better than expected quarterly revenue and increase in sales, for web-based sales and marketing software.

let me tell you what susquehanna wrote before earnings came out. we see greater upside potential. our checks for the second half say there are megadeals in the pipeline. meg today goals that could close? that is great cost. in june, sales force closed a deal with dutch light company phillips teaming up with sales force. what were they doing? offering online management of chronic diseases. this is company that certainly seems they will con continue to grow. winner year-to-date and number three in the s&p 500 today. liz: nicole, thank you very much. david: have a grad weekend. more merchants are accepting bitcoin payments in the u.s., overstock.com is looking overseas to conquer digital currencies as next frontier. liz: why does the company see bitcoin way to boost revenue and shareholders make more money? maybe not so fringe anymore to use bitcoin?

joining us first first on fox fx business, patrick byrne overstock.com ceo. david: there he is. liz: your background is just as good as jackson hole. so we'll take it. david: better than jackson hole. better than jackson hole. >> always an honor to be on your show. liz: we're honored. you're always in the forefront ever creating different types of business but accepting bitcoin international. what are the sales like people using bitcoin? secondly, do international people use it much more than americans? >> well, thanks, two great questions. love to have the chance to answer those. since we've launched in january, i think we averaged about, well, it is about quarter of 1% of sales. 12,500 to 15,000 a day since we launched and i expect that to go up in the fourth quarter. that should come to six to eight million dollars in sales this year. i told journalists, how does that translate to the bottom line, that probably translates

into three to four cents pretax in extra profits to the bottom line. so i didn't mean it. sometimes i just, reporter asks me question, i give honest answers. sound like i'm pounding my chest. i'm not. bitcoin is strong part of our business but will add a couple shekels to the bottom line this year. david: how does it save you money? i don't get it. i would think it would be easier to trade in dollars than bitcoin. why would that assumption be wrong? >> well, saves us money because it saves us three to 4% in transaction fees, merchant fees for the credit cards, fraud risk, chargeback risk, things like that. all that goes away. as we as makes us money because gets us a lot of new customers and pr which we didn't anticipate this much pr but a lot of new customers who want to use bitcoin and show their support. i give these different talks to the bitcoin community and people keep telling me it is part of lore of bitcoin, get your bitcoin wallet and shop at

overstock. for these different reasons, it will make us a half a million million extra dollars that we would otherwise made. nothing earth shattering. >> maybe the start of something new and big? there are all kind of concerns, especially in the wake of mount box, one of the original, they were -- mt. gox. ways to trade it. they went bankrupt and that scared a lot of people. should isn't. >> a lot of businesses that deal in u.s. dollars often go bankrupt. doesn't make anything wrong with u.s. dollars. so yeah these crooks were running mt. gox and it dealt in bitcoin and went bankrupt. had nothing to do with bitcoin. it had to do with the crooks running that company. david: patrick, you're more than use a user in bitcoin. you're a believer in bitcoin. i believe you give a portion of your bitcoin sales to a foundation that supports the growth of bitcoin. is it because you have such distrust for central banks that you're a believer in bitcoin? >> right. i think our republic is on the way, we're going where republics

go to die, that is oligarchy. the reason we move to oligarchky we come to rely on centralized institutions like central bank and federal reserve and they have been corrupted and taken over by elites and hijacked. bitcoin is peer-to-peer. nothing, it avoids institutions and nothing for the oligarchs to extract from. it is subversive technology, not towards principles of our republic, it is consistent with the principles. it subversive to the oligarchy centralized institutions that have risen. sounds like you're reading my emails. we are on september he 1st start excepting bitcoin globally. we're commit committing to start giving 4% back of all about it coin sales for now. we'll be giving to various foundations around the world whose purpose is the promotion

of bitcoin, adoption and legal defense of it, against autocrat i can regimes who want to see bitcoin, want to see freedom eliminated. want to see bitcoin eliminated. we'll give 4% of the proceeds to fight the legal fight for bitcoin. >> september 1st, international acceptance of bitcoin right on overstock.com. good to see you, patrick. david: i love how you profit from your philosophy and give back. >> i'm a capitalist. david: appreciate you coming in. liz: patrick, capitalism lives here, patrick. thank you very much. fed chair janet yellen has spoken so what does st. louis fed president bullard make of her speech? we'll read the tea leaves for that. david: can't wait for that. help for people that want to get off the disabled list, but lot of people say we make more money than when we're on the government dole than when we're working so how do you convince

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will be huge. display panel production is delayed we're learning after the back light that lights up your iphone screen had to be changed. that was according to reuters. this assembly for parts in june and july now production is back on track according to reuters. the factories are working on full speed pace to put the iphones out on schedule. the three companies make the screen, sharp and lg, were not available for comment. analysts have big expectations what is likely to be two new iphone six models coming out on september 9th. we talked to brian coal hello of "morningstar" and telling fox business, quote, we believe apple's stock price and recent run-up is based on optimism around a massive iphone six launch. apple doesn't have much room for error hitting product targets, which is the question here or generating strong sales growth. anticipation in the stock, apple shares increased creased by a

third since first-quarter earnings were posted in late april. iphone sales are huge part of their bottom line. the sales make up over 50% of all sales in total across the board. liz, dave. liz: jo, the number one question has to be, what has apple said in the past about things like supply chain delays? there were questions about the 5c ahead of that debut? >> exactly. i rolled back to january 2013 with that earnings call to ceo tim cook and basically he told investors do not panic. saying it would be quote, impossible to accurately interpret the data point what it meant for our overall business because the supply chain is very complex. so, whatever happens with the date, liz, the delivery is very important. according to morgan stanley, iphone 6 sales are expected to be 20% more than the 5s. liz: they better not change the charger okay? that will annoy people. >> it is supposed to be a lot thinner. we're getting pictures leaked out today directly from the factory, showing wider screen goes all the way to the edge. i don't know if that is something you like?

liz: i like the samsung galaxy. david is not so hot. david: i can't stand it. liz: jo ling kent. david: number of americans on social security disability payments has skyrocketed to 11 million people. that more people than there are in sweden. many americans on disability could hold on to a job but they are wary of losing their government benefits. that is why they stay on it. that's why congress instituted so-called ticket to work program for those on disability who are capable of getting back to work but so far, there are not many takers. joseph lawler, economics writer for the washington "washington " looking into this program. good to see you again. welcome. does anyone know exactly how many of those 11 million people on disability could work if they wanted to? >> no, they don't know that. david: there must be estimates though, right? >> i'm sure that there are estimates. i don't have those off the top of my head. probably a pretty significant number. you know, i think, that, there is probably, you can look at

their injuries. look at their disabilities, say, someone with, for instance a back that is in pain but not completely renders them completely unable to work could maybe have a desk job. those kind of injuries have been increasing. those are the kind of things experts would look at but i don't have the number off top of my head. david: you focused on the ticket to work program. you found somebody on disability who opted to go off of disability or at least get a job that would lose him his entitlement to disability payments. his name is bryce describe him and what he went through. >> sure. larry brace, here in washington, d.c. he is recovering from con guess shunnal heart failre disa. he had a stint with alcoholism. he had a tough patch in life. he has serious drive and desire to interthe workforce. he got a job at trader joe's. he is working but not earning a

ton. getting a paycheck but he has this drive to leave disability and get out there on his own, paying his own way, earning a paycheck and doing things for himself. david: the fact is, i don't want to discourage anybody from working, the fact he is just making a little bit more than he would by sitting back and collecting disability, right? >> right. that is the problem. he knows that if he makes over $1,000 a month, eventually he will lose his social security check. and the problem is, the social security check is not a lot. it is only around $1500 a month for him. but it is guaranteed. he is going to get it every month for rest of his life as long as he doesn't work too much. whereas -- david: stop you right there, joe. is there any move to change that? people's lives change? it, you shouldn't be allowed to collect ad infinitum, should be a point capable of having recovered from illness you get off the disability or disallowed to continue to collect it, no?

>> the problem is, someone is really disabled, they need to have that check. it is hard to distinguish between people. so what the government has tried to do is tried to put programs in place for people who do have the ability to work to put them back into the work place. that is unfortunately where things haven't worked out very well. david: joe, one more question. these disability payments are supposed to come out of our payroll checks and they do in fact, but isn't the fund running out of money? if that happens what happens to the whole disability program. >> that's right. that is the big issue. social security itself, for retirement is trust fund is in place through 2030 but for disability is only two years from now. 2016 they say it will be exhausted. this will be a congressional issue sooner or later. they have to find some kind affix to pay for that. david: joseph lawler, "washington examiner" economics writer. thanks for coming. >> thanks for having me on.

david: liz? liz: piling on the pressure to raise rates sooner than later. one fed president said the hawks may get their ways. david: which one? liz: st. louis fed president james bullard joining us in just a moment live. oscar winner jared leto hopes his new investment will take flight as he invests in one airline, david, wants to offer you, yes you, unlimited flights for a flat fee. wait until you hear the fee. there are a few catches. you've got to hear from the ceo. we'll talk to him next. ♪ she inspires you.

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david: fed chair janet yellen making her first jackson hole address today saying economy is improving but she is still not ready to raise rates. liz: what would hiking rates really be like? would it be a bad thing when it happens or so horrible? peter barnes joining us live from jackson hole with st. louis fed president james bullard who probably has a different opinion. peteer? >> that's right, liz. we're getting reaction from chair yellen's speech this morning. jim bullard joins us now. thanks for joining us. >> great to be here. >> did you see any change in policy or preparation on the part of chair yellen this morning in her remarks? >> she is always very careful and well-prepared. i thought she did a good job and laid out a lot of issues around the labor market as she stressed

how complex it is because, you know, different indicators are going in different directions and how are we really going to assess that. i thought it was a good speech. >> she made it clear it is kind of harder to assess things. >> yeah, i think it is harder although i would stress i think that the main indicators that we use, which are unemployment and non-farm payroll employment are still probably our best indicators. it is true there are many other things to look at that, quits and part-time economic reasons and all these other categories, but really, the main, the main ones are unemployment and, and non-farm payroll. david: she reiterated that all of this, decision on when to raise short-term interest rates after you're done with tapering with quantitative easing, is once again, it is data dependent? >> yeah. it does depend on economy as always. but i think the economy is

doing, you know, better. we've ended up with 3% growth last year and second quarter was 4%. looks like we'll get 3% plus in the second half of the year. if you're willing to throw out the first quarter, which i think looks like an anomaly now, really has been, you know, pretty robust growth considering everything that has happened in the last five years. and also, non-farm payrolls, plus 200,000, six months in a row. unemployment come down a lot. i things are looking better. that will put the committee in position to think about normalizing policy. david: starting to raise rates. and so if, if the economy continues on this track and follows, your forecast, when do you see the fomc starting to raise short-term rates? >> i penciled in end of first quarter of next year. and, i think that's a reasonable guess, given what we know now and given forecasts that we just talked about.

so -- >> you seem to be out there with a little earlier start date than some our colleagues based on conversations we've been having. >> i don't want to wait too long or grow too slowly. if you look at 2004 to 2006 when we tightened. you know, 25 basis points, 16 meetings in a row. i don't think that was optimal policy. and in the end, we were in trouble. we had a housing bubble that blew up on us and cause ad global crisis. i don't want to get into that kind of situation again. as long as the economy continues to improve i think we could start to normalize. >> sound like it would require a, a massive communications effort, a solid plan, a lot of signaling to the market as one of your colleagues, dennis lock hard e heart said today, no surprises going forward? >> yeah, but i think we're already talking about it now.

this isn't ising that would happen even until next year. i think we're ahead of came on that. >> worried worried about the pol of maybe asset bubbles. >> sure. >> housing bubbles? what about inflation. are you concerned that the fed could get behind the curve on that if it doesn't start to move? >> i think it is a risk. it is always a risk in central banking. inflation has been at low levels but it has come up recently. i have got it continuing to move up slowly and even go through the inflation target. >> 2% inflation target? >> even above the inflation target in 2015, if the economy continues to grow at this pace. i think, you know, if you play this right, inflation never really gets far from target. if you play it badly it gets out of control and inflation expectations start to move on you. >> there is a lot of debate around question of so-called forward guidance the fed gives consumers and investors and, whether or not you should retain

this language that rates will remain low for considerable period past the end of the taper which we expect to be this fall. do you favor changing that language to help provide more guidance? >> at some point that language is going to have to be changed. to me the reason that language was in there originally so when we ended the qe program, markets didn't think we were immediately going to turn around and raise rates. there would be some kind of a gap in there. now that we're getting closer looks like only, you know, a couple of meetings we'll be done with the qe program. we may have to revise that to better reflect the committee intention. >> for folks back home, investors and consumers and small business in the last minute or so here, what do you and your colleagues want the takeaway from this jackson hole conference to be? and going forward, what do you want, what message do you want to send the public? >> well, i think, this is

focused on labor markets. there are a lot of complicated issues in u.s. labor markets. a lot of these papers are about longer-run issues many people have talked about. what is happening to sort of middle class jobs. there is talk today about polarization of jobs at the, you know, low skilled, low paid jobs are growing and high-skilled, high paid jobs are growing but doesn't seem to be too many in the middle. why is that? why is that a long time trend in the economy. what does it really mean? i think a lot of good issues here and a lot of good work going on and that will inform monetary policy. >> policy-makers are aware of those problems out there and hope to correct them? >> not that i have a lot of answers on that but i think, you know, you need to continue to study and think about these things in order to make good policy. >> jim bullard, st. louis fed. thanks for joining us again. >> thanks for having me. >> liz, david, back to you. david: what a great interview.

specific rate for the rate hike, specific time. end of first quarter. we're talking about march, sometime around then. that's very interesting to get a specific date like that. peter, thank you very much, from a cold and wet jackson hole. hasn't sunnied up much there. liz: coming up, it a members only luxury airline that provide you with unlimited flights for $1600 a month? want to join an oscar winner in this club? surf air's ceo coming up next to tell you how. david: also, wall street has had a terrible image problem on politicians with recent years. is the tide finally beginning to turn a bit? we'll go to washington to find out. liz: what do "harry potter," rapper 50-cent and world boxing champ floyd mayweather have in common. david: as you begin? >> i know. liz: we'll tell you in a moment. david: what is the answer? ♪

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liz: are you sick of bad airport food, long security lines? we've got the company for you. a members only luxury airline called surf air. what surf air does, it provide you with unlimited flights on pretty swanky planes for just $1600 a month. after a $65 million cash infusion to purchase new aircraft, surf air is

very fast. here to talk about the company's massive expansion plans, surf air ceo jeff potter. let's get down to the brass tacks here. what kind of planes and what area? as i understand it you're pretty limited at the moment to the west coast. >> we are, liz. right now we fly the pc-12. it is made in switzerland. fast, reliable, pressurized, quiet. our members love it. currently we only have three aircraft. so the 65 million in the order for 65 aircraft, over the next five years is obviously a big step for us but we're excited. we'll continue to expand in california but expect to be in other regions of the country as early as next year. liz: okay, membership about 1,000, 1600 i best we could call it. >> right. liz: get to the places that you do fly to. you're based in santa monica. we have a map up. your potential routs all up and

down california and some in arizona, correct. >> that is correct. we currently fly hawthorne, which is private airport next to lax, burbank, santa barbara. we fly into san carlos a small airport south of is fo. we fly to truckee, tahoe. >> you have 350 people on wait list. >> correct. liz: wait list means you're sold out at moment on memberships? >> we are. just since the end of january, we had 320 members. we are up over 900 members. we had to put up a wait list. that is confirmation that we need more aircraft. the community that we've noted as potential markets are all very excited about seeing surf air come to their, come to their cities. liz: am i locked into consecutive months or is this a month by month membership? can i take it in january and then blow it off in march -- >> i'm sorry? i think what i heard you say are

they locked in for a period of time? actually they're not. what, it's 90-day membership. then it goes to a monthly membership. so, obviously our demographic are sea level -- c level executives. they are venture capitalists. they are doctors, lawyers, and appreciate, understand their travel patterns may change. trying to lock them in longer period of time is, is a little bit challenging. so, to date it worked out very well. of not only for our business model but also for our members. liz: well i believe it was "the financial times" who terped it generation c, and c stands for customized. people want custommability to make choices when they want them. >> absolutely. >> i look at your plan and look at the map, i see myselves i don't want to wait two hours at airport and check in, anticipate security lines to fly hour 1/2 to san francisco even that. >> absolutely. liz: that's a pain.

this makes positive sense to me and to your investors, among whom you count jared leto who is an academy award win actor. >> we do. liz: how did that come about? >> jared, aside from being as talented as he is in the music industry and fantastic actor, he is a pretty shrewd businessman. so he took note of what we were doing very early on. as you mentioned we just completed another round of financing. he participated in that. and we're fortunate because we have people like jared but not only jared but we have nine hundred members who are successful business people. and they reach out to us all the time. how can we help? how can we refer? anything we can do to help. so it's a sense of community that, really don't find in commercial aviation. so we're very, very fortunate, not only to have jared a member and investor but the community of members that we have overall. liz: can we order whatever food we want? you always think green m and

ms? >> you know, liz, we do such a great job on the concierge side, we'll go get you food. liz: i'm very specific. triple half calf, double cup starbucks, the whole thing. >> you got it. liz: jeff, you came from frontier air. you were the ceo there. >> i did. liz: how quickly do you see that wait list opened up and letting those people come on? >> i think we're going to start, we get our first three new deliveries of new aircraft, of the 65, by the end of the year. liz: okay. >> we anticipate opening that up, probably somewhere mid to late september or early october. so we're coming back. liz: come back again. we want to watch you grow. we love to see you grow. >> thank you so much. liz: jeff potter, of surf air. david? david: despite the big fine wall street had to pay this week, bank of america, wall street seems to be enjoying a bit of a break from the onslaught of ads targeting big banks. we have that story coming next. rapper 50-cent challenging

boxer floyd mayweather to complete the als challenge, thank goodness it does not involve a bucket of ice water. we'll tell you what is at stake when we go "off the desk." ♪ so i can reach ally bank 24/7, but there are no branches? 24/7 it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates.

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liz: wall street's reputation might be on the mend after years of getting bashed. big banks may no longer be the political villains they used to be? david: i don't know. rich edson joining us from d.c. with details. that is hard sell, rich. >> that is what numbers show. "cook political report," shows 280,000 ads ran in 2012 mentioning wall street or bailouts. for this political cycle it is only 15,000. analysts say the financial crisis is more distant. the government fined banks of tens of billions of dollars. any lawmaker voted for bailout still running for re-election likely already survived accusations of closeness to wall street. >> to extent you want to pound somebody, it was effective, took him out in previous election cycle but somebody already survived voting for tarp and

defending it before voters on the ballot this year. >> candidates bash opponents over their ties to wall street much less than previous election cycles could be effective target. many charges against house majority leader eric cantor centered on his ties to wall street and he lost his primary. back to you. david: i remember well. liz: liz, thank you very much. david: rapper fitty sent thinks it is time to move on the ice bucket challenge. sponsored by fictional wizard. liz: this could be break through in astronomy. scientists discovered evidence of one of the very first suns in the universe. we'll tell you about it when we take you "off the desk."

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david: boxer fitty sent challenging boxer floyd mayweather. >> this is the als challenge, floyd. if you can raid one full page after "harry potter" book [bleep] i will give 750,000 to whatever charitableorg you want to. david: i don't know why he has to use the language that. is a lot of money. if completed successfully, fitty sent will donate 700,000 to a charity of his choice. raised $13 million for these ice bucket things. we'll see if fitty sent's "harry potter" challenge catches on. liz: also off the desk, a team of astronomers found possible remnants of whatever the first stars to form in the universe. this is the first evidence found for the universe's first generation of stars. these stars ultimately gave rise to the planets, galaxies and other products in the universe, big arrow pointing here. it could be a groundbreaking

discovery providing us with new information about the earliest days of the universe. love it. david: okay. very quickly. thank you so much for watching. we'll see you back here on monday. meanwhile "the willis report" is next. gerri: welcome to "the willis report." i'm gerri willis. on the show tonight american airlines war against american families. the outrageous new fees that could double the cost of a flight. like they don't want us to fly. also, a new warning, the western drought could have a long-term impact on food prices. it is also pittings farmers against city dwellers. what would you pay for a bicycle? how about $20,000? "the willis report" where consumers are our business starts right now. gerri: we begin tonight with energy independence and energy security. those ideas front of mind tonight as this nation st